DB:MW4

Stock Analysis Report

Executive Summary

AKWEL engages in the design, development, production, and sale of tooling equipment and parts to automotive and truck manufacturers in France and internationally.

Snowflake

Fundamentals

Very undervalued with flawless balance sheet.


Similar Companies

Share Price & News

How has AKWEL's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

6.9%

MW4

2.3%

DE Auto Components

1.4%

DE Market


1 Year Return

n/a

MW4

-11.1%

DE Auto Components

3.7%

DE Market

Return vs Industry: Insufficient data to determine how MW4 performed against the German Auto Components industry.

Return vs Market: Insufficient data to determine how MW4 performed against the German Market.


Shareholder returns

MW4IndustryMarket
7 Day6.9%2.3%1.4%
30 Day0.9%-2.7%1.3%
90 Day13.6%1.2%3.4%
1 Yearn/a-7.3%-11.1%7.0%3.7%
3 Yearn/a-24.5%-30.8%18.5%8.3%
5 Yearn/a-17.1%-25.6%42.2%22.9%

Price Volatility Vs. Market

How volatile is AKWEL's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is AKWEL undervalued compared to its fair value and its price relative to the market?

43.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: MW4 (€17.58) is trading below our estimate of fair value (€30.88)

Significantly Undervalued: MW4 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: MW4 is good value based on its PE Ratio (9.3x) compared to the Auto Components industry average (13.1x).

PE vs Market: MW4 is good value based on its PE Ratio (9.3x) compared to the German market (19.3x).


Price to Earnings Growth Ratio

Low PEG Ratio: MW4 is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: MW4 is good value based on its PB Ratio (1x) compared to the DE Auto Components industry average (1.2x).


Next Steps

Future Growth

How is AKWEL forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

14.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MW4's forecast earnings growth (14.1% per year) is above the savings rate (0.2%).

Earnings vs Market: MW4's earnings (14.1% per year) are forecast to grow faster than the German market (12.7% per year).

High Growth Earnings: MW4's earnings are forecast to grow, but not significantly.

Revenue vs Market: MW4's revenue (5.5% per year) is forecast to grow faster than the German market (5% per year).

High Growth Revenue: MW4's revenue (5.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: MW4's Return on Equity is forecast to be low in 3 years time (13.9%).


Next Steps

Past Performance

How has AKWEL performed over the past 5 years?

12.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: MW4's earnings have grown by 12.2% per year over the past 5 years.

Accelerating Growth: MW4's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MW4 had negative earnings growth (-38%) over the past year, making it difficult to compare to the Auto Components industry average (-6.3%).


Return on Equity

High ROE: MW4's Return on Equity (10.8%) is considered low.


Return on Assets

ROA vs Industry: MW4 has a higher Return on Assets than the Auto Components industry average last year.


Return on Capital Employed

ROCE Improving: MW4's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is AKWEL's financial position?


Financial Position Analysis

Short Term Liabilities: MW4's short term assets (€468.4M) exceeds its short term liabilities (€243.2M)

Long Term Liabilities: MW4's short term assets (468.4M) exceeds its long term liabilities (97.4M)


Debt to Equity History and Analysis

Debt Level: MW4's debt to equity ratio (21.9%) is considered satisfactory

Reducing Debt: MW4's debt to equity ratio has reduced from 52.4% to 21.9% over the past 5 years.

Debt Coverage: MW4's debt is well covered by operating cash flow (87.5%).

Interest Coverage: MW4's interest payments on its debt are well covered by EBIT (31x coverage).


Balance Sheet

Inventory Level: MW4 has a high level of physical assets or inventory.

Debt Coverage by Assets: MW4's debt is covered by short term assets (assets are 4.461160x debt).


Next Steps

Dividend

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

1.68%

Current Dividend Yield


Dividend Yield vs Market

company1.7%marketbottom25%1.5%markettop25%3.8%industryaverage4.1%forecastin3Years2.0%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: MW4's dividend (1.68%) is higher than the bottom 25% of dividend payers in the German market (1.47%).

