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Sonae Indústria S.G.P.S

DB:S4LB
Snowflake Description

Mediocre balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
S4LB
DB
€49M
Market Cap
  1. Home
  2. DE
  3. Materials
Company description

Sonae Indústria, S.G.P.S., S.A., together with its subsidiaries, produces and sells wood based panels and derivative products in Europe and internationally. The last earnings update was 74 days ago. More info.


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S4LB Share Price and Events
7 Day Returns
-1.9%
DB:S4LB
6.5%
Europe Forestry
2.5%
DE Market
1 Year Returns
-50.2%
DB:S4LB
-11.9%
Europe Forestry
2.6%
DE Market
S4LB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sonae Indústria S.G.P.S (S4LB) -1.9% -5.5% -8% -50.2% -17.6% -98.7%
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
  • S4LB underperformed the Forestry industry which returned -11.9% over the past year.
  • S4LB underperformed the Market in Germany which returned 2.6% over the past year.
Price Volatility
S4LB
Industry
5yr Volatility vs Market

S4LB Value

 Is Sonae Indústria S.G.P.S 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 Sonae Indústria S.G.P.S 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 Sonae Indústria S.G.P.S.

DB:S4LB 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 18.3%
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:S4LB
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%) (437.78%))
4.415
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (2 * 9.02%)
18.27%

Discounted Cash Flow Calculation for DB:S4LB using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Sonae Indústria S.G.P.S 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:S4LB DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 18.27%)
2020 1.66 Est @ -38.47% 1.40
2021 1.21 Est @ -26.86% 0.87
2022 0.99 Est @ -18.73% 0.60
2023 0.86 Est @ -13.04% 0.44
2024 0.78 Est @ -9.06% 0.34
2025 0.73 Est @ -6.28% 0.27
2026 0.70 Est @ -4.32% 0.22
2027 0.68 Est @ -2.96% 0.18
2028 0.67 Est @ -2% 0.15
2029 0.66 Est @ -1.33% 0.12
Present value of next 10 years cash flows €4.00
DB:S4LB DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €0.66 × (1 + 0.23%) ÷ (18.27% – 0.23%)
€3.65
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €3.65 ÷ (1 + 18.27%)10
€0.68
DB:S4LB Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €4.00 + €0.68
€4.68
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €4.68 / 45.40
€0.1
DB:S4LB Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:S4LB represents 0.95814x of ENXTLS:SONI
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.95814x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 0.10 x 0.95814
€0.10
Value per share (EUR) From above. €0.10
Current discount Discount to share price of €1.03
= -1 x (€1.03 - €0.10) / €0.10
-942.6%

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

  • The current share price of Sonae Indústria S.G.P.S 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 Sonae Indústria S.G.P.S's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sonae Indústria S.G.P.S's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:S4LB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €-0.12
ENXTLS:SONI Share Price ** ENXTLS (2019-10-11) in EUR €1.08
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 Sonae Indústria S.G.P.S.

DB:S4LB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 1.08 ÷ -0.12

-8.86x

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

  • Sonae Indústria S.G.P.S is loss making, we can't compare its value to the Europe Forestry industry average.
  • Sonae Indústria S.G.P.S is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Sonae Indústria S.G.P.S's expected growth come at a high price?
Raw Data
DB:S4LB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -8.86x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
108.9%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 .

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

  • Unable to calculate PEG ratio for Sonae Indústria S.G.P.S, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Sonae Indústria S.G.P.S's assets?
Raw Data
DB:S4LB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €3.11
ENXTLS:SONI Share Price * ENXTLS (2019-10-11) in EUR €1.08
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:S4LB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1.08 ÷ 3.11

0.35x

* Primary Listing of Sonae Indústria S.G.P.S.

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

  • Sonae Indústria S.G.P.S is good value based on assets compared to the Europe Forestry industry average.
X
Value checks
We assess Sonae Indústria S.G.P.S'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. Sonae Indústria S.G.P.S 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.

S4LB Future Performance

 How is Sonae Indústria S.G.P.S 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
108.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sonae Indústria S.G.P.S expected to grow at an attractive rate?
  • Sonae Indústria S.G.P.S's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Sonae Indústria S.G.P.S's earnings growth is expected to exceed the Germany market average.
  • Sonae Indústria S.G.P.S's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:S4LB Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:S4LB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 108.9%
DB:S4LB Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 0.5%
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:S4LB 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 EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:S4LB Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 228 24 1
2019-12-31 224 19 1
2019-10-12
DB:S4LB Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 226 13 -6
2019-03-31 224 14 8
2018-12-31 222 19 11
2018-09-30 223 23 17
2018-06-30 223 25 20
2018-03-31 228 28 13
2017-12-31 233 24 15
2017-09-30 239 21 15
2017-06-30 244 25 14
2017-03-31 245 24 8
2016-12-31 243 27 3
2016-09-30 237 55 6

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sonae Indústria S.G.P.S's earnings are expected to grow significantly at over 20% yearly.
  • Sonae Indústria S.G.P.S's revenue is expected to grow by 0.5% 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:S4LB 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 Sonae Indústria S.G.P.S Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:S4LB Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.52 0.52 0.52 1.00
2019-12-31 0.41 0.41 0.41 1.00
2019-10-12
DB:S4LB Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 -0.12
2019-03-31 0.19
2018-12-31 0.24
2018-09-30 0.37
2018-06-30 0.45
2018-03-31 0.27
2017-12-31 0.34
2017-09-30 0.33
2017-06-30 0.30
2017-03-31 0.18
2016-12-31 0.07
2016-09-30 0.13

*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 Sonae Indústria S.G.P.S will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Sonae Indústria S.G.P.S'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.
Sonae Indústria S.G.P.S 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.

