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1. Company Snapshot

1.a. Company Description

Josef Manner & Comp.AG manufactures and sells wafers, sugar-coated candies, and aerated confectionery products in Austria.It offers chocolate-coated wafers, biscuits, chocolates, ice cream cones, gingerbreads, cooking and baking products, breakfast products, and gifts.


The company provides its products under the Manner, Casali, Victor Schmidt, Ildefonso, Dragee Keksi, and Napoli brands through outlet stores, Manner shops, stores, and an online shop.It exports its products to approximately 50 European and non-European countries.The company was founded in 1890 and is based in Vienna, Austria.

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1.b. Last Insights on MAN

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1.c. Company Highlights

2. Transcript Summary

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4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (4.50%)

6. Segments

Confectionery

Expected Growth: 4.5%

Growing demand for premium and healthy confectionery products, increasing popularity of online shopping, and expansion into new markets drive Manner's growth. The company's commitment to sustainability and high-quality ingredients also contributes to its success.

7. Detailed Products

Manner Wafers

Crunchy wafers filled with hazelnut or chocolate cream, perfect for a sweet treat

Manner Schnitten

Delicate, crispy wafers filled with a variety of sweet and savory flavors

Manner Neapolitan Wafers

Thin, crispy wafers with a delicate flavor, perfect for pairing with ice cream or whipped cream

Manner Chocolate-Covered Wafers

Crunchy wafers smothered in rich, velvety chocolate

Manner Wafer Bars

Crunchy wafers filled with a variety of sweet and savory flavors, packaged in convenient bars

8. Josef Manner & Comp. AG's Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Josef Manner & Comp. AG is medium due to the presence of alternative products in the market, but the company's strong brand reputation and quality products reduce the likelihood of customers switching to substitutes.

Bargaining Power Of Customers

The bargaining power of customers is low for Josef Manner & Comp. AG due to the company's strong brand reputation and the lack of price sensitivity among its customer base.

Bargaining Power Of Suppliers

The bargaining power of suppliers is medium for Josef Manner & Comp. AG due to the presence of multiple suppliers in the market, but the company's strong relationships with its suppliers reduce the bargaining power.

Threat Of New Entrants

The threat of new entrants is low for Josef Manner & Comp. AG due to the high barriers to entry in the confectionery industry, including the need for significant capital investment and established distribution networks.

Intensity Of Rivalry

The intensity of rivalry is high for Josef Manner & Comp. AG due to the presence of several established competitors in the confectionery industry, leading to a highly competitive market.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 45.40%
Debt Cost 4.14%
Equity Weight 54.60%
Equity Cost 4.14%
WACC 4.14%
Leverage 83.15%

11. Quality Control: Josef Manner & Comp. AG passed 2 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Wawel

A-Score: 5.8/10

Value: 5.9

Growth: 4.6

Quality: 6.4

Yield: 3.1

Momentum: 6.5

Volatility: 8.3

1-Year Total Return ->

Stock-Card
Lindt & Sprüngli

A-Score: 5.6/10

Value: 4.2

Growth: 5.6

Quality: 6.5

Yield: 1.9

Momentum: 6.5

Volatility: 9.0

1-Year Total Return ->

Stock-Card
Manner

A-Score: 5.0/10

Value: 7.0

Growth: 6.7

Quality: 5.5

Yield: 2.5

Momentum: 2.0

Volatility: 6.3

1-Year Total Return ->

Stock-Card
Intercos

A-Score: 4.4/10

Value: 4.9

Growth: 7.2

Quality: 5.0

Yield: 1.9

Momentum: 1.0

Volatility: 6.7

1-Year Total Return ->

Stock-Card
ARYZTA

A-Score: 4.3/10

Value: 6.1

Growth: 5.7

Quality: 4.2

Yield: 0.0

Momentum: 4.0

Volatility: 6.0

1-Year Total Return ->

Stock-Card
Eurocash

A-Score: 4.0/10

Value: 9.0

Growth: 5.2

Quality: 2.0

Yield: 1.2

Momentum: 2.0

Volatility: 4.7

1-Year Total Return ->

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

104.0$

Current Price

104$

Potential

-0.00%

Expected Cash-Flows