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Schweitzer-Mauduit International

DB:MH2
Snowflake Description

Established dividend payer with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MH2
DB
$1B
Market Cap
  1. Home
  2. DE
  3. Materials
Company description

Schweitzer-Mauduit International, Inc., together with its subsidiaries, provides engineered solutions and advanced materials for various industries worldwide. The last earnings update was 66 days ago. More info.


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MH2 Share Price and Events
7 Day Returns
-3.6%
DB:MH2
6.5%
Europe Forestry
2.5%
DE Market
1 Year Returns
12.1%
DB:MH2
-11.9%
Europe Forestry
2.6%
DE Market
MH2 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Schweitzer-Mauduit International (MH2) -3.6% -0.2% 9.5% 12.1% -5.3% 10%
Europe Forestry 6.5% 2.3% 8.8% -11.9% 0.9% 49.9%
DE Market 2.5% 0.2% 1% 2.6% 7.8% 23.7%
1 Year Return vs Industry and Market
  • MH2 outperformed the Forestry industry which returned -11.9% over the past year.
  • MH2 outperformed the Market in Germany which returned 2.6% over the past year.
Price Volatility
MH2
Industry
5yr Volatility vs Market

Value

 Is Schweitzer-Mauduit International 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 Schweitzer-Mauduit International 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 Schweitzer-Mauduit International.

DB:MH2 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.1%
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:MH2
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Forestry Unlevered Beta Simply Wall St/ S&P Global 1.37
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.367 (1 + (1- 21%) (57.31%))
1.661
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.66
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.661 * 5.96%)
10.13%

Discounted Cash Flow Calculation for DB:MH2 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Schweitzer-Mauduit International 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:MH2 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.13%)
2020 97.19 Est @ -2.83% 88.25
2021 95.32 Est @ -1.91% 78.60
2022 94.11 Est @ -1.27% 70.46
2023 93.34 Est @ -0.82% 63.46
2024 92.87 Est @ -0.51% 57.33
2025 92.60 Est @ -0.29% 51.91
2026 92.48 Est @ -0.13% 47.07
2027 92.46 Est @ -0.02% 42.73
2028 92.50 Est @ 0.05% 38.82
2029 92.60 Est @ 0.1% 35.29
Present value of next 10 years cash flows $573.00
DB:MH2 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $92.60 × (1 + 0.23%) ÷ (10.13% – 0.23%)
$937.53
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $937.53 ÷ (1 + 10.13%)10
$357.29
DB:MH2 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $573.00 + $357.29
$930.29
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $930.29 / 30.90
$30.11
DB:MH2 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:MH2 represents 0.90323x of NYSE:SWM
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.90323x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 30.11 x 0.90323
€27.20
Value per share (EUR) From above. €27.20
Current discount Discount to share price of €32.20
= -1 x (€32.20 - €27.20) / €27.20
-18.4%

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

  • The current share price of Schweitzer-Mauduit International 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 Schweitzer-Mauduit International's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Schweitzer-Mauduit International's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:MH2 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $2.79
NYSE:SWM Share Price ** NYSE (2019-10-11) in USD $35.65
Europe Forestry Industry PE Ratio Median Figure of 31 Publicly-Listed Forestry Companies 10.27x
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 Schweitzer-Mauduit International.

DB:MH2 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:SWM Share Price ÷ EPS (both in USD)

= 35.65 ÷ 2.79

12.78x

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

  • Schweitzer-Mauduit International is overvalued based on earnings compared to the Europe Forestry industry average.
  • Schweitzer-Mauduit International is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Schweitzer-Mauduit International's expected growth come at a high price?
Raw Data
DB:MH2 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.78x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
20.7%per year
Europe Forestry Industry PEG Ratio Median Figure of 19 Publicly-Listed Forestry Companies 0.3x
Germany Market PEG Ratio Median Figure of 264 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

