Added to YB: 2024-04-29
Pitch date: 2024-04-26
MBH3.F [bullish]
Maschinenfabrik Berthold Hermle AG
-25.55%
current return
Author Info
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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 197.44
Price Target
248.52 (+68%)
Dividend
9.23%
EV/EBITDA
6.00
P/E
10.15
EV/Sales
1.32
Sector
Machinery
Category
value
The German Mittelstand is maybe Down but not Out: Hermle AG - Hidden Automation Champion from the “Ländle”
MBH3.F: Niche 5-axis CNC machine maker w/ 20%+ EBIT margins, 30%+ ROCE at 7.7x EV/EBIT. Automation tailwind & flexible cost base offset cyclical risk. 7% div yield, 12-14% exp return + multiple expansion potential from 13x to historical 20x P/E. Starting 3% pos at €222, may add on weakness.
Read full article (3 min)