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AS Latvijas balzams

MUN:UM9
Snowflake Description

Flawless balance sheet and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
UM9
MUN
€82M
Market Cap
  1. Home
  2. DE
  3. Food, Beverage & Tobacco
Company description

AS Latvijas balzams engages in the production and sale of alcoholic beverages in Latvia. The last earnings update was 82 days ago. More info.


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UM9 Share Price and Events
7 Day Returns
3%
MUN:UM9
1%
DE Beverage
-0.5%
DE Market
1 Year Returns
21.6%
MUN:UM9
11.3%
DE Beverage
12.2%
DE Market
UM9 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
AS Latvijas balzams (UM9) 3% 5.1% 6.7% 21.6% 40.8% 201.6%
DE Beverage 1% -0.7% 1.3% 11.3% 42.6% 69.1%
DE Market -0.5% 4.4% 11.1% 12.2% 13.8% 16.6%
1 Year Return vs Industry and Market
  • UM9 outperformed the Beverage industry which returned 11.3% over the past year.
  • UM9 outperformed the Market in Germany which returned 12.2% over the past year.
Price Volatility
UM9
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for AS Latvijas balzams's competitors could be found in our database.

UM9 Value

 Is AS Latvijas balzams 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 AS Latvijas balzams 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 AS Latvijas balzams.

MUN:UM9 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%
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 MUN:UM9
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 0.5
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.504 (1 + (1- 20%) (7.72%))
0.688
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.8 * 5.96%)
5%

Discounted Cash Flow Calculation for MUN:UM9 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for AS Latvijas balzams 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.

MUN:UM9 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 5%)
2020 39.56 Est @ 102.4% 37.68
2021 67.94 Est @ 71.75% 61.63
2022 102.11 Est @ 50.29% 88.22
2023 138.13 Est @ 35.27% 113.65
2024 172.33 Est @ 24.76% 135.05
2025 202.31 Est @ 17.4% 151.00
2026 227.09 Est @ 12.25% 161.43
2027 246.71 Est @ 8.64% 167.04
2028 261.81 Est @ 6.12% 168.82
2029 273.20 Est @ 4.35% 167.78
Present value of next 10 years cash flows €1,252.00
MUN:UM9 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €273.20 × (1 + 0.23%) ÷ (5% – 0.23%)
€5,742.84
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €5,742.84 ÷ (1 + 5%)10
€3,526.95
MUN:UM9 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €1,252.00 + €3,526.95
€4,778.95
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €4,778.95 / 7.50
€637.46
MUN:UM9 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in MUN:UM9 represents 0.94546x of RISE:BAL1R
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.94546x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 637.46 x 0.94546
€602.69
Value per share (EUR) From above. €602.69
Current discount Discount to share price of €10.40
= -1 x (€10.40 - €602.69) / €602.69
98.3%

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

Current Discount
Amount off the current price AS Latvijas balzams is available for.
Intrinsic value
>50%
Share price is €10.4 vs Future cash flow value of €602.69
Current Discount Checks
For AS Latvijas balzams to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • AS Latvijas balzams's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • AS Latvijas balzams'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 AS Latvijas balzams's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are AS Latvijas balzams's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
MUN:UM9 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €1.25
RISE:BAL1R Share Price ** RISE (2019-11-20) in EUR €11
Germany Beverage Industry PE Ratio Median Figure of 7 Publicly-Listed Beverage Companies 27.72x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 19.86x

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

** Primary Listing of AS Latvijas balzams.

MUN:UM9 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= RISE:BAL1R Share Price ÷ EPS (both in EUR)

= 11 ÷ 1.25

8.78x

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

  • AS Latvijas balzams is good value based on earnings compared to the DE Beverage industry average.
  • AS Latvijas balzams is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does AS Latvijas balzams's expected growth come at a high price?
Raw Data
MUN:UM9 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.78x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Beverage Industry PEG Ratio Median Figure of 31 Publicly-Listed Beverage Companies 2.82x
Germany Market PEG Ratio Median Figure of 259 Publicly-Listed Companies 1.37x

