Loading...

You're on the old version of Simply Wall St. We will no longer be supporting this site, so we recommend you switch to our brand new platform.

ROCKWOOL International

BATS-CHIXE:ROCKBc
Snowflake Description

Flawless balance sheet with proven track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ROCKBc
BATS-CHIXE
DKK28B
Market Cap
  1. Home
  2. GB
  3. Capital Goods
Company description

ROCKWOOL International A/S, together with its subsidiaries, manufactures and sells stone wool insulations in Western Europe, Eastern Europe, North America, Asia, and internationally. The last earnings update was 62 days ago. More info.


Add to Portfolio Compare Print
  • ROCKWOOL International has significant price volatility in the past 3 months.
ROCKBc Share Price and Events
7 Day Returns
1.4%
BATS-CHIXE:ROCKBc
-1.6%
GB Building
0.1%
GB Market
1 Year Returns
-19.4%
BATS-CHIXE:ROCKBc
-10.8%
GB Building
-23.6%
GB Market
ROCKBc Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ROCKWOOL International (ROCKBc) 1.4% -21.6% -18.1% -19.4% 3.5% 38.3%
GB Building -1.6% -19.3% -26.3% -10.8% -22.8% -0.7%
GB Market 0.1% -15.5% -27% -23.6% -24.3% -23.5%
1 Year Return vs Industry and Market
  • ROCKBc underperformed the Building industry which returned -10.8% over the past year.
  • ROCKBc outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -23.6% over the past year.
Price Volatility
ROCKBc
Industry
5yr Volatility vs Market

Value

 Is ROCKWOOL International 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 ROCKWOOL International 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 ROCKWOOL International.

BATS-CHIXE:ROCKBc Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.3%
Perpetual Growth Rate 10-Year GB Government Bond Rate 0.5%

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 BATS-CHIXE:ROCKBc
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 5.4%
Building Unlevered Beta Simply Wall St/ S&P Global 1.08
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.081 (1 + (1- 22%) (1.65%))
1.064
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.06
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (1.064 * 5.44%)
6.32%

Discounted Cash Flow Calculation for BATS-CHIXE:ROCKBc using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for ROCKWOOL International 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.

BATS-CHIXE:ROCKBc DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.32%)
2020 75.20 Analyst x4 70.73
2021 205.75 Analyst x4 182.03
2022 249.50 Analyst x4 207.62
2023 280.80 Est @ 12.54% 219.78
2024 305.90 Est @ 8.94% 225.20
2025 325.53 Est @ 6.42% 225.42
2026 340.67 Est @ 4.65% 221.89
2027 352.30 Est @ 3.41% 215.83
2028 361.28 Est @ 2.55% 208.18
2029 368.31 Est @ 1.94% 199.62
Present value of next 10 years cash flows €1,976.00
BATS-CHIXE:ROCKBc DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €368.31 × (1 + 0.53%) ÷ (6.32% – 0.53%)
€6,398.58
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €6,398.58 ÷ (1 + 6.32%)10
€3,467.96
BATS-CHIXE:ROCKBc Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €1,976.00 + €3,467.96
€5,443.96
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €5,443.96 / 21.75
€250.25
BATS-CHIXE:ROCKBc Discount to Share Price
Calculation Result
Exchange Rate EUR/DKK
(Reporting currency to currency of CPSE:ROCK B)
7.467
Value per Share
(DKK)
= Value per Share in EUR x Exchange Rate (EUR/DKK)
= €250.25 x 7.467
DKK1868.64
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:ROCKBc represents 0.95798x of CPSE:ROCK B
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.95798x
Value per Share
(Listing Adjusted, DKK)
= Value per Share (DKK) x Listing Adjustment Factor
= DKK 1,868.64 x 0.95798
DKK1,790.13
Value per share (DKK) From above. DKK1,790.13
Current discount Discount to share price of DKK1,254.00
= -1 x (DKK1,254.00 - DKK1,790.13) / DKK1,790.13
29.9%

