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Stolt-Nielsen

DB:SN6
Snowflake Description

Good value average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SN6
DB
NOK7B
Market Cap
  1. Home
  2. DE
  3. Transportation
Company description

Stolt-Nielsen Limited, together with its subsidiaries, provides transportation, storage, and distribution solutions for chemicals and other bulk-liquid products worldwide. The last earnings update was 10 days ago. More info.


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SN6 Share Price and Events
7 Day Returns
9.9%
DB:SN6
4.1%
Europe Shipping
2.8%
DE Market
1 Year Returns
-8.6%
DB:SN6
6.2%
Europe Shipping
3%
DE Market
SN6 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Stolt-Nielsen (SN6) 9.9% 1.3% 5.2% -8.6% -3% -21.3%
Europe Shipping 4.1% -1.6% 9.8% 6.2% 6.6% -14.5%
DE Market 2.8% 0.2% 1.3% 3% 8% 23.6%
1 Year Return vs Industry and Market
  • SN6 underperformed the Shipping industry which returned 6.2% over the past year.
  • SN6 underperformed the Market in Germany which returned 3% over the past year.
Price Volatility
SN6
Industry
5yr Volatility vs Market

Value

 Is Stolt-Nielsen 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 Stolt-Nielsen 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 Stolt-Nielsen.

DB:SN6 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 13.5%
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:SN6
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.7%
Shipping Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.733 (1 + (1- 19%) (305.49%))
2.037
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 * 6.65%)
13.53%

Discounted Cash Flow Calculation for DB:SN6 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Stolt-Nielsen 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:SN6 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 13.53%)
2020 206.75 Analyst x4 182.11
2021 278.75 Analyst x4 216.28
2022 176.00 Analyst x1 120.28
2023 182.00 Analyst x1 109.56
2024 171.42 Est @ -5.81% 90.90
2025 164.57 Est @ -4% 76.86
2026 160.07 Est @ -2.73% 65.86
2027 157.12 Est @ -1.84% 56.94
2028 155.20 Est @ -1.22% 49.54
2029 153.98 Est @ -0.79% 43.30
Present value of next 10 years cash flows $1,011.00
DB:SN6 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $153.98 × (1 + 0.23%) ÷ (13.53% – 0.23%)
$1,160.39
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,160.39 ÷ (1 + 13.53%)10
$326.27
DB:SN6 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,011.00 + $326.27
$1,337.27
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,337.27 / 60.52
$22.09
DB:SN6 Discount to Share Price
Calculation Result
Exchange Rate USD/NOK
(Reporting currency to currency of OB:SNI)
9.054
Value per Share
(NOK)
= Value per Share in USD x Exchange Rate (USD/NOK)
= $22.09 x 9.054
NOK200.06
Non-primary Listing Adjustment Factor 1 share in DB:SN6 represents 0.09449x of OB:SNI
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.09449x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (NOK) x Listing Adjustment Factor
= NOK 200.06 x 0.09449
€18.90
Value per share (EUR) From above. €18.90
Current discount Discount to share price of €10.98
= -1 x (€10.98 - €18.90) / €18.90
41.9%

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

Current Discount
Amount off the current price Stolt-Nielsen is available for.
Intrinsic value
42%
Share price is €10.98 vs Future cash flow value of €18.9
Current Discount Checks
For Stolt-Nielsen to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Stolt-Nielsen's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Stolt-Nielsen'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 Stolt-Nielsen's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Stolt-Nielsen's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:SN6 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-08-31) in USD $0.31
OB:SNI Share Price ** OB (2019-10-11) in NOK NOK116.2
OB:SNI Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.11 $12.83
Europe Shipping Industry PE Ratio Median Figure of 26 Publicly-Listed Shipping Companies 11.43x
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 Stolt-Nielsen.

