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H&K

ENXTPA:MLHK
Snowflake Description

Worrying balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MLHK
ENXTPA
€2B
Market Cap
  1. Home
  2. FR
  3. Capital Goods
Company description

H&K AG, together with its subsidiary, develops, manufactures, markets, and distributes infantry and sidearms for federal, state, or local governmental agencies in NATO countries and the European Union. The last earnings update was 154 days ago. More info.


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  • H&K has significant price volatility in the past 3 months.
MLHK Share Price and Events
7 Day Returns
-40.7%
ENXTPA:MLHK
-4.8%
FR Aerospace & Defense
1.8%
FR Market
1 Year Returns
-50%
ENXTPA:MLHK
-44.9%
FR Aerospace & Defense
-17.5%
FR Market
MLHK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
H&K (MLHK) -40.7% -35.5% - -50% -65.2% -
FR Aerospace & Defense -4.8% -36% -49.2% -44.9% -16.8% -1.9%
FR Market 1.8% -12.1% -24.9% -17.5% -7.6% -7.2%
1 Year Return vs Industry and Market
  • MLHK underperformed the Aerospace & Defense industry which returned -44.9% over the past year.
  • MLHK underperformed the Market in France which returned -17.5% over the past year.
Price Volatility
MLHK
Industry
5yr Volatility vs Market

Value

 Is H&K 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 H&K 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 H&K.

ENXTPA:MLHK 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 5%
Perpetual Growth Rate 10-Year FR Government Bond Rate -0.1%

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 ENXTPA:MLHK
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year FR Govt Bond Rate -0.1%
Equity Risk Premium S&P Global 5.4%
Aerospace & Defense Unlevered Beta Simply Wall St/ S&P Global 0.85
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.849 (1 + (1- 30%) (10.6%))
0.941
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.94
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.11% + (0.941 * 5.44%)
5.01%

Discounted Cash Flow Calculation for ENXTPA:MLHK using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for H&K 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.

ENXTPA:MLHK DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 5.01%)
2020 2.27 Est @ -39.17% 2.17
2021 1.65 Est @ -27.45% 1.50
2022 1.33 Est @ -19.25% 1.15
2023 1.15 Est @ -13.51% 0.95
2024 1.04 Est @ -9.49% 0.82
2025 0.97 Est @ -6.67% 0.73
2026 0.93 Est @ -4.7% 0.66
2027 0.90 Est @ -3.33% 0.61
2028 0.88 Est @ -2.36% 0.56
2029 0.86 Est @ -1.69% 0.53
Present value of next 10 years cash flows €9.00
ENXTPA:MLHK DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €0.86 × (1 + -0.11%) ÷ (5.01% – -0.11%)
€16.80
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €16.80 ÷ (1 + 5.01%)10
€10.30
ENXTPA:MLHK Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €9.00 + €10.30
€19.30
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €19.30 / 27.64
€0.7
ENXTPA:MLHK Discount to Share Price
Calculation Result
Value per share (EUR) From above. €0.70
Current discount Discount to share price of €80.00
= -1 x (€80.00 - €0.70) / €0.70
-11356.3%

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

  • The current share price of H&K 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 H&K's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are H&K's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ENXTPA:MLHK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in EUR €-0.11
ENXTPA:MLHK Share Price ** ENXTPA (2020-04-08) in EUR €80
France Aerospace & Defense Industry PE Ratio Median Figure of 8 Publicly-Listed Aerospace & Defense Companies 12.77x
France Market PE Ratio Median Figure of 411 Publicly-Listed Companies 13.88x

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

** Primary Listing of H&K.

ENXTPA:MLHK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTPA:MLHK Share Price ÷ EPS (both in EUR)

= 80 ÷ -0.11

-747.46x

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

  • H&K is loss making, we can't compare its value to the FR Aerospace & Defense industry average.
  • H&K is loss making, we can't compare the value of its earnings to the France market.
Price based on expected Growth
Does H&K's expected growth come at a high price?
Raw Data
ENXTPA:MLHK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -747.46x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
France Aerospace & Defense Industry PEG Ratio Median Figure of 8 Publicly-Listed Aerospace & Defense Companies 1.3x
France Market PEG Ratio Median Figure of 253 Publicly-Listed Companies 1.01x

