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Sioen Industries

ENXTBR:SIOE
Snowflake Description

Excellent balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SIOE
ENXTBR
€506M
Market Cap
  1. Home
  2. BE
  3. Consumer Durables
Company description

Sioen Industries NV produces and markets man-made yarns, fibers, technical textiles, composites, professional protective clothing, and fine chemicals worldwide. The last earnings update was 20 days ago. More info.


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SIOE Share Price and Events
7 Day Returns
1.4%
ENXTBR:SIOE
8.1%
Europe Luxury
3%
BE Market
1 Year Returns
-15.2%
ENXTBR:SIOE
17.4%
Europe Luxury
-11.7%
BE Market
SIOE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sioen Industries (SIOE) 1.4% 9.2% 24.3% -15.2% 47% 181.6%
Europe Luxury 8.1% 11.2% 23.2% 17.4% 65.7% 82.5%
BE Market 3% 5.7% 14.4% -11.7% -11.7% 10.5%
1 Year Return vs Industry and Market
  • SIOE underperformed the Luxury industry which returned 17.4% over the past year.
  • SIOE underperformed the Market in Belgium which returned -11.7% over the past year.
Price Volatility
SIOE
Industry
5yr Volatility vs Market
Related Companies

SIOE Value

 Is Sioen Industries 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 Sioen Industries 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 Sioen Industries.

ENXTBR:SIOE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.8%
Perpetual Growth Rate 10-Year BE Government Bond Rate 0.8%

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 ENXTBR:SIOE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year BE Govt Bond Rate 0.8%
Equity Risk Premium S&P Global 6.8%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.686 (1 + (1- 29%) (28.37%))
0.883
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.88
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.77% + (0.883 * 6.8%)
6.77%

Discounted Cash Flow Calculation for ENXTBR:SIOE using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Sioen Industries 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.

ENXTBR:SIOE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.77%)
2019 31.58 Analyst x1 29.58
2020 36.65 Analyst x2 32.15
2021 37.70 Analyst x1 30.97
2022 38.54 Est @ 2.22% 29.65
2023 39.22 Est @ 1.78% 28.27
2024 39.80 Est @ 1.48% 26.87
2025 40.31 Est @ 1.27% 25.48
2026 40.76 Est @ 1.12% 24.13
2027 41.17 Est @ 1.01% 22.83
2028 41.56 Est @ 0.94% 21.58
Present value of next 10 years cash flows €271.50
ENXTBR:SIOE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €41.56 × (1 + 0.77%) ÷ (6.77% – 0.77%)
€697.80
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €697.80 ÷ (1 + 6.77%)10
€362.40
ENXTBR:SIOE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €271.50 + €362.40
€633.90
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €633.90 / 19.78
€32.05
ENXTBR:SIOE Discount to Share Price
Calculation Result
Value per share (EUR) From above. €32.05
Current discount Discount to share price of €25.60
= -1 x (€25.60 - €32.05) / €32.05
20.1%

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

Current Discount
Amount off the current price Sioen Industries is available for.
Intrinsic value
20%
Share price is €25.6 vs Future cash flow value of €32.05
Current Discount Checks
For Sioen Industries to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Sioen Industries's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Sioen Industries'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 Sioen Industries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sioen Industries's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ENXTBR:SIOE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €1.71
ENXTBR:SIOE Share Price ** ENXTBR (2019-03-20) in EUR €25.6
Europe Luxury Industry PE Ratio Median Figure of 65 Publicly-Listed Luxury Companies 17.39x
Belgium Market PE Ratio Median Figure of 88 Publicly-Listed Companies 15.71x

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

** Primary Listing of Sioen Industries.

ENXTBR:SIOE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTBR:SIOE Share Price ÷ EPS (both in EUR)

= 25.6 ÷ 1.71

14.97x

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

  • Sioen Industries is good value based on earnings compared to the Europe Luxury industry average.
  • Sioen Industries is good value based on earnings compared to the Belgium market.
Price based on expected Growth
Does Sioen Industries's expected growth come at a high price?
Raw Data
ENXTBR:SIOE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.97x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
4.1%per year
Europe Luxury Industry PEG Ratio Median Figure of 39 Publicly-Listed Luxury Companies 1.89x
Belgium Market PEG Ratio Median Figure of 46 Publicly-Listed Companies 1.28x

*Line of best fit is calculated by linear regression .

