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KTM Industries

DB:KTMI
Snowflake Description

Excellent balance sheet with limited growth.

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

KTM Industries AG, together with its subsidiaries, operates in the automotive sector worldwide. The last earnings update was 175 days ago. More info.


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KTMI Share Price and Events
7 Day Returns
2.2%
DB:KTMI
3.3%
DE Auto
2.9%
DE Market
1 Year Returns
-9.2%
DB:KTMI
-18.3%
DE Auto
-12.1%
DE Market
KTMI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
KTM Industries (KTMI) 2.2% -1.8% 1.9% -9.2% 67% -
DE Auto 3.3% -0.8% -0.8% -18.3% 8.3% -20%
DE Market 2.9% 0.8% 0.2% -12.1% 11.8% 4.9%
1 Year Return vs Industry and Market
  • KTMI outperformed the Auto industry which returned -18.3% over the past year.
  • KTMI outperformed the Market in Germany which returned -12.1% over the past year.
Price Volatility
KTMI
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for KTM Industries's competitors could be found in our database.

KTMI Value

 Is KTM Industries 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 KTM Industries 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 KTM Industries.

DB:KTMI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8%
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:KTMI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 9.8%
Auto Unlevered Beta Simply Wall St/ S&P Global 0.6
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.596 (1 + (1- 25%) (42.33%))
0.785
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.8 * 9.77%)
8.05%

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

The calculations below outline how an intrinsic value for KTM Industries is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:KTMI DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (EUR, Millions) 60.74 67.76 75.60 84.34 94.09
Source Est @ 11.56% Est @ 11.56% Est @ 11.56% Est @ 11.56% Est @ 11.56%
Present Value
Discounted (@ 8.05%)
56.22 58.05 59.94 61.89 63.90
Present value of next 5 years cash flows €299.98
DB:KTMI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= €94.09 × (1 + 0.23%) ÷ (8.05% – 0.23%)
€1,206.32
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= €1,206.32 ÷ (1 + 8.05%)5
€819.27
DB:KTMI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= €299.98 + €819.27
€1,119.25
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €1,119.25 / 22.54
€49.48
DB:KTMI Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:KTMI represents 0.99637x of WBAG:KTMI
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99637x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 49.66 x 0.99637
€49.48
Value per share (EUR) From above. €49.48
Current discount Discount to share price of €55.00
= -1 x (€55.00 - €49.48) / €49.48
-11.2%

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

  • The current share price of KTM Industries is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 KTM Industries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are KTM Industries's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:KTMI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in EUR €1.64
WBAG:KTMI Share Price ** WBAG (2019-02-18) in EUR €55.2
Germany Auto Industry PE Ratio Median Figure of 6 Publicly-Listed Auto Companies 6.61x
Germany Market PE Ratio Median Figure of 420 Publicly-Listed Companies 18.16x

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

** Primary Listing of KTM Industries.

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

= WBAG:KTMI Share Price ÷ EPS (both in EUR)

= 55.2 ÷ 1.64

33.68x

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

  • KTM Industries is overvalued based on earnings compared to the DE Auto industry average.
  • KTM Industries is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does KTM Industries's expected growth come at a high price?
Raw Data
DB:KTMI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 33.68x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
11%per year
Europe Auto Industry PEG Ratio Median Figure of 10 Publicly-Listed Auto Companies 0.66x
Germany Market PEG Ratio Median Figure of 277 Publicly-Listed Companies 1.39x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for KTM Industries, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on KTM Industries's assets?
Raw Data
DB:KTMI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in EUR €11.72
WBAG:KTMI Share Price * WBAG (2019-02-18) in EUR €55.2
Germany Auto Industry PB Ratio Median Figure of 8 Publicly-Listed Auto Companies 0.97x
Germany Market PB Ratio Median Figure of 566 Publicly-Listed Companies 1.79x
DB:KTMI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= WBAG:KTMI Share Price ÷ Book Value per Share (both in EUR)

= 55.2 ÷ 11.72

4.71x

* Primary Listing of KTM Industries.

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

  • KTM Industries is overvalued based on assets compared to the DE Auto industry average.
X
Value checks
We assess KTM Industries'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 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 industry average (and greater than 0)? (1 check)
  5. KTM Industries has a total score of 0/6, 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.

