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Nordwest Handel

DB:NWX
Snowflake Description

Solid track record with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NWX
DB
€73M
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Nordwest Handel AG provides procurement, finance, logistics, IT, and sales services for small and medium sized businesses in Germany and Europe. The last earnings update was 90 days ago. More info.


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NWX Share Price and Events
7 Day Returns
3.5%
DB:NWX
7%
DE Trade Distributors
0.8%
DE Market
1 Year Returns
-15.1%
DB:NWX
6.9%
DE Trade Distributors
9%
DE Market
NWX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Nordwest Handel (NWX) 3.5% 4.4% 3.5% -15.1% 73.7% 72.4%
DE Trade Distributors 7% 8.4% 16.8% 6.9% -1.2% 8.4%
DE Market 0.8% 6.3% 14.4% 9% 14.5% 21.8%
1 Year Return vs Industry and Market
  • NWX underperformed the Trade Distributors industry which returned 6.9% over the past year.
  • NWX underperformed the Market in Germany which returned 9% over the past year.
Price Volatility
NWX
Industry
5yr Volatility vs Market

Value

 Is Nordwest Handel 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 Nordwest Handel 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 Nordwest Handel.

DB:NWX Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 6.8%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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:NWX
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Trade Distributors Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.951 (1 + (1- 30%) (31.21%))
1.106
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.11
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.106 * 5.96%)
6.82%

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

The calculations below outline how an intrinsic value for Nordwest Handel 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:NWX DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.82%)
2020 8.35 Est @ -4.09% 7.81
2021 8.11 Est @ -2.79% 7.11
2022 7.96 Est @ -1.89% 6.53
2023 7.86 Est @ -1.25% 6.04
2024 7.80 Est @ -0.81% 5.61
2025 7.76 Est @ -0.5% 5.22
2026 7.74 Est @ -0.28% 4.87
2027 7.73 Est @ -0.13% 4.56
2028 7.73 Est @ -0.02% 4.27
2029 7.73 Est @ 0.05% 4.00
Present value of next 10 years cash flows €56.00
DB:NWX DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €7.73 × (1 + 0.23%) ÷ (6.82% – 0.23%)
€117.51
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €117.51 ÷ (1 + 6.82%)10
€60.75
DB:NWX Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €56.00 + €60.75
€116.75
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €116.75 / 3.21
€36.43
DB:NWX Discount to Share Price
Calculation Result
Value per share (EUR) From above. €36.43
Current discount Discount to share price of €23.60
= -1 x (€23.60 - €36.43) / €36.43
35.2%

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

Current Discount
Amount off the current price Nordwest Handel is available for.
Intrinsic value
35%
Share price is €23.6 vs Future cash flow value of €36.43
Current Discount Checks
For Nordwest Handel to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Nordwest Handel's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Nordwest Handel'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 Nordwest Handel's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Nordwest Handel's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:NWX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €2.29
DB:NWX Share Price ** DB (2019-11-13) in EUR €23.6
Germany Trade Distributors Industry PE Ratio Median Figure of 7 Publicly-Listed Trade Distributors Companies 16.14x
Germany Market PE Ratio Median Figure of 403 Publicly-Listed Companies 19.89x

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

** Primary Listing of Nordwest Handel.

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

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

= 23.6 ÷ 2.29

10.32x

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

  • Nordwest Handel is good value based on earnings compared to the DE Trade Distributors industry average.
  • Nordwest Handel is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Nordwest Handel's expected growth come at a high price?
Raw Data
DB:NWX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.32x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
5.1%per year
Europe Trade Distributors Industry PEG Ratio Median Figure of 32 Publicly-Listed Trade Distributors Companies 1.82x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.38x

*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 Nordwest Handel, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Nordwest Handel's assets?
Raw Data
DB:NWX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €21.49
DB:NWX Share Price * DB (2019-11-13) in EUR €23.6
Germany Trade Distributors Industry PB Ratio Median Figure of 10 Publicly-Listed Trade Distributors Companies 1.19x
Germany Market PB Ratio Median Figure of 577 Publicly-Listed Companies 1.83x
DB:NWX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 23.6 ÷ 21.49

1.1x

* Primary Listing of Nordwest Handel.

