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SAF-Holland

WBAG:SFQ
Snowflake Description

Established dividend payer with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SFQ
WBAG
€523M
Market Cap
  1. Home
  2. AT
  3. Automobiles
Company description

SAF-Holland S.A. manufactures and supplies chassis-related systems and components for trucks, trailers, semi-trailers, buses, and recreational vehicles. The last earnings update was 27 days ago. More info.


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SFQ Share Price and Events
7 Day Returns
7.8%
WBAG:SFQ
6.9%
Europe Auto Components
3.4%
AT Market
1 Year Returns
-32.8%
WBAG:SFQ
-21.7%
Europe Auto Components
-2%
AT Market
SFQ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
SAF-Holland (SFQ) 7.8% 13.4% 9.9% -32.8% - -
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
  • SFQ underperformed the Auto Components industry which returned -21.7% over the past year.
  • SFQ underperformed the Market in Austria which returned -2% over the past year.
Price Volatility
SFQ
Industry
5yr Volatility vs Market
Related Companies

Value

 Is SAF-Holland 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 SAF-Holland 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 SAF-Holland.

WBAG:SFQ Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 12 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.5%
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:SFQ
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- 26.01%) (71.41%))
1.515
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.52
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.51% + (1.515 * 5.96%)
9.54%

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

The calculations below outline how an intrinsic value for SAF-Holland 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:SFQ DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 9.54%)
2019 20.17 Analyst x6 18.41
2020 30.88 Analyst x8 25.73
2021 44.46 Analyst x5 33.83
2022 55.76 Est @ 25.42% 38.73
2023 65.77 Est @ 17.94% 41.70
2024 74.13 Est @ 12.71% 42.91
2025 80.84 Est @ 9.05% 42.72
2026 86.08 Est @ 6.49% 41.53
2027 90.13 Est @ 4.7% 39.69
2028 93.23 Est @ 3.44% 37.48
Present value of next 10 years cash flows €362.72
WBAG:SFQ DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €93.23 × (1 + 0.51%) ÷ (9.54% – 0.51%)
€1,037.66
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €1,037.66 ÷ (1 + 9.54%)10
€417.18
WBAG:SFQ Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €362.72 + €417.18
€779.90
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €779.90 / 45.39
€17.18
WBAG:SFQ Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in WBAG:SFQ represents 1.00173x of DB:SFQ
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00173x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 17.18 x 1.00173
€17.21
Value per share (EUR) From above. €17.21
Current discount Discount to share price of €11.53
= -1 x (€11.53 - €17.21) / €17.21
33%

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

Current Discount
Amount off the current price SAF-Holland is available for.
Intrinsic value
33%
Share price is €11.53 vs Future cash flow value of €17.21
Current Discount Checks
For SAF-Holland to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • SAF-Holland's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • SAF-Holland'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 SAF-Holland's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are SAF-Holland's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WBAG:SFQ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €1.06
DB:SFQ Share Price ** DB (2019-04-18) in EUR €11.51
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 SAF-Holland.

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

= DB:SFQ Share Price ÷ EPS (both in EUR)

= 11.51 ÷ 1.06

10.85x

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

  • SAF-Holland is good value based on earnings compared to the Europe Auto Components industry average.
  • SAF-Holland is good value based on earnings compared to the Austria market.
Price based on expected Growth
Does SAF-Holland's expected growth come at a high price?
Raw Data
WBAG:SFQ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.85x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts
9.2%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:SFQ PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.85x ÷ 9.2%

1.18x

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

  • SAF-Holland is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on SAF-Holland's assets?
Raw Data
WBAG:SFQ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €7.08
DB:SFQ Share Price * DB (2019-04-18) in EUR €11.51
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:SFQ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= DB:SFQ Share Price ÷ Book Value per Share (both in EUR)

= 11.51 ÷ 7.08

1.63x

* Primary Listing of SAF-Holland.

