Loading...

We've got a brand new version of Simply Wall St! Try it out

Heidelberger Druckmaschinen

SWX:HDD
Snowflake Description

Good value with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HDD
SWX
€393M
Market Cap
  1. Home
  2. CH
  3. Capital Goods
Company description

Heidelberger Druckmaschinen Aktiengesellschaft provides products, services, consumables, and software solutions for the printing industry in Europe, the Middle East, Africa, Asia/Pacific, North America, South America, and Eastern Europe. The last earnings update was 12 days ago. More info.


Add to Portfolio Compare Print
HDD Share Price and Events
7 Day Returns
0%
SWX:HDD
-0.3%
CH Machinery
-0%
CH Market
1 Year Returns
-21.4%
SWX:HDD
14.4%
CH Machinery
13.3%
CH Market
HDD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Heidelberger Druckmaschinen (HDD) 0% 0% 0% -21.4% -41.6% -41.2%
CH Machinery -0.3% 7.6% 15.7% 14.4% 26.5% 41.5%
CH Market -0% 3.2% 4.8% 13.3% 21.9% 13%
1 Year Return vs Industry and Market
  • HDD underperformed the Machinery industry which returned 14.4% over the past year.
  • HDD underperformed the Market in Switzerland which returned 13.3% over the past year.
Price Volatility
HDD
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Heidelberger Druckmaschinen 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 Heidelberger Druckmaschinen 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 Heidelberger Druckmaschinen.

SWX:HDD Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 14%
Perpetual Growth Rate 10-Year CH Government Bond Rate 3.3%

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:HDD
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CH Govt Bond Rate 3.3%
Equity Risk Premium S&P Global 6%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.08
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.078 (1 + (1- 30%) (149.06%))
1.806
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.81
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.28% + (1.806 * 5.96%)
14.04%

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

The calculations below outline how an intrinsic value for Heidelberger Druckmaschinen 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:HDD DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 14.04%)
2020 9.28 Analyst x5 8.14
2021 43.50 Analyst x6 33.45
2022 69.58 Analyst x4 46.91
2023 100.40 Analyst x1 59.36
2024 156.30 Analyst x1 81.03
2025 201.53 Est @ 28.94% 91.62
2026 244.34 Est @ 21.24% 97.40
2027 283.07 Est @ 15.85% 98.95
2028 317.26 Est @ 12.08% 97.25
2029 347.20 Est @ 9.44% 93.32
Present value of next 10 years cash flows €707.00
SWX:HDD DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €347.20 × (1 + 3.28%) ÷ (14.04% – 3.28%)
€3,330.60
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €3,330.60 ÷ (1 + 14.04%)10
€895.19
SWX:HDD Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €707.00 + €895.19
€1,602.19
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €1,602.19 / 304.34
€5.26
SWX:HDD Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in SWX:HDD represents 1.18168x of XTRA:HDD
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.18168x
Value per Share
(Listing Adjusted, CHF)
= Value per Share (EUR) x Listing Adjustment Factor
= € 5.26 x 1.18168
CHF6.22
Value per share (CHF) From above. CHF6.22
Current discount Discount to share price of CHF1.52
= -1 x (CHF1.52 - CHF6.22) / CHF6.22
75.5%

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

Current Discount
Amount off the current price Heidelberger Druckmaschinen is available for.
Intrinsic value
>50%
Share price is CHF1.52 vs Future cash flow value of CHF6.22
Current Discount Checks
For Heidelberger Druckmaschinen to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Heidelberger Druckmaschinen's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Heidelberger Druckmaschinen's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Heidelberger Druckmaschinen's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Heidelberger Druckmaschinen's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SWX:HDD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in EUR €0.04
XTRA:HDD Share Price ** XTRA (2019-11-18) in EUR €1.29
Switzerland Machinery Industry PE Ratio Median Figure of 25 Publicly-Listed Machinery Companies 23.34x
Switzerland Market PE Ratio Median Figure of 171 Publicly-Listed Companies 19.23x

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

** Primary Listing of Heidelberger Druckmaschinen.

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

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

= 1.29 ÷ 0.04

34.76x

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

  • Heidelberger Druckmaschinen is overvalued based on earnings compared to the CH Machinery industry average.
  • Heidelberger Druckmaschinen is overvalued based on earnings compared to the Switzerland market.
Price based on expected Growth
Does Heidelberger Druckmaschinen's expected growth come at a high price?
Raw Data
SWX:HDD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 34.76x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
68.2%per year
Switzerland Machinery Industry PEG Ratio Median Figure of 23 Publicly-Listed Machinery Companies 1.18x
Switzerland Market PEG Ratio Median Figure of 124 Publicly-Listed Companies 2.17x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 34.76x ÷ 68.2%