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

  • Nordwest Handel is good value based on assets compared to the DE Trade Distributors industry average.
X
Value checks
We assess Nordwest Handel'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 Trade Distributors 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 Trade Distributors industry average (and greater than 0)? (1 check)
  5. Nordwest Handel has a total score of 4/6, 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 Nordwest Handel expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Nordwest Handel, future earnings growth has been estimated based on fundamentals.
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
5.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Nordwest Handel expected to grow at an attractive rate?
  • Nordwest Handel's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Nordwest Handel's earnings growth is positive but not above the Germany market average.
  • Unable to compare Nordwest Handel's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:NWX Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:NWX Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 5.1%
Germany Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 13.6%
Europe Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 3.6%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*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:NWX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:NWX Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2019-11-13
DB:NWX Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 510 13 7
2019-03-31 502 7
2018-12-31 487 3 7
2018-09-30 494 6
2018-06-30 477 -18 6
2018-03-31 453 6
2017-12-31 422 -3 5
2017-09-30 390 6
2017-06-30 377 14 5
2017-03-31 387 5
2016-12-31 392 7 5
2016-09-30 380 4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Nordwest Handel's earnings are expected to grow by 5.1% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Nordwest Handel is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:NWX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Nordwest Handel Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:NWX Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2019-11-13
DB:NWX Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 2.29
2019-03-31 2.24
2018-12-31 2.17
2018-09-30 1.99
2018-06-30 1.85
2018-03-31 1.74
2017-12-31 1.66
2017-09-30 1.72
2017-06-30 1.69
2017-03-31 1.56
2016-12-31 1.47
2016-09-30 1.18

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Nordwest Handel will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Nordwest Handel'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 Europe 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.
Nordwest Handel has a total score of 1/6, 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 Nordwest Handel 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 Nordwest Handel's growth in the last year to its industry (Trade Distributors).
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.
  • Nordwest Handel's year on year earnings growth rate has been positive over the past 5 years.
  • Nordwest Handel's 1-year earnings growth exceeds its 5-year average (23.3% vs 16.1%)
  • Nordwest Handel's earnings growth has exceeded the DE Trade Distributors industry average in the past year (23.3% vs 8.4%).
Earnings and Revenue History
Nordwest Handel'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 Nordwest Handel Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:NWX Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 510.48 7.32 26.78
2019-03-31 501.61 7.15 27.39
2018-12-31 486.62 6.94 26.37
2018-09-30 493.96 6.38 28.09
2018-06-30 476.71 5.93 28.27
2018-03-31 452.53 5.60 26.98
2017-12-31 422.48 5.33 25.48
2017-09-30 389.59 5.53 23.58
2017-06-30 377.44 5.43 22.87
2017-03-31 386.95 5.00 22.54
2016-12-31 392.29 4.72 22.37
2016-09-30 379.54 3.74 21.59
2016-06-30 394.59 3.72 21.31
2016-03-31 387.56 3.20 21.16
2015-12-31 393.48 2.87 21.22
2015-09-30 394.31 3.08 21.73
2015-06-30 400.09 3.35 21.50
2015-03-31 412.91 4.14 20.66
2014-12-31 423.84 4.19 20.20
2014-09-30 428.81 4.00 19.73
2014-06-30 423.63 3.90 19.43
2014-03-31 416.35 3.72 19.46
2013-12-31 411.44 3.90 19.04
2013-09-30 417.82 4.14 18.48
2013-06-30 418.50 4.04 18.24
2013-03-31 430.64 4.22 17.92
2012-12-31 442.84 4.39 17.57

*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.
  • Nordwest Handel has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Nordwest Handel used its assets more efficiently than the DE Trade Distributors industry average last year based on Return on Assets.
  • Nordwest Handel has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Nordwest Handel'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 Trade Distributors 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.
Nordwest Handel has a total score of 5/6, 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 Nordwest Handel'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 Nordwest Handel's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Nordwest Handel is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Nordwest Handel's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Nordwest Handel'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 14.7x 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 Nordwest Handel Company Filings, last reported 4 months ago.

