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Navigator Company

DB:PO9
Snowflake Description

Average dividend payer with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PO9
DB
€2B
Market Cap
  1. Home
  2. DE
  3. Materials
Company description

The Navigator Company, S.A. manufactures and markets pulp and paper products in Portugal. The last earnings update was 13 days ago. More info.


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PO9 Share Price and Events
7 Day Returns
3.7%
DB:PO9
6.5%
Europe Forestry
2.8%
DE Market
1 Year Returns
-24.8%
DB:PO9
-11.9%
Europe Forestry
3%
DE Market
PO9 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Navigator Company (PO9) 3.7% -2.8% -2.3% -24.8% 19.5% 15.9%
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
  • PO9 underperformed the Forestry industry which returned -11.9% over the past year.
  • PO9 underperformed the Market in Germany which returned 3% over the past year.
Price Volatility
PO9
Industry
5yr Volatility vs Market

Value

 Is Navigator Company 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 Navigator Company 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 Navigator Company.

DB:PO9 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 14.1%
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:PO9
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 9%
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%) (40.73%))
1.541
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.54
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.541 * 9.02%)
14.13%

Discounted Cash Flow Calculation for DB:PO9 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Navigator Company 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:PO9 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 14.13%)
2020 269.37 Analyst x3 236.02
2021 302.00 Analyst x2 231.86
2022 215.47 Analyst x3 144.95
2023 212.12 Est @ -1.55% 125.03
2024 209.96 Est @ -1.02% 108.44
2025 208.60 Est @ -0.64% 94.40
2026 207.81 Est @ -0.38% 82.40
2027 207.39 Est @ -0.2% 72.05
2028 207.24 Est @ -0.07% 63.09
2029 207.28 Est @ 0.02% 55.29
Present value of next 10 years cash flows €1,213.00
DB:PO9 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €207.28 × (1 + 0.23%) ÷ (14.13% – 0.23%)
€1,494.66
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €1,494.66 ÷ (1 + 14.13%)10
€398.69
DB:PO9 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €1,213.00 + €398.69
€1,611.69
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €1,611.69 / 714.82
€2.25
DB:PO9 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:PO9 represents 0.93554x of ENXTLS:NVG
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.93554x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 2.25 x 0.93554
€2.11
Value per share (EUR) From above. €2.11
Current discount Discount to share price of €3.11
= -1 x (€3.11 - €2.11) / €2.11
-47.2%

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

  • The current share price of Navigator Company 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 Navigator Company's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Navigator Company's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:PO9 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €0.28
ENXTLS:NVG Share Price ** ENXTLS (2019-10-11) in EUR €3.32
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 Navigator Company.

DB:PO9 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTLS:NVG Share Price ÷ EPS (both in EUR)

= 3.32 ÷ 0.28

11.85x

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

  • Navigator Company is overvalued based on earnings compared to the Europe Forestry industry average.
  • Navigator Company is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Navigator Company's expected growth come at a high price?
Raw Data
DB:PO9 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.85x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
-2.4%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:PO9 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.85x ÷ -2.4%

-4.95x

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

  • Navigator Company earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Navigator Company's assets?
Raw Data
DB:PO9 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €1.48
ENXTLS:NVG Share Price * ENXTLS (2019-10-11) in EUR €3.32
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:PO9 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTLS:NVG Share Price ÷ Book Value per Share (both in EUR)

= 3.32 ÷ 1.48

2.24x

* Primary Listing of Navigator Company.

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

  • Navigator Company is overvalued based on assets compared to the Europe Forestry industry average.
X
Value checks
We assess Navigator Company'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. Navigator Company has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

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

Future Performance

 How is Navigator Company expected to perform in the next 1 to 3 years based on estimates from 5 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
-2.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Navigator Company expected to grow at an attractive rate?
  • Navigator Company's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Navigator Company's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Navigator Company'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:PO9 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:PO9 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts -2.4%
DB:PO9 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts -0.1%
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:PO9 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:PO9 Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 1,650 156 1
2022-12-31 1,774 360 211 4
2021-12-31 1,796 372 223 4
2020-12-31 1,780 369 224 5
2019-12-31 1,747 392 214 4
2019-10-13
DB:PO9 Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 1,732 370 201
2019-03-31 1,734 239 221
2018-12-31 1,697 360 225
2018-09-30 1,694 335 234
2018-06-30 1,656 347 231
2018-03-31 1,644 436 225
2017-12-31 1,648 306 208
2017-09-30 1,639 327 229
2017-06-30 1,612 299 228
2017-03-31 1,599 273 208
2016-12-31 1,593 282 218
2016-09-30 1,601 301 189

