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Wacker Neuson

SWX:WAC
Snowflake Description

Established dividend payer and good value.

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

Wacker Neuson SE manufactures and distributes light and compact equipment under the Wacker Neuson, Kramer, and Weidemann brand names in Europe, the Americas, and Asia-Pacific. The last earnings update was 11 days ago. More info.


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WAC Share Price and Events
7 Day Returns
0%
SWX:WAC
-0.3%
CH Machinery
-0%
CH Market
1 Year Returns
-5.2%
SWX:WAC
14.4%
CH Machinery
13.3%
CH Market
WAC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Wacker Neuson (WAC) 0% 0% 0% -5.2% 69% 19%
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
  • WAC underperformed the Machinery industry which returned 14.4% over the past year.
  • WAC underperformed the Market in Switzerland which returned 13.3% over the past year.
Price Volatility
WAC
Industry
5yr Volatility vs Market

WAC Value

 Is Wacker Neuson 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 Wacker Neuson 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 Wacker Neuson.

SWX:WAC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.2%
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:WAC
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%) (55.71%))
1.334
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.33
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.28% + (1.334 * 5.96%)
11.23%

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

The calculations below outline how an intrinsic value for Wacker Neuson 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:WAC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 11.23%)
2020 105.94 Analyst x5 95.25
2021 99.58 Analyst x5 80.49
2022 96.59 Est @ -3.01% 70.19
2023 95.50 Est @ -1.12% 62.40
2024 95.69 Est @ 0.2% 56.21
2025 96.76 Est @ 1.12% 51.10
2026 98.47 Est @ 1.77% 46.76
2027 100.66 Est @ 2.22% 42.97
2028 103.21 Est @ 2.54% 39.61
2029 106.06 Est @ 2.76% 36.60
Present value of next 10 years cash flows €581.00
SWX:WAC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €106.06 × (1 + 3.28%) ÷ (11.23% – 3.28%)
€1,377.39
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €1,377.39 ÷ (1 + 11.23%)10
€475.28
SWX:WAC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €581.00 + €475.28
€1,056.28
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €1,056.28 / 70.14
€15.06
SWX:WAC Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in SWX:WAC represents 1.53186x of XTRA:WAC
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.53186x
Value per Share
(Listing Adjusted, CHF)
= Value per Share (EUR) x Listing Adjustment Factor
= € 15.06 x 1.53186
CHF23.07
Value per share (CHF) From above. CHF23.07
Current discount Discount to share price of CHF24.28
= -1 x (CHF24.28 - CHF23.07) / CHF23.07
-5.2%

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

  • The current share price of Wacker Neuson 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 Wacker Neuson's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Wacker Neuson's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SWX:WAC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in EUR €1.46
XTRA:WAC Share Price ** XTRA (2019-11-18) in EUR €15.85
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 Wacker Neuson.

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

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

= 15.85 ÷ 1.46

10.84x

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

  • Wacker Neuson is good value based on earnings compared to the CH Machinery industry average.
  • Wacker Neuson is good value based on earnings compared to the Switzerland market.
Price based on expected Growth
Does Wacker Neuson's expected growth come at a high price?
Raw Data
SWX:WAC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.84x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
13.5%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:WAC PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.84x ÷ 13.5%

0.81x

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

  • Wacker Neuson is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Wacker Neuson's assets?
Raw Data
SWX:WAC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in EUR €17.52
XTRA:WAC Share Price * XTRA (2019-11-18) in EUR €15.85
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:WAC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 15.85 ÷ 17.52

0.9x

* Primary Listing of Wacker Neuson.

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

  • Wacker Neuson is good value based on assets compared to the CH Machinery industry average.
X
Value checks
We assess Wacker Neuson'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. Wacker Neuson 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.