0.51x

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

  • Heidelberger Druckmaschinen is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Heidelberger Druckmaschinen's assets?
Raw Data
SWX:HDD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in EUR €0.80
XTRA:HDD Share Price * XTRA (2019-11-18) in EUR €1.29
Switzerland Machinery Industry PB Ratio Median Figure of 25 Publicly-Listed Machinery Companies 2.3x
Switzerland Market PB Ratio Median Figure of 214 Publicly-Listed Companies 1.66x
SWX:HDD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1.29 ÷ 0.80

1.61x

* Primary Listing of Heidelberger Druckmaschinen.

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

  • Heidelberger Druckmaschinen is good value based on assets compared to the CH Machinery industry average.
X
Value checks
We assess Heidelberger Druckmaschinen'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 Machinery 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 Machinery industry average (and greater than 0)? (1 check)
  5. Heidelberger Druckmaschinen has a total score of 4/6, 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 Heidelberger Druckmaschinen expected to perform in the next 1 to 3 years based on estimates from 8 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
68.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Heidelberger Druckmaschinen expected to grow at an attractive rate?
  • Heidelberger Druckmaschinen's earnings growth is expected to exceed the low risk savings rate of 3.3%.
Growth vs Market Checks
  • Heidelberger Druckmaschinen's earnings growth is expected to exceed the Switzerland market average.
  • Heidelberger Druckmaschinen's revenue growth is positive but not above the Switzerland market average.
Annual Growth Rates Comparison
Raw Data
SWX:HDD Future Growth Rates Data Sources
Data Point Source Value (per year)
SWX:HDD Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 68.2%
SWX:HDD Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 2.8%
Switzerland Machinery Industry Earnings Growth Rate Market Cap Weighted Average 14.5%
Switzerland Machinery Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
Switzerland Market Earnings Growth Rate Market Cap Weighted Average 9.9%
Switzerland Market Revenue Growth Rate Market Cap Weighted Average 3.5%

*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:HDD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SWX:HDD Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 2,784 3
2023-03-31 2,733 3
2022-03-31 2,620 129 46 7
2021-03-31 2,546 122 30 8
2020-03-31 2,493 84 11 4
2019-11-18
SWX:HDD Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-09-30 2,528 -24 11
2019-06-30 2,479 -45 5
2019-03-31 2,524 -11 21
2018-12-31 2,496 -6 22
2018-09-30 2,520 34 7
2018-06-30 2,509 48 15
2018-03-31 2,465 88 14
2017-12-31 2,549 124 36
2017-09-30 2,554 93 64
2017-06-30 2,587 135 57
2017-03-31 2,583 139 36
2016-12-31 2,443 93 25

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Heidelberger Druckmaschinen's earnings are expected to grow significantly at over 20% yearly.
  • Heidelberger Druckmaschinen's revenue is expected to grow by 2.8% 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:HDD Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from Heidelberger Druckmaschinen Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SWX:HDD Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31 0.15 0.18 0.09 5.00
2021-03-31 0.10 0.19 0.05 7.00
2020-03-31 0.03 0.11 0.00 8.00
2019-11-18
SWX:HDD Past Financials Data
Date (Data in EUR Millions) EPS *
2019-09-30 0.04
2019-06-30
2019-03-31 0.07
2018-12-31
2018-09-30 0.02
2018-06-30 0.05
2018-03-31 0.05
2017-12-31 0.14
2017-09-30 0.24
2017-06-30 0.22
2017-03-31 0.14
2016-12-31 0.11

*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.
  • Heidelberger Druckmaschinen is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Heidelberger Druckmaschinen'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 Switzerland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Switzerland 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.
Heidelberger Druckmaschinen 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.