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Navigator Company's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Navigator Company'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:PO9 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 5 Analyst Estimates (S&P Global) See Below

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

DB:PO9 Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 0.30 0.35 0.26 3.00
2021-12-31 0.32 0.36 0.27 3.00
2020-12-31 0.30 0.36 0.27 5.00
2019-12-31 0.29 0.31 0.28 4.00
2019-10-13
DB:PO9 Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 0.28
2019-03-31 0.31
2018-12-31 0.31
2018-09-30 0.33
2018-06-30 0.32
2018-03-31 0.31
2017-12-31 0.29
2017-09-30 0.32
2017-06-30 0.32
2017-03-31 0.30
2016-12-31 0.31
2016-09-30 0.27

*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.
  • Navigator Company is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Navigator Company'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.
Navigator Company 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.

Past Performance

  How has Navigator Company 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 Navigator Company'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.
  • Navigator Company's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Navigator Company's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Navigator Company's 1-year earnings growth is negative, it can't be compared to the Europe Forestry industry average.
Earnings and Revenue History
Navigator Company'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 Navigator Company Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PO9 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 1,732.34 200.59 181.23
2019-03-31 1,733.58 221.16 189.23
2018-12-31 1,696.83 225.14 193.59
2018-09-30 1,694.21 233.74 196.14
2018-06-30 1,656.48 231.17 190.82
2018-03-31 1,643.64 225.44 194.24
2017-12-31 1,647.95 207.77 190.45
2017-09-30 1,638.64 229.01 183.06
2017-06-30 1,612.11 228.08 179.39
2017-03-31 1,598.82 208.35 183.80
2016-12-31 1,593.48 217.50 173.07
2016-09-30 1,600.98 188.77 205.39
2016-06-30 1,637.99 181.42 204.26
2016-03-31 1,642.82 199.34 189.11
2015-12-31 1,645.61 196.40 180.59
2015-09-30 1,635.07 190.28 156.22
2015-06-30 1,614.41 191.34 153.27
2015-03-31 1,588.98 182.41 135.58
2014-12-31 1,565.10 181.47 142.86
2014-09-30 1,537.94 193.42 132.47
2014-06-30 1,529.42 202.95 133.98
2014-03-31 1,538.52 206.20 144.79
2013-12-31 1,531.78 210.04 135.34
2013-09-30 1,535.48 200.70 137.56
2013-06-30 1,517.59 203.13 137.42
2013-03-31 1,516.49 203.55 140.33
2012-12-31 1,507.83 211.17 142.97

