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Neenah

DB:NQI
Snowflake Description

Adequate balance sheet average dividend payer.

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

Neenah, Inc. produces and sells technical products, and fine paper and packaging products worldwide. The last earnings update was 67 days ago. More info.


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NQI Share Price and Events
7 Day Returns
-2.7%
DB:NQI
6.5%
Europe Forestry
2.8%
DE Market
1 Year Returns
-19%
DB:NQI
-11.9%
Europe Forestry
3%
DE Market
NQI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Neenah (NQI) -2.7% -11.2% -8.5% -19% -24.4% 25.7%
Europe Forestry 6.5% 1.9% 8.8% -11.9% 1% 49.9%
DE Market 2.8% 0.2% 1.3% 3% 8% 23.6%
1 Year Return vs Industry and Market
  • NQI underperformed the Forestry industry which returned -11.9% over the past year.
  • NQI underperformed the Market in Germany which returned 3% over the past year.
Price Volatility
NQI
Industry
5yr Volatility vs Market

Value

 Is Neenah 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 Neenah 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 Neenah.

DB:NQI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.7%
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:NQI
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%) (23.46%))
1.416
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.42
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.416 * 5.96%)
8.67%

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

The calculations below outline how an intrinsic value for Neenah 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:NQI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.67%)
2020 43.89 Est @ -8.31% 40.39
2021 41.36 Est @ -5.75% 35.03
2022 39.73 Est @ -3.96% 30.96
2023 38.66 Est @ -2.7% 27.72
2024 37.95 Est @ -1.82% 25.05
2025 37.49 Est @ -1.21% 22.77
2026 37.20 Est @ -0.78% 20.79
2027 37.03 Est @ -0.48% 19.04
2028 36.93 Est @ -0.26% 17.48
2029 36.88 Est @ -0.12% 16.06
Present value of next 10 years cash flows $255.00
DB:NQI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $36.88 × (1 + 0.23%) ÷ (8.67% – 0.23%)
$438.06
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $438.06 ÷ (1 + 8.67%)10
$190.79
DB:NQI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $255.00 + $190.79
$445.79
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $445.79 / 16.86
$26.44
DB:NQI Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:NQI represents 0.89094x of NYSE:NP
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.89094x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 26.44 x 0.89094
€23.56
Value per share (EUR) From above. €23.56
Current discount Discount to share price of €54.00
= -1 x (€54.00 - €23.56) / €23.56
-129.2%

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

  • The current share price of Neenah 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 Neenah's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Neenah's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:NQI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $3.02
NYSE:NP Share Price ** NYSE (2019-10-11) in USD $60.61
Europe Forestry Industry PE Ratio Median Figure of 31 Publicly-Listed Forestry Companies 10.37x
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 Neenah.

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

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

= 60.61 ÷ 3.02

20.08x

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

  • Neenah is overvalued based on earnings compared to the Europe Forestry industry average.
  • Neenah is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Neenah's expected growth come at a high price?
Raw Data
DB:NQI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.08x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
19.4%per year
Europe Forestry Industry PEG Ratio Median Figure of 19 Publicly-Listed Forestry Companies 0.3x
Germany Market PEG Ratio Median Figure of 265 Publicly-Listed Companies 1.39x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 20.08x ÷ 19.4%

1.04x

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

  • Neenah is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Neenah's assets?
Raw Data
DB:NQI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $24.11
NYSE:NP Share Price * NYSE (2019-10-11) in USD $60.61
Europe Forestry Industry PB Ratio Median Figure of 39 Publicly-Listed Forestry Companies 1.17x
Germany Market PB Ratio Median Figure of 598 Publicly-Listed Companies 1.74x
DB:NQI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 60.61 ÷ 24.11

2.51x

* Primary Listing of Neenah.

