-0.97%
-14.96%
3.93%
15.92%
22.48%
147.66%
226.87%
AI Spotlight on MYCR
Company Description
Mycronic AB (publ), together with its subsidiaries, develops, manufactures, and sells production equipment for electronics industry in Sweden, rest of Europe, the United States, other Americas, China, South Korea, rest of Asia, and internationally.The company operates through four segments: Pattern Generators, High Flex, High Volume, and Global Technologies.The Pattern Generators segment develops, manufactures, and markets mask writers and measuring machines for production of advanced photomasks for manufacturing of screens for TVs, cars, mobile phones, tablets, and computers, as well as the semiconductor components.
The High Flex segment develops, manufactures, and markets surface mount technology (SMT) and inspection equipment for flexible printed circuit board (PCBs) assembly.This segment offers MYPro Line, which integrates advanced jet printing and dispensing, pick-and-place, advanced process control solutions, and 3D inspection systems; MYTower material handling systems; and MYSmart dispensing and coating solutions.The High Volume segment develops, manufactures, and markets equipment for dispensing and conformal coating of circuit boards for manufacturers of mobile phones, tablets, computers, and electronics for electric vehicles, as well as automated screen printers.
The Global Technologies segment offers die-bonding services for microelectronics and optoelectronic applications; advanced electrical measurement of bare board PCBs and substrates; flying probe test system, an automated electrical measurement system for low to mid quantities and complex boards; and grid test systems for volume bare board verification.It sells its products through agents and distributors.The company serves industrial, aerospace, defense, automotive, energy, medical, and telecom sectors.
The company was formerly known as Micronic Mydata AB (publ) and changed its name to Mycronic AB (publ) in June 2014.Mycronic AB (publ) is headquartered in Täby, Sweden.
Market Data
| Last Price | 428.2 |
| Change Percentage | -0.97% |
| Open | 428 |
| Previous Close | 432.4 |
| Market Cap ( Millions) | 41791 |
| Volume | 187988 |
| Year High | 507.5 |
| Year Low | 329 |
| M A 50 | 445.64 |
| M A 200 | 407.69 |
Financial Ratios
| FCF Yield | 4.32% |
| Dividend Yield | 1.05% |
| ROE | 28.09% |
| Debt / Equity | 0.00% |
| Net Debt / EBIDTA | -144.00% |
| Price To Book | 6.4 |
| Price Earnings Ratio | 24.83 |
| Price To FCF | 23.15 |
| Price To sales | 5.92 |
| EV / EBITDA | 18.53 |
News
- Feb -26 - Exploring Three High Growth Tech Stocks For Potential Portfolio Strength
- Oct -09 - Mycronic AB (STU:MLT) Q2 2024 Earnings Call Highlights: Strong Growth in Pattern Generators ...
- Jun -01 - Mycronic receives order for an SLX mask writer
- May -17 - Mycronic receives order for a Prexision 8 Evo and a Prexision Lite 8 Evo
- May -09 - Communiqué from the Annual General Meeting and statutory meeting of the Board of Directors of Mycronic AB (publ)
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Pattern Generators
Expected Growth : 8.5 %
What the company do ?
Pattern Generators from Mycronic AB (publ) are high-precision systems that create complex patterns on printed circuit boards for electronics manufacturing.
Why we expect these perspectives ?
Mycronic AB's Pattern Generators segment growth of 8.5% is driven by increasing demand for high-precision printed circuit boards, adoption of Industry 4.0 and IoT technologies, and growing need for advanced semiconductor manufacturing. Additionally, the company's strategic investments in R&D, expansion into new markets, and strong customer relationships contribute to its growth momentum.
Segment n°2 -> High Flex
Expected Growth : 8.5 %
What the company do ?
High Flex is a high-precision, flexible assembly system from Mycronic AB (publ) for complex electronics manufacturing.
Why we expect these perspectives ?
High Flex from Mycronic AB (publ) achieves 8.5% growth driven by increasing demand for high-precision dispensing solutions in the electronics industry, coupled with the company's strategic expansion into emerging markets, innovative product offerings, and operational efficiency improvements.
Segment n°3 -> High Volume
Expected Growth : 8.5 %
What the company do ?
