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Akasol

DB:ASL
Snowflake Description

Excellent balance sheet with high growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ASL
DB
€197M
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Akasol AG develops, manufactures, and distributes liquid-cooled and rechargeable lithium ion battery systems in Germany and internationally. The last earnings update was 133 days ago. More info.


Add to Portfolio Compare Print
  • Akasol has significant price volatility in the past 3 months.
ASL Share Price and Events
7 Day Returns
12.6%
DB:ASL
-1%
DE Electrical
-0.6%
DE Market
1 Year Returns
-17%
DB:ASL
-12.1%
DE Electrical
-20.9%
DE Market
ASL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Akasol (ASL) 12.6% -3.8% -5.3% -17% - -
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
  • ASL underperformed the Electrical industry which returned -12.1% over the past year.
  • ASL outperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Akasol 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 Akasol 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 Akasol.

DB:ASL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.5%
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:ASL
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- 30%) (2.28%))
1.086
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.086 * 5.44%)
5.52%

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

The calculations below outline how an intrinsic value for Akasol 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:ASL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 5.52%)
2020 -32.12 Analyst x5 -30.44
2021 -18.80 Analyst x5 -16.89
2022 -17.00 Analyst x1 -14.47
2023 11.00 Analyst x1 8.87
2024 22.00 Analyst x1 16.82
2025 31.40 Est @ 42.72% 22.75
2026 40.75 Est @ 29.79% 27.98
2027 49.20 Est @ 20.74% 32.02
2028 56.29 Est @ 14.4% 34.72
2029 61.90 Est @ 9.96% 36.18
Present value of next 10 years cash flows €117.00
DB:ASL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €61.90 × (1 + -0.39%) ÷ (5.52% – -0.39%)
€1,043.75
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €1,043.75 ÷ (1 + 5.52%)10
€610.06
DB:ASL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €117.00 + €610.06
€727.06
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €727.06 / 6.06
€119.94
DB:ASL Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:ASL represents 1.02013x of XTRA:ASL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.02013x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 119.94 x 1.02013
€122.35
Value per share (EUR) From above. €122.35
Current discount Discount to share price of €33.20
= -1 x (€33.20 - €122.35) / €122.35
72.9%

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

Current Discount
Amount off the current price Akasol is available for.
Intrinsic value
>50%
Share price is €33.2 vs Future cash flow value of €122.35
Current Discount Checks
For Akasol to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Akasol's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Akasol'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 Akasol's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Akasol's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:ASL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in EUR €-0.19
XTRA:ASL Share Price ** XTRA (2020-04-06) in EUR €32.55
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 Akasol.

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

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

= 32.55 ÷ -0.19

-168.89x

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

  • Akasol is loss making, we can't compare its value to the DE Electrical industry average.
  • Akasol is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Akasol's expected growth come at a high price?
Raw Data
DB:ASL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -168.89x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
88.4%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 .

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

  • Unable to calculate PEG ratio for Akasol, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Akasol's assets?
Raw Data
DB:ASL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in EUR €16.48
XTRA:ASL Share Price * XTRA (2020-04-06) in EUR €32.55
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:ASL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 32.55 ÷ 16.48

1.97x

* Primary Listing of Akasol.

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

  • Akasol is overvalued based on assets compared to the DE Electrical industry average.
X
Value checks
We assess Akasol'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. Akasol has a total score of 2/6, 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 Akasol expected to perform in the next 1 to 3 years based on estimates from 6 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
88.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Akasol expected to grow at an attractive rate?
  • Akasol's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Akasol's earnings growth is expected to exceed the Germany market average.
  • Akasol's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:ASL Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:ASL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 88.4%
DB:ASL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 39.1%
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:ASL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:ASL Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 545 1
2023-12-31 446 1
2022-12-31 284 12 2
2021-12-31 164 -4 8 6
2020-12-31 98 -7 3 6
2020-04-07
2019-12-31 45 -15 -2 6
DB:ASL Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-09-30 44 -23 -1
2019-06-30 36 -21 1
2019-03-31 30 -11 -1
2018-12-31 25 -10 -1
2018-09-30 19 -4 -2
2018-06-30 18 2 -1
2018-03-31 18 2 1
2017-12-31 16 2 1
2016-12-31 14 3 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Akasol's earnings are expected to grow significantly at over 20% yearly.
  • Akasol'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.
Raw Data
DB:ASL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

