SAF-Holland
Market Cap
€328.4m
Last Updated
2019/12/08 21:02 UTC
Data Sources
Company Financials +
Executive Summary
SAF-Holland S.A. manufactures and supplies chassis-related systems and components for trucks, trailers, semi-trailers, buses, and recreational vehicles.
Rewards
Risk Analysis
+ 1 more risk
Snowflake Analysis
Good value with adequate balance sheet and pays a dividend.
Similar Companies
Share Price & News
How has SAF-Holland's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SFQ's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-1.7%
SFQ
-0.2%
DE Auto Components
-0.3%
DE Market
1 Year Return
-40.2%
SFQ
2.4%
DE Auto Components
14.9%
DE Market
Return vs Industry: SFQ underperformed the German Auto Components industry which returned 2.4% over the past year.
Return vs Market: SFQ underperformed the German Market which returned 14.9% over the past year.
Shareholder returns
| SFQ | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.7% | -0.2% | -0.3% |
| 30 Day | -8.3% | -6.8% | -0.6% |
| 90 Day | -16.4% | 9.2% | 7.5% |
| 1 Year | -37.7%-40.2% | 6.6%2.4% | 18.5%14.9% |
| 3 Year | -41.5%-46.8% | -22.0%-28.5% | 20.0%9.5% |
| 5 Year | -23.3%-34.4% | -16.1%-25.0% | 38.0%19.3% |
Price Volatility Vs. Market
How volatile is SAF-Holland's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Can SAF-Holland S.A. (ETR:SFQ) Improve Its Returns?3 weeks ago | Simply Wall St
What Does SAF-Holland S.A.’s (ETR:SFQ) 9.6% ROCE Say About The Business?1 month ago | Simply Wall St
What Makes SAF-Holland S.A. (ETR:SFQ) A Great Dividend Stock?Valuation
Is SAF-Holland undervalued compared to its fair value and its price relative to the market?
12.02x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: SFQ (€7.14) is trading above our estimate of fair value (€3.56)
Significantly Below Fair Value: SFQ is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SFQ is good value based on its PE Ratio (12x) compared to the Auto Components industry average (12.4x).
PE vs Market: SFQ is good value based on its PE Ratio (12x) compared to the German market (20.4x).
Price to Earnings Growth Ratio
PEG Ratio: SFQ is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: SFQ is good value based on its PB Ratio (1x) compared to the DE Auto Components industry average (1.3x).
Next Steps
Future Growth
How is SAF-Holland forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
28.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SFQ's forecast earnings growth (28.2% per year) is above the savings rate (-0.4%).
Earnings vs Market: SFQ's earnings (28.2% per year) are forecast to grow faster than the German market (13% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: SFQ's revenue (0.6% per year) is forecast to grow slower than the German market (4.9% per year).
High Growth Revenue: SFQ's revenue (0.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SFQ's Return on Equity is forecast to be low in 3 years time (12.4%).
Next Steps
Past Performance
How has SAF-Holland performed over the past 5 years?
0.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SFQ has a large one-off loss of €17.2M impacting its September 30 2019 financial results.
Growing Profit Margin: SFQ's current net profit margins (2%) are lower than last year (3.9%).
Past Earnings Growth Analysis
Earnings Trend: SFQ's earnings have grown by 0.5% per year over the past 5 years.
Accelerating Growth: SFQ's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SFQ had negative earnings growth (-44.9%) over the past year, making it difficult to compare to the Auto Components industry average (-6.6%).
Return on Equity
High ROE: SFQ's Return on Equity (8.2%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is SAF-Holland's financial position?
Financial Position Analysis
Short Term Liabilities: SFQ's short term assets (€512.9M) exceed its short term liabilities (€296.2M).
Long Term Liabilities: SFQ's short term assets (€512.9M) exceed its long term liabilities (€394.4M).
Debt to Equity History and Analysis
Debt Level: SFQ's debt to equity ratio (106.4%) is considered high.
Reducing Debt: SFQ's debt to equity ratio has increased from 71.6% to 106.4% over the past 5 years.
Debt Coverage: SFQ's debt is well covered by operating cash flow (32.3%).
Interest Coverage: SFQ's interest payments on its debt are well covered by EBIT (7.5x coverage).
Balance Sheet
Inventory Level: SFQ has a high level of physical assets or inventory.
Debt Coverage by Assets: SFQ's debt is covered by short term assets (assets are 1.4x debt).
Next Steps
Dividend
What is SAF-Holland's current dividend yield, its reliability and sustainability?
6.31%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: SFQ's dividend (6.31%) is higher than the bottom 25% of dividend payers in the German market (1.37%).
