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Wendel

DB:WIS
Snowflake Description

Adequate balance sheet with moderate growth potential.

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

Wendel is a private equity firm specializing in equity financing in middle markets and later stages through leveraged buy-out transactions. The last earnings update was 37 days ago. More info.


Add to Portfolio Compare Print
  • Wendel is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
WIS Share Price and Events
7 Day Returns
1.1%
DB:WIS
5%
DE Diversified Financial
2.8%
DE Market
1 Year Returns
7.9%
DB:WIS
1.4%
DE Diversified Financial
3%
DE Market
WIS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Wendel (WIS) 1.1% -0.2% 2.1% 7.9% 20% 51.9%
DE Diversified Financial 5% 7.8% -5% 1.4% 75.8% 333.7%
DE Market 2.8% 0.2% 1.3% 3% 8% 23.6%
1 Year Return vs Industry and Market
  • WIS outperformed the Diversified Financial industry which returned 1.4% over the past year.
  • WIS outperformed the Market in Germany which returned 3% over the past year.
Price Volatility
WIS
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Wendel 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 Wendel 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 Wendel.

DB:WIS 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
= €42.74 * 3.9%
€1.69
Book Value of Equity per Share Weighted future Book Value estimates from 2 analysts. €42.74
Discount Rate (Cost of Equity) See below 8.5%
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:WIS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.7%
Diversified Financial Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.72 (1 + (1- 33%) (132.41%))
1.24
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.24
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.24 * 6.65%)
8.47%

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

The calculations below outline how an intrinsic value for Wendel 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:WIS Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (3.9% – 8.47%) * €42.74)
€-1.93
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €-1.93 / (8.47% - 0.23%)
€-23.45
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €42.74 + €-23.45
€19.28
DB:WIS Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:WIS represents 0.99276x of ENXTPA:MF
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99276x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 19.28 x 0.99276
€19.14
Value per share (EUR) From above. €19.14
Current discount Discount to share price of €123.40
= -1 x (€123.40 - €19.14) / €19.14
-544.6%

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

  • The current share price of Wendel 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 Wendel's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Wendel's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:WIS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €-3.54
ENXTPA:MF Share Price ** ENXTPA (2019-10-11) in EUR €124.3
Germany Diversified Financial Industry PE Ratio Median Figure of 6 Publicly-Listed Diversified Financial Companies 27.82x
Germany Market PE Ratio Median Figure of 417 Publicly-Listed Companies 19.72x

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

** Primary Listing of Wendel.

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

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

= 124.3 ÷ -3.54

-35.09x

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

  • Wendel is loss making, we can't compare its value to the DE Diversified Financial industry average.
  • Wendel is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Wendel's expected growth come at a high price?
Raw Data
DB:WIS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -35.09x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
67.3%per year
Europe Diversified Financial Industry PEG Ratio Median Figure of 13 Publicly-Listed Diversified Financial Companies 1.81x
Germany Market PEG Ratio Median Figure of 265 Publicly-Listed Companies 1.39x

*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 Wendel, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Wendel's assets?
Raw Data
DB:WIS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €43.50
ENXTPA:MF Share Price * ENXTPA (2019-10-11) in EUR €124.3
Germany Diversified Financial Industry PB Ratio Median Figure of 9 Publicly-Listed Diversified Financial Companies 3.77x
Germany Market PB Ratio Median Figure of 598 Publicly-Listed Companies 1.74x
DB:WIS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 124.3 ÷ 43.50

2.86x

* Primary Listing of Wendel.

