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Budapesti Elektromos Muvek Nyrt

DB:ELUA
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ELUA
DB
€200B
Market Cap
  1. Home
  2. DE
  3. Utilities
Company description

Budapesti Elektromos Muvek Nyrt., through its subsidiaries, distributes and trades in electricity to residential customers, small enterprises, and medium and large enterprises primarily in Hungary. The last earnings update was 174 days ago. More info.


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ELUA Share Price and Events
7 Day Returns
0%
DB:ELUA
-0.3%
Europe Electric Utilities
-4%
DE Market
1 Year Returns
10.8%
DB:ELUA
-6.9%
Europe Electric Utilities
-22.5%
DE Market
ELUA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Budapesti Elektromos Muvek Nyrt (ELUA) 0% -1% -2% 10.8% 22.9% 58.4%
Europe Electric Utilities -0.3% -28% -17.9% -6.9% 16.7% -5.6%
DE Market -4% -32.1% -30.8% -22.5% -29.8% -33.8%
1 Year Return vs Industry and Market
  • ELUA outperformed the Electric Utilities industry which returned -6.9% over the past year.
  • ELUA outperformed the Market in Germany which returned -22.5% over the past year.
Price Volatility
ELUA
Industry
5yr Volatility vs Market

Value

 Is Budapesti Elektromos Muvek Nyrt 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 Budapesti Elektromos Muvek Nyrt 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 Budapesti Elektromos Muvek Nyrt.

DB:ELUA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 6.2%
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:ELUA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 8.2%
Electric Utilities Unlevered Beta Simply Wall St/ S&P Global 0.24
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.239 (1 + (1- 9%) (0.01%))
0.49
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 * 8.23%)
6.19%

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

The calculations below outline how an intrinsic value for Budapesti Elektromos Muvek Nyrt 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:ELUA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HUF, Millions) Source Present Value
Discounted (@ 6.19%)
2020 21,728.28 Est @ 31.42% 20,460.93
2021 26,481.43 Est @ 21.88% 23,482.35
2022 30,505.49 Est @ 15.2% 25,472.88
2023 33,714.68 Est @ 10.52% 26,510.58
2024 36,158.00 Est @ 7.25% 26,773.46
2025 37,949.96 Est @ 4.96% 26,461.32
2026 39,222.10 Est @ 3.35% 25,753.19
2027 40,096.55 Est @ 2.23% 24,791.75
2028 40,675.41 Est @ 1.44% 23,682.75
2029 41,038.87 Est @ 0.89% 22,500.68
Present value of next 10 years cash flows HUF245,889.00
DB:ELUA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= HUF41,038.87 × (1 + -0.39%) ÷ (6.19% – -0.39%)
HUF620,881.14
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HUF620,881.14 ÷ (1 + 6.19%)10
HUF340,414.99
DB:ELUA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HUF245,889.00 + HUF340,414.99
HUF586,303.99
Equity Value per Share
(HUF)
= Total value / Shares Outstanding
= HUF586,303.99 / 6.07
HUF96519.83
DB:ELUA Discount to Share Price
Calculation Result
Exchange Rate HUF/EUR
(Reporting currency to currency of DB:ELUA)
0.003
Value per Share
(EUR)
= Value per Share in HUF x Exchange Rate (HUF/EUR)
= HUF96519.83 x 0.003
€274.35
Value per share (EUR) From above. €274.35
Current discount Discount to share price of €97.50
= -1 x (€97.50 - €274.35) / €274.35
64.5%

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

Current Discount
Amount off the current price Budapesti Elektromos Muvek Nyrt is available for.
Intrinsic value
>50%
Share price is €97.5 vs Future cash flow value of €274.35
Current Discount Checks
For Budapesti Elektromos Muvek Nyrt to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Budapesti Elektromos Muvek Nyrt's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Budapesti Elektromos Muvek Nyrt'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 Budapesti Elektromos Muvek Nyrt's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Budapesti Elektromos Muvek Nyrt's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:ELUA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in HUF HUF2,230.98
DB:ELUA Share Price ** DB (2020-02-26) in EUR €97.5
DB:ELUA Share Price converted to HUF reporting currency Exchange rate (EUR/ HUF) 351.809 HUF34301.34
Europe Electric Utilities Industry PE Ratio Median Figure of 76 Publicly-Listed Electric Utilities Companies 10.19x
Germany Market PE Ratio Median Figure of 398 Publicly-Listed Companies 15.54x

