<- Go home

Added to YB: 2024-04-29

Pitch date: 2024-04-26

MBH3.F [bullish]

Maschinenfabrik Berthold Hermle AG

-25.55%

current return

Author Info

Value and Opportunity focuses on slow investing, special situations & the occasional wild punts Sign up for their 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 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

Show full summary:
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)