DB:SN6 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OB:SNI Share Price ÷ EPS (both in USD)

= 12.83 ÷ 0.31

41.66x

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

  • Stolt-Nielsen is overvalued based on earnings compared to the Europe Shipping industry average.
  • Stolt-Nielsen is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Stolt-Nielsen's expected growth come at a high price?
Raw Data
DB:SN6 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 41.66x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
70.9%per year
Europe Shipping Industry PEG Ratio Median Figure of 14 Publicly-Listed Shipping Companies 0.79x
Germany Market PEG Ratio Median Figure of 265 Publicly-Listed Companies 1.39x

*Line of best fit is calculated by linear regression .

DB:SN6 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 41.66x ÷ 70.9%

0.59x

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

  • Stolt-Nielsen is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Stolt-Nielsen's assets?
Raw Data
DB:SN6 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-08-31) in USD $22.50
OB:SNI Share Price * OB (2019-10-11) in NOK NOK116.2
OB:SNI Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.11 $12.83
Europe Shipping Industry PB Ratio Median Figure of 43 Publicly-Listed Shipping Companies 0.76x
Germany Market PB Ratio Median Figure of 598 Publicly-Listed Companies 1.74x
DB:SN6 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OB:SNI Share Price ÷ Book Value per Share (both in USD)

= 12.83 ÷ 22.50

0.57x

* Primary Listing of Stolt-Nielsen.

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

  • Stolt-Nielsen is good value based on assets compared to the Europe Shipping industry average.
X
Value checks
We assess Stolt-Nielsen'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 Shipping 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 Shipping industry average (and greater than 0)? (1 check)
  5. Stolt-Nielsen 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 Stolt-Nielsen expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

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

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
70.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Stolt-Nielsen expected to grow at an attractive rate?
  • Stolt-Nielsen's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Stolt-Nielsen's earnings growth is expected to exceed the Germany market average.
  • Stolt-Nielsen's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:SN6 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:SN6 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 70.9%
DB:SN6 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 3.3%
Europe Shipping Industry Earnings Growth Rate Market Cap Weighted Average 23.5%
Europe Shipping Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
DB:SN6 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:SN6 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-11-30
2022-11-30
2021-11-30 2,213 366 132 5
2020-11-30 2,172 351 113 4
2019-11-30 2,069 289 28 3
2019-10-13
DB:SN6 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-08-31 2,066 289 19
2019-05-31 2,090 304 18
2019-02-28 2,112 346 24
2018-11-30 2,125 328 55
2018-08-31 2,106 308 52
2018-05-31 2,077 313 68
2018-02-28 2,037 325 74
2017-11-30 1,997 325 50
2017-08-31 1,953 338 72
2017-05-31 1,914 324 76
2017-02-28 1,892 302 98
2016-11-30 1,880 322 113

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Stolt-Nielsen's earnings are expected to grow significantly at over 20% yearly.
  • Stolt-Nielsen's revenue is expected to grow by 3.3% 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:SN6 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Stolt-Nielsen Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:SN6 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-11-30
2022-11-30
2021-11-30 2.16 2.58 1.89 4.00
2020-11-30 1.62 2.02 1.23 4.00
2019-11-30 0.45 0.65 0.25 4.00
2019-10-13
DB:SN6 Past Financials Data
Date (Data in USD Millions) EPS *
2019-08-31 0.31
2019-05-31 0.30
2019-02-28 0.39
2018-11-30 0.89
2018-08-31 0.85
2018-05-31 1.10
2018-02-28 1.19
2017-11-30 0.81
2017-08-31 1.19
2017-05-31 1.29
2017-02-28 1.72
2016-11-30 2.05

