SWX:HLE

Stock Analysis Report

Executive Summary

HELLA GmbH & Co. KGaA, together with its subsidiaries, develops, manufactures, and sells lighting and electronic components and systems for automotive industry worldwide.

Snowflake

Fundamentals

Excellent balance sheet with solid track record.


Similar Companies

Share Price & News

How has HELLA GmbH KGaA's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

SWX:HLE

0.4%

CH Auto Components

-0.08%

CH Market


1 Year Return

-7.6%

SWX:HLE

-17.4%

CH Auto Components

6.6%

CH Market

HLE outperformed the Auto Components industry which returned -17.4% over the past year.

HLE underperformed the Market in Switzerland which returned 6.6% over the past year.


Share holder returns

HLEIndustryMarket
7 Day0%0.4%-0.08%
30 Day0%15.9%2.9%
90 Day0%-0.8%0.8%
1 Year-5.6%-7.6%-14.5%-17.4%12.2%6.6%
3 Yearn/a-11.8%-18.9%32.3%15.4%
5 Yearn/a19.2%5.7%34.5%13.4%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

7.69x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

HELLA GmbH KGaA's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

HELLA GmbH KGaA's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

HELLA GmbH KGaA is good value based on earnings compared to the Europe Auto Components industry average.

HELLA GmbH KGaA is good value based on earnings compared to the Switzerland market.


Price Based on Expected Growth

HELLA GmbH KGaA earnings are not expected to grow next year, we can't assess if its growth is good value.


Price Based on Value of Assets

HELLA GmbH KGaA is overvalued based on assets compared to the Europe Auto Components industry average.


Next Steps

Future Growth

How is HELLA GmbH KGaA expected to perform in the next 1 to 3 years based on estimates from 18 analysts?

-14.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

HELLA GmbH KGaA's revenue is expected to grow by 3% yearly, however this is not considered high growth (20% yearly).

HELLA GmbH KGaA's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

HELLA GmbH KGaA's revenue growth is positive but not above the Switzerland market average.

HELLA GmbH KGaA's earnings are expected to decrease over the next 1-3 years, this is below the Switzerland market average.

HELLA GmbH KGaA's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 3.3%.


Earnings per Share Growth Estimates


Future Return on Equity

HELLA GmbH KGaA is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has HELLA GmbH KGaA performed over the past 5 years?

19.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

HELLA GmbH KGaA's year on year earnings growth rate has been positive over the past 5 years.

HELLA GmbH KGaA's 1-year earnings growth exceeds its 5-year average (62.1% vs 19.6%)

HELLA GmbH KGaA's earnings growth has exceeded the Europe Auto Components industry average in the past year (62.1% vs -6.3%).


Return on Equity

HELLA GmbH KGaA has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).


Return on Assets

HELLA GmbH KGaA used its assets more efficiently than the Europe Auto Components industry average last year based on Return on Assets.


Return on Capital Employed

HELLA GmbH KGaA's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is HELLA GmbH KGaA's financial position?


Financial Position Analysis

HELLA GmbH KGaA is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

HELLA GmbH KGaA's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

HELLA GmbH KGaA's level of debt (41.3%) 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 (105% vs 41.3% today).

Debt is well covered by operating cash flow (61.9%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 18x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 3x debt.


Next Steps

Dividend

What is HELLA GmbH KGaA's current dividend yield, its reliability and sustainability?

2.42%

Expected Dividend Yield


Upcoming Dividend Payment

Purchase HELLA GmbH KGaA before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

HELLA GmbH KGaA's pays a higher dividend yield than the bottom 25% of dividend payers in Switzerland (1.95%).

HELLA GmbH KGaA's dividend is below the markets top 25% of dividend payers in Switzerland (3.71%).

Whilst dividend payments have been stable, HELLA GmbH KGaA has been paying a dividend for less than 10 years.

Dividend payments have increased, but HELLA GmbH KGaA only paid a dividend in the past 4 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (5.4x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (3.2x coverage).


Next Steps

Management

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

1.7yrs

Average management tenure


CEO

Rolf Breidenbach 0

1.7yrs

Tenure

0

Dr. Rolf Breidenbach has been Member of the Supervisory Board at Dürr Aktiengesellschaft since March 2019. He has been the Chief Executive Officer and President at Hella Kgaa Hueck & Co. of Hella Aglaia M ...


Management Age and Tenure

1.7yrs

Average Tenure

The average tenure for the HELLA GmbH KGaA management team is less than 2 years, this suggests a new team.


