DB:AAG

Stock Analysis Report

Executive Summary

Aumann AG manufactures and sells specialized machines and production lines for components of electric and classic drive chain systems in the United States, Canada, Mexico, Europe, China, and internationally.

Snowflake

Fundamentals

Excellent balance sheet and fair value.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

1.8%

AAG

1.1%

DE Machinery

1.7%

DE Market


1 Year Return

-70.0%

AAG

-12.6%

DE Machinery

7.2%

DE Market

Return vs Industry: AAG underperformed the German Machinery industry which returned -12.6% over the past year.

Return vs Market: AAG underperformed the German Market which returned 7.2% over the past year.


Shareholder returns

AAGIndustryMarket
7 Day1.8%1.1%1.7%
30 Day-11.0%-3.8%2.4%
90 Day-20.8%-4.6%2.3%
1 Year-69.7%-70.0%-9.8%-12.6%10.6%7.2%
3 Yearn/a-16.0%-22.1%18.4%8.1%
5 Yearn/a19.9%5.8%42.3%22.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

11.95x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: AAG (€12.64) is trading above our estimate of fair value (€11.64)

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


Price To Earnings Ratio

PE vs Industry: AAG is good value based on its PE Ratio (12x) compared to the Machinery industry average (13.5x).

PE vs Market: AAG is good value based on its PE Ratio (12x) compared to the German market (19x).


Price to Earnings Growth Ratio

PEG Ratio: AAG is poor value based on its PEG Ratio (4.1x)


Price to Book Ratio

PB vs Industry: AAG is good value based on its PB Ratio (1x) compared to the DE Machinery industry average (1.4x).


Next Steps

Future Growth

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

2.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AAG's forecast earnings growth (2.9% per year) is above the savings rate (0.2%).

Earnings vs Market: AAG's earnings (2.9% per year) are forecast to grow slower than the German market (12.7% per year).

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

Revenue vs Market: AAG's revenue (2.6% per year) is forecast to grow slower than the German market (5% per year).

High Growth Revenue: AAG's revenue (2.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AAG's Return on Equity is forecast to be low in 3 years time (9%).


Next Steps

Past Performance

How has Aumann performed over the past 5 years?

18.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: AAG's earnings have grown by 18.5% per year over the past 5 years.

Accelerating Growth: AAG's earnings growth over the past year (11.8%) is below its 5-year average (18.5% per year).

Earnings vs Industry: AAG earnings growth over the past year (11.8%) exceeded the Machinery industry -11.2%.


Return on Equity

High ROE: AAG's Return on Equity (8%) is considered low.


Return on Assets

ROA vs Industry: AAG has a higher Return on Assets than the Machinery industry average last year.


Return on Capital Employed

ROCE Improving: AAG's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Aumann's financial position?


Financial Position Analysis

Short Term Liabilities: AAG's short term assets (€222.4M) exceeds its short term liabilities (€68.6M)

Long Term Liabilities: AAG's short term assets (222.4M) exceeds its long term liabilities (46.6M)


Debt to Equity History and Analysis

Debt Level: AAG's debt to equity ratio (11.4%) is considered satisfactory

Reducing Debt: AAG's debt to equity ratio has reduced from 29% to 11.4% over the past 5 years.

Debt Coverage: AAG's debt is not well covered by operating cash flow (7.9%).

Interest Coverage: AAG's interest payments on its debt are well covered by EBIT (44.1x coverage).


Balance Sheet

Inventory Level: AAG has a low level of unsold assets or inventory.

Debt Coverage by Assets: AAG's debt is covered by short term assets (assets are 9.643780x debt).


Next Steps

Dividend

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

1.58%

Current Dividend Yield


Dividend Yield vs Market

company1.6%marketbottom25%1.5%markettop25%3.8%industryaverage2.4%forecastin3Years2.0%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: AAG's dividend (1.58%) is higher than the bottom 25% of dividend payers in the German market (1.48%).

High Dividend: AAG's dividend (1.58%) is low compared to the top 25% of dividend payers in the German market (3.83%).

Stable Dividend: Too early to tell whether AAG's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if AAG's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (18.9%), AAG's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: AAG's dividends in 3 years are forecast to be well covered by earnings (28.2% payout ratio).


Next Steps

Management

What is the CEO of Aumann's salary, the management and board of directors tenure and is there insider trading?

€497k

CEO Compensation


CEO

Rolf Beckhoff (50yo)

1.3yrs

Tenure

€496,600

Compensation

Mr. Rolf Beckhoff has been the Chief Executive Officer at Aumann AG since June 6, 2018 and also has been its Member of the Management Board since November 10, 2016. Mr. Beckhoff serves as Managing Director ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Rolf's total compensation is reasonable compared to companies of similar size in the German market.

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


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Rolf Beckhoff (50yo)

    CEO & Member of the Management Board

    • Tenure: 1.3yrs
    • Compensation: €496.60k
  • Sebastian Roll (40yo)

    CFO & Member of the Management Board

    • Tenure: 0yrs
    • Compensation: €445.90k

Board Members

  • Christof Nesemeier (54yo)

    Member of Supervisory Board

    • Tenure: 1.3yrs
    • Compensation: €8.80k
  • Gert-Maria Freimuth (54yo)

    Chairman of the Supervisory Board

    • Tenure: 0yrs
    • Compensation: €22.50k
  • Christoph Weigler (35yo)

    Deputy Chairman of the Supervisory Board

    • Tenure: 0yrs
    • Compensation: €20.00k

Company Information

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


Key Information

  • Name: Aumann AG
  • Ticker: AAG
  • Exchange: DB
  • Founded: 1936
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: €192.455m
  • Shares outstanding: 15.25m
  • Website: https://www.aumann.com

Number of Employees


Location

  • Aumann AG
  • Dieselstrasse 6
  • Beelen
  • North Rhine-Westphalia
  • 48361
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AAGDB (Deutsche Boerse AG)YesOrdinary Bearer SharesDEEURMar 2017
0RO8LSE (London Stock Exchange)YesOrdinary Bearer SharesGBEURMar 2017
AAGXTRA (XETRA Trading Platform)YesOrdinary Bearer SharesDEEURMar 2017
AAGDBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary Bearer SharesGBEURMar 2017
AUMASWX (SIX Swiss Exchange)YesOrdinary Bearer SharesCHCHFMar 2017
AUUM.FOTCPK (Pink Sheets LLC)YesOrdinary Bearer SharesUSUSDMar 2017

Biography

Aumann AG manufactures and sells specialized machines and production lines for components of electric and classic drive chain systems in the United States, Canada, Mexico, Europe, China, and internationall ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 21:48
End of Day Share Price2019/10/22 00:00
Earnings2019/06/30
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.