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Axel Springer

SWX:SPR
Snowflake Description

Average dividend payer with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SPR
SWX
€7B
Market Cap
  1. Home
  2. CH
  3. Media
Company description

Axel Springer SE operates as a publishing company primarily in Europe and the United States. The last earnings update was 93 days ago. More info.


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SPR Share Price and Events
7 Day Returns
0%
SWX:SPR
-1.4%
Europe Media
-0.3%
CH Market
1 Year Returns
-13.7%
SWX:SPR
-2.8%
Europe Media
13.4%
CH Market
SPR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Axel Springer (SPR) 0% 0% 0% -13.7% 26.4% 6.5%
Europe Media -1.4% 0.9% 2.2% -2.8% -12.5% -15.2%
CH Market -0.3% 2% 5.7% 13.4% 21% 14%
1 Year Return vs Industry and Market
  • SPR underperformed the Media industry which returned -2.8% over the past year.
  • SPR underperformed the Market in Switzerland which returned 13.4% over the past year.
Price Volatility
SPR
Industry
5yr Volatility vs Market

SPR Value

 Is Axel Springer 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 Axel Springer 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 Axel Springer.

SWX:SPR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.8%
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:SPR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CH Govt Bond Rate 3.3%
Equity Risk Premium S&P Global 6%
Media Unlevered Beta Simply Wall St/ S&P Global 0.77
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.77 (1 + (1- 30%) (24.39%))
0.934
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.93
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.28% + (0.934 * 5.96%)
8.84%

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

The calculations below outline how an intrinsic value for Axel Springer 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:SPR DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 8.84%)
2020 281.33 Analyst x3 258.48
2021 313.50 Analyst x2 264.63
2022 321.25 Est @ 2.47% 249.14
2023 329.97 Est @ 2.71% 235.11
2024 339.48 Est @ 2.88% 222.23
2025 349.66 Est @ 3% 210.30
2026 360.44 Est @ 3.08% 199.17
2027 371.76 Est @ 3.14% 188.74
2028 383.58 Est @ 3.18% 178.92
2029 395.89 Est @ 3.21% 169.66
Present value of next 10 years cash flows €2,176.00
SWX:SPR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €395.89 × (1 + 3.28%) ÷ (8.84% – 3.28%)
€7,342.97
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €7,342.97 ÷ (1 + 8.84%)10
€3,146.78
SWX:SPR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €2,176.00 + €3,146.78
€5,322.78
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €5,322.78 / 107.90
€49.33
SWX:SPR Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in SWX:SPR represents 0.90808x of XTRA:SPR
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.90808x
Value per Share
(Listing Adjusted, CHF)
= Value per Share (EUR) x Listing Adjustment Factor
= € 49.33 x 0.90808
CHF44.80
Value per share (CHF) From above. CHF44.80
Current discount Discount to share price of CHF57.30
= -1 x (CHF57.30 - CHF44.80) / CHF44.80
-27.9%

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

  • The current share price of Axel Springer 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 Axel Springer's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Axel Springer's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SWX:SPR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €1.17
XTRA:SPR Share Price ** XTRA (2019-11-14) in EUR €63.1
Europe Media Industry PE Ratio Median Figure of 112 Publicly-Listed Media Companies 17.64x
Switzerland Market PE Ratio Median Figure of 171 Publicly-Listed Companies 19.24x

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

** Primary Listing of Axel Springer.

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

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

= 63.1 ÷ 1.17

53.86x

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

  • Axel Springer is overvalued based on earnings compared to the Europe Media industry average.
  • Axel Springer is overvalued based on earnings compared to the Switzerland market.
Price based on expected Growth
Does Axel Springer's expected growth come at a high price?
Raw Data
SWX:SPR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 53.86x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
5.2%per year
Europe Media Industry PEG Ratio Median Figure of 64 Publicly-Listed Media Companies 1.8x
Switzerland Market PEG Ratio Median Figure of 124 Publicly-Listed Companies 2.19x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 53.86x ÷ 5.2%

10.42x

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

  • Axel Springer is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Axel Springer's assets?
Raw Data
SWX:SPR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €21.93
XTRA:SPR Share Price * XTRA (2019-11-14) in EUR €63.1
Europe Media Industry PB Ratio Median Figure of 166 Publicly-Listed Media Companies 1.34x
Switzerland Market PB Ratio Median Figure of 214 Publicly-Listed Companies 1.65x
SWX:SPR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 63.1 ÷ 21.93

2.88x

* Primary Listing of Axel Springer.

