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Capstone Turbine

DB:TBN2
Snowflake Description

Reasonable growth potential and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TBN2
DB
$11M
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Capstone Turbine Corporation develops, manufactures, markets, and services microturbine technology solutions for use in stationary distributed power generation applications worldwide. The last earnings update was 60 days ago. More info.


Add to Portfolio Compare Print
  • Capstone Turbine has significant price volatility in the past 3 months.
TBN2 Share Price and Events
7 Day Returns
8.4%
DB:TBN2
-1%
DE Electrical
-0.6%
DE Market
1 Year Returns
-86.1%
DB:TBN2
-12.1%
DE Electrical
-20.9%
DE Market
TBN2 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Capstone Turbine (TBN2) 8.4% -49.3% -64.5% -86.1% -84.8% -99.1%
DE Electrical -1% -23.3% -36.8% -12.1% -40.7% -42.5%
DE Market -0.6% -16.6% -26% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • TBN2 underperformed the Electrical industry which returned -12.1% over the past year.
  • TBN2 underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
TBN2
Industry
5yr Volatility vs Market

TBN2 Value

 Is Capstone Turbine 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 Capstone Turbine 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 Capstone Turbine.

DB:TBN2 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.5%
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:TBN2
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 1.11
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.11 (1 + (1- 21%) (309.81%))
2.895
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (2 * 5.44%)
10.49%

Discounted Cash Flow Calculation for DB:TBN2 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Capstone Turbine 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:TBN2 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.49%)
2020 -24.10 Analyst x2 -21.81
2021 -2.45 Analyst x3 -2.00
2022 1.18 Analyst x2 0.87
2023 8.12 Analyst x1 5.45
2024 12.25 Analyst x1 7.44
2025 17.39 Analyst x1 9.56
2026 21.26 Est @ 22.23% 10.57
2027 24.54 Est @ 15.45% 11.05
2028 27.16 Est @ 10.69% 11.07
2029 29.17 Est @ 7.37% 10.76
Present value of next 10 years cash flows $42.00
DB:TBN2 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $29.17 × (1 + -0.39%) ÷ (10.49% – -0.39%)
$267.02
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $267.02 ÷ (1 + 10.49%)10
$98.47
DB:TBN2 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $42.00 + $98.47
$140.47
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $140.47 / 9.12
$15.41
DB:TBN2 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:TBN2 represents 0.91526x of NasdaqCM:CPST
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.91526x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 15.41 x 0.91526
€14.10
Value per share (EUR) From above. €14.10
Current discount Discount to share price of €1.08
= -1 x (€1.08 - €14.10) / €14.10
92.3%

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

Current Discount
Amount off the current price Capstone Turbine is available for.
Intrinsic value
>50%
Share price is €1.08 vs Future cash flow value of €14.1
Current Discount Checks
For Capstone Turbine to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Capstone Turbine's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Capstone Turbine's share price is below the future cash flow value, and 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 Capstone Turbine's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Capstone Turbine's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:TBN2 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $-2.50
NasdaqCM:CPST Share Price ** NasdaqCM (2020-04-06) in USD $1.18
Germany Electrical Industry PE Ratio Median Figure of 7 Publicly-Listed Electrical Companies 20.5x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.45x

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

** Primary Listing of Capstone Turbine.

DB:TBN2 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:CPST Share Price ÷ EPS (both in USD)

= 1.18 ÷ -2.50

-0.47x

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

  • Capstone Turbine is loss making, we can't compare its value to the DE Electrical industry average.
  • Capstone Turbine is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Capstone Turbine's expected growth come at a high price?
Raw Data
DB:TBN2 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.47x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
63.9%per year
Germany Electrical Industry PEG Ratio Median Figure of 6 Publicly-Listed Electrical Companies 0.95x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.16x

*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 Capstone Turbine, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Capstone Turbine's assets?
Raw Data
DB:TBN2 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $1.86
NasdaqCM:CPST Share Price * NasdaqCM (2020-04-06) in USD $1.18
Germany Electrical Industry PB Ratio Median Figure of 14 Publicly-Listed Electrical Companies 1.86x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:TBN2 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:CPST Share Price ÷ Book Value per Share (both in USD)

= 1.18 ÷ 1.86

0.63x

* Primary Listing of Capstone Turbine.

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

  • Capstone Turbine is good value based on assets compared to the DE Electrical industry average.
X
Value checks
We assess Capstone Turbine'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. Capstone Turbine has a total score of 3/6, 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.

