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Vivanco Gruppe

DB:VG0K
Snowflake Description

Adequate balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
VG0K
DB
€19M
Market Cap
  1. Home
  2. DE
  3. Consumer Durables
Company description

Vivanco Gruppe AG develops, procures, and delivers equipment and connection accessories for consumer electronics, information technology, and telecommunications segments in Europe. The last earnings update was 104 days ago. More info.


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VG0K Share Price and Events
7 Day Returns
0%
DB:VG0K
0.5%
DE Consumer Durables
-0.3%
DE Market
1 Year Returns
-22.9%
DB:VG0K
4%
DE Consumer Durables
10.4%
DE Market
VG0K Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Vivanco Gruppe (VG0K) 0% -1.8% -6.7% -22.9% 72.8% 261.3%
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
  • VG0K underperformed the Consumer Durables industry which returned 4% over the past year.
  • VG0K underperformed the Market in Germany which returned 10.4% over the past year.
Price Volatility
VG0K
Industry
5yr Volatility vs Market

VG0K Value

 Is Vivanco Gruppe 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 Vivanco Gruppe 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 Vivanco Gruppe.

DB:VG0K Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-06-30) in EUR € .100000
Payout Ratio Company Filings (2019-06-30) 1634.6%
Discount Rate (Cost of Equity) See below 6.4%
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:VG0K
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Consumer Durables Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.812 (1 + (1- 30%) (112.19%))
1.036
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.04
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.036 * 5.96%)
6.4%

Discounted Cash Flow Calculation for DB:VG0K using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Vivanco Gruppe is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

DB:VG0K Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= €0.1 / (6.4% - 0.23%)
€1.62
DB:VG0K Discount to Share Price
Calculation Result
Value per share (EUR) From above. €1.62
Current discount Discount to share price of €3.36
= -1 x (€3.36 - €1.62) / €1.62
-107.5%

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

  • The current share price of Vivanco Gruppe is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Vivanco Gruppe's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Vivanco Gruppe's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:VG0K PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €0.20
DB:VG0K Share Price ** DB (2019-11-19) in EUR €3.36
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 Vivanco Gruppe.

DB:VG0K PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= DB:VG0K Share Price ÷ EPS (both in EUR)

= 3.36 ÷ 0.20

16.44x

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

  • Vivanco Gruppe is good value based on earnings compared to the DE Consumer Durables industry average.
  • Vivanco Gruppe is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Vivanco Gruppe's expected growth come at a high price?
Raw Data
DB:VG0K PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.44x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Germany Consumer Durables Industry PEG Ratio Median Figure of 5 Publicly-Listed Consumer Durables Companies 1x
Germany Market PEG Ratio Median Figure of 258 Publicly-Listed Companies 1.36x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Vivanco Gruppe, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Vivanco Gruppe's assets?
Raw Data
DB:VG0K PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €0.86
DB:VG0K Share Price * DB (2019-11-19) in EUR €3.36
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:VG0K PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= DB:VG0K Share Price ÷ Book Value per Share (both in EUR)

= 3.36 ÷ 0.86

3.89x

* Primary Listing of Vivanco Gruppe.

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

  • Vivanco Gruppe is overvalued based on assets compared to the DE Consumer Durables industry average.
X
Value checks
We assess Vivanco Gruppe'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. Vivanco Gruppe 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.

VG0K Future Performance

 How is Vivanco Gruppe expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Vivanco Gruppe has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
14%
Expected Consumer Durables industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Vivanco Gruppe expected to grow at an attractive rate?
  • Unable to compare Vivanco Gruppe's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Vivanco Gruppe's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Vivanco Gruppe's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:VG0K Future Growth Rates Data Sources
Data Point Source Value (per year)
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:VG0K Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:VG0K Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 79 3 1
2019-03-31 78 4 2
2018-12-31 78 4 2
2018-09-30 80 4 5
2018-06-30 81 3 7
2018-03-31 81 3 7
2017-12-31 81 3 6
2017-09-30 81 7 5
2017-06-30 82 11 4
2017-03-31 83 10 5
2016-12-31 84 9 7
2016-09-30 83 8 6

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Vivanco Gruppe is high growth as no earnings estimate data is available.
  • Unable to determine if Vivanco Gruppe is high growth as no revenue estimate data is available.
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:VG0K 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 0 Analyst Estimates (S&P Global) See Below

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

DB:VG0K Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 0.20
2019-03-31 0.30
2018-12-31 0.39
2018-09-30 0.86
2018-06-30 1.32
2018-03-31 1.23
2017-12-31 1.14
2017-09-30 0.89
2017-06-30 0.65
2017-03-31 0.96
2016-12-31 1.27
2016-09-30 1.15

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Vivanco Gruppe will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Vivanco Gruppe's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Vivanco Gruppe's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Consumer Durables companies here
  3. Vivanco Gruppe's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Vivanco Gruppe'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.
Vivanco Gruppe has a total score of 0/6, see the detailed checks below.

