Loading...

You're on the old version of Simply Wall St. We will no longer be supporting this site, so we recommend you switch to our brand new platform.

SHW

DB:SW1
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SW1
DB
€81M
Market Cap
  1. Home
  2. DE
  3. Automobiles
Company description

SHW AG develops and manufactures products to reduce fuel consumption and CO2 emissions in the automotive industry in Germany, rest of Europe, the United States, Asia, and internationally. The last earnings update was 6 days ago. More info.


Add to Portfolio Compare Print
  • SHW has significant price volatility in the past 3 months.
SW1 Share Price and Events
7 Day Returns
10.2%
DB:SW1
-3.6%
DE Auto Components
-0.6%
DE Market
1 Year Returns
-39.9%
DB:SW1
-52.5%
DE Auto Components
-20.9%
DE Market
SW1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
SHW (SW1) 10.2% -28.4% -36.8% -39.9% -61.8% -72.8%
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
  • SW1 outperformed the Auto Components industry which returned -52.5% over the past year.
  • SW1 underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
SW1
Industry
5yr Volatility vs Market

SW1 Value

 Is SHW 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 SHW 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 SHW.

DB:SW1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in EUR € 0.04
Payout Ratio Company Filings (2019-12-31) 5524.9%
Discount Rate (Cost of Equity) See below 7.7%
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:SW1
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
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- 30%) (87.41%))
1.493
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.49
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.493 * 5.44%)
7.73%

Discounted Cash Flow Calculation for DB:SW1 using Dividend Discount Model Model

The calculations below outline how an intrinsic value for SHW is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

DB:SW1 Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= €0.04 / (7.73% - -0.39%)
€0.48
DB:SW1 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:SW1 represents 0.98419x of XTRA:SW1
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.98419x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 0.49 x 0.98419
€0.48
Value per share (EUR) From above. €0.48
Current discount Discount to share price of €12.45
= -1 x (€12.45 - €0.48) / €0.48
-2468.6%

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

  • The current share price of SHW 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 SHW's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are SHW's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:SW1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €1.54
XTRA:SW1 Share Price ** XTRA (2020-04-06) in EUR €12.65
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 SHW.

DB:SW1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= XTRA:SW1 Share Price ÷ EPS (both in EUR)

= 12.65 ÷ 1.54

8.23x

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

  • SHW is good value based on earnings compared to the DE Auto Components industry average.
  • SHW is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does SHW's expected growth come at a high price?
Raw Data
DB:SW1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.23x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
-75.8%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:SW1 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.23x ÷ -75.8%

-0.11x

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

  • SHW earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on SHW's assets?
Raw Data
DB:SW1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €20.46
XTRA:SW1 Share Price * XTRA (2020-04-06) in EUR €12.65
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:SW1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= XTRA:SW1 Share Price ÷ Book Value per Share (both in EUR)

= 12.65 ÷ 20.46

0.62x

* Primary Listing of SHW.

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

  • SHW is good value based on assets compared to the DE Auto Components industry average.
X
Value checks
We assess SHW'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. SHW has a total score of 3/6, 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.

SW1 Future Performance

 How is SHW expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
-75.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is SHW expected to grow at an attractive rate?
  • SHW's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of -0.4%.
Growth vs Market Checks
  • SHW's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • SHW's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:SW1 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:SW1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts -75.8%
DB:SW1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 2.5%
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:SW1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:SW1 Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 433 1
2021-12-31 374 21 1 1
2020-12-31 281 46 -7 1
2020-04-06
DB:SW1 Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 432 42 10
2019-09-30 427 34 9
2019-06-30 423 25 8
2019-03-31 422 16 6
2018-12-31 421 7 3
2018-09-30 421 12 3
2018-06-30 418 5 4
2018-03-31 406 17 7
2017-12-31 401 31 10
2017-09-30 394 37 11
2017-06-30 393 40 12
2017-03-31 403 33 12

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • SHW's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • SHW's revenue is expected to grow by 2.5% 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:SW1 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 1 Analyst Estimates (S&P Global) See Below

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

DB:SW1 Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 1.01 1.01 1.01 1.00
2021-12-31 0.13 0.13 0.13 1.00
2020-12-31 -1.14 -1.14 -1.14 1.00
2020-04-06
DB:SW1 Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 1.54
2019-09-30 1.42
2019-06-30 1.31
2019-03-31 0.90
2018-12-31 0.49
2018-09-30 0.48
2018-06-30 0.64
2018-03-31 1.07
2017-12-31 1.58
2017-09-30 1.74
2017-06-30 1.81
2017-03-31 1.94

*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.
  • SHW is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess SHW'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.
SHW has a total score of 0/6, 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.