TBN2 Future Performance

 How is Capstone Turbine expected to perform in the next 1 to 3 years based on estimates from 5 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
63.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Capstone Turbine expected to grow at an attractive rate?
  • Capstone Turbine's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Capstone Turbine's earnings growth is expected to exceed the Germany market average.
  • Capstone Turbine's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:TBN2 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:TBN2 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 63.9%
DB:TBN2 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 19.7%
Germany Electrical Industry Earnings Growth Rate Market Cap Weighted Average 71.1%
Germany Electrical Industry Revenue Growth Rate Market Cap Weighted Average 12.2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*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:TBN2 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:TBN2 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2025-03-31 196 16 1
2024-03-31 170 11 1
2023-03-31 145 6 1
2022-03-31 106 1 0 3
2021-03-31 84 0 -7 5
2020-04-06
2020-03-31 72 -16 -19 4
DB:TBN2 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 79 -21 -19
2019-09-30 80 -17 -18
2019-06-30 81 -17 -17
2019-03-31 83 -18 -17
2018-12-31 82 -12 -15
2018-09-30 87 -15 -12
2018-06-30 85 -14 -11
2018-03-31 83 -9 -10
2017-12-31 85 -12 -12
2017-09-30 82 -14 -23
2017-06-30 77 -17 -25
2017-03-31 77 -19 -25

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Capstone Turbine's earnings are expected to grow significantly at over 20% yearly.
  • Capstone Turbine's revenue is expected to grow by 19.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:TBN2 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 5 Analyst Estimates (S&P Global) See Below

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

DB:TBN2 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2025-03-31 1.47 1.47 1.47 1.00
2024-03-31 0.96 0.96 0.96 1.00
2023-03-31 0.54 0.54 0.54 1.00
2022-03-31 -0.10 0.04 -0.23 2.00
2021-03-31 -0.77 -0.52 -1.07 5.00
2020-04-06
2020-03-31 -2.41 -2.34 -2.49 4.00
DB:TBN2 Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 -2.50
2019-09-30 -2.41
2019-06-30 -2.49
2019-03-31 -2.49
2018-12-31 -2.21
2018-09-30 -1.87
2018-06-30 -1.92
2018-03-31 -1.95
2017-12-31 -2.85
2017-09-30 -5.81
2017-06-30 -6.98
2017-03-31 -7.87

*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 Capstone Turbine will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Capstone Turbine'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.
Capstone Turbine has a total score of 4/6, see the detailed checks below.

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

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

TBN2 Past Performance

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

DB:TBN2 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 79.39 -18.98 22.44 3.70
2019-09-30 80.03 -17.52 21.73 3.62
2019-06-30 81.47 -17.36 21.54 3.61
2019-03-31 83.41 -16.66 20.96 3.60
2018-12-31 82.45 -14.65 20.43 3.51
2018-09-30 87.19 -11.52 19.91 3.57
2018-06-30 84.79 -10.83 19.40 3.82
2018-03-31 82.84 -10.03 18.71 4.04
2017-12-31 84.70 -12.26 18.84 4.38
2017-09-30 82.12 -22.62 19.63 4.70
2017-06-30 77.34 -24.82 19.87 4.92
2017-03-31 77.17 -25.24 20.65 5.39
2016-12-31 73.12 -26.39 20.94 6.21
2016-09-30 74.39 -21.72 23.09 7.84
2016-06-30 77.30 -23.73 24.76 9.36
2016-03-31 85.21 -25.19 27.11 10.15
2015-12-31 96.21 -34.17 36.50 11.14
2015-09-30 104.84 -32.09 35.80 11.79
2015-06-30 119.18 -30.74 39.84 9.77
2015-03-31 115.46 -31.53 39.52 9.68
2014-12-31 122.03 -20.62 31.60 9.21
2014-09-30 128.95 -18.87 32.28 7.92
2014-06-30 131.99 -16.23 28.18 9.02
2014-03-31 133.11 -16.26 27.98 9.03
2013-12-31 132.04 -17.01 27.87 8.73
2013-09-30 128.29 -19.29 27.70 8.65
2013-06-30 123.12 -21.59 27.48 9.11

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

TBN2 Health

 How is Capstone Turbine'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 Capstone Turbine's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Capstone Turbine is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Capstone Turbine's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Capstone Turbine'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 2.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Capstone Turbine Company Filings, last reported 3 months ago.

