Loading...

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

Fielmann

BATS-CHIXE:FIED
Snowflake Description

Excellent balance sheet with solid track record.

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

Fielmann Aktiengesellschaft invests in and operates optical and hearing aid businesses in Germany, Switzerland, Austria, and internationally. The last earnings update was 153 days ago. More info.


Add to Portfolio Compare Print
  • Fielmann has significant price volatility in the past 3 months.
FIED Share Price and Events
7 Day Returns
7.7%
BATS-CHIXE:FIED
5.9%
GB Specialty Retail
1.7%
GB Market
1 Year Returns
-6.6%
BATS-CHIXE:FIED
-28.1%
GB Specialty Retail
-21.8%
GB Market
FIED Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Fielmann (FIED) 7.7% -8.2% -23.9% -6.6% -25.4% -15.8%
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
  • FIED outperformed the Specialty Retail industry which returned -28.1% over the past year.
  • FIED outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -21.8% over the past year.
Price Volatility
FIED
Industry
5yr Volatility vs Market

FIED Value

 Is Fielmann 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 Fielmann 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 Fielmann.

BATS-CHIXE:FIED Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.6%
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:FIED
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%) (8.24%))
0.941
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.94
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (0.941 * 5.44%)
5.65%

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

The calculations below outline how an intrinsic value for Fielmann 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:FIED DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 5.65%)
2020 88.90 Analyst x5 84.15
2021 169.68 Analyst x5 152.02
2022 178.00 Analyst x1 150.95
2023 183.77 Est @ 3.24% 147.51
2024 188.24 Est @ 2.43% 143.01
2025 191.74 Est @ 1.86% 137.88
2026 194.54 Est @ 1.46% 132.42
2027 196.84 Est @ 1.18% 126.82
2028 198.78 Est @ 0.99% 121.22
2029 200.46 Est @ 0.85% 115.71
Present value of next 10 years cash flows €1,311.00
BATS-CHIXE:FIED DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €200.46 × (1 + 0.53%) ÷ (5.65% – 0.53%)
€3,936.69
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €3,936.69 ÷ (1 + 5.65%)10
€2,272.32
BATS-CHIXE:FIED Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €1,311.00 + €2,272.32
€3,583.32
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €3,583.32 / 83.99
€42.67
BATS-CHIXE:FIED Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:FIED represents 0.9731x of XTRA:FIE
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.9731x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 42.67 x 0.9731
€41.52
Value per share (EUR) From above. €41.52
Current discount Discount to share price of €55.18
= -1 x (€55.18 - €41.52) / €41.52
-32.9%

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

  • The current share price of Fielmann 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 Fielmann's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Fielmann's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:FIED PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in EUR €2.08
XTRA:FIE Share Price ** XTRA (2020-04-07) in EUR €56.7
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 Fielmann.

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

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

= 56.7 ÷ 2.08

27.25x

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

  • Fielmann is overvalued based on earnings compared to the GB Specialty Retail industry average.
  • Fielmann is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Fielmann's expected growth come at a high price?
Raw Data
BATS-CHIXE:FIED PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 27.25x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
6.1%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:FIED PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 27.25x ÷ 6.1%

4.46x

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

  • Fielmann is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Fielmann's assets?
Raw Data
BATS-CHIXE:FIED PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in EUR €8.20
XTRA:FIE Share Price * XTRA (2020-04-07) in EUR €56.7
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:FIED PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 56.7 ÷ 8.20

6.91x

* Primary Listing of Fielmann.

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

  • Fielmann is overvalued based on assets compared to the GB Specialty Retail industry average.
X
Value checks
We assess Fielmann'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. Fielmann has a total score of 0/6, 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.

