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Continental

DB:CON
Snowflake Description

Flawless balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CON
DB
€26B
Market Cap
  1. Home
  2. DE
  3. Automobiles
Company description

Continental Aktiengesellschaft develops products, systems, and services for customers in various industries worldwide. The last earnings update was 9 days ago. More info.


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CON Share Price and Events
7 Day Returns
-4.6%
DB:CON
-3.7%
DE Auto Components
-0.2%
DE Market
1 Year Returns
-42.2%
DB:CON
-41.3%
DE Auto Components
-10.4%
DE Market
CON Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Continental (CON) -4.6% -17.2% -6.5% -42.2% -30% -23.7%
DE Auto Components -3.7% -15.7% -4.5% -41.3% -29.3% -28.1%
DE Market -0.2% -2.1% 4.2% -10.4% 11.1% 10.6%
1 Year Return vs Industry and Market
  • CON underperformed the Market in Germany which returned -10.4% over the past year.
Price Volatility
CON
Industry
5yr Volatility vs Market

CON Value

 Is Continental undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Continental to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Continental.

DB:CON Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 24 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:CON
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Auto Components Unlevered Beta Simply Wall St/ S&P Global 1.11
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.11 (1 + (1- 30%) (24.39%))
1.201
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.201 * 5.96%)
7.39%

Discounted Cash Flow Calculation for DB:CON using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Continental is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:CON DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 7.39%)
2019 1,424.45 Analyst x10 1,326.48
2020 1,752.31 Analyst x15 1,519.56
2021 1,975.00 Analyst x6 1,594.88
2022 2,141.66 Est @ 8.44% 1,610.52
2023 2,269.63 Est @ 5.98% 1,589.36
2024 2,366.12 Est @ 4.25% 1,542.97
2025 2,438.14 Est @ 3.04% 1,480.59
2026 2,491.77 Est @ 2.2% 1,409.08
2027 2,531.83 Est @ 1.61% 1,333.27
2028 2,562.06 Est @ 1.19% 1,256.40
Present value of next 10 years cash flows €14,663.11
DB:CON DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €2,562.06 × (1 + 0.23%) ÷ (7.39% – 0.23%)
€35,876.24
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €35,876.24 ÷ (1 + 7.39%)10
€17,593.15
DB:CON Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €14,663.11 + €17,593.15
€32,256.26
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €32,256.26 / 200.01
€161.28
DB:CON Discount to Share Price
Calculation Result
Value per share (EUR) From above. €161.28
Current discount Discount to share price of €129.36
= -1 x (€129.36 - €161.28) / €161.28
19.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Continental is available for.
Intrinsic value
20%
Share price is €129.36 vs Future cash flow value of €161.28
Current Discount Checks
For Continental to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Continental's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Continental's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Continental's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Continental's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:CON PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €13.68
DB:CON Share Price ** DB (2019-05-17) in EUR €129.36
Germany Auto Components Industry PE Ratio Median Figure of 12 Publicly-Listed Auto Components Companies 13.41x
Germany Market PE Ratio Median Figure of 426 Publicly-Listed Companies 20.24x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Continental.

DB:CON PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= DB:CON Share Price ÷ EPS (both in EUR)

= 129.36 ÷ 13.68

9.46x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Continental is good value based on earnings compared to the DE Auto Components industry average.
  • Continental is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Continental's expected growth come at a high price?
Raw Data
DB:CON PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.46x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 24 Analysts
12.5%per year
Germany Auto Components Industry PEG Ratio Median Figure of 11 Publicly-Listed Auto Components Companies 0.67x
Germany Market PEG Ratio Median Figure of 277 Publicly-Listed Companies 1.51x

*Line of best fit is calculated by linear regression .

