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SGL Carbon

DB:SGL
Snowflake Description

Moderate growth potential with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SGL
DB
€304M
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

SGL Carbon SE manufactures and sells carbon and graphite products in Germany, rest of Europe, the United States, Asia, Latin America, Africa, and Australia. The last earnings update was 20 days ago. More info.


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  • SGL Carbon has significant price volatility in the past 3 months.
SGL Share Price and Events
7 Day Returns
-2.8%
DB:SGL
9.2%
DE Electrical
9.9%
DE Market
1 Year Returns
-69.6%
DB:SGL
-8.2%
DE Electrical
-17.5%
DE Market
SGL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
SGL Carbon (SGL) -2.8% -33.9% -51% -69.6% -74.4% -84.2%
DE Electrical 9.2% -20.6% -35.2% -8.2% -43.7% -44.1%
DE Market 9.9% -16.6% -24.8% -17.5% -24.5% -28.1%
1 Year Return vs Industry and Market
  • SGL underperformed the Electrical industry which returned -8.2% over the past year.
  • SGL underperformed the Market in Germany which returned -17.5% over the past year.
Price Volatility
SGL
Industry
5yr Volatility vs Market

Value

 Is SGL Carbon 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 SGL Carbon 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 SGL Carbon.

DB:SGL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in EUR € 0.0033333333333333
Payout Ratio Company Filings (2019-12-31) 0%
Discount Rate (Cost of Equity) See below 9.8%
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:SGL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Electrical Unlevered Beta Simply Wall St/ S&P Global 1.12
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.118 (1 + (1- 30%) (150.3%))
1.868
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.87
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.868 * 5.44%)
9.77%

Discounted Cash Flow Calculation for DB:SGL using Dividend Discount Model Model

The calculations below outline how an intrinsic value for SGL Carbon is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

DB:SGL Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= €0 / (9.77% - -0.39%)
€0.03
DB:SGL Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:SGL represents 0.98873x of XTRA:SGL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.98873x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 0.03 x 0.98873
€0.03
Value per share (EUR) From above. €0.03
Current discount Discount to share price of €2.46
= -1 x (€2.46 - €0.03) / €0.03
-7471.4%

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

  • The current share price of SGL Carbon is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for SGL Carbon's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are SGL Carbon's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:SGL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €-0.74
XTRA:SGL Share Price ** XTRA (2020-03-31) in EUR €2.48
Germany Electrical Industry PE Ratio Median Figure of 6 Publicly-Listed Electrical Companies 22.57x
Germany Market PE Ratio Median Figure of 399 Publicly-Listed Companies 16.31x

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

** Primary Listing of SGL Carbon.

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

= XTRA:SGL Share Price ÷ EPS (both in EUR)

= 2.48 ÷ -0.74

-3.38x

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

  • SGL Carbon is loss making, we can't compare its value to the DE Electrical industry average.
  • SGL Carbon is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does SGL Carbon's expected growth come at a high price?
Raw Data
DB:SGL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -3.38x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
107.7%per year
Germany Electrical Industry PEG Ratio Median Figure of 5 Publicly-Listed Electrical Companies 1x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for SGL Carbon, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on SGL Carbon's assets?
Raw Data
DB:SGL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €3.42
XTRA:SGL Share Price * XTRA (2020-03-31) in EUR €2.48
Germany Electrical Industry PB Ratio Median Figure of 14 Publicly-Listed Electrical Companies 1.69x
Germany Market PB Ratio Median Figure of 571 Publicly-Listed Companies 1.43x
DB:SGL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= XTRA:SGL Share Price ÷ Book Value per Share (both in EUR)

= 2.48 ÷ 3.42

0.73x

* Primary Listing of SGL Carbon.

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

  • SGL Carbon is good value based on assets compared to the DE Electrical industry average.
X
Value checks
We assess SGL Carbon'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. SGL Carbon has a total score of 1/6, see the detailed checks below.

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

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

Future Performance

 How is SGL Carbon expected to perform in the next 1 to 3 years based on estimates from 9 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
107.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is SGL Carbon expected to grow at an attractive rate?
  • SGL Carbon's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • SGL Carbon's earnings growth is expected to exceed the Germany market average.
  • SGL Carbon's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:SGL Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:SGL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 107.7%
DB:SGL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts -1.1%
Germany Electrical Industry Earnings Growth Rate Market Cap Weighted Average 69.2%
Germany Electrical Industry Revenue Growth Rate Market Cap Weighted Average 12.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
DB:SGL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:SGL Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 1,052 75 25 3
2021-12-31 1,040 63 6 8
2020-12-31 995 19 -30 9
2020-04-01
DB:SGL Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 1,087 62 -90
2019-09-30 1,094 45 -76
2019-06-30 1,080 42 9
2019-03-31 1,073 38 23
2018-12-31 1,048 19 50
2018-09-30 1,004 -44 56
2018-06-30 954 -37 53
2018-03-31 907 -45 27
2017-12-31 860 -48 -16
2017-09-30 850 24 -27
2017-06-30 826 22 -30
2017-03-31 799 8 -26