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

** Primary Listing of Budapesti Elektromos Muvek Nyrt.

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

= DB:ELUA Share Price ÷ EPS (both in HUF)

= 34301.34 ÷ 2,230.98

15.37x

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

  • Budapesti Elektromos Muvek Nyrt is overvalued based on earnings compared to the Europe Electric Utilities industry average.
  • Budapesti Elektromos Muvek Nyrt is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Budapesti Elektromos Muvek Nyrt's expected growth come at a high price?
Raw Data
DB:ELUA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.37x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Electric Utilities Industry PEG Ratio Median Figure of 37 Publicly-Listed Electric Utilities Companies 1.39x
Germany Market PEG Ratio Median Figure of 253 Publicly-Listed Companies 1.08x

*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 Budapesti Elektromos Muvek Nyrt, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Budapesti Elektromos Muvek Nyrt's assets?
Raw Data
DB:ELUA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in HUF HUF28,195.68
DB:ELUA Share Price * DB (2020-02-26) in EUR €97.5
DB:ELUA Share Price converted to HUF reporting currency Exchange rate (EUR/ HUF) 351.809 HUF34301.34
Europe Electric Utilities Industry PB Ratio Median Figure of 87 Publicly-Listed Electric Utilities Companies 0.73x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.37x
DB:ELUA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= DB:ELUA Share Price ÷ Book Value per Share (both in HUF)

= 34301.34 ÷ 28,195.68

1.22x

* Primary Listing of Budapesti Elektromos Muvek Nyrt.

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

  • Budapesti Elektromos Muvek Nyrt is overvalued based on assets compared to the Europe Electric Utilities industry average.
X
Value checks
We assess Budapesti Elektromos Muvek Nyrt'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 Electric Utilities 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 Electric Utilities industry average (and greater than 0)? (1 check)
  5. Budapesti Elektromos Muvek Nyrt has a total score of 3/6, 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 Budapesti Elektromos Muvek Nyrt expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Budapesti Elektromos Muvek Nyrt has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
7.3%
Expected Electric Utilities industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Budapesti Elektromos Muvek Nyrt expected to grow at an attractive rate?
  • Unable to compare Budapesti Elektromos Muvek Nyrt's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Budapesti Elektromos Muvek Nyrt's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Budapesti Elektromos Muvek Nyrt's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:ELUA Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Electric Utilities Industry Earnings Growth Rate Market Cap Weighted Average 7.3%
Europe Electric Utilities Industry Revenue Growth Rate Market Cap Weighted Average 2.6%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.3%

*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:ELUA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (8 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in HUF Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:ELUA Past Financials Data
Date (Data in HUF Millions) Revenue Cash Flow Net Income *
2019-06-30 227,485 39,007 13,908
2019-03-31 223,427 36,811 14,372
2018-12-31 219,368 34,615 14,835
2018-09-30 214,745 15,653
2018-06-30 211,680 30,945 16,207
2018-03-31 212,711 27,839 17,820
2017-12-31 213,742 24,733 19,432
2017-09-30 235,847 20,300
2017-06-30 257,951 22,080 21,168
2017-03-31 278,132 34,364 18,536
2016-12-31 273,743 23,481 17,015
2016-09-30 287,496 17,917 12,589

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Budapesti Elektromos Muvek Nyrt is high growth as no earnings estimate data is available.
  • Unable to determine if Budapesti Elektromos Muvek Nyrt is high growth as no revenue estimate data is available.
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:ELUA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (8 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Budapesti Elektromos Muvek Nyrt Company Filings, last reported 8 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ELUA Past Financials Data
Date (Data in HUF Millions) EPS *
2019-06-30 2,230.98
2019-03-31 2,335.22
2018-12-31 2,442.20
2018-09-30 2,540.80
2018-06-30 2,634.13
2018-03-31 2,914.74
2017-12-31 3,198.98
2017-09-30 3,341.87
2017-06-30 3,530.85
2017-03-31 3,067.29
2016-12-31 2,801.08
2016-09-30 2,072.45

*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 Budapesti Elektromos Muvek Nyrt will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Budapesti Elektromos Muvek Nyrt is trading at Budapesti Elektromos Muvek Nyrt'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Budapesti Elektromos Muvek Nyrt's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Utilities companies here
  3. Budapesti Elektromos Muvek Nyrt's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Budapesti Elektromos Muvek Nyrt'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.
Budapesti Elektromos Muvek Nyrt has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

