MIKO (MIKO.BR) Stock Fundamental Analysis
Europe - Euronext Brussels - EBR:MIKO - BE0003731453 - Common Stock
56.6 EUR
-1.6 (-2.75%)
MIKO gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 62 industry peers in the Food Products industry. While MIKO is still in line with the averages on profitability rating, there are concerns on its financial health. MIKO scores decently on growth, while it is valued quite cheap. This could make an interesting combination.
1. Profitability
1.1 Basic Checks
- MIKO had positive earnings in the past year.
- In the past year MIKO had a positive cash flow from operations.
- In multiple years MIKO reported negative net income over the last 5 years.
- Each year in the past 5 years MIKO had a positive operating cash flow.
1.2 Ratios
- The Return On Assets of MIKO (1.04%) is worse than 66.13% of its industry peers.
- MIKO has a worse Return On Equity (2.80%) than 66.13% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 3.26%, MIKO is doing worse than 61.29% of the companies in the same industry.
- Measured over the past 3 years, the Average Return On Invested Capital for MIKO is below the industry average of 7.38%.
- The 3 year average ROIC (2.43%) for MIKO is below the current ROIC(3.26%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.04% | ||
| ROE | 2.8% | ||
| ROIC | 3.26% |
ROA(3y)-1.05%
ROA(5y)3.08%
ROE(3y)-2.67%
ROE(5y)5.97%
ROIC(3y)2.43%
ROIC(5y)1.9%
1.3 Margins
- MIKO has a worse Profit Margin (1.18%) than 62.90% of its industry peers.
- Looking at the Operating Margin, with a value of 3.31%, MIKO is in line with its industry, outperforming 40.32% of the companies in the same industry.
- MIKO's Operating Margin has declined in the last couple of years.
- MIKO has a better Gross Margin (52.64%) than 87.10% of its industry peers.
- MIKO's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.31% | ||
| PM (TTM) | 1.18% | ||
| GM | 52.64% |
OM growth 3Y-6.79%
OM growth 5Y-7.82%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.19%
GM growth 5Y2.32%
2. Health
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), MIKO is destroying value.
- MIKO has about the same amout of shares outstanding than it did 1 year ago.
- MIKO has about the same amout of shares outstanding than it did 5 years ago.
- MIKO has a worse debt/assets ratio than last year.
2.2 Solvency
- Based on the Altman-Z score of 1.72, we must say that MIKO is in the distress zone and has some risk of bankruptcy.
- With a Altman-Z score value of 1.72, MIKO is not doing good in the industry: 64.52% of the companies in the same industry are doing better.
- The Debt to FCF ratio of MIKO is 12.96, which is on the high side as it means it would take MIKO, 12.96 years of fcf income to pay off all of its debts.
- Looking at the Debt to FCF ratio, with a value of 12.96, MIKO is in line with its industry, outperforming 41.94% of the companies in the same industry.
- MIKO has a Debt/Equity ratio of 0.56. This is a neutral value indicating MIKO is somewhat dependend on debt financing.
- Looking at the Debt to Equity ratio, with a value of 0.56, MIKO is in line with its industry, outperforming 56.45% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.56 | ||
| Debt/FCF | 12.96 | ||
| Altman-Z | 1.72 |
ROIC/WACC0.77
WACC4.21%
2.3 Liquidity
- MIKO has a Current Ratio of 1.01. This is a normal value and indicates that MIKO is financially healthy and should not expect problems in meeting its short term obligations.
- The Current ratio of MIKO (1.01) is worse than 66.13% of its industry peers.
- A Quick Ratio of 0.59 indicates that MIKO may have some problems paying its short term obligations.
- The Quick ratio of MIKO (0.59) is worse than 66.13% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.01 | ||
| Quick Ratio | 0.59 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an impressive 131.92% over the past year.
- MIKO shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 17.90%.
- Measured over the past years, MIKO shows a small growth in Revenue. The Revenue has been growing by 4.29% on average per year.
EPS 1Y (TTM)131.92%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%125.53%
Revenue 1Y (TTM)17.9%
Revenue growth 3Y23.72%
Revenue growth 5Y4.29%
Sales Q2Q%12.51%
3.2 Future
- Based on estimates for the next years, MIKO will show a very strong growth in Earnings Per Share. The EPS will grow by 28.50% on average per year.
- Based on estimates for the next years, MIKO will show a small growth in Revenue. The Revenue will grow by 4.14% on average per year.
EPS Next Y190.27%
EPS Next 2Y59.28%
EPS Next 3Y39.97%
EPS Next 5Y28.5%
Revenue Next Year9.75%
Revenue Next 2Y7.31%
Revenue Next 3Y6.54%
Revenue Next 5Y4.14%
3.3 Evolution
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 20.36, the valuation of MIKO can be described as rather expensive.
- MIKO's Price/Earnings ratio is in line with the industry average.
- MIKO is valuated rather cheaply when we compare the Price/Earnings ratio to 28.39, which is the current average of the S&P500 Index.
- MIKO is valuated reasonably with a Price/Forward Earnings ratio of 10.92.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of MIKO indicates a somewhat cheap valuation: MIKO is cheaper than 69.35% of the companies listed in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 25.72, MIKO is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.36 | ||
| Fwd PE | 10.92 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, MIKO is valued cheaper than 90.32% of the companies in the same industry.
- MIKO's Price/Free Cash Flow ratio is rather cheap when compared to the industry. MIKO is cheaper than 87.10% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.24 | ||
| EV/EBITDA | 4.16 |
4.3 Compensation for Growth
- The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- A more expensive valuation may be justified as MIKO's earnings are expected to grow with 39.97% in the coming years.
PEG (NY)0.11
PEG (5Y)N/A
EPS Next 2Y59.28%
EPS Next 3Y39.97%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 2.26%, MIKO has a reasonable but not impressive dividend return.
- Compared to an average industry Dividend Yield of 2.38, MIKO has a dividend in line with its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.82, MIKO pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.26% |
5.2 History
- The dividend of MIKO decreases each year by -1.59%.
Dividend Growth(5Y)-1.59%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
- 70.17% of the earnings are spent on dividend by MIKO. This is not a sustainable payout ratio.
DP70.17%
EPS Next 2Y59.28%
EPS Next 3Y39.97%
MIKO / MIKO.BR FAQ
What is the ChartMill fundamental rating of MIKO (MIKO.BR) stock?
ChartMill assigns a fundamental rating of 4 / 10 to MIKO.BR.
Can you provide the valuation status for MIKO?
ChartMill assigns a valuation rating of 7 / 10 to MIKO (MIKO.BR). This can be considered as Undervalued.
Can you provide the profitability details for MIKO?
MIKO (MIKO.BR) has a profitability rating of 4 / 10.
What is the valuation of MIKO based on its PE and PB ratios?
The Price/Earnings (PE) ratio for MIKO (MIKO.BR) is 20.36 and the Price/Book (PB) ratio is 0.57.
Can you provide the dividend sustainability for MIKO stock?
The dividend rating of MIKO (MIKO.BR) is 3 / 10 and the dividend payout ratio is 70.17%.