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Einhell Germany

DB:EIN3
Snowflake Description

Flawless balance sheet, good value and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EIN3
DB
€214M
Market Cap
  1. Home
  2. DE
  3. Consumer Durables
Company description

Einhell Germany AG, together with its subsidiaries, develops and distributes solutions for Do-It-Yourself enthusiasts and craftsmen for use at home, in the garden, and for leisure activities in Germany and internationally. The last earnings update was 83 days ago. More info.


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EIN3 Share Price and Events
7 Day Returns
2.8%
DB:EIN3
-1.1%
DE Consumer Durables
0.1%
DE Market
1 Year Returns
-12%
DB:EIN3
2.9%
DE Consumer Durables
8.8%
DE Market
EIN3 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Einhell Germany (EIN3) 2.8% 12.7% 25.5% -12% 50.7% 100.3%
DE Consumer Durables -1.1% 3.5% 4.1% 2.9% -5.9% 11.6%
DE Market 0.1% 5.9% 15% 8.8% 14.5% 21%
1 Year Return vs Industry and Market
  • EIN3 underperformed the Consumer Durables industry which returned 2.9% over the past year.
  • EIN3 underperformed the Market in Germany which returned 8.8% over the past year.
Price Volatility
EIN3
Industry
5yr Volatility vs Market

Value

 Is Einhell Germany 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 Einhell Germany 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 Einhell Germany.

DB:EIN3 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 6.1%
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:EIN3
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))
= 0.815 (1 + (1- 30%) (28.66%))
0.985
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.99
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.985 * 5.96%)
6.1%

Discounted Cash Flow Calculation for DB:EIN3 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Einhell Germany 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:EIN3 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.1%)
2020 27.50 Analyst x1 25.92
2021 22.80 Analyst x1 20.25
2022 20.94 Est @ -8.17% 17.53
2023 19.76 Est @ -5.65% 15.59
2024 18.99 Est @ -3.88% 14.12
2025 18.48 Est @ -2.65% 12.96
2026 18.15 Est @ -1.79% 11.99
2027 17.94 Est @ -1.18% 11.17
2028 17.80 Est @ -0.76% 10.45
2029 17.72 Est @ -0.46% 9.80
Present value of next 10 years cash flows €149.00
DB:EIN3 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €17.72 × (1 + 0.23%) ÷ (6.1% – 0.23%)
€302.49
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €302.49 ÷ (1 + 6.1%)10
€167.32
DB:EIN3 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €149.00 + €167.32
€316.32
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €316.32 / 3.77
€83.81
DB:EIN3 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:EIN3 represents 1.03169x of XTRA:EIN3
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.03169x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 83.81 x 1.03169
€86.46
Value per share (EUR) From above. €86.46
Current discount Discount to share price of €58.60
= -1 x (€58.60 - €86.46) / €86.46
32.2%

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

Current Discount
Amount off the current price Einhell Germany is available for.
Intrinsic value
32%
Share price is €58.6 vs Future cash flow value of €86.46
Current Discount Checks
For Einhell Germany to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Einhell Germany's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Einhell Germany's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Einhell Germany's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Einhell Germany's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:EIN3 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €6.40
XTRA:EIN3 Share Price ** XTRA (2019-11-14) in EUR €56.8
Germany Consumer Durables Industry PE Ratio Median Figure of 8 Publicly-Listed Consumer Durables Companies 17.05x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 19.83x

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

** Primary Listing of Einhell Germany.

DB:EIN3 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= XTRA:EIN3 Share Price ÷ EPS (both in EUR)

= 56.8 ÷ 6.40

8.88x

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

  • Einhell Germany is good value based on earnings compared to the DE Consumer Durables industry average.
  • Einhell Germany is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Einhell Germany's expected growth come at a high price?
Raw Data
DB:EIN3 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.88x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
4.9%per year
Germany Consumer Durables Industry PEG Ratio Median Figure of 5 Publicly-Listed Consumer Durables Companies 0.97x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.36x

*Line of best fit is calculated by linear regression .

DB:EIN3 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.88x ÷ 4.9%

1.83x

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

  • Einhell Germany is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Einhell Germany's assets?
Raw Data
DB:EIN3 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €54.13
XTRA:EIN3 Share Price * XTRA (2019-11-14) in EUR €56.8
Germany Consumer Durables Industry PB Ratio Median Figure of 12 Publicly-Listed Consumer Durables Companies 1.69x
Germany Market PB Ratio Median Figure of 577 Publicly-Listed Companies 1.83x
DB:EIN3 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= XTRA:EIN3 Share Price ÷ Book Value per Share (both in EUR)

= 56.8 ÷ 54.13

1.05x

* Primary Listing of Einhell Germany.

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

  • Einhell Germany is good value based on assets compared to the DE Consumer Durables industry average.
X
Value checks
We assess Einhell Germany'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. Einhell Germany has a total score of 4/6, see the detailed checks below.

