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Ernst Russ

DB:HXCK
Snowflake Description

Undervalued with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HXCK
DB
€17M
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Ernst Russ AG, formerly known as HCI Capital AG, is a principal investment firm specializing in fund of fund investments. The last earnings update was 198 days ago. More info.


Add to Portfolio Compare Print
  • Ernst Russ is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Ernst Russ has significant price volatility in the past 3 months.
HXCK Share Price and Events
7 Day Returns
-1.8%
DB:HXCK
3%
DE Capital Markets
2.2%
DE Market
1 Year Returns
-31.1%
DB:HXCK
-6.9%
DE Capital Markets
-17.2%
DE Market
HXCK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ernst Russ (HXCK) -1.8% -25.2% -29.5% -31.1% -56.1% 34.1%
DE Capital Markets 3% -17.7% -13.1% -6.9% -24.7% -54.9%
DE Market 2.2% -15.7% -24% -17.2% -23.3% -27.8%
1 Year Return vs Industry and Market
  • HXCK underperformed the Capital Markets industry which returned -6.9% over the past year.
  • HXCK underperformed the Market in Germany which returned -17.2% over the past year.
Price Volatility
HXCK
Industry
5yr Volatility vs Market

HXCK Value

 Is Ernst Russ 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 Ernst Russ 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 Ernst Russ.

DB:HXCK 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
= €1.34 * 12.9%
€0.17
Book Value of Equity per Share Median Book Value from the past 5 years. €1.34
Discount Rate (Cost of Equity) See below 8.3%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

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:HXCK
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.753 (1 + (1- 30%) (217.84%))
1.604
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.6
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.604 * 5.44%)
8.33%

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

The calculations below outline how an intrinsic value for Ernst Russ 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:HXCK Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (12.9% – 8.33%) * €1.34)
€0.06
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €0.06 / (8.33% - -0.39%)
€0.70
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €1.34 + €0.70
€2.04
DB:HXCK Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:HXCK represents 1.02803x of XTRA:HXCK
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.02803x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 2.04 x 1.02803
€2.09
Value per share (EUR) From above. €2.09
Current discount Discount to share price of €0.55
= -1 x (€0.55 - €2.09) / €2.09
73.7%

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

Current Discount
Amount off the current price Ernst Russ is available for.
Intrinsic value
>50%
Share price is €0.55 vs Future cash flow value of €2.09
Current Discount Checks
For Ernst Russ to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Ernst Russ's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Ernst Russ's share price is below the future cash flow value, and 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 Ernst Russ's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ernst Russ's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:HXCK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €0.12
XTRA:HXCK Share Price ** XTRA (2020-04-01) in EUR €0.54
Germany Capital Markets Industry PE Ratio Median Figure of 16 Publicly-Listed Capital Markets Companies 22.55x
Germany Market PE Ratio Median Figure of 398 Publicly-Listed Companies 16.76x

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

** Primary Listing of Ernst Russ.

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

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

= 0.54 ÷ 0.12

4.6x

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

  • Ernst Russ is good value based on earnings compared to the DE Capital Markets industry average.
  • Ernst Russ is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Ernst Russ's expected growth come at a high price?
Raw Data
DB:HXCK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.6x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Germany Capital Markets Industry PEG Ratio Median Figure of 6 Publicly-Listed Capital Markets Companies 1.59x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.18x

*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 Ernst Russ, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Ernst Russ's assets?
Raw Data
DB:HXCK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €1.51
XTRA:HXCK Share Price * XTRA (2020-04-01) in EUR €0.54
Germany Capital Markets Industry PB Ratio Median Figure of 31 Publicly-Listed Capital Markets Companies 1.5x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.44x
DB:HXCK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.54 ÷ 1.51

0.35x

* Primary Listing of Ernst Russ.

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

  • Ernst Russ is good value based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess Ernst Russ'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 Capital Markets 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 Capital Markets industry average (and greater than 0)? (1 check)
  5. Ernst Russ has a total score of 5/6, 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.