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

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

DB:PO9 Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 1,060.14 920.36 116.55
2019-03-31 1,222.16 857.94 175.56
2018-12-31 1,186.62 768.54 81.00
2018-09-30 1,151.03 827.08 92.87
2018-06-30 1,086.79 848.97 105.06
2018-03-31 1,222.29 767.36 207.28
2017-12-31 1,184.88 821.31 127.16
2017-09-30 1,140.96 856.96 113.58
2017-06-30 1,084.14 826.83 93.05
2017-03-31 1,273.56 710.89 90.51
2016-12-31 1,233.27 713.79 67.54
2016-09-30 1,159.98 775.21 51.79
2016-06-30 1,120.47 841.48 49.40
2016-03-31 1,260.24 698.63 58.42
2015-12-31 1,214.26 727.15 73.53
2015-09-30 1,273.60 649.70 62.07
2015-06-30 1,232.63 634.15 75.03
2015-03-31 1,480.73 642.87 359.55
2014-12-31 1,453.66 774.23 499.55
2014-09-30 1,408.65 784.29 472.86
2014-06-30 1,364.49 783.61 391.20
2014-03-31 1,518.16 833.60 580.26
2013-12-31 1,479.83 832.64 524.84
2013-09-30 1,506.84 857.35 594.20
2013-06-30 1,458.15 842.82 484.58
2013-03-31 1,524.62 709.88 367.11
2012-12-31 1,480.84 693.33 330.03
  • Navigator Company's level of debt (86.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (57.4% vs 86.8% today).
  • Debt is well covered by operating cash flow (40.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 29.9x coverage).
X
Financial health checks
We assess Navigator Company'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. Navigator Company 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 Navigator Company'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
8.42%
Current annual income from Navigator Company dividends. Estimated to be 7.56% next year.
If you bought €2,000 of Navigator Company shares you are expected to receive €168 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?
  • Navigator Company's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • Navigator Company'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:PO9 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 5 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:PO9 Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.19 1.00
2022-12-31 0.23 4.00
2021-12-31 0.24 4.00
2020-12-31 0.26 5.00
2019-12-31 0.28 5.00
2019-10-13
DB:PO9 Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-05-03 0.279 8.744
2018-04-27 0.237 5.456
2018-02-08 0.237 5.193
2017-05-31 0.349 8.622
2017-05-04 0.349 8.748
2016-05-30 0.237 7.867
2016-04-19 0.237 8.098
2015-06-04 0.433 12.887
2015-04-07 0.433 10.252
2015-02-10 0.433 10.891
2014-05-21 0.222 6.940
2013-03-11 0.160 5.638
2012-05-15 0.221 10.301
2011-11-30 0.000 0.000
2011-10-20 0.000 0.000
2011-08-31 0.000 0.000
2011-07-21 0.000 0.000
2010-12-20 0.000 0.000
2010-09-01 0.083 3.619
2010-05-31 0.083 3.891
2010-03-26 0.083 4.075
2009-08-31 0.105 5.373
2009-06-01 0.105 6.013
2009-03-24 0.084 5.423
2009-02-19 0.105 7.421

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Navigator Company's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.3x coverage).
X
Income/ dividend checks
We assess Navigator Company'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 Navigator Company afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Navigator Company 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 Navigator Company'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
Diogo António da Silveira
COMPENSATION €642,713
TENURE AS CEO 5.5 years
CEO Bio

Engineer Diogo António Rodrigues da Silveira serves as the Chief Executive Officer at The Navigator Company, S.A. (Formerly known as Portucel- Empresa Produtora de Papel SA) and serves as its Chairman of Executive Board. Engineer da Silveira served as Deputy Chairman of the Board of Director at The Navigator Company, S.A. until April 2019. Engineer da Silveira serves as the Chief Executive Officer of Soporcel-Sociedade Portuguesa de Papel, S.A. Engineer da Silveira serves as the Chairman of the Executive Board of About the Future – Empresa Produtora de Papel, S.A. Engineer da Silveira served as the Chief Executive Officer of Companhia de Seguros Açoreana, S.A. Engineer da Silveira serves as the Chairman of the Board of Directors of Celcacia – Celulose de Cacia, S.A., Celset- Celulose de Setúbal S.A., Colombo Energy, Inc. Eucaliptusland, Sociedade de Gestão de Património Florestal, S.A., Portucel Papel Setúbal S.A., PortucelSoporcel Energia, SGPS, S.A., PortucelSoporcel Fine Paper, S.A., Soporcel Pulp, Sociedade Portuguesa de Celulose, S.A., PortucelSoporcel Floresta SGPS, S.A., Portucel Florestal – Sociedade de Desenvolvimento Agro-Florestal, S.A., PortucelSoporcel Internacional– SGPS, S.A., PortucelSoporcel Papel, SGPS, S.A. and PortucelSoporcel Parques Industriais,S.A., PortucelSoporcel Participações, SGPS, S.A., PortucelSoporcel Pulp, SGPS, S.A. and Portucel Soporcel Sales & Marketing, S.A. Engineer da Silveira serves as a Director of Portucel Soporcel Switzerland Ltd. and About the Future – Empresa Produtora de Papel, S.A. Engineer da Silveira served as a Non-Executive Director of BANIF - Banco Internacional do Funchal S.A. Engineer da Silveira holds Diplôme d’Ingénieur. Ecole Centrale de Lille, France (1984) and Research Scholar at Berkeley UC. USA, (1984); MBA INSEAD, France (1989).