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

  • Neenah is overvalued based on assets compared to the Europe Forestry industry average.
X
Value checks
We assess Neenah'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. Neenah has a total score of 0/6, 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 Neenah expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

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

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
19.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Neenah expected to grow at an attractive rate?
  • Neenah's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Neenah's earnings growth is expected to exceed the Germany market average.
  • Neenah's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:NQI Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:NQI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 19.4%
DB:NQI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 1.7%
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 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:NQI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:NQI Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 1,009 96 66 2
2019-12-31 981 87 53 2
2019-10-13
DB:NQI Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 990 94 51
2019-03-31 1,008 88 33
2018-12-31 1,035 93 37
2018-09-30 1,038 82 43
2018-06-30 1,027 94 49
2018-03-31 1,004 86 78
2017-12-31 980 100 80
2017-09-30 956 100 77
2017-06-30 944 104 75
2017-03-31 942 122 71
2016-12-31 942 116 73
2016-09-30 951 129 71

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Neenah's earnings are expected to grow by 19.4% yearly, however this is not considered high growth (20% yearly).
  • Neenah's revenue is expected to grow by 1.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:NQI 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 2 Analyst Estimates (S&P Global) See Below

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

DB:NQI Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 3.88 4.25 3.50 2.00
2019-12-31 3.11 3.18 3.04 2.00
2019-10-13
DB:NQI Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 3.02
2019-03-31 1.94
2018-12-31 2.20
2018-09-30 2.55
2018-06-30 2.89
2018-03-31 4.65
2017-12-31 4.74
2017-09-30 4.60
2017-06-30 4.46
2017-03-31 4.24
2016-12-31 4.33
2016-09-30 4.22

*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 Neenah will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Neenah'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.
Neenah has a total score of 2/6, 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 Neenah 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 Neenah'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.
  • Neenah's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Neenah's 1-year earnings growth exceeds its 5-year average (4.5% vs -5%)
  • Neenah's earnings growth has exceeded the Europe Forestry industry average in the past year (4.5% vs 1.2%).
Earnings and Revenue History
Neenah'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 Neenah Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:NQI Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 990.20 50.90 96.10
2019-03-31 1,008.10 32.70 94.40
2018-12-31 1,034.90 37.00 95.90
2018-09-30 1,038.00 42.90 98.40
2018-06-30 1,026.90 48.70 98.20
2018-03-31 1,004.30 78.30 96.20
2017-12-31 979.90 79.70 95.30
2017-09-30 956.40 77.20 92.90
2017-06-30 944.20 74.80 90.50
2017-03-31 941.50 71.20 91.70
2016-12-31 941.50 72.70 90.00
2016-09-30 951.40 70.80 96.70
2016-06-30 950.10 68.10 96.90
2016-03-31 915.40 63.00 92.10
2015-12-31 887.70 60.00 86.50
2015-09-30 860.90 72.50 83.20
2015-06-30 844.60 72.20 80.70
2015-03-31 829.00 70.20 78.90
2014-12-31 839.70 67.20 78.00
2014-09-30 841.00 53.30 75.80
2014-06-30 839.80 51.30 76.90
2014-03-31 856.40 49.80 78.30
2013-12-31 781.70 47.70 74.70
2013-09-30 832.20 44.40 80.30
2013-06-30 824.40 42.10 79.00
2013-03-31 823.80 41.90 78.90
2012-12-31 808.80 38.60 77.40

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

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Neenah is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Neenah's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Neenah'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 Neenah Company Filings, last reported 3 months ago.