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

  • Wendel is good value based on assets compared to the DE Diversified Financial industry average.
X
Value checks
We assess Wendel'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. Wendel has a total score of 1/6, 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 Wendel expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

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

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
67.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Wendel expected to grow at an attractive rate?
  • Wendel's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Wendel's earnings growth is expected to exceed the Germany market average.
  • Wendel's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:WIS Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:WIS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 67.3%
DB:WIS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 4.5%
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 12.8%
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:WIS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:WIS Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 9,561 848 195 2
2020-12-31 9,054 712 206 3
2019-12-31 8,732 656 120 4
2019-10-13
DB:WIS Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 8,502 1,251 -165
2019-03-31 8,445 1,231 -145
2018-12-31 8,389 1,211 -126
2018-09-30 8,269 1,134 -151
2018-06-30 8,175 1,056 -176
2018-03-31 8,125 1,082 -162
2017-12-31 8,076 1,108 -148
2017-09-30 8,010 1,187 -70
2017-06-30 7,944 1,267 8
2017-03-31 7,813 1,301 -247
2016-12-31 7,683 1,336 -502

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Wendel's earnings are expected to grow significantly at over 20% yearly.
  • Wendel's revenue is expected to grow by 4.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:WIS 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 4 Analyst Estimates (S&P Global) See Below

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

DB:WIS Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 3.54 4.27 2.81 2.00
2020-12-31 3.73 4.82 2.53 3.00
2019-12-31 2.45 2.93 2.11 3.00
2019-10-13
DB:WIS Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 -3.54
2019-03-31 -3.17
2018-12-31 -2.78
2018-09-30 -3.33
2018-06-30 -3.87
2018-03-31 -3.57
2017-12-31 -3.27
2017-09-30 -1.54
2017-06-30 0.18
2017-03-31 -5.43
2016-12-31 -11.03

*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.
  • Wendel is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Wendel'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.
Wendel has a total score of 3/6, 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 Wendel 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 Wendel'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.
  • Wendel does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Wendel's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Wendel's 1-year growth to the Europe Diversified Financial industry average as it is not currently profitable.
Earnings and Revenue History
Wendel'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 Wendel Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:WIS 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 8,501.60 -164.60
2019-03-31 8,445.40 -145.45
2018-12-31 8,389.20 -126.30
2018-09-30 8,268.95 -151.20
2018-06-30 8,174.60 -175.50
2018-03-31 8,125.20 -161.85
2017-12-31 8,075.80 -148.20
2017-09-30 8,009.85 -70.10
2017-06-30 7,943.90 8.00
2017-03-31 7,813.30 -247.00
2016-12-31 7,682.70 -502.00
2016-06-30 7,870.20 -658.20
2016-03-31 7,776.80 -406.25
2015-12-31 7,683.40 -154.30
2015-06-30 6,390.30 -72.70
2015-03-31 5,982.40 -216.00
2014-12-31 5,574.50 -359.30
2014-09-30 5,560.65 -319.00
2014-06-30 5,546.80 -278.70
2014-03-31 5,499.85 1.25
2013-12-31 5,452.90 281.20
2013-09-30 5,612.30 30.40
2013-06-30 5,771.70 -220.40
2013-03-31 6,055.15 -360.30
2012-12-31 6,338.60 -500.20

*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.
  • Wendel has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Wendel used its assets less efficiently than the DE Diversified Financial industry average last year based on Return on Assets.
  • It is difficult to establish if Wendel improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Wendel'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.
Wendel has a total score of 0/6, 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 Wendel'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 Wendel's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Wendel is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Wendel's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Wendel'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.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.9x 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 Wendel Company Filings, last reported 3 months ago.

