Latest news with #MCHGroup
Yahoo
5 days ago
- Business
- Yahoo
The past five years for MCH Group (VTX:MCHN) investors has not been profitable
MCH Group AG (VTX:MCHN) shareholders should be happy to see the share price up 24% in the last month. But will that heal all the wounds inflicted over 5 years of declines? Unlikely. Five years have seen the share price descend precipitously, down a full 76%. While the recent increase might be a green shoot, we're certainly hesitant to rejoice. The fundamental business performance will ultimately determine if the turnaround can be sustained. So let's have a look and see if the longer term performance of the company has been in line with the underlying business' progress. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. During five years of share price growth, MCH Group moved from a loss to profitability. That would generally be considered a positive, so we are surprised to see the share price is down. Other metrics might give us a better handle on how its value is changing over time. In contrast to the share price, revenue has actually increased by 12% a year in the five year period. A more detailed examination of the revenue and earnings may or may not explain why the share price languishes; there could be an opportunity. The image below shows how earnings and revenue have tracked over time (if you click on the image you can see greater detail). If you are thinking of buying or selling MCH Group stock, you should check out this FREE detailed report on its balance sheet. Investors should note that there's a difference between MCH Group's total shareholder return (TSR) and its share price change, which we've covered above. Arguably the TSR is a more complete return calculation because it accounts for the value of dividends (as if they were reinvested), along with the hypothetical value of any discounted capital that have been offered to shareholders. Its history of dividend payouts mean that MCH Group's TSR, which was a 72% drop over the last 5 years, was not as bad as the share price return. Investors in MCH Group had a tough year, with a total loss of 31%, against a market gain of about 6.9%. Even the share prices of good stocks drop sometimes, but we want to see improvements in the fundamental metrics of a business, before getting too interested. Regrettably, last year's performance caps off a bad run, with the shareholders facing a total loss of 11% per year over five years. We realise that Baron Rothschild has said investors should "buy when there is blood on the streets", but we caution that investors should first be sure they are buying a high quality business. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. Take risks, for example - MCH Group has 1 warning sign we think you should be aware of. If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of companies that have proven they can grow earnings. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Swiss exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
5 days ago
- Business
- Yahoo
The past five years for MCH Group (VTX:MCHN) investors has not been profitable
MCH Group AG (VTX:MCHN) shareholders should be happy to see the share price up 24% in the last month. But will that heal all the wounds inflicted over 5 years of declines? Unlikely. Five years have seen the share price descend precipitously, down a full 76%. While the recent increase might be a green shoot, we're certainly hesitant to rejoice. The fundamental business performance will ultimately determine if the turnaround can be sustained. So let's have a look and see if the longer term performance of the company has been in line with the underlying business' progress. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. During five years of share price growth, MCH Group moved from a loss to profitability. That would generally be considered a positive, so we are surprised to see the share price is down. Other metrics might give us a better handle on how its value is changing over time. In contrast to the share price, revenue has actually increased by 12% a year in the five year period. A more detailed examination of the revenue and earnings may or may not explain why the share price languishes; there could be an opportunity. The image below shows how earnings and revenue have tracked over time (if you click on the image you can see greater detail). If you are thinking of buying or selling MCH Group stock, you should check out this FREE detailed report on its balance sheet. Investors should note that there's a difference between MCH Group's total shareholder return (TSR) and its share price change, which we've covered above. Arguably the TSR is a more complete return calculation because it accounts for the value of dividends (as if they were reinvested), along with the hypothetical value of any discounted capital that have been offered to shareholders. Its history of dividend payouts mean that MCH Group's TSR, which was a 72% drop over the last 5 years, was not as bad as the share price return. Investors in MCH Group had a tough year, with a total loss of 31%, against a market gain of about 6.9%. Even the share prices of good stocks drop sometimes, but we want to see improvements in the fundamental metrics of a business, before getting too interested. Regrettably, last year's performance caps off a bad run, with the shareholders facing a total loss of 11% per year over five years. We realise that Baron Rothschild has said investors should "buy when there is blood on the streets", but we caution that investors should first be sure they are buying a high quality business. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. Take risks, for example - MCH Group has 1 warning sign we think you should be aware of. If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of companies that have proven they can grow earnings. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Swiss exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business of Fashion