*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 H&K, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on H&K's assets?
Raw Data
ENXTPA:MLHK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in EUR €-4.53
ENXTPA:MLHK Share Price * ENXTPA (2020-04-08) in EUR €80
France Aerospace & Defense Industry PB Ratio Median Figure of 11 Publicly-Listed Aerospace & Defense Companies 1.12x
France Market PB Ratio Median Figure of 591 Publicly-Listed Companies 1.16x
ENXTPA:MLHK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTPA:MLHK Share Price ÷ Book Value per Share (both in EUR)

= 80 ÷ -4.53

-17.64x

* Primary Listing of H&K.

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

  • H&K has negative assets, we can't compare the value of its assets to the FR Aerospace & Defense industry average.
X
Value checks
We assess H&K'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 Aerospace & Defense 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 Aerospace & Defense industry average (and greater than 0)? (1 check)
  5. H&K 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.

Future Performance

 How is H&K 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 H&K 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
21.6%
Expected Aerospace & Defense industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is H&K expected to grow at an attractive rate?
  • Unable to compare H&K's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare H&K's earnings growth to the France market average as no estimate data is available.
  • Unable to compare H&K's revenue growth to the France market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ENXTPA:MLHK Future Growth Rates Data Sources
Data Point Source Value (per year)
France Aerospace & Defense Industry Earnings Growth Rate Market Cap Weighted Average 21.6%
France Aerospace & Defense Industry Revenue Growth Rate Market Cap Weighted Average 1.5%
France Market Earnings Growth Rate Market Cap Weighted Average 12.2%
France Market Revenue Growth Rate Market Cap Weighted Average 3.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
ENXTPA:MLHK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 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.
ENXTPA:MLHK Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-09-30 243 22 -3
2019-06-30 238 13 -5
2019-03-31 233 6 -7
2018-12-31 221 0 -8
2018-09-30 211 1 -10
2018-06-30 195 7 -17
2018-03-31 179 9 -18
2017-12-31 182 17 -13
2017-09-30 193 32 -4
2017-06-30 203 49 7
2017-03-31 206 60 9
2016-12-31 202 66 7

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if H&K is high growth as no earnings estimate data is available.
  • Unable to determine if H&K 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
ENXTPA:MLHK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from H&K Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:MLHK Past Financials Data
Date (Data in EUR Millions) EPS *
2019-09-30 -0.11
2019-06-30 -0.16
2019-03-31 -0.25
2018-12-31 -0.29
2018-09-30
2018-06-30
2018-03-31 -0.64
2017-12-31 -0.59
2017-09-30
2017-06-30
2017-03-31
2016-12-31 0.34

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

Next steps:

  1. H&K'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 Capital Goods companies here
  2. H&K's competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess H&K'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 France market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the France 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.
H&K 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 H&K 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 H&K's growth in the last year to its industry (Aerospace & Defense).
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.
  • H&K does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare H&K's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare H&K's 1-year growth to the FR Aerospace & Defense industry average as it is not currently profitable.
Earnings and Revenue History
H&K'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 H&K Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:MLHK Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 242.85 -2.75 35.09 7.27
2019-06-30 238.15 -5.35 37.69 6.47
2019-03-31 232.85 -6.85 37.69 7.07
2018-12-31 220.95 -8.05 37.99 7.37
2018-09-30 210.54 -10.39 45.85 5.52
2018-06-30 195.14 -16.79 46.55 6.72
2018-03-31 178.54 -17.79 46.75 6.12
2017-12-31 182.04 -13.39 46.25 5.72
2017-09-30 192.76 -3.60 44.57 5.78
2017-06-30 202.66 7.40 41.87 6.88
2017-03-31 206.06 9.30 41.67 6.08
2016-12-31 202.36 7.20 40.17 5.88
2016-09-30 200.17 36.28 39.21 5.52
2016-06-30 183.17 25.68 40.11 3.82
2016-03-31 178.02 23.28 39.56 4.12
2015-12-31 176.97 22.18 40.61 3.72
2014-12-31 155.16 -16.07 44.78 2.80
2013-12-31 220.96 17.02 47.01 2.92

