ENXTBR:RES

Stock Analysis Report

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Market Cap

€355.0m

Last Updated

2021/07/22 21:54 UTC

Data Sources

Company Financials +

Executive Summary

Resilux NV manufactures and sells polyethylene terephthalate (PET) preforms and bottles worldwide. More Details


Snowflake Analysis

Flawless balance sheet, good value and pays a dividend.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: RES is not significantly more volatile than the rest of Belgian stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: RES's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

0%

RES

1.0%

BE Packaging

0.5%

BE Market


1 Year Return

39.9%

RES

34.6%

BE Packaging

22.8%

BE Market

Return vs Industry: RES exceeded the Belgian Packaging industry which returned 33% over the past year.

Return vs Market: RES exceeded the Belgian Market which returned 20.9% over the past year.


Shareholder returns

RESIndustryMarket
7 Day0%1.0%0.5%
30 Day5.0%2.1%-0.2%
90 Day4.7%5.4%4.4%
1 Year41.7%39.9%38.1%34.6%24.4%22.8%
3 Year21.0%15.8%33.5%23.8%-0.9%-5.7%
5 Year47.2%24.6%76.9%54.4%-2.3%-11.4%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: RES (€177) is trading below our estimate of fair value (€2225.87)

Significantly Below Fair Value: RES is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: RES is good value based on its PE Ratio (15.6x) compared to the European Packaging industry average (16.1x).

PE vs Market: RES is good value based on its PE Ratio (15.6x) compared to the Belgian market (16.6x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: RES's PB Ratio (2.2x) is in line with the XE Packaging industry average.


Future Growth

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

7.4%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if RES's forecast earnings growth is above the savings rate (1.2%).

Earnings vs Market: Insufficient data to determine if RES's earnings are forecast to grow faster than the Belgian market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: RES's revenue (7.4% per year) is forecast to grow faster than the Belgian market (5.2% per year).

High Growth Revenue: RES's revenue (7.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Past Performance

How has Resilux performed over the past 5 years?

-18.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RES has high quality earnings.

Growing Profit Margin: RES's current net profit margins (6.1%) are higher than last year (4%).


Past Earnings Growth Analysis

Earnings Trend: RES's earnings have declined by 18.5% per year over the past 5 years.

Accelerating Growth: RES's earnings growth over the past year (38.8%) exceeds its 5-year average (-18.5% per year).

Earnings vs Industry: RES earnings growth over the past year (38.8%) exceeded the Packaging industry 13.3%.


Return on Equity

High ROE: RES's Return on Equity (14.3%) is considered low.


Financial Health

How is Resilux's financial position?


Financial Position Analysis

Short Term Liabilities: RES's short term assets (€137.4M) exceed its short term liabilities (€90.8M).

Long Term Liabilities: RES's short term assets (€137.4M) exceed its long term liabilities (€20.6M).


Debt to Equity History and Analysis

Debt Level: RES's debt to equity ratio (20.2%) is considered satisfactory.

Reducing Debt: RES's debt to equity ratio has reduced from 54.8% to 20.2% over the past 5 years.

Debt Coverage: RES's debt is well covered by operating cash flow (157.3%).

Interest Coverage: RES's interest payments on its debt are well covered by EBIT (27.8x coverage).


Balance Sheet


Dividend

What is Resilux current dividend yield, its reliability and sustainability?

1.69%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: RES's dividend (1.69%) is higher than the bottom 25% of dividend payers in the Belgian market (1.43%).

High Dividend: RES's dividend (1.69%) is low compared to the top 25% of dividend payers in the Belgian market (4.46%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (26.4%), RES's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

2.3yrs

Average board tenure


CEO

Dirk De Cuyper

no data

Tenure

€955,000

Compensation

Mr. Dirk De Cuyper is the Co-Founder and Chief Executive Officer at Dorge Medic SA. Mr. De Cuyper serves as the Chief Executive Officer and Managing Director of Resilux SA. From 1985 to 1987, Mr. De Cuyper...


CEO Compensation Analysis

Compensation vs Market: Dirk's total compensation ($USD1.13M) is above average for companies of similar size in the Belgian market ($USD703.36K).

Compensation vs Earnings: Insufficient data to compare Dirk's compensation with company performance.


Board Members

Experienced Board: RES's board of directors are not considered experienced ( 2.3 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

Resilux NV's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Resilux NV
  • Ticker: RES
  • Exchange: ENXTBR
  • Founded: 1992
  • Industry: Metal and Glass Containers
  • Sector: Materials
  • Market Cap: €354.992m
  • Shares outstanding: 2.01m
  • Website: https://www.resilux.com

Number of Employees


Location

  • Resilux NV
  • Damstraat 4
  • Wetteren
  • East Flanders
  • 9230
  • Belgium

Listings


Biography

Resilux NV manufactures and sells polyethylene terephthalate (PET) preforms and bottles worldwide. Its preforms and bottles are used for packaging water, carbonated soft drinks, edible oils, ketchup, deter...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/22 21:54
End of Day Share Price2021/07/22 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.