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Minesto

DB:7MN
Snowflake Description

Adequate balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
7MN
DB
SEK1B
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Minesto AB (publ) operates as a marine energy technology developer in Sweden, Wales, Northern Ireland, and Taiwan. The last earnings update was 13 days ago. More info.


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  • Minesto has significant price volatility in the past 3 months.
7MN Share Price and Events
7 Day Returns
6.5%
DB:7MN
9.2%
DE Electrical
9.9%
DE Market
1 Year Returns
-3.8%
DB:7MN
-8.2%
DE Electrical
-17.5%
DE Market
7MN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Minesto (7MN) 6.5% -34.7% -33.6% -3.8% 33.8% -
DE Electrical 9.2% -20.6% -35.2% -8.2% -43.7% -44.1%
DE Market 9.9% -16.6% -24.8% -17.5% -24.5% -28.1%
1 Year Return vs Industry and Market
  • 7MN outperformed the Electrical industry which returned -8.2% over the past year.
  • 7MN outperformed the Market in Germany which returned -17.5% over the past year.
Price Volatility
7MN
Industry
5yr Volatility vs Market

Value

 Is Minesto undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Minesto. This is due to cash flow or dividend data being unavailable. The share price is €0.946.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Minesto's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Minesto's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:7MN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in SEK SEK-0.92
OM:MINEST Share Price ** OM (2020-03-31) in SEK SEK10.9
Germany Electrical Industry PE Ratio Median Figure of 6 Publicly-Listed Electrical Companies 22.57x
Germany Market PE Ratio Median Figure of 399 Publicly-Listed Companies 16.31x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Minesto.

DB:7MN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OM:MINEST Share Price ÷ EPS (both in SEK)

= 10.9 ÷ -0.92

-11.9x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Minesto is loss making, we can't compare its value to the DE Electrical industry average.
  • Minesto is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Minesto's expected growth come at a high price?
Raw Data
DB:7MN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -11.9x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Germany Electrical Industry PEG Ratio Median Figure of 5 Publicly-Listed Electrical Companies 1x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Minesto, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Minesto's assets?
Raw Data
DB:7MN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in SEK SEK3.34
OM:MINEST Share Price * OM (2020-03-31) in SEK SEK10.9
Germany Electrical Industry PB Ratio Median Figure of 14 Publicly-Listed Electrical Companies 1.69x
Germany Market PB Ratio Median Figure of 571 Publicly-Listed Companies 1.43x
DB:7MN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OM:MINEST Share Price ÷ Book Value per Share (both in SEK)

= 10.9 ÷ 3.34

3.27x

* Primary Listing of Minesto.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Minesto is overvalued based on assets compared to the DE Electrical industry average.
X
Value checks
We assess Minesto's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electrical industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electrical industry average (and greater than 0)? (1 check)
  5. Minesto has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Minesto expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Minesto has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
69.2%
Expected Electrical industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Minesto expected to grow at an attractive rate?
  • Unable to compare Minesto's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Minesto's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Minesto's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:7MN Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Electrical Industry Earnings Growth Rate Market Cap Weighted Average 69.2%
Germany Electrical Industry Revenue Growth Rate Market Cap Weighted Average 12.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:7MN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:7MN Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-12-31 36 -99 -100
2019-09-30 36 -52 -57
2019-06-30 36 -5 -14
2019-03-31 35 -19 -13
2018-12-31 35 -34 -11
2018-09-30 33 -36 -10
2018-06-30 32 -36 -8
2018-03-31 33 -29 -8
2017-12-31 33 -21 -8
2017-09-30 34 -38 -8
2017-06-30 33 -28 -10
2017-03-31 30 -28 -11

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Minesto is high growth as no earnings estimate data is available.
  • Unable to determine if Minesto is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:7MN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Minesto Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:7MN Past Financials Data
Date (Data in SEK Millions) EPS *
2019-12-31 -0.92
2019-09-30 -0.54
2019-06-30 -0.14
2019-03-31 -0.13
2018-12-31 -0.12
2018-09-30 -0.10
2018-06-30 -0.10
2018-03-31 -0.10
2017-12-31 -0.11
2017-09-30 -0.12
2017-06-30 -0.15
2017-03-31 -0.18

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Minesto will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Minesto's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Minesto's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Capital Goods companies here
  3. Minesto's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Minesto's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Minesto has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Minesto performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Minesto's growth in the last year to its industry (Electrical).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Minesto does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Minesto's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Minesto's 1-year growth to the DE Electrical industry average as it is not currently profitable.
Earnings and Revenue History
Minesto's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Minesto Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:7MN Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 35.75 -99.96 59.05
2019-09-30 35.81 -57.23 56.47
2019-06-30 35.88 -14.50 53.90
2019-03-31 35.21 -12.75 52.34
2018-12-31 34.55 -11.00 50.78
2018-09-30 33.12 -10.08 51.15
2018-06-30 31.65 -7.91 49.93
2018-03-31 32.54 -7.89 49.03
2017-12-31 33.43 -7.87 48.13
2017-09-30 34.37 -7.99 37.96
2017-06-30 32.98 -9.60 47.34
2017-03-31 30.31 -11.26 45.83
2016-12-31 27.65 -12.93 44.32
2016-09-30 22.83 -14.52 36.31
2016-06-30 20.36 -15.89 31.43
2016-03-31 17.75 -15.70 28.66
2015-12-31 15.15 -15.51 25.90
2015-09-30 14.11 -13.94 25.13
2015-06-30 13.07 -12.36 24.36
2015-03-31 12.39 -10.78 21.84
2014-12-31 11.71 -9.19 19.32
2013-12-31 9.82 -10.95 17.95

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Minesto has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Minesto has efficiently used its assets last year compared to the DE Electrical industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Minesto improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Minesto's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electrical industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Minesto has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Minesto's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Minesto's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Minesto is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Minesto's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Minesto's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 391.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Minesto Company Filings, last reported 3 months ago.

