EDAG Engineering Group
Market Cap
€259.5m
Last Updated
2019/10/19 21:25 UTC
Data Sources
Company Financials +
Executive Summary
EDAG Engineering Group AG, an engineering service provider, develops vehicles, derivatives, modules, and production facilities for the automotive and commercial vehicle industries worldwide.
Snowflake
Fundamentals
Fair value with moderate growth potential.
Similar Companies
Share Price & News
How has EDAG Engineering Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
4.4%
ED4
2.3%
DE Auto Components
1.4%
DE Market
1 Year Return
-39.7%
ED4
-11.1%
DE Auto Components
3.7%
DE Market
Return vs Industry: ED4 underperformed the German Auto Components industry which returned -11.1% over the past year.
Return vs Market: ED4 underperformed the German Market which returned 3.7% over the past year.
Shareholder returns
| ED4 | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.4% | 2.3% | 1.4% |
| 30 Day | 2.0% | -2.7% | 1.3% |
| 90 Day | -10.2% | 1.2% | 3.4% |
| 1 Year | -36.0%-39.7% | -7.3%-11.1% | 7.0%3.7% |
| 3 Year | -19.0%-30.1% | -24.5%-30.8% | 18.5%8.3% |
| 5 Year | n/a | -17.1%-25.6% | 42.2%22.9% |
Price Volatility Vs. Market
How volatile is EDAG Engineering Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Is EDAG Engineering Group AG (ETR:ED4) Investing Your Capital Efficiently?1 month ago | Simply Wall St
Is EDAG Engineering Group AG's (ETR:ED4) Stock Available For A Good Price After Accounting For Growth?1 month ago | Simply Wall St
Calculating The Intrinsic Value Of EDAG Engineering Group AG (ETR:ED4)Valuation
Is EDAG Engineering Group undervalued compared to its fair value and its price relative to the market?
22.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Undervalued: ED4 (€10.38) is trading below our estimate of fair value (€13.46)
Significantly Undervalued: ED4 is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: ED4 is poor value based on its PE Ratio (13.7x) compared to the Auto Components industry average (13.1x).
PE vs Market: ED4 is good value based on its PE Ratio (13.7x) compared to the German market (19.3x).
Price to Earnings Growth Ratio
Low PEG Ratio: ED4 is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: ED4 is overvalued based on its PB Ratio (1.7x) compared to the DE Auto Components industry average (1.2x).
Next Steps
Future Growth
How is EDAG Engineering Group forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
36.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ED4's forecast earnings growth (36.5% per year) is above the savings rate (0.2%).
Earnings vs Market: ED4's earnings (36.5% per year) are forecast to grow faster than the German market (12.7% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ED4's revenue (4.1% per year) is forecast to grow slower than the German market (5% per year).
High Growth Revenue: ED4's revenue (4.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: ED4's Return on Equity is forecast to be low in 3 years time (15.9%).
Next Steps
Past Performance
How has EDAG Engineering Group performed over the past 5 years?
-30.4%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: ED4's earnings have declined by -30.4% per year over the past 5 years.
Accelerating Growth: ED4's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ED4 had negative earnings growth (-6.1%) over the past year, making it difficult to compare to the Auto Components industry average (-6.3%).
Return on Equity
High ROE: ED4's Return on Equity (15%) is considered low.
Return on Assets
ROA vs Industry: ED4's Return on Assets is below or equal to the Auto Components industry average last year.
Return on Capital Employed
ROCE Improving: ED4's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is EDAG Engineering Group's financial position?
Financial Position Analysis
Short Term Liabilities: ED4's short term assets (€283.9M) exceeds its short term liabilities (€198.5M)
Long Term Liabilities: ED4's short term assets (283.9M) do not cover its long term liabilities (298.6M)
Debt to Equity History and Analysis
Debt Level: ED4's debt to equity ratio (126.2%) is considered high
Reducing Debt: ED4's debt to equity ratio has reduced from 181.5% to 126.2% over the past 5 years.
Debt Coverage: ED4's debt is not well covered by operating cash flow (15.4%).
Interest Coverage: ED4's interest payments on its debt are well covered by EBIT (7.2x coverage).
Balance Sheet
Inventory Level: ED4 has a high level of physical assets or inventory.
