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Koninklijke Brill

ENXTAM:BRILL
Snowflake Description

Adequate balance sheet unattractive dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BRILL
ENXTAM
€35M
Market Cap
  1. Home
  2. NL
  3. Media
Company description

Koninklijke Brill NV operates as a publishing house in Asia and Oceania, the Middle East and Africa, North America, Eastern and Western Europe, and internationally. The last earnings update was 9 days ago. More info.


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  • Koninklijke Brill has significant price volatility in the past 3 months.
BRILL Share Price and Events
7 Day Returns
1.6%
ENXTAM:BRILL
-4.1%
Europe Media
1.6%
NL Market
1 Year Returns
-21.3%
ENXTAM:BRILL
-37.7%
Europe Media
-23.9%
NL Market
BRILL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Koninklijke Brill (BRILL) 1.6% -5.4% -11.1% -21.3% -42.2% -29.5%
Europe Media -4.1% -23.6% -38.7% -37.7% -51.8% -59.2%
NL Market 1.6% -13% -24.9% -23.9% -14.8% -13.3%
1 Year Return vs Industry and Market
  • BRILL outperformed the Media industry which returned -37.7% over the past year.
  • BRILL outperformed the Market in Netherlands which returned -23.9% over the past year.
Price Volatility
BRILL
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Koninklijke Brill 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 Koninklijke Brill 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 Koninklijke Brill.

ENXTAM:BRILL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 4.3%
Perpetual Growth Rate 10-Year NL Government Bond Rate -0.2%

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 ENXTAM:BRILL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year NL Govt Bond Rate -0.2%
Equity Risk Premium S&P Global 5.4%
Media Unlevered Beta Simply Wall St/ S&P Global 0.64
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.638 (1 + (1- 25%) (21.02%))
0.825
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.82
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.23% + (0.825 * 5.44%)
4.26%

Discounted Cash Flow Calculation for ENXTAM:BRILL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Koninklijke Brill 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.

ENXTAM:BRILL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 4.26%)
2020 2.21 Est @ 1.66% 2.12
2021 2.23 Est @ 1.09% 2.05
2022 2.25 Est @ 0.69% 1.98
2023 2.26 Est @ 0.42% 1.91
2024 2.26 Est @ 0.22% 1.84
2025 2.26 Est @ 0.09% 1.76
2026 2.26 Est @ -0.01% 1.69
2027 2.26 Est @ -0.07% 1.62
2028 2.26 Est @ -0.12% 1.55
2029 2.26 Est @ -0.15% 1.49
Present value of next 10 years cash flows €18.00
ENXTAM:BRILL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €2.26 × (1 + -0.23%) ÷ (4.26% – -0.23%)
€50.18
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €50.18 ÷ (1 + 4.26%)10
€33.07
ENXTAM:BRILL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €18.00 + €33.07
€51.07
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €51.07 / 1.87
€27.25
ENXTAM:BRILL Discount to Share Price
Calculation Result
Value per share (EUR) From above. €27.25
Current discount Discount to share price of €18.50
= -1 x (€18.50 - €27.25) / €27.25
32.1%

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

Current Discount
Amount off the current price Koninklijke Brill is available for.
Intrinsic value
32%
Share price is €18.5 vs Future cash flow value of €27.25
Current Discount Checks
For Koninklijke Brill to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Koninklijke Brill's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Koninklijke Brill's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Koninklijke Brill's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Koninklijke Brill's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ENXTAM:BRILL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €1.10
ENXTAM:BRILL Share Price ** ENXTAM (2020-04-06) in EUR €18.5
Europe Media Industry PE Ratio Median Figure of 107 Publicly-Listed Media Companies 13.78x
Netherlands Market PE Ratio Median Figure of 80 Publicly-Listed Companies 14.57x

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

** Primary Listing of Koninklijke Brill.

ENXTAM:BRILL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 18.5 ÷ 1.10

16.82x

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

  • Koninklijke Brill is overvalued based on earnings compared to the Europe Media industry average.
  • Koninklijke Brill is overvalued based on earnings compared to the Netherlands market.
Price based on expected Growth
Does Koninklijke Brill's expected growth come at a high price?
Raw Data
ENXTAM:BRILL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.82x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Media Industry PEG Ratio Median Figure of 61 Publicly-Listed Media Companies 0.92x
Netherlands Market PEG Ratio Median Figure of 58 Publicly-Listed Companies 1.11x

*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 Koninklijke Brill, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Koninklijke Brill's assets?
Raw Data
ENXTAM:BRILL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €11.28
ENXTAM:BRILL Share Price * ENXTAM (2020-04-06) in EUR €18.5
Europe Media Industry PB Ratio Median Figure of 162 Publicly-Listed Media Companies 1.03x
Netherlands Market PB Ratio Median Figure of 101 Publicly-Listed Companies 1.37x
ENXTAM:BRILL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 18.5 ÷ 11.28

1.64x

* Primary Listing of Koninklijke Brill.