DB:NQI Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 406.50 223.70 8.10
2019-03-31 394.20 246.10 7.60
2018-12-31 390.20 239.10 9.90
2018-09-30 399.10 249.60 7.40
2018-06-30 392.50 253.50 7.20
2018-03-31 412.10 270.30 6.40
2017-12-31 399.90 255.50 4.50
2017-09-30 396.90 222.90 24.20
2017-06-30 377.60 220.80 9.20
2017-03-31 348.50 226.30 5.50
2016-12-31 338.30 220.90 3.10
2016-09-30 352.50 211.20 7.30
2016-06-30 342.20 219.20 4.50
2016-03-31 327.30 238.80 5.10
2015-12-31 311.60 229.40 4.20
2015-09-30 307.40 246.20 5.50
2015-06-30 303.80 215.50 78.00
2015-03-31 287.10 223.20 58.80
2014-12-31 288.70 228.20 72.60
2014-09-30 293.30 186.40 24.00
2014-06-30 296.30 193.50 92.30
2014-03-31 283.20 205.00 77.20
2013-12-31 267.50 211.90 73.40
2013-09-30 246.60 193.10 48.20
2013-06-30 228.20 192.80 26.90
2013-03-31 212.00 186.50 3.80
2012-12-31 197.80 182.30 7.80
  • Neenah's level of debt (55%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (65.3% vs 55% today).
  • Debt is well covered by operating cash flow (42%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.7x coverage).
X
Financial health checks
We assess Neenah'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. Neenah has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is Neenah's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.97%
Current annual income from Neenah dividends.
If you bought €2,000 of Neenah shares you are expected to receive €59 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?
  • Neenah's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • Neenah's dividend is below the markets top 25% of dividend payers in Germany (3.86%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:NQI 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 2 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 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

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

DB:NQI Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31
2019-10-13
DB:NQI Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-08-01 1.800 2.810
2019-05-01 1.800 2.872
2018-11-29 1.800 2.742
2018-11-01 1.640 2.256
2018-08-01 1.640 1.902
2018-05-01 1.640 1.957
2017-12-01 1.640 1.945
2017-11-01 1.480 1.701
2017-08-01 1.480 1.818
2017-05-01 1.480 1.881
2016-11-18 1.480 1.846
2016-10-28 1.320 1.654
2016-07-29 1.320 1.684
2016-04-29 1.320 1.875
2015-11-25 1.320 2.155
2015-10-29 1.200 1.817
2015-07-30 1.200 2.002
2015-04-30 1.200 1.999
2014-11-18 1.200 2.016
2014-10-31 1.080 1.836
2014-05-27 1.080 2.022
2014-05-01 0.960 1.943
2013-11-19 0.960 2.095
2013-11-01 0.800 1.963
2013-05-30 0.800 2.180
2013-05-01 0.600 1.979
2012-11-15 0.600 2.067
2012-11-01 0.480 1.888
2012-07-31 0.480 1.733
2012-05-01 0.480 1.819
2011-11-17 0.480 1.974
2011-11-01 0.440 2.519
2011-08-01 0.440 2.719
2011-05-02 0.440 2.039
2010-11-18 0.440 2.224
2010-11-01 0.400 2.316
2010-08-02 0.400 2.555
2010-05-03 0.400 2.183
2010-02-01 0.400 2.426
2009-11-02 0.400 2.930
2009-08-03 0.400 3.577
2009-05-04 0.400 4.796
2009-01-26 0.400 8.655
2008-10-16 0.400 4.959

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 Neenah's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.8x 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 Neenah'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 Neenah afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Neenah has a total score of 4/6, 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 Neenah'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
John O'Donnell
COMPENSATION $2,963,120
AGE 59
TENURE AS CEO 8.4 years
CEO Bio

