WBAG:FPE3

Stock Analysis Report

Executive Summary

Fuchs Petrolub SE develops, produces, and sells lubricants and related specialties worldwide.

Rewards

Earnings are forecast to grow 6.3% per year

Pays a high and reliable dividend of 2.41%

Risk Analysis

No risks detected for FPE3 from our risk checks.


Snowflake Analysis

Excellent balance sheet established dividend payer.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: FPE3 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-6.0%

FPE3

-0.6%

AT Chemicals

-1.3%

AT Market


1 Year Return

1.0%

FPE3

9.5%

AT Chemicals

3.5%

AT Market

Return vs Industry: FPE3 underperformed the Austrian Chemicals industry which returned 9.5% over the past year.

Return vs Market: FPE3 underperformed the Austrian Market which returned 3.5% over the past year.


Shareholder returns

FPE3IndustryMarket
7 Day-6.0%-0.6%-1.3%
30 Day-4.5%2.9%0.4%
90 Day0.6%2.9%-1.2%
1 Year3.7%1.0%12.9%9.5%7.2%3.5%
3 Yearn/a18.6%7.9%27.3%15.8%
5 Yearn/a30.4%10.9%51.3%30.3%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

21.04x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: FPE3 (€39.48) is trading above our estimate of fair value (€37.52)

Significantly Below Fair Value: FPE3 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: FPE3 is poor value based on its PE Ratio (21x) compared to the Chemicals industry average (16.3x).

PE vs Market: FPE3 is poor value based on its PE Ratio (21x) compared to the Austrian market (14.1x).


Price to Earnings Growth Ratio

PEG Ratio: FPE3 is poor value based on its PEG Ratio (3.3x)


Price to Book Ratio

PB vs Industry: FPE3 is overvalued based on its PB Ratio (3.8x) compared to the XE Chemicals industry average (1.6x).


Next Steps

Future Growth

How is Fuchs Petrolub forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

6.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FPE3's forecast earnings growth (6.3% per year) is above the savings rate (-0.1%).

Earnings vs Market: FPE3's earnings (6.3% per year) are forecast to grow faster than the Austrian market (2.3% per year).

High Growth Earnings: FPE3's earnings are forecast to grow, but not significantly.

Revenue vs Market: FPE3's revenue (3.1% per year) is forecast to grow faster than the Austrian market (2.7% per year).

High Growth Revenue: FPE3's revenue (3.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: FPE3's Return on Equity is forecast to be low in 3 years time (14.6%).


Next Steps

Past Performance

How has Fuchs Petrolub performed over the past 5 years?

4.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FPE3 has high quality earnings.

Growing Profit Margin: FPE3's current net profit margins (9.5%) are lower than last year (11.3%).


Past Earnings Growth Analysis

Earnings Trend: FPE3's earnings have grown by 4.5% per year over the past 5 years.

Accelerating Growth: FPE3's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: FPE3 had negative earnings growth (-15.5%) over the past year, making it difficult to compare to the Chemicals industry average (2.5%).


Return on Equity

High ROE: FPE3's Return on Equity (16.2%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Fuchs Petrolub's financial position?


Financial Position Analysis

Short Term Liabilities: FPE3's short term assets (€997.0M) exceed its short term liabilities (€365.0M).

Long Term Liabilities: FPE3's short term assets (€997.0M) exceed its long term liabilities (€88.0M).


Debt to Equity History and Analysis

Debt Level: FPE3's debt to equity ratio (0.9%) is considered satisfactory.

Reducing Debt: FPE3's debt to equity ratio has increased from 0.3% to 0.9% over the past 5 years.

Debt Coverage: FPE3's debt is well covered by operating cash flow (1935.7%).

Interest Coverage: FPE3's interest payments on its debt are well covered by EBIT (160x coverage).


Balance Sheet

Inventory Level: FPE3 has a high level of physical assets or inventory.

Debt Coverage by Assets: FPE3's debt is covered by short term assets (assets are 71.2x debt).


Next Steps

Dividend

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

2.41%

Current Dividend Yield


Dividend Yield vs Market

company2.4%marketbottom25%1.6%markettop25%4.6%industryaverage3.0%forecastin3Years2.6%

Current dividend yield vs market & industry

Notable Dividend: FPE3's dividend (2.41%) is higher than the bottom 25% of dividend payers in the Austrian market (1.58%).

High Dividend: FPE3's dividend (2.41%) is low compared to the top 25% of dividend payers in the Austrian market (4.58%).


Stability and Growth of Payments

Stable Dividend: FPE3's dividends per share have been stable in the past 10 years.

Growing Dividend: FPE3's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (50.8%), FPE3's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: FPE3's dividends in 3 years are forecast to be covered by earnings (55.6% payout ratio).


Next Steps

Management

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

11.1yrs

Average management tenure


CEO

Stefan Fuchs (51yo)

16.1yrs

Tenure

€2,646,000

Compensation

Mr. Stefan Rudolf Fuchs has been the Chairman of Executive Board at Fuchs Petrolub SE since January 2004 and Member of the Executive Board since 1999. He serves Chief Executive Officer of Region North and  ...


CEO Compensation Analysis

Compensation vs Market: Stefan's total compensation ($USD2.87M) is about average for companies of similar size in the Austrian market ($USD2.46M).

