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WSU

WashTec XTRA:WSU Stock Report

Last Price

€32.40

Market Cap

€433.6m

7D

-7.4%

1Y

-40.3%

Updated

02 Oct, 2022

Data

Company Financials +
WSU fundamental analysis
Snowflake Score
Valuation5/6
Future Growth4/6
Past Performance4/6
Financial Health3/6
Dividends3/6

WSU Stock Overview

WashTec AG provides solutions for car wash in Europe, North America, and the Asia Pacific.

WashTec Competitors

Price History & Performance

Summary of all time highs, changes and price drops for WashTec
Historical stock prices
Current Share Price€32.40
52 Week High€58.30
52 Week Low€31.55
Beta0.77
1 Month Change-19.00%
3 Month Change-26.61%
1 Year Change-40.33%
3 Year Change-32.64%
5 Year Change-57.02%
Change since IPO167.05%

Recent News & Updates

Shareholder Returns

WSUDE MachineryDE Market
7D-7.4%0.3%-1.2%
1Y-40.3%-38.5%-28.1%

Return vs Industry: WSU underperformed the German Machinery industry which returned -38.5% over the past year.

Return vs Market: WSU underperformed the German Market which returned -28.1% over the past year.

Price Volatility

Is WSU's price volatile compared to industry and market?
WSU volatility
WSU Average Weekly Movement3.3%
Machinery Industry Average Movement5.4%
Market Average Movement5.7%
10% most volatile stocks in DE Market9.8%
10% least volatile stocks in DE Market2.9%

Stable Share Price: WSU is less volatile than 75% of German stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: WSU's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18851,799Ralf Koeppehttps://www.washtec.de

WashTec AG provides solutions for car wash in Europe, North America, and the Asia Pacific. The company offers various roll-over, self-service, and commercial vehicle wash equipment, as well as associated peripheral devices. It also provides wash tunnel systems; water reclaim systems; equipment maintenance; service projects and upgrades; spare parts; and digital solutions, as well as car wash chemicals under the Auwa brand.

WashTec Fundamentals Summary

How do WashTec's earnings and revenue compare to its market cap?
WSU fundamental statistics
Market Cap€433.59m
Earnings (TTM)€27.17m
Revenue (TTM)€455.45m

16.0x

P/E Ratio

1.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
WSU income statement (TTM)
Revenue€455.45m
Cost of Revenue€330.30m
Gross Profit€125.16m
Other Expenses€97.98m
Earnings€27.17m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Oct 27, 2022

Earnings per share (EPS)2.03
Gross Margin27.48%
Net Profit Margin5.97%
Debt/Equity Ratio77.3%

How did WSU perform over the long term?

See historical performance and comparison

Dividends

9.0%

Current Dividend Yield

103%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

WSU 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/Revenue1.1x
Enterprise Value/EBITDA12.6x
PEG Ratio0.9x

Price to Earnings Ratio vs Peers

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

WSU PE Ratio vs Peers
The above table shows the PE ratio for WSU vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average24.4x
NOEJ NORMA Group
10.6x24.7%€440.7m
KSB KSB SE KGaA
5.8x11.7%€560.2m
HDD Heidelberger Druckmaschinen
6.8x1.5%€354.6m
SLT Schaltbau Holding
74.3x38.4%€633.5m
WSU WashTec
16x17.0%€433.6m

Price-To-Earnings vs Peers: WSU is good value based on its Price-To-Earnings Ratio (16x) compared to the peer average (24.4x).


Price to Earnings Ratio vs Industry

How does WSU's PE Ratio compare vs other companies in the DE Machinery Industry?

Price-To-Earnings vs Industry: WSU is expensive based on its Price-To-Earnings Ratio (16x) compared to the German Machinery industry average (13x)


Price to Earnings Ratio vs Fair Ratio

What is WSU'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.

WSU PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16x
Fair PE Ratio19.3x

Price-To-Earnings vs Fair Ratio: WSU is good value based on its Price-To-Earnings Ratio (16x) compared to the estimated Fair Price-To-Earnings Ratio (19.3x).


Share Price vs Fair Value

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

Below Fair Value: WSU (€32.4) is trading below our estimate of fair value (€99.36)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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Future Growth

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

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


17.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: WSU's forecast earnings growth (17% per year) is above the savings rate (-0.01%).

Earnings vs Market: WSU's earnings (17% per year) are forecast to grow faster than the German market (9.9% per year).

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

Revenue vs Market: WSU's revenue (4.7% per year) is forecast to grow faster than the German market (3.8% per year).

High Growth Revenue: WSU's revenue (4.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: WSU's Return on Equity is forecast to be high in 3 years time (38.1%)


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Past Performance

How has WashTec performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-9.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: WSU has high quality earnings.

Growing Profit Margin: WSU's current net profit margins (6%) are higher than last year (5.8%).


Past Earnings Growth Analysis

Earnings Trend: WSU's earnings have declined by 9.6% per year over the past 5 years.

Accelerating Growth: WSU's earnings growth over the past year (17.5%) exceeds its 5-year average (-9.6% per year).

Earnings vs Industry: WSU earnings growth over the past year (17.5%) underperformed the Machinery industry 49.9%.


Return on Equity

High ROE: WSU's Return on Equity (38.7%) is considered high.


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Financial Health

How is WashTec's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: WSU's short term assets (€184.4M) do not cover its short term liabilities (€186.9M).

Long Term Liabilities: WSU's short term assets (€184.4M) exceed its long term liabilities (€27.5M).


Debt to Equity History and Analysis

Debt Level: WSU's net debt to equity ratio (58%) is considered high.

Reducing Debt: WSU's debt to equity ratio has increased from 48.4% to 77.3% over the past 5 years.

