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Zumtobel Group

BATS-CHIXE:ZAGV
Snowflake Description

Excellent balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ZAGV
BATS-CHIXE
€257M
Market Cap
  1. Home
  2. GB
  3. Capital Goods
Company description

Zumtobel Group AG operates in the lighting industry worldwide. The last earnings update was 32 days ago. More info.


Add to Portfolio Compare Print
  • Zumtobel Group has significant price volatility in the past 3 months.
ZAGV Share Price and Events
7 Day Returns
0.3%
BATS-CHIXE:ZAGV
-14.5%
GB Electrical
-2.2%
GB Market
1 Year Returns
-6%
BATS-CHIXE:ZAGV
-46.4%
GB Electrical
-25.9%
GB Market
ZAGV Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Zumtobel Group (ZAGV) 0.3% -20% -35% -6% -66.8% -73.9%
GB Electrical -14.5% -53.5% -57.8% -46.4% -63.7% -93.5%
GB Market -2.2% -21.7% -29.6% -25.9% -26.6% -26.2%
1 Year Return vs Industry and Market
  • ZAGV outperformed the Electrical industry which returned -46.4% over the past year.
  • ZAGV outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -25.9% over the past year.
Price Volatility
ZAGV
Industry
5yr Volatility vs Market

ZAGV Value

 Is Zumtobel Group 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 Zumtobel Group 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 Zumtobel Group.

BATS-CHIXE:ZAGV Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.8%
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:ZAGV
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 5.9%
Electrical Unlevered Beta Simply Wall St/ S&P Global 1.11
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.115 (1 + (1- 25%) (85.04%))
1.553
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.55
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (1.553 * 5.94%)
9.76%

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

The calculations below outline how an intrinsic value for Zumtobel Group 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:ZAGV DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 9.76%)
2020 24.95 Analyst x2 22.73
2021 42.47 Analyst x3 35.25
2022 45.57 Analyst x3 34.46
2023 53.55 Analyst x2 36.90
2024 53.00 Analyst x2 33.27
2025 52.73 Est @ -0.5% 30.16
2026 52.63 Est @ -0.19% 27.43
2027 52.64 Est @ 0.02% 25.00
2028 52.73 Est @ 0.18% 22.81
2029 52.88 Est @ 0.28% 20.84
Present value of next 10 years cash flows €288.00
BATS-CHIXE:ZAGV DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €52.88 × (1 + 0.53%) ÷ (9.76% – 0.53%)
€576.13
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €576.13 ÷ (1 + 9.76%)10
€227.08
BATS-CHIXE:ZAGV Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €288.00 + €227.08
€515.08
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €515.08 / 43.15
€11.94
BATS-CHIXE:ZAGV Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:ZAGV represents 1.02353x of WBAG:ZAG
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.02353x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 11.94 x 1.02353
€12.22
Value per share (EUR) From above. €12.22
Current discount Discount to share price of €6.09
= -1 x (€6.09 - €12.22) / €12.22
50.2%

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

Current Discount
Amount off the current price Zumtobel Group is available for.
Intrinsic value
>50%
Share price is €6.09 vs Future cash flow value of €12.22
Current Discount Checks
For Zumtobel Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Zumtobel Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Zumtobel Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Zumtobel Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Zumtobel Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:ZAGV PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2020-01-31) in EUR €0.29
WBAG:ZAG Share Price ** WBAG (2020-04-03) in EUR €5.95
United Kingdom of Great Britain and Northern Ireland Electrical Industry PE Ratio Median Figure of 7 Publicly-Listed Electrical Companies 20.23x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 748 Publicly-Listed Companies 12.32x

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

** Primary Listing of Zumtobel Group.

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

= WBAG:ZAG Share Price ÷ EPS (both in EUR)

= 5.95 ÷ 0.29

20.7x

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

  • Zumtobel Group is overvalued based on earnings compared to the GB Electrical industry average.
  • Zumtobel Group is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Zumtobel Group's expected growth come at a high price?
Raw Data
BATS-CHIXE:ZAGV PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.7x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
27.5%per year
Europe Electrical Industry PEG Ratio Median Figure of 32 Publicly-Listed Electrical Companies 0.95x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 518 Publicly-Listed Companies 0.97x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 20.7x ÷ 27.5%

0.75x

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

  • Zumtobel Group is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Zumtobel Group's assets?
Raw Data
BATS-CHIXE:ZAGV PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2020-01-31) in EUR €6.38
WBAG:ZAG Share Price * WBAG (2020-04-03) in EUR €5.95
United Kingdom of Great Britain and Northern Ireland Electrical Industry PB Ratio Median Figure of 19 Publicly-Listed Electrical Companies 2.45x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,323 Publicly-Listed Companies 1.06x
BATS-CHIXE:ZAGV PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= WBAG:ZAG Share Price ÷ Book Value per Share (both in EUR)

= 5.95 ÷ 6.38

0.93x

* Primary Listing of Zumtobel Group.

