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BayWa

SWX:BYW6
Snowflake Description

Acceptable track record with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BYW6
SWX
€904M
Market Cap
  1. Home
  2. CH
  3. Capital Goods
Company description

BayWa Aktiengesellschaft provides wholesale, retail, logistics, and support and consultancy services in the agriculture, building materials, and energy sectors in Germany and internationally. The last earnings update was 39 days ago. More info.


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BYW6 Share Price and Events
7 Day Returns
0%
SWX:BYW6
2.3%
Europe Trade Distributors
0.7%
CH Market
1 Year Returns
-15.8%
SWX:BYW6
-3.1%
Europe Trade Distributors
7.7%
CH Market
BYW6 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
BayWa (BYW6) 0% 0% 0% -15.8% -6.6% -
Europe Trade Distributors 2.3% 4.7% 5.5% -3.1% 32.2% 43.3%
CH Market 0.7% 3% 4% 7.7% 20.9% 14.3%
1 Year Return vs Industry and Market
  • BYW6 underperformed the Trade Distributors industry which returned -3.1% over the past year.
  • BYW6 underperformed the Market in Switzerland which returned 7.7% over the past year.
Price Volatility
BYW6
Industry
5yr Volatility vs Market

BYW6 Value

 Is BayWa 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 BayWa 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 BayWa.

SWX:BYW6 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 15.2%
Perpetual Growth Rate 10-Year CH Government Bond Rate 3.3%

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 SWX:BYW6
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CH Govt Bond Rate 3.3%
Equity Risk Premium S&P Global 6%
Trade Distributors Unlevered Beta Simply Wall St/ S&P Global 0.93
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.925 (1 + (1- 30%) (449.57%))
2.901
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.28% + (2 * 5.96%)
15.2%

Discounted Cash Flow Calculation for SWX:BYW6 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for BayWa 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.

SWX:BYW6 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 15.2%)
2019 57.73 Analyst x3 50.12
2020 69.04 Analyst x5 52.03
2021 116.95 Analyst x4 76.51
2022 112.35 Analyst x2 63.80
2023 124.30 Analyst x2 61.28
2024 134.31 Est @ 8.06% 57.48
2025 143.21 Est @ 6.62% 53.20
2026 151.25 Est @ 5.62% 48.78
2027 158.69 Est @ 4.92% 44.43
2028 165.71 Est @ 4.42% 40.27
Present value of next 10 years cash flows €547.89
SWX:BYW6 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €165.71 × (1 + 3.28%) ÷ (15.2% – 3.28%)
€1,435.69
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €1,435.69 ÷ (1 + 15.2%)10
€348.92
SWX:BYW6 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €547.89 + €348.92
€896.81
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €896.81 / 35.12
€25.54
SWX:BYW6 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in SWX:BYW6 represents 0.89355x of DB:BYW
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.89355x
Value per Share
(Listing Adjusted, CHF)
= Value per Share (EUR) x Listing Adjustment Factor
= € 25.54 x 0.89355
CHF22.82
Value per share (CHF) From above. CHF22.82
Current discount Discount to share price of CHF27.70
= -1 x (CHF27.70 - CHF22.82) / CHF22.82
-21.4%

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

  • The current share price of BayWa is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 BayWa's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are BayWa's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SWX:BYW6 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €1.06
DB:BYW Share Price ** DB (2019-06-21) in EUR €31
Europe Trade Distributors Industry PE Ratio Median Figure of 70 Publicly-Listed Trade Distributors Companies 14.21x
Switzerland Market PE Ratio Median Figure of 174 Publicly-Listed Companies 18.19x

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

** Primary Listing of BayWa.

SWX:BYW6 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= DB:BYW Share Price ÷ EPS (both in EUR)

= 31 ÷ 1.06

29.27x

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

  • BayWa is overvalued based on earnings compared to the Europe Trade Distributors industry average.
  • BayWa is overvalued based on earnings compared to the Switzerland market.
Price based on expected Growth
Does BayWa's expected growth come at a high price?
Raw Data
SWX:BYW6 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 29.27x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
26.6%per year
Europe Trade Distributors Industry PEG Ratio Median Figure of 33 Publicly-Listed Trade Distributors Companies 1.96x
Switzerland Market PEG Ratio Median Figure of 124 Publicly-Listed Companies 2.23x

*Line of best fit is calculated by linear regression .

