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Ackermans & Van Haaren

DB:B3K
Snowflake Description

Established dividend payer with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
B3K
DB
€5B
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Ackermans & Van Haaren NV engages in the marine engineering and contracting, private banking, real estate and senior care, and energy and resources businesses worldwide. The last earnings update was 42 days ago. More info.


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B3K Share Price and Events
7 Day Returns
1.1%
DB:B3K
5.3%
DE Diversified Financial
1.2%
DE Market
1 Year Returns
-2.8%
DB:B3K
-0.5%
DE Diversified Financial
0.4%
DE Market
B3K Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ackermans & Van Haaren (B3K) 1.1% 2.2% 2.8% -2.8% 14.5% 57.3%
DE Diversified Financial 5.3% 5.7% -7.1% -0.5% 72.6% 328.3%
DE Market 1.2% -1.3% -0.9% 0.4% 6.9% 24.4%
1 Year Return vs Industry and Market
  • B3K underperformed the Diversified Financial industry which returned -0.5% over the past year.
  • B3K underperformed the Market in Germany which returned 0.4% over the past year.
Price Volatility
B3K
Industry
5yr Volatility vs Market

Value

 Is Ackermans & Van Haaren 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 Ackermans & Van Haaren 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 Ackermans & Van Haaren.

DB:B3K Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= €89.69 * 10.5%
€9.39
Book Value of Equity per Share Median Book Value from the past 5 years. €89.69
Discount Rate (Cost of Equity) See below 7.2%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:B3K
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.8%
Diversified Financial Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.719 (1 + (1- 29%) (63.63%))
1.029
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% + (1.029 * 6.8%)
7.23%

Discounted Cash Flow Calculation for DB:B3K using Excess Returns Model Model

The calculations below outline how an intrinsic value for Ackermans & Van Haaren is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:B3K Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (10.5% – 7.23%) * €89.69)
€2.91
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €2.91 / (7.23% - 0.23%)
€41.63
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €89.69 + €41.63
€131.31
DB:B3K Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:B3K represents 0.98922x of ENXTBR:ACKB
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.98922x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 131.31 x 0.98922
€129.90
Value per share (EUR) From above. €129.90
Current discount Discount to share price of €137.60
= -1 x (€137.60 - €129.90) / €129.90
-5.9%

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

  • The current share price of Ackermans & Van Haaren 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 Ackermans & Van Haaren's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ackermans & Van Haaren's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:B3K PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €11.79
ENXTBR:ACKB Share Price ** ENXTBR (2019-10-11) in EUR €139.1
Germany Diversified Financial Industry PE Ratio Median Figure of 6 Publicly-Listed Diversified Financial Companies 27.43x
Germany Market PE Ratio Median Figure of 417 Publicly-Listed Companies 19.64x

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

** Primary Listing of Ackermans & Van Haaren.

DB:B3K PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTBR:ACKB Share Price ÷ EPS (both in EUR)

= 139.1 ÷ 11.79

11.79x

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

  • Ackermans & Van Haaren is good value based on earnings compared to the DE Diversified Financial industry average.
  • Ackermans & Van Haaren is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Ackermans & Van Haaren's expected growth come at a high price?
Raw Data
DB:B3K PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.79x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
-4.8%per year
Europe Diversified Financial Industry PEG Ratio Median Figure of 13 Publicly-Listed Diversified Financial Companies 1.79x
Germany Market PEG Ratio Median Figure of 265 Publicly-Listed Companies 1.37x

*Line of best fit is calculated by linear regression .

DB:B3K PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.79x ÷ -4.8%

-2.48x

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

  • Ackermans & Van Haaren earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Ackermans & Van Haaren's assets?
Raw Data
DB:B3K PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €99.00
ENXTBR:ACKB Share Price * ENXTBR (2019-10-11) in EUR €139.1
Germany Diversified Financial Industry PB Ratio Median Figure of 9 Publicly-Listed Diversified Financial Companies 3.77x
Germany Market PB Ratio Median Figure of 597 Publicly-Listed Companies 1.72x
DB:B3K PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTBR:ACKB Share Price ÷ Book Value per Share (both in EUR)

= 139.1 ÷ 99.00

1.41x

* Primary Listing of Ackermans & Van Haaren.

