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HELLA GmbH KGaA

SWX:HLE
Snowflake Description

Excellent balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HLE
SWX
€3B
Market Cap
  1. Home
  2. CH
  3. Automobiles
Company description

HELLA GmbH & Co. KGaA, together with its subsidiaries, develops, manufactures, and sells lighting and electronic components and systems for automotive industry worldwide. The last earnings update was 77 days ago. More info.


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HLE Share Price and Events
7 Day Returns
0%
SWX:HLE
3.9%
Europe Auto Components
10.7%
CH Market
1 Year Returns
-10.7%
SWX:HLE
-42.5%
Europe Auto Components
-5.9%
CH Market
HLE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
HELLA GmbH KGaA (HLE) 0% 0% 0% -10.7% - -
Europe Auto Components 3.9% -30.1% -41% -42.5% -58.1% -53%
CH Market 10.7% -7.3% -13.9% -5.9% 2.6% -1.1%
1 Year Return vs Industry and Market
  • HLE outperformed the Auto Components industry which returned -42.5% over the past year.
  • HLE underperformed the Market in Switzerland which returned -5.9% over the past year.
Price Volatility
HLE
Industry
5yr Volatility vs Market

HLE Value

 Is HELLA GmbH KGaA 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
Here we compare the current share price of HELLA GmbH KGaA to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for HELLA GmbH KGaA.

SWX:HLE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 18 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.1%
Perpetual Growth Rate 10-Year CH Government Bond Rate -0.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SWX:HLE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CH Govt Bond Rate -0.6%
Equity Risk Premium S&P Global 5.4%
Auto Components Unlevered Beta Simply Wall St/ S&P Global 1.12
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.119 (1 + (1- 30%) (62.9%))
1.41
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.41
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.55% + (1.41 * 5.44%)
7.12%

Discounted Cash Flow Calculation for SWX:HLE using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for HELLA GmbH KGaA is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

SWX:HLE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 7.12%)
2020 192.70 Analyst x9 179.89
2021 166.32 Analyst x10 144.95
2022 160.27 Analyst x6 130.39
2023 203.00 Analyst x1 154.18
2024 204.62 Est @ 0.8% 145.08
2025 205.43 Est @ 0.39% 135.97
2026 205.66 Est @ 0.11% 127.07
2027 205.48 Est @ -0.09% 118.52
2028 205.01 Est @ -0.23% 110.40
2029 204.35 Est @ -0.32% 102.72
Present value of next 10 years cash flows €1,349.00
SWX:HLE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €204.35 × (1 + -0.55%) ÷ (7.12% – -0.55%)
€2,649.67
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €2,649.67 ÷ (1 + 7.12%)10
€1,331.97
SWX:HLE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €1,349.00 + €1,331.97
€2,680.97
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €2,680.97 / 111.11
€24.13
SWX:HLE Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in SWX:HLE represents 1.50602x of XTRA:HLE
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.50602x
Value per Share
(Listing Adjusted, CHF)
= Value per Share (EUR) x Listing Adjustment Factor
= € 24.13 x 1.50602
CHF36.34
Value per share (CHF) From above. CHF36.34
Current discount Discount to share price of CHF40.00
= -1 x (CHF40.00 - CHF36.34) / CHF36.34
-10.1%

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

  • The current share price of HELLA GmbH KGaA is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 HELLA GmbH KGaA's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are HELLA GmbH KGaA's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SWX:HLE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-11-30) in EUR €3.13
XTRA:HLE Share Price ** XTRA (2020-03-31) in EUR €26.56
Europe Auto Components Industry PE Ratio Median Figure of 38 Publicly-Listed Auto Components Companies 8x
Switzerland Market PE Ratio Median Figure of 175 Publicly-Listed Companies 16.61x

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

** Primary Listing of HELLA GmbH KGaA.

SWX:HLE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= XTRA:HLE Share Price ÷ EPS (both in EUR)

= 26.56 ÷ 3.13

8.48x

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

  • HELLA GmbH KGaA is overvalued based on earnings compared to the Europe Auto Components industry average.
  • HELLA GmbH KGaA is good value based on earnings compared to the Switzerland market.
Price based on expected Growth
Does HELLA GmbH KGaA's expected growth come at a high price?
Raw Data
SWX:HLE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.48x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts
13.7%per year
Europe Auto Components Industry PEG Ratio Median Figure of 26 Publicly-Listed Auto Components Companies 0.48x
Switzerland Market PEG Ratio Median Figure of 125 Publicly-Listed Companies 1.69x

*Line of best fit is calculated by linear regression .

