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AS Harju Elekter

DB:HD8
Snowflake Description

Excellent balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HD8
DB
€64M
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

AS Harju Elekter manufactures and sells electrical equipment in Estonia, Finland, Sweden, Lithuania, and internationally. The last earnings update was 5 days ago. More info.


Add to Portfolio Compare Print
  • AS Harju Elekter has significant price volatility in the past 3 months.
HD8 Share Price and Events
7 Day Returns
1.1%
DB:HD8
1.8%
DE Electrical
2.2%
DE Market
1 Year Returns
-25.9%
DB:HD8
-8.9%
DE Electrical
-17.2%
DE Market
HD8 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
AS Harju Elekter (HD8) 1.1% -11.3% -13.6% -25.9% - -
DE Electrical 1.8% -20.6% -35.7% -8.9% -41.9% -42.9%
DE Market 2.2% -15.7% -24% -17.2% -23.3% -27.8%
1 Year Return vs Industry and Market
  • HD8 underperformed the Electrical industry which returned -8.9% over the past year.
  • HD8 underperformed the Market in Germany which returned -17.2% over the past year.
Price Volatility
HD8
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for AS Harju Elekter's competitors could be found in our database.

HD8 Value

 Is AS Harju Elekter 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 AS Harju Elekter 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 AS Harju Elekter.

DB:HD8 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.6%
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:HD8
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.3%
Electrical Unlevered Beta Simply Wall St/ S&P Global 1.12
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.119 (1 + (1- 20%) (29.99%))
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 * 6.33%)
7.58%

Discounted Cash Flow Calculation for DB:HD8 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for AS Harju Elekter 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:HD8 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 7.58%)
2020 2.50 Analyst x1 2.32
2021 3.27 Est @ 30.76% 2.82
2022 3.97 Est @ 21.42% 3.19
2023 4.56 Est @ 14.88% 3.40
2024 5.03 Est @ 10.3% 3.49
2025 5.39 Est @ 7.09% 3.47
2026 5.65 Est @ 4.85% 3.39
2027 5.83 Est @ 3.28% 3.25
2028 5.96 Est @ 2.18% 3.09
2029 6.04 Est @ 1.41% 2.91
Present value of next 10 years cash flows €31.00
DB:HD8 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €6.04 × (1 + -0.39%) ÷ (7.58% – -0.39%)
€75.48
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €75.48 ÷ (1 + 7.58%)10
€36.34
DB:HD8 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €31.00 + €36.34
€67.34
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €67.34 / 17.74
€3.8
DB:HD8 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:HD8 represents 0.98338x of TLSE:HAE1T
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.98338x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 3.80 x 0.98338
€3.73
Value per share (EUR) From above. €3.73
Current discount Discount to share price of €3.55
= -1 x (€3.55 - €3.73) / €3.73
4.9%

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

Current Discount
Amount off the current price AS Harju Elekter is available for.
Intrinsic value
5%
Share price is €3.55 vs Future cash flow value of €3.73
Current Discount Checks
For AS Harju Elekter to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • AS Harju Elekter's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • AS Harju Elekter'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 AS Harju Elekter's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are AS Harju Elekter's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:HD8 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €0.14
TLSE:HAE1T Share Price ** TLSE (2020-03-31) in EUR €3.61
Germany Electrical Industry PE Ratio Median Figure of 6 Publicly-Listed Electrical Companies 24.37x
Germany Market PE Ratio Median Figure of 398 Publicly-Listed Companies 16.76x

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

** Primary Listing of AS Harju Elekter.

DB:HD8 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TLSE:HAE1T Share Price ÷ EPS (both in EUR)

= 3.61 ÷ 0.14

26.03x

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

  • AS Harju Elekter is overvalued based on earnings compared to the DE Electrical industry average.
  • AS Harju Elekter is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does AS Harju Elekter's expected growth come at a high price?
Raw Data
DB:HD8 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 26.03x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
44.6%per year
Germany Electrical Industry PEG Ratio Median Figure of 5 Publicly-Listed Electrical Companies 1.01x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