FIED Future Performance

 How is Fielmann expected to perform in the next 1 to 3 years based on estimates from 9 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
6.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Fielmann expected to grow at an attractive rate?
  • Fielmann's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Fielmann's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Fielmann's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
BATS-CHIXE:FIED Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:FIED Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 6.1%
BATS-CHIXE:FIED Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 3.8%
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:FIED Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 9 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:FIED Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 1,806 2
2023-12-31 1,737 2
2022-12-31 1,673 257 221 3
2021-12-31 1,639 263 182 8
2020-12-31 1,482 187 131 9
2020-04-08
2019-12-31 1,520 253 175 9
BATS-CHIXE:FIED Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-09-30 1,508 305 175
2019-06-30 1,475 270 176
2019-03-31 1,450 187 173
2018-12-31 1,428 206 169
2018-09-30 1,404 211 166
2018-06-30 1,402 219 163
2018-03-31 1,394 286 168
2017-12-31 1,386 287 168
2017-09-30 1,388 220 173
2017-06-30 1,372 282 169
2017-03-31 1,363 268 170
2016-12-31 1,337 219 166

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Fielmann's earnings are expected to grow by 6.1% yearly, however this is not considered high growth (20% yearly).
  • Fielmann's revenue is expected to grow by 3.8% 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:FIED 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 9 Analyst Estimates (S&P Global) See Below

All data from Fielmann Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:FIED 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 2.34 2.34 2.34 1.00
2021-12-31 2.17 2.35 1.90 7.00
2020-12-31 1.63 2.28 0.30 8.00
2020-04-08
2019-12-31 2.06 2.11 2.04 7.00
BATS-CHIXE:FIED Past Financials Data
Date (Data in EUR Millions) EPS *
2019-09-30 2.08
2019-06-30 2.09
2019-03-31 2.06
2018-12-31 2.01
2018-09-30 1.98
2018-06-30 1.94
2018-03-31 2.00
2017-12-31 2.00
2017-09-30 2.05
2017-06-30 2.02
2017-03-31 2.03
2016-12-31 1.98

*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.
  • Fielmann is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Fielmann'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.
Fielmann 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.

FIED Past Performance

  How has Fielmann 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 Fielmann'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.
  • Fielmann's year on year earnings growth rate has been positive over the past 5 years.
  • Fielmann's 1-year earnings growth exceeds its 5-year average (5.6% vs 1.7%)
  • Fielmann's earnings growth has exceeded the GB Specialty Retail industry average in the past year (5.6% vs 1.5%).
Earnings and Revenue History
Fielmann'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 Fielmann Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:FIED Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 1,508.42 175.04 629.75
2019-06-30 1,474.72 175.92 611.12
2019-03-31 1,449.91 172.90 601.86
2018-12-31 1,428.00 168.89 591.35
2018-09-30 1,403.91 165.69 578.02
2018-06-30 1,402.10 163.29 578.23
2018-03-31 1,393.95 168.29 571.56
2017-12-31 1,385.97 167.63 568.73
2017-09-30 1,387.76 172.53 561.98
2017-06-30 1,372.16 169.23 556.36
2017-03-31 1,362.68 170.00 549.21
2016-12-31 1,337.18 166.31 539.86
2016-09-30 1,322.61 160.13 538.74
2016-06-30 1,315.99 165.38 531.29
2016-03-31 1,299.21 159.13 524.26
2015-12-31 1,299.94 165.53 519.57
2015-09-30 1,281.85 166.98 508.86
2015-06-30 1,257.83 163.08 500.88
2015-03-31 1,237.25 159.89 494.01
2014-12-31 1,226.49 157.32 484.27
2014-09-30 1,214.48 156.03 476.03
2014-06-30 1,198.18 148.45 470.97
2014-03-31 1,185.64 146.19 464.61
2013-12-31 1,157.11 138.03 458.74
2013-09-30 1,144.35 132.36 452.79
2013-06-30 1,127.90 128.31 448.45

*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.
  • Fielmann has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Fielmann used its assets more efficiently than the GB Specialty Retail industry average last year based on Return on Assets.
  • Fielmann's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Fielmann'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.
Fielmann has a total score of 5/6, see the detailed checks below.

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

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

FIED Health

 How is Fielmann'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 Fielmann's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Fielmann is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Fielmann's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Fielmann'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 336.2x 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 Fielmann Company Filings, last reported 6 months ago.

