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Autoneum Holding

DB:AN9
Snowflake Description

Moderate growth potential and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AN9
DB
CHF519M
Market Cap
  1. Home
  2. DE
  3. Automobiles
Company description

Autoneum Holding AG develops and manufactures acoustic and thermal management solutions for the automotive market. The last earnings update was 62 days ago. More info.


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AN9 Share Price and Events
7 Day Returns
0%
DB:AN9
-4.9%
DE Auto Components
-0.6%
DE Market
1 Year Returns
-29.7%
DB:AN9
-25.8%
DE Auto Components
-5.5%
DE Market
AN9 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Autoneum Holding (AN9) 0% 0% 0.7% -29.7% -51.3% -0.8%
DE Auto Components -4.9% 11% -4.6% -25.8% -35.1% -25.7%
DE Market -0.6% 4.9% 0.9% -5.5% 7.9% 14.2%
1 Year Return vs Industry and Market
  • AN9 underperformed the Auto Components industry which returned -25.8% over the past year.
  • AN9 underperformed the Market in Germany which returned -5.5% over the past year.
Price Volatility
AN9
Industry
5yr Volatility vs Market

Value

 Is Autoneum Holding 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 Autoneum Holding 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 Autoneum Holding.

DB:AN9 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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 DB:AN9
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Auto Components Unlevered Beta Simply Wall St/ S&P Global 1.26
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.257 (1 + (1- 18%) (143.68%))
2.164
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (2 * 5.96%)
12.15%

Discounted Cash Flow Calculation for DB:AN9 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Autoneum Holding 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.

DB:AN9 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CHF, Millions) Source Present Value
Discounted (@ 12.15%)
2020 26.20 Analyst x2 23.36
2021 42.65 Analyst x2 33.91
2022 55.81 Est @ 30.86% 39.57
2023 67.91 Est @ 21.67% 42.93
2024 78.25 Est @ 15.24% 44.11
2025 86.65 Est @ 10.73% 43.56
2026 93.23 Est @ 7.58% 41.78
2027 98.24 Est @ 5.38% 39.26
2028 102.00 Est @ 3.83% 36.35
2029 104.81 Est @ 2.75% 33.30
Present value of next 10 years cash flows CHF378.00
DB:AN9 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CHF104.81 × (1 + 0.23%) ÷ (12.15% – 0.23%)
CHF881.26
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CHF881.26 ÷ (1 + 12.15%)10
CHF280.02
DB:AN9 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CHF378.00 + CHF280.02
CHF658.02
Equity Value per Share
(CHF)
= Total value / Shares Outstanding
= CHF658.02 / 4.65
CHF141.44
DB:AN9 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:AN9 represents 1.09148x of SWX:AUTN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.09148x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CHF) x Listing Adjustment Factor
= CHF 141.44 x 1.09148
€154.38
Value per share (EUR) From above. €154.38
Current discount Discount to share price of €121.70
= -1 x (€121.70 - €154.38) / €154.38
21.2%

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

Current Discount
Amount off the current price Autoneum Holding is available for.
Intrinsic value
21%
Share price is €121.7 vs Future cash flow value of €154.38
Current Discount Checks
For Autoneum Holding to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Autoneum Holding's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Autoneum Holding's share price is below the future cash flow value, but not 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 Autoneum Holding's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Autoneum Holding's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:AN9 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in CHF CHF-2.00
SWX:AUTN Share Price ** SWX (2019-06-28) in CHF CHF111.5
Germany Auto Components Industry PE Ratio Median Figure of 10 Publicly-Listed Auto Components Companies 12.98x
Germany Market PE Ratio Median Figure of 423 Publicly-Listed Companies 20.29x

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

** Primary Listing of Autoneum Holding.

DB:AN9 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SWX:AUTN Share Price ÷ EPS (both in CHF)

= 111.5 ÷ -2.00

-55.8x

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

  • Autoneum Holding is loss making, we can't compare its value to the DE Auto Components industry average.
  • Autoneum Holding is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Autoneum Holding's expected growth come at a high price?
Raw Data
DB:AN9 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -55.8x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
111.8%per year
Germany Auto Components Industry PEG Ratio Median Figure of 8 Publicly-Listed Auto Components Companies 0.52x
Germany Market PEG Ratio Median Figure of 266 Publicly-Listed Companies 1.42x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Autoneum Holding, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Autoneum Holding's assets?
Raw Data
DB:AN9 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in CHF CHF103.68
SWX:AUTN Share Price * SWX (2019-06-28) in CHF CHF111.5
Germany Auto Components Industry PB Ratio Median Figure of 13 Publicly-Listed Auto Components Companies 1.25x
Germany Market PB Ratio Median Figure of 596 Publicly-Listed Companies 1.72x
DB:AN9 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SWX:AUTN Share Price ÷ Book Value per Share (both in CHF)

= 111.5 ÷ 103.68

1.08x

* Primary Listing of Autoneum Holding.

