Mühlbauer Holding AG
Mühlbauer Holding AG engages in the production and personalization of smart cards, ePassports, solar cells, and RFID solutions in Germany, rest of Europe, Asia, the United States, Africa, and internationally. The company offers ID cards for governments, driver's licenses and vehicle registration cards, banking cards for secure transactions, gift and loyalty cards in high-volumes, health cards, an… Read more
Mühlbauer Holding AG (MUB) - Net Assets
Latest net assets as of June 2025: €258.85 Million EUR
Based on the latest financial reports, Mühlbauer Holding AG (MUB) has net assets worth €258.85 Million EUR as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€574.28 Million) and total liabilities (€315.43 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €258.85 Million |
| % of Total Assets | 45.07% |
| Annual Growth Rate | 4.46% |
| 5-Year Change | 21.71% |
| 10-Year Change | 76.74% |
| Growth Volatility | 9.63 |
Mühlbauer Holding AG - Net Assets Trend (2002–2024)
This chart illustrates how Mühlbauer Holding AG's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Mühlbauer Holding AG (2002–2024)
The table below shows the annual net assets of Mühlbauer Holding AG from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €256.65 Million | +0.58% |
| 2023-12-31 | €255.18 Million | +13.89% |
| 2022-12-31 | €224.06 Million | -10.37% |
| 2021-12-31 | €249.99 Million | +18.55% |
| 2020-12-31 | €210.88 Million | +4.28% |
| 2019-12-31 | €202.22 Million | +12.46% |
| 2018-12-31 | €179.80 Million | +12.88% |
| 2017-12-31 | €159.29 Million | -1.85% |
| 2016-12-31 | €162.29 Million | +11.76% |
| 2015-12-31 | €145.21 Million | +19.44% |
| 2014-12-31 | €121.58 Million | -11.88% |
| 2013-12-31 | €137.97 Million | -12.82% |
| 2012-12-31 | €158.26 Million | -1.30% |
| 2011-12-31 | €160.34 Million | +2.26% |
| 2010-12-31 | €156.80 Million | +14.34% |
| 2009-12-31 | €137.13 Million | -5.41% |
| 2008-12-31 | €144.97 Million | +2.28% |
| 2007-12-31 | €141.74 Million | +1.03% |
| 2006-12-31 | €140.30 Million | +12.11% |
| 2005-12-31 | €125.15 Million | +16.65% |
| 2004-12-31 | €107.28 Million | +9.54% |
| 2003-12-31 | €97.93 Million | -0.32% |
| 2002-12-31 | €98.25 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mühlbauer Holding AG's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 389.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €170.99 Million | 66.62% |
| Common Stock | €18.81 Million | 7.33% |
| Other Comprehensive Income | €4.43 Million | 1.72% |
| Other Components | €62.42 Million | 24.32% |
| Total Equity | €256.65 Million | 100.00% |
Mühlbauer Holding AG Competitors by Market Cap
The table below lists competitors of Mühlbauer Holding AG ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MOBA Network publ AB
ST:MOBA
|
$349.68K |
|
Oceansix Future Paths Ltd.
V:OSIX
|
$349.78K |
|
Great Quest Fertilizer Ltd
PINK:GQMLF
|
$350.01K |
|
APERAM REG. (7AA.SG)
STU:7AA
|
$350.09K |
|
Asep Medical Holdings Inc
PINK:SEPSF
|
$349.07K |
|
Avio SpA
STU:2ZP
|
$348.99K |
|
OSX Brasil S.A
SA:OSXB3
|
$348.98K |
|
American Helium Inc
PINK:AHELF
|
$348.82K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mühlbauer Holding AG's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 255,179,549 to 256,650,000, a change of 1,470,451 (0.6%).
- Net income of 11,541,000 contributed positively to equity growth.
- Dividend payments of 14,192,000 reduced retained earnings.
