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Sif Holding

DB:276
Snowflake Description

High growth potential with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
276
DB
€237M
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Sif Holding N.V. manufactures and sells steel tubulars for the offshore wind, and oil and gas markets in the Netherlands and internationally. The last earnings update was 25 days ago. More info.


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  • Sif Holding has significant price volatility in the past 3 months.
276 Share Price and Events
7 Day Returns
0.1%
DB:276
-1%
DE Electrical
-0.6%
DE Market
1 Year Returns
-14.8%
DB:276
-12.1%
DE Electrical
-20.9%
DE Market
276 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sif Holding (276) 0.1% -25.2% -24% -14.8% -55.7% -
DE Electrical -1% -23.3% -36.8% -12.1% -40.7% -42.5%
DE Market -0.6% -16.6% -26% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • 276 underperformed the Electrical industry which returned -12.1% over the past year.
  • 276 outperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
276
Industry
5yr Volatility vs Market
Related Companies

276 Value

 Is Sif Holding 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 Sif Holding 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 Sif Holding.

DB:276 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in EUR € 0.24601
Payout Ratio Company Filings (2019-12-31) 2988%
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 DB:276
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Electrical Unlevered Beta Simply Wall St/ S&P Global 1.11
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.11 (1 + (1- 25%) (34.52%))
1.267
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% + (1.267 * 5.44%)
6.5%

Discounted Cash Flow Calculation for DB:276 using Dividend Discount Model Model

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

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

See our documentation to learn about this calculation.

DB:276 Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= €0.25 / (6.5% - -0.39%)
€3.38
DB:276 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:276 represents 0.97312x of ENXTAM:SIFG
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.97312x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 3.57 x 0.97312
€3.47
Value per share (EUR) From above. €3.47
Current discount Discount to share price of €9.05
= -1 x (€9.05 - €3.47) / €3.47
-160.5%

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

  • The current share price of Sif Holding 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 Sif Holding's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sif Holding's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:276 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €0.22
ENXTAM:SIFG Share Price ** ENXTAM (2020-04-06) in EUR €9.3
Germany Electrical Industry PE Ratio Median Figure of 7 Publicly-Listed Electrical Companies 20.5x
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 Sif Holding.

DB:276 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTAM:SIFG Share Price ÷ EPS (both in EUR)

= 9.3 ÷ 0.22

43.21x

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

  • Sif Holding is overvalued based on earnings compared to the DE Electrical industry average.
  • Sif Holding is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Sif Holding's expected growth come at a high price?
Raw Data
DB:276 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 43.21x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
52.3%per year
Germany Electrical Industry PEG Ratio Median Figure of 6 Publicly-Listed Electrical Companies 0.95x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.16x

*Line of best fit is calculated by linear regression .

DB:276 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 43.21x ÷ 52.3%

0.83x

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

  • Sif Holding is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Sif Holding's assets?
Raw Data
DB:276 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €3.39
ENXTAM:SIFG Share Price * ENXTAM (2020-04-06) in EUR €9.3
Germany Electrical Industry PB Ratio Median Figure of 14 Publicly-Listed Electrical Companies 1.86x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:276 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTAM:SIFG Share Price ÷ Book Value per Share (both in EUR)

= 9.3 ÷ 3.39

2.74x

* Primary Listing of Sif Holding.

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

  • Sif Holding is overvalued based on assets compared to the DE Electrical industry average.
X
Value checks
We assess Sif Holding'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 Electrical 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 Electrical industry average (and greater than 0)? (1 check)
  5. Sif Holding 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.

276 Future Performance

 How is Sif Holding expected to perform in the next 1 to 3 years based on estimates from 3 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
52.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sif Holding expected to grow at an attractive rate?
  • Sif Holding's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Sif Holding's earnings growth is expected to exceed the Germany market average.
  • Sif Holding's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:276 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:276 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 52.3%
DB:276 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 9.7%
Germany Electrical Industry Earnings Growth Rate Market Cap Weighted Average 71.1%
Germany Electrical Industry Revenue Growth Rate Market Cap Weighted Average 12.2%
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:276 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:276 Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 424 56 29 1
2021-12-31 403 48 32 3
2020-12-31 336 29 14 1
2020-04-07
DB:276 Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 326 31 5
2019-09-30 293 40 1
2019-06-30 260 50 -4
2019-03-31 247 28 -3
2018-12-31 235 6 -2
2018-09-30 276 14 7
2018-06-30 317 22 16
2018-03-31 322 38 23
2017-12-31 327 54 31
2017-09-30 339 41 32
2017-06-30 351 28 34
2017-03-31 376 41 36