SWX:HLE PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.48x ÷ 13.7%

0.62x

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

  • HELLA GmbH KGaA is good value based on expected growth next year.
Price based on value of assets
What value do investors place on HELLA GmbH KGaA's assets?
Raw Data
SWX:HLE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-11-30) in EUR €24.64
XTRA:HLE Share Price * XTRA (2020-03-31) in EUR €26.56
Europe Auto Components Industry PB Ratio Median Figure of 48 Publicly-Listed Auto Components Companies 0.7x
Switzerland Market PB Ratio Median Figure of 216 Publicly-Listed Companies 1.33x
SWX:HLE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= XTRA:HLE Share Price ÷ Book Value per Share (both in EUR)

= 26.56 ÷ 24.64

1.08x

* Primary Listing of HELLA GmbH KGaA.

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

  • HELLA GmbH KGaA is overvalued based on assets compared to the Europe Auto Components industry average.
X
Value checks
We assess HELLA GmbH KGaA'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 Auto Components 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 Auto Components industry average (and greater than 0)? (1 check)
  5. HELLA GmbH KGaA has a total score of 2/6, 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.

HLE Future Performance

 How is HELLA GmbH KGaA expected to perform in the next 1 to 3 years based on estimates from 18 analysts?

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
13.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is HELLA GmbH KGaA expected to grow at an attractive rate?
  • HELLA GmbH KGaA's earnings growth is expected to exceed the low risk savings rate of -0.6%.
Growth vs Market Checks
  • HELLA GmbH KGaA's earnings growth is expected to exceed the Switzerland market average.
  • HELLA GmbH KGaA's revenue growth is expected to exceed the Switzerland market average.
Annual Growth Rates Comparison
Raw Data
SWX:HLE Future Growth Rates Data Sources
Data Point Source Value (per year)
SWX:HLE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts 13.7%
SWX:HLE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 18 Analysts 4.1%
Europe Auto Components Industry Earnings Growth Rate Market Cap Weighted Average 22.7%
Europe Auto Components Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
Switzerland Market Earnings Growth Rate Market Cap Weighted Average 8.7%
Switzerland Market Revenue Growth Rate Market Cap Weighted Average 2.3%

*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
SWX:HLE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SWX:HLE Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-05-31 7,763 317 1
2023-05-31 7,251 543 374 2
2022-05-31 7,125 758 369 15
2021-05-31 6,754 740 317 18
2020-05-31 6,495 734 260 18
2020-03-31
SWX:HLE Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-11-30 6,753 787 348
2019-08-31 6,773 772 611
2019-05-31 6,990 759 630
2019-02-28 7,100 768 623
2018-11-30 7,158 808 634
2018-08-31 7,218 830 402
2018-05-31 7,060 826 389
2018-02-28 6,939 835 372
2017-11-30 6,839 808 367
2017-08-31 6,661 825 341
2017-05-31 6,585 713 342
2017-02-28 6,473 707 333

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • HELLA GmbH KGaA's earnings are expected to grow by 13.7% yearly, however this is not considered high growth (20% yearly).
  • HELLA GmbH KGaA's revenue is expected to grow by 4.1% yearly, however this is not considered high growth (20% yearly).
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
SWX:HLE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below

All data from HELLA GmbH KGaA Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SWX:HLE Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-05-31
2023-05-31 3.37 3.37 3.37 1.00
2022-05-31 3.33 3.86 2.68 11.00
2021-05-31 2.88 3.51 1.52 16.00
2020-05-31 2.42 2.96 1.40 14.00
2020-03-31
SWX:HLE Past Financials Data
Date (Data in EUR Millions) EPS *
2019-11-30 3.13
2019-08-31 5.50
2019-05-31 5.67
2019-02-28 5.61
2018-11-30 5.71
2018-08-31 3.62
2018-05-31 3.50
2018-02-28 3.35
2017-11-30 3.30
2017-08-31 3.07
2017-05-31 3.08
2017-02-28 3.00

*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.
  • HELLA GmbH KGaA is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess HELLA GmbH KGaA'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
HELLA GmbH KGaA has a total score of 3/6, 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.

