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Manz AG (MANZF) Fair Value & Analysis

Technology · US · Market cap $578K

MA Manz AG logo Manz AG MANZF · US
Price$0.0564
Fair Value$0.0528
Upside-6.4%
Quality46/100
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Weak Growth
Loss-making · -16.9% net margin
Low debt · negative free cash flow
Trails peers (1/8)
Narrow moat 16/100
Evidence: Low Range $0.0528 – $0.0706 Share as image

Fair value as of: Jul 29, 2026

From 6 valuation models · updated 12 days ago

Fair value updated Jul 29, 2026, revised from $0.0531 to $0.0528 (−0.5%) since Jun 26, 2026.

Below-average quality, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
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Price vs Fair Value (5 years)

$69.97 $0.0564 Fair Value $0.0528 Jul 2015 Jul 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 29, 2026.

How to read this chart

60‑month range $0.0564 – $69.97 · fair‑value band $0.0528 – $0.0706 · the $0.0564 price screens above the $0.0528 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 29, 2026.

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Analysis

Manz AG (MANZF) currently trades at $0.0564, while our model-based Fair Value estimate is $0.0528, implying the stock looks roughly 6.4% fairly valued today. The Quality Score stands at 46/100 (below-average quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).

Over the trailing twelve months, Manz AG generated revenue of $205M at a net margin of -16.9%. Revenue declined 30.7% year over year. It earns a return on equity of -39.2%. Net debt stands at $48.0M. Fundamentals as of Jul 29, 2026

Our scenario range runs from $0.0528 (bear case) to $0.0706 (bull case); at $0.0564, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Technology peers we cover trades at -75% fair-value upside, at -6%, MANZF screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
ROIC Compounder $0.0219 $0.0235 $0.0248 72
EPV $0.0219 $0.0235 $0.0248 59
EV/EBITDA $0.1040 $0.1357 $0.1673 54
All 6 models by family
Earnings-Based
EPV $0.0219 $0.0235 $0.0248 59
Multiples
EV/EBIT $0.0418 $0.0528 $0.0637 53
EV/EBITDA $0.1040 $0.1357 $0.1673 54
EV/Revenue $0.0312 $0.0406 $0.0501 43
Asset-Based
NCAV (Graham) $0.0310 $0.0416 $0.0621 50
Economic Profit
ROIC Compounder $0.0219 $0.0235 $0.0248 72

Widest divergence: Multiples ($0.0528) versus Earnings-Based ($0.0235). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

Revenue (TTM) $205M
Revenue growth (YoY) -30.7%
Net margin -16.9%
Return on equity -39.2%
Free cash flow −$52.7M FY2023
Operating margin -41.0%
More key figures
EPS (TTM) $-4.69
EPS growth (YoY) +505%
Net debt $48.0M FY2023

Figures from reported company fundamentals · as of Jul 29, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 46/100

Of which business quality 46 · Market factors (momentum, volatility) 22

Profitability 35
Margins and returns on capital today
Quality Growth 73
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 36
Balance sheet, leverage, solvency risk
Investment 82
Disciplined investing over empire-building
Low Volatility 32
Calm price path (market factor)
Momentum 29
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 42
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Manz AG, together with its subsidiaries, operates as a high-tech mechanical engineering company that provides production equipment in Germany, rest of Europe, the United States, Taiwan, China, rest of Asia, and internationally. The company operates in two segments: Mobility & Battery Solutions and Industry Solutions.

Full company description

Manz AG, together with its subsidiaries, operates as a high-tech mechanical engineering company that provides production equipment in Germany, rest of Europe, the United States, Taiwan, China, rest of Asia, and internationally. The company operates in two segments: Mobility & Battery Solutions and Industry Solutions. It provides lithium-ion battery cells, modules, and systems, as well as capacitors. The company offers production, assembly, and handling equipment for the manufacture of displays for flat screens, touch sensors, printed circuit boards, and chip carriers, as well as smartphones, tablet computers, notebooks, wearables, and other consumer electronics. In addition, it engages in the provision of contract manufacturing, simulation and factory planning, process and prototype development, customer training, and after-sales services; and solutions utilizing technologies comprising automation, inspection systems, laser processes, wet chemistry, and digital printing to the automotive and electromobility, electronics, energy, e-mobility, and battery production technology industries. The company was formerly known as Manz Automation AG and changed its name to Manz AG in June 2011. Manz AG was founded in 1987 and is headquartered in Reutlingen, Germany.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2019 – FY2023 · reported fiscal years

Manz AG reported revenue of $249M in FY2023 versus $264M in FY2019, a compound −1.5%/yr. Reported net income was −$2.4M in FY2023.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2023)
$249M
Latest YoY
−0.7%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+1.7%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−3.4%
Avg. growth/yr (18Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+12.6%
Revenue −1.5%/yr
FY19 $264M
FY20 $237M
FY21 $238M
FY22 $251M
FY23 $249M
Net income
FY19 −$11.2M
FY20 $3.4M
FY21 −$43.6M
FY22 −$12.1M
FY23 −$2.4M

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Cite: Fair Value Calculator (2026). "Manz AG Fair Value". https://www.fairvalue-calculator.com/stock/MANZF

Peer Group

Semiconductor Equipment & Materials · 212 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 46 · Below median
Fair Value upside −11% · Top 25%
Return on assets -8% · Bottom 25%
Net margin (TTM) -17% · Bottom 25%
Operating margin (TTM) -41% · Bottom 25%
Revenue growth -31% · Bottom 25%
Debt / equity 0.16× · Higher than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 18 · sector 0
FUTURE 0 · sector 58
PAST 0 · sector 30
HEALTH 92 · sector 96
DIVIDEND 0 · sector 16

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Semiconductor Equipment & Materials stocks, each showing price versus our Fair Value estimate (as of Jul 29, 2026).

Stock Price Fair Value vs Fair Value
ASML Holding ASML C$50.50 C$15.57 -69%
Applied Materials, Inc AMAT $579.43 $143.08 -75%
Lam Research Corporation LRCX $346.10 $67.57 -80%
KLA Corporation KLAC $212.75 $53.01 -75%
NAURA Technology Group 002371 ¥774.20 ¥151.43 -80%
Advanced Micro-Fabrication Equipment Inc 688012 ¥350.69 ¥41.79 -88%
Piotech Inc 688072 ¥832.00 ¥431.44 -48%
Hon. Precision, Inc 7769 6,005 TWD 1,804 TWD -70%
Hangzhou Changchuan Technology Co 300604 ¥325.24 ¥33.33 -90%
MPI Corporation 6223 5,600 TWD 609.44 TWD -89%

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Frequently asked questions

Is Manz AG (MANZF) overvalued or undervalued?
As of Jul 29, 2026, our model estimates a fair value of $0.0528 versus a price of $0.0564, about −6% (fairly valued).
What is the fair value of MANZF?
Our model-based fair value for Manz AG is $0.0528 (as of Jul 29, 2026), built from audited fundamentals. The current price is $0.0564.
What is the quality score of MANZF?
Manz AG has a Quality Score of 46/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Manz AG (MANZF)?
Manz AG reported trailing-twelve-month revenue of about $205M (latest available figure, as of Jul 29, 2026).
What is the net profit margin of MANZF?
The net profit margin of Manz AG is about -16.9%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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