High Dividend: MW4's dividend (1.68%) is low compared to the top 25% of dividend payers in the German market (3.83%).

Stable Dividend: Whilst dividend payments have been stable, MW4 has been paying a dividend for less than 10 years.

Growing Dividend: MW4's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (15.7%), MW4's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: MW4's dividends in 3 years are forecast to be thoroughly covered by earnings (12.2% payout ratio).


Next Steps

Management

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

5.1yrs

Average management tenure


CEO

Mathieu Coutier (44yo)

4.3yrs

Tenure

€623,361

Compensation

Mr. Mathieu Coutier serves as Chairman of the Management Board and Information Manager at AKWEL and has been its Member of Management Board since 2009. 


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Mathieu's total compensation is reasonable compared to companies of similar size in the German market.

Compensation vs Earnings: Mathieu's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Management Age and Tenure

5.1yrs

Average Tenure

44yo

Average Age

Experienced Management: MW4's management team is seasoned and experienced (5.1 years average tenure).


Board Age and Tenure

4.3yrs

Average Tenure

52.5yo

Average Age

Experienced Board: MW4's board of directors are considered experienced (4.3 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Jean-Louis Thomasset (54yo)

    Vice-Chairman of the Management Board & VP of Financial

    • Tenure: 0yrs
    • Compensation: €715.23k
  • Mathieu Coutier (44yo)

    Chairman of the Management Board & Information Manager

    • Tenure: 4.3yrs
    • Compensation: €623.36k
  • Frédéric Marier (56yo)

    VP of Manufacturing Performance & Member of the Management Board

    • Tenure: 2.7yrs
    • Compensation: €550.27k
  • Benoît Coutier (41yo)

    VP of Legal & Member of Management Board

    • Tenure: 5.8yrs
    • Compensation: €551.09k
  • Nicolas Coutier (38yo)

    VP of Industrialisation & Standardisation and Member of Management Board

    • Tenure: 5.8yrs
    • Compensation: €551.09k
  • Ludovic Mercier

    Vice President of Marketing & Sales

    • Tenure: 0yrs

Board Members

  • André Coutier (70yo)

    Chairman of the Supervisory Board

    • Tenure: 4.3yrs
    • Compensation: €329.62k
  • Nicolas Job (64yo)

    Member of the Supervisory Board

    • Tenure: 6.3yrs
    • Compensation: €9.32k
  • Geneviève Coutier (71yo)

    Member of the Supervisory Board

    • Tenure: 4.3yrs
    • Compensation: €18.00k
  • Christophe Coutier (41yo)

    Member of the Supervisory Board

    • Tenure: 4.3yrs
    • Compensation: €24.00k
  • Emilie Coutier (37yo)

    Member of the Supervisory Board

    • Tenure: 3.3yrs
    • Compensation: €12.00k
  • Christophe Besse (41yo)

    Employee Member of the Supervisory Board

    • Tenure: 0yrs
    • Compensation: €12.00k

Company Information

AKWEL's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: AKWEL
  • Ticker: MW4
  • Exchange: DB
  • Founded: 1972
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Market Cap: €476.974m
  • Shares outstanding: 26.74m
  • Website: https://akwel-automotive.com

Number of Employees


Location

  • AKWEL
  • 975, route des Burgondes
  • Champfromier
  • Rhône-Alpes
  • 1410
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AKWENXTPA (Euronext Paris)YesShare CapitalFREURJun 1994
0F8VLSE (London Stock Exchange)YesShare CapitalGBEURJun 1994
MW4BST (Boerse-Stuttgart)YesShare CapitalDEEURJun 1994
MW4DB (Deutsche Boerse AG)YesShare CapitalDEEURJun 1994

Biography

AKWEL engages in the design, development, production, and sale of tooling equipment and parts to automotive and truck manufacturers in France and internationally. The company was formerly known as MGI Cout ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 22:13
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.