HLE Past Performance

  How has HELLA GmbH KGaA 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 HELLA GmbH KGaA's growth in the last year to its industry (Auto Components).
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.
  • HELLA GmbH KGaA's year on year earnings growth rate has been positive over the past 5 years.
  • HELLA GmbH KGaA's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • HELLA GmbH KGaA's 1-year earnings growth is negative, it can't be compared to the Europe Auto Components industry average.
Earnings and Revenue History
HELLA GmbH KGaA'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 HELLA GmbH KGaA Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SWX:HLE Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-11-30 6,752.92 348.21 700.46 625.60
2019-08-31 6,773.12 611.33 665.09 620.06
2019-05-31 6,989.98 630.00 731.90 610.73
2019-02-28 7,099.77 622.96 719.42 591.18
2018-11-30 7,158.07 634.12 763.97 578.10
2018-08-31 7,217.78 401.55 841.24 578.83
2018-05-31 7,060.34 388.68 823.33 568.05
2018-02-28 6,939.04 372.08 796.22 628.15
2017-11-30 6,839.40 366.69 775.76 630.64
2017-08-31 6,661.43 341.11 752.12 629.19
2017-05-31 6,584.75 341.73 735.95 636.24
2017-02-28 6,473.16 332.96 731.99 642.42
2016-11-30 6,390.45 313.09 721.53 643.04
2016-08-31 6,408.49 310.54 718.03 637.86
2016-05-31 6,351.89 268.50 711.82 623.46
2016-02-29 6,270.85 256.95 694.77 587.08
2015-11-30 6,167.81 268.30 682.07 566.32
2015-08-31 6,012.85 266.46 669.48 566.86
2015-05-31 5,834.69 287.00 652.33 543.93
2015-02-28 5,617.16 264.58 651.30 572.78
2014-11-30 5,505.24 263.89 642.39 549.08
2014-08-31 5,399.71 248.52 637.34 515.28
2014-05-31 5,343.33 222.89 632.78 513.55
2014-02-28 5,251.93 238.81 615.67 485.08
2013-11-30 5,090.17 200.76 607.53 476.89
2013-08-31 4,911.09 190.00 599.32 451.19
2013-05-31 4,835.48 200.42 595.08 443.80

*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.
  • HELLA GmbH KGaA has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • HELLA GmbH KGaA used its assets more efficiently than the Europe Auto Components industry average last year based on Return on Assets.
  • HELLA GmbH KGaA's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess HELLA GmbH KGaA'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 Auto Components 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.
HELLA GmbH KGaA has a total score of 2/6, 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.

HLE Health

 How is HELLA GmbH KGaA'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 HELLA GmbH KGaA's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • HELLA GmbH KGaA is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • HELLA GmbH KGaA's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of HELLA GmbH KGaA'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.3x 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 HELLA GmbH KGaA Company Filings, last reported 4 months ago.

SWX:HLE Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-11-30 2,740.54 1,856.29 1,661.78
2019-08-31 2,982.12 1,355.32 1,467.49
2019-05-31 2,968.49 1,225.89 1,431.06
2019-02-28 2,856.25 1,353.80 1,402.06
2018-11-30 2,792.41 1,229.21 1,358.78
2018-08-31 2,564.57 1,326.57 1,005.47
2018-05-31 2,478.27 1,207.81 1,016.95
2018-02-28 2,368.76 1,200.27 950.29
2017-11-30 2,283.07 1,062.16 743.08
2017-08-31 2,282.67 1,362.58 1,129.17
2017-05-31 2,225.74 1,376.57 1,097.89
2017-02-28 2,170.67 1,092.01 774.72
2016-11-30 2,071.72 1,102.01 757.99
2016-08-31 2,032.74 1,120.12 824.57
2016-05-31 1,978.65 1,150.63 913.59
2016-02-29 1,891.47 1,117.23 818.63
2015-11-30 1,918.57 1,152.93 923.15
2015-08-31 1,919.38 1,114.90 1,045.00
2015-05-31 1,909.69 1,135.34 1,007.62
2015-02-28 1,784.53 1,106.13 843.24
2014-11-30 1,706.03 1,250.07 987.58
2014-08-31 1,393.43 1,437.03 1,013.84
2014-05-31 1,342.06 1,409.53 986.34
2014-02-28 1,277.02 1,085.33 614.94
2013-11-30 1,235.61 1,079.32 558.22
2013-08-31 1,248.02 1,077.15 593.97
2013-05-31 1,207.19 1,063.93 662.19
  • HELLA GmbH KGaA's level of debt (62.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (72.7% vs 62.5% today).
  • Debt is well covered by operating cash flow (45.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 19.4x coverage).
X
Financial health checks
We assess HELLA GmbH KGaA'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. HELLA GmbH KGaA has a total score of 5/6, 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.

