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ElringKlinger

DB:ZIL2
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ZIL2
DB
€266M
Market Cap
  1. Home
  2. DE
  3. Automobiles
Company description

ElringKlinger AG develops, manufactures, and distributes technical and chemical products for the automotive sector and the general manufacturing industry worldwide. The last earnings update was 152 days ago. More info.


Add to Portfolio Compare Print
  • ElringKlinger has significant price volatility in the past 3 months.
ZIL2 Share Price and Events
7 Day Returns
-0.9%
DB:ZIL2
-3.6%
DE Auto Components
-0.6%
DE Market
1 Year Returns
-35.8%
DB:ZIL2
-52.5%
DE Auto Components
-20.9%
DE Market
ZIL2 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ElringKlinger (ZIL2) -0.9% -26.5% -48.7% -35.8% -77% -85.9%
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
  • ZIL2 outperformed the Auto Components industry which returned -52.5% over the past year.
  • ZIL2 underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
ZIL2
Industry
5yr Volatility vs Market

ZIL2 Value

 Is ElringKlinger 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 ElringKlinger 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 ElringKlinger.

DB:ZIL2 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.5%
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:ZIL2
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%) (296.26%))
2.548
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)
= -0.39% + (2 * 5.44%)
10.49%

Discounted Cash Flow Calculation for DB:ZIL2 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for ElringKlinger 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:ZIL2 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 10.49%)
2020 33.92 Analyst x6 30.70
2021 8.13 Analyst x6 6.66
2022 42.78 Analyst x4 31.71
2023 53.90 Analyst x1 36.17
2024 61.60 Analyst x1 37.41
2025 66.81 Est @ 8.45% 36.72
2026 70.68 Est @ 5.8% 35.16
2027 73.47 Est @ 3.94% 33.08
2028 75.41 Est @ 2.64% 30.73
2029 76.71 Est @ 1.73% 28.29
Present value of next 10 years cash flows €306.00
DB:ZIL2 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €76.71 × (1 + -0.39%) ÷ (10.49% – -0.39%)
€702.35
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €702.35 ÷ (1 + 10.49%)10
€259.01
DB:ZIL2 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €306.00 + €259.01
€565.01
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €565.01 / 63.36
€8.92
DB:ZIL2 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:ZIL2 represents 0.96786x of XTRA:ZIL2
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.96786x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 8.92 x 0.96786
€8.63
Value per share (EUR) From above. €8.63
Current discount Discount to share price of €4.07
= -1 x (€4.07 - €8.63) / €8.63
52.9%

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

Current Discount
Amount off the current price ElringKlinger is available for.
Intrinsic value
>50%
Share price is €4.07 vs Future cash flow value of €8.63
Current Discount Checks
For ElringKlinger to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • ElringKlinger's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • ElringKlinger'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 ElringKlinger's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ElringKlinger's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:ZIL2 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in EUR €-0.07
XTRA:ZIL2 Share Price ** XTRA (2020-04-06) in EUR €4.2
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 ElringKlinger.

DB:ZIL2 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= XTRA:ZIL2 Share Price ÷ EPS (both in EUR)

= 4.2 ÷ -0.07

-58.54x

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

  • ElringKlinger is loss making, we can't compare its value to the DE Auto Components industry average.
  • ElringKlinger is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does ElringKlinger's expected growth come at a high price?
Raw Data
DB:ZIL2 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -58.54x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
47.1%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 .

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

  • Unable to calculate PEG ratio for ElringKlinger, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on ElringKlinger's assets?
Raw Data
DB:ZIL2 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in EUR €13.53
XTRA:ZIL2 Share Price * XTRA (2020-04-06) in EUR €4.2
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:ZIL2 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= XTRA:ZIL2 Share Price ÷ Book Value per Share (both in EUR)

= 4.2 ÷ 13.53

0.31x

* Primary Listing of ElringKlinger.

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

  • ElringKlinger is good value based on assets compared to the DE Auto Components industry average.
X
Value checks
We assess ElringKlinger'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. ElringKlinger 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.

