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Lenzing

WBAG:LNZ
Snowflake Description

Flawless balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LNZ
WBAG
€3B
Market Cap
  1. Home
  2. AT
  3. Materials
Company description

Lenzing Aktiengesellschaft produces and markets botanic cellulose fibers for the textile and nonwoven sectors worldwide. The last earnings update was 35 days ago. More info.


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LNZ Share Price and Events
7 Day Returns
7.5%
WBAG:LNZ
2.9%
Europe Chemicals
3.4%
AT Market
1 Year Returns
8%
WBAG:LNZ
-1.6%
Europe Chemicals
-2%
AT Market
LNZ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Lenzing (LNZ) 7.5% 20.4% 23.8% 8% 47.4% 118%
Europe Chemicals 2.9% 4.4% 11.7% -1.6% 21.6% 27.3%
AT Market 3.4% 6% 10.1% -2% 43.4% 29.5%
1 Year Return vs Industry and Market
  • LNZ outperformed the Chemicals industry which returned -1.6% over the past year.
  • LNZ outperformed the Market in Austria which returned -2% over the past year.
Price Volatility
LNZ
Industry
5yr Volatility vs Market

LNZ Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Lenzing to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Lenzing.

WBAG:LNZ Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.2%
Perpetual Growth Rate 10-Year AT Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for WBAG:LNZ
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AT Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.5%
Chemicals Unlevered Beta Simply Wall St/ S&P Global 0.93
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.931 (1 + (1- 25%) (17.16%))
1.034
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.03
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.51% + (1.034 * 6.51%)
7.24%

Discounted Cash Flow Calculation for WBAG:LNZ using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Lenzing is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

WBAG:LNZ DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 7.24%)
2019 43.38 Analyst x4 40.45
2020 -42.38 Analyst x4 -36.84
2021 2.20 Analyst x4 1.78
2022 110.00 Analyst x3 83.16
2023 178.27 Analyst x3 125.66
2024 237.68 Est @ 33.33% 156.23
2025 293.50 Est @ 23.48% 179.89
2026 342.19 Est @ 16.59% 195.57
2027 382.46 Est @ 11.77% 203.82
2028 414.55 Est @ 8.39% 206.00
Present value of next 10 years cash flows €1,155.71
WBAG:LNZ DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €414.55 × (1 + 0.51%) ÷ (7.24% – 0.51%)
€6,187.76
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €6,187.76 ÷ (1 + 7.24%)10
€3,074.80
WBAG:LNZ Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €1,155.71 + €3,074.80
€4,230.51
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €4,230.51 / 26.55
€159.34
WBAG:LNZ Discount to Share Price
Calculation Result
Value per share (EUR) From above. €159.34
Current discount Discount to share price of €104.00
= -1 x (€104.00 - €159.34) / €159.34
34.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Lenzing is available for.
Intrinsic value
35%
Share price is €104 vs Future cash flow value of €159.34
Current Discount Checks
For Lenzing to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Lenzing's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Lenzing's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Lenzing's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Lenzing's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WBAG:LNZ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €5.61
WBAG:LNZ Share Price ** WBAG (2019-04-18) in EUR €104
Europe Chemicals Industry PE Ratio Median Figure of 93 Publicly-Listed Chemicals Companies 18.75x
Austria Market PE Ratio Median Figure of 51 Publicly-Listed Companies 14.73x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Lenzing.

WBAG:LNZ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= WBAG:LNZ Share Price ÷ EPS (both in EUR)

= 104 ÷ 5.61

18.53x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Lenzing is good value based on earnings compared to the Europe Chemicals industry average.
  • Lenzing is overvalued based on earnings compared to the Austria market.
Price based on expected Growth
Does Lenzing's expected growth come at a high price?
Raw Data
WBAG:LNZ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 18.53x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
7.3%per year
Europe Chemicals Industry PEG Ratio Median Figure of 62 Publicly-Listed Chemicals Companies 1.89x
Austria Market PEG Ratio Median Figure of 32 Publicly-Listed Companies 1.34x

*Line of best fit is calculated by linear regression .

