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Villeroy & Boch

BATS-CHIXE:VIB3D
Snowflake Description

Solid track record and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
VIB3D
BATS-CHIXE
€289M
Market Cap
  1. Home
  2. GB
  3. Capital Goods
Company description

Villeroy & Boch AG, together with its subsidiaries, manufactures and sells ceramic products worldwide. The last earnings update was 21 days ago. More info.


Add to Portfolio Compare Print
  • Villeroy & Boch has significant price volatility in the past 3 months.
VIB3D Share Price and Events
7 Day Returns
11.2%
BATS-CHIXE:VIB3D
-1.6%
GB Building
0.1%
GB Market
1 Year Returns
-24.9%
BATS-CHIXE:VIB3D
-10.8%
GB Building
-23.6%
GB Market
VIB3D Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Villeroy & Boch (VIB3D) 11.2% -5.4% -24.7% -24.9% -40.7% -17.7%
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
  • VIB3D underperformed the Building industry which returned -10.8% over the past year.
  • VIB3D underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -23.6% over the past year.
Price Volatility
VIB3D
Industry
5yr Volatility vs Market

VIB3D Value

 Is Villeroy & Boch 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 Villeroy & Boch 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 Villeroy & Boch.

BATS-CHIXE:VIB3D Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.8%
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:VIB3D
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- 30%) (53.88%))
1.328
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.33
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (1.328 * 5.44%)
7.75%

Discounted Cash Flow Calculation for BATS-CHIXE:VIB3D using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Villeroy & Boch 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:VIB3D DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 7.75%)
2020 112.40 Analyst x1 104.31
2021 99.50 Analyst x1 85.70
2022 111.00 Analyst x1 88.72
2023 22.00 Analyst x1 16.32
2024 24.60 Analyst x1 16.94
2025 16.24 Est @ -34% 10.37
2026 12.40 Est @ -23.64% 7.35
2027 10.37 Est @ -16.39% 5.70
2028 9.19 Est @ -11.31% 4.70
2029 8.48 Est @ -7.76% 4.02
Present value of next 10 years cash flows €344.00
BATS-CHIXE:VIB3D DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €8.48 × (1 + 0.53%) ÷ (7.75% – 0.53%)
€118.05
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €118.05 ÷ (1 + 7.75%)10
€55.95
BATS-CHIXE:VIB3D Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €344.00 + €55.95
€399.95
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €399.95 / 26.41
€15.15
BATS-CHIXE:VIB3D Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:VIB3D represents 1.04566x of XTRA:VIB3
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.04566x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 15.15 x 1.04566
€15.84
Value per share (EUR) From above. €15.84
Current discount Discount to share price of €11.45
= -1 x (€11.45 - €15.84) / €15.84
27.7%

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

Current Discount
Amount off the current price Villeroy & Boch is available for.
Intrinsic value
28%
Share price is €11.45 vs Future cash flow value of €15.84
Current Discount Checks
For Villeroy & Boch to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Villeroy & Boch's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Villeroy & Boch'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 Villeroy & Boch's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Villeroy & Boch's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:VIB3D PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €3.04
XTRA:VIB3 Share Price ** XTRA (2020-04-07) in EUR €10.95
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 Villeroy & Boch.

BATS-CHIXE:VIB3D PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= XTRA:VIB3 Share Price ÷ EPS (both in EUR)

= 10.95 ÷ 3.04

3.61x

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

  • Villeroy & Boch is good value based on earnings compared to the GB Building industry average.
  • Villeroy & Boch is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Villeroy & Boch's expected growth come at a high price?
Raw Data
BATS-CHIXE:VIB3D PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 3.61x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
-32.7%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:VIB3D PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 3.61x ÷ -32.7%

-0.11x

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

  • Villeroy & Boch 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 Villeroy & Boch's assets?
Raw Data
BATS-CHIXE:VIB3D PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €9.44
XTRA:VIB3 Share Price * XTRA (2020-04-07) in EUR €10.95
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:VIB3D PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= XTRA:VIB3 Share Price ÷ Book Value per Share (both in EUR)

= 10.95 ÷ 9.44

1.16x

* Primary Listing of Villeroy & Boch.

