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HES

Hydraulic Elements and Systems AD BUL:HES Stock Report

Last Price

лв6.80

Market Cap

лв123.7m

7D

0%

1Y

15.3%

Updated

14 Aug, 2022

Data

Company Financials
HES fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance2/6
Financial Health5/6
Dividends3/6

HES Stock Overview

Hydraulic Elements and Systems AD designs, manufactures, and sells hydraulic cylinders in Europe, North America, and Asia.

Hydraulic Elements and Systems AD Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Hydraulic Elements and Systems AD
Historical stock prices
Current Share Priceлв6.80
52 Week Highлв7.10
52 Week Lowлв5.80
Beta0.27
1 Month Change3.03%
3 Month Change-3.55%
1 Year Change15.25%
3 Year Change41.67%
5 Year Change23.52%
Change since IPO104.00%

Recent News & Updates

May 24
Hydraulic Elements and Systems AD's (BUL:HES) Shareholders Will Receive A Bigger Dividend Than Last Year

Hydraulic Elements and Systems AD's (BUL:HES) Shareholders Will Receive A Bigger Dividend Than Last Year

Hydraulic Elements and Systems AD ( BUL:HES ) will increase its dividend on the 7th of July to лв0.31. This will take...

Shareholder Returns

HESBG MachineryBG Market
7D0%2.1%0.9%
1Y15.3%19.7%9.5%

Return vs Industry: HES underperformed the BG Machinery industry which returned 19.7% over the past year.

Return vs Market: HES exceeded the BG Market which returned 9.5% over the past year.

Price Volatility

Is HES's price volatile compared to industry and market?
HES volatility
HES Average Weekly Movement2.9%
Machinery Industry Average Movement5.7%
Market Average Movement5.2%
10% most volatile stocks in BG Market8.8%
10% least volatile stocks in BG Market2.5%

Stable Share Price: HES is less volatile than 75% of BG stocks over the past 3 months, typically moving +/- 3% a week.

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

About the Company

FoundedEmployeesCEOWebsite
1968586n/ahttps://www.hes.bg

Hydraulic Elements and Systems AD designs, manufactures, and sells hydraulic cylinders in Europe, North America, and Asia. The company offers piston hydraulic cylinders for agriculture machines, presses, conveyers etc.; plunger hydraulic cylinders for presses, forklifts, lifting platforms, etc.; telescopic hydraulic cylinders for dumping trailers or dumper vehicles, forklifts, lifting platforms, garbage trucks and transfer trailers, and roll-on/roll-off trucks; and rack cylinders, as well as provides axial piston machines. Its products are also used in construction machinery; mining machinery and equipment; community waste collection and cleaning machines; ships and harbor works; and forestry machines.

Hydraulic Elements and Systems AD Fundamentals Summary

How do Hydraulic Elements and Systems AD's earnings and revenue compare to its market cap?
HES fundamental statistics
Market Capлв123.72m
Earnings (TTM)лв8.97m
Revenue (TTM)лв86.02m

13.8x

P/E Ratio

1.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HES income statement (TTM)
Revenueлв86.02m
Cost of Revenueлв47.69m
Gross Profitлв38.33m
Other Expensesлв29.37m
Earningsлв8.97m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.49
Gross Margin44.56%
Net Profit Margin10.42%
Debt/Equity Ratio6.7%

How did HES perform over the long term?

See historical performance and comparison

Dividends

4.6%

Current Dividend Yield

63%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is HES undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for HES?

Other financial metrics that can be useful for relative valuation.

HES key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.4x
Enterprise Value/EBITDA8.3x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does HES's PE Ratio compare to its peers?

HES PE Ratio vs Peers
The above table shows the PE ratio for HES vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average13.2x
SPH Stara Planina Hold
14.1xn/aлв187.0m
MSH M+S Hydraulic AD
15.4xn/aлв347.0m
VPOM Vipom AD
14.8xn/aлв2.2m
IHB Industrial Holding Bulgaria AD
8.4xn/aлв218.8m
HES Hydraulic Elements and Systems AD
13.8xn/aлв123.7m

Price-To-Earnings vs Peers: HES is expensive based on its Price-To-Earnings Ratio (13.8x) compared to the peer average (13.2x).


Price to Earnings Ratio vs Industry

How does HES's PE Ratio compare vs other companies in the European Machinery Industry?

Price-To-Earnings vs Industry: HES is good value based on its Price-To-Earnings Ratio (13.8x) compared to the BG Machinery industry average (13.9x)


Price to Earnings Ratio vs Fair Ratio

What is HES's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HES PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate HES's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of HES when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: HES (BGN6.8) is trading above our estimate of fair value (BGN4.43)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Hydraulic Elements and Systems AD forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


13.1%

Forecasted Capital Goods industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Hydraulic Elements and Systems AD has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


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Past Performance

How has Hydraulic Elements and Systems AD performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


17.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: HES has high quality earnings.

Growing Profit Margin: HES's current net profit margins (10.4%) are lower than last year (15%).


Past Earnings Growth Analysis

Earnings Trend: HES's earnings have grown by 17.4% per year over the past 5 years.

Accelerating Growth: HES's earnings growth over the past year (4.6%) is below its 5-year average (17.4% per year).

Earnings vs Industry: HES earnings growth over the past year (4.6%) underperformed the Machinery industry 28.5%.


Return on Equity

High ROE: HES's Return on Equity (20%) is considered low.


Discover strong past performing companies

Financial Health

How is Hydraulic Elements and Systems AD's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: HES's short term assets (BGN37.0M) exceed its short term liabilities (BGN21.9M).

Long Term Liabilities: HES's short term assets (BGN37.0M) exceed its long term liabilities (BGN939.0K).


Debt to Equity History and Analysis

Debt Level: HES has more cash than its total debt.

Reducing Debt: HES's debt to equity ratio has increased from 0.1% to 6.7% over the past 5 years.

Debt Coverage: HES's debt is well covered by operating cash flow (202.1%).

Interest Coverage: HES's interest payments on its debt are well covered by EBIT (593.4x coverage).


Balance Sheet


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Dividend

What is Hydraulic Elements and Systems AD current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


4.56%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: HES's dividend (4.56%) is higher than the bottom 25% of dividend payers in the BG market (1.31%).

High Dividend: HES's dividend (4.56%) is low compared to the top 25% of dividend payers in the BG market (6.12%).


Stability and Growth of Payments

Stable Dividend: HES's dividend payments have been volatile in the past 10 years.

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


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (62.9%), HES's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (256%), HES's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

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


CEO

Hydraulic Elements and Systems AD has no CEO, or we have no data on them.


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

Hydraulic Elements and Systems AD's employee growth, exchange listings and data sources


Key Information

  • Name: Hydraulic Elements and Systems AD
  • Ticker: HES
  • Exchange: BUL
  • Founded: 1968
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Implied Market Cap: лв123.718m
  • Shares outstanding: 18.19m
  • Website: https://www.hes.bg

Number of Employees


Location

  • Hydraulic Elements and Systems AD
  • 1 Pirin Street
  • Yambol
  • Bulgaria

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/14 00:00
End of Day Share Price2022/08/12 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.