High Volume from Mycronic AB (publ) refers to the company's high-capacity production of electronic and industrial products, enabling efficient manufacturing processes.
Why we expect these perspectives ?
Mycronic AB's high volume with 8.5% growth is driven by increasing demand for its high-precision dispensing systems in the electronics industry, coupled with its expanding presence in the Asian market. Additionally, the company's strategic acquisitions and investments in research and development have enhanced its product offerings, contributing to its rapid growth.
Segment n°4 -> Global Technologies
Expected Growth : 7.4 %
What the company do ?
Global Technologies from Mycronic AB (publ) is a Swedish company that develops and manufactures production equipment for the electronics industry.
Why we expect these perspectives ?
Mycronic AB's Global Technologies segment growth of 7.4% is driven by increasing demand for high-precision dispensing and conformal coating solutions in the electronics industry, particularly in Asia. Strong sales of MY500 and MY600 mask writers, as well as growing demand for advanced packaging and 5G-related applications, also contribute to the segment's growth.
Mycronic Ab (Publ) Products
| Product Range | What is it ? |
|---|---|
| MY500 | A high-precision, high-volume assembly system for advanced packaging, including flip chip, chip scale packaging, and wafer-level packaging. |
| MY600 | A high-volume, high-precision assembly system for advanced packaging, including flip chip, chip scale packaging, and wafer-level packaging. |
| SY50 | A high-precision, high-volume assembly system for advanced packaging, including flip chip, chip scale packaging, and wafer-level packaging. |
| MJP50 | A high-precision, high-volume jet printing system for advanced packaging, including flip chip, chip scale packaging, and wafer-level packaging. |
| SPI | A high-precision, high-volume surface mount technology (SMT) system for advanced packaging, including flip chip, chip scale packaging, and wafer-level packaging. |
| AOI | An automated optical inspection system for detecting defects and ensuring quality in advanced packaging, including flip chip, chip scale packaging, and wafer-level packaging. |
Mycronic AB (publ)'s Porter Forces
Threat Of Substitutes
Mycronic AB (publ) operates in the semiconductor industry, where substitutes are limited. However, the company's products are not entirely unique, and customers may find alternative solutions from competitors.
Bargaining Power Of Customers
Mycronic AB (publ) has a diverse customer base, which reduces the bargaining power of individual customers. Additionally, the company's products are specialized, making it difficult for customers to switch to alternative suppliers.
Bargaining Power Of Suppliers
Mycronic AB (publ) relies on a few key suppliers for critical components. While the company has some bargaining power due to its size, suppliers may still exert some pressure on prices and delivery terms.
Threat Of New Entrants
The semiconductor industry has high barriers to entry, including significant capital expenditures and technological expertise. New entrants would face significant challenges in competing with established players like Mycronic AB (publ).
Intensity Of Rivalry
The semiconductor industry is highly competitive, with several established players competing for market share. Mycronic AB (publ) faces intense competition from companies like ASML Holding, Applied Materials, and KLA-Tencor.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 4.17% |
| Debt Cost | 3.95% |
| Equity Weight | 95.83% |
| Equity Cost | 10.49% |
| WACC | 10.22% |
| Leverage | 4.35% |
Mycronic AB (publ) : Quality Control
Mycronic AB (publ) passed 7 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| IMI.L | IMI plc, a specialist engineering company, designs, manufactures, and services engineered products worldwide. The company operates through three divisions: IMI Precision Engineering, IMI Critical Engineering, and IMI Hydronic Engineering. The … |
| FDR.MC | Fluidra, S.A., together with its subsidiaries, manufactures and markets accessories and machineries for swimming pools, irrigation, and water treatment and purification for private and public customers worldwide. The company manufactures … |
| VALMT.HE | Valmet Oyj develops and supplies process technologies, automation, and services for the pulp, paper, and energy industries. The company offers solutions and services for the pulping industry, including chemical pulping, … |
| SMIN.L | Smiths Group plc operates as a technology company serving the medical technology, security and defense, general industrial, energy, and space and aerospace markets worldwide. It operates through John Crane, Smiths … |
| G1A.DE | GEA Group Aktiengesellschaft engages in the development and production of systems and components for the food processing industry worldwide. The company operates through five divisions: Separation & Flow Technologies, Liquid … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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GEA
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Fluidra
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Mycronic
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