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HELLA GmbH KGaA

WBAG:HLE
Snowflake Description

Solid track record with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HLE
WBAG
€5B
Market Cap
  1. Home
  2. AT
  3. Automobiles
Company description

HELLA GmbH & Co. KGaA, together with its subsidiaries, develops, manufactures, and sells lighting products, and electronic components and systems for automotive industry worldwide. The last earnings update was 7 days ago. More info.


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  • HELLA GmbH KGaA has significant price volatility in the past 3 months.
HLE Share Price and Events
7 Day Returns
10.2%
WBAG:HLE
6.9%
Europe Auto Components
3.4%
AT Market
1 Year Returns
-8.9%
WBAG:HLE
-21.7%
Europe Auto Components
-2%
AT Market
HLE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
HELLA GmbH KGaA (HLE) 10.2% 17.5% 19.7% -8.9% - -
Europe Auto Components 6.9% 10.9% 19.9% -21.7% -5.7% 6%
AT Market 3.4% 6% 10.1% -2% 43.4% 29.5%
1 Year Return vs Industry and Market
  • HLE outperformed the Auto Components industry which returned -21.7% over the past year.
  • HLE underperformed the Market in Austria which returned -2% over the past year.
Price Volatility
HLE
Industry
5yr Volatility vs Market

Value

 Is HELLA GmbH KGaA 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 HELLA GmbH KGaA 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 HELLA GmbH KGaA.

WBAG:HLE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 18 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.9%
Perpetual Growth Rate 10-Year AT 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 WBAG:HLE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AT Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6%
Auto Components Unlevered Beta Simply Wall St/ S&P Global 1.16
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.157 (1 + (1- 30%) (24.74%))
1.24
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.24
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.51% + (1.24 * 5.96%)
7.9%

Discounted Cash Flow Calculation for WBAG:HLE using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for HELLA GmbH KGaA 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.

WBAG:HLE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 7.9%)
2019 200.50 Analyst x2 185.82
2020 237.31 Analyst x8 203.84
2021 242.94 Analyst x7 193.40
2022 244.60 Analyst x1 180.46
2023 246.14 Est @ 0.63% 168.31
2024 247.60 Est @ 0.59% 156.91
2025 249.01 Est @ 0.57% 146.25
2026 250.38 Est @ 0.55% 136.29
2027 251.73 Est @ 0.54% 126.99
2028 253.06 Est @ 0.53% 118.32
Present value of next 10 years cash flows €1,616.60
WBAG:HLE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €253.06 × (1 + 0.51%) ÷ (7.9% – 0.51%)
€3,442.42
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €3,442.42 ÷ (1 + 7.9%)10
€1,609.53
WBAG:HLE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €1,616.60 + €1,609.53
€3,226.13
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €3,226.13 / 111.11
€29.04
WBAG:HLE Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in WBAG:HLE represents 0.99959x of XTRA:HLE
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99959x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 29.04 x 0.99959
€29.02
Value per share (EUR) From above. €29.02
Current discount Discount to share price of €49.22
= -1 x (€49.22 - €29.02) / €29.02
-69.6%

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

  • The current share price of HELLA GmbH KGaA 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 HELLA GmbH KGaA's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are HELLA GmbH KGaA's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WBAG:HLE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-02-28) in EUR €5.61
XTRA:HLE Share Price ** XTRA (2019-04-18) in EUR €49.24
Europe Auto Components Industry PE Ratio Median Figure of 42 Publicly-Listed Auto Components Companies 13.18x
Austria Market PE Ratio Median Figure of 51 Publicly-Listed Companies 14.73x

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

** Primary Listing of HELLA GmbH KGaA.

WBAG:HLE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 49.24 ÷ 5.61

8.78x

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

  • HELLA GmbH KGaA is good value based on earnings compared to the Europe Auto Components industry average.
  • HELLA GmbH KGaA is good value based on earnings compared to the Austria market.
Price based on expected Growth
Does HELLA GmbH KGaA's expected growth come at a high price?
Raw Data
WBAG:HLE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.78x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts
-11.3%per year
Europe Auto Components Industry PEG Ratio Median Figure of 33 Publicly-Listed Auto Components Companies 1.1x
Austria Market PEG Ratio Median Figure of 32 Publicly-Listed Companies 1.34x

*Line of best fit is calculated by linear regression .

