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Hexcel

BST:HXL
Snowflake Description

Solid track record and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HXL
BST
$3B
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Hexcel Corporation, together with its subsidiaries, develops, manufactures, and markets structural materials for use in commercial aerospace, space and defense, and industrial markets. The last earnings update was 51 days ago. More info.


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  • Hexcel has significant price volatility in the past 3 months.
HXL Share Price and Events
7 Day Returns
4.5%
BST:HXL
-1.9%
Europe Aerospace & Defense
4.3%
DE Market
1 Year Returns
-
BST:HXL
-36.9%
Europe Aerospace & Defense
-14.2%
DE Market
HXL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hexcel (HXL) 4.5% -35.8% -51.3% - - -
Europe Aerospace & Defense -1.9% -30.2% -43.3% -36.9% -17.3% -5.6%
DE Market 4.3% -9% -21.6% -14.2% -19.6% -25.6%
1 Year Return vs Industry and Market
  • No trading data on HXL.
  • No trading data on HXL.
Price Volatility
HXL
Industry
5yr Volatility vs Market

HXL Value

 Is Hexcel 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 Hexcel 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 Hexcel.

BST:HXL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 11 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.4%
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 BST:HXL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Aerospace & Defense Unlevered Beta Simply Wall St/ S&P Global 0.85
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.849 (1 + (1- 21%) (37.18%))
1.066
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.07
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.066 * 5.44%)
5.41%

Discounted Cash Flow Calculation for BST:HXL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Hexcel 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.

BST:HXL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 5.41%)
2020 295.43 Analyst x6 280.27
2021 317.58 Analyst x6 285.83
2022 319.25 Analyst x4 272.59
2023 319.95 Est @ 0.22% 259.17
2024 320.07 Est @ 0.04% 245.96
2025 319.78 Est @ -0.09% 233.13
2026 319.20 Est @ -0.18% 220.77
2027 318.43 Est @ -0.24% 208.93
2028 317.51 Est @ -0.29% 197.64
2029 316.50 Est @ -0.32% 186.90
Present value of next 10 years cash flows $2,391.00
BST:HXL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $316.50 × (1 + -0.39%) ÷ (5.41% – -0.39%)
$5,436.97
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $5,436.97 ÷ (1 + 5.41%)10
$3,210.69
BST:HXL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $2,391.00 + $3,210.69
$5,601.69
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $5,601.69 / 83.34
$67.21
BST:HXL Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:HXL represents 0.8906x of NYSE:HXL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.8906x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 67.21 x 0.8906
€59.86
Value per share (EUR) From above. €59.86
Current discount Discount to share price of €32.40
= -1 x (€32.40 - €59.86) / €59.86
45.9%

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

Current Discount
Amount off the current price Hexcel is available for.
Intrinsic value
46%
Share price is €32.4 vs Future cash flow value of €59.86
Current Discount Checks
For Hexcel to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Hexcel's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Hexcel'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 Hexcel's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hexcel's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:HXL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $3.61
NYSE:HXL Share Price ** NYSE (2020-04-08) in USD $36.38
Europe Aerospace & Defense Industry PE Ratio Median Figure of 36 Publicly-Listed Aerospace & Defense Companies 14x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 17.07x

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

** Primary Listing of Hexcel.

BST:HXL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:HXL Share Price ÷ EPS (both in USD)

= 36.38 ÷ 3.61

10.07x

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

  • Hexcel is good value based on earnings compared to the Europe Aerospace & Defense industry average.
  • Hexcel is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Hexcel's expected growth come at a high price?
Raw Data
BST:HXL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.07x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
-3.1%per year
Europe Aerospace & Defense Industry PEG Ratio Median Figure of 27 Publicly-Listed Aerospace & Defense Companies 1.38x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.24x

*Line of best fit is calculated by linear regression .

