Traton
Market Cap
€11.4b
Last Updated
2020/02/16 22:56 UTC
Data Sources
Company Financials +
Executive Summary
Traton SE manufactures commercial vehicles worldwide.
Rewards
Risk Analysis
Snowflake Analysis
Very undervalued with acceptable track record.
Similar Companies
Share Price & News
How has Traton's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 8TRA has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-1.5%
8TRA
0.4%
DE Machinery
1.7%
DE Market
1 Year Return
n/a
8TRA
-8.6%
DE Machinery
15.0%
DE Market
Return vs Industry: Insufficient data to determine how 8TRA performed against the German Machinery industry.
Return vs Market: Insufficient data to determine how 8TRA performed against the German Market.
Shareholder returns
| 8TRA | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.5% | 0.4% | 1.7% |
| 30 Day | -3.6% | -2.1% | 0.8% |
| 90 Day | -8.4% | -0.03% | 3.7% |
| 1 Year | n/a | -5.7%-8.6% | 18.5%15.0% |
| 3 Year | n/a | -16.6%-22.6% | 17.1%6.9% |
| 5 Year | n/a | 2.0%-9.5% | 24.3%7.3% |
Price Volatility Vs. Market
How volatile is Traton's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall St
Is Traton SE's (ETR:8TRA) ROE Of 11% Impressive?1 month ago | Simply Wall St
These 4 Measures Indicate That Traton (ETR:8TRA) Is Using Debt Extensively2 months ago | Simply Wall St
Does Traton SE's (ETR:8TRA) P/E Ratio Signal A Buying Opportunity?Valuation
Is Traton undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 8TRA (€22.8) is trading below our estimate of fair value (€47.22)
Significantly Below Fair Value: 8TRA is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 8TRA is good value based on its PE Ratio (0.2x) compared to the Machinery industry average (16x).
PE vs Market: 8TRA is good value based on its PE Ratio (0.2x) compared to the German market (21.1x).
Price to Earnings Growth Ratio
PEG Ratio: 8TRA is good value based on its PEG Ratio (0x)
Price to Book Ratio
PB vs Industry: 8TRA is good value based on its PB Ratio (0.9x) compared to the DE Machinery industry average (1.5x).
Next Steps
Future Growth
How is Traton forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
5.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 8TRA's forecast earnings growth (5.5% per year) is above the savings rate (-0.4%).
Earnings vs Market: 8TRA's earnings (5.5% per year) are forecast to grow slower than the German market (13.3% per year).
High Growth Earnings: 8TRA's earnings are forecast to grow, but not significantly.
Revenue vs Market: 8TRA's revenue (0.8% per year) is forecast to grow slower than the German market (5% per year).
High Growth Revenue: 8TRA's revenue (0.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 8TRA's Return on Equity is forecast to be low in 3 years time (7.7%).
Next Steps
Past Performance
How has Traton performed over the past 5 years?
32.1%
Last years earnings growth
Earnings and Revenue History
Quality Earnings: 8TRA has high quality earnings.
Growing Profit Margin: 8TRA's current net profit margins (5.2%) are higher than last year (4.2%).
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if 8TRA's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: Insufficient data to compare 8TRA's past year earnings growth to its 5-year average.
Earnings vs Industry: 8TRA earnings growth over the past year (32.1%) exceeded the Machinery industry -14.4%.
Return on Equity
High ROE: 8TRA's Return on Equity (10.7%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Traton's financial position?
Financial Position Analysis
Short Term Liabilities: 8TRA's short term assets (€17.2B) exceed its short term liabilities (€16.8B).
Long Term Liabilities: 8TRA's short term assets (€17.2B) exceed its long term liabilities (€14.4B).
Debt to Equity History and Analysis
Debt Level: 8TRA's debt to equity ratio (84.2%) is considered high.
Reducing Debt: Insufficient data to determine if 8TRA's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 8TRA's debt is not well covered by operating cash flow (8.4%).
Interest Coverage: 8TRA's interest payments on its debt are well covered by EBIT (11.7x coverage).
Balance Sheet
Inventory Level: 8TRA has a high level of physical assets or inventory.
Debt Coverage by Assets: 8TRA's debt is covered by short term assets (assets are 1.5x debt).
Next Steps
Dividend
What is Traton's current dividend yield, its reliability and sustainability?
4.39%
Forecast Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate 8TRA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate 8TRA's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if 8TRA's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 8TRA's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 8TRA's dividend in 3 years as they are not forecast to pay a notable one for the German market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.1yrs
Average board tenure
CEO
Andreas Hermann Renschler (61yo)
Mr. Andreas Hermann Renschler is Chief Executive Officer at Traton SE. He has been Member of Supervisory Board at Porsche Cars North America, Inc. since May 22, 2018. In February 2015, he joined Volkswagen ...
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Supervisory Board | 1.1yrs | no data | no data | |
| Member of the Supervisory Board | 1.1yrs | no data | no data | |
| Member of the Supervisory Board | 1.1yrs | no data | no data | |
| Member of the Supervisory Board | 1.1yrs | no data | no data | |
| Member of the Supervisory Board | 1.1yrs | no data | no data | |
| Member of the Supervisory Board | 1.1yrs | no data | no data | |
| Member of the Supervisory Board | 1.1yrs | no data | no data | |
| Deputy Chairman of the Supervisory Board | 1.1yrs | no data | no data | |
| Member of the Supervisory Board | 1.1yrs | no data | no data | |
| Member of the Supervisory Board | 1.1yrs | no data | no data |
1.1yrs
Average Tenure
57yo
Average Age
Experienced Board: 8TRA's board of directors are not considered experienced ( 1.1 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: 8TRA only recently listed within the past 12 months, with total shares outstanding growing by 2.6% in the past year..
Top Shareholders
Company Information
Traton SE's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Traton SE
- Ticker: 8TRA
- Exchange: XTRA
- Founded:
- Industry: Construction Machinery and Heavy Trucks
- Sector: Capital Goods
- Market Cap: €11.400b
- Shares outstanding: 500.00m
- Website: https://www.traton.com
Number of Employees
Location
- Traton SE
- Dachauer Str 641
- Munich
- Bavaria
- 80995
- Germany
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 8TRA | DB (Deutsche Boerse AG) | Yes | Ordinary Bearer Shares | DE | EUR | Jun 2019 |
| 8TRA | OM (OMX Nordic Exchange Stockholm) | Yes | Ordinary Bearer Shares | SE | SEK | Jun 2019 |
| 8TRA | WBAG (Wiener Boerse AG) | Yes | Ordinary Bearer Shares | AT | EUR | Jun 2019 |
| 8TRA | XTRA (XETRA Trading Platform) | Yes | Ordinary Bearer Shares | DE | EUR | Jun 2019 |
Biography
Traton SE manufactures commercial vehicles worldwide. The company operates through Industrial Business and Financial Services segments. It offers light-duty commercial vehicles, trucks, and buses, as well as related parts and services; and digital services and solutions for the transport industry. The company offers its products and services under the MAN, Scania, Volkswagen Caminhões e Ônibus, and RIO brands. It also offers a range of financial solutions, including loan financing, lease contracts, and insurance solutions. The company is based in Munich, Germany. Traton SE a subsidiary of Volkswagen AG.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/16 22:56 |
| End of Day Share Price | 2020/02/14 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.