XTRA:CEA

Stock Analysis Report

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Executive Summary

FRIWO AG develops, manufactures, and sells power supplies and chargers worldwide.


Snowflake Analysis

Imperfect balance sheet unattractive dividend payer.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: CEA has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.8%

CEA

5.1%

DE Electrical

6.8%

DE Market


1 Year Return

-70.5%

CEA

33.2%

DE Electrical

5.6%

DE Market

Return vs Industry: CEA underperformed the German Electrical industry which returned 32.6% over the past year.

Return vs Market: CEA underperformed the German Market which returned 4.4% over the past year.


Shareholder returns

CEAIndustryMarket
7 Day-1.8%5.1%6.8%
30 Day-4.7%17.8%14.0%
90 Day-15.0%6.5%7.5%
1 Year-70.5%-70.5%33.6%33.2%7.4%5.6%
3 Year-59.7%-60.8%-31.3%-33.5%0.3%-7.3%
5 Year-48.6%-51.0%-20.2%-25.4%12.4%-2.0%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

3.65x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: CEA (€8.2) is trading above our estimate of fair value (€4.91)

Significantly Below Fair Value: CEA is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CEA is unprofitable, so we can't compare its PE Ratio to the Electrical industry average.

PE vs Market: CEA is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CEA's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CEA is overvalued based on its PB Ratio (3.7x) compared to the DE Electrical industry average (2.8x).


Next Steps

Future Growth

How is FRIWO forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

57.6%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as FRIWO has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has FRIWO performed over the past 5 years?

4.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CEA is currently unprofitable.

Growing Profit Margin: CEA is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CEA is unprofitable, but has reduced losses over the past 5 years at a rate of 4.8% per year.

Accelerating Growth: Unable to compare CEA's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CEA is unprofitable, making it difficult to compare its past year earnings growth to the Electrical industry (60.2%).


Return on Equity

High ROE: CEA has a negative Return on Equity (-4.95%), as it is currently unprofitable.


Next Steps

Financial Health

How is FRIWO's financial position?


Financial Position Analysis

Short Term Liabilities: CEA's short term assets (€44.8M) exceed its short term liabilities (€31.0M).

Long Term Liabilities: CEA's short term assets (€44.8M) exceed its long term liabilities (€10.5M).


Debt to Equity History and Analysis

Debt Level: CEA's debt to equity ratio (109.9%) is considered high.

Reducing Debt: CEA's debt to equity ratio has increased from 63.9% to 109.9% over the past 5 years.

Debt Coverage: CEA's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if CEA's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

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

4.88%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CEA's dividend (4.88%) is higher than the bottom 25% of dividend payers in the German market (1.27%).

High Dividend: CEA's dividend (4.88%) is in the top 25% of dividend payers in the German market (3.75%)


Stability and Growth of Payments

Stable Dividend: CEA has been paying a dividend for less than 10 years and during this time payments have been volatile.

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


Current Payout to Shareholders

Dividend Coverage: CEA is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.4yrs

Average management tenure


CEO

Rolf Schwirz

3.42yrs

Tenure

Mr. Rolf Schwirz serves as Chief Executive Officer at FRIWO AG since 2017. He serves as a Managing Director of FRIWO Gerätebau GmbH. Mr. Schwirz served as Chairman of Management Board and Chief Executive O ...


Leadership Team

NamePositionTenureCompensationOwnership
Rita Brehm
Personnel Officer & Member of the Supervisory Boardno data€10.00kno data
Rolf Schwirz
Chief Executive Officer3.42yrsno datano data
Ulrich Lammers
Chief Financial Officer1.42yrsno datano data
Martin Schimmelpfennig
Head of Finance & Production and Member of Management Board6.17yrsno datano data
Dominik Wöffen
Chief Operation Officerno datano datano data
Tobias Müller
Chief Technology Officer1.42yrsno datano data
Michael Wiegand
Chief Sales Officer1.42yrsno datano data

1.4yrs

Average Tenure

Experienced Management: CEA's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


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: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: FRIWO AG
  • Ticker: CEA
  • Exchange: XTRA
  • Founded: 1967
  • Industry: Electrical Components and Equipment
  • Sector: Capital Goods
  • Market Cap: €63.140m
  • Shares outstanding: 7.70m
  • Website: https://www.friwo-ag.de

Number of Employees


Location

  • FRIWO AG
  • Von-Liebig-Strasse 11
  • Ostbevern
  • North Rhine-Westphalia
  • 48346
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CEADB (Deutsche Boerse AG)YesBearer SharesDEEURJan 1992
CEAXTRA (XETRA Trading Platform)YesBearer SharesDEEURJan 1992

Biography

FRIWO AG develops, manufactures, and sells power supplies and chargers worldwide. The company was formerly known as CEAG AG and changed its name to FRIWO AG in 2009. FRIWO AG was founded in 1967 and is headquartered in Ostbevern, Germany. FRIWO AG is a subsidiary of VTC Industriebeteiligungen GmbH & Co. KG. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/05 22:00
End of Day Share Price2020/06/05 00:00
Earnings2019/09/30
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.