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Klassik Radio

DB:KA8
Snowflake Description

Outstanding track record with flawless balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KA8
DB
€32M
Market Cap
  1. Home
  2. DE
  3. Media
Company description

Klassik Radio AG operates radio broadcasting stations in Germany. The last earnings update was 116 days ago. More info.


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KA8 Share Price and Events
7 Day Returns
-0.8%
DB:KA8
-1.2%
DE Media
-0.9%
DE Market
1 Year Returns
-1.5%
DB:KA8
0.7%
DE Media
11.1%
DE Market
KA8 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Klassik Radio (KA8) -0.8% -4.4% -11.6% -1.5% 58.9% 72%
DE Media -1.2% -5.2% -0.3% 0.7% -14.2% -20.2%
DE Market -0.9% 0.4% 7.7% 11.1% 11.1% 16.9%
1 Year Return vs Industry and Market
  • KA8 underperformed the Media industry which returned 0.7% over the past year.
  • KA8 underperformed the Market in Germany which returned 11.1% over the past year.
Price Volatility
KA8
Industry
5yr Volatility vs Market

Value

 Is Klassik Radio 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 Klassik Radio 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 Klassik Radio.

DB:KA8 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 4.2%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

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:KA8
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Media Unlevered Beta Simply Wall St/ S&P Global 0.77
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.767 (1 + (1- 30%) (1.25%))
0.848
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.85
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.848 * 5.44%)
4.22%

Discounted Cash Flow Calculation for DB:KA8 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Klassik Radio 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:KA8 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 4.22%)
2020 2.50 Analyst x1 2.40
2021 2.40 Analyst x1 2.21
2022 2.80 Analyst x1 2.47
2023 3.30 Analyst x1 2.80
2024 3.53 Est @ 7.02% 2.87
2025 3.70 Est @ 4.79% 2.89
2026 3.82 Est @ 3.24% 2.86
2027 3.90 Est @ 2.15% 2.80
2028 3.96 Est @ 1.39% 2.73
2029 3.99 Est @ 0.85% 2.64
Present value of next 10 years cash flows €26.00
DB:KA8 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €3.99 × (1 + -0.39%) ÷ (4.22% – -0.39%)
€86.16
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €86.16 ÷ (1 + 4.22%)10
€56.97
DB:KA8 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €26.00 + €56.97
€82.97
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €82.97 / 4.83
€17.19
DB:KA8 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:KA8 represents 0.99231x of XTRA:KA8
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99231x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 17.19 x 0.99231
€17.06
Value per share (EUR) From above. €17.06
Current discount Discount to share price of €6.45
= -1 x (€6.45 - €17.06) / €17.06
62.2%

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

Current Discount
Amount off the current price Klassik Radio is available for.
Intrinsic value
>50%
Share price is €6.45 vs Future cash flow value of €17.06
Current Discount Checks
For Klassik Radio to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Klassik Radio's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Klassik Radio's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Klassik Radio's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Klassik Radio's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:KA8 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €0.47
XTRA:KA8 Share Price ** XTRA (2019-12-05) in EUR €6.5
Germany Media Industry PE Ratio Median Figure of 13 Publicly-Listed Media Companies 24.7x
Germany Market PE Ratio Median Figure of 404 Publicly-Listed Companies 20.32x

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

** Primary Listing of Klassik Radio.

DB:KA8 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= XTRA:KA8 Share Price ÷ EPS (both in EUR)

= 6.5 ÷ 0.47

13.81x

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

  • Klassik Radio is good value based on earnings compared to the DE Media industry average.
  • Klassik Radio is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Klassik Radio's expected growth come at a high price?
Raw Data
DB:KA8 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.81x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
10.5%per year
Germany Media Industry PEG Ratio Median Figure of 8 Publicly-Listed Media Companies 2.02x
Germany Market PEG Ratio Median Figure of 261 Publicly-Listed Companies 1.42x

*Line of best fit is calculated by linear regression .

DB:KA8 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.81x ÷ 10.5%

1.31x

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

  • Klassik Radio is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Klassik Radio's assets?
Raw Data
DB:KA8 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €2.04
XTRA:KA8 Share Price * XTRA (2019-12-05) in EUR €6.5
Germany Media Industry PB Ratio Median Figure of 14 Publicly-Listed Media Companies 3.05x
Germany Market PB Ratio Median Figure of 578 Publicly-Listed Companies 1.84x
DB:KA8 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= XTRA:KA8 Share Price ÷ Book Value per Share (both in EUR)

= 6.5 ÷ 2.04

3.18x

* Primary Listing of Klassik Radio.