Past Performance

  How has Heidelberger Druckmaschinen 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 Heidelberger Druckmaschinen's growth in the last year to its industry (Machinery).
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.
  • Heidelberger Druckmaschinen has delivered over 20% year on year earnings growth in the past 5 years.
  • Heidelberger Druckmaschinen's 1-year earnings growth exceeds its 5-year average (56.3% vs 40.8%)
  • Heidelberger Druckmaschinen's earnings growth has exceeded the CH Machinery industry average in the past year (56.3% vs 2.7%).
Earnings and Revenue History
Heidelberger Druckmaschinen'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 Heidelberger Druckmaschinen Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SWX:HDD Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 2,527.64 10.82 896.76
2019-06-30 2,479.29 4.88 909.07
2019-03-31 2,524.29 20.88 909.07
2018-12-31 2,495.79 22.20 953.84
2018-09-30 2,520.43 6.93 932.23
2018-06-30 2,508.50 14.57 928.64
2018-03-31 2,464.50 13.57 918.64
2017-12-31 2,549.02 36.24 910.47
2017-09-30 2,553.83 64.23 904.46
2017-06-30 2,587.02 57.24 908.47
2017-03-31 2,583.02 36.24 906.47
2016-12-31 2,442.88 24.91 894.65
2016-09-30 2,474.56 13.98 912.31
2016-06-30 2,473.03 -4.74 907.55
2016-03-31 2,539.06 28.13 883.00
2015-12-31 2,605.90 16.16 775.28
2015-09-30 2,516.05 -44.11 783.36
2015-06-30 2,478.69 -42.49 768.16
2015-03-31 2,350.35 -72.40 797.92
2014-12-31 2,315.62 -51.81 888.25
2014-09-30 2,346.06 8.84 895.93
2014-06-30 2,380.66 8.06 906.58
2014-03-31 2,448.76 3.62 923.01
2013-12-31 2,529.87 -62.71 932.64
2013-09-30 2,630.87 -56.23 955.10
2013-06-30 2,746.07 -79.12 980.53
2013-03-31 2,761.30 -117.07 1,005.72
2012-12-31 2,715.51 -244.98 1,032.32

*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.
  • Heidelberger Druckmaschinen has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Heidelberger Druckmaschinen used its assets less efficiently than the CH Machinery industry average last year based on Return on Assets.
  • Heidelberger Druckmaschinen has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Heidelberger Druckmaschinen'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 Machinery 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.
Heidelberger Druckmaschinen has a total score of 4/6, 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 Heidelberger Druckmaschinen'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 Heidelberger Druckmaschinen's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Heidelberger Druckmaschinen is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Heidelberger Druckmaschinen's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Heidelberger Druckmaschinen'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 2.6x 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 Heidelberger Druckmaschinen Company Filings, last reported 1 month ago.

SWX:HDD Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 243.59 526.43 170.29
2019-06-30 295.00 542.00 151.00
2019-03-31 399.40 461.16 215.02
2018-12-31 361.00 470.00 120.00
2018-09-30 372.78 441.18 124.90
2018-06-30 332.00 481.00 204.00
2018-03-31 340.91 433.37 201.61
2017-12-31 345.00 423.00 180.00
2017-09-30 380.83 429.12 175.51
2017-06-30 382.00 431.00 198.00
2017-03-31 340.09 464.03 217.66
2016-12-31 246.00 412.00 131.00
2016-09-30 125.72 414.84 144.97
2016-06-30 166.96 419.94 156.69
2016-03-31 286.54 490.72 215.47
2015-12-31 338.10 482.18 204.98
2015-09-30 294.23 487.73 208.83
2015-06-30 337.32 471.23 199.94
2015-03-31 183.47 537.47 285.96
2014-12-31 202.60 465.34 221.01
2014-09-30 300.47 475.92 208.93
2014-06-30 295.16 484.62 193.70
2014-03-31 358.80 475.01 243.07
2013-12-31 348.07 471.92 207.32
2013-09-30 347.63 429.80 197.71
2013-06-30 364.08 393.83 143.95
2013-03-31 401.52 410.86 157.49
2012-12-31 376.55 453.42 136.72
  • Heidelberger Druckmaschinen's level of debt (216.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (158.9% vs 216.1% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are not well covered by earnings (EBIT is 2.7x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Heidelberger Druckmaschinen'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. Heidelberger Druckmaschinen has a total score of 2/6, 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 Heidelberger Druckmaschinen'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 Heidelberger Druckmaschinen dividends. Estimated to be 0.97% next year.
If you bought CHF2,000 of Heidelberger Druckmaschinen shares you are expected to receive CHF0 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 Heidelberger Druckmaschinen's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Heidelberger Druckmaschinen'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
SWX:HDD 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 8 Analyst Estimates (S&P Global) See Below
Switzerland Machinery Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 2.2%
Switzerland Market Average Dividend Yield Market Cap Weighted Average of 163 Stocks 2.9%
Switzerland Minimum Threshold Dividend Yield 10th Percentile 1.2%
Switzerland Bottom 25% Dividend Yield 25th Percentile 1.8%
Switzerland Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