ENXTBR:SIOE PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.97x ÷ 4.1%

3.69x

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

  • Sioen Industries is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Sioen Industries's assets?
Raw Data
ENXTBR:SIOE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €11.33
ENXTBR:SIOE Share Price * ENXTBR (2019-03-20) in EUR €25.6
Europe Luxury Industry PB Ratio Median Figure of 95 Publicly-Listed Luxury Companies 1.44x
Belgium Market PB Ratio Median Figure of 119 Publicly-Listed Companies 1.47x
ENXTBR:SIOE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTBR:SIOE Share Price ÷ Book Value per Share (both in EUR)

= 25.6 ÷ 11.33

2.26x

* Primary Listing of Sioen Industries.

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

  • Sioen Industries is overvalued based on assets compared to the Europe Luxury industry average.
X
Value checks
We assess Sioen Industries'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 Luxury 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 Luxury industry average (and greater than 0)? (1 check)
  5. Sioen Industries 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.

SIOE Future Performance

 How is Sioen Industries expected to perform in the next 1 to 3 years based on estimates from 3 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
4.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sioen Industries expected to grow at an attractive rate?
  • Sioen Industries's earnings growth is expected to exceed the low risk savings rate of 0.8%.
Growth vs Market Checks
  • Sioen Industries's earnings growth is positive but not above the Belgium market average.
  • Sioen Industries's revenue growth is expected to exceed the Belgium market average.
Annual Growth Rates Comparison
Raw Data
ENXTBR:SIOE Future Growth Rates Data Sources
Data Point Source Value (per year)
ENXTBR:SIOE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 4.1%
ENXTBR:SIOE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 3.3%
Europe Luxury Industry Earnings Growth Rate Market Cap Weighted Average 9.7%
Europe Luxury Industry Revenue Growth Rate Market Cap Weighted Average 7.3%
Belgium Market Earnings Growth Rate Market Cap Weighted Average 16.4%
Belgium Market Revenue Growth Rate Market Cap Weighted Average 3.1%

*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
ENXTBR:SIOE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ENXTBR:SIOE Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 582 1
2021-12-31 557 56 38 2
2020-12-31 538 56 37 3
2019-12-31 526 55 33 2
ENXTBR:SIOE Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 506 45 34
2018-09-30 500 47 31
2018-06-30 494 49 27
2018-03-31 484 58 25
2017-12-31 473 66 22
2017-09-30 447 60 22
2017-06-30 421 54 23
2017-03-31 392 49 25
2016-12-31 363 44 26
2016-09-30 351 41 25
2016-06-30 338 38 25
2016-03-31 332 41 24

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sioen Industries's earnings are expected to grow by 4.1% yearly, however this is not considered high growth (20% yearly).
  • Sioen Industries's revenue is expected to grow by 3.3% 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
ENXTBR:SIOE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Sioen Industries Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTBR:SIOE Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 2.21 2.21 2.21 1.00
2021-12-31 2.01 2.12 1.90 2.00
2020-12-31 1.87 1.94 1.79 2.00
2019-12-31 1.70 1.74 1.66 2.00
ENXTBR:SIOE Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 1.71
2018-09-30 1.56
2018-06-30 1.37
2018-03-31 1.24
2017-12-31 1.11
2017-09-30 1.13
2017-06-30 1.18
2017-03-31 1.25
2016-12-31 1.31
2016-09-30 1.29
2016-06-30 1.27
2016-03-31 1.20

*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.
  • Sioen Industries is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Sioen Industries'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.
Sioen Industries has a total score of 2/6, 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.