BST:HXL PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.07x ÷ -3.1%

-3.21x

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

  • Hexcel 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 Hexcel's assets?
Raw Data
BST:HXL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $17.30
NYSE:HXL Share Price * NYSE (2020-04-08) in USD $36.38
Europe Aerospace & Defense Industry PB Ratio Median Figure of 49 Publicly-Listed Aerospace & Defense Companies 1.46x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.47x
BST:HXL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:HXL Share Price ÷ Book Value per Share (both in USD)

= 36.38 ÷ 17.30

2.1x

* Primary Listing of Hexcel.

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

  • Hexcel is overvalued based on assets compared to the Europe Aerospace & Defense industry average.
X
Value checks
We assess Hexcel'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 Aerospace & Defense 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 Aerospace & Defense industry average (and greater than 0)? (1 check)
  5. Hexcel has a total score of 4/6, 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.

HXL Future Performance

 How is Hexcel expected to perform in the next 1 to 3 years based on estimates from 11 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
-3.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hexcel expected to grow at an attractive rate?
  • Hexcel'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
  • Hexcel's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Hexcel's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
BST:HXL Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:HXL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts -3.1%
BST:HXL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts -1%
Europe Aerospace & Defense Industry Earnings Growth Rate Market Cap Weighted Average 18.8%
Europe Aerospace & Defense Industry Revenue Growth Rate Market Cap Weighted Average 3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*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
BST:HXL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BST:HXL Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 2,307 399 275 7
2021-12-31 2,233 444 268 10
2020-12-31 2,226 380 256 11
2020-04-09
BST:HXL Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 2,356 491 307
2019-09-30 2,352 420 300
2019-06-30 2,320 421 299
2019-03-31 2,259 405 287
2018-12-31 2,189 421 277
2018-09-30 2,140 399 299
2018-06-30 2,091 404 288
2018-03-31 2,035 437 281
2017-12-31 1,973 429 284
2017-09-30 1,945 423 255
2017-06-30 1,954 449 254
2017-03-31 1,985 445 258

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hexcel's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Hexcel's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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
BST:HXL 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 11 Analyst Estimates (S&P Global) See Below

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

BST:HXL Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 3.51 3.61 3.31 3.00
2021-12-31 3.38 4.05 2.60 6.00
2020-12-31 3.02 3.65 2.20 6.00
2020-04-09
BST:HXL Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 3.61
2019-09-30 3.51
2019-06-30 3.49
2019-03-31 3.31
2018-12-31 3.15
2018-09-30 3.35
2018-06-30 3.21
2018-03-31 3.11
2017-12-31 3.13
2017-09-30 2.81
2017-06-30 2.77
2017-03-31 2.80

*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.
  • Hexcel is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Hexcel's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Hexcel 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.

HXL Past Performance

  How has Hexcel 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 Hexcel's growth in the last year to its industry (Aerospace & Defense).
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.
  • Hexcel's year on year earnings growth rate has been positive over the past 5 years.
  • Hexcel's 1-year earnings growth exceeds its 5-year average (10.8% vs 6.9%)
  • Hexcel's earnings growth has exceeded the Europe Aerospace & Defense industry average in the past year (10.8% vs 7.6%).
Earnings and Revenue History
Hexcel'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 Hexcel Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:HXL Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 2,355.70 306.60 158.70 56.50
2019-09-30 2,352.40 299.50 154.50 58.50
2019-06-30 2,320.40 299.30 153.30 58.20
2019-03-31 2,258.90 287.20 149.10 57.00
2018-12-31 2,189.10 276.60 146.00 55.90
2018-09-30 2,139.80 298.60 150.40 53.60
2018-06-30 2,090.80 288.20 152.50 51.50
2018-03-31 2,034.60 281.00 155.30 50.60
2017-12-31 1,973.30 284.00 151.80 49.40
2017-09-30 1,945.10 255.40 152.20 48.60
2017-06-30 1,954.10 253.90 152.60 48.30
2017-03-31 1,985.40 258.40 153.10 47.80
2016-12-31 2,004.30 249.80 157.60 46.90
2016-09-30 1,985.70 244.20 156.90 45.60
2016-06-30 1,934.00 229.50 157.30 44.70
2016-03-31 1,887.10 225.10 156.80 43.50
2015-12-31 1,861.20 237.20 156.10 44.30
2015-09-30 1,868.10 236.20 158.40 46.80
2015-06-30 1,871.20 238.50 155.80 46.30
2015-03-31 1,865.60 227.40 154.80 46.80
2014-12-31 1,855.50 209.40 149.10 47.90
2014-09-30 1,810.50 203.60 146.70 45.00
2014-06-30 1,770.90 196.50 146.70 45.10
2014-03-31 1,723.40 194.40 144.40 44.30
2013-12-31 1,678.20 187.90 141.40 41.70
2013-09-30 1,638.70 177.70 137.00 41.30
2013-06-30 1,618.00 168.80 134.40 40.00