DB:WIS Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 3,151.30 6,750.60 2,891.70
2019-03-31 3,151.30 6,750.60 2,891.70
2018-12-31 3,306.40 7,299.60 3,397.10
2018-09-30 3,306.40 7,299.60 3,397.10
2018-06-30 2,977.90 6,909.60 1,733.30
2018-03-31 2,977.90 6,909.60 1,733.30
2017-12-31 3,256.70 7,128.90 2,316.00
2017-09-30 3,256.70 7,128.90 2,316.00
2017-06-30 3,137.10 8,469.30 2,980.10
2017-03-31 3,137.10 8,469.30 2,980.10
2016-12-31 3,297.10 8,944.90 2,988.50
2016-06-30 3,282.40 8,225.60 2,013.40
2016-03-31 3,282.40 8,225.60 2,013.40
2015-12-31 3,954.50 9,579.70 1,590.40
2015-06-30 4,310.40 9,249.70 1,987.10
2015-03-31 4,310.40 9,249.70 1,987.10
2014-12-31 3,092.40 7,082.00 1,592.30
2014-09-30 3,092.40 7,082.00 1,592.30
2014-06-30 3,075.80 7,313.10 1,775.00
2014-03-31 3,075.80 7,313.10 1,775.00
2013-12-31 3,057.60 7,874.50 1,112.30
2013-09-30 3,057.60 7,874.50 1,112.30
2013-06-30 3,316.00 8,392.20 1,710.10
2013-03-31 3,316.00 8,392.20 1,710.10
2012-12-31 3,292.30 8,085.90 1,298.30
  • Wendel's level of debt (214.2%) 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 (237.1% vs 214.2% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Wendel has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Wendel has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 1.7% per year.
X
Financial health checks
We assess Wendel'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. Wendel has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is Wendel'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
2.25%
Current annual income from Wendel dividends. Estimated to be 2.6% next year.
If you bought €2,000 of Wendel shares you are expected to receive €45 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?
  • Wendel's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • Wendel's dividend is below the markets top 25% of dividend payers in Germany (3.86%).
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:WIS 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 4 Analyst Estimates (S&P Global) See Below
Europe Diversified Financial Industry Average Dividend Yield Market Cap Weighted Average of 32 Stocks 3.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 337 Stocks 3.1%
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 3.9%

Industry and Market average data is calculated daily.

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

DB:WIS Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 3.63 4.00
2020-12-31 3.20 5.00
2019-12-31 3.00 6.00
2019-10-13
DB:WIS Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-04-18 2.800 2.308
2018-04-27 2.650 2.295
2017-05-23 2.350 1.725
2015-06-10 2.000 1.953
2014-04-22 1.850 1.845
2014-03-27 1.850 1.671
2013-04-09 1.750 1.847
2012-03-30 1.300 1.973
2011-04-08 1.250 2.062
2010-03-30 1.000 1.867
2010-03-29 1.000 2.217
2009-03-26 1.000 3.025
2009-03-02 1.000 5.429

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 Wendel's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
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 Wendel'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 Wendel afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Wendel has a total score of 3/6, 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 Wendel'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
André François-Poncet
COMPENSATION €4,589,915
AGE 60
TENURE AS CEO 1.8 years
CEO Bio

Mr. André François-Poncet is the Vice Chairman of the Board of Bureau Veritas S.A. since January 2018. Mr. François-Poncet served as a Partner of CIAM investment company since September 2016 until November 2017. He served as the Chairman and Chief Executive Officer of LMBO Europe SAS and Director of Medica. He serves as the Chairman of the Executive Board and Group CEO at Wendel since joining the firm in January 1, 2018. He has been the Chairman and Director of Trief Corporation SA and Director of Winvest Conseil SA. He has been Chairman and Director of Harvard Business School Club of France, Member of the bureau of Club des Trente and Member of the European Advisory Board of Harvard Business School from December 31, 2017. He has been Independent Director of AXA SA since December 14, 2016. Mr. François-Poncet served as Senior Advisor at BC Partners from 2015 until December 2015. Mr. François-Poncet joined BC Partners in 2000 as Managing Partner, where he remained until December 2014 and sourced and led several investments. He served as Managing Partner of B.C. Partners, SARL. Previously, he served as the Managing Director at Morgan Stanley Dean Witter (MSDW) and was a Co-Head of its French business after opening its Paris office in 1987. He served as a Managing Director of Morgan Stanley. Mr. Francois-Poncet spent 16 years at MSDW where he initiated and executed a broad variety of capital markets, mergers and acquisitions and other advisory assignments for clients across many industries. Under Mr. François-Poncet's leadership, MSDW attained a good position in the French mergers and acquisitions market in 1997 and 1999. He began his career in 1984 at Morgan Stanley. He served as a Director of Médica France, S.A. Mr. François-Poncet holds an M.B.A. from Harvard Business School and a Master’s degree in Business Administration from the Ecole des Hautes Etudes Commerciales (HEC).

