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Phoenix Mecano

DB:PXM
Snowflake Description

6 star dividend payer and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PXM
DB
CHF368M
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Phoenix Mecano AG, together with its subsidiaries, manufactures and sells enclosures and industrial components worldwide. The last earnings update was 41 days ago. More info.


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PXM Share Price and Events
7 Day Returns
0%
DB:PXM
2.5%
DE Electrical
-0.6%
DE Market
1 Year Returns
-28.8%
DB:PXM
21.1%
DE Electrical
-5.5%
DE Market
PXM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Phoenix Mecano (PXM) 0% 0% -0.5% -28.8% -12.8% 5.4%
DE Electrical 2.5% 8.9% 15.8% 21.1% -30.8% -6.5%
DE Market -0.6% 4.9% 0.9% -5.5% 7.9% 14.2%
1 Year Return vs Industry and Market
  • PXM underperformed the Electrical industry which returned 21.1% over the past year.
  • PXM underperformed the Market in Germany which returned -5.5% over the past year.
Price Volatility
PXM
Industry
5yr Volatility vs Market

PXM Value

 Is Phoenix Mecano 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 Phoenix Mecano 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 Phoenix Mecano.

DB:PXM Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.4%
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:PXM
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Electrical Unlevered Beta Simply Wall St/ S&P Global 1.17
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.171 (1 + (1- 18%) (41.17%))
1.379
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.38
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.379 * 5.96%)
8.45%

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

The calculations below outline how an intrinsic value for Phoenix Mecano 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:PXM DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 8.45%)
2020 26.90 Analyst x1 24.80
2021 31.70 Analyst x1 26.95
2022 33.20 Analyst x1 26.03
2023 31.40 Analyst x1 22.70
2024 30.29 Est @ -3.52% 20.20
2025 29.57 Est @ -2.4% 18.18
2026 29.09 Est @ -1.61% 16.49
2027 28.78 Est @ -1.06% 15.05
2028 28.59 Est @ -0.67% 13.78
2029 28.48 Est @ -0.4% 12.66
Present value of next 10 years cash flows €196.00
DB:PXM DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €28.48 × (1 + 0.23%) ÷ (8.45% – 0.23%)
€347.25
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €347.25 ÷ (1 + 8.45%)10
€154.34
DB:PXM Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €196.00 + €154.34
€350.34
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €350.34 / 0.96
€365.12
DB:PXM Discount to Share Price
Calculation Result
Exchange Rate EUR/CHF
(Reporting currency to currency of SWX:PM)
1.084
Value per Share
(CHF)
= Value per Share in EUR x Exchange Rate (EUR/CHF)
= €365.12 x 1.084
CHF395.96
Non-primary Listing Adjustment Factor 1 share in DB:PXM represents 1.02607x of SWX:PM
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.02607x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CHF) x Listing Adjustment Factor
= CHF 395.96 x 1.02607
€406.28
Value per share (EUR) From above. €406.28
Current discount Discount to share price of €393.50
= -1 x (€393.50 - €406.28) / €406.28
3.1%

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

Current Discount
Amount off the current price Phoenix Mecano is available for.
Intrinsic value
3%
Share price is €393.5 vs Future cash flow value of €406.28
Current Discount Checks
For Phoenix Mecano to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Phoenix Mecano's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Phoenix Mecano'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 Phoenix Mecano's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Phoenix Mecano's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:PXM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €24.72
SWX:PM Share Price ** SWX (2019-06-28) in CHF CHF383.5
SWX:PM Share Price converted to EUR reporting currency Exchange rate (CHF/ EUR) 0.922 €353.63
Germany Electrical Industry PE Ratio Median Figure of 11 Publicly-Listed Electrical Companies 58.93x
Germany Market PE Ratio Median Figure of 423 Publicly-Listed Companies 20.29x

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

** Primary Listing of Phoenix Mecano.

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

= SWX:PM Share Price ÷ EPS (both in EUR)

= 353.63 ÷ 24.72

14.3x

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

  • Phoenix Mecano is good value based on earnings compared to the DE Electrical industry average.
  • Phoenix Mecano is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Phoenix Mecano's expected growth come at a high price?
Raw Data
DB:PXM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.3x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
27.7%per year
Germany Electrical Industry PEG Ratio Median Figure of 8 Publicly-Listed Electrical Companies 1.95x
Germany Market PEG Ratio Median Figure of 266 Publicly-Listed Companies 1.42x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.3x ÷ 27.7%

