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CIE Automotive

DB:CAD
Snowflake Description

Undervalued with solid track record and pays a dividend.

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

CIE Automotive, S.A. designs, manufactures, and sells automotive components and sub-assemblies worldwide. The last earnings update was 38 days ago. More info.


Add to Portfolio Compare Print
  • CIE Automotive has significant price volatility in the past 3 months.
CAD Share Price and Events
7 Day Returns
-2.7%
DB:CAD
-3.6%
DE Auto Components
-0.6%
DE Market
1 Year Returns
-44.5%
DB:CAD
-52.5%
DE Auto Components
-20.9%
DE Market
CAD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
CIE Automotive (CAD) -2.7% -19.9% -36.8% -44.5% -26% -4.3%
DE Auto Components -3.6% -26.6% -44.8% -52.5% -66.5% -71.2%
DE Market -0.6% -16.6% -26% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • CAD outperformed the Auto Components industry which returned -52.5% over the past year.
  • CAD underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
CAD
Industry
5yr Volatility vs Market

CAD Value

 Is CIE Automotive 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 CIE Automotive 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 CIE Automotive.

DB:CAD 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 12.8%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

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:CAD
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 7.5%
Auto Components Unlevered Beta Simply Wall St/ S&P Global 1.08
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.077 (1 + (1- 25%) (132.75%))
1.77
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.77
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.77 * 7.46%)
12.81%

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

The calculations below outline how an intrinsic value for CIE Automotive 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:CAD DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 12.81%)
2020 219.45 Analyst x2 194.52
2021 282.74 Analyst x5 222.16
2022 359.87 Analyst x3 250.64
2023 384.42 Est @ 6.82% 237.34
2024 402.34 Est @ 4.66% 220.18
2025 414.99 Est @ 3.14% 201.31
2026 423.64 Est @ 2.08% 182.16
2027 429.32 Est @ 1.34% 163.64
2028 432.86 Est @ 0.82% 146.25
2029 434.84 Est @ 0.46% 130.23
Present value of next 10 years cash flows €1,948.00
DB:CAD DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €434.84 × (1 + -0.39%) ÷ (12.81% – -0.39%)
€3,280.49
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €3,280.49 ÷ (1 + 12.81%)10
€982.48
DB:CAD Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €1,948.00 + €982.48
€2,930.48
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €2,930.48 / 129.00
€22.72
DB:CAD Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:CAD represents 1.01586x of BME:CIE
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.01586x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 22.72 x 1.01586
€23.08
Value per share (EUR) From above. €23.08
Current discount Discount to share price of €13.45
= -1 x (€13.45 - €23.08) / €23.08
41.7%

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

Current Discount
Amount off the current price CIE Automotive is available for.
Intrinsic value
42%
Share price is €13.45 vs Future cash flow value of €23.08
Current Discount Checks
For CIE Automotive to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • CIE Automotive's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • CIE Automotive's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for CIE Automotive's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are CIE Automotive's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:CAD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €2.22
BME:CIE Share Price ** BME (2020-04-06) in EUR €13.24
Germany Auto Components Industry PE Ratio Median Figure of 9 Publicly-Listed Auto Components Companies 11.43x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.45x

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

** Primary Listing of CIE Automotive.

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

= BME:CIE Share Price ÷ EPS (both in EUR)

= 13.24 ÷ 2.22

5.96x

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

  • CIE Automotive is good value based on earnings compared to the DE Auto Components industry average.
  • CIE Automotive is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does CIE Automotive's expected growth come at a high price?
Raw Data
DB:CAD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.96x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
6.3%per year
Germany Auto Components Industry PEG Ratio Median Figure of 7 Publicly-Listed Auto Components Companies 0.49x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.16x

*Line of best fit is calculated by linear regression .

DB:CAD PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 5.96x ÷ 6.3%

0.95x

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

  • CIE Automotive is good value based on expected growth next year.
Price based on value of assets
What value do investors place on CIE Automotive's assets?
Raw Data
DB:CAD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €6.52
BME:CIE Share Price * BME (2020-04-06) in EUR €13.24
Germany Auto Components Industry PB Ratio Median Figure of 13 Publicly-Listed Auto Components Companies 0.69x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:CAD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BME:CIE Share Price ÷ Book Value per Share (both in EUR)

= 13.24 ÷ 6.52

2.03x

* Primary Listing of CIE Automotive.

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

  • CIE Automotive is overvalued based on assets compared to the DE Auto Components industry average.
X
Value checks
We assess CIE Automotive'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. CIE Automotive has a total score of 5/6, 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.