BATS-CHIXE:FIED Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 687.02 1.57 245.73
2019-06-30 793.13 1.40 335.14
2019-03-31 753.70 1.44 308.03
2018-12-31 709.22 1.35 248.36
2018-09-30 670.83 0.72 261.05
2018-06-30 773.03 1.42 349.02
2018-03-31 735.76 1.66 335.09
2017-12-31 695.01 1.71 289.53
2017-09-30 660.48 2.36 287.43
2017-06-30 614.51 2.13 239.69
2017-03-31 725.38 1.89 340.39
2016-12-31 686.27 1.48 279.80
2016-09-30 642.95 0.13 331.18
2016-06-30 747.15 0.20 401.82
2016-03-31 702.70 0.39 363.72
2015-12-31 667.79 1.05 297.41
2015-09-30 629.37 0.23 336.54
2015-06-30 716.50 0.26 416.60
2015-03-31 679.61 0.17 411.29
2014-12-31 629.60 1.29 286.54
2014-09-30 590.49 0.13 304.47
2014-06-30 664.40 0.36 378.64
2014-03-31 632.89 0.30 362.91
2013-12-31 594.49 1.11 293.31
2013-09-30 557.57 2.58 284.21
2013-06-30 629.39 2.94 336.82
  • Fielmann's level of debt (0.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 0.2% today).
  • Debt is well covered by operating cash flow (19436.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 181.2x coverage).
X
Financial health checks
We assess Fielmann'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. Fielmann 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.

FIED Dividends

 What is Fielmann'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 Fielmann dividends. Estimated to be 3.17% next year.
If you bought €2,000 of Fielmann 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 Fielmann's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Fielmann'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:FIED 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 9 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:FIED Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 1.00 2.00
2021-12-31 2.02 8.00
2020-12-31 1.77 9.00
2020-04-08
2019-12-31 1.51 9.00
BATS-CHIXE:FIED Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-03-31 0.000 0.000
2019-04-29 1.900 2.907
2019-01-15 1.900 3.194
2018-04-26 1.850 3.167
2018-01-15 1.850 2.714
2017-04-27 1.800 2.514
2017-01-16 1.800 2.579
2016-04-28 1.750 2.656
2016-01-15 1.750 2.643
2015-04-28 1.600 2.587
2015-01-15 1.600 2.589
2014-04-29 1.450 2.853
2014-04-10 1.450 3.030
2014-01-15 1.450 3.256
2013-02-28 1.350 3.432
2012-04-12 1.250 3.420
2011-04-28 1.200 3.263
2011-04-14 1.200 3.453
2011-01-17 1.200 3.629
2010-04-29 1.000 3.089
2010-01-04 1.000 3.440
2009-04-30 0.975 4.067

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

  • Unable to perform a dividend volatility check as Fielmann has not reported any payouts.
  • Unable to verify if Fielmann's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Fielmann's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Fielmann has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.2x coverage).
X
Income/ dividend checks
We assess Fielmann'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 Fielmann afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Fielmann 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.

FIED Management

 What is the CEO of Fielmann'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
Günther Fielmann
COMPENSATION €3,592,000
TENURE AS CEO 2 years
CEO Bio

Mr. Günther Fielmann has been the Head of Collection, Public Relations & Legal at Fielmann Aktiengesellschaft since January 1, 2016. Mr. Fielmann serves as the Chairman of the Management Board of Fielmann Aktiengesellschaft and served as its Head of Marketing until January 1, 2016. He is responsible for the Sales Distribution and Marketing. He served as head of Human Resources of Fielmann Aktiengesellschaft. until March 31, 2005. He served as Head of Human Resources and Head of Sales Distribution at Fielmann Aktiengesellschaft.