SW1 Past Performance

  How has SHW 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 SHW'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.
  • SHW's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • SHW's 1-year earnings growth exceeds its 5-year average (215.9% vs -14.8%)
  • SHW's earnings growth has exceeded the DE Auto Components industry average in the past year (215.9% vs -29.1%).
Earnings and Revenue History
SHW'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 SHW Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:SW1 Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 432.42 9.89 32.70 11.35
2019-09-30 427.50 9.15 31.15 12.32
2019-06-30 422.57 8.41 27.40 13.28
2019-03-31 421.75 5.77 27.99 12.21
2018-12-31 420.94 3.13 30.78 11.14
2018-09-30 420.87 3.09 30.49 11.36
2018-06-30 418.19 4.12 31.12 11.61
2018-03-31 406.43 6.86 28.92 11.52
2017-12-31 400.58 10.16 27.16 11.14
2017-09-30 393.88 11.20 28.02 10.84
2017-06-30 393.20 11.65 25.41 9.72
2017-03-31 403.47 12.47 23.87 8.70
2016-12-31 405.77 12.81 22.18 7.90
2016-09-30 417.24 11.91 19.76 7.46
2016-06-30 438.63 11.27 19.83 7.68
2016-03-31 453.09 13.57 19.92 7.17
2015-12-31 463.48 14.35 19.32 7.51
2015-09-30 467.07 12.04 19.97 7.67
2015-06-30 458.08 13.10 18.82 7.55
2015-03-31 442.25 11.52 17.63 7.58
2014-12-31 430.04 10.68 16.82 7.59
2014-09-30 418.09 12.89 15.42 6.50
2014-06-30 401.35 13.99 14.63 7.31
2014-03-31 385.85 14.77 14.79 7.84
2013-12-31 365.64 13.40 14.91 7.55
2013-09-30 341.24 13.37 14.57 7.18
2013-06-30 330.77 12.03 14.31 5.76

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

SW1 Health

 How is SHW'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 SHW's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • SHW is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • SHW's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of SHW's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.2x 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 SHW Company Filings, last reported 3 months ago.

DB:SW1 Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 131.69 58.56 15.62
2019-09-30 131.69 58.56 15.62
2019-06-30 127.50 65.65 4.19
2019-03-31 127.50 65.65 4.19
2018-12-31 124.37 45.11 5.22
2018-09-30 124.37 45.11 5.22
2018-06-30 120.60 37.63 7.50
2018-03-31 120.60 37.63 7.50
2017-12-31 124.90 23.04 3.98
2017-09-30 121.05 23.60 2.24
2017-06-30 118.66 10.60 2.68
2017-03-31 124.00 7.98 4.58
2016-12-31 121.35 1.98 3.75
2016-09-30 119.48 11.41 3.63
2016-06-30 116.28 5.45 1.23
2016-03-31 119.15 2.19 7.77
2015-12-31 116.24 2.49 14.81
2015-09-30 113.26 10.78 1.86
2015-06-30 111.38 10.00 1.23
2015-03-31 112.58 10.01 1.20
2014-12-31 84.51 14.65 0.29
2014-09-30 87.76 25.78 1.10
2014-06-30 84.01 18.49 1.23
2014-03-31 85.83 15.98 1.21
2013-12-31 82.53 5.72 2.84
2013-09-30 80.13 21.03 3.16
2013-06-30 75.23 21.40 1.68
  • SHW's level of debt (44.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (17.2% vs 44.5% today).
  • Debt is well covered by operating cash flow (72.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 9.7x coverage).
X
Financial health checks
We assess SHW'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. SHW has a total score of 4/6, 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.

SW1 Dividends

 What is SHW's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.32%
Current annual income from SHW dividends. Estimated to be 0.32% next year.
If you bought €2,000 of SHW shares you are expected to receive €6 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?
  • SHW's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.69%).
  • SHW's dividend is below the markets top 25% of dividend payers in Germany (4.85%).
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:SW1 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 1 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:SW1 Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 0.04 1.00
2020-12-31 0.04 1.00
2020-04-06
DB:SW1 Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-03-31 0.040 0.325
2019-03-26 0.040 0.211
2018-03-27 0.500 1.952
2017-05-10 1.000 2.868
2016-03-24 1.000 3.394
2015-05-13 1.000 3.653
2014-03-17 1.000 2.501
2013-03-11 1.000 2.823
2012-04-10 1.000 3.461
2012-03-27 1.000 3.842

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

  • SHW is not paying a notable dividend for Germany, therefore no need to check if the payments are stable.
  • SHW is not paying a notable dividend for Germany, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of SHW's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of SHW's dividends as it is not paying a notable one for Germany.
Future Payout to shareholders
  • No need to calculate the sustainability of SHW's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess SHW'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 SHW afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. SHW has a total score of 0/6, see the detailed checks below.