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

  • Villeroy & Boch is overvalued based on assets compared to the GB Building industry average.
X
Value checks
We assess Villeroy & Boch'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. Villeroy & Boch has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

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

VIB3D Future Performance

 How is Villeroy & Boch expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
-32.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Villeroy & Boch expected to grow at an attractive rate?
  • Villeroy & Boch'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
  • Villeroy & Boch'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.
  • Villeroy & Boch'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:VIB3D Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:VIB3D Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts -32.7%
BATS-CHIXE:VIB3D Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 2.5%
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:VIB3D Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 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:VIB3D Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 923 1
2023-12-31 901 1
2022-12-31 875 33 1
2021-12-31 835 29 1
2020-12-31 765 10 1
2020-04-08
BATS-CHIXE:VIB3D Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 833 46 80
2019-09-30 825 40 31
2019-06-30 827 17 31
2019-03-31 841 6 32
2018-12-31 853 2 34
2018-09-30 850 -6 31
2018-06-30 854 14 31
2018-03-31 845 36 30
2017-12-31 837 41 30
2017-09-30 828 50 30
2017-06-30 824 68 30
2017-03-31 823 70 29

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Villeroy & Boch's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Villeroy & Boch's revenue is expected to grow by 2.5% 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:VIB3D 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 1 Analyst Estimates (S&P Global) See Below

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

BATS-CHIXE:VIB3D 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 1.27 1.27 1.27 1.00
2021-12-31 1.12 1.12 1.12 1.00
2020-12-31 0.40 0.40 0.40 1.00
2020-04-08
BATS-CHIXE:VIB3D Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 3.04
2019-09-30
2019-06-30
2019-03-31
2018-12-31 1.27
2018-09-30
2018-06-30
2018-03-31
2017-12-31 1.13
2017-09-30
2017-06-30
2017-03-31 1.11

*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 Villeroy & Boch will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Villeroy & Boch'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.
Villeroy & Boch 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.

VIB3D Past Performance

  How has Villeroy & Boch 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 Villeroy & Boch'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.
  • Villeroy & Boch's year on year earnings growth rate has been positive over the past 5 years.
  • Villeroy & Boch's 1-year earnings growth exceeds its 5-year average (139.4% vs 12.6%)
  • Villeroy & Boch's earnings growth has exceeded the GB Building industry average in the past year (139.4% vs 2.5%).
Earnings and Revenue History
Villeroy & Boch'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 Villeroy & Boch Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:VIB3D Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 833.30 80.20 315.60
2019-09-30 825.10 31.00 301.00
2019-06-30 826.70 31.10 304.30
2019-03-31 841.10 31.60 310.30
2018-12-31 853.10 33.50 310.70
2018-09-30 849.70 30.60 320.70
2018-06-30 853.70 30.50 322.80
2018-03-31 845.00 30.40 321.30
2017-12-31 836.50 29.90 322.50
2017-09-30 828.10 29.80 323.80
2017-06-30 823.90 30.10 320.90
2017-03-31 822.90 29.40 320.10
2016-12-31 820.10 29.10 320.00
2016-09-30 820.10 28.70 318.80
2016-06-30 815.50 27.40 319.80
2016-03-31 807.00 27.60 319.20
2015-12-31 803.80 27.30 319.60
2015-09-30 785.90 24.70 314.70
2015-06-30 781.10 26.80 312.70
2015-03-31 768.50 25.80 308.90
2014-12-31 766.30 24.30 306.60
2014-09-30 760.80 22.80 304.60
2014-06-30 757.60 26.10 303.60
2014-03-31 754.60 24.80 304.20
2013-12-31 745.30 23.90 302.30
2013-09-30 743.60 21.90 311.50
2013-06-30 740.20 15.30 308.50

*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.
  • Villeroy & Boch has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Villeroy & Boch used its assets more efficiently than the GB Building industry average last year based on Return on Assets.
  • Villeroy & Boch's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Villeroy & Boch'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.
Villeroy & Boch 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.

VIB3D Health

 How is Villeroy & Boch'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 Villeroy & Boch's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Villeroy & Boch is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Villeroy & Boch's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Villeroy & Boch'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 4.9x 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 Villeroy & Boch Company Filings, last reported 3 months ago.