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

SWX:HDD Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31 0.00 3.00
2021-03-31 0.03 5.00
2020-03-31 0.00 4.00
2019-11-18
SWX:HDD Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2010-06-15 0.000 0.000
2010-02-09 0.000 0.000
2010-02-01 0.000 0.000
2009-11-10 0.000 0.000
2009-10-30 0.000 0.000
2009-08-11 0.000 0.000
2009-07-30 0.000 0.000
2009-06-01 0.000 0.000

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

  • Unable to perform a dividend volatility check as Heidelberger Druckmaschinen has not reported any payouts.
  • Unable to verify if Heidelberger Druckmaschinen's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Heidelberger Druckmaschinen's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Heidelberger Druckmaschinen has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Heidelberger Druckmaschinen's dividends in 3 years as they are not expected to pay a notable one for Switzerland.
X
Income/ dividend checks
We assess Heidelberger Druckmaschinen's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - 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 Heidelberger Druckmaschinen afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Heidelberger Druckmaschinen 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 Heidelberger Druckmaschinen'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
Rainer Hundsdörfer
COMPENSATION €1,970,000
AGE 62
TENURE AS CEO 3 years
CEO Bio

Mr. Rainer Hundsdörfer has been the Chief Executive Officer and Chairman of The Board of Management at Heidelberger Druckmaschinen AG since November 14, 2016 and has been its Chief Human Resources Officer since November 14, 2016. Mr. Hundsdörfer serves as an Executive Officer of Schaeffler Technologies GmbH & Co. KG. Mr. Hundsdörfer served as the Managing Director of ebm-papst Mulfingen GmbH & Co. KG since September 1, 2012 until May 3, 2016. From 1984 to 1986, Mr. Hundsdörfer served as sales and project engineer at Fife Europe GmbH in Kelkheim. From 1986 to 2003, he was at Trumpf GmbH + Co. KG, including time spent as Vice President Sales and Marketing (Trumpf Inc., Farmington, CT, USA), as Managing Director (Trumpf Laser, Schramberg) and from 1999 as Managing Director for Marketing and Sales in Ditzingen. He served as Chairman of Management Board at Michael Weinig Aktiengesellschaft (formerly, Weinig AG) from 2003 to 2008. From 2008 to 2012, he was a member of Executive Board and as Chairman of the Industrial Management Board at Schaeffler AG. Mr. Hundsdörfer served as Chairman of ebm-papst Mulfingen GmbH & Co. KG since September 2012 until May 3, 2016 and also served as its Director until May 3, 2016. He sin Precision Engineering and in Industrial Engineering, University of Applied Sciences, Esslingen. He earned Engineering Degrees (Diplom-Ingenieur (FH)) and Industrial Engineering degree (Diplom-Wirtschaftsingenieur (FH)). He Studied for a bachelor's degree in business at Esslingen University of Applied Sciences in 1984.

CEO Compensation
  • Rainer's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Rainer's remuneration is higher than average for companies of similar size in Switzerland.
Management Team Tenure

Average tenure and age of the Heidelberger Druckmaschinen management team in years:

3
Average Tenure
54
Average Age
  • The tenure for the Heidelberger Druckmaschinen management team is about average.
Management Team

Rainer Hundsdörfer

TITLE
Chairman of Management Board
COMPENSATION
€2M
AGE
62
TENURE
3 yrs

Stephan Plenz

TITLE
CTO of Digital Technology & Member of Management Board
COMPENSATION
€1M
AGE
54
TENURE
11.3 yrs

Ulrich Hermann

TITLE
Chief Digital Officer of Lifecycle Solutions & Member of Management Board
COMPENSATION
€1M
AGE
53
TENURE
3 yrs

Marcus Wassenberg

TITLE
CFO & Financial Services and Member of Management Board
AGE
53
TENURE
0.2 yrs

Robin Karpp

TITLE
Head of Investor Relations & Group Communications
TENURE
8.8 yrs

Detlev Dierkes

TITLE
Head of Print Media Relations
AGE
62

Frank Kropp

TITLE
Head of Research & Development

André Schuengel

TITLE
Head of Application Development

Michael Finke

TITLE
Head of Advertising & Sales Media -Audi Ag
Board of Directors Tenure

Average tenure and age of the Heidelberger Druckmaschinen board of directors in years:

3.1
Average Tenure
53
Average Age
  • The tenure for the Heidelberger Druckmaschinen board of directors is about average.
Board of Directors