ZIL2 Future Performance

 How is ElringKlinger expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
47.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ElringKlinger expected to grow at an attractive rate?
  • ElringKlinger's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • ElringKlinger's earnings growth is expected to exceed the Germany market average.
  • ElringKlinger's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:ZIL2 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:ZIL2 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 47.1%
DB:ZIL2 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 3.6%
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:ZIL2 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:ZIL2 Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 1,886 3
2023-12-31 1,828 3
2022-12-31 1,743 155 45 6
2021-12-31 1,684 118 26 10
2020-12-31 1,481 115 -16 8
2020-04-06
2019-12-31 1,727 240 18 3
DB:ZIL2 Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-09-30 1,739 241 -5
2019-06-30 1,713 195 0
2019-03-31 1,709 96 17
2018-12-31 1,699 92 44
2018-09-30 1,687 72 55
2018-06-30 1,684 73 61
2018-03-31 1,661 83 71
2017-12-31 1,664 95 70
2017-09-30 1,652 113 79
2017-06-30 1,623 155 82
2017-03-31 1,606 156 86
2016-12-31 1,557 176 79

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • ElringKlinger's earnings are expected to grow significantly at over 20% yearly.
  • ElringKlinger's revenue is expected to grow by 3.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:ZIL2 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below

All data from ElringKlinger Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ZIL2 Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 0.71 1.01 0.54 6.00
2021-12-31 0.45 0.83 0.22 8.00
2020-12-31 -0.25 0.02 -0.62 5.00
2020-04-06
2019-12-31 0.30 0.45 0.13 8.00
DB:ZIL2 Past Financials Data
Date (Data in EUR Millions) EPS *
2019-09-30 -0.07
2019-06-30 -0.01
2019-03-31 0.26
2018-12-31 0.69
2018-09-30 0.87
2018-06-30 0.95
2018-03-31 1.11
2017-12-31 1.10
2017-09-30 1.25
2017-06-30 1.30
2017-03-31 1.37
2016-12-31 1.24

*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.
  • ElringKlinger is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess ElringKlinger'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.
ElringKlinger 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.

ZIL2 Past Performance

  How has ElringKlinger 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 ElringKlinger'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.
  • ElringKlinger does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare ElringKlinger's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare ElringKlinger's 1-year growth to the DE Auto Components industry average as it is not currently profitable.
Earnings and Revenue History
ElringKlinger'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 ElringKlinger Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ZIL2 Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 1,738.87 -4.55 232.55 73.06
2019-06-30 1,712.75 -0.46 233.97 74.79
2019-03-31 1,709.40 16.58 233.84 74.27
2018-12-31 1,699.00 43.84 232.85 76.12
2018-09-30 1,686.56 55.34 225.69 76.94
2018-06-30 1,684.36 60.60 224.75 74.95
2018-03-31 1,661.38 70.52 225.97 73.44
2017-12-31 1,664.04 69.93 221.06 71.39
2017-09-30 1,651.90 79.32 216.25 70.37
2017-06-30 1,622.50 82.27 209.49 71.52
2017-03-31 1,605.58 86.47 201.04 69.57
2016-12-31 1,557.44 78.55 196.94 67.38
2016-09-30 1,540.28 81.25 198.90 65.16
2016-06-30 1,532.21 82.22 196.80 62.63
2016-03-31 1,521.05 80.59 192.68 62.41
2015-12-31 1,507.25 91.58 187.85 61.44
2015-09-30 1,458.11 86.06 181.16 60.68
2015-06-30 1,419.44 98.43 174.06 60.28
2015-03-31 1,373.25 106.01 167.51 58.09
2014-12-31 1,325.83 105.75 158.52 57.25
2014-09-30 1,270.47 121.80 146.14 59.43
2014-06-30 1,230.49 111.95 141.41 58.40
2014-03-31 1,193.08 109.60 135.34 57.66
2013-12-31 1,150.08 105.42 130.74 56.71
2013-09-30 1,142.16 85.44 128.99 53.09
2013-06-30 1,134.49 86.21 127.68 54.40

*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.
  • It is difficult to establish if ElringKlinger has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • ElringKlinger 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 ElringKlinger 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 ElringKlinger'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.
ElringKlinger 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.

