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Lechwerke

DB:LEC
Snowflake Description

Solid track record with adequate balance sheet.

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

Lechwerke AG, together with its subsidiaries, provides electricity and gas products, and energy-related services in Germany. The last earnings update was 7 days ago. More info.


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LEC Share Price and Events
7 Day Returns
11%
DB:LEC
0.7%
Europe Electric Utilities
2.1%
DE Market
1 Year Returns
3.9%
DB:LEC
-0.5%
Europe Electric Utilities
-16.6%
DE Market
LEC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Lechwerke (LEC) 11% 0% 5% 3.9% 51.4% 50.4%
Europe Electric Utilities 0.7% -17.1% -11.1% -0.5% 22.1% -2%
DE Market 2.1% -12.6% -22.9% -16.6% -21.9% -27.8%
1 Year Return vs Industry and Market
  • LEC outperformed the Electric Utilities industry which returned -0.5% over the past year.
  • LEC outperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
LEC
Industry
5yr Volatility vs Market

LEC Value

 Is Lechwerke 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 Lechwerke 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 Lechwerke.

DB:LEC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in EUR € 2.800000
Payout Ratio Company Filings (2019-12-31) 0%
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:LEC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Electric Utilities Unlevered Beta Simply Wall St/ S&P Global 0.27
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.272 (1 + (1- 30%) (0%))
0.512
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:LEC using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Lechwerke is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

DB:LEC Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= €2.8 / (3.96% - -0.39%)
€64.34
DB:LEC Discount to Share Price
Calculation Result
Value per share (EUR) From above. €64.34
Current discount Discount to share price of €106.00
= -1 x (€106.00 - €64.34) / €64.34
-64.8%

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

  • The current share price of Lechwerke is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Lechwerke's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Lechwerke's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:LEC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €2.24
DB:LEC Share Price ** DB (2020-04-07) in EUR €106
Europe Electric Utilities Industry PE Ratio Median Figure of 74 Publicly-Listed Electric Utilities Companies 10.45x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 16.83x

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

** Primary Listing of Lechwerke.

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

= DB:LEC Share Price ÷ EPS (both in EUR)

= 106 ÷ 2.24

47.32x

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

  • Lechwerke is overvalued based on earnings compared to the Europe Electric Utilities industry average.
  • Lechwerke is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Lechwerke's expected growth come at a high price?
Raw Data
DB:LEC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 47.32x
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 35 Publicly-Listed Electric Utilities Companies 1.6x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.22x

*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 Lechwerke, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Lechwerke's assets?
Raw Data
DB:LEC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €14.16
DB:LEC Share Price * DB (2020-04-07) in EUR €106
Europe Electric Utilities Industry PB Ratio Median Figure of 87 Publicly-Listed Electric Utilities Companies 0.78x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.45x
DB:LEC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= DB:LEC Share Price ÷ Book Value per Share (both in EUR)

= 106 ÷ 14.16

7.49x

* Primary Listing of Lechwerke.

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

  • Lechwerke is overvalued based on assets compared to the Europe Electric Utilities industry average.
X
Value checks
We assess Lechwerke'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. Lechwerke has a total score of 0/6, 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.

LEC Future Performance

 How is Lechwerke 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 Lechwerke 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
9.6%
Expected Electric Utilities industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Lechwerke expected to grow at an attractive rate?
  • Unable to compare Lechwerke's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Lechwerke's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Lechwerke's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:LEC Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Electric Utilities Industry Earnings Growth Rate Market Cap Weighted Average 9.6%
Europe Electric Utilities Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
DB:LEC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:LEC Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 1,514 140
2019-09-30 1,480 129
2019-06-30 1,404 143 117
2019-03-31 1,359 113 98
2018-12-31 1,315 82 78
2018-09-30 1,291 87 94
2018-06-30 1,268 92 110
2018-03-31 1,278 117 117
2017-12-31 1,288 141 123
2017-09-30 1,319 154 113
2017-06-30 1,350 140 103
2017-03-31 1,364 145 107