CAD Future Performance

 How is CIE Automotive 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
6.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is CIE Automotive expected to grow at an attractive rate?
  • CIE Automotive's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • CIE Automotive's earnings growth is positive but not above the Germany market average.
  • CIE Automotive's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:CAD Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:CAD Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 6.3%
DB:CAD Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 5.1%
Germany Auto Components Industry Earnings Growth Rate Market Cap Weighted Average 48.7%
Germany Auto Components Industry Revenue Growth Rate Market Cap Weighted Average 2.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*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:CAD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:CAD Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 3,984 653 335 3
2021-12-31 3,951 585 312 5
2020-12-31 3,731 517 242 5
2020-04-06
DB:CAD Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 3,461 550 287
2019-09-30 3,346 511 221
2019-06-30 3,180 447 212
2019-03-31 3,077 355 197
2018-12-31 3,029 412 188
2018-09-30 3,850 573 248
2018-06-30 2,923 487 212
2018-03-31 3,907 227
2017-12-31 2,843 469 190
2017-09-30 3,500 217
2017-06-30 3,001 411 196
2017-03-31 3,068 188

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • CIE Automotive's earnings are expected to grow by 6.3% yearly, however this is not considered high growth (20% yearly).
  • CIE Automotive's revenue is expected to grow by 5.1% 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:CAD Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from CIE Automotive Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:CAD Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 2.59 2.72 2.45 3.00
2021-12-31 2.45 2.55 2.33 4.00
2020-12-31 2.30 2.33 2.26 2.00
2020-04-06
DB:CAD Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 2.22
2019-09-30
2019-06-30 1.64
2019-03-31 1.52
2018-12-31 1.46
2018-09-30
2018-06-30 1.64
2018-03-31 1.75
2017-12-31 1.47
2017-09-30 1.69
2017-06-30 1.52
2017-03-31 1.46

*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.
  • CIE Automotive is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess CIE Automotive'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.
CIE Automotive 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.

CAD Past Performance

  How has CIE Automotive 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 CIE Automotive'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.
  • CIE Automotive's year on year earnings growth rate has been positive over the past 5 years.
  • CIE Automotive's 1-year earnings growth exceeds its 5-year average (52.7% vs 17.5%)
  • CIE Automotive's earnings growth has exceeded the DE Auto Components industry average in the past year (52.7% vs -29.1%).
Earnings and Revenue History
CIE Automotive'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 CIE Automotive Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:CAD Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 3,461.05 286.53 612.91
2019-09-30 3,346.30 220.60 566.40
2019-06-30 3,180.18 211.56 588.99
2019-03-31 3,076.70 196.70 566.40
2018-12-31 3,029.50 187.60 553.56
2018-09-30 3,849.76 248.19 795.28
2018-06-30 2,923.27 211.59 550.54
2018-03-31 3,907.06 226.69 795.28
2017-12-31 2,842.57 189.65 537.00
2017-09-30 3,500.24 216.82 643.56
2017-06-30 3,000.62 196.04 607.93
2017-03-31 3,067.70 187.63 491.37
2016-12-31 2,879.04 173.92 643.56
2016-09-30 2,732.32 154.83 608.13
2016-06-30 2,642.40 142.94 598.09
2016-03-31 2,643.76 139.92 760.32
2015-12-31 2,631.52 129.83 608.13
2015-09-30 2,566.82 119.40 526.18
2015-06-30 2,489.70 111.08 597.43
2015-03-31 2,341.32 93.10 526.18
2014-12-31 2,209.52 81.40 526.18
2014-09-30 2,128.95 84.05 391.12
2014-06-30 1,951.69 76.29 439.71
2014-03-31 1,872.75 72.15 391.12
2013-12-31 1,722.55 69.75 380.82
2013-09-30 1,641.21 94.91 355.45
2013-06-30 1,624.81 90.81 364.62

*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.
  • Whilst CIE Automotive has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • CIE Automotive used its assets more efficiently than the DE Auto Components industry average last year based on Return on Assets.
  • CIE Automotive has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess CIE Automotive'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.
CIE Automotive has a total score of 5/6, 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.

CAD Health

 How is CIE Automotive'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 CIE Automotive's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • CIE Automotive's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • CIE Automotive's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of CIE Automotive'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 not covered by short term assets, assets are 0.7x 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 CIE Automotive Company Filings, last reported 3 months ago.