DB:MH2 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.78x ÷ 20.7%

0.62x

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

  • Schweitzer-Mauduit International is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Schweitzer-Mauduit International's assets?
Raw Data
DB:MH2 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $18.53
NYSE:SWM Share Price * NYSE (2019-10-11) in USD $35.65
Europe Forestry Industry PB Ratio Median Figure of 39 Publicly-Listed Forestry Companies 1.17x
Germany Market PB Ratio Median Figure of 597 Publicly-Listed Companies 1.74x
DB:MH2 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:SWM Share Price ÷ Book Value per Share (both in USD)

= 35.65 ÷ 18.53

1.92x

* Primary Listing of Schweitzer-Mauduit International.

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

  • Schweitzer-Mauduit International is overvalued based on assets compared to the Europe Forestry industry average.
X
Value checks
We assess Schweitzer-Mauduit International'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 Forestry 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 Forestry industry average (and greater than 0)? (1 check)
  5. Schweitzer-Mauduit International has a total score of 2/6, 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 Schweitzer-Mauduit International expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
20.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Schweitzer-Mauduit International expected to grow at an attractive rate?
  • Schweitzer-Mauduit International's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Schweitzer-Mauduit International's earnings growth is expected to exceed the Germany market average.
  • Schweitzer-Mauduit International's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:MH2 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:MH2 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 20.7%
DB:MH2 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts -1.5%
Europe Forestry Industry Earnings Growth Rate Market Cap Weighted Average 3.2%
Europe Forestry Industry Revenue Growth Rate Market Cap Weighted Average 1.2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*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:MH2 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:MH2 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 1,012 177 115 1
2019-12-31 1,024 144 91 1
2019-10-12
DB:MH2 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 1,037 138 85
2019-03-31 1,037 130 91
2018-12-31 1,041 139 94
2018-09-30 1,028 131 60
2018-06-30 1,026 142 45
2018-03-31 1,011 140 41
2017-12-31 982 131 34
2017-09-30 945 140 78
2017-06-30 897 122 71
2017-03-31 859 125 75
2016-12-31 840 130 82
2016-09-30 851 148 87

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Schweitzer-Mauduit International's earnings are expected to grow significantly at over 20% yearly.
  • Schweitzer-Mauduit International's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:MH2 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

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

DB:MH2 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 3.73 3.73 3.73 1.00
2019-12-31 2.94 2.94 2.94 1.00
2019-10-12
DB:MH2 Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 2.79
2019-03-31 2.97
2018-12-31 3.08
2018-09-30 1.96
2018-06-30 1.47
2018-03-31 1.35
2017-12-31 1.12
2017-09-30 2.57
2017-06-30 2.35
2017-03-31 2.47
2016-12-31 2.72
2016-09-30 2.87

*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 Schweitzer-Mauduit International will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Schweitzer-Mauduit International'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.
Schweitzer-Mauduit International 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 Schweitzer-Mauduit International 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 Schweitzer-Mauduit International's growth in the last year to its industry (Forestry).
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.
  • Schweitzer-Mauduit International's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Schweitzer-Mauduit International's 1-year earnings growth exceeds its 5-year average (91.1% vs -3.1%)
  • Schweitzer-Mauduit International's earnings growth has exceeded the Europe Forestry industry average in the past year (91.1% vs 1.2%).
Earnings and Revenue History
Schweitzer-Mauduit International'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 Schweitzer-Mauduit International Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:MH2 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 1,036.90 85.40 127.80 14.00
2019-03-31 1,037.40 90.70 128.30 14.40
2018-12-31 1,041.30 94.20 126.60 15.20
2018-09-30 1,028.30 59.80 132.60 16.70
2018-06-30 1,025.80 44.70 134.90 17.00
2018-03-31 1,010.70 41.20 134.90 17.50
2017-12-31 982.10 34.00 132.60 17.80
2017-09-30 945.10 78.10 123.40 17.50
2017-06-30 896.60 71.20 118.20 17.80
2017-03-31 858.60 74.90 110.10 17.60
2016-12-31 839.90 82.30 107.30 17.50
2016-09-30 851.00 86.90 108.40 16.40
2016-06-30 826.10 94.00 97.40 15.70
2016-03-31 790.70 92.40 95.20 15.00
2015-12-31 764.10 90.00 91.00 14.00
2015-09-30 736.00 86.80 79.50 14.30
2015-06-30 755.90 84.00 84.50 14.40
2015-03-31 777.60 84.50 83.90 14.90
2014-12-31 794.30 88.90 83.90 15.70
2014-09-30 809.10 59.60 81.30 16.10
2014-06-30 790.10 66.00 77.70 16.10
2014-03-31 783.00 70.50 74.80 15.60
2013-12-31 772.80 77.90 71.20 15.30
2013-09-30 771.00 118.40 74.90 13.80
2013-06-30 781.60 122.50 74.20 12.60
2013-03-31 778.00 116.50 73.90 11.50
2012-12-31 778.50 103.00 76.50 9.90

