Vossloh (XTRA:VOS) - Share price, News & Analysis

VOS fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	3/6
Past Performance	1/6
Financial Health	5/6
Dividends	2/6

VOS Stock Overview

Vossloh AG manufactures and markets rail infrastructure products and services worldwide.

Rewards

Trading at 60.1% below our estimate of its fair value

Earnings are forecast to grow 22.58% per year

Risk Analysis

Dividend of 3.11% is not well covered by earnings

Profit margins (2.3%) are lower than last year (3.3%)

Vossloh Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Vossloh
Historical stock prices
Current Share Price	€32.15
52 Week High	€49.45
52 Week Low	€31.60
Beta	0.88
1 Month Change	-4.17%
3 Month Change	-18.40%
1 Year Change	-24.00%
3 Year Change	-1.68%
5 Year Change	-43.77%
Change since IPO	190.29%

Recent News & Updates

Mar 21

Vossloh AG Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Vossloh AG ( ETR:VOS ) last week reported its latest yearly results, which makes it a good time for investors to dive...

Feb 22

Returns At Vossloh (ETR:VOS) Are On The Way Up

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Typically, we'll want to...

Shareholder Returns

	VOS	DE Machinery	DE Market
7D	-1.8%	-2.4%	-1.4%
1Y	-24.0%	-31.1%	-20.7%

Return vs Industry: VOS exceeded the German Machinery industry which returned -31.1% over the past year.

Return vs Market: VOS underperformed the German Market which returned -20.7% over the past year.

Price Volatility

Is VOS's price volatile compared to industry and market?
VOS volatility
VOS Average Weekly Movement	4.3%
Machinery Industry Average Movement	5.3%
Market Average Movement	5.7%
10% most volatile stocks in DE Market	10.1%
10% least volatile stocks in DE Market	2.9%

Stable Share Price: VOS is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: VOS's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1883	3,739	Oliver Schuster	https://www.vossloh.com

Vossloh AG manufactures and markets rail infrastructure products and services worldwide. It operates through three divisions: Core Components, Customized Modules, and Lifecycle Solutions. The Core Components division develops, produces, and markets rail fastening systems for light-rail, heavy-haul, and high-speed lines, as well as urban transport.

Vossloh Fundamentals Summary

How do Vossloh's earnings and revenue compare to its market cap?
VOS fundamental statistics
Market Cap	€564.69m
Earnings (TTM)	€21.90m
Revenue (TTM)	€957.90m

25.8x

P/E Ratio

0.6x

P/S Ratio

Is VOS overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
VOS income statement (TTM)
Revenue	€957.90m
Cost of Revenue	€746.40m
Gross Profit	€211.50m
Other Expenses	€189.60m
Earnings	€21.90m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 03, 2022

Earnings per share (EPS)	1.25
Gross Margin	22.08%
Net Profit Margin	2.29%
Debt/Equity Ratio	52.1%

How did VOS perform over the long term?

See historical performance and comparison

Dividends

3.1%

Current Dividend Yield

164%

Payout Ratio

We’ve recently updated our valuation analysis.

Valuation

Is VOS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for VOS?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for VOS. This is calculated by dividing VOS's market cap by their current preferred multiple.
What is VOS's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	€564.69m

VOS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	0.8x
Enterprise Value/EBITDA	8.4x
PEG Ratio	1.1x

Price to Earnings Ratio vs Peers

How does VOS's PE Ratio compare to its peers?

VOS PE Ratio vs Peers

The above table shows the PE ratio for VOS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	10.5x

Forward PE

Price-To-Earnings vs Peers: VOS is expensive based on its Price-To-Earnings Ratio (25.8x) compared to the peer average (10.5x).

Price to Earnings Ratio vs Industry

How does VOS's PE Ratio compare vs other companies in the German Machinery Industry?

Price-To-Earnings vs Industry: VOS is expensive based on its Price-To-Earnings Ratio (25.8x) compared to the German Machinery industry average (16.3x)

Price to Earnings Ratio vs Fair Ratio

What is VOS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

VOS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	25.8x
Fair PE Ratio	22.3x

Price-To-Earnings vs Fair Ratio: VOS is expensive based on its Price-To-Earnings Ratio (25.8x) compared to the estimated Fair Price-To-Earnings Ratio (22.3x).

Share Price vs Fair Value

What is the Fair Price of VOS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: VOS (€32.15) is trading below our estimate of fair value (€80.56)

Significantly Below Fair Value: VOS is trading below fair value by more than 20%.

Price to Earnings Growth Ratio

PEG Ratio: VOS is poor value based on its PEG Ratio (1.1x)

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Future Growth

How is Vossloh forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

22.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: VOS's forecast earnings growth (22.6% per year) is above the savings rate (-0.05%).

Earnings vs Market: VOS's earnings (22.6% per year) are forecast to grow faster than the German market (8.4% per year).

High Growth Earnings: VOS's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: VOS's revenue (4.3% per year) is forecast to grow slower than the German market (4.7% per year).

High Growth Revenue: VOS's revenue (4.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: VOS's Return on Equity is forecast to be low in 3 years time (8.1%).

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Past Performance

How has Vossloh performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-4.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: VOS has high quality earnings.

Growing Profit Margin: VOS's current net profit margins (2.3%) are lower than last year (3.3%).

Past Earnings Growth Analysis

Earnings Trend: VOS's earnings have declined by 4% per year over the past 5 years.

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

Earnings vs Industry: VOS had negative earnings growth (-26.3%) over the past year, making it difficult to compare to the Machinery industry average (78.5%).

Return on Equity

High ROE: VOS's Return on Equity (5.6%) is considered low.

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Financial Health

How is Vossloh's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: VOS's short term assets (€580.1M) exceed its short term liabilities (€428.7M).

Long Term Liabilities: VOS's short term assets (€580.1M) exceed its long term liabilities (€299.5M).

Debt to Equity History and Analysis

Debt Level: VOS's net debt to equity ratio (35.3%) is considered satisfactory.

Reducing Debt: VOS's debt to equity ratio has increased from 42.7% to 52.1% over the past 5 years.

Debt Coverage: VOS's debt is well covered by operating cash flow (26.1%).

Interest Coverage: VOS's interest payments on its debt are well covered by EBIT (9.9x coverage).

Balance Sheet

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Dividend

What is Vossloh current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

3.11%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: VOS's dividend (3.11%) is higher than the bottom 25% of dividend payers in the German market (1.46%).

High Dividend: VOS's dividend (3.11%) is low compared to the top 25% of dividend payers in the German market (4.51%).

Stability and Growth of Payments

Stable Dividend: VOS's dividend payments have been volatile in the past 10 years.

Growing Dividend: VOS's dividend payments have fallen over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (164.4%), VOS's dividend payments are not well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (59.3%), VOS's dividend payments are covered by cash flows.

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Management

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

1.6yrs

Average management tenure

CEO

Oliver Schuster (57 yo)

8.25yrs

Tenure

€2,283,602

Compensation

Mr. Oliver Schuster has been Member of Executive Board at Vossloh AG since March 01, 2014 and served as its Chief Financial Officer since March 01, 2014. Mr. Schuster serves as Chairman of the Executive Bo...

CEO Compensation Analysis

Compensation vs Market: Oliver's total compensation ($USD2.41M) is above average for companies of similar size in the German market ($USD910.91K).

Compensation vs Earnings: Oliver's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: VOS's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.

Board Members

Experienced Board: VOS's board of directors are not considered experienced ( 2.2 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 not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/06/21 00:00
End of Day Share Price	2022/06/21 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31