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SEB

DB:GRB
Snowflake Description

Established dividend payer with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GRB
DB
€7B
Market Cap
  1. Home
  2. DE
  3. Consumer Durables
Company description

SEB SA designs, manufactures, and markets small household appliances worldwide. The last earnings update was 111 days ago. More info.


Add to Portfolio Compare Print
GRB Share Price and Events
7 Day Returns
2.5%
DB:GRB
0.5%
DE Consumer Durables
-0.3%
DE Market
1 Year Returns
22.5%
DB:GRB
4%
DE Consumer Durables
10.4%
DE Market
GRB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
SEB (GRB) 2.5% 4.5% -0.4% 22.5% 7.4% 116.1%
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
  • GRB outperformed the Consumer Durables industry which returned 4% over the past year.
  • GRB outperformed the Market in Germany which returned 10.4% over the past year.
Price Volatility
GRB
Industry
5yr Volatility vs Market

Value

 Is SEB 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 SEB 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 SEB.

DB:GRB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 11 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.1%
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:GRB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.7%
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- 33%) (43.67%))
1.033
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.03
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.033 * 6.65%)
7.1%

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

The calculations below outline how an intrinsic value for SEB 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:GRB DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 7.1%)
2020 444.55 Analyst x6 415.09
2021 495.08 Analyst x5 431.64
2022 521.11 Est @ 5.26% 424.23
2023 540.65 Est @ 3.75% 410.96
2024 555.21 Est @ 2.69% 394.06
2025 566.06 Est @ 1.95% 375.14
2026 574.19 Est @ 1.44% 355.31
2027 580.35 Est @ 1.07% 335.32
2028 585.11 Est @ 0.82% 315.67
2029 588.87 Est @ 0.64% 296.64
Present value of next 10 years cash flows €3,754.00
DB:GRB DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €588.87 × (1 + 0.23%) ÷ (7.1% – 0.23%)
€8,591.91
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €8,591.91 ÷ (1 + 7.1%)10
€4,328.16
DB:GRB Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €3,754.00 + €4,328.16
€8,082.16
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €8,082.16 / 49.94
€161.84
DB:GRB Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:GRB represents 1.00712x of ENXTPA:SK
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00712x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 161.84 x 1.00712
€162.99
Value per share (EUR) From above. €162.99
Current discount Discount to share price of €141.40
= -1 x (€141.40 - €162.99) / €162.99
13.2%

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

Current Discount
Amount off the current price SEB is available for.
Intrinsic value
13%
Share price is €141.4 vs Future cash flow value of €162.99
Current Discount Checks
For SEB to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • SEB's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • SEB'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 SEB's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are SEB's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:GRB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €8.62
ENXTPA:SK Share Price ** ENXTPA (2019-11-19) in EUR €140.4
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 SEB.

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

= ENXTPA:SK Share Price ÷ EPS (both in EUR)

= 140.4 ÷ 8.62

16.29x

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

  • SEB is good value based on earnings compared to the DE Consumer Durables industry average.
  • SEB is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does SEB's expected growth come at a high price?
Raw Data
DB:GRB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.29x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
11.1%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 .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 16.29x ÷ 11.1%

1.46x

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

  • SEB is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on SEB's assets?
Raw Data
DB:GRB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €42.31
ENXTPA:SK Share Price * ENXTPA (2019-11-19) in EUR €140.4
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:GRB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTPA:SK Share Price ÷ Book Value per Share (both in EUR)

= 140.4 ÷ 42.31

3.32x

* Primary Listing of SEB.

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

  • SEB is overvalued based on assets compared to the DE Consumer Durables industry average.
X
Value checks
We assess SEB'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. SEB has a total score of 2/6, 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 SEB expected to perform in the next 1 to 3 years based on estimates from 11 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
11.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is SEB expected to grow at an attractive rate?
  • SEB's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • SEB's earnings growth is positive but not above the Germany market average.
  • SEB's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:GRB Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:GRB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 11.1%
DB:GRB Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 5.7%
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:GRB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:GRB Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 8,256 759 526 8
2020-12-31 7,817 696 470 11
2019-12-31 7,390 629 418 11
2019-11-19
DB:GRB Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 7,124 622 428
2019-03-31 6,968 673 423
2018-12-31 6,812 724 419
2018-09-30 6,690 571 401
2018-06-30 6,568 419 383
2018-03-31 6,527 438 379
2017-12-31 6,485 457 375
2017-09-30 6,131 492 327
2017-06-30 5,777 528 280
2017-03-31 5,388 552 269
2016-12-31 5,000 576 259
2016-09-30 4,910 518 236

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • SEB's earnings are expected to grow by 11.1% yearly, however this is not considered high growth (20% yearly).
  • SEB's revenue is expected to grow by 5.7% 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:GRB 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 11 Analyst Estimates (S&P Global) See Below

