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FRIWO

DB:CEA
Snowflake Description

Imperfect balance sheet not a dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CEA
DB
€68M
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

FRIWO AG develops, manufactures, and sells power supplies and chargers worldwide. The last earnings update was 145 days ago. More info.


Add to Portfolio Compare Print
  • FRIWO has significant price volatility in the past 3 months.
CEA Share Price and Events
7 Day Returns
35.4%
DB:CEA
9.2%
DE Electrical
9.9%
DE Market
1 Year Returns
-64.8%
DB:CEA
-8.2%
DE Electrical
-17.5%
DE Market
CEA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
FRIWO (CEA) 35.4% -12% -48.5% -64.8% -43% -46%
DE Electrical 9.2% -20.6% -35.2% -8.2% -43.7% -44.1%
DE Market 9.9% -16.6% -24.8% -17.5% -24.5% -28.1%
1 Year Return vs Industry and Market
  • CEA underperformed the Electrical industry which returned -8.2% over the past year.
  • CEA underperformed the Market in Germany which returned -17.5% over the past year.
Price Volatility
CEA
Industry
5yr Volatility vs Market
Related Companies

CEA Value

 Is FRIWO 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 FRIWO 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 FRIWO.

DB:CEA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-09-30) in EUR € .400000
Payout Ratio Company Filings (2019-09-30) 4321.4%
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:CEA
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 1.12
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.118 (1 + (1- 30%) (34.54%))
1.26
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.26
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.26 * 5.44%)
6.47%

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

The calculations below outline how an intrinsic value for FRIWO 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:CEA Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= €0.4 / (6.47% - -0.39%)
€6.33
DB:CEA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:CEA represents 1.04142x of XTRA:CEA
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.04142x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 5.83 x 1.04142
€6.07
Value per share (EUR) From above. €6.07
Current discount Discount to share price of €8.80
= -1 x (€8.80 - €6.07) / €6.07
-44.9%

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

  • The current share price of FRIWO 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 FRIWO's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are FRIWO's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:CEA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in EUR €-0.12
XTRA:CEA Share Price ** XTRA (2020-03-31) in EUR €8.45
Germany Electrical Industry PE Ratio Median Figure of 6 Publicly-Listed Electrical Companies 22.57x
Germany Market PE Ratio Median Figure of 399 Publicly-Listed Companies 16.31x

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

** Primary Listing of FRIWO.

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

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

= 8.45 ÷ -0.12

-67.85x

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

  • FRIWO is loss making, we can't compare its value to the DE Electrical industry average.
  • FRIWO is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does FRIWO's expected growth come at a high price?
Raw Data
DB:CEA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -67.85x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Germany Electrical Industry PEG Ratio Median Figure of 5 Publicly-Listed Electrical Companies 1x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.18x

*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 FRIWO, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on FRIWO's assets?
Raw Data
DB:CEA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in EUR €2.25
XTRA:CEA Share Price * XTRA (2020-03-31) in EUR €8.45
Germany Electrical Industry PB Ratio Median Figure of 14 Publicly-Listed Electrical Companies 1.69x
Germany Market PB Ratio Median Figure of 571 Publicly-Listed Companies 1.43x
DB:CEA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 8.45 ÷ 2.25

3.76x

* Primary Listing of FRIWO.

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

  • FRIWO is overvalued based on assets compared to the DE Electrical industry average.
X
Value checks
We assess FRIWO'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. FRIWO has a total score of 0/6, 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.

CEA Future Performance

 How is FRIWO expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as FRIWO has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
69.2%
Expected Electrical industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is FRIWO expected to grow at an attractive rate?
  • Unable to compare FRIWO's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare FRIWO's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare FRIWO's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:CEA Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Electrical Industry Earnings Growth Rate Market Cap Weighted Average 69.2%
Germany Electrical Industry Revenue Growth Rate Market Cap Weighted Average 12.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*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:CEA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:CEA Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-09-30 106 -1
2019-06-30 108 -5 1
2019-03-31 114 4
2018-12-31 121 2 5
2018-09-30 119 4
2018-06-30 128 10 4
2018-03-31 135 6
2017-12-31 141 12 7
2017-09-30 143 7
2017-06-30 145 8 7
2017-03-31 142 6
2016-12-31 135 -7 4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if FRIWO is high growth as no earnings estimate data is available.
  • Unable to determine if FRIWO is high growth as no revenue estimate data is available.
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:CEA 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 0 Analyst Estimates (S&P Global) See Below

