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A.S. Création Tapeten

DB:ACWN
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ACWN
DB
€44M
Market Cap
  1. Home
  2. DE
  3. Consumer Durables
Company description

A.S. Création Tapeten AG, through its subsidiaries, manufactures and sells wallpapers worldwide. The last earnings update was 11 days ago. More info.


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ACWN Share Price and Events
7 Day Returns
-1.3%
DB:ACWN
0.5%
DE Consumer Durables
-0.3%
DE Market
1 Year Returns
31.7%
DB:ACWN
4%
DE Consumer Durables
10.4%
DE Market
ACWN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
A.S. Création Tapeten (ACWN) -1.3% 19.7% 29.5% 31.7% -46.5% -48.1%
DE Consumer Durables 0.5% 5.1% 4.1% 4% -3% 13.6%
DE Market -0.3% 4.2% 12.4% 10.4% 13.9% 17.1%
1 Year Return vs Industry and Market
  • ACWN outperformed the Consumer Durables industry which returned 4% over the past year.
  • ACWN outperformed the Market in Germany which returned 10.4% over the past year.
Price Volatility
ACWN
Industry
5yr Volatility vs Market

Value

 Is A.S. Création Tapeten 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 A.S. Création Tapeten 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 A.S. Création Tapeten.

DB:ACWN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.2%
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:ACWN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Consumer Durables Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.812 (1 + (1- 30%) (34.62%))
1.006
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.01
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.006 * 5.96%)
6.22%

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

The calculations below outline how an intrinsic value for A.S. Création Tapeten 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:ACWN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.22%)
2020 2.50 Analyst x1 2.35
2021 3.90 Analyst x1 3.46
2022 5.00 Est @ 28.26% 4.17
2023 6.00 Est @ 19.85% 4.71
2024 6.83 Est @ 13.96% 5.05
2025 7.50 Est @ 9.84% 5.22
2026 8.03 Est @ 6.96% 5.26
2027 8.42 Est @ 4.94% 5.20
2028 8.72 Est @ 3.53% 5.07
2029 8.94 Est @ 2.54% 4.89
Present value of next 10 years cash flows €45.00
DB:ACWN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €8.94 × (1 + 0.23%) ÷ (6.22% – 0.23%)
€149.52
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €149.52 ÷ (1 + 6.22%)10
€81.76
DB:ACWN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €45.00 + €81.76
€126.76
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €126.76 / 2.76
€45.99
DB:ACWN Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:ACWN represents 0.9875x of XTRA:ACWN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.9875x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 45.99 x 0.9875
€45.41
Value per share (EUR) From above. €45.41
Current discount Discount to share price of €15.80
= -1 x (€15.80 - €45.41) / €45.41
65.2%

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

Current Discount
Amount off the current price A.S. Création Tapeten is available for.
Intrinsic value
>50%
Share price is €15.8 vs Future cash flow value of €45.41
Current Discount Checks
For A.S. Création Tapeten to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • A.S. Création Tapeten's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • A.S. Création Tapeten'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 A.S. Création Tapeten's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are A.S. Création Tapeten's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:ACWN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in EUR €-0.38
XTRA:ACWN Share Price ** XTRA (2019-11-19) in EUR €16
Germany Consumer Durables Industry PE Ratio Median Figure of 8 Publicly-Listed Consumer Durables Companies 16.53x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 19.74x

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

** Primary Listing of A.S. Création Tapeten.

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

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

= 16 ÷ -0.38

-41.66x

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

  • A.S. Création Tapeten is loss making, we can't compare its value to the DE Consumer Durables industry average.
  • A.S. Création Tapeten is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does A.S. Création Tapeten's expected growth come at a high price?
Raw Data
DB:ACWN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -41.66x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
-6.6%per year
Germany Consumer Durables Industry PEG Ratio Median Figure of 5 Publicly-Listed Consumer Durables Companies 1x
Germany Market PEG Ratio Median Figure of 258 Publicly-Listed Companies 1.36x