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

  • Ackermans & Van Haaren is good value based on assets compared to the DE Diversified Financial industry average.
X
Value checks
We assess Ackermans & Van Haaren'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 Diversified Financial 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 Diversified Financial industry average (and greater than 0)? (1 check)
  5. Ackermans & Van Haaren 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 Ackermans & Van Haaren expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-4.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ackermans & Van Haaren expected to grow at an attractive rate?
  • Ackermans & Van Haaren's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Ackermans & Van Haaren's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Ackermans & Van Haaren's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:B3K Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:B3K Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts -4.8%
DB:B3K Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 7.9%
Germany Diversified Financial Industry Earnings Growth Rate Market Cap Weighted Average 17.3%
Europe Diversified Financial Industry Revenue Growth Rate Market Cap Weighted Average 0.6%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.9%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*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:B3K Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:B3K Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 5,451 329 1
2020-12-31 5,134 315 1
2019-12-31 4,836 303 1
2019-10-11
DB:B3K Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 4,398 640 391
2019-03-31 4,435 534 340
2018-12-31 4,472 428 290
2018-09-30 4,402 425 285
2018-06-30 4,333 422 281
2018-03-31 4,149 485 292
2017-12-31 3,965 549 303
2017-09-30 3,938 636 288
2017-06-30 3,910 723 273
2017-03-31 3,785 691 249
2016-12-31 3,659 658 224
2016-09-30 3,639 566 217

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Ackermans & Van Haaren's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Ackermans & Van Haaren's revenue is expected to grow by 7.9% 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:B3K Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Ackermans & Van Haaren Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:B3K Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
2019-10-11
DB:B3K Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 11.79
2019-03-31 10.27
2018-12-31 8.74
2018-09-30 8.60
2018-06-30 8.47
2018-03-31 8.80
2017-12-31 9.13
2017-09-30 8.68
2017-06-30 8.24
2017-03-31 7.50
2016-12-31 6.77
2016-09-30 6.56

*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.
  • Ackermans & Van Haaren is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Ackermans & Van Haaren'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 Europe 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.
Ackermans & Van Haaren has a total score of 1/6, 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 Ackermans & Van Haaren 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 Ackermans & Van Haaren's growth in the last year to its industry (Diversified Financial).
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.
  • Ackermans & Van Haaren's year on year earnings growth rate has been positive over the past 5 years.
  • Ackermans & Van Haaren's 1-year earnings growth exceeds its 5-year average (39.3% vs 5.8%)
  • Ackermans & Van Haaren's earnings growth has exceeded the Europe Diversified Financial industry average in the past year (39.3% vs 3.5%).
Earnings and Revenue History
Ackermans & Van Haaren'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 Ackermans & Van Haaren Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:B3K 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 4,397.99 390.92 830.46
2019-03-31 4,434.86 340.28 836.26
2018-12-31 4,471.72 289.64 842.07
2018-09-30 4,402.21 285.16 827.40
2018-06-30 4,332.70 280.69 812.73
2018-03-31 4,148.72 291.61 789.31
2017-12-31 3,964.74 302.53 765.90
2017-09-30 3,937.53 287.78 743.53
2017-06-30 3,910.31 273.04 721.16
2017-03-31 3,784.52 248.64 719.36
2016-12-31 3,658.73 224.24 717.57
2016-09-30 3,639.16 217.20 721.91
2016-06-30 3,619.60 210.17 726.25
2016-03-31 3,819.29 247.70 725.89
2015-12-31 4,018.98 285.22 725.54
2015-09-30 4,040.64 280.89 730.30
2015-06-30 4,062.29 276.56 735.06
2015-03-31 4,113.24 245.10 729.43
2014-12-31 4,164.18 213.65 723.79
2014-09-30 3,292.98 254.77 582.54
2014-06-30 2,421.78 295.89 441.30
2014-03-31 1,473.90 294.90 283.73
2013-12-31 526.03 293.90 126.17
2013-09-30 551.26 244.16 131.57
2013-06-30 576.50 194.43 136.96
2013-03-31 568.95 180.89 127.70
2012-12-31 561.39 167.34 118.44

