SWX:TTK

Stock Analysis Report

Executive Summary

TAKKT AG operates as a business to business direct marketing company for business equipment in Europe and North America.


Snowflake Analysis

Flawless balance sheet, good value and pays a dividend.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: TTK has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

TTK

-9.1%

CH Online Retail

-6.9%

CH Market


1 Year Return

-16.4%

TTK

22.4%

CH Online Retail

8.4%

CH Market

Return vs Industry: TTK underperformed the Swiss Online Retail industry which returned 22.4% over the past year.

Return vs Market: TTK underperformed the Swiss Market which returned 8.4% over the past year.


Shareholder returns

TTKIndustryMarket
7 Day0%-9.1%-6.9%
30 Day0%-4.0%-4.1%
90 Day0%4.4%-1.2%
1 Year-11.3%-16.4%23.0%22.4%13.6%8.4%
3 Year-31.0%-38.8%30.8%29.0%28.5%13.3%
5 Year-6.4%-20.6%62.0%55.4%33.7%13.5%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

17.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TTK (CHF13.72) is trading below our estimate of fair value (CHF16.7)

Significantly Below Fair Value: TTK is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: TTK is good value based on its PE Ratio (8.8x) compared to the Online Retail industry average (17.4x).

PE vs Market: TTK is good value based on its PE Ratio (8.8x) compared to the Swiss market (19.5x).


Price to Earnings Growth Ratio

PEG Ratio: TTK is poor value based on its PEG Ratio (4.3x)


Price to Book Ratio

PB vs Industry: TTK is good value based on its PB Ratio (1.2x) compared to the XE Online Retail industry average (1.7x).


Next Steps

Future Growth

How is TAKKT forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

2.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TTK's forecast earnings growth (2.1% per year) is above the savings rate (-0.6%).

Earnings vs Market: TTK's earnings (2.1% per year) are forecast to grow slower than the Swiss market (11.8% per year).

High Growth Earnings: TTK's earnings are forecast to grow, but not significantly.

Revenue vs Market: TTK's revenue (2.3% per year) is forecast to grow slower than the Swiss market (2.8% per year).

High Growth Revenue: TTK's revenue (2.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TTK's Return on Equity is forecast to be low in 3 years time (11.9%).


Next Steps

Past Performance

How has TAKKT performed over the past 5 years?

5.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TTK has high quality earnings.

Growing Profit Margin: TTK's current net profit margins (7%) are lower than last year (8.4%).


Past Earnings Growth Analysis

Earnings Trend: TTK's earnings have grown by 5.8% per year over the past 5 years.

Accelerating Growth: TTK's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: TTK had negative earnings growth (-11.1%) over the past year, making it difficult to compare to the Online Retail industry average (2.6%).


Return on Equity

High ROE: TTK's Return on Equity (13.5%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is TAKKT's financial position?


Financial Position Analysis

Short Term Liabilities: TTK's short term assets (€278.8M) exceed its short term liabilities (€253.8M).

Long Term Liabilities: TTK's short term assets (€278.8M) exceed its long term liabilities (€236.8M).


Debt to Equity History and Analysis

Debt Level: TTK's debt to equity ratio (20.9%) is considered satisfactory.

Reducing Debt: TTK's debt to equity ratio has reduced from 54.1% to 20.9% over the past 5 years.

Debt Coverage: TTK's debt is well covered by operating cash flow (98.8%).

Interest Coverage: TTK's interest payments on its debt are well covered by EBIT (24x coverage).


Balance Sheet

Inventory Level: TTK has a high level of physical assets or inventory.

Debt Coverage by Assets: TTK's debt is covered by short term assets (assets are 2.1x debt).


Next Steps

Dividend

What is TAKKT's current dividend yield, its reliability and sustainability?

4.77%

Current Dividend Yield


Upcoming Dividend Payment

Purchase TAKKT before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield vs Market

company4.8%marketbottom25%1.9%markettop25%3.6%industryaverage4.2%forecastin3Years5.6%

Current dividend yield vs market & industry

Notable Dividend: TTK's dividend (4.77%) is higher than the bottom 25% of dividend payers in the Swiss market (1.9%).

High Dividend: TTK's dividend (4.77%) is in the top 25% of dividend payers in the Swiss market (3.57%)


Stability and Growth of Payments

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

Growing Dividend: TTK's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (42.1%), TTK's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: TTK's dividends in 3 years are forecast to be well covered by earnings (47.4% payout ratio).