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

Current Discount
Amount off the current price ROCKWOOL International is available for.
Intrinsic value
30%
Share price is DKK1254 vs Future cash flow value of DKK1790.13
Current Discount Checks
For ROCKWOOL International to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • ROCKWOOL International's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • ROCKWOOL International's share price is below the future cash flow value, but not 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 ROCKWOOL International's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ROCKWOOL International's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:ROCKBc PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €13.01
CPSE:ROCK B Share Price ** CPSE (2020-04-06) in DKK DKK1309
CPSE:ROCK B Share Price converted to EUR reporting currency Exchange rate (DKK/ EUR) 0.134 €175.3
United Kingdom of Great Britain and Northern Ireland Building Industry PE Ratio Median Figure of 10 Publicly-Listed Building Companies 10.55x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 748 Publicly-Listed Companies 12.61x

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

** Primary Listing of ROCKWOOL International.

BATS-CHIXE:ROCKBc PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= CPSE:ROCK B Share Price ÷ EPS (both in EUR)

= 175.3 ÷ 13.01

13.47x

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

  • ROCKWOOL International is overvalued based on earnings compared to the GB Building industry average.
  • ROCKWOOL International is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does ROCKWOOL International's expected growth come at a high price?
Raw Data
BATS-CHIXE:ROCKBc PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.47x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
-0.2%per year
United Kingdom of Great Britain and Northern Ireland Building Industry PEG Ratio Median Figure of 7 Publicly-Listed Building Companies 0.43x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 517 Publicly-Listed Companies 0.99x

*Line of best fit is calculated by linear regression .

BATS-CHIXE:ROCKBc PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.47x ÷ -0.2%

-63.31x

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

  • ROCKWOOL International earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on ROCKWOOL International's assets?
Raw Data
BATS-CHIXE:ROCKBc PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €96.52
CPSE:ROCK B Share Price * CPSE (2020-04-06) in DKK DKK1309
CPSE:ROCK B Share Price converted to EUR reporting currency Exchange rate (DKK/ EUR) 0.134 €175.3
United Kingdom of Great Britain and Northern Ireland Building Industry PB Ratio Median Figure of 12 Publicly-Listed Building Companies 0.95x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,323 Publicly-Listed Companies 1.11x
BATS-CHIXE:ROCKBc PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= CPSE:ROCK B Share Price ÷ Book Value per Share (both in EUR)

= 175.3 ÷ 96.52

1.82x

* Primary Listing of ROCKWOOL International.

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

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

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

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-0.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ROCKWOOL International expected to grow at an attractive rate?
  • ROCKWOOL International's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.5%.
Growth vs Market Checks
  • ROCKWOOL International's earnings are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
  • ROCKWOOL International's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
BATS-CHIXE:ROCKBc Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:ROCKBc Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts -0.2%
BATS-CHIXE:ROCKBc Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 2.6%
United Kingdom of Great Britain and Northern Ireland Building Industry Earnings Growth Rate Market Cap Weighted Average 12.7%
United Kingdom of Great Britain and Northern Ireland Building Industry Revenue Growth Rate Market Cap Weighted Average 2%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 15.5%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 2.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
BATS-CHIXE:ROCKBc Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BATS-CHIXE:ROCKBc Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 3,219 1
2023-12-31 3,086 1
2022-12-31 2,855 493 276 6
2021-12-31 2,731 469 255 6
2020-12-31 2,638 447 232 6
2020-04-07
BATS-CHIXE:ROCKBc Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 2,757 402 285
2019-09-30 2,761 440 279
2019-06-30 2,747 409 278
2019-03-31 2,720 404 268
2018-12-31 2,671 408 265
2018-09-30 2,609 360 279
2018-06-30 2,531 355 258
2018-03-31 2,451 345 236
2017-12-31 2,383 332 214
2017-09-30 2,321 329 178
2017-06-30 2,280 319 172
2017-03-31 2,251 305 170

