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Siemens Gamesa Renewable Energy

DB:GTQ1
Snowflake Description

Mediocre balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GTQ1
DB
€9B
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Siemens Gamesa Renewable Energy, S.A., together with its subsidiaries, engages in the development and construction of wind farms. The last earnings update was 56 days ago. More info.


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GTQ1 Share Price and Events
7 Day Returns
1.5%
DB:GTQ1
9.2%
DE Electrical
9.9%
DE Market
1 Year Returns
-6.8%
DB:GTQ1
-8.2%
DE Electrical
-17.5%
DE Market
GTQ1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Siemens Gamesa Renewable Energy (GTQ1) 1.5% -7.5% -15.1% -6.8% -40% -
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
  • GTQ1 outperformed the Electrical industry which returned -8.2% over the past year.
  • GTQ1 outperformed the Market in Germany which returned -17.5% over the past year.
Price Volatility
GTQ1
Industry
5yr Volatility vs Market

Value

 Is Siemens Gamesa Renewable Energy 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 Siemens Gamesa Renewable Energy 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 Siemens Gamesa Renewable Energy.

DB:GTQ1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 16 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.3%
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:GTQ1
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 7.5%
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- 25%) (15.94%))
1.169
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.17
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.169 * 7.46%)
8.33%

Discounted Cash Flow Calculation for DB:GTQ1 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Siemens Gamesa Renewable Energy 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:GTQ1 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 8.33%)
2020 -25.24 Analyst x7 -23.30
2021 350.49 Analyst x10 298.66
2022 592.51 Analyst x8 466.07
2023 765.00 Analyst x3 555.48
2024 671.00 Analyst x1 449.76
2025 613.76 Est @ -8.53% 379.76
2026 576.40 Est @ -6.09% 329.22
2027 551.16 Est @ -4.38% 290.59
2028 533.62 Est @ -3.18% 259.71
2029 521.11 Est @ -2.34% 234.12
Present value of next 10 years cash flows €3,240.00
DB:GTQ1 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €521.11 × (1 + -0.39%) ÷ (8.33% – -0.39%)
€5,952.76
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €5,952.76 ÷ (1 + 8.33%)10
€2,674.44
DB:GTQ1 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €3,240.00 + €2,674.44
€5,914.44
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €5,914.44 / 679.51
€8.7
DB:GTQ1 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:GTQ1 represents 0.97378x of BME:SGRE
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.97378x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 8.70 x 0.97378
€8.48
Value per share (EUR) From above. €8.48
Current discount Discount to share price of €13.37
= -1 x (€13.37 - €8.48) / €8.48
-57.7%

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

  • The current share price of Siemens Gamesa Renewable Energy 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 Siemens Gamesa Renewable Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Siemens Gamesa Renewable Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:GTQ1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €-0.08
BME:SGRE Share Price ** BME (2020-03-31) in EUR €13.73
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 Siemens Gamesa Renewable Energy.

DB:GTQ1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BME:SGRE Share Price ÷ EPS (both in EUR)

= 13.73 ÷ -0.08

-179.42x

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

  • Siemens Gamesa Renewable Energy is loss making, we can't compare its value to the DE Electrical industry average.
  • Siemens Gamesa Renewable Energy is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Siemens Gamesa Renewable Energy's expected growth come at a high price?
Raw Data
DB:GTQ1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -179.42x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts
54.1%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 .

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

  • Unable to calculate PEG ratio for Siemens Gamesa Renewable Energy, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Siemens Gamesa Renewable Energy's assets?
Raw Data
DB:GTQ1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €8.82
BME:SGRE Share Price * BME (2020-03-31) in EUR €13.73
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:GTQ1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BME:SGRE Share Price ÷ Book Value per Share (both in EUR)

= 13.73 ÷ 8.82

1.56x

* Primary Listing of Siemens Gamesa Renewable Energy.