KTMI Future Performance

 How is KTM Industries expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

  • No analysts cover KTM Industries, future earnings growth has been estimated based on fundamentals.
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
11%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is KTM Industries expected to grow at an attractive rate?
  • KTM Industries's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • KTM Industries's earnings growth is expected to exceed the Germany market average.
  • KTM Industries's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:KTMI Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:KTMI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 11%
DB:KTMI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts -0.5%
Germany Auto Industry Earnings Growth Rate Market Cap Weighted Average 6.2%
Europe Auto Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 9.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.7%

*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:KTMI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:KTMI Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 1,581 1
2019-12-31 1,511 1
2018-12-31 1,567 1
DB:KTMI Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-06-30 1,592 120 37
2018-03-31 1,562 141 41
2017-12-31 1,533 161 45
2017-09-30 1,395 177 48
2017-06-30 1,332 138 45
2017-03-31 1,342 168 48
2016-12-31 1,343 168 52
2016-09-30 1,312 158 40
2016-06-30 1,276 108 36
2016-03-31 1,245 178 36
2015-12-31 1,224 107 30
2015-09-30 1,186 79 22

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • KTM Industries's earnings are expected to grow by 11% yearly, however this is not considered high growth (20% yearly).
  • KTM Industries's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:KTMI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (7 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from KTM Industries Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:KTMI Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31
2019-12-31
2018-12-31
DB:KTMI Past Financials Data
Date (Data in EUR Millions) EPS *
2018-06-30 1.64
2018-03-31 1.81
2017-12-31 1.98
2017-09-30 2.08
2017-06-30 2.02
2017-03-31 2.12
2016-12-31 2.31
2016-09-30 1.81
2016-06-30 1.61
2016-03-31 1.59
2015-12-31 1.33
2015-09-30 0.96

*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.
  • Unable to establish if KTM Industries will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess KTM Industries'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 Europe 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.
KTM Industries has a total score of 2/6, 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.

KTMI Past Performance

  How has KTM Industries 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 KTM Industries's growth in the last year to its industry (Auto).
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.
  • KTM Industries's year on year earnings growth rate has been positive over the past 5 years.
  • KTM Industries's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • KTM Industries's 1-year earnings growth is negative, it can't be compared to the DE Auto industry average.
Earnings and Revenue History
KTM Industries'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 KTM Industries Company Filings, last reported 7 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:KTMI Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 1,591.60 36.95 274.40 48.62
2018-03-31 1,562.30 40.82 267.00 48.19
2017-12-31 1,533.00 44.69 259.60 47.75
2017-09-30 1,394.92 47.57 246.10 40.71
2017-06-30 1,331.94 45.48 242.22 33.38
2017-03-31 1,342.46 47.84 246.57 40.14
2016-12-31 1,342.96 52.08 249.50 39.75
2016-09-30 1,311.80 40.19 230.58 44.42
2016-06-30 1,275.97 36.20 224.88 40.94
2016-03-31 1,244.59 35.86 226.63 19.64
2015-12-31 1,223.57 30.01 218.55 29.71
2015-09-30 1,186.48 21.52 220.59 16.52
2015-06-30 1,183.32 27.83 213.06 14.41
2015-03-31 1,134.98 24.17 203.91 12.20
2014-12-31 1,086.30 24.12 196.10 11.06
2014-09-30 1,041.84 37.67 184.49 13.06
2014-06-30 985.93 38.18 177.52 17.21
2014-03-31 948.26 32.89 172.20 22.11
2013-12-31 910.59 27.60 166.89 27.01
2013-09-30 885.05 18.76 164.70 28.24
2013-06-30 859.50 9.92 162.51 29.47
2013-03-31 824.07 8.74 155.33 28.35
2012-12-31 788.64 7.57 148.16 27.24
2012-09-30 757.14 5.16 142.91 25.65
2012-06-30 725.63 2.75 137.65 24.06
2012-03-31 702.13 3.41 133.94 24.11

*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.
  • KTM Industries has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • KTM Industries used its assets less efficiently than the DE Auto industry average last year based on Return on Assets.
  • KTM Industries's use of capital has not improved over the past 3 years (Return on Capital Employed).
X
Past performance checks
We assess KTM Industries'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 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.
KTM Industries has a total score of 1/6, 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.

KTMI Health

 How is KTM Industries'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 KTM Industries's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • KTM Industries is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • KTM Industries's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of KTM Industries'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 1.4x 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 KTM Industries Company Filings, last reported 7 months ago.