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

  • Klassik Radio is overvalued based on assets compared to the DE Media industry average.
X
Value checks
We assess Klassik Radio'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 Media 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 Media industry average (and greater than 0)? (1 check)
  5. Klassik Radio has a total score of 4/6, 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 Klassik Radio 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
10.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Klassik Radio expected to grow at an attractive rate?
  • Klassik Radio's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Klassik Radio's earnings growth is positive but not above the Germany market average.
  • Klassik Radio's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:KA8 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:KA8 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 10.5%
DB:KA8 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 8%
Germany Media Industry Earnings Growth Rate Market Cap Weighted Average 7.9%
Germany Media Industry Revenue Growth Rate Market Cap Weighted Average 3.2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13%
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:KA8 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 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:KA8 Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 26 4 4 1
2022-12-31 24 4 3 1
2021-12-31 22 3 3 1
2020-12-31 20 3 3 1
2019-12-31 19 3 2 1
2019-12-05
DB:KA8 Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 18 3 2
2019-03-31 17 2 2
2018-12-31 16 1 2
2018-09-30 15 1 1
2018-06-30 14 1 1
2018-03-31 14 1 1
2017-12-31 14 2 1
2017-09-30 14 2 2
2017-06-30 14 2 2
2017-03-31 14 1 2
2016-12-31 13 1 2
2016-09-30 14 0 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Klassik Radio's earnings are expected to grow by 10.5% yearly, however this is not considered high growth (20% yearly).
  • Klassik Radio's revenue is expected to grow by 8% 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:KA8 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Klassik Radio Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:KA8 Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 0.78 0.78 0.78 1.00
2022-12-31 0.66 0.66 0.66 1.00
2021-12-31 0.59 0.59 0.59 1.00
2020-12-31 0.59 0.59 0.59 1.00
2019-12-31 0.45 0.45 0.45 1.00
2019-12-05
DB:KA8 Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 0.47
2019-03-31 0.40
2018-12-31 0.33
2018-09-30 0.26
2018-06-30 0.18
2018-03-31 0.22
2017-12-31 0.26
2017-09-30 0.36
2017-06-30 0.45
2017-03-31 0.42
2016-12-31 0.38
2016-09-30 0.33

*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 Klassik Radio will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Klassik Radio'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany 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.
Klassik Radio 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 Klassik Radio 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 Klassik Radio's growth in the last year to its industry (Media).
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.
  • Klassik Radio has delivered over 20% year on year earnings growth in the past 5 years.
  • Klassik Radio's 1-year earnings growth exceeds its 5-year average (172.9% vs 39.6%)
  • Klassik Radio's earnings growth has exceeded the DE Media industry average in the past year (172.9% vs -8.9%).
Earnings and Revenue History
Klassik Radio'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 Klassik Radio Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:KA8 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 17.71 2.34 0.26
2019-03-31 16.65 1.97 0.26
2018-12-31 15.58 1.60 0.26
2018-09-30 14.67 1.23 0.25
2018-06-30 14.13 0.86 0.25
2018-03-31 14.24 1.06 0.25
2017-12-31 14.36 1.27 0.25
2017-09-30 14.13 1.73 0.25
2017-06-30 13.90 2.19 0.25
2017-03-31 13.66 2.01 0.25
2016-12-31 13.42 1.83 0.25
2016-09-30 14.08 1.59 0.43
2016-06-30 11.31 -0.60 0.31
2016-03-31 10.81 -1.07 0.31
2015-12-31 10.25 -1.28 0.31
2015-09-30 8.91 -0.91 0.30
2015-06-30 9.40 -0.09 0.30
2015-03-31 9.60 0.30 0.30
2014-12-31 10.01 0.64 0.30
2014-09-30 9.18 -0.21 0.08
2014-06-30 9.82 0.55 0.08
2014-03-31 10.20 0.60 0.08
2013-12-31 10.53 0.58 0.08
2013-09-30 10.45 0.45
2013-06-30 10.42 -0.52
2013-03-31 10.13 -0.69
2012-12-31 9.43 -0.63

*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.
  • Klassik Radio has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Klassik Radio used its assets more efficiently than the DE Media industry average last year based on Return on Assets.
  • Klassik Radio has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Klassik Radio'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 Media 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.
Klassik Radio has a total score of 6/6, 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 Klassik Radio'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 Klassik Radio's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Klassik Radio is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Klassik Radio's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Klassik Radio'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 471.3x 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 Klassik Radio Company Filings, last reported 5 months ago.