WBAG:LNZ PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 18.53x ÷ 7.3%

2.55x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Lenzing is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Lenzing's assets?
Raw Data
WBAG:LNZ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €56.56
WBAG:LNZ Share Price * WBAG (2019-04-18) in EUR €104
Europe Chemicals Industry PB Ratio Median Figure of 138 Publicly-Listed Chemicals Companies 1.85x
Austria Market PB Ratio Median Figure of 59 Publicly-Listed Companies 1.27x
WBAG:LNZ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= WBAG:LNZ Share Price ÷ Book Value per Share (both in EUR)

= 104 ÷ 56.56

1.84x

* Primary Listing of Lenzing.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Lenzing is good value based on assets compared to the Europe Chemicals industry average.
X
Value checks
We assess Lenzing's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Chemicals industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Chemicals industry average (and greater than 0)? (1 check)
  5. Lenzing has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

LNZ Future Performance

 How is Lenzing expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Lenzing expected to grow at an attractive rate?
  • Lenzing's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Lenzing's earnings growth is positive but not above the Austria market average.
  • Lenzing's revenue growth is positive but not above the Austria market average.
Annual Growth Rates Comparison
Raw Data
WBAG:LNZ Future Growth Rates Data Sources
Data Point Source Value (per year)
WBAG:LNZ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 7.3%
WBAG:LNZ Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 2.3%
Europe Chemicals Industry Earnings Growth Rate Market Cap Weighted Average 10%
Europe Chemicals Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
Austria Market Earnings Growth Rate Market Cap Weighted Average 9%
Austria Market Revenue Growth Rate Market Cap Weighted Average 2.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
WBAG:LNZ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WBAG:LNZ Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 2,519 3
2022-12-31 2,405 3
2021-12-31 2,269 342 186 4
2020-12-31 2,232 329 180 5
2019-12-31 2,192 328 169 4
WBAG:LNZ Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 2,232 280 149
2018-09-30 2,222 256 197
2018-06-30 2,240 228 222
2018-03-31 2,275 274 255
2017-12-31 2,305 271 278
2017-09-30 2,318 361 282
2017-06-30 2,278 406 280
2017-03-31 2,232 475 255
2016-12-31 2,156 473 225
2016-09-30 2,123 405 200
2016-06-30 2,084 385 167
2016-03-31 2,044 282 153

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Lenzing's earnings are expected to grow by 7.3% yearly, however this is not considered high growth (20% yearly).
  • Lenzing's revenue is expected to grow by 2.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
WBAG:LNZ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Lenzing Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:LNZ Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 6.99 7.37 6.64 4.00
2020-12-31 6.78 7.16 6.54 5.00
2019-12-31 6.35 6.61 6.19 4.00
WBAG:LNZ Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 5.61
2018-09-30 7.41
2018-06-30 8.36
2018-03-31 9.61
2017-12-31 10.47
2017-09-30 10.61
2017-06-30 10.54
2017-03-31 9.58
2016-12-31 8.48
2016-09-30 7.52
2016-06-30 6.29
2016-03-31 5.76

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Lenzing is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Lenzing's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Lenzing has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

LNZ Past Performance

  How has Lenzing performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Lenzing's growth in the last year to its industry (Chemicals).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Lenzing has delivered over 20% year on year earnings growth in the past 5 years.
  • Lenzing's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Lenzing's 1-year earnings growth is negative, it can't be compared to the Europe Chemicals industry average.
Earnings and Revenue History
Lenzing's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Lenzing Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:LNZ Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 2,231.67 149.00 389.28
2018-09-30 2,222.46 196.58 382.98
2018-06-30 2,240.16 222.08 375.88
2018-03-31 2,275.36 255.08 369.18
2017-12-31 2,305.46 277.98 363.68
2017-09-30 2,318.49 282.02 355.22
2017-06-30 2,278.49 279.62 349.12
2017-03-31 2,232.49 254.52 341.42
2016-12-31 2,155.89 225.02 331.22
2016-09-30 2,122.94 199.78 331.63
2016-06-30 2,083.94 167.08 317.93
2016-03-31 2,044.44 152.98 315.53
2015-12-31 2,006.04 126.98 316.53
2015-09-30 1,991.05 27.92 301.39
2015-06-30 1,944.05 23.92 305.59
2015-03-31 1,915.05 -3.48 303.49
2014-12-31 1,898.85 -13.48 300.69
2014-09-30 1,894.90 11.01 319.19
2014-06-30 1,901.40 2.01 322.69
2014-03-31 1,924.40 18.31 322.59
2013-12-31 1,947.70 30.71 325.99
2013-09-30 2,005.24 98.90 308.07
2013-06-30 2,025.14 130.70 305.87
2013-03-31 2,058.54 155.10 300.47
2012-12-31 2,073.74 181.00 293.17
2012-09-30 2,088.27 194.36 298.30
2012-06-30 2,116.07 213.86 294.80

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Lenzing has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Lenzing used its assets more efficiently than the Europe Chemicals industry average last year based on Return on Assets.
  • Lenzing has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Lenzing's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Chemicals industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Lenzing has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

LNZ Health

 How is Lenzing's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Lenzing's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Lenzing is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Lenzing's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Lenzing's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Lenzing Company Filings, last reported 3 months ago.