*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 AS Latvijas balzams, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on AS Latvijas balzams's assets?
Raw Data
MUN:UM9 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €15.22
RISE:BAL1R Share Price * RISE (2019-11-20) in EUR €11
Germany Beverage Industry PB Ratio Median Figure of 7 Publicly-Listed Beverage Companies 2.17x
Germany Market PB Ratio Median Figure of 578 Publicly-Listed Companies 1.87x
MUN:UM9 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= RISE:BAL1R Share Price ÷ Book Value per Share (both in EUR)

= 11 ÷ 15.22

0.72x

* Primary Listing of AS Latvijas balzams.

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

  • AS Latvijas balzams is good value based on assets compared to the DE Beverage industry average.
X
Value checks
We assess AS Latvijas balzams'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. AS Latvijas balzams 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.

UM9 Future Performance

 How is AS Latvijas balzams 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 AS Latvijas balzams 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
7.2%
Expected Beverage industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is AS Latvijas balzams expected to grow at an attractive rate?
  • Unable to compare AS Latvijas balzams's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare AS Latvijas balzams's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare AS Latvijas balzams's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
MUN:UM9 Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Beverage Industry Earnings Growth Rate Market Cap Weighted Average 7.2%
Europe Beverage Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.9%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
MUN:UM9 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
MUN:UM9 Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 77 22 10
2019-03-31 76 9 10
2018-12-31 75 8 9
2018-09-30 73 22 9
2018-06-30 75 3 9
2018-03-31 76 17 8
2017-12-31 78 12 9
2017-09-30 77 -1 7
2017-06-30 77 1 7
2017-03-31 77 2 7
2016-12-31 76 3 8
2016-09-30 73 5 7

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if AS Latvijas balzams is high growth as no earnings estimate data is available.
  • Unable to determine if AS Latvijas balzams 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
MUN:UM9 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

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

MUN:UM9 Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30
2019-03-31
2018-12-31 1.25
2018-09-30
2018-06-30
2018-03-31
2017-12-31 1.15
2017-09-30
2017-06-30
2017-03-31
2016-12-31 1.00
2016-09-30

*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 AS Latvijas balzams will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether AS Latvijas balzams is trading at AS Latvijas balzams'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. AS Latvijas balzams'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 Food, Beverage & Tobacco companies here
  3. AS Latvijas balzams'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 AS Latvijas balzams'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 Europe 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.
AS Latvijas balzams 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.

UM9 Past Performance

  How has AS Latvijas balzams 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 AS Latvijas balzams'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.
  • AS Latvijas balzams's year on year earnings growth rate has been positive over the past 5 years.
  • AS Latvijas balzams's 1-year earnings growth exceeds its 5-year average (7.6% vs 5.2%)
  • AS Latvijas balzams's earnings growth has exceeded the DE Beverage industry average in the past year (7.6% vs -2%).
Earnings and Revenue History
AS Latvijas balzams'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 AS Latvijas balzams Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

MUN:UM9 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 76.68 9.70 10.10
2019-03-31 75.99 9.66 9.57
2018-12-31 75.14 9.39 9.30
2018-09-30 73.17 9.28 9.18
2018-06-30 74.61 9.01 8.96
2018-03-31 75.65 8.18 8.92
2017-12-31 78.26 8.62 8.82
2017-09-30 76.66 7.11 8.48
2017-06-30 76.81 7.13 8.44
2017-03-31 76.56 7.49 8.59
2016-12-31 75.72 7.51 8.52
2016-09-30 73.12 7.19 8.95
2016-06-30 73.71 6.59 8.97
2016-03-31 75.11 6.90 9.23
2015-12-31 73.79 7.07 9.03
2015-09-30 77.11 7.84 8.68
2015-06-30 76.37 8.41 8.44
2015-03-31 73.36 7.79 7.81
2014-12-31 73.05 7.96 7.73
2014-09-30 73.25 7.69 7.34
2014-03-31 63.91 7.33 7.18
2013-12-31 70.37 6.42 7.13
2013-09-30 45.52 6.06 7.13
2013-06-30 68.76 6.46 7.79
2013-03-31 68.74 6.17 6.96
2012-12-31 69.26 6.01 6.96