WAC Future Performance

 How is Wacker Neuson expected to perform in the next 1 to 3 years based on estimates from 6 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
13.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Wacker Neuson expected to grow at an attractive rate?
  • Wacker Neuson's earnings growth is expected to exceed the low risk savings rate of 3.3%.
Growth vs Market Checks
  • Wacker Neuson's earnings growth is expected to exceed the Switzerland market average.
  • Wacker Neuson's revenue growth is positive but not above the Switzerland market average.
Annual Growth Rates Comparison
Raw Data
SWX:WAC Future Growth Rates Data Sources
Data Point Source Value (per year)
SWX:WAC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 13.5%
SWX:WAC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 2.6%
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:WAC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SWX:WAC Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 2,050 2
2022-12-31 2,026 2
2021-12-31 2,004 182 138 5
2020-12-31 1,913 197 124 6
2019-12-31 1,863 34 105 4
2019-11-18
SWX:WAC Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-09-30 1,884 -136 103
2019-06-30 1,832 -128 105
2019-03-31 1,771 -92 151
2018-12-31 1,707 -18 145
2018-09-30 1,632 37 139
2018-06-30 1,595 89 140
2018-03-31 1,566 116 93
2017-12-31 1,534 138 88
2017-09-30 1,490 60 82
2017-06-30 1,427 58 65
2017-03-31 1,383 66 55
2016-12-31 1,361 79 57

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Wacker Neuson's earnings are expected to grow by 13.5% yearly, however this is not considered high growth (20% yearly).
  • Wacker Neuson's revenue is expected to grow by 2.6% 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:WAC 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 6 Analyst Estimates (S&P Global) See Below

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

SWX:WAC Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 1.93 2.22 1.66 5.00
2020-12-31 1.74 1.98 1.55 6.00
2019-12-31 1.51 1.52 1.50 2.00
2019-11-18
SWX:WAC Past Financials Data
Date (Data in EUR Millions) EPS *
2019-09-30 1.46
2019-06-30 1.49
2019-03-31 2.15
2018-12-31 2.06
2018-09-30 1.98
2018-06-30 1.99
2018-03-31 1.33
2017-12-31 1.25
2017-09-30 1.17
2017-06-30 0.93
2017-03-31 0.78
2016-12-31 0.81

*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.
  • Wacker Neuson is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Wacker Neuson'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.
Wacker Neuson has a total score of 2/6, 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.

WAC Past Performance

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

SWX:WAC 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 1,883.50 102.70 309.70 38.30
2019-06-30 1,832.10 104.60 304.50 36.60
2019-03-31 1,770.60 150.80 296.60 36.90
2018-12-31 1,706.50 144.60 290.20 35.90
2018-09-30 1,632.40 138.50 268.70 35.20
2018-06-30 1,595.30 139.70 268.30 35.70
2018-03-31 1,565.90 93.00 268.20 35.30
2017-12-31 1,533.90 87.50 271.80 35.80
2017-09-30 1,490.28 81.97 273.66 34.87
2017-06-30 1,427.32 65.21 270.40 35.15
2017-03-31 1,383.48 54.75 270.32 35.15
2016-12-31 1,361.40 56.80 262.10 34.80
2016-09-30 1,371.44 58.25 257.77 35.00
2016-06-30 1,366.69 54.73 259.09 34.69
2016-03-31 1,367.43 55.97 257.15 34.34
2015-12-31 1,375.33 66.16 257.70 33.59
2015-09-30 1,365.51 76.28 255.44 32.99
2015-06-30 1,370.70 94.22 249.27 32.32
2015-03-31 1,317.00 98.55 239.06 29.93
2014-12-31 1,284.26 91.51 234.13 28.77
2014-09-30 1,233.30 88.34 230.60 26.20
2014-06-30 1,193.45 78.76 225.65 25.50
2014-03-31 1,194.01 69.03 231.97 25.45
2013-12-31 1,159.52 61.17 233.80 25.69
2013-09-30 1,141.50 51.48 232.79 27.63
2013-06-30 1,119.64 48.14 234.99 27.79
2013-03-31 1,074.83 43.44 228.83 27.60
2012-12-31 1,091.72 54.13 222.79 26.75

*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.
  • Wacker Neuson has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Wacker Neuson used its assets less efficiently than the CH Machinery industry average last year based on Return on Assets.
  • Wacker Neuson has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Wacker Neuson'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.
Wacker Neuson 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.

