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MUM.DE$38.95+0.13%
Fair $38.95+0.0%

MUM.DE

Mensch und Maschine Software SE

Technology / Software - ApplicationXETRA

$38.95

+0.05 (+0.13%)

Fairly Valued+0.0%Fair Value $38.95Fund rank 35/100 · Data gapFallback financials|
SA 39/D
F-Score: 5/9

FCF base 3Y

n/d

n/d CAGR · yield n/d

FCF base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 24% · confianza 25%

FCF escenarios

weak_data · normalized FCF $44.2M · quality 70.7/100

Data gap 35/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 69/100Data QA 20/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

39/100

D

Piotroski

5/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 0unknown: 4
No SEC-backed annual rows; valuation uses fallback financial data. Insufficient audited annual history (<3 SEC-backed years); composite fair value and forward targets are disabled until manually verified.
Thesis & Journal · MUM.DELocal privado en este navegador · Mensch und Maschine Software SE
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$634M

P/E

20.4x

↓

EV/EBITDA

11.5x

↓

ROE

40.4%

↑

Gross Margin

76.2%

↑

Debt/Equity

0.63

↑
52-Week Range$39
$33$57

TradingView lightweight chart

MUM.DE price, volumen y niveles de valoración

Último $38.35Periodo +69.9%
Fair value: $38.95

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2022–2025 · 3 años de histórico normalizado

Revenue CAGR

-9.4%

FCF CAGR

-42.6%

FCF margin

2.6%

FCF / Net income

0.20x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $238.6M · net income $31.8M · FCF $6.3M

2022-FY → 2025-FY

Gross margin

76.2%+25.9% pts

Operating margin

20.5%+7.3% pts

Net margin

13.3%+5.2% pts

FCF margin

2.6%-7.8% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$238.6M$238.6M$325.8M$322.3M$320.5M
Net Income$31.8M$31.8M$30.5M$28.9M$26.0M
EBITDA$59.2M$59.2M$56.3M$55.7M$52.0M
EPS1.911.911.801.721.55
Gross Margin76.2%76.2%53.6%52.3%50.3%
Operating Margin20.5%20.5%14.2%14.4%13.2%
Net Margin13.3%13.3%9.4%9.0%8.1%
Balance Sheet
Debt/Equity0.630.630.190.210.48
Current Ratio0.880.88———
Cash Flow
Free Cash Flow$6.3M$6.3M$52.0M$44.2M$33.3M
Returns
ROE40.4%40.4%31.0%31.1%33.1%
Valuation
P/E20.3920.3929.7329.7529.30
EV/EBITDA11.5411.5415.6815.3014.91
P/B8.258.259.209.259.69
Growth & Yield
Revenue Growth-26.8%-26.8%1.1%0.6%—
EPS Growth5.9%5.9%4.8%10.9%—
Dividend Yield5.2%5.2%———

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%

3Y implied EPS CAGR

21.9%

exigente

EPS terminal req.

$3.46

Spread vs growth

-16.0%

5Y implied EPS CAGR

17.0%

exigente

EPS terminal req.

$4.18

Spread vs growth

-11.1%

10Y implied EPS CAGR

13.4%

razonable

EPS terminal req.

$6.74

Spread vs growth

-7.6%

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · 1Y approxreconcilia total -26.5%

Total return

-26.5%

Start / end P/E

31.2x → 20.1x

EPS bridge

1.80 → 1.91

Residual

-2.1%

EPS growth+5.9%
Multiple rerating-35.6%
Dividend+5.2%
Residual / FX / buybacks / cross-term-2.1%

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.