Siegfried Jaschinski

TITLE
Chairman of Supervisory Board
COMPENSATION
€143K
AGE
64
TENURE
4.4 yrs

Ralph Arns

TITLE
Deputy Chairman of the Supervisory Board
COMPENSATION
€81K
TENURE
1.3 yrs

Beate Schmitt

TITLE
Employee Representative Member of the Supervisory Board
COMPENSATION
€50K
AGE
53
TENURE
13.6 yrs

Mirko Geiger

TITLE
Employee Representative Member of the Supervisory Board
COMPENSATION
€54K
TENURE
14.3 yrs

Kirsten Lange

TITLE
Member of Supervisory Board
COMPENSATION
€54K
AGE
52
TENURE
4.8 yrs

Karen Heumann

TITLE
Member of Supervisory Board
COMPENSATION
€48K
AGE
53
TENURE
3.7 yrs

Oliver Jung

TITLE
Member of Supervisory Board
COMPENSATION
€48K
AGE
57
TENURE
2.5 yrs

Joachim Dencker

TITLE
Employee Representative Member of Supervisory Board
COMPENSATION
€33K
TENURE
1.3 yrs

Gerald Dörr

TITLE
Employee Representative Member of Supervisory Board
COMPENSATION
€36K
TENURE
1.3 yrs

Petra Otte

TITLE
Employee Representative Member of Supervisory Board
COMPENSATION
€32K
AGE
46
TENURE
1.3 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 Heidelberger Druckmaschinen'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. Heidelberger Druckmaschinen 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

Heidelberger Druckmaschinen Aktiengesellschaft provides products, services, consumables, and software solutions for the printing industry in Europe, the Middle East, Africa, Asia/Pacific, North America, South America, and Eastern Europe. The company operates through Heidelberg Digital Technology, Heidelberg Digital Business, and Heidelberg Financial Services segments. It offers prepress equipment, including computer-to-plate (CtP) and computer to screen equipment; press equipment, such as digital printing, sheetfed offset, inline flexo printing, narrow Web printing, and screen printing equipment; and postpress equipment comprising cutting, folding, die-cutting, hot foiling, offline inspection, folding carton gluing, and label systems, as well as used printing machines and remarketed equipment. The company also provides technical services, which include installation and relocation, maintenance and cleaning, remote support, repair, and overhauling services, as well as service parts; and performance services consisting of performance evaluation, color management, training, upgrades and retrofits, monitoring, output optimization, print shop optimization, and investment planning. In addition, it offers financial services; and consumables, such as CtP printing and analog plates, films, platemaking chemicals, proofing materials, toners, glues, staple cartridges, hole punching supplies, inks, coatings and varnishes, blankets, rollers, chemicals, pressroom supplies, cutting knives, banderoles, dispersion glues, binding glues, stitching wires and sealing threads, and folding carton gluing supplies. The company was formerly known as Schnellpressenfabrik AG Heidelberg and changed its name to Heidelberger Druckmaschinen Aktiengesellschaft in 1967. Heidelberger Druckmaschinen Aktiengesellschaft was founded in 1850 and is based in Heidelberg, Germany.

Details
Name: Heidelberger Druckmaschinen Aktiengesellschaft
HDD
Exchange: SWX
Founded: 1850
€430,578,007
304,336,081
Website: http://www.heidelberg.com
Address: Heidelberger Druckmaschinen Aktiengesellschaft
Kurfürsten-Anlage 52-60,
Heidelberg,
Baden-Württemberg, 69115,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA HDD Bearer Shares XETRA Trading Platform DE EUR 08. Dec 1997
OTCPK HBGR.F Bearer Shares Pink Sheets LLC US USD 08. Dec 1997
DB HDD Bearer Shares Deutsche Boerse AG DE EUR 08. Dec 1997
LSE 0OC2 Bearer Shares London Stock Exchange GB EUR 08. Dec 1997
SWX HDD Bearer Shares SIX Swiss Exchange CH CHF 08. Dec 1997
WBAG HDD Bearer Shares Wiener Boerse AG AT EUR 08. Dec 1997
BATS-CHIXE HDDD Bearer Shares BATS 'Chi-X Europe' GB EUR 08. Dec 1997
OTCPK HBGR.Y UNSPONSORD ADR Pink Sheets LLC US USD 13. Oct 2008
Number of employees
Current staff
Staff numbers
11,471
Heidelberger Druckmaschinen employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/18 21:46
End of day share price update: 2019/11/18 00:00
Last estimates confirmation: 2019/11/14
Last earnings filing: 2019/11/06
Last earnings reported: 2019/09/30
Last annual earnings reported: 2019/03/31


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.