*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 A.S. Création Tapeten, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on A.S. Création Tapeten's assets?
Raw Data
DB:ACWN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in EUR €24.89
XTRA:ACWN Share Price * XTRA (2019-11-19) in EUR €16
Germany Consumer Durables Industry PB Ratio Median Figure of 12 Publicly-Listed Consumer Durables Companies 1.69x
Germany Market PB Ratio Median Figure of 578 Publicly-Listed Companies 1.88x
DB:ACWN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 16 ÷ 24.89

0.64x

* Primary Listing of A.S. Création Tapeten.

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

  • A.S. Création Tapeten is good value based on assets compared to the DE Consumer Durables industry average.
X
Value checks
We assess A.S. Création Tapeten'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 Consumer Durables 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 Consumer Durables industry average (and greater than 0)? (1 check)
  5. A.S. Création Tapeten 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.

Future Performance

 How is A.S. Création Tapeten expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-6.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is A.S. Création Tapeten expected to grow at an attractive rate?
  • A.S. Création Tapeten's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.2%.
Growth vs Market Checks
  • A.S. Création Tapeten's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • A.S. Création Tapeten's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:ACWN Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:ACWN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts -6.6%
DB:ACWN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 3.5%
Germany Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 14%
Germany Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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:ACWN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:ACWN Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 162 1
2022-12-31 159 1
2021-12-31 156 9 4 1
2020-12-31 148 8 3 1
2019-12-31 141 6 12 1
2019-11-19
DB:ACWN Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-09-30 140 -4 -1
2019-06-30 137 9 -4
2019-03-31 132 6 -5
2018-12-31 135 3 -6
2018-09-30 137 4 -4
2018-06-30 140 4 -15
2018-03-31 142 5 -19
2017-12-31 143 3 -18
2017-09-30 146 7 -14
2017-06-30 147 7 0
2017-03-31 150 12 5
2016-12-31 153 17 7

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • A.S. Création Tapeten's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • A.S. Création Tapeten's revenue is expected to grow by 3.5% 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:ACWN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from A.S. Création Tapeten Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ACWN 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 1.53 1.53 1.53 1.00
2020-12-31 1.01 1.01 1.01 1.00
2019-12-31 4.45 4.45 4.45 1.00
2019-11-19
DB:ACWN Past Financials Data
Date (Data in EUR Millions) EPS *
2019-09-30 -0.38
2019-06-30 -1.37
2019-03-31 -1.81
2018-12-31 -2.17
2018-09-30 -1.61
2018-06-30 -5.61
2018-03-31 -6.98
2017-12-31 -6.45
2017-09-30 -5.05
2017-06-30 -0.15
2017-03-31 1.98
2016-12-31 2.70

*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.
  • A.S. Création Tapeten is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess A.S. Création Tapeten'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.
A.S. Création Tapeten has a total score of 0/6, 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 A.S. Création Tapeten 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 A.S. Création Tapeten's growth in the last year to its industry (Consumer Durables).
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.
  • A.S. Création Tapeten does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare A.S. Création Tapeten's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare A.S. Création Tapeten's 1-year growth to the DE Consumer Durables industry average as it is not currently profitable.
Earnings and Revenue History
A.S. Création Tapeten'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 A.S. Création Tapeten Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ACWN Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 140.20 -1.06 37.11
2019-06-30 137.37 -3.78 36.74
2019-03-31 132.31 -4.99 36.44
2018-12-31 134.53 -5.98 36.86
2018-09-30 136.71 -4.44 36.82
2018-06-30 140.42 -15.45 38.25
2018-03-31 142.10 -19.24 38.97
2017-12-31 143.36 -17.77 39.65
2017-09-30 145.67 -13.92 40.50
2017-06-30 146.61 -0.42 40.18
2017-03-31 149.68 5.46 40.47
2016-12-31 152.61 7.43 40.82
2016-09-30 155.97 5.35 41.23
2016-06-30 161.08 1.61 41.91
2016-03-31 164.20 2.98 42.74
2015-12-31 166.52 3.29 43.24
2015-09-30 170.73 -9.07 43.39
2015-06-30 176.79 -4.71 43.67
2015-03-31 181.77 -6.08 43.31
2014-12-31 189.13 -9.34 43.33
2014-09-30 191.96 -0.35 44.05
2014-06-30 194.56 -0.20 44.55
2014-03-31 199.62 -0.68 45.45
2013-12-31 199.82 1.32 45.41
2013-09-30 200.08 6.93 45.91
2013-06-30 200.12 7.61 45.43
2013-03-31 198.30 8.53 44.69
2012-12-31 198.92 8.88 44.36

