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Surteco Group

DB:SUR
Snowflake Description

Adequate balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SUR
DB
€313M
Market Cap
  1. Home
  2. DE
  3. Consumer Durables
Company description

Surteco Group SE develops, produces, and sells coated surface materials based on paper and plastic worldwide. The last earnings update was 92 days ago. More info.


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SUR Share Price and Events
7 Day Returns
1.2%
DB:SUR
-1.1%
DE Consumer Durables
0.1%
DE Market
1 Year Returns
-7.9%
DB:SUR
2.9%
DE Consumer Durables
8.8%
DE Market
SUR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Surteco Group (SUR) 1.2% 0.2% -11.5% -7.9% -4.5% -12.7%
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
  • SUR underperformed the Consumer Durables industry which returned 2.9% over the past year.
  • SUR underperformed the Market in Germany which returned 8.8% over the past year.
Price Volatility
SUR
Industry
5yr Volatility vs Market

Value

 Is Surteco Group 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 Surteco Group 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 Surteco Group.

DB:SUR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.8%
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:SUR
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%) (104.56%))
1.275
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.28
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.275 * 5.96%)
7.83%

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

The calculations below outline how an intrinsic value for Surteco Group 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:SUR DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 7.83%)
2020 39.13 Analyst x3 36.29
2021 38.33 Analyst x3 32.97
2022 35.00 Analyst x1 27.92
2023 35.00 Analyst x1 25.89
2024 33.98 Est @ -2.92% 23.31
2025 33.31 Est @ -1.98% 21.19
2026 32.87 Est @ -1.31% 19.39
2027 32.59 Est @ -0.85% 17.83
2028 32.42 Est @ -0.53% 16.45
2029 32.32 Est @ -0.3% 15.21
Present value of next 10 years cash flows €236.00
DB:SUR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €32.32 × (1 + 0.23%) ÷ (7.83% – 0.23%)
€426.21
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €426.21 ÷ (1 + 7.83%)10
€200.59
DB:SUR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €236.00 + €200.59
€436.59
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €436.59 / 15.51
€28.16
DB:SUR Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:SUR represents 1.00495x of XTRA:SUR
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00495x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 28.16 x 1.00495
€28.30
Value per share (EUR) From above. €28.30
Current discount Discount to share price of €20.30
= -1 x (€20.30 - €28.30) / €28.30
28.3%

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

Current Discount
Amount off the current price Surteco Group is available for.
Intrinsic value
28%
Share price is €20.3 vs Future cash flow value of €28.3
Current Discount Checks
For Surteco Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Surteco Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Surteco Group'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 Surteco Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Surteco Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:SUR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €1.05
XTRA:SUR Share Price ** XTRA (2019-11-14) in EUR €20.2
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 Surteco Group.

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

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

= 20.2 ÷ 1.05

19.33x

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

  • Surteco Group is overvalued based on earnings compared to the DE Consumer Durables industry average.
  • Surteco Group is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Surteco Group's expected growth come at a high price?
Raw Data
DB:SUR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.33x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
19.2%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:SUR PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 19.33x ÷ 19.2%

1x

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

  • Surteco Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Surteco Group's assets?
Raw Data
DB:SUR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €22.84
XTRA:SUR Share Price * XTRA (2019-11-14) in EUR €20.2
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:SUR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 20.2 ÷ 22.84

0.88x

* Primary Listing of Surteco Group.

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

  • Surteco Group is good value based on assets compared to the DE Consumer Durables industry average.
X
Value checks
We assess Surteco Group'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. Surteco Group 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 Surteco Group expected to perform in the next 1 to 3 years based on estimates from 3 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
19.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Surteco Group expected to grow at an attractive rate?
  • Surteco Group's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Surteco Group's earnings growth is expected to exceed the Germany market average.
  • Surteco Group's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:SUR Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:SUR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 19.2%
DB:SUR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 0.5%
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:SUR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:SUR Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 701 2
2022-12-31 693 2
2021-12-31 688 80 31 3
2020-12-31 680 78 30 3
2019-12-31 684 74 25 3
2019-11-14
DB:SUR Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 692 80 16
2019-03-31 699 71 18
2018-12-31 704 61 19
2018-09-30 713 55 27
2018-06-30 726 63 31
2018-03-31 712 62 28
2017-12-31 695 83 26
2017-09-30 670 66 26
2017-06-30 641 75 22
2017-03-31 644 66 25
2016-12-31 644 58 24
2016-09-30 650 53 20

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Surteco Group's earnings are expected to grow by 19.2% yearly, however this is not considered high growth (20% yearly).
  • Surteco Group's revenue is expected to grow by 0.5% 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:SUR 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 3 Analyst Estimates (S&P Global) See Below