S4LB Past Performance

  How has Sonae Indústria S.G.P.S 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 Sonae Indústria S.G.P.S'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.
  • Sonae Indústria S.G.P.S does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Sonae Indústria S.G.P.S's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Sonae Indústria S.G.P.S's 1-year growth to the Europe Forestry industry average as it is not currently profitable.
Earnings and Revenue History
Sonae Indústria S.G.P.S'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 Sonae Indústria S.G.P.S Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:S4LB Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 226.49 -5.51 76.99
2019-03-31 224.47 8.43 76.07
2018-12-31 221.94 11.03 75.04
2018-09-30 222.81 16.94 73.85
2018-06-30 222.91 20.13 73.08
2018-03-31 227.68 12.64 73.23
2017-12-31 233.21 15.27 73.13
2017-09-30 239.22 14.51 76.62
2017-06-30 244.25 13.84 76.66
2017-03-31 245.11 8.35 76.97
2016-12-31 242.94 3.08 77.37
2016-09-30 236.96 5.99 74.38
2016-06-30 233.56 3.47 74.58
2016-03-31 231.05 4.62 74.14
2015-12-31 229.58 5.01 73.59
2015-09-30 419.01 -8.29 130.93
2015-06-30 604.47 -16.62 210.65
2015-03-31 809.17 -25.81 295.89
2014-12-31 1,020.78 -42.32 382.28
2014-09-30 916.62 -10.60 327.73
2014-06-30 960.88 -21.71 352.81
2014-03-31 1,013.45 -29.14 383.14
2013-12-31 1,060.09 -30.02 414.24
2013-09-30 1,240.37 -71.62 525.05
2013-06-30 1,263.65 -69.64 540.71
2013-03-31 1,288.42 -68.23 550.92
2012-12-31 1,331.39 -54.22 561.55

*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.
  • It is difficult to establish if Sonae Indústria S.G.P.S has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Sonae Indústria S.G.P.S used its assets less efficiently than the Europe Forestry industry average last year based on Return on Assets.
  • It is difficult to establish if Sonae Indústria S.G.P.S improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Sonae Indústria S.G.P.S'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.
Sonae Indústria S.G.P.S has a total score of 0/6, 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.

S4LB Health

 How is Sonae Indústria S.G.P.S'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 Sonae Indústria S.G.P.S's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sonae Indústria S.G.P.S's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Sonae Indústria S.G.P.S's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Sonae Indústria S.G.P.S'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 0.3x 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 Sonae Indústria S.G.P.S Company Filings, last reported 3 months ago.

DB:S4LB Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 141.07 207.14 3.18
2019-03-31 139.75 206.84 2.18
2018-12-31 135.53 205.43 10.62
2018-09-30 145.25 205.62 2.14
2018-06-30 140.58 209.46 2.88
2018-03-31 126.38 209.03 1.75
2017-12-31 126.11 211.35 4.08
2017-09-30 125.89 211.42 2.82
2017-06-30 120.34 214.51 3.06
2017-03-31 116.72 221.12 2.65
2016-12-31 110.34 216.76 4.80
2016-09-30 74.76 219.58 3.90
2016-06-30 68.74 226.80 6.58
2016-03-31 63.25 574.32 16.05
2015-12-31 57.67 576.65 28.92
2015-09-30 70.54 577.77 19.00
2015-06-30 90.34 591.97 11.74
2015-03-31 104.57 578.47 8.82
2014-12-31 110.87 546.92 11.95
2014-09-30 81.48 682.81 24.92
2014-06-30 88.91 678.95 15.64
2014-03-31 97.45 691.23 24.44
2013-12-31 127.15 666.14 26.99
2013-09-30 76.93 669.75 27.93
2013-06-30 95.60 658.32 12.68
2013-03-31 117.89 667.23 11.26
2012-12-31 131.95 647.73 23.18
  • Sonae Indústria S.G.P.S's level of debt (146.8%) 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 (764.3% vs 146.8% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Sonae Indústria S.G.P.S has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Sonae Indústria S.G.P.S has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 61.3% per year.
X
Financial health checks
We assess Sonae Indústria S.G.P.S'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. Sonae Indústria S.G.P.S 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.