SIOE Past Performance

  How has Sioen Industries 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 Sioen Industries's growth in the last year to its industry (Luxury).
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.
  • Sioen Industries's year on year earnings growth rate has been positive over the past 5 years.
  • Sioen Industries's 1-year earnings growth exceeds its 5-year average (54.6% vs 12.2%)
  • Sioen Industries's earnings growth has exceeded the Europe Luxury industry average in the past year (54.6% vs 13.6%).
Earnings and Revenue History
Sioen Industries'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 Sioen Industries Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTBR:SIOE Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 506.20 33.80 106.10
2018-09-30 500.19 30.79 102.45 -0.03
2018-06-30 494.18 27.17 99.13 -0.06
2018-03-31 483.65 24.51 98.75 -0.03
2017-12-31 473.12 21.86 98.38
2017-09-30 446.94 22.33 91.21 0.54
2017-06-30 420.77 23.43 83.72 1.08
2017-03-31 392.07 24.69 79.11 0.54
2016-12-31 363.37 25.96 74.50
2016-09-30 350.75 25.50 57.84 3.61
2016-06-30 338.12 25.03 41.18 7.21
2016-03-31 332.26 23.82 40.44 6.94
2015-12-31 326.40 22.61 39.69 6.66
2015-09-30 327.38 21.37 38.74 6.42
2015-06-30 328.37 20.13 37.79 6.18
2015-03-31 327.46 18.52 37.56 6.06
2014-12-31 326.56 16.91 37.34 5.95
2014-09-30 327.25 17.28 37.86 5.84
2014-06-30 327.94 17.64 38.38 5.73
2014-03-31 325.46 16.17 38.60 5.72
2013-12-31 322.97 14.70 38.82 5.70
2013-09-30 320.54 12.84 38.83 5.79
2013-06-30 318.11 10.97 38.84 5.88
2013-03-31 320.80 12.68 37.97 5.79
2012-12-31 323.49 14.39 37.11 5.71
2012-09-30 323.91 13.91 36.36 5.66
2012-06-30 324.34 13.43 35.62 5.61
2012-03-31 323.48 13.43 36.20 5.60

*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.
  • Sioen Industries has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Sioen Industries used its assets less efficiently than the Europe Luxury industry average last year based on Return on Assets.
  • Sioen Industries's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Sioen Industries'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 Luxury 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.
Sioen Industries 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.

SIOE Health

 How is Sioen Industries'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 Sioen Industries's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sioen Industries is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Sioen Industries's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Sioen Industries'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 1.6x 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 Sioen Industries Company Filings, last reported 2 months ago.

ENXTBR:SIOE Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 223.81 143.67 26.86
2018-09-30 223.81 143.67 26.86
2018-06-30 206.11 148.99 13.51
2018-03-31 206.11 148.99 13.51
2017-12-31 199.54 138.58 21.41
2017-09-30 199.54 138.58 21.41
2017-06-30 190.15 165.66 19.20
2017-03-31 190.15 165.66 19.20
2016-12-31 189.19 95.83 16.60
2016-09-30 189.19 95.83 16.60
2016-06-30 176.21 80.26 42.31
2016-03-31 176.21 80.26 42.31
2015-12-31 173.96 128.34 108.29
2015-09-30 173.96 128.34 108.29
2015-06-30 163.65 114.89 94.55
2015-03-31 163.65 114.89 94.55
2014-12-31 157.51 138.21 98.45
2014-09-30 157.51 138.21 98.45
2014-06-30 152.44 139.02 79.29
2014-03-31 152.44 139.02 79.29
2013-12-31 152.79 134.06 77.66
2013-09-30 152.79 134.06 77.66
2013-06-30 144.84 135.58 57.74
2013-03-31 144.84 135.58 57.74
2012-12-31 147.95 144.52 71.02
2012-09-30 147.95 144.52 71.02
2012-06-30 151.11 132.01 48.93
2012-03-31 151.11 132.01 48.93
  • Sioen Industries's level of debt (64.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (87.8% vs 64.2% today).
  • Debt is well covered by operating cash flow (31.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 28.7x coverage).
X
Financial health checks
We assess Sioen Industries'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. Sioen Industries has a total score of 5/6, 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.

SIOE Dividends

 What is Sioen Industries'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
2.42%
Current annual income from Sioen Industries dividends. Estimated to be 2.87% next year.
If you bought €2,000 of Sioen Industries shares you are expected to receive €48 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?
  • Sioen Industries's pays a higher dividend yield than the bottom 25% of dividend payers in Belgium (2.06%).
  • Sioen Industries's dividend is below the markets top 25% of dividend payers in Belgium (4.87%).
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
ENXTBR:SIOE 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 3 Analyst Estimates (S&P Global) See Below
Europe Luxury Industry Average Dividend Yield Market Cap Weighted Average of 54 Stocks 1.7%
Belgium Market Average Dividend Yield Market Cap Weighted Average of 77 Stocks 3.2%
Belgium Minimum Threshold Dividend Yield 10th Percentile 1.3%
Belgium Bottom 25% Dividend Yield 25th Percentile 2.1%
Belgium Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