BATS-CHIXE:VIB3D Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 254.00 112.50 218.90
2019-09-30 198.30 82.30 31.70
2019-06-30 199.20 71.20 24.50
2019-03-31 211.40 58.90 31.50
2018-12-31 209.40 58.10 68.10
2018-09-30 192.90 67.70 41.10
2018-06-30 186.10 55.50 52.40
2018-03-31 185.10 55.50 69.00
2017-12-31 194.60 51.10 118.70
2017-09-30 178.30 61.80 102.40
2017-06-30 169.90 64.60 109.20
2017-03-31 165.20 53.90 95.20
2016-12-31 172.60 50.50 111.20
2016-09-30 151.20 50.40 73.80
2016-06-30 162.10 50.30 56.10
2016-03-31 171.40 50.80 56.30
2015-12-31 165.30 50.60 65.60
2015-09-30 142.40 52.10 31.30
2015-06-30 141.10 30.20 9.50
2015-03-31 139.10 51.30 24.40
2014-12-31 144.40 51.00 66.80
2014-09-30 158.90 50.50 34.10
2014-06-30 154.10 50.20 36.90
2014-03-31 151.10 51.70 38.70
2013-12-31 160.40 51.20 60.30
2013-09-30 150.20 50.80 26.50
2013-06-30 144.00 53.30 23.50
  • Villeroy & Boch's level of debt (44.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (35.3% vs 44.3% today).
  • Debt is well covered by operating cash flow (41.2%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.8x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Villeroy & Boch'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. Villeroy & Boch has a total score of 3/6, 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.

VIB3D Dividends

 What is Villeroy & Boch'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
5.48%
Current annual income from Villeroy & Boch dividends. Estimated to be 3.87% next year.
If you bought €2,000 of Villeroy & Boch shares you are expected to receive €110 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?
  • Villeroy & Boch's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.59%).
  • Villeroy & Boch'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:VIB3D 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 1 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:VIB3D Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 0.56 1.00
2021-12-31 0.52 1.00
2020-12-31 0.19 1.00
2020-04-08
BATS-CHIXE:VIB3D Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-03-18 0.600 5.894
2020-02-06 0.600 4.558
2019-03-20 0.600 4.286
2019-01-15 0.600 4.092
2018-02-08 0.570 3.498
2017-02-09 0.530 2.837
2016-02-11 0.490 3.554
2015-02-12 0.440 3.271
2015-02-03 0.440 3.428
2014-02-10 0.420 3.377
2014-02-07 0.420 3.421
2013-01-28 0.400 4.470
2012-03-29 0.400 5.503
2012-03-27 0.400 5.131
2011-03-24 0.200 3.144
2010-10-28 0.000 0.000
2010-10-15 0.000 0.000
2010-07-29 0.000 0.000
2010-04-29 0.000 0.000
2010-03-01 0.000 0.000

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

  • Whilst dividend payments have been stable, Villeroy & Boch has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Villeroy & Boch only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Villeroy & Boch's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.3x coverage).
X
Income/ dividend checks
We assess Villeroy & Boch'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 Villeroy & Boch afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Villeroy & Boch 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.

VIB3D Management

 What is the CEO of Villeroy & Boch'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
Frank Göring
AGE 58
TENURE AS CEO 12.8 years
CEO Bio

Mr. Frank Göring has been the Chief Executive Officer of Villeroy & Boch AG. since June 1, 2007 and served as Head of Bathroom and Wellness Division since January 5, 2005. Mr. Göring has been the Chairman of Management Board of Villeroy & Boch AG since May 2009. He served as a Board Member for bathroom and kitchen ceramics division of Villeroy & Boch AG from January 1, 2005 to April 30, 2005. He has been a Member of Management Board of Villeroy & Boch AG since January 1, 2005 .

CEO Compensation
  • Insufficient data for Frank to compare compensation growth.
  • Insufficient data for Frank 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 Villeroy & Boch management team in years:

7.3
Average Tenure
57
Average Age
  • The average tenure for the Villeroy & Boch management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Frank Göring

TITLE
Chairman of Management Board & CEO
AGE
58
TENURE
12.8 yrs

Markus Warncke

TITLE
CFO & Member of Management Board
AGE
50
TENURE
5.3 yrs

Andreas Pfeiffer

TITLE
Bathroom & Wellness Director and Member of Management Board
AGE
57
TENURE
7.9 yrs

