XTRA:ED4

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EDAG Engineering Group

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 Analysis

Adequate balance sheet 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

Stable Share Price: ED4's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

9.2%

ED4

1.5%

DE Auto Components

4.4%

DE Market


1 Year Return

-48.2%

ED4

-19.5%

DE Auto Components

4.4%

DE Market

Return vs Industry: ED4 underperformed the German Auto Components industry which returned -19.9% over the past year.

Return vs Market: ED4 underperformed the German Market which returned 4.1% over the past year.


Shareholder returns

ED4IndustryMarket
7 Day9.2%1.5%4.4%
30 Day-2.7%14.8%12.1%
90 Day-34.0%5.3%5.4%
1 Year-48.2%-48.2%-18.0%-19.5%6.1%4.4%
3 Year-56.3%-60.5%-47.0%-50.9%-0.6%-8.2%
5 Yearn/a-49.3%-54.1%10.4%-3.8%

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

Valuation

Is EDAG Engineering Group undervalued compared to its fair value and its price relative to the market?

23.21x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ED4 (€6.52) is trading above our estimate of fair value (€2.51)

Significantly Below Fair Value: ED4 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ED4 is poor value based on its PE Ratio (23.2x) compared to the Auto Components industry average (14.6x).

PE vs Market: ED4 is poor value based on its PE Ratio (23.2x) compared to the German market (20.1x).


Price to Earnings Growth Ratio

PEG Ratio: ED4 is good value based on its PEG Ratio (0.2x)


Price to Book Ratio

PB vs Industry: ED4 is overvalued based on its PB Ratio (1.3x) compared to the DE Auto Components industry average (0.8x).


Next Steps

Future Growth

How is EDAG Engineering Group forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

98.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ED4's forecast earnings growth (98.1% per year) is above the savings rate (0.2%).

Earnings vs Market: ED4's earnings (98.1% per year) are forecast to grow faster than the German market (22.7% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ED4's revenue (5.2% per year) is forecast to grow slower than the German market (5.7% per year).

High Growth Revenue: ED4's revenue (5.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ED4's Return on Equity is forecast to be low in 3 years time (11.3%).


Next Steps

Past Performance

How has EDAG Engineering Group performed over the past 5 years?

-33.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ED4 has a large one-off loss of €9.5M impacting its March 31 2020 financial results.

Growing Profit Margin: ED4's current net profit margins (0.3%) are lower than last year (2.8%).


Past Earnings Growth Analysis

Earnings Trend: ED4's earnings have declined by -33.5% 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 (-90.7%) over the past year, making it difficult to compare to the Auto Components industry average (-24.5%).


Return on Equity

High ROE: ED4's Return on Equity (1.6%) is considered low.


Next Steps

Financial Health

How is EDAG Engineering Group's financial position?


Financial Position Analysis

Short Term Liabilities: ED4's short term assets (€318.0M) exceed its short term liabilities (€233.5M).

Long Term Liabilities: ED4's short term assets (€318.0M) exceed its long term liabilities (€294.3M).


Debt to Equity History and Analysis

Debt Level: ED4's debt to equity ratio (108.7%) is considered high.

Reducing Debt: ED4's debt to equity ratio has reduced from 141.8% to 108.7% over the past 5 years.

Debt Coverage: ED4's debt is well covered by operating cash flow (50.3%).

Interest Coverage: ED4's interest payments on its debt are not well covered by EBIT (1.9x coverage).


Balance Sheet


Next Steps

Dividend

What is EDAG Engineering Group's current dividend yield, its reliability and sustainability?

2.65%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate ED4's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ED4's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ED4's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ED4's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: ED4 is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ED4's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

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

1.0yrs

Average management tenure


CEO

Cosimo De Carlo (46yo)

2.17yrs

Tenure

€138,000

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's total compensation ($USD156.32K) is below average for companies of similar size in the German market ($USD705.61K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Cosimo De Carlo
CEO & Member of Executive Board2.17yrs€138.00k0.024% 39.1k
Holger Merz
CFO & Member of Executive Board1yr€51.00k0.00046% 749.8
Harald Keller
COO & Member of Executive Board1yrno datano data
Sebastian Lehmann
Head of Investor Relationsno datano datano data
Christoph Horvath
Director of PR-Communicationno datano datano data
Michael Pollner
Head of Marketing & Editor-In-Chiefno datano datano data
Reinhard Bolz
Head of Fairs and Exhibitionsno datano datano data
Johannes Barckmann
Chief Designerno datano datano data
Martin Hillebrecht
Head of Competence Centre for Lightweight Constructionno datano datano data
Heiko Herchet
Chief Executive Electrifier of Trive.Meno datano datano data

1.0yrs

Average Tenure

Experienced Management: ED4's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Georg Johannes Denoke
Chairman of the Board1.83yrs€350.00kno data
Manfred Hahl
Director1yr€88.00k0.053% 85.8k
Philippe Weber
Non-Executive Director4.58yrs€160.00kno data
Sylvia Schorr
Non-Executive Director4.58yrs€150.00kno data
Clemens Prändl
Director1yr€88.00kno data

1.8yrs

Average Tenure

54yo

Average Age

Experienced Board: ED4's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


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

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: €163.000m
  • Shares outstanding: 25.00m
  • Website: https://www.edag-engineering.de

Number of Employees


Location

  • EDAG Engineering Group AG
  • Schlossgasse 2
  • Arbon
  • Thurgau
  • 9320
  • Switzerland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ED4DB (Deutsche Boerse AG)YesShare CapitalDEEURDec 2015
ED4XTRA (XETRA Trading Platform)YesShare CapitalDEEURDec 2015
0RCXLSE (London Stock Exchange)YesShare CapitalGBEURDec 2015
ED4DBATS-CHIXE (BATS 'Chi-X Europe')YesShare CapitalGBEURDec 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 operates through three segments: Vehicle Engineering, Production Solutions, and Electrics/Electronics. The Vehicle Engineering segment provides body engineering services, including package and ergonomics, body assembly, surface design, and interior and exterior services; commercial vehicles, doors, covers, lid systems, and car lights development services; and new technologies and lightweight designing services. This segment also offers vehicle integration services comprising functional integration and vehicle validation services, such as testing of individual components, modules, engines, motors, transmissions, and complete vehicles; models and vehicle solutions, including a range of styling, ideation, and design services, as well as creates test vehicles, sub-assemblies, and vehicle bodies for the physical validation of modules and systems; project management; and product quality and care services. The Production Solutions segment provides painted body services comprising component validation, forming dies, body manufacturing, and paint shop planning services; smart factory services, including smart building, smart production, smart logistics, digitalization and networking in production, production-oriented product design, and smart assistance services; and process consulting and CAx development services. The Electrics/Electronics segment develops electric and electronic systems comprising architecture and networks development, systems engineering, advanced engineering, embedded systems, information technology, integration and validation, functional safety and cyber security, and process and product data management services. The company was founded in 1969 and is based in Arbon, Switzerland. EDAG Engineering Group AG is a subsidiary of Aton Austria Holding GmbH. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/05 00:46
End of Day Share Price2020/06/04 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.