WBAG:LNZ Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,533.93 473.77 252.09
2018-09-30 1,517.70 396.90 263.70
2018-06-30 1,488.00 408.00 241.40
2018-03-31 1,552.70 378.40 352.50
2017-12-31 1,525.85 382.60 318.14
2017-09-30 1,451.00 379.90 388.00
2017-06-30 1,408.70 510.80 513.20
2017-03-31 1,440.10 545.40 606.60
2016-12-31 1,381.51 604.55 566.08
2016-09-30 1,283.90 607.00 531.70
2016-06-30 1,229.20 637.30 479.20
2016-03-31 1,238.00 670.00 422.80
2015-12-31 1,207.21 704.51 354.37
2015-09-30 1,163.40 713.90 372.60
2015-06-30 1,123.60 730.70 321.70
2015-03-31 1,104.50 730.50 276.50
2014-12-31 1,058.05 746.99 286.48
2014-09-30 1,128.30 730.50 239.40
2014-06-30 1,077.70 738.60 220.70
2014-03-31 1,114.40 771.40 265.80
2013-12-31 1,109.00 800.68 295.58
2013-09-30 1,169.70 804.90 323.90
2013-06-30 1,162.50 832.50 375.70
2013-03-31 1,181.00 855.00 399.70
2012-12-31 1,159.67 875.13 499.65
2012-09-30 1,157.70 647.70 311.30
2012-06-30 1,102.80 650.70 341.60
  • Lenzing's level of debt (30.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (72.2% vs 30.9% today).
  • Debt is well covered by operating cash flow (59.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 28.4x coverage).
X
Financial health checks
We assess Lenzing's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Lenzing has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

LNZ Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.81%
Current annual income from Lenzing dividends. Estimated to be 2.98% next year.
If you bought €2,000 of Lenzing shares you are expected to receive €96 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Lenzing's pays a higher dividend yield than the bottom 25% of dividend payers in Austria (1.44%).
  • Lenzing's dividend is above the markets top 25% of dividend payers in Austria (4.62%).
Upcoming dividend payment

Purchase Lenzing before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
WBAG:LNZ Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
Europe Chemicals Industry Average Dividend Yield Market Cap Weighted Average of 78 Stocks 3%
Austria Market Average Dividend Yield Market Cap Weighted Average of 49 Stocks 3.4%
Austria Minimum Threshold Dividend Yield 10th Percentile 1.1%
Austria Bottom 25% Dividend Yield 25th Percentile 1.4%
Austria Top 25% Dividend Yield 75th Percentile 4.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

WBAG:LNZ Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 3.11 4.00
2020-12-31 3.17 5.00
2019-12-31 3.02 5.00
WBAG:LNZ Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-14 5.000 5.302
2018-03-14 5.000 5.440
2017-03-22 3.000 2.370
2016-03-23 2.000 2.013
2015-03-24 1.000 1.553
2014-04-28 1.750 3.503
2013-04-24 1.750 3.461
2012-04-19 2.500 3.611
2011-03-29 1.550 1.981
2010-03-01 2.000 3.795
2009-04-20 2.000 6.761

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Lenzing's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.2x coverage).
X
Income/ dividend checks
We assess Lenzing's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Lenzing afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Lenzing has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

LNZ Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Stefan Doboczky
COMPENSATION €1,366,000
AGE 51
TENURE AS CEO 3.8 years
CEO Bio

Dr. Stefan Doboczky, MBA, has been Chief Executive Officer at Lenzing Aktiengesellschaft since June 1, 2015 and serves as its Chairman of the Management Board. Dr. Doboczky has extensive international industrial management experience after having worked in Asia for many years.