ZIL2 Health

 How is ElringKlinger'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 ElringKlinger's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • ElringKlinger is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • ElringKlinger's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of ElringKlinger'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 1.2x 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 ElringKlinger Company Filings, last reported 6 months ago.

DB:ZIL2 Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 895.51 737.95 106.83
2019-06-30 885.23 742.52 88.10
2019-03-31 901.98 812.63 63.11
2018-12-31 890.11 768.48 56.68
2018-09-30 879.03 770.77 42.62
2018-06-30 876.85 732.87 50.70
2018-03-31 901.92 672.71 48.11
2017-12-31 889.67 700.26 52.96
2017-09-30 884.10 686.92 43.09
2017-06-30 883.57 667.45 53.19
2017-03-31 919.09 623.82 43.13
2016-12-31 886.37 577.73 45.16
2016-09-30 872.80 575.72 47.18
2016-06-30 857.69 605.22 73.44
2016-03-31 864.11 550.06 68.56
2015-12-31 855.73 535.23 50.33
2015-09-30 821.52 521.61 60.86
2015-06-30 830.43 517.04 74.62
2015-03-31 855.59 466.98 70.97
2014-12-31 775.19 417.04 69.68
2014-09-30 780.51 402.57 63.51
2014-06-30 733.65 393.38 60.06
2014-03-31 730.38 366.45 60.18
2013-12-31 701.35 358.23 62.95
2013-09-30 667.76 359.81 60.87
2013-06-30 655.76 356.49 62.69
  • ElringKlinger's level of debt (82.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (51.6% vs 82.4% today).
  • Debt is well covered by operating cash flow (32.6%, greater than 20% of total debt).
  • ElringKlinger is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess ElringKlinger'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. ElringKlinger has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

ZIL2 Dividends

 What is ElringKlinger'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%
Current annual income from ElringKlinger dividends. Estimated to be 1.58% next year.
If you bought €2,000 of ElringKlinger shares you are expected to receive €0 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?
  • Unable to evaluate ElringKlinger's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate ElringKlinger's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:ZIL2 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
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:ZIL2 Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 0.20 5.00
2021-12-31 0.05 8.00
2020-12-31 0.00 8.00
2020-04-06
2019-12-31 0.00 9.00
DB:ZIL2 Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-11-06 0.000 0.000
2019-08-07 0.000 0.000
2019-05-07 0.000 0.000
2019-03-27 0.000 0.000
2018-03-27 0.500 5.497
2017-05-16 0.500 3.077
2016-05-31 0.550 3.409
2015-03-25 0.550 2.467
2014-03-24 0.500 1.811
2013-03-28 0.450 1.601
2012-08-03 0.400 1.679
2012-03-15 0.400 1.962
2012-03-12 0.400 1.750
2011-03-25 0.350 1.699
2010-03-01 0.200 0.930
2009-05-26 0.150 1.055

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

  • Unable to perform a dividend volatility check as ElringKlinger has not reported any payouts.
  • Unable to verify if ElringKlinger's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of ElringKlinger's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as ElringKlinger has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.1x coverage).
X
Income/ dividend checks
We assess ElringKlinger'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 ElringKlinger afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. ElringKlinger has a total score of 1/6, see the detailed checks below.


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

ZIL2 Management

 What is the CEO of ElringKlinger'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
Stefan Wolf
COMPENSATION €1,862,000
AGE 58
TENURE AS CEO 14.1 years
CEO Bio