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

DB:CEA Past Financials Data
Date (Data in EUR Millions) EPS *
2019-09-30 -0.12
2019-06-30 0.17
2019-03-31 0.52
2018-12-31 0.69
2018-09-30 0.54
2018-06-30 0.57
2018-03-31 0.72
2017-12-31 0.91
2017-09-30 0.86
2017-06-30 0.89
2017-03-31 0.79
2016-12-31 0.52

*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.
  • Unable to establish if FRIWO will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. FRIWO's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Capital Goods companies here
  2. FRIWO's competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess FRIWO'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.
FRIWO has a total score of 0/6, see the detailed checks below.

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

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

CEA Past Performance

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

DB:CEA Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 106.13 -0.97 10.90
2019-06-30 108.30 1.30 9.80
2019-03-31 114.13 3.93 10.90
2018-12-31 120.53 5.33 10.90
2018-09-30 119.41 4.11 11.93
2018-06-30 128.02 4.41 12.20
2018-03-31 134.71 5.51 11.93
2017-12-31 141.31 7.01 11.93
2017-09-30 143.07 6.54 10.21
2017-06-30 145.05 7.00 10.85
2017-03-31 141.57 6.04 10.21
2016-12-31 134.57 4.04 10.21
2016-09-30 136.11 2.85 12.44
2016-06-30 139.54 1.92 11.90
2016-03-31 142.11 2.35 12.44
2015-12-31 143.01 2.75 12.44
2015-09-30 139.97 3.08 11.27
2015-06-30 134.16 3.35 11.91
2015-03-31 129.27 2.68 11.27
2014-12-31 124.27 2.18 11.27
2014-09-30 118.39 2.38 10.67
2014-06-30 114.60 2.22 10.12
2014-03-31 114.09 2.58 10.67
2013-12-31 113.89 2.58 10.67
2013-09-30 113.45 2.18 9.04
2013-06-30 109.29 1.42 10.38

*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 FRIWO has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if FRIWO 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 FRIWO 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 FRIWO'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.
FRIWO 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.

CEA Health

 How is FRIWO'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 FRIWO's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • FRIWO is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • FRIWO's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of FRIWO'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 2.1x 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 FRIWO Company Filings, last reported 6 months ago.

DB:CEA Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 19.64 23.41 3.80
2019-06-30 19.64 21.59 3.80
2019-03-31 25.40 14.44 2.46
2018-12-31 25.40 14.44 2.46
2018-09-30 20.45 8.37 2.85
2018-06-30 20.45 8.37 2.85
2018-03-31 22.09 13.54 6.72
2017-12-31 22.09 13.54 6.72
2017-09-30 19.50 16.68 7.38
2017-06-30 19.50 16.68 7.38
2017-03-31 17.67 13.68 2.68
2016-12-31 17.67 13.68 2.72
2016-09-30 14.79 13.10 3.71
2016-06-30 14.79 13.10 3.71
2016-03-31 15.08 8.50 8.87
2015-12-31 15.08 8.50 8.81
2015-09-30 14.10 5.00 6.09
2015-06-30 14.10 5.00 6.09
2015-03-31 13.14 5.04 3.35
2014-12-31 13.14 5.04 3.35
2014-09-30 11.68 7.51 4.81
2014-06-30 11.68 7.51 4.81
2014-03-31 11.02 6.25 1.29
2013-12-31 11.02 6.25 1.29
2013-09-30 9.57 8.09 2.67
2013-06-30 9.57 8.09 2.67
  • FRIWO's level of debt (109.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (63.9% vs 109.9% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on FRIWO's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess FRIWO'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. FRIWO has a total score of 2/6, 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.

CEA Dividends

 What is FRIWO'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
4.73%
Current annual income from FRIWO dividends.
If you bought €2,000 of FRIWO shares you are expected to receive €95 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?
  • FRIWO's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.68%).
  • FRIWO's dividend is below the markets top 25% of dividend payers in Germany (4.97%).
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:CEA 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 0 Analyst Estimates (S&P Global) See Below
Germany Electrical Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.8%
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 5%

Industry and Market average data is calculated daily.

