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Park & Bellheimer

DB:PKB
Snowflake Description

Good value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PKB
DB
€9M
Market Cap
  1. Home
  2. DE
  3. Food, Beverage & Tobacco
Company description

Park & Bellheimer AG manufactures and sells beverages primarily in Germany. The last earnings update was 58 days ago. More info.


Add to Portfolio Compare Print
PKB Share Price and Events
7 Day Returns
0.5%
DB:PKB
-0.5%
DE Beverage
2.8%
DE Market
1 Year Returns
-7.5%
DB:PKB
5.6%
DE Beverage
3%
DE Market
PKB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Park & Bellheimer (PKB) 0.5% -8% 2.2% -7.5% 14.9% 34.4%
DE Beverage -0.5% 2.4% -0.7% 5.6% 30% 68%
DE Market 2.8% 0.2% 1.3% 3% 8% 23.6%
1 Year Return vs Industry and Market
  • PKB underperformed the Beverage industry which returned 5.6% over the past year.
  • PKB underperformed the Market in Germany which returned 3% over the past year.

Value

 Is Park & Bellheimer 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 Park & Bellheimer 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 Park & Bellheimer.

DB:PKB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 5.1%
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:PKB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Beverage Unlevered Beta Simply Wall St/ S&P Global 0.51
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.508 (1 + (1- 30%) (64.93%))
0.825
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.82
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.825 * 5.96%)
5.14%

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

The calculations below outline how an intrinsic value for Park & Bellheimer is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:PKB DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 5.14%)
2020 0.38 Est @ 52.41% 0.36
2021 0.51 Est @ 36.75% 0.47
2022 0.65 Est @ 25.8% 0.56
2023 0.76 Est @ 18.13% 0.63
2024 0.86 Est @ 12.76% 0.67
2025 0.94 Est @ 9% 0.70
2026 1.00 Est @ 6.37% 0.70
2027 1.04 Est @ 4.53% 0.70
2028 1.08 Est @ 3.24% 0.69
2029 1.10 Est @ 2.33% 0.67
Present value of next 10 years cash flows €6.00
DB:PKB DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €1.10 × (1 + 0.23%) ÷ (5.14% – 0.23%)
€22.50
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €22.50 ÷ (1 + 5.14%)10
€13.63
DB:PKB Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €6.00 + €13.63
€19.63
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €19.63 / 5.00
€3.93
DB:PKB Discount to Share Price
Calculation Result
Value per share (EUR) From above. €3.93
Current discount Discount to share price of €1.84
= -1 x (€1.84 - €3.93) / €3.93
53.1%

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

Current Discount
Amount off the current price Park & Bellheimer is available for.
Intrinsic value
>50%
Share price is €1.84 vs Future cash flow value of €3.93
Current Discount Checks
For Park & Bellheimer to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Park & Bellheimer's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Park & Bellheimer'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 Park & Bellheimer's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Park & Bellheimer's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:PKB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €0.07
DB:PKB Share Price ** DB (2019-10-11) in EUR €1.84
Germany Beverage Industry PE Ratio Median Figure of 7 Publicly-Listed Beverage Companies 27.57x
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 Park & Bellheimer.

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

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

= 1.84 ÷ 0.07

27.57x

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

  • Park & Bellheimer is good value based on earnings compared to the DE Beverage industry average.
  • Park & Bellheimer is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Park & Bellheimer's expected growth come at a high price?
Raw Data
DB:PKB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 27.57x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
22.4%per year
Europe Beverage Industry PEG Ratio Median Figure of 31 Publicly-Listed Beverage Companies 2.84x
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 Park & Bellheimer, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Park & Bellheimer's assets?
Raw Data
DB:PKB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €1.91
DB:PKB Share Price * DB (2019-10-11) in EUR €1.84
Germany Beverage Industry PB Ratio Median Figure of 8 Publicly-Listed Beverage Companies 1.56x
Germany Market PB Ratio Median Figure of 598 Publicly-Listed Companies 1.74x
DB:PKB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1.84 ÷ 1.91

0.96x

* Primary Listing of Park & Bellheimer.