*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 A.S. Création Tapeten has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if A.S. Création Tapeten has efficiently used its assets last year compared to the DE Consumer Durables industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if A.S. Création Tapeten 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 A.S. Création Tapeten'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 Consumer Durables 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.
A.S. Création Tapeten 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 A.S. Création Tapeten'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 A.S. Création Tapeten's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • A.S. Création Tapeten is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • A.S. Création Tapeten's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of A.S. Création Tapeten'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 5.2x 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 A.S. Création Tapeten Company Filings, last reported 1 month ago.

DB:ACWN Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 72.18 15.27 11.98
2019-06-30 73.86 16.08 22.65
2019-03-31 73.02 16.72 12.53
2018-12-31 72.23 15.26 11.89
2018-09-30 73.17 16.82 14.35
2018-06-30 75.72 18.06 12.87
2018-03-31 76.09 8.01 5.78
2017-12-31 75.72 8.41 8.83
2017-09-30 77.73 7.56 9.11
2017-06-30 91.78 8.47 10.22
2017-03-31 98.37 9.16 16.65
2016-12-31 96.50 9.49 21.23
2016-09-30 94.34 11.92 18.98
2016-06-30 94.84 12.95 16.11
2016-03-31 95.78 15.27 6.73
2015-12-31 93.19 14.27 16.47
2015-09-30 92.74 16.75 13.37
2015-06-30 93.60 16.69 8.71
2015-03-31 89.42 20.44 9.38
2014-12-31 86.89 18.37 8.83
2014-09-30 95.52 22.46 8.70
2014-06-30 94.86 23.87 5.35
2014-03-31 94.42 27.28 4.37
2013-12-31 93.47 24.12 6.64
2013-09-30 96.67 25.77 5.87
2013-06-30 96.03 28.13 4.89
2013-03-31 97.70 27.59 8.89
2012-12-31 94.84 24.91 7.15
  • A.S. Création Tapeten's level of debt (21.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (20.9% vs 21.2% 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.

  • A.S. Création Tapeten has sufficient cash runway for 1.1 years based on current free cash flow.
  • Unable to confirm if A.S. Création Tapeten has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess A.S. Création Tapeten'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. A.S. Création Tapeten 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.

Dividends

 What is A.S. Création Tapeten'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 A.S. Création Tapeten dividends. Estimated to be 3.76% next year.
If you bought €2,000 of A.S. Création Tapeten 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 A.S. Création Tapeten's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate A.S. Création Tapeten'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:ACWN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Germany Consumer Durables Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 3.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 335 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.3%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

DB:ACWN Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.80 1.00
2020-12-31 0.50 1.00
2019-12-31 0.50 1.00
2019-11-19
DB:ACWN Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2018-10-25 0.000 0.000
2018-08-02 0.000 0.000
2018-05-03 0.000 0.000
2018-03-22 0.000 0.000
2017-03-23 1.250 5.244
2016-03-17 0.600 1.981
2015-10-27 0.000 0.000
2015-07-29 0.000 0.000
2015-05-07 0.000 0.000
2015-03-16 0.000 0.000
2014-03-13 0.250 0.844
2013-03-15 1.200 3.138
2013-01-15 1.200 3.298
2012-04-05 0.750 2.541
2012-03-22 0.750 2.972
2011-03-18 1.350 5.315
2010-03-01 1.200 3.940
2009-03-02 1.400 6.946

