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Added to YB: 2024-04-04

Pitch date: 2024-04-03

MBH3.F [neutral]

Maschinenfabrik Berthold Hermle AG

-24.37%

current return

Author Info

Slow Turtle is an investment manager who invests in moats, special sits, commodities, deep value, and all caps. Sign up for the newsletter.

Company Info

Maschinenfabrik Berthold Hermle AG manufactures and sells milling machines worldwide. The company provides a portfolio of machining center C product series use in space mouse, saw handle, milling tools, bone plate, soft ice cream, propeller, heavy-duty machining, steering knuckle, pipe die, engine housing, skiving/fir tree, pipe support, engine housing, power skiving, pelton wheel, sledge, fan module, spiral funnel, railway wheel, rocker box, die mould, downhill bike pedal, moulding plate, sailboat, model making, and connecting rod applications.

Market Cap

EUR 815.0M

Pitch Price

EUR 195.68

Price Target

N/A

Dividend

9.23%

EV/EBITDA

6.00

P/E

10.15

EV/Sales

1.32

Sector

Machinery

Category

N/A

Show full summary:
Hermle: A German Small-Cap High Quality Company

MBH3.F: Leading milling machine maker w/ 30K+ installed globally. Modular machines for high-tech industries. 18-20% op margins, 25% ROE, 80-90% FCF/EPS. Net cash 15% of market cap. Highly cyclical - revenues -30-40% in past recessions. 80% FCF paid as divs. Good biz at right price.

Read full article (3 min)