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KUKA

XTRA:KU2
Snowflake Description

Excellent balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KU2
XTRA
€1B
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

KUKA Aktiengesellschaft, an automation company, provides robot-based automation solutions worldwide. The last earnings update was 45 days ago. More info.


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KU2 Share Price and Events
7 Day Returns
-2.9%
XTRA:KU2
1.8%
DE Machinery
1%
DE Market
1 Year Returns
-39.1%
XTRA:KU2
-5.5%
DE Machinery
14.2%
DE Market
KU2 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
KUKA (KU2) -2.9% -9.4% -11.2% -39.1% -55.6% -37%
DE Machinery 1.8% 0.3% 1.6% -5.5% -13.9% 6.5%
DE Market 1% 0% 6% 14.2% 8.7% 17.5%
1 Year Return vs Industry and Market
  • KU2 underperformed the Machinery industry which returned -5.5% over the past year.
  • KU2 underperformed the Market in Germany which returned 14.2% over the past year.
Price Volatility
KU2
Industry
5yr Volatility vs Market

Value

 Is KUKA 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 KUKA 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 KUKA.

XTRA:KU2 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-09-30) in EUR € 0.38333333333333
Payout Ratio Company Filings (2019-09-30) 2295.3%
Discount Rate (Cost of Equity) See below 6.5%
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 XTRA:KU2
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.09
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.09 (1 + (1- 30%) (40.76%))
1.269
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.27
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.269 * 5.44%)
6.51%

Discounted Cash Flow Calculation for XTRA:KU2 using Dividend Discount Model Model

The calculations below outline how an intrinsic value for KUKA 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.

XTRA:KU2 Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= €0.38 / (6.51% - -0.39%)
€5.55
XTRA:KU2 Discount to Share Price
Calculation Result
Value per share (EUR) From above. €5.55
Current discount Discount to share price of €37.20
= -1 x (€37.20 - €5.55) / €5.55
-569.7%

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

  • The current share price of KUKA 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 KUKA's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are KUKA's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
XTRA:KU2 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in EUR €0.06
XTRA:KU2 Share Price ** XTRA (2019-12-13) in EUR €37.2
Germany Machinery Industry PE Ratio Median Figure of 35 Publicly-Listed Machinery Companies 16.69x
Germany Market PE Ratio Median Figure of 403 Publicly-Listed Companies 20.75x

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

** Primary Listing of KUKA.

XTRA:KU2 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= XTRA:KU2 Share Price ÷ EPS (both in EUR)

= 37.2 ÷ 0.06

616.96x

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

  • KUKA is overvalued based on earnings compared to the DE Machinery industry average.
  • KUKA is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does KUKA's expected growth come at a high price?
Raw Data
XTRA:KU2 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 616.96x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
77.7%per year
Germany Machinery Industry PEG Ratio Median Figure of 27 Publicly-Listed Machinery Companies 1.03x
Germany Market PEG Ratio Median Figure of 262 Publicly-Listed Companies 1.46x

*Line of best fit is calculated by linear regression .

XTRA:KU2 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 616.96x ÷ 77.7%

7.94x

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

  • KUKA is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on KUKA's assets?
Raw Data
XTRA:KU2 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in EUR €28.54
XTRA:KU2 Share Price * XTRA (2019-12-13) in EUR €37.2
Germany Machinery Industry PB Ratio Median Figure of 46 Publicly-Listed Machinery Companies 1.49x
Germany Market PB Ratio Median Figure of 578 Publicly-Listed Companies 1.89x
XTRA:KU2 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= XTRA:KU2 Share Price ÷ Book Value per Share (both in EUR)

= 37.2 ÷ 28.54

1.3x

* Primary Listing of KUKA.

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

  • KUKA is good value based on assets compared to the DE Machinery industry average.
X
Value checks
We assess KUKA'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 Machinery 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 Machinery industry average (and greater than 0)? (1 check)
  5. KUKA has a total score of 1/6, see the detailed checks below.