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

  • Zumtobel Group is good value based on assets compared to the GB Electrical industry average.
X
Value checks
We assess Zumtobel Group'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 Electrical 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 Electrical industry average (and greater than 0)? (1 check)
  5. Zumtobel Group has a total score of 4/6, 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.

ZAGV Future Performance

 How is Zumtobel Group expected to perform in the next 1 to 3 years based on estimates from 3 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
27.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Zumtobel Group expected to grow at an attractive rate?
  • Zumtobel Group's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Zumtobel Group's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Zumtobel Group's revenue growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
BATS-CHIXE:ZAGV Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:ZAGV Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 27.5%
BATS-CHIXE:ZAGV Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 0.9%
United Kingdom of Great Britain and Northern Ireland Electrical Industry Earnings Growth Rate Market Cap Weighted Average 60.2%
United Kingdom of Great Britain and Northern Ireland Electrical Industry Revenue Growth Rate Market Cap Weighted Average 10.1%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 15.4%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 2.6%

*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:ZAGV Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 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:ZAGV Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-04-30 1,202 2
2023-04-30 1,189 36 2
2022-04-30 1,172 94 35 3
2021-04-30 1,148 89 30 3
2020-04-30 1,164 74 19 3
2020-04-04
BATS-CHIXE:ZAGV Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2020-01-31 1,169 104 12
2019-10-31 1,171 89 0
2019-07-31 1,165 84 -7
2019-04-30 1,162 73 -15
2019-01-31 1,152 76 -51
2018-10-31 1,167 77 -46
2018-07-31 1,172 65 -54
2018-04-30 1,197 50 -47
2018-01-31 1,239 58 -6
2017-10-31 1,261 66 3
2017-07-31 1,295 88 20
2017-04-30 1,304 108 23

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Zumtobel Group's earnings are expected to grow significantly at over 20% yearly.
  • Zumtobel Group's revenue is expected to grow by 0.9% 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:ZAGV Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Zumtobel Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:ZAGV Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-04-30
2023-04-30
2022-04-30 0.82 0.90 0.67 3.00
2021-04-30 0.70 0.87 0.41 3.00
2020-04-30 0.45 0.46 0.43 2.00
2020-04-04
BATS-CHIXE:ZAGV Past Financials Data
Date (Data in EUR Millions) EPS *
2020-01-31 0.29
2019-10-31 0.01
2019-07-31 -0.17
2019-04-30 -0.35
2019-01-31 -1.19
2018-10-31 -1.06
2018-07-31 -1.24
2018-04-30 -1.08
2018-01-31 -0.14
2017-10-31 0.07
2017-07-31 0.46
2017-04-30 0.53

*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.
  • Zumtobel Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Zumtobel Group'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.
Zumtobel Group has a total score of 3/6, 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.

ZAGV Past Performance

  How has Zumtobel Group 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 Zumtobel Group's growth in the last year to its industry (Electrical).
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.
  • Zumtobel Group's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Zumtobel Group has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Zumtobel Group has become profitable in the last year making it difficult to compare the Europe Electrical industry average.
Earnings and Revenue History
Zumtobel Group'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 Zumtobel Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:ZAGV Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2020-01-31 1,169.30 12.40 327.10
2019-10-31 1,170.73 0.38 329.60
2019-07-31 1,165.30 -7.23 332.92
2019-04-30 1,162.02 -15.27 336.38
2019-01-31 1,152.22 -51.18 344.61
2018-10-31 1,167.22 -45.54 352.64
2018-07-31 1,172.46 -53.52 356.93
2018-04-30 1,196.52 -46.69 366.60
2018-01-31 1,238.64 -5.98 378.44
2017-10-31 1,261.03 2.82 380.66
2017-07-31 1,295.39 19.77 385.49
2017-04-30 1,303.88 22.69 384.10
2017-01-31 1,320.02 9.61 376.08
2016-10-31 1,321.82 11.59 375.49
2016-07-31 1,339.76 14.84 375.93
2016-04-30 1,356.54 11.37 378.17
2016-01-31 1,359.73 25.51 386.95
2015-10-31 1,351.39 10.56 390.68
2015-07-31 1,331.61 15.60 386.04
2015-04-30 1,312.62 12.27 380.49
2015-01-31 1,283.79 -1.23 372.36
2014-10-31 1,276.62 5.73 370.93
2014-07-31 1,261.01 -5.95 368.14
2014-04-30 1,246.83 -4.92 365.79
2014-01-31 1,222.91 8.39 355.79
2013-10-31 1,218.90 4.35 353.28
2013-07-31 1,229.51 4.12 360.09
2013-04-30 1,243.62 6.12 366.41

*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.
  • Zumtobel Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Zumtobel Group used its assets less efficiently than the GB Electrical industry average last year based on Return on Assets.
  • Zumtobel Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Zumtobel Group'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 Electrical 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.
Zumtobel Group 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.