Dr. Stefan Wolf has been Chairman of the Management Board and Chief Executive Officer of Elringklinger AG since March 2006. Dr. Wolf has been a Member of Management Board at Elringklinger Ag since January 28, 2005 and Spokesman of its Management Board since 2005. Dr. Wolf serves as the Chief Executive Officer of Elringklinger Kunststofftechnik Gmbh. He is responsible for all affiliated entities, the corporate functions of Finance, Controlling, Legal Affairs, Personnel, IT, Investor Relations and Public Relations, as well as the Aftermarket and Industrial Parks divisions. From 1994 to 1997, Dr. Wolf was a Lawyer with German legal firm Thümmel, Schütze & Partner. In 1997, he joined Elring Klinger GmbH as General Counsel. From 1998 to 2000, he served as Head of Legal Affairs and Personnel for Elring Klinger GmbH. He has been Chairman of the Management Board at Elringklinger Kunststofftechnik Gmbh since 2006 and serves as its Chief Executive Officer. Following the IPO of ElringKlinger AG in 2000, Dr. Wolf took on additional management responsibility for Investor Relations and Capital Markets. Since 2004, he served as General Representative of the Management Board of ElringKlinger AG. He served as the Chief Operating Officer at Elringklinger AG since January 2, 2004. He served as Chairman of Supervisory Board at NORMA Group AG until May 17, 2018. Dr. Wolf has been Member of Advisory Board at Landesbank Baden-Wuerttemberg since January 2014. He serves as Member of Advisory Board of Baden-Württembergische Bank AG. He served as a Member of the Supervisory Board at Fielmann Aktiengesellschaft since July 8, 2010 until July 9, 2015. He served as a Member of the Supervisory Board at NORMA Group SE from 2011 to May 17, 2018. Dr. Wolf served as a Director of Micronas Semiconductor Holding AG from November 27, 2009 to March 27, 2015. He has completed Banking apprenticeship, followed by a Law degree at Eberhard Karls University in Tübingen and has completed a Doctorate in 1993 (Dr. jur.) under the chair of Prof. Oppermann.

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

Average tenure and age of the ElringKlinger management team in years:

9.2
Average Tenure
53.5
Average Age
  • The average tenure for the ElringKlinger management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Stefan Wolf

TITLE
Chairman of the Management Board & CEO
COMPENSATION
€2M
AGE
58
TENURE
14.1 yrs

Thomas Jessulat

TITLE
CFO & Member of Management Board
COMPENSATION
€1M
AGE
50
TENURE
4.3 yrs

Theo Becker

TITLE
CTO & Member of the Management Board
COMPENSATION
€1M
AGE
60
TENURE
14.3 yrs

Reiner Drews

TITLE
Former Head of the Specialty Gaskets Division
COMPENSATION
€829K
AGE
50
TENURE
2 yrs

Manfred Strauß

TITLE
MD & Member of the Supervisory Board
COMPENSATION
€54K
AGE
48

Armin Diez

TITLE
Director of Battery Technology/E-Mobility Div & New Business Areas and Supervisory Board Member
COMPENSATION
€50K
AGE
57

Jurgen Weingartner

TITLE
Head of Technical Service

Jens Winter

TITLE
Head Investor Relations

Carolin Junk

TITLE
Head of Corporate Human Resources

Olav Hahn

TITLE
Head of Supplier Development & Central Quality Management
Board of Directors Tenure

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

6.9
Average Tenure
58
Average Age
  • The tenure for the ElringKlinger board of directors is about average.
Board of Directors

Klaus Eberhardt

TITLE
Chairman of the Supervisory Board
COMPENSATION
€112K
AGE
71
TENURE
2.9 yrs

Markus Siegers

TITLE
Deputy Chairman of the Supervisory Board
COMPENSATION
€77K
AGE
48
TENURE
2.9 yrs

Manfred Strauß

TITLE
MD & Member of the Supervisory Board
COMPENSATION
€54K
AGE
48
TENURE
24.3 yrs

Armin Diez

TITLE
Director of Battery Technology/E-Mobility Div & New Business Areas and Supervisory Board Member
COMPENSATION
€50K
AGE
57
TENURE
9.9 yrs

Paula Maria de Monteiro-Munz

TITLE
Employee Representative Member of the Supervisory Board
COMPENSATION
€50K
AGE
50
TENURE
9.9 yrs

Pasquale Formisano

TITLE
Employee Representative Member of the Supervisory Board
COMPENSATION
€46K
AGE
62
TENURE
9.9 yrs