Next Steps

Management

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

8.5yrs

Average management tenure


CEO

Felix Zimmermann (53yo)

10.7yrs

Tenure

€1,420,000

Compensation

Dr. Felix A. Zimmermann has been the Chairman of the Management Board and Chief Executive Officer of Takkt AG since June 01, 2009 and has been its Member of Management Board since May 1, 2008. Dr. Zimmerma ...


CEO Compensation Analysis

Compensation vs Market: Felix's total compensation ($USD1.56M) is above average for companies of similar size in the Swiss market ($USD1.01M).

Compensation vs Earnings: Felix's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Felix Zimmermann
Chairman of the Management Board & CEO10.7yrs€1.42mno data
Claude Tomaszewski
CFO & Member of Management Board8.5yrs€943.00kno data
Heiko Hegwein
Member of Management Board2yrs€892.76kno data
Christian Warns
Head of Investor Relations0yrsno datano data
Fabien Houri
Head of Hubert - Canada0yrsno datano data
Kurt Chang
Head of KAISER + KRAFT0yrsno datano data
Alfonso Del Campo
Head of C&H Productos Industriales0yrsno datano data
Mine Lu
Head of Kaiser + Kraft Turkey0yrsno datano data
Dieter Schmitt
Head of Human Resources of Topdeq Service0yrsno datano data
Michaela Epple
Head of Human Resources - Kaiser + Kraft Europa0yrsno datano data

8.5yrs

Average Tenure

50yo

Average Age

Experienced Management: TTK's management team is seasoned and experienced (8.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Thomas Kniehl
Member of the Supervisory Board20.5yrs€52.50kno data
Florian Funck
Chairman of the Supervisory Board0.8yrs€52.50kno data
Johannes Haupt
Deputy Chairman of the Supervisory Board5.4yrs€81.30kno data
Dorothee Ritz
Member of the Supervisory Board5.3yrs€51.50kno data
Christian Wendler
Member of the Supervisory Board2.8yrs€55.00kno data
Thomas Schmidt
Member of Supervisory Board0.8yrsno datano data

4.0yrs

Average Tenure

52.5yo

Average Age

Experienced Board: TTK's board of directors are considered experienced (4 years average tenure).


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

TAKKT AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: TAKKT AG
  • Ticker: TTK
  • Exchange: SWX
  • Founded: 1945
  • Industry: Internet and Direct Marketing Retail
  • Sector: Retail
  • Market Cap: €757.143m
  • Listing Market Cap: €806.473m
  • Shares outstanding: 65.61m
  • Website: https://www.takkt.de

Number of Employees


Location

  • TAKKT AG
  • Presselstrasse 12
  • Stuttgart
  • Baden-Württemberg
  • 70191
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TTKDB (Deutsche Boerse AG)YesBearer SharesDEEURSep 1999
TTKXTRA (XETRA Trading Platform)YesBearer SharesDEEURSep 1999
0GC8LSE (London Stock Exchange)YesBearer SharesGBEURSep 1999
TAUK.FOTCPK (Pink Sheets LLC)YesBearer SharesUSUSDSep 1999
TTKDBATS-CHIXE (BATS 'Chi-X Europe')YesBearer SharesGBEURSep 1999
TTKSWX (SIX Swiss Exchange)YesBearer SharesCHCHFSep 1999
TTKWBAG (Wiener Boerse AG)YesBearer SharesATEURSep 1999
TTKETLX (Eurotlx)YesBearer SharesITEURSep 1999

Biography

TAKKT AG operates as a business to business direct marketing company for business equipment in Europe and North America. It offers pallet lifting trucks, universal cabinets, desk chairs, environmental cabinets, and containers for hazardous materials for transport, plant, warehouse, and office equipment; transport packaging solutions, such as collapsible boxes, package padding, shipping pallets, and stretch films; and serving platters and food baskets, as well as kitchen stoves and freezers. The company also provides lockers, heavy load racking, work benches, display systems, and printed advertising material for small and medium-sized corporate customers; signage, display stands, mobile trade booths, and fixtures for customized printed displays, advertising banners, and trade fair booths; and desk chairs, desks, conference tables, and furniture for reception areas for service companies, public institutions, government agencies, health care sector, schools, and churches. It offers its products through catalog, Internet, telephone, and field sales. The company was founded in 1945 and is headquartered in Stuttgart, Germany. TAKKT AG is a subsidiary of Franz Haniel & Cie. GmbH. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/27 22:34
End of Day Share Price2020/02/27 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.