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Adler Modemärkte

BATS-CHIXE:ADDD
Snowflake Description

Proven track record with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ADDD
BATS-CHIXE
€64M
Market Cap
  1. Home
  2. GB
  3. Retail
Company description

Adler Modemärkte AG operates textile retail chains. The last earnings update was 27 days ago. More info.


Add to Portfolio Compare Print
  • Adler Modemärkte has significant price volatility in the past 3 months.
ADDD Share Price and Events
7 Day Returns
0%
BATS-CHIXE:ADDD
5.9%
GB Specialty Retail
1.7%
GB Market
1 Year Returns
22.1%
BATS-CHIXE:ADDD
-28.1%
GB Specialty Retail
-21.8%
GB Market
ADDD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Adler Modemärkte (ADDD) 0% -0.7% - 22.1% -23% -69.2%
GB Specialty Retail 5.9% -24.4% -39.5% -28.1% -38.7% -44.3%
GB Market 1.7% -12% -25.3% -21.8% -22.8% -22.4%
1 Year Return vs Industry and Market
  • ADDD outperformed the Specialty Retail industry which returned -28.1% over the past year.
  • ADDD outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -21.8% over the past year.
Price Volatility
ADDD
Industry
5yr Volatility vs Market

Value

 Is Adler Modemärkte 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 Adler Modemärkte 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 Adler Modemärkte.

BATS-CHIXE:ADDD 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 11.4%
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:ADDD
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 5.4%
Specialty Retail Unlevered Beta Simply Wall St/ S&P Global 0.86
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.862 (1 + (1- 30%) (418.84%))
2.601
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (2 * 5.44%)
11.41%

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

The calculations below outline how an intrinsic value for Adler Modemärkte 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:ADDD DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 11.41%)
2020 24.65 Analyst x2 22.13
2021 25.65 Analyst x2 20.67
2022 23.80 Analyst x2 17.21
2023 20.50 Analyst x1 13.31
2024 22.30 Analyst x1 12.99
2025 21.43 Est @ -3.89% 11.21
2026 20.88 Est @ -2.56% 9.80
2027 20.54 Est @ -1.64% 8.65
2028 20.34 Est @ -0.99% 7.69
2029 20.23 Est @ -0.53% 6.87
Present value of next 10 years cash flows €130.00
BATS-CHIXE:ADDD DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €20.23 × (1 + 0.53%) ÷ (11.41% – 0.53%)
€186.93
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €186.93 ÷ (1 + 11.41%)10
€63.45
BATS-CHIXE:ADDD Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €130.00 + €63.45
€193.45
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €193.45 / 18.51
€10.45
BATS-CHIXE:ADDD Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:ADDD represents 1.08153x of XTRA:ADD
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.08153x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 10.45 x 1.08153
€11.30
Value per share (EUR) From above. €11.30
Current discount Discount to share price of €3.98
= -1 x (€3.98 - €11.30) / €11.30
64.8%

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

Current Discount
Amount off the current price Adler Modemärkte is available for.
Intrinsic value
>50%
Share price is €3.98 vs Future cash flow value of €11.3
Current Discount Checks
For Adler Modemärkte to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Adler Modemärkte's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Adler Modemärkte'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 Adler Modemärkte's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Adler Modemärkte's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:ADDD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €0.28
XTRA:ADD Share Price ** XTRA (2020-03-10) in EUR €3.68
United Kingdom of Great Britain and Northern Ireland Specialty Retail Industry PE Ratio Median Figure of 23 Publicly-Listed Specialty Retail Companies 8.1x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 748 Publicly-Listed Companies 13x

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

** Primary Listing of Adler Modemärkte.

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

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

= 3.68 ÷ 0.28

13.27x

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

  • Adler Modemärkte is overvalued based on earnings compared to the GB Specialty Retail industry average.
  • Adler Modemärkte is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Adler Modemärkte's expected growth come at a high price?
Raw Data
BATS-CHIXE:ADDD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.27x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
34.5%per year
United Kingdom of Great Britain and Northern Ireland Specialty Retail Industry PEG Ratio Median Figure of 15 Publicly-Listed Specialty Retail Companies 0.8x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 518 Publicly-Listed Companies 1.02x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.27x ÷ 34.5%

0.38x

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

  • Adler Modemärkte is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Adler Modemärkte's assets?
Raw Data
BATS-CHIXE:ADDD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €3.57
XTRA:ADD Share Price * XTRA (2020-03-10) in EUR €3.68
United Kingdom of Great Britain and Northern Ireland Specialty Retail Industry PB Ratio Median Figure of 36 Publicly-Listed Specialty Retail Companies 0.63x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,323 Publicly-Listed Companies 1.13x
BATS-CHIXE:ADDD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 3.68 ÷ 3.57

1.03x

* Primary Listing of Adler Modemärkte.

