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NFON

DB:NFN
Snowflake Description

Adequate balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NFN
DB
€128M
Market Cap
  1. Home
  2. DE
  3. Telecom
Company description

NFON AG provides cloud private branch exchange (PBX) services in Germany, Austria, Italy, the United Kingdom, and Spain. The last earnings update was 128 days ago. More info.


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  • NFON has significant price volatility in the past 3 months.
NFN Share Price and Events
7 Day Returns
-6.9%
DB:NFN
3.7%
DE Telecom
14.8%
DE Market
1 Year Returns
-2.8%
DB:NFN
-22.7%
DE Telecom
-14.1%
DE Market
NFN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
NFON (NFN) -6.9% -22% -9.5% -2.8% - -
DE Telecom 3.7% -22.8% -18.2% -22.7% -31.2% -35.3%
DE Market 14.8% -20% -23.5% -14.1% -22.8% -26.7%
1 Year Return vs Industry and Market
  • NFN outperformed the Telecom industry which returned -22.7% over the past year.
  • NFN outperformed the Market in Germany which returned -14.1% over the past year.
Price Volatility
Industry
5yr Volatility vs Market
Related Companies

NFN Value

 Is NFON 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 NFON 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 NFON.

DB:NFN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 4%
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:NFN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Telecom Unlevered Beta Simply Wall St/ S&P Global 0.36
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.359 (1 + (1- 30%) (14.97%))
0.596
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.8 * 5.44%)
3.96%

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

The calculations below outline how an intrinsic value for NFON 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:NFN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 3.96%)
2020 -8.90 Analyst x4 -8.56
2021 -6.38 Analyst x4 -5.90
2022 2.89 Analyst x2 2.57
2023 5.11 Analyst x1 4.37
2024 6.94 Est @ 35.75% 5.71
2025 8.66 Est @ 24.91% 6.86
2026 10.17 Est @ 17.32% 7.74
2027 11.39 Est @ 12.01% 8.34
2028 12.33 Est @ 8.29% 8.69
2029 13.03 Est @ 5.68% 8.83
Present value of next 10 years cash flows €38.00
DB:NFN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €13.03 × (1 + -0.39%) ÷ (3.96% – -0.39%)
€298.23
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €298.23 ÷ (1 + 3.96%)10
€202.21
DB:NFN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €38.00 + €202.21
€240.21
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €240.21 / 15.06
€15.95
DB:NFN Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:NFN represents 0.98834x of XTRA:NFN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.98834x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 15.95 x 0.98834
€15.77
Value per share (EUR) From above. €15.77
Current discount Discount to share price of €8.90
= -1 x (€8.90 - €15.77) / €15.77
43.6%

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

Current Discount
Amount off the current price NFON is available for.
Intrinsic value
44%
Share price is €8.9 vs Future cash flow value of €15.77
Current Discount Checks
For NFON to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • NFON's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • NFON'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 NFON's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are NFON's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:NFN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in EUR €-0.67
XTRA:NFN Share Price ** XTRA (2020-03-27) in EUR €9
Europe Telecom Industry PE Ratio Median Figure of 61 Publicly-Listed Telecom Companies 17.13x
Germany Market PE Ratio Median Figure of 398 Publicly-Listed Companies 16.62x

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

** Primary Listing of NFON.

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

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

= 9 ÷ -0.67

-13.37x

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

  • NFON is loss making, we can't compare its value to the Europe Telecom industry average.
  • NFON is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does NFON's expected growth come at a high price?
Raw Data
DB:NFN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -13.37x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
45.8%per year
Europe Telecom Industry PEG Ratio Median Figure of 33 Publicly-Listed Telecom Companies 1.35x
Germany Market PEG Ratio Median Figure of 251 Publicly-Listed Companies 1.24x

*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 NFON, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on NFON's assets?
Raw Data
DB:NFN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in EUR €2.72
XTRA:NFN Share Price * XTRA (2020-03-27) in EUR €9
Germany Telecom Industry PB Ratio Median Figure of 7 Publicly-Listed Telecom Companies 1.12x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.43x
DB:NFN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 9 ÷ 2.72

3.3x

* Primary Listing of NFON.