WAC Health

 How is Wacker Neuson'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 Wacker Neuson's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Wacker Neuson is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Wacker Neuson's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Wacker Neuson'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 2.4x 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 Wacker Neuson Company Filings, last reported 1 month ago.

SWX:WAC Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 1,217.20 536.60 43.60
2019-06-30 1,187.60 535.20 69.20
2019-03-31 1,240.80 380.70 42.80
2018-12-31 1,221.40 248.50 48.70
2018-09-30 1,200.10 246.60 60.60
2018-06-30 1,171.10 246.80 65.90
2018-03-31 1,123.60 240.30 57.80
2017-12-31 1,113.70 175.30 30.00
2017-09-30 1,102.51 232.95 45.17
2017-06-30 1,083.35 270.75 30.57
2017-03-31 1,101.55 251.23 16.53
2016-12-31 1,092.50 223.30 19.30
2016-09-30 1,067.18 238.37 16.85
2016-06-30 1,057.23 276.48 21.47
2016-03-31 1,067.47 250.89 19.07
2015-12-31 1,069.08 224.03 27.14
2015-09-30 1,050.62 259.95 22.74
2015-06-30 1,050.63 279.20 26.28
2015-03-31 1,069.14 245.64 21.86
2014-12-31 1,016.22 193.62 18.88
2014-09-30 994.30 216.82 21.14
2014-06-30 956.06 215.84 14.99
2014-03-31 953.67 207.71 24.12
2013-12-31 939.35 192.52 17.22
2013-09-30 927.52 230.42 16.30
2013-06-30 916.74 270.54 15.85
2013-03-31 929.16 276.75 19.77
2012-12-31 918.16 232.77 20.43
  • Wacker Neuson's level of debt (44.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (21.8% vs 44.1% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 27x coverage).
X
Financial health checks
We assess Wacker Neuson'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. Wacker Neuson has a total score of 3/6, 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.

WAC Dividends

 What is Wacker Neuson'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
3.79%
Current annual income from Wacker Neuson dividends. Estimated to be 4.7% next year.
If you bought CHF2,000 of Wacker Neuson shares you are expected to receive CHF76 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?
  • Wacker Neuson's pays a higher dividend yield than the bottom 25% of dividend payers in Switzerland (1.85%).
  • Wacker Neuson's dividend is above the markets top 25% of dividend payers in Switzerland (3.6%).
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:WAC 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 6 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:WAC Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.81 5.00
2020-12-31 0.73 6.00
2019-12-31 0.63 2.00
2019-11-18
SWX:WAC Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-05-29 0.600 3.432
2018-03-20 0.600 2.737
2018-01-15 0.600 1.995
2017-05-30 0.500 2.009
2016-05-31 0.500 3.255
2015-03-16 0.500 3.241
2015-01-15 0.500 2.568
2014-05-27 0.400 2.469
2013-05-29 0.300 2.604
2012-08-09 0.500 4.656
2012-04-11 0.500 4.352
2012-03-22 0.500 3.902
2011-03-24 0.170 1.599
2011-01-17 0.170 1.398
2010-11-08 0.000 0.000
2010-10-15 0.000 0.000
2010-07-30 0.000 0.000
2010-04-30 0.000 0.000
2010-04-08 0.000 0.000
2010-03-26 0.000 0.000
2009-03-02 0.190 2.600

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Wacker Neuson's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.4x coverage).
X
Income/ dividend checks
We assess Wacker Neuson'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 Wacker Neuson afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Wacker Neuson has a total score of 5/6, see the detailed checks below.


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

WAC Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Martin Lehner
AGE 53
TENURE AS CEO 2.2 years
CEO Bio

Mr. Martin Lehner has been Member of Executive Board at Wacker Neuson SE since October 2007 and its Chief Executive Officer since September 2017. Mr. Lehner served as Chief Technology Officer at Wacker Neuson SE until September 2017 and also served as its Deputy Chief Executive Officer until December 15, 2016. Mr. Lehner is responsible for Compact Equipment business segment of Wacker Neuson. He served as a Member of Group management and Chief Executive Officer of NEUSON KRAMER Baumaschinen AG since 1998. Mr. Lehner serves as a Director at Neuson Kramer Baumaschinen Ag and Wacker Neuson AG.