WBAG:HLE PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.78x ÷ -11.3%

-0.77x

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

  • HELLA GmbH KGaA earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on HELLA GmbH KGaA's assets?
Raw Data
WBAG:HLE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-02-28) in EUR €25.78
XTRA:HLE Share Price * XTRA (2019-04-18) in EUR €49.24
Europe Auto Components Industry PB Ratio Median Figure of 47 Publicly-Listed Auto Components Companies 1.48x
Austria Market PB Ratio Median Figure of 59 Publicly-Listed Companies 1.27x
WBAG:HLE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 49.24 ÷ 25.78

1.91x

* Primary Listing of HELLA GmbH KGaA.

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

  • HELLA GmbH KGaA is overvalued based on assets compared to the Europe Auto Components industry average.
X
Value checks
We assess HELLA GmbH KGaA'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 Auto Components 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 Auto Components industry average (and greater than 0)? (1 check)
  5. HELLA GmbH KGaA has a total score of 2/6, 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 HELLA GmbH KGaA expected to perform in the next 1 to 3 years based on estimates from 18 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
-11.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is HELLA GmbH KGaA expected to grow at an attractive rate?
  • HELLA GmbH KGaA's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.5%.
Growth vs Market Checks
  • HELLA GmbH KGaA's earnings are expected to decrease over the next 1-3 years, this is below the Austria market average.
  • HELLA GmbH KGaA's revenue growth is expected to exceed the Austria market average.
Annual Growth Rates Comparison
Raw Data
WBAG:HLE Future Growth Rates Data Sources
Data Point Source Value (per year)
WBAG:HLE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts -11.3%
WBAG:HLE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 18 Analysts 4.9%
Europe Auto Components Industry Earnings Growth Rate Market Cap Weighted Average 7.1%
Europe Auto Components Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
Austria Market Earnings Growth Rate Market Cap Weighted Average 9%
Austria Market Revenue Growth Rate Market Cap Weighted Average 2.7%

*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
WBAG:HLE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WBAG:HLE Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-05-31 8,833 1
2022-05-31 8,029 852 436 3
2021-05-31 7,774 861 454 14
2020-05-31 7,307 837 427 17
2019-05-31 7,017 874 623 18
WBAG:HLE Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-02-28 7,100 768 623
2018-11-30 7,158 808 634
2018-08-31 7,218 830 402
2018-05-31 7,060 826 389
2018-02-28 6,939 835 372
2017-11-30 6,839 808 367
2017-08-31 6,661 825 341
2017-05-31 6,585 713 342
2017-02-28 6,473 707 333
2016-11-30 6,390 588 313
2016-08-31 6,408 520 311
2016-05-31 6,352 623 269

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • HELLA GmbH KGaA's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • HELLA GmbH KGaA's revenue is expected to grow by 4.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
WBAG:HLE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below

All data from HELLA GmbH KGaA Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:HLE Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-05-31
2022-05-31 3.92 4.08 3.77 2.00
2021-05-31 4.02 4.40 3.58 13.00
2020-05-31 3.79 4.33 3.42 16.00
2019-05-31 5.61 5.73 5.36 9.00
WBAG:HLE Past Financials Data
Date (Data in EUR Millions) EPS *
2019-02-28 5.61
2018-11-30 5.71
2018-08-31 3.62
2018-05-31 3.50
2018-02-28 3.35
2017-11-30 3.30
2017-08-31 3.07
2017-05-31 3.08
2017-02-28 3.00
2016-11-30 2.82
2016-08-31 2.80
2016-05-31 2.42