21-05-2025
- Business
- Business of Fashion
Explainer: Making Sense of Art Basel's New Qatar Fair
Art Basel, the world's largest organiser of art fairs, is bound for the enormously wealthy Gulf region with a new annual art event in the Qatari capital of Doha set to launch in February 2026, Art Basel and its Swiss parent company MCH Group announced Tuesday. Dubbed Art Basel Qatar, the new event expands Art Basel's line of prestigious annual art fairs to five. The firm's flagship fair, founded in its namesake Swiss city in 1970, established the blueprint for subsequent Art Basel fairs in Miami Beach (launched 2002), Hong Kong (2013) and Paris (2022). Art Basel Qatar is the product of a three-way partnership between Art Basel, Qatar Sports Investments and QC+, a Doha-based 'strategic and creative collective' that plays 'a pivotal role in developing Qatar's cultural infrastructure,' according to a statement. The terms of the transaction were undisclosed. The deal triggers an avalanche of questions on the implications for Art Basel, Qatar and the wider art industry, desperately in search of growth opportunities after more than two years of shrinking sales. How surprising is this deal? At least seven out of ten. The art world has long seen the wealthy Gulf region as a prime market for expansion, but until now the relatively minor Art Dubai was the region's most prominent art fair. Rumors had sprung up in the second half of 2024 that Art Basel was in talks with Abu Dhabi to take over the commercially slight fair Abu Dhabi Art in exchange for a multimillion-dollar capital injection. But after several months passed without word of a deal, the industry moved on, assuming negotiations had run aground. Instead, it seems Art Basel's ambitions in the Middle East simply took a one-hour flight to Doha. The inaugural edition of the new fair will take place in the M7 creative hub and Doha Design District in the city's Msheireb Downtown quarter. The small scale of Art Basel Qatar, at least initially, adds to the intrigue. The first edition of the fair will feature only around 50 galleries specialising in modern and contemporary art, with the selections to be overseen by a still-to-be-announced artistic director. That would make the fair's inaugural outing around one-sixth the size of Art Basel's flagship event, which typically hosts around 300 exhibitors. The eventual plan is for Art Basel Qatar to reach the same scale as Art Basel Paris's approximately 200 galleries, according to a report in Artnet. Experts agree that it would be difficult for the new fair to be financially sustainable before then without a healthy subsidy from the Qatari government. Why would Art Basel choose Qatar? A significant new revenue stream and a foothold in the Middle East through a partner with sterling art world credentials and minimal political complications — at least relative to the other options in the Gulf. Under Her Excellency Sheikha Al Mayassa Bint Hamad bin Khalifa Al Thani, the chairperson of Qatar Museums since 2006 (and the sister of the emir), Qatar has been collecting and commissioning art at a world-class level for nearly two decades. It has previously been reported that the Qatar Museums had an annual budget of around $1 billion for art acquisitions. For comparison, the Museum of Modern Art spent less than $26 million adding to its collection in 2022-23. Although much of the actual transacting has been done through Western advisers, beginning with the dealers Philippe Ségalot and Franck Giraud in the noughties, Sheikha Al Mayassa has been a near-constant presence on the global art circuit. In the process she has burnished her reputation as a true connoisseur as well as a cosmopolitan on matters of taste and censorship. (Qatar Museums has organised several exhibitions of work by women artists over the years, for instance.) Qatar has also funneled billions more dollars into new museums and arts and culture infrastructure over this span. The past 19 years have already seen the country open three major institutions centred on regional art and history: the Mathaf, the Museum of Islamic Art and most recently the Jean Nouvel-designed National Museum of Qatar. More are on the way. The forthcoming Lusail Museum is designed to be the world's largest for Orientalist art, manuscripts and applied arts, and the Art Mill Museum, an 80,000-square-metre institution for international art made from 1850 to the present, is due to open in 2030. The latter is expected to (finally) showcase the multibillion-dollar trove of global art Qatar Museums has been assembling since the Sheikha took the helm. What's in it for Qatar? As the Gulf nations have sought to soften their image and expand their economies beyond fossil fuels, a heated competition has erupted in the region over dominance in art, entertainment, sports and culture. A partnership with Art Basel could give Qatar the upper hand in establishing itself as the Arab world's nexus for the high-end international art trade. This is far from a given despite Qatar's enormous spending on artwork over the past two decades. Although Abu Dhabi has inked co-operative deals with a slew of renowned Western art institutions, including the Louvre, the Guggenheim and the British Museum, the strongest scene for the art business in the Middle East currently belongs to Dubai, where more