Heidelberger Druckmaschinen
Market Cap
€174.4m
Last Updated
2020/04/02 01:59 UTC
Data Sources
Company Financials +
Executive Summary
Heidelberger Druckmaschinen Aktiengesellschaft provides products, services, consumables, and software solutions for the printing industry in Europe, the Middle East, Africa, Asia/Pacific, North America, South America, and Eastern Europe.
Snowflake Analysis
Good value with moderate growth potential.
Similar Companies
Share Price & News
How has Heidelberger Druckmaschinen's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HDD's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-2.5%
HDD
-3.1%
DE Machinery
-2.7%
DE Market
1 Year Return
-66.0%
HDD
-31.5%
DE Machinery
-20.4%
DE Market
Return vs Industry: HDD underperformed the German Machinery industry which returned -31.5% over the past year.
Return vs Market: HDD underperformed the German Market which returned -20.4% over the past year.
Shareholder returns
| HDD | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.5% | -3.1% | -2.7% |
| 30 Day | -28.6% | -18.2% | -18.4% |
| 90 Day | -50.2% | -30.0% | -26.7% |
| 1 Year | -66.0%-66.0% | -29.4%-31.5% | -18.1%-20.4% |
| 3 Year | -75.4%-75.4% | -42.2%-46.3% | -19.1%-25.9% |
| 5 Year | -77.9%-77.9% | -30.2%-38.0% | -19.5%-30.4% |
Price Volatility Vs. Market
How volatile is Heidelberger Druckmaschinen's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall St
A Sliding Share Price Has Us Looking At Heidelberger Druckmaschinen Aktiengesellschaft's (ETR:HDD) P/E Ratio2 weeks ago | Simply Wall St
How Does Heidelberger Druckmaschinen's (ETR:HDD) P/E Compare To Its Industry, After The Share Price Drop?1 month ago | Simply Wall St
Heidelberger Druckmaschinen (ETR:HDD) Has A Somewhat Strained Balance SheetValuation
Is Heidelberger Druckmaschinen 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: HDD (€0.57) is trading below our estimate of fair value (€2.91)
Significantly Below Fair Value: HDD is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: HDD is poor value based on its PE Ratio (16.9x) compared to the Machinery industry average (9.9x).
PE vs Market: HDD is poor value based on its PE Ratio (16.9x) compared to the German market (16.2x).
Price to Earnings Growth Ratio
PEG Ratio: HDD is good value based on its PEG Ratio (0.1x)
Price to Book Ratio
PB vs Industry: HDD is good value based on its PB Ratio (0.6x) compared to the DE Machinery industry average (1.1x).
Next Steps
Future Growth
How is Heidelberger Druckmaschinen forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
140.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HDD's forecast earnings growth (140.7% per year) is above the savings rate (-0.4%).
Earnings vs Market: HDD's earnings (140.7% per year) are forecast to grow faster than the German market (14.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: HDD's revenue (1.1% per year) is forecast to grow slower than the German market (4% per year).
High Growth Revenue: HDD's revenue (1.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HDD's Return on Equity is forecast to be low in 3 years time (8.2%).
Next Steps
Past Performance
How has Heidelberger Druckmaschinen performed over the past 5 years?
41.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HDD has a large one-off loss of €25.6M impacting its December 31 2019 financial results.
Growing Profit Margin: HDD's current net profit margins (0.5%) are lower than last year (0.9%).
Past Earnings Growth Analysis
Earnings Trend: HDD has become profitable over the past 5 years, growing earnings by 41.6% per year.
Accelerating Growth: HDD's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: HDD had negative earnings growth (-40.3%) over the past year, making it difficult to compare to the Machinery industry average (-19.9%).
Return on Equity
High ROE: HDD's Return on Equity (3.9%) is considered low.
Next Steps
Financial Health
How is Heidelberger Druckmaschinen's financial position?
Financial Position Analysis
Short Term Liabilities: HDD's short term assets (€1.4B) exceed its short term liabilities (€916.0M).
Long Term Liabilities: HDD's short term assets (€1.4B) exceed its long term liabilities (€1.2B).
Debt to Equity History and Analysis
Debt Level: HDD's debt to equity ratio (163.8%) is considered high.
Reducing Debt: HDD's debt to equity ratio has reduced from 230.2% to 163.8% over the past 5 years.
Balance Sheet
Inventory Level: HDD has a high level of physical assets or inventory.
Debt Coverage by Assets: HDD's debt is covered by short term assets (assets are 2.6x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: HDD is profitable, therefore cash runway is not a concern.
Forecast Cash Runway: HDD is profitable, therefore cash runway is not a concern.
Next Steps
Dividend
What is Heidelberger Druckmaschinen's current dividend yield, its reliability and sustainability?
0.29%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate HDD's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate HDD'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 HDD's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if HDD's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: HDD is not paying a notable dividend for the German market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of HDD'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?
3.4yrs
Average management tenure
CEO
Rainer Hundsdörfer (62yo)
3.42s
Tenure
€1,970,000
Compensation
Mr. Rainer Hundsdörfer has been the Chief Executive Officer and Chairman of The Board of Management at Heidelberger Druckmaschinen AG since November 14, 2016 and has been its Chief Human Resources Officer ...