*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.
  • Hexcel has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Hexcel used its assets more efficiently than the Europe Aerospace & Defense industry average last year based on Return on Assets.
  • Hexcel's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Hexcel'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 Aerospace & Defense 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.
Hexcel 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.

HXL Health

 How is Hexcel'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 Hexcel's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hexcel is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Hexcel's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Hexcel'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 Hexcel Company Filings, last reported 3 months ago.

BST:HXL Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,446.10 1,058.10 64.40
2019-09-30 1,417.80 1,121.90 47.00
2019-06-30 1,442.40 1,122.60 55.40
2019-03-31 1,372.40 1,166.90 43.70
2018-12-31 1,322.00 956.20 32.70
2018-09-30 1,367.30 990.00 47.20
2018-06-30 1,399.80 939.40 39.10
2018-03-31 1,562.50 840.00 49.80
2017-12-31 1,495.10 810.20 60.10
2017-09-30 1,426.70 833.80 119.10
2017-06-30 1,330.30 821.40 45.50
2017-03-31 1,262.70 840.80 82.10
2016-12-31 1,244.90 688.30 35.20
2016-09-30 1,259.40 674.10 45.70
2016-06-30 1,225.10 706.60 38.90
2016-03-31 1,217.50 687.60 24.20
2015-12-31 1,179.60 576.50 51.80
2015-09-30 1,195.30 596.40 43.20
2015-06-30 1,247.00 508.00 35.30
2015-03-31 1,165.50 480.20 22.70
2014-12-31 1,149.90 416.30 70.90
2014-09-30 1,127.20 432.80 37.70
2014-06-30 1,156.20 397.80 43.80
2014-03-31 1,165.00 354.80 50.00
2013-12-31 1,160.40 295.00 65.50
2013-09-30 1,119.80 266.80 59.70
2013-06-30 1,041.20 314.00 56.70
  • Hexcel's level of debt (73.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (36.3% vs 73.2% today).
  • Debt is well covered by operating cash flow (46.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 9.3x coverage).
X
Financial health checks
We assess Hexcel'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. Hexcel 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.

HXL Dividends

 What is Hexcel'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
1.87%
Current annual income from Hexcel dividends. Estimated to be 2.04% next year.
If you bought €2,000 of Hexcel shares you are expected to receive €37 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?
  • Hexcel's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.63%).
  • Hexcel's dividend is below the markets top 25% of dividend payers in Germany (4.61%).
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
BST:HXL 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 11 Analyst Estimates (S&P Global) See Below
Europe Aerospace & Defense Industry Average Dividend Yield Market Cap Weighted Average of 27 Stocks 3.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.6%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

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

BST:HXL Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.79 4.00
2021-12-31 0.75 5.00
2020-12-31 0.69 5.00
2020-04-09
BST:HXL Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-03 0.680 1.370
2019-10-21 0.680 0.892
2019-07-22 0.680 0.843
2019-04-23 0.600 0.798
2018-10-22 0.600 0.940
2018-07-23 0.600 0.898
2018-04-23 0.500 0.726
2018-01-24 0.500 0.756
2017-10-18 0.500 0.809
2017-04-19 0.440 0.827
2017-01-25 0.440 0.827
2016-10-19 0.440 0.889
2016-07-20 0.440 1.000
2016-01-25 0.400 0.934
2015-10-19 0.400 0.888
2015-07-20 0.400 0.824
2015-04-20 0.400 0.800
2015-01-12 0.400 0.848

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

  • Whilst dividend payments have been stable, Hexcel has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Hexcel only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of Hexcel's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.9x coverage).
X
Income/ dividend checks
We assess Hexcel's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Hexcel afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hexcel has a total score of 3/6, see the detailed checks below.


