OTCPK:MANZ.F

Stock Analysis Report

Executive Summary

Manz AG manufactures and sells high-tech equipment in Germany and internationally.

Snowflake

Fundamentals

Excellent balance sheet and fair value.


Similar Companies

Share Price & News

How has Manz's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

OTCPK:MANZ.F

-0.8%

US Semiconductor

-0.02%

US Market


1 Year Return

n/a

OTCPK:MANZ.F

10.2%

US Semiconductor

1.6%

US Market

No trading data on MANZ.F.

No trading data on MANZ.F.


Share holder returns

MANZ.FIndustryMarket
7 Day0%-0.8%-0.02%
30 Day0%5.8%2.7%
90 Day0%12.0%1.4%
1 Yearn/a12.3%10.2%3.8%1.6%
3 Year-18.9%-18.9%82.2%71.6%45.2%35.8%
5 Yearn/a122.9%100.2%61.8%44.1%

Price Volatility Vs. Market

How volatile is Manz's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Manz undervalued based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Manz's share price is below the future cash flow value, and at a moderate discount (> 20%).

Manz's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Manz is loss making, we can't compare its value to the US Semiconductor industry average.

Manz is loss making, we can't compare the value of its earnings to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Manz, we can't assess if its growth is good value.


Price Based on Value of Assets

Manz is good value based on assets compared to the US Semiconductor industry average.


Next Steps

Future Growth

How is Manz expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

79.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Manz's revenue is expected to grow by 6.7% yearly, however this is not considered high growth (20% yearly).

Manz's earnings are expected to grow significantly at over 20% yearly.

Manz's revenue growth is positive but not above the United States of America market average.

Manz's earnings growth is expected to exceed the United States of America market average.

Manz's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Manz is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Manz performed over the past 5 years?

16.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Manz does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.

Unable to compare Manz's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Manz's 1-year growth to the US Semiconductor industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Manz has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if Manz has efficiently used its assets last year compared to the US Semiconductor industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Manz improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Manz's financial position?


Financial Position Analysis

Manz is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Manz's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Manz's level of debt (38.8%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has increased over the past 5 years (29.7% vs 38.8% today).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 4x debt.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Manz has sufficient cash runway for more than 3 years based on current free cash flow.

Manz has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of -36.6% each year.


Next Steps

Dividend

What is Manz's current dividend yield, its reliability and sustainability?

0.44%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Unable to evaluate Manz's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Manz's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Manz has not reported any payouts.

Unable to verify if Manz's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Manz has not reported any payouts.


Future Payout to Shareholders

No need to calculate the sustainability of Manz's dividends in 3 years as they are not expected to pay a notable one for United States of America.


Next Steps

Management

What is the CEO of Manz's salary, the management and board of directors tenure and is there insider trading?

0.8yrs

Average management tenure


CEO

Martin Drasch (45yo)

0.8yrs

Tenure

€384,000

Compensation

Mr. Martin Drasch has been Chairman of Management board at Manz AG since December 31, 2018 and has been Its Chief Executive Officer since October 1, 2018. He was Chief Operating Officer at Manz AG since Au ...


CEO Compensation Analysis

Martin's remuneration is about average for companies of similar size in United States of America.

Martin's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

0.8yrs

Average Tenure

46yo

Average Age

The average tenure for the Manz management team is less than 2 years, this suggests a new team.


Board Age and Tenure

5.0yrs

Average Tenure

58yo

Average Age

The tenure for the Manz board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Manfred Hochleitner (46yo)

    CFO & Member of Management Board

    • Tenure: 1.1yrs
    • Compensation: €332.00k
  • Martin Drasch (45yo)

    Chairman of the Managing Board & CEO

    • Tenure: 0.8yrs
    • Compensation: €384.00k
  • Jürgen Knie (49yo)

    COO & Member of Management Board

    • Tenure: 0.08yrs

Board Members

  • Heiko Aurenz (58yo)

    Chairman of Supervisory Board

    • Tenure: 9.4yrs
    • Compensation: €74.62k
  • Dieter Manz (58yo)

    Deputy Chairman of the Supervisory Board

    • Tenure: 1.1yrs
    • Compensation: €33.27k
  • Michael Powalla

    Member of Supervisory Board

    • Tenure: 8.2yrs
    • Compensation: €18.51k
  • Zhiming Xu (46yo)

    Member of Supervisory Board

    • Tenure: 1.8yrs
    • Compensation: €15.47k

Company Information

Manz AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Manz AG
  • Ticker: MANZ.F
  • Exchange: OTCPK
  • Founded: 1987
  • Industry: Semiconductor Equipment
  • Sector: Semiconductors
  • Market Cap: €131.649m
  • Listing Market Cap: €146.082m
  • Shares outstanding: 7.74m
  • Website: https://www.manz.com

Number of Employees


Location

  • Manz AG
  • Steigaeckerstrasse 5
  • Reutlingen
  • Baden-Württemberg
  • 72768
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
M5ZDB (Deutsche Boerse AG)YesBearer SharesDEEURSep 2006
M5ZXTRA (XETRA Trading Platform)YesBearer SharesDEEURSep 2006
0J9OLSE (London Stock Exchange)YesBearer SharesGBEURSep 2006
MANZ.FOTCPK (Pink Sheets LLC)YesBearer SharesUSUSDSep 2006
M5ZDBATS-CHIXE (BATS 'Chi-X Europe')YesBearer SharesGBEURSep 2006

Biography

Manz AG manufactures and sells high-tech equipment in Germany and internationally. The company operates through five segments: Solar; Electronics; Energy Storage; Contract Manufacturing; and Service segmen ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/19 00:17
End of Day Share Price2019/05/21 00:00
Earnings2019/03/31
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.