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

  • NFON is overvalued based on assets compared to the DE Telecom industry average.
X
Value checks
We assess NFON'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 Telecom 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 Telecom industry average (and greater than 0)? (1 check)
  5. NFON has a total score of 2/6, see the detailed checks below.

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

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

NFN Future Performance

 How is NFON expected to perform in the next 1 to 3 years based on estimates from 4 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
45.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is NFON expected to grow at an attractive rate?
  • NFON's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • NFON's earnings growth is expected to exceed the Germany market average.
  • NFON's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:NFN Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:NFN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 45.8%
DB:NFN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 15%
Germany Telecom Industry Earnings Growth Rate Market Cap Weighted Average 19.2%
Germany Telecom Industry Revenue Growth Rate Market Cap Weighted Average 1.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*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:NFN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:NFN Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 108 10 1
2023-12-31 101 8 1
2022-12-31 112 7 7 2
2021-12-31 91 -3 -6 4
2020-12-31 71 -6 -8 4
2020-03-28
2019-12-31 57 -8 -10 4
DB:NFN Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-09-30 53 -8 -9
2019-06-30 49 -7 -7
2019-03-31 45 -6 -9
2018-12-31 43 -5 -8
2018-09-30 41 -4 -11
2018-06-30 39 -2 -10
2018-03-31 37 -1 -3
2017-12-31 36 0 -2
2016-12-31 30 -2 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • NFON's earnings are expected to grow significantly at over 20% yearly.
  • NFON's revenue is expected to grow by 15% 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:NFN 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 4 Analyst Estimates (S&P Global) See Below

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

DB:NFN Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31
2021-12-31 -0.39 -0.15 -0.52 3.00
2020-12-31 -0.56 -0.41 -0.66 3.00
2020-03-28
2019-12-31 -0.71 -0.65 -0.76 3.00
DB:NFN Past Financials Data
Date (Data in EUR Millions) EPS *
2019-09-30 -0.67
2019-06-30 -0.48
2019-03-31 -0.66
2018-12-31 -0.76
2018-09-30 -1.13
2018-06-30 -1.21
2018-03-31
2017-12-31 -0.21
2016-12-31 -0.16

*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 NFON will efficiently use shareholders’ funds in the future (Return on Equity greater than 20%) as it is not expected to be profitable.
X
Future performance checks
We assess NFON'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.
NFON has a total score of 4/6, 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.

NFN Past Performance

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

DB:NFN Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 53.25 -9.40 9.10
2019-06-30 48.74 -6.63 8.20
2019-03-31 45.15 -9.36 7.70
2018-12-31 43.03 -8.11 6.71
2018-09-30 40.91 -10.84 7.89
2018-06-30 39.33 -10.38 5.08
2018-03-31 37.16 -3.48 4.06
2017-12-31 35.65 -2.02 4.26
2016-12-31 30.39 -1.59 3.38
2015-12-31 20.95 -6.10 4.28

*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 NFON has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if NFON has efficiently used its assets last year compared to the Europe Telecom industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if NFON 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 NFON'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 Telecom 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.
NFON 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.

NFN Health

 How is NFON'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 NFON's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • NFON is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • NFON's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of NFON'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 2.8x 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 NFON Company Filings, last reported 5 months ago.

DB:NFN Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 38.39 14.00 29.67
2019-06-30 41.11 9.06 27.32
2019-03-31 44.44 9.11 31.55
2018-12-31 43.63 0.13 41.44
2018-09-30 44.80 0.95 44.50
2018-06-30 44.92 3.31 47.77
2018-03-31 0.34 2.57 2.18
2017-12-31 0.34 2.57 2.18
2016-12-31 4.96 1.54 5.78
2015-12-31 5.93 0.20 6.40
  • NFON's level of debt (36.5%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if NFON's debt level has increased without past 5-year debt data.
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.