DB:HD8 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 26.03x ÷ 44.6%

0.58x

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

  • AS Harju Elekter is good value based on expected growth next year.
Price based on value of assets
What value do investors place on AS Harju Elekter's assets?
Raw Data
DB:HD8 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €3.78
TLSE:HAE1T Share Price * TLSE (2020-03-31) in EUR €3.61
Germany Electrical Industry PB Ratio Median Figure of 14 Publicly-Listed Electrical Companies 1.77x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.44x
DB:HD8 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TLSE:HAE1T Share Price ÷ Book Value per Share (both in EUR)

= 3.61 ÷ 3.78

0.95x

* Primary Listing of AS Harju Elekter.

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

  • AS Harju Elekter is good value based on assets compared to the DE Electrical industry average.
X
Value checks
We assess AS Harju Elekter'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. AS Harju Elekter has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

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

HD8 Future Performance

 How is AS Harju Elekter expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
44.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is AS Harju Elekter expected to grow at an attractive rate?
  • AS Harju Elekter's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • AS Harju Elekter's earnings growth is expected to exceed the Germany market average.
  • AS Harju Elekter's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:HD8 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:HD8 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 44.6%
DB:HD8 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 5.6%
Germany Electrical Industry Earnings Growth Rate Market Cap Weighted Average 68.3%
Germany Electrical Industry Revenue Growth Rate Market Cap Weighted Average 12.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.5%
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:HD8 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:HD8 Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 160 7 1
2020-12-31 150 5 6 1
2020-04-01
DB:HD8 Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 143 6 2
2019-09-30 144 7 3
2019-06-30 131 2 1
2019-03-31 124 2 2
2018-12-31 121 -3 2
2018-09-30 118 -4 2
2018-06-30 120 0 4
2018-03-31 111 0 4
2017-12-31 102 5 29
2017-09-30 90 2 29
2017-06-30 75 0 28
2017-03-31 67 2 28

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • AS Harju Elekter's earnings are expected to grow significantly at over 20% yearly.
  • AS Harju Elekter's revenue is expected to grow by 5.6% 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:HD8 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 1 Analyst Estimates (S&P Global) See Below

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

DB:HD8 Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.40 0.40 0.40 1.00
2020-12-31 0.33 0.33 0.33 1.00
2020-04-01
DB:HD8 Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 0.14
2019-09-30 0.15
2019-06-30 0.08
2019-03-31 0.09
2018-12-31 0.09
2018-09-30 0.12
2018-06-30 0.22
2018-03-31 0.22
2017-12-31 1.64
2017-09-30 1.61
2017-06-30 1.56
2017-03-31 1.59

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

HD8 Past Performance

  How has AS Harju Elekter 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 AS Harju Elekter'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.
  • AS Harju Elekter's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • AS Harju Elekter's 1-year earnings growth exceeds its 5-year average (59.1% vs -8.2%)
  • AS Harju Elekter's earnings growth has not exceeded the DE Electrical industry average in the past year (59.1% vs 74.4%).
Earnings and Revenue History
AS Harju Elekter'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 AS Harju Elekter Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:HD8 Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 143.40 2.46 14.94
2019-09-30 143.82 2.74 14.98
2019-06-30 130.86 1.39 14.10
2019-03-31 124.10 1.60 13.79
2018-12-31 120.80 1.55 13.49
2018-09-30 117.69 2.17 12.52
2018-06-30 119.62 3.95 12.23
2018-03-31 110.87 3.89 10.96
2017-12-31 102.40 29.13 9.85
2017-09-30 90.26 28.52 8.95
2017-06-30 74.82 27.59 7.94
2017-03-31 66.93 28.27 7.48
2016-12-31 61.17 3.22 7.17
2016-09-30 59.79 2.84 7.13
2016-06-30 62.09 3.61 7.16
2016-03-31 61.47 3.50 6.96
2015-12-31 60.66 3.19 6.99
2015-09-30 59.79 3.43 6.97
2015-06-30 57.39 4.91 6.97
2015-03-31 51.89 9.32 6.84
2014-12-31 50.61 9.70 6.76
2014-09-30 48.73 9.79 6.75
2014-06-30 44.59 9.12 6.60
2014-03-31 46.56 4.86 6.78
2013-12-31 48.29 5.16 6.69
2013-09-30 48.57 5.02 6.58
2013-06-30 51.50 3.85 6.69