Compensation vs Earnings: Stefan's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Stefan Fuchs
Chairman of Executive Board & CEO16.1yrs€2.65mno data
Dagmar Steinert
CFO & Member of Executive Board4.1yrs€1.42mno data
Ralph Rheinboldt
Head of Europe Region11.1yrs€1.46mno data
Lutz Lindemann
CTO & Member of the Executive Board11.1yrs€1.52mno data
Timo Reister
Head of Asia-Pacific & Africa Region and Member of Executive Board4.1yrs€1.42mno data
Thomas Altmann
Head of Investor Relations0yrsno datano data
Alf Untersteller
Head of Turkey0yrsno datano data
Klaus Hartig
Head of East Asia0yrsno datano data
Bernhard Biehl
Head of LUBRITECH Division0yrsno datano data
Reiner Schmidt
Head of Finance0yrsno datano data

11.1yrs

Average Tenure

55yo

Average Age

Experienced Management: FPE3's management team is seasoned and experienced (11.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Erhard Schipporeit
Deputy Chairman of the Supervisory Board2.8yrs€184.00kno data
Ingeborg Neumann
Member of Supervisory Board4.8yrs€109.00kno data
Kurt Bock
Chairman of Supervisory Board0.8yrsno datano data
Manfred Fuchs
Honorary Chairman of Supervisory Board2.8yrs€56.00kno data
Lars-Eric Reinert
Employee Representative Member of Supervisory Board11.8yrs€90.00kno data
Horst Münkel
Employee Representative Member of the Supervisory Board10.2yrs€90.00kno data
Susanne Fuchs
Member of Supervisory Board2.8yrs€119.00kno data

2.8yrs

Average Tenure

62yo

Average Age

Experienced Board: FPE3's board of directors are not considered experienced ( 2.8 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

Fuchs Petrolub SE's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Fuchs Petrolub SE
  • Ticker: FPE3
  • Exchange: WBAG
  • Founded: 1931
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Market Cap: €5.224b
  • Shares outstanding: 139.00m
  • Website: https://www.fuchs.com/group

Number of Employees


Location

  • Fuchs Petrolub SE
  • Friesenheimer Strasse 17
  • Mannheim
  • 68169
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FPEDB (Deutsche Boerse AG)Common StockDEEURJan 1992
FPE3DB (Deutsche Boerse AG)YesPreferred StockDEEURJan 1992
FPE3SWX (SIX Swiss Exchange)YesPreferred StockCHCHFJan 1992
FUPP.FOTCPK (Pink Sheets LLC)YesPreferred StockUSUSDJan 1992
FPEXTRA (XETRA Trading Platform)Common StockDEEURJan 1992
0B4RLSE (London Stock Exchange)Common StockGBEURJan 1992
0LCRLSE (London Stock Exchange)YesPreferred StockGBEURJan 1992
FUPE.FOTCPK (Pink Sheets LLC)Common StockUSUSDJan 1992
FPE3XTRA (XETRA Trading Platform)YesPreferred StockDEEURJan 1992
FPE3DBATS-CHIXE (BATS 'Chi-X Europe')YesPreferred StockGBEURJan 1992
FPEDBATS-CHIXE (BATS 'Chi-X Europe')Common StockGBEURJan 1992
FPE3ETLX (Eurotlx)YesPreferred StockITEURJan 1992
FPE3WBAG (Wiener Boerse AG)YesPreferred StockATEURJan 1992
FUPB.YOTCPK (Pink Sheets LLC)ADRUSUSDNov 2011
FPE4BST (Boerse-Stuttgart)ADRDEEURNov 2011

Biography

Fuchs Petrolub SE develops, produces, and sells lubricants and related specialties worldwide. It offers engine and gear oils, central hydraulic oils, greases, shock absorber fluids, biodegradable lubricants; brake fluids and radiator antifreeze products; multi-purpose/long-life, wheel bearing, food grade, and biodegradable greases; greases for plain and roller bearings, extreme temperatures, rail vehicles, machine tools, and central lubricating systems; gear boxes; and assembly pastes and greases in spray cans; slide way, heat transfer, hydraulic, refrigerator, compressor, machine, textile machine, transformer, turbine, and cylinder oils; and biodegradable and adhesive lubricants. The company also offers quenching fluids, corrosion preventives, minimum lubricating products, cleaners, cutting and grinding lubricants, and forming lubricants; and food-compliant lubricants, adhesive lubricants for open transmissions, anti-friction coatings and films for dry coating, pastes and special greases, concrete release agents and high-temperature chain oils, as well as lubricants for the glass manufacturing, hot forming, the wind energy, and sugar industries. In addition, it is involved in the provision of metal-working fluids, corrosion preventatives, hydraulic and gear oils, greases, and other specialties, as well as in toll blending, chemical process management, and trading activities. Further, the company offers analytical, condition monitoring, tailor-made development, technical, open gear, and coating services; and special services for food and beverage processing. It provides its products to automotive suppliers and OEMs; mechanical engineering, metalworking, mining and exploration, aerospace, power generation, construction and transport, agriculture, and forestry sectors; and steel, metal, casting and forging, and cement industries, as well as food industry and glass manufacturing sectors. Fuchs Petrolub SE was founded in 1931 and is headquartered in Mannheim, Germany. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/22 22:58
End of Day Share Price2020/02/21 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.