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

  • Adler Modemärkte is overvalued based on assets compared to the GB Specialty Retail industry average.
X
Value checks
We assess Adler Modemärkte'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 Specialty Retail 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 Specialty Retail industry average (and greater than 0)? (1 check)
  5. Adler Modemärkte 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.

Future Performance

 How is Adler Modemärkte 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
34.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Adler Modemärkte expected to grow at an attractive rate?
  • Adler Modemärkte's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Adler Modemärkte's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Adler Modemärkte'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:ADDD Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:ADDD Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 34.5%
BATS-CHIXE:ADDD Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 0.5%
United Kingdom of Great Britain and Northern Ireland Specialty Retail Industry Earnings Growth Rate Market Cap Weighted Average 16.8%
United Kingdom of Great Britain and Northern Ireland Specialty Retail Industry Revenue Growth Rate Market Cap Weighted Average 3.6%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 15.6%
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:ADDD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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:ADDD Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 503 3
2023-12-31 500 3
2022-12-31 497 71 17 3
2021-12-31 491 62 14 3
2020-12-31 479 52 11 3
2020-04-08
BATS-CHIXE:ADDD Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 496 62 5
2019-09-30 501 16 0
2019-06-30 500 13 1
2019-03-31 504 5 1
2018-12-31 507 40 0
2018-09-30 513 33 -2
2018-06-30 515 32 -3
2018-03-31 520 24 0
2017-12-31 526 21 4
2017-09-30 544 42 12
2017-06-30 542 34 8
2017-03-31 549 35 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Adler Modemärkte's earnings are expected to grow significantly at over 20% yearly.
  • Adler Modemärkte's revenue is expected to grow by 0.5% 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:ADDD 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 3 Analyst Estimates (S&P Global) See Below

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

BATS-CHIXE:ADDD 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 0.78 0.93 0.62 2.00
2021-12-31 0.74 0.82 0.67 2.00
2020-12-31 0.60 0.67 0.54 2.00
2020-04-08
BATS-CHIXE:ADDD Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 0.28
2019-09-30 0.02
2019-06-30 0.03
2019-03-31 0.04
2018-12-31 0.02
2018-09-30 -0.09
2018-06-30 -0.16
2018-03-31 0.02
2017-12-31 0.21
2017-09-30 0.64
2017-06-30 0.41
2017-03-31 0.12

*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.
  • Adler Modemärkte is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Adler Modemärkte'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.
Adler Modemärkte 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.

Past Performance

  How has Adler Modemärkte 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 Adler Modemärkte's growth in the last year to its industry (Specialty Retail).
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.
  • Adler Modemärkte's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Adler Modemärkte's 1-year earnings growth exceeds its 5-year average (1291.3% vs -39.7%)
  • Adler Modemärkte's earnings growth has exceeded the GB Specialty Retail industry average in the past year (1291.3% vs 1.5%).
Earnings and Revenue History
Adler Modemärkte'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 Adler Modemärkte Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:ADDD Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 495.52 5.13 139.05
2019-09-30 500.69 0.40 203.73
2019-06-30 500.42 0.56 204.76
2019-03-31 504.13 0.72 201.80
2018-12-31 507.48 0.37 138.91
2018-09-30 512.51 -1.66 203.95
2018-06-30 515.35 -2.96 183.48
2018-03-31 520.25 0.42 208.67
2017-12-31 526.30 3.86 207.15
2017-09-30 544.37 11.82 210.60
2017-06-30 542.13 7.61 211.61
2017-03-31 548.57 2.26 213.11
2016-12-31 545.17 0.41 215.13
2016-09-30 543.19 -1.21 259.15
2016-06-30 555.50 5.19 247.40
2016-03-31 557.04 6.40 234.34
2015-12-31 566.85 7.92 222.17
2015-09-30 557.10 3.44 163.61
2015-06-30 548.84 7.50 162.27
2015-03-31 538.26 8.82 160.67
2014-12-31 536.31 14.15 158.65
2014-09-30 540.08 21.84 156.54
2014-06-30 537.23 20.12 155.92
2014-03-31 537.97 20.60 155.72
2013-12-31 529.18 18.57 154.82
2013-09-30 530.02 19.25 192.79
2013-06-30 521.92 16.99 190.47

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

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

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

Health

 How is Adler Modemärkte'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 Adler Modemärkte's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Adler Modemärkte is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Adler Modemärkte's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Adler Modemärkte'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 77.5x 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 Adler Modemärkte Company Filings, last reported 3 months ago.