DB:KA8 Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 9.85 0.01 2.09
2019-03-31 9.85 0.01 2.09
2018-12-31 9.46 0.08 0.59
2018-09-30 9.46 0.08 0.59
2018-06-30 7.50 0.36 0.24
2018-03-31 7.50 0.36 0.24
2017-12-31 7.87 0.84 0.33
2017-09-30 7.87 0.84 0.33
2017-06-30 6.65 1.01 0.52
2017-03-31 6.65 1.01 0.52
2016-12-31 6.60 2.12 0.57
2016-09-30 6.60 2.12 0.57
2016-06-30 4.46 1.94 0.41
2016-03-31 4.46 1.94 0.41
2015-12-31 4.77 2.09 0.31
2015-09-30 3.94 2.09 0.04
2015-06-30 5.06 1.99 0.02
2015-03-31 5.68 1.82 0.03
2014-12-31 6.04 1.71 0.37
2014-09-30 4.84 1.17 0.02
2014-06-30 5.15 0.97 0.02
2014-03-31 5.96 1.15 0.03
2013-12-31 5.98 0.99 0.16
2013-09-30 5.63 1.26 0.02
2013-06-30 5.17 0.95 0.02
2013-03-31 5.90 0.89 0.20
2012-12-31 5.93 0.70 0.10
  • Klassik Radio's level of debt (0.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (15.3% vs 0.1% today).
  • Debt is well covered by operating cash flow (21458.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 34.5x coverage).
X
Financial health checks
We assess Klassik Radio'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. Klassik Radio has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is Klassik Radio'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
3.23%
Current annual income from Klassik Radio dividends. Estimated to be 4.21% next year.
If you bought €2,000 of Klassik Radio shares you are expected to receive €65 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?
  • Klassik Radio's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.42%).
  • Klassik Radio's dividend is below the markets top 25% of dividend payers in Germany (3.66%).
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:KA8 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
Germany Media Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 5.9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

DB:KA8 Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.29 1.00
2020-12-31 0.30 1.00
2019-12-31 0.23 1.00
2019-12-05
DB:KA8 Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-08-12 0.210 2.927
2019-05-02 0.210 2.696
2016-08-09 0.000 0.000
2016-05-02 0.000 0.000
2015-05-04 0.120 3.685
2014-05-16 0.120 2.943
2014-01-31 0.110 2.286
2013-05-30 0.110 2.253
2013-02-01 0.110 2.153
2012-05-07 0.100 2.000
2012-01-18 0.100 1.788

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

  • Klassik Radio has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Klassik Radio only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of Klassik Radio's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.1x coverage).
X
Income/ dividend checks
We assess Klassik Radio'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 Klassik Radio afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Klassik Radio has a total score of 3/6, 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 Klassik Radio'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
Ulrich Kubak
COMPENSATION €268,000
CEO Bio

Mr. Ulrich J. R. Kubak serves as the President of the Management Board and Chief Executive Officerof Klassik Radio AG. Mr. Kubak served as Chairman of the Management Board, Chief Visionary Officer, Managing Director and Chairman of Klassik Radio AG.

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

Ulrich Kubak

TITLE
President of the Management Board & CEO
COMPENSATION
€268K

Brigitte Spörl

TITLE
Head of Finance

Tina Jäger

TITLE
Member of the Executive Board

Jürgen Rauch

TITLE
Executive Director
Board of Directors

Dorothee Hallerbach

TITLE
Chairwoman of the Supervisory Board
COMPENSATION
€15K

Philip von Stauffenberg

TITLE
Vice-Chairman of the Supervisory Board
COMPENSATION
€11K
AGE
55

Reinhold Schorer

TITLE
Member of the Supervisory Board
COMPENSATION
€7K
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 Klassik Radio'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. Klassik Radio 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

Klassik Radio AG operates radio broadcasting stations in Germany. The company operates in two segments, Radiosender and Merchandising. The Radiosender segment’s stations broadcast classic hits, film music, and new classics, as well as classical lounge and current economic, stock market, media, and culture news from Germany. This segment offers its radio application with approximately 25 digital channels. The Merchandising segment sells radio´s music products directly through its store, as well as smartphone applications, online-shop, and call centers. This segment also offers CD-products, Blu-rays, digital radios, books and audiobooks, gift boxes, discount benefits, computer accessories, clothing products, and concerts through its online store. The company also provides joint advertising services. The company was formerly known as Klassik AG and changed its name to Klassik Radio AG in 2004. Klassik Radio AG was founded in 2000 and is headquartered in Augsburg, Germany.

Details
Name: Klassik Radio AG
KA8
Exchange: DB
Founded: 2000
€31,603,750
4,825,000
Website: http://www.klassikradio.de
Address: Klassik Radio AG
Imhofstrasse 12,
Augsburg,
Bavaria, 86159,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA KA8 Ordinary Shares XETRA Trading Platform DE EUR 15. Dec 2004
DB KA8 Ordinary Shares Deutsche Boerse AG DE EUR 15. Dec 2004
Number of employees
Current staff
Staff numbers
63
Klassik Radio employees.
Industry
Broadcasting
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/05 20:32
End of day share price update: 2019/12/05 00:00
Last estimates confirmation: 2019/08/16
Last earnings filing: 2019/08/11
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.