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

ENXTBR:SIOE Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.89 1.00
2021-12-31 0.75 2.00
2020-12-31 0.71 2.00
2019-12-31 0.66 2.00
ENXTBR:SIOE Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-02-28 0.620 2.475
2018-03-27 0.560 2.199
2018-02-28 0.560 1.867
2017-03-28 0.530 1.829
2017-02-24 0.530 1.972
2016-03-29 0.480 2.114
2016-02-29 0.480 2.710
2015-03-24 0.370 2.325
2015-02-27 0.370 2.500
2014-03-25 0.330 3.020
2014-02-28 0.330 3.539
2013-03-26 0.310 4.075
2013-03-01 0.310 4.322
2012-03-27 0.270 4.844
2011-03-31 0.250 4.367
2011-03-29 0.250 3.781
2010-03-01 0.080 1.523
2010-01-15 0.080 1.798
2009-03-23 0.080 2.006

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Sioen Industries's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.5x coverage).
X
Income/ dividend checks
We assess Sioen Industries's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - 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 Sioen Industries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sioen Industries 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.

SIOE Management

 What is the CEO of Sioen Industries'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
Michèle Sioen
COMPENSATION €750,052
AGE 53
CEO Bio

Mrs. Michèle Sioen has been the Chief Executive Officer of Sioen Industries NV since 2005 and has been its Managing Director since March 22, 2005 and serves as its Member of Management Committee. She serves as Member of the Board of Sofina Société Anonyme. Mrs. Sioen has been the President of Febeltex Bruxelles-Wallonie since 2001. She is permanent representative of MJS Consulting bvba. She served as a Head of Coating Division of Sioen Industries NV. Since 1988, Mrs. Sioen started her career at Atoll (IT-sector). She also serves as the President of the social board. She has been an Independent Non-Executive Director of S.A. D'Ieteren N.V. since May 26, 2011. Mrs. Sioen has been an Executive Director at Sioen Industries NV since 1990. She is a Director at IMMOBEL SA. She served as the Chairman of Fedustria until 2010. She served as Deputy Chairman of the FEB. She served as a Non-Executive Director of ING Belgium SA/NV from May 2011 to November 30, 2016. She served as a Director of Belgacom SA since 2006. Mrs. Sioen holds a Degree in Economics and several Post-university Degrees.

CEO Compensation
  • Michèle's compensation has been consistent with company performance over the past year.
  • Michèle's remuneration is higher than average for companies of similar size in Belgium.
Management Team

Michèle Sioen

TITLE
CEO, MD
COMPENSATION
€750K
AGE
53

Pascale Sioen

TITLE
CEO of Sioen Chemicals
COMPENSATION
€22K

Geert Asselman

TITLE
CFO, Secretary & Member of Management Committee

Michel Devos

TITLE
CEO of Non Direct Coating Companies & Member of Management Committee

Bart Vervaecke

TITLE
CEO of Apparel Division & Member of Management Committee

Robrecht Maesen

TITLE
Secretary of Management Committee
TENURE
3.4 yrs
Board of Directors Tenure

Average tenure and age of the Sioen Industries board of directors in years:

3.2
Average Tenure
60.5
Average Age
  • The tenure for the Sioen Industries board of directors is about average.
Board of Directors

Michel Delbaere

TITLE
Chairman
COMPENSATION
€46K
AGE
65
TENURE
2.8 yrs

Michèle Sioen

TITLE
CEO, MD
COMPENSATION
€750K
AGE
53

Pascale Sioen

TITLE
CEO of Sioen Chemicals
COMPENSATION
€22K

Ridder Vandewalle

TITLE
Non-Executive Director
COMPENSATION
€32K
AGE
74

Jacqueline Sioen-Zoete

TITLE
Non Executive Director
COMPENSATION
€165K
AGE
76

Danielle Parein-Sioen

TITLE
Non-Executive Director
COMPENSATION
€22K

Pierre Macharis

TITLE
Non-Executive Independent Director
COMPENSATION
€18K
AGE
56
TENURE
3.2 yrs

Dirk Meeus

TITLE
Non-Executive Independent Director
COMPENSATION
€24K
AGE
52
TENURE
3.2 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 Sioen Industries'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. Sioen Industries 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.

SIOE News

Simply Wall St News

Should You Be Holding Sioen Industries NV (EBR:SIOE)?