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

DB:SUR 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 2.01 2.05 1.98 2.00
2020-12-31 1.93 1.96 1.90 2.00
2019-12-31 1.59 1.64 1.54 2.00
2019-11-14
DB:SUR Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 1.05
2019-03-31 1.18
2018-12-31 1.20
2018-09-30 1.74
2018-06-30 2.02
2018-03-31 1.80
2017-12-31 1.69
2017-09-30 1.65
2017-06-30 1.41
2017-03-31 1.60
2016-12-31 1.54
2016-09-30 1.31

*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.
  • Surteco Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Surteco Group'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.
Surteco Group 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 Surteco Group 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 Surteco Group'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.
  • Surteco Group's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Surteco Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Surteco Group's 1-year earnings growth is negative, it can't be compared to the DE Consumer Durables industry average.
Earnings and Revenue History
Surteco Group'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 Surteco Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:SUR Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 691.90 16.21 183.88
2019-03-31 699.26 18.29 185.94
2018-12-31 704.14 18.63 185.35
2018-09-30 712.53 27.05 178.09
2018-06-30 725.78 31.31 179.14
2018-03-31 711.91 27.96 177.31
2017-12-31 694.78 26.19 174.51
2017-09-30 670.17 25.54 170.31
2017-06-30 640.78 21.80 164.52
2017-03-31 643.59 24.76 161.50
2016-12-31 643.76 23.87 158.00
2016-09-30 649.92 20.33 157.55
2016-06-30 653.86 18.13 157.40
2016-03-31 647.97 14.59 158.10
2015-12-31 643.38 17.72 158.75
2015-09-30 636.99 13.38 164.99
2015-06-30 634.86 17.25 164.65
2015-03-31 628.61 20.21 162.71
2014-12-31 623.68 18.46 159.84
2014-09-30 582.01 28.77 144.63
2014-06-30 524.25 26.69 131.70
2014-03-31 468.24 24.61 119.51
2013-12-31 405.96 21.88 108.07
2013-09-30 393.27 14.24 103.64
2013-06-30 397.65 15.25 104.60
2013-03-31 401.55 15.17 104.87
2012-12-31 410.11 15.03 105.99

*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.
  • Surteco Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Surteco Group used its assets less efficiently than the DE Consumer Durables industry average last year based on Return on Assets.
  • Surteco Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Surteco Group'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.
Surteco Group has a total score of 1/6, 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 Surteco Group'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 Surteco Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Surteco Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Surteco Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Surteco Group'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 1.1x 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 Surteco Group Company Filings, last reported 4 months ago.

DB:SUR Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 357.48 327.50 131.93
2019-03-31 363.95 327.14 121.65
2018-12-31 353.21 309.40 121.88
2018-09-30 354.56 319.72 103.50
2018-06-30 350.42 321.24 124.76
2018-03-31 349.92 322.56 121.78
2017-12-31 349.24 312.12 134.11
2017-09-30 345.14 231.50 25.98
2017-06-30 338.30 187.99 87.98
2017-03-31 354.60 193.82 87.17
2016-12-31 346.55 184.66 75.59
2016-09-30 334.43 205.16 82.94
2016-06-30 331.26 206.51 90.16
2016-03-31 337.04 188.56 73.37
2015-12-31 334.38 169.35 66.38
2015-09-30 324.33 190.80 63.77
2015-06-30 324.38 193.52 54.61
2015-03-31 336.93 195.94 62.01
2014-12-31 321.10 161.57 43.06
2014-09-30 315.93 188.03 36.23
2014-06-30 308.03 193.05 38.39
2014-03-31 312.29 193.64 45.85
2013-12-31 311.03 177.29 51.12
2013-09-30 226.09 161.54 58.33
2013-06-30 223.19 168.25 67.07
2013-03-31 229.58 164.62 63.25
2012-12-31 223.18 167.35 61.39
  • Surteco Group's level of debt (88%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (52.4% vs 88% today).
  • Debt is well covered by operating cash flow (25.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.9x coverage).
X
Financial health checks
We assess Surteco Group'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. Surteco Group 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 Surteco Group'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
2.72%
Current annual income from Surteco Group dividends. Estimated to be 4.54% next year.
If you bought €2,000 of Surteco Group shares you are expected to receive €54 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?
  • Surteco Group's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.38%).
  • Surteco Group'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:SUR 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 3 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:SUR Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 1.02 3.00
2020-12-31 0.95 3.00
2019-12-31 0.78 3.00
2019-11-14
DB:SUR Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-04-30 0.550 2.376
2018-04-30 0.800 3.357
2017-04-28 0.800 3.166
2016-04-29 0.800 3.559
2015-04-30 0.700 3.383
2014-04-30 0.650 2.488
2013-04-15 0.450 2.146
2013-01-15 0.450 2.407
2012-04-11 0.450 2.327
2011-04-11 0.900 4.132
2010-04-29 0.400 1.854
2010-01-15 0.400 2.346
2009-03-24 0.350 2.814

