Grammer AG develops, produces, and sells components and systems for automotive interiors worldwide.
Very undervalued with adequate balance sheet.
Share Price & News
How has Grammer's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GMM has not had significant price volatility in the past 3 months.
7 Day Return
DE Auto Components
1 Year Return
DE Auto Components
Return vs Industry: GMM underperformed the German Auto Components industry which returned -24.7% over the past year.
Return vs Market: GMM underperformed the German Market which returned 0.3% over the past year.
Price Volatility Vs. Market
How volatile is Grammer's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Grammer undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: GMM (€18.45) is trading below our estimate of fair value (€33.67)
Significantly Below Fair Value: GMM is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: GMM is good value based on its PE Ratio (10.2x) compared to the Auto Components industry average (17.5x).
PE vs Market: GMM is good value based on its PE Ratio (10.2x) compared to the German market (20.5x).
Price to Earnings Growth Ratio
PEG Ratio: GMM is good value based on its PEG Ratio (0.2x)
Price to Book Ratio
PB vs Industry: GMM is good value based on its PB Ratio (0.6x) compared to the DE Auto Components industry average (0.7x).
How is Grammer forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GMM's forecast earnings growth (49.2% per year) is above the savings rate (0.2%).
Earnings vs Market: GMM's earnings (49.2% per year) are forecast to grow faster than the German market (22.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: GMM's revenue (5.7% per year) is forecast to grow slower than the German market (5.9% per year).
High Growth Revenue: GMM's revenue (5.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: GMM's Return on Equity is forecast to be low in 3 years time (7.6%).
How has Grammer performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GMM has high quality earnings.
Growing Profit Margin: GMM's current net profit margins (1.1%) are lower than last year (1.2%).
Past Earnings Growth Analysis
Earnings Trend: GMM's earnings have declined by -0.7% per year over the past 5 years.
Accelerating Growth: GMM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: GMM had negative earnings growth (-2.4%) over the past year, making it difficult to compare to the Auto Components industry average (-50.2%).
Return on Equity
High ROE: GMM's Return on Equity (6.1%) is considered low.
How is Grammer's financial position?
Financial Position Analysis
Short Term Liabilities: GMM's short term assets (€596.0M) exceed its short term liabilities (€524.1M).
Long Term Liabilities: GMM's short term assets (€596.0M) exceed its long term liabilities (€535.6M).
Debt to Equity History and Analysis
Debt Level: GMM's debt to equity ratio (121.7%) is considered high.
Reducing Debt: GMM's debt to equity ratio has increased from 75.1% to 121.7% over the past 5 years.
Debt Coverage: GMM's debt is well covered by operating cash flow (28%).
Interest Coverage: GMM's interest payments on its debt are well covered by EBIT (3.6x coverage).
What is Grammer current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate GMM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate GMM'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 GMM's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if GMM's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: GMM is not paying a notable dividend for the German market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of GMM's dividend in 3 years as they are not forecast to pay a notable one for the German market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Thorsten Seehars (46yo)
Mr. Thorsten Seehars serves as Chief Executive Officer and Chairman of Executive Board at Grammer AG since August 01, 2019. He served as Member of Management Board at BorgWarner Ludwigsburg GmbH. Mr. Seeha ...
CEO Compensation Analysis
Compensation vs Market: Thorsten's total compensation ($USD585.53K) is about average for companies of similar size in the German market ($USD751.97K).
Compensation vs Earnings: Insufficient data to compare Thorsten's compensation with company performance.
|CEO & Chairman of Executive Board||0.92yr||€520.83k||no data|
|CFO & Member of Executive Board||0.92yr||€300.00k||no data|
|COO & Member of Executive Board||1.5yrs||€720.00k||no data|
|Director of Investor Relations||no data||no data||no data|
|Head of Controlling||no data||€5.10k||no data|
|Head of Strategic Product Planning||no data||no data||no data|
Experienced Management: GMM's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.
|Independent Member of Supervisory Board||20.08yrs||€46.00k||no data|
|Independent Chairman of Supervisory Board||9.17yrs||€88.00k||no data|
|Independent Member of Supervisory Board||5.17yrs||€40.00k||no data|
|Independent Member of Supervisory Board||16.67yrs||€42.00k||no data|
|Independent Member of Supervisory Board||8.92yrs||€37.00k||no data|
|Employee Representative Member of Supervisory Board||8.58yrs||€37.00k||no data|
|Employee Representative Deputy Chairman of Supervisory Board||7.83yrs||€63.00k||no data|
|Employee Representative Member of Supervisory Board||5.83yrs||€42.00k||no data|
|Employee Representative Member of Supervisory Board||5.17yrs||€46.00k||no data|
|Employee Representative Member of Supervisory Board||5.17yrs||€42.00k||no data|
Experienced Board: GMM's board of directors are considered experienced (8.2 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Grammer AG's company bio, employee growth, exchange listings and data sources
- Name: Grammer AG
- Ticker: GMM
- Exchange: XTRA
- Founded: 1880
- Industry: Auto Parts and Equipment
- Sector: Automobiles
- Market Cap: €226.512m
- Shares outstanding: 12.28m
- Website: https://www.grammer.com
Number of Employees
- Grammer AG
- Georg-Grammer-Strasse 2
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|GMM||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Jul 1996|
|GMM||XTRA (XETRA Trading Platform)||Yes||Common Shares||DE||EUR||Jul 1996|
|0OQX||LSE (London Stock Exchange)||Yes||Common Shares||GB||EUR||Jul 1996|
|GMMD||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Common Shares||GB||EUR||Jul 1996|
|GMM||SWX (SIX Swiss Exchange)||Yes||Common Shares||CH||CHF||Jul 1996|
|GMM||WBAG (Wiener Boerse AG)||Yes||Common Shares||AT||EUR||Jul 1996|
Grammer AG develops, produces, and sells components and systems for automotive interiors worldwide. It operates in two divisions, Automotive and Commercial Vehicles. The Automotive division supplies headrests, armrests, center consoles, and interior components and operating elements to automakers and automotive tier-I suppliers. The Commercial Vehicles division offers driver and passenger seats for agricultural and construction machinery, forklifts, trucks, buses, and trains, as well as to bus and rolling stock OEMs and railway operators. The company was founded in 1880 and is headquartered in Amberg, Germany. As of August 23, 2018, Grammer AG operates as a subsidiary of Ningbo Jifeng Auto Parts Co., Ltd.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/04 21:02|
|End of Day Share Price||2020/07/03 00:00|
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.