Attractive stocks have exceptional fundamentals. … In the case of Sioen Industries NV (EBR:SIOE), there's … , dividend-paying company with a

Simply Wall St -

Sioen Industries NV (EBR:SIOE): Cash Is King

Two important questions to ask before you buy Sioen Industries NV (EBR:SIOE) is, how it makes money and how it spends its cash. … Sioen Industries generates cash through its day-to-day business, which needs to be reinvested into the company in order for it to continue operating. … I will be analysing Sioen Industries’s FCF by looking at its FCF yield and its operating cash flow growth.

Simply Wall St -

Did Sioen Industries NV (EBR:SIOE) Use Debt To Deliver Its ROE Of 13%?

We'll use ROE to examine Sioen Industries NV (EBR:SIOE), by way of a worked example. … Another way to think of that is that for every €1 worth of equity in the company, it was able to earn €0.13. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Why Sioen Industries NV’s (EBR:SIOE) Return On Capital Employed Is Impressive

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … What is Return On Capital Employed (ROCE)? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Estimating The Fair Value Of Sioen Industries NV (EBR:SIOE)

I am going to run you through how I calculated the intrinsic value of Sioen Industries NV (EBR:SIOE). … by taking the expected future cash flows and discounting them to today's value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model

Simply Wall St -

Here's What Sioen Industries NV's (EBR:SIOE) P/E Is Telling Us

We'll look at Sioen Industries NV's (EBR:SIOE) P/E ratio and reflect on what it tells us about the company's share price. … Based on the last twelve months, Sioen Industries's P/E ratio is 16.99. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Do Directors Own Sioen Industries NV (EBR:SIOE) Shares?

The big shareholder groups in Sioen Industries NV (EBR:SIOE) have power over the company. … With a market capitalization of €424m, Sioen Industries is a small cap stock, so it might not be well known by many institutional investors. … Taking a look at the our data on the ownership groups (below), it's seems that.

Simply Wall St -

Want To Invest In Sioen Industries NV (EBR:SIOE) Today? Read This First

Sioen Industries NV (EBR:SIOE) closed yesterday at €23.15, which left some investors asking whether the high earnings potential can still be justified at this price. … What can we expect from Sioen Industries in the future. … Investors in Sioen Industries have been patiently waiting for the uptick in earnings.

Simply Wall St -

With 10% Earnings Growth, Did Sioen Industries NV (EBR:SIOE) Outperform The Industry?

Today I will assess SIOE's recent performance announced on 30 June 2018 and evaluate these figures to its long-term trend and industry movements. … How Did SIOE's Recent Performance Stack Up Against Its Past. … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 13%, indicating the rate at which SIOE is growing has slowed down

Simply Wall St -

Brief Commentary On Sioen Industries NV's (EBR:SIOE) Fundamentals

In the case of Sioen Industries NV (EBR:SIOE), there's. … that has been able to sustain great financial health over the past … If you're interested in understanding beyond my high-level commentary,

Simply Wall St -

SIOE Company Info

Description

Sioen Industries NV produces and markets man-made yarns, fibers, technical textiles, composites, professional protective clothing, and fine chemicals worldwide. The company’s Coating division offers yarns and woven fabrics; non-woven fabrics, including films and sheets for automotive and industrial sector; technical felts and filters; coated technical textiles; and finished products, as well as processes coated fabrics and PVC membranes for industrial applications. Its Apparel division provides professional and chainsaw protective clothing; forestry clothing; firefighters clothing; floatation suits and life jackets; stab, slash, and bullet proof garments; and outdoor leisure wear, hunting, and fishing garments. The company’s Chemicals division provides pigment pastes, decorative inks, and varnishes and inks for digital printing for various markets. It also engages in real estate activities. Sioen Industries NV was founded in 1960 and is headquartered in Ardooie, Belgium. Sioen Industries NV is a subsidiary of Sihold NV.

Details
Name: Sioen Industries NV
SIOE
Exchange: ENXTBR
Founded: 1960
€506,366,284
19,779,933
Website: http://www.sioen.com
Address: Sioen Industries NV
Fabriekstraat 23,
Ardooie,
West Flanders, 8850,
Belgium
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTBR SIOE Ordinary Shares Euronext Brussels BE EUR 23. Oct 1996
LSE 0NOH Ordinary Shares London Stock Exchange GB EUR 23. Oct 1996
BATS-CHIXE SIOEB Ordinary Shares BATS 'Chi-X Europe' GB EUR 23. Oct 1996
Number of employees
Current staff
Staff numbers
4,756
Sioen Industries employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 20:44
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2019/03/18
Last earnings filing: 2019/02/28
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.