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EDAG Engineering Group

DB:ED4
Snowflake Description

Good value with reasonable growth potential and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ED4
DB
€296M
Market Cap
  1. Home
  2. DE
  3. Automobiles
Company description

EDAG Engineering Group AG, an engineering service provider, develops vehicles, derivatives, modules, and production facilities for the automotive and commercial vehicle industries worldwide. The last earnings update was 70 days ago. More info.


Add to Portfolio Compare Print
  • EDAG Engineering Group has significant price volatility in the past 3 months.
ED4 Share Price and Events
7 Day Returns
-0.8%
DB:ED4
0.9%
DE Auto Components
-0.3%
DE Market
1 Year Returns
-27.7%
DB:ED4
-38.9%
DE Auto Components
-6.7%
DE Market
ED4 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
EDAG Engineering Group (ED4) -0.8% -1.7% -19% -27.7% -29.1% -
DE Auto Components 0.9% -1% -21.6% -38.9% -31.8% -31.2%
DE Market -0.3% 2.3% -2% -6.7% 11.3% 12.2%
1 Year Return vs Industry and Market
  • ED4 outperformed the Auto Components industry which returned -38.9% over the past year.
  • ED4 underperformed the Market in Germany which returned -6.7% over the past year.
Price Volatility
ED4
Industry
5yr Volatility vs Market

ED4 Value

 Is EDAG Engineering Group 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 EDAG Engineering Group 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 EDAG Engineering Group.

DB:ED4 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.5%
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:ED4
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 1.27
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.27 (1 + (1- 18%) (101.1%))
1.886
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.89
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.886 * 5.96%)
11.47%

Discounted Cash Flow Calculation for DB:ED4 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for EDAG Engineering Group 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:ED4 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 11.47%)
2020 33.75 Analyst x4 30.28
2021 39.73 Analyst x3 31.98
2022 42.34 Est @ 6.55% 30.57
2023 44.31 Est @ 4.65% 28.70
2024 45.78 Est @ 3.33% 26.60
2025 46.88 Est @ 2.4% 24.43
2026 47.69 Est @ 1.75% 22.30
2027 48.31 Est @ 1.29% 20.27
2028 48.78 Est @ 0.97% 18.36
2029 49.14 Est @ 0.75% 16.59
Present value of next 10 years cash flows €250.06
DB:ED4 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €49.14 × (1 + 0.23%) ÷ (11.47% – 0.23%)
€438.13
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €438.13 ÷ (1 + 11.47%)10
€147.91
DB:ED4 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €250.06 + €147.91
€397.97
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €397.97 / 25.00
€15.92
DB:ED4 Discount to Share Price
Calculation Result
Value per share (EUR) From above. €15.92
Current discount Discount to share price of €11.76
= -1 x (€11.76 - €15.92) / €15.92
26.1%

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

Current Discount
Amount off the current price EDAG Engineering Group is available for.
Intrinsic value
26%
Share price is €11.76 vs Future cash flow value of €15.92
Current Discount Checks
For EDAG Engineering Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • EDAG Engineering Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • EDAG Engineering Group'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 EDAG Engineering Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are EDAG Engineering Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:ED4 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €0.98
DB:ED4 Share Price ** DB (2019-07-17) in EUR €11.76
Germany Auto Components Industry PE Ratio Median Figure of 11 Publicly-Listed Auto Components Companies 14.13x
Germany Market PE Ratio Median Figure of 419 Publicly-Listed Companies 20.05x

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

** Primary Listing of EDAG Engineering Group.

DB:ED4 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= DB:ED4 Share Price ÷ EPS (both in EUR)

= 11.76 ÷ 0.98

12.01x

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

  • EDAG Engineering Group is good value based on earnings compared to the DE Auto Components industry average.
  • EDAG Engineering Group is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does EDAG Engineering Group's expected growth come at a high price?
Raw Data
DB:ED4 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.01x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
22.8%per year
Germany Auto Components Industry PEG Ratio Median Figure of 10 Publicly-Listed Auto Components Companies 0.62x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