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

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

VG0K Past Performance

  How has Vivanco Gruppe 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 Vivanco Gruppe'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.
  • Vivanco Gruppe has delivered over 20% year on year earnings growth in the past 5 years.
  • Vivanco Gruppe's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Vivanco Gruppe's 1-year earnings growth is negative, it can't be compared to the DE Consumer Durables industry average.
Earnings and Revenue History
Vivanco Gruppe'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 Vivanco Gruppe Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:VG0K 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 78.55 1.13 19.18
2019-03-31 78.17 1.65 18.46
2018-12-31 77.80 2.17 17.74
2018-09-30 79.57 4.74 17.72
2018-06-30 81.33 7.30 17.70
2018-03-31 80.97 6.79 17.82
2017-12-31 80.61 6.29 17.93
2017-09-30 81.41 4.93 18.34
2017-06-30 82.21 3.56 18.76
2017-03-31 83.03 5.27 18.61
2016-12-31 83.85 6.98 18.47
2016-09-30 83.25 6.32 18.13
2016-06-30 82.65 5.66 17.78
2016-03-31 82.36 3.26 17.65
2015-12-31 82.08 0.87 17.51
2015-09-30 81.42 0.56 17.80
2015-06-30 80.77 0.26 18.08
2015-03-31 81.76 0.70 18.29
2014-12-31 82.75 1.15 18.51
2014-09-30 81.28 1.12 18.88
2014-06-30 79.80 1.09 19.25
2014-03-31 77.96 -0.79 19.83
2013-12-31 76.11 -2.67 20.40
2013-09-30 74.78 -7.76 21.52
2013-06-30 73.45 -12.86 22.65
2013-03-31 75.91 -12.37 22.96
2012-12-31 78.36 -11.88 23.27

*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 Vivanco Gruppe 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.
  • Vivanco Gruppe used its assets less efficiently than the DE Consumer Durables industry average last year based on Return on Assets.
  • Vivanco Gruppe's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Vivanco Gruppe'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.
Vivanco Gruppe 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.

VG0K Health

 How is Vivanco Gruppe'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 Vivanco Gruppe's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Vivanco Gruppe is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Vivanco Gruppe's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Vivanco Gruppe's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.5x 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 Vivanco Gruppe Company Filings, last reported 4 months ago.

DB:VG0K Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 4.63 13.94 0.73
2019-03-31 4.63 13.94 0.73
2018-12-31 4.81 15.33 1.67
2018-09-30 4.81 15.33 1.67
2018-06-30 3.93 17.41 1.40
2018-03-31 3.93 17.41 1.40
2017-12-31 3.15 19.84 1.05
2017-09-30 3.15 19.84 1.05
2017-06-30 -2.09 19.78 4.49
2017-03-31 -2.09 19.78 4.49
2016-12-31 -2.52 20.17 1.42
2016-09-30 -2.52 20.17 1.42
2016-06-30 -4.69 21.18 0.97
2016-03-31 -4.69 21.18 0.97
2015-12-31 -8.33 26.54 2.00
2015-09-30 -8.33 26.54 2.00
2015-06-30 -10.14 15.48 1.64
2015-03-31 -10.14 15.48 1.64
2014-12-31 -9.35 27.65 2.52
2014-09-30 -9.35 27.65 2.52
2014-06-30 -10.57 28.19 1.23
2014-03-31 -10.57 28.19 1.23
2013-12-31 -10.20 31.41 1.53
2013-09-30 -10.20 31.41 1.53
2013-06-30 -12.04 31.96 0.87
2013-03-31 -12.04 31.96 0.87
2012-12-31 -7.98 32.77 1.48
  • Vivanco Gruppe's level of debt (300.8%) compared to net worth is high (greater than 40%).
  • Vivanco Gruppe had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.
  • Debt is not well covered by operating cash flow (19.9%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.2x coverage).
X
Financial health checks
We assess Vivanco Gruppe'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. Vivanco Gruppe 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.