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

  • Koninklijke Brill is overvalued based on assets compared to the Europe Media industry average.
X
Value checks
We assess Koninklijke Brill'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 Media 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 Media industry average (and greater than 0)? (1 check)
  5. Koninklijke Brill 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.

Future Performance

 How is Koninklijke Brill 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 Koninklijke Brill 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
11.6%
Expected Media industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Koninklijke Brill expected to grow at an attractive rate?
  • Unable to compare Koninklijke Brill's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Koninklijke Brill's earnings growth to the Netherlands market average as no estimate data is available.
  • Unable to compare Koninklijke Brill's revenue growth to the Netherlands market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ENXTAM:BRILL Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Media Industry Earnings Growth Rate Market Cap Weighted Average 11.6%
Europe Media Industry Revenue Growth Rate Market Cap Weighted Average 1.9%
Netherlands Market Earnings Growth Rate Market Cap Weighted Average 13.1%
Netherlands Market Revenue Growth Rate Market Cap Weighted Average 5.3%

*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
ENXTAM:BRILL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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.
ENXTAM:BRILL Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
ENXTAM:BRILL Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 37 7 2
2019-09-30 37 7 2
2019-06-30 37 7 2
2019-03-31 36 7 2
2018-12-31 36 6 2
2018-09-30 36 7 2
2018-06-30 36 8 2
2018-03-31 36 7 2
2017-12-31 36 7 2
2017-09-30 35 8 2
2017-06-30 34 9 2
2017-03-31 33 8 3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Koninklijke Brill is high growth as no earnings estimate data is available.
  • Unable to determine if Koninklijke Brill 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
ENXTAM:BRILL 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 0 Analyst Estimates (S&P Global) See Below

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

ENXTAM:BRILL Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
ENXTAM:BRILL Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 1.10
2019-09-30 1.14
2019-06-30 1.18
2019-03-31 1.21
2018-12-31 1.23
2018-09-30 1.15
2018-06-30 1.08
2018-03-31 1.14
2017-12-31 1.21
2017-09-30 1.22
2017-06-30 1.23
2017-03-31 1.36

*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 Koninklijke Brill will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Koninklijke Brill's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Koninklijke Brill'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 Media companies here
  3. Koninklijke Brill's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Koninklijke Brill'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Koninklijke Brill 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.

Past Performance

  How has Koninklijke Brill 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 Koninklijke Brill's growth in the last year to its industry (Media).
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.
  • Koninklijke Brill's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Koninklijke Brill's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Koninklijke Brill's 1-year earnings growth is negative, it can't be compared to the Europe Media industry average.
Earnings and Revenue History
Koninklijke Brill'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 Koninklijke Brill Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTAM:BRILL 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 37.28 2.06 22.68
2019-09-30 36.97 2.14 22.72
2019-06-30 36.67 2.21 22.75
2019-03-31 36.31 2.26 22.39
2018-12-31 35.95 2.30 22.02
2018-09-30 36.20 2.16 21.67
2018-06-30 36.45 2.03 21.32
2018-03-31 36.42 2.14 20.92
2017-12-31 36.39 2.26 20.53
2017-09-30 35.10 2.29 19.61
2017-06-30 33.80 2.31 18.70
2017-03-31 32.99 2.56 18.00
2016-12-31 32.18 2.80 17.31
2016-09-30 32.08 2.88 17.55
2016-06-30 31.98 2.97 17.80
2016-03-31 31.39 2.65 17.60
2015-12-31 30.81 2.33 17.40
2015-09-30 30.31 2.10 17.15
2015-06-30 29.82 1.88 16.91
2015-03-31 29.71 2.02 16.61
2014-12-31 29.60 2.15 16.31
2014-09-30 29.57 2.45 15.76
2014-06-30 29.38 2.44 15.41
2014-03-31 29.33 2.45 15.38
2013-12-31 29.28 2.46 15.34
2013-09-30 29.05 2.55 15.02
2013-06-30 28.82 2.64 14.70