DB:ED4 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.01x ÷ 22.8%

0.53x

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

  • EDAG Engineering Group is good value based on expected growth next year.
Price based on value of assets
What value do investors place on EDAG Engineering Group's assets?
Raw Data
DB:ED4 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €5.96
DB:ED4 Share Price * DB (2019-07-17) in EUR €11.76
Germany Auto Components Industry PB Ratio Median Figure of 12 Publicly-Listed Auto Components Companies 1.26x
Germany Market PB Ratio Median Figure of 565 Publicly-Listed Companies 1.75x
DB:ED4 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= DB:ED4 Share Price ÷ Book Value per Share (both in EUR)

= 11.76 ÷ 5.96

1.97x

* Primary Listing of EDAG Engineering Group.

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

  • EDAG Engineering Group is overvalued based on assets compared to the DE Auto Components industry average.
X
Value checks
We assess EDAG Engineering Group'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. EDAG Engineering Group 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.

ED4 Future Performance

 How is EDAG Engineering Group expected to perform in the next 1 to 3 years based on estimates from 6 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
22.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is EDAG Engineering Group expected to grow at an attractive rate?
  • EDAG Engineering Group's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • EDAG Engineering Group's earnings growth is expected to exceed the Germany market average.
  • EDAG Engineering Group's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:ED4 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:ED4 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 22.8%
DB:ED4 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 5.7%
Germany Auto Components Industry Earnings Growth Rate Market Cap Weighted Average 9.3%
Germany Auto Components Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*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:ED4 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:ED4 Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 1,046 1
2022-12-31 987 1
2021-12-31 905 72 38 5
2020-12-31 860 64 31 6
2019-12-31 817 55 23 6
DB:ED4 Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-03-31 795 57 24
2018-12-31 788 69 25
2018-09-30 774 53 23
2018-06-30 759 73 21
2018-03-31 739 58 16
2017-12-31 725 52 15
2017-09-30 716 67 17
2017-06-30 708 65 15
2017-03-31 712 66 17
2016-12-31 715 52 18
2016-09-30 721 54 22
2016-06-30 730 19 25

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • EDAG Engineering Group's earnings are expected to grow significantly at over 20% yearly.
  • EDAG Engineering Group's revenue is expected to grow by 5.7% 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:ED4 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from EDAG Engineering Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ED4 Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 1.54 1.75 1.30 4.00
2020-12-31 1.24 1.40 1.13 4.00
2019-12-31 0.92 1.02 0.72 4.00
DB:ED4 Past Financials Data
Date (Data in EUR Millions) EPS *
2019-03-31 0.98
2018-12-31 1.02
2018-09-30 0.92
2018-06-30 0.82
2018-03-31 0.64
2017-12-31 0.62
2017-09-30 0.67
2017-06-30 0.60
2017-03-31 0.70
2016-12-31 0.72
2016-09-30 0.89
2016-06-30 1.02

*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.
  • EDAG Engineering Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess EDAG Engineering Group'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.
EDAG Engineering Group has a total score of 4/6, 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.

ED4 Past Performance

  How has EDAG Engineering Group 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 EDAG Engineering Group'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.
  • EDAG Engineering Group's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • EDAG Engineering Group's 1-year earnings growth exceeds its 5-year average (50.1% vs -32%)
  • EDAG Engineering Group's earnings growth has exceeded the DE Auto Components industry average in the past year (50.1% vs -12.5%).
Earnings and Revenue History
EDAG Engineering Group'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 EDAG Engineering Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ED4 Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 794.63 24.31 538.08
2018-12-31 788.25 25.47 537.83
2018-09-30 773.68 23.34 526.52
2018-06-30 759.24 20.76 519.46
2018-03-31 738.79 16.20 509.94
2017-12-31 724.73 15.49 505.49
2017-09-30 716.03 16.61 502.09
2017-06-30 707.74 14.98 496.67
2017-03-31 711.73 17.48 497.07
2016-12-31 714.96 18.05 493.68
2016-09-30 721.34 22.47 490.58
2016-06-30 729.63 25.49 492.26
2016-03-31 730.52 32.30 487.03
2015-12-31 722.14 36.30 479.66
2015-09-30 717.88 56.68 460.79
2015-06-30 710.86 61.30 452.87
2015-03-31 700.83 59.60 446.57
2014-12-31 697.46 58.28 442.62
2013-12-31 620.13 20.54 410.35
2013-01-01 415.84 25.04 260.71