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

DB:CEA Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-04-11 0.400 2.326
2018-03-27 0.400 1.573
2017-03-28 0.250 1.167
2017-03-21 0.250 1.583
2016-03-31 0.150 0.965
2015-04-20 0.130 0.791
2012-10-22 0.000 0.000
2012-08-15 0.000 0.000
2012-05-10 0.000 0.000
2012-04-12 0.000 0.000
2011-03-22 0.250 2.663
2010-11-29 0.000 0.000
2010-11-16 0.000 0.000
2010-08-11 0.000 0.000
2010-04-15 0.000 0.000
2010-03-01 0.000 0.000

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

  • FRIWO 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 FRIWO only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of FRIWO's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess FRIWO'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 FRIWO afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. FRIWO 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.

CEA Management

 What is the CEO of FRIWO'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
Rolf Schwirz
CEO Bio

Mr. Rolf Schwirz serves as Chief Executive Officer at FRIWO AG. He serves as a Managing Director of FRIWO Gerätebau GmbH. Mr. Schwirz served as Chairman of Management Board and Chief Executive Officer of Kontron AG from January 2013 to July 25, 2016. Mr. Schwirz served as Member of the Management Board at Kontron AG from December 1, 2012 to July 25, 2016. Prior to Kontron, he was CEO of Fujitsu Technology Solutions, held the position of Head of Mature Markets EMEA at SAP and spent 12 years at Oracle in a variety of international management roles including those of Senior Vice President Western Continental Europe, Managing Director Nordic-Germany and Vice President Sales Germany. He knows the customer needs both in large and mid-size businesses. He began his career in 1983 as systems consultant, holding various management positions at Siemens Nixdorf and Siemens AG. He holds a Diploma in Business Administration from the University of Applied Sciences in Düsseldorf, Germany.

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

Rita Brehm

TITLE
Personnel Officer & Member of the Supervisory Board
COMPENSATION
€10K

Rolf Schwirz

TITLE
Chief Executive Officer

Ulrich Lammers

TITLE
Chief Financial Officer
TENURE
1.2 yrs

Lothar Schwemm

TITLE
Head of Technology & Distribution and Member of the Management Board
AGE
54

Martin Schimmelpfennig

TITLE
Head of Finance & Production and Member of Management Board
TENURE
5.8 yrs
Board of Directors

Richard Ramsauer

TITLE
Chairman of the Supervisory Board

Jürgen Leuze

TITLE
Vice-Chairman of the Supervisory Board

Rita Brehm

TITLE
Personnel Officer & Member of the Supervisory Board
COMPENSATION
€10K

Johannes Feldmayer

TITLE
Member of the Supervisory Board
AGE
63

Uwe Leifken

TITLE
Member of the Supervisory Board
TENURE
3.8 yrs

Gregory Matthies

TITLE
Member of Supervisory Board
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 FRIWO'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. FRIWO 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.

CEA News

Simply Wall St News

A Look At The Fair Value Of FRIWO AG (FRA:CEA)

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of FRIWO AG (FRA:CEA) as an investment opportunity by taking the expected future cash flows and discounting them to today's value. … A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we need to discount the sum of these future cash flows to arrive at a present value estimate: 10-year free cash flow (FCF) estimate 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Levered FCF (€, Millions) €8.6m €9.2m €9.7m €10.0m €10.2m €10.4m €10.5m €10.7m €10.7m €10.8m Growth Rate Estimate Source Est @ 9.4% Est @ 6.65% Est @ 4.72% Est @ 3.38% Est @ 2.43% Est @ 1.77% Est @ 1.31% Est @ 0.98% Est @ 0.76% Est @ 0.6% Present Value (€, Millions) Discounted @ 7.1% €8.1 €8.0 €7.9 €7.6 €7.3 €6.9 €6.5 €6.2 €5.8 €5.4 ("Est" = FCF growth rate estimated by Simply Wall St) Present Value of 10-year Cash Flow (PVCF)= €69.6m We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. … Terminal Value (TV) = FCF2029 × (1 + g) ÷ (r – g) = €11m × (1 + 0.2%) ÷ (7.1% – 0.2%) = €157m Present Value of Terminal Value (PVTV) = TV / (1 + r)10 = €€157m ÷ ( 1 + 7.1%)10 = €79.22m The total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is €148.84m.