*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.
  • Ackermans & Van Haaren has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Ackermans & Van Haaren used its assets less efficiently than the DE Diversified Financial industry average last year based on Return on Assets.
  • Ackermans & Van Haaren has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Ackermans & Van Haaren'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 Diversified Financial 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.
Ackermans & Van Haaren has a total score of 4/6, 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 Ackermans & Van Haaren'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 Ackermans & Van Haaren's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Ackermans & Van Haaren's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Ackermans & Van Haaren's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Ackermans & Van Haaren'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 1.8x 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 Ackermans & Van Haaren Company Filings, last reported 3 months ago.

DB:B3K Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 4,449.23 2,745.09 1,504.68
2019-03-31 4,449.23 2,745.09 1,504.68
2018-12-31 4,358.00 2,314.72 1,008.01
2018-09-30 4,358.00 2,314.72 1,008.01
2018-06-30 4,214.33 2,350.23 1,063.20
2018-03-31 4,214.33 2,350.23 1,063.20
2017-12-31 4,195.27 2,119.65 1,104.91
2017-09-30 4,195.27 2,119.65 1,104.91
2017-06-30 3,990.08 2,319.67 1,228.15
2017-03-31 3,990.08 2,319.67 1,228.15
2016-12-31 3,916.35 2,069.73 1,375.72
2016-09-30 3,916.35 2,069.73 1,375.72
2016-06-30 3,824.01 1,959.25 1,230.06
2016-03-31 3,824.01 1,959.25 1,230.06
2015-12-31 3,815.61 1,886.66 1,341.07
2015-09-30 3,815.61 1,886.66 1,341.07
2015-06-30 3,663.27 1,846.48 1,154.10
2015-03-31 3,663.27 1,846.48 1,154.10
2014-12-31 3,469.25 1,821.47 1,556.95
2014-09-30 3,469.25 1,821.47 1,556.95
2014-06-30 3,338.76 1,956.79 1,307.05
2014-03-31 3,338.76 1,956.79 1,307.05
2013-12-31 3,277.36 1,953.65 1,432.27
2013-09-30 3,277.36 1,953.65 1,432.27
2013-06-30 2,608.91 620.32 799.14
2013-03-31 2,608.91 620.32 799.14
2012-12-31 2,514.23 710.77 712.28
  • Ackermans & Van Haaren's level of debt (61.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (58.5% vs 61.7% today).
  • Debt is well covered by operating cash flow (23.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 8x coverage).
X
Financial health checks
We assess Ackermans & Van Haaren'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. Ackermans & Van Haaren has a total score of 3/6, 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 Ackermans & Van Haaren'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
1.67%
Current annual income from Ackermans & Van Haaren dividends. Estimated to be 1.82% next year.
If you bought €2,000 of Ackermans & Van Haaren shares you are expected to receive €33 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?
  • Ackermans & Van Haaren's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.48%).
  • Ackermans & Van Haaren's dividend is below the markets top 25% of dividend payers in Germany (3.96%).
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:B3K Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Europe Diversified Financial Industry Average Dividend Yield Market Cap Weighted Average of 32 Stocks 3.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 337 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 4%

Industry and Market average data is calculated daily.