DB:CAD Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,234.97 2,170.04 569.79
2019-09-30 1,271.80 1,602.60
2019-06-30 1,168.02 2,170.50 543.13
2019-03-31 1,155.20 943.60
2018-12-31 1,048.89 1,384.71 361.04
2018-09-30 988.70 950.40
2018-06-30 966.19 1,295.31 305.50
2018-03-31 1,379.70 936.50
2017-12-31 1,336.91 1,269.25 378.89
2017-09-30 1,326.40 929.80
2017-06-30 1,295.56 1,242.85 343.82
2017-03-31 1,263.31 1,279.61 420.40
2016-12-31 1,263.31 1,279.61 420.40
2016-09-30 1,115.30 808.00
2016-06-30 1,088.52 1,044.62 442.05
2016-03-31 1,088.52 1,044.62 442.05
2015-12-31 884.99 1,056.17 340.94
2015-09-30 943.85 1,089.08 298.19
2015-06-30 943.85 1,089.08 298.19
2015-03-31 861.63 1,153.33 393.96
2014-12-31 861.63 1,169.93 393.78
2014-09-30 711.20 948.11 440.56
2014-06-30 711.20 948.11 440.56
2014-03-31 562.83 1,031.20 415.46
2013-12-31 560.48 1,026.82 412.96
2013-09-30 497.64 869.99 404.01
2013-06-30 497.64 869.99 404.01
  • CIE Automotive's level of debt (175.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (135.8% vs 175.7% today).
  • Debt is well covered by operating cash flow (25.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 11.4x coverage).
X
Financial health checks
We assess CIE Automotive'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. CIE Automotive 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.

CAD Dividends

 What is CIE Automotive'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
5.59%
Current annual income from CIE Automotive dividends. Estimated to be 5.3% next year.
If you bought €2,000 of CIE Automotive shares you are expected to receive €112 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?
  • CIE Automotive's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.69%).
  • CIE Automotive's dividend is above the markets top 25% of dividend payers in Germany (4.85%).
Upcoming dividend payment

Purchase CIE Automotive before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:CAD 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 9 Stocks 6.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 315 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

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

DB:CAD Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.78 3.00
2021-12-31 0.69 4.00
2020-12-31 0.61 2.00
2020-04-06
DB:CAD Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-10-31 0.740 3.945
2019-07-23 0.740 3.375
2019-02-25 0.620 2.580
2018-07-25 0.560 2.350
2018-02-28 0.560 1.873
2017-07-27 0.560 2.340
2017-02-28 0.420 2.146
2016-07-27 0.340 1.920
2016-02-24 0.340 2.187
2015-07-31 0.320 2.318
2015-02-25 0.200 1.435
2014-10-30 0.200 1.716
2014-07-29 0.200 1.879
2014-03-03 0.180 1.955
2013-03-01 0.090 1.388
2012-07-25 0.090 1.704
2012-03-02 0.090 1.634
2012-02-29 0.090 1.619

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

  • Whilst dividend payments have been stable, CIE Automotive has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but CIE Automotive only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of CIE Automotive's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.3x coverage).
X
Income/ dividend checks
We assess CIE Automotive's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 CIE Automotive afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. CIE Automotive 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.

CAD Management

 What is the CEO of CIE Automotive'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
Jesus Maria Herrera Barandiaran
COMPENSATION €1,141,000
AGE 52
TENURE AS CEO 7.3 years
CEO Bio

Mr. Jesus Maria Herrera Barandiaran has been the Chief Executive Officer of Cie Automotive, S.A. since January 21, 2013. Mr. Herrera Barandiaran has been an Executive Director of Cie Automotive, S.A. since January 21, 2013. Mr. Herrera Barandiaran served as the Chief Operating Officer and Managing Director of America of Cie Automotive, S.A. He served as Director of Strategic Business Unit of CIE-DESC of Grupo Kuo, S.A.B. de C.V. He joined CIE Automotive in 1991. He has been an Additional Director of Mahindra Forgings Limited since October 4, 2013. He has been a Non Executive Director at Mahindra Composites Ltd and Non-Independent & Non-Executive Director at Mahindra CIE Automotive Limited (formerly, Mahindra Forgings Ltd) since October 4, 2013 and a Director of Global Dominion Access, S.A. since April 4, 2016. He serves as a Director at Autometal S.A. He serves as a Member of Supervisory Board at Mahindra Forgings Europe AG. He holds a degree in Economics and Business Administration and a Master in Internationalisation. He is graduate of business studies and economics from the Basque University.