Gabriele Schupp

TITLE
Director of Tableware & Member of Management Board
TENURE
1.2 yrs

Sven Köpsel

TITLE
Head of Investor Relations

Ernst-Albrecht Klahn

TITLE
Corporate Marketing Director
TENURE
7.3 yrs

Jorg Hagmaier

TITLE
Head of Corporate Human Resources

Martin Metzler

TITLE
Head of Sales - Bathroom

Jens-Peter Schlingmann

TITLE
Head of Sales - Bathroom

Constantin Boch

TITLE
Head of Sales - Bathroom & Wellness
Board of Directors Tenure

Average tenure and age of the Villeroy & Boch board of directors in years:

3.3
Average Tenure
56
Average Age
  • The tenure for the Villeroy & Boch board of directors is about average.
Board of Directors

Alexander von Boch-Galhau

TITLE
Chairman of the Supervisory Board
COMPENSATION
€57K
AGE
70
TENURE
0.3 yrs

Ralf Runge

TITLE
First Vice Chairman of Supervisory Board
COMPENSATION
€56K
AGE
56
TENURE
11.9 yrs

Louis de Schorlemer

TITLE
Supervisory Board Member
COMPENSATION
€25K
AGE
47
TENURE
1.1 yrs

Peter Wittgenstein

TITLE
Supervisory Board Member
COMPENSATION
€25K
AGE
79
TENURE
0.3 yrs

Dietmar Langenfeld

TITLE
Employee Representative Member of Supervisory Board
COMPENSATION
€45K
AGE
61
TENURE
13.3 yrs

Dietmar Geuskens

TITLE
Employee Representative Member of Supervisory Board
COMPENSATION
€44K
AGE
59
TENURE
12.8 yrs

Christina Rosenberg

TITLE
Member of Supervisory Board
COMPENSATION
€44K
AGE
50
TENURE
7.1 yrs

Dominique de Galhau

TITLE
Member of Supervisory Board
COMPENSATION
€44K
AGE
54
TENURE
4.5 yrs

Sabine Supke

TITLE
Employee Representative Supervisory Board Member
COMPENSATION
€24K
AGE
55
TENURE
2 yrs

Thomas Kannengießer

TITLE
Employee representative Supervisory Board Member
COMPENSATION
€25K
AGE
56
TENURE
2.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Villeroy & Boch'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. Villeroy & Boch 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.

VIB3D News

Simply Wall St News

VIB3D Company Info

Description

Villeroy & Boch AG, together with its subsidiaries, manufactures and sells ceramic products worldwide. It operates through Bathroom and Wellness, and Tableware divisions. The Bathroom and Wellness division manufactures ceramic sanitary ware, ceramic kitchen sinks, bathroom furniture, bathtubs and shower tubs, whirlpools, fittings, and accessories. It also provides shower toilets, installation systems, outdoor system pools and accessories, and others. The Tableware division offers tableware, crystal/glass and cutlery, and accessories, as well as kitchen and tableware textiles, and gift articles. The company offers its products primarily under the Villeroy & Boch brand. It sells its products through a network of 100 Villeroy & Boch stores and approximately 500 points of sale facilities at department stores, as well as through its online shops. The company serves dealers, craftsmen, architects, interior designers, planners, small porcelain retailers, department store chains, e-commerce providers, investors, office buildings, hotels, and residential complexes, as well as operators of hotels and restaurants. Villeroy & Boch AG was founded in 1748 and is headquartered in Mettlach, Germany.

Details
Name: Villeroy & Boch AG
VIB3D
Exchange: BATS-CHIXE
Founded: 1748
€289,151,952
26,406,571
Website: http://www.villeroy-boch.com
Address: Villeroy & Boch AG
Saaruferstrasse 1-3,
Mettlach,
Saarland, 66693,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA VIB3 Non-Voting Individual Preference Shares XETRA Trading Platform DE EUR 02. Jan 1992
DB VIB3 Non-Voting Individual Preference Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0OPA Non-Voting Individual Preference Shares London Stock Exchange GB EUR 02. Jan 1992
SWX VIB3 Non-Voting Individual Preference Shares SIX Swiss Exchange CH CHF 02. Jan 1992
ETLX VIB3 Non-Voting Individual Preference Shares Eurotlx IT EUR 02. Jan 1992
BATS-CHIXE VIB3D Non-Voting Individual Preference Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
7,835
Villeroy & Boch employees.
Industry
Building Products
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 00:34
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/03/25
Last earnings filing: 2020/03/18
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.