*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.
  • EDAG Engineering Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • EDAG Engineering Group used its assets more efficiently than the DE Auto Components industry average last year based on Return on Assets.
  • EDAG Engineering Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess EDAG Engineering Group'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.
EDAG Engineering Group has a total score of 3/6, 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.

ED4 Health

 How is EDAG Engineering Group'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 EDAG Engineering Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • EDAG Engineering Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • EDAG Engineering Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of EDAG Engineering Group'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 2.1x 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 EDAG Engineering Group Company Filings, last reported 3 months ago.

DB:ED4 Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 147.12 141.84 63.00
2018-12-31 154.31 143.08 63.90
2018-09-30 148.72 208.57 85.06
2018-06-30 140.01 134.77 18.65
2018-03-31 153.42 109.34 19.06
2017-12-31 147.52 114.22 13.53
2017-09-30 145.87 135.28 15.83
2017-06-30 140.73 152.88 21.87
2017-03-31 159.00 116.74 31.92
2016-12-31 152.76 114.87 19.13
2016-09-30 144.98 146.20 14.28
2016-06-30 142.41 167.20 24.12
2016-03-31 159.80 165.33 65.62
2015-12-31 155.24 161.86 70.72
2015-09-30 146.51 189.46 27.16
2015-06-30 140.25 192.56 56.08
2015-03-31 117.41 166.86 39.59
2014-12-31 117.41 166.66 39.59
2013-12-31 102.92 232.91 68.72
2013-01-01 113.01 123.05 36.26
  • EDAG Engineering Group's level of debt (96.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (203.5% vs 96.4% today).
  • Debt is well covered by operating cash flow (40.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.9x coverage).
X
Financial health checks
We assess EDAG Engineering Group'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. EDAG Engineering Group has a total score of 4/6, 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.

ED4 Dividends

 What is EDAG Engineering Group'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
6.38%
Current annual income from EDAG Engineering Group dividends. Estimated to be 6.16% next year.
If you bought €2,000 of EDAG Engineering Group shares you are expected to receive €128 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?
  • EDAG Engineering Group's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • EDAG Engineering Group's dividend is above the markets top 25% of dividend payers in Germany (3.85%).
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:ED4 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 6 Analyst Estimates (S&P Global) See Below
Germany Auto Components Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 4.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

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

DB:ED4 Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.63 5.00
2020-12-31 0.78 6.00
2019-12-31 0.75 5.00
DB:ED4 Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-06-06 0.750 6.261
2018-04-11 0.750 4.627
2017-06-01 0.750 5.099
2016-04-20 0.750 4.839

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

  • Whilst dividend payments have been stable, EDAG Engineering Group has been paying a dividend for less than 10 years.
  • EDAG Engineering Group has only been paying a dividend for 3 years, and since then there has been no growth.
Current Payout to shareholders
What portion of EDAG Engineering Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
X
Income/ dividend checks
We assess EDAG Engineering Group'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 EDAG Engineering Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. EDAG Engineering Group has a total score of 4/6, see the detailed checks below.


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

ED4 Management

 What is the CEO of EDAG Engineering Group'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
Cosimo De Carlo
COMPENSATION €144,548
TENURE AS CEO 1.3 years
CEO Bio

Mr. Cosimo De Carlo has been Chief Executive Officer and Member of Executive Board of EDAG Engineering Group AG since April 15, 2018. Mr. De Carlo has been Group Vice President of Automotive Business at Altran Technologies S.A since May 2015. Mr. De Carlo served as Interim Chief Executive Officer of Germany of Altran Technologies S.A. since November 25, 2016 until October 2017. Mr. De Carlo served as Executive Director of Automotive, Infrastructure & Transportation at Altran Technologies UK Ltd.