DB:CON PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.46x ÷ 12.5%

0.75x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Continental is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Continental's assets?
Raw Data
DB:CON PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €92.66
DB:CON Share Price * DB (2019-05-17) in EUR €129.36
Germany Auto Components Industry PB Ratio Median Figure of 13 Publicly-Listed Auto Components Companies 1.4x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.79x
DB:CON PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= DB:CON Share Price ÷ Book Value per Share (both in EUR)

= 129.36 ÷ 92.66

1.4x

* Primary Listing of Continental.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Continental is good value based on assets compared to the DE Auto Components industry average.
X
Value checks
We assess Continental's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Auto Components industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Auto Components industry average (and greater than 0)? (1 check)
  5. Continental has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

CON Future Performance

 How is Continental expected to perform in the next 1 to 3 years based on estimates from 24 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
12.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Continental expected to grow at an attractive rate?
  • Continental's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Continental's earnings growth is positive but not above the Germany market average.
  • Continental's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:CON Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:CON Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 24 Analysts 12.5%
DB:CON Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 24 Analysts 4.4%
Germany Auto Components Industry Earnings Growth Rate Market Cap Weighted Average 9.3%
Germany Auto Components Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:CON Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 24 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:CON Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 56,649 1
2022-12-31 53,433 2
2021-12-31 49,575 5,985 3,254 15
2020-12-31 47,673 5,360 2,911 24
2019-12-31 45,843 4,779 2,487 24
DB:CON Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-03-31 44,438 4,341 2,735
2018-12-31 44,404 4,977 2,897
2018-09-30 44,458 4,827 2,946
2018-06-30 44,363 4,983 3,049
2018-03-31 44,022 4,990 2,973
2017-12-31 44,010 5,221 2,985
2017-09-30 43,250 4,543 3,009
2017-06-30 42,541 4,661 2,659
2017-03-31 41,699 4,832 2,818
2016-12-31 40,550 4,938 2,803
2016-09-30 40,041 5,010 2,660
2016-06-30 39,675 5,184 2,918

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Continental's earnings are expected to grow by 12.5% yearly, however this is not considered high growth (20% yearly).
  • Continental's revenue is expected to grow by 4.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:CON Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 24 Analyst Estimates (S&P Global) See Below

All data from Continental Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:CON Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 18.17 18.17 18.17 1.00
2021-12-31 16.33 17.83 15.05 9.00
2020-12-31 14.52 16.99 13.32 20.00
2019-12-31 12.52 14.06 11.19 18.00
DB:CON Past Financials Data
Date (Data in EUR Millions) EPS *
2019-03-31 13.68
2018-12-31 14.49
2018-09-30 14.73
2018-06-30 15.24
2018-03-31 14.86
2017-12-31 14.92
2017-09-30 15.04
2017-06-30 13.30
2017-03-31 14.09
2016-12-31 14.01
2016-09-30 13.31
2016-06-30 14.59

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Continental is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Continental's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Continental has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

CON Past Performance

  How has Continental performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Continental's growth in the last year to its industry (Auto Components).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Continental's year on year earnings growth rate has been positive over the past 5 years.
  • Continental's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Continental's 1-year earnings growth is negative, it can't be compared to the DE Auto Components industry average.
Earnings and Revenue History
Continental's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Continental Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:CON Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 44,438.40 2,734.90 3,783.30 4,336.60
2018-12-31 44,404.40 2,897.30 3,724.60 4,280.20
2018-09-30 44,458.20 2,946.30 3,683.40 3,935.20
2018-06-30 44,363.10 3,049.30 3,662.20 3,628.20
2018-03-31 44,022.30 2,972.60 3,657.90 3,349.50
2017-12-31 44,009.50 2,984.60 3,658.20 3,103.70
2017-09-30 43,249.60 3,009.30 3,587.40 2,997.40
2017-06-30 42,540.70 2,658.70 3,550.80 2,948.00
2017-03-31 41,698.70 2,818.20 3,464.10 2,876.10
2016-12-31 40,549.50 2,802.50 3,355.90 2,811.50
2016-09-30 40,041.30 2,660.40 3,315.90 2,722.90
2016-06-30 39,675.10 2,917.60 3,271.10 2,618.20
2016-03-31 39,513.80 2,804.60 3,214.00 2,522.70
2015-12-31 39,232.00 2,727.40 3,199.30 2,449.60
2015-09-30 38,134.30 2,660.70 3,093.80 2,407.80
2015-06-30 37,186.20 2,520.10 2,972.60 2,338.20
2015-03-31 35,684.50 2,443.70 2,816.60 2,236.60
2014-12-31 34,505.70 2,375.30 2,689.30 2,137.70
2014-09-30 33,994.70 2,146.00 2,621.60 2,031.60
2014-06-30 33,674.80 2,085.00 2,541.10 1,965.20
2014-03-31 33,687.80 2,070.20 2,489.40 1,922.70
2013-12-31 33,331.00 1,923.10 2,458.50 1,878.40
2013-09-30 33,019.60 2,028.80 2,425.00 1,873.60
2013-06-30 32,804.30 2,043.90 2,419.70 1,831.30
2013-03-31 32,450.00 1,863.50 2,402.50 1,798.80
2012-12-31 32,736.20 1,905.20 2,340.30 1,744.80
2012-09-30 32,552.80 1,800.90 2,299.50 1,728.60
2012-06-30 32,132.90 1,562.40 2,218.90 1,685.30

