WBAG:ZAG

Stock Analysis Report

Executive Summary

Zumtobel Group AG operates in the lighting industry worldwide.

Snowflake

Fundamentals

Adequate balance sheet with moderate growth potential.


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


Market Performance


7 Day Return

-4.2%

ZAG

3.0%

AT Electrical

1.8%

AT Market


1 Year Return

-17.7%

ZAG

13.5%

AT Electrical

-4.1%

AT Market

Return vs Industry: ZAG underperformed the Austrian Electrical industry which returned 13.5% over the past year.

Return vs Market: ZAG underperformed the Austrian Market which returned -4.1% over the past year.


Share holder returns

ZAGIndustryMarket
7 Day-4.2%3.0%1.8%
30 Day-12.4%-3.1%-1.3%
90 Day-15.9%0.8%0.1%
1 Year-17.7%-17.7%16.9%13.5%-0.6%-4.1%
3 Year-58.8%-59.3%11.7%2.0%44.3%31.2%
5 Year-49.4%-51.2%60.4%-27.6%69.5%45.1%

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 based on future cash flows and its price relative to the stock market?

35%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Undervalued: ZAG (€6.45) is trading below our estimate of fair value (€9.89)

Significantly Undervalued: ZAG is trading below fair value, but not by a significant amount.


Price Based on Earnings

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

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


Price Based on Expected Growth

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


Price Based on Value of Assets

PB vs Industry: ZAG is good value based on its PB Ratio (1x) compared to the XE Electrical industry average (1.9x).


Next Steps

Future Growth

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

38.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

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

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

High Growth Earnings: ZAG's loss is forecast to worsen by 0% next year.

Revenue vs Market: ZAG's revenue (0.9% per year) is forecast to grow slower than the Austrian market (3% per year).

High Growth Revenue: ZAG's revenue (0.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

High Future ROE: Insufficient data to determine if ZAG's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Zumtobel Group performed over the past 5 years?

-50.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: ZAG is unprofitable, and losses have increased over the past 5 years at a rate of -50.8% per year.

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

Earnings vs Industry: ZAG is unprofitable, making it difficult to compare its past year earnings growth to the Electrical industry (1.1%).


Return on Equity

High ROE: ZAG has a negative Return on Equity (-2.6%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: ZAG is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: ZAG is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Zumtobel Group's financial position?


Financial Position Analysis

Short Term Liabilities: ZAG's short term assets (€440.5M) exceeds its short term liabilities (€378.4M)

Long Term Liabilities: ZAG's short term assets (440.5M) exceeds its long term liabilities (337.7M)


Debt to Equity History and Analysis

Debt Level: ZAG's debt to equity ratio (85.8%) is considered high

Reducing Debt: ZAG's debt to equity ratio has increased from 65.1% to 85.8% over the past 5 years.


Balance Sheet

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

Debt Coverage by Assets: ZAG's debt is covered by short term assets (assets are 1.868350x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable ZAG has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: ZAG is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -90% per year.


Next Steps

Dividend

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

3.82%

Expected Dividend Yield


Dividend Yield vs Market

company0%marketbottom25%1.6%markettop25%4.5%industryaverage2.3%forecastin3Years3.8%

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

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

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

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

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


Current Payout to Shareholders

Dividend Coverage: ZAG is not paying a notable dividend for .


Future Payout to Shareholders

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


Next Steps

  • Explore strong dividend paying companies in the Capital Goods industry.

Management

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

1.7yrs

Average management tenure


CEO

Alfred Felder (56yo)

1.7yrs

Tenure

€750,000

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 has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the Austrian market.

Compensation vs Earnings: Alfred's compensation has increased whilst the company is unprofitable.


Management Age and Tenure

1.7yrs

Average Tenure

56yo

Average Age

Experienced Management: ZAG's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Age and Tenure

4.3yrs

Average Tenure

56.5yo

Average Age

Experienced Board: ZAG's board of directors are considered experienced (4.3 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


Management Team

  • Bernard Motzko (57yo)

    COO & Member of Management Board

    • Tenure: 1.7yrs
    • Compensation: €608.00k
  • Alfred Felder (56yo)

    President of the Management Board & CEO

    • Tenure: 1.7yrs
    • Compensation: €750.00k
  • Thomas Tschol (49yo)

    CFO & Member of Management Board

    • Tenure: 1.5yrs
    • Compensation: €738.00k
  • Emanuel Hagspiel

    Head of Investor Relations

    • Tenure: 0yrs
  • Marina Konrad

    Head of Corporate Communications

    • Tenure: 0yrs

Board Members

  • Jürg Zumtobel (83yo)

    Chairman of Supervisory Board

    • Tenure: 16.1yrs
  • Fritz Zumtobel (80yo)

    Member of Supervisory Board

    • Tenure: 23.8yrs
  • Johannes Burtscher (50yo)

    Second Vice Chairman of Supervisory Board

    • Tenure: 9.3yrs
  • Eva Kienle (52yo)

    Supervisory Board Member

    • Tenure: 0.8yrs
  • Richard Apnar (45yo)

    Member of Supervisory Board

    • Tenure: 7.3yrs
  • Dietmar Dünser (53yo)

    Member of Supervisory Board

    • Tenure: 4.3yrs
  • Kai Arbinger (60yo)

    Member of Supervisory Board

    • Tenure: 3.4yrs
  • Volkhard Hofmann (67yo)

    First Vice-Chairman of the Supervisory Board

    • Tenure: 1.7yrs
  • Karin Zumtobel-Chammah

    Supervisory Board Member

    • Tenure: 0.8yrs

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: €278.296m
  • Shares outstanding: 43.15m
  • Website: https://www.zumtobelgroup.com

Number of Employees


Location

  • Zumtobel Group AG
  • Höchster Strasse 8
  • Dornbirn
  • Vorarlberg
  • 6850
  • Austria

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ZAGWBAG (Wiener Boerse AG)YesBearer SharesATEURMay 2006
T9ZDB (Deutsche Boerse AG)YesBearer SharesDEEURMay 2006
T9ZXTRA (XETRA Trading Platform)YesBearer SharesDEEURMay 2006
ZMTB.FOTCPK (Pink Sheets LLC)YesBearer SharesUSUSDMay 2006
0MJHLSE (London Stock Exchange)YesBearer SharesGBEURMay 2006
ZAGVBATS-CHIXE (BATS 'Chi-X Europe')YesBearer SharesGBEURMay 2006
ZMTB.YOTCPK (Pink Sheets LLC)UNSPONSORED ADRUSUSDOct 2008

Biography

Zumtobel Group AG operates in the lighting industry worldwide. It offers a range of products and services, including light management components and systems for applications in professional indoor and outd ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/13 21:25
End of Day Share Price2019/10/11 00:00
Earnings2019/07/31
Annual Earnings2019/04/30


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.

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