SWX:BYW6 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 29.27x ÷ 26.6%

1.1x

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

  • BayWa is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on BayWa's assets?
Raw Data
SWX:BYW6 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €30.36
DB:BYW Share Price * DB (2019-06-21) in EUR €31
Europe Trade Distributors Industry PB Ratio Median Figure of 85 Publicly-Listed Trade Distributors Companies 1.22x
Switzerland Market PB Ratio Median Figure of 215 Publicly-Listed Companies 1.69x
SWX:BYW6 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= DB:BYW Share Price ÷ Book Value per Share (both in EUR)

= 31 ÷ 30.36

1.02x

* Primary Listing of BayWa.

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

  • BayWa is good value based on assets compared to the Europe Trade Distributors industry average.
X
Value checks
We assess BayWa'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 Trade Distributors 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 Trade Distributors industry average (and greater than 0)? (1 check)
  5. BayWa has a total score of 1/6, 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.

BYW6 Future Performance

 How is BayWa 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
26.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is BayWa expected to grow at an attractive rate?
  • BayWa's earnings growth is expected to exceed the low risk savings rate of 3.3%.
Growth vs Market Checks
  • BayWa's earnings growth is expected to exceed the Switzerland market average.
  • BayWa's revenue growth is positive but not above the Switzerland market average.
Annual Growth Rates Comparison
Raw Data
SWX:BYW6 Future Growth Rates Data Sources
Data Point Source Value (per year)
SWX:BYW6 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 26.6%
SWX:BYW6 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 3.1%
Europe Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 10.1%
Europe Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 5.1%
Switzerland Market Earnings Growth Rate Market Cap Weighted Average 10.6%
Switzerland Market Revenue Growth Rate Market Cap Weighted Average 3.8%

*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
SWX:BYW6 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 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.
SWX:BYW6 Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 19,471 229 4
2022-12-31 18,840 219 4
2021-12-31 18,237 228 70 4
2020-12-31 17,648 233 63 5
2019-12-31 17,269 262 37 3
SWX:BYW6 Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-03-31 16,919 37
2018-12-31 16,637 -452 32
2018-09-30 16,280 -7
2018-06-30 16,290 -309 7
2018-03-31 16,052 6
2017-12-31 16,063 -170 39
2017-09-30 15,961 32
2017-06-30 16,005 445 46
2017-03-31 15,757 47
2016-12-31 15,418 209 31
2016-09-30 15,275 127 45
2016-06-30 14,972 67 50

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • BayWa's earnings are expected to grow significantly at over 20% yearly.
  • BayWa's revenue is expected to grow by 3.1% 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
SWX:BYW6 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 5 Analyst Estimates (S&P Global) See Below

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

SWX:BYW6 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 1.98 2.34 1.62 2.00
2020-12-31 1.82 2.09 1.33 3.00
2019-12-31 1.05 1.05 1.05 1.00
SWX:BYW6 Past Financials Data
Date (Data in EUR Millions) EPS *
2019-03-31 1.06
2018-12-31 0.92
2018-09-30 -0.19
2018-06-30 0.21
2018-03-31 0.16
2017-12-31 1.13
2017-09-30 0.91
2017-06-30 1.32
2017-03-31 1.34
2016-12-31 0.90
2016-09-30 1.29
2016-06-30 1.44

*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.
  • BayWa is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess BayWa'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.
BayWa has a total score of 3/6, 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.