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

HXL Management

 What is the CEO of Hexcel'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
Nick Stanage
COMPENSATION $6,346,562
AGE 60
TENURE AS CEO 6.7 years
CEO Bio

Mr. Nick L. Stanage has been the President and Chief Executive Officer of Hexcel Corporation since November 9, 2009 and since August 1, 2013 respectively and its Chairman since January 1, 2014. Mr. Stanage joined Hexcel Corporation in November 2009 and served as its Chief Operating Officer since May 3, 2012. His over 20 years of management and operations experience at Dana Corporation and Honeywell provide him with substantial expertise in the management, financial and operational requirements of a global manufacturing company. He served as the President of Heavy Vehicle Products, Heavy Vehicle Technologies and Systems Group of Dana Holding Corporation (also known as Dana Corp.) from December 31, 2005 to July 31, 2009. He served as Vice President and General Manager of Commercial Vehicle Group at Dana Holding Corporation from August 22, 2005 to December 2005. He was responsible for leading Dana's global commercial vehicle operations. He served as a Vice President and General Manager of the Engine Systems and Accessories division of Honeywell Inc., which is associated with Dana Holding Corporation's aerospace operations. From 1986 to 2005, he held positions of increasing responsibility in engineering, operations and marketing with Honeywell Inc. His subsequent roles at Honeywell included serving as Marketing Manager for Aerospace Equipment Systems, Director of Engineering and Program Management, Vice President of Operations and Vice President of Integrated Supply Chain and Technology for the Consumer Products Group. He served as Vice President and General Manager of the Aerospace Group's $1.4 billion Engine Systems & Accessories Division. Mr. Stanage has extensive knowledge and experience in executive leadership and operational and management issues relevant to manufacturing environments. He has subject matter expertise in the areas of engineering and production. He began his career as Design Engineer with Clark Equipment Company. He has been a Director of TriMas Corporation since November 1, 2013 and Hexcel Corporation since August 1, 2013. Mr. Stanage earned his Undergraduate Degree in Mechanical Engineering at Western Michigan University and his Master's Degree in Business Administration from the University of Notre Dame. He is also a graduate of the executive leadership program at the American Graduate School of International Management (Thunderbird).

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

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

3.9
Average Tenure
59
Average Age
  • The tenure for the Hexcel management team is about average.
Management Team

Nick Stanage

TITLE
Chairman of the Board
COMPENSATION
$6M
AGE
60
TENURE
6.7 yrs

Patrick Winterlich

TITLE
Executive VP & CFO
COMPENSATION
$1M
AGE
49
TENURE
2.7 yrs

Gail Lehman

TITLE
Executive VP
COMPENSATION
$1M
AGE
59
TENURE
3.3 yrs

Rob Hennemuth

TITLE
Executive Vice President of Human Resources & Communications
COMPENSATION
$2M
AGE
63
TENURE
3.9 yrs

