WBAG:ZIL2

Stock Analysis Report

Executive Summary

ElringKlinger AG develops, manufactures, and distributes technical and chemical products for the automotive sector and the general manufacturing industry worldwide.

Snowflake

Reasonable growth potential with mediocre balance sheet.


Similar Companies

Honeywell International

NYSE:HON

Share Price & News

How has ElringKlinger's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ZIL2's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

13.1%

ZIL2

-2.2%

AT Auto Components

-0.6%

AT Market


1 Year Return

13.5%

ZIL2

7.3%

AT Auto Components

2.0%

AT Market

Return vs Industry: ZIL2 exceeded the Austrian Auto Components industry which returned 7.3% over the past year.

Return vs Market: ZIL2 exceeded the Austrian Market which returned 2% over the past year.


Shareholder returns

ZIL2IndustryMarket
7 Day13.1%-2.2%-0.6%
30 Day26.2%8.1%3.0%
90 Day84.7%23.0%6.7%
1 Year13.5%13.5%11.3%7.3%5.7%2.0%
3 Yearn/a-1.6%-9.7%46.0%32.8%
5 Yearn/a24.5%10.2%65.2%42.0%

Price Volatility Vs. Market

How volatile is ElringKlinger's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is ElringKlinger undervalued compared to its fair value and its price relative to the market?

0.61x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: ZIL2 (€8.18) is trading above our estimate of fair value (€6.57)

Significantly Below Fair Value: ZIL2 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ZIL2 is unprofitable, so we can't compare its PE Ratio to the Auto Components industry average.

PE vs Market: ZIL2 is unprofitable, so we can't compare its PE Ratio to the Austrian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ZIL2's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ZIL2 is good value based on its PB Ratio (0.6x) compared to the XE Auto Components industry average (1.2x).


Next Steps

Future Growth

How is ElringKlinger forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

49.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ZIL2 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.5%).

Earnings vs Market: ZIL2 is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: ZIL2's is expected to become profitable in the next 3 years.

Revenue vs Market: ZIL2's revenue (3.6% per year) is forecast to grow faster than the Austrian market (2.7% per year).

High Growth Revenue: ZIL2's revenue (3.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ZIL2's Return on Equity is forecast to be low in 3 years time (4.5%).


Next Steps

Past Performance

How has ElringKlinger performed over the past 5 years?

-27.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ZIL2 has large one-off items impacting its financial results.

Growing Profit Margin: ZIL2's current net profit margins (-0.3%) are lower than last year (3.3%).


Past Earnings Growth Analysis

Earnings Trend: ZIL2 is unprofitable, and losses have increased over the past 5 years at a rate of -27.1% per year.

Accelerating Growth: Unable to compare ZIL2's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ZIL2 is unprofitable, making it difficult to compare its past year earnings growth to the Auto Components industry (-8.3%).


Return on Equity

High ROE: ZIL2 has a negative Return on Equity (-0.31%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is ElringKlinger's financial position?


Financial Position Analysis

Short Term Liabilities: ZIL2's short term assets (€884.8M) exceeds its short term liabilities (€556.5M)

Long Term Liabilities: ZIL2's short term assets (884.8M) exceeds its long term liabilities (747.2M)


Debt to Equity History and Analysis

Debt Level: ZIL2's debt to equity ratio (82.4%) is considered high

Reducing Debt: ZIL2's debt to equity ratio has increased from 51.6% to 82.4% over the past 5 years.

Debt Coverage: ZIL2's debt is well covered by operating cash flow (32.6%).

Interest Coverage: ZIL2 is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet

Inventory Level: ZIL2 has a high level of physical assets or inventory.

Debt Coverage by Assets: ZIL2's debt is covered by short term assets (assets are 1.2x debt).


Next Steps

Dividend

What is ElringKlinger's current dividend yield, its reliability and sustainability?

1.16%

Forecast Dividend Yield


Dividend Yield vs Market

company0%marketbottom25%1.7%markettop25%4.3%industryaverage3.4%forecastin3Years1.2%

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate ZIL2's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate ZIL2's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ZIL2's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ZIL2's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: ZIL2 is not paying a notable dividend for the Austrian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ZIL2's dividend in 3 years as they are not forecast to pay a notable one for the Austrian market.


Next Steps

Management

What is the CEO of ElringKlinger's salary, the management and board of directors tenure and is there insider trading?

13.7yrs

Average management tenure


CEO

Stefan Wolf (58yo)

13.7yrs

Tenure

€1,862,000

Compensation

Dr. Stefan Wolf has been Chairman of the Management Board and Chief Executive Officer of Elringklinger AG since March 2006. Dr. Wolf has been a Member of Management Board at Elringklinger Ag since January  ...


CEO Compensation Analysis

Compensation vs Market: Stefan's total compensation ($USD2.06M) is above average for companies of similar size in the Austrian market ($USD964.71K).