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

SW1 Management

 What is the CEO of SHW'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
Wolfgang Plasser
COMPENSATION €388,066
AGE 57
TENURE AS CEO 1.8 years
CEO Bio

Mr. Wolfgang Plasser serve as Chief Executive Officer and Chairman of Management of Board of SHW AG since June 12, 2018. He serves as the Chairman of the Management Board at Pankl Racing Systems AG and has been its Chief Executive Officer since 2007 and a Member of its Management Board since October 1, 2004. Mr. Plasser serves as the Chief Operating Officer of Racing at Cross Motorsport Systems AG and has been its Member of Management Board since November 2008. He was a Member of Management Board at KTM Industries AG since June 2, 2015 until June 28, 2018. Mr. Plasser works at Ocean Consulting GmbH. He has been a Partner of Qino Group since 2003. Among his most important professional stages are functions at KPMG from 1987 to 1991, with completed tax advisor examination, controlling at Investment Bank Austria from 1991 to 1998 and Chief Financial Officer of Vossen AG from 1998 to 2003. Mr. Plasser served as Chief Financial Officer of Pankl Racing Systems AG since October 1, 2004. Mr. Plasser holds Degree in Commercial Science at the Vienna University of Economics and Business Administration in 1986.

CEO Compensation
  • Insufficient data for Wolfgang to compare compensation growth.
  • Wolfgang's remuneration is about average for companies of similar size in Germany.
Management Team

Wolfgang Plasser

TITLE
Chairman of Management Board & CEO
COMPENSATION
€388K
AGE
57
TENURE
1.8 yrs

Thomas Karazmann

TITLE
Member of Management Board & CFO
COMPENSATION
€162K
TENURE
1.3 yrs

Sandra Rosenmayer

TITLE
Chief Investor Relation Officer and Manager of Investor Relations & Corporate Communications
Board of Directors Tenure

Average tenure and age of the SHW board of directors in years:

2
Average Tenure
56
Average Age
  • The average tenure for the SHW board of directors is less than 3 years, this suggests a new board.
Board of Directors

Klaus Rinnerberger

TITLE
Chairman of the Supervisory Board
COMPENSATION
€40K
AGE
55
TENURE
2 yrs

Alfred Hortenhuber

TITLE
Deputy Chairman of Supervisory Board
COMPENSATION
€26K
AGE
64
TENURE
1.9 yrs

Edgar Kuhn

TITLE
Member of Supervisory Board
COMPENSATION
€20K
AGE
61
TENURE
9.2 yrs

Jorg Franke

TITLE
Member of Supervisory Board
COMPENSATION
€21K
AGE
55
TENURE
5.9 yrs

Frank-Michael Meißner

TITLE
Member of Supervisory Board
COMPENSATION
€20K
TENURE
1.9 yrs

Eugen Maucher

TITLE
Member of Supervisory Board
COMPENSATION
€20K
TENURE
3.9 yrs

Josef Blazicek

TITLE
Member of the Supervisory Board
COMPENSATION
€5K
AGE
55
TENURE
1.5 yrs

Friedrich Roithner

TITLE
Member of Supervisory Board
COMPENSATION
€5K
AGE
56
TENURE
1.5 yrs

Stefan Pierer

TITLE
Member of the Supervisory Board
COMPENSATION
€20K
AGE
63
TENURE
2.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess SHW'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. SHW 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.

SW1 News

Simply Wall St News

Why We’re Not Keen On SHW AG’s (FRA:SW1) 9.4% Return On Capital

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Return On Capital Employed (ROCE): What is it? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

What You Must Know About SHW AG's (FRA:SW1) Return on Equity

Our data shows SHW has a return on equity of 3.4% for the last year. … That means that for every €1 worth of shareholders' equity, it generated €0.034 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Why You Need To Look At This Factor Before Buying SHW AG (FRA:SW1)

Volatility is considered to be a measure of risk in modern finance theory. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

Is It Too Late To Buy SHW AG (FRA:SW1)?

saw significant share price volatility over the past couple of months on the DB, rising to the highs of €35.85 and falling to the lows of €31.85. … A question to answer is whether SHW's current trading price of €31.85 reflective of the actual value of the? … Let’s take a look at SHW’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

SHW AG (FRA:SW1): What Are Investors Earning On Their Capital?