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • SGL Carbon's earnings are expected to grow significantly at over 20% yearly.
  • SGL Carbon's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:SGL 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 9 Analyst Estimates (S&P Global) See Below

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

DB:SGL Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 0.21 0.29 0.14 3.00
2021-12-31 0.04 0.08 0.01 5.00
2020-12-31 -0.23 -0.06 -0.58 6.00
2020-04-01
DB:SGL Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 -0.74
2019-09-30 -0.62
2019-06-30 0.08
2019-03-31 0.19
2018-12-31 0.41
2018-09-30 0.46
2018-06-30 0.43
2018-03-31 0.22
2017-12-31 -0.13
2017-09-30 -0.23
2017-06-30 -0.27
2017-03-31 -0.26

*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.
  • SGL Carbon is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess SGL Carbon'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.
SGL Carbon has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

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

Past Performance

  How has SGL Carbon 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 SGL Carbon'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.
  • SGL Carbon does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare SGL Carbon's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare SGL Carbon's 1-year growth to the DE Electrical industry average as it is not currently profitable.
Earnings and Revenue History
SGL Carbon'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 SGL Carbon Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:SGL 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 1,086.70 -89.90 158.70 36.80
2019-09-30 1,093.60 -75.80 159.30 35.90
2019-06-30 1,079.70 9.20 162.90 34.20
2019-03-31 1,072.90 22.80 162.40 35.20
2018-12-31 1,047.50 50.30 160.50 33.00
2018-09-30 1,004.30 55.70 152.10 31.30
2018-06-30 954.10 52.60 148.30 32.00
2018-03-31 907.20 27.00 147.30 30.90
2017-12-31 860.10 -16.20 144.60 30.70
2017-09-30 849.80 -26.80 144.50 30.40
2017-06-30 825.70 -29.70 138.10 29.20
2017-03-31 798.60 -26.20 136.10 29.40
2016-12-31 769.80 -36.00 134.30 30.30
2016-09-30 752.80 -60.50 123.40 31.00
2016-06-30 772.10 -65.70 124.70 30.70
2016-03-31 790.00 -71.00 126.40 30.60
2015-12-31 789.50 -69.20 127.60 29.70
2015-09-30 946.90 -99.30 156.60 32.00
2015-06-30 1,077.20 -105.80 178.90 32.80
2015-03-31 1,203.70 -123.10 198.20 35.00
2014-12-31 1,335.60 -127.80 216.80 38.00
2014-09-30 1,313.90 -166.70 220.50 40.60
2014-06-30 1,330.00 -189.30 224.60 43.30
2014-03-31 1,362.90 -272.80 227.20 43.60
2013-12-31 1,422.60 -256.70 241.10 44.40
2013-09-30 1,486.30 -130.90 230.00 78.40
2013-06-30 1,584.00 -119.60 252.30 67.90

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if SGL Carbon has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if SGL Carbon has efficiently used its assets last year compared to the DE Electrical industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if SGL Carbon improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess SGL Carbon'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.
SGL Carbon has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

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

Health

 How is SGL Carbon'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 SGL Carbon's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • SGL Carbon is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • SGL Carbon's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of SGL Carbon'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 1.7x 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 SGL Carbon Company Filings, last reported 3 months ago.

DB:SGL Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 428.90 407.60 137.10
2019-09-30 419.50 405.10 146.70
2019-06-30 516.20 565.70 144.00
2019-03-31 544.70 399.90 161.40
2018-12-31 542.30 398.70 180.60
2018-09-30 555.10 440.20 247.40
2018-06-30 538.90 356.60 158.00
2018-03-31 509.40 355.20 165.50
2017-12-31 468.30 503.40 379.30
2017-09-30 336.30 751.10 277.40
2017-06-30 342.40 747.50 286.40
2017-03-31 354.90 753.70 290.00
2016-12-31 347.90 751.90 329.50
2016-09-30 118.10 750.90 156.90
2016-06-30 188.20 746.70 141.90
2016-03-31 258.40 740.50 188.40
2015-12-31 305.80 744.80 250.80
2015-09-30 476.70 771.90 296.20
2015-06-30 518.20 733.90 238.50
2015-03-31 575.40 729.70 266.20
2014-12-31 584.70 704.80 347.50
2014-09-30 536.80 732.40 139.70
2014-06-30 554.30 719.30 161.90
2014-03-31 646.30 705.60 196.70
2013-12-31 623.90 691.50 243.90
2013-09-30 767.60 634.60 177.70
2013-06-30 809.80 636.90 147.90
  • SGL Carbon's level of debt (95%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (120.6% vs 95% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Information is not available.
  • Unable to confirm if SGL Carbon has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess SGL Carbon'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. SGL Carbon has a total score of 2/6, 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 SGL Carbon's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from SGL Carbon dividends. Estimated to be 0.13% next year.
If you bought €2,000 of SGL Carbon shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate SGL Carbon's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate SGL Carbon's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:SGL 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 9 Analyst Estimates (S&P Global) See Below
Germany Electrical Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