BYW6 Past Performance

  How has BayWa 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 BayWa's growth in the last year to its industry (Trade Distributors).
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.
  • BayWa's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • BayWa's 1-year earnings growth exceeds its 5-year average (574.5% vs -22.6%)
  • BayWa's earnings growth has exceeded the Europe Trade Distributors industry average in the past year (574.5% vs 16.8%).
Earnings and Revenue History
BayWa'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 BayWa Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SWX:BYW6 Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 16,918.50 37.10 1,143.10
2018-12-31 16,636.50 32.30 1,121.40
2018-09-30 16,279.97 -6.56 1,042.05
2018-06-30 16,289.57 7.25 1,025.55
2018-03-31 16,052.10 5.50 1,059.50
2017-12-31 16,063.30 39.30 1,051.10
2017-09-30 15,960.69 32.05 978.32
2017-06-30 16,004.94 46.02 964.40
2017-03-31 15,757.10 46.83 947.88
2016-12-31 15,417.73 31.13 933.09
2016-09-30 15,274.52 44.94 920.19
2016-06-30 14,971.98 50.06 907.01
2016-03-31 14,951.64 41.03 900.87
2015-12-31 14,931.95 48.20 891.54
2015-09-30 14,863.07 64.43 935.06
2015-06-30 14,935.23 46.91 930.71
2015-03-31 15,043.69 54.84 914.97
2014-12-31 15,207.12 61.43 905.16
2014-09-30 15,244.94 24.01 908.65
2014-06-30 15,378.10 28.73 908.53
2014-03-31 15,860.69 107.54 908.18
2013-12-31 15,959.82 98.20 903.51
2013-09-30 14,839.03 139.10 881.62
2013-06-30 13,677.93 149.54 861.02
2013-03-31 12,029.56 92.31 840.58
2012-12-31 10,536.07 96.71 821.17
2012-09-30 10,401.18 37.45 812.32
2012-06-30 10,133.62 43.01 802.13

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

BYW6 Health

 How is BayWa'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 BayWa's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • BayWa is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • BayWa's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of BayWa'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 1.4x 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 BayWa Company Filings, last reported 2 months ago.

SWX:BYW6 Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,362.80 4,064.40 262.30
2018-12-31 1,389.10 3,295.70 122.50
2018-09-30 1,333.30 3,004.40 101.70
2018-06-30 1,363.80 2,568.30 128.10
2018-03-31 1,391.00 2,581.50 110.50
2017-12-31 1,435.60 2,493.00 107.50
2017-09-30 1,119.80 2,953.05 344.21
2017-06-30 1,111.56 2,764.25 236.52
2017-03-31 1,108.44 2,815.27 274.18
2016-12-31 1,098.35 2,797.07 106.41
2016-09-30 1,074.63 2,825.42 131.71
2016-06-30 1,068.71 2,613.75 86.17
2016-03-31 1,053.28 2,704.25 104.07
2015-12-31 1,075.90 2,548.15 86.60
2015-09-30 1,096.15 2,395.04 133.36
2015-06-30 1,088.50 2,206.27 113.25
2015-03-31 1,122.33 2,207.74 127.45
2014-12-31 1,050.38 2,286.76 110.57
2014-09-30 1,136.10 2,054.43 97.97
2014-06-30 1,189.07 1,728.13 106.94
2014-03-31 1,182.77 1,736.10 97.44
2013-12-31 1,181.99 1,767.86 94.24
2013-09-30 1,159.69 1,700.85 96.36
2013-06-30 1,157.31 1,647.06 88.54
2013-03-31 1,075.96 1,891.72 70.62
2012-12-31 1,077.96 1,546.90 85.18
2012-09-30 1,138.64 1,736.93 73.50
2012-06-30 1,125.12 1,398.47 80.35
  • BayWa's level of debt (298.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (146.8% vs 298.2% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are not well covered by earnings (EBIT is 2.2x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess BayWa'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. BayWa has a total score of 2/6, 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.

BYW6 Dividends

 What is BayWa'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
2.9%
Current annual income from BayWa dividends. Estimated to be 3.55% next year.
If you bought CHF2,000 of BayWa shares you are expected to receive CHF58 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?
  • BayWa's pays a higher dividend yield than the bottom 25% of dividend payers in Switzerland (1.97%).
  • BayWa's dividend is below the markets top 25% of dividend payers in Switzerland (3.7%).
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
SWX:BYW6 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 Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 62 Stocks 2.6%
Switzerland Market Average Dividend Yield Market Cap Weighted Average of 166 Stocks 3%
Switzerland Minimum Threshold Dividend Yield 10th Percentile 1.3%
Switzerland Bottom 25% Dividend Yield 25th Percentile 2%
Switzerland Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

