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B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653

BATS-CHIXE:PORFA
Snowflake Description

Unattractive dividend payer and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PORFA
BATS-CHIXE
€9M
Market Cap
  1. Home
  2. GB
  3. Consumer Durables
Company description

B.V. Delftsch Aardewerkfabriek 'De Porceleyne Fles Anno 1653' manufactures and sells Delft Blue ornamental and modern earthenware in the Netherlands. The last earnings update was 130 days ago. More info.


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PORFA Share Price and Events
7 Day Returns
0%
BATS-CHIXE:PORFA
1.2%
GB Consumer Durables
0.9%
GB Market
1 Year Returns
-
BATS-CHIXE:PORFA
42.4%
GB Consumer Durables
16.3%
GB Market
PORFA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653 (PORFA) 0% 0% - - - -
GB Consumer Durables 1.2% 10% 17.9% 42.4% 48.4% 72.3%
GB Market 0.9% 5% 6% 16.3% 7.9% 11.9%
1 Year Return vs Industry and Market
  • No trading data on PORFA.
  • No trading data on PORFA.
Price Volatility
PORFA
Industry
5yr Volatility vs Market
Related Companies

PORFA Value

 Is B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653 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 B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653 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 B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653.

BATS-CHIXE:PORFA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-06-30) in EUR € .500000
Payout Ratio Company Filings (2019-06-30) 643.2%
Discount Rate (Cost of Equity) See below 6%
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:PORFA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 5.4%
Consumer Durables Unlevered Beta Simply Wall St/ S&P Global 0.79
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.79 (1 + (1- 25%) (142.4%))
1.011
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.01
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (1.011 * 5.44%)
6.03%

Discounted Cash Flow Calculation for BATS-CHIXE:PORFA using Dividend Discount Model Model

The calculations below outline how an intrinsic value for B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653 is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

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

See our documentation to learn about this calculation.

BATS-CHIXE:PORFA Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= €0.5 / (6.03% - 0.53%)
€6.05
BATS-CHIXE:PORFA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:PORFA represents 0.9796x of ENXTAM:PORF
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.9796x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 6.30 x 0.9796
€6.18
Value per share (EUR) From above. €6.18
Current discount Discount to share price of €9.60
= -1 x (€9.60 - €6.18) / €6.18
-55.5%

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

  • The current share price of B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653 is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:PORFA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €0.24
ENXTAM:PORF Share Price ** ENXTAM (2019-10-02) in EUR €9.8
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry PE Ratio Median Figure of 25 Publicly-Listed Consumer Durables Companies 11.99x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 751 Publicly-Listed Companies 18.27x

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

** Primary Listing of B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653.

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

= ENXTAM:PORF Share Price ÷ EPS (both in EUR)

= 9.8 ÷ 0.24

41.43x

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

  • B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653 is overvalued based on earnings compared to the GB Consumer Durables industry average.
  • B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653 is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653's expected growth come at a high price?
Raw Data
BATS-CHIXE:PORFA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 41.43x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry PEG Ratio Median Figure of 21 Publicly-Listed Consumer Durables Companies 1.73x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 557 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653's assets?
Raw Data
BATS-CHIXE:PORFA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €19.02
ENXTAM:PORF Share Price * ENXTAM (2019-10-02) in EUR €9.8
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry PB Ratio Median Figure of 27 Publicly-Listed Consumer Durables Companies 1.64x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,312 Publicly-Listed Companies 1.6x
BATS-CHIXE:PORFA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTAM:PORF Share Price ÷ Book Value per Share (both in EUR)

= 9.8 ÷ 19.02

0.52x

* Primary Listing of B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653.

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

  • B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653 is good value based on assets compared to the GB Consumer Durables industry average.
X
Value checks
We assess B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653'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 Consumer Durables 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 Consumer Durables industry average (and greater than 0)? (1 check)
  5. B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653 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.