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

DB:SGL Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.02 2.00
2021-12-31 0.00 3.00
2020-12-31 0.00 4.00
2020-04-01
DB:SGL Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2014-11-06 0.000 0.000
2014-08-07 0.000 0.000
2014-04-29 0.000 0.000
2014-02-20 0.000 0.000
2013-03-14 0.200 0.738
2012-08-09 0.200 0.638
2012-03-22 0.200 0.617
2012-03-21 0.200 0.573
2012-02-29 0.200 0.567

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

  • Unable to perform a dividend volatility check as SGL Carbon has not reported any payouts.
  • Unable to verify if SGL Carbon's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of SGL Carbon's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as SGL Carbon has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of SGL Carbon's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess SGL Carbon'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 SGL Carbon afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. SGL Carbon has a total score of 0/6, see the detailed checks below.


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

Management

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

Michael Majerus

TITLE
CFO & Member of Management Board
COMPENSATION
€2M
AGE
58
TENURE
5.7 yrs

Stephan Bühler

TITLE
Member of Management Board
COMPENSATION
€653K

Raj Junginger

TITLE
Head of Investor Relations

Andreas Wãllner

TITLE
Head of Composites - Fibers & Materials and Managing Director of SGL Automotive Carbon Fibers
TENURE
4.1 yrs
Board of Directors Tenure

Average tenure and age of the SGL Carbon board of directors in years:

6.9
Average Tenure
56
Average Age
  • The tenure for the SGL Carbon board of directors is about average.
Board of Directors

Susanne Klatten

TITLE
Chairwoman of Supervisory Board
COMPENSATION
€139K
AGE
57
TENURE
6.9 yrs

Helmut Jodl

TITLE
Deputy Chairman of the Supervisory Board
COMPENSATION
€81K
AGE
58
TENURE
6.9 yrs

Georg Johannes Denoke

TITLE
Deputy Chairman of the Supervisory Board
COMPENSATION
€95K
AGE
54
TENURE
1.8 yrs

Edwin Eichler

TITLE
Member of Supervisory Board
COMPENSATION
€52K
AGE
61
TENURE
10.2 yrs

Markus Stettberger

TITLE
Member of Supervisory Board
COMPENSATION
€61K
AGE
47
TENURE
6.9 yrs

Ana Cristina Cruz

TITLE
Member of Supervisory Board
COMPENSATION
€52K
AGE
55
TENURE
6.9 yrs

Dieter Züllighofen

TITLE
Member of Supervisory Board
COMPENSATION
€61K
AGE
52
TENURE
3.9 yrs

Ingeborg Neumann

TITLE
Member of the Supervisory Board
COMPENSATION
€69K
AGE
62
TENURE
1.8 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 SGL Carbon'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. SGL Carbon 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

Is It Too Late To Consider Buying SGL Carbon SE (FRA:SGL)?

The stock’s ratio of 32.26x is currently trading slightly below its industry peers’ ratio of 34.67x, which means if you buy SGL Carbon today, you’d be paying a reasonable price for it. … Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. … It seems like the market has already priced in SGL’s positive outlook, with shares trading around its fair value.

Simply Wall St -

Should We Be Cautious About SGL Carbon SE's (FRA:SGL) ROE Of 4.3%?

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for SGL Carbon: 4.3% = €23m ÷ €545m (Based on the trailing twelve months to March 2019.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … In the latter case, the use of debt will improve the returns, but will not change the equity. … SGL Carbon's Debt And Its 4.3% ROE Although SGL Carbon does use debt, its debt to equity ratio of 0.73 is still low.

Simply Wall St -

Is SGL Carbon (FRA:SGL) Using Too Much Debt?

Either way, since SGL Carbon does have more debt than cash, it's worth keeping an eye on its balance sheet. … While SGL Carbon has a quite reasonable net debt to EBITDA multiple of 2.47, its interest cover seems weak, at 1.02. … Our View To be frank both SGL Carbon's conversion of EBIT to free cash flow and its track record of (not) growing its EBIT make us rather uncomfortable with its debt levels.

Simply Wall St -

Should You Worry About SGL Carbon SE’s (FRA:SGL) ROCE?

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for SGL Carbon: 0.015 = €21m ÷ (€1.6b - €244m) (Based on the trailing twelve months to March 2019.) Therefore, SGL Carbon has an ROCE of 1.5%. … Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE. … Our Take On SGL Carbon's ROCE While that is good to see, SGL Carbon has a low ROCE and does not look attractive in this analysis.