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

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

Future Performance

 How is KUKA expected to perform in the next 1 to 3 years based on estimates from 2 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
77.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is KUKA expected to grow at an attractive rate?
  • KUKA's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • KUKA's earnings growth is expected to exceed the Germany market average.
  • KUKA's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
XTRA:KU2 Future Growth Rates Data Sources
Data Point Source Value (per year)
XTRA:KU2 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 77.7%
XTRA:KU2 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 4.3%
Germany Machinery Industry Earnings Growth Rate Market Cap Weighted Average 11.7%
Germany Machinery Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.2%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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
XTRA:KU2 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
XTRA:KU2 Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 3,531 105 2
2020-12-31 3,359 72 2
2019-12-31 3,261 31 2
2019-12-13
XTRA:KU2 Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-09-30 3,166 130 2
2019-06-30 3,185 97 -3
2019-03-31 3,235 67 20
2018-12-31 3,242 -48 13
2018-09-30 3,330 118 80
2018-06-30 3,278 129 79
2018-03-31 3,433 77 71
2017-12-31 3,479 92 89
2017-09-30 3,502 -80 87
2017-06-30 3,414 -73 116
2017-03-31 3,111 -47 92
2016-12-31 2,949 -10 87

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • KUKA's earnings are expected to grow significantly at over 20% yearly.
  • KUKA's revenue is expected to grow by 4.3% 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
XTRA:KU2 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

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

XTRA:KU2 Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 3.14 3.14 3.14 1.00
2020-12-31 2.26 2.26 2.26 1.00
2019-12-31 1.01 1.01 1.01 1.00
2019-12-13
XTRA:KU2 Past Financials Data
Date (Data in EUR Millions) EPS *
2019-09-30 0.06
2019-06-30 -0.09
2019-03-31 0.49
2018-12-31 0.32
2018-09-30 2.01
2018-06-30 1.97
2018-03-31 1.80
2017-12-31 2.22
2017-09-30 2.18
2017-06-30 2.92
2017-03-31 2.32
2016-12-31 2.19

*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.
  • KUKA is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess KUKA'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.
KUKA has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

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

Past Performance

  How has KUKA 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 KUKA's growth in the last year to its industry (Machinery).
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.
  • KUKA's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • KUKA's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • KUKA's 1-year earnings growth is negative, it can't be compared to the DE Machinery industry average.
Earnings and Revenue History
KUKA'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 KUKA Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XTRA:KU2 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 3,166.30 2.40 513.20 160.50
2019-06-30 3,184.50 -3.40 530.60 162.80
2019-03-31 3,235.30 19.50 555.10 155.70
2018-12-31 3,242.10 12.70 566.60 151.90
2018-09-30 3,330.30 79.90 536.80 138.30
2018-06-30 3,277.80 78.50 534.40 132.80
2018-03-31 3,432.80 71.30 523.60 132.10
2017-12-31 3,479.10 88.50 518.10 128.70
2017-09-30 3,501.90 86.70 495.20 128.60
2017-06-30 3,414.20 116.00 482.00 129.20
2017-03-31 3,110.60 92.20 483.30 128.00
2016-12-31 2,948.90 86.60 471.20 126.60
2016-09-30 2,810.60 102.40 502.40 112.50
2016-06-30 2,821.70 75.20 491.50 117.20
2016-03-31 2,875.20 92.20 474.00 114.00
2015-12-31 2,965.90 86.80 468.60 105.40
2015-09-30 2,787.20 86.80 417.80 112.20
2015-06-30 2,604.50 88.10 389.80 94.70
2015-03-31 2,353.00 71.60 343.40 84.50
2014-12-31 2,095.70 68.10 298.60 78.20
2014-09-30 1,954.80 61.70 278.60 71.40
2014-06-30 1,869.60 53.80 258.50 70.80
2014-03-31 1,801.00 56.00 249.20 62.40
2013-12-31 1,774.50 58.30 242.60 59.70
2013-09-30 1,760.30 54.90 239.80 54.40
2013-06-30 1,796.70 57.00 234.80 48.90
2013-03-31 1,807.90 59.30 230.30 46.10
2012-12-31 1,739.20 55.60 221.40 42.60

*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.
  • KUKA has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • It is difficult to establish if KUKA has efficiently used its assets last year compared to the DE Machinery industry average (Return on Assets) as it is loss-making.
  • KUKA's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess KUKA'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 Machinery 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.
KUKA has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

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

Health

 How is KUKA'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 KUKA's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • KUKA is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • KUKA's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of KUKA'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 4.4x 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 KUKA Company Filings, last reported 2 months ago.