DB:TBN2 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 16.38 27.84 16.73
2019-09-30 19.50 28.06 20.90
2019-06-30 19.05 27.97 24.61
2019-03-31 23.15 27.34 29.73
2018-12-31 24.67 11.17 10.68
2018-09-30 24.97 12.65 12.30
2018-06-30 26.06 10.22 13.57
2018-03-31 25.76 8.85 14.41
2017-12-31 22.24 11.30 11.52
2017-09-30 18.07 9.61 10.16
2017-06-30 19.47 9.64 14.14
2017-03-31 20.90 11.86 14.19
2016-12-31 22.15 9.17 14.36
2016-09-30 27.94 6.26 11.11
2016-06-30 33.59 6.27 19.04
2016-03-31 24.74 9.89 11.70
2015-12-31 23.66 10.22 13.47
2015-09-30 22.88 15.41 10.60
2015-06-30 29.15 16.54 22.42
2015-03-31 34.70 13.45 32.22
2014-12-31 48.56 15.03 40.89
2014-09-30 51.91 12.54 40.79
2014-06-30 57.65 12.39 46.70
2014-03-31 34.09 13.87 27.86
2013-12-31 36.54 14.05 31.57
2013-09-30 32.27 12.11 28.27
2013-06-30 35.76 13.19 21.60
  • Capstone Turbine's level of debt (170%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (31% vs 170% 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.

  • Capstone Turbine has less than a year of cash runway based on current free cash flow.
  • Capstone Turbine has less than a year of cash runway if free cash flow continues to reduce at historical rates of -0.8% each year.
X
Financial health checks
We assess Capstone Turbine'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. Capstone Turbine 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.

TBN2 Dividends

 What is Capstone Turbine'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 Capstone Turbine dividends.
If you bought €2,000 of Capstone Turbine 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 Capstone Turbine's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Capstone Turbine'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:TBN2 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 5 Analyst Estimates (S&P Global) See Below
Germany Electrical Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 1.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 315 Stocks 3.9%
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 4.9%

Industry and Market average data is calculated daily.

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

DB:TBN2 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2025-03-31
2024-03-31
2023-03-31
2022-03-31
2021-03-31
2020-04-06
2020-03-31

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

  • Unable to perform a dividend volatility check as Capstone Turbine has not reported any payouts.
  • Unable to verify if Capstone Turbine's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Capstone Turbine's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Capstone Turbine has not reported any payouts.
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 Capstone Turbine'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 Capstone Turbine afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Capstone Turbine 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.

TBN2 Management

 What is the CEO of Capstone Turbine'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
Darren Jamison
COMPENSATION $997,208
AGE 53
TENURE AS CEO 13.3 years
CEO Bio

Mr. Darren R. Jamison has been the President and Chief Executive Officer at Capstone Turbine Corp. since December 6, 2006. Mr. Jamison served as President of Northern Power Systems Inc., a subsidiary of Distributed Energy Systems Corp. since September 6, 2005, Chief Operating Officer since December 2004 and its Executive Vice President of operations since February 2004. He served as an Executive Vice President of Operations of Northern of Distributed Energy Systems Corp. He served as Vice President and General Manager of Distributed Energy Solutions for Stewart & Stevenson Services Inc. from 1994 to 2003. He has an outstanding track record of working with customers to develop financially attractive solutions. He has been a Director of Capstone Turbine Corp. since December 18, 2006. Mr. Jamison received a BA in finance and business administration from Seattle University.

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

Average tenure and age of the Capstone Turbine management team in years:

0.4
Average Tenure
53
Average Age
  • The average tenure for the Capstone Turbine management team is less than 2 years, this suggests a new team.
Management Team

Darren Jamison

TITLE
President
COMPENSATION
$997K
AGE
53
TENURE
13.3 yrs

Jim Crouse

TITLE
Chief Revenue Officer
COMPENSATION
$379K
AGE
55
TENURE
0.3 yrs

Eric Hencken

TITLE
Chief Accounting Officer & CFO
AGE
39
TENURE
0.5 yrs

Kirk Petty

TITLE
Senior Vice President of Operations
TENURE
0.2 yrs

Jennifer Derstine

TITLE
Vice President of Marketing & Distribution
TENURE
0.3 yrs

Jeff Foster

TITLE
Senior Vice President of Customer Service & Product Development
TENURE
2.5 yrs

Colby Petersen

TITLE
Staff Counsel
Board of Directors Tenure

Average tenure and age of the Capstone Turbine board of directors in years:

3.3
Average Tenure
59.5
Average Age
  • The tenure for the Capstone Turbine board of directors is about average.
Board of Directors