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Continental has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Continental used its assets more efficiently than the DE Auto Components industry average last year based on Return on Assets.
  • Continental's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Continental's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Auto Components industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Continental has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

CON Health

 How is Continental's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Continental's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Continental is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Continental's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Continental's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Continental Company Filings, last reported 1 month ago.

DB:CON Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 19,005.90 6,309.50 1,917.80
2018-12-31 18,333.30 4,606.90 2,761.40
2018-09-30 17,680.50 4,808.80 2,098.10
2018-06-30 17,037.60 5,153.70 2,479.60
2018-03-31 17,011.40 4,456.40 2,612.90
2017-12-31 16,290.30 4,090.00 1,881.50
2017-09-30 15,698.60 4,960.90 2,080.90
2017-06-30 15,184.70 5,358.00 2,342.20
2017-03-31 15,722.40 4,722.60 2,380.30
2016-12-31 14,734.80 4,952.30 2,107.00
2016-09-30 13,595.30 4,800.70 1,923.50
2016-06-30 13,358.50 5,230.20 2,225.00
2016-03-31 13,361.90 4,878.00 2,158.80
2015-12-31 13,213.90 5,244.80 1,621.50
2015-09-30 12,673.30 6,521.20 2,336.80
2015-06-30 12,421.80 7,004.20 2,814.20
2015-03-31 12,221.80 6,926.40 2,796.20
2014-12-31 11,024.60 6,431.60 3,243.80
2014-09-30 10,852.70 6,263.80 2,396.10
2014-06-30 10,076.10 6,533.90 2,300.40
2014-03-31 9,821.60 6,554.90 2,370.30
2013-12-31 9,322.20 6,637.50 2,044.80
2013-09-30 9,073.70 8,157.30 2,550.30
2013-06-30 8,776.30 8,075.60 1,921.80
2013-03-31 8,738.20 8,112.90 2,281.20
2012-12-31 8,156.40 8,253.30 2,397.20
2012-09-30 8,778.60 8,783.70 1,854.20
2012-06-30 8,318.50 8,755.90 1,717.30
  • Continental's level of debt (33.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (66.7% vs 33.2% today).
  • Debt is well covered by operating cash flow (68.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 29.6x coverage).
X
Financial health checks
We assess Continental's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Continental has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

CON Dividends

 What is Continental's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.67%
Current annual income from Continental dividends. Estimated to be 3.65% next year.
If you bought €2,000 of Continental shares you are expected to receive €73 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Continental's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.45%).
  • Continental's dividend is below the markets top 25% of dividend payers in Germany (3.8%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:CON Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 24 Analyst Estimates (S&P Global) See Below
Germany Auto Components Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:CON Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 5.15 1.00
2021-12-31 5.04 15.00
2020-12-31 4.74 25.00
2019-12-31 4.49 24.00
DB:CON Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-19 4.750 3.319
2019-03-07 4.750 3.350
2018-03-20 4.500 2.757
2018-03-08 4.500 2.031
2017-03-23 4.250 2.029
2017-03-02 4.250 2.193
2016-03-24 3.750 2.040
2016-03-03 3.750 1.922
2015-03-05 3.250 1.569
2015-02-20 3.250 1.527
2014-03-24 2.500 1.490
2014-03-06 2.500 1.458
2013-03-19 2.250 1.857
2013-01-15 2.250 2.530
2012-08-02 1.500 1.856
2012-03-13 1.500 2.176
2012-03-01 1.500 2.158
2009-07-30 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Continental has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Continental only paid a dividend in the past 7 years.
Current Payout to shareholders
What portion of Continental's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.1x coverage).
X
Income/ dividend checks
We assess Continental's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Continental afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Continental has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