0.52x

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

  • Phoenix Mecano is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Phoenix Mecano's assets?
Raw Data
DB:PXM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €231.47
SWX:PM Share Price * SWX (2019-06-28) in CHF CHF383.5
SWX:PM Share Price converted to EUR reporting currency Exchange rate (CHF/ EUR) 0.922 €353.63
Germany Electrical Industry PB Ratio Median Figure of 16 Publicly-Listed Electrical Companies 2.14x
Germany Market PB Ratio Median Figure of 596 Publicly-Listed Companies 1.72x
DB:PXM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SWX:PM Share Price ÷ Book Value per Share (both in EUR)

= 353.63 ÷ 231.47

1.53x

* Primary Listing of Phoenix Mecano.

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

  • Phoenix Mecano is good value based on assets compared to the DE Electrical industry average.
X
Value checks
We assess Phoenix Mecano'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. Phoenix Mecano 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.

PXM Future Performance

 How is Phoenix Mecano expected to perform in the next 1 to 3 years based on estimates from 3 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
27.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Phoenix Mecano expected to grow at an attractive rate?
  • Phoenix Mecano's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Phoenix Mecano's earnings growth is expected to exceed the Germany market average.
  • Phoenix Mecano's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:PXM Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:PXM Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 27.7%
DB:PXM Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 3.8%
Germany Electrical Industry Earnings Growth Rate Market Cap Weighted Average 75%
Germany Electrical Industry Revenue Growth Rate Market Cap Weighted Average 14.6%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*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:PXM Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:PXM Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 748 1
2022-12-31 723 1
2021-12-31 667 52 32 3
2020-12-31 647 48 28 3
2019-12-31 634 43 14 3
2019-09-25
DB:PXM Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 635 33 24
2019-03-31 641 36 28
2018-12-31 648 38 32
2018-09-30 645 39 31
2018-06-30 642 40 28
2018-03-31 633 38 25
2017-12-31 624 37 22
2017-09-30 617 43 23
2017-06-30 609 49 23
2017-03-31 594 49 23
2016-12-31 579 49 23
2016-09-30 573 45 17

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Phoenix Mecano's earnings are expected to grow significantly at over 20% yearly.
  • Phoenix Mecano's revenue is expected to grow by 3.8% 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:PXM Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Phoenix Mecano Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PXM Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 32.05 36.05 28.83 3.00
2020-12-31 28.26 33.36 25.47 2.00
2019-12-31 14.50 15.64 12.60 3.00
2019-09-25
DB:PXM Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 24.72
2019-03-31 29.26
2018-12-31 33.79
2018-09-30 32.39
2018-06-30 29.52
2018-03-31 26.14
2017-12-31 22.75
2017-09-30 23.50
2017-06-30 24.24
2017-03-31 24.04
2016-12-31 23.83
2016-09-30 17.22

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

PXM Past Performance

  How has Phoenix Mecano 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 Phoenix Mecano'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.
  • Phoenix Mecano's year on year earnings growth rate has been positive over the past 5 years.
  • Phoenix Mecano's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Phoenix Mecano's 1-year earnings growth is negative, it can't be compared to the DE Electrical industry average.
Earnings and Revenue History
Phoenix Mecano'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 Phoenix Mecano Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PXM Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 634.71 23.72 209.07
2019-03-31 641.11 28.07 207.02
2018-12-31 647.51 32.42 204.97
2018-09-30 644.69 31.07 205.31
2018-06-30 641.87 28.33 205.54
2018-03-31 633.07 25.08 204.59
2017-12-31 624.27 21.83 203.64
2017-09-30 616.56 22.54 200.68
2017-06-30 608.84 23.25 197.73
2017-03-31 593.99 23.05 194.53
2016-12-31 579.14 22.85 191.33
2016-09-30 573.02 16.52 190.43
2016-06-30 566.89 10.19 189.53
2016-03-31 561.54 8.44 187.83
2015-12-31 556.19 6.69 186.13
2015-09-30 541.77 12.73 181.10
2015-06-30 527.35 18.78 176.07
2015-03-31 514.65 19.48 172.67
2014-12-31 501.95 20.18 169.27
2014-09-30 499.13 20.17 166.33
2014-06-30 496.31 20.16 163.40
2014-03-31 496.51 21.21 161.40
2013-12-31 496.71 22.26 159.40
2013-09-30 491.72 18.87 157.81
2013-06-30 486.73 15.48 156.23
2013-03-31 491.93 16.78 154.93
2012-12-31 497.13 18.08 153.63
2012-09-30 507.03 17.42 153.25

*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.
  • Phoenix Mecano has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Phoenix Mecano used its assets less efficiently than the DE Electrical industry average last year based on Return on Assets.
  • Phoenix Mecano has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Phoenix Mecano'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.
Phoenix Mecano has a total score of 2/6, 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.