DB:7MN Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 398.70 0.50 53.99
2019-09-30 398.70 0.50 53.99
2019-06-30 340.24 0.50 30.44
2019-03-31 340.24 0.50 30.44
2018-12-31 304.22 0.50 2.91
2018-09-30 304.22 0.50 2.91
2018-06-30 310.57 0.50 31.95
2018-03-31 310.57 0.50 31.95
2017-12-31 251.48 0.50 46.87
2017-09-30 253.85 0.50 62.12
2017-06-30 254.41 0.50 79.86
2017-03-31 254.41 0.50 79.86
2016-12-31 185.29 0.50 45.63
2016-09-30
2016-06-30 184.50 0.50 55.31
2016-03-31 184.50 0.50 55.31
2015-12-31 198.22 0.50 81.17
2015-09-30 198.22 0.50 81.17
2015-06-30 74.21 0.50 2.37
2015-03-31 74.21 0.50 2.37
2014-12-31 80.62 0.50 0.84
2013-12-31 65.58 0.50 1.13
  • Minesto's level of debt (0.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (0.6% vs 0.1% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Minesto has less than a year of cash runway based on current free cash flow.
  • Minesto has less than a year of cash runway if free cash flow continues to grow at historical rates of 22.5% each year.
X
Financial health checks
We assess Minesto's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Minesto has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Minesto's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Minesto dividends.
If you bought €2,000 of Minesto shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Minesto's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Minesto's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:7MN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Germany Electrical Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Minesto has not reported any payouts.
  • Unable to verify if Minesto's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Minesto's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Minesto has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Minesto's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Minesto afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Minesto has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Minesto's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Martin Edlund
COMPENSATION SEK1,755,156
TENURE AS CEO 4.1 years
CEO Bio

Dr. Martin Edlund, PhD, has been the Chief Executive Officer of Minesto AB since February 14, 2016. Mr. Edlund is the Founder and Chief Executive Officer of Kebbison Innovation and is involved in venture creation activities and innovation management as the owner or consultant in multiple contexts. He served as an Executive Chairman of Minesto AB until February 14, 2016 and serves as its Director since 2008. He serves as a Director of Communications at Malaria No More. He serves as a Director of Arterion AB.

CEO Compensation
  • Martin's compensation has increased whilst company is loss making.
  • Martin's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the Minesto management team in years:

3.3
Average Tenure
  • The tenure for the Minesto management team is about average.
Management Team

Martin Edlund

TITLE
CEO & Director
COMPENSATION
SEK2M
TENURE
4.1 yrs

Fredrik Ahlström

TITLE
Chief Financial Officer
TENURE
4.5 yrs

David Collier

TITLE
Chief Operating Officer
TENURE
2.5 yrs

Bernt Westre

TITLE
Chief Technology Officer
TENURE
2.5 yrs
Board of Directors Tenure

Average tenure and age of the Minesto board of directors in years:

10.2
Average Tenure
57.5
Average Age
  • The average tenure for the Minesto board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Bengt Adolfsson

TITLE
Chairman of the Board
COMPENSATION
SEK239K
AGE
70

Martin Edlund

TITLE
CEO & Director
COMPENSATION
SEK2M
TENURE
12.2 yrs

Göran Linder

TITLE
Director
COMPENSATION
SEK119K
AGE
57
TENURE
13.2 yrs

Git Adolfsson

TITLE
Director
COMPENSATION
SEK119K
AGE
58
TENURE
10.2 yrs

Javier Sanz

TITLE
Independent Director
TENURE
2.2 yrs

Jonas Millqvist

TITLE
Independent Director
TENURE
2.2 yrs

Andreas Gunnarsson

TITLE
Deputy Board Member
AGE
45
Who owns this company?
Recent Insider Trading
  • Minesto individual insiders have only sold shares in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
19. Mar 20 Sell Göran Linder Individual 19. Mar 20 19. Mar 20 -16,200 €0.93 €-14,861
X
Management checks
We assess Minesto's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Minesto has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Minesto AB (publ) operates as a marine energy technology developer in Sweden, Wales, Northern Ireland, and Taiwan. It develops Deep Green technology, which produces electricity from tidal and ocean currents through a turbine. The company was founded in 2007 and is headquartered in Gothenburg, Sweden.

Details
Name: Minesto AB (publ)
7MN
Exchange: DB
Founded: 2007
SEK125,412,628
125,606,456
Website: http://www.minesto.com
Address: Minesto AB (publ)
Vita gavelns väg 6,
Västra Frölunda,
Gothenburg,
Västra Götaland County, 426 71,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM MINEST Registered A Shares OMX Nordic Exchange Stockholm SE SEK 09. Nov 2015
DB 7MN Registered A Shares Deutsche Boerse AG DE EUR 09. Nov 2015
Number of employees
Current staff
Staff numbers
51
Minesto employees.
Industry
Heavy Electrical Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/01 00:38
End of day share price update: 2020/03/31 00:00
Last earnings filing: 2020/03/19
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.