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

  • Park & Bellheimer is good value based on assets compared to the DE Beverage industry average.
X
Value checks
We assess Park & Bellheimer'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 Beverage 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 Beverage industry average (and greater than 0)? (1 check)
  5. Park & Bellheimer has a total score of 4/6, 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 Park & Bellheimer expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Park & Bellheimer, future earnings growth has been estimated based on fundamentals.
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
22.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Park & Bellheimer expected to grow at an attractive rate?
  • Park & Bellheimer's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Park & Bellheimer's earnings growth is expected to exceed the Germany market average.
  • Unable to compare Park & Bellheimer's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:PKB Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:PKB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 22.4%
Germany Beverage Industry Earnings Growth Rate Market Cap Weighted Average -0.6%
Europe Beverage Industry Revenue Growth Rate Market Cap Weighted Average 4.5%
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:PKB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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:PKB Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 21 4 0
2019-03-31 21 4 0
2018-12-31 21 4 0
2018-09-30 20 3 0
2018-06-30 19 3 0
2018-03-31 19 2 0
2017-12-31 19 2 0
2017-09-30 19 2 0
2017-06-30 19 3 0
2017-03-31 19 2 0
2016-12-31 19 2 0
2016-09-30 19 2 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Park & Bellheimer's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Park & Bellheimer 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:PKB 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 0 Analyst Estimates (S&P Global) See Below

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

DB:PKB Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 0.07
2019-03-31 0.07
2018-12-31 0.08
2018-09-30 0.08
2018-06-30 0.08
2018-03-31 0.05
2017-12-31 0.02
2017-09-30 0.03
2017-06-30 0.04
2017-03-31 0.03
2016-12-31 0.02
2016-09-30 0.03

*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.
  • Unable to establish if Park & Bellheimer will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Park & Bellheimer'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.
Park & Bellheimer 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 Park & Bellheimer 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 Park & Bellheimer's growth in the last year to its industry (Beverage).
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.
  • Park & Bellheimer has delivered over 20% year on year earnings growth in the past 5 years.
  • Park & Bellheimer's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Park & Bellheimer's 1-year earnings growth is negative, it can't be compared to the DE Beverage industry average.
Earnings and Revenue History
Park & Bellheimer'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 Park & Bellheimer Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PKB 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 20.97 0.34 8.63
2019-03-31 20.87 0.38 8.57
2018-12-31 20.77 0.41 8.51
2018-09-30 20.12 0.40 8.40
2018-06-30 19.47 0.39 8.29
2018-03-31 19.22 0.26 8.30
2017-12-31 18.98 0.12 8.32
2017-09-30 19.07 0.15 8.30
2017-06-30 19.16 0.19 8.29
2017-03-31 18.95 0.16 8.32
2016-12-31 18.73 0.12 8.36
2016-09-30 18.66 0.14 8.36
2016-06-30 18.59 0.16 8.36
2016-03-31 18.55 0.15 8.33
2015-12-31 18.50 0.13 8.31
2015-09-30 18.35 0.06 8.15
2015-06-30 18.19 -0.02 8.00
2015-03-31 18.22 0.05 7.90
2014-12-31 18.26 0.12 7.80
2014-09-30 18.20 0.17 7.73
2014-06-30 18.15 0.23 7.67
2014-03-31 17.81 0.17 7.63
2013-12-31 17.47 0.12 7.60
2013-09-30 17.31 0.24 7.61
2013-06-30 17.15 0.36 7.63
2013-03-31 17.21 0.38 7.62
2012-12-31 17.27 0.41 7.61

*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.
  • Park & Bellheimer has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Park & Bellheimer used its assets less efficiently than the DE Beverage industry average last year based on Return on Assets.
  • Park & Bellheimer has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Park & Bellheimer'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 Beverage 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.
Park & Bellheimer has a total score of 2/6, 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 Park & Bellheimer'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 Park & Bellheimer's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Park & Bellheimer's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Park & Bellheimer's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Park & Bellheimer'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 1.3x 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 Park & Bellheimer Company Filings, last reported 3 months ago.

