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HDD

Heidelberger Druckmaschinen WBAG:HDD Stock Report

Last Price

€1.48

Market Cap

€449.5m

7D

5.4%

1Y

-26.6%

Updated

24 Jul, 2022

Data

Company Financials +
HDD fundamental analysis
Snowflake Score
Valuation5/6
Future Growth5/6
Past Performance2/6
Financial Health5/6
Dividends0/6

HDD Stock Overview

Heidelberger Druckmaschinen Aktiengesellschaft, together with its subsidiaries, manufactures, sells, and deals in printing press and other print media industry products in Europe, the Middle East, Africa, Asia/Pacific, Eastern Europe, North America, and South America.

Heidelberger Druckmaschinen Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Heidelberger Druckmaschinen
Historical stock prices
Current Share Price€1.48
52 Week High€3.10
52 Week Low€1.38
Beta2.11
1 Month Change-4.90%
3 Month Change-32.34%
1 Year Change-26.62%
3 Year Change46.33%
5 Year Changen/a
Change since IPO-54.59%

Recent News & Updates

Shareholder Returns

HDDAT MachineryAT Market
7D5.4%3.3%1.3%
1Y-26.6%-26.4%-6.3%

Return vs Industry: HDD matched the Austrian Machinery industry which returned -26.4% over the past year.

Return vs Market: HDD underperformed the Austrian Market which returned -6.3% over the past year.

Price Volatility

Is HDD's price volatile compared to industry and market?
HDD volatility
HDD Average Weekly Movement6.4%
Machinery Industry Average Movement5.7%
Market Average Movement5.1%
10% most volatile stocks in AT Market7.1%
10% least volatile stocks in AT Market3.0%

Stable Share Price: HDD is not significantly more volatile than the rest of Austrian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: HDD's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
185010,173Ludwin Monzhttps://www.heidelberg.com

Heidelberger Druckmaschinen Aktiengesellschaft, together with its subsidiaries, manufactures, sells, and deals in printing press and other print media industry products in Europe, the Middle East, Africa, Asia/Pacific, Eastern Europe, North America, and South America. The company operates through Print Solutions, Packaging Solutions, and Technology Solutions segments. It offers printing machines, including digital, offset, narrow web, screen, and inline-flexo printing, as well as remarketed equipment; and finishing equipment comprising cutting, die-cutting and embossing, folding, inspection, folding carton gluing, hot foil stamping, and shingled folding.

Heidelberger Druckmaschinen Fundamentals Summary

How do Heidelberger Druckmaschinen's earnings and revenue compare to its market cap?
HDD fundamental statistics
Market Cap€449.50m
Earnings (TTM)€33.06m
Revenue (TTM)€2.20b

13.6x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HDD income statement (TTM)
Revenue€2.20b
Cost of Revenue€1.01b
Gross Profit€1.19b
Other Expenses€1.16b
Earnings€33.06m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 10, 2022

Earnings per share (EPS)0.11
Gross Margin53.97%
Net Profit Margin1.50%
Debt/Equity Ratio38.0%

How did HDD perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is HDD undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for HDD?

Other financial metrics that can be useful for relative valuation.

HDD key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.2x
Enterprise Value/EBITDA4.5x
PEG Ratio0.4x

Price to Earnings Ratio vs Peers

How does HDD's PE Ratio compare to its peers?

HDD PE Ratio vs Peers
The above table shows the PE ratio for HDD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average19.2x
SEM Semperit Holding
2.3x-69.3%€405.7m
ANDR Andritz
12.4x6.6%€4.2b
PAL Palfinger
11.4x23.6%€862.8m
ROS Rosenbauer International
50.8x74.6%€218.3m
HDD Heidelberger Druckmaschinen
13.6x34.1%€449.5m

Price-To-Earnings vs Peers: HDD is good value based on its Price-To-Earnings Ratio (13.6x) compared to the peer average (19.2x).


Price to Earnings Ratio vs Industry

How does HDD's PE Ratio compare vs other companies in the European Machinery Industry?

Price-To-Earnings vs Industry: HDD is good value based on its Price-To-Earnings Ratio (13.6x) compared to the European Machinery industry average (15.4x)


Price to Earnings Ratio vs Fair Ratio

What is HDD's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HDD PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.6x
Fair PE Ratio18.6x

Price-To-Earnings vs Fair Ratio: HDD is good value based on its Price-To-Earnings Ratio (13.6x) compared to the estimated Fair Price-To-Earnings Ratio (18.6x).


Share Price vs Fair Value

What is the Fair Price of HDD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: HDD (€1.48) is trading below our estimate of fair value (€7.02)

Significantly Below Fair Value: HDD is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


34.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HDD's forecast earnings growth (34.1% per year) is above the savings rate (0.2%).

Earnings vs Market: HDD's earnings (34.1% per year) are forecast to grow faster than the Austrian market (4.2% per year).

High Growth Earnings: HDD's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: HDD's revenue (3.8% per year) is forecast to grow faster than the Austrian market (1.3% per year).

High Growth Revenue: HDD's revenue (3.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: HDD's Return on Equity is forecast to be high in 3 years time (21.5%)


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Past Performance

How has Heidelberger Druckmaschinen performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-43.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: HDD has a high level of non-cash earnings.

Growing Profit Margin: HDD became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: HDD has become profitable over the past 5 years, growing earnings by -43.5% per year.

Accelerating Growth: HDD has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: HDD has become profitable in the last year, making it difficult to compare its past year earnings growth to the Machinery industry (41%).


Return on Equity

High ROE: HDD's Return on Equity (13.7%) is considered low.


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Financial Health

How is Heidelberger Druckmaschinen's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: HDD's short term assets (€1.2B) exceed its short term liabilities (€879.9M).

Long Term Liabilities: HDD's short term assets (€1.2B) exceed its long term liabilities (€1.1B).


Debt to Equity History and Analysis

Debt Level: HDD has more cash than its total debt.

Reducing Debt: HDD's debt to equity ratio has reduced from 136.1% to 38% over the past 5 years.

Debt Coverage: HDD's debt is well covered by operating cash flow (55.8%).

Interest Coverage: HDD's interest payments on its debt are not well covered by EBIT (1.3x coverage).


Balance Sheet


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Dividend

What is Heidelberger Druckmaschinen current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

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


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as HDD has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

0.8yrs

Average management tenure


CEO

Ludwin Monz (59 yo)

0.25

Tenure

Dr. Ludwin Monz, Ph D., M.B.A. has been the Chairman of Management Board at Carl Zeiss Meditec AG since October 8, 2007. Dr. Monz serves as Chief Executive Officer at Heidelberger Druckmaschinen Aktiengese...


Leadership Team

Experienced Management: HDD's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: HDD's board of directors are considered experienced (4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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.


Top Shareholders

Company Information

Heidelberger Druckmaschinen Aktiengesellschaft's employee growth, exchange listings and data sources


Key Information

  • Name: Heidelberger Druckmaschinen Aktiengesellschaft
  • Ticker: HDD
  • Exchange: WBAG
  • Founded: 1850
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Implied Market Cap: €449.505m
  • Shares outstanding: 304.34m
  • Website: https://www.heidelberg.com

Number of Employees


Location

  • Heidelberger Druckmaschinen Aktiengesellschaft
  • Kurfürsten-Anlage 52-60
  • Heidelberg
  • Baden-Württemberg
  • 69115
  • Germany

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/24 00:00
End of Day Share Price2022/07/22 00:00
Earnings2022/03/31
Annual Earnings2022/03/31


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.