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

DB:B3K Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 2.64 2.00
2020-12-31 2.53 2.00
2019-12-31 2.42 2.00
2019-10-11
DB:B3K Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-02-28 2.320 1.719
2018-04-03 2.200 1.516
2018-02-28 2.200 1.532
2017-04-20 2.040 1.373
2016-03-31 1.960 1.619
2016-02-26 1.960 1.612
2015-03-27 1.820 1.440
2015-02-27 1.820 1.649
2014-03-28 1.700 1.776
2014-02-28 1.700 1.946
2013-03-08 1.670 2.300
2012-03-05 1.640 2.585
2011-04-19 1.550 2.594
2011-03-18 1.550 2.299
2011-03-03 1.163 1.825
2010-03-05 1.440 2.564
2009-05-18 1.390 2.795
2009-03-02 1.390 3.537

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 Ackermans & Van Haaren's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.2x coverage).
X
Income/ dividend checks
We assess Ackermans & Van Haaren'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 Ackermans & Van Haaren afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ackermans & Van Haaren 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 Ackermans & Van Haaren'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
Jan Suykens
COMPENSATION €0
AGE 59
CEO Bio

Mr. Jan Suykens has been Chairman of the Executive Committee of Ackermans & van Haaren NV since May 23, 2016 and serves as its Member of the Executive Board and Chief Executive Officer. He serves as a Director at Delen Private Bank Luxembourg SA. Mr. Suykens served as the Chief Financial Officer of Ackermans & van Haaren NV. He joined Ackermans & van Haaren in 1990. He worked for Fortis Bank in the Corporate and Investment Banking department. He served as Executive Officer of BNP Paribas Fortis SA/NV. He worked for a number of years at Generale Bank in corporate and investment banking. He serves as the Chairman of Oleon NV (formerly, Oleon Holding NV) and Bank J.Van Breda & C° NV (alternative name Bank J. Van Breda & Co. N.V.). He serves as Chairman of the Board of Directors of Anima Care. He serves as Vice President of the Board of Directors at Bank Delen NV. He serves as the Chairman of Leasinvest Real Estate Management SA - Statutory Manager at Leasinvest Real Estate SCA and has been its Director since June 3, 1999. He served as Vice Chairman of Bank J. Van Breda & Co. N.V. and serves its Director. Mr. Suykens has been a Director of Compagnie d'Entreprises CFE SA since December 24, 2013. He serves as a Director of Extensa Group SA and Rent-A-Port n.v. He was an Independent Director of Brantano N.V. He serves as a Director of ABK Bank CVBA (alternative name Antwerps Beroepskrediet CV), Sofinim NV, Dredging Environmental & Marine Engineering NV, Leasinvest SA and Corelio NV. He serves as a Director of DEME and Van Laere. He served as Director of Solvus Resource Group. He holds a Master's Degree in applied economic sciences from UFSIA in 1982 and earned an MBA from Columbia University in 1984.

CEO Compensation
  • Insufficient data for Jan to compare compensation growth.
  • Jan's remuneration is lower than average for companies of similar size in Germany.
Management Team

Jan Suykens

TITLE
Chairman of the Executive Committee
AGE
59

Tom Bamelis

TITLE
CFO, Financial Director & Member of the Executive Committee
AGE
53

Piet Dejonghe

TITLE
Member of the Executive Committee
AGE
53

Piet Bevernage

TITLE
Secretary General
AGE
51

Koen Janssen

TITLE
Member of the Executive Committee
AGE
49

André-Xavier P. L. Cooreman

TITLE
Member of the Executive Committee
AGE
55

John-Eric Bertrand

TITLE
Member of the Executive Committee
AGE
42

Katia Waegemans

TITLE
Communication & Information Manager

Nele Govaert

TITLE
Legal Counsel
TENURE
1.8 yrs

Anke Jeurissen

TITLE
Legal Counsel
TENURE
0.2 yrs
Board of Directors Tenure

Average tenure and age of the Ackermans & Van Haaren board of directors in years:

