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SBF

DB:CY1K
Snowflake Description

Outstanding track record with flawless balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CY1K
DB
€37M
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

SBF AG, through its subsidiary, SBF Spezialleuchten GmbH, supplies ceiling, lighting, and ventilation systems for rail vehicles. The last earnings update was 8 days ago. More info.


Add to Portfolio Compare Print
  • SBF has significant price volatility in the past 3 months.
CY1K Share Price and Events
7 Day Returns
6%
DB:CY1K
9.2%
DE Electrical
9.9%
DE Market
1 Year Returns
152.4%
DB:CY1K
-8.2%
DE Electrical
-17.5%
DE Market
CY1K Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
SBF (CY1K) 6% -9.4% 59.6% 152.4% 241.9% -53.9%
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
  • CY1K outperformed the Electrical industry which returned -8.2% over the past year.
  • CY1K outperformed the Market in Germany which returned -17.5% over the past year.
Price Volatility
CY1K
Industry
5yr Volatility vs Market
Related Companies

CY1K Value

 Is SBF 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 SBF 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 SBF.

DB:CY1K Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.7%
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:CY1K
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%) (7.32%))
1.118
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.12
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.118 * 5.44%)
5.69%

Discounted Cash Flow Calculation for DB:CY1K using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for SBF 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:CY1K DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 5.69%)
2020 0.90 Analyst x1 0.85
2021 4.20 Analyst x1 3.76
2022 4.10 Analyst x1 3.47
2023 4.03 Est @ -1.67% 3.23
2024 3.98 Est @ -1.29% 3.02
2025 3.94 Est @ -1.02% 2.83
2026 3.91 Est @ -0.83% 2.65
2027 3.88 Est @ -0.7% 2.49
2028 3.86 Est @ -0.61% 2.34
2029 3.84 Est @ -0.54% 2.21
Present value of next 10 years cash flows €26.00
DB:CY1K DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €3.84 × (1 + -0.39%) ÷ (5.69% – -0.39%)
€62.83
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €62.83 ÷ (1 + 5.69%)10
€36.12
DB:CY1K Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €26.00 + €36.12
€62.12
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €62.12 / 7.84
€7.92
DB:CY1K Discount to Share Price
Calculation Result
Value per share (EUR) From above. €7.92
Current discount Discount to share price of €5.30
= -1 x (€5.30 - €7.92) / €7.92
33.1%

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

Current Discount
Amount off the current price SBF is available for.
Intrinsic value
33%
Share price is €5.3 vs Future cash flow value of €7.92
Current Discount Checks
For SBF to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • SBF's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • SBF's share price is below the future cash flow value, but not 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 SBF's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are SBF's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:CY1K PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €0.18
DB:CY1K Share Price ** DB (2020-03-31) in EUR €5.3
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 SBF.

DB:CY1K PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= DB:CY1K Share Price ÷ EPS (both in EUR)

= 5.3 ÷ 0.18

29.91x

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

  • SBF is overvalued based on earnings compared to the DE Electrical industry average.
  • SBF is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does SBF's expected growth come at a high price?
Raw Data
DB:CY1K PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 29.91x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
15.8%per year
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 .

DB:CY1K PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 29.91x ÷ 15.8%

1.89x

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

  • SBF is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on SBF's assets?
Raw Data
DB:CY1K PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €1.47
DB:CY1K Share Price * DB (2020-03-31) in EUR €5.3
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:CY1K PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= DB:CY1K Share Price ÷ Book Value per Share (both in EUR)

= 5.3 ÷ 1.47

3.59x

* Primary Listing of SBF.

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

  • SBF is overvalued based on assets compared to the DE Electrical industry average.
X
Value checks
We assess SBF'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. SBF 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.

CY1K Future Performance

 How is SBF expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
15.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is SBF expected to grow at an attractive rate?
  • SBF's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • SBF's earnings growth is expected to exceed the Germany market average.
  • SBF's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:CY1K Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:CY1K Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 15.8%
DB:CY1K Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 13.3%
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:CY1K Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:CY1K Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 34 1
2023-12-31 32 1
2022-12-31 28 5 5 2
2021-12-31 24 4 4 2
2020-12-31 21 3 3 2
2020-03-31
DB:CY1K Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 17 3 3
2018-12-31 15 2 1
2017-12-31 20 2 1
2017-09-30 31 1
2017-06-30 1 1
2017-03-31 1 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • SBF's earnings are expected to grow by 15.8% yearly, however this is not considered high growth (20% yearly).
  • SBF's revenue is expected to grow by 13.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:CY1K 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 2 Analyst Estimates (S&P Global) See Below

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

DB:CY1K 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 0.62 0.62 0.62 1.00
2021-12-31 0.53 0.53 0.53 1.00
2020-12-31 0.44 0.44 0.44 1.00
2020-03-31
DB:CY1K Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31
2018-12-31 0.18
2017-12-31 0.17
2017-09-30 0.12
2017-06-30 0.09
2017-03-31 0.04

*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.
  • SBF is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess SBF'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.
SBF has a total score of 4/6, 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.

