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Midsummer AB
STO:MIDS

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Midsummer AB
STO:MIDS
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Price: 1.21 SEK 10% Market Closed
Market Cap: kr627.2m

EV/IC

2.2
Current
7%
Cheaper
vs 3-y average of 2.3

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
2.2
=
Enterprise Value
kr667.5m
/
Invested Capital
kr368.8m

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
2.2
=
Enterprise Value
kr667.5m
/
Invested Capital
kr368.8m

Valuation Scenarios

Midsummer AB is trading below its 3-year average

If EV/IC returns to its 3-Year Average (2.3), the stock would be worth kr1.3 (8% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-65%
Maximum Upside
+47%
Average Downside
13%
Scenario EV/IC Value Implied Price Upside/Downside
Current Multiple 2.2 kr1.21
0%
3-Year Average 2.3 kr1.3
+8%
5-Year Average 3.2 kr1.78
+47%
Industry Average 0.8 kr0.42
-65%
Country Average 1.2 kr0.7
-42%

Forward EV/IC
Today’s price vs future invested capital

Not enough data available to calculate forward EV/IC

Peer Comparison

All Multiples
EV/IC
P/E
All Countries
Close

Market Distribution

Higher than 71% of companies in Sweden
Percentile
71th
Based on 1 391 companies
71th percentile
2.2
Low
0 — 0.8
Typical Range
0.8 — 2.1
High
2.1 —
Distribution Statistics
Sweden
Min 0
30th Percentile 0.8
Median 1.2
70th Percentile 2.1
Max 14 155.2

Midsummer AB
Glance View

Market Cap
627.2m SEK
Industry
Semiconductors

Midsummer AB engages in the manufacture and supply of solar energy technology solutions for the production and installation of thin film solar panels. The company is headquartered in Jarfalla, Stockholm and currently employs 114 full-time employees. The company went IPO on 2018-06-21. The Company’s technology enables to manufacture customized lightweight flexible solar panels, which can be attached onto any type of surface. Applications comprise floating modules, vehicles, landfills, portable power generation and membrane roofs on factories, offices and other structures that are not strong enough for traditional glass modules. Products consist of the DUO, mass production deposition equipment, as well as the UNO, a research and development (R&D) tool, which is made in different configurations. Process improvements in R&D are directly transferable to the DUO production tools.

MIDS Intrinsic Value
1.76 SEK
Undervaluation 31%
Intrinsic Value
Price kr1.21
M
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