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

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

SPR Future Performance

 How is Axel Springer expected to perform in the next 1 to 3 years based on estimates from 10 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
5.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Axel Springer expected to grow at an attractive rate?
  • Axel Springer's earnings growth is expected to exceed the low risk savings rate of 3.3%.
Growth vs Market Checks
  • Axel Springer's earnings growth is positive but not above the Switzerland market average.
  • Axel Springer's revenue growth is positive but not above the Switzerland market average.
Annual Growth Rates Comparison
Raw Data
SWX:SPR Future Growth Rates Data Sources
Data Point Source Value (per year)
SWX:SPR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 5.2%
SWX:SPR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 2.8%
Europe Media Industry Earnings Growth Rate Market Cap Weighted Average 10.9%
Europe Media Industry Revenue Growth Rate Market Cap Weighted Average 2.9%
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:SPR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SWX:SPR Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 3,605 1
2022-12-31 3,500 1
2021-12-31 3,319 552 228 9
2020-12-31 3,217 489 200 10
2019-12-31 3,163 522 230 10
2019-11-15
SWX:SPR Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 3,151 505 126
2019-03-31 3,179 524 151
2018-12-31 3,181 566 181
2018-09-30 3,160 511 432
2018-06-30 3,142 508 412
2018-03-31 3,106 523 379
2017-12-31 3,056 491 344
2017-09-30 3,125 476 217
2017-06-30 3,179 395 268
2017-03-31 3,230 388 262
2016-12-31 3,290 359 425
2016-09-30 3,309 357 380

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Axel Springer's earnings are expected to grow by 5.2% yearly, however this is not considered high growth (20% yearly).
  • Axel Springer'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:SPR 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 10 Analyst Estimates (S&P Global) See Below

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

SWX:SPR 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 2.19 2.87 1.73 6.00
2020-12-31 1.85 2.56 1.26 7.00
2019-12-31 2.02 2.72 1.48 7.00
2019-11-15
SWX:SPR Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 1.17
2019-03-31 1.39
2018-12-31 1.68
2018-09-30 4.00
2018-06-30 3.82
2018-03-31 3.52
2017-12-31 3.19
2017-09-30 2.01
2017-06-30 2.48
2017-03-31 2.42
2016-12-31 3.94
2016-09-30 3.57

*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.
  • Axel Springer is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Axel Springer'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.
Axel Springer has a total score of 1/6, 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.

SPR Past Performance

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

SWX:SPR Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 3,150.90 126.40 302.60
2019-03-31 3,179.00 150.50 302.60
2018-12-31 3,180.70 181.00 302.60
2018-09-30 3,159.50 431.90 326.20
2018-06-30 3,142.20 411.70 326.20
2018-03-31 3,105.50 379.40 326.20
2017-12-31 3,055.50 344.20 326.20
2017-09-30 3,125.40 216.90 304.10
2017-06-30 3,179.10 268.00 304.10
2017-03-31 3,230.30 261.50 304.10
2016-12-31 3,290.20 425.40 304.10
2016-09-30 3,309.00 380.10 286.60
2016-06-30 3,302.90 429.00 286.60
2016-03-31 3,297.70 421.30 286.60
2015-12-31 3,294.90 249.60 286.60
2015-09-30 3,232.70 210.50 218.00
2015-06-30 3,178.40 133.60 218.00
2015-03-31 3,126.20 107.70 218.00
2014-12-31 3,037.90 131.50 218.00
2014-09-30 2,942.10 155.90 199.50
2014-06-30 2,885.80 118.00 199.50
2014-03-31 2,830.30 143.50 199.50
2013-12-31 2,801.40 132.00 199.50
2013-09-30 2,366.80 108.20 198.70
2013-06-30 2,469.30 104.40 198.70
2013-03-31 2,611.70 136.20 198.70
2012-12-31 2,737.30 153.10 198.70

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

SPR Health

 How is Axel Springer'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 Axel Springer's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Axel Springer's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Axel Springer's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Axel Springer'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.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.8x 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 Axel Springer Company Filings, last reported 4 months ago.

SWX:SPR Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 2,799.80 1,657.90 161.00
2019-03-31 2,982.60 1,532.20 292.20
2018-12-31 2,884.20 1,151.20 281.50
2018-09-30 2,942.20 1,557.60 240.20
2018-06-30 2,873.50 1,634.40 217.80
2018-03-31 2,860.30 1,625.20 233.40
2017-12-31 2,802.40 1,236.80 216.80
2017-09-30 2,503.30 1,476.00 250.80
2017-06-30 2,499.40 1,466.70 232.00
2017-03-31 2,703.20 1,259.50 263.00
2016-12-31 2,638.60 1,259.30 224.10
2016-09-30 2,526.60 1,274.30 252.30
2016-06-30 2,441.50 1,114.10 270.10
2016-03-31 2,614.50 1,193.10 290.70
2015-12-31 2,511.50 1,252.90 253.80
2015-09-30 2,356.20 1,006.90 203.40
2015-06-30 2,329.50 1,278.90 285.20
2015-03-31 2,476.10 993.30 331.10
2014-12-31 2,505.70 1,050.90 383.10
2014-09-30 2,876.80 570.50 406.20
2014-06-30 2,903.30 569.40 465.00
2014-03-31 2,349.30 689.60 254.20
2013-12-31 2,244.00 655.30 248.60
2013-09-30 2,227.40 598.50 254.30
2013-06-30 2,188.90 679.10 255.70
2013-03-31 2,305.00 568.80 248.00
2012-12-31 2,253.10 651.20 254.10
  • Axel Springer's level of debt (45.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (17.4% vs 45.7% today).
  • Debt is well covered by operating cash flow (39.5%, greater than 20% of total debt).
  • Axel Springer earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Axel Springer'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. Axel Springer 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.