CEO Compensation
  • Stefan's compensation has been consistent with company performance over the past year.
  • Stefan's remuneration is about average for companies of similar size in Austria.
Management Team Tenure

Average tenure and age of the Lenzing management team in years:

3.3
Average Tenure
51.5
Average Age
  • The tenure for the Lenzing management team is about average.
Management Team

Stefan Doboczky

TITLE
Chairman of Management Board & CEO
COMPENSATION
€1M
AGE
51
TENURE
3.8 yrs

Thomas Obendrauf

TITLE
CFO & Member of Management Board
COMPENSATION
€647K
AGE
48
TENURE
3.1 yrs

Robert van de Kerkhof

TITLE
Chief Commercial Officer & Member of Management Board
COMPENSATION
€650K
AGE
54
TENURE
4.9 yrs

Heiko Arnold

TITLE
CTO & Member of Management Board
COMPENSATION
€670K
AGE
52
TENURE
1.9 yrs

Stephanie Kniep

TITLE
Head of Investor Relations

Waltraud Kaserer

TITLE
Vice President Corporate Communications & Investor Relations
TENURE
3.3 yrs

Gottfried Rosenauer

TITLE
Head of Business Unit Energy

Wolfgang Plasser

TITLE
Head of Business Unit Nonwoven Fibers

Johann Huber

TITLE
Managing Director of Plastics

Johann Weber

TITLE
Co-Head of Engineering Unit
Board of Directors Tenure

Average tenure and age of the Lenzing board of directors in years:

7.5
Average Tenure
56
Average Age
  • The tenure for the Lenzing board of directors is about average.
Board of Directors

Hanno Bästlein

TITLE
Chairman of Supervisory Board
AGE
55
TENURE
4 yrs

Veit Sorger

TITLE
Deputy Chairman of Supervisory Board
AGE
76
TENURE
8.1 yrs

Christoph Kollatz

TITLE
Deputy Chairman of Supervisory Board
AGE
58
TENURE
1 yrs

Patrick Prügger

TITLE
Member of Supervisory Board
AGE
43
TENURE
8.1 yrs

Johann Schernberger

TITLE
Member of Supervisory Board
AGE
54
TENURE
18.3 yrs

Helmut Bernkopf

TITLE
Member of Supervisory Board
AGE
51
TENURE
10 yrs

Georg Liftinger

TITLE
Member of Supervisory Board
AGE
57
TENURE
11.3 yrs

Astrid Skala-Kuhmann

TITLE
Member of Supervisory Board
AGE
65
TENURE
7 yrs

Franz Gasselsberger

TITLE
Member of Supervisory Board
AGE
59
TENURE
6 yrs

Daniela Födinger

TITLE
Member of Supervisory Board
AGE
54
TENURE
5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Lenzing's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Lenzing has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

LNZ News

Simply Wall St News

A Note On Lenzing Aktiengesellschaft's (VIE:LNZ) ROE and Debt To Equity

To keep the lesson grounded in practicality, we'll use ROE to better understand Lenzing Aktiengesellschaft (VIE:LNZ). … One way to conceptualize this, is that for each €1 of shareholders' equity it has, the company made €0.13 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Lenzing Aktiengesellschaft (VIE:LNZ): The Return Story

You need to pay attention to this because your return on investment is linked to dividends and internal investments to improve the business, which can only occur if the company is expected to produce adequate earnings with the capital that has been provided. … To understand Lenzing’s capital returns we will look at a useful metric called return on capital employed. … Lenzing's Return On Capital Employed

Simply Wall St -

Can Lenzing Aktiengesellschaft's (VIE:LNZ) ROE Continue To Surpass The Industry Average?

This article is for those who would like to learn about Return On Equity (ROE). … One way to conceptualize this, is that for each €1 of shareholders' equity it has, the company made €0.15 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is It Too Late To Buy Lenzing Aktiengesellschaft (VIE:LNZ) At Its August Price?

Looking at Lenzing Aktiengesellschaft’s (VIE:LNZ) fundamentals some investors are wondering if its last closing price of €101.8 represents a good value for money for this high growth stock. … Let’s look into this by assessing LNZ's expected growth over the next few years. … Analysts are predicting good growth prospects for Lenzing over the next couple of years

Simply Wall St -

Should You Be Concerned About Lenzing Aktiengesellschaft's (VIE:LNZ) Investors?

Today, I will be analyzing Lenzing Aktiengesellschaft’s (VIE:LNZ) recent ownership structure, an important but not-so-popular subject among individual investors. … The impact of a company's ownership structure affects both its short- and long-term performance. … If an activist institution invests the same amount of capital in a stock as a passive long-term pension fund, the implications are potentially different for key corporate financing decisions such as the use of excess cash or the source of financing.