*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.
  • AS Latvijas balzams has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • AS Latvijas balzams used its assets more efficiently than the DE Beverage industry average last year based on Return on Assets.
  • AS Latvijas balzams's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess AS Latvijas balzams'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.
AS Latvijas balzams has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

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

UM9 Health

 How is AS Latvijas balzams'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 AS Latvijas balzams's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • AS Latvijas balzams is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • AS Latvijas balzams's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of AS Latvijas balzams'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 18.3x 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 AS Latvijas balzams Company Filings, last reported 4 months ago.

MUN:UM9 Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 117.35 5.05 0.04
2019-03-31 115.14 5.51 0.01
2018-12-31 114.12 4.83 0.01
2018-09-30 109.97 6.44 0.05
2018-06-30 107.64 7.45 0.05
2018-03-31 105.47 7.71 0.02
2017-12-31 104.73 7.52 0.13
2017-09-30 100.67 9.38 0.14
2017-06-30 98.60 10.20 0.02
2017-03-31 97.26 11.18 0.01
2016-12-31 96.08 10.48 2.68
2016-09-30 93.53 11.97 0.00
2016-06-30 86.13 12.80 0.04
2016-03-31 84.44 13.42 0.01
2015-12-31 83.23 17.02 0.02
2015-09-30 82.16 14.89 0.01
2015-06-30 82.70 19.80 0.05
2015-03-31 80.70 21.65 0.22
2014-12-31 79.32 22.12 0.40
2014-09-30 84.51 22.99 0.00
2014-03-31 81.45 23.99 0.00
2013-12-31 71.44 25.79 0.03
2013-09-30 76.11 25.15 0.00
2013-06-30 74.68 26.76 0.03
2013-03-31 73.21 26.20 0.13
2012-12-31 72.92 26.40 0.09
  • AS Latvijas balzams's level of debt (4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (27.8% vs 4% today).
  • Debt is well covered by operating cash flow (476.6%, greater than 20% of total debt).
  • AS Latvijas balzams earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess AS Latvijas balzams'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. AS Latvijas balzams has a total score of 6/6, 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.

UM9 Dividends

 What is AS Latvijas balzams'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 AS Latvijas balzams dividends.
If you bought €2,000 of AS Latvijas balzams 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 AS Latvijas balzams's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate AS Latvijas balzams'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
MUN:UM9 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 335 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.3%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

MUN:UM9 Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2017-06-14 1.000 11.480
2009-04-01 0.000 0.000
2008-12-01 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 AS Latvijas balzams has not reported any payouts.
  • Unable to verify if AS Latvijas balzams's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of AS Latvijas balzams's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as AS Latvijas balzams 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 AS Latvijas balzams'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 AS Latvijas balzams afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. AS Latvijas balzams 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.

UM9 Management

 What is the CEO of AS Latvijas balzams'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
Intars Geidans
TENURE AS CEO 3.7 years
CEO Bio

Mr. Intars Geidans has been the Chairman of Management Board at Latvijas Balzams AS since March 3 2016 and has been its Managing Director since March 10, 2016. Mr. Geidans has been a Member of the Management Board at Latvijas Balzams AS since June 17, 2011 and served as its Director of Supply Chain Department since February 18, 2016 until March 3 2016. Mr. Geidans served as Director of Logistics Department at Latvijas Balzams AS until February 18, 2016 and was its Head of Logistics from 2011 to 2016. He served as Head of Logistiics department at Magnum Medical from 2006 to 2010; Head of Logistiics department at AS Latvijas balzams from 2004 to 2006 and Production Manager at Feliks bakery from 1999 to 2004. He holds bachelor degree in faculty of business management from The University of Latvia.

