SBF (DB:CY1K) - Share price, News & Analysis

CY1K fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	5/6
Past Performance	2/6
Financial Health	5/6
Dividends	0/6

CY1K Stock Overview

SBF AG, through its subsidiary, SBF Spezialleuchten GmbH, engages in the development, manufacture, and distribution of ceiling and lighting systems for indoor and outdoor rail vehicles.

Rewards

Earnings are forecast to grow 43.7% per year

Risk Analysis

Profit margins (6.8%) are lower than last year (19.9%)

Shareholders have been diluted in the past year

Price History & Performance

Summary of all time highs, changes and price drops for SBF
Historical stock prices
Current Share Price	€10.70
52 Week High	€11.70
52 Week Low	€8.05
Beta	0.88
1 Month Change	8.08%
3 Month Change	-0.93%
1 Year Change	7.00%
3 Year Change	791.67%
5 Year Change	749.21%
Change since IPO	-83.54%

Recent News & Updates

Dec 29

Does SBF (FRA:CY1K) Have A Healthy Balance Sheet?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Sep 04

What Does SBF AG's (FRA:CY1K) Share Price Indicate?

While SBF AG ( FRA:CY1K ) might not be the most widely known stock at the moment, it saw a significant share price rise...

Shareholder Returns

	CY1K	DE Electrical	DE Market
7D	-5.3%	-1.7%	-0.6%
1Y	7.0%	-22.3%	12.1%

Return vs Industry: CY1K exceeded the German Electrical industry which returned -22.3% over the past year.

Return vs Market: CY1K underperformed the German Market which returned 12.1% over the past year.

Price Volatility

Is CY1K's price volatile compared to industry and market?
CY1K volatility
CY1K Average