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

Past Performance

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

DB:SN6 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-08-31 2,065.98 18.69 223.01
2019-05-31 2,090.09 18.02 223.39
2019-02-28 2,112.16 23.95 228.06
2018-11-30 2,125.50 54.77 231.82
2018-08-31 2,106.24 52.25 222.94
2018-05-31 2,076.87 67.74 225.28
2018-02-28 2,036.72 73.78 221.87
2017-11-30 1,997.09 50.24 216.53
2017-08-31 1,953.24 71.99 215.51
2017-05-31 1,913.56 75.67 212.14
2017-02-28 1,891.60 97.86 210.35
2016-11-30 1,879.91 113.07 207.23
2016-08-31 1,911.53 111.62 206.58
2016-05-31 1,938.17 119.54 205.60
2016-02-29 1,959.99 124.28 202.49
2015-11-30 1,983.74 132.60 205.36
2015-08-31 2,021.44 124.38 203.51
2015-05-31 2,066.16 108.84 207.00
2015-02-28 2,108.85 97.19 208.92
2014-11-30 2,137.85 77.07 209.77
2014-08-31 2,130.02 99.12 213.19
2014-05-31 2,106.43 105.63 205.66
2014-02-28 2,096.84 99.00 205.09
2013-11-30 2,099.52 81.90 200.45
2013-08-31 2,085.96 52.56 190.64
2013-05-31 2,080.52 38.54 186.91
2013-02-28 2,085.49 51.32 182.81
2012-11-30 2,071.75 57.82 179.29

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

Health

 How is Stolt-Nielsen'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 Stolt-Nielsen's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Stolt-Nielsen's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Stolt-Nielsen's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Stolt-Nielsen'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 0.2x 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 Stolt-Nielsen Company Filings, last reported 1 month ago.

DB:SN6 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-08-31 1,362.25 2,372.83 143.29
2019-05-31 1,398.45 2,429.63 133.96
2019-02-28 1,458.49 2,543.65 125.17
2018-11-30 1,475.66 2,504.57 64.91
2018-08-31 1,494.27 2,546.67 85.24
2018-05-31 1,522.10 2,602.48 80.00
2018-02-28 1,562.60 2,640.35 70.28
2017-11-30 1,478.83 2,629.71 58.42
2017-08-31 1,455.84 2,665.47 85.95
2017-05-31 1,416.81 2,713.73 121.56
2017-02-28 1,418.08 2,650.91 108.29
2016-11-30 1,383.59 2,538.53 104.53
2016-08-31 1,404.22 1,898.30 75.06
2016-05-31 1,366.79 2,146.04 152.26
2016-02-29 1,334.19 2,080.90 63.41
2015-11-30 1,329.24 2,077.49 77.55
2015-08-31 1,394.55 2,091.05 91.11
2015-05-31 1,400.38 2,144.99 124.92
2015-02-28 1,399.66 2,016.17 49.53
2014-11-30 1,428.98 1,920.25 45.21
2014-08-31 1,599.90 1,841.37 48.71
2014-05-31 1,589.22 1,835.82 68.28
2014-02-28 1,591.12 1,821.23 51.43
2013-11-30 1,559.72 1,779.39 34.99
2013-08-31 1,536.10 1,777.16 38.84
2013-05-31 1,493.03 1,774.39 36.30
2013-02-28 1,489.36 1,809.66 65.09
2012-11-30 1,465.48 1,736.94 66.23
  • Stolt-Nielsen's level of debt (174.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (115.3% vs 174.2% today).
  • Debt is not well covered by operating cash flow (12.2%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Stolt-Nielsen'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. Stolt-Nielsen has a total score of 0/6, 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 Stolt-Nielsen'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
3.9%
Current annual income from Stolt-Nielsen dividends. Estimated to be 5.19% next year.
If you bought €2,000 of Stolt-Nielsen shares you are expected to receive €78 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?
  • Stolt-Nielsen's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • Stolt-Nielsen's dividend is above the markets top 25% of dividend payers in Germany (3.86%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:SN6 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
Europe Shipping Industry Average Dividend Yield Market Cap Weighted Average of 23 Stocks 2.6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 337 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