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • ROCKWOOL International's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • ROCKWOOL International's revenue is expected to grow by 2.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BATS-CHIXE:ROCKBc 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 6 Analyst Estimates (S&P Global) See Below

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

BATS-CHIXE:ROCKBc Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 13.11 14.74 11.07 4.00
2021-12-31 12.11 13.46 10.22 5.00
2020-12-31 10.98 12.83 7.94 5.00
2020-04-07
BATS-CHIXE:ROCKBc Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 13.01
2019-09-30 12.85
2019-06-30 12.75
2019-03-31 12.23
2018-12-31 12.14
2018-09-30 12.78
2018-06-30 11.85
2018-03-31 10.84
2017-12-31 9.85
2017-09-30 8.18
2017-06-30 7.87
2017-03-31 7.89

*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.
  • ROCKWOOL International is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess ROCKWOOL International'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 United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland 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.
ROCKWOOL International has a total score of 1/6, 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 ROCKWOOL International 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 ROCKWOOL International's growth in the last year to its industry (Building).
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.
  • ROCKWOOL International has delivered over 20% year on year earnings growth in the past 5 years.
  • ROCKWOOL International's 1-year earnings growth is less than its 5-year average (7.5% vs 24.1%)
  • ROCKWOOL International's earnings growth has exceeded the GB Building industry average in the past year (7.5% vs 2.5%).
Earnings and Revenue History
ROCKWOOL International'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 ROCKWOOL International Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:ROCKBc 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 2,757.00 285.00 1,296.00
2019-09-30 2,761.00 279.00 1,305.00
2019-06-30 2,747.00 278.00 1,300.00
2019-03-31 2,720.00 268.00 1,292.00
2018-12-31 2,671.00 265.00 1,266.00
2018-09-30 2,609.30 278.60 1,245.00
2018-06-30 2,530.70 258.20 1,210.70
2018-03-31 2,451.00 235.70 1,177.90
2017-12-31 2,383.00 214.00 1,150.00
2017-09-30 2,321.20 178.30 1,127.40
2017-06-30 2,279.90 171.90 1,109.50
2017-03-31 2,251.40 170.20 1,102.00
2016-12-31 2,210.50 166.20 1,088.50
2016-09-30 2,208.30 144.80 1,075.00
2016-06-30 2,213.20 114.50 1,081.40
2016-03-31 2,214.60 101.90 1,343.20
2015-12-31 2,220.30 91.20 1,089.60
2015-09-30 2,206.30 93.30 1,870.50
2015-06-30 2,211.60 109.70 1,596.30
2015-03-31 2,203.90 110.90 1,064.80
2014-12-31 2,187.90 112.40 1,064.80
2014-09-30 2,173.90 122.80 953.00
2014-06-30 2,123.00 128.90 953.00
2014-03-31 2,065.90 121.40 953.00
2013-12-31 2,009.20 115.60 953.00
2013-09-30 1,991.05 111.97 948.96
2013-06-30 1,983.81 105.03 949.09

*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.
  • ROCKWOOL International has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • ROCKWOOL International used its assets more efficiently than the GB Building industry average last year based on Return on Assets.
  • ROCKWOOL International has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess ROCKWOOL International'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 Building 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.
ROCKWOOL International has a total score of 4/6, 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 ROCKWOOL International'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 ROCKWOOL International's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • ROCKWOOL International is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • ROCKWOOL International's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of ROCKWOOL International'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 79x 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 ROCKWOOL International Company Filings, last reported 3 months ago.