Simply Wall St -

A Look At The Fair Value Of Lenzing Aktiengesellschaft (VIE:LNZ)

Today I will be providing a simple run through of a valuation method used to estimate the attractiveness of Lenzing Aktiengesellschaft (VIE:LNZ) as an investment opportunity. … by taking the foreast future cash flows of the company and discounting them back to today's value. … Discounted Cash Flows (DCF).

Simply Wall St -

Should Investors Be Happy About Lenzing Aktiengesellschaft’s (VIE:LNZ) Cash Levels?

I will take you through Lenzing’s cash flow health and the risk-return concept based on the stock’s cash flow yield, using the most recent financial data. … Lenzing’s free cash flow (FCF) is the level of cash flow the business generates from its operational activities, after it reinvests in the company as capital expenditure. … There are two methods I will use to evaluate the quality of Lenzing’s FCF: firstly, I will measure its FCF yield relative to the market index yield; secondly, I will examine whether its operating cash flow will continue to grow into the future, which will give us a sense of sustainability.

Simply Wall St -

What Should Investors Know About Lenzing Aktiengesellschaft's (VIE:LNZ) Capital Returns?

This is because the actual cash flow generated by the business dictates the potential for income (dividends) and capital appreciation (price increases), which are the two ways to achieve positive returns when buying a stock. … Therefore, looking at how efficiently Lenzing is able to use capital to create earnings will help us understand your potential return. … Investors use many different metrics but the analysis below focuses on return on capital employed (ROCE).

Simply Wall St -

Are You An Income Investor? Don't Miss Out On Lenzing Aktiengesellschaft (VIE:LNZ)

There is a lot to be liked about Lenzing Aktiengesellschaft (VIE:LNZ) as an income stock, over the past 10 years it has returned an average of 4.00% per year. … Let's dig deeper into whether Lenzing should have a place in your portfolio. … View out our latest analysis for Lenzing

Simply Wall St -

What You Must Know About Lenzing Aktiengesellschaft's (VIE:LNZ) Financial Health

Small and large cap stocks are widely popular for a variety of reasons, however, mid-cap companies such as Lenzing Aktiengesellschaft (VIE:LNZ), with a market cap of €2.67b, often get neglected by retail investors. … Let’s take a look at LNZ’s debt concentration and assess their financial liquidity to get an idea of their ability to fund strategic acquisitions and grow through cyclical pressures. … Note that this information is centred entirely on financial health and is a top-level understanding, so I encourage you to look further.

Simply Wall St -

LNZ Company Info

Description

Lenzing Aktiengesellschaft produces and markets botanic cellulose fibers for the textile and nonwoven sectors worldwide. The company operates through Fibers, Lenzing Technik, and Other segments. It offers fibers for apparel; home and interiors, such as bed linens, mattresses, and towels; a range of industrial applications, such as automotive interiors, engineered products, work and protective wear, and agriculture and packaging products; nonwovens for hygiene and daily care products; and pulp and wood products, as well as biorefinery and co-products consisting of sodium sulfate, acetic acid, furfural, magnesium lignin sulfonate, soda, and xylose under the LENZING, TENCEL, VEOCEL, and LENZING ECOVERO brand names. The company also operates in the field of mechanical and plant engineering; and provides engineering services, as well as filtration and separation, and pulp technological and mechanical construction. In addition, it is involved in training and personnel development activities. The company was formerly known as Chemiefaser Lenzing AG and changed its name to Lenzing Aktiengesellschaft in 1984. The company was founded in 1892 and is headquartered in Lenzing, Austria.

Details
Name: Lenzing Aktiengesellschaft
LNZ
Exchange: WBAG
Founded: 1892
€2,761,200,000
26,550,000
Website: http://www.lenzing.com
Address: Lenzing Aktiengesellschaft
Werkstrasse 2,
Lenzing,
Upper Austria, 4860,
Austria
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WBAG LNZ Common Stock Wiener Boerse AG AT EUR 02. Jan 1992
OTCPK LNZN.F Common Stock Pink Sheets LLC US USD 02. Jan 1992
DB LEN Common Stock Deutsche Boerse AG DE EUR 02. Jan 1992
XTRA LEN Common Stock XETRA Trading Platform DE EUR 02. Jan 1992
LSE 0NCV Common Stock London Stock Exchange GB EUR 02. Jan 1992
SWX LNZ Common Stock SIX Swiss Exchange CH CHF 02. Jan 1992
BATS-CHIXE LNZV Common Stock BATS 'Chi-X Europe' GB EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
6,657
Lenzing employees.
Industry
Commodity Chemicals
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 20:45
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/10
Last earnings filing: 2019/03/14
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.