• Portfolio asset value at €31.6 million
• Total net asset value at €27.3 million
• NAV per share at €6.77 - 29 percent above current share price
Munich, September 17, 2018 – Mountain Alliance AG (MA, ISIN DE000A12UK08) publishes its net asset values (NAVs) of the entire group and their segments.
The portfolio asset value of the three segments is at €31.6 million as of June 30, 2018. Including the net financial liabilities towards Mountain Partners AG, the overall NAV of Mountain Alliance AG is at €27.3 million on the valuation date. At the end of the first half year, the overall NAV is therefore significantly (about 29 percent) above the group’s market capitalisation of €21.2 million.
Net asset value calculation of MA Group
NAV segment in million EUR
Meta Platforms 10.9
Value added e-Commerce 10.0
Digital Business Services 10.7
Portfolio Asset Value 31.6
Net financial liabilities towards Mountain Partners AG 4.3
Total net asset value (NAV) 27.3
NAV per share (in EUR) 6.77
The assessment of the portfolio companies is generally done on the basis of recent transactions or financing rounds, in which shares were issued to new investors. For companies without any recent transactions for assessment, the fair value of financial assets is derived by way of a discounted cashflow procedure. Basis for the assessment are business plans of the portfolio companies, capital costs plus a risk premium, and suppositions for determining the perpetual annuity following the detailed planning phase. The assessment of portfolio companies traded in an active market is based on stock exchange rates.
The complete first-half year report 2018 will be available for download on September 19, 2018 from the Investor Relations section at www.mountain-alliance.de.