than 30 local and international dealers operate bricks-and-mortar locations and both Christie's and Sotheby's maintain offices. In comparison, the Sheikha told The New York Times that Qatar has 'five or six commercial galleries.' Not surprisingly, the most prominent art fair in the region is also generally understood to be Art Dubai, whose most recent edition welcomed such recognisable Western galleries as Perrotin, Bortolami and Almine Rech. Yet none of those galleries operate at the uppermost echelons of the trade. The brand equity of Art Basel could be enough to lure an even higher level of international dealers, including the mega-galleries Gagosian, Hauser & Wirth, David Zwirner and Pace, to the region. All of which could supercharge any effort on Qatar's part to grow an organic, self-sustaining art market with global appeal. If nothing else, Art Basel Qatar steals away the recent momentum of Saudi Arabia within the trade. Christie's announced in September 2024 that it had secured a commercial licence there, and in February, Sotheby's staged its first cross-category auction of art and collectibles in Riyadh. What are the biggest questions about the deal? One is organisational. There are now two points on the annual calendar where Art Basel will be tasked with staging two fairs within eight weeks or less. The first crunch was created by the addition of Art Basel Paris, whose dates in late October leave scant breathing room before Art Basel Miami Beach in early December. An almost equally tight turnaround now exists between Art Basel Qatar's dates in early February (ahead of Ramadan) and those of Art Basel Hong Kong in late March. Another dilemma concerns the exhibitor list for the first Art Basel Qatar. On one hand, the 50-gallery target means the firm might have to turn away (then mend relationships with) longtime exhibitors from its other fairs. On the other hand, the Qatari fair's small scale is a tacit admission that the collector base there remains incipient (aside from Qatar Museums itself). This in turn means that high-level dealers may need to be incentivised to put forth the considerable time and effort to participate. The structure of the deal with Qatar Sports Investments and QC+ could solve the problem. Imagine, for instance, if Art Basel could offer to waive or drastically discount the fees to rent booths at the fair — a potential savings of tens of thousands of dollars per exhibitor based on the rates at its other events. Would that be enough to motivate apex-level galleries to come to Doha? What if business-class airfare and luxury accommodations were also provided free of charge by the fair's Qatari partners? These types of concessions would be unthinkable almost anywhere else, but they could very well be in play here. Critics will undoubtedly express concerns about Qatar's stance on human rights. When the nation won the rights to host the World Cup in 2022, the attention shone a spotlight on alleged labour abuse, a paternalistic system restricting women's rights and intolerance for same-sex relationships and non-normative gender identities. To what extent these issues trouble those who tend to exhibit or buy work at major art fairs remains to be seen. The whiff of controversy may put off potential corporate sponsors, but this seems unlikely given the long list of top multinational brands that signed on to support the World Cup in Qatar three years ago. Besides, Art Basel's Qatari payout may well be enough to render corporate sponsorship deals unnecessary. What are the broader implications for the art industry? Art Basel Qatar is, first and foremost, an acknowledgment that the Gulf is the last high-potential growth market for the international art industry. Nowhere else in the world offers as high a concentration of wealth and as light a pre-existing footprint in the trade. The top-down, state-backed push to rebrand the Gulf states using art and culture probably creates the most lucrative opportunity international art sellers have seen since Chinese collectors began buying Western art in earnest around 20 years ago. The new fair is also the latest evidence that the global art-fair audience is fragmenting. It used to be that the same relatively diverse group of collectors, dealers, institutional professionals and intermediaries more or less traveled together along the same continent-hopping itinerary throughout the year. More recently, however, fewer Americans are making the trip to Hong Kong every year, fewer Asians are coming to Miami and even many Europeans are choosing either Switzerland or Paris, not both. It's debatable how much of this fragmentation has to do with larger sociopolitical forces, a still-volatile global economy and the magnitude of the annual art calendar. But the logistical frictions created by Art Basel's newest fair, even within its own internal universe of responsibilities, suggests the organisation understands that its different events increasingly serve different constituencies. Art Basel Qatar is designed to reach past the Gulf itself. But its attraction beyond East Asia, Southeast Asia and Africa is probably limited. Similar concentric rings of interest can be drawn around not only every other Art Basel event but also every art fair from every other organiser as well. Truly global appeal may be something that almost no yearly event in the art industry can muster anymore. Art Basel may not be the first to recognise as much, but it is certainly early in acting on it in this region. The main question going forward is how much groundwork the company and its partners will need to lay before a critical mass of dealers, tastemakers and collectors will follow.