  • NFON has sufficient cash runway for 2.6 years based on current free cash flow.
  • Unable to confirm if NFON has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess NFON'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. NFON has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

NFN Dividends

 What is NFON'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 NFON dividends. Estimated to be 0% next year.
If you bought €2,000 of NFON 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 NFON's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate NFON'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:NFN 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 4 Analyst Estimates (S&P Global) See Below
Germany Telecom Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 5.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 319 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

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

DB:NFN Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 0.00 1.00
2021-12-31 0.00 1.00
2020-12-31 0.00 1.00
2020-03-28
2019-12-31 0.00 1.00

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

  • Unable to perform a dividend volatility check as NFON has not reported any payouts.
  • Unable to verify if NFON's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of NFON's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as NFON has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of NFON's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess NFON's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 NFON afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. NFON 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.

NFN Management

 What is the CEO of NFON'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
Hans Szymanski
AGE 56
TENURE AS CEO 8.2 years
CEO Bio

Mr. Hans Szymanski is Chief Executive Officer and Chief Financial Officer at NFON AG since July 1, 2016 and has been its Member of Management Board since 2012. Mr. Szymanski served as the Chief Executive Officer and Chief Financial Officer of Francotyp Postalia Holding AG from November 2010 to January 11, 2016. Mr. Szymanski served as Chairman of Management Board at Francotyp Postalia Holding AG from January 1, 2011 to January 11, 2016 and as its Member of the Management Board and served as its Chief Technology Officer until January 11, 2016.

CEO Compensation
  • Insufficient data for Hans to compare compensation growth.
  • Insufficient data for Hans to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

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

2
Average Tenure
47
Average Age
  • The average tenure for the NFON management team is less than 2 years, this suggests a new team.
Management Team

Hans Szymanski

TITLE
CEO, CFO & Member of Management Board
AGE
56
TENURE
8.2 yrs

César Rodríguez

TITLE
Chief Sales Officer & Member of Management Board
AGE
47
TENURE
2 yrs

Jan-Peter Koopmann

TITLE
CTO & Member of Management Board
AGE
47
TENURE
7.4 yrs

Markus Stumpf

TITLE
Vice President of Operations & Infrastructure

Sabina Prüser

TITLE
Head of Investor Relations

Thorsten Wehner

TITLE
Vice President of Public Relations

Jan Forster

TITLE
Vice President of Marketing & Strategy

Joachim Fischer

TITLE
Head of Partner Management AT & CEE
TENURE
1.9 yrs

Gernot Hofstetter

TITLE
Managing Director of Austria & CEE
TENURE
1.8 yrs

Marco Pasculli

TITLE
Managing Director of Italy
TENURE
1.2 yrs
Board of Directors Tenure

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

1.1
Average Tenure
48
Average Age
  • The average tenure for the NFON board of directors is less than 3 years, this suggests a new board.
Board of Directors

Rainer Koppitz

TITLE
Chairman of Supervisory Board
AGE
51
TENURE
1.9 yrs

Rupert Doehner

TITLE
Deputy Chairman of Supervisory Board
AGE
48
TENURE
1.9 yrs

Günter Müller

TITLE
Member of Supervisory Board
TENURE
0.3 yrs

Florian Schuhbauer

TITLE
Member of Supervisory Board
AGE
44
TENURE
0.3 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 NFON'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. NFON 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.

NFN News

Simply Wall St News

Is NFON (FRA:NFN) A Risky Investment?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says 'The biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital.' When we think about how risky a company is, we always like to look at its use of debt, since debt overload can lead to ruin. … Debt and other liabilities become risky for a business when it cannot easily fulfill those obligations, either with free cash flow or by raising capital at an attractive price. … Check out our latest analysis for NFON What Is NFON's Net Debt?