11.1
Average Tenure
54.5
Average Age
  • The average tenure for the Ackermans & Van Haaren board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Luc Bertrand

TITLE
Chairman
COMPENSATION
€80K
AGE
68
TENURE
3.4 yrs

Pierre Willaert

TITLE
Non-Executive Director
COMPENSATION
€70K
AGE
60
TENURE
21.8 yrs

Pierre Macharis

TITLE
Non-Executive Director
COMPENSATION
€53K
AGE
57
TENURE
15.8 yrs

Frédéric van Haaren

TITLE
Non Executive Director
COMPENSATION
€50K
AGE
59
TENURE
26.8 yrs

Jacques Delen

TITLE
Non Executive Director
COMPENSATION
€50K
AGE
70
TENURE
27.8 yrs

Thierry van Baren

TITLE
Non-Executive Director
COMPENSATION
€68K
AGE
52
TENURE
13.4 yrs

Julien Pestiaux

TITLE
Independent & Non Executive Director
COMPENSATION
€73K
AGE
40
TENURE
8.8 yrs

Alexia Bertrand

TITLE
Non-Executive Director
COMPENSATION
€50K
AGE
40
TENURE
6.8 yrs

Marion Debruyne

TITLE
Independent & Non-Executive Director
COMPENSATION
€53K
AGE
47
TENURE
3.8 yrs

Victoria Vandeputte

TITLE
Independent Non-Executive Director
COMPENSATION
€23K
AGE
48
TENURE
1.2 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 Ackermans & Van Haaren'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. Ackermans & Van Haaren 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

Ackermans & Van Haaren NV engages in the marine engineering and contracting, private banking, real estate and senior care, and energy and resources businesses worldwide. The company operates through five segments: Marine Engineering & Contracting, Private Banking, Real Estate & Senior Care, Energy & Resources, and AvH & Growth Capital. It engages in the marine construction activities, including dredging and civil works on water, as well as offshore activities in the area of renewable energy, oil and gas, soil and sludge remediation, and aggregate and mineral harvesting; real estate development activities; and development of port projects and port-linked industrial zones, as well as offshore wind farms. The company also offers asset management services for various private clients; advisory banking services for entrepreneurs and liberal professions; and car finance and financial car leasing services through distributors. In addition, it develops residential and mixed projects; invests in retail and office properties; provides accommodation and care for the elderly; and operates retirement homes. Further, the company produces crude palm oil, rubber, banana, and tea products; and manufactures cement, as well as offers advice, automation, and maintenance services for life science, tank terminal, food and beverage, infrastructure, and chemistry markets. Ackermans & Van Haaren NV was founded in 1876 and is headquartered in Antwerp, Belgium.

Details
Name: Ackermans & Van Haaren NV
B3K
Exchange: DB
Founded: 1876
€4,607,731,872
33,125,319
Website: http://www.avh.be
Address: Ackermans & Van Haaren NV
Begijnenvest 113,
Antwerp,
Antwerp, 2000,
Belgium
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTBR ACKB Bearer Shares Euronext Brussels BE EUR 02. Jan 1992
OTCPK AVHN.F Bearer Shares Pink Sheets LLC US USD 02. Jan 1992
DB B3K Bearer Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0GYM Bearer Shares London Stock Exchange GB EUR 02. Jan 1992
WBAG ACKB Bearer Shares Wiener Boerse AG AT EUR 02. Jan 1992
BATS-CHIXE ACKBB Bearer Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
OTCPK AVHN.Y ADR Pink Sheets LLC US USD 16. Oct 2008
Number of employees
Current staff
Staff numbers
22,709
Ackermans & Van Haaren employees.
Industry
Multi-Sector Holdings
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/11 21:34
End of day share price update: 2019/10/11 00:00
Last estimates confirmation: 2019/09/12
Last earnings filing: 2019/08/30
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.