*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.
  • Koninklijke Brill has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Koninklijke Brill used its assets more efficiently than the Europe Media industry average last year based on Return on Assets.
  • Koninklijke Brill's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Koninklijke Brill'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 Media 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.
Koninklijke Brill has a total score of 1/6, 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 Koninklijke Brill'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 Koninklijke Brill's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Koninklijke Brill's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Koninklijke Brill's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Koninklijke Brill'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 3.4x 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 Koninklijke Brill Company Filings, last reported 3 months ago.

ENXTAM:BRILL Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 21.11 4.85 1.79
2019-09-30 21.11 4.85 1.79
2019-06-30 19.05 5.70
2019-03-31 19.05 5.70
2018-12-31 20.79 5.93 2.38
2018-09-30 20.79 5.93 2.38
2018-06-30 19.16 6.58
2018-03-31 19.16 6.58
2017-12-31 27.40 0.00 3.79
2017-09-30 27.40 0.00 3.79
2017-06-30 25.91 0.00 1.22
2017-03-31 25.91 0.00 1.22
2016-12-31 27.53 0.00 6.30
2016-09-30 27.53 0.00 6.30
2016-06-30 25.57 0.00 2.46
2016-03-31 25.57 0.00 2.46
2015-12-31 27.17 0.00 6.30
2015-09-30 27.17 0.00 6.30
2015-06-30 25.10 0.00 1.96
2015-03-31 25.10 0.00 1.96
2014-12-31 26.83 0.00 5.25
2014-09-30 26.94 0.00 5.25
2014-06-30 25.41 0.00 1.90
2014-03-31 25.41 0.00 1.90
2013-12-31 27.20 0.00 6.74
2013-09-30 27.20 0.00 6.74
2013-06-30 25.05 0.00 2.80
  • Koninklijke Brill's level of debt (23%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Koninklijke Brill's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (149.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 18.3x coverage).
X
Financial health checks
We assess Koninklijke Brill'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. Koninklijke Brill 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 Koninklijke Brill'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
2.7%
Current annual income from Koninklijke Brill dividends.
If you bought €2,000 of Koninklijke Brill shares you are expected to receive €54 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?
  • Koninklijke Brill's pays a higher dividend yield than the bottom 25% of dividend payers in Netherlands (2.65%).
  • Koninklijke Brill's dividend is below the markets top 25% of dividend payers in Netherlands (7.35%).
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
ENXTAM:BRILL 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
Europe Media Industry Average Dividend Yield Market Cap Weighted Average of 75 Stocks 6.5%
Netherlands Market Average Dividend Yield Market Cap Weighted Average of 62 Stocks 5.1%
Netherlands Minimum Threshold Dividend Yield 10th Percentile 1.8%
Netherlands Bottom 25% Dividend Yield 25th Percentile 2.6%
Netherlands Top 25% Dividend Yield 75th Percentile 7.4%

Industry and Market average data is calculated daily.

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

ENXTAM:BRILL Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
ENXTAM:BRILL Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-03-30 0.500 2.718
2019-04-04 0.850 4.073
2019-03-28 0.850 3.603
2018-04-05 1.320 5.379
2018-03-15 1.320 3.910
2017-03-16 1.320 3.872
2016-04-07 1.240 4.708
2015-04-02 1.150 4.754
2015-03-12 1.150 4.499
2014-04-03 1.120 4.519
2014-03-12 1.120 4.886
2013-04-04 1.080 5.015
2013-03-14 1.080 5.127
2012-04-02 1.050 5.499
2012-03-12 1.050 5.693
2011-04-06 0.900 6.428
2011-03-15 0.900 6.477
2010-04-22 0.900 7.257
2010-03-17 0.900 7.128
2009-08-18 0.000 0.000

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Koninklijke Brill's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.2x 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 Koninklijke Brill's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.8%) - 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 Koninklijke Brill afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Koninklijke Brill 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.