Simply Wall St -

Is FRIWO AG (FRA:CEA) An Attractive Dividend Stock?

Dividend paying stocks like FRIWO AG (FRA:CEA) tend to be popular with investors, and for good reason - some research suggests a significant amount of all stock market returns come from reinvested dividends. … Last year, FRIWO paid a dividend while reporting negative free cash flow. … FRIWO has been paying dividends for a long time, but for the purpose of this analysis, we only examine the past 10 years of payments.

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Did FRIWO's (FRA:CEA) Share Price Deserve to Gain 78%?

For example, FRIWO AG (FRA:CEA) shareholders have seen the share price rise 78% over three years, well in excess of the market return (19%, not including dividends). … During three years of share price growth, FRIWO achieved compound earnings per share growth of 25% per year. … We note that the 21% yearly (average) share price gain isn't too far from the EPS growth rate.

Simply Wall St -

Can FRIWO AG's (FRA:CEA) ROE Continue To Surpass The Industry Average?

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for FRIWO: 21% = €5.3m ÷ €25m (Based on the trailing twelve months to December 2018.) Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. … A company that can achieve a high return on equity without debt could be considered a high quality business. … If you would prefer check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

Simply Wall St -

Are FRIWO AG's (FRA:CEA) Interest Costs Too High?

Moreover, CEA has produced €2.0m in operating cash flow over the same time period, leading to an operating cash to total debt ratio of 14%, meaning that CEA’s operating cash is less than its debt. … At the current liabilities level of €30m, the company has been able to meet these obligations given the level of current assets of €50m, with a current ratio of 1.66x. … Next Steps: Although CEA’s debt level is towards the higher end of the spectrum, its cash flow coverage seems adequate to meet obligations which means its debt is being efficiently utilised.

Simply Wall St -

Should You Be Tempted To Sell FRIWO AG (FRA:CEA) Because Of Its P/E Ratio?

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … Looking at earnings over the last twelve months, FRIWO has a P/E ratio of 35.56. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

What To Know Before Buying FRIWO AG (FRA:CEA) For Its Dividend

Is FRIWO AG (FRA:CEA) a good dividend stock? … Yet sometimes, investors buy a stock for its dividend and lose money because the share price falls by more than they earned in dividend payments. … When buying stocks for their dividends, you should always run through the checks below, to see if the dividend looks sustainable.

Simply Wall St -

Did FRIWO's (FRA:CEA) Share Price Deserve to Gain 87%?

To wit, the FRIWO share price has climbed 87% in five years, easily topping the market return of 14% (ignoring dividends). … During five years of share price growth, FRIWO achieved compound earnings per share (EPS) growth of 14% per year. … Rather, the share price has approximately tracked EPS growth.

Simply Wall St -

A Closer Look At FRIWO AG's (FRA:CEA) Impressive ROE

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … That means that for every €1 worth of shareholders' equity, it generated €0.20 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Here's What FRIWO AG's (FRA:CEA) P/E Is Telling Us

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … FRIWO has a price to earnings ratio of 41.42, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

CEA Company Info

Description

FRIWO AG develops, manufactures, and sells power supplies and chargers worldwide. The company was formerly known as CEAG AG and changed its name to FRIWO AG in 2009. FRIWO AG was founded in 1967 and is headquartered in Ostbevern, Germany. FRIWO AG is a subsidiary of VTC Industriebeteiligungen GmbH & Co. KG.

Details
Name: FRIWO AG
CEA
Exchange: DB
Founded: 1967
€67,760,000
7,700,000
Website: http://www.friwo-ag.de
Address: FRIWO AG
Von-Liebig-Strasse 11,
Ostbevern,
North Rhine-Westphalia, 48346,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA CEA Bearer Shares XETRA Trading Platform DE EUR 02. Jan 1992
DB CEA Bearer Shares Deutsche Boerse AG DE EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
2,074
FRIWO employees.
Industry
Electrical Components and Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 21:43
End of day share price update: 2020/03/31 00:00
Last earnings filing: 2019/11/07
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.