XTRA:KU2 Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 1,409.40 479.10 487.60
2019-06-30 1,371.40 474.20 508.60
2019-03-31 1,392.40 456.20 532.30
2018-12-31 1,339.60 385.70 478.60
2018-09-30 1,401.00 408.00 501.70
2018-06-30 908.20 320.50 139.50
2018-03-31 867.40 327.40 132.00
2017-12-31 866.60 268.80 223.60
2017-09-30 868.40 297.80 131.50
2017-06-30 866.70 252.70 152.70
2017-03-31 866.40 251.90 256.90
2016-12-31 840.20 251.20 364.20
2016-09-30 807.20 256.00 341.90
2016-06-30 766.20 252.70 374.90
2016-03-31 775.80 251.90 430.90
2015-12-31 732.50 296.30 505.40
2015-09-30 603.20 142.20 158.80
2015-06-30 606.70 146.20 136.10
2015-03-31 598.50 168.30 199.00
2014-12-31 541.10 159.50 214.40
2014-09-30 416.90 140.30 322.70
2014-06-30 388.50 139.80 269.30
2014-03-31 390.70 278.20 428.30
2013-12-31 379.10 294.60 476.10
2013-09-30 360.10 309.50 445.20
2013-06-30 328.20 232.00 308.60
2013-03-31 322.20 256.30 318.80
2012-12-31 297.50 201.50 244.30
  • KUKA's level of debt (34%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (33.5% vs 34% today).
  • Debt is well covered by operating cash flow (27.2%, greater than 20% of total debt).
  • KUKA earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess KUKA'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. KUKA has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is KUKA'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
0.81%
Current annual income from KUKA dividends. Estimated to be 1.03% next year.
If you bought €2,000 of KUKA shares you are expected to receive €16 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?
  • KUKA's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.33%).
  • KUKA's dividend is below the markets top 25% of dividend payers in Germany (3.58%).
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
XTRA:KU2 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 2 Analyst Estimates (S&P Global) See Below
Germany Machinery Industry Average Dividend Yield Market Cap Weighted Average of 31 Stocks 2.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.3%
Germany Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

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

XTRA:KU2 Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.45 2.00
2020-12-31 0.40 2.00
2019-12-31 0.30 2.00
2019-12-13
XTRA:KU2 Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-04-15 0.300 0.692
2018-03-22 0.500 0.687
2017-03-22 0.500 0.418
2016-03-22 0.500 0.538
2015-06-11 0.400 0.525
2014-03-25 0.300 0.589
2013-03-26 0.200 0.586
2013-03-25 0.200 0.603
2009-10-30 0.000 0.000
2009-09-30 0.000 0.000
2009-07-30 0.000 0.000
2009-04-30 0.000 0.000
2009-03-02 0.000 0.000
2009-01-15 0.000 0.000

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

  • KUKA has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but KUKA only paid a dividend in the past 7 years.
Current Payout to shareholders
What portion of KUKA's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (5.6x coverage).
X
Income/ dividend checks
We assess KUKA'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 KUKA afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. KUKA 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.

Management

 What is the CEO of KUKA'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
Peter Mohnen
COMPENSATION €1,791,000
AGE 51
TENURE AS CEO 1 years
CEO Bio

Mr. Peter Mohnen serves as Chief Executive Officer and Interim Chair of Executive Board of KUKA Aktiengesellschaft since December 6, 2018. Mr. Mohnen served as the Chief Financial Officer at KUKA Aktiengesellschaft since August 1, 2012 until December 05, 2018 and serves as its Member of the Executive Board since August 1, 2012. Mr. Mohnen served as a Member of Executive Board at KUKA Roboter GmbH. He served as Member of the Management Board at E.ON Foldgaz Storage Zrt, until July 1, 2009. Mr. Mohnen was employed by E.ON Ruhrgas AG, Essen from 1993 to 2006. He led management positions in financial accounting, group consolidation, planning and analysis at E.ON Ruhrgas AG, Essen. He served as Chief Financial Officer of E.ON Földgáz Trade ZRt., Budapest/ Hungary from 2006 to 2012. Mr. Mohnen served as Chief Financial Officer of .ON Földgáz Storage ZRt., Budapest/ Hungary from 2007 to 2008 and from 2009 to 2012. He served as Member of the Management Board at E.ON Földgáz Storage Zrt. He served several Supervisory Board Memberships, i.a. Panrusgaz (Joint Venture E.ON - Gazprom) from 2006 to 2012. Mr. Mohnen holds Master in Business Administrations from the University Saarbrücken & University Bari/Italy in 1993.