Indian Express
21-05-2025
- Business
- Indian Express
Art Basel arrives in Qatar
After being announced as the first country in three decades to construct a permanent national pavilion at the Giardini gardens at the prestigious Venice Biennale, Qatar will also now host the newest art fair in the region. Following the launch of Art Basel Paris in 2022, the MCH Group – owner of Art Basel – has announced the inaugural edition of Art Basel in Qatar. To take place in February 2026 in Doha – at M7 creative hub and Doha Design District in downtown Msheireb, close to cultural landmarks including National Museum of Qatar – the event has been announced in partnership with leading Qatari organisations such as Qatar Sports Investments (QSI) and QC+. In a statement, Sheikha Al Mayassa Bint Hamad bin Khalifa Al Thani, Chairperson of Qatar Museums said, 'As part of His Highness the Amir's National Vision 2030, Qatar has been transforming itself into a knowledge-based economy, with culture and the creative industries helping to lead the way. We have built a thriving ecosystem of culture and sports, harnessing the capacity of both to break down barriers, create shared experiences, increase understanding and drive positive change. We have opened the National Museum of Qatar and the 3-2-1 Qatar Olympic and Sports Museum, and this year we will launch the Lusail Museum and DADU: Children's Museum of Qatar.' A post shared by UBS Art (@ubsglobalart) While the region already boasts of other art fairs such as Art Dubai, Abu Dhabi Art, the entry of a prestigious property like Art Basel – which is one of the oldest art fairs on the circuit, founded by three Swiss art dealers in 1970 – backing the fair, strengthens the perception of the Middle East as a potentially important market for art. Noah Horowitz, Chief Executive Officer of Art Basel, says, 'Growing the global art market, supporting artists and galleries and developing new collecting audiences is core to Art Basel's mission. The art scene across the MENA (Middle East and North Africa) region has undergone exponential growth in recent decades, with the establishment of world-class institutions, the launch of leading cultural events and the growth of a vibrant community of artists, galleries and professionals.'
Qatar Living
21-05-2025
- Business
- Qatar Living
Art Basel, Qatar Sports Investments (QSI) and QC+ Announce Partnership to Launch Art Basel Qatar in Doha
Art Basel, together with its parent company MCH Group, and leading Qatari organisations Qatar Sports Investments (QSI), a major investor in sports, culture, entertainment and lifestyle, and QC+, a strategic and creative collective specialising in cultural commerce, today announced a one-of-a-kind partnership that will include the launch of a new fair of modern and contemporary art in Qatar. Debuting in Doha in February 2026, Art Basel Qatar will embed itself in Qatar's vibrant cultural landscape and the dynamic arts ecosystem of the MENA region, providing an unparalleled platform to showcase leading galleries and artistic talent from the Middle East, North Africa, South Asia and further afield. The inaugural edition of Art Basel Qatar will be held in M7 creative hub and the Doha Design District in downtown Msheireb, in proximity to world-renowned landmarks including the National Museum of Qatar. This partnership builds upon Qatar's singular cultural vision and amplifies Art Basel's unifying power to create new opportunities for the production, dissemination and discovery of art, going well beyond the operation of an art fair through year-round touchpoints both in Qatar and across Art Basel's global platform. Art Basel Qatar will offer a gateway into the creative culture of the Middle East for the stakeholders and audiences of Art Basel and expand the circle of collectors, gallerists, artists and cultural leaders from the MENA region and around the world. The fair will launch as a tightly curated showcase featuring a select group of leading galleries and artists, designed to respond to today's market while laying the foundation for growth. Through educational programming and market development strategies, public arts engagement and more, Art Basel Qatar will holistically weave into the fabric of Qatar and further catalyse a growing collector and gallery network. Charged by His Highness the Amir Sheikh Tamim bin Hamad Al Thani with realising Qatar's ambitions across multiple areas of social and economic development, Her Excellency Sheikha Al Mayassa bint Hamad bin Khalifa Al Thani, Chairperson of Qatar Museums, has elevated the nation to a leading position in global cultural exchange. Qatar has assembled world-class art collections, developed a growing list of celebrated museums and exhibitions, founded design and photography festivals and established incubators for the film, fashion and design industries. Ongoing initiatives include the