SPR Dividends

 What is Axel Springer'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
3.33%
Current annual income from Axel Springer dividends. Estimated to be 3.51% next year.
If you bought CHF2,000 of Axel Springer shares you are expected to receive CHF67 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?
  • Axel Springer's pays a higher dividend yield than the bottom 25% of dividend payers in Switzerland (1.84%).
  • Axel Springer's dividend is below the markets top 25% of dividend payers in Switzerland (3.65%).
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:SPR 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 10 Analyst Estimates (S&P Global) See Below
Europe Media Industry Average Dividend Yield Market Cap Weighted Average of 88 Stocks 4.5%
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:SPR Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 2.30 9.00
2020-12-31 2.20 10.00
2019-12-31 2.14 10.00
2019-11-15
SWX:SPR Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-07 2.100 3.694
2018-03-08 2.000 3.389
2017-03-09 1.900 3.293
2016-03-03 1.800 3.851
2015-03-04 1.800 3.562
2014-03-06 1.800 3.885
2013-02-22 1.700 4.359
2013-01-15 1.700 4.912
2012-02-22 1.700 4.908
2012-01-16 1.700 4.684
2011-04-18 1.600 5.106
2010-03-11 1.467 4.490
2010-03-10 1.467 5.197
2009-03-02 1.467 6.622

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Axel Springer's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
X
Income/ dividend checks
We assess Axel Springer'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 Axel Springer afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Axel Springer has a total score of 4/6, see the detailed checks below.


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

SPR Management

 What is the CEO of Axel Springer'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
Mathias Döpfner
AGE 56
TENURE AS CEO 17.8 years
CEO Bio

Dr. Mathias Döpfner has been Director at Netflix Inc. since September 18, 2018. Dr. Döpfner is Chairman and CEO and (with 3 percent) one of the largest shareholders of Axel Springer SE in Berlin, Europe’s leading digital publishing house. Publishing brands include BILD, DIE WELT, BUSINESS INSIDER and POLITICO Europe. He has been with Axel Springer SE since 1998, initially as editor-in-chief of Die Welt and since 2000 as a member of the Management Board. Since he became CEO of Axel Springer in 2002 he focused on digital transformation and revenues from digital activities increased from €117m to €2.5bn. EBITDA from digital went up from €-12 to €582m, accounting for 80 percent of the company’s EBITDA. He is a member of the Board of Directors of Warner Music Group, holds honorary offices at, among others, the American Academy, the American Jewish Committee, the Federation of German Newspaper Publishers (BDZV) and the European Publishers Council (EPC). In 2010, he was visiting professor in media at the University of Cambridge and became a member of St John’s College. He studied Musicology, German, and Theatrical Arts in Frankfurt and Boston.

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

Average tenure and age of the Axel Springer management team in years:

5.3
Average Tenure
49
Average Age
  • The average tenure for the Axel Springer management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Mathias Döpfner

TITLE
CEO & Chairman of the Executive Board
AGE
56
TENURE
17.8 yrs

Julian Deutz

TITLE
CFO & Member of the Executive Board
AGE
51
TENURE
5.6 yrs

Andreas Wiele

TITLE
President of Classified Media & Member of Executive Board
AGE
57
TENURE
19.8 yrs

Jan Bayer

TITLE
President of News Media International & Member of Executive Board
AGE
49
TENURE
7.8 yrs

Stephanie Caspar

TITLE
President of News Media National & Technology and Member of Executive Board
AGE
46
TENURE
1.7 yrs

Malte Wienker

TITLE
Deputy Head of Corporate Communications & Member of the Executive Board
AGE
37

Daniel Fard-Yazdani

TITLE
Head of Investor Relations & Head of Sustainability
AGE
45
TENURE
0.4 yrs

Dietrich von Klaeden

TITLE
Group Managing Director of Public Affairs

Peter Würtenberger

TITLE
Executive Vice President of Corporate Development
AGE
52
TENURE
4.3 yrs

Bianca-Maria Mota

TITLE
Head of Brand Communications & Corporate Issues and Deputy Head of Corporate Communications
AGE
37
TENURE
5.1 yrs
Board of Directors Tenure