ZAGV Health

 How is Zumtobel Group'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 Zumtobel Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Zumtobel Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Zumtobel Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Zumtobel Group'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 2.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Zumtobel Group Company Filings, last reported 2 months ago.

BATS-CHIXE:ZAGV Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2020-01-31 277.57 170.12 41.67
2019-10-31 278.67 162.11 49.57
2019-07-31 274.72 252.87 55.57
2019-04-30 262.78 172.95 37.99
2019-01-31 268.85 205.09 46.23
2018-10-31 283.32 191.96 63.37
2018-07-31 271.84 237.61 82.79
2018-04-30 268.34 217.56 86.72
2018-01-31 316.83 237.41 81.06
2017-10-31 329.95 215.38 75.94
2017-07-31 326.64 214.06 88.29
2017-04-30 333.99 160.98 82.44
2017-01-31 341.43 208.06 88.70
2016-10-31 337.66 213.43 89.35
2016-07-31 338.32 216.11 82.20
2016-04-30 333.25 204.33 83.69
2016-01-31 336.04 275.12 85.05
2015-10-31 335.73 263.50 76.59
2015-07-31 318.97 278.55 75.59
2015-04-30 322.60 196.88 62.75
2015-01-31 339.36 236.85 71.32
2014-10-31 344.31 220.43 90.54
2014-07-31 329.23 234.81 76.60
2014-04-30 327.55 190.07 74.66
2014-01-31 351.36 222.30 81.39
2013-10-31 361.58 198.85 83.37
2013-07-31 350.48 204.06 77.81
2013-04-30 357.39 190.72 88.49
  • Zumtobel Group's level of debt (56.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (63.3% vs 56.4% today).
  • Debt is well covered by operating cash flow (66.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6.8x coverage).
X
Financial health checks
We assess Zumtobel Group'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. Zumtobel Group has a total score of 5/6, 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.

ZAGV Dividends

 What is Zumtobel Group'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 Zumtobel Group dividends. Estimated to be 2.94% next year.
If you bought €2,000 of Zumtobel Group 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 Zumtobel Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Zumtobel Group'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
BATS-CHIXE:ZAGV 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 3 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Electrical Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 2.5%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 595 Stocks 5.7%
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 2.7%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 7.4%

Industry and Market average data is calculated daily.

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

BATS-CHIXE:ZAGV Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2024-04-30
2023-04-30 0.25 1.00
2022-04-30 0.23 3.00
2021-04-30 0.18 3.00
2020-04-30 0.08 3.00
2020-04-04
BATS-CHIXE:ZAGV Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-05 0.000 0.000
2018-12-04 0.000 0.000
2018-09-04 0.000 0.000
2018-06-28 0.000 0.000
2017-06-23 0.230 2.177
2016-06-22 0.200 1.252
2015-06-24 0.220 1.225
2014-06-25 0.180 0.983
2013-06-26 0.070 0.553
2012-06-27 0.200 2.232
2011-06-06 0.500 3.961
2010-06-18 0.150 0.870
2010-02-01 0.000 0.000
2009-12-09 0.000 0.000
2009-08-31 0.000 0.000
2009-06-29 0.000 0.000

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

  • Unable to perform a dividend volatility check as Zumtobel Group has not reported any payouts.
  • Unable to verify if Zumtobel Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Zumtobel Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Zumtobel Group has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.4x coverage).
X
Income/ dividend checks
We assess Zumtobel Group'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 Zumtobel Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Zumtobel Group has a total score of 1/6, see the detailed checks below.


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

ZAGV Management

 What is the CEO of Zumtobel Group'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
Alfred Felder
COMPENSATION €750,000
AGE 56
TENURE AS CEO 2.2 years
CEO Bio

Dr. Alfred Felder has been President of the Executive Board and Chief Executive Officer at Zumtobel Group AG since June 08, 2018 and has been its Member of the Management Board since April 01, 2016 and served as its Acting President of the Executive Board since February 1, 2018 until June 08, 2018 and Chief Sales Officer. Dr. Felder has been the Chief Executive Officer of Tridonic GmbH & Co KG since November 2012. Dr. Felder serves as the Chief Executive Officer of Tridonic Dresden GmbH & Co KG. He was Chief Operating Officer at Zumtobel Group AG since April 2016. He has a comprehensive knowledge of the field of opto-semiconductors and has acquired decades of management experience with prominent players in the electronics industry. Dr. Felder served as Head of Regional Headquarters - Hong Kong of Osram Opto Semiconductors, Inc. since April 2008, and also served as its Chief Executive Officer of Osram Opto Semiconductors Asia. Dr. Felder was a leading supplier of component solutions. He worked for several years in each of Japan, the US and China. Since 2003, he served various management roles in the areas of OLED and LED technology. Previously, he held a wide range of specialist and management roles with Siemens Group and Osram. He has Doctorate in Electrical Engineering from the Technical University of Vienna.