*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.
  • AS Harju Elekter has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • AS Harju Elekter used its assets less efficiently than the DE Electrical industry average last year based on Return on Assets.
  • AS Harju Elekter's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess AS Harju Elekter'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.
AS Harju Elekter has a total score of 1/6, 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.

HD8 Health

 How is AS Harju Elekter'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 AS Harju Elekter's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • AS Harju Elekter is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • AS Harju Elekter's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of AS Harju Elekter'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 3.2x 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 AS Harju Elekter Company Filings, last reported 3 months ago.

DB:HD8 Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 66.98 15.24 4.88
2019-09-30 66.79 15.96 3.88
2019-06-30 65.29 16.68 1.98
2019-03-31 67.55 12.25 4.17
2018-12-31 66.94 9.42 3.14
2018-09-30 66.71 9.36 7.28
2018-06-30 66.69 7.63 8.25
2018-03-31 69.93 4.68 13.62
2017-12-31 69.93 2.92 20.93
2017-09-30 68.99 2.42 18.39
2017-06-30 67.19 2.43 17.60
2017-03-31 69.39 2.90 26.52
2016-12-31 60.39 1.06 3.28
2016-09-30 61.59 0.00 2.59
2016-06-30 58.82 0.00 4.48
2016-03-31 57.80 0.00 5.51
2015-12-31 58.20 0.00 5.71
2015-09-30 58.17 0.56 2.03
2015-06-30 60.54 1.47 2.26
2015-03-31 63.23 0.00 8.29
2014-12-31 59.84 0.00 10.02
2014-09-30 57.97 0.34 9.17
2014-06-30 60.13 0.80 3.36
2014-03-31 62.15 0.35 4.19
2013-12-31 63.82 0.36 4.10
2013-09-30 63.19 1.09 3.32
2013-06-30 54.36 0.71 3.09
  • AS Harju Elekter's level of debt (22.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 22.8% today).
  • Debt is well covered by operating cash flow (40.4%, greater than 20% of total debt).
  • AS Harju Elekter earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess AS Harju Elekter'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. AS Harju Elekter has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

HD8 Dividends

 What is AS Harju Elekter'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
4.99%
Current annual income from AS Harju Elekter dividends. Estimated to be 3.32% next year.
If you bought €2,000 of AS Harju Elekter shares you are expected to receive €100 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?
  • AS Harju Elekter's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.65%).
  • AS Harju Elekter's dividend is above the markets top 25% of dividend payers in Germany (4.87%).
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:HD8 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 1 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 322 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

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

DB:HD8 Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31 0.12 1.00
2020-04-01
DB:HD8 Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-03-27 0.180 4.954
2020-02-21 0.180 4.679
2019-05-27 0.180 4.151
2018-04-04 0.240 4.880
2018-03-20 0.240 3.840
2017-03-28 0.180 3.843
2016-04-06 0.050 1.836
2015-04-14 0.150 5.545
2014-04-16 0.100 3.667
2013-05-10 0.090 3.340
2012-08-01 0.070 2.767
2012-04-11 0.070 2.852
2011-05-05 0.060 2.342
2010-03-01 0.046 1.910

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of AS Harju Elekter's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.8x coverage).
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 AS Harju Elekter'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 AS Harju Elekter afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. AS Harju Elekter has a total score of 3/6, see the detailed checks below.