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

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

Future Performance

 How is Einhell Germany 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
4.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Einhell Germany expected to grow at an attractive rate?
  • Einhell Germany's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Einhell Germany's earnings growth is positive but not above the Germany market average.
  • Einhell Germany's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:EIN3 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:EIN3 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 4.9%
DB:EIN3 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 5%
Germany Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 15%
Germany Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
DB:EIN3 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months 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:EIN3 Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 739 1
2022-12-31 703 1
2021-12-31 668 33 27 1
2020-12-31 635 40 25 1
2019-12-31 605 41 23 1
2019-11-14
DB:EIN3 Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 592 39 24
2019-03-31 582 31 25
2018-12-31 579 -14 26
2018-09-30 580 -8 24
2018-06-30 583 -20 26
2018-03-31 570 -34 23
2017-12-31 554 -9 21
2017-09-30 538 -5 18
2017-06-30 519 32 14
2017-03-31 505 43 12
2016-12-31 488 44 9
2016-09-30 470 31 9

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Einhell Germany's earnings are expected to grow by 4.9% yearly, however this is not considered high growth (20% yearly).
  • Einhell Germany's revenue is expected to grow by 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:EIN3 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

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

DB:EIN3 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 7.09 7.09 7.09 1.00
2020-12-31 6.70 6.70 6.70 1.00
2019-12-31 6.20 6.20 6.20 1.00
2019-11-14
DB:EIN3 Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 6.40
2019-03-31 6.59
2018-12-31 6.90
2018-09-30 6.47
2018-06-30 6.80
2018-03-31 6.01
2017-12-31 5.60
2017-09-30 4.67
2017-06-30 3.84
2017-03-31 3.24
2016-12-31 2.48
2016-09-30 2.54

*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.
  • Einhell Germany is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Einhell Germany'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.
Einhell Germany has a total score of 2/6, 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 Einhell Germany 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 Einhell Germany'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.
  • Einhell Germany has delivered over 20% year on year earnings growth in the past 5 years.
  • Einhell Germany's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Einhell Germany's 1-year earnings growth is negative, it can't be compared to the DE Consumer Durables industry average.
Earnings and Revenue History
Einhell Germany'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 Einhell Germany Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:EIN3 Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 592.11 24.10 100.82
2019-03-31 582.29 24.65 100.13
2018-12-31 578.68 26.03 99.10
2018-09-30 580.02 24.25 83.62
2018-06-30 582.96 25.87 92.43
2018-03-31 570.35 22.95 90.67
2017-12-31 553.84 21.25 88.50
2017-09-30 537.82 17.80 70.94
2017-06-30 519.33 14.49 69.31
2017-03-31 504.78 12.13 67.42
2016-12-31 487.70 9.34 65.77
2016-09-30 470.43 8.95 73.52
2016-06-30 464.51 8.42 72.01
2016-03-31 451.68 8.15 71.22
2015-12-31 444.41 7.35 71.08
2015-09-30 439.29 6.04 68.06
2015-06-30 432.59 4.39 67.50
2015-03-31 424.56 3.61 66.84
2014-12-31 416.79 1.60 66.05
2014-09-30 412.92 1.28 55.16
2014-06-30 417.25 1.77 55.92
2014-03-31 419.23 1.64 54.98
2013-12-31 416.29 2.09 54.96
2013-09-30 404.61 2.80 54.76
2013-06-30 391.07 2.27 53.54
2013-03-31 391.47 4.35 53.02
2012-12-31 379.86 6.16 51.13

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

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Einhell Germany is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Einhell Germany's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Einhell Germany'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 5.4x 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 Einhell Germany Company Filings, last reported 4 months ago.

DB:EIN3 Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 209.05 61.44 20.73
2019-03-31 211.90 89.11 16.94
2018-12-31 198.63 46.66 15.31
2018-09-30 187.15 88.75 8.26
2018-06-30 189.54 86.50 18.02
2018-03-31 191.86 101.68 10.40
2017-12-31 181.57 22.43 15.63
2017-09-30 175.46 68.68 17.56
2017-06-30 170.29 40.35 12.47
2017-03-31 172.46 49.50 12.70
2016-12-31 164.08 33.16 54.97
2016-09-30 164.98 41.53 8.21
2016-06-30 163.28 55.04 10.86
2016-03-31 160.18 74.34 8.57
2015-12-31 157.93 32.52 25.38
2015-09-30 161.41 60.81 10.22
2015-06-30 165.96 43.54 19.57
2015-03-31 169.16 69.50 16.88
2014-12-31 159.59 30.21 38.05
2014-09-30 163.58 38.24 10.67
2014-06-30 156.05 50.36 28.84
2014-03-31 154.21 51.85 11.41
2013-12-31 158.25 51.45 60.14
2013-09-30 161.43 50.13 10.73
2013-06-30 164.85 66.75 19.18
2013-03-31 165.28 81.90 7.02
2012-12-31 160.28 32.21 5.89
  • Einhell Germany's level of debt (29.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (32.2% vs 29.4% today).
  • Debt is well covered by operating cash flow (63.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 9.4x coverage).
X
Financial health checks
We assess Einhell Germany'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. Einhell Germany has a total score of 6/6, 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 Einhell Germany's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.46%
Current annual income from Einhell Germany dividends. Estimated to be 2.64% next year.
If you bought €2,000 of Einhell Germany shares you are expected to receive €49 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?
  • Einhell Germany's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.38%).
  • Einhell Germany's dividend is below the markets top 25% of dividend payers in Germany (3.68%).
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:EIN3 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 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
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:EIN3 Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 1.60 1.00
2020-12-31 1.50 1.00
2019-12-31 1.40 1.00
2019-11-14
DB:EIN3 Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-04-25 1.400 2.308
2018-04-24 1.200 1.543
2017-04-27 0.800 1.053
2016-04-27 0.600 1.572
2015-04-27 0.400 1.214
2014-03-03 0.400 1.360
2013-04-22 0.600 1.935
2012-03-19 0.800 2.519
2011-04-20 0.800 2.346
2010-03-01 0.600 1.710
2010-01-15 0.600 1.844
2009-03-02 0.600 2.790