HXCK Future Performance

 How is Ernst Russ 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 Ernst Russ 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
39.4%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ernst Russ expected to grow at an attractive rate?
  • Unable to compare Ernst Russ's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Ernst Russ's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Ernst Russ's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:HXCK Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 39.4%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 0.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*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:HXCK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (9 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:HXCK Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 46 0 4
2019-03-31 49 0 5
2018-12-31 53 -1 6
2018-09-30 52 -2 5
2018-06-30 51 -3 4
2018-03-31 48 -3 5
2017-12-31 44 -4 6
2017-09-30 44 -3 7
2017-06-30 44 -3 9
2017-03-31 42 1 7
2016-12-31 40 5 6
2016-09-30 34 4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Ernst Russ is high growth as no earnings estimate data is available.
  • Unable to determine if Ernst Russ 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:HXCK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Ernst Russ Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:HXCK Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 0.12
2019-03-31 0.16
2018-12-31 0.19
2018-09-30 0.16
2018-06-30 0.13
2018-03-31 0.15
2017-12-31 0.17
2017-09-30 0.21
2017-06-30 0.25
2017-03-31 0.22
2016-12-31 0.19
2016-09-30 0.12

*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 Ernst Russ will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Ernst Russ is trading at Ernst Russ'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Ernst Russ'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 Diversified Financials companies here
  3. Ernst Russ'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 Ernst Russ'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.
Ernst Russ 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.

HXCK Past Performance

  How has Ernst Russ performed over the past 5 years?

  • Ernst Russ's last earnings update was 198 days ago.
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 Ernst Russ's growth in the last year to its industry (Capital Markets).
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.
  • Ernst Russ has delivered over 20% year on year earnings growth in the past 5 years.
  • Ernst Russ's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Ernst Russ's 1-year earnings growth is negative, it can't be compared to the DE Capital Markets industry average.
Earnings and Revenue History
Ernst Russ'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 Ernst Russ Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:HXCK 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 45.59 3.54 16.01
2019-03-31 49.15 4.88 16.84
2018-12-31 52.71 6.22 17.66
2018-09-30 51.95 5.36 17.40
2018-06-30 51.19 4.50 17.14
2018-03-31 47.62 5.03 19.16
2017-12-31 44.04 5.56 21.18
2017-09-30 43.86 7.04 24.10
2017-06-30 43.68 8.53 27.02
2017-03-31 41.82 7.38 25.00
2016-12-31 39.96 6.23 22.98
2016-09-30 33.87 3.54 18.60
2016-06-30 27.79 0.86 14.22
2016-03-31 24.26 0.92 12.42
2015-12-31 20.72 0.97 10.63
2015-09-30 20.05 3.12 10.84
2015-06-30 19.39 5.26 11.04
2015-03-31 19.54 2.69 11.39
2014-12-31 19.68 0.12 11.75
2014-09-30 21.65 -0.62 12.48
2014-06-30 23.62 -1.35 13.22
2014-03-31 24.69 -0.50 13.72
2013-12-31 25.75 0.36 14.22
2013-09-30 26.64 -4.04 14.96
2013-06-30 27.53 -8.43 15.70

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Ernst Russ has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Ernst Russ used its assets less efficiently than the DE Capital Markets industry average last year based on Return on Assets.
  • Ernst Russ's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Ernst Russ'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 Capital Markets 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.
Ernst Russ 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.

HXCK Health

 How is Ernst Russ'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 Ernst Russ's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Ernst Russ is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Ernst Russ's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Ernst Russ'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 not covered by short term assets, assets are 0.8x 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 Ernst Russ Company Filings, last reported 9 months ago.