Thierry Merlot

TITLE
President of Aerospace
COMPENSATION
$1M
AGE
59
TENURE
3.9 yrs

Kim Hendricks

TITLE
Senior VP
AGE
55
TENURE
10.6 yrs

Paul Mackenzie

TITLE
Senior VP & CTO
TENURE
4.3 yrs

Don Morrison

TITLE
Senior VP & Chief Information Officer

Kurt Goddard

TITLE
Vice President of Investor Relations

Tim Swords

TITLE
President of Industrial
AGE
56
TENURE
3.9 yrs
Board of Directors Tenure

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

6.3
Average Tenure
61
Average Age
  • The tenure for the Hexcel board of directors is about average.
Board of Directors

Joel Beckman

TITLE
Independent Director
COMPENSATION
$193K
AGE
63
TENURE
17.1 yrs

Nick Stanage

TITLE
Chairman of the Board
COMPENSATION
$6M
AGE
60
TENURE
6.3 yrs

Jeff Campbell

TITLE
Lead Director
COMPENSATION
$213K
AGE
58
TENURE
1.8 yrs

Lynn Brubaker

TITLE
Independent Director
COMPENSATION
$198K
AGE
61
TENURE
14.3 yrs

Tom Gendron

TITLE
Independent Director
COMPENSATION
$198K
AGE
58
TENURE
9.3 yrs

Jeff Graves

TITLE
Independent Director
COMPENSATION
$190K
AGE
58
TENURE
12.8 yrs

Guy Hachey

TITLE
Independent Director
COMPENSATION
$185K
AGE
64
TENURE
5.5 yrs

Cindy Egnotovich

TITLE
Independent Director
COMPENSATION
$188K
AGE
61
TENURE
5.3 yrs

Cathy Suever

TITLE
Independent Director
COMPENSATION
$160K
AGE
61
TENURE
1.9 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Hexcel individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
12. Mar 20 Buy Nick Stanage Individual 12. Mar 20 12. Mar 20 20,000 €40.80 €816,003
10. Mar 20 Buy Nick Stanage Individual 09. Mar 20 09. Mar 20 20,000 €48.96 €979,146
30. May 19 Sell Thierry Merlot Individual 28. May 19 28. May 19 -6,100 €65.96 €-402,341
28. May 19 Sell Gail Lehman Individual 24. May 19 24. May 19 -733 €66.52 €-48,761
10. May 19 Sell Thierry Merlot Individual 08. May 19 08. May 19 -3,241 €63.36 €-205,351
X
Management checks
We assess Hexcel'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. Hexcel 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.

HXL News

Simply Wall St News

HXL Company Info

Description

Hexcel Corporation, together with its subsidiaries, develops, manufactures, and markets structural materials for use in commercial aerospace, space and defense, and industrial markets. It operates in two segments, Composite Materials and Engineered Products. The Composite Materials segment manufactures and markets carbon fibers, fabrics and specialty reinforcements, prepregs and other fiber-reinforced matrix materials, structural adhesives, honeycomb, molding compounds, tooling materials, polyurethane systems, and laminates that are used in military and commercial aircraft, wind turbine blades, recreational products, and other industrial applications, as well as in automotive, marine, and trains. The Engineered Products segment manufactures and markets aircraft structures and finished aircraft components, including wing to body fairings, wing panels, flight deck panels, door liners, helicopter blades, spars, and tip caps; and aircraft structural sub-components and semi-finished components used in helicopter blades, engine nacelles, and aircraft surfaces, such as flaps, wings, elevators, and fairings. The company sells its products directly through its managers, product managers, and sales personnel, as well as through independent distributors and manufacturer representatives in the Americas, Europe, the Asia Pacific, India, and Africa. Hexcel Corporation was founded in 1946 and is headquartered in Stamford, Connecticut.

Details
Name: Hexcel Corporation
HXL
Exchange: BST
Founded: 1946
$2,788,286,520
83,344,269
Website: http://www.hexcel.com
Address: Hexcel Corporation
281 Tresser Boulevard,
16th Floor,
Stamford,
Connecticut, 06901-3261,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE HXL Common Stock New York Stock Exchange US USD 02. Jan 1980
DB HXL Common Stock Deutsche Boerse AG DE EUR 02. Jan 1980
BST HXL Common Stock Boerse-Stuttgart DE EUR 02. Jan 1980
LSE 0P5H Common Stock London Stock Exchange GB EUR 02. Jan 1980
Number of employees
Current staff
Staff numbers
6,977
Hexcel employees.
Industry
Aerospace and Defense
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 00:03
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2020/04/08
Last earnings filing: 2020/02/18
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.