DB:KTMI Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 490.94 526.61 143.67
2018-03-31 490.94 526.61 143.67
2017-12-31 528.58 544.04 178.69
2017-09-30 528.58 544.04 178.69
2017-06-30 486.22 558.09 83.84
2017-03-31 486.22 558.09 83.84
2016-12-31 454.94 648.18 301.44
2016-09-30 409.90 648.61 204.28
2016-06-30 380.40 656.62 191.53
2016-03-31 380.31 537.27 108.81
2015-12-31 386.62 522.57 143.18
2015-09-30 365.58 502.17 68.07
2015-06-30 421.71 422.96 90.66
2015-03-31 370.93 366.33 97.15
2014-12-31 370.93 366.33 97.15
2014-09-30
2014-06-30 369.23 388.12 23.33
2014-03-31 308.52 385.52 48.57
2013-12-31 308.52 385.52 48.57
2013-09-30 308.52 385.52 48.57
2013-06-30 322.87 399.60 20.57
2013-03-31 322.87 399.60 20.57
2012-12-31 316.06 399.17 49.55
2012-09-30 316.06 399.17 49.55
2012-06-30 308.64 370.18 40.58
2012-03-31 308.64 370.18 40.58
  • KTM Industries's level of debt (107.3%) 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 (123.8% vs 107.3% today).
  • Debt is well covered by operating cash flow (22.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 10.5x coverage).
X
Financial health checks
We assess KTM Industries'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. KTM Industries has a total score of 5/6, 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.

KTMI Dividends

 What is KTM Industries'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
0.54%
Current annual income from KTM Industries dividends.
If you bought €2,000 of KTM Industries shares you are expected to receive €11 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?
  • KTM Industries's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.53%).
  • KTM Industries's dividend is below the markets top 25% of dividend payers in Germany (3.96%).
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:KTMI 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 1 Analyst Estimates (S&P Global) See Below
Europe Auto Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 4.4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 332 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 4%

Industry and Market average data is calculated daily.

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

DB:KTMI Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31
2018-12-31
DB:KTMI Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2018-03-20 0.300 0.493
2017-03-27 0.300 0.562
2016-04-06 0.300 0.714

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

  • KTM Industries is not paying a notable dividend for Germany, therefore no need to check if the payments are stable.
  • KTM Industries is not paying a notable dividend for Germany, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of KTM Industries's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of KTM Industries's dividends as it is not paying a notable one for Germany.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess KTM Industries's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 KTM Industries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. KTM Industries has a total score of 0/6, see the detailed checks below.


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

KTMI Management

 What is the CEO of KTM Industries'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
Engineer Pierer
COMPENSATION €2,126,063
AGE 62
CEO Bio

Mr. Engineer Stefan Pierer, Dipl.-Ing. serves as the Chief Executive Officer of Pierer Industrie AG. Engineer Pierer serves as the Chief Executive Officer of CROSS Informatik GmbH and CROSS Immobilien AG. Engineer Pierer serves as Chairman and Chief Executive Officer of KTM Power Sports AG and has been its Member of Executive Board since 1992. He serves as Chief Executive Officer at the KTM AG and has been its Member of Executive Board since October 11, 1996. Mr. Engineer Pierer also serves as the Chief Executive Officer and member of supervisory board at WP Immobilien GmbH. He has been Managing Director of KTM Power Sports AG since 1992. He serves as the Chief Executive Officer of KTM-Sportmotorcycle AG. He serves as Managing Director of Pierer Industrie AG. He serves as the Chief Executive Officer at KTM Industries AG and its Member of Management Board since June 2, 2015 and also served as its Chairman of the Management Board. He served as the Chief Executive Officer and Member of the Management Board at Unternehmens Invest AG from February 2010 to July 26, 2012. He served as an Authorized Officer and Sales Assistant of HOVAL GmbH since 1982 and served as its Sales Manager and authorized signatory. He founded Cross Motorsport Systems AG (CROSS group) in 1987 and served as its Member of Executive Board. He serves as the Chairman of KTM Sportmotorcycle AG and CROSS Holding AG. Mr. Pierer served as the Chairman of Supervisory Board of WP AG since July 23, 2014 and Cross Motorsport Systems AG. He serves as the Deputy Chairman of the Supervisory Board at WP AG. Engineer Pierer has been the Chairman of Supervisory Board and Member of Supervisory Board of Pankl Racing Systems AG since June 29, 2006. He serves as the Chairman of the Supervisory Board of Eternit-Werke Ludwig Hatschek AG and Wirtschaftspark Wels Einrichtungs- und Betriebs- AG. He served as Chairman of Supervisory Board at BF Holding AG (Alternate Name: Brain Force Holding AG) since February 24, 2010. He served as Chairman of the Supervisory Board at Unternehmens Invest AG from November 2, 2005 to May 2007 and served as its Deputy Chairman of the Supervisory Board since May 2007. Mr. Pierer served as the Chairman of Supervisory Board of Quanmax AG (now S&T AG) from May 5, 2005 to June 7, 2006. He serves as a Member of the Supervisory Board at Athos Immobilien AG. He has been a Member of Supervisory Board at BF Holding AG since May 28, 2008. He serves as Member of Supervisory Board at CROSS Immobilien AG. He serves as a Director of KTM North America Inc. He served as a Member of the Supervisory Board at Quanmax AG until June 7, 2006. He served as a Member of the Supervisory Board of BEKO Holding AG and Austria Email AG. He served as a Member of Supervisory Board at Quanmax AG until June 7, 2006 and Unternehmens Invest since November 2, 2005. He served as a Director of Polaris Industries Inc. from October 20, 2005 to August 3, 2006. Mr. Pierer graduated in Business and Energy Management from the Montan University in Leoben, Austria.