DB:NWX Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 68.89 20.04 17.13
2019-03-31 69.72 12.64 17.19
2018-12-31 68.05 12.76 12.18
2018-09-30 65.70 27.00 10.66
2018-06-30 63.81 27.51 15.28
2018-03-31 64.32 23.73 17.30
2017-12-31 62.82 12.71 11.44
2017-09-30 61.11 18.28 29.17
2017-06-30 59.68 15.41 24.27
2017-03-31 60.14 15.63 32.33
2016-12-31 58.90 17.55 24.12
2016-09-30 57.39 14.63 13.40
2016-06-30 56.06 16.03 20.99
2016-03-31 56.54 15.60 38.74
2015-12-31 55.58 15.84 30.92
2015-09-30 54.15 15.83 27.36
2015-06-30 52.84 14.42 29.92
2015-03-31 54.64 14.43 46.99
2014-12-31 54.01 0.11 21.20
2014-09-30 52.14 1.71 19.23
2014-06-30 50.82 2.47 12.62
2014-03-31 51.57 0.92 25.93
2013-12-31 50.89 3.66 23.72
2013-09-30 49.89 4.04 21.43
2013-06-30 48.41 4.49 24.49
2013-03-31 48.87 4.17 28.03
2012-12-31 47.99 4.02 40.21
  • Nordwest Handel's level of debt (29.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (4.8% vs 29.1% today).
  • Debt is well covered by operating cash flow (67.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 12.4x coverage).
X
Financial health checks
We assess Nordwest Handel'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. Nordwest Handel has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is Nordwest Handel'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
2.97%
Current annual income from Nordwest Handel dividends.
If you bought €2,000 of Nordwest Handel shares you are expected to receive €59 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?
  • Nordwest Handel's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.39%).
  • Nordwest Handel's dividend is below the markets top 25% of dividend payers in Germany (3.64%).
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:NWX Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Germany Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 2.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

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

DB:NWX Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2019-11-13
DB:NWX Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-28 0.700 2.972
2018-03-29 0.550 2.340
2017-03-31 0.430 2.308
2016-03-30 0.300 2.210
2015-03-31 0.550 4.203
2014-03-31 0.500 3.447
2014-03-20 0.500 3.014
2013-04-02 0.650 4.623
2012-04-02 0.650 5.691
2012-03-19 0.650 5.487
2011-03-17 0.500 4.694
2010-03-01 0.000 0.000
2009-01-02 0.550 8.729

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 Nordwest Handel's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.3x 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 Nordwest Handel's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Nordwest Handel afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Nordwest Handel 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.

Management

 What is the CEO of Nordwest Handel'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
Andreas Ridder
AGE 55
TENURE AS CEO 0.3 years
CEO Bio

Mr. Andreas Ridder serves as the Chief Executive Officer and Member of Management Board at Nordwest Handel AG.

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

Average tenure of the Nordwest Handel management team in years:

3.1
Average Tenure
  • The tenure for the Nordwest Handel management team is about average.
Management Team

Jörg Simon

TITLE
Head of Finance & Administration and Member of Management Board
COMPENSATION
€417K
TENURE
4.4 yrs

Andreas Ridder

TITLE
CEO & Chairman of Management Board
AGE
55
TENURE
0.3 yrs

Christian Scherpner

TITLE
Head of Accounts

Mathias Roppel

TITLE
Head of Marketing Department

Thomas Sieglitz

TITLE
Head of Human Resources

Ferdinand Arning

TITLE
Head of Zentraleinkauf
TENURE
3.1 yrs

Ulrich Hülsenbeck

TITLE
Head of IT & Business Processes

Michael Rolf

TITLE
Head of Craft/Industry
TENURE
3.1 yrs

Thorsten Stiefken

TITLE
Head - Development of Members

Stefan Thiel

TITLE
Head of Construction
Board of Directors Tenure

Average tenure of the Nordwest Handel board of directors in years:

4.6
Average Tenure
  • The tenure for the Nordwest Handel board of directors is about average.
Board of Directors

Martin Bertinchamp

TITLE
Chairman of the Supervisory Board
COMPENSATION
€346K
AGE
61
TENURE
4.8 yrs

Eberhard Frick

TITLE
Vice Chairman of the Supervisory Board
COMPENSATION
€45K

Hans Stumpf

TITLE
Member of the Supervisory Board
COMPENSATION
€21K
TENURE
16.5 yrs

Andreas Rüth

TITLE
Member of the Supervisory Board
COMPENSATION
€22K

Rüdiger Bäcker

TITLE
Member of the Supervisory Board
COMPENSATION
€21K
TENURE
4.5 yrs

Stuttgart Unterharnscheidt

TITLE
Member of the Supervisory Board
COMPENSATION
€43K
TENURE
4.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Nordwest Handel'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. Nordwest Handel 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

Do You Like Nordwest Handel AG (FRA:NWX) At This P/E Ratio?