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

Jesus Maria Herrera Barandiaran

TITLE
CEO & Executive Director
COMPENSATION
€1M
AGE
52
TENURE
7.3 yrs

Fermín del Río Sanz de Acedo

TITLE
Executive Director
COMPENSATION
€2M
AGE
64

Irache Pardo Villanueva

TITLE
Director of Finance

Lorea Aristizábal Abásolo

TITLE
Director of Corporate Development & Investor Relationship

Susana Molinuevo Apellániz

TITLE
Director of Internal Auditing
AGE
49

Aitor Zazpe Goni

TITLE
Director of the European Plastics & Roof Systems Divisions and Human Resources Director
AGE
49

Jesus Esmoris

TITLE
Managing Director of Business Development & Products
AGE
55

Santiago Zabaleta Areta

TITLE
Managing Director of Steel
AGE
71

Mikel Felix Barandiarán Landín

TITLE
General Director of IT Services & Solutions and CEO of Global Dominion Access
AGE
57

Alfonso Ausín Maeso

TITLE
Chief Executive Officer of Bionor
AGE
74
Board of Directors Tenure

Average tenure and age of the CIE Automotive board of directors in years:

11.3
Average Tenure
55
Average Age
  • The average tenure for the CIE Automotive board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Antón Pradera Jáuregui

TITLE
Proprietary Chairman
COMPENSATION
€2M
AGE
64
TENURE
18.3 yrs

Jesus Maria Herrera Barandiaran

TITLE
CEO & Executive Director
COMPENSATION
€1M
AGE
52
TENURE
7.3 yrs

Goizalde Egaña Garitagoitia

TITLE
Vice Chairwoman
AGE
55

Fermín del Río Sanz de Acedo

TITLE
Executive Director
COMPENSATION
€2M
AGE
64
TENURE
14.3 yrs

M. Carlos Solchaga Catalán

TITLE
Lead Independent Director
COMPENSATION
€120K
AGE
75

Ángel Manuel Ochoa Crespo

TITLE
Independent Director
COMPENSATION
€80K
TENURE
9.5 yrs

Jacobo Llanza Figueroa

TITLE
Proprietary Director
TENURE
14.9 yrs

Francisco José Riberas de Mera

TITLE
Proprietary Director
AGE
55
TENURE
9.5 yrs

María Teresa Salegui Arbizu

TITLE
Proprietary Director
TENURE
13 yrs

Juan María Riberas Mera

TITLE
Proprietary Director
AGE
55
TENURE
9.5 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 CIE Automotive'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. CIE Automotive 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.

CAD News

Simply Wall St News

CAD Company Info

Description

CIE Automotive, S.A. designs, manufactures, and sells automotive components and sub-assemblies worldwide. It offers roof systems, including opening roof, shading, and glazing systems; BIW, chassis, and steering products, such as body in white, hubs, outer rings and spindles, steering column brackets, EPS main housings and components, steering nuts, airbag frames, steering housings, brake boosters, steering column tubes, rear axles, and seat structures; and exterior/interior trim products comprising arm rests, storage compartments, central consoles, ashtrays, glove compartments, in mold decorations, trim parts, emblems, rear-view mirrors, crossbeams, and front covers. The company also provides axle beams and spindles, brake camshafts, axle shafts, rear axle assemblies, pistons, levers, air suspension brackets, spindles, stabilizer bars, and sector shafts; and engine products, including crankshafts, crankshaft caps, diesel and gasoline common rails, ladder frames, camshaft covers and bearings, camshaft bearings housings, valve guides, brackets, exhaust air duct tubes, air tanks, and oil pans. In addition, it offers transmission and gearbox products, such as mechanical and gearbox housings, clutch and transmission housings, pistons, gearbox components and oil pans, differential cases, planetary carriers, flanges, axle shafts, CVT and hybrid components, crowns, and forging parts for CV-joints. Further, the company is involved in the services and installations, waste management and recovery, scrap, real estate, electricity production and sale, agro-biotechnology, fatty oils marketing, and biofuel production and sale businesses. It offers its products to original equipment manufacturers and TIER-1 suppliers. CIE Automotive, S.A. was founded in 1996 and is headquartered in Bilbao, Spain.

Details
Name: CIE Automotive, S.A.
CAD
Exchange: DB
Founded: 1996
€1,707,960,000
129,000,000
Website: http://www.cieautomotive.com
Address: CIE Automotive, S.A.
Alameda Mazarredo 69, 8º,
Bilbao,
Basque Country, 48009,
Spain
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BME CIE Ordinary Shares Bolsas y Mercados Espanoles ES EUR 02. Jan 1992
OTCPK CUOT.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB CAD Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0DZC Ordinary Shares London Stock Exchange GB EUR 02. Jan 1992
BMV CIEA N Ordinary Shares Bolsa Mexicana de Valores MX MXN 02. Jan 1992
BATS-CHIXE CIEE Ordinary Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
28,136
CIE Automotive employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 23:19
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2020/03/31
Last earnings filing: 2020/02/28
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.