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

HD8 Management

 What is the CEO of AS Harju Elekter'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
Andres Allikmäe
AGE 62
TENURE AS CEO 21.3 years
CEO Bio

Mr. Andres Allikmäe has been the Chairman of the Management Board and Chief Executive Officer at AS Harju Elekter since 1999 and also serves as its Director General and Managing Director. Mr. Allikmäe serves as the Chairman of the Management Board at AS Eltek, a subsidiary of Harju Elekter AS. He served as Director at PKC Group Oyj since April 2012 until April 4, 2013. He attended at Tallinn University of Technology.

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

Average tenure and age of the AS Harju Elekter management team in years:

13.8
Average Tenure
62
Average Age
  • The average tenure for the AS Harju Elekter management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Andres Allikmäe

TITLE
Chairman of Management Board
AGE
62
TENURE
21.3 yrs

Tiit Atso

TITLE
Chairman of Management Board & CFO
AGE
41
TENURE
6.3 yrs

Aron Kuhi-Thalfeldt

TITLE
Head of Real Estate & Energy Services and Member of Management Board
TENURE
3.4 yrs

Moonika Vetevool

TITLE
Corporate Communication & Investor Relations Manager

Lembit Libe

TITLE
Chief Economist
AGE
73
TENURE
29.3 yrs
Board of Directors Tenure

Average tenure and age of the AS Harju Elekter board of directors in years:

10.8
Average Tenure
47.5
Average Age
  • The average tenure for the AS Harju Elekter board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Endel Palla

TITLE
Chairman of Supervisory Board
AGE
78
TENURE
21.3 yrs

Triinu Tombak

TITLE
Member of Supervisory Board
AGE
48
TENURE
8.3 yrs

Andres Toome

TITLE
Member of Supervisory Board
AGE
47
TENURE
13.3 yrs

Aare Kirsme

TITLE
Member of Supervisory Board
AGE
44
TENURE
5.9 yrs

Arvi Hamburg

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 AS Harju Elekter'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. AS Harju Elekter 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.

HD8 News

Simply Wall St News

HD8 Company Info

Description

AS Harju Elekter manufactures and sells electrical equipment in Estonia, Finland, Sweden, Lithuania, and internationally. It operates through Production and Real estate segments. The company offers medium and low voltage power distribution equipment, such as substations and power distribution cabinets. It also provides sheet metal enclosures and cabinets for control systems; and customer-specific services comprising series manufacturing and customized assembly, sheet metal processing, and sheet metal protective coating services. In addition, the company telecommunication products, such as rack cabinets, wall cabinets, power distribution units, fiber and copper panels, and accessories; and metal engineering, cutting, bending, painting, assembling, and quality control services. Further, it is involved in the wholesale and mediation of light fittings and electrical appliances; provision of management assistance and services; real estate development, maintenance, and rental activities; provision of services related to managing real estate and production capacities; intermediation of services; and intermediary sale of electrical equipment. Additionally, the company operates stores in Tallinn, Tartu, and Keila, which sell products for electrical installation work to retail customers, and small and medium sized electrical installation companies. AS Harju Elekter was founded in 1968 and is based in Keila, Estonia.

Details
Name: AS Harju Elekter
HD8
Exchange: DB
Founded: 1968
€64,040,966
17,739,880
Website: http://www.harjuelekter.ee
Address: AS Harju Elekter
Paldiski mnt.31,
Keila,
76606,
Estonia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TLSE HAE1T Ordinary Shares OMX Nordic Exchange Tallinn EE EUR 13. Jul 1998
DB HD8 Ordinary Shares Deutsche Boerse AG DE EUR 13. Jul 1998
LSE 0MDU Ordinary Shares London Stock Exchange GB EUR 13. Jul 1998
Number of employees
Current staff
Staff numbers
791
AS Harju Elekter employees.
Industry
Electrical Components and Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/01 08:30
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2020/02/21
Last earnings filing: 2020/03/27
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.