Simply Wall St -

Before You Buy SGL Carbon SE (FRA:SGL), Consider Its Volatility

If you're interested in SGL Carbon SE (FRA:SGL), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market. … In comparison a stock with a beta of over one tends to be move in a similar direction to the market in the long term, but with greater changes in price.

Simply Wall St -

Is SGL Carbon SE's (FRA:SGL) CEO Overpaid Relative To Its Peers?

First, this article will compare CEO compensation with compensation at similar sized companies. … See our latest analysis for SGL Carbon How Does Jurgen Kohler's Compensation Compare With Similar Sized Companies? … Thus we can conclude that Jurgen Kohler receives more in total compensation than the median of a group of companies in the same market, and of similar size to SGL Carbon SE.

Simply Wall St -

Want To Invest In SGL Carbon SE (FRA:SGL)? Here's How It Performed Lately

Understanding how SGL Carbon SE (FRA:SGL) is performing as a company requires looking at more than just a years' earnings. … Today I will run you through a basic sense check to gain perspective on how SGL Carbon is doing by comparing its latest earnings with its long-term trend as well as the performance of its electrical industry peers. … Check out our latest analysis for SGL Carbon Was SGL's weak performance lately a part of a long-term decline?

Simply Wall St -

Will SGL Carbon SE's (FRA:SGL) Earnings Grow In The Year Ahead?

Help shape the future of investing tools and you could win a $250 gift card! … Based on SGL Carbon SE's (FRA:SGL) earnings update in December 2018, … the higher past 5-year average growth rate of 63%.

Simply Wall St -

Is It Too Late To Consider Buying SGL Carbon SE (FRA:SGL)?

As a stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … However, what if the stock is still a bargain. … Let’s examine SGL Carbon’s valuation and outlook in more detail to determine if there’s still a bargain opportunity

Simply Wall St -

What Does SGL Carbon SE's (FRA:SGL) Balance Sheet Tell Us About It?

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. … Let's work through some financial health checks you may wish to consider if you're interested in this stock.

Simply Wall St -

Company Info

Description

SGL Carbon SE manufactures and sells carbon and graphite products in Germany, rest of Europe, the United States, Asia, Latin America, Africa, and Australia. The company operates in two business units, Composites-Fibers & Materials; and Graphite Materials & Systems. It offers lightweight components based on composites for modern day vehicles; composites, such as structural parts, body components, and power train and chassis components, as well as carbon-ceramic brake disks; and specialty graphite solutions to reduce CO2 emissions for vehicles with alternative drives and standard combustion engines, as well as gas diffusion layers under the SIGRACET brand for use in PEM fuel cells for locally emission free mobility. The company also provides composite components, including prepregs and semi-finished textile fiber products for secondary structural components for aerospace, which include floor panels, partition walls, and water/wastewater systems. In addition, it offers fuel cells for energy conversion; and fuel cells for passenger cars, and trains or ferries for zero emission mobile applications; and carbon fibers and semi-finished products based on glass and carbon fibers specially developed for the production of rotor blades, as well as isostatic graphite for the production of compound semiconductor layers. Further, the company provides silicon carbide coatings for semiconductor production; and heat exchangers, columns, quenchers, and columns and pipings, as well as sealing materials for process technology. SGL Carbon SE was founded in 1878 and is headquartered in Wiesbaden, Germany.

Details
Name: SGL Carbon SE
SGL
Exchange: DB
Founded: 1878
€303,721,106
122,270,977
Website: http://www.sglcarbon.com
Address: SGL Carbon SE
SOehnleinstrasse 8,
Wiesbaden,
Hessen, 65201,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA SGL Ordinary Bearer Shares XETRA Trading Platform DE EUR 19. Apr 1995
OTCPK SGLF.F Ordinary Bearer Shares Pink Sheets LLC US USD 19. Apr 1995
DB SGL Ordinary Bearer Shares Deutsche Boerse AG DE EUR 19. Apr 1995
LSE 0MPL Ordinary Bearer Shares London Stock Exchange GB EUR 19. Apr 1995
SWX SGL Ordinary Bearer Shares SIX Swiss Exchange CH CHF 19. Apr 1995
WBAG SGL Ordinary Bearer Shares Wiener Boerse AG AT EUR 19. Apr 1995
ETLX SGL Ordinary Bearer Shares Eurotlx IT EUR 19. Apr 1995
BATS-CHIXE SGLD Ordinary Bearer Shares BATS 'Chi-X Europe' GB EUR 19. Apr 1995
Number of employees
Current staff
Staff numbers
4,651
SGL Carbon employees.
Industry
Electrical Components and Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/01 00:53
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2020/03/27
Last earnings filing: 2020/03/12
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.