PXM Health

 How is Phoenix Mecano'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 Phoenix Mecano's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Phoenix Mecano is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Phoenix Mecano's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Phoenix Mecano's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.3x 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 Phoenix Mecano Company Filings, last reported 2 months ago.

DB:PXM Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 223.10 139.70 36.50
2019-03-31 223.10 139.70 36.50
2018-12-31 285.01 87.84 54.56
2018-09-30 285.01 87.84 54.56
2018-06-30 275.20 93.70 49.70
2018-03-31 275.20 93.70 49.70
2017-12-31 269.70 93.27 56.73
2017-09-30 269.70 93.27 56.73
2017-06-30 271.50 100.40 55.40
2017-03-31 271.50 100.40 55.40
2016-12-31 272.76 77.71 49.74
2016-09-30 272.76 77.71 49.74
2016-06-30 258.20 88.80 51.00
2016-03-31 258.20 88.80 51.00
2015-12-31 262.63 70.67 46.65
2015-09-30 262.63 70.67 46.65
2015-06-30 268.50 76.20 42.10
2015-03-31 268.50 76.20 42.10
2014-12-31 267.47 61.41 49.27
2014-09-30 267.47 61.41 49.27
2014-06-30 255.40 65.50 45.40
2014-03-31 255.40 65.50 45.40
2013-12-31 254.24 66.28 68.80
2013-09-30 254.24 66.28 68.80
2013-06-30 253.00 74.20 61.80
2013-03-31 253.00 74.20 61.80
2012-12-31 250.69 71.64 70.91
2012-09-30 253.46 71.64 70.91
  • Phoenix Mecano's level of debt (62.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (25.6% vs 62.6% today).
  • Debt is well covered by operating cash flow (23.7%, greater than 20% of total debt).
  • Phoenix Mecano earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Phoenix Mecano'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. Phoenix Mecano has a total score of 4/6, 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.

PXM Dividends

 What is Phoenix Mecano'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
4.2%
Current annual income from Phoenix Mecano dividends. Estimated to be 4.76% next year.
If you bought €2,000 of Phoenix Mecano shares you are expected to receive €84 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?
  • Phoenix Mecano's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.4%).
  • Phoenix Mecano's dividend is above the markets top 25% of dividend payers in Germany (3.93%).
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:PXM 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 3 Analyst Estimates (S&P Global) See Below
Germany Electrical Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 2.6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 335 Stocks 3.1%
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 3.9%

Industry and Market average data is calculated daily.

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

DB:PXM Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 17.98 3.00
2020-12-31 17.06 2.00
2019-12-31 15.56 3.00
2019-09-25
DB:PXM Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-04-24 14.868 3.974
2018-04-24 13.351 2.838
2018-01-15 13.339 2.473
2017-03-22 12.695 2.672
2016-04-26 13.494 3.068
2015-04-22 13.458 3.284
2014-04-23 12.265 3.128
2014-01-15 12.142 2.713
2013-04-25 10.308 2.565
2012-03-30 10.420 2.746
2011-03-25 9.882 2.399
2010-03-01 6.832 1.698
2009-01-05 6.504 2.973

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Phoenix Mecano's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.5x coverage).
X
Income/ dividend checks
We assess Phoenix Mecano'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 Phoenix Mecano afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Phoenix Mecano has a total score of 6/6, see the detailed checks below.