PORFA Future Performance

 How is B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653 expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653 has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
3.9%
Expected Consumer Durables industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653 expected to grow at an attractive rate?
  • Unable to compare B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653's earnings growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
  • Unable to compare B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653's revenue growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BATS-CHIXE:PORFA Future Growth Rates Data Sources
Data Point Source Value (per year)
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 3.9%
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 3.1%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 12.4%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 3.6%

*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:PORFA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BATS-CHIXE:PORFA Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 7 2 0
2019-03-31 7 1 0
2018-12-31 6 0 0
2018-09-30 6 0 0
2018-06-30 6 0 0
2018-03-31 6 0 0
2017-12-31 5 0 0
2017-06-30 -4 0 0
2017-03-31 0 0 0
2016-12-31 5 1 0
2016-09-30 25 2 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653 is high growth as no earnings estimate data is available.
  • Unable to determine if B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653 is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BATS-CHIXE:PORFA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653 Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:PORFA Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 0.24
2019-03-31 0.04
2018-12-31 -0.15
2018-09-30 -0.33
2018-06-30 -0.49
2018-03-31 -0.44
2017-12-31 -0.39
2017-06-30 -0.31
2017-03-31 -0.28
2016-12-31 -0.25
2016-09-30 0.15

*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 B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653 will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of PORFA’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Consumer Durables companies here
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653'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.
B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653 has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

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

PORFA Past Performance

  How has B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653 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 B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653's growth in the last year to its industry (Consumer Durables).
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.
  • B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653 has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653 has become profitable in the last year making it difficult to compare the GB Consumer Durables industry average.
Earnings and Revenue History
B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653'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 B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653 Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:PORFA Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 6.97 0.18 4.17
2019-03-31 6.58 0.03 4.05
2018-12-31 6.20 -0.12 3.94
2018-09-30 5.91 -0.25 3.86
2018-06-30 5.63 -0.38 3.77
2018-03-31 5.53 -0.34 3.59
2017-12-31 5.43 -0.30 3.40
2017-06-30 -4.03 -0.24 0.66
2017-03-31 0.40 -0.22 1.84
2016-12-31 4.83 -0.19 3.02
2016-09-30 24.80 0.12 8.26
2016-06-30 25.06 0.21 8.18
2016-03-31 24.25 0.19 8.18
2015-12-31 23.45 0.17 8.17
2015-09-30 23.36 0.14 8.45
2015-06-30 23.27 0.11 8.73
2015-03-31 23.86 0.13 8.21
2014-12-31 24.45 0.15 7.70
2014-09-30 24.53 0.31 7.76
2014-06-30 24.61 0.47 7.82
2014-03-31 23.81 0.29 7.79
2013-12-31 23.01 0.11 7.75
2013-09-30 22.96 0.00 7.97
2013-06-30 22.91 -0.11 8.18
2013-03-31 23.67 0.03 8.15
2012-12-31 24.44 0.17 8.12

*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.
  • B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653 has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653 used its assets less efficiently than the GB Consumer Durables industry average last year based on Return on Assets.
  • B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653'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 Consumer Durables 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.
B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653 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.

PORFA Health

 How is B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653'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 B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653 is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653'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 not covered by short term assets, assets are 0.3x 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 B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653 Company Filings, last reported 6 months ago.

BATS-CHIXE:PORFA Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 15.15 12.82 0.97
2019-03-31 15.15 12.82 0.97
2018-12-31 14.35 8.83 4.29
2018-09-30 14.35 8.83 4.29
2018-06-30 14.45 1.26 9.55
2018-03-31 14.45 1.26 9.55
2017-12-31 9.43 2.40 0.07
2017-06-30 9.36 5.67 0.25
2017-03-31 9.36 5.67 0.25
2016-12-31 9.52 4.11 0.35
2016-09-30 9.52 4.11 0.35
2016-06-30 9.65 4.80 0.52
2016-03-31 9.65 4.80 0.52
2015-12-31 9.57 4.89 0.79
2015-09-30 9.57 4.89 0.79
2015-06-30 9.56 6.51 0.16
2015-03-31 9.56 6.51 0.16
2014-12-31 9.48 6.12 0.26
2014-09-30 9.48 6.12 0.26
2014-06-30 9.94 6.90 0.40
2014-03-31 9.94 6.90 0.40
2013-12-31 9.82 7.48 0.22
2013-09-30 9.82 7.48 0.22
2013-06-30 9.70 6.11 0.22
2013-03-31 9.70 6.11 0.22
2012-12-31 10.00 7.01 0.17
  • B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653's level of debt (84.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (66.5% vs 84.6% today).
  • Debt is not well covered by operating cash flow (15.7%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.1x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653'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. B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653 has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