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

  • SAF-Holland is overvalued based on assets compared to the Europe Auto Components industry average.
X
Value checks
We assess SAF-Holland'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. SAF-Holland has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

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

Future Performance

 How is SAF-Holland expected to perform in the next 1 to 3 years based on estimates from 12 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
9.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is SAF-Holland expected to grow at an attractive rate?
  • SAF-Holland's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • SAF-Holland's earnings growth is expected to exceed the Austria market average.
  • SAF-Holland's revenue growth is positive but not above the Austria market average.
Annual Growth Rates Comparison
Raw Data
WBAG:SFQ Future Growth Rates Data Sources
Data Point Source Value (per year)
WBAG:SFQ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts 9.2%
WBAG:SFQ Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts 2.5%
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:SFQ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WBAG:SFQ Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 1,499 40 3
2022-12-31 1,464 39 3
2021-12-31 1,401 100 63 10
2020-12-31 1,360 94 59 12
2019-12-31 1,363 87 54 11
WBAG:SFQ Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 1,301 41 48
2018-09-30 1,255 0 49
2018-06-30 1,192 20 41
2018-03-31 1,146 44 41
2017-12-31 1,139 57 43
2017-09-30 1,117 62 39
2017-06-30 1,096 69 42
2017-03-31 1,069 64 45
2016-12-31 1,042 93 44
2016-09-30 1,033 87 46
2016-06-30 1,036 89 47
2016-03-31 1,050 82 45

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • SAF-Holland's earnings are expected to grow by 9.2% yearly, however this is not considered high growth (20% yearly).
  • SAF-Holland's revenue is expected to grow by 2.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
WBAG:SFQ 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 12 Analyst Estimates (S&P Global) See Below

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

WBAG:SFQ Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 1.39 1.55 1.19 9.00
2020-12-31 1.24 1.41 0.98 11.00
2019-12-31 1.16 1.27 1.09 11.00
WBAG:SFQ Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 1.06
2018-09-30 1.08
2018-06-30 0.91
2018-03-31 0.91
2017-12-31 0.95
2017-09-30 0.85
2017-06-30 0.93
2017-03-31 0.98
2016-12-31 0.98
2016-09-30 1.02
2016-06-30 1.04
2016-03-31 0.99

*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.
  • SAF-Holland is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess SAF-Holland'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.
SAF-Holland has a total score of 2/6, 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 SAF-Holland 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 SAF-Holland'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.
  • SAF-Holland's year on year earnings growth rate has been positive over the past 5 years.
  • SAF-Holland's 1-year earnings growth exceeds its 5-year average (12.3% vs 7.6%)
  • SAF-Holland's earnings growth has exceeded the Europe Auto Components industry average in the past year (12.3% vs -0.9%).
Earnings and Revenue History
SAF-Holland'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 SAF-Holland Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:SFQ Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,300.56 48.15 112.04 19.38
2018-09-30 1,255.08 48.87 114.02 20.01
2018-06-30 1,191.61 41.16 112.86 19.48
2018-03-31 1,146.47 41.33 112.43 19.66
2017-12-31 1,138.93 42.89 115.04 20.00
2017-09-30 1,117.26 38.78 110.15 20.80
2017-06-30 1,095.98 41.99 108.04 21.43
2017-03-31 1,069.39 44.53 106.82 20.34
2016-12-31 1,042.00 44.23 103.31 19.69
2016-09-30 1,032.62 46.37 106.27 20.48
2016-06-30 1,035.61 47.35 106.24 19.72
2016-03-31 1,049.63 44.91 107.25 20.58
2015-12-31 1,060.70 51.63 105.18 20.92
2015-09-30 1,053.68 45.94 105.55 19.56
2015-06-30 1,036.46 45.30 105.12 20.42
2015-03-31 995.40 42.31 101.64 20.23
2014-12-31 959.68 32.64 100.19 19.48
2014-09-30 925.86 35.02 96.73 18.42
2014-06-30 903.42 28.93 94.85 18.17
2014-03-31 882.25 25.52 91.77 17.83
2013-12-31 857.02 24.37 90.41 17.92
2013-09-30 856.80 8.78 89.77 18.28
2013-06-30 854.82 8.63 89.85 18.39
2013-03-31 853.01 10.68 91.03 18.26
2012-12-31 859.58 7.42 91.24 17.69
2012-09-30 861.76 21.66 93.04 17.68
2012-06-30 853.73 24.05 90.65 16.62

*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.
  • SAF-Holland has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • SAF-Holland used its assets more efficiently than the Europe Auto Components industry average last year based on Return on Assets.
  • SAF-Holland's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess SAF-Holland'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.
SAF-Holland has a total score of 4/6, see the detailed checks below.

