Marel hf (MAREL.AS) Stock Fundamental Analysis
Europe - Euronext Amsterdam - AMS:MAREL - IS0000000388 - Common Stock
4.55 EUR
+0.12 (+2.71%)
Taking everything into account, MAREL scores 2 out of 10 in our fundamental rating. MAREL was compared to 110 industry peers in the Machinery industry. Both the profitability and financial health of MAREL have multiple concerns. MAREL is valued expensive and it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year MAREL was profitable.
MAREL had a positive operating cash flow in the past year.
MAREL had positive earnings in each of the past 5 years.
Each year in the past 5 years MAREL had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 0.44%, MAREL is doing worse than 63.37% of the companies in the same industry.
MAREL has a worse Return On Equity (1.10%) than 61.39% of its industry peers.
The Return On Invested Capital of MAREL (3.55%) is worse than 63.37% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for MAREL is below the industry average of 8.83%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.44% | ||
| ROE | 1.1% | ||
| ROIC | 3.55% |
ROA(3y)2.73%
ROA(5y)3.95%
ROE(3y)6.07%
ROE(5y)8.09%
ROIC(3y)5.23%
ROIC(5y)6.94%
1.3 Margins
The Profit Margin of MAREL (0.69%) is worse than 62.38% of its industry peers.
In the last couple of years the Profit Margin of MAREL has declined.
MAREL has a Operating Margin (5.21%) which is in line with its industry peers.
MAREL's Operating Margin has declined in the last couple of years.
MAREL has a Gross Margin of 36.06%. This is comparable to the rest of the industry: MAREL outperforms 41.58% of its industry peers.
In the last couple of years the Gross Margin of MAREL has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5.21% | ||
| PM (TTM) | 0.69% | ||
| GM | 36.06% |
OM growth 3Y-23.73%
OM growth 5Y-17.24%
PM growth 3Y-39.86%
PM growth 5Y-29.33%
GM growth 3Y-2.31%
GM growth 5Y-2.35%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), MAREL is destroying value.
The number of shares outstanding for MAREL remains at a similar level compared to 1 year ago.
MAREL has more shares outstanding than it did 5 years ago.
MAREL has about the same debt/assets ratio as last year.
2.2 Solvency
An Altman-Z score of 2.59 indicates that MAREL is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of MAREL (2.59) is better than 64.36% of its industry peers.
MAREL has a debt to FCF ratio of 17.03. This is a negative value and a sign of low solvency as MAREL would need 17.03 years to pay back of all of its debts.
MAREL has a Debt to FCF ratio of 17.03. This is in the lower half of the industry: MAREL underperforms 63.37% of its industry peers.
A Debt/Equity ratio of 0.84 indicates that MAREL is somewhat dependend on debt financing.
The Debt to Equity ratio of MAREL (0.84) is worse than 70.30% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.84 | ||
| Debt/FCF | 17.03 | ||
| Altman-Z | 2.59 |
ROIC/WACC0.64
WACC5.55%
2.3 Liquidity
A Current Ratio of 1.36 indicates that MAREL should not have too much problems paying its short term obligations.
MAREL has a Current ratio of 1.36. This is in the lower half of the industry: MAREL underperforms 65.35% of its industry peers.
A Quick Ratio of 0.77 indicates that MAREL may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.77, MAREL is doing worse than 69.31% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.36 | ||
| Quick Ratio | 0.77 |
3. Growth
3.1 Past
MAREL shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -72.06%.
MAREL shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -25.45% yearly.
Looking at the last year, MAREL shows a decrease in Revenue. The Revenue has decreased by -5.67% in the last year.
The Revenue has been growing slightly by 7.52% on average over the past years.
EPS 1Y (TTM)-72.06%
EPS 3Y-32.75%
EPS 5Y-25.45%
EPS Q2Q%-62.39%
Revenue 1Y (TTM)-5.67%
Revenue growth 3Y11.62%
Revenue growth 5Y7.52%
Sales Q2Q%-4.14%
3.2 Future
Based on estimates for the next years, MAREL will show a very strong growth in Earnings Per Share. The EPS will grow by 39.00% on average per year.
Based on estimates for the next years, MAREL will show a small growth in Revenue. The Revenue will grow by 4.44% on average per year.
EPS Next Y45.24%
EPS Next 2Y45.57%
EPS Next 3Y39%
EPS Next 5YN/A
Revenue Next Year-0.68%
Revenue Next 2Y2.53%
Revenue Next 3Y3.66%
Revenue Next 5Y4.44%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 227.50, MAREL can be considered very expensive at the moment.
MAREL's Price/Earnings ratio is a bit more expensive when compared to the industry. MAREL is more expensive than 66.34% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.61. MAREL is valued rather expensively when compared to this.
The Price/Forward Earnings ratio is 29.78, which means the current valuation is very expensive for MAREL.
78.22% of the companies in the same industry are cheaper than MAREL, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 24.01, MAREL is valued a bit more expensive.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 227.5 | ||
| Fwd PE | 29.78 |
4.2 Price Multiples
MAREL's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. MAREL is more expensive than 75.25% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of MAREL indicates a slightly more expensive valuation: MAREL is more expensive than 67.33% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 67.72 | ||
| EV/EBITDA | 23.03 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates MAREL does not grow enough to justify the current Price/Earnings ratio.
MAREL's earnings are expected to grow with 39.00% in the coming years. This may justify a more expensive valuation.