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

DB:GRB Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 10.50 11.20 10.05 7.00
2020-12-31 9.45 10.05 8.79 11.00
2019-12-31 8.37 8.89 7.68 11.00
2019-11-19
DB:GRB Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 8.62
2019-03-31 8.53
2018-12-31 8.44
2018-09-30 8.07
2018-06-30 7.70
2018-03-31 7.63
2017-12-31 7.56
2017-09-30 6.57
2017-06-30 5.59
2017-03-31 5.39
2016-12-31 5.20
2016-09-30 4.79

*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.
  • SEB is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess SEB'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.
SEB 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 SEB 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 SEB'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.
  • SEB has delivered over 20% year on year earnings growth in the past 5 years.
  • SEB's 1-year earnings growth is less than its 5-year average (11.8% vs 21.2%)
  • SEB's earnings growth has exceeded the DE Consumer Durables industry average in the past year (11.8% vs -18.6%).
Earnings and Revenue History
SEB'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 SEB Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:GRB 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 7,123.80 427.90 159.70
2019-03-31 6,968.00 423.45 160.35
2018-12-31 6,812.20 419.00 161.00
2018-09-30 6,690.30 400.90 170.65
2018-06-30 6,568.40 382.80 180.30
2018-03-31 6,526.50 378.90 177.90
2017-12-31 6,484.60 375.00 175.50
2017-09-30 6,130.85 327.30 177.60
2017-06-30 5,777.10 279.60 179.70
2017-03-31 5,388.40 269.10 175.60
2016-12-31 4,999.70 258.60 171.50
2016-09-30 4,910.05 236.30 166.40
2016-06-30 4,820.40 214.00 161.30
2016-03-31 4,795.05 209.95 158.65
2015-12-31 4,769.70 205.90 156.00
2015-09-30 4,654.60 203.60 144.05
2015-06-30 4,539.50 201.30 132.10
2015-03-31 4,396.30 185.65 136.95
2014-12-31 4,253.10 170.00 141.80
2014-09-30 4,202.95 170.30 144.05
2014-06-30 4,152.80 170.60 146.30
2014-03-31 4,157.05 185.20 148.55
2013-12-31 4,161.30 199.80 150.80
2013-09-30 4,133.10 186.15 153.10
2013-06-30 4,104.90 172.50 155.40
2013-03-31 4,082.30 183.35 156.55
2012-12-31 4,059.70 194.20 157.70

*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.
  • Whilst SEB has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • SEB used its assets more efficiently than the DE Consumer Durables industry average last year based on Return on Assets.
  • SEB's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess SEB'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.
SEB 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 SEB'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 SEB's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • SEB is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • SEB's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of SEB's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.2x 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 SEB Company Filings, last reported 4 months ago.

DB:GRB Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 2,323.40 2,715.70 662.90
2019-03-31 2,323.40 2,715.70 662.90
2018-12-31 2,306.60 2,440.70 873.40
2018-09-30 2,306.60 2,440.70 873.40
2018-06-30 1,983.70 2,566.90 570.20
2018-03-31 1,983.70 2,566.90 570.20
2017-12-31 1,964.30 2,641.80 755.50
2017-09-30 1,964.30 2,641.80 755.50
2017-06-30 1,738.70 2,959.00 916.80
2017-03-31 1,738.70 2,959.00 916.80
2016-12-31 1,836.20 2,622.40 619.10
2016-09-30 1,836.20 2,622.40 619.10
2016-06-30 1,626.10 1,034.50 459.90
2016-03-31 1,626.10 1,034.50 459.90
2015-12-31 1,907.70 1,328.30 1,015.30
2015-09-30 1,907.70 1,328.30 1,015.30
2015-06-30 1,841.30 905.20 457.50
2015-03-31 1,841.30 905.20 457.50
2014-12-31 1,724.50 963.80 513.90
2014-09-30 1,724.50 963.80 513.90
2014-06-30 1,463.60 872.50 342.90
2014-03-31 1,463.60 872.50 342.90
2013-12-31 1,532.30 839.50 426.30
2013-09-30 1,532.30 840.00 426.30
2013-06-30 1,454.50 932.00 416.00
2013-03-31 1,454.50 932.00 416.00
2012-12-31 1,462.10 950.20 398.70
  • SEB's level of debt (116.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (59.6% vs 116.9% today).
  • Debt is well covered by operating cash flow (22.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 37.5x coverage).
X
Financial health checks
We assess SEB'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. SEB 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 SEB'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
1.52%
Current annual income from SEB dividends. Estimated to be 1.74% next year.
If you bought €2,000 of SEB shares you are expected to receive €30 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?
  • SEB's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.35%).
  • SEB's dividend is below the markets top 25% of dividend payers in Germany (3.72%).
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:GRB 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 11 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:GRB Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 2.63 8.00
2020-12-31 2.47 11.00
2019-12-31 2.28 11.00
2019-11-19
DB:GRB Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-04-08 2.140 1.455
2019-02-28 2.140 1.419
2018-03-01 2.000 1.407
2017-04-20 1.720 1.097
2017-02-21 1.720 1.351
2016-04-04 1.540 1.328
2016-02-25 1.540 1.752
2015-04-14 1.440 1.673
2014-03-27 1.390 2.185
2014-02-27 1.390 2.365
2013-04-02 1.320 2.152
2013-02-26 1.320 2.305
2012-07-27 1.250 2.254
2012-04-03 1.250 2.331
2012-02-21 1.250 2.006
2011-03-01 1.170 1.799
2010-03-26 1.040 1.672
2010-02-22 1.040 2.135
2009-04-07 0.940 2.755