VG0K Dividends

 What is Vivanco Gruppe'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
2.98%
Current annual income from Vivanco Gruppe dividends.
If you bought €2,000 of Vivanco Gruppe shares you are expected to receive €60 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?
  • Vivanco Gruppe's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.35%).
  • Vivanco Gruppe'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:VG0K 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 0 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:VG0K Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-04-10 0.100 2.783
2018-04-12 0.100 2.142
2017-05-24 0.100 2.188

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

  • Whilst dividend payments have been stable, Vivanco Gruppe has been paying a dividend for less than 10 years.
  • Vivanco Gruppe has only been paying a dividend for 2 years, and since then there has been no growth.
Current Payout to shareholders
What portion of Vivanco Gruppe's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Vivanco Gruppe'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 Vivanco Gruppe afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Vivanco Gruppe has a total score of 2/6, see the detailed checks below.


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

VG0K Management

 What is the CEO of Vivanco Gruppe'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
Philipp Gerding
COMPENSATION €537,000
CEO Bio

Mr. Philipp Oliver Gerding serves as Chairman of Management Board and Chief Executive Officer of Vivanco Gruppe AG and Vivanco France S.A.S., Neuilly le Real. Mr. Gerding serves as the Managing Director of Vivanco GmbH.

CEO Compensation
  • Philipp's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Philipp's remuneration is lower than average for companies of similar size in Germany.
Management Team

Philipp Gerding

TITLE
Chairman of Management Board & CEO
COMPENSATION
€537K
Board of Directors

Wenyang Zhang

TITLE
Chairman of Supervisory Board
COMPENSATION
€45K

Frau Heijenga

TITLE
Deputy Chairman of Supervisory Board
COMPENSATION
€41K
TENURE
8.3 yrs

Hui Zhao

TITLE
Member of Supervisory Board
TENURE
3.7 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 Vivanco Gruppe'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. Vivanco Gruppe 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.

VG0K News

Simply Wall St News

Vivanco Gruppe (FRA:VG0K) Shareholders Have Enjoyed A Whopping 333% Share Price Gain

While Vivanco Gruppe AG (FRA:VG0K) shareholders are probably generally happy, the stock hasn't had particularly good run recently, with the share price falling 17% in the last quarter. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return.

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How Does Vivanco Gruppe AG (FRA:VG0K) Stand Up To These Simple Dividend Safety Checks?

Could Vivanco Gruppe AG (FRA:VG0K) be an attractive dividend share to own for the long haul? … This generally suggests the dividend is sustainable, as long as earnings don't drop precipitously. … Dividend Growth Potential The other half of the dividend investing equation is evaluating whether earnings per share (EPS) are growing. Growing EPS can help maintain or increase the purchasing power of the dividend over the long run. It's good to see Vivanco Gruppe has been growing its earnings per share at 35% a year over the past 5 years. Earnings per share have rocketed in recent times, and we like that the company is retaining more than half of its earnings to reinvest. However, always remember that very few companies can grow at double digit rates forever. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing.

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Vivanco Gruppe AG (FRA:VG0K): What Does Its Beta Value Mean For Your Portfolio?

Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market. … What this means for you: It is probable that there is a link between the share price of Vivanco Gruppe and the broader market, since it has a beta value quite close to one.

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The Vivanco Gruppe (FRA:VG0K) Share Price Is Up 316% And Shareholders Are Delighted

During the five years of share price growth, Vivanco Gruppe moved from a loss to profitability. … Indeed, the Vivanco Gruppe share price has gained 175% in three years. … We note that for Vivanco Gruppe the TSR over the last 5 years was 345%, which is better than the share price return mentioned above.

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Do Institutions Own Vivanco Gruppe AG (FRA:VG0K) Shares?

Taking a look at our data on the ownership groups (below), it's seems that institutional investors have not yet purchased shares. … View our latest analysis for Vivanco Gruppe DB:VG0K Ownership Summary, May 13th 2019 What Does The Lack Of Institutional Ownership Tell Us About Vivanco Gruppe? … Insider Ownership Of Vivanco Gruppe The definition of an insider can differ slightly between different countries, but members of the board of directors always count.