PEG (NY)5.03
PEG (5Y)N/A
EPS Next 2Y45.57%
EPS Next 3Y39%
5. Dividend
5.1 Amount
MAREL has a yearly dividend return of 0.19%, which is pretty low.
MAREL's Dividend Yield is comparable with the industry average which is at 1.55.
With a Dividend Yield of 0.19, MAREL pays less dividend than the S&P500 average, which is at 1.87.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.19% |
5.2 History
The dividend of MAREL decreases each year by -18.19%.
Dividend Growth(5Y)-18.19%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
MAREL pays out 54.39% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP54.39%
EPS Next 2Y45.57%
EPS Next 3Y39%
AMS:MAREL (1/3/2025, 7:00:00 PM)
4.55
+0.12 (+2.71%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners39.57%
Inst Owner ChangeN/A
Ins Owners0.52%
Ins Owner ChangeN/A
Market Cap3.51B
Revenue(TTM)1.66B
Net Income(TTM)11.40M
Analysts84
Price Target0.03 (-99.34%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.19% |
Yearly Dividend0.02
Dividend Growth(5Y)-18.19%
DP54.39%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)9.24%
PT rev (3m)14.29%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)12.97%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-1.19%
Revenue NY rev (3m)-1.19%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 227.5 | ||
| Fwd PE | 29.78 | ||
| P/S | 2.11 | ||
| P/FCF | 67.72 | ||
| P/OCF | 34.36 | ||
| P/B | 3.39 | ||
| P/tB | N/A | ||
| EV/EBITDA | 23.03 |
EPS(TTM)0.02
EY0.44%
EPS(NY)0.15
Fwd EY3.36%
FCF(TTM)0.07
FCFY1.48%
OCF(TTM)0.13
OCFY2.91%
SpS2.16
BVpS1.34
TBVpS-0.44
PEG (NY)5.03
PEG (5Y)N/A
Graham NumberN/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.44% | ||
| ROE | 1.1% | ||
| ROCE | 4.33% | ||
| ROIC | 3.55% | ||
| ROICexc | 3.67% | ||
| ROICexgc | 12.7% | ||
| OM | 5.21% | ||
| PM (TTM) | 0.69% | ||
| GM | 36.06% | ||
| FCFM | 3.12% |
ROA(3y)2.73%
ROA(5y)3.95%
ROE(3y)6.07%
ROE(5y)8.09%
ROIC(3y)5.23%
ROIC(5y)6.94%
ROICexc(3y)5.48%
ROICexc(5y)7.75%
ROICexgc(3y)24.97%
ROICexgc(5y)39.54%
ROCE(3y)6.38%
ROCE(5y)8.46%
ROICexgc growth 3Y-34.3%
ROICexgc growth 5Y-33.18%
ROICexc growth 3Y-26.23%
ROICexc growth 5Y-21.39%
OM growth 3Y-23.73%
OM growth 5Y-17.24%
PM growth 3Y-39.86%
PM growth 5Y-29.33%
GM growth 3Y-2.31%
GM growth 5Y-2.35%
F-Score5
Asset Turnover0.65
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.84 | ||
| Debt/FCF | 17.03 | ||
| Debt/EBITDA | 4.63 | ||
| Cap/Depr | 49.7% | ||
| Cap/Sales | 3.03% | ||
| Interest Coverage | 1.43 | ||
| Cash Conversion | 54.34% | ||
| Profit Quality | 454.39% | ||
| Current Ratio | 1.36 | ||
| Quick Ratio | 0.77 | ||
| Altman-Z | 2.59 |
F-Score5
WACC5.55%
ROIC/WACC0.64
Cap/Depr(3y)100.26%
Cap/Depr(5y)91.26%
Cap/Sales(3y)5.13%
Cap/Sales(5y)4.55%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-72.06%
EPS 3Y-32.75%
EPS 5Y-25.45%
EPS Q2Q%-62.39%
EPS Next Y45.24%
EPS Next 2Y45.57%
EPS Next 3Y39%
EPS Next 5YN/A
Revenue 1Y (TTM)-5.67%
Revenue growth 3Y11.62%
Revenue growth 5Y7.52%
Sales Q2Q%-4.14%
Revenue Next Year-0.68%
Revenue Next 2Y2.53%
Revenue Next 3Y3.66%
Revenue Next 5Y4.44%
EBIT growth 1Y-18.13%
EBIT growth 3Y-14.87%
EBIT growth 5Y-11.02%
EBIT Next Year83.77%
EBIT Next 3Y32.66%
EBIT Next 5Y29.2%
FCF growth 1Y333.33%
FCF growth 3Y-25.94%
FCF growth 5Y-13.88%
OCF growth 1Y47.33%
OCF growth 3Y-8.89%
OCF growth 5Y-3.71%
Marel hf / MAREL.AS FAQ
What is the fundamental rating for MAREL stock?
ChartMill assigns a fundamental rating of 2 / 10 to MAREL.AS.
Can you provide the valuation status for Marel hf?
ChartMill assigns a valuation rating of 1 / 10 to Marel hf (MAREL.AS). This can be considered as Overvalued.
What is the profitability of MAREL stock?
Marel hf (MAREL.AS) has a profitability rating of 3 / 10.
Can you provide the PE and PB ratios for MAREL stock?
The Price/Earnings (PE) ratio for Marel hf (MAREL.AS) is 227.5 and the Price/Book (PB) ratio is 3.39.
What is the financial health of Marel hf (MAREL.AS) stock?
The financial health rating of Marel hf (MAREL.AS) is 2 / 10.