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

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

0.8
Average Tenure
53
Average Age
  • The average tenure for the KUKA management team is less than 2 years, this suggests a new team.
Management Team

Peter Mohnen

TITLE
CEO & Interim Chair of Executive Board
COMPENSATION
€2M
AGE
51
TENURE
1 yrs

Andreas Pabst

TITLE
CFO & Member of Executive Board
COMPENSATION
€644K
AGE
46
TENURE
1 yrs

Wilfried Eberhardt

TITLE
Chief Marketing Officer & Member of the Supervisory Board

Christian Tarragona

TITLE
Head of Research & Development

Peter Hofmann

TITLE
Chief Technology Officer
AGE
55
TENURE
0.1 yrs

Holger Ewald

TITLE
Chief Information Officer

Kerstin Heinrich

TITLE
Head of Investor Relations

Marcus Gebert

TITLE
Chief Compliance Officer
TENURE
0.6 yrs

Silvia Buchinger

TITLE
Head of Corporate Human Resources

Bernd Liepert

TITLE
Chief Innovation Officer
COMPENSATION
€739K
AGE
57
Board of Directors Tenure

Average tenure of the KUKA board of directors in years:

2.8
Average Tenure
  • The average tenure for the KUKA board of directors is less than 3 years, this suggests a new board.
Board of Directors

Andy Gu

TITLE
Chairman of Supervisory Board
TENURE
2.8 yrs

Munich Leppek

TITLE
Deputy Chairman of the Supervisory Board
AGE
49
TENURE
6.3 yrs

Wolf Prellwitz

TITLE
Honorary Chairman of the Supervisory Board

Wilfried Eberhardt

TITLE
Chief Marketing Officer & Member of the Supervisory Board
TENURE
11.6 yrs

Alexander Liong

TITLE
Member of Supervisory Board
TENURE
2.8 yrs

Carola Leitmeir

TITLE
Employee Representative Member of Supervisory Board
TENURE
10.4 yrs

Armin Kolb

TITLE
Employee Representative Member of the Supervisory Board
TENURE
6.5 yrs

Francoise Liu

TITLE
Member of Supervisory Board
TENURE
2.8 yrs

Henning Kagermann

TITLE
Member of Supervisory Board
AGE
72
TENURE
2.2 yrs

Tanja Smolenski

TITLE
Member of Supervisory Board
TENURE
2 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 KUKA'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. KUKA has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

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

News

Simply Wall St News

Company Info

Description

KUKA Aktiengesellschaft, an automation company, provides robot-based automation solutions worldwide. It operates in Automotive, Industries, Consumer Goods & Logistic Automation, and Operating/Manufacturing/Purchase segments. The company develops, manufactures, and distributes industrial and service robots, as well as robot controllers and software. It also plans, designs, and builds automated production systems, including individual system components, tools and fixtures, automated production cells, and turnkey systems; and automates individual production processes, such as welding and joining, processing various materials, and integrating various production stages to form an automatic system. In addition, the company offers automated solutions for hospitals, warehouses, and distribution centers. It sells its products under the KUKA brand to customers in the automotive, consumer goods, energy and storage, electronics, e-commerce, healthcare, and metal industries, as well as various other sectors. The company was formerly known as Industrie-Werke Karlsruhe Augsburg Aktiengesellschaft and changed its name to KUKA Aktiengesellschaft in 2007. The company was founded in 1898 and is headquartered in Augsburg, Germany. KUKA Aktiengesellschaft is a subsidiary of Mecca International (BVI) Limited.

Details
Name: KUKA Aktiengesellschaft
KU2
Exchange: XTRA
Founded: 1898
€1,479,647,484
39,775,470
Website: http://www.kuka.com
Address: KUKA Aktiengesellschaft
Zugspitzstrasse 140,
Augsburg,
Bavaria, 86165,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA KU2 Bearer Shares XETRA Trading Platform DE EUR 02. Jan 1992
OTCPK KUKA.F Bearer Shares Pink Sheets LLC US USD 02. Jan 1992
DB KU2 Bearer Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0JOE Bearer Shares London Stock Exchange GB EUR 02. Jan 1992
SWX KU2 Bearer Shares SIX Swiss Exchange CH CHF 02. Jan 1992
BATS-CHIXE KU2D Bearer Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
ETLX KU2 Bearer Shares Eurotlx IT EUR 02. Jan 1992
OTCPK KUKA.Y ADR Pink Sheets LLC US USD 27. Dec 2013
Number of employees
Current staff
Staff numbers
14,075
KUKA employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/13 21:06
End of day share price update: 2019/12/13 00:00
Last estimates confirmation: 2019/10/31
Last earnings filing: 2019/10/29
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.