Debt Coverage: WSU's debt is well covered by operating cash flow (48.4%).

Interest Coverage: WSU's interest payments on its debt are well covered by EBIT (38x coverage).


Balance Sheet


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Dividend

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

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


8.95%

Current Dividend Yield

Dividend Yield vs Market

WashTec Dividend Yield vs Market
How does WashTec dividend yield compare to the market?
SegmentDividend Yield
Company (WashTec)9.0%
Market Bottom 25% (DE)1.7%
Market Top 25% (DE)5.7%
Industry Average (Machinery)3.2%
Analyst forecast in 3 Years (WashTec)7.0%

Notable Dividend: WSU's dividend (8.95%) is higher than the bottom 25% of dividend payers in the German market (1.65%).

High Dividend: WSU's dividend (8.95%) is in the top 25% of dividend payers in the German market (5.72%)


Stability and Growth of Payments

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

Growing Dividend: WSU's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (103.4%), WSU's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (184.7%), WSU's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

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

8.3yrs

Average board tenure


CEO

Ralf Koeppe (57 yo)

3.25yrs

Tenure

€545,972

Compensation

Dr. Ralf Koeppe has been Chairman of Management Board and Chief Executive Officer at WashTec AG since January 1, 2020. He served as Chief Financial Officer at WashTec AG from June 1, 2020 to July 31, 2020....


CEO Compensation Analysis

Ralf Koeppe's Compensation vs WashTec Earnings
How has Ralf Koeppe's remuneration changed compared to WashTec's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

€27m

Mar 31 2022n/an/a

€31m

Dec 31 2021€546k€290k

€31m

Sep 30 2021n/an/a

€29m

Jun 30 2021n/an/a

€23m

Mar 31 2021n/an/a

€16m

Dec 31 2020€409kn/a

€13m

Compensation vs Market: Ralf's total compensation ($USD535.37K) is below average for companies of similar size in the German market ($USD1.23M).

Compensation vs Earnings: Ralf's compensation has increased by more than 20% in the past year.


Board Members

Experienced Board: WSU's board of directors are considered experienced (8.3 years average tenure).


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

What is the ownership structure of WSU?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders361,3722.7%
Private Companies1,254,1939.4%
General Public3,480,37726.0%
Institutions8,286,38261.9%

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


Top Shareholders

Top 25 shareholders own 72.46% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
15.79%
Alantra Eqmc Asset Management, Sgiic, S.A
2,113,493€68.5m0%10.48%
10.03%
Kempen Capital Management N.V.
1,341,789€43.5m0%0.87%
5.78%
Union Asset Management Holding AG
772,926€25.0m0%0.03%
5.67%
Investmentaktiengesellschaft FÜR Langfristige Investoren Tgv
758,949€24.6m0%1.5%
5.21%
Axxion S.A.
697,451€22.6m0%9.45%
5.19%
LEIFINA GmbH & Co. KG
695,114€22.5m0%no data
4.18%
Diversity Industrie Holding AG
559,079€18.1m0%no data
3.11%
Wellington Management Group LLP
416,290€13.5m0%no data
2.66%
The Vanguard Group, Inc.
355,457€11.5m3.6%no data
2.26%
Lazard Frères Gestion SAS
302,040€9.8m0%0.16%
2.13%
Columbia Management Investment Advisers, LLC
285,285€9.2m-1.05%no data
1.93%
Kurt Schwarz
258,115€8.4m0%no data
1.84%
Allianz Asset Management AG
246,629€8.0m0%0.01%
1.83%
Norges Bank Investment Management
244,560€7.9m0%no data
1.41%
Dimensional Fund Advisors LP
188,870€6.1m1.05%no data
0.96%
Lupus Alpha Asset Management GmbH
128,000€4.1m-7.25%0.41%
0.47%
KBC Asset Management NV
62,944€2.0m0%0.01%
0.39%
Günter Blaschke
52,060€1.7m0%no data
0.3%
GS&P Kapitalanlagegesellschaft S.A.
40,000€1.3m0%0.28%
0.29%
Metzler Investment GmbH
39,000€1.3m-56.18%0.07%
0.28%
BNPP Asset Management Holding
37,019€1.2m0%no data
0.23%
Ulrich Bellgardt
31,000€1.0m0%no data
0.19%
Mainfirst Affiliated Fund Managers (Deutschland) Gmbh
25,684€832.2k4.71%0.58%
0.17%
Avesco Financial Services AG
22,885€741.5k7.42%1.75%
0.16%
Covéa Finance
21,907€709.8k0%0.02%

Company Information

WashTec AG's employee growth, exchange listings and data sources


Key Information

  • Name: WashTec AG
  • Ticker: WSU
  • Exchange: XTRA
  • Founded: 1885
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Implied Market Cap: €433.587m
  • Shares outstanding: 13.38m
  • Website: https://www.washtec.de

Number of Employees


Location

  • WashTec AG
  • Argonstrasse 7
  • Augsburg
  • Bavaria
  • 86153
  • Germany


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
WSUDB (Deutsche Boerse AG)YesBearer SharesDEEURNov 1997
WSUXTRA (XETRA Trading Platform)YesBearer SharesDEEURNov 1997
0GJKLSE (London Stock Exchange)YesBearer SharesGBEURNov 1997
WHTA.FOTCPK (Pink Sheets LLC)YesBearer SharesUSUSDNov 1997
WSUWBAG (Wiener Boerse AG)YesBearer SharesATEURNov 1997
WSUdBATS-CHIXE (BATS 'Chi-X Europe')YesBearer SharesGBEURNov 1997
WSU NBMV (Bolsa Mexicana de Valores)YesBearer SharesMXMXNNov 1997

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/02 00:00
End of Day Share Price2022/09/30 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.