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

Past Performance

  How has Budapesti Elektromos Muvek Nyrt 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 Budapesti Elektromos Muvek Nyrt's growth in the last year to its industry (Electric Utilities).
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.
  • Budapesti Elektromos Muvek Nyrt's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Budapesti Elektromos Muvek Nyrt's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Budapesti Elektromos Muvek Nyrt's 1-year earnings growth is negative, it can't be compared to the Europe Electric Utilities industry average.
Earnings and Revenue History
Budapesti Elektromos Muvek Nyrt'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 Budapesti Elektromos Muvek Nyrt Company Filings, last reported 8 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ELUA Past Revenue, Cash Flow and Net Income Data
Date (Data in HUF Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 227,485.00 13,908.00 17,012.00
2019-03-31 223,426.50 14,371.50 16,447.00
2018-12-31 219,368.00 14,835.00 15,882.00
2018-09-30 214,744.50 15,652.50 14,529.50
2018-06-30 211,680.00 16,207.00 13,177.00
2018-03-31 212,711.00 17,819.50 12,770.50
2017-12-31 213,742.00 19,432.00 12,364.00
2017-09-30 235,846.50 20,300.00 11,978.50
2017-06-30 257,951.00 21,168.00 11,593.00
2017-03-31 278,131.50 18,536.00 11,884.50
2016-12-31 273,743.00 17,015.00 11,258.00
2016-09-30 287,496.00 12,589.00 11,823.00
2016-06-30 270,562.00 10,481.00 12,476.00
2016-03-31 192,378.00 17,135.00 8,667.00
2015-12-31 239,257.00 10,195.00 10,859.00
2015-09-30 159,308.00 15,656.00 6,784.00
2015-06-30 156,057.00 15,767.00 6,566.00
2015-03-31 164,423.00 12,967.00 7,049.00
2014-12-31 175,227.00 13,904.00 7,778.00
2014-09-30 221,092.00 -4,801.00 13,715.00
2014-06-30 222,681.00 -5,410.00 12,888.00
2014-03-31 224,188.00 -3,931.00 12,038.00
2013-12-31 224,485.00 -5,299.00 10,976.00
2013-09-30 223,336.00 32,015.00 7,740.00
2013-06-30 219,772.00 49,496.00 7,090.00
2013-03-31 217,462.00 50,171.00 6,286.00

*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.
  • Budapesti Elektromos Muvek Nyrt has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Budapesti Elektromos Muvek Nyrt used its assets more efficiently than the Europe Electric Utilities industry average last year based on Return on Assets.
  • Budapesti Elektromos Muvek Nyrt's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Budapesti Elektromos Muvek Nyrt'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 Electric Utilities 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.
Budapesti Elektromos Muvek Nyrt has a total score of 2/6, 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 Budapesti Elektromos Muvek Nyrt'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 Budapesti Elektromos Muvek Nyrt's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Budapesti Elektromos Muvek Nyrt is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Budapesti Elektromos Muvek Nyrt's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Budapesti Elektromos Muvek Nyrt'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 covered by short term assets, assets are 5.6x 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 Budapesti Elektromos Muvek Nyrt Company Filings, last reported 8 months ago.