BATS-CHIXE:ROCKBc Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 2,118.00 11.00 275.00
2019-09-30 2,057.00 0.00 293.00
2019-06-30 1,959.00 0.00 218.00
2019-03-31 1,968.00 0.00 296.00
2018-12-31 1,877.00 11.00 386.00
2018-09-30 1,821.10 0.00 320.10
2018-06-30 1,731.80 0.00 204.10
2018-03-31 1,721.90 0.00 222.70
2017-12-31 1,684.00 4.00 262.00
2017-09-30 1,572.60 0.00 254.00
2017-06-30 1,533.10 0.00 89.10
2017-03-31 1,581.30 0.00 73.40
2016-12-31 1,535.90 4.30 120.30
2016-09-30 1,473.40 0.00 61.90
2016-06-30 1,420.70 0.00 72.30
2016-03-31 1,399.80 0.00 73.80
2015-12-31 1,367.00 180.20 87.50
2015-09-30 1,334.70 0.00 78.40
2015-06-30 1,364.40 0.00 90.40
2015-03-31 1,377.70 0.00 85.00
2014-12-31 1,303.10 253.10 78.40
2014-09-30 1,361.40 0.00 84.20
2014-06-30 1,314.40 0.00 63.00
2014-03-31 1,271.40 0.00 5.60
2013-12-31 1,283.80 180.90 67.30
2013-09-30 1,259.16 0.00 47.05
2013-06-30 1,232.65 0.00 62.61
  • ROCKWOOL International's level of debt (0.5%) 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 (18.8% vs 0.5% today).
  • Debt is well covered by operating cash flow (3654.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 53.4x coverage).
X
Financial health checks
We assess ROCKWOOL International'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. ROCKWOOL International 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 ROCKWOOL International'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
2.45%
Current annual income from ROCKWOOL International dividends. Estimated to be 2.11% next year.
If you bought DKK2,000 of ROCKWOOL International shares you are expected to receive DKK49 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?
  • ROCKWOOL International's pays a lower dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.59%).
  • ROCKWOOL International's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (7.08%).
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
BATS-CHIXE:ROCKBc 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 6 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Building Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 2.7%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 588 Stocks 5.6%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.3%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2.6%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 7.1%

Industry and Market average data is calculated daily.

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

BATS-CHIXE:ROCKBc Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 4.02 6.00
2021-12-31 3.75 6.00
2020-12-31 3.35 6.00
2020-04-07
BATS-CHIXE:ROCKBc Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-04-01 4.300 2.667
2019-02-08 4.000 1.959
2018-04-11 3.200 1.095
2018-02-08 3.240 1.349
2017-02-24 2.530 1.273
2016-02-26 1.540 0.984
2015-04-15 1.513 1.164
2015-02-19 1.520 1.419
2014-02-21 1.393 1.175
2014-01-15 1.394 1.008
2013-03-22 1.367 1.195
2012-03-01 1.286 1.689
2011-03-10 1.287 1.751
2010-03-01 1.287 1.655
2010-01-15 1.289 1.631

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 ROCKWOOL International's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.1x coverage).
X
Income/ dividend checks
We assess ROCKWOOL International's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - 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 ROCKWOOL International afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. ROCKWOOL International has a total score of 4/6, see the detailed checks below.


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

Management

 What is the CEO of ROCKWOOL International'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 Birgersson
AGE 52
TENURE AS CEO 5.1 years
CEO Bio

Mr. Jens Birgersson serves as President, CEO at ROCKWOOL International A/S since March 2015. He is also the Chairman of the Board of Randers Reb International A/S.

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 United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the ROCKWOOL International management team in years:

4.7
Average Tenure
57.5
Average Age
  • The tenure for the ROCKWOOL International management team is about average.
Management Team

Jens Birgersson

TITLE
President & CEO
AGE
52
TENURE
5.1 yrs

Kim Andersen

TITLE
Senior VP & CFO
AGE
57
TENURE
4.3 yrs

Bjørn Rici Andersen

TITLE
Senior Vice President of Group Operations & Technology
TENURE
2.1 yrs

Thomas Harder

TITLE
Director of Group Treasury & Investor Relations

Mirella Vitale

TITLE
SVP of Group Marketing
AGE
49
TENURE
4.1 yrs

Camilla Grönholm

TITLE
Senior Vice President of Group HR
AGE
55
TENURE
5.3 yrs

Henrik Nielsen

TITLE
Senior VP and Head of Insulation North East Europe & Russia
AGE
58
TENURE
5.3 yrs

