WBAG:STA

Stock Analysis Report

Executive Summary

Stabilus S.A., together with its subsidiaries, manufactures and sells gas springs and dampers, and electric tailgate opening and closing equipment in Europe, NAFTA, the Asia/Pacific, and internationally.


Snowflake Analysis

Good value with adequate balance sheet.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

1.8%

STA

7.1%

AT Machinery

3.9%

AT Market


1 Year Return

-26.1%

STA

-29.6%

AT Machinery

-31.5%

AT Market

Return vs Industry: STA exceeded the Austrian Machinery industry which returned -30.2% over the past year.

Return vs Market: STA exceeded the Austrian Market which returned -30.5% over the past year.


Shareholder returns

STAIndustryMarket
7 Day1.8%7.1%3.9%
30 Day-33.3%-16.6%-24.3%
90 Day-46.6%-30.8%-33.5%
1 Year-24.6%-26.1%-28.2%-29.6%-29.1%-31.5%
3 Yearn/a-42.6%-47.0%-16.8%-24.3%
5 Yearn/a-44.8%-52.5%0.7%-13.4%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: STA (€32.34) is trading below our estimate of fair value (€78.94)

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


Price To Earnings Ratio

PE vs Industry: STA is good value based on its PE Ratio (10.1x) compared to the Machinery industry average (12.6x).

PE vs Market: STA is good value based on its PE Ratio (10.1x) compared to the Austrian market (11.4x).


Price to Earnings Growth Ratio

PEG Ratio: STA is poor value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: STA is overvalued based on its PB Ratio (1.6x) compared to the AT Machinery industry average (0.9x).


Next Steps

Future Growth

How is Stabilus forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

9.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: STA's forecast earnings growth (9.9% per year) is above the savings rate (-0.1%).

Earnings vs Market: STA's earnings (9.9% per year) are forecast to grow slower than the Austrian market (10.4% per year).

High Growth Earnings: STA's earnings are forecast to grow, but not significantly.

Revenue vs Market: STA's revenue (4.4% per year) is forecast to grow faster than the Austrian market (2.1% per year).

High Growth Revenue: STA's revenue (4.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: STA's Return on Equity is forecast to be low in 3 years time (15.2%).


Next Steps

Past Performance

How has Stabilus performed over the past 5 years?

29.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: STA has high quality earnings.

Growing Profit Margin: STA's current net profit margins (8.3%) are lower than last year (10.6%).


Past Earnings Growth Analysis

Earnings Trend: STA's earnings have grown significantly by 29% per year over the past 5 years.

Accelerating Growth: STA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: STA had negative earnings growth (-22%) over the past year, making it difficult to compare to the Machinery industry average (-5%).


Return on Equity

High ROE: STA's Return on Equity (15.6%) is considered low.


Next Steps

Financial Health

How is Stabilus's financial position?


Financial Position Analysis

Short Term Liabilities: STA's short term assets (€388.0M) exceed its short term liabilities (€155.0M).

Long Term Liabilities: STA's short term assets (€388.0M) do not cover its long term liabilities (€462.3M).


Debt to Equity History and Analysis

Debt Level: STA's debt to equity ratio (60.8%) is considered high.

Reducing Debt: STA's debt to equity ratio has reduced from 334.9% to 60.8% over the past 5 years.

Debt Coverage: STA's debt is well covered by operating cash flow (45.3%).

Interest Coverage: STA's interest payments on its debt are well covered by EBIT (11.6x coverage).


Balance Sheet

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

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


Next Steps

Dividend

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

3.40%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: STA's dividend (3.4%) is higher than the bottom 25% of dividend payers in the Austrian market (1.95%).

High Dividend: STA's dividend (3.4%) is low compared to the top 25% of dividend payers in the Austrian market (6.32%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, STA has been paying a dividend for less than 10 years.

Growing Dividend: STA's dividend payments have increased, but the company has only paid a dividend for 3 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (34.3%), STA's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: STA's dividends in 3 years are forecast to be well covered by earnings (26.8% payout ratio).