We'll show how you can use Nordwest Handel AG's (FRA:NWX) P/E ratio to inform your assessment of the investment opportunity. … Based on the last twelve months, Nordwest Handel's P/E ratio is 11.1. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Shareholders Should Look Hard At Nordwest Handel AG’s (FRA:NWX) 10% Return On Capital

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Understanding Return On Capital Employed (ROCE). … How Do You Calculate Return On Capital Employed

Simply Wall St -

Did Nordwest Handel AG's (FRA:NWX) Recent Earnings Growth Beat The Trend?

When Nordwest Handel AG (FRA:NWX) released its most recent earnings update (30 June 2018), I wanted to understand how these figures stacked up against its past performance. … The two benchmarks I used were Nordwest Handel's average earnings over the past couple of years, and its industry performance. … How Did NWX's Recent Performance Stack Up Against Its Past.

Simply Wall St -

Did Nordwest Handel AG (FRA:NWX) Use Debt To Deliver Its ROE Of 9.3%?

This article is for those who would like to learn about Return On Equity (ROE). … That means that for every €1 worth of shareholders' equity, it generated €0.093 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Something To Consider Before Buying Nordwest Handel AG (FRA:NWX) For The 2.33% Dividend

A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. … Over the past 10 years, Nordwest Handel AG (FRA:NWX) has returned an average of 4.00% per year to shareholders in terms of dividend yield. … Let's take a look at Nordwest Handel in more detail.

Simply Wall St -

Should You Be Tempted To Buy Nordwest Handel AG (FRA:NWX) At Its Current PE Ratio?

While NWX might seem like an attractive stock to buy, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions. … I will explain what the P/E ratio is as well as what you should look out for when using it … What you need to know about the P/E ratio

Simply Wall St -

Who Are The Major Shareholders Of Nordwest Handel AG (FRA:NWX)?

Today, I will be analyzing Nordwest Handel AG’s (FRA:NWX) recent ownership structure, an important but not-so-popular subject among individual investors. … Ownership structure has been found to have an impact on shareholder returns in both short- and long-term. … Differences in ownership structure of companies can have a profound effect on how management's incentives are aligned with shareholder returns, and whether they adhere to corporate governance best practices.

Simply Wall St -

Nordwest Handel AG (FRA:NWX): Has Recent Earnings Growth Beaten Long-Term Trend?

Today I will assess NWX's recent performance announced on 31 March 2018 and compare these figures to its long-term trend and industry movements. … Did NWX beat its long-term earnings growth trend and its industry. … NWX's trailing twelve-month earnings (from 31 March 2018) of €5.60m has

Simply Wall St -

What You Must Know About Nordwest Handel AG's (FRA:NWX) Financial Strength

Nordwest Handel AG (FRA:NWX) is a small-cap stock with a market capitalization of €70.51m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Assessing first and foremost the financial health is

Simply Wall St -

Why Nordwest Handel AG (FRA:NWX) Delivered An Inferior ROE Compared To The Industry

Check out our latest analysis for Nordwest Handel What you must know about ROE Return on Equity (ROE) is a measure of Nordwest Handel’s profit relative to its shareholders’ equity. … Nordwest Handel’s cost of equity is 8.13%. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity DB:NWX Last Perf May 22nd 18 Essentially, profit margin shows how much money the company makes after paying for all its expenses.

Simply Wall St -

Company Info

Description

Nordwest Handel AG provides procurement, finance, logistics, IT, and sales services for small and medium sized businesses in Germany and Europe. It trades in various steel products; and occupational health and safety, construction equipment and components, fittings and security products, power tools and machinery, hand tools, measuring tools and surface technology, precision tools, welding technology, technical systems, connecting technology syetems, and workshop and industrial goods. It also supplies sanitary goods and heating equipment to plumbers, fitters, and housing societies, as well as to private building owners and renovators. The company was founded in 1919 and is based in Dortmund, Germany.

Details
Name: Nordwest Handel AG
NWX
Exchange: DB
Founded: 1919
€73,074,000
3,205,000
Website: http://www.nordwest.com
Address: Nordwest Handel AG
Robert-Schuman-Str. 17,
Dortmund,
North Rhine-Westphalia, 44263,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
DB NWX Bearer Shares Deutsche Boerse AG DE EUR 19. Aug 1999
Number of employees
Current staff
Staff numbers
297
Nordwest Handel employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/13 21:23
End of day share price update: 2019/11/13 00:00
Last estimates confirmation: 2019/06/03
Last earnings filing: 2019/08/15
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.