*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.
  • HELLA GmbH KGaA is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess HELLA GmbH KGaA'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.
HELLA GmbH KGaA has a total score of 1/6, 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 HELLA GmbH KGaA 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 HELLA GmbH KGaA's growth in the last year to its industry (Auto Components).
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.
  • HELLA GmbH KGaA's year on year earnings growth rate has been positive over the past 5 years.
  • HELLA GmbH KGaA's 1-year earnings growth exceeds its 5-year average (67.4% vs 17.7%)
  • HELLA GmbH KGaA's earnings growth has exceeded the Europe Auto Components industry average in the past year (67.4% vs -0.9%).
Earnings and Revenue History
HELLA GmbH KGaA'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 HELLA GmbH KGaA Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:HLE Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-02-28 7,099.77 622.96 716.86 739.90
2018-11-30 7,158.07 634.12 765.70 715.73
2018-08-31 7,217.78 401.55 782.40 713.01
2018-05-31 7,060.34 388.68 764.50 692.03
2018-02-28 6,939.04 372.08 796.22 628.15
2017-11-30 6,839.40 366.69 775.76 630.64
2017-08-31 6,661.43 341.11 752.12 629.19
2017-05-31 6,584.75 341.73 735.95 636.24
2017-02-28 6,473.16 332.96 731.99 642.42
2016-11-30 6,390.45 313.09 721.53 643.04
2016-08-31 6,408.49 310.54 718.03 637.86
2016-05-31 6,351.89 268.50 711.82 623.46
2016-02-29 6,270.85 256.95 694.77 587.08
2015-11-30 6,167.81 268.30 682.07 566.32
2015-08-31 6,012.85 266.46 669.48 566.86
2015-05-31 5,834.69 287.00 652.33 543.93
2015-02-28 5,617.16 264.58 651.30 572.78
2014-11-30 5,505.24 263.89 642.39 549.08
2014-08-31 5,399.71 248.52 637.34 515.28
2014-05-31 5,343.33 222.89 632.78 513.55
2014-02-28 5,251.93 238.81 615.67 485.08
2013-11-30 5,090.17 200.76 607.53 476.89
2013-08-31 4,911.09 190.00 599.32 451.19
2013-05-31 4,835.48 200.42 595.08 443.80
2013-02-28 4,857.69 195.89 594.12 436.18
2012-11-30 4,892.75 205.88 600.02 413.60
2012-08-31 4,910.45 217.28 580.04 410.54
2012-05-31 4,810.21 222.80 568.47 388.27

*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.
  • HELLA GmbH KGaA has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • HELLA GmbH KGaA used its assets more efficiently than the Europe Auto Components industry average last year based on Return on Assets.
  • HELLA GmbH KGaA's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess HELLA GmbH KGaA'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 Auto Components 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.
HELLA GmbH KGaA 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.

Health

 How is HELLA GmbH KGaA'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 HELLA GmbH KGaA's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • HELLA GmbH KGaA is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • HELLA GmbH KGaA's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of HELLA GmbH KGaA's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.7x 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 HELLA GmbH KGaA Company Filings, last reported 1 month ago.

WBAG:HLE Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-02-28 2,856.25 1,353.80 1,402.06
2018-11-30 2,792.41 1,364.62 1,358.78
2018-08-31 2,564.57 1,326.57 1,005.47
2018-05-31 2,478.27 1,207.90 1,016.95
2018-02-28 2,368.76 1,200.27 950.29
2017-11-30 2,283.07 1,062.26 743.08
2017-08-31 2,282.67 1,362.58 1,129.17
2017-05-31 2,225.74 1,376.69 1,097.89
2017-02-28 2,170.67 1,092.01 774.72
2016-11-30 2,071.72 1,102.21 757.99
2016-08-31 2,032.74 1,120.12 824.57
2016-05-31 1,978.65 1,151.67 913.59
2016-02-29 1,891.47 1,118.79 818.63
2015-11-30 1,918.57 1,154.85 923.15
2015-08-31 1,919.38 1,117.61 1,045.00
2015-05-31 1,909.69 1,139.11 1,007.62
2015-02-28 1,784.53 1,106.13 843.24
2014-11-30 1,706.03 1,250.07 987.58
2014-08-31 1,393.43 1,437.03 1,013.84
2014-05-31 1,342.06 1,417.66 986.34
2014-02-28 1,277.02 1,085.33 614.94
2013-11-30 1,235.61 1,079.32 558.22
2013-08-31 1,248.02 1,077.15 593.97
2013-05-31 1,207.19 1,077.80 662.19
2013-02-28 1,152.38 1,094.52 614.20
2012-11-30 1,122.60 722.22 275.82
2012-08-31 1,132.47 758.01 400.52
2012-05-31 1,065.24 770.91 468.56
  • HELLA GmbH KGaA's level of debt (47.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (85.2% vs 47.4% today).
  • Debt is well covered by operating cash flow (56.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 16.4x coverage).
X
Financial health checks
We assess HELLA GmbH KGaA'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. HELLA GmbH KGaA 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.