creation of the future Art Mill Museum, development of the future Lusail Museum and the establishment of a permanent Qatar Pavilion in Venice in the Giardini de la Biennale di Venezia. Her Excellency Sheikha Al Mayassa Bint Hamad bin Khalifa Al Thani, Chairperson of Qatar Museums (QM), said, 'As part of His Highness the Amir's National Vision 2030, Qatar has been transforming itself into a knowledge-based economy, with culture and the creative industries helping to lead the way. We have built a thriving ecosystem of culture and sports, harnessing the capacity of both to break down barriers, create shared experiences, increase understanding and drive positive change. We have opened the National Museum of Qatar and the 3-2-1 Qatar Olympic and Sports Museum, and this year we will launch the Lusail Museum and DADU: Children's Museum of Qatar. We have also opened a variety of creative hubs — from the Fire Station: Artist in Residence to M7 and Liwan Design Studios and Labs. When we welcomed the world to Hamad International Airport for the FIFA World Cup Qatar 2022™, the power of merging culture with sports could not have been more evident. As Qatar Museums marks its twentieth anniversary, we are pleased to welcome the Art Basel organisation as our partner to further elevate Qatar's initiatives to support the creative industries of our region, offering exceptional new artistic experiences and opportunities to our talent.' His Excellency Nasser Al-Khelaïfi, Chairman of Qatar Sports Investments (QSI), said, 'As a leading investor in sports, culture, entertainment and lifestyle, QSI is very proud and excited to play a role in bringing the world-renowned Art Basel fair to Qatar and our region as part of the legacy of the FIFA World Cup Qatar 2022. As that event demonstrated so unforgettably, sports and culture are closely linked in their capacity to unite people and bring the world together, which is at the heart of QSI's mission. We are delighted to work with QC+ and to welcome Art Basel to Qatar—a partnership that will inspire the region and bring further investment to a great cultural organisation.' QC+, a key member of the Art Basel Qatar partnership, brings a rich legacy of supporting the arts and is a natural collaborator in bringing the world-renowned art fair to Doha. With its expertise in cultural commerce and art curation, exhibition design and visitor engagement, QC+ has played a pivotal role in developing Qatar's cultural infrastructure. Art Basel brings to this project its 50-year history of creating the world's leading art fairs in Europe, the Americas and Asia. Defined by its host city and region, each Art Basel show is unique, as reflected in its participating galleries, artworks presented and the parallel programming produced in collaboration with local institutions. Andrea Zappia, Chairman and Group CEO at MCH Group, said, 'We are very proud to work with QSI and QC+. This is a groundbreaking project based on the unity of intent of ambitious organisations and we believe we will build something completely new that will attract art buyers and fans from the region and all over the world. We want to thank the partners who, under His Highness the Amir's leadership, strongly believed in this collaboration from the very first day and have chosen Art Basel as a key driver to support Qatar's cultural, sport and touristic vision. We are committed to Art Basel's growth and following the launch of Art Basel Paris in 2022 we are ready to add a fifth fair to our exclusive and successful portfolio. MCH Group, owner of Art Basel, is committed to contributing unique resources and capabilities to this partnership to ensure its long-term success.' Noah Horowitz, Chief Executive Officer of Art Basel, said, 'Growing the global art market, supporting artists and galleries and developing new collecting audiences is core to Art Basel's mission. The art scene across the MENA region has undergone exponential growth in recent decades, with the establishment of world-class institutions, the launch of leading cultural events and the growth of a vibrant community of artists, galleries and professionals. We are compelled by Her Excellency Sheikha Al Mayassa bint Hamad bin Khalifa Al Thani's singular vision for the arts ecosystem in Qatar, and we share a commitment to supporting artists in realising their highest potential. We are equally energised by the opportunities unlocked by our collaboration with QSI and QC+ to create new touchpoints for the broadest possible audiences. Qatar's depth of collections, history of building great cultural institutions and unique role as an incubator and supporter of talent position the new Art Basel Qatar for success on the world stage.' --- Make sure to check out our social media to keep track of the latest content. Instagram - @qatarliving X - @qatarliving Facebook - Qatar Living YouTube - qatarlivingofficial