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

  • Siemens Gamesa Renewable Energy is good value based on assets compared to the DE Electrical industry average.
X
Value checks
We assess Siemens Gamesa Renewable Energy'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. Siemens Gamesa Renewable Energy 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.

Future Performance

 How is Siemens Gamesa Renewable Energy expected to perform in the next 1 to 3 years based on estimates from 16 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
54.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Siemens Gamesa Renewable Energy expected to grow at an attractive rate?
  • Siemens Gamesa Renewable Energy's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Siemens Gamesa Renewable Energy's earnings growth is expected to exceed the Germany market average.
  • Siemens Gamesa Renewable Energy's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:GTQ1 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:GTQ1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts 54.1%
DB:GTQ1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 16 Analysts 3.7%
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:GTQ1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:GTQ1 Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-09-30 11,307 1,285 658 2
2023-09-30 11,738 1,193 607 4
2022-09-30 11,464 1,063 461 14
2021-09-30 11,175 911 292 16
2020-09-30 10,318 681 12 16
2020-03-31
DB:GTQ1 Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 9,966 1,051 -52
2019-09-30 10,227 784 140
2019-06-30 9,901 447 113
2019-03-31 9,405 445 137
2018-12-31 9,257 304 123
2018-09-30 9,122 729 70
2017-09-30 8,718 -465 -20
2017-06-30 7,191 437 331
2017-03-31 6,677 650 387

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Siemens Gamesa Renewable Energy's earnings are expected to grow significantly at over 20% yearly.
  • Siemens Gamesa Renewable Energy's revenue is expected to grow by 3.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:GTQ1 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 16 Analyst Estimates (S&P Global) See Below

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

DB:GTQ1 Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-09-30 0.97 0.97 0.97 1.00
2023-09-30 0.91 0.96 0.85 2.00
2022-09-30 0.68 0.82 0.57 11.00
2021-09-30 0.46 0.61 0.27 12.00
2020-09-30 0.00 0.13 -0.09 8.00
2020-03-31
DB:GTQ1 Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 -0.08
2019-09-30 0.21
2019-06-30 0.17
2019-03-31 0.20
2018-12-31 0.18
2018-09-30 0.10
2017-09-30 -0.03
2017-06-30 0.71
2017-03-31 0.89

*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.
  • Siemens Gamesa Renewable Energy is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Siemens Gamesa Renewable Energy'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.
Siemens Gamesa Renewable Energy has a total score of 3/6, 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 Siemens Gamesa Renewable Energy 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 Siemens Gamesa Renewable Energy'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.
  • Siemens Gamesa Renewable Energy does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Siemens Gamesa Renewable Energy's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Siemens Gamesa Renewable Energy's 1-year growth to the DE Electrical industry average as it is not currently profitable.
Earnings and Revenue History
Siemens Gamesa Renewable Energy'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 Siemens Gamesa Renewable Energy Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:GTQ1 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 9,965.88 -52.00 496.25 216.94
2019-09-30 10,226.88 140.00 496.25 207.94
2019-06-30 9,901.27 112.99 538.50 160.59
2019-03-31 9,404.84 136.92 529.06 157.70
2018-12-31 9,257.27 122.99 548.50 172.59
2018-09-30 9,122.27 69.99 567.50 165.59
2017-09-30 8,717.60 -20.28 525.60 187.94
2017-06-30 7,190.53 330.88 401.12 199.29
2017-03-31 6,677.21 386.89 345.49 198.84
2016-12-31 6,163.90 442.90 289.86 198.39
2015-12-31 0.00

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

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Siemens Gamesa Renewable Energy's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Siemens Gamesa Renewable Energy's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Siemens Gamesa Renewable Energy'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 5.1x 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 Siemens Gamesa Renewable Energy Company Filings, last reported 3 months ago.