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if H&K has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • H&K used its assets less efficiently than the FR Aerospace & Defense industry average last year based on Return on Assets.
  • It is difficult to establish if H&K improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess H&K'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 Aerospace & Defense 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.
H&K 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 H&K'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 H&K's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • H&K is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • H&K's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of H&K'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.
  • H&K has negative shareholder equity (liabilities exceed assets) therefore debt is not 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 H&K Company Filings, last reported 6 months ago.

ENXTPA:MLHK Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 -117.90 232.80 24.00
2019-06-30 -118.60 232.00 28.60
2019-03-31 -120.20 231.40 22.10
2018-12-31 -118.70 230.69 22.28
2018-09-30 -113.50 213.40 13.50
2018-06-30 -111.80 213.00 33.30
2018-03-31 -111.80 182.60 11.00
2017-12-31 -109.32 182.24 18.81
2017-09-30 -153.60 184.10 15.70
2017-06-30 -145.60 220.30 19.40
2017-03-31 -144.50 219.90 30.00
2016-12-31 -146.38 219.50 24.65
2016-09-30 -146.40 236.70 30.00
2016-06-30 -149.20 242.40 25.30
2016-03-31 -149.70 244.31 17.84
2015-12-31 -149.70 244.31 17.84
2014-12-31 -174.30 304.57 31.70
2013-12-31 -151.50 288.29 23.01
  • H&K has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if H&K's debt level has increased considering it has negative shareholder equity.
  • Debt is not well covered by operating cash flow (9.5%, less than 20% of total debt).
  • H&K is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess H&K'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. H&K has a total score of 1/6, 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 H&K'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 H&K dividends.
If you bought €2,000 of H&K 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 H&K's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate H&K'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
ENXTPA:MLHK 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
France Aerospace & Defense Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 3.3%
France Market Average Dividend Yield Market Cap Weighted Average of 297 Stocks 3.8%
France Minimum Threshold Dividend Yield 10th Percentile 1.2%
France Bottom 25% Dividend Yield 25th Percentile 2%
France Top 25% Dividend Yield 75th Percentile 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 H&K has not reported any payouts.
  • Unable to verify if H&K's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of H&K's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as H&K 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 H&K's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - 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 H&K afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. H&K 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 H&K'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
Jens Koch
AGE 46
TENURE AS CEO 1.9 years
CEO Bio

Dr.-Ing. Jens Bodo Koch serves as Chairman of Executive Board & CEO at H&K AG since May 01, 2018. He has served as Managing Director of Heckler & Koch GmbH since May 1, 2018. He serves as a Member of Management Board and Chief Executive Officer at ATLAS ELEKTRONIK GmbH. Dr.-Ing. Koch has comprehensive defense, high-tech and change management experience.

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

Jens Koch

TITLE
Chairman of Executive Board & CEO
AGE
46
TENURE
1.9 yrs

Björn Krönert

TITLE
Chief Financial Officer
TENURE
1.5 yrs
Board of Directors

Dieter John

TITLE
Chairman of Supervisory Board
TENURE
4.2 yrs

Nicolaus Bocklandt

TITLE
Deputy Chairman of Supervisory Board
TENURE
4.2 yrs

Jean-Christoph Arntz

TITLE
Member of Supervisory 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 H&K'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. H&K 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

The H&K (EPA:MLHK) Share Price Is Down 30% So Some Shareholders Are Getting Worried

Investors in H&K AG (EPA:MLHK) have tasted that bitter downside in the last year, as the share price dropped 30%. … Check out our latest analysis for H&K Because H&K is loss-making, we think the market is probably more focussed on revenue and revenue growth, at least for now. … A Different Perspective Given that the market gained 0.2% in the last year, H&K shareholders might be miffed that they lost 30%.