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

  • Autoneum Holding is good value based on assets compared to the DE Auto Components industry average.
X
Value checks
We assess Autoneum Holding's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Auto Components industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Auto Components industry average (and greater than 0)? (1 check)
  5. Autoneum Holding has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

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

Future Performance

 How is Autoneum Holding expected to perform in the next 1 to 3 years based on estimates from 5 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
111.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Autoneum Holding expected to grow at an attractive rate?
  • Autoneum Holding's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Autoneum Holding's earnings growth is expected to exceed the Germany market average.
  • Autoneum Holding's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:AN9 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:AN9 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 111.8%
DB:AN9 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 2.1%
Germany Auto Components Industry Earnings Growth Rate Market Cap Weighted Average 12.2%
Germany Auto Components Industry Revenue Growth Rate Market Cap Weighted Average 3.6%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*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
DB:AN9 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in CHF Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:AN9 Future Estimates Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 2,390 170 61 5
2020-12-31 2,326 152 37 5
2019-12-31 2,286 101 -1 5
2019-09-25
DB:AN9 Past Financials Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income *
2019-06-30 2,278 86 -9
2019-03-31 2,280 105 23
2018-12-31 2,282 124 55
2018-09-30 2,265 135 73
2018-06-30 2,249 146 91
2018-03-31 2,227 146 91
2017-12-31 2,205 145 91
2017-09-30 2,189 156 90
2017-06-30 2,177 167 88
2017-03-31 2,165 180 92
2016-12-31 2,153 194 96
2016-09-30 2,158 181 96

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Autoneum Holding's earnings are expected to grow significantly at over 20% yearly.
  • Autoneum Holding's revenue is expected to grow by 2.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:AN9 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Autoneum Holding Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:AN9 Future Estimates Data
Date (Data in CHF Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 13.04 18.16 4.83 5.00
2020-12-31 8.03 11.47 2.03 5.00
2019-12-31 -0.23 1.32 -2.50 5.00
2019-09-25
DB:AN9 Past Financials Data
Date (Data in CHF Millions) EPS *
2019-06-30 -2.00
2019-03-31 4.92
2018-12-31 11.83
2018-09-30 15.72
2018-06-30 19.61
2018-03-31 19.58
2017-12-31 19.54
2017-09-30 19.31
2017-06-30 18.83
2017-03-31 19.72
2016-12-31 20.61
2016-09-30 20.71

*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.
  • Autoneum Holding is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Autoneum Holding'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany 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.
Autoneum Holding 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 Autoneum Holding 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 Autoneum Holding's growth in the last year to its industry (Auto Components).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Autoneum Holding does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Autoneum Holding's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Autoneum Holding's 1-year growth to the DE Auto Components industry average as it is not currently profitable.
Earnings and Revenue History
Autoneum Holding'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 Autoneum Holding Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:AN9 Past Revenue, Cash Flow and Net Income Data
Date (Data in CHF Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 2,278.20 -9.30 689.30
2019-03-31 2,279.85 22.90 682.60
2018-12-31 2,281.50 55.10 675.90
2018-09-30 2,265.15 73.25 665.70
2018-06-30 2,248.80 91.40 655.50
2018-03-31 2,227.10 91.20 646.95
2017-12-31 2,205.40 91.00 638.40
2017-09-30 2,189.20 89.85 628.25
2017-06-30 2,177.30 87.60 618.10
2017-03-31 2,164.95 91.70 613.35
2016-12-31 2,152.60 95.80 608.60
2016-09-30 2,157.85 95.75 604.65
2016-06-30 2,163.10 95.70 600.70
2016-03-31 2,124.50 68.95 589.70
2015-12-31 2,085.90 42.20 578.70
2015-09-30 2,037.05 47.80 563.25
2015-06-30 1,988.20 53.40 547.80
2015-03-31 1,971.45 66.15 539.60
2014-12-31 1,954.70 78.90 531.40
2014-09-30 1,955.30 51.15 534.00
2014-06-30 1,955.90 23.40 536.60
2014-03-31 2,004.60 18.95 551.35
2013-12-31 2,053.30 14.50 566.10
2013-09-30 2,052.70 21.95 567.55
2013-06-30 2,052.10 29.40 569.00
2013-03-31 1,996.50 20.75 559.60
2012-12-31 1,940.90 12.10 550.20
2012-09-30 1,856.35 3.70 532.55