Hans-Ulrich Sachs

TITLE
Member of the Supervisory Board
COMPENSATION
€46K
AGE
67
TENURE
7.9 yrs

Gabriele Sons

TITLE
Member of Supervisory Board
COMPENSATION
€54K
AGE
59
TENURE
5.9 yrs

Rita Forst

TITLE
Member of Supervisory Board
COMPENSATION
€46K
AGE
64
TENURE
4.9 yrs

Nadine Boguslawski

TITLE
Employee Representative Member of the Supervisory Board
COMPENSATION
€45K
AGE
42
TENURE
4.9 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 ElringKlinger'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. ElringKlinger 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.

ZIL2 News

Simply Wall St News

ElringKlinger (FRA:ZIL2) Has A Mountain Of Debt

We note that ElringKlinger AG (FRA:ZIL2) does have debt on its balance sheet. … DB:ZIL2 Historical Debt, August 26th 2019 A Look At ElringKlinger's Liabilities We can see from the most recent balance sheet that ElringKlinger had liabilities of €519.0m falling due within a year, and liabilities of €769.8m due beyond that. … In order to size up a company's debt relative to its earnings, we calculate its net debt divided by its earnings before interest, tax, depreciation, and amortization (EBITDA) and its earnings before interest and tax (EBIT) divided by its interest expense (its interest cover).

Simply Wall St -

Is ElringKlinger AG's (FRA:ZIL2) CEO Pay Fair?

First, this article will compare CEO compensation with compensation at similar sized companies. … View our latest analysis for ElringKlinger How Does Stefan Wolf's Compensation Compare With Similar Sized Companies? … We compared the total CEO remuneration paid by ElringKlinger AG, and compared it to remuneration at a group of similar sized companies.

Simply Wall St -

Is ElringKlinger AG (FRA:ZIL2) Struggling With Its 3.3% Return On Capital Employed?

Author Edwin Whiting says to be careful when comparing the ROCE of different businesses, since 'No two businesses are exactly alike.' How Do You Calculate Return On Capital Employed? … Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for ElringKlinger: 0.033 = €57m ÷ (€2.2b - €478m) (Based on the trailing twelve months to March 2019.) So, ElringKlinger has an ROCE of 3.3%. … Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE.

Simply Wall St -

Imagine Owning ElringKlinger (FRA:ZIL2) And Trying To Stomach The 82% Share Price Drop

For example, we sympathize with anyone who was caught holding ElringKlinger AG (FRA:ZIL2) during the five years that saw its share price drop a whopping 82%. … During the five years over which the share price declined, ElringKlinger's earnings per share (EPS) dropped by 31% each year. … Over the last 5 years, ElringKlinger generated a TSR of -80%, which is, of course, better than the share price return.

Simply Wall St -

Is There An Opportunity With ElringKlinger AG's (FRA:ZIL2) 29% Undervaluation?

Today, we will estimate the stock's intrinsic value by estimating the company's future cash flows and discounting them to their present value. … Generally we assume that a dollar today is more valuable than a dollar in the future, so we discount the value of these future cash flows to their estimated value in today's dollars: 10-year free cash flow (FCF) estimate 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF (€, Millions) €-19.10 €-32.50 €31.93 €49.20 €61.10 €70.38 €77.90 €83.79 €88.28 €91.65 Growth Rate Estimate Source Analyst x5 Analyst x2 Analyst x3 Analyst x1 Analyst x1 Est @ 15.18% Est @ 10.7% Est @ 7.56% Est @ 5.36% Est @ 3.82% Present Value (€, Millions) Discounted @ 12.15% €-17.03 €-25.84 €22.64 €31.10 €34.44 €35.37 €34.92 €33.49 €31.46 €29.12 Present Value of 10-year Cash Flow (PVCF)= €209.67m "Est" = FCF growth rate estimated by Simply Wall St The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. … Terminal Value (TV) = FCF2029 × (1 + g) ÷ (r – g) = €92m × (1 + 0.2%) ÷ (12.1% – 0.2%) = €771m Present Value of Terminal Value (PVTV) = TV / (1 + r)10 = €€771m ÷ ( 1 + 12.1%)10 = €244.87m The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is €454.54m.