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Is H&K (EPA:MLHK) Using Too Much Debt?

ENXTPA:MLHK Historical Debt, July 17th 2019 A Look At H&K's Liabilities The latest balance sheet data shows that H&K had liabilities of €72.4m due within a year, and liabilities of €318.9m falling due after that. … Because it carries more debt than cash, we think it's worth watching H&K's balance sheet over time. … Looking at the balance sheet and taking into account all these factors, we do believe that debt is making H&K stock a bit risky.

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Volatility 101: Should H&K (EPA:MLHK) Shares Have Dropped 23%?

H&K AG (EPA:MLHK) shareholders should be happy to see the share price up 17% in the last month. … H&K isn't a profitable company, so it is unlikely we'll see a strong correlation between its share price and its earnings per share (EPS). … Meanwhile, the share price is down 23% over twelve months, which is disappointing given the progress made.

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H&K AG (EPA:MLHK)'s Return on Capital

To understand H&K’s capital returns we will look at a useful metric called return on capital employed. … MLHK’s ROCE is calculated below: ROCE Calculation for MLHK Return on Capital Employed (ROCE) = Earnings Before Tax (EBT) ÷ (Capital Employed) Capital Employed = (Total Assets - Current Liabilities) ∴ ROCE = €3.13M ÷ (€214.20M - €97.90M) = 2.70% The calculation above shows that MLHK’s earnings were 2.70% of capital employed. … We can see that earnings have increased from -€7.52M to €3.13M whilst capital employed has also decreased due to a fall in total assets and increase in current liabilities (more borrowed money) , which means the company has been able to improve ROCE by growing earnings and simultaneously putting less capital to work.

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H&K AG (EPA:MLHK): Risks You Need To Consider Before Buying

A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … Based on this beta value, MLHK appears to be a stock that an investor with a high-beta portfolio would look for to reduce risk exposure to the market. … Depending on the composition of your portfolio, low-beta stocks such as MLHK is valuable to lower your risk of market exposure, in particular, during times of economic decline.

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H&K AG (EPA:MLHK): Does The Earnings Decline Make It An Underperformer?

In this article, I will take a look at H&K AG's (ENXTPA:MLHK) most recent earnings update (30 September 2017) and compare these latest figures against its performance over the past few years, along with how the rest of MLHK's industry performed. … View our latest analysis for H&K Commentary On MLHK's Past Performance For the most up-to-date info, I use the ‘latest twelve-month’ data, which annualizes the latest 6-month earnings release, or some times, the latest annual report is already the most recent financial data. … ENXTPA:MLHK Income Statement Mar 12th 18 We can further assess H&K's loss by looking at what the industry has been experiencing over the past few years.

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Company Info

Description

H&K AG, together with its subsidiary, develops, manufactures, markets, and distributes infantry and sidearms for federal, state, or local governmental agencies in NATO countries and the European Union. It offers a range of small arms for military and law enforcement, and civil markets, such as pistols, submachine guns and pistols, assault rifles, precision rifles, machine guns, training systems, 40 MM systems, grenade launchers, and specialist equipment, as well as provides related accessories and services. The company was founded is 1949 and is based in Oberndorf am Neckar, Germany.

Details
Name: H&K AG
MLHK
Exchange: ENXTPA
Founded: 1949
€2,211,273,600
27,640,920
Website: http://www.heckler-koch.com
Address: H&K AG
Heckler & Koch-Street 1,
Oberndorf am Neckar,
Baden-Württemberg, 78727,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA MLHK Share Capital Euronext Paris FR EUR 28. Jul 2015
Number of employees
Current staff
Staff numbers
957
H&K employees.
Industry
Aerospace and Defense
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 22:55
End of day share price update: 2020/04/08 00:00
Last earnings filing: 2019/11/06
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


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

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