SWX:BYW6 Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 1.05 2.00
2020-12-31 1.18 3.00
2019-12-31 0.95 1.00
SWX:BYW6 Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-28 0.900 2.845
2018-03-28 0.900 2.930
2017-03-30 0.850 2.574
2016-04-01 0.850 2.726
2016-03-30 0.850 2.812
2015-03-26 0.800 2.325
2014-03-11 0.750 1.968
2013-03-11 0.650 1.615
2012-08-02 0.600 1.653
2012-03-09 0.600 2.008
2011-03-29 0.500 1.636
2010-03-01 0.400 1.297
2010-01-04 0.400 1.377

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

  • Whilst dividend payments have been stable, BayWa has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but BayWa only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of BayWa's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.6x coverage).
X
Income/ dividend checks
We assess BayWa'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 BayWa afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. BayWa has a total score of 3/6, see the detailed checks below.


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

BYW6 Management

 What is the CEO of BayWa'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
Klaus Lutz
AGE 59
TENURE AS CEO 10.9 years
CEO Bio

Prof. Klaus Josef Lutz has been the Chairman of the Management Board and Chief Executive Officer at BayWa AG at WKN USA, LLC since July 1, 2008. Prof. Lutz is responsible at BayWa for the Building Materials Segment as well as for Personnel, Corporate Business Development, Marketing, PR/Corporate Communication and Internal Audit. He served as the Chief Executive Officer of Süddeutscher Verlag GmbH from 2002 to 2008 and also served as its Head of Business Development. He served as General Manager of Digital Equipment GmbH, Chief Executive Officer of DITEC Informationstechnologie AG, General Manager of Burda Druck GmbH and Chief Executive Officer of i-center Beteiligungen AG. Prof. Lutz served as the General Manager of Süddeutscher Verlag GmbH. He has been the Chairman and Director of T&G Global Limited since April 3, 2012. He serves as the Chairman of Supervisory Board at Cefetra BV. He serves as Chairman of Unser Lagerhaus Warenhandelsgesellschaft m.b.H. He serves as the Chairman of supervisory board at GoodMills Deutschland GmbH and VK Muehlen AG. He serves as the Chairman of Supervisory Board at Euro Pool System International B.V. He serves as Vice Chairman of RWA Raiffeisen Ware Austria AG. He serves as 1st Deputy Member of the Supervisory Board at RWA Raiffeisen Ware Austria AG. He has been a Member of Supervisory Board at Graphit Kropfmuehl AG since May 6, 2008. He serves as a Member of the Supervisory Board at MAN Nutzfahrzeuge AG; BRVG GmbH; RENERCO Renewable Energy Concepts AG; DRWZ; Eramon AG; Raiffeisen- und Volksbank Touristik and RWA Raiffeisen Ware Austria AG. He serves as Member of Advisory Council at DZ Bank AG. He is an attorney of law. Prof. Lutz holds a Law Degree from the LMU in Munich.

CEO Compensation
  • Insufficient data for Klaus to compare compensation growth.
  • Insufficient data for Klaus to establish whether their remuneration is reasonable compared to companies of similar size in Switzerland.
Management Team Tenure

Average tenure of the BayWa management team in years:

5
Average Tenure
  • The tenure for the BayWa management team is about average.
Management Team

Klaus Lutz

TITLE
Chairman of the Management Board & CEO
AGE
59
TENURE
10.9 yrs

Andreas Helber

TITLE
CFO & Member of the Management Board
TENURE
8.6 yrs

Reinhard Wolf

TITLE
Member of the Management Board
AGE
58
TENURE
5.8 yrs

Matthias Taft

TITLE
Member of the Management Board
TENURE
4.2 yrs

Marcus Pöllinger

TITLE
Member of Management Board
TENURE
0.6 yrs

Josko Radeljic

TITLE
Head of Investor Relations

Marion Meyer

TITLE
Head of Grain Trading In Germany
TENURE
2.1 yrs
Board of Directors Tenure

Average tenure of the BayWa board of directors in years:

5
Average Tenure
  • The tenure for the BayWa board of directors is about average.
Board of Directors

Manfred Nüssel

TITLE
Chairman of the Supervisory Board & Vice Chairman of the Cooperative Council

Werner Waschbichler

TITLE
Vice Chairman of the Supervisory Board
TENURE
1 yrs

Klaus Buchleitner

TITLE
Vice Chairman of Supervisory Board
AGE
54

Wolfgang Altmüller

TITLE
Member of Supervisory Board
AGE
52
TENURE
5 yrs

Karlheinz Kipke

TITLE
Chairman of the Cooperative Council
TENURE
2.8 yrs

Gerd Sonnleitner

TITLE
Member of the Cooperative Council

Franz Kustner

TITLE
Member of the Cooperative Council

Martin Körner

TITLE
Member of the Cooperative Council
TENURE
15.9 yrs

Martin Empl

TITLE
Member of the Cooperative Council

Theo Bergmann

TITLE
Member of Supervisory Board
TENURE
6 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 (CHF) Value (CHF)
X
Management checks
We assess BayWa'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. BayWa 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.

BYW6 News

Simply Wall St News

BYW6 Company Info

Description

BayWa Aktiengesellschaft provides wholesale, retail, logistics, and support and consultancy services in the agriculture, building materials, and energy sectors in Germany and internationally. Its Agriculture segment trades in agricultural resources, such as fertilizers, crop protection, grains, seeds, and feedstuff; collects, stores, and sells harvested produce; and supplies dessert and organic pome fruits. This segment also offers a line of machinery, equipment, and facilities for agricultural; municipal vehicles, road sweeping vehicles, mobile facilities for wood shredding, and forklift trucks; forestry tractors, wood splitting and chipping machinery, forest milling cutters and mulchers, cable winches, and road and path construction machinery; and appliances, such as chainsaws, brush cutters, and protective clothing. In addition, it operates a network of workshops and mobile service vehicles to provide maintenance and repair services. The company’s Energy segment sells heating oil, fuels, lubricants, and wood pellets to commercial and private customers; plans, manages, and constructs wind power, photovoltaic, and biomass plants; and owns wind and biogas plants, as well as trades in photovoltaic components. Its Building Materials segment trades in building materials for small and mid-sized companies, tradesmen, commercial enterprises, and municipalities, as well as private developers and homeowners. This segment also acts as franchiser for DIY and garden centers. The company’s Innovation & Digitalisation segment develops and markets digital products, such as Agrar office and NEXT Farming software solutions; and offers digital map material, analysis, and advisory services, as well as hardware components. This segment is also involved in the e-commerce activities. BayWa Aktiengesellschaft was founded in 1923 and is headquartered in Munich, Germany.

Details
Name: BayWa Aktiengesellschaft
BYW6
Exchange: SWX
Founded: 1923
€1,003,460,471
35,118,648
Website: http://www.baywa.com
Address: BayWa Aktiengesellschaft
Arabellastrasse 4,
Munich,
Bavaria, 81925,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
DB BYW Registered Shares Deutsche Boerse AG DE EUR 02. Jan 1992
XTRA BYW Registered Shares XETRA Trading Platform DE EUR 02. Jan 1992
LSE 0AH6 Registered Shares London Stock Exchange GB EUR 02. Jan 1992
BATS-CHIXE BYWD Registered Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
DB BYW6 Restricted Registered Shares Deutsche Boerse AG DE EUR 02. Jan 1992
XTRA BYW6 Restricted Registered Shares XETRA Trading Platform DE EUR 02. Jan 1992
LSE 0AH7 Restricted Registered Shares London Stock Exchange GB EUR 02. Jan 1992
SWX BYW6 Restricted Registered Shares SIX Swiss Exchange CH CHF 02. Jan 1992
WBAG BYW6 Restricted Registered Shares Wiener Boerse AG AT EUR 02. Jan 1992
BATS-CHIXE BYW6D Restricted Registered Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
17,864
BayWa employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/23 21:40
End of day share price update: 2019/06/21 00:00
Last estimates confirmation: 2019/06/04
Last earnings filing: 2019/05/15
Last earnings reported: 2019/03/31
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.