Mr. John P. O'Donnell has been the Chief Executive Officer and President at Neenah Paper, Inc., since May 18, 2011 and May 2011 respectively. Mr. O'Donnell serves as the Chief Executive Officer and President of Neenah Paper FR, LLC. Mr. O'Donnell was employed by Georgia-Pacific Corporation from 1985 until 2007. He served as the Chief Operating Officer of Neenah Paper, Inc. from June 1, 2010 to May 18, 2011 and its Senior Vice President since June 2010 until May 18, 2011. He served as the President of Fine Paper of Neenah Paper, Inc. from October 2007 to May 2010 and served as its Senior Vice President until May 2010. He has an extensive knowledge of the paper and tissue industry. Prior to Neenah Paper, he worked for Georgia-Pacific Corporation in the Consumer Products division as President of the North America Retail Business from February 2004 to 2007 and as the President of the North American Commercial Tissue business from 2002 to 2004. In addition, Mr. O'Donnell held a number of other senior leadership positions at Georgia-Pacific in both branded and commercial operations, with managerial roles in sales, marketing, operations, logistics and customer service. He was employed by Georgia-Pacific from 1985 to 2007 and held increasingly senior sales and marketing positions in the Consumer Products division. He worked in several businesses in the areas of sales, market development, customer service, marketing, operations and operations integration, logistics and quality control. He serves as a Director of Neenah Paper FR, LLC. He has been a Director of Neenah Paper, Inc., since November 2010 and Clearwater Paper Corporation since April 1, 2016. He holds a BS degree in Psychology from Iowa State University in 1983 and is a graduate of the Harvard Business School's Advanced Management Program.

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

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

4.7
Average Tenure
50
Average Age
  • The tenure for the Neenah management team is about average.
Management Team

John O'Donnell

TITLE
CEO, President & Director
COMPENSATION
$3M
AGE
59
TENURE
8.4 yrs

Bonnie Cruickshank-Lind

TITLE
Senior VP
COMPENSATION
$1M
AGE
61
TENURE
15.3 yrs

Matthew Duncan

TITLE
Senior VP & Chief Human Resource Officer
COMPENSATION
$620K
AGE
46
TENURE
3.6 yrs

Julie Schertell

TITLE
Senior VP & President of Technical Products
COMPENSATION
$916K
AGE
50
TENURE
5.8 yrs

Byron Racki

TITLE
Senior VP and President of Fine Paper & Packaging
COMPENSATION
$640K
AGE
42
TENURE
2.8 yrs