- Other comprehensive income increased equity by 4,120,915.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €11.54 Million | +4.5% |
| Dividends Paid | €14.19 Million | -5.53% |
| Other Comprehensive Income | €4.12 Million | +1.61% |
| Other Changes | €536.00 | +0.0% |
| Total Change | €- | 0.58% |
Book Value vs Market Value Analysis
This analysis compares Mühlbauer Holding AG's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.06x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.35x to 2.06x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | €15.83 | €37.20 | x |
| 2003-12-31 | €16.06 | €37.20 | x |
| 2004-12-31 | €17.68 | €37.20 | x |
| 2005-12-31 | €20.61 | €37.20 | x |
| 2006-12-31 | €22.34 | €37.20 | x |
| 2007-12-31 | €23.22 | €37.20 | x |
| 2008-12-31 | €23.69 | €37.20 | x |
| 2009-12-31 | €22.38 | €37.20 | x |
| 2010-12-31 | €25.57 | €37.20 | x |
| 2011-12-31 | €26.13 | €37.20 | x |
| 2012-12-31 | €24.63 | €37.20 | x |
| 2013-12-31 | €9.48 | €37.20 | x |
| 2014-12-31 | €8.35 | €37.20 | x |
| 2015-12-31 | €9.97 | €37.20 | x |
| 2016-12-31 | €11.14 | €37.20 | x |
| 2017-12-31 | €10.99 | €37.20 | x |
| 2018-12-31 | €12.51 | €37.20 | x |
| 2019-12-31 | €14.12 | €37.20 | x |
| 2020-12-31 | €14.76 | €37.20 | x |
| 2021-12-31 | €17.53 | €37.20 | x |
| 2022-12-31 | €15.71 | €37.20 | x |
| 2023-12-31 | €17.98 | €37.20 | x |
| 2024-12-31 | €18.08 | €37.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mühlbauer Holding AG utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.50%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.17%
- • Asset Turnover: 0.90x
- • Equity Multiplier: 2.29x
- Recent ROE (4.50%) is below the historical average (13.73%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 3.57% | 3.84% | 0.71x | 1.32x | €-6.32 Million |
| 2003 | 6.65% | 6.84% | 0.76x | 1.28x | €-3.28 Million |
| 2004 | 15.79% | 13.21% | 0.86x | 1.39x | €6.21 Million |
| 2005 | 18.39% | 15.56% | 0.90x | 1.31x | €10.51 Million |
| 2006 | 19.76% | 17.26% | 0.92x | 1.25x | €13.70 Million |
| 2007 | 13.48% | 12.01% | 0.91x | 1.23x | €4.94 Million |
| 2008 | 12.61% | 10.59% | 0.92x | 1.29x | €3.78 Million |
| 2009 | 5.36% | 4.58% | 0.91x | 1.28x | €-6.37 Million |
| 2010 | 19.32% | 14.62% | 0.97x | 1.36x | €14.61 Million |
| 2011 | 13.70% | 10.30% | 0.91x | 1.47x | €5.93 Million |
| 2012 | 7.88% | 5.25% | 1.01x | 1.49x | €-3.35 Million |
| 2013 | 7.21% | 4.81% | 0.89x | 1.68x | €-3.85 Million |
| 2014 | -3.49% | -1.79% | 0.92x | 2.13x | €-16.41 Million |
| 2015 | 25.47% | 13.35% | 0.96x | 1.98x | €22.47 Million |
| 2016 | 24.33% | 13.36% | 1.12x | 1.63x | €23.25 Million |
| 2017 | 16.99% | 9.68% | 1.08x | 1.63x | €11.14 Million |
| 2018 | 24.56% | 15.47% | 0.99x | 1.60x | €26.18 Million |
| 2019 | 22.08% | 14.32% | 0.88x | 1.75x | €24.43 Million |
| 2020 | 16.43% | 11.75% | 0.78x | 1.80x | €13.57 Million |
| 2021 | 23.57% | 17.18% | 0.76x | 1.81x | €33.93 Million |
| 2022 | -1.35% | -0.93% | 0.60x | 2.42x | €-25.42 Million |
| 2023 | 18.97% | 10.42% | 0.75x | 2.43x | €22.89 Million |
| 2024 | 4.50% | 2.17% | 0.90x | 2.29x | €-14.12 Million |
Industry Comparison
This section compares Mühlbauer Holding AG's net assets metrics with peer companies in the Computer Hardware industry.
Industry Context
- Industry: Computer Hardware
- Average net assets among peers: $-148,590,613
- Average return on equity (ROE) among peers: 1.77%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mühlbauer Holding AG (MUB) | €258.85 Million | 3.57% | 1.22x | $349.35K |
| DELL TECHS INC. C DL-01 (12DA) | $-2.31 Billion | 0.00% | 0.00x | $42.55 Billion |
| Tobii AB (publ) (24T) | $556.40 Million | -24.12% | 1.97x | $34.18 Million |
| Logic Instrument S.A. (90I) | $4.54 Million | 0.52% | 0.64x | $19.60K |
| Asetek A/S (A31) | $42.75 Million | -10.12% | 0.84x | $64.26 Million |
| Cherry AG (C3RY) | $251.83 Million | -14.19% | 0.51x | $6.97 Million |
| Hyrican Informationssysteme Aktiengesellschaft (HYI) | $28.21 Million | -0.68% | 0.32x | $18.67 Million |
| ParTec AG (JY0) | $22.50 Million | 63.40% | 0.89x | $155.00K |
| Olidata S.p.A. (OL40) | $-7.20 Million | 0.00% | 0.00x | $8.66 Million |
| PINE Technology Holdings Limited (PNY) | $72.66 Million | 1.11% | 0.64x | $17.92 Million |