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

DB:ASL Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 1.91 1.91 1.91 1.00
2021-12-31 1.14 1.91 0.43 4.00
2020-12-31 0.75 1.23 0.04 4.00
2020-04-07
2019-12-31 -0.32 -0.12 -0.49 4.00
DB:ASL Past Financials Data
Date (Data in EUR Millions) EPS *
2019-09-30 -0.19
2019-06-30 0.12
2019-03-31 -0.15
2018-12-31 -0.17
2018-09-30 -0.29
2018-06-30 -0.19
2018-03-31 0.52
2017-12-31
2016-12-31

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

Past Performance

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

DB:ASL 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 44.01 -1.33 13.39
2019-06-30 35.74 0.73 10.96
2019-03-31 29.64 -0.94 9.36
2018-12-31 24.81 -0.73 8.03
2018-09-30 19.26 -1.78 6.66
2018-06-30 18.10 -1.16 6.00
2018-03-31 17.95 1.04 5.66
2017-12-31 15.51 0.61 5.50
2016-12-31 14.00 0.72 3.95
2015-12-31 9.58 0.05 3.12

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Akasol has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Akasol has efficiently used its assets last year compared to the DE Electrical industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Akasol improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Akasol'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.
Akasol 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 Akasol'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 Akasol's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Akasol is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Akasol's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Akasol'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 18x 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 Akasol Company Filings, last reported 6 months ago.

DB:ASL Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 99.89 4.50 38.93
2019-06-30 101.86 4.96 41.14
2019-03-31 101.74 5.48 46.44
2018-12-31 101.71 5.98 30.56
2018-09-30 100.91 6.42 55.49
2018-06-30 101.15 6.88 2.92
2018-03-31 1.87 7.99 2.90
2017-12-31 1.62 8.39 2.84
2016-12-31 1.02 4.74 0.81
2015-12-31 0.31 8.01 1.34
  • Akasol's level of debt (4.5%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Akasol's debt level has increased without past 5-year debt data.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Akasol has sufficient cash runway for more than 3 years based on current free cash flow.
  • Akasol has sufficient cash runway for 1.4 years if free cash flow continues to grow at historical rates of 66.1% each year.
X
Financial health checks
We assess Akasol'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. Akasol 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 Akasol'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 Akasol dividends. Estimated to be 0% next year.
If you bought €2,000 of Akasol 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 Akasol's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Akasol'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:ASL 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 6 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:ASL Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31
2021-12-31 0.00 1.00
2020-12-31 0.00 1.00
2020-04-07
2019-12-31 0.00 1.00

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

  • Unable to perform a dividend volatility check as Akasol has not reported any payouts.
  • Unable to verify if Akasol's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Akasol's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Akasol has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Akasol's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Akasol'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 Akasol afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Akasol has a total score of 0/6, 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 Akasol'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
Sven Schulz
AGE 44
CEO Bio

Mr. Sven Schulz has been the Chair of the Management Board at Akasol AG since May 14, 2018 and serves as its Chief Executive Officer. As CEO, Mr. Schulz is responsible for Strategy, Sales, Marketing and Communication. He was a founder of AKASOL GmbH and brings wide entrepreneurial experience from our parent company, Schulz Group GmbH, which is a family owned mid-size company founded by his father in 1986 as an mechanical engineering service company for automotive production plants. In October 2005, Mr. Schulz became a member of the management board of Schulz Engineering GmbH, a role in which he stayed until April 2014. In the following years he served as a member of the management boards of Schulz Group affiliates Dengler Tube Tec GmbH, from April 2013 to November 2017, in the Machine Building sector, as well as NetAllied Systems, from July 2002 to March 2014, and Schulz Soluware GmbH, from October 2016 to October 2017, in the Software sector. Mr. Schulz has a degree in Industrial Engineering from the University of Applied Sciences Munich and an MBA degree from Sankt Gallen University in Switzerland.

