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Mühlbauer Holding AG

Mühlbauer Holding AG

MUB.DE
Mühlbauer Holding AGDE flagDeutsche Börse
38.20
EUR
-0.20
- -
542.13MMarket Cap
Mühlbauer Holding AG
MUB.DE
(Deutsche Börse)

Recent

price

38.20

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
33.8
34.75
37.94
14.25
16.5
19.09
20.37
19.34
19.92
21.76
20.67
25.55
23.84
33.38
- -
35.39
35.74
Revenue per Share
4.94
3.59
-0.15
0.68
-0.29
2.54
2.71
1.87
3.07
3.12
2.43
4.13
-0.21
3.41
- -
1.74
1.78
Basic EPS, GAAP
3.62
1.31
2.57
2.06
0.67
3.37
2.81
1.31
2.88
1.29
3.14
0.92
0.19
-1.28
- -
1.51
5.35
Free Cash Flow per Basic Share
2.27
2.82
0.96
0.42
1
1
1.5
1.5
1.5
1.5
1.5
1.5
1.5
1
- -
1.5
1.07
Dividend per Share
15.74
16.23
9.53
5.2
3.91
5.45
6.66
6.61
8.04
9.59
10.46
12.98
11.13
13.56
- -
13.61
13.04
Book Value per Share
24.37
24.99
22.69
9.39
8.28
9.92
11.01
10.89
12.44
14.06
14.67
17.44
15.55
17.87
- -
18
21.85
Tangible Book Value per Share
6
6
6
15
15
15
15
14
14
14
14
14
14
14
- -
14
6
Basic Weighted Avg Shares
207
213
244
207
240
278
297
280
286
312
295
364
339
474
532
502
219
Sales/Revenue/Turnover
18.43
13.13
7.93
7.02
12.46
16.14
17.14
17.07
20.38
23.46
17.7
22.33
3.05
16.35
5.3
14.31
5.98
Operating Margin (%)
11
16
18
19
18
16
16
15
12
13
14
16
25
28
31
25
21
Depreciation Expense
30
22
-1
10
-4
37
39
27
44
45
35
59
-3
48
12
25
11
Net Income, GAAP
21.57
22.6
22.45
23.96
- -
17
18.07
35.48
21.54
32.29
19.83
23.59
135.28
28.17
29.01
52.57
6.28
Effective Tax Rate (%)
14.62
10.32
-0.39
4.79
-1.77
13.31
13.31
9.66
15.43
14.32
11.74
16.17
-0.89
10.22
2.17
4.92
4.97
Profit Margin (%)
76
82
67
52
74
96
126
118
145
167
167
173
141
147
164
199
49
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
157
160
148
138
122
145
162
159
180
202
211
250
224
255
257
256
140
Total Equity
19.99
13.39
9.59
7.61
- -
27.48
26.63
18.6
25.88
24.96
19.56
25.87
-1.44
21.72
7.57
13.13
8.37
Return on Invested Capital (%)
34.54
22.75
-1.03
14.83
- -
54.48
45.03
28.82
42.12
35.78
24.7
35.3
-1.88
27.9
6.23
13.13
13.59
Return on Capital (%)
34.29
22.44
-1.19
14.53
-6.41
54.32
44.78
28.07
41.78
35.3
24.16
35.23
-1.76
27.61
6.04
12.89
12.97
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'12
Mar'13
Jun'13
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
6
6
6
Market Capitalization
123
138
116

Working Capital

FRC

•

in mil. unless spec.
Dec'12
Mar'13
Jun'13
Total Current Assets
134
123
122
Cash, Cash Equivalents & STI
15
17
12
Accounts Receivable, Net
58
44
51
Inventories
44
48
47
Total Current Liabilities
67
56
73
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.19%
4.48%
-0.24%
Free Cash Flow
-108.26%
-243.83%
-26.17%
Net Income, GAAP
-168.56%
-340.55%
113.92%
Sales/Revenue/Turnover
6.98%
12.57%
-5.62%
Total Cash Common Dividend
- -
- -
50%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
474
2024
- -
- -
- -
- -
532
2025
- -
- -
- -
- -
502

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
3.41
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
1.74

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
1
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
1.5
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Business
Mühlbauer Holding AG engages in the development, production, and personalization of high-tech machinery and automation systems primarily for smart cards, ePassports, RFID labels, and semiconductor backend technologies. The company offers a comprehensive portfolio including parts and systems for security-sensitive industries such as aerospace and medical technology, semiconductor-related products like die sorting and carrier tapes, and flexible solar and electronic solutions. Its core products encompass machinery and systems for document solutions and equipment, high-precision components, automation for semiconductor backend, RFID/smart label production, and intelligent software solutions for production automation under Industry 4.0 frameworks. Mühlbauer operates globally with technology centers in Germany, Malaysia, Slovakia, the U.S., and Serbia, supported by around 35 sales and service locations worldwide. Founded in 1981 and headquartered in Roding, Germany, the company positions itself as the only one-stop-shop technology partner for the production and personalization of cards, passports, and RFID applications. Recent significant developments include strategic expansion into adjacent markets such as healthcare technology, demonstrated by patents in dental materials and stereolithography for dental parts, and an acquisition of Focus Automation's intellectual property to strengthen its presence in the smart building solutions sector. These moves signal a diversification toward higher-margin industries beyond its traditional market segments. Despite a 12.5% revenue growth to approximately €522 million in 2024, Mühlbauer reported a notable decline in net income due to sector challenges, emphasizing the importance of its financial strength with a zero debt balance and a €50 million EBITDA cushion to maintain resilience. The company continues to innovate with new software solutions like MB PALAMAX® for production performance improvement and extends its automation capabilities across various growth sectors, maintaining a strong technological leadership position worldwide. Mühlbauer Holding AG's business segments include Parts & Systems, Semiconductor Related Products, Document Solutions & Equipment for secure identification and personalization, and cutting-edge technologies for electromobility and flexible solar applications. Its target markets span government agencies for secure ID production, semiconductor manufacturing industries, e-mobility sectors, and global industries requiring smart card and RFID technology solutions. The company remains family-owned and owner-managed, upholding a strategic focus on delivering end-to-end turnkey solutions and software support across its product and service offerings.