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Lechwerke is high growth as no earnings estimate data is available.
  • Unable to determine if Lechwerke 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:LEC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Lechwerke Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:LEC Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31
2019-09-30
2019-06-30
2019-03-31
2018-12-31 2.24
2018-09-30 2.65
2018-06-30
2018-03-31
2017-12-31 2.88
2017-09-30 3.19
2017-06-30
2017-03-31

*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 Lechwerke will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Check out Lechwerke's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
  2. Lechwerke'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. Lechwerke'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 Lechwerke'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.
Lechwerke 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.

LEC Past Performance

  How has Lechwerke 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 Lechwerke'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.
  • Lechwerke's year on year earnings growth rate has been positive over the past 5 years.
  • Lechwerke's 1-year earnings growth exceeds its 5-year average (78.9% vs 1.4%)
  • Lechwerke's earnings growth has exceeded the Europe Electric Utilities industry average in the past year (78.9% vs 9.7%).
Earnings and Revenue History
Lechwerke'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 Lechwerke Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:LEC Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 1,514.12 139.90 34.60
2019-09-30 1,479.71 128.66 35.73
2019-06-30 1,404.34 117.43 56.62
2019-03-31 1,359.49 97.82 57.25
2018-12-31 1,314.63 78.21 57.88
2018-09-30 1,291.10 94.06 48.02
2018-06-30 1,267.58 109.91 38.16
2018-03-31 1,277.61 116.53 39.26
2017-12-31 1,287.64 123.15 40.37
2017-09-30 1,318.67 113.15 36.12
2017-06-30 1,349.71 103.15 31.86
2017-03-31 1,364.40 107.33 32.23
2016-12-31 1,379.09 111.52 32.60
2016-09-30 1,362.11 115.43 43.19
2016-06-30 1,346.88 119.34 53.78
2016-03-31 1,320.32 138.62 51.89
2015-12-31 1,292.01 157.90 50.00
2015-09-30 642.05 104.46 -34.82
2015-06-30 820.63 96.42 -19.03
2015-03-31 1,069.81 90.81 7.95
2014-12-31 1,318.99 85.21 34.93
2014-09-30 2,169.94 134.53 140.57
2014-06-30 2,185.48 138.47 145.61
2014-03-31 2,166.79 123.47 141.47
2013-12-31 2,154.97 108.48 137.33
2013-09-30 2,135.30 113.58 129.08
2013-06-30 2,115.63 118.69 120.83

*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.
  • Lechwerke has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Lechwerke used its assets more efficiently than the Europe Electric Utilities industry average last year based on Return on Assets.
  • Lechwerke's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Lechwerke'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.
Lechwerke has a total score of 5/6, 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.

LEC Health

 How is Lechwerke'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 Lechwerke's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Lechwerke's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Lechwerke's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Lechwerke'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.
  • Lechwerke has no debt, it does not need to be covered by short term assets.
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 Lechwerke Company Filings, last reported 3 months ago.

DB:LEC Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 542.43 0.00 0.49
2019-09-30 542.43 0.00 0.49
2019-06-30 479.17 0.00 2.10
2019-03-31 479.17 0.00 2.10
2018-12-31 501.77 0.00 2.24
2018-09-30 501.77 0.00 2.24
2018-06-30 460.99 0.00 1.66
2018-03-31 460.99 0.00 1.66
2017-12-31 522.81 0.00 0.89
2017-09-30 522.81 0.00 0.89
2017-06-30 450.33 0.00 1.96
2017-03-31 450.33 0.00 1.96
2016-12-31 491.82 5.20 0.69
2016-09-30 491.82 5.20 0.69
2016-06-30 439.34 0.00 1.29
2016-03-31 439.34 0.00 1.29
2015-12-31 472.46 5.20 10.11
2015-09-30 472.46 5.20 10.11
2015-06-30
2015-03-31 399.63 5.20 0.69
2014-12-31 399.63 5.20 0.69
2014-09-30 973.18 21.21 577.20
2014-06-30 952.76 5.36 551.77
2014-03-31 952.76 5.36 551.77
2013-12-31 935.89 7.71 546.27
2013-09-30 935.89 7.71 546.27
2013-06-30 857.09 20.07 497.94
  • Lechwerke has no debt.
  • Lechwerke has no debt compared to 5 years ago when it was 1.3%.
  • Lechwerke has no debt, it does not need to be covered by operating cash flow.
  • Lechwerke has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Lechwerke'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. Lechwerke 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.