Management

 What is the CEO of Koninklijke Brill'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
J. Coebergh
COMPENSATION €348,000
AGE 58
TENURE AS CEO 1.9 years
CEO Bio

Mr. J. Peter Coebergh is Chief Executive Officer at Koninklijke Brill NV since May 18, 2018 and has been its Member of the Management Board since May 2018. Mr. Coebergh served as Executive Vice President of Sales & Marketing at Koninklijke Brill NV since September 2015 until May 2018. Mr. Coebergh serves as the President of Corporate & Healthcare Markets at Springer-Verlag GmbH. He has been the President of STM Sales ROW of Springer Science+Business Media Deutschland GmbH since 2007. Mr. Coebergh served as a Vice President of Library Sales ROW from 2004 to 2007; Sales Director of Kluwer Academic Publishersfrom 2001 to 2004 and Marketing Director of Kluwer Juridisch (part of Wolters Kluwer), The Netherlands from 1999 to 2001. He served as Various International Marketing and Sales positions, based for several years in Italy and Thailand at Royal Bols Wessanen from 1991 to 1999 and served as Marketing Trainee of Unilever, The Netherlands from 1989 to 1991. Since 2006, he has been Vice-Chairman of a Board that supervises 4 Montessori schools in and around Huizen, The Netherlands. He holds Master of Law in Dutch civil law from Leiden University, The Netherlands from 1981 to 1986.

CEO Compensation
  • Insufficient data for J. to compare compensation growth.
  • J.'s remuneration is about average for companies of similar size in Netherlands.
Management Team Tenure

Average tenure of the Koninklijke Brill management team in years:

1.9
Average Tenure
  • The average tenure for the Koninklijke Brill management team is less than 2 years, this suggests a new team.
Management Team

J. Coebergh

TITLE
CEO & Member of the Management Board
COMPENSATION
€348K
AGE
58
TENURE
1.9 yrs

Olivier de Vlam

TITLE
CFO, COO & Member the Management Board
COMPENSATION
€282K
TENURE
1.9 yrs

Arthur Koedam

TITLE
Head of Central Operations Department

Jasmin Lange

TITLE
Chief Publishing Officer
TENURE
2.3 yrs
Board of Directors Tenure

Average tenure and age of the Koninklijke Brill board of directors in years:

4.5
Average Tenure
64
Average Age
  • The tenure for the Koninklijke Brill board of directors is about average.
Board of Directors

Steven Perrick

TITLE
Chairman of Supervisory Board
AGE
70
TENURE
3.7 yrs

Catherine Lucet

TITLE
Member of the Supervisory Board
AGE
60
TENURE
7.3 yrs

Robin van Konijnenburg

TITLE
Member of Supervisory Board
AGE
62
TENURE
5.3 yrs

Theo Van der Raadt

TITLE
Member of Supervisory Board
AGE
66
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Koninklijke Brill'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. Koninklijke Brill 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

Read This Before You Buy Koninklijke Brill NV (AMS:BRILL) Because Of Its P/E Ratio

See our latest analysis for Koninklijke Brill How Do I Calculate A Price To Earnings Ratio? … The formula for price to earnings is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Koninklijke Brill: P/E of 16.68 = €20.5 ÷ €1.23 (Based on the year to December 2018.) Is A High Price-to-Earnings Ratio Good? … Koninklijke Brill's earnings per share were pretty steady over the last year.

Simply Wall St -

Does Koninklijke Brill NV (AMS:BRILL) Create Value For Shareholders?

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Koninklijke Brill: 11% = €2.3m ÷ €21m (Based on the trailing twelve months to December 2018.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Does Koninklijke Brill Have A Good Return On Equity? … Combining Koninklijke Brill's Debt And Its 11% Return On Equity While Koninklijke Brill does have some debt, with debt to equity of just 0.29, we wouldn't say debt is excessive.

Simply Wall St -

Does Market Volatility Impact Koninklijke Brill NV's (AMS:BRILL) Share Price?

Anyone researching Koninklijke Brill NV (AMS:BRILL) might want to consider the historical volatility of the share price. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … View our latest analysis for Koninklijke Brill What BRILL's beta value tells investors With a beta of 0.94, (which is quite close to 1) the share price of Koninklijke Brill has historically been about as voltile as the broader market.

Simply Wall St -

Those Who Purchased Koninklijke Brill (AMS:BRILL) Shares A Year Ago Have A 31% Loss To Show For It

Even though the Koninklijke Brill share price is down over the year, its EPS actually improved. … Vibrant companies don't usually cut their dividends, so the recent reduction might help explain why the Koninklijke Brill share price has been weak. … We note that for Koninklijke Brill the TSR over the last year was -29%, which is better than the share price return mentioned above.