BATS-CHIXE:ADDD Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 66.09 1.95 70.37
2019-09-30 49.86 2.03 46.42
2019-06-30 55.07 2.11 54.79
2019-03-31 45.97 2.19 26.15
2018-12-31 61.58 2.27 55.20
2018-09-30 84.18 5.69 47.75
2018-06-30 90.02 2.43 59.00
2018-03-31 82.71 2.51 38.94
2017-12-31 99.95 2.58 63.63
2017-09-30 89.07 2.35 36.87
2017-06-30 95.20 2.43 40.98
2017-03-31 82.65 2.51 35.66
2016-12-31 95.84 2.90 43.05
2016-09-30 77.16 2.66 14.32
2016-06-30 87.62 2.74 29.17
2016-03-31 89.83 2.82 21.40
2015-12-31 104.86 3.21 52.36
2015-09-30 86.95 2.98 35.08
2015-06-30 90.96 3.06 48.92
2015-03-31 91.97 3.14 41.19
2014-12-31 105.63 3.52 69.94
2014-09-30 93.98 14.19 46.99
2014-06-30 93.98 14.17 57.65
2014-03-31 92.73 13.98 52.22
2013-12-31 92.03 3.82 54.79
2013-09-30 68.79 20.59 36.68
2013-06-30 71.34 19.92 38.59
  • Adler Modemärkte's level of debt (2.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (3.3% vs 2.9% today).
  • Debt is well covered by operating cash flow (3164.8%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.6x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Adler Modemärkte'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. Adler Modemärkte has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is Adler Modemärkte'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 Adler Modemärkte dividends. Estimated to be 11.32% next year.
If you bought €2,000 of Adler Modemärkte 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 Adler Modemärkte's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Adler Modemärkte'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:ADDD 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 Specialty Retail Industry Average Dividend Yield Market Cap Weighted Average of 22 Stocks 4.4%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 588 Stocks 5.5%
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 2.5%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 6.9%

Industry and Market average data is calculated daily.

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

BATS-CHIXE:ADDD Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 0.80 2.00
2021-12-31 0.28 3.00
2020-12-31 0.05 1.00
2020-04-08
BATS-CHIXE:ADDD Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-11-07 0.000 0.000
2019-08-01 0.000 0.000
2019-05-07 0.000 0.000
2019-03-14 0.000 0.000
2018-03-15 0.050 1.292
2017-11-09 0.000 0.000
2017-08-03 0.000 0.000
2017-05-11 0.000 0.000
2017-03-16 0.000 0.000
2016-03-17 0.500 8.266
2015-03-31 0.500 4.871
2014-02-26 0.450 3.739
2013-03-21 0.400 4.904

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

  • Unable to perform a dividend volatility check as Adler Modemärkte has not reported any payouts.
  • Unable to verify if Adler Modemärkte's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Adler Modemärkte's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Adler Modemärkte has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
X
Income/ dividend checks
We assess Adler Modemärkte'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 Adler Modemärkte afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Adler Modemärkte 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.

Management

 What is the CEO of Adler Modemärkte'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
Thomas Freude
AGE 58
TENURE AS CEO 2.6 years
CEO Bio

Mr. Thomas Freude has been Chairman of the Executive Board and Chief Executive Officer at Adler Modemärkte AG since September 11, 2017. Mr. Freude is responsible for Strategy, Sales and Distribution, e-Commerce, Marketing, M&A, Expansion, Public Relations, Purchasing, Technical Purchasing. Mr. Freude served in various leadership positions at Deutsche Telekom for roughly ten years. Most recently, until the end of March 2017, he served as Chief Executive Officer and managing director of the Technical Service section, which employs more than 22,000 people and receives 46,000 customer contacts daily. In this position, he was responsible for a comprehensive transformation and growth programme. He served for more than 25 years in various management positions in the retail sector. For instance, from 2005 to 2007 he was in charge of the OTTO Group's global bricks-and-mortar retail business as a retail expert. From 2001 to 2005 he worked at the Karstadt Group, including as a board member responsible for marketing, sales and procurement. During his time at Kaufhof AG from 1994 to 2001, he was a member of the management responsible for sales and fashion coordination. Prior to that, he worked for M-bel Walther from 1992 to 1994 and HORTEN AG from 1980 to 1993, where he also completed his training in the field of administration. At the renowned international business school INSEAD, he successfully completed the Executive Education General Management programme.