Simply Wall St -

Is ElringKlinger AG (FRA:ZIL2) A Financially Sound Company?

Additionally, ZIL2 has produced €96m in operating cash flow in the last twelve months, resulting in an operating cash to total debt ratio of 11%, signalling that ZIL2’s operating cash is less than its debt. … At the current liabilities level of €478m, it seems that the business has been able to meet these commitments with a current assets level of €885m, leading to a 1.85x current account ratio. … Next Steps: Although ZIL2’s debt level is towards the higher end of the spectrum, its cash flow coverage seems adequate to meet obligations which means its debt is being efficiently utilised.

Simply Wall St -

Does Market Volatility Impact ElringKlinger AG's (FRA:ZIL2) Share Price?

Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market. … If this beta value holds true in the future, ElringKlinger shares are likely to rise more than the market when the market is going up, but fall faster when the market is going down.

Simply Wall St -

Could The ElringKlinger AG (FRA:ZIL2) Ownership Structure Tell Us Something Useful?

As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.'. … It has a market capitalization of €431m, which means it wouldn't have the attention of many institutional investors. … institutional investors have bought into the company

Simply Wall St -

Why We’re Not Impressed By ElringKlinger AG’s (FRA:ZIL2) 4.4% ROCE

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Return On Capital Employed (ROCE): What is it? … How Do You Calculate Return On Capital Employed

Simply Wall St -

What Do Investors Need To Know About ElringKlinger AG's (FRA:ZIL2) Growth?

Looking at ElringKlinger AG's (FRA:ZIL2) earnings update in September 2018,. … with earnings expected to decline by -15% in the upcoming year

Simply Wall St -

ZIL2 Company Info

Description

ElringKlinger AG develops, manufactures, and distributes technical and chemical products for the automotive sector and the general manufacturing industry worldwide. It operates through five segments: Original Equipment, Aftermarket, Engineered Plastics, Services, and Industrial Parks. The Original Equipment segment develops, manufactures, and sells lightweight components, thermal and acoustic shielding systems, cylinder-head and specialty gaskets, battery and fuel cell systems, and electric drive units. The Aftermarket segment offers a range of spare parts comprising gaskets, gasket sets, and service parts for the repair of engines, transmissions, exhaust systems, and auxiliary units in cars and commercial vehicles under the Elring – Das Original brand. The Engineered Plastics segment offers high performance plastics for applications in the mechanical engineering sector, as well as in medical, chemical, energy, and vehicle industries. The Services segment provides development and assessment services for engines, transmissions, and exhaust tracts using testing and measurement facilities for vehicle manufacturers and automotive suppliers; and offers logistics and catering services. The Industrial Parks segment engages in the administration and leasing of land and buildings. The company also offers sealing materials and modules. ElringKlinger AG was founded in 1879 and is headquartered in Dettingen an der Erms, Germany.

Details
Name: ElringKlinger AG
ZIL2
Exchange: DB
Founded: 1879
€266,111,958
63,359,990
Website: http://www.elringklinger.com
Address: ElringKlinger AG
Max-Eyth-Strasse 2,
Dettingen an der Erms,
Baden-Württemberg, 72581,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA ZIL2 Registered Shares XETRA Trading Platform DE EUR 02. Jan 1992
OTCPK EGKL.F Registered Shares Pink Sheets LLC US USD 02. Jan 1992
DB ZIL2 Registered Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0MG5 Registered Shares London Stock Exchange GB EUR 02. Jan 1992
SWX ZIL2 Registered Shares SIX Swiss Exchange CH CHF 02. Jan 1992
WBAG ZIL2 Registered Shares Wiener Boerse AG AT EUR 02. Jan 1992
ETLX ZIL2 Registered Shares Eurotlx IT EUR 02. Jan 1992
BATS-CHIXE ZIL2D Registered Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
10,492
ElringKlinger employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 21:10
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2020/04/06
Last earnings filing: 2019/11/06
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


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

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