High Dividend: SFQ's dividend (6.31%) is in the top 25% of dividend payers in the German market (3.57%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, SFQ has been paying a dividend for less than 10 years.
Growing Dividend: SFQ's dividend payments have increased, but the company has only paid a dividend for 6 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (75.8%), SFQ's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SFQ's dividends in 3 years are forecast to be well covered by earnings (31.3% payout ratio).
Next Steps
Management
What is the CEO of SAF-Holland's salary, the management and board of directors tenure and is there insider trading?
0.9yrs
Average management tenure
CEO
Alexander Geis 0
0.8yrs
Tenure
€730,000
Compensation
Mr. Alexander Geis has been Member of Management Board at Saf-Holland SA since July 1, 2011. Mr. Geis serves as Chief Executive Officer of SAF-Holland S.A. since February 25, 2019 and as its Chairman of Ma ...
CEO Compensation Analysis
Compensation vs Market: Alexander's total compensation ($USD809.49K) is about average for companies of similar size in the German market ($USD814.48K).
Compensation vs Earnings: Alexander's compensation has been consistent with company performance over the past year.
Management Age and Tenure
0.9yrs
Average Tenure
Experienced Management: SFQ's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.
Board Age and Tenure
1.5yrs
Average Tenure
56yo
Average Age
Experienced Board: SFQ's board of directors are not considered experienced ( 1.5 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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Kent Jones
President Americas
- Tenure: 0.3yrs
Ivan Radinov
Managing Director of SAF Trade BG
- Tenure: 0yrs
Cristóbal Pérez
Managing Director of SAF ESPAÑA
- Tenure: 0yrs
Alexander Nikitan
Managing Director of SAF UKRAINE
- Tenure: 0yrs
Marek Modrak
Managing Director of SAF Polska
- Tenure: 0yrs
Michael Schickling (56yo)
Head of Investor Relations and Corporate Communications
- Tenure: 0.8yrs
Alexander Geis
CEO & Chairman of Management Board
- Tenure: 0.8yrs
- Compensation: €730.00k
Matthias Heiden (45yo)
CFO & Member of Management Board
- Tenure: 2.8yrs
- Compensation: €733.00k
André Philipp
COO & Member of Management Board
- Tenure: 0.9yrs
Mike Ginocchio
President APAC region & Member of Management Board
- Tenure: 0.9yrs
Board Members
Carsten Reinhardt (52yo)
Independent Director
- Tenure: 2.7yrs
Martin Kleinschmitt (58yo)
Chairman
- Tenure: 0.3yrs
Martina Merz (56yo)
Vice Chair
- Tenure: 0.08yrs
Jack Gisinger (71yo)
Director
- Tenure: 2.7yrs
Anja Kleyboldt
Director
- Tenure: 7.7yrs
Ingrid Jägering (53yo)
Independent Director
- Tenure: 0.08yrs
Company Information
SAF-Holland S.A.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: SAF-Holland S.A.
- Ticker: SFQ
- Exchange: XTRA
- Founded: 1881
- Industry: Auto Parts and Equipment
- Sector: Automobiles
- Market Cap: €328.428m
- Shares outstanding: 45.39m
- Website: https://www.safholland.com
Number of Employees
Location
- SAF-Holland S.A.
- 68-70, Boulevard de la Petrusse
- Luxembourg City
- 2320
- Luxembourg
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SFQ | DB (Deutsche Boerse AG) | Yes | Ordinary Bearer Shares | DE | EUR | Jul 2007 |
| 0O4N | LSE (London Stock Exchange) | Yes | Ordinary Bearer Shares | GB | EUR | Jul 2007 |
| SFQ | XTRA (XETRA Trading Platform) | Yes | Ordinary Bearer Shares | DE | EUR | Jul 2007 |
| SFHL.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Bearer Shares | US | USD | Jul 2007 |
| SFQD | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Bearer Shares | GB | EUR | Jul 2007 |
| SFQ | SWX (SIX Swiss Exchange) | Yes | Ordinary Bearer Shares | CH | CHF | Jul 2007 |
| SFQ | WBAG (Wiener Boerse AG) | Yes | Ordinary Bearer Shares | AT | EUR | Jul 2007 |
| SFQ | ETLX (Eurotlx) | Yes | Ordinary Bearer Shares | IT | EUR | Jul 2007 |
Biography
SAF-Holland S.A. manufactures and supplies chassis-related systems and components for trucks, trailers, semi-trailers, buses, and recreational vehicles. It offers axle and suspension systems, fifth wheels, ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/08 21:02 |
| End of Day Share Price | 2019/12/06 00:00 |
| Earnings | 2019/09/30 |
| 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.