CEO Compensation
  • Insufficient data for Thomas to compare compensation growth.
  • Insufficient data for Thomas 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 Adler Modemärkte management team in years:

2.6
Average Tenure
58
Average Age
  • The tenure for the Adler Modemärkte management team is about average.
Management Team

Jurgen Vogt

TITLE
Head of Sales & Employee Representative Member of Supervisory Board
COMPENSATION
€24K

Thomas Freude

TITLE
Chairman of the Executive Board & CEO
AGE
58
TENURE
2.6 yrs

Karsten Odemann

TITLE
CFO and Executive Board Member of Finance
AGE
58
TENURE
8.3 yrs

Carmine Petraglia

TITLE
CCO and Executive Board Member of Sales
AGE
46
TENURE
1.8 yrs

Frank Mayerhofer

TITLE
Head of Marketing

Andrea Spahn

TITLE
Head of Purchase

Ralf Reckmann

TITLE
Head of e-Commerce
Board of Directors Tenure

Average tenure and age of the Adler Modemärkte board of directors in years:

6.8
Average Tenure
51.5
Average Age
  • The tenure for the Adler Modemärkte board of directors is about average.
Board of Directors

Massimiliano Monti

TITLE
Chairman of Supervisory Board
COMPENSATION
€46K
AGE
48
TENURE
3.9 yrs

Majed Abu-Zarur

TITLE
Deputy Chairman of Supervisory Board
COMPENSATION
€35K
AGE
62

Jurgen Vogt

TITLE
Head of Sales & Employee Representative Member of Supervisory Board
COMPENSATION
€24K
TENURE
1.9 yrs

Wolfgang Burgard

TITLE
Member of Supervisory Board
COMPENSATION
€23K
TENURE
6.8 yrs

Corinna Gross

TITLE
Employee Representative Member of Supervisory Board
COMPENSATION
€22K
AGE
51
TENURE
12.1 yrs

Cosimo D'Angelo

TITLE
Member of Supervisory Board
COMPENSATION
€20K
TENURE
6.8 yrs

Paola Viscardi-Giazzi

TITLE
Member of Supervisory Board
COMPENSATION
€23K
AGE
52
TENURE
6.8 yrs

Giorgio Mercogliano

TITLE
Member of Supervisory Board
COMPENSATION
€21K
TENURE
6.8 yrs

Peter Konig

TITLE
Employee Representative Member of Supervisory Board
COMPENSATION
€22K
TENURE
6.6 yrs

Beate Wimmer

TITLE
Employee Representative Member of Supervisory Board
COMPENSATION
€22K
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 Adler Modemärkte'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. Adler Modemärkte has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

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

News

Simply Wall St News

Company Info

Description

Adler Modemärkte AG operates textile retail chains. It also operates specialist clothing stores together with other retailers. The company offers a range of products, including womenswear, menswear, and underwear; and accessories, footwear, kids wear and babywear, traditional dresses, and durable goods under the ADLER brand name, as well as under the external brands of Bexleys, Malva, Thea, MyOwn, Via Cortesa, Viventy by Bernd Berger, Steilmann, Senator, Eagle No.7, and Big Fashion. As of August 13, 2019, it operated 173 stores, including 146 stores in Germany, 22 stores in Austria, 3 stores in Luxembourg, and 2 stores in Switzerland, as well as an online shop. The company was founded in 1948 and is headquartered in Haibach, Germany. Adler Modemärkte AG is a subsidiary of S&E Kapital GmbH.

Details
Name: Adler Modemärkte AG
ADDD
Exchange: BATS-CHIXE
Founded: 1948
€63,674,400
18,510,000
Website: http://adlermode.com
Address: Adler Modemärkte AG
Industriestrasse Ost 1-7,
Haibach,
Bavaria, 63808,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA ADD Ordinary Bearer Shares XETRA Trading Platform DE EUR 22. Jun 2011
DB ADD Ordinary Bearer Shares Deutsche Boerse AG DE EUR 22. Jun 2011
LSE 0P54 Ordinary Bearer Shares London Stock Exchange GB EUR 22. Jun 2011
BATS-CHIXE ADDD Ordinary Bearer Shares BATS 'Chi-X Europe' GB EUR 22. Jun 2011
ETLX ADD Ordinary Bearer Shares Eurotlx IT EUR 22. Jun 2011
Number of employees
Current staff
Staff numbers
2,345
Adler Modemärkte employees.
Industry
Apparel Retail
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 19:45
End of day share price update: 2020/03/10 00:00
Last estimates confirmation: 2020/04/03
Last earnings filing: 2020/03/12
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.