DB:ELUA Past Debt and Equity Data
Date (Data in HUF Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 171,533.00 9,460.00 995.00
2019-03-31 171,533.00 9,460.00 995.00
2018-12-31 175,116.00 6,774.00 708.00
2018-09-30 175,116.00 6,774.00 708.00
2018-06-30 167,585.00 14,215.00 410.00
2018-03-31 167,585.00 14,215.00 410.00
2017-12-31 168,514.00 11,213.00 2,218.00
2017-09-30 168,514.00 11,213.00 2,218.00
2017-06-30 161,953.00 13,676.00 1,079.00
2017-03-31 161,953.00 13,676.00 1,079.00
2016-12-31 161,828.00 5,187.00 236.00
2016-09-30 161,828.00 5,187.00 236.00
2016-06-30 153,491.00 8,053.00 1,134.00
2016-03-31 156,273.00 12,628.00 1,151.00
2015-12-31 154,730.00 6,050.00 4,245.00
2015-09-30 152,746.00 4.00 4,476.00
2015-06-30 149,652.00 1,897.00 3,064.00
2015-03-31 144,977.00 6,067.00 938.00
2014-12-31 149,981.00 1,923.00 1,564.00
2014-09-30 148,571.00 2,530.00 3,022.00
2014-06-30 145,396.00 11,352.00 2,231.00
2014-03-31 143,297.00 6,541.00 2,210.00
2013-12-31 156,967.00 8,609.00 3,020.00
2013-09-30 169,463.00 5,169.00 2,666.00
2013-06-30 166,895.00 12,628.00 1,446.00
2013-03-31 173,651.00 11,246.00 1,332.00
  • Budapesti Elektromos Muvek Nyrt's level of debt (5.5%) 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 (7.7% vs 5.5% today).
  • Debt is well covered by operating cash flow (412.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 56.2x coverage).
X
Financial health checks
We assess Budapesti Elektromos Muvek Nyrt'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. Budapesti Elektromos Muvek Nyrt 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 Budapesti Elektromos Muvek Nyrt'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 Budapesti Elektromos Muvek Nyrt dividends.
If you bought €2,000 of Budapesti Elektromos Muvek Nyrt 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 Budapesti Elektromos Muvek Nyrt's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Budapesti Elektromos Muvek Nyrt'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:ELUA 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 0 Analyst Estimates (S&P Global) See Below
Europe Electric Utilities Industry Average Dividend Yield Market Cap Weighted Average of 50 Stocks 5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 329 Stocks 4.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.9%
Germany Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

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

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

  • Unable to perform a dividend volatility check as Budapesti Elektromos Muvek Nyrt has not reported any payouts.
  • Unable to verify if Budapesti Elektromos Muvek Nyrt's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Budapesti Elektromos Muvek Nyrt's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Budapesti Elektromos Muvek Nyrt has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Budapesti Elektromos Muvek Nyrt's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - 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 Budapesti Elektromos Muvek Nyrt afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Budapesti Elektromos Muvek Nyrt 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.

Management

 What is the CEO of Budapesti Elektromos Muvek Nyrt'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.
  • Budapesti Elektromos Muvek Nyrt has no CEO, or we have no data on them.
Management Team
Board of Directors Tenure

Average tenure of the Budapesti Elektromos Muvek Nyrt board of directors in years:

3.6
Average Tenure
  • The tenure for the Budapesti Elektromos Muvek Nyrt board of directors is about average.
Board of Directors

Marie-Theres Thiell

TITLE
Chairman of Board of Directors
AGE
60

Karl Kraus

TITLE
Chair of the Supervisory Board

Koncz László

TITLE
Director
TENURE
4.8 yrs

Krisztina Horvath

TITLE
Director
TENURE
2.4 yrs

Szurominé Katalin

TITLE
Member of Supervisory Board

Lajos Németh

TITLE
Member of Supervisory Board

Gábor Szörényi

TITLE
Member of Supervisory Board

Dénes József

TITLE
Member of Supervisory Board
TENURE
5 yrs

Miklós Dobák

TITLE
Member of Supervisory Board

Csaba Kovács

TITLE
Member of Supervisory Board
TENURE
1.2 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 Budapesti Elektromos Muvek Nyrt'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. Budapesti Elektromos Muvek Nyrt 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

Budapesti Elektromos Muvek Nyrt., through its subsidiaries, distributes and trades in electricity to residential customers, small enterprises, and medium and large enterprises primarily in Hungary. The company designs, develops, establishes, and renovates electricity networks; operates, establishes, and reconstructs networks; procures and trades in energy on the free market; and deals in energy efficiency solutions. Budapesti Elektromos Muvek Nyrt. is based in Budapest, Hungary. Budapesti Elektromos Muvek Nyrt. operates as a subsidiary of RWE Aktiengesellschaft.

Details
Name: Budapesti Elektromos Muvek Nyrt.
ELUA
Exchange: DB
Founded:
€200,456,553,000
6,074,441
Website: http://www.elmu.hu
Address: Budapesti Elektromos Muvek Nyrt.
Váci út 72-74,
Budapest,
1132,
Hungary
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
DB ELUA Ordinary Shares Deutsche Boerse AG DE EUR 15. Feb 1999
LSE 0EAT Ordinary Shares London Stock Exchange GB HUF 15. Feb 1999
Number of employees
Current staff
Staff numbers
0
Budapesti Elektromos Muvek Nyrt employees.
Industry
Electric Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/22 20:51
End of day share price update: 2020/02/26 00:00
Last earnings filing: 2019/09/30
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.