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Are You An Income Investor? Don't Miss Out On Vivanco Gruppe AG (FRA:VG0K)

Is Vivanco Gruppe AG (FRA:VG0K) a good dividend stock? … A dividend paying company with growing earnings can be rewarding in the long term. … With only a two-year payment history, and a 2.4% yield, investors probably think Vivanco Gruppe is not much of a dividend stock.

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Does Vivanco Gruppe AG (FRA:VG0K) Have A Place In Your Portfolio?

Vivanco Gruppe AG (FRA:VG0K) has returned an average dividend yield of 2.00% annually to shareholders. … Does Vivanco Gruppe tick all the boxes of a great dividend stock? … Whenever I am looking at a potential dividend stock investment, I always check these five metrics:

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Vivanco Gruppe AG (FRA:VG0K)'s Return on Capital

Therefore, looking at how efficiently Vivanco Gruppe is able to use capital to create earnings will help us understand your potential return. … I have calculated Vivanco Gruppe’s ROCE for you below: ROCE Calculation for VG0K Return on Capital Employed (ROCE) = Earnings Before Tax (EBT) ÷ (Capital Employed) Capital Employed = (Total Assets - Current Liabilities) ∴ ROCE = €5.23M ÷ (€55.28M - €36.87M) = 28.40% The calculation above shows that VG0K’s earnings were 28.40% of capital employed. … Comparing this to a healthy 15% benchmark shows Vivanco Gruppe is currently able to return a fantastic amount to owners for the use of their capital, which is a good sign for those who believe this will continue and the company’s management will find good uses for the earnings they create.

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Is Vivanco Gruppe AG's (FRA:VG0K) 198.27% ROE Strong Compared To Its Industry?

See our latest analysis for Vivanco Gruppe Breaking down Return on Equity Return on Equity (ROE) is a measure of Vivanco Gruppe’s profit relative to its shareholders’ equity. … Given a positive discrepancy of 185.93% between return and cost, this indicates that Vivanco Gruppe pays less for its capital than what it generates in return, which is a sign of capital efficiency. … The ratio currently stands is significantly high, above 2.5 times, meaning Vivanco Gruppe has taken on a disproportionately large level of debt which is driving the high return.

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Is Vivanco Gruppe AG's (FRA:VG0K) PE Ratio A Signal To Buy For Investors?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for VG0K Price per share = €4.68 Earnings per share = €1.142 ∴ Price-Earnings Ratio = €4.68 ÷ €1.142 = 4.1x The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. … VG0K’s P/E of 4.1x is lower than its industry peers (15x), which implies that each dollar of VG0K’s earnings is being undervalued by investors. … For example, if you are inadvertently comparing lower risk firms with VG0K, then VG0K’s P/E would naturally be lower than its peers, since investors would value those with lower risk with a higher price.

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VG0K Company Info

Description

Vivanco Gruppe AG develops, procures, and delivers equipment and connection accessories for consumer electronics, information technology, and telecommunications segments in Europe. It provides consumer electronics products, including digital wireless products, babyfons, headphones, speakers, remote controls, microphones, aerials, mixers and control desks, archiving panels, digital photo accessories, camcorder accessories, mp3 accessories, cleaning and maintenance products, wall mounting products, and audio and video accessories, as well as audio, video, aerial, and TV-SAT cables and adapters. The company also offers information technology products comprising PC-mice, keyboards, PC-audio products, multimedia, PC performance products, notebook accessories, wireless LAN products, PC connections, and tablet accessories. In addition, it provides telecommunication products, such as mobile communication equipment, mobile lifestyle products, Bluetooth products, and telephone connection products. The company is headquartered in Ahrensburg, Germany. Vivanco Gruppe AG is a subsidiary of Xupu Electronics Technology GmbH.

Details
Name: Vivanco Gruppe AG
VG0K
Exchange: DB
Founded:
€18,509,336
5,508,731
Website: http://www.vivanco.de
Address: Vivanco Gruppe AG
Ewige Weide 15,
Ahrensburg,
Schleswig-Holstein, 22926,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
DB VG0K Ordinary Shares Deutsche Boerse AG DE EUR 24. Mar 1999
Number of employees
Current staff
Staff numbers
481
Vivanco Gruppe employees.
Industry
Consumer Electronics
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/19 20:58
End of day share price update: 2019/11/19 00:00
Last earnings filing: 2019/08/07
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.