CEO Compensation
  • Alfred's compensation has increased in line with Zumtobel Group recently becoming profitable.
  • Alfred's remuneration is about average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Zumtobel Group management team in years:

2.2
Average Tenure
56
Average Age
  • The tenure for the Zumtobel Group management team is about average.
Management Team

Alfred Felder

TITLE
President of the Management Board & CEO
COMPENSATION
€750K
AGE
56
TENURE
2.2 yrs

Thomas Tschol

TITLE
CFO & Member of Management Board
COMPENSATION
€738K
AGE
49
TENURE
2 yrs

Bernard Motzko

TITLE
COO & Member of Management Board
COMPENSATION
€608K
AGE
57
TENURE
2.2 yrs

Emanuel Hagspiel

TITLE
Head of Investor Relations

Marina Konrad

TITLE
Head of Corporate Communications
Board of Directors Tenure

Average tenure and age of the Zumtobel Group board of directors in years:

4.8
Average Tenure
56.5
Average Age
  • The tenure for the Zumtobel Group board of directors is about average.
Board of Directors

Jürg Zumtobel

TITLE
Chairman of Supervisory Board
AGE
83
TENURE
16.6 yrs

Johannes Burtscher

TITLE
Second Vice Chairman of Supervisory Board
AGE
50
TENURE
9.8 yrs

Volkhard Hofmann

TITLE
First Vice-Chairman of the Supervisory Board
AGE
67
TENURE
2.2 yrs

Fritz Zumtobel

TITLE
Member of Supervisory Board
AGE
80
TENURE
24.3 yrs

Richard Apnar

TITLE
Member of Supervisory Board
AGE
45
TENURE
7.8 yrs

Dietmar Dünser

TITLE
Member of Supervisory Board
AGE
53
TENURE
4.8 yrs

Kai Arbinger

TITLE
Member of Supervisory Board
AGE
60
TENURE
3.9 yrs

Eva Kienle

TITLE
Supervisory Board Member
AGE
52
TENURE
1.3 yrs

Karin Zumtobel-Chammah

TITLE
Supervisory Board Member
TENURE
1.3 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 Zumtobel Group'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. Zumtobel Group 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.

ZAGV News

Simply Wall St News

ZAGV Company Info

Description

Zumtobel Group AG operates in the lighting industry worldwide. It offers a range of products and services, including light management components and systems for applications in professional indoor and outdoor lighting. The company operates in two segments, Lighting and Components. Zumtobel Group AG offers its products under the Zumtobel, Thorn, Tridonic, acdc, and THORNeco brands. The company was formerly known as Zumtobel AG and changed its name to Zumtobel Group AG in September 2014. Zumtobel Group AG was founded in 1950 and is headquartered in Dornbirn, Austria.

Details
Name: Zumtobel Group AG
ZAGV
Exchange: BATS-CHIXE
Founded: 1950
€256,722,609
43,146,657
Website: http://www.zumtobelgroup.com
Address: Zumtobel Group AG
Höchster Strasse 8,
Dornbirn,
Vorarlberg, 6850,
Austria
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WBAG ZAG Bearer Shares Wiener Boerse AG AT EUR 12. May 2006
OTCPK ZMTB.F Bearer Shares Pink Sheets LLC US USD 12. May 2006
DB T9Z Bearer Shares Deutsche Boerse AG DE EUR 12. May 2006
XTRA T9Z Bearer Shares XETRA Trading Platform DE EUR 12. May 2006
LSE 0MJH Bearer Shares London Stock Exchange GB EUR 12. May 2006
SWX ZAG Bearer Shares SIX Swiss Exchange CH CHF 12. May 2006
BATS-CHIXE ZAGV Bearer Shares BATS 'Chi-X Europe' GB EUR 12. May 2006
OTCPK ZMTB.Y UNSPONSORED ADR Pink Sheets LLC US USD 16. Oct 2008
Number of employees
Current staff
Staff numbers
5,752
Zumtobel Group employees.
Industry
Electrical Components and Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 19:36
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/03/26
Last earnings filing: 2020/03/03
Last earnings reported: 2020/01/31
Last annual earnings reported: 2019/04/30


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.