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

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

Health

 How is SAF-Holland'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 SAF-Holland's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • SAF-Holland is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • SAF-Holland's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of SAF-Holland'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 1.4x 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 SAF-Holland Company Filings, last reported 3 months ago.

WBAG:SFQ Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 332.55 373.44 156.51
2018-09-30 314.53 368.63 101.15
2018-06-30 306.97 369.12 123.12
2018-03-31 303.78 444.81 302.23
2017-12-31 300.98 444.06 337.16
2017-09-30 294.83 441.82 313.79
2017-06-30 292.37 439.48 304.57
2017-03-31 315.87 444.16 327.04
2016-12-31 304.89 443.25 345.54
2016-09-30 295.81 436.57 325.99
2016-06-30 287.79 433.98 294.15
2016-03-31 293.79 387.89 276.36
2015-12-31 287.80 385.17 263.83
2015-09-30 271.84 183.72 31.90
2015-06-30 272.13 192.54 25.20
2015-03-31 277.56 186.60 38.68
2014-12-31 248.60 183.51 44.17
2014-09-30 252.08 182.57 32.22
2014-06-30 231.55 173.35 19.01
2014-03-31 231.85 156.99 17.80
2013-12-31 222.19 149.31 23.86
2013-09-30 211.01 155.43 23.04
2013-06-30 209.35 150.33 18.72
2013-03-31 208.13 148.86 7.41
2012-12-31 197.86 161.36 18.58
2012-09-30 211.37 173.57 14.67
2012-06-30 207.71 185.39 21.35
  • SAF-Holland's level of debt (112.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (67.2% vs 112.3% today).
  • Debt is not well covered by operating cash flow (10.9%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 8x coverage).
X
Financial health checks
We assess SAF-Holland'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. SAF-Holland has a total score of 3/6, 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 SAF-Holland'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
3.91%
Current annual income from SAF-Holland dividends. Estimated to be 4.82% next year.
If you bought €2,000 of SAF-Holland shares you are expected to receive €78 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?
  • SAF-Holland's pays a higher dividend yield than the bottom 25% of dividend payers in Austria (1.44%).
  • SAF-Holland's dividend is below the markets top 25% of dividend payers in Austria (4.62%).
Upcoming dividend payment

Purchase SAF-Holland before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:SFQ 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 12 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:SFQ Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.60 9.00
2020-12-31 0.56 12.00
2019-12-31 0.52 12.00
WBAG:SFQ Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-22 0.450 4.292
2018-03-16 0.450 3.486
2017-03-17 0.440 2.674
2016-03-11 0.400 3.439
2015-03-12 0.320 2.493
2014-03-13 0.270 2.433
2009-11-19 0.000 0.000
2009-10-30 0.000 0.000
2009-08-26 0.000 0.000
2009-08-25 0.000 0.000
2009-05-28 0.000 0.000
2009-04-30 0.000 0.000
2009-04-28 0.000 0.000
2009-04-27 0.000 0.000
2009-04-20 0.425 18.737

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of SAF-Holland's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.5x coverage).
X
Income/ dividend checks
We assess SAF-Holland'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 SAF-Holland afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. SAF-Holland has a total score of 5/6, 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 SAF-Holland'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
Alexander Geis
TENURE AS CEO 0.2 years
CEO Bio

Mr. Alexander Geis has been President of Region EMEA/I at Saf-Holland SA since January 1, 2016 and has been its Member of Management Board since July 1, 2011. Mr. Geis serves as Chief Executive Officer of SAF-Holland S.A. since February 25, 2019 and as its Chairman of Management Board since February 26, 2019 . Mr. Geis has been Chief Procurement Officer of SAF-Holland S.A. since December 17, 2018. He serves as Managing Director of SAF-Holland GmbH. He served as the President of Aftermarket Business Unit at Saf-Holland SA since July 1, 2011 until January 1, 2016. Mr. Geis is responsible for the strategic and operative alignment of the global spare parts business. His professional career at SAF-HOLLAND began in 1995 in the sales area. In the following years Mr. Geis took on various tasks and responsibilities with a continuous growth in responsibility in the Company. These included Sales Director Foreign Markets and Director Spare Parts as well as a Vice President and most recently, President of the Aftermarket Business Unit. Mr. Geis holds an MBA from the University of Maryland, USA.