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

  • Unable to perform a dividend volatility check as A.S. Création Tapeten has not reported any payouts.
  • Unable to verify if A.S. Création Tapeten's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of A.S. Création Tapeten's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as A.S. Création Tapeten has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
X
Income/ dividend checks
We assess A.S. Création Tapeten's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - 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 A.S. Création Tapeten afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. A.S. Création Tapeten has a total score of 1/6, 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 A.S. Création Tapeten'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
Daniel Barth
AGE 53
TENURE AS CEO 1 years
CEO Bio

Mr. Daniel Barth has been Chairman of Managing Board and Chief Executive Officer of A.S. Création Tapeten AG since November 19, 2018. Mr. Barth has long-standing international experience in the consumer goods industry. He served as Managing Director of Steiff Beteiligungsgesellschaft mbH and Margarete Steiff GmbH.

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

Average tenure and age of the A.S. Création Tapeten management team in years:

5.6
Average Tenure
52
Average Age
  • The average tenure for the A.S. Création Tapeten management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Daniel Barth

TITLE
Chairman of Managing Board & CEO
AGE
53
TENURE
1 yrs

Maik Krämer

TITLE
Director of Finance & Controlling and Member of Managing Board
AGE
51
TENURE
18.6 yrs

Antonios Suskas

TITLE
Member of Managing Board
AGE
45
TENURE
6.6 yrs

Roland Bantel

TITLE
Director of Sales & Marketing and Member of Managing Board
AGE
55
TENURE
4.6 yrs
Board of Directors Tenure

Average tenure and age of the A.S. Création Tapeten board of directors in years:

0.8
Average Tenure
58
Average Age
  • The average tenure for the A.S. Création Tapeten board of directors is less than 3 years, this suggests a new board.
Board of Directors

Jochen Müller

TITLE
Chairman of the Supervisory Board
AGE
57
TENURE
0.8 yrs

Jella Benner-Heinacher

TITLE
Vice Chairwoman of Supervisory Board
AGE
59

Volker Hues

TITLE
Member of Supervisory Board
AGE
56
TENURE
4.5 yrs

Peter Mourschinetz

TITLE
Employee Representative

Rolf Schmuck

TITLE
Employee Representative

Stephan Zilkens

TITLE
Member of Supervisory Board
AGE
64
TENURE
0.3 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 A.S. Création Tapeten'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. A.S. Création Tapeten 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

We Think A.S. Création Tapeten (FRA:ACWN) Has Us A Very Heavy Debt Load

Création Tapeten How Much Debt Does A.S. … Création Tapeten has a market capitalization of €38.6m, so it could very likely ameliorate its balance sheet if the need arose. … Création Tapeten does have net debt, we think it is worthwhile for shareholders to keep an eye on the balance sheet, over time.

Simply Wall St -

What Kind Of Investor Owns Most Of A.S. Création Tapeten AG (FRA:ACWN)?

Création Tapeten AG (FRA:ACWN) have power over the company. … So it's nice to see some insider ownership, because it may suggest that management is owner-oriented. … institutions own shares in the company.

Simply Wall St -

Does The A.S. Création Tapeten AG (FRA:ACWN) Share Price Fall With The Market?

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

What Kind Of Shareholder Owns Most A.S. Création Tapeten AG (FRA:ACWN) Stock?

As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.'. … Création Tapeten is a small cap stock, so it might not be well known by many institutional investors. … Taking a look at the our data on the ownership groups (below), it's seems that.

Simply Wall St -

Is A.S. Création Tapeten AG's (FRA:ACWN) Balance Sheet Strong Enough To Weather A Storm?