Ron Lane

TITLE
Senior Vice President of Operations
TENURE
0.3 yrs

Larry Brownlee

TITLE
Principal Accounting Officer
AGE
63
TENURE
15.3 yrs

Bob Conforti

TITLE
Vice President of New Business & Technology Development

Bill McCarthy

TITLE
Vice President of Financial Analysis & Investor Relations

Noah Benz

TITLE
Senior VP
AGE
46
TENURE
1.2 yrs
Board of Directors Tenure

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

8.9
Average Tenure
66
Average Age
  • The tenure for the Neenah board of directors is about average.
Board of Directors

Bill Cook

TITLE
Independent Chairman
COMPENSATION
$174K
AGE
66
TENURE
0.4 yrs

John O'Donnell

TITLE
CEO, President & Director
COMPENSATION
$3M
AGE
59
TENURE
8.9 yrs

Stephen Wood

TITLE
Independent Director
COMPENSATION
$206K
AGE
73
TENURE
14.9 yrs

Timothy Lucas

TITLE
Independent Director
COMPENSATION
$206K
AGE
73
TENURE
14.9 yrs

Margaret Dano

TITLE
Independent Director
COMPENSATION
$172K
AGE
60
TENURE
4.6 yrs

Philip Moore

TITLE
Independent Director
COMPENSATION
$174K
AGE
66
TENURE
14.9 yrs

Tony Thene

TITLE
Independent Director
AGE
58
TENURE
0.7 yrs
Who owns this company?
Recent Insider Trading
  • Neenah individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
16. Sep 19 Sell Byron Racki Individual 13. Sep 19 13. Sep 19 -500 €61.56 €-30,779
12. Sep 19 Sell Bonnie Cruickshank-Lind Individual 11. Sep 19 12. Sep 19 -1,242 €60.52 €-75,168
30. Aug 19 Sell Bonnie Cruickshank-Lind Individual 28. Aug 19 29. Aug 19 -912 €59.54 €-54,277
28. Aug 19 Sell Julie Schertell Individual 27. Aug 19 27. Aug 19 -1,500 €58.39 €-87,585
22. Aug 19 Sell Bonnie Cruickshank-Lind Individual 20. Aug 19 21. Aug 19 -7,846 €60.02 €-469,191
21. Aug 19 Sell John O'Donnell Individual 19. Aug 19 21. Aug 19 -46,125 €60.98 €-2,785,336
12. Aug 19 Sell Lawrence Brownlee Individual 09. Aug 19 09. Aug 19 -5,000 €60.33 €-301,639
13. May 19 Sell Lawrence Brownlee Individual 10. May 19 10. May 19 -5,000 €55.61 €-278,058
13. Mar 19 Sell Armin Schwinn Individual 11. Mar 19 11. Mar 19 -489 €56.99 €-27,870
20. Feb 19 Sell John McGovern Individual 19. Feb 19 20. Feb 19 -4,155 €62.39 €-259,061
15. Feb 19 Sell Noah Benz Individual 15. Feb 19 15. Feb 19 -950 €62.48 €-59,356
14. Nov 18 Sell Margaret Dano Individual 13. Nov 18 13. Nov 18 -2,488 €63.77 €-158,666
X
Management checks
We assess Neenah'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. Neenah 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

Neenah, Inc. produces and sells technical products, and fine paper and packaging products worldwide. Its Technical Products segment offers filtration media for transportation, water, and other uses; saturated and unsaturated crepe, and flat paper tapes; and coated lightweight abrasive papers for automotive, construction, metal, and woodworking industries. It also provides digital image transfer media; label and tag products for digital printing; latex saturated and coated, premask, medical packaging, digital transfer, publishing, security, clean room and durable printing, and release papers; and furniture backers. The company's Fine Paper and Packaging segment provides writing, text, cover, and specialty papers; and envelopes used in commercial printing services, corporate identity packages, and advertising collaterals. It also provides packaging products for retail, cosmetics, spirits, and electronics end-use markets; bright papers for direct mails, advertising inserts, scrapbooks, and marketing collaterals; business papers for professionals and small businesses; translucent and art papers; and papers for optical scanning and other specialized applications. Its Other segment offers papers for end uses, such as covering materials for datebooks, diaries, yearbooks, and photo albums. The company markets its products under the JET-PRO SofStretch, KIMDURA, PREVAIL, NEENAH, GESSNER, CLASSIC, CLASSIC CREST, ESSE, ENVIRONMENT, CAPITOL BOND, ROYAL SUNDANCE, SOUTHWORTH, TOUCHE, CRANE'S CREST, CRANE'S BOND, CRANE'S LETTRA, SO...SILK, PLIKE, STARDREAM, Neenah Wide Format, CONVERD, ESTATE LABEL, PELLAQ, KIVAR, SKIVERTEX, ILLUSIO, SENZO, ASTROBRIGHTS, NEENAH IMAGEMAX, and CREATIVE COLLECTION names through authorized paper distributors, converters, retailers, and specialty businesses; and directly. The company was formerly known as Neenah Paper, Inc. and changed its name to Neenah, Inc. in January 2018. Neenah, Inc. was founded in 2004 and is headquartered in Alpharetta, Georgia.

Details
Name: Neenah, Inc.
NQI
Exchange: DB
Founded: 2004
$924,843,410
16,860,690
Website: http://www.neenah.com
Address: Neenah, Inc.
3460 Preston Ridge Road,
Suite 600,
Alpharetta,
Georgia, 30005,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE NP Common Stock New York Stock Exchange US USD 17. Nov 2004
DB NQI Common Stock Deutsche Boerse AG DE EUR 17. Nov 2004
Number of employees
Current staff
Staff numbers
2,641
Neenah employees.
Industry
Paper Products
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/13 20:41
End of day share price update: 2019/10/11 00:00
Last estimates confirmation: 2019/09/20
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.