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Einhell Germany's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.4x coverage).
X
Income/ dividend checks
We assess Einhell Germany'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 Einhell Germany afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Einhell Germany has a total score of 4/6, 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 Einhell Germany's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Andreas Kroiss
TENURE AS CEO 16.8 years
CEO Bio

Mr. Andreas Kroiss has been the Chairman of the Board of Directors at Einhell Germany AG (alternate name, Hans Einhell AG) since January 01, 2003. Mr. Kroiss took over as the Chief Executive Officer of the Austrian subsidiary under difficult circumstances on June 1st, 1998. He was then a sales professional and performed his assigned duties in an outstanding fashion. His innovative ideas and great commitment enabled him to transform Einhell Austria into a high growth company. He serves as a Member of Economic Advisory Board - Southern Germany at Raiffeisenlandesbank OÖ reg. GenmbH.

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

Average tenure of the Einhell Germany management team in years:

16.8
Average Tenure
  • The average tenure for the Einhell Germany management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Andreas Kroiss

TITLE
Chairman of the Board of Directors
TENURE
16.8 yrs

Jan Teichert

TITLE
CFO & Director
AGE
49
TENURE
16.8 yrs

Markus Thannhuber

TITLE
CTO & Director

Christoph Urban

TITLE
Chief IT and Digitization Officer & Member of Executive Board
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure of the Einhell Germany board of directors in years:

4.4
Average Tenure
  • The tenure for the Einhell Germany board of directors is about average.
Board of Directors

Dieter Spath

TITLE
Chairman of the Supervisory Board
TENURE
4.4 yrs

Philipp Thannhuber

TITLE
Deputy Chairman of the Supervisory Board
TENURE
4.4 yrs

Maximilian Fritz

TITLE
Employee representatives Supervisory Board
TENURE
10.4 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 Einhell Germany'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. Einhell Germany 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

Einhell Germany AG (FRA:EIN3): Is Retail An Attractive Sector Play?

which has experienced a structural shift in terms of digitalization, as well as the expected ups and downs of the economic cycle … In particular, physical store retailers faced the inevitable challenge of building up an online presence in order to enhance their omnichannel capabilities … Most of the growth have been a result of the investment in streamlining distribution infrastructure and improving website platforms to accommodate the shift in spending

Simply Wall St -

Company Info

Description

Einhell Germany AG, together with its subsidiaries, develops and distributes solutions for Do-It-Yourself enthusiasts and craftsmen for use at home, in the garden, and for leisure activities in Germany and internationally. It offers power tools, stationary machines, car tools, cleaning devices, garden tools, water pumps, and air Conditioners and heaters, as well as related accessories. The company was founded in 1964 and is headquartered in Landau an der Isar, Germany. Einhell Germany AG operates as a subsidiary of Thannhuber AG.

Details
Name: Einhell Germany AG
EIN3
Exchange: DB
Founded: 1964
€214,385,920
3,774,400
Website: http://www.einhell.com
Address: Einhell Germany AG
Wiesenweg 22,
Landau an der Isar,
Bavaria, 94405,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA EIN3 Non-Voting Bearer Preferred Shares XETRA Trading Platform DE EUR 02. Jan 1992
DB EIN3 Non-Voting Bearer Preferred Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0N9F Non-Voting Bearer Preferred Shares London Stock Exchange GB EUR 02. Jan 1992
BATS-CHIXE EIN3d Non-Voting Bearer Preferred Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
1,561
Einhell Germany employees.
Industry
Household Appliances
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/14 20:38
End of day share price update: 2019/11/14 00:00
Last estimates confirmation: 2019/08/23
Last earnings filing: 2019/08/23
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


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

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