Investors are always looking for growth in small-cap stocks like A.S. … However, an important fact which most ignore is: how financially healthy is the business? … Companies operating in the Consumer Durables industry facing headwinds from current disruption,.

Simply Wall St -

Do Directors Own AS Création Tapeten AG (FRA:ACWN) Shares?

Every investor in AS Création Tapeten AG (FRA:ACWN) should be aware of the most powerful shareholder groups. … Création Tapeten is a small cap stock, so it might not be well known by many institutional investors. … Création Tapeten

Simply Wall St -

Is AS Création Tapeten AG's (FRA:ACWN) Balance Sheet Strong Enough To Weather A Storm?

Investors are always looking for growth in small-cap stocks like AS Création Tapeten AG (FRA:ACWN), with a market cap of €46.31m. … However, an important fact which most ignore is: how financially healthy is the business? … Companies operating in the Consumer Durables industry facing headwinds from current disruption,.

Simply Wall St -

Is It Too Late To Buy AS Création Tapeten AG (FRA:ACWN)?

received a lot of attention from a substantial price movement on the DB over the last few months, increasing to €21 at one point, and dropping to the lows of €17.7. … Création Tapeten's current trading price of €17.9 reflective of the actual value of the? … Création Tapeten’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

Before You Buy AS. Création Tapeten AG's (FRA:ACWN), Consider This

A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … ACWN’s beta indicates it is a stock that investors may find valuable if they want to reduce the overall market risk exposure of their stock portfolio. … I test ACWN’s ratio of fixed assets to total assets in order to determine how high the risk is associated with this type of constraint.

Simply Wall St -

Is AS. Création Tapeten AG (FRA:ACWN) A Cash Cow?

Création Tapeten’s FCF: firstly, I will measure its FCF yield relative to the market index yield; secondly, I will examine whether its operating cash flow will continue to grow into the future, which will give us a sense of sustainability. … Free Cash Flow = Operating Cash Flows – Net Capital Expenditure Free Cash Flow Yield = Free Cash Flow / Enterprise Value where Enterprise Value = Market Capitalisation + Net Debt A.S. … Création Tapeten’s operating cash flow in the past year, as well as the anticipated level going forward.

Simply Wall St -

Company Info

Description

A.S. Création Tapeten AG, through its subsidiaries, manufactures and sells wallpapers worldwide. It operates in two segments, Wallpaper and Furnishing Fabrics. The Wallpaper segment produces and markets wallpapers and borders. The Furnishing Fabrics segment markets curtains and furnishing fabrics. The company offers its wallpapers primarily under the innova, A.S. Création, livingwalls, and Architects Paper brand names; and decorative fabrics under the Indes and Fuggerhaus brand names. It also provides various services, such as departmental planning, shop-fitting, ordering, decoration, individual marketing concept, sales promotional package, and concepts for point-of-sale services, as well as delivery services. A.S. Création Tapeten AG was founded in 1974 and is headquartered in Gummersbach, Germany.

Details
Name: A.S. Création Tapeten AG
ACWN
Exchange: DB
Founded: 1974
€44,101,616
2,756,351
Website: http://www.as-creation.de
Address: A.S. Création Tapeten AG
Südstrasse 47,
Gummersbach,
51645,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA ACWN Registered Shares XETRA Trading Platform DE EUR 18. May 1998
DB ACWN Registered Shares Deutsche Boerse AG DE EUR 18. May 1998
LSE 0QH2 Registered Shares London Stock Exchange GB EUR 18. May 1998
Number of employees
Current staff
Staff numbers
749
A.S. Création Tapeten employees.
Industry
Home Furnishings
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/19 21:55
End of day share price update: 2019/11/19 00:00
Last estimates confirmation: 2019/11/13
Last earnings filing: 2019/11/08
Last earnings reported: 2019/09/30
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.