PORFA Dividends

 What is B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653'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
5.1%
Current annual income from B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653 dividends.
If you bought €2,000 of B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653 shares you are expected to receive €102 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?
  • B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.87%).
  • B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653's dividend is above the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (4.89%).
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:PORFA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Consumer Durables Industry Average Dividend Yield Market Cap Weighted Average of 24 Stocks 5.5%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 678 Stocks 4.3%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 1.9%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

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

BATS-CHIXE:PORFA Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-28 0.500 4.836

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

  • It is too early to tell whether B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653 has stable dividend payments.
  • B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653 only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.5x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653 afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653 has a total score of 2/6, see the detailed checks below.


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

PORFA Management

 What is the CEO of B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653'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
Henk Schouten
COMPENSATION €203,000
TENURE AS CEO 10.5 years
CEO Bio

Mr. Henk Schouten has been the Chief Executive Officer at The Koninklijke Delftsche Aardewerkfabriek "De Porceleyne Fles Anno 1653" NV. since June 01, 2009 and served as its Managing Director and Director.

CEO Compensation
  • Henk's compensation has increased in line with B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653 recently becoming profitable.
  • Henk's remuneration is lower than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team

Henk Schouten

TITLE
Chief Executive Officer
COMPENSATION
€203K
TENURE
10.5 yrs
Board of Directors Tenure

Average tenure and age of the B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653 board of directors in years:

8.6
Average Tenure
69
Average Age
  • The tenure for the B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653 board of directors is about average.
Board of Directors

Marc Udink

TITLE
Chairman of Supervisory Board
AGE
61
TENURE
16.6 yrs

J. Fentener van Vlissingen

TITLE
Member of Supervisory Board
AGE
80

Carel Bikkers

TITLE
Member of Supervisory Board
AGE
69
TENURE
8.6 yrs

Y. R. Van Oort

TITLE
Member of Supervisory Board
AGE
66
TENURE
8.6 yrs

H. Kranenberg

TITLE
Member of Supervisory Board
AGE
70
TENURE
3.6 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653 individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
08. Oct 19 Buy Carel Bikkers Individual 08. Oct 19 08. Oct 19 40 €10.40 €416
22. Jul 19 Buy Carel Bikkers Individual 22. Jul 19 22. Jul 19 5 €10.80 €54
23. Jul 19 Buy Carel Bikkers Individual 23. Jul 19 23. Jul 19 5 €10.80 €54
09. Aug 19 Buy Carel Bikkers Individual 09. Aug 19 09. Aug 19 40 €10.50 €420
X
Management checks
We assess B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653'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. B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653 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.

PORFA News

Simply Wall St News

PORFA Company Info

Description

B.V. Delftsch Aardewerkfabriek 'De Porceleyne Fles Anno 1653' manufactures and sells Delft Blue ornamental and modern earthenware in the Netherlands. The company also offers a range of crystal functional and decorative products under the Royal Leerdam Crystal brand; and cookware under the BK brand. In addition, it provides cutlery, pans, and kitchen accessories under the Gero brand; and crystal wine glasses, and steel and sliver cutlery set under the Keltum brand. The company was founded in 1653 and is based in Delft, the Netherlands.

Details
Name: B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653"
PORFA
Exchange: BATS-CHIXE
Founded: 1653
€9,173,596
955,583
Website: http://www.royaldelftgroup.com
Address: B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653"
Rotterdamseweg 196,
Delft,
Zuid-Holland, 2628 AR,
Netherlands
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTAM PORF Common Shares Euronext Amsterdam NL EUR 16. Jul 1993
LSE 0FOO Common Shares London Stock Exchange GB EUR 16. Jul 1993
BATS-CHIXE PORFA Common Shares BATS 'Chi-X Europe' GB EUR 16. Jul 1993
Number of employees
Current staff
Staff numbers
67
B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653 employees.
Industry
Housewares and Specialties
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/30 19:37
End of day share price update: 2019/10/02 00:00
Last earnings filing: 2019/08/22
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


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

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