*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.
  • Schweitzer-Mauduit International has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Schweitzer-Mauduit International used its assets more efficiently than the Europe Forestry industry average last year based on Return on Assets.
  • Schweitzer-Mauduit International's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Schweitzer-Mauduit International'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 Forestry 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.
Schweitzer-Mauduit International has a total score of 3/6, 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 Schweitzer-Mauduit International'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 Schweitzer-Mauduit International's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Schweitzer-Mauduit International is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Schweitzer-Mauduit International's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Schweitzer-Mauduit International's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.7x 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 Schweitzer-Mauduit International Company Filings, last reported 3 months ago.

DB:MH2 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 572.60 603.10 88.20
2019-03-31 562.10 617.10 83.40
2018-12-31 557.90 622.10 93.80
2018-09-30 568.70 640.80 90.50
2018-06-30 542.50 642.80 73.90
2018-03-31 562.10 674.60 96.10
2017-12-31 546.70 684.20 106.90
2017-09-30 569.10 694.10 100.60
2017-06-30 544.70 721.70 97.80
2017-03-31 517.70 726.50 99.80
2016-12-31 508.30 440.80 107.40
2016-09-30 525.40 445.20 89.50
2016-06-30 516.30 511.70 143.80
2016-03-31 502.80 583.50 200.20
2015-12-31 467.90 572.10 186.50
2015-09-30 460.00 401.30 268.50
2015-06-30 464.10 398.90 257.70
2015-03-31 434.70 443.70 267.30
2014-12-31 489.00 438.40 290.30
2014-09-30 520.90 446.80 286.00
2014-06-30 545.10 449.40 291.40
2014-03-31 526.30 447.60 277.90
2013-12-31 561.40 385.40 272.00
2013-09-30 567.00 151.20 222.50
2013-06-30 529.50 164.50 212.70
2013-03-31 522.70 161.90 181.10
2012-12-31 511.80 156.00 151.20
  • Schweitzer-Mauduit International's level of debt (105.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (82.5% vs 105.3% today).
  • Debt is well covered by operating cash flow (22.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.5x coverage).
X
Financial health checks
We assess Schweitzer-Mauduit International'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. Schweitzer-Mauduit International has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is Schweitzer-Mauduit International'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
4.94%
Current annual income from Schweitzer-Mauduit International dividends.
If you bought €2,000 of Schweitzer-Mauduit International shares you are expected to receive €99 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?
  • Schweitzer-Mauduit International's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • Schweitzer-Mauduit International's dividend is above 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:MH2 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Europe Forestry Industry Average Dividend Yield Market Cap Weighted Average of 24 Stocks 4.4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 337 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
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:MH2 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31
2019-10-12
DB:MH2 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-08-07 1.760 4.989
2019-05-01 1.760 5.405
2019-02-21 1.760 4.655
2018-11-07 1.760 5.996
2018-08-01 1.720 4.572
2018-05-02 1.720 3.959
2017-11-01 1.720 4.057
2017-08-02 1.680 4.227
2017-05-03 1.680 4.420
2017-02-15 1.680 4.019
2016-11-02 1.680 3.883
2016-08-03 1.600 4.192
2016-05-04 1.600 4.529
2015-11-04 1.600 4.417
2015-05-06 1.520 4.013
2015-02-11 1.520 3.333
2014-11-05 1.520 3.684
2014-08-06 1.440 3.437
2014-05-07 1.440 3.401
2013-11-06 1.440 3.121
2013-07-31 1.200 2.033
2013-02-06 1.200 2.785
2012-10-31 0.600 1.564
2012-05-02 0.300 0.896
2011-11-02 0.300 0.873
2011-08-03 0.300 1.011
2011-05-04 0.300 1.132
2011-02-02 0.300 1.142
2010-11-03 0.300 0.953
2010-08-04 0.300 1.063
2010-05-05 0.300 1.137
2010-02-10 0.300 1.209
2009-11-03 0.300 0.880
2009-08-05 0.300 1.170
2009-05-07 0.300 2.307
2009-02-05 0.300 3.323