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of SEB's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.9x coverage).
X
Income/ dividend checks
We assess SEB'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 SEB afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. SEB has a total score of 5/6, 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 SEB'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
Thierry de La d'Artaise
COMPENSATION €4,828,095
AGE 65
TENURE AS CEO 19.8 years
CEO Bio

Mr. Thierry de La Tour d'Artaise serves as the Chairman of SEB SA since 2000 and Chief Executive Officer since 1994. Mr. d'Artaise served as a Member of Group Management Board at SEB. Mr. d'Artaise serves as a Member of the Management Board of Actiref. He joined SEB S.A. in 1994. He served as the Chief Financial Officer and Chief Executive Officer of Croisières Paquet (Groupe Chargeurs) from 1984 to 1986 and from 1986 to 1993 respectively. He served as a General Manager of Croisières Paquet (Groupe Chargeurs). He served as the Chairman of Calor SA from 1996 to 1998 and served as its Chief Executive Officer 1994 to 1998. He served as Chairman of the Home Appliances Division of Groupe SEB since 1998 and also served as its Senior Vice-President. In 1999, he was appointed Vice-Chairman of SEB Group. He began his career in the United States in 1976 as a Financial Controller at Allendale Insurance. After two years in Boston, he joined the audit firm Coopers & Lybrand in Paris. From 1979 to 1983, Mr. d'Artaise was an Audit Manager with Coopers & Lybrand. He then joined the Chargeurs Group in 1983 and served as its Chief Administrative and Financial Officer from 1984 to 1985. From 1983 to 1984, he served as Head of Internal Audit of Groupe Chargeurs SA (Chargeurs Group). He has been the Chairman at SEB SA since 2000. He serves as the Chairman of the Supervisory Board of Rowenta Werke GmbH. He serves as the Chairman of SEB SA and Chief Executive Officer of SEB SA at Moulinex S.A. Previously, he served as Deputy Chairman of SEB SA from 1999 to 2000. He was Independent Director of Legrand SA from April 6, 2006 to May 30, 2018. He is a Director of CIC Lyonnaise de Banque S.A. since 2001. He serves as a Director of Siparex Associes SA, Groupe Siparex, Branics, Tefal UK, Groupe Seb Japan, Groupe SEB Mexicana, T-Fal Corporation, Rowenta Inc., T-Fal de Mexico, Groupe Seb Colombia, Seb Benrubi, Rowenta Deutschland GmbH and Groupe Seb South Africa. He has been a Director of Zhejiang Supor Co., Ltd. since April 2011. He has been a Director of SEB SA since May 4, 2000. He is Chairman of SEB Internationale (SAS) since 2000. He also serves as a Permanent Representative of Seb Internationale on the Boards of Groupe Seb UK and Groupe Seb Iberica. He serves as a Member of the Supervisory Board of Rowenta Invest BV and Groupe Seb Deutschland GmbH. He served as a Member of Advisory council of Banque de France. He served as an Independent Director of Compagnie Plastic Omnium SA from December 2004 to October 17, 2012 and Club Méditerranée from March 16, 2005 to July 19, 2016. He served as a Member of Supervisory Board of Siparex SCA. Mr. d'Artaise is a chartered accountant. He is a graduate of the École Supérieure de Commerce de Paris (ESCP) business school.