S4LB Dividends

 What is Sonae Indústria S.G.P.S's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Sonae Indústria S.G.P.S dividends.
If you bought €2,000 of Sonae Indústria S.G.P.S shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Sonae Indústria S.G.P.S's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Sonae Indústria S.G.P.S's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:S4LB 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:S4LB Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31
2019-10-12
DB:S4LB Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2009-11-26 0.000 0.000
2009-11-05 0.000 0.000
2009-07-31 0.000 0.000
2009-07-30 0.000 0.000
2009-05-29 0.000 0.000
2009-05-06 0.000 0.000
2009-04-29 0.000 0.000

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

  • Unable to perform a dividend volatility check as Sonae Indústria S.G.P.S has not reported any payouts.
  • Unable to verify if Sonae Indústria S.G.P.S's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Sonae Indústria S.G.P.S's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Sonae Indústria S.G.P.S has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Sonae Indústria S.G.P.S'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 Sonae Indústria S.G.P.S afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sonae Indústria S.G.P.S has a total score of 0/6, see the detailed checks below.


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

S4LB Management

 What is the CEO of Sonae Indústria S.G.P.S'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.
  • Sonae Indústria S.G.P.S has no CEO, or we have no data on them.
Management Team Tenure

Average tenure of the Sonae Indústria S.G.P.S management team in years:

3.3
Average Tenure
  • The tenure for the Sonae Indústria S.G.P.S management team is about average.
Management Team

Chris Lawrie

TITLE
CFO, MD & Executive Director
COMPENSATION
€598K
AGE
62
TENURE
1.8 yrs

Louis Brassard

TITLE
MD & Director
COMPENSATION
€446K
TENURE
3.3 yrs

João Mangericão

TITLE
Manager of Investor Relations Department

Júlia Moreira da Silva Santos

TITLE
Secretary & Head of Legal Department

Frederico Moniz

TITLE
Chief Operating Officer of Laminates & Components
TENURE
3.3 yrs
Board of Directors Tenure

Average tenure and age of the Sonae Indústria S.G.P.S board of directors in years:

4
Average Tenure
62
Average Age
  • The tenure for the Sonae Indústria S.G.P.S board of directors is about average.
Board of Directors

Duarte Paulo de Azevedo

TITLE
Non-Executive Chairman
COMPENSATION
€52K
AGE
54

Carlos António da Rocha Moreira da Silva

TITLE
Vice-Chairman
COMPENSATION
€32K
AGE
67

Chris Lawrie

TITLE
CFO, MD & Executive Director
COMPENSATION
€598K
AGE
62
TENURE
6.5 yrs

Louis Brassard

TITLE
MD & Director
COMPENSATION
€446K
TENURE
3.3 yrs

Javier de Seoane Azpilicueta

TITLE
Non-Executive Independent Director
COMPENSATION
€29K
TENURE
7.6 yrs

António Augusto Trabulo

TITLE
Chairman of Statutory Audit Board
TENURE
1.8 yrs

Albrecht Olof Ehlers

TITLE
Non-Executive Independent Director
COMPENSATION
€41K
TENURE
8.1 yrs

José Joaquim de Sousa

TITLE
Non-Executive Independent Director
COMPENSATION
€29K
TENURE
4.6 yrs

Berta Maria Nogueira da Cunha

TITLE
Non-Executive Independent Director
COMPENSATION
€20K
TENURE
1.4 yrs

Isabel Sofia Bragança de Barros

TITLE
Non-Executive Director
COMPENSATION
€18K
TENURE
1.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Sonae Indústria S.G.P.S'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. Sonae Indústria S.G.P.S 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.

S4LB News

Simply Wall St News

S4LB Company Info

Description

Sonae Indústria, S.G.P.S., S.A., together with its subsidiaries, produces and sells wood based panels and derivative products in Europe and internationally. It offers raw board products, including particleboards, medium density fiberboards, and oriented strand boards; and value added products, such as melamine faced boards, accoustic panels, veneer faced boards, laminates, and flooring products. The company also provides chemical products. It serves furniture, construction, flooring, building, and decoration industries. The company was formerly known as Sonae 3P – Panels, Pulp and Paper, SGPS, SA and changed its name to Sonae Indústria, S.G.P.S., S.A. in December 2005. Sonae Indústria, S.G.P.S., S.A. was founded in 1959 and is headquartered in Maia, Portugal.

Details
Name: Sonae Indústria, S.G.P.S., S.A.
S4LB
Exchange: DB
Founded: 1959
€48,808,256
45,403,029
Website: http://www.sonaeindustria.com
Address: Sonae Indústria, S.G.P.S., S.A.
Lugar do Espido,
Via Norte,
Maia,
Norte, 4470-177,
Portugal
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTLS SONI Common Shares Euronext Lisbon PT EUR 26. Jan 2005
DB S4LB Common Shares Deutsche Boerse AG DE EUR 26. Jan 2005
BATS-CHIXE SONIU Common Shares BATS 'Chi-X Europe' GB EUR 26. Jan 2005
Number of employees
Current staff
Staff numbers
503
Sonae Indústria S.G.P.S employees.
Industry
Forest Products
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/12 21:03
End of day share price update: 2019/10/11 00:00
Last estimates confirmation: 2019/09/20
Last earnings filing: 2019/07/30
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.