Dividends

 What is HELLA GmbH KGaA'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
2.13%
Current annual income from HELLA GmbH KGaA dividends. Estimated to be 2.6% next year.
If you bought €2,000 of HELLA GmbH KGaA shares you are expected to receive €43 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?
  • HELLA GmbH KGaA's pays a higher dividend yield than the bottom 25% of dividend payers in Austria (1.44%).
  • HELLA GmbH KGaA's dividend is below the markets top 25% of dividend payers in Austria (4.62%).
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
WBAG:HLE 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 18 Analyst Estimates (S&P Global) See Below
Europe Auto Components Industry Average Dividend Yield Market Cap Weighted Average of 34 Stocks 3.2%
Austria Market Average Dividend Yield Market Cap Weighted Average of 49 Stocks 3.4%
Austria Minimum Threshold Dividend Yield 10th Percentile 1.1%
Austria Bottom 25% Dividend Yield 25th Percentile 1.4%
Austria Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

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

WBAG:HLE Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-05-31
2022-05-31 1.18 2.00
2021-05-31 1.24 16.00
2020-05-31 1.16 19.00
2019-05-31 1.48 16.00
WBAG:HLE Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2018-08-10 1.050 2.535
2017-08-10 0.920 1.765
2016-08-11 0.770 1.992
2015-08-17 0.770 2.204
2015-08-14 0.770 1.883
2014-11-11 1.110 2.778

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

  • HELLA GmbH KGaA has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • HELLA GmbH KGaA has only been paying a dividend for 4 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of HELLA GmbH KGaA's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.2x coverage).
X
Income/ dividend checks
We assess HELLA GmbH KGaA's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can HELLA GmbH KGaA afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. HELLA GmbH KGaA has a total score of 3/6, 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 HELLA GmbH KGaA'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
Rolf Breidenbach
TENURE AS CEO 1.3 years
CEO Bio

Dr. Rolf Breidenbach has been Member of the Supervisory Board at Dürr Aktiengesellschaft since March 2019. He has been the Chief Executive Officer and President at Hella Kgaa Hueck & Co. of Hella Aglaia Mobile Vision GmbH since January 1, 2018 and serves as its Member of Management Board. Mr. Breidenbach serves as the Chairman of Management Board of Hella Geschäftsführungsgesellschaft mbH. He served as a Managing Director at Hella Kgaa Hueck & Co. He was Member of the Supervisory Board of Dürr AG from January 1, 2018 to May 09, 2018.

CEO Compensation
  • Insufficient data for Rolf to compare compensation growth.
  • Insufficient data for Rolf to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure

Average tenure of the HELLA GmbH KGaA management team in years:

1.3
Average Tenure
  • The average tenure for the HELLA GmbH KGaA management team is less than 2 years, this suggests a new team.
Management Team

Michaela Bittner

TITLE
Secretary & Member of Supervisory Board
COMPENSATION
€20K

Rolf Breidenbach

TITLE
President
TENURE
1.3 yrs

Ulric Schäferbarthold

TITLE
MD for Finance
AGE
48
TENURE
2.4 yrs

Stefan Osterhage

TITLE
MD & Member of Management Board

Frank Huber

TITLE
Member of Management Board
TENURE
1.3 yrs

Werner Benade

TITLE
Executive Officer of Aftermarket & Special Applications and Member of Management Board
TENURE
2 yrs