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 Schweitzer-Mauduit International's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.6x coverage).
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 Schweitzer-Mauduit International's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Schweitzer-Mauduit International afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Schweitzer-Mauduit International has a total score of 5/6, see the detailed checks below.


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

Management

 What is the CEO of Schweitzer-Mauduit International'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
Jeff Kramer
COMPENSATION $3,250,775
AGE 59
TENURE AS CEO 2.5 years
CEO Bio

Dr. Jeffrey Kramer, Ph.D., also known as Jeff, has been the Chief Executive Officer and Director at Schweitzer-Mauduit International, Inc. since April 21, 2017. Dr. Kramer served as the Chief Executive Officer and President of J.A.M. Distributing Company, LLC from January 10, 2013 to December 2015. He served as Corporate Development Officer of Air Products and Chemicals, Inc. and also served as its Chief Technology Officer from June 2012 to December 2012, General Manager of Packaged Gases from 2005 to June 2012 and Vice President from 2005 to December 2012. He joined Air Products in 1987 as a participant in Career Development Program, with an initial assignment in the polymer research lab. He served as Market Development Manager for fluorine chemistries. He relocated to the Netherlands and served as Manager of Application Development/Technical Services for polymer chemicals, with responsibility for all technical support resources in Europe since 1990. Following this assignment, he held positions in commercial development, asset management and marketing. He was named Global Business Manager for Polyurethane Chemicals since 1999 and he relocated to Hong Kong in 2001, where he served as Vice President and General Manager of Chemicals Asia. He has served as Vice President of Lubricants of Brenntag AG, a distributor of chemicals, since January 2016. As a result of his prior service with Brenntag AG and Air Products and Chemicals, Dr. Kramer brings to the Board extensive experience in management and operations of multinational companies. Dr. Kramer receives Bachelor of Science in Chemical Engineering from University of Pennsylvania in 1982, Master of Arts Degree and Doctorate In Chemical Engineering from Princeton University in 1984 and 1987 respectively. He holds a Master's Degree in Business Administration from Lehigh University in 1993.

CEO Compensation
  • Jeff's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Jeff's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Schweitzer-Mauduit International management team in years:

2.5
Average Tenure
50
Average Age
  • The tenure for the Schweitzer-Mauduit International management team is about average.
Management Team

Jeff Kramer

TITLE
CEO & Director
COMPENSATION
$3M
AGE
59
TENURE
2.5 yrs

R. Wamser

TITLE
Executive VP of Finance & CFO
COMPENSATION
$1M
AGE
45
TENURE
1.6 yrs

Ricardo Nuñez

TITLE
Executive VP
COMPENSATION
$981K
AGE
54
TENURE
2.1 yrs

Michel Fievez

TITLE
Executive Vice President of Engineered Papers
COMPENSATION
$1M
AGE
61
TENURE
9.6 yrs