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

PXM Management

 What is the CEO of Phoenix Mecano'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
Rochus Kobler
COMPENSATION €988,000
AGE 50
TENURE AS CEO 3.3 years
CEO Bio

Dr. Rochus Kobler, Dr oec, HSG, Dipl Ing, ETH, MSc, Unterageri, has been Chief Executive Officer of Phoenix Mecano AG since May 20, 2016. Dr. Kobler served as Chief Operating Officer of Phoenix Mecano AG since September 1, 2010 until May 2016. From 1997 to 2002, Dr. Kobler served as Strategy Consultant at McKinsey, working in its Zurich, Chicago and Johannesburg offices. From 2002 to 2010, he served as the Chief Executive Officer and delegate of the Board of Directors of the Gutta Group. He received Master of Science in Advanced Manufacturing Systems and M.c from Brunel University, London in 1994. He also received a degree in Industrial and Business Engineering from the ETH, Zurich in 1995 and PhD in Economics in 1997.

CEO Compensation
  • Rochus's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Rochus's remuneration is about average for companies of similar size in Germany.
Management Team

Benedikt Goldkamp

TITLE
Executive Chairman of the Board
COMPENSATION
€1M
AGE
50

Rochus Kobler

TITLE
Chief Executive Officer
COMPENSATION
€988K
AGE
50
TENURE
3.3 yrs

René Schäffeler

TITLE
Chief Financial Officer
AGE
53
TENURE
19.7 yrs
Board of Directors Tenure

Average tenure and age of the Phoenix Mecano board of directors in years:

16.7
Average Tenure
54
Average Age
  • The average tenure for the Phoenix Mecano board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Benedikt Goldkamp

TITLE
Executive Chairman of the Board
COMPENSATION
€1M
AGE
50
TENURE
3.3 yrs

Beat Siegrist

TITLE
Non-Executive Director
COMPENSATION
€69K
AGE
59
TENURE
16.7 yrs

Florian Ernst

TITLE
Non-Executive Director
COMPENSATION
€69K
AGE
53
TENURE
16.7 yrs

Ulrich Hocker

TITLE
Independent Lead Director
COMPENSATION
€272K
AGE
69

Martin Furrer

TITLE
Non-Executive Director
COMPENSATION
€69K
AGE
54
TENURE
16.7 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 Phoenix Mecano'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. Phoenix Mecano 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.

PXM News

Simply Wall St News

PXM Company Info

Description

Phoenix Mecano AG, together with its subsidiaries, manufactures and sells enclosures and industrial components worldwide. The company operates in three divisions: Enclosures, Mechanical Components, and ELCOM/EMS. The Enclosures division develops and manufactures industrial enclosures made of aluminum, stainless steel, plastic, and glass-fiber reinforced polyester; and system solutions for use in mechanical and plant engineering, electrical engineering, automation, measurement and control technology, railway, automotive, and medical technology, as well as for explosive environments in the petrochemical, and onshore and offshore industries. This division also offers machine control boards and suspension systems for protecting electronics in various industrial applications, and membrane keyboards and touch systems. The Mechanical Components division provides profile assembly systems, linear units and drives, and pipe connection technology for various applications in the construction of machinery and equipment, protective enclosures, and ergonomic workstations. This division also offers electric cylinders and lifting columns; and electrically adjustable furniture for the home and hospital care sector. The ELCOM/EMS division provides terminal blocks, connector systems, test probes, series terminals, and coding switches for industrial electronics; power supply systems, backplanes, and electronic assemblies for application in various fields, including medical technology, measurement technology, astrophysics, and research facilities; transformers, instrument transformers, and inductors for use in renewable energies, drive technology, switchgear, and power distribution networks; LED lights; and circuit board equipment, as well as develops customized electronic applications. The company was formerly known as Phoenix Maschinentechnik AG and changed its name to Phoenix Mecano AG in 1986. Phoenix Mecano AG was founded in 1975 and is headquartered in Stein am Rhein, Switzerland.

Details
Name: Phoenix Mecano AG
PXM
Exchange: DB
Founded: 1975
CHF339,310,796
959,500
Website: http://www.phoenix-mecano.com
Address: Phoenix Mecano AG
Hofwisenstrasse 6,
Stein am Rhein,
Schaffhausen, 8260,
Switzerland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SWX PM Bearer Shares SIX Swiss Exchange CH CHF 02. Jan 1992
DB PXM Bearer Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0QKP Bearer Shares London Stock Exchange GB CHF 02. Jan 1992
Number of employees
Current staff
Staff numbers
7,271
Phoenix Mecano employees.
Industry
Electrical Components and Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/25 20:46
End of day share price update: 2019/06/28 00:00
Last estimates confirmation: 2019/09/06
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.