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

Average tenure and age of the KTM Industries management team in years:

1.1
Average Tenure
56
Average Age
  • The average tenure for the KTM Industries management team is less than 2 years, this suggests a new team.
Management Team

Engineer Pierer

TITLE
CEO & Member of Management Board
COMPENSATION
€2M
AGE
62

Friedrich Roithner

TITLE
CFO & Member of Management Board
COMPENSATION
€894K
AGE
55
TENURE
8.6 yrs

Hubert Trunkenpolz

TITLE
Member of Management Board
AGE
56
TENURE
1.1 yrs

Harald Plöckinger

TITLE
Member of Management Board
AGE
57
TENURE
1.1 yrs

Michaela Friepeß

TITLE
Executive Officer
COMPENSATION
€41K
AGE
46
Board of Directors

Josef Blazicek

TITLE
Chairman of the Supervisory Board
AGE
54

Wels Chalupsky

TITLE
Deputy Chairman of the Supervisory Board
AGE
64

Klaus Rinnerberger

TITLE
Member of Supervisory Board
AGE
54
TENURE
4.1 yrs

Gerald Kiska

TITLE
Member of Supervisory Board
AGE
59
TENURE
5.1 yrs
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 KTM Industries'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. KTM Industries 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.

KTMI News

Simply Wall St News

KTMI Company Info

Map
Description

KTM Industries AG, together with its subsidiaries, operates in the automotive sector worldwide. It operates through KTM, Pankl, and WP segments. The KTM segment develops, produces, and distributes motorized vehicles for recreational purposes, including off-road and street motorcycles; mini-motorcycles; X-BOW; and brand accessories, which includes spare parts, technical accessories, and clothing under the KTM and Husqvarna Motorcycles brands. The WP segment develops, produces, and sells chassis components for motorcycles and vehicles, including suspension components, frame construction and related welded-steel components, radiators and exhaust systems, and cooling systems under the WP Suspension, WP, and WP Performance Systems brands. The Pankl segment develops, produces, sells, and services engine, drivetrain, and mechanical systems for racing, luxury car, and aerospace industries. The company was formerly known as CROSS Industries AG and changed its name to KTM Industries AG in July 2016. The company was founded in 1953 and is headquartered in Wels, Austria. KTM Industries AG is a subsidiary of Pierer Konzerngesellschaft mbH.

Details
Name: KTM Industries AG
KTMI
Exchange: DB
Founded: 1953
€1,244,134,804
22,538,674
Website: http://www.ktm-industries.com
Address: KTM Industries AG
Edisonstrasse 1,
Wels,
Upper Austria, 4600,
Austria
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WBAG KTMI Common Stock Wiener Boerse AG AT EUR 03. Jun 2015
DB KTMI Common Stock Deutsche Boerse AG DE EUR 03. Jun 2015
SWX KTMI Common Stock SIX Swiss Exchange CH CHF 03. Jun 2015
BATS-CHIXE KTMIZ Common Stock BATS 'Chi-X Europe' GB CHF 03. Jun 2015
SWX KTMI NPV SIX Swiss Exchange CH CHF 24. May 2018
WBAG KTMI NPV Wiener Boerse AG AT EUR 24. May 2018
BATS-CHIXE KTMIV NPV BATS 'Chi-X Europe' GB EUR 18. Feb 2019
Number of employees
Current staff
Staff numbers
4,334
KTM Industries employees.
Industry
Motorcycle Manufacturers
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/18 23:45
End of day share price update: 2019/02/18 00:00
Last estimates confirmation: 2019/01/16
Last earnings filing: 2018/08/27
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


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.