HELLA GmbH KGaA
Market Cap
€3.2b
Last Updated
2020/04/07 22:59 UTC
Data Sources
Company Financials +
Executive Summary
HELLA GmbH & Co. KGaA, together with its subsidiaries, develops, manufactures, and sells lighting and electronic components and systems for automotive industry worldwide.
Rewards
Risk Analysis
+ 1 more risk
Snowflake Analysis
Excellent balance sheet with reasonable growth potential.
Similar Companies
Share Price & News
How has HELLA GmbH KGaA's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HLE's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
9.3%
HLE
6.1%
DE Auto Components
4.3%
DE Market
1 Year Return
-34.8%
HLE
-45.1%
DE Auto Components
-14.2%
DE Market
Return vs Industry: HLE exceeded the German Auto Components industry which returned -47.8% over the past year.
Return vs Market: HLE underperformed the German Market which returned -16.6% over the past year.
Shareholder returns
| HLE | Industry | Market | |
|---|---|---|---|
| 7 Day | 9.3% | 6.1% | 4.3% |
| 30 Day | -14.1% | -15.4% | -9.0% |
| 90 Day | -42.3% | -39.2% | -21.6% |
| 1 Year | -29.4%-34.8% | -42.8%-45.1% | -11.7%-14.2% |
| 3 Year | -21.5%-30.4% | -58.1%-61.6% | -12.3%-19.6% |
| 5 Year | -24.8%-36.3% | -62.0%-66.1% | -14.0%-25.6% |
Price Volatility Vs. Market
How volatile is HELLA GmbH KGaA's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall St
Should You Think About Buying HELLA GmbH & Co. KGaA (ETR:HLE) Now?1 month ago | Simply Wall St
Introducing HELLA GmbH KGaA (ETR:HLE), The Stock That Dropped 20% In The Last Five Years2 months ago | Simply Wall St
Is HELLA GmbH & Co. KGaA's (ETR:HLE) High P/E Ratio A Problem For Investors?Valuation
Is HELLA GmbH KGaA undervalued compared to its fair value and its price relative to the market?
9.27x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: HLE (€29.04) is trading above our estimate of fair value (€26.71)
Significantly Below Fair Value: HLE is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: HLE is good value based on its PE Ratio (9.3x) compared to the Auto Components industry average (12.1x).
PE vs Market: HLE is good value based on its PE Ratio (9.3x) compared to the German market (16.8x).
Price to Earnings Growth Ratio
PEG Ratio: HLE is good value based on its PEG Ratio (0.5x)
Price to Book Ratio
PB vs Industry: HLE is overvalued based on its PB Ratio (1.2x) compared to the DE Auto Components industry average (0.7x).
Next Steps
Future Growth
How is HELLA GmbH KGaA forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?
20.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HLE's forecast earnings growth (20.3% per year) is above the savings rate (-0.4%).
Earnings vs Market: HLE's earnings (20.3% per year) are forecast to grow faster than the German market (14% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: HLE's revenue (4.7% per year) is forecast to grow faster than the German market (3.9% per year).
High Growth Revenue: HLE's revenue (4.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HLE's Return on Equity is forecast to be low in 3 years time (10.4%).
Next Steps
Past Performance
How has HELLA GmbH KGaA performed over the past 5 years?
17.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HLE has a large one-off gain of €152.2M impacting its November 30 2019 financial results.
Growing Profit Margin: HLE's current net profit margins (5.2%) are lower than last year (8.9%).
Past Earnings Growth Analysis
Earnings Trend: HLE's earnings have grown by 17.8% per year over the past 5 years.
Accelerating Growth: HLE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: HLE had negative earnings growth (-45.1%) over the past year, making it difficult to compare to the Auto Components industry average (-45.1%).
Return on Equity
High ROE: HLE's Return on Equity (12.7%) is considered low.
Next Steps
Financial Health
How is HELLA GmbH KGaA's financial position?
Financial Position Analysis
Short Term Liabilities: HLE's short term assets (€3.9B) exceed its short term liabilities (€2.1B).
Long Term Liabilities: HLE's short term assets (€3.9B) exceed its long term liabilities (€1.9B).
Debt to Equity History and Analysis
Debt Level: HLE's debt to equity ratio (62.5%) is considered high.
Reducing Debt: HLE's debt to equity ratio has reduced from 72.7% to 62.5% over the past 5 years.
Debt Coverage: HLE's debt is well covered by operating cash flow (45.9%).
Interest Coverage: HLE's interest payments on its debt are well covered by EBIT (19.4x coverage).
Balance Sheet
Next Steps
Dividend
What is HELLA GmbH KGaA's current dividend yield, its reliability and sustainability?
3.62%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HLE's dividend (3.62%) is higher than the bottom 25% of dividend payers in the German market (1.67%).
High Dividend: HLE's dividend (3.62%) is low compared to the top 25% of dividend payers in the German market (4.71%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, HLE has been paying a dividend for less than 10 years.