CEO Compensation
  • Insufficient data for Sven to compare compensation growth.
  • Insufficient data for Sven to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team

Sven Schulz

TITLE
Chairman of the Management Board & CEO
AGE
44

Carsten Bovenschen

TITLE
CFO & Member of Management Board
TENURE
1.3 yrs

Stephen Raiser

TITLE
Chief Technology Officer

Felix von Borck

TITLE
Sales Manager

Björn Eberleh

TITLE
Head of Project Management
Board of Directors

Christoph Reimnitz

TITLE
Chairman of the Supervisory Board
AGE
60

Marie-Luise Wolff-Hertwig

TITLE
Deputy Chairman of the Supervisory Board
AGE
61
TENURE
1.8 yrs

Christian Brenneke

TITLE
Member of the Supervisory Board
AGE
45
TENURE
1.8 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 Akasol'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. Akasol 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

Did Changing Sentiment Drive Akasol's (FRA:ASL) Share Price Down By 16%?

Akasol AG (FRA:ASL) shareholders should be happy to see the share price up 12% in the last quarter. … View our latest analysis for Akasol Akasol isn't a profitable company, so it is unlikely we'll see a strong correlation between its share price and its earnings per share (EPS). … In the last year Akasol saw its revenue grow by 65%.

Simply Wall St -

A Look At The Intrinsic Value Of Akasol AG (FRA:ASL)

Today we will run through one way of estimating the intrinsic value of Akasol AG (FRA:ASL) by estimating the company's future cash flows and discounting them to their present value. … Generally we assume that a dollar today is more valuable than a dollar in the future, so we discount the value of these future cash flows to their estimated value in today's dollars: 10-year free cash flow (FCF) estimate 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF (€, Millions) €-38.70 €-27.70 €14.30 €18.24 €21.77 €24.73 €27.10 €28.94 €30.34 €31.38 Growth Rate Estimate Source Analyst x2 Analyst x2 Analyst x1 Est @ 27.54% Est @ 19.35% Est @ 13.61% Est @ 9.6% Est @ 6.79% Est @ 4.82% Est @ 3.44% Present Value (€, Millions) Discounted @ 6.76% €-36.25 €-24.30 €11.75 €14.04 €15.69 €16.70 €17.14 €17.15 €16.84 €16.31 Present Value of 10-year Cash Flow (PVCF)= €65.07m "Est" = FCF growth rate estimated by Simply Wall St We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. … We discount the terminal cash flows to today's value at a cost of equity of 6.8%.

Simply Wall St -

What Kind Of Investor Owns Most Of Akasol AG (FRA:ASL)?

A look at the shareholders of Akasol AG (FRA:ASL) can tell us which group is most powerful. … As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.'. … With a market capitalization of €225m, Akasol is a small cap stock, so it might not be well known by many institutional investors.

Simply Wall St -

Could Akasol AG's (FRA:ASL) Investor Composition Influence The Stock Price?

A look at the shareholders of Akasol AG (FRA:ASL) can tell us which group is most powerful. … Generally speaking, as a company grows, institutions will increase their ownership. … Akasol is a smaller company with a market capitalization of €262m, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

Who Are Akasol AG's (FRA:ASL) Major Shareholders?

In this analysis, my focus will be on developing a perspective on Akasol AG’s (FRA:ASL) latest ownership structure, a less discussed, but important factor. … Ownership structure of a company has been found to affect share performance over time. … The implications of these institutions’ actions can either benefit or hinder individual investors, so it is important to understand the ownership composition of your stock investment.

Simply Wall St -

Company Info

Description

Akasol AG develops, manufactures, and distributes liquid-cooled and rechargeable lithium ion battery systems in Germany and internationally. The company operates through two segments, On-Highway and Off-Highway. It offers battery management systems and software, and services to the manufacturers of buses and commercial vehicles, original equipment manufacturers or tier 1 suppliers comprising rail vehicle, marine vehicles, and industrial vehicle, as well as stationary applications in residential and commercial buildings. The company was founded in 1990 and is headquartered in Darmstadt, Germany.

Details
Name: Akasol AG
ASL
Exchange: DB
Founded: 1990
€197,283,103
6,061,856
Website: http://www.akasol.com
Address: Akasol AG
Landwehrstrasse 55,
Darmstadt,
Hessen, 64293,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA ASL Ordinary Shares XETRA Trading Platform DE EUR 29. Jun 2018
DB ASL Ordinary Shares Deutsche Boerse AG DE EUR 29. Jun 2018
BATS-CHIXE ASLD Ordinary Shares BATS 'Chi-X Europe' GB EUR 29. Jun 2018
Number of employees
Current staff
Staff numbers
226
Akasol employees.
Industry
Electrical Components and Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 02:29
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2020/04/04
Last earnings filing: 2019/11/26
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.