CEO Compensation
  • Günther's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Günther's remuneration is about average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure of the Fielmann management team in years:

3.5
Average Tenure
  • The tenure for the Fielmann management team is about average.
Management Team

Günther Fielmann

TITLE
Chairman of Management Board & Co-CEO
COMPENSATION
€4M
TENURE
2 yrs

Marc Fielmann

TITLE
Co-CEO & Member of Management Board
COMPENSATION
€2M
TENURE
2 yrs

Georg Zeiss

TITLE
Head of Finance
COMPENSATION
€2M
TENURE
4.3 yrs

Stefan Thies

TITLE
Head of HR & Labour Relations
COMPENSATION
€2M
TENURE
7.1 yrs

Bastian Körber

TITLE
Head of Sales & Member of the Management Board
COMPENSATION
€2M
TENURE
5 yrs

Michael Ferley

TITLE
Member of Management Board
COMPENSATION
€1M
TENURE
2.8 yrs
Board of Directors Tenure

Average tenure of the Fielmann board of directors in years:

9.8
Average Tenure
  • The tenure for the Fielmann board of directors is about average.
Board of Directors

Mark Binz

TITLE
Chairman of the Supervisory Board
COMPENSATION
€145K

Mathias Thürnau

TITLE
Deputy Chairman of the Supervisory Board
COMPENSATION
€75K

Hans Oltersdorf

TITLE
Member of the Supervisory Board
COMPENSATION
€50K
TENURE
14.8 yrs

Eva Schleifenbaum

TITLE
Member of the Supervisory Board
COMPENSATION
€40K

Pier Righi

TITLE
Member of the Supervisory Board
COMPENSATION
€40K

Jana Furcht

TITLE
Member of the Supervisory Board
COMPENSATION
€40K
TENURE
10.3 yrs

Ralf Greve

TITLE
Member of the Supervisory Board
COMPENSATION
€50K
TENURE
9.8 yrs

Fred Haselbach

TITLE
Member of the Supervisory Board
COMPENSATION
€40K
TENURE
9.8 yrs

Petra Oettle

TITLE
Member of the Supervisory Board
COMPENSATION
€50K
TENURE
9.8 yrs

Hans-Georg Frey

TITLE
Member of the Supervisory Board
COMPENSATION
€55K
TENURE
9.8 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 Fielmann'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. Fielmann 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.

FIED News

Simply Wall St News

FIED Company Info

Description

Fielmann Aktiengesellschaft invests in and operates optical and hearing aid businesses in Germany, Switzerland, Austria, and internationally. The company designs, manufactures, distributes, and retails visual aids and other optical products, including glasses, frames, lenses, sunglasses, contact lenses, and related articles and accessories, as well as hearing aids and accessories. It operates a network of 723 stores, including 597 in Germany, 42 in Switzerland, and 37 Austria. The company also offers its products through online stores. The company is headquartered in Hamburg, Germany. Fielmann Aktiengesellschaft is a subsidiary of Korva SE.

Details
Name: Fielmann Aktiengesellschaft
FIED
Exchange: BATS-CHIXE
Founded:
€4,657,082,643
83,987,063
Website: http://www.fielmann.com
Address: Fielmann Aktiengesellschaft
Weidestraße 118a,
Hamburg,
Hamburg, 22083,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA FIE Ordinary Shares XETRA Trading Platform DE EUR 15. Sep 1994
OTCPK FLMN.F Ordinary Shares Pink Sheets LLC US USD 15. Sep 1994
DB FIE Ordinary Shares Deutsche Boerse AG DE EUR 15. Sep 1994
LSE 0MG1 Ordinary Shares London Stock Exchange GB EUR 15. Sep 1994
SWX FIE Ordinary Shares SIX Swiss Exchange CH CHF 15. Sep 1994
WBAG FIE Ordinary Shares Wiener Boerse AG AT EUR 15. Sep 1994
ETLX FIE Ordinary Shares Eurotlx IT EUR 15. Sep 1994
BATS-CHIXE FIED Ordinary Shares BATS 'Chi-X Europe' GB EUR 15. Sep 1994
OTCPK FLMN.Y ADR Pink Sheets LLC US USD 22. Dec 2011
Number of employees
Current staff
Staff numbers
20,519
Fielmann employees.
Industry
Specialty Stores
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 19:37
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/04/03
Last earnings filing: 2019/11/07
Last earnings reported: 2019/09/30
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.