CEO Compensation Analysis
Compensation vs Market: Rainer's total compensation ($USD2.15M) is above average for companies of similar size in the German market ($USD730.07K).
Compensation vs Earnings: Rainer's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of Management Board | 3.42yrs | €1.97m | no data | |
| CFO & Financial Services and Member of Management Board | 0.58yr | no data | no data | |
| Head of Investor Relations & Group Communications | 9.25yrs | no data | no data | |
| Head of Print Media Relations | no data | no data | no data | |
| Head of Research & Development | no data | no data | no data | |
| Head of Application Development | no data | no data | no data | |
| Head of Advertising & Sales Media -Audi Ag | no data | no data | no data |
3.4yrs
Average Tenure
62yo
Average Age
Experienced Management: HDD's management team is considered experienced (3.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Employee Representative Member of the Supervisory Board | 14.67yrs | €53.50k | no data | |
| Employee Representative Member of the Supervisory Board | 14yrs | €49.50k | no data | |
| Independent Member of Supervisory Board | 5.17yrs | €53.50k | no data | |
| Independent Member of Supervisory Board | 2.92yrs | €47.50k | no data | |
| Independent Member of Supervisory Board | 4.08yrs | €47.50k | no data | |
| Independent Chairman of the Supervisory Board | 0.33yr | no data | no data | |
| Employee Representative Deputy Chairman of the Supervisory Board | 1.75yrs | €80.50k | no data | |
| Employee Representative Member of Supervisory Board | 1.75yrs | €32.00k | no data | |
| Employee Representative Member of Supervisory Board | 1.75yrs | €32.50k | no data | |
| Employee Representative Member of Supervisory Board | 1.75yrs | €35.50k | no data |
2.3yrs
Average Tenure
53yo
Average Age
Experienced Board: HDD's board of directors are not considered experienced ( 2.3 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: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 60.7%.
Top Shareholders
Company Information
Heidelberger Druckmaschinen Aktiengesellschaft's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Heidelberger Druckmaschinen Aktiengesellschaft
- Ticker: HDD
- Exchange: XTRA
- Founded: 1850
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: €174.385m
- Shares outstanding: 304.34m
- Website: https://www.heidelberg.com
Number of Employees
Location
- Heidelberger Druckmaschinen Aktiengesellschaft
- Kurfürsten-Anlage 52-60
- Heidelberg
- Baden-Württemberg
- 69115
- Germany
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| HBGR.F | OTCPK (Pink Sheets LLC) | Yes | Bearer Shares | US | USD | Dec 1997 |
| HDD | DB (Deutsche Boerse AG) | Yes | Bearer Shares | DE | EUR | Dec 1997 |
| HDD | XTRA (XETRA Trading Platform) | Yes | Bearer Shares | DE | EUR | Dec 1997 |
| 0OC2 | LSE (London Stock Exchange) | Yes | Bearer Shares | GB | EUR | Dec 1997 |
| HDDD | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Bearer Shares | GB | EUR | Dec 1997 |
| HDD | SWX (SIX Swiss Exchange) | Yes | Bearer Shares | CH | CHF | Dec 1997 |
| HDD | WBAG (Wiener Boerse AG) | Yes | Bearer Shares | AT | EUR | Dec 1997 |
| HDD | ETLX (Eurotlx) | Yes | Bearer Shares | IT | EUR | Dec 1997 |
| HBGR.Y | OTCPK (Pink Sheets LLC) | UNSPONSORD ADR | US | USD | Oct 2008 |
Biography
Heidelberger Druckmaschinen Aktiengesellschaft provides products, services, consumables, and software solutions for the printing industry in Europe, the Middle East, Africa, Asia/Pacific, North America, South America, and Eastern Europe. The company operates through Heidelberg Digital Technology, Heidelberg Digital Business, and Heidelberg Financial Services segments. It offers prepress equipment, including computer-to-plate (CtP) and computer to screen equipment; press equipment, such as digital printing, sheetfed offset, inline flexo printing, narrow Web printing, and screen printing equipment; and postpress equipment comprising cutting, folding, die-cutting, hot foiling, offline inspection, folding carton gluing, and label systems, as well as used printing machines and remarketed equipment. The company also provides technical services, which include installation and relocation, maintenance and cleaning, remote support, repair, and overhauling services, as well as service parts; and performance services consisting of performance evaluation, color management, training, upgrades and retrofits, monitoring, output optimization, print shop optimization, and investment planning. In addition, it offers financial services; and consumables, such as CtP printing and analog plates, films, platemaking chemicals, proofing materials, toners, glues, staple cartridges, hole punching supplies, inks, coatings and varnishes, blankets, rollers, chemicals, pressroom supplies, cutting knives, banderoles, dispersion glues, binding glues, stitching wires and sealing threads, and folding carton gluing supplies. The company was formerly known as Schnellpressenfabrik AG Heidelberg and changed its name to Heidelberger Druckmaschinen Aktiengesellschaft in 1967. Heidelberger Druckmaschinen Aktiengesellschaft was founded in 1850 and is based in Heidelberg, Germany.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/02 01:59 |
| End of Day Share Price | 2020/04/01 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/03/31 |
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.