Compensation vs Earnings: Stefan's compensation has been consistent with company performance over the past year.


Management Age and Tenure

13.7yrs

Average Tenure

53.5yo

Average Age

Experienced Management: ZIL2's management team is seasoned and experienced (13.7 years average tenure).


Board Age and Tenure

6.5yrs

Average Tenure

58yo

Average Age

Experienced Board: ZIL2's board of directors are considered experienced (6.5 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Manfred Strauß (48yo)

    MD & Member of the Supervisory Board

    • Tenure: 23.8yrs
    • Compensation: €54.00k
  • Stefan Wolf (58yo)

    Chairman of the Management Board & CEO

    • Tenure: 13.7yrs
    • Compensation: €1.86m
  • Theo Becker (60yo)

    CTO & Member of the Management Board

    • Tenure: 13.8yrs
    • Compensation: €1.36m
  • Armin Diez (57yo)

    Director of Battery Technology/E-Mobility Div & New Business Areas and Supervisory Board Member

    • Tenure: 9.5yrs
    • Compensation: €50.00k
  • Thomas Jessulat (50yo)

    CFO & Member of Management Board

    • Tenure: 3.8yrs
    • Compensation: €1.06m
  • Olav Hahn

    Head of Supplier Development & Central Quality Management

    • Tenure: 0yrs
  • Carolin Junk

    Head of Corporate Human Resources

    • Tenure: 0yrs
  • Joe Liu

    Head of Independent Aftermarket

    • Tenure: 0yrs
  • Reiner Drews (50yo)

    COO & Member of Management Board

    • Tenure: 0yrs
    • Compensation: €828.93k
  • Jurgen Weingartner

    Head of Technical Service

    • Tenure: 0yrs

Board Members

  • Klaus Eberhardt (71yo)

    Chairman of the Supervisory Board

    • Tenure: 2.5yrs
    • Compensation: €112.00k
  • Markus Siegers (48yo)

    Deputy Chairman of the Supervisory Board

    • Tenure: 2.5yrs
    • Compensation: €77.00k
  • Manfred Strauß (48yo)

    MD & Member of the Supervisory Board

    • Tenure: 23.8yrs
    • Compensation: €54.00k
  • Hans-Ulrich Sachs (67yo)

    Member of the Supervisory Board

    • Tenure: 7.5yrs
    • Compensation: €46.00k
  • Rita Forst (64yo)

    Member of Supervisory Board

    • Tenure: 4.5yrs
    • Compensation: €46.00k
  • Armin Diez (57yo)

    Director of Battery Technology/E-Mobility Div & New Business Areas and Supervisory Board Member

    • Tenure: 9.5yrs
    • Compensation: €50.00k
  • Paula Maria de Monteiro-Munz (50yo)

    Employee Representative Member of the Supervisory Board

    • Tenure: 9.5yrs
    • Compensation: €50.00k
  • Pasquale Formisano (62yo)

    Employee Representative Member of the Supervisory Board

    • Tenure: 9.5yrs
    • Compensation: €46.00k
  • Gabriele Sons (59yo)

    Member of Supervisory Board

    • Tenure: 5.5yrs
    • Compensation: €54.00k
  • Nadine Boguslawski (42yo)

    Employee Representative Member of the Supervisory Board

    • Tenure: 4.5yrs
    • Compensation: €45.00k

Company Information

ElringKlinger AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: ElringKlinger AG
  • Ticker: ZIL2
  • Exchange: WBAG
  • Founded: 1879
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Market Cap: €521.453m
  • Shares outstanding: 63.36m
  • Website: https://www.elringklinger.com

Number of Employees


Location

  • ElringKlinger AG
  • Max-Eyth-Strasse 2
  • Dettingen an der Erms
  • Baden-Württemberg
  • 72581
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EGKL.FOTCPK (Pink Sheets LLC)YesRegistered SharesUSUSDJan 1992
ZIL2DB (Deutsche Boerse AG)YesRegistered SharesDEEURJan 1992
ZIL2XTRA (XETRA Trading Platform)YesRegistered SharesDEEURJan 1992
0MG5LSE (London Stock Exchange)YesRegistered SharesGBEURJan 1992
ZIL2DBATS-CHIXE (BATS 'Chi-X Europe')YesRegistered SharesGBEURJan 1992
ZIL2SWX (SIX Swiss Exchange)YesRegistered SharesCHCHFJan 1992
ZIL2WBAG (Wiener Boerse AG)YesRegistered SharesATEURJan 1992

Biography

ElringKlinger AG develops, manufactures, and distributes technical and chemical products for the automotive sector and the general manufacturing industry worldwide. It operates through five segments: Origi ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/16 21:23
End of Day Share Price2019/11/15 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.