CY1K Past Performance

  How has SBF 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 SBF'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.
  • SBF has delivered over 20% year on year earnings growth in the past 5 years.
  • SBF's 1-year earnings growth exceeds its 5-year average (116.8% vs 64.1%)
  • SBF's earnings growth has exceeded the DE Electrical industry average in the past year (116.8% vs 17.2%).
Earnings and Revenue History
SBF'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 SBF Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:CY1K 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 17.44 3.01 4.64
2018-12-31 14.70 1.39 4.17
2017-12-31 19.53 1.36 4.71
2017-09-30 31.29 0.98 7.49
2017-06-30 1.24 0.67 0.25
2017-03-31 1.18 0.33 0.26
2016-12-31 22.02 -0.04 5.29
2016-09-30 0.70 -2.76 0.35
2016-06-30 -5.51 0.42
2016-03-31 -5.49 0.45
2015-12-31 0.29 -5.47 0.48
2015-09-30 0.14 -4.67 0.44
2015-06-30 -3.87 0.40
2015-03-31 -3.92 0.40
2014-12-31 -3.97 0.39
2014-09-30 -8.33 0.47
2014-06-30 -12.70 0.56
2014-03-31 -12.93 0.63
2013-12-31 -13.16 0.71
2013-09-30 -8.67 0.64
2013-06-30 -4.19 0.57

*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.
  • SBF has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • SBF used its assets more efficiently than the DE Electrical industry average last year based on Return on Assets.
  • SBF has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess SBF'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.
SBF has a total score of 6/6, 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.

CY1K Health

 How is SBF'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 SBF's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • SBF is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • SBF's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of SBF'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 3.8x 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 SBF Company Filings, last reported 3 months ago.

DB:CY1K Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 14.95 2.70 2.79
2018-12-31 11.57 1.73 1.06
2017-12-31 10.18 3.37 1.02
2017-09-30 10.18 3.37 1.02
2017-06-30 8.21 0.00 0.12
2017-03-31 8.21 0.00 0.12
2016-12-31 8.82 4.23 0.39
2016-09-30 8.25 0.00 0.18
2016-06-30 7.54 3.74 4.45
2016-03-31 7.54 3.74 4.45
2015-12-31 2.70 3.74 0.30
2015-09-30 2.70 3.74 0.30
2015-06-30 7.39 3.74 0.33
2015-03-31 7.39 3.74 0.33
2014-12-31 6.71 3.74 0.11
2014-09-30 6.71 3.74 0.11
2014-06-30 9.91 3.74 0.33
2014-03-31 9.91 3.74 0.33
2013-12-31 5.51 4.99 1.18
2013-09-30 5.51 4.99 1.18
2013-06-30 15.39 4.99 1.60
  • SBF's level of debt (18%) 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 (55.7% vs 18% today).
  • Debt is well covered by operating cash flow (106.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 40.2x coverage).
X
Financial health checks
We assess SBF'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. SBF has a total score of 6/6, 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.

CY1K Dividends

 What is SBF'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 SBF dividends.
If you bought €2,000 of SBF 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 SBF's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate SBF'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:CY1K Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Germany 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:CY1K 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
2020-12-31
2020-03-31

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

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

CY1K Management

 What is the CEO of SBF'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.
  • SBF has no CEO, or we have no data on them.
Management Team

Rudolf Witt

TITLE
CFO & Member of the Management Board
TENURE
4.6 yrs

Robert Stöcklinger

TITLE
Member of Management Board
Board of Directors

Lothar Koniarski

TITLE
Chairman of the Supervisory Board

Thies Eggers

TITLE
Vice Chairman of Supervisory Board

Ulrich Hauck

TITLE
Member Of Supervisory Board
AGE
55
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 SBF'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. SBF 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.

CY1K News

Simply Wall St News

Is SBF AG's (FRA:CY1K) 12% ROE Better Than Average?