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

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

4
Average Tenure
54
Average Age
  • The tenure for the Wendel management team is about average.
Management Team

André François-Poncet

TITLE
Chairman of the Executive Board & Group CEO
COMPENSATION
€5M
AGE
60
TENURE
1.8 yrs

Guylaine Saucier

TITLE
Member of Supervisory Board
COMPENSATION
€120K
AGE
73

Jacqueline Tammenoms Bakker

TITLE
Member of Supervisory Board
COMPENSATION
€97K
AGE
66

Jérôme Michiels

TITLE
Executive VP
AGE
44
TENURE
4 yrs

David Darmon

TITLE
Deputy CEO & Member of Executive Board
AGE
44
TENURE
0.1 yrs

Ouarda Bekhouche-Qassid

TITLE
Accounting Manager

Elisa Muntean

TITLE
Investor Relations

Caroline Bertin Delacour

TITLE
General Counsel & Group Chief Compliance Officer

Christine Anglade-Pirzadeh

TITLE
Director of Communications & Sustainable Development and Secretary of the Executive Board
AGE
48
TENURE
8 yrs

Marie-Hélène Dorat

TITLE
Director of Human Resources
TENURE
9.3 yrs
Board of Directors Tenure

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

6.4
Average Tenure
66
Average Age
  • The tenure for the Wendel board of directors is about average.
Board of Directors

Nicolas ver Hulst

TITLE
Chairman of the Supervisory Board
COMPENSATION
€243K
AGE
66
TENURE
1.4 yrs

Gervais Gilles Pellissier

TITLE
Vice-Chairman of the Supervisory Board & Lead Member of the Supervisory Board
COMPENSATION
€70K
AGE
60
TENURE
1.4 yrs

Olivier Legrain

TITLE
Chairman of Materis Paints
AGE
67

Guylaine Saucier

TITLE
Member of Supervisory Board
COMPENSATION
€120K
AGE
73
TENURE
9.3 yrs

Jacqueline Tammenoms Bakker

TITLE
Member of Supervisory Board
COMPENSATION
€97K
AGE
66
TENURE
4.3 yrs

Sophie Parise

TITLE
Employee Representative Member of Supervisory Board & Tax Manager
AGE
41
TENURE
1.1 yrs

François de Wendel

TITLE
Member of Supervisory Board
COMPENSATION
€125K
AGE
70
TENURE
14.4 yrs

Édouard de L'Espée

TITLE
Member of Supervisory Board
COMPENSATION
€80K
AGE
71
TENURE
15.1 yrs

Humbert de Wendel

TITLE
Member of Supervisory Board
COMPENSATION
€80K
AGE
63
TENURE
8.4 yrs

Bénédicte Coste

TITLE
Member of Supervisory Board
COMPENSATION
€80K
AGE
62
TENURE
6.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Wendel'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. Wendel 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

Wendel is a private equity firm specializing in equity financing in middle markets and later stages through leveraged buy-out transactions. It invests in both listed and non-listed companies. The firm seeks to invest in United States, Canada, Africa, Europe, and European Developed Markets. It invests between €250 million ($305.51 million) and €500 million ($611.03 million) in companies. It prefers to take a majority stake in its portfolio companies. The firm seeks to take a seat on the board of directors or supervisory board of its portfolio companies. It makes balance sheet investments. Wendel was founded in 1704 and is headquartered in Paris, France with additional offices across Asia, North America, United Kingdom, Africa, and Europe.

Details
Name: Wendel
WIS
Exchange: DB
Founded: 1704
€5,492,884,370
44,190,542
Website: http://www.wendelgroup.com
Address: Wendel
89 rue Taitbout,
Cedex 09,
Paris,
Ile-de-France, 75312,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA MF Common Shares Euronext Paris FR EUR 02. Jan 1992
OTCPK WNDL.F Common Shares Pink Sheets LLC US USD 02. Jan 1992
DB WIS Common Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0HZD Common Shares London Stock Exchange GB EUR 02. Jan 1992
BATS-CHIXE MFP Common Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
126,362
Wendel employees.
Industry
Multi-Sector Holdings
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/13 21:34
End of day share price update: 2019/10/11 00:00
Last estimates confirmation: 2019/09/18
Last earnings filing: 2019/09/06
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.