Average tenure and age of the Axel Springer board of directors in years:

3.6
Average Tenure
61
Average Age
  • The tenure for the Axel Springer board of directors is about average.
Board of Directors

Ralph Büchi

TITLE
Chairman of Supervisory Board
AGE
62
TENURE
0.6 yrs

Friede Springer

TITLE
Vice Chairwoman of the Supervisory Board
AGE
77

Ulrich Plett

TITLE
Member of Supervisory Board
AGE
62
TENURE
0.6 yrs

Oliver Heine

TITLE
Member of the Supervisory Board
AGE
57
TENURE
14.6 yrs

Nicola Leibinger-Kammüller

TITLE
Member of the Supervisory Board
AGE
60
TENURE
9.8 yrs

Wolfgang Reitzle

TITLE
Member of the Supervisory Board
AGE
70
TENURE
5.6 yrs

Martin Varsavsky

TITLE
Member of the Supervisory Board
TENURE
5.6 yrs

Alex Karp

TITLE
Member of the Supervisory Board
AGE
52
TENURE
1.6 yrs

Iris Knobloch

TITLE
Member of Supervisory Board
AGE
56
TENURE
1.6 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 Axel Springer'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. Axel Springer 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.

SPR News

Simply Wall St News

SPR Company Info

Description

Axel Springer SE operates as a publishing company primarily in Europe and the United States. The company operates through three segments: Classifieds Media, News Media, and Marketing Media. The Classifieds Media segment operates a portfolio of online classified portals in the areas of real estate, jobs, cars, and general. This segment operates SeLoger, Immoweb, and Immowelt/Immonet real estate portals; Totaljobs, Jobsite, and Saongroup job portals; meinestadt.de, a regional portal; Traum-Ferienwohnungen and DanCenter holiday properties portal; and car and general classified ad portals, including LaCentrale and Yad2. The News Media segment offers newspapers primarily under the BILD am SONNTAG, B.Z., WELT AM SONNTAG, and DIE WELT names in Berlin and rest of Germany, as well as the FAKT name in Poland; automotive, computer, and sports magazines under the AUTO BILD, COMPUTER BILD, and SPORT BILD brand names; and a tabloid under the BLIKK name in Hungary. This segment also operates Internet portals, such as Onet.pl and azet.sk; profession.hu, a job portal; WELT, a news channel; BILD.de, a news and entertainment portal; WELT.de, a news portal; Upday, a mobile news portal; businessinsider.com; Autobild.de, a digital appearances of the magazine; and INSIDER and Business Insider portals. Its digital offerings also comprise analytics, studies, and digital market data for companies and institutions. The Marketing Media segment provides advertising services on performance or reach based marketing. The company distributes its print media primarily through press wholesale companies, station book trade, and press import companies; and digital products principally through its Web pages or download platforms, including the app stores of Apple and Google. Axel Springer SE was founded in 1946 and is headquartered in Berlin, Germany.

Details
Name: Axel Springer SE
SPR
Exchange: SWX
Founded: 1946
€7,440,574,835
107,895,311
Website: http://www.axelspringer.com/de/
Address: Axel Springer SE
Axel-Springer-Strasse 65,
Berlin,
Berlin, 10888,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA SPR Registered Shares XETRA Trading Platform DE EUR 02. Jan 1992
OTCPK AXEL.F Registered Shares Pink Sheets LLC US USD 02. Jan 1992
DB SPR Registered Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0NV2 Registered Shares London Stock Exchange GB EUR 02. Jan 1992
SWX SPR Registered Shares SIX Swiss Exchange CH CHF 02. Jan 1992
WBAG SPR Registered Shares Wiener Boerse AG AT EUR 02. Jan 1992
BATS-CHIXE SPRD Registered Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
OTCPK AXSP.Y ADR Pink Sheets LLC US USD 21. Jun 2013
XTRA SPRA NPV (ASD 02/08/2019 TRAVIATA CSH) XETRA Trading Platform DE EUR 10. Jul 2019
DB SPRA NPV (ASD 02/08/2019 TRAVIATA CSH) Deutsche Boerse AG DE EUR 10. Jul 2019
BATS-CHIXE SPRAD NPV (ASD 02/08/2019 TRAVIATA CSH) BATS 'Chi-X Europe' GB EUR 10. Jul 2019
Number of employees
Current staff
Staff numbers
16,233
Axel Springer employees.
Industry
Publishing
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/15 21:32
End of day share price update: 2019/11/14 00:00
Last estimates confirmation: 2019/11/12
Last earnings filing: 2019/08/14
Last earnings reported: 2019/06/30
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.