DB:HXCK Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 58.46 37.80 8.02
2019-03-31 58.46 37.80 8.02
2018-12-31 51.10 22.32 16.49
2018-09-30 51.10 22.32 16.49
2018-06-30 46.83 26.07 18.00
2018-03-31 46.83 26.07 18.00
2017-12-31 44.86 26.13 17.76
2017-09-30 44.86 26.13 17.76
2017-06-30 41.63 9.30 25.02
2017-03-31 41.63 9.30 25.02
2016-12-31 38.59 12.17 28.27
2016-09-30 38.59 12.17 28.27
2016-06-30 31.61 9.28 12.11
2016-03-31 31.61 9.28 12.11
2015-12-31 21.31 18.59 12.78
2015-09-30 21.31 18.59 12.78
2015-06-30 21.25 18.25 12.00
2015-03-31 21.25 18.25 12.00
2014-12-31 20.29 17.62 20.31
2014-09-30 20.29 17.62 20.31
2014-06-30 15.90 16.93 16.05
2014-03-31 15.90 16.93 16.05
2013-12-31 20.10 16.80 16.72
2013-09-30 20.10 16.80 16.72
2013-06-30 17.28 16.91 13.64
  • Ernst Russ's level of debt (64.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (106.2% vs 64.7% today).
  • Debt is not well covered by operating cash flow (0.5%, less than 20% of total debt).
  • Ernst Russ earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Ernst Russ'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. Ernst Russ 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.

HXCK Dividends

 What is Ernst Russ'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
0%
Current annual income from Ernst Russ dividends.
If you bought €2,000 of Ernst Russ shares you are expected to receive €0 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?
  • Unable to evaluate Ernst Russ's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Ernst Russ's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:HXCK 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 Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 3.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 322 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

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

DB:HXCK Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2009-10-30 0.000 0.000
2009-07-30 0.000 0.000
2009-05-12 0.000 0.000

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

  • Unable to perform a dividend volatility check as Ernst Russ has not reported any payouts.
  • Unable to verify if Ernst Russ's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Ernst Russ's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Ernst Russ has not reported any payouts.
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 Ernst Russ's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Ernst Russ afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ernst Russ has a total score of 0/6, see the detailed checks below.


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

HXCK Management

 What is the CEO of Ernst Russ'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.
  • Ernst Russ has no CEO, or we have no data on them.
Management Team

Robert Gärtner

TITLE
Member of Executive Board
AGE
63
TENURE
1.1 yrs

Axel Kohls

TITLE
Head of Marketing & Corporate Communications

Sven-Erik Horsch

TITLE
Head of Private Equity & Infrastructure
Board of Directors

Alexander Stuhlmann

TITLE
Chairman of Supervisory Board
COMPENSATION
€20K
AGE
71

Jochen Döhle

TITLE
Deputy Chairman of the Supervisory Board
COMPENSATION
€21K

Udo Bandow

TITLE
Honorary Chairman of Supervisory Board
COMPENSATION
€30K
AGE
86

Ingo Kuhlmann

TITLE
Supervisory Board Member
AGE
46
TENURE
0.8 yrs

Robert Lorenz-Meyer

TITLE
Member of Supervisory Board
TENURE
2.8 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 Ernst Russ'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. Ernst Russ 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.

HXCK News

Simply Wall St News

HXCK Company Info

Description

Ernst Russ AG, formerly known as HCI Capital AG, is a principal investment firm specializing in fund of fund investments. It seeks to invest in ship participation, property investment funds, private equity and renewable energy. Within ship participation, the firm invests in part-owning ships and funds for ship participation and dormant investments with conversion options. In property investment funds, it seeks to invest in closed ended property investment funds. Within private equity the firm seeks to invest in private equity and venture capital funds. It also makes real estate investments. Ernst Russ AG was founded in 1985 and is based in Hamburg, Germany.

Details
Name: Ernst Russ AG
HXCK
Exchange: DB
Founded: 1985
€17,352,206
32,434,030
Website: http://www.ernst-russ.de
Address: Ernst Russ AG
Elbchaussee 370,
Hamburg,
Hamburg, 22609,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA HXCK Registered Shares XETRA Trading Platform DE EUR 06. Oct 2005
DB HXCK Registered Shares Deutsche Boerse AG DE EUR 06. Oct 2005
Number of employees
Current staff
Staff numbers
130
Ernst Russ employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/02 01:15
End of day share price update: 2020/04/01 00:00
Last earnings filing: 2019/09/17
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.