Download PDF

1. Company Snapshot

1.a. Company Description

Meyer Burger Technology AG, a technology company, produces and sells solar cells and modules primarily in Switzerland.It operates through Photovoltaics and Modules segments.The company offers its products based on proprietary Heterojunction/SmartWire technologies.


It also operates in Switzerland, Germany, rest of Europe, Asia, the United States, and internationally.The company has a strategic partnership with Oxford Photovoltaics Limited for the development of HJT-perovskite solar cells and modules based on perovskite tandem technology.Meyer Burger Technology AG was founded in 1953 and is headquartered in Thun, Switzerland.

Show Full description

1.b. Last Insights on MBTN

Meyer Burger Technology AG's recent performance was negatively impacted by the suspension of its solar plant in Colorado, citing financial unviability due to recent developments. The company's board of directors has requested a comprehensive restructuring and cost-cutting program, indicating a significant shift in its business strategy. Additionally, the departure of board member Mark Kerekes may signal a change in leadership and potentially affect the company's decision-making process.

1.c. Company Highlights

2. Transcript Summary

Unfortunately this company is not part of our coverage yet. But as part of your subscription plan you can request it by clicking just below and we'll process.

Request Coverage

3. NewsRoom

Card image cap

Inside Corning’s Bold Bid to Revive the U.S. Solar Industry

Nov -07

Source:

Card image cap

Solar panel maker Meyer Burger’s German subsidiaries file for insolvency

Jun -02

Source:

Card image cap

Meyer Burger closes US solar panel factory in Arizona

May -29

Source:

Card image cap

Swiss solar panel maker Meyer Burger cuts workers' hours at German site

Apr -23

Source:

Card image cap

Meyer Burger halts solar plant in Colorado, plans restructuring

Aug -26

Source:

Card image cap

Meyer Burger Technology Full Year 2023 Earnings: Misses Expectations

Mar -15

Source:

Card image cap

Meyer Burger Technology (VTX:MBTN investor five-year losses grow to 87% as the stock sheds CHF23m this past week

Mar -13

Source:

Card image cap

Some Analysts Just Cut Their Meyer Burger Technology AG (VTX:MBTN) Estimates

Jan -20

Source:

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (10.48%)

6. Segments

Modules

Expected Growth: 10.43%

Meyer Burger Technology AG's 10.43% growth is driven by increasing demand for high-efficiency solar cells, expansion into new markets, and strategic partnerships. The company's innovative module technology, such as its proprietary heterojunction cells, also contributes to its growth. Additionally, government incentives and declining production costs further boost the adoption of renewable energy, driving up demand for Meyer Burger's products.

Photovoltaics

Expected Growth: 11.3%

Meyer Burger Technology AG's 11.3% growth in Photovoltaics is driven by increasing global demand for renewable energy, declining production costs, and government incentives for solar adoption. Additionally, the company's innovative technology and expanding production capacity contribute to its growth momentum.

7. Detailed Products

Heterojunction Technology

Meyer Burger's Heterojunction (HJT) technology is a high-efficiency solar cell technology that enables the production of high-performance solar cells with improved efficiency and lower costs.

SmartWire Connection Technology

Meyer Burger's SmartWire Connection Technology is a patented wire-based connection technology for solar cells that enables higher efficiency and lower production costs.

MB PERC Cell Technology

Meyer Burger's MB PERC (Passivated Emitter and Rear Cell) technology is a high-efficiency solar cell technology that enables the production of high-performance solar cells with improved efficiency and lower costs.

Diamond Wire Slicing Technology

Meyer Burger's Diamond Wire Slicing Technology is a cutting-edge technology for slicing silicon wafers, enabling higher yields and lower production costs.

Solar Cell Inspection and Sorting Systems

Meyer Burger's Solar Cell Inspection and Sorting Systems are designed to inspect and sort solar cells according to their electrical and optical properties, enabling the production of high-quality solar modules.

8. Meyer Burger Technology AG's Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Meyer Burger Technology AG is medium due to the presence of alternative energy sources and energy storage solutions.

Bargaining Power Of Customers

The bargaining power of customers for Meyer Burger Technology AG is low due to the company's strong brand reputation and high-quality products.

Bargaining Power Of Suppliers

The bargaining power of suppliers for Meyer Burger Technology AG is medium due to the company's dependence on a few key suppliers for critical components.

Threat Of New Entrants

The threat of new entrants for Meyer Burger Technology AG is high due to the growing demand for renewable energy solutions and the increasing competition in the industry.

Intensity Of Rivalry

The intensity of rivalry for Meyer Burger Technology AG is high due to the competitive landscape of the renewable energy industry and the presence of established players.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 64.48%
Debt Cost 12.29%
Equity Weight 35.52%
Equity Cost 13.18%
WACC 12.61%
Leverage 181.55%

11. Quality Control: Meyer Burger Technology 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
VivoPower

A-Score: 5.1/10

Value: 10.0

Growth: 2.9

Quality: 7.5

Yield: 0.0

Momentum: 10.0

Volatility: 0.0

1-Year Total Return ->

View Full Report
Stock-Card
Soltec Power Holdings

A-Score: 4.0/10

Value: 9.8

Growth: 0.6

Quality: 4.1

Yield: 0.0

Momentum: 5.0

Volatility: 4.7

1-Year Total Return ->

View Full Report
Stock-Card
SMA Solar Technology

A-Score: 3.8/10

Value: 7.8

Growth: 2.8

Quality: 2.5

Yield: 1.9

Momentum: 8.0

Volatility: 0.0

1-Year Total Return ->

View Full Report
Stock-Card
SolarEdge Technologies

A-Score: 3.3/10

Value: 7.2

Growth: 0.7

Quality: 2.6

Yield: 0.0

Momentum: 9.5

Volatility: 0.0

1-Year Total Return ->

View Full Report
Stock-Card
Meyer Burger Technology

A-Score: 2.7/10

Value: 9.2

Growth: 4.4

Quality: 2.6

Yield: 0.0

Momentum: 0.0

Volatility: 0.0

1-Year Total Return ->

View Full Report
Stock-Card
EIDF

A-Score: 1.9/10

Value: 5.8

Growth: 3.2

Quality: 1.6

Yield: 0.0

Momentum: 0.0

Volatility: 0.7

1-Year Total Return ->

View Full Report

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

0.04$

Current Price

0.04$

Potential

-0.00%

Expected Cash-Flows