CEO Compensation
  • Diogo António's compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.
  • Diogo António's remuneration is lower than average for companies of similar size in Germany.
Management Team

Diogo António da Silveira

TITLE
Chairman of Executive Board & CEO
COMPENSATION
€643K
TENURE
5.5 yrs

Antonio Jose Redondo

TITLE
Member of Executive Board & Executive Director
COMPENSATION
€25K

Jose Fernando Morais de Araújo

TITLE
Member of Executive Board & Executive Director
COMPENSATION
€25K

Nuno Miguel de Araújo dos Santos

TITLE
Member of Executive Board & Executive Director
COMPENSATION
€464K

João Paulo Oliveira

TITLE
Member of Executive Board & Executive Director
COMPENSATION
€389K

Joana de Avelar Pedrosa Lã Appleton

TITLE
Head of Investor Relations & Market Relations Officer

António Pedro Gomes Paula Alves

TITLE
Head of Legal Office & Company Secretary

Rui Batista

TITLE
Head of Communication & Brand

António Soares

TITLE
Marketing Manager
TENURE
3.7 yrs

Joao Ventura

TITLE
Head of Human Resources - Corporate Area
Board of Directors Tenure

Average tenure of the Navigator Company board of directors in years:

8.8
Average Tenure
  • The tenure for the Navigator Company board of directors is about average.
Board of Directors

João Nuno de Sottomayor de Castello Branco

TITLE
Chairman of the Board

Antonio Jose Redondo

TITLE
Member of Executive Board & Executive Director
COMPENSATION
€25K
TENURE
12.5 yrs

Jose Fernando Morais de Araújo

TITLE
Member of Executive Board & Executive Director
COMPENSATION
€25K
TENURE
12.5 yrs

Nuno Miguel de Araújo dos Santos

TITLE
Member of Executive Board & Executive Director
COMPENSATION
€464K
TENURE
4.5 yrs

João Paulo Oliveira

TITLE
Member of Executive Board & Executive Director
COMPENSATION
€389K
TENURE
4.3 yrs

José de Oliveira Vitorino

TITLE
President of Audit Board
TENURE
1.8 yrs

Adriano da Silva Silveira

TITLE
Non-Executive Director
TENURE
12.8 yrs

Manuel Soares Regalado

TITLE
Non-Executive Director
COMPENSATION
€77K
TENURE
15.8 yrs

José Miguel Gens Paredes

TITLE
Non-Executive Director
TENURE
8.8 yrs

Ricardo dos Santos Pacheco Pires

TITLE
Non-Executive Director
TENURE
4.8 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 Navigator Company'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. Navigator Company 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

The Navigator Company, S.A. manufactures and markets pulp and paper products in Portugal. It operates through Market Pulp, UWF Paper, Tissue Paper, and Other segments. The company offers its products under the Inacopia, Pioneer, Target, Multioffice, Discovery, and Navigator brands for home and office use. It also produces forestry plants, bleached eucalyptus Kraft pulp, and pellets; and generates electricity from biomass. The company also exports its products to approximately 130 countries, such as Europe, Africa, the Middle East, North America, and internationally. The company was formerly known as Portucel, S.A. and changed its name to The Navigator Company, S.A. in February 2016. The Navigator Company, S.A. was founded in 1953 and is headquartered in Setúbal, Portugal.

Details
Name: The Navigator Company, S.A.
PO9
Exchange: DB
Founded: 1953
€2,373,189,156
714,816,011
Website: http://www.thenavigatorcompany.com
Address: The Navigator Company, S.A.
Mitrena,
Apartado 55,
Setúbal,
Lisbon, 2901-861,
Portugal
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTLS NVG Ordinary Shares Euronext Lisbon PT EUR 11. Jul 1995
DB PO9 Ordinary Shares Deutsche Boerse AG DE EUR 11. Jul 1995
LSE 0KLO Ordinary Shares London Stock Exchange GB EUR 11. Jul 1995
BMV NVG N Ordinary Shares Bolsa Mexicana de Valores MX MXN 11. Jul 1995
BATS-CHIXE NVGU Ordinary Shares BATS 'Chi-X Europe' GB EUR 11. Jul 1995
Number of employees
Current staff
Staff numbers
3,265
Navigator Company 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: 2019/09/30
Last earnings filing: 2019/09/30
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.