Connie Theisen

TITLE
Director of Stakeholder Engagement & Director
AGE
59

Gilles Maria

TITLE
Senior VP and Head of Insulation South West Europe & Insulation Asia
AGE
61
TENURE
4.3 yrs

Volker Christmann

TITLE
Senior VP & Head of Insulation Central Europe
AGE
62
TENURE
5.3 yrs
Board of Directors Tenure

Average tenure and age of the ROCKWOOL International board of directors in years:

4
Average Tenure
59
Average Age
  • The tenure for the ROCKWOOL International board of directors is about average.
Board of Directors

Thomas Kähler

TITLE
Chairman
AGE
49

Carsten Bjerg

TITLE
Independent Deputy Chairman
AGE
60
TENURE
7 yrs

Søren Kähler

TITLE
Second Deputy Chairman
AGE
69
TENURE
4.4 yrs

Connie Theisen

TITLE
Director of Stakeholder Engagement & Director
AGE
59
TENURE
14.3 yrs

Christian Westerberg

TITLE
Project Manager & Director
TENURE
2.3 yrs

Andreas Ronken

TITLE
Independent Director
AGE
52
TENURE
4 yrs

René Rasmussen

TITLE
Director
TENURE
2.3 yrs

Jørgen Tang-Jensen

TITLE
Independent Director
AGE
63
TENURE
3 yrs

Rebekka Herlofsen

TITLE
Director
AGE
49
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 (DKK) Value (DKK)
X
Management checks
We assess ROCKWOOL International'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. ROCKWOOL International 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

ROCKWOOL International A/S, together with its subsidiaries, manufactures and sells stone wool insulations in Western Europe, Eastern Europe, North America, Asia, and internationally. The company operates through two segments, Insulation and Systems segments. It offers products, such as fire-safe stone wool insulations for constructing new buildings and renovating the existing buildings under the ROCKWOOL brand name; and board materials that are applied in ventilated constructions for façade cladding, roof detailing, soffits, and fascias under the Rockpanel brand name. The company also provides acoustic ceilings and walls that combines stone wool ceiling panels with suspension grid systems and accessories under the Rockfon brand name; stone wool substrate solutions for horticulture under the Grodan brand name; and stone wool-based products that are applied in friction and water management, train tracks, coatings, gaskets, and fences under the Lapinus brand name. ROCKWOOL International A/S was founded in 1909 and is based in Hedehusene, Denmark.

Details
Name: ROCKWOOL International A/S
ROCKBc
Exchange: BATS-CHIXE
Founded: 1909
DKK28,487,053,918
21,753,882
Website: http://www.rockwoolgroup.com
Address: ROCKWOOL International A/S
Hovedgaden 584,
Hedehusene,
Capital Region of Denmark, 2640,
Denmark
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
CPSE ROCK B Class B Shares OMX Nordic Exchange Copenhagen DK DKK 18. Jan 1996
OTCPK RKWB.F Class B Shares Pink Sheets LLC US USD 18. Jan 1996
DB R90 Class B Shares Deutsche Boerse AG DE EUR 18. Jan 1996
LSE 0M0A Class B Shares London Stock Exchange GB DKK 18. Jan 1996
BATS-CHIXE ROCKBc Class B Shares BATS 'Chi-X Europe' GB DKK 18. Jan 1996
CPSE ROCK A Class A Shares OMX Nordic Exchange Copenhagen DK DKK 08. Jan 1996
LSE 0M09 Class A Shares London Stock Exchange GB DKK 08. Jan 1996
BATS-CHIXE ROCKAC Class A Shares BATS 'Chi-X Europe' GB DKK 08. Jan 1996
Number of employees
Current staff
Staff numbers
11,691
ROCKWOOL International employees.
Industry
Building Products
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 19:55
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2020/04/03
Last earnings filing: 2020/02/05
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.