LEC Dividends

 What is Lechwerke'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
2.64%
Current annual income from Lechwerke dividends.
If you bought €2,000 of Lechwerke shares you are expected to receive €53 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?
  • Lechwerke's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.67%).
  • Lechwerke's dividend is below the markets top 25% of dividend payers in Germany (4.71%).
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:LEC 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 51 Stocks 4.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

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

DB:LEC Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-20 2.800 2.844
2018-03-20 2.800 3.008
2017-02-21 2.600 3.365
2016-02-24 2.600 3.789
2015-01-30 2.400 3.441
2014-03-12 2.000 2.838
2013-03-13 2.000 3.196
2012-01-02 2.000 3.339
2011-01-27 2.000 3.352
2010-01-04 1.800 3.144

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Lechwerke's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.8x coverage).
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 Lechwerke's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Lechwerke afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Lechwerke has a total score of 3/6, see the detailed checks below.


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

LEC Management

 What is the CEO of Lechwerke'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.
  • Lechwerke has no CEO, or we have no data on them.
Management Team

Markus Litpher

TITLE
Chief Commercial Officer & Member of the Management Board
COMPENSATION
€362K
TENURE
10.9 yrs

Norbert Schürmann

TITLE
CTO & Member of the Management Board
COMPENSATION
€352K
AGE
58
TENURE
8.3 yrs
Board of Directors

Bernd Böddeling

TITLE
Chairman of the Supervisory Board
COMPENSATION
€1,000

Thomas Siprak

TITLE
Second Vice Chairman of the Supervisory Board & Member of the Advisory Board
COMPENSATION
€18K

Jürgen Reichert

TITLE
Chairman of the Advisory Board & Member of the Supervisory Board
COMPENSATION
€12K

Andreas Scherer

TITLE
Vice Chairman of the Advisory Board

Peter Saalfrank

TITLE
Member of the Advisory Board

Wolfgang Kässer

TITLE
Member of the Advisory Board
COMPENSATION
€21K

Ivo Holzinger

TITLE
Member of the Advisory Board
COMPENSATION
€11K

Richard Fank

TITLE
Member of the Advisory Board

Ulrich Humbaur

TITLE
Member of the Advisory Board

Martin Sailer

TITLE
Member of the Advisory Board
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 Lechwerke'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. Lechwerke 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.

LEC News

Simply Wall St News

Here's What Lechwerke AG's (FRA:LEC) P/E Is Telling Us

See our latest analysis for Lechwerke How Do You Calculate A P/E Ratio? … The formula for P/E is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Lechwerke: P/E of 42.19 = €94.5 ÷ €2.24 (Based on the year to December 2018.) Is A High Price-to-Earnings Ratio Good? … The higher the P/E ratio, the higher the price tag of a business, relative to its trailing earnings.

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The Lechwerke (FRA:LEC) Share Price Has Gained 43% And Shareholders Are Hoping For More

For example, Lechwerke AG (FRA:LEC) shareholders have seen the share price rise 43% over three years, well in excess of the market return (-0.2%, not including dividends). … When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. … We note that for Lechwerke the TSR over the last 3 years was 57%, which is better than the share price return mentioned above.

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Is Lechwerke AG's (FRA:LEC) 2.8% Dividend Sustainable?