DB:PKB Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 9.84 5.24 0.71
2019-03-31 9.84 5.24 0.71
2018-12-31 9.42 4.76 1.92
2018-09-30 9.42 4.76 1.92
2018-06-30 9.47 5.26 2.58
2018-03-31 9.47 5.26 2.58
2017-12-31 8.99 4.23 1.10
2017-09-30 8.99 4.23 1.10
2017-06-30 9.04 4.62 1.86
2017-03-31 9.04 4.62 1.86
2016-12-31 8.84 5.04 2.15
2016-09-30 8.84 5.04 2.15
2016-06-30 8.87 5.70 1.56
2016-03-31 8.87 5.70 1.56
2015-12-31 8.73 4.33 1.46
2015-09-30 8.73 4.33 1.46
2015-06-30 8.62 4.06 0.98
2015-03-31 8.62 4.06 0.98
2014-12-31 8.51 4.38 1.61
2014-09-30 8.51 4.38 1.61
2014-06-30 8.73 3.71 1.84
2014-03-31 8.73 3.71 1.84
2013-12-31 8.48 3.94 2.83
2013-09-30 8.48 3.94 2.83
2013-06-30 8.53 4.18 2.73
2013-03-31 8.53 4.18 2.73
2012-12-31 8.39 4.42 3.68
  • Park & Bellheimer's level of debt (53.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (42.6% vs 53.3% today).
  • Debt is well covered by operating cash flow (76.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.3x coverage).
X
Financial health checks
We assess Park & Bellheimer'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. Park & Bellheimer has a total score of 2/6, 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 Park & Bellheimer'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 Park & Bellheimer dividends.
If you bought €2,000 of Park & Bellheimer 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 Park & Bellheimer's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Park & Bellheimer'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:PKB 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 Beverage Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 1.8%
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.

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

  • Unable to perform a dividend volatility check as Park & Bellheimer has not reported any payouts.
  • Unable to verify if Park & Bellheimer's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Park & Bellheimer's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Park & Bellheimer 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 Park & Bellheimer'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 Park & Bellheimer afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Park & Bellheimer 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.

Management

 What is the CEO of Park & Bellheimer'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.
  • Park & Bellheimer has no CEO, or we have no data on them.
Management Team

Roald Pauli

TITLE
Sole Member of the Management Board
COMPENSATION
€84K
Board of Directors

Michael Kranich

TITLE
Chairman of the Supervisory Board
COMPENSATION
€10K
AGE
55

Eric Schäffer

TITLE
Vice-Chairman of the Supervisory Board
COMPENSATION
€8K

Bernhard Matheis

TITLE
Member of Supervisory Board
COMPENSATION
€5K

Fritz Brechtel

TITLE
Member of Supervisory Board
COMPENSATION
€5K

Andreas Kurz

TITLE
Employee Representative Member of Supervisory Board
COMPENSATION
€5K

Klaus Haag

TITLE
Employee Representative Member of the Supervisory Board
TENURE
0.3 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 Park & Bellheimer'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. Park & Bellheimer 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

Why Park & Bellheimer AG (FRA:PKB) Could Be Your Next Investment

By this I mean, I look at stocks holistically, from their financial health to their future outlook. … If you're interested in understanding beyond my broad commentary, take a look at the report on Park & Bellheimer here. … DB:PKB Income Statement, August 27th 2019 Next Steps: For Park & Bellheimer, I've compiled three key aspects you should further examine: Future Outlook: What are well-informed industry analysts predicting for PKB’s future growth?

Simply Wall St -

Do Insiders Own Lots Of Shares In Park & Bellheimer AG (FRA:PKB)?

With a market capitalization of €10m, Park & Bellheimer is a small cap stock, so it might not be well known by many institutional investors. … View our latest analysis for Park & Bellheimer DB:PKB Ownership Summary, August 14th 2019 What Does The Lack Of Institutional Ownership Tell Us About Park & Bellheimer? … Insider Ownership Of Park & Bellheimer The definition of an insider can differ slightly between different countries, but members of the board of directors always count.

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Should Park & Bellheimer (FRA:PKB) Be Disappointed With Their 43% Profit?