Board Age and Tenure

10.7yrs

Average Tenure

The average tenure for the HELLA GmbH KGaA board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Rolf Breidenbach

    Chairman of Management Board

    • Tenure: 1.7yrs
  • Ulric Schäferbarthold (49yo)

    MD of Finance & Controlling and Member of Management Board - Hella Geschäftsführungsgesellschaft mbH

    • Tenure: 2.8yrs
  • Michaela Schafer

    Head of Global Purchasing and CEO of Office & Projects

    • Tenure: 0yrs
  • Werner Benade

    MD of Aftermarket & Special App. and Member of Mgmt Board - Hella Geschäftsführungsgesellschaft mbH

    • Tenure: 2.4yrs
  • Michaela Bittner

    Secretary & Member of Supervisory Board

    • Tenure: 10.7yrs
    • Compensation: €20.00k
  • Frank Huber

    MD of Automotive Lighting & Member of Management Board - Hella Geschäftsführungsgesellschaft mbH

    • Tenure: 1.7yrs
  • Jörg Weisgerber

    Member of Executive Board - Business Division Electronics

    • Tenure: 0yrs
  • Marco Dobrich

    Head of Sensors & the Technical Centre

    • Tenure: 0yrs
  • Carsten Roch

    Head of Assisted & Automated Driving

    • Tenure: 0yrs
  • Nicole Schneider

    MD of Human Resources & Member of Management Board - Hella Geschäftsführungsgesellschaft mbH

    • Tenure: 1.7yrs

Board Members

  • Michael Hoffmann-Becking (76yo)

    Chairman of Supervisory Board

    • Tenure: 15.7yrs
    • Compensation: €50.00k
  • Klaus Kühn (67yo)

    Member of Supervisory Board

    • Tenure: 5.7yrs
    • Compensation: €40.00k
  • Manuel Frenzel

    Member of Supervisory Board

    • Tenure: 5.7yrs
    • Compensation: €20.00k
  • Stephanie Hueck

    Member of Supervisory Board

    • Tenure: 5.7yrs
    • Compensation: €20.00k
  • Elisabeth Fries

    Member of Supervisory Board

    • Tenure: 15.7yrs
    • Compensation: €20.00k
  • Alfons Eilers

    Deputy Chairman of Supervisory Board

    • Tenure: 0yrs
    • Compensation: €30.00k
  • Michaela Bittner

    Secretary & Member of Supervisory Board

    • Tenure: 10.7yrs
    • Compensation: €20.00k
  • Heinrich-Georg Bölter

    Member of Supervisory Board

    • Tenure: 15.7yrs
    • Compensation: €25.67k
  • Manuel Cameselle

    Member of Supervisory Board

    • Tenure: 5.7yrs
    • Compensation: €20.00k
  • Susanna Hülsbömer

    Member of Supervisory Board

    • Tenure: 10.7yrs
    • Compensation: €20.00k

Company Information

HELLA GmbH & Co. KGaA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: HELLA GmbH & Co. KGaA
  • Ticker: HLE
  • Exchange: SWX
  • Founded: 1899
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Market Cap: €4.844b
  • Listing Market Cap: €5.330b
  • Shares outstanding: 111.11m
  • Website: https://www.hella.com

Number of Employees


Location

  • HELLA GmbH & Co. KGaA
  • Rixbecker Strasse 75
  • Lippstadt
  • North Rhine-Westphalia
  • 59552
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HLEDB (Deutsche Boerse AG)YesLimited Partner SharesDEEURNov 2014
HLESWX (SIX Swiss Exchange)YesLimited Partner SharesCHCHFNov 2014
HLEXTRA (XETRA Trading Platform)YesLimited Partner SharesDEEURNov 2014
HLEdBATS-CHIXE (BATS 'Chi-X Europe')YesLimited Partner SharesGBEURNov 2014
111856940BDL (Bourse de Luxembourg)YesLimited Partner SharesLUEURNov 2014
0R3ULSE (London Stock Exchange)YesLimited Partner SharesGBEURNov 2014
HLEWBAG (Wiener Boerse AG)YesLimited Partner SharesATEURNov 2014
HLKH.FOTCPK (Pink Sheets LLC)YesLimited Partner SharesUSUSDNov 2014
HLLG.YOTCPK (Pink Sheets LLC)UNSP ADR EACH REPR 0.50 ORD SHSUSUSDMay 2016
HLEABST (Boerse-Stuttgart)UNSP ADR EACH REPR 0.50 ORD SHSDEEURMay 2016

Biography

HELLA GmbH & Co. KGaA, together with its subsidiaries, develops, manufactures, and sells lighting and electronic components and systems for automotive industry worldwide. It operates through three segments ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/18 21:30
End of Day Share Price2019/09/17 00:00
Earnings2019/05/31
Annual Earnings2019/05/31


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.