Dano Lister

TITLE
Executive Vice President of Advanced Materials & Structures
COMPENSATION
$915K
AGE
46
TENURE
3.3 yrs

Michael Schmit

TITLE
Corporate Controller & Chief Accounting Officer
AGE
46
TENURE
0.5 yrs

Mark Chekanow

TITLE
Director of Investor Relations
TENURE
6.4 yrs

Mari Sifo

TITLE
Chief Human Resources Officer
Board of Directors Tenure

Average tenure and age of the Schweitzer-Mauduit International board of directors in years:

2.5
Average Tenure
60
Average Age
  • The average tenure for the Schweitzer-Mauduit International board of directors is less than 3 years, this suggests a new board.
Board of Directors

John Rogers

TITLE
Chairman & Lead Independent Director
COMPENSATION
$175K
AGE
57
TENURE
0.7 yrs

Jeff Kramer

TITLE
CEO & Director
COMPENSATION
$3M
AGE
59
TENURE
2.5 yrs

Jeffrey Keenan

TITLE
Independent Director
COMPENSATION
$175K
AGE
61
TENURE
3.7 yrs

K. Caldabaugh

TITLE
Independent Director
COMPENSATION
$245K
AGE
72
TENURE
23.9 yrs

Andy Warlick

TITLE
Independent Director
COMPENSATION
$165K
AGE
62
TENURE
10.3 yrs

Marco Levi

TITLE
Independent Director
COMPENSATION
$155K
AGE
60
TENURE
2.5 yrs

Kimberly Ritrievi

TITLE
Independent Director
COMPENSATION
$128K
AGE
60
TENURE
1.6 yrs

Deborah Borg

TITLE
Independent Director
AGE
41
TENURE
0.7 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 (€)
28. Feb 19 Sell Michel Fievez Individual 26. Feb 19 26. Feb 19 -20,000 €35.02 €-700,453
15. Nov 18 Sell Robert Cardin Individual 15. Nov 18 15. Nov 18 -3,579 €27.50 €-98,422
13. Nov 18 Buy Kimberly Ritrievi Individual 12. Nov 18 12. Nov 18 2,000 €27.64 €55,278
X
Management checks
We assess Schweitzer-Mauduit International'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. Schweitzer-Mauduit International 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

Schweitzer-Mauduit International, Inc., together with its subsidiaries, provides engineered solutions and advanced materials for various industries worldwide. The company operates through two segments, Engineered Papers and Advanced Materials & Structures. The Engineered Papers segment produces and sells cigarette papers, reconstituted tobacco leaf, and wrapper and binder products to cigarette and cigar manufacturers; and other non-tobacco paper products. It also offers low ignition propensity cigarette paper; and lightweight papers for printing and writing, flooring laminates, and food service packaging. The Advanced Materials & Structures segment manufactures resin-based nets, films, and other non-wovens for filtration, infrastructure and construction, transportation, medical, and industrial applications. Schweitzer-Mauduit International, Inc. was founded in 1995 and is headquartered in Alpharetta, Georgia.

Details
Name: Schweitzer-Mauduit International, Inc.
MH2
Exchange: DB
Founded: 1995
$996,808,146
30,896,086
Website: http://www.swmintl.com
Address: Schweitzer-Mauduit International, Inc.
100 North Point Center East,
Suite 600,
Alpharetta,
Georgia, 30022,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE SWM Common Stock New York Stock Exchange US USD 09. Nov 1995
DB MH2 Common Stock Deutsche Boerse AG DE EUR 09. Nov 1995
Number of employees
Current staff
Staff numbers
3,500
Schweitzer-Mauduit International employees.
Industry
Paper Products
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/12 21:26
End of day share price update: 2019/10/11 00:00
Last estimates confirmation: 2019/08/14
Last earnings filing: 2019/08/07
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.