CEO Compensation
  • Insufficient data for Intars to compare compensation growth.
  • Insufficient data for Intars to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure of the AS Latvijas balzams management team in years:

3.7
Average Tenure
  • The tenure for the AS Latvijas balzams management team is about average.
Management Team

Intars Geidans

TITLE
Chairman & MD
TENURE
3.7 yrs

Ronalds Zarinovs

TITLE
Production Director & Deputy Chairman

Jekaterina Stuge

TITLE
CFO & Member of the board
TENURE
4.2 yrs

Ilze Kaupere

TITLE
HR Manager
TENURE
2.8 yrs
Board of Directors Tenure

Average tenure of the AS Latvijas balzams board of directors in years:

0.4
Average Tenure
  • The average tenure for the AS Latvijas balzams board of directors is less than 3 years, this suggests a new board.
Board of Directors

Rolands Gulbis

TITLE
Chairman of the Supervisory Board
TENURE
4 yrs

Valizhans Abidov

TITLE
Deputy Head of Supervisory Board
TENURE
0.4 yrs

Pjotr Aven

TITLE
Member of Supervisory Board

Velga Celmina

TITLE
Member of Supervisory Board
TENURE
0.4 yrs

Alexander Maslo

TITLE
Member of Supervisory Board
TENURE
0.4 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 AS Latvijas balzams'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. AS Latvijas balzams 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.

UM9 News

Simply Wall St News

UM9 Company Info

Description

AS Latvijas balzams engages in the production and sale of alcoholic beverages in Latvia. The company produces approximately 100 types of alcoholic beverages. It offers sparkling and fortified wines, ciders, ready to drink (RTD) products, vodkas, liqueurs, brandies, balsam, other alcoholic beverages, gin, etc.; and non-alcoholic drinks. The company provides its products under the Stolichnaya, elit, Moskovskaya, Moskovskaya Infusion, Riga Black Vodka, Amber Gold Vodka, LB Vodka, 3 Graudu, Pshenichnaya, Latvijas originalais, ??????, Bonaparte, Grand Cavalier, Hektors, Piparu rugtais, Riga Black Balsam, Cross Keys Gin, LB Gin, Kristofors, Moka, Šarlote, Riga Black Balsam Cream, Allažu kimelis, Benediktins, Sparkling wine ‘RIGA Sparkling’, Cosmopolitan Diva, Rigas Prestige Cuvée, Sovetskoje, Svetskoje, Dins, Alkotop, Black Balsam, cocktails, Moskovskaya cocktails, Lucky Dog, Apple Garden, Cosmopolitan Diva non-alcoholic, Riga Sparkling non-alcoholic drink, and Quick Fox brands, as well as under private labels. It sells its products through wholesalers, as well as through its shop chain. The company also exports its products to approximately 170 markets worldwide. In addition, it provides transit assurance, bonded warehouse, logistics, value added, and picking services, etc. The company was founded in 1900 and is based in Riga, Latvia. AS Latvijas balzams is a subsidiary of Amber Beverage Group Holding S.à r.l.

Details
Name: AS Latvijas balzams
UM9
Exchange: MUN
Founded: 1900
€82,465,900
7,496,900
Website: http://lb.lv
Address: AS Latvijas balzams
A.Caka 160,
Riga,
1012,
Latvia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
RISE BAL1R Ordinary Shares OMX Nordic Exchange Riga LV EUR 18. Mar 1999
MUN UM9 Ordinary Shares Boerse Muenchen DE EUR 18. Mar 1999
LSE 0J20 Ordinary Shares London Stock Exchange GB EUR 18. Mar 1999
Number of employees
Current staff
Staff numbers
636
AS Latvijas balzams employees.
Industry
Distillers and Vintners
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/20 21:15
End of day share price update: 2019/11/20 00:00
Last earnings filing: 2019/08/30
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.