DB:GTQ1 Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 5,994.00 1,487.00 1,822.00
2019-09-30 6,272.81 864.44 1,863.26
2019-06-30 6,166.00 1,145.00 1,159.00
2019-03-31 6,206.46 1,470.31 1,438.90
2018-12-31 6,055.00 1,960.00 2,311.00
2018-09-30 5,930.95 1,807.19 2,517.54
2017-09-30 6,084.85 1,278.50 1,756.49
2017-06-30 6,610.63 1,235.58 1,659.13
2017-03-31 586.11 1.83 244.33
2016-12-31 586.11 1.83 244.33
2015-12-31 0.00 0.00 0.00
  • Siemens Gamesa Renewable Energy's level of debt (24.8%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Siemens Gamesa Renewable Energy's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (70.7%, greater than 20% of total debt).
  • Siemens Gamesa Renewable Energy is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Siemens Gamesa Renewable Energy'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. Siemens Gamesa Renewable Energy has a total score of 3/6, 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 Siemens Gamesa Renewable Energy'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 Siemens Gamesa Renewable Energy dividends. Estimated to be 1.04% next year.
If you bought €2,000 of Siemens Gamesa Renewable Energy 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 Siemens Gamesa Renewable Energy's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Siemens Gamesa Renewable Energy'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:GTQ1 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 16 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:GTQ1 Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2024-09-30 0.54 1.00
2023-09-30 0.31 3.00
2022-09-30 0.20 14.00
2021-09-30 0.13 16.00
2020-09-30 0.05 16.00
2020-03-31
DB:GTQ1 Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2018-07-27 0.000 0.000
2018-05-04 0.000 0.000
2018-01-30 0.000 0.000
2017-12-01 0.000 0.000

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

  • Unable to perform a dividend volatility check as Siemens Gamesa Renewable Energy has not reported any payouts.
  • Unable to verify if Siemens Gamesa Renewable Energy's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Siemens Gamesa Renewable Energy's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Siemens Gamesa Renewable Energy has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.2x coverage).
X
Income/ dividend checks
We assess Siemens Gamesa Renewable Energy'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 Siemens Gamesa Renewable Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Siemens Gamesa Renewable Energy 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.

Management

 What is the CEO of Siemens Gamesa Renewable Energy'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
Markus Tacke
CEO Bio

Dr. Markus Tacke serves as the Chief Executive Officer of Siemens Gamesa Renewable Energy, S.A. and as its Executive Director since June 20, 2017. Dr. Tacke serves as Chief Executive Officer of Siemens Gamesa Renewable Energy Division at Siemens Aktiengesellschaft since 2019. Dr. Tacke served as the Chief Executive Officer of Wind Power at Siemens Aktiengesellschaft and served as its Chief Executive Officer of Wind Power and Renewables until April 2017. Dr. Tacke serves as Chairman of the Board of European Wind Energy Association. He started his professional career in Ways&Freytag AG and joined Siemens group in 1998, having held a number of relevant positions. He holds a Mechanical Engineering Degree from the Technical University of Darmstadt (Germany), Master Degree of Engineering by Cornell University (USA) and a PhD by the Technical University of Darmstadt (Germany).

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

Average tenure of the Siemens Gamesa Renewable Energy management team in years:

1.3
Average Tenure
  • The average tenure for the Siemens Gamesa Renewable Energy management team is less than 2 years, this suggests a new team.
Management Team

Markus Tacke

TITLE
CEO & Executive Director

David Mesonero Molina

TITLE
Chief Financial Officer
TENURE
1.3 yrs

Christoph Wollny

TITLE
Chief Operating Officer
TENURE
1.3 yrs

Juergen Vinkenfluegel

TITLE
Member of Management Board
AGE
60

Thomas Spannring

TITLE
Accounting

Antonio de la Torre

TITLE
Chief Technology Officer

Alan Feeley

TITLE
Chief Information & Cyber Security Officer

Carlos Albi

TITLE
Managing Director of Corporate Development & Strategy
TENURE
1.3 yrs

Javier Fernández-Combarro

TITLE
Human Resources Director

Mark Albenze

TITLE
Chief Executive Officer of Service Business Unit
Board of Directors Tenure

Average tenure and age of the Siemens Gamesa Renewable Energy board of directors in years:

2.8
Average Tenure
52
Average Age
  • The average tenure for the Siemens Gamesa Renewable Energy board of directors is less than 3 years, this suggests a new board.
Board of Directors

Miguel Ángel López Borrego

TITLE
Non-Executive Chairman
TENURE
1.3 yrs

Markus Tacke

TITLE
CEO & Executive Director
TENURE
2.8 yrs

Harald von Heynitz

TITLE
Independent Director

Gloria Hernández García

TITLE
Independent Director
TENURE
4.8 yrs

Mariel von Schumann

TITLE
Non-Executive Proprietary Director
AGE
48
TENURE
2.8 yrs

Klaus Rosenfeld

TITLE
Non-Executive Independent Director
AGE
53
TENURE
2.8 yrs

Michael Sen

TITLE
Proprietary Director
AGE
51
TENURE
2.8 yrs

Rudolf Krämmer

TITLE
Independent Director
TENURE
1 yrs

Andreas Hoffmann

TITLE
Proprietary Director
AGE
55
TENURE
0.3 yrs

Tim Holt

TITLE
Non-Executive Proprietary Director
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 (€)
08. Nov 19 Buy Markus Tacke Individual 05. Nov 19 05. Nov 19 5,000 €11.80 €59,000
X
Management checks
We assess Siemens Gamesa Renewable Energy'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. Siemens Gamesa Renewable Energy 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

Company Info

Description

Siemens Gamesa Renewable Energy, S.A., together with its subsidiaries, engages in the development and construction of wind farms. It is involved in the engineering, design, production, and sale of wind turbines and related components. It operates through two segments, Wind Turbines and Operation and Maintenance. The Wind Turbines segment offers wind turbines for various pitch and speed technologies, as well as provides development, construction, and sale of wind farms. The Operation and Maintenance segment engages in the management, monitoring, and maintenance of wind farms. It operates in approximately 90 countries, with a total capacity base of over 89 gigawatts. The company was formerly known as Gamesa Corporación Tecnológica, Sociedad Anónima and changed its name to Siemens Gamesa Renewable Energy, S.A. in May 2017. The company was founded in 1976 and is headquartered in Zamudio, Spain. Siemens Gamesa Renewable Energy, S.A. operates as a subsidiary of Siemens Aktiengesellschaft.

Details
Name: Siemens Gamesa Renewable Energy, S.A.
GTQ1
Exchange: DB
Founded: 1976
€9,329,644,249
679,507,957
Website: http://www.siemensgamesa.com
Address: Siemens Gamesa Renewable Energy, S.A.
Parque Tecnologico de Bizkaia,
Edificio 222,
Zamudio,
Basque Country, 48170,
Spain
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BME SGRE Share Capital Bolsas y Mercados Espanoles ES EUR 04. Apr 2017
OTCPK GCTA.F Share Capital Pink Sheets LLC US USD 04. Apr 2017
DB GTQ1 Share Capital Deutsche Boerse AG DE EUR 04. Apr 2017
XTRA GTQ1 Share Capital XETRA Trading Platform DE EUR 04. Apr 2017
LSE 0H4N Share Capital London Stock Exchange GB EUR 04. Apr 2017
BMV SGRE N Share Capital Bolsa Mexicana de Valores MX MXN 04. Apr 2017
BATS-CHIXE SGREE Share Capital BATS 'Chi-X Europe' GB EUR 04. Apr 2017
OTCPK GCTA.Y Depositary Receipt (Common Stock) Pink Sheets LLC US USD 04. Apr 2017
Number of employees
Current staff
Staff numbers
24,327
Siemens Gamesa Renewable Energy employees.
Industry
Heavy Electrical Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 23:33
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2020/03/31
Last earnings filing: 2020/02/04
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/09/30


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.