For example, long term Park & Bellheimer AG (FRA:PKB) shareholders have enjoyed a 43% share price rise over the last half decade, well in excess of the market return of around 17% (not including dividends). … See our latest analysis for Park & Bellheimer To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. … During five years of share price growth, Park & Bellheimer achieved compound earnings per share (EPS) growth of 29% per year.

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Is Park & Bellheimer AG's (FRA:PKB) P/E Ratio Really That Good?

We'll show how you can use Park & Bellheimer AG's (FRA:PKB) P/E ratio to inform your assessment of the investment opportunity. … The formula for price to earnings is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Park & Bellheimer: P/E of 21.73 = €1.8 ÷ €0.083 (Based on the year to December 2018.) Is A High Price-to-Earnings Ratio Good? … The Verdict On Park & Bellheimer's P/E Ratio Park & Bellheimer trades on a P/E ratio of 21.7, which is above its market average of 19.7.

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Examining Park & Bellheimer AG’s (FRA:PKB) Weak Return On Capital Employed

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Park & Bellheimer: 0.035 = €664k ÷ (€26m - €6.5m) (Based on the trailing twelve months to June 2018.) Therefore, Park & Bellheimer has an ROCE of 3.5%. … Check out our latest analysis for Park & Bellheimer Is Park & Bellheimer's ROCE Good? … What Are Current Liabilities, And How Do They Affect Park & Bellheimer's ROCE?

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Here's Why We Think Park & Bellheimer (FRA:PKB) Is Well Worth Watching

So if you're like me, you might be more interested in profitable, growing companies, like Park & Bellheimer (FRA:PKB). … View our latest analysis for Park & Bellheimer Park & Bellheimer's Earnings Per Share Are Growing. … Park & Bellheimer's earnings per share growth has been so hot recently that thinking about it is making me blush.

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Is Park & Bellheimer AG (FRA:PKB) A Financially Sound Company?

Park & Bellheimer AG (FRA:PKB) is a small-cap stock with a market capitalization of €9.1m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Assessing first and foremost the financial health is

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Could The Park & Bellheimer AG (FRA:PKB) Ownership Structure Tell Us Something Useful?

Every investor in Park & Bellheimer AG (FRA:PKB) should be aware of the most powerful shareholder groups. … Park & Bellheimer is a smaller company with a market capitalization of €9.3m, so it may still be flying under the radar of many institutional investors. … See our latest analysis for Park & Bellheimer

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Here’s why Park & Bellheimer AG’s (FRA:PKB) Returns On Capital Matters So Much

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Return On Capital Employed (ROCE): What is it? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

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Do Insiders Own Shares In Park & Bellheimer AG (FRA:PKB)?

Every investor in Park & Bellheimer AG (FRA:PKB) should be aware of the most powerful shareholder groups. … Park & Bellheimer is a smaller company with a market capitalization of €10.0m, so it may still be flying under the radar of many institutional investors. … Taking a look at the our data on the ownership groups (below), it's seems that.

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Company Info

Description

Park & Bellheimer AG manufactures and sells beverages primarily in Germany. It offers beers, soft drinks, and mineral water under the Park, Bellheimer, Valentins Weissbier, Rheingönheimer, and Bellaris brand names. The company was formerly known as Parkbrauerei AG Pirmasens-Zweibrücken and changed its name to Park & Bellheimer AG in 1995. Park & Bellheimer AG was incorporated in 1888 and is headquartered in Pirmasens, Germany.

Details
Name: Park & Bellheimer AG
PKB
Exchange: DB
Founded: 1888
€9,200,000
5,000,000
Website: http://www.park-bellheimer.de
Address: Park & Bellheimer AG
Zweibrücker Strasse 4,
Pirmasens,
Rhineland-Palatinate, 66953,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
DB PKB Common Shares Deutsche Boerse AG DE EUR 03. Jan 1992
Number of employees
Current staff
Staff numbers
140
Park & Bellheimer employees.
Industry
Brewers
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/13 21:03
End of day share price update: 2019/10/11 00:00
Last earnings filing: 2019/08/16
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.