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

DB:SN6 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-11-30
2022-11-30
2021-11-30 0.79 6.00
2020-11-30 0.71 6.00
2019-11-30 0.50 6.00
2019-10-13
DB:SN6 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-14 0.500 4.200
2018-10-04 0.500 3.954
2018-07-05 0.500 3.114
2018-02-07 0.500 3.618
2017-10-09 0.500 3.717
2017-04-20 1.000 6.842
2016-11-11 1.000 7.006
2016-02-11 1.000 8.147
2015-11-11 1.000 8.439
2015-02-11 1.000 6.307
2014-11-11 1.000 6.196
2014-02-07 1.000 4.203
2013-11-07 1.000 3.561
2013-02-18 0.750 3.277
2012-10-04 0.500 2.615
2012-03-22 1.000 5.650
2011-02-17 1.000 4.637
2010-09-30 1.000 5.019
2010-04-07 0.000 0.000
2010-02-19 0.000 0.000
2009-10-06 1.000 6.754
2009-04-02 0.000 0.000
2009-02-13 0.000 0.000

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Stolt-Nielsen's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.8x coverage).
X
Income/ dividend checks
We assess Stolt-Nielsen's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Stolt-Nielsen afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Stolt-Nielsen has a total score of 4/6, see the detailed checks below.


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

Management

 What is the CEO of Stolt-Nielsen'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
Niels Stolt-Nielsen
AGE 54
TENURE AS CEO 18.9 years
CEO Bio

Mr. Niels G. Stolt-Nielsen has been a Director at Golar LNG Limited since September 23, 2015. He serves as Chief Executive Officer of Stolt-Nielsen M.S. Ltd. Mr. Stolt-Nielsen has been the Chief Executive Officer of Stolt-Nielsen Limited since November 2000. Mr. Stolt-Nielsen serves as the President of Stolt Tankers Holdings Ltd. He serves as the Managing Director of Stolt Tank Containers U.K. Limited. He served as an Interim Chief Executive Officer of Subsea 7 SA (Alternative Name: Stolt Offshore S.A.), a subsidiary of Stolt-Nielsen Limited, from September 2002 to March 2003. He served as the Chief Executive Officer of Stolt Sea Farm from 1996 to September 2001. He served as the President of Stolt Sea Farm from 1996 until 2000. In 1994, he opened and organized Stolt-Nielsen Limited's representative office in Shanghai. He joined Stolt-Nielsen SA in 1990 in Greenwich, CT, working first as a Shipbroker and then as a Round Voyage Manager. He worked in Stolt-Nielsen Transportation Group. He has been the Chairman of Stolt Sea Farm since January 2003. He serves as the Chairman of the Board at Stolt-Nielsen Investments N.V., and Stolt-Nielsen M.S. Ltd. He served as the Chairman of the Board at Avance Gas Holding Ltd. until July 2018. He has been a Director at Stolt-Nielsen Limited since 1996 and Avance Gas Holding Ltd. since March 18, 2010. Mr Stolt-Nielsen has extensive shipping, customer relations and logistical experience. He serves as a Director at Stolt-Nielsen Gas Ltd., Marlowe Insurance Ltd., Stolt Bitumen Services B.V., Stolthaven Terminals B.V., Stolt-Nielsens Rederi AS, Stolt-Nielsen Ship Finance Ltd., Stolt-Nielsen Finance Ltd., Stolt-Nielsen Group Resources Ltd., Stolt-Nielsen Holdings B.V., Stolt-Nielsen Norway AS, Stolt Tankers Holdings Ltd., Stolt Sea Farm Turbot Norway AS and Stolt Tankers B.V. He serves as a Member of the Supervisory Board of Marine Harvest N.V. He served as a Director at Stolt Sea Farm Holding Ltd and Stolt Sea Farm S.A. He served as a Director of Subsea 7 SA (Alternative Name: Stolt Offshore S.A.) from 1999 to February 2, 2005. He served as a Member of the Supervisory Board of Marine Harvest International B.V. Mr. Stolt-Nielsen graduated from Hofstra University in 1990 with a BS degree in Business and Finance.