Growing Dividend: HLE's dividend payments have increased, but the company has only paid a dividend for 5 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (33.5%), HLE's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: HLE's dividends in 3 years are forecast to be well covered by earnings (33% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.8yrs
Average management tenure
CEO
Rolf Breidenbach (56yo)
2.25s
Tenure
Dr. Rolf Breidenbach has been Member of the Supervisory Board at Dürr Aktiengesellschaft since March 2019. He has been the Chief Executive Officer and President at Hella Kgaa Hueck & Co. of Hella Aglaia M ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Secretary & Member of Supervisory Board | 11.25yrs | €20.00k | no data | |
| Chairman of Management Board | 2.25yrs | no data | no data | |
| MD of Finance & Controlling and Member of Management Board - Hella Geschäftsführungsgesellschaft mbH | 3.42yrs | no data | no data | |
| MD of Automotive Lighting & Member of Management Board - Hella Geschäftsführungsgesellschaft mbH | 2.25yrs | no data | no data | |
| Deputy MD of the Automotive Electronics Division & Member of Management Board | no data | no data | no data | |
| Head of Sensors & the Technical Centre | no data | no data | no data | |
| Head of Assisted & Automated Driving | no data | no data | no data | |
| Head of Global Purchasing and CEO of Office & Projects | 4.92yrs | no data | no data | |
| Member of Executive Board - Business Division Electronics | no data | no data | no data |
2.8yrs
Average Tenure
49yo
Average Age
Experienced Management: HLE's management team is considered experienced (2.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Secretary & Member of Supervisory Board | 11.25yrs | €20.00k | no data | |
| Chairman of Supervisory Board | 0.58yr | €40.00k | no data | |
| Member of Supervisory Board | 1.25yrs | no data | no data | |
| Member of Supervisory Board | 6.25yrs | €20.00k | no data | |
| Member of Supervisory Board | 6.25yrs | €20.00k | 0.98% €31.6m | |
| Member of Supervisory Board | 4.25yrs | €20.00k | no data | |
| Member of Supervisory Board | 11.25yrs | €30.00k | no data | |
| Vice-Chairman of the Supervisory Board | no data | €25.67k | no data | |
| Member of Supervisory Board | 11.25yrs | €20.00k | no data | |
| Member of Supervisory Board | 1.5yrs | €13.32k | no data |
6.3yrs
Average Tenure
Experienced Board: HLE's board of directors are considered experienced (6.3 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
HELLA GmbH & Co. KGaA's company bio, employee growth, exchange listings and data sources
Key Information
- Name: HELLA GmbH & Co. KGaA
- Ticker: HLE
- Exchange: XTRA
- Founded: 1899
- Industry: Auto Parts and Equipment
- Sector: Automobiles
- Market Cap: €3.227b
- Shares outstanding: 111.11m
- Website: https://www.hella.com
Number of Employees
Location
- HELLA GmbH & Co. KGaA
- Rixbecker Strasse 75
- Lippstadt
- North Rhine-Westphalia
- 59552
- Germany
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| HLE | DB (Deutsche Boerse AG) | Yes | Limited Partner Shares | DE | EUR | Nov 2014 |
| HLE | SWX (SIX Swiss Exchange) | Yes | Limited Partner Shares | CH | CHF | Nov 2014 |
| HLE | XTRA (XETRA Trading Platform) | Yes | Limited Partner Shares | DE | EUR | Nov 2014 |
| HLEd | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Limited Partner Shares | GB | EUR | Nov 2014 |
| 111856940 | BDL (Bourse de Luxembourg) | Yes | Limited Partner Shares | LU | EUR | Nov 2014 |
| 0R3U | LSE (London Stock Exchange) | Yes | Limited Partner Shares | GB | EUR | Nov 2014 |
| HLE | WBAG (Wiener Boerse AG) | Yes | Limited Partner Shares | AT | EUR | Nov 2014 |
| HLKH.F | OTCPK (Pink Sheets LLC) | Yes | Limited Partner Shares | US | USD | Nov 2014 |
| HLE N | BMV (Bolsa Mexicana de Valores) | Yes | Limited Partner Shares | MX | MXN | Nov 2014 |
| HLE | ETLX (Eurotlx) | Yes | Limited Partner Shares | IT | EUR | Nov 2014 |
| HLLG.Y | OTCPK (Pink Sheets LLC) | UNSP ADR EACH REPR 0.50 ORD SHS | US | USD | May 2016 | |
| HLEA | BST (Boerse-Stuttgart) | UNSP ADR EACH REPR 0.50 ORD SHS | DE | EUR | May 2016 |
Biography
HELLA GmbH & Co. KGaA, together with its subsidiaries, develops, manufactures, and sells lighting and electronic components and systems for automotive industry worldwide. It operates through three segments: Automotive, Aftermarket, and Special Applications. The Automotive segment offers headlamps, rear combination lamps, car body and interior lighting products, and radomes; and body electronics, energy management, lighting electronics, and steering solutions, as well as driver assistance systems and components, including sensors and engine compartment actuators. The Aftermarket segment produces and sells automotive parts and accessories primarily in the areas of lighting, electrics, and electronics; and provides workshop solutions in the areas of diagnostics and calibration, as well as various services for wholesalers and workshops. The Special Applications segment develops, manufactures, and markets lighting technology and electronic products for special vehicles comprising construction and agricultural machinery, buses, and motor homes, as well as for the marine sector. The company has strategic collaboration with AEye, Inc. to develop LiDAR sensor systems. The company was formerly known as HELLA KGaA Hueck & Co. and changed its name to HELLA GmbH & Co. KGaA in October 2017. HELLA GmbH & Co. KGaA was founded in 1899 and is headquartered in Lippstadt, Germany.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/07 22:59 |
| End of Day Share Price | 2020/04/07 00:00 |
| Earnings | 2019/11/30 |
| Annual Earnings | 2019/05/31 |
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.