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sif Holding's earnings are expected to grow significantly at over 20% yearly.
  • Sif Holding's revenue is expected to grow by 9.7% 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:276 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 3 Analyst Estimates (S&P Global) See Below

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

DB:276 Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 1.14 1.14 1.14 1.00
2021-12-31 1.25 1.45 1.13 3.00
2020-12-31 0.55 0.77 0.36 3.00
2020-04-07
DB:276 Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 0.22
2019-09-30 0.03
2019-06-30 -0.15
2019-03-31 -0.12
2018-12-31 -0.08
2018-09-30 0.27
2018-06-30 0.62
2018-03-31 0.91
2017-12-31 1.21
2017-09-30 1.27
2017-06-30 1.34
2017-03-31 1.40

*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.
  • Sif Holding is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Sif Holding'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.
Sif Holding has a total score of 5/6, 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.

276 Past Performance

  How has Sif Holding 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 Sif Holding's growth in the last year to its industry (Electrical).
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.
  • Sif Holding's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Sif Holding has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Sif Holding has become profitable in the last year making it difficult to compare the DE Electrical industry average.
Earnings and Revenue History
Sif Holding'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 Sif Holding Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:276 Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 325.60 5.49 30.30
2019-09-30 292.63 0.82 28.36
2019-06-30 259.66 -3.85 26.43
2019-03-31 247.40 -2.95 26.30
2018-12-31 235.14 -2.05 26.18
2018-09-30 276.00 6.83 27.32
2018-06-30 316.86 15.71 28.46
2018-03-31 322.02 23.24 28.41
2017-12-31 327.18 30.76 28.36
2017-09-30 339.18 32.45 27.50
2017-06-30 351.18 34.13 26.65
2017-03-31 375.75 35.75 23.87
2016-12-31 400.32 37.37 21.08
2016-09-30 410.63 39.92 17.81
2016-06-30 428.58 42.68 14.87
2016-03-31 374.96 39.15 14.17
2015-12-31 321.34 35.63 13.47
2015-09-30 264.65 33.07 12.98
2014-12-31 262.52 28.00 10.37
2013-12-31 336.27 26.60 8.15

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

276 Health

 How is Sif Holding'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 Sif Holding's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sif Holding's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Sif Holding's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Sif Holding's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.8x 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 Sif Holding Company Filings, last reported 3 months ago.

DB:276 Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 86.70 22.87 1.58
2019-09-30 86.70 22.87 1.58
2019-06-30 83.55 15.88 1.04
2019-03-31 83.55 15.88 1.04
2018-12-31 83.54 30.88 0.60
2018-09-30 83.54 30.88 0.60
2018-06-30 89.94 52.84 0.47
2018-03-31 89.94 52.84 0.47
2017-12-31 93.24 25.98 0.88
2017-09-30 93.24 25.98 0.88
2017-06-30 81.88 48.63 0.76
2017-03-31 81.88 48.63 0.76
2016-12-31 71.92 42.67 0.31
2016-09-30 71.92 42.67 0.31
2016-06-30 57.19 56.55 25.19
2016-03-31 57.19 56.55 25.19
2015-12-31 34.55 56.59 28.80
2015-09-30 48.53 35.62 13.88
2014-12-31 55.48 37.94 25.26
2013-12-31 45.95 43.03 37.01
  • Sif Holding's level of debt (26.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (68.4% vs 26.4% today).
  • Debt is well covered by operating cash flow (134.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6.8x coverage).
X
Financial health checks
We assess Sif Holding'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. Sif Holding has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

276 Dividends

 What is Sif Holding'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 Sif Holding dividends. Estimated to be 2.65% next year.
If you bought €2,000 of Sif Holding 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 Sif Holding's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Sif Holding'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:276 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 3 Analyst Estimates (S&P Global) See Below
Germany Electrical Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 1.8%
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:276 Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.28 1.00
2021-12-31 0.34 3.00
2020-12-31 0.14 3.00
2020-04-07
DB:276 Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-03-13 0.000 0.000
2019-03-21 0.100 0.842
2018-03-15 0.300 2.121
2017-03-29 0.370 2.052

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

  • Unable to perform a dividend volatility check as Sif Holding has not reported any payouts.
  • Unable to verify if Sif Holding's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Sif Holding's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Sif Holding 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 Sif Holding'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 Sif Holding afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sif Holding 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.

