OTCPK:MYBU.F

Stock Analysis Report

Executive Summary

Meyer Burger Technology AG, a technology company, provides systems and processes based on semiconductor technologies.

Snowflake

Fundamentals

Adequate balance sheet and overvalued.


Similar Companies

Share Price & News

How has Meyer Burger Technology's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-16.7%

MYBU.F

1.8%

US Semiconductor

1.3%

US Market


1 Year Return

-31.8%

MYBU.F

19.1%

US Semiconductor

5.9%

US Market

Return vs Industry: MYBU.F underperformed the US Semiconductor industry which returned 19.1% over the past year.

Return vs Market: MYBU.F underperformed the US Market which returned 5.9% over the past year.


Shareholder returns

MYBU.FIndustryMarket
7 Day-16.7%1.8%1.3%
30 Day0%-1.7%-1.9%
90 Day-24.2%4.7%-1.8%
1 Year-31.8%-31.8%21.4%19.1%8.3%5.9%
3 Year-89.8%-89.8%80.0%69.3%45.6%36.2%
5 Year-95.8%-95.8%141.0%116.2%66.1%47.9%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Meyer Burger Technology undervalued compared to its fair value and its price relative to the market?

1.35x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: MYBU.F ($0.38) is trading above our estimate of fair value ($0.23)

Significantly Undervalued: MYBU.F is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: MYBU.F is unprofitable, so we can't compare its PE Ratio to the Semiconductor industry average.

PE vs Market: MYBU.F is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate MYBU.F's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MYBU.F is good value based on its PB Ratio (1.4x) compared to the US Semiconductor industry average (2.7x).


Next Steps

Future Growth

How is Meyer Burger Technology forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

72.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MYBU.F is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: MYBU.F is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: MYBU.F is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: MYBU.F's revenue (9.9% per year) is forecast to grow faster than the US market (7.3% per year).

High Growth Revenue: MYBU.F's revenue (9.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: MYBU.F is forecast to be unprofitable in 3 years.


Next Steps

Past Performance

How has Meyer Burger Technology performed over the past 5 years?

21.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: MYBU.F is unprofitable, but has reduced losses over the past 5 years at a rate of 21.7% per year.

Accelerating Growth: Unable to compare MYBU.F's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MYBU.F is unprofitable, making it difficult to compare its past year earnings growth to the Semiconductor industry (-6.2%).


Return on Equity

High ROE: MYBU.F has a negative Return on Equity (-29.97%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: MYBU.F is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: MYBU.F is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Meyer Burger Technology's financial position?


Financial Position Analysis

Short Term Liabilities: MYBU.F's short term assets (CHF176.9M) exceeds its short term liabilities (CHF86.5M)

Long Term Liabilities: MYBU.F's short term assets (176.9M) exceeds its long term liabilities (43.7M)


Debt to Equity History and Analysis

Debt Level: MYBU.F's debt to equity ratio (17.9%) is considered satisfactory

Reducing Debt: MYBU.F's debt to equity ratio has reduced from 41.5% to 17.9% over the past 5 years.


Balance Sheet

Inventory Level: MYBU.F has a high level of physical assets or inventory.

Debt Coverage by Assets: MYBU.F's debt is covered by short term assets (assets are 4.490680x 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.

Stable Cash Runway: MYBU.F has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if MYBU.F has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Meyer Burger Technology's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage2.2%forecastin3Years0%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate MYBU.F's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate MYBU.F's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if MYBU.F's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MYBU.F's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MYBU.F's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

  • Explore strong dividend paying companies in the Semiconductors industry.

Management

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

2.7yrs

Average management tenure


CEO

Hans Brändle (58yo)

2.8yrs

Tenure

CHF1,010,523

Compensation

Dr. Hans Brändle has been the Chief Executive Officer and Member of Executive Board of Meyer Burger Technology AG since January 01, 2017. Dr. Brändle has been a Director of Oxford Photovoltaics Limited sin ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Hans's total compensation is reasonable compared to companies of similar size in the US market.

Compensation vs Earnings: Hans's compensation has been consistent with company performance over the past year.


Management Age and Tenure

2.7yrs

Average Tenure

58yo

Average Age

Experienced Management: MYBU.F's management team is considered experienced (2.7 years average tenure).


Board Age and Tenure

0.9yrs

Average Tenure

62.5yo

Average Age

Experienced Board: MYBU.F's board of directors are not considered experienced ( 0.9 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Manfred Häner (63yo)

    CFO & Member of Executive Board

    • Tenure: 1yrs
  • Hans Brändle (58yo)

    CEO & Member of Executive Board

    • Tenure: 2.8yrs
    • Compensation: CHF1.01m
  • Gunter Erfurt (46yo)

    CTO & Member of Executive Board

    • Tenure: 2.7yrs
  • Ingrid Carstensen

    Head of Corporate Communications

    • Tenure: 0yrs

Board Members

  • Franz Richter (64yo)

    Vice Chairman of the Board

    • Tenure: 1.4yrs
    • Compensation: CHF141.17k
  • Andreas Herzog (62yo)

    Independent Director

    • Tenure: 0.4yrs
  • Hans-Michael Hauser (49yo)

    Non-Executive Director

    • Tenure: 2.5yrs
    • Compensation: CHF110.89k
  • Remo Lütolf (63yo)

    Independent Chairman

    • Tenure: 0.4yrs

Company Information

Meyer Burger Technology AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Meyer Burger Technology AG
  • Ticker: MYBU.F
  • Exchange: OTCPK
  • Founded: 1953
  • Industry: Semiconductor Equipment
  • Sector: Semiconductors
  • Market Cap: CHF245.310m
  • Listing Market Cap: CHF246.073m
  • Shares outstanding: 613.27m
  • Website: https://www.meyerburger.com

Number of Employees


Location

  • Meyer Burger Technology AG
  • Schorenstrasse 39
  • Thun
  • Bern
  • 3645
  • Switzerland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MYBU.FOTCPK (Pink Sheets LLC)YesRegistered SharesUSUSDNov 2006
MBTNSWX (SIX Swiss Exchange)YesRegistered SharesCHCHFNov 2006
M6YADB (Deutsche Boerse AG)YesRegistered SharesDEEURNov 2006
0QQ7LSE (London Stock Exchange)YesRegistered SharesGBCHFNov 2006

Biography

Meyer Burger Technology AG, a technology company, provides systems and processes based on semiconductor technologies. It operates through Photovoltaics and Specialised Technologies segments. The company pr ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/15 00:01
End of Day Share Price2019/10/09 00:00
Earnings2019/06/30
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.