When buying stocks for their dividends, you should always run through the checks below, to see if the dividend looks sustainable. … Click the interactive chart for our full dividend analysis DB:LEC Historical Dividend Yield, July 17th 2019 Payout ratios Companies (usually) pay dividends out of their earnings. … Conclusion When we look at a dividend stock, we need to form a judgement on whether the dividend will grow, if the company is able to maintain it in a wide range of economic circumstances, and if the dividend payout is sustainable.

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Why We Like Lechwerke AG’s (FRA:LEC) 12% Return On Capital Employed

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Lechwerke: 0.12 = €68m ÷ (€1.8b - €1.3b) (Based on the trailing twelve months to December 2018.) So, Lechwerke has an ROCE of 12%. … Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE. … Our Take On Lechwerke's ROCE While its ROCE looks decent, it wouldn't look so good if it reduced current liabilities.

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What You Must Know About Lechwerke AG's (FRA:LEC) Financial Health

LEC’s financial liquidity and debt position will be analysed in this article, to get an idea of whether the company can fund opportunities for strategic growth and maintain strength through economic downturns. … For LEC, the debt-to-equity ratio is zero, meaning that the company has no debt. … Given zero long-term debt on its balance sheet, Lechwerke has no solvency issues, which is used to describe the company’s ability to meet its long-term obligations.

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Is Lechwerke AG's (FRA:LEC) High P/E Ratio A Problem For Investors?

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … The formula for P/E is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Lechwerke: P/E of 45.54 = €102 ÷ €2.24 (Based on the trailing twelve months to December 2018.) Is A High Price-to-Earnings Ratio Good? … How Growth Rates Impact P/E Ratios If earnings fall then in the future the 'E' will be lower.

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Why Lechwerke AG (FRA:LEC) Looks Like A Quality Company

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Another way to think of that is that for every €1 worth of equity in the company, it was able to earn €0.16. … Return on Equity = Net Profit ÷ Shareholders' Equity

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If You Had Bought Lechwerke (FRA:LEC) Shares Three Years Ago You'd Have Made 51%

For example, the Lechwerke AG (FRA:LEC) share price is up 51% in the last three years, clearly besting than the market return of around 7.0% (not including dividends). … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … During the three years of share price growth, Lechwerke actually saw its earnings per share (EPS) drop 5.0% per year.

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Here's What Lechwerke AG's (FRA:LEC) P/E Is Telling Us

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … To keep it practical, we'll show how Lechwerke AG's (FRA:LEC) P/E ratio could help you assess the value on offer. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

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Is Lechwerke AG (FRA:LEC) As Strong As Its Balance Sheet Indicates?

Small-caps and large-caps are wildly popular among investors; however, mid-cap stocks, such as Lechwerke AG (FRA:LEC) with a market-capitalization of €3.2b, rarely draw their attention. … Let’s take a look at LEC’s debt concentration and assess their financial liquidity to get an idea of their ability to fund strategic acquisitions and grow through cyclical pressures. … Note that this information is centred entirely on financial health and is a top-level understanding, so I encourage you to look further.

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LEC Company Info

Description

Lechwerke AG, together with its subsidiaries, provides electricity and gas products, and energy-related services in Germany. The company’s energy-related services include contracting, energy certification, and energy control. It is also involved in the provision of street lighting services; development and implementation of energy efficiency projects and energy concepts; network operation management; planning, expansion, and maintenance of cables and power systems; and owns and operates 36 hydropower power plants at Danube, Iller, Günz, Lech, and Wertach, Bavaria. The company was founded in 1898 and is based in Augsburg, Germany.

Details
Name: Lechwerke AG
LEC
Exchange: DB
Founded: 1898
€3,402,685,440
35,444,640
Website: http://www.lew.de
Address: Lechwerke AG
Schaezlerstrasse 3,
Augsburg,
Bavaria, 86150,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
DB LEC Common Stock Deutsche Boerse AG DE EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
342
Lechwerke employees.
Industry
Electric Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 20:47
End of day share price update: 2020/04/07 00:00
Last earnings filing: 2020/03/31
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.