Nicole Schneider

TITLE
Member of Management Board
TENURE
1.3 yrs

Michaela Schafer

TITLE
Head of Global Purchasing and CEO of Office & Projects

Marco Dobrich

TITLE
Head of Sensors & the Technical Centre

Carsten Roch

TITLE
Head of Assisted & Automated Driving
Board of Directors Tenure

Average tenure of the HELLA GmbH KGaA board of directors in years:

10.3
Average Tenure
  • The average tenure for the HELLA GmbH KGaA board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Michael Hoffmann-Becking

TITLE
Chairman of Supervisory Board
COMPENSATION
€50K
TENURE
15.3 yrs

Alfons Eilers

TITLE
Deputy Chairman of Supervisory Board
COMPENSATION
€30K

Michaela Bittner

TITLE
Secretary & Member of Supervisory Board
COMPENSATION
€20K
TENURE
10.3 yrs

Klaus Kühn

TITLE
Member of Supervisory Board
COMPENSATION
€140K
TENURE
5.3 yrs

Heinrich-Georg Bölter

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

Manuel Cameselle

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

Manuel Frenzel

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

Elisabeth Fries

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

Stephanie Hueck

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

Susanna Hülsbömer

TITLE
Member of Supervisory Board
COMPENSATION
€20K
TENURE
10.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess HELLA GmbH KGaA'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. HELLA GmbH KGaA 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

HELLA GmbH & Co. KGaA, together with its subsidiaries, develops, manufactures, and sells lighting products, and electronic components and systems for automotive industry worldwide. It operates through three segments: Automotive, Aftermarket, and Special Applications. The Automotive segment offers headlamps, rear combination lamps, car body lighting products, interior lights, and radomes; and body electronics, energy management, lighting electronics, and steering solutions, as well as driver assistance systems and components, including sensors and engine compartment actuators. The Aftermarket segment trades in spare parts, wear parts, and accessory parts; and offers workshop equipment, such as vehicle data equipment, and professional diagnostic tools and devices, which enable vehicle repair and maintenance at garages, as well as various services. The Special Applications segment develops, manufactures, and markets lighting technology and electronic products for special vehicles comprising construction equipment, agricultural vehicles, buses, or motorhomes, as well as the marine sector. The company has strategic partnership with AEye, Inc. to deliver sensing and perception solutions for ADAS autonomous driving. The company was formerly known as HELLA KGaA Hueck & Co. and changed its name to HELLA GmbH & Co. KGaA in October 2017. HELLA GmbH & Co. KGaA was founded in 1899 and is headquartered in Lippstadt, Germany.

Details
Name: HELLA GmbH & Co. KGaA
HLE
Exchange: WBAG
Founded: 1899
€5,471,111,154
111,111,112
Website: http://www.hella.com
Address: HELLA GmbH & Co. KGaA
Rixbecker Strasse 75,
Lippstadt,
North Rhine-Westphalia, 59552,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA HLE Limited Partner Shares XETRA Trading Platform DE EUR 11. Nov 2014
OTCPK HLKH.F Limited Partner Shares Pink Sheets LLC US USD 11. Nov 2014
DB HLE Limited Partner Shares Deutsche Boerse AG DE EUR 11. Nov 2014
LSE 0R3U Limited Partner Shares London Stock Exchange GB EUR 11. Nov 2014
SWX HLE Limited Partner Shares SIX Swiss Exchange CH CHF 11. Nov 2014
WBAG HLE Limited Partner Shares Wiener Boerse AG AT EUR 11. Nov 2014
BDL 111856940 Limited Partner Shares Bourse de Luxembourg LU EUR 11. Nov 2014
BATS-CHIXE HLEd Limited Partner Shares BATS 'Chi-X Europe' GB EUR 11. Nov 2014
OTCPK HLLG.Y UNSP ADR EACH REPR 0.50 ORD SHS Pink Sheets LLC US USD 27. May 2016
BST HLEA UNSP ADR EACH REPR 0.50 ORD SHS Boerse-Stuttgart DE EUR 27. May 2016
Number of employees
Current staff
Staff numbers
39,327
HELLA GmbH KGaA employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 22:16
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/04/11
Last earnings reported: 2019/02/28
Last annual earnings reported: 2018/05/31


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.