Holly Van Deursen

TITLE
Independent Chairman of the Board
COMPENSATION
$111K
AGE
60
TENURE
3.7 yrs

Darren Jamison

TITLE
President
COMPENSATION
$997K
AGE
53
TENURE
13.3 yrs

Gary Mayo

TITLE
Non Executive Director
COMPENSATION
$101K
AGE
65
TENURE
12.5 yrs

Paul DeWeese

TITLE
Independent Director
COMPENSATION
$92K
AGE
52
TENURE
3.7 yrs

Yon Jorden

TITLE
Independent Director
COMPENSATION
$101K
AGE
64
TENURE
3 yrs

Bob Flexon

TITLE
Independent Director
COMPENSATION
$108K
AGE
61
TENURE
2 yrs

Rob Powelson

TITLE
Independent Director
AGE
50
TENURE
0.8 yrs

Denise Wilson

TITLE
Director
AGE
59
TENURE
0.4 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Capstone Turbine individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
12. Feb 20 Buy Darren Jamison Individual 12. Feb 20 12. Feb 20 5,700 €2.47 €14,073
17. Dec 19 Buy Frederick Hencken Individual 13. Dec 19 13. Dec 19 1,500 €3.07 €4,598
16. Dec 19 Buy Denise Wilson Individual 12. Dec 19 12. Dec 19 3,000 €3.00 €8,998
13. Dec 19 Buy Holly Van Deursen Individual 11. Dec 19 11. Dec 19 3,000 €3.00 €9,008
12. Dec 19 Buy Paul DeWeese Individual 11. Dec 19 11. Dec 19 1,000 €3.01 €3,010
12. Dec 19 Buy Yon Jorden Individual 11. Dec 19 11. Dec 19 3,000 €2.95 €8,850
11. Dec 19 Buy Darren Jamison Individual 11. Dec 19 11. Dec 19 6,500 €3.06 €19,870
26. Aug 19 Buy Robert Powelson Individual 22. Aug 19 22. Aug 19 50 €5.59 €280
21. Aug 19 Buy Yon Jorden Individual 20. Aug 19 20. Aug 19 500 €6.28 €3,140
14. Jun 19 Buy Yon Jorden Individual 14. Jun 19 14. Jun 19 500 €7.37 €3,685
14. Jun 19 Buy Holly Van Deursen Individual 14. Jun 19 14. Jun 19 3,000 €7.34 €22,028
14. Jun 19 Buy Robert Flexon Individual 14. Jun 19 14. Jun 19 1,260 €7.13 €8,982
14. Jun 19 Buy Darren Jamison Individual 14. Jun 19 14. Jun 19 2,000 €7.40 €14,792
X
Management checks
We assess Capstone Turbine'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. Capstone Turbine 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.

TBN2 News

Simply Wall St News

TBN2 Company Info

Description

Capstone Turbine Corporation develops, manufactures, markets, and services microturbine technology solutions for use in stationary distributed power generation applications worldwide. It offers microturbine units, components, and various accessories for applications, including cogeneration comprising combined heat and power (CHP) and integrated CHP, as well as combined cooling, heat, and power; and renewable energy, natural resources, and critical power supply. The company’s microturbines are also used as battery charging generators for hybrid electric vehicle applications. It also provides various accessories, including rotary gas compressors with digital controls; heat recovery modules for CHP applications; dual mode controllers that allow automatic transition between grid connect and stand-alone modes; batteries with digital controls for stand-alone or dual-mode operations; batteries with digital controls; power servers for multipacked installations; protocol converters for Internet access; packaging options; and miscellaneous parts, such as frames, exhaust ducting, backflow dampers, and installation hardware. In addition, the company remanufactures microturbine engines; and provides after-market parts and services. It markets and sells its products primarily through distributors and original equipment manufacturers. Capstone Turbine Corporation was founded in 1988 and is headquartered in Van Nuys, California.

Details
Name: Capstone Turbine Corporation
TBN2
Exchange: DB
Founded: 1988
$9,948,980
9,117,918
Website: http://www.capstoneturbine.com
Address: Capstone Turbine Corporation
16640 Stagg Street,
Van Nuys,
California, 91406,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM CPST Common Stock Nasdaq Capital Market US USD 29. Jun 2000
DB TBN2 Common Stock Deutsche Boerse AG DE EUR 29. Jun 2000
Number of employees
Current staff
Staff numbers
154
Capstone Turbine employees.
Industry
Heavy Electrical Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 22:10
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2020/04/06
Last earnings filing: 2020/02/06
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/03/31


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.