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

Average tenure and age of the Stolt-Nielsen management team in years:

6.4
Average Tenure
55
Average Age
  • The average tenure for the Stolt-Nielsen management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Niels Stolt-Nielsen

TITLE
CEO & Director
AGE
54
TENURE
18.9 yrs

Jens Grüner-Hegge

TITLE
Chief Financial Officer
AGE
55
TENURE
1.5 yrs

Peter Koenders

TITLE
Chief Information Officer
AGE
54
TENURE
12.5 yrs

Bapsy Dastur

TITLE
Chief Legal Officer & General Counsel
TENURE
3.6 yrs

Ellie Davison

TITLE
Head of Corporate Communications

Anne Müller

TITLE
Chief Human Resources Officer
AGE
53
TENURE
7.1 yrs

Bill Bryant

TITLE
Managing Director APAC & MEA Regions
TENURE
5.8 yrs

John Wakely

TITLE
Company Secretary
AGE
72

Mike Kramer

TITLE
President of Stolt Tank Containers
AGE
59
TENURE
19.8 yrs

Andrew Pickering

TITLE
President of Stolt-Nielsen LNG Holding Ltd.
AGE
62
TENURE
3.5 yrs
Board of Directors Tenure

Average tenure and age of the Stolt-Nielsen board of directors in years:

3.8
Average Tenure
56
Average Age
  • The tenure for the Stolt-Nielsen board of directors is about average.
Board of Directors

Sam Cooperman

TITLE
Chairman of the Board of Directors
AGE
74
TENURE
3.5 yrs

Niels Stolt-Nielsen

TITLE
CEO & Director
AGE
54
TENURE
23.8 yrs

Tor Trøim

TITLE
Director
AGE
56
TENURE
3.5 yrs

Jan Engelhardtsen

TITLE
Director
AGE
68
TENURE
1.6 yrs

Jacob Stolt-Nielsen

TITLE
Director
AGE
56
TENURE
24.8 yrs

Håkan Larsson

TITLE
Director
AGE
72
TENURE
12.3 yrs

Rolf Jansen

TITLE
Director
AGE
53
TENURE
3.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Stolt-Nielsen'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. Stolt-Nielsen 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

Stolt-Nielsen Limited, together with its subsidiaries, provides transportation, storage, and distribution solutions for chemicals and other bulk-liquid products worldwide. The company operates in four segments: Tankers, Tank Containers, Terminals, and Stolt Sea Farm. It transports, stores, and distributes bulk-liquid chemicals, edible oils, acids, petroleum products, and other specialty liquids. The company also produces, processes, and markets seafood, including turbot, sturgeon, caviar, and sole; and transports liquefied petroleum gas. It is also involved in the distribution of bitumen. In addition, it owns and operates liquid natural gas and liquefied petroleum gas carriers. The company was founded in 1959 and is based in London, the United Kingdom. Stolt-Nielsen Limited is a subsidiary of Fiducia Ltd.

Details
Name: Stolt-Nielsen Limited
SN6
Exchange: DB
Founded: 1959
NOK702,949,404
60,523,796
Website: http://www.stolt-nielsen.com
Address: Stolt-Nielsen Limited
Aldwych House,
4th Floor,
London,
Greater London, WC2B 4HN,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB SNI Common Shares Oslo Bors NO NOK 07. Jun 1988
OTCPK SOIE.F Common Shares Pink Sheets LLC US USD 07. Jun 1988
DB SN6 Common Shares Deutsche Boerse AG DE EUR 07. Jun 1988
LSE 0OHK Common Shares London Stock Exchange GB NOK 07. Jun 1988
BATS-CHIXE SNIO Common Shares BATS 'Chi-X Europe' GB NOK 07. Jun 1988
Number of employees
Current staff
Staff numbers
6,340
Stolt-Nielsen employees.
Industry
Marine
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/13 22:38
End of day share price update: 2019/10/11 00:00
Last estimates confirmation: 2019/10/04
Last earnings filing: 2019/10/03
Last earnings reported: 2019/08/31
Last annual earnings reported: 2018/11/30


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.