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for SBF: 12% = €1.4m ÷ €12m (Based on the trailing twelve months to December 2018.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … How Does Debt Impact Return On Equity? … Conservative use of debt to boost returns is usually a good move for shareholders, though it does leave the company more exposed to interest rate rises.

Simply Wall St -

Why SBF AG (FRA:CY1K) Could Be Your Next Investment

Flawless balance sheet and good value CY1K is financially robust, with ample cash on hand and short-term investments to meet upcoming liabilities. … This indicates that CY1K has sufficient cash flows and proper cash management in place, which is an important determinant of the company’s health. … CY1K's shares are now trading at a price below its true value based on its discounted cash flows, indicating a relatively pessimistic market sentiment.

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What Is SBF's (FRA:CY1K) P/E Ratio After Its Share Price Rocketed?

Earnings growth means that in the future the 'E' will be higher. … The exact same company would hypothetically deserve a higher P/E ratio if it had a strong balance sheet, than if it had a weak one with lots of debt, because a cashed up company can spend on growth. … If the reality for a company is not as bad as the P/E ratio indicates, then the share price should increase as the market realizes this.

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Estimating The Intrinsic Value Of SBF AG (FRA:CY1K)

In this article we are going to estimate the intrinsic value of SBF AG (FRA:CY1K) by projecting its future cash flows and then 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) €270.0k €2.3m €2.1m €2.2m €2.3m €2.4m €2.4m €2.5m €2.5m €2.5m Growth Rate Estimate Source Analyst x1 Analyst x1 Analyst x1 Analyst x1 Est @ 4.67% Est @ 3.34% Est @ 2.41% Est @ 1.75% Est @ 1.3% Est @ 0.97% Present Value (€, Millions) Discounted @ 7.03% €0.3 €2.0 €1.7 €1.7 €1.6 €1.6 €1.5 €1.4 €1.4 €1.3 ("Est" = FCF growth rate estimated by Simply Wall St) Present Value of 10-year Cash Flow (PVCF)= €14.4m We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. … DB:CY1K Intrinsic value, July 2nd 2019 Important assumptions Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows.

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Is SBF AG's (FRA:CY1K) ROE Of 12% Impressive?

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for SBF: 12% = €1.4m ÷ €12m (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. … Shareholders' equity can be calculated by subtracting the total liabilities of the company from the total assets of the company. … A company that can achieve a high return on equity without debt could be considered a high quality business.

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Is SBF AG's (FRA:CY1K) Capital Allocation Ability Worth Your Time?

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for SBF: 0.11 = €1.6m ÷ (€16m - €1.2m) (Based on the trailing twelve months to December 2018.) Therefore, SBF has an ROCE of 11%. … Do SBF's Current Liabilities Skew Its ROCE? … The ROCE equation subtracts current liabilities from capital employed, so a company with a lot of current liabilities appears to have less capital employed, and a higher ROCE than otherwise.

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A Look At SBF AG's (FRA:CY1K) Exceptional Fundamentals

Looking at the company as a whole, as a potential stock investment, I believe CY1K has a lot to offer. … is a company that has been able to sustain great financial health, trading at an attractive share price. … Below, I've touched on some key aspects you should know on a high level.

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Why You Should Like SBF AG’s (FRA:CY1K) ROCE

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Understanding Return On Capital Employed (ROCE). … How Do You Calculate Return On Capital Employed

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Should You Be Impressed By SBF AG's (FRA:CY1K) ROE?

This article is for those who would like to learn about Return On Equity (ROE). … One way to conceptualize this, is that for each €1 of shareholders' equity it has, the company made €0.13 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

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Should You Consider SBF AG (FRA:CY1K)?

As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook. … is a company that has been able to sustain great financial health, trading at an attractive share price.

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CY1K Company Info

Description

SBF AG, through its subsidiary, SBF Spezialleuchten GmbH, supplies ceiling, lighting, and ventilation systems for rail vehicles. The company designs, produces, and sells LED systems for the exterior and interior use of various rail vehicles. It offers front and step lighting in the exterior light strips in ceiling systems; and reading lights in the interior. The company is based in Leipzig, Germany.

Details
Name: SBF AG
CY1K
Exchange: DB
Founded:
€36,864,826
7,843,580
Website: http://www.sbf-ag.com
Address: SBF AG
Zaucheweg 4,
Leipzig,
Saxony, 04316,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
DB CY1K Common Stock Deutsche Boerse AG DE EUR 24. Nov 2006
Number of employees
Current staff
Staff numbers
89
SBF employees.
Industry
Electrical Components and Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 21:20
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2020/03/25
Last earnings filing: 2020/03/23
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.