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

Average tenure of the SAF-Holland management team in years:

1.2
Average Tenure
  • The average tenure for the SAF-Holland management team is less than 2 years, this suggests a new team.
Management Team

Alexander Geis

TITLE
CEO, Chief Procurement Officer
TENURE
0.2 yrs

Matthias Heiden

TITLE
CFO & Member of Management Board
AGE
44
TENURE
2.1 yrs

Steffen Schewerda

TITLE
President of Americas Region & Member of Management Board
TENURE
11.8 yrs

Guoxin Mao

TITLE
President of Region China & Member of Management Board
TENURE
2.7 yrs

André Philipp

TITLE
COO & Member of Management Board
TENURE
0.3 yrs

Mike Ginocchio

TITLE
President APAC region & Member of Management Board
TENURE
0.3 yrs

Stephan Haas

TITLE
Vice President of Investor Relations & Corporate Communications

Ivan Radinov

TITLE
Managing Director of SAF Trade BG

Cristóbal Pérez

TITLE
Managing Director of SAF ESPAÑA

Alexander Nikitan

TITLE
Managing Director of SAF UKRAINE
Board of Directors Tenure

Average tenure and age of the SAF-Holland board of directors in years:

2
Average Tenure
56
Average Age
  • The average tenure for the SAF-Holland board of directors is less than 3 years, this suggests a new board.
Board of Directors

Martina Merz

TITLE
Chairwoman
AGE
55
TENURE
2 yrs

Martin Kleinschmitt

TITLE
Vice Chairman of the Board
AGE
57
TENURE
2 yrs

Jack Gisinger

TITLE
Director
AGE
70
TENURE
2 yrs

Anja Kleyboldt

TITLE
Director
TENURE
7 yrs

Carsten Reinhardt

TITLE
Director
AGE
51
TENURE
2 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 SAF-Holland'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. SAF-Holland 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

SAF-Holland S.A. manufactures and supplies chassis-related systems and components for trucks, trailers, semi-trailers, buses, and recreational vehicles. It offers axle and suspension systems, fifth wheels, kingpins, and landing gears under the SAF, Holland, Neway, KLL, Corpco, V.Orlandi, and York brands. The company also provides coupling devices and spare parts. It serves original equipment manufacturers. The company has operations in Europe, the Middle East, Africa, the Americas, the Asia Pacific, and China. SAF-Holland S.A. was founded in 1881 and is headquartered in Luxembourg City, Luxembourg.

Details
Name: SAF-Holland S.A.
SFQ
Exchange: WBAG
Founded: 1881
€522,942,359
45,394,302
Website: http://www.safholland.com
Address: SAF-Holland S.A.
68-70, Boulevard de la Petrusse,
Luxembourg City,
2320,
Luxembourg
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
DB SFQ Ordinary Bearer Shares Deutsche Boerse AG DE EUR 26. Jul 2007
OTCPK SFHL.F Ordinary Bearer Shares Pink Sheets LLC US USD 26. Jul 2007
XTRA SFQ Ordinary Bearer Shares XETRA Trading Platform DE EUR 26. Jul 2007
LSE 0O4N Ordinary Bearer Shares London Stock Exchange GB EUR 26. Jul 2007
SWX SFQ Ordinary Bearer Shares SIX Swiss Exchange CH CHF 26. Jul 2007
WBAG SFQ Ordinary Bearer Shares Wiener Boerse AG AT EUR 26. Jul 2007
BATS-CHIXE SFQD Ordinary Bearer Shares BATS 'Chi-X Europe' GB EUR 26. Jul 2007
Number of employees
Current staff
Staff numbers
4,470
SAF-Holland employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 22:07
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/18
Last earnings filing: 2019/03/22
Last earnings reported: 2018/12/31
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.