*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.
  • Autoneum Holding has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Autoneum Holding used its assets less efficiently than the DE Auto Components industry average last year based on Return on Assets.
  • It is difficult to establish if Autoneum Holding improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Autoneum Holding's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Auto Components industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Autoneum Holding has a total score of 0/6, 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 Autoneum Holding'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 Autoneum Holding's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Autoneum Holding is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Autoneum Holding's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Autoneum Holding'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 1x 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 Autoneum Holding Company Filings, last reported 2 months ago.

DB:AN9 Past Debt and Equity Data
Date (Data in CHF Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 587.60 745.30 56.80
2019-03-31 587.60 745.30 56.80
2018-12-31 627.70 355.80 93.10
2018-09-30 627.70 355.80 93.10
2018-06-30 666.20 333.50 75.10
2018-03-31 666.20 333.50 75.10
2017-12-31 658.30 267.90 105.50
2017-09-30 587.10 267.90 105.50
2017-06-30 496.40 252.30 103.90
2017-03-31 496.40 252.30 103.90
2016-12-31 499.00 208.70 151.20
2016-09-30 499.00 208.70 151.20
2016-06-30 420.90 185.70 96.60
2016-03-31 420.90 185.70 96.60
2015-12-31 397.50 184.40 78.80
2015-09-30 397.50 184.40 78.80
2015-06-30 336.50 252.20 119.80
2015-03-31 336.50 252.20 119.80
2014-12-31 392.50 195.00 141.10
2014-09-30 392.50 195.00 141.10
2014-06-30 325.10 186.70 85.50
2014-03-31 325.10 186.70 85.50
2013-12-31 302.00 210.30 118.60
2013-09-30 302.00 210.30 118.60
2013-06-30 292.40 194.70 76.50
2013-03-31 292.40 194.70 76.50
2012-12-31 275.50 196.40 75.50
2012-09-30 302.70 196.40 75.50
  • Autoneum Holding's level of debt (123.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (56.9% vs 123.3% today).
  • Debt is not well covered by operating cash flow (11.8%, less than 20% of total debt).
  • Unable to confirm if the interest payments on Autoneum Holding's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Autoneum Holding'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. Autoneum Holding 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 Autoneum Holding'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
3.23%
Current annual income from Autoneum Holding dividends. Estimated to be 2.48% next year.
If you bought €2,000 of Autoneum Holding shares you are expected to receive €65 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?
  • Autoneum Holding's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.4%).
  • Autoneum Holding's dividend is below the markets top 25% of dividend payers in Germany (3.93%).
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
DB:AN9 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 5 Analyst Estimates (S&P Global) See Below
Germany Auto Components Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 4.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 335 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

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

DB:AN9 Future Dividends Estimate Data
Date (Data in CHF) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 4.22 5.00
2020-12-31 3.03 5.00
2019-12-31 1.06 5.00
2019-09-25
DB:AN9 Past Annualized Dividends Data
Date (Data in CHF) Dividend per share (annual) Avg. Yield (%)
2019-03-06 3.600 3.004
2018-03-07 6.500 3.173
2017-03-02 6.500 2.373
2016-03-03 4.500 1.773
2015-03-05 4.500 2.294
2014-03-19 1.300 0.781
2013-03-20 0.650 0.686

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

  • Autoneum Holding has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Autoneum Holding only paid a dividend in the past 7 years.
Current Payout to shareholders
What portion of Autoneum Holding's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.9x coverage).
X
Income/ dividend checks
We assess Autoneum Holding's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Autoneum Holding afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Autoneum Holding has a total score of 2/6, 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 Autoneum Holding'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
Thereof Hirzel
COMPENSATION CHF1,196,525
AGE 49
TENURE AS CEO 8.4 years
CEO Bio

Mr. Thereof Martin Hirzel has been the Chief Executive Officer and Member of the Group Executive Board at Autoneum Holding AG since April 18, 2011. Mr. Hirzel served as a Business Unit Controller of IBM (Switzerland) Ltd from 1989 to 1994. From 1997 to 1999, he served as Chief Controller International of Division Textile Systems for Rieter Holding Ltd. From 2000 to 2007, he served as a General Manager China of Rieter Holding Ltd. From 2007 to 2011, he served as a Head Business Group SAMEA and member of the Executive Committee of the Division Automotive Systems of Rieter Holding Ltd. He holds degree in business administration (HWV) and General Management Program at Harvard Business School.