Debt Coverage by Assets: ED4's debt is covered by short term assets (assets are 1.778970x debt).
Next Steps
Dividend
What is EDAG Engineering Group's current dividend yield, its reliability and sustainability?
7.23%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: ED4's dividend (7.23%) is higher than the bottom 25% of dividend payers in the German market (1.47%).
High Dividend: ED4's dividend (7.23%) is in the top 25% of dividend payers in the German market (3.83%)
Stable Dividend: Whilst dividend payments have been stable, ED4 has been paying a dividend for less than 10 years.
Growing Dividend: ED4 has only been paying a dividend for 3 years, and since then payments have not increased.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (99%), ED4's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ED4's dividends in 3 years are forecast to be covered by earnings (56.8% payout ratio).
Next Steps
Management
What is the CEO of EDAG Engineering Group's salary, the management and board of directors tenure and is there insider trading?
1.2yrs
Average board tenure
CEO
Cosimo De Carlo 0
1.5yrs
Tenure
€144,548
Compensation
Mr. Cosimo De Carlo has been Chief Executive Officer and Member of Executive Board of EDAG Engineering Group AG since April 15, 2018. Mr. De Carlo has been Group Vice President of Automotive Business at Al ...
CEO Compensation Analysis
Compensation vs. Market: Cosimo has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the German market.
Compensation vs Earnings: Insufficient data to compare Cosimo's compensation with company performance.
Board Age and Tenure
1.2yrs
Average Tenure
54yo
Average Age
Experienced Board: ED4's board of directors are not considered experienced ( 1.2 years average tenure), which suggests a new board.
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Management Team
Christoph Horvath
Director of PR-Communication
- Tenure: 0yrs
Reinhard Bolz
Head of Fairs and Exhibitions
- Tenure: 0yrs
Johannes Barckmann
Chief Designer
- Tenure: 0yrs
Cosimo De Carlo
CEO & Member of Executive Board
- Tenure: 1.5yrs
- Compensation: €144.55k
Martin Hillebrecht
Head of Competence Centre for Lightweight Construction
- Tenure: 0yrs
Heiko Herchet
Chief Executive Electrifier of Trive.Me
- Tenure: 0yrs
Bernd Waterkamp
Head of Product Reliability & Documentation
- Tenure: 0yrs
Michael Pollner
Head of Marketing & Editor-In-Chief
- Tenure: 0yrs
Sebastian Lehmann
Head of Investor Relations
- Tenure: 0yrs
Holger Merz
COO & CFO
- Tenure: 0.3yrs
Board Members
Georg Johannes Denoke (54yo)
Chairman of the Board
- Tenure: 1.2yrs
- Compensation: €277.00k
Manfred Hahl (56yo)
Director
- Tenure: 0.3yrs
Philippe Weber (54yo)
Non-Executive Director
- Tenure: 3.9yrs
- Compensation: €178.00k
Sylvia Schorr (39yo)
Non-Executive Director
- Tenure: 3.9yrs
- Compensation: €150.00k
Clemens Prändl
Director
- Tenure: 0.3yrs
Company Information
EDAG Engineering Group AG's company bio, employee growth, exchange listings and data sources
Key Information
- Name: EDAG Engineering Group AG
- Ticker: ED4
- Exchange: XTRA
- Founded: 1969
- Industry: Auto Parts and Equipment
- Sector: Automobiles
- Market Cap: €259.500m
- Shares outstanding: 25.00m
- Website: https://www.edag.de
Number of Employees
Location
- EDAG Engineering Group AG
- Schlossgasse 2
- Arbon
- 9320
- Switzerland
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ED4 | DB (Deutsche Boerse AG) | Yes | Share Capital | DE | EUR | Dec 2015 |
| ED4 | XTRA (XETRA Trading Platform) | Yes | Share Capital | DE | EUR | Dec 2015 |
| 0RCX | LSE (London Stock Exchange) | Yes | Share Capital | GB | EUR | Dec 2015 |
| ED4D | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Share Capital | GB | EUR | Dec 2015 |
Biography
EDAG Engineering Group AG, an engineering service provider, develops vehicles, derivatives, modules, and production facilities for the automotive and commercial vehicle industries worldwide. The company op ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/19 21:25 |
| End of Day Share Price | 2019/10/18 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.