Next Steps

Management

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

4.2yrs

Average management tenure


CEO

Michael Büchsner (44yo)

0.67

Tenure

Dr. Michael Büchsner serves as Chief Executive Officer at Stabilus GmbH since October 2019. Dr. Büchsner has been the Chief Executive Officer of Stabilus S.A. since July 31, 2019 and serves as its Member o ...


Leadership Team

NamePositionTenureCompensationOwnership
Michael Büchsner
CEO & Member of Management Board0.67yrno datano data
Mark Wilhelms
CFO & Member of Management Board6.17yrsno datano data
Andreas Schröder
Group Financial Reporting Director & Member of Management Board6.17yrsno datano data
Johannes Pink
Vice President of Global Operationsno datano datano data
Andreas Sievers
Director of Group Accounting & Strategic Finance Projects and Member of Management Board4.17yrsno datano data
Markus Schädlich
Head of Asia/Pacific & Rest of World Region and Member of Management Board1.67yrsno datano data
Martina Widmer
Vice President of Global Human Resourceno datano datano data
Joong-Ho Lee
Country Head of Koreano datano datano data
Michael Hinck
Country Head of Japanno datano datano data
Xuefeng Tian
Country Head of Chinano datano datano data

4.2yrs

Average Tenure

49yo

Average Age

Experienced Management: STA's management team is considered experienced (4.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Stephan Josef Kessel
Chairman of the Supervisory Board2.17yrsno datano data
Joachim Rauhut
Member of Supervisory Board4.83yrsno datano data
Ralf-Michael Fuchs
Member of Supervisory Board4.42yrsno datano data
Dirk Linzmeier
Member of the Supervisory Board2yrsno datano data

3.3yrs

Average Tenure

63yo

Average Age

Experienced Board: STA's board of directors are considered experienced (3.3 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

Stabilus S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Stabilus S.A.
  • Ticker: STA
  • Exchange: WBAG
  • Founded: 1934
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: €800.280m
  • Shares outstanding: 24.70m
  • Website: https://www.stabilus.com

Number of Employees


Location

  • Stabilus S.A.
  • 2, rue Albert Borschette
  • Luxembourg
  • 1246
  • Luxembourg

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
STMDB (Deutsche Boerse AG)YesBearer SharesDEEURMay 2014
STMXTRA (XETRA Trading Platform)YesBearer SharesDEEURMay 2014
0QULLSE (London Stock Exchange)YesBearer SharesGBEURMay 2014
STMdBATS-CHIXE (BATS 'Chi-X Europe')YesBearer SharesGBEURMay 2014
STA NBMV (Bolsa Mexicana de Valores)YesBearer SharesMXMXNMay 2014
STAWBAG (Wiener Boerse AG)YesBearer SharesATEURMay 2014
STM-UETLX (Eurotlx)YesBearer SharesITEURMay 2014
SIUA.FOTCPK (Pink Sheets LLC)YesBearer SharesUSUSDMay 2014
SBLU.YOTCPK (Pink Sheets LLC)UNSPONSRED ADSUSUSDJul 2019

Biography

Stabilus S.A., together with its subsidiaries, manufactures and sells gas springs and dampers, and electric tailgate opening and closing equipment in Europe, NAFTA, the Asia/Pacific, and internationally. The company offers non-locking, locking, and swivel chair gas springs; motion and vibration dampers; and electric motor drives and CAD-configurators, as well as services and spare parts. Its products are used in automotive, furniture, swivel chair, medical and rehabilitation technology, transportation and traffic, RV and motorhome, agricultural and construction machinery, other commercial vehicle, and machine construction applications, as well as other applications, including leisure, house and building technology, sales and cooling counters, kiosks, and automotive overrun brakes. The company was formerly known as Servus HoldCo S.à r.l. and changed its name to Stabilus S.A. in May 2014. Stabilus S.A. was founded in 1934 and is based in Luxembourg. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/30 23:45
End of Day Share Price2020/03/30 00:00
Earnings2019/12/31
Annual Earnings2019/09/30


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.