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

Average tenure and age of the Autoneum Holding management team in years:

3.5
Average Tenure
54.5
Average Age
  • The tenure for the Autoneum Holding management team is about average.
Management Team

Thereof Hirzel

TITLE
CEO & Member of the Group Executive Board
COMPENSATION
CHF1M
AGE
49
TENURE
8.4 yrs

Martin Zwyssig

TITLE
CFO & Member of Group Executive Board
AGE
54
TENURE
5.4 yrs

Andreas Kolf

TITLE
Head of Business Group Asia & Member of the Group Executive Board
AGE
57
TENURE
3.5 yrs

Fausto Bigi

TITLE
Head of Business Group SAMEA and Member of the Group Executive Board
AGE
60
TENURE
3.5 yrs

Alexandra Bendler

TITLE
Head of Business Group Europe & Member of the Group Executive Board
AGE
46
TENURE
0.6 yrs

Greg Sibley

TITLE
Head of Business Group North America & Member of the Group Executive Board
AGE
55
TENURE
0.2 yrs

Anahid Rickmann

TITLE
Head of Corporate Communications & Responsibility
TENURE
6.7 yrs

Bernhard Weber

TITLE
Head of Financial Services
Board of Directors Tenure

Average tenure and age of the Autoneum Holding board of directors in years:

8.7
Average Tenure
61
Average Age
  • The tenure for the Autoneum Holding board of directors is about average.
Board of Directors

Hans-Peter Schwald

TITLE
Non-Executive Chairman
COMPENSATION
CHF392K
AGE
60
TENURE
8.5 yrs

Rainer Schmückle

TITLE
Non-Executive Vice Chairman
COMPENSATION
CHF211K
AGE
60
TENURE
8.7 yrs

This Schneider

TITLE
Non-Executive Director
COMPENSATION
CHF187K
AGE
67
TENURE
8.5 yrs

Michael Pieper

TITLE
Non-Executive Director
COMPENSATION
CHF125K
AGE
73
TENURE
8.7 yrs

Ferdinand Stutz

TITLE
Non-Executive Director
COMPENSATION
CHF223K
AGE
62
TENURE
8.7 yrs

Peter Spuhler

TITLE
Non-Executive Director
COMPENSATION
CHF127K
AGE
60
TENURE
8.7 yrs

Norbert Indlekofer

TITLE
Non-Executive Director
COMPENSATION
CHF148K
AGE
61
TENURE
2.5 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 (€) Value (€)
X
Management checks
We assess Autoneum Holding'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. Autoneum Holding 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

Autoneum Holding AG develops and manufactures acoustic and thermal management solutions for the automotive market. It offers multifunctional and lightweight components and systems for noise and heat protection. The company provides engine encapsulations, engine top covers, hoodliners, battery covers, fender insulators, water box shields, and outer dashes and other body-mounted absorbers; and interior floor products comprising inner dashes, non-woven carpets, tufted carpets, spacers and crash pads, and floor insulators and mats. It also offers underbody products, including under floor shields, under engine shields, heatshields, floor pans, battery boxes, and wheelhouse outer liners; body treatment products, such as dampers, stiffeners, and other acoustics components; and measurement systems, as well as performs simulations and tests. The company has operations in Europe, North America, Asia, South America, the Middle East, and Africa. Autoneum Holding AG was founded in 1901 and is headquartered in Winterthur, Switzerland.

Details
Name: Autoneum Holding AG
AN9
Exchange: DB
Founded: 1901
CHF478,340,542
4,652,378
Website: http://www.autoneum.com
Address: Autoneum Holding AG
Schlosstalstrasse 43,
Winterthur,
Zurich, 8406,
Switzerland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SWX AUTN Registered Shares SIX Swiss Exchange CH CHF 13. May 2011
OTCPK ATNN.F Registered Shares Pink Sheets LLC US USD 13. May 2011
DB AN9 Registered Shares Deutsche Boerse AG DE EUR 13. May 2011
LSE 0QOB Registered Shares London Stock Exchange GB CHF 13. May 2011
Number of employees
Current staff
Staff numbers
13,881
Autoneum Holding employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/25 22:06
End of day share price update: 2019/06/28 00:00
Last estimates confirmation: 2019/09/06
Last earnings filing: 2019/07/25
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.