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 Surteco Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.1x coverage).
X
Income/ dividend checks
We assess Surteco Group'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 Surteco Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Surteco Group 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 Surteco Group'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
Wolfgang Moyses
COMPENSATION €31,000
AGE 55
TENURE AS CEO 0.1 years
CEO Bio

Mr. Wolfgang Moyses has been Chairman of Management Board and Chief Executive Officer at Surteco Group SE since October 1, 2019. Mr. Moyses served as the Chief Executive Officer of Simona AG until August 15, 2019. Mr. Moyses served as the Chairman of the Management Board at Simona AG from September 30, 2011 to August 15, 2019 and was its Member of the Management Board since 1999 until September 30, 2019 and served as its Chief Sales Officer at Simona AG since September 30, 2011. He is responsible for Finance, Purchasing, Controlling, Quality Management, Legal Affairs and Personnel, as well as IT and Organisation of Simona AG. Mr. Moyses has been a Member of Supervisory Board at Surteco Group SE since June 26, 2015.

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

Wolfgang Moyses

TITLE
CEO & Chairman of Management Board
COMPENSATION
€31K
AGE
55
TENURE
0.1 yrs

Andreas Riedl

TITLE
CFO & Member of the Board of Management
COMPENSATION
€530K
AGE
50
Board of Directors Tenure

Average tenure and age of the Surteco Group board of directors in years:

2.3
Average Tenure
55
Average Age
  • The average tenure for the Surteco Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Jürgen Großmann

TITLE
Chairman of Supervisory Board
COMPENSATION
€52K
TENURE
16.9 yrs

Wolfgang Moyses

TITLE
CEO & Chairman of Management Board
COMPENSATION
€31K
AGE
55
TENURE
4.4 yrs

Christoph Amberger

TITLE
Deputy Chairman of Supervisory Board
COMPENSATION
€22K
AGE
62
TENURE
0.8 yrs

Andreas Engelhardt

TITLE
Deputy Chairman of Supervisory Board
COMPENSATION
€11K
TENURE
0.8 yrs

Christa Linnemann

TITLE
Honorary Chairwoman of the Supervisory Board
TENURE
15.4 yrs

Thomas Stockhausen

TITLE
Member of Supervisory Board
COMPENSATION
€22K
AGE
49
TENURE
10.4 yrs

Jens Krazeisen

TITLE
Member of Supervisory Board
COMPENSATION
€22K
AGE
40
TENURE
3.7 yrs

Heinz-Dieter Stöckler

TITLE
Supervisory Board Member
AGE
62
TENURE
0.8 yrs

Jörg Wissemann

TITLE
Member of Supervisory Board
AGE
55
TENURE
0.4 yrs

Tobias Pott

TITLE
Member of Supervisory Board
AGE
43
TENURE
0.4 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 Surteco Group'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. Surteco Group 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

Surteco Group SE develops, produces, and sells coated surface materials based on paper and plastic worldwide. The company operates through two segments, Strategic Business Unit (SBU) Paper and SBU Plastics. The SBU Paper segment offers décor papers, finish foils, impregnated products, paper-based edgebandings, and release papers. The SBU Plastics segment provides thermoplastic edgings, foils, technical extrusions, and roller-shutter systems, as well as skirtings extrusions (profiles) for flooring wholesalers, and home-improvement and do-it-yourself stores. The company serves flooring, wood-based, and furniture industries, as well as carpenters and artisan businesses. The company was formerly known as Surteco SE and changed its name to Surteco Group SE in July 2018. Surteco Group SE is based in Buttenwiesen, Germany.

Details
Name: Surteco Group SE
SUR
Exchange: DB
Founded:
€313,215,766
15,505,731
Website: http://www.ir.surteco.de
Address: Surteco Group SE
Johan-Viktor-Bausch-Strasse 2,
Buttenwiesen,
Bavaria, 86647,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA SUR Bearer Shares XETRA Trading Platform DE EUR 05. Oct 1999
DB SUR Bearer Shares Deutsche Boerse AG DE EUR 05. Oct 1999
LSE 0HHI Bearer Shares London Stock Exchange GB EUR 05. Oct 1999
SWX SUR Bearer Shares SIX Swiss Exchange CH CHF 05. Oct 1999
BATS-CHIXE SURD Bearer Shares BATS 'Chi-X Europe' GB EUR 05. Oct 1999
Number of employees
Current staff
Staff numbers
3,241
Surteco Group employees.
Industry
Home Furnishings
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/14 20:45
End of day share price update: 2019/11/14 00:00
Last estimates confirmation: 2019/09/25
Last earnings filing: 2019/08/14
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.