CEO Compensation
  • Insufficient data for Cosimo to compare compensation growth.
  • Cosimo's remuneration is lower than average for companies of similar size in Germany.
Management Team

Cosimo De Carlo

TITLE
CEO & Member of Executive Board
COMPENSATION
€145K
TENURE
1.3 yrs

Holger Merz

TITLE
COO & CFO
TENURE
0.1 yrs

Sebastian Lehmann

TITLE
Head of Investor Relations

Christoph Horvath

TITLE
Director of PR-Communication

Michael Pollner

TITLE
Head of Marketing & Editor-In-Chief

Reinhard Bolz

TITLE
Head of Fairs and Exhibitions

Johannes Barckmann

TITLE
Chief Designer

Martin Hillebrecht

TITLE
Head of Competence Centre for Lightweight Construction

Heiko Herchet

TITLE
Chief Executive Electrifier of Trive.Me

Bernd Waterkamp

TITLE
Head of Product Reliability & Documentation
Board of Directors Tenure

Average tenure and age of the EDAG Engineering Group board of directors in years:

0.9
Average Tenure
54
Average Age
  • The average tenure for the EDAG Engineering Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Georg Johannes Denoke

TITLE
Chairman of the Board
COMPENSATION
€277K
AGE
54
TENURE
0.9 yrs

Manfred Hahl

TITLE
Director
AGE
56
TENURE
0.1 yrs

Sylvia Schorr

TITLE
Non-Executive Director
COMPENSATION
€150K
AGE
39
TENURE
3.7 yrs

Philippe Weber

TITLE
Non-Executive Director
COMPENSATION
€178K
AGE
54
TENURE
3.7 yrs

Clemens Prändl

TITLE
Director
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess EDAG Engineering Group'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. EDAG Engineering Group 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.

ED4 News

Simply Wall St News

A Holistic Look At EDAG Engineering Group AG (FRA:ED4)

High growth potential, good value and pays a dividend ED4 is an attractive stock for growth-seeking investors, with an expected earnings growth of 23% in the upcoming year underlying the notable 20% return on equity over the next few years leading up to 2022. … Investors have the opportunity to buy into the stock to reap capital gains, if ED4's projected earnings trajectory does follow analyst consensus growth, which determines my intrinsic value of the company. … DB:ED4 Historical Debt, July 13th 2019 Next Steps: For EDAG Engineering Group, there are three pertinent aspects you should further examine: Historical Performance: What has ED4's returns been like over the past?

Simply Wall St -

Is EDAG Engineering Group AG's (FRA:ED4) P/E Ratio Really That Good?

See our latest analysis for EDAG Engineering Group How Do I Calculate A Price To Earnings Ratio? … The formula for price to earnings is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for EDAG Engineering Group: P/E of 11.97 = €11.72 ÷ €0.98 (Based on the trailing twelve months to March 2019.) Is A High Price-to-Earnings Ratio Good? … DB:ED4 Price Estimation Relative to Market, July 1st 2019 Its relatively low P/E ratio indicates that EDAG Engineering Group shareholders think it will struggle to do as well as other companies in its industry classification.

Simply Wall St -

Is EDAG Engineering Group AG (FRA:ED4) A High Quality Stock To Own?

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for EDAG Engineering Group: 17% = €24m ÷ €147m (Based on the trailing twelve months to March 2019.) Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. … Does EDAG Engineering Group Have A Good ROE? … EDAG Engineering Group's Debt And Its 17% ROE Although EDAG Engineering Group does use debt, its debt to equity ratio of 0.96 is still low.

Simply Wall St -

How Do Analysts See EDAG Engineering Group AG (FRA:ED4) Performing In The Years Ahead?

