WBAG:WOL

Stock Analysis Report

Executive Summary

Wolford Aktiengesellschaft produces and markets legwear, ready-to-wear garments, lingerie, beachwear, and accessories in Austria, Germany, France, rest of Europe, North America, Rest of Europe, and Asia/Oceania.

Snowflake

Fundamentals

Reasonable growth potential and fair value.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-1.4%

WOL

5.2%

AT Luxury

1.8%

AT Market


1 Year Return

-44.0%

WOL

24.0%

AT Luxury

-4.1%

AT Market

Return vs Industry: WOL underperformed the Austrian Luxury industry which returned 24% over the past year.

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


Share holder returns

WOLIndustryMarket
7 Day-1.4%5.2%1.8%
30 Day-30.0%-1.8%-1.3%
90 Day-35.2%-3.0%0.1%
1 Year-44.0%-44.0%26.4%24.0%-0.6%-4.1%
3 Year-67.7%-69.6%75.3%64.7%44.3%31.2%
5 Year-62.6%-65.4%137.3%108.1%69.5%45.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Undervalued: WOL (€7) is trading below our estimate of fair value (€14.88)

Significantly Undervalued: WOL is trading below fair value by more than 20%.


Price Based on Earnings

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

PE vs Market: WOL 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 WOL's PEG Ratio to determine if it is good value.


Price Based on Value of Assets

PB vs Industry: WOL is good value based on its PB Ratio (1.1x) compared to the XE Luxury industry average (1.2x).


Next Steps

Future Growth

How is Wolford expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

86.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

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

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

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

Revenue vs Market: WOL's revenue (3.6% per year) is forecast to grow faster than the Austrian market (3% per year).

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


Earnings per Share Growth Estimates


Future Return on Equity

High Future ROE: WOL's Return on Equity is forecast to be low in 3 years time (4.8%).


Next Steps

Past Performance

How has Wolford performed over the past 5 years?

-36.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: WOL is unprofitable, and losses have increased over the past 5 years at a rate of -36.2% per year.

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

Earnings vs Industry: WOL is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (-2.3%).


Return on Equity

High ROE: WOL has a negative Return on Equity (-25.98%), as it is currently unprofitable.


Return on Assets

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


Return on Capital Employed

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


Next Steps

Financial Health

How is Wolford's financial position?


Financial Position Analysis

Short Term Liabilities: WOL's short term assets (€62.1M) exceeds its short term liabilities (€54.7M)

Long Term Liabilities: WOL's short term assets (€62.1M) exceeds its long term liabilities (€20.6M)


Debt to Equity History and Analysis

Debt Level: WOL's debt to equity ratio (77.2%) is considered high

Reducing Debt: WOL's debt to equity ratio has increased from 31.2% to 77.2% over the past 5 years.


Balance Sheet

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

Debt Coverage by Assets: WOL's debt is covered by short term assets (assets are 1.884540x 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: WOL has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if WOL has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

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


Dividend Yield vs Market

company0%marketbottom25%1.6%markettop25%4.5%industryaverage2.6%forecastin3Years0%

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

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

High Dividend: Unable to evaluate WOL'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 WOL's dividends per share have been stable in the past.

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of WOL'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 Wolford's salary, the management and board of directors tenure and is there insider trading?

2.2yrs

Average management tenure


CEO

Axel Dreher (54yo)

2.2yrs

Tenure

€525,000

Compensation

Mr. Axel Dreher has been the Chief Executive Officer and Member of the Management Board at Wolford Aktiengesellschaft since August 1, 2017 and March 1, 2013 respectively. Mr. Dreher served as the Chief Ope ...


CEO Compensation Analysis

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

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


Management Age and Tenure

2.2yrs

Average Tenure

Experienced Management: WOL's management team is considered experienced (2.2 years average tenure).


Board Age and Tenure

1.9yrs

Average Tenure

44yo

Average Age

Experienced Board: WOL's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.


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

  • Axel Dreher (54yo)

    CEO & Member of Management Board

    • Tenure: 2.2yrs
    • Compensation: €525.00k
  • Brigitte Kurz (45yo)

    Member of Management Board

    • Tenure: 2.2yrs
    • Compensation: €345.94k
  • Andrew Thorndike

    COO & Member of Management Board

    • Tenure: 0.08yrs

Board Members

  • Anton Mathis (59yo)

    Representative Member of the Supervisory Board

    • Tenure: 19.8yrs
    • Compensation: €900.00
  • Birgit Wilhelm (44yo)

    Member of Supervisory Board

    • Tenure: 13.1yrs
  • Jenny Shao (38yo)

    Chairwoman of Supervisory Board

    • Tenure: 1.4yrs
  • Christian Medwed

    Member of Supervisory Board

    • Tenure: 2.4yrs
  • Thomas Dressendörfer (61yo)

    Deputy Chairman of Supervisory Board

    • Tenure: 1.4yrs
  • Cheng Yun Cheng (43yo)

    Member of the Supervisory Board

    • Tenure: 1.1yrs

Company Information

Wolford Aktiengesellschaft's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Wolford Aktiengesellschaft
  • Ticker: WOL
  • Exchange: WBAG
  • Founded: 1950
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: €46.417m
  • Shares outstanding: 6.63m
  • Website: https://www.wolford.com

Number of Employees


Location

  • Wolford Aktiengesellschaft
  • Wolfordstrasse 1
  • Bregenz
  • Vorarlberg
  • 6900
  • Austria

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
WOLWBAG (Wiener Boerse AG)YesBearer SharesATEURFeb 1995
WOFDB (Deutsche Boerse AG)YesBearer SharesDEEURFeb 1995
WLFD.YOTCPK (Pink Sheets LLC)SPONSORED ADRUSUSDApr 1997

Biography

Wolford Aktiengesellschaft produces and markets legwear, ready-to-wear garments, lingerie, beachwear, and accessories in Austria, Germany, France, rest of Europe, North America, Rest of Europe, and Asia/Oc ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/12 20:58
End of Day Share Price2019/10/11 00:00
Earnings2019/04/30
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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