Simply Wall St -

Does Koninklijke Brill (AMS:BRILL) Have A Healthy Balance Sheet?

We note that Koninklijke Brill NV (AMS:BRILL) does have debt on its balance sheet. … ENXTAM:BRILL Historical Debt, July 8th 2019 How Healthy Is Koninklijke Brill's Balance Sheet? … Since Koninklijke Brill does have net debt, we think it is worthwhile for shareholders to keep an eye on the balance sheet, over time.

Simply Wall St -

Something To Consider Before Buying Koninklijke Brill NV (AMS:BRILL) For The 4.1% Dividend

It's good to see that Koninklijke Brill has been paying a dividend for a number of years. … Dividend Growth Potential With a relatively unstable dividend, it's even more important to evaluate if earnings per share (EPS) are growing - it's not worth taking the risk on a dividend getting cut, unless you might be rewarded with larger dividends in future. Koninklijke Brill's EPS are effectively flat over the past five years. Over the long term, steady earnings per share is a risk as the value of the dividends can be reduced by inflation. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing. … In this analysis, Koninklijke Brill doesn't shape up too well as a dividend stock.

Simply Wall St -

What Kind Of Shareholder Appears On The Koninklijke Brill NV's (AMS:BRILL) Shareholder Register?

Koninklijke Brill is a smaller company with a market capitalization of €42m, so it may still be flying under the radar of many institutional investors. … See our latest analysis for Koninklijke Brill ENXTAM:BRILL Ownership Summary, May 27th 2019 What Does The Institutional Ownership Tell Us About Koninklijke Brill? … Insider Ownership Of Koninklijke Brill While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders.

Simply Wall St -

Here's What Koninklijke Brill NV's (AMS:BRILL) P/E Is Telling Us

Koninklijke Brill has a price to earnings ratio of 19.12, based on the last twelve months. … The formula for P/E is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Koninklijke Brill: P/E of 19.12 = €23.5 ÷ €1.23 (Based on the trailing twelve months to December 2018.) Is A High Price-to-Earnings Ratio Good? … ENXTAM:BRILL Price Estimation Relative to Market, May 13th 2019 Its relatively high P/E ratio indicates that Koninklijke Brill shareholders think it will perform better than other companies in its industry classification.

Simply Wall St -

How Good Is Koninklijke Brill NV (AMS:BRILL), When It Comes To ROE?

This article is for those who would like to learn about Return On Equity (ROE). … One way to conceptualize this, is that for each €1 of shareholders' equity it has, the company made €0.11 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Before You Buy Koninklijke Brill NV (AMS:BRILL), Consider Its Volatility

Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful. … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

Simply Wall St -

Company Info

Description

Koninklijke Brill NV operates as a publishing house in Asia and Oceania, the Middle East and Africa, North America, Eastern and Western Europe, and internationally. Its publications focus on the humanities and social sciences, international law, selected areas in the sciences, and natural history. The company offers books, journals, reference works, and primary sources materials, including African and American studies, ancient Near East and Egypt, art history, Asian studies, Biblical studies and early Christianity, book history and cartography, classical studies, education, history, Jewish studies, languages and linguistics, literature and cultural studies, media studies, the Middle East and Islamic studies, philosophy, religious studies, Slavic and Eurasian studies, social sciences, theology and world Christianity, human rights and humanitarian law, international law, international relations, science, and biology. It also distributes e-version of its products directly on brill.com, as well as through third party platforms. The company was founded in 1683 and is headquartered in Leiden, the Netherlands.

Details
Name: Koninklijke Brill NV
BRILL
Exchange: ENXTAM
Founded: 1683
€34,677,214
1,874,444
Website: http://www.brill.com
Address: Koninklijke Brill NV
Plantijnstraat 2,
Leiden,
Zuid-Holland, 2321 JC,
Netherlands
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTAM BRILL Ordinary Shares Euronext Amsterdam NL EUR 07. Apr 1992
LSE 0JIU Ordinary Shares London Stock Exchange GB EUR 07. Apr 1992
Number of employees
Current staff
Staff numbers
167
Koninklijke Brill employees.
Industry
Publishing
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 23:53
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2018/03/15
Last earnings filing: 2020/03/28
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.