276 Management

 What is the CEO of Sif Holding'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
Fred van Beers
COMPENSATION €629,091
AGE 57
TENURE AS CEO 1.6 years
CEO Bio

Mr. G.G.P.M. van Beers, also known as Fred, has been Chief Executive Officer of Sif Holding N.V. since September 1, 2018 and serves as its Member of the Executive Board. Mr. van Beers holds a degree in Marine Engineering and worked as a Business Unit Manager at Alcoa and LIPS before joining Wärtsilä. He served at Wärtsilä as Managing Director Netherlands from 2007 to 2010 and as Vice President Services Area North Europe from 2010 to 2015. More recent Mr. van Beers was the CEO of Blohm & Voss shipyards in Hamburg (2015-2017) and served in various other management positions on an interim basis (2017-2018).

CEO Compensation
  • Fred's compensation has increased in line with Sif Holding recently becoming profitable.
  • Fred's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Sif Holding management team in years:

2.4
Average Tenure
57
Average Age
  • The tenure for the Sif Holding management team is about average.
Management Team

Fred van Beers

TITLE
CEO & Member of the Executive Board
COMPENSATION
€629K
AGE
57
TENURE
1.6 yrs

Leon Verweij

TITLE
CFO & Member of Management Board
COMPENSATION
€457K
AGE
59
TENURE
3.3 yrs

Frank Kevenaar

TITLE
Chief Operating Officer
TENURE
1 yrs

Michel Kurstjens

TITLE
Chief Commercial Officer
COMPENSATION
€252K
AGE
51
TENURE
7 yrs
Board of Directors Tenure

Average tenure and age of the Sif Holding board of directors in years:

3.3
Average Tenure
63
Average Age
  • The tenure for the Sif Holding board of directors is about average.
Board of Directors

André Goedée

TITLE
Chairman of the Supervisory Board
COMPENSATION
€70K
AGE
68

Peter Gerretse

TITLE
Member of Supervisory Board
COMPENSATION
€45K
AGE
64
TENURE
4.2 yrs

Peter Wit

TITLE
Member of Supervisory Board
COMPENSATION
€45K
AGE
52
TENURE
1.9 yrs

Caroline A. van den Bosch

TITLE
Member of Supervisory Board
COMPENSATION
€45K
AGE
55
TENURE
4.2 yrs

Peter Visser

TITLE
Member of the Supervisory Board
COMPENSATION
€45K
AGE
63
TENURE
2.4 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 Sif Holding'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. Sif Holding 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.

276 News

Simply Wall St News

276 Company Info

Description

Sif Holding N.V. manufactures and sells steel tubulars for the offshore wind, and oil and gas markets in the Netherlands and internationally. The company operates through three segments: Wind, Oil and Gas, and Other. It produces and delivers monopiles, piles for jackets, tubulars, and suction based foundations; and jack-up legs, anchor/mooring piles, cladded structures, jacket legs, launch legs, cones, bracings, pile sleeves, pin piles, and internal ring stiffeners. The company serves developers, engineering and production contractors, and energy companies. Sif Holding N.V. was founded in 1948 and is headquartered in Roermond, the Netherlands.

Details
Name: Sif Holding N.V.
276
Exchange: DB
Founded: 1948
€237,162,610
25,501,356
Website: http://sif-group.com
Address: Sif Holding N.V.
Mijnheerkensweg 33,
Roermond,
Limburg, 6040 AM,
Netherlands
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTAM SIFG Ordinary Shares Euronext Amsterdam NL EUR 12. May 2016
DB 276 Ordinary Shares Deutsche Boerse AG DE EUR 12. May 2016
LSE 0RHT Ordinary Shares London Stock Exchange GB EUR 12. May 2016
BATS-CHIXE SIFGA Ordinary Shares BATS 'Chi-X Europe' GB EUR 12. May 2016
Number of employees
Current staff
Staff numbers
319
Sif Holding employees.
Industry
Heavy Electrical Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 00:27
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2020/03/20
Last earnings filing: 2020/03/13
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.