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Market Cap

€362.4m

Last Updated

2021/05/11 03:43 UTC

Data Sources

Company Financials +

Executive Summary

Zumtobel Group AG operates in the lighting industry worldwide. More Details


Snowflake Analysis

Excellent balance sheet and fair value.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: ZAG is more volatile than 75% of Austrian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: ZAG's weekly volatility (5%) has been stable over the past year, but is still higher than 75% of Austrian stocks.


Market Performance


7 Day Return

-0.6%

ZAG

-1.9%

AT Electrical

3.0%

AT Market


1 Year Return

46.6%

ZAG

71.1%

AT Electrical

46.2%

AT Market

Return vs Industry: ZAG underperformed the Austrian Electrical industry which returned 71.1% over the past year.

Return vs Market: ZAG matched the Austrian Market which returned 46.2% over the past year.


Shareholder returns

ZAGIndustryMarket
7 Day-0.6%-1.9%3.0%
30 Day-6.4%-4.2%5.8%
90 Day29.0%-1.4%7.9%
1 Year48.9%46.6%73.9%71.1%51.0%46.2%
3 Year13.1%11.4%72.4%60.2%16.2%6.1%
5 Year-27.9%-31.0%119.1%89.0%88.1%62.0%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

34.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ZAG (€8.4) is trading below our estimate of fair value (€12.79)

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


Price To Earnings Ratio

PE vs Industry: ZAG is poor value based on its PE Ratio (59.3x) compared to the European Electrical industry average (31.4x).

PE vs Market: ZAG is poor value based on its PE Ratio (59.3x) compared to the Austrian market (21.9x).


Price to Earnings Growth Ratio

PEG Ratio: ZAG is poor value based on its PEG Ratio (2x)


Price to Book Ratio

PB vs Industry: ZAG is good value based on its PB Ratio (1.3x) compared to the XE Electrical industry average (3.3x).


Future Growth

How is Zumtobel Group forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

30.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ZAG's forecast earnings growth (30.2% per year) is above the savings rate (0.3%).

Earnings vs Market: ZAG's earnings (30.2% per year) are forecast to grow faster than the Austrian market (21.7% per year).

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

Revenue vs Market: ZAG's revenue (1.8% per year) is forecast to grow slower than the Austrian market (5.5% per year).

High Growth Revenue: ZAG's revenue (1.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ZAG's Return on Equity is forecast to be low in 3 years time (8.6%).


Past Performance

How has Zumtobel Group performed over the past 5 years?

-19.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ZAG has a large one-off loss of €10.5M impacting its January 31 2021 financial results.

Growing Profit Margin: ZAG's current net profit margins (0.6%) are lower than last year (1.1%).


Past Earnings Growth Analysis

Earnings Trend: ZAG has become profitable over the past 5 years, growing earnings by -19.6% per year.

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

Earnings vs Industry: ZAG had negative earnings growth (-50.7%) over the past year, making it difficult to compare to the Electrical industry average (22%).


Return on Equity

High ROE: ZAG's Return on Equity (2.6%) is considered low.


Financial Health

How is Zumtobel Group's financial position?


Financial Position Analysis

Short Term Liabilities: ZAG's short term assets (€404.8M) exceed its short term liabilities (€307.8M).

Long Term Liabilities: ZAG's short term assets (€404.8M) exceed its long term liabilities (€348.0M).


Debt to Equity History and Analysis

Debt Level: ZAG's debt to equity ratio (51.6%) is considered high.

Reducing Debt: ZAG's debt to equity ratio has reduced from 75.2% to 51.6% over the past 5 years.

Debt Coverage: ZAG's debt is well covered by operating cash flow (84.6%).

Interest Coverage: ZAG's interest payments on its debt are well covered by EBIT (5.5x coverage).


Balance Sheet


Dividend

What is Zumtobel Group current dividend yield, its reliability and sustainability?

1.19%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ZAG's dividend (1.19%) is higher than the bottom 25% of dividend payers in the Austrian market (1.08%).

High Dividend: ZAG's dividend (1.19%) is low compared to the top 25% of dividend payers in the Austrian market (3.25%).


Stability and Growth of Payments

Stable Dividend: ZAG's dividend payments have been volatile in the past 10 years.

Growing Dividend: ZAG's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (70.5%), ZAG's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ZAG's dividends in 3 years are forecast to be well covered by earnings (29.4% payout ratio).


Next Steps

Management

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

3.3yrs

Average management tenure


CEO

Alfred Felder (57 yo)

3.25yrs

Tenure

€1,351,000

Compensation

Dr. Alfred Felder has been President of the Executive Board and Chief Executive Officer at Zumtobel Group AG since June 08, 2018 and has been its Member of the Management Board since April 01, 2016 and ser...


CEO Compensation Analysis

Compensation vs Market: Alfred's total compensation ($USD1.64M) is above average for companies of similar size in the Austrian market ($USD1.04M).

Compensation vs Earnings: Alfred's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: ZAG's management team is considered experienced (3.3 years average tenure).


Board Members

Experienced Board: ZAG's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


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

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


Key Information

  • Name: Zumtobel Group AG
  • Ticker: ZAG
  • Exchange: WBAG
  • Founded: 1950
  • Industry: Electrical Components and Equipment
  • Sector: Capital Goods
  • Market Cap: €362.432m
  • Shares outstanding: 43.15m
  • Website: https://www.z.lighting

Number of Employees


Location

  • Zumtobel Group AG
  • Höchsterstrasse 8
  • Dornbirn
  • Vorarlberg
  • 6850
  • Austria

Listings


Biography

Zumtobel Group AG operates in the lighting industry worldwide. The company operates in two segments, Lighting and Components. It offers a range of products and services, including light management componen...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/11 03:43
End of Day Share Price2021/05/10 00:00
Earnings2021/01/31
Annual Earnings2020/04/30


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.