CON Management

 What is the CEO of Continental's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Elmar Degenhart
COMPENSATION €6,701,000
AGE 59
TENURE AS CEO 9.8 years
CEO Bio

Dr. Elmar Degenhart has been the Chairman of the Executive Board and Chief Executive Officer at Continental Aktiengesellschaft (Formerly Continental AG) since August 12, 2009. Dr. Degenhart is responsible for Corporate Communications, Corporate Quality and Environment, Continental Business System, Automotive Central Functions. He served as the President of Chassis Systems at Robert Bosch GmbH from 2004 to 2005. He served as the Chief Executive Officer of Keiper Recaro Group from 2005 to 2008. He served as the President of Schaeffler Group Automotive from 2008 to 2009. He was employed at ITT Automotive Europe GmbH from 1993 to 1998 and finally served as its Director of Operations for Brake Systems North America. He previously served as Executive Vice President of Electronic Brake Systems at Continental AG from 1998 to 2003. He served as the Chairman of Executive Board at Continental Teves AG & Co. oHG (alternate name: Alfred Teves GmbH). He served as Member of the Management Board of Continental Teves AG & Co. oHG from 1998 to 2003. He served as the Head of Management team and Member of the Executive Board at Recaro Aircraft Seating Gmbh & Co. He served as the Chairman and Member of the Executive Board of Powertrain Division at Continental AG. He was Scientific employee at the Fraunhofer-Institute for Manufacturing Engineering and Automation IPA from 1987 to 1993 and finally served as its Head of department Handling and Industrial Robot System. He serves as the Chairman and Member of the Supervisory Board of ContiTech AG and ContiTech Roulunds Rubber A/S. He completed Diploma in Air and Space Technology at the University of Stuttgart from 1979 to 1987. Dr. Degenhart completed Ph.D., thesis on mechanical engineering in the area of Cleanroom Technology at the Fraunhofer Institute IPA, Stuttgart in 1992.

CEO Compensation
  • Elmar's compensation has been consistent with company performance over the past year.
  • Elmar's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Continental management team in years:

5.1
Average Tenure
56.5
Average Age
  • The average tenure for the Continental management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Elmar Degenhart

TITLE
Chairman of the Executive Board & CEO
COMPENSATION
€7M
AGE
59
TENURE
9.8 yrs

Wolfgang Schäfer

TITLE
CFO & Member of the Executive Board
COMPENSATION
€4M
AGE
59

Nikolai Setzer

TITLE
Member of the Executive Board
COMPENSATION
€3M
AGE
47
TENURE
9.8 yrs

Helmut Matschi

TITLE
Member of the Executive Board
COMPENSATION
€3M
AGE
55
TENURE
9.8 yrs

Frank Jourdan

TITLE
President of the Chassis & Safety Division and Member of Executive Board
COMPENSATION
€3M
AGE
58
TENURE
5.7 yrs

Ariane Reinhart

TITLE
Director of Labor Relations
COMPENSATION
€4M
AGE
49
TENURE
4.6 yrs

Hans-Jürgen Duensing

TITLE
Head of ContiTech Division & Member of the Executive Board
COMPENSATION
€3M
AGE
60
TENURE
4 yrs

Stefan Scholz

TITLE
Head of Finance & Treasury and Employee Representative Member of the Supervisory Board
COMPENSATION
€196K
AGE
53

José Avila

TITLE
COMPENSATION
€3M
AGE
63
TENURE
0.7 yrs

Christian Kötz

TITLE
Member of the Executive Board & Executive VP of Business Unit Commercial Vehicle Tires
AGE
48
TENURE
0.1 yrs
Board of Directors Tenure