HLE Dividends

 What is HELLA GmbH KGaA'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
3.95%
Current annual income from HELLA GmbH KGaA dividends. Estimated to be 3.56% next year.
If you bought CHF2,000 of HELLA GmbH KGaA shares you are expected to receive CHF79 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?
  • HELLA GmbH KGaA's pays a higher dividend yield than the bottom 25% of dividend payers in Switzerland (2.11%).
  • HELLA GmbH KGaA's dividend is below the markets top 25% of dividend payers in Switzerland (4.26%).
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
SWX:HLE 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 18 Analyst Estimates (S&P Global) See Below
Europe Auto Components Industry Average Dividend Yield Market Cap Weighted Average of 31 Stocks 5.6%
Switzerland Market Average Dividend Yield Market Cap Weighted Average of 159 Stocks 3.3%
Switzerland Minimum Threshold Dividend Yield 10th Percentile 1.3%
Switzerland Bottom 25% Dividend Yield 25th Percentile 2.1%
Switzerland Top 25% Dividend Yield 75th Percentile 4.3%

Industry and Market average data is calculated daily.

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

SWX:HLE Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2024-05-31
2023-05-31 1.01 1.00
2022-05-31 1.06 15.00
2021-05-31 0.94 19.00
2020-05-31 0.86 19.00
2020-03-31
SWX:HLE Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-09-27 1.050 2.578
2018-08-10 1.050 2.524
2017-08-10 0.920 1.765
2016-08-11 0.770 1.992
2015-08-17 0.770 2.204
2015-08-14 0.770 1.883

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

  • Whilst dividend payments have been stable, HELLA GmbH KGaA has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but HELLA GmbH KGaA only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of HELLA GmbH KGaA's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3x coverage).
X
Income/ dividend checks
We assess HELLA GmbH KGaA's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - 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 HELLA GmbH KGaA afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. HELLA GmbH KGaA has a total score of 3/6, see the detailed checks below.


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

HLE Management

 What is the CEO of HELLA GmbH KGaA'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
Rolf Breidenbach
AGE 56
TENURE AS CEO 2.2 years
CEO Bio

Dr. Rolf Breidenbach has been Member of the Supervisory Board at Dürr Aktiengesellschaft since March 2019. He has been the Chief Executive Officer and President at Hella Kgaa Hueck & Co. of Hella Aglaia Mobile Vision GmbH since January 1, 2018 and serves as its Member of Management Board. Dr. Breidenbach serves as the Chairman of Management Board of Hella Geschäftsführungsgesellschaft mbH, general partner of HELLA GmbH & Co. KGaA and is its President and CEO. He served as a Managing Director at Hella Kgaa Hueck & Co. He was Member of the Supervisory Board of Dürr AG from January 1, 2018 to May 09, 2018.

CEO Compensation
  • Insufficient data for Rolf to compare compensation growth.
  • Insufficient data for Rolf to establish whether their remuneration is reasonable compared to companies of similar size in Switzerland.
Management Team Tenure

Average tenure of the HELLA GmbH KGaA management team in years:

2.8
Average Tenure
  • The tenure for the HELLA GmbH KGaA management team is about average.
Management Team

Michaela Bittner

TITLE
Secretary & Member of Supervisory Board
COMPENSATION
€20K

Rolf Breidenbach

TITLE
Chairman of Management Board
AGE
56
TENURE
2.2 yrs

Ulric Schaferbarthold

TITLE
MD of Finance & Controlling and Member of Management Board - Hella Geschäftsführungsgesellschaft mbH
AGE
49
TENURE
3.3 yrs

Frank Huber

TITLE
MD of Automotive Lighting & Member of Management Board - Hella Geschäftsführungsgesellschaft mbH
TENURE
2.2 yrs

Werner Benade

TITLE
MD of Aftermarket & Special App. and Member of Mgmt Board - Hella Geschäftsführungsgesellschaft mbH
TENURE
2.8 yrs

Marco Dobrich

TITLE
Head of Sensors & the Technical Centre

Carsten Roch

TITLE
Head of Assisted & Automated Driving

Michaela Schafer

TITLE
Head of Global Purchasing and CEO of Office & Projects
TENURE
4.8 yrs

Jörg Weisgerber

TITLE
Member of Executive Board - Business Division Electronics
Board of Directors Tenure

Average tenure of the HELLA GmbH KGaA board of directors in years:

6.2
Average Tenure
  • The tenure for the HELLA GmbH KGaA board of directors is about average.
Board of Directors

Klaus Kühn

TITLE
Chairman of Supervisory Board
COMPENSATION
€40K
AGE
67
TENURE
0.4 yrs

Heinrich-Georg Bölter

TITLE
Vice-Chairman of the Supervisory Board
COMPENSATION
€26K

Michaela Bittner

TITLE
Secretary & Member of Supervisory Board
COMPENSATION
€20K
TENURE
11.2 yrs

Dietrich Hueck

TITLE
Member of Supervisory Board
TENURE
1.2 yrs

Stephanie Hueck

TITLE
Member of Supervisory Board
COMPENSATION
€20K
TENURE
6.2 yrs

Susanna Hülsbömer

TITLE
Member of Supervisory Board
COMPENSATION
€20K
TENURE
11.2 yrs

Manfred Menningen

TITLE
Member of Supervisory Board
COMPENSATION
€30K
TENURE
11.2 yrs

Christoph Thomas

TITLE
Member of Supervisory Board
COMPENSATION
€20K
TENURE
6.2 yrs

Claudia Owen

TITLE
Member of Supervisory Board
COMPENSATION
€20K
TENURE
4.2 yrs

Christoph Rudiger

TITLE
Member of Supervisory Board
COMPENSATION
€13K
TENURE
1.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CHF) Value (CHF)
X
Management checks
We assess HELLA GmbH KGaA'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. HELLA GmbH KGaA 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.

HLE News

Simply Wall St News

HLE Company Info

Description

HELLA GmbH & Co. KGaA, together with its subsidiaries, develops, manufactures, and sells lighting and electronic components and systems for automotive industry worldwide. It operates through three segments: Automotive, Aftermarket, and Special Applications. The Automotive segment offers headlamps, rear combination lamps, car body and interior lighting products, and radomes; and body electronics, energy management, lighting electronics, and steering solutions, as well as driver assistance systems and components, including sensors and engine compartment actuators. The Aftermarket segment produces and sells automotive parts and accessories primarily in the areas of lighting, electrics, and electronics; and provides workshop solutions in the areas of diagnostics and calibration, as well as various services for wholesalers and workshops. The Special Applications segment develops, manufactures, and markets lighting technology and electronic products for special vehicles comprising construction and agricultural machinery, buses, and motor homes, as well as for the marine sector. The company has strategic collaboration with AEye, Inc. to develop LiDAR sensor systems. The company was formerly known as HELLA KGaA Hueck & Co. and changed its name to HELLA GmbH & Co. KGaA in October 2017. HELLA GmbH & Co. KGaA was founded in 1899 and is headquartered in Lippstadt, Germany.

Details
Name: HELLA GmbH & Co. KGaA
HLE
Exchange: SWX
Founded: 1899
€3,124,772,674
111,111,112
Website: http://www.hella.com
Address: HELLA GmbH & Co. KGaA
Rixbecker Strasse 75,
Lippstadt,
North Rhine-Westphalia, 59552,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA HLE Limited Partner Shares XETRA Trading Platform DE EUR 11. Nov 2014
OTCPK HLKH.F Limited Partner Shares Pink Sheets LLC US USD 11. Nov 2014
DB HLE Limited Partner Shares Deutsche Boerse AG DE EUR 11. Nov 2014
LSE 0R3U Limited Partner Shares London Stock Exchange GB EUR 11. Nov 2014
SWX HLE Limited Partner Shares SIX Swiss Exchange CH CHF 11. Nov 2014
WBAG HLE Limited Partner Shares Wiener Boerse AG AT EUR 11. Nov 2014
BDL 111856940 Limited Partner Shares Bourse de Luxembourg LU EUR 11. Nov 2014
BMV HLE N Limited Partner Shares Bolsa Mexicana de Valores MX MXN 11. Nov 2014
ETLX HLE Limited Partner Shares Eurotlx IT EUR 11. Nov 2014
BATS-CHIXE HLEd Limited Partner Shares BATS 'Chi-X Europe' GB EUR 11. Nov 2014
OTCPK HLLG.Y UNSP ADR EACH REPR 0.50 ORD SHS Pink Sheets LLC US USD 27. May 2016
BST HLEA UNSP ADR EACH REPR 0.50 ORD SHS Boerse-Stuttgart DE EUR 27. May 2016
Number of employees
Current staff
Staff numbers
37,847
HELLA GmbH KGaA employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 23:58
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2020/03/30
Last earnings filing: 2020/01/14
Last earnings reported: 2019/11/30
Last annual earnings reported: 2019/05/31


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.