XTRA:WSU

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Market Cap

€765.5m

Last Updated

2021/08/02 22:49 UTC

Data Sources

Company Financials +

Executive Summary

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


Snowflake Analysis

Solid track record with adequate balance sheet and pays a dividend.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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

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


Market Performance


7 Day Return

5.7%

WSU

0.8%

DE Machinery

0.8%

DE Market


1 Year Return

67.3%

WSU

34.0%

DE Machinery

27.4%

DE Market

Return vs Industry: WSU exceeded the German Machinery industry which returned 34.9% over the past year.

Return vs Market: WSU exceeded the German Market which returned 29.3% over the past year.


Shareholder returns

WSUIndustryMarket
7 Day5.7%0.8%0.8%
30 Day7.5%2.1%0.3%
90 Day2.1%7.1%3.5%
1 Year74.4%67.3%36.9%34.0%31.5%27.4%
3 Year-17.6%-23.8%4.1%-1.7%29.5%18.7%
5 Year70.1%47.8%14.2%3.3%50.9%30.0%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

13.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: WSU (€57.2) is trading below our estimate of fair value (€66.21)

Significantly Below Fair Value: WSU is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: WSU is good value based on its PE Ratio (33.1x) compared to the German Machinery industry average (33.3x).

PE vs Market: WSU is poor value based on its PE Ratio (33.1x) compared to the German market (25.2x).


Price to Earnings Growth Ratio

PEG Ratio: WSU is poor value based on its PEG Ratio (2.1x)


Price to Book Ratio

PB vs Industry: WSU is overvalued based on its PB Ratio (9.8x) compared to the DE Machinery industry average (2.1x).


Future Growth

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

15.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: WSU's forecast earnings growth (15.7% per year) is above the savings rate (0.01%).

Earnings vs Market: WSU's earnings (15.7% per year) are forecast to grow faster than the German market (12.9% per year).

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

Revenue vs Market: WSU's revenue (4.6% per year) is forecast to grow slower than the German market (5.9% per year).

High Growth Revenue: WSU's revenue (4.6% 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 (33.3%)


Past Performance

How has WashTec performed over the past 5 years?

-12.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: WSU has high quality earnings.

Growing Profit Margin: WSU's current net profit margins (5.8%) are higher than last year (4.9%).


Past Earnings Growth Analysis

Earnings Trend: WSU's earnings have declined by 12.8% per year over the past 5 years.

Accelerating Growth: WSU's earnings growth over the past year (15.5%) exceeds its 5-year average (-12.8% per year).

Earnings vs Industry: WSU earnings growth over the past year (15.5%) exceeded the Machinery industry -21.8%.


Return on Equity

High ROE: WSU's Return on Equity (29.6%) is considered high.


Financial Health

How is WashTec's financial position?


Financial Position Analysis

Short Term Liabilities: WSU's short term assets (€155.3M) exceed its short term liabilities (€151.6M).

Long Term Liabilities: WSU's short term assets (€155.3M) exceed its long term liabilities (€30.0M).


Debt to Equity History and Analysis

Debt Level: WSU's debt to equity ratio (42.1%) is considered high.

Reducing Debt: WSU's debt to equity ratio has increased from 24.1% to 42.1% over the past 5 years.

Debt Coverage: WSU's debt is well covered by operating cash flow (152.8%).

Interest Coverage: WSU's interest payments on its debt are well covered by EBIT (29.4x coverage).


Balance Sheet


Dividend

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

1.73%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: WSU's dividend (1.73%) is higher than the bottom 25% of dividend payers in the German market (0.98%).

High Dividend: WSU's dividend (1.73%) is low compared to the top 25% of dividend payers in the German market (3.25%).


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.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (57.3%), WSU's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: WSU's dividends in 3 years are forecast to be covered by earnings (83.6% payout ratio).


Next Steps

Management

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

6.8yrs

Average board tenure


CEO

Ralf Koeppe (56 yo)

no data

Tenure

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....


Board Members

Experienced Board: WSU's board of directors are considered experienced (6.8 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

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


Top Shareholders

Company Information

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


Key Information

  • Name: WashTec AG
  • Ticker: WSU
  • Exchange: XTRA
  • Founded: 1885
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: €765.469m
  • Shares outstanding: 13.38m
  • Website: https://www.washtec.de

Number of Employees


Location

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

Listings


Biography

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 p...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/08/02 22:49
End of Day Share Price2021/08/02 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.