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

Average tenure and age of the SEB management team in years:

0.9
Average Tenure
55
Average Age
  • The average tenure for the SEB management team is less than 2 years, this suggests a new team.
Management Team

Thierry de La d'Artaise

TITLE
Chairman & CEO
COMPENSATION
€5M
AGE
65
TENURE
19.8 yrs

Stanislas De Gramont

TITLE
Chief Operating Officer
COMPENSATION
€866K
AGE
53
TENURE
0.9 yrs

Nathalie Lomon

TITLE
Senior Executive VP & CFO
AGE
48
TENURE
0.8 yrs

Isabelle Posth

TITLE
Head of Financial Communication & Investor Relations

Philippe Sumeire

TITLE
General Counsel & Secretary
AGE
57

Giles Pelissier

TITLE
Brands and Communication Vice President

Harry Touret

TITLE
Senior Executive Vice President of Human Resources
AGE
64

Cyril Buxtorf

TITLE
Executive Vice President of EMEA
AGE
53

Patrick Llobregat

TITLE
Executive Vice President of Cookware

Martin Zouhar

TITLE
Executive Vice-President of North & Central America
Board of Directors Tenure

Average tenure and age of the SEB board of directors in years:

6.5
Average Tenure
57
Average Age
  • The tenure for the SEB board of directors is about average.
Board of Directors

Thierry de La d'Artaise

TITLE
Chairman & CEO
COMPENSATION
€5M
AGE
65

Emmanuel Lescure

TITLE
Honorary Chairman
AGE
89

Jean-Noël Labroue

TITLE
Independent Director
COMPENSATION
€45K
AGE
71
TENURE
9.5 yrs

Catherine Pourre

TITLE
Independent Director
COMPENSATION
€45K
AGE
62
TENURE
5.8 yrs

Jérôme Lescure

TITLE
Director
COMPENSATION
€40K
AGE
60
TENURE
3.5 yrs

Hubert Fèvre

TITLE
Director
COMPENSATION
€40K
AGE
54
TENURE
16.5 yrs

Yseulys Costes

TITLE
Independent Director
COMPENSATION
€38K
AGE
47
TENURE
6.5 yrs

Sarah Chauleur

TITLE
Director
COMPENSATION
€30K
AGE
47
TENURE
6.5 yrs

William Gairard

TITLE
Director
COMPENSATION
€30K
AGE
38
TENURE
4.5 yrs

Anne-Damarys Braida-Valerio

TITLE
Director
COMPENSATION
€40K
AGE
51
TENURE
21.6 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 SEB'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. SEB 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

Company Info

Description

SEB SA designs, manufactures, and markets small household appliances worldwide. It provides kitchen electrics, including electrical cooking products comprising deep fryers, rice cookers, electric pressure cookers, informal meal appliances, waffle makers, grills, toasters, and multicookers; beverage preparation products, such as coffee makers, espresso machines, electric kettles, home beer-tapping machines, and soy milk makers; and food preparation products consisting of blenders, cooking food processors, kitchen machines, mixers, and beaters. The company also offers home and personal care products, including linen care products, such as steam irons and generators, and garment steamers; home care products consisting of cylinder vacuum cleaners and upright vacuum cleaners, as well as vacuum sweepers and versatile vacuums; and home comfort products, such as fans, heaters, and air treatment products, as well as personal care products comprising hair care appliances, depilators, and bathroom scales. In addition, it offers cookware products, such as frying pans, saucepans, pressure cookers, kitchen utensils, food storage containers, vacuum flasks, and mugs. Further, SEB SA provides ovens, plastic components, meat grinders, electronic components, cutlery, washing machines, induction hotplates, and garden products. The company offers its products primarily under the Tefal, Rowenta, Moulinex, Krups, Arno, Imusa, Seb, Calor, WMF, Lagostina, All-Clad, Silit, WMF, Schaerer, Hepp, and Wilbur Curtis brands. SEB SA was founded in 1857 and is headquartered in Écully, France.

Details
Name: SEB SA
GRB
Exchange: DB
Founded: 1857
€7,011,494,146
49,939,417
Website: http://www.groupeseb.com
Address: SEB SA
Campus SEB – 112,
Chemin du Moulin Carron,
Écully,
Rhône-Alpes, 69130,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA SK Common Stock Euronext Paris FR EUR 26. Aug 1992
OTCPK SEBY.F Common Stock Pink Sheets LLC US USD 26. Aug 1992
DB GRB Common Stock Deutsche Boerse AG DE EUR 26. Aug 1992
LSE 0MGS Common Stock London Stock Exchange GB EUR 26. Aug 1992
BATS-CHIXE SKP Common Stock BATS 'Chi-X Europe' GB EUR 26. Aug 1992
OTCPK SEBY.Y UNSPONSORD ADR Pink Sheets LLC US USD 16. Feb 2018
Number of employees
Current staff
Staff numbers
34,000
SEB employees.
Industry
Household Appliances
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/19 20:51
End of day share price update: 2019/11/19 00:00
Last estimates confirmation: 2019/11/15
Last earnings filing: 2019/07/31
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.