SAF-Holland
Market Cap
€491.2m
Last Updated
2020/11/28 20:37 UTC
Data Sources
Company Financials +
Executive Summary
SAF-Holland SE manufactures and supplies chassis-related systems and components for trucks, trailers, semi-trailers, and buses. More Details
Rewards
Risk Analysis
Snowflake Analysis
Adequate balance sheet with reasonable growth potential.
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 is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: SFQ's weekly volatility (7%) has been stable over the past year.
Market Performance
7 Day Return
7.1%
SFQ
6.1%
DE Auto Components
1.3%
DE Market
1 Year Return
49.0%
SFQ
-6.5%
DE Auto Components
1.5%
DE Market
Return vs Industry: SFQ exceeded the German Auto Components industry which returned -6.6% over the past year.
Return vs Market: SFQ exceeded the German Market which returned 1.4% over the past year.
Shareholder returns
| SFQ | Industry | Market | |
|---|---|---|---|
| 7 Day | 7.1% | 6.1% | 1.3% |
| 30 Day | 48.4% | 29.6% | 12.8% |
| 90 Day | 59.1% | 25.7% | 2.7% |
| 1 Year | 49.0%49.0% | -3.3%-6.5% | 4.7%1.5% |
| 3 Year | -30.3%-34.9% | -39.4%-45.0% | 5.7%-3.4% |
| 5 Year | -0.7%-13.2% | -36.2%-44.9% | 25.8%8.0% |
Long-Term 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
€8.54 - That's What Analysts Think SAF-Holland SE (ETR:SFQ) Is Worth After These Results1 week ago | Simply Wall St
What Kind Of Shareholders Hold The Majority In SAF-Holland SE's (ETR:SFQ) Shares?3 months ago | Simply Wall St
Is Now An Opportune Moment To Examine SAF-Holland SE (ETR:SAFH)?Valuation
Is SAF-Holland undervalued compared to its fair value and its price relative to the market?
726.61x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: SFQ (€10.82) is trading above our estimate of fair value (€2.11)
Significantly Below Fair Value: SFQ is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SFQ is poor value based on its PE Ratio (726.6x) compared to the XE Auto Components industry average (26.5x).
PE vs Market: SFQ is poor value based on its PE Ratio (726.6x) compared to the German market (23.1x).
Price to Earnings Growth Ratio
PEG Ratio: SFQ is poor value based on its PEG Ratio (14.6x)
Price to Book Ratio
PB vs Industry: SFQ is good value based on its PB Ratio (1.7x) compared to the DE Auto Components industry average (1.8x).
Next Steps
Future Growth
How is SAF-Holland forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
49.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SFQ's forecast earnings growth (49.9% per year) is above the savings rate (0.2%).
Earnings vs Market: SFQ's earnings (49.9% per year) are forecast to grow faster than the German market (27% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: SFQ's revenue (6.8% per year) is forecast to grow faster than the German market (5.9% per year).
High Growth Revenue: SFQ's revenue (6.8% 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 (12.2%).
Next Steps
Past Performance
How has SAF-Holland performed over the past 5 years?
-22.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SFQ has a large one-off loss of €31.5M impacting its September 30 2020 financial results.
Growing Profit Margin: SFQ's current net profit margins (0.07%) are lower than last year (2%).
Past Earnings Growth Analysis
Earnings Trend: SFQ's earnings have declined by 22.9% 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 (-97.5%) over the past year, making it difficult to compare to the Auto Components industry average (-45.1%).
Return on Equity
High ROE: SFQ's Return on Equity (0.3%) is considered low.
Next Steps
Financial Health
How is SAF-Holland's financial position?
Financial Position Analysis
Short Term Liabilities: SFQ's short term assets (€463.3M) exceed its short term liabilities (€205.7M).
Long Term Liabilities: SFQ's short term assets (€463.3M) exceed its long term liabilities (€454.3M).
Debt to Equity History and Analysis
Debt Level: SFQ's debt to equity ratio (125.2%) is considered high.
Reducing Debt: SFQ's debt to equity ratio has increased from 68.4% to 125.2% over the past 5 years.
Debt Coverage: SFQ's debt is well covered by operating cash flow (33%).
Interest Coverage: SFQ's interest payments on its debt are well covered by EBIT (5.4x coverage).
Balance Sheet
Next Steps
Dividend
What is SAF-Holland current dividend yield, its reliability and sustainability?
2.21%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate SFQ's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate SFQ'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 SFQ's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SFQ's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: SFQ is not paying a notable dividend for the German market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of SFQ'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?
1.4yrs
Average management tenure
CEO
Alexander Geis (46 yo)
1.75yrs
Tenure
€1,110,000
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 SE (formerly known as SAF-Holland S.A.) since February...
CEO Compensation Analysis
Compensation vs Market: Alexander's total compensation ($USD1.33M) is above average for companies of similar size in the German market ($USD924.47K).
Compensation vs Earnings: Alexander's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Chairman of Management Board | 1.75yrs | €1.11m | no data | |
| COO & Member of Management Board | 1.83yrs | €927.00k | no data | |
| President of APAC_I & China Region | no data | €590.00k | no data | |
| CFO & Member of the Management Board | 0.33yr | no data | no data | |
| Director of Investor Relations & Corporate Communications | 1.67yrs | no data | no data | |
| President of Americas | 1.17yrs | no data | no data | |
| President of China | 1.42yrs | no data | no data | |
| President of EMEA | 1.08yrs | no data | no data | |
| Vice President of Group Treasury | no data | no data | no data | |
| Managing Director of SAF Trade BG | no data | no data | no data | |
| Managing Director of SAF ESPAÑA | no data | no data | no data | |
| Managing Director of SAF UKRAINE | no data | no data | no data |
1.4yrs
Average Tenure
49yo
Average Age
Experienced Management: SFQ's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Member of Supervisory Board | 0.50yr | €71.00k | no data | |
| Chairman of Supervisory Board | 0.33yr | €101.20k | no data | |
| Deputy Chairwoman of Supervisory Board | 0.33yr | €118.00k | no data | |
| Member of Supervisory Board | 0.50yr | no data | no data | |
| Member of Supervisory Board | 0.50yr | €12.00k | no data |
0.5yrs
Average Tenure
54yo
Average Age
Experienced Board: SFQ's board of directors are not considered experienced ( 0.5 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
SAF-Holland SE's company bio, employee growth, exchange listings and data sources
Key Information
- Name: SAF-Holland SE
- Ticker: SFQ
- Exchange: XTRA
- Founded: 1881
- Industry: Auto Parts and Equipment
- Sector: Automobiles
- Market Cap: €491.166m
- Shares outstanding: 45.39m
- Website: https://www.safholland.com
Number of Employees
Location
- SAF-Holland SE
- 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 |
| SFQ | BRSE (Berne Stock 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 SE manufactures and supplies chassis-related systems and components for trucks, trailers, semi-trailers, and buses. It offers axle and suspension systems, fifth wheels, kingpins, and landing ge...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/28 20:37 |
| End of Day Share Price | 2020/11/27 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.