Alfen N.V., through its subsidiaries, designs, engineers, develops, produces, and sells products, systems, and services related to the electricity grid.
The last earnings update was 42 days ago.
Discounted Cash Flow Calculation for DB:703 using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for
is arrived at by discounting future cash flows to their present value using the 2 stage method.
We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
Note: Free cash flow to equity valuations ignore the company's cash or debt.
DB:703 DCF 1st Stage: Next 10 year cash flow forecast
Amount off the current price
is available for.
Share price is
vs Future cash flow value of
Current Discount Checks
to be considered undervalued it must be available for at least 20% below the
current price. Less than 40% is even better.
Alfen's share price is below the future cash flow value, and at a moderate discount (> 20%).
Alfen'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
is considered below, and whether this is a fair price.
Price based on past earnings
Alfen's earnings available for a low price, and how does
this compare to other companies in the same industry?
Alfen's earnings are expected to grow significantly at over 20% yearly.
Alfen's revenue is expected to grow significantly at over 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.
Alfen's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
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.
has a total score of
4/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
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.
Mr. Marco Roeleveld serves as Chief Executive Officer and Chief Operations Officer of Alfen N.V. and has been its Member of the Management Board since November 2015. Mr. Roeleveld joined Alfen B.V. as a Managing Director in 1997. Prior to joining Alfen, he was Commercial Director of Hitec Power Protection in the Netherlands. He holds a master of science degree in business administration from the Technical University in Eindhoven, the Netherlands.
Marco's compensation has increased in line with Alfen recently becoming profitable.
Marco's remuneration is lower than average for companies of similar size in Germany.
CEO, COO & Member of the Management Board
CFO & Member of the Management Board
Adriaan Van Tets
Director of Strategy & Communications
Chief Commercial Officer
Board of Directors
Henk ten Hove
Supervisory Board Chairman
Edmond van der Arend
Vice-Chairman of Supervisory Board
D. W. Riefel
Member of Supervisory Board
Who owns this company?
Recent Insider Trading
No 3 month open market individual insider trading information.
Alfen N.V., through its subsidiaries, designs, engineers, develops, produces, and sells products, systems, and services related to the electricity grid. The company offers smart grid solutions, including secondary transformer substations, devices for grid automation, and proprietary back-end systems for remote management and control of electricity grids, as well as micro-grids, grid connections, and supplementary offerings for greenhouse horticulture sector and solar PV farms. It also provides energy storage systems comprising modular energy storage systems for load balancing, peak shaving, grid frequency control, e-trading, micro-grids, and mobile power supply applications. In addition, the company offers smart and connected electric vehicle charging stations for use at home, office, and public locations, as well as online management platform for charging infrastructure and standardized solutions for smart charging, load balancing, and charging hubs. It operates primarily in the Netherlands, Belgium, the United Kingdom, France, Germany, Finland, Sweden, Norway, and rest of Europe. Alfen N.V. was founded in 1937 and is headquartered in Almere, the Netherlands.
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