This is because the actual cash flow generated by the business dictates the potential for income (dividends) and capital appreciation (price increases), which are the two ways to achieve positive returns when buying a stock. … To understand SHW’s capital returns we will look at a useful metric called return on capital employed. … SHW's Return On Capital Employed

Simply Wall St -

Should You Be Tempted To Sell SHW AG (FRA:SW1) Because Of Its PE Ratio?

But should this larger multiple be the final verdict of SW1’s overvaluation. … This is because multiples like PE tend to overlook key company-specific factors such as future growth and capital structure … Below, I will lay out some important considerations to help determine which multiple best suits

Simply Wall St -

SHW AG's (FRA:SW1) Earnings Dropped -20.66%, How Did It Fare Against The Industry?

After reading SHW AG's (FRA:SW1) most recent earnings announcement (31 December 2017), I found it useful to look back at how the company has performed in the past and compare this against the latest numbers. … I also compare against an industry benchmark to check whether SHW's performance has been impacted by industry movements. … SW1's trailing twelve-month earnings (from 31 December 2017) of €10.16m has

Simply Wall St -

Why I Like SHW AG (DB:SW1)

Attractive stocks have exceptional fundamentals. … In the case of SHW AG (DB:SW1), there's. … In the following section, I expand a bit more on these key aspects.

Simply Wall St -

What Should Investors Know About SHW AG's (DB:SW1) Future?

The most recent earnings release SHW AG's (DB:SW1) announced in December 2017a … confirmed … headwind with earnings

Simply Wall St -

What Should We Expect From SHW AG's (FRA:SW1) Earnings Over The Next Few Years?

Today I want to provide a brief commentary on how market analysts predict SHW's earnings growth trajectory over the next couple of years and whether the future looks brighter. … DB:SW1 Future Profit Jun 5th 18 While it is useful to understand the growth year by year relative to today’s figure, it may be more beneficial to determine the rate at which the earnings are rising or falling every year, on average. … The slope of this line is the rate of earnings growth, which in this case is 27.80%.

Simply Wall St -

SW1 Company Info

Description

SHW AG develops and manufactures products to reduce fuel consumption and CO2 emissions in the automotive industry in Germany, rest of Europe, the United States, Asia, and internationally. It operates in two segments, Pumps and Engine Compliments, and Brake Discs. The Pumps and Engine Compliments segment offers variable oil pumps/map-controlled oil pumps, e-pumps, primary transmission oil pumps, oil/vacuum pumps with or without balancer shafts, and camshaft phasers for passenger vehicles; and transmission oil, fuel, engine oil, and industrial pumps for truck and off-highway applications, as well as provides powder metallurgy products comprising sintered adjustment rings and rotors for variable oil pumps offering reduced consumption, camshaft phaser components of steel and aluminum powder, and backlash-free gearwheel systems. The Brake Discs segment develops and produces monobloc ventilated brake discs and composite brake discs. The company serves manufacturers of automobiles, commercial vehicles, agricultural machines, and construction machines, as well as other automotive suppliers. SHW AG was founded in 1365 and is headquartered in Aalen, Germany. SHW AG is a subsidiary of SHW Beteiligungs GmbH.

Details
Name: SHW AG
SW1
Exchange: DB
Founded: 1365
€81,418,043
6,436,209
Website: http://www.shw.de
Address: SHW AG
Wilhelmstrasse 67,
Aalen,
Baden-Württemberg, 73433,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA SW1 Ordinary Bearer Shares XETRA Trading Platform DE EUR 07. Jul 2011
DB SW1 Ordinary Bearer Shares Deutsche Boerse AG DE EUR 07. Jul 2011
LSE 0P5F Ordinary Bearer Shares London Stock Exchange GB EUR 07. Jul 2011
SWX SW1 Ordinary Bearer Shares SIX Swiss Exchange CH CHF 07. Jul 2011
Number of employees
Current staff
Staff numbers
1,548
SHW employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 23:14
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2020/03/25
Last earnings filing: 2020/03/31
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.