Simply Wall St -

Analysts Expect Breakeven For NFON AG (FRA:NFN)

NFON AG provides cloud private branch exchange (PBX) services in Germany, Austria, the United Kingdom, and Spain. … On 31 December 2018, the €158m market-cap posted a loss of -€8.1m for its most recent financial year? … I’ve put together a brief outline of industry analyst expectations for NFN, its year of breakeven and its implied growth rate

Simply Wall St -

What Investors Should Know About NFON AG's (FRA:NFN) Financial Strength

Investors are always looking for growth in small-cap stocks like NFON AG (FRA:NFN), with a market cap of €196.02m. … However, an important fact which most ignore is: how financially healthy is the business? … Telecom businesses operating in the environment facing headwinds from current disruption,

Simply Wall St -

Why NFON AG's (FRA:NFN) Ownership Structure Is Important

In this article, I'm going to take a look at NFON AG’s (DB:NFN) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … Private Company Ownership Potential investors in NFN should also look at another important group of investors: private companies, with a stake of 6.08%, who are primarily invested because of strategic and capital gain interests. … Thus, investors should dig deeper into NFN's business relations with these companies and how it can affect shareholder returns in the long-term.Next Steps: NFN's considerably high level of institutional ownership calls for further analysis into its margin of safety.

Simply Wall St -

Dilution Ahead For NFON AG (FRA:NFN) Shareholders?

Additional cash raising may dilute the value of your shares, and since NFON is currently burning more cash than it is making, it’s likely the business will need funding for future growth. … How fast NFON runs down its cash supply over time is known as the cash burn rate. … NFON runs the risk of running down its cash supply too fast, or falling behind its profitable peers by investing too little.

Simply Wall St -

NFON AG (FRA:NFN): Time For A Financial Health Check

How does NFN’s operating cash flow stack up against its debt? … With this growth in debt, the current cash and short-term investment levels stands at €2.18M for investing into the business. … Moving onto cash from operations, its small level of operating cash flow means calculating cash-to-debt wouldn't be too useful, though these low levels of cash means that operational efficiency is worth a look.

Simply Wall St -

Want To Invest In NFON AG (FRA:NFN)? Here's How It Performed Lately

See our latest analysis for NFON Commentary On NFN's Past Performance I prefer to use data from the most recent 12 months, which either annualizes the most recent 6-month earnings update, or in some cases, the most recent annual report is already the latest available financial data. … DB:NFN Income Statement May 10th 18 We can further analyze NFON's loss by looking at what the industry has been experiencing over the past few years. … Looking at growth from a sector-level, the DE telecom industry has been growing its average earnings by double-digit 14.53% in the past twelve months, and a more muted 8.18% over the past half a decade.

Simply Wall St -

NFN Company Info

Description

NFON AG provides cloud private branch exchange (PBX) services in Germany, Austria, Italy, the United Kingdom, and Spain. The company offers Cloudya cloud telephone system, a public multi-tenant PBX delivering servicing from the cloud; and specialist solutions. Its services enable communication for customers and their employees on various devices, including smartphones, tablets, personal computers, and desk phones. The company offers its products to small office/home office customers and large businesses through a network of distributors and dealers. NFON AG was founded in 2007 and is headquartered in Munich, Germany.

Details
Name: NFON AG
NFN
Exchange: DB
Founded: 2007
€127,972,336
15,055,569
Website: http://www.nfon.com
Address: NFON AG
Machtlfinger Strasse 7,
Munich,
Bavaria, 81379,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA NFN Ordinary Bearer Shares XETRA Trading Platform DE EUR 09. May 2018
DB NFN Ordinary Bearer Shares Deutsche Boerse AG DE EUR 09. May 2018
DUSE NFN Ordinary Bearer Shares Dusseldorf Stock Exchange DE EUR 09. May 2018
Number of employees
Current staff
Staff numbers
358
NFON employees.
Industry
Alternative Carriers
Telecom
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/28 00:27
End of day share price update: 2020/03/27 00:00
Last estimates confirmation: 2020/03/04
Last earnings filing: 2019/11/21
Last earnings reported: 2019/09/30
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.