Help shape the future of investing tools and you could win a $250 gift card! … The most recent earnings announcement EDAG Engineering Group AG's (FRA:ED4) released in December 2018a

Simply Wall St -

How Financially Strong Is EDAG Engineering Group AG (FRA:ED4)?

While small-cap stocks, such as EDAG Engineering Group AG (FRA:ED4) with its market cap of €369m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Understanding the company's financial health becomes. … We'll look at some basic checks that can form a snapshot the company’s financial strength.

Simply Wall St -

Is EDAG Engineering Group AG's (FRA:ED4) Stock Available For A Good Price After Accounting For Growth?

EDAG Engineering Group AG (FRA:ED4) is considered a high-growth stock, but its last closing price of €14.98 left some investors wondering if this high future earnings potential can be rationalized by its current price tag. … Check out our latest analysis for EDAG Engineering Group? … EDAG Engineering Group's extremely high growth potential in the near future is attracting investors

Simply Wall St -

Is EDAG Engineering Group AG (FRA:ED4) A Cash Cow?

If you are currently a shareholder in EDAG Engineering Group AG (FRA:ED4), or considering investing in the stock, you need to examine how the business generates cash, and how it is reinvested. … I will take you through EDAG Engineering Group’s cash flow health and the risk-return concept based on the stock’s cash flow yield, using the most recent financial data. … EDAG Engineering Group’s free cash flow (FCF) is the level of cash flow the business generates from its operational activities, after it reinvests in the company as capital expenditure.

Simply Wall St -

Should We Be Delighted With EDAG Engineering Group AG's (FRA:ED4) ROE Of 15%?

Over the last twelve months EDAG Engineering Group has recorded a ROE of 15%. … That means that for every €1 worth of shareholders' equity, it generated €0.15 in profit. … View our latest analysis for EDAG Engineering Group?

Simply Wall St -

Should You Buy EDAG Engineering Group AG (FRA:ED4) For Its Dividend?

EDAG Engineering Group AG (FRA:ED4) has recently paid dividends to shareholders, and currently yields 4.9%. … Let's take a look at EDAG Engineering Group in more detail. … See our latest analysis for EDAG Engineering Group

Simply Wall St -

Has EDAG Engineering Group AG (FRA:ED4) Been Employing Capital Shrewdly?

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … What is Return On Capital Employed (ROCE)? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

ED4 Company Info

Description

EDAG Engineering Group AG, an engineering service provider, develops vehicles, derivatives, modules, and production facilities for the automotive and commercial vehicle industries worldwide. The company operates through three segments: Vehicle Engineering, Production Solutions, and Electrics/Electronics. It offers engineering services in the areas of vehicle development, including design concept, vehicle development, vehicle functions, and testing/computer aided engineering; production development comprising networked engineering and production solutions; vehicle electrics/electronics; and lightweight, material and technology, electric mobility, integral safety, and commercial vehicle services. The company also provides production services, such as body manufacturing and prototype construction, and assembly services. In addition, it offers engineering services in the areas of project management, process and product data management, quality management, product quality and care, IT, and test engineering. The company was founded in 1969 and is based in Arbon, Switzerland. EDAG Engineering Group AG is a subsidiary of Aton Austria Holding GmbH.

Details
Name: EDAG Engineering Group AG
ED4
Exchange: DB
Founded: 1969
€296,000,000
25,000,000
Website: http://www.edag.de
Address: EDAG Engineering Group AG
Schlossgasse 2,
Arbon,
9320,
Switzerland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
DB ED4 Share Capital Deutsche Boerse AG DE EUR 02. Dec 2015
XTRA ED4 Share Capital XETRA Trading Platform DE EUR 02. Dec 2015
LSE 0RCX Share Capital London Stock Exchange GB EUR 02. Dec 2015
Number of employees
Current staff
Staff numbers
8,681
EDAG Engineering Group employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/17 22:02
End of day share price update: 2019/07/17 00:00
Last estimates confirmation: 2019/07/17
Last earnings filing: 2019/05/08
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.