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

Average tenure and age of the Wacker Neuson management team in years:

2.8
Average Tenure
53
Average Age
  • The tenure for the Wacker Neuson management team is about average.
Management Team

Martin Lehner

TITLE
CEO & Member of Executive Board
AGE
53
TENURE
2.2 yrs

Wilfried Trepels

TITLE
CFO & Member of Executive Board
AGE
55
TENURE
2.8 yrs

Alexander Greschner

TITLE
Chief Sales Officer & Member of Executive Board
AGE
48
TENURE
2.8 yrs

Katrin Neuffer

TITLE
Head of Corporate Communication & Investor Relations
Board of Directors Tenure

Average tenure of the Wacker Neuson board of directors in years:

5.5
Average Tenure
  • The tenure for the Wacker Neuson board of directors is about average.
Board of Directors

Hans Neunteufel

TITLE
Chairman of Supervisory Board

Ralph Wacker

TITLE
Deputy Chairman of Supervisory Board

Kurt Helletzgruber

TITLE
Member of Supervisory Board
AGE
66
TENURE
12.1 yrs

Matthias Schüppen

TITLE
Member of Supervisory Board
AGE
58
TENURE
5.5 yrs

Elvis Schwarzmair

TITLE
Member of Supervisory Board

Christian Kekelj

TITLE
Member of Supervisory Board
TENURE
2.4 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 Wacker Neuson'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. Wacker Neuson 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.

WAC News

Simply Wall St News

WAC Company Info

Description

Wacker Neuson SE manufactures and distributes light and compact equipment under the Wacker Neuson, Kramer, and Weidemann brand names in Europe, the Americas, and Asia-Pacific. It operates through three segments: Light Equipment, Compact Equipment, and Services. The company offers internal and external vibrators for concrete compaction; trowels and screeds for concrete finishing; rammers, vibratory plates, and rollers for soil compaction; demolition products and saws; lighting; generators; pumps; and heaters. It also provides repair, maintenance, and spare parts; and used equipment, as well as rental, leasing, financing, training, telematics, and e-business services. In addition, the company offers compact construction equipment, including excavators, wheel loaders, telescopic handlers, skid steer and backhoe loaders, compact track loaders, and wheel and track dumpers. It serves construction, gardening, landscaping, and agriculture sectors, as well as municipal bodies and companies in the recycling, energy, oil and gas, and rail transport sectors. Wacker Neuson SE was founded in 1848 and is headquartered in Munich, Germany.

Details
Name: Wacker Neuson SE
WAC
Exchange: SWX
Founded: 1848
€1,215,089,106
70,140,000
Website: http://wackerneusongroup.com
Address: Wacker Neuson SE
Preussenstrasse 41,
Munich,
Bavaria, 80809,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA WAC Ordinary Shares XETRA Trading Platform DE EUR 15. May 2007
OTCPK WKRC.F Ordinary Shares Pink Sheets LLC US USD 15. May 2007
DB WAC Ordinary Shares Deutsche Boerse AG DE EUR 15. May 2007
LSE 0K11 Ordinary Shares London Stock Exchange GB EUR 15. May 2007
SWX WAC Ordinary Shares SIX Swiss Exchange CH CHF 15. May 2007
WBAG WAC Ordinary Shares Wiener Boerse AG AT EUR 15. May 2007
BATS-CHIXE WACD Ordinary Shares BATS 'Chi-X Europe' GB EUR 15. May 2007
Number of employees
Current staff
Staff numbers
6,417
Wacker Neuson employees.
Industry
Construction Machinery and Heavy Trucks
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/18 21:47
End of day share price update: 2019/11/18 00:00
Last estimates confirmation: 2019/11/13
Last earnings filing: 2019/11/07
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


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

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