Average tenure and age of the Continental board of directors in years:

9.6
Average Tenure
56
Average Age
  • The tenure for the Continental board of directors is about average.
Board of Directors

Wolfgang Reitzle

TITLE
Chairman of Supervisory Board
COMPENSATION
€576K
AGE
69
TENURE
9.6 yrs

Christiane Benner

TITLE
Vice Chairperson of Supervisory Board
COMPENSATION
€242K
AGE
50
TENURE
1.2 yrs

Stefan Scholz

TITLE
Head of Finance & Treasury and Employee Representative Member of the Supervisory Board
COMPENSATION
€196K
AGE
53
TENURE
4.1 yrs

Rolf Nonnenmacher

TITLE
Member of Supervisory Board
COMPENSATION
€481K
AGE
64
TENURE
4.6 yrs

Jörg Schönfelder

TITLE
Employee Representative Member of the Supervisory Board
COMPENSATION
€289K
AGE
52
TENURE
15 yrs

Dirk Nordmann

TITLE
Employee Representative Member of the Supervisory Board
COMPENSATION
€294K
AGE
58

Michael Iglhaut

TITLE
Employee Representative Member of the Supervisory Board
COMPENSATION
€292K
AGE
54
TENURE
13.2 yrs

Maria-Elisabeth Schaeffler-Thumann

TITLE
Member of Supervisory Board
COMPENSATION
€191K
AGE
77
TENURE
10.3 yrs

Georg F. Schaeffler

TITLE
Member of Supervisory Board
COMPENSATION
€296K
AGE
54

Gunter Dunkel

TITLE
Member of Supervisory Board
COMPENSATION
€196K
AGE
65
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Continental's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Continental has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

CON News

Simply Wall St News

With A -8.0% Earnings Drop, Is Continental Aktiengesellschaft's (FRA:CON) A Concern?

Assessing Continental Aktiengesellschaft's (FRA:CON) past track record of performance is a useful exercise for investors. … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 6.1%, indicating the rate at which CON is growing has slowed down. … You should continue to research Continental to get a more holistic view of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for CON’s future growth?

Simply Wall St -

A Look At The Intrinsic Value Of Continental Aktiengesellschaft (FRA:CON)

by taking the expected future cash flows and discounting them to today's value. … I will be using the Discounted Cash Flow (DCF) model. … If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model

Simply Wall St -

Continental Aktiengesellschaft (FRA:CON): Ex-Dividend Is In 3 Days

Have you been keeping an eye on Continental Aktiengesellschaft's (FRA:CON) upcoming dividend of €4.75 per share payable on the 02 May 2019? … When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas:? … Has its dividend been stable over the past (i.e. no missed payments or significant payout cuts)?

Simply Wall St -

Is Continental Aktiengesellschaft's (FRA:CON) 16% ROE Better Than Average?

This article is for those who would like to learn about Return On Equity (ROE). … That means that for every €1 worth of shareholders' equity, it generated €0.16 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

What Are Analysts Saying About Continental Aktiengesellschaft's (FRA:CON) Future?

After Continental Aktiengesellschaft's (FRA:CON) earnings announcement on 31 December 2018, … analyst consensus outlook appear cautiously subdued, … as a -13% rise in profits is expected in the upcoming year,

Simply Wall St -

Continental Aktiengesellschaft (FRA:CON): Will The Growth Last?

The most recent earnings update Continental Aktiengesellschaft's (FRA:CON) released in December 2018a … confirmed

Simply Wall St -

What To Know Before Buying Continental Aktiengesellschaft (FRA:CON) For Its Dividend

Historically, Continental Aktiengesellschaft (FRA:CON) has been paying a dividend to shareholders. … Let's dig deeper into whether Continental should have a place in your portfolio. … Check out our latest analysis for Continental

Simply Wall St -

Is It Time To Consider Buying Continental Aktiengesellschaft (FRA:CON)?

led the DB gainers with a relatively large price hike in the past couple of weeks. … As a large-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock … However, what if the stock is still a bargain?

Simply Wall St -

How To Take Advantage Of Continental Aktiengesellschaft (FRA:CON) In A Bear Market

High quality companies, such as Continental Aktiengesellschaft, are impacted by general market panic and sell-off, but the fundamentals of these companies stay the same. … Check out our latest analysis for Continental. … Continental Aktiengesellschaft provides products and services primarily for the automotive industry worldwide

Simply Wall St -

Is Continental Aktiengesellschaft's (FRA:CON) Liquidity Good Enough?

Most investors favour these big stocks due to their strong balance sheet and high market liquidity, meaning there are an abundance of stock in the public market available for trading. … These companies are resilient in times of low liquidity and are not as strongly impacted by interest rate hikes as companies with lots of debt. … Today I will analyse the latest financial data for CON to determine is solvency and liquidity and whether the stock is a sound investment.

Simply Wall St -

CON Company Info

Description

Continental Aktiengesellschaft develops products, systems, and services for customers in various industries worldwide. The company operates through Chassis & Safety, Powertrain, Interior, Tires, and ContiTech segments. The Chassis & Safety segment develops, produces, and markets intelligent systems to enhance driving safety and vehicle dynamics. This segment offers advanced driver assistance systems, hydraulic brake systems, passive safety and sensoric products, and vehicle dynamics products. The Powertrain segment provides engine systems, fuel and exhaust management systems, hybrid electric vehicles, sensors and actuators, and transmission products. The Interior segment develops and produces information, communication, and network solutions and services for cars and commercial vehicles, such as body and security, commercial vehicle and aftermarket, infotainment and connectivity, and instrumentation and driver HMI systems. The Tires segment provides passenger and light truck equipment, commercial vehicle, and two-wheel tires for use in vehicle manufacture and replacement businesses. The ContiTech segment develops, manufactures, and markets functional parts, and intelligent components and systems made of rubber, plastic, metal, and fabric for the machine and plant engineering, mining, agriculture, automotive, and other industries. It offers air spring systems, industrial fluid solutions, mobile fluid systems, and vibration control products, as well as conveyor belts and power transmission products. Continental Aktiengesellschaft serves the automotive, railway engineering, machine and plant construction, and mining industries, as well as replacement sector. The company was formerly known as Continental-Caoutchouc- und Gutta-Percha Compagnie. Continental Aktiengesellschaft was founded in 1871 and is headquartered in Hanover, Germany.

Details
Name: Continental Aktiengesellschaft
CON
Exchange: DB
Founded: 1871
€25,872,773,960
200,005,983
Website: http://www.continental-corporation.com
Address: Continental Aktiengesellschaft
Vahrenwalder Strasse 9,
Hanover,
Lower Saxony, 30165,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
DB CON Common Stock Deutsche Boerse AG DE EUR 02. Jan 1992
OTCPK CTTA.F Common Stock Pink Sheets LLC US USD 02. Jan 1992
XTRA CON Common Stock XETRA Trading Platform DE EUR 02. Jan 1992
LSE 0LQ1 Common Stock London Stock Exchange GB EUR 02. Jan 1992
SWX CONT Common Stock SIX Swiss Exchange CH CHF 02. Jan 1992
BIT CON Common Stock Borsa Italiana IT EUR 02. Jan 1992
WBAG CON Common Stock Wiener Boerse AG AT EUR 02. Jan 1992
BMV CON N Common Stock Bolsa Mexicana de Valores MX MXN 02. Jan 1992
BATS-CHIXE COND Common Stock BATS 'Chi-X Europe' GB EUR 02. Jan 1992
OTCPK CTTA.Y SPONSORED ADS Pink Sheets LLC US USD 28. Mar 1991
BST CONA SPONSORED ADS Boerse-Stuttgart DE EUR 28. Mar 1991
Number of employees
Current staff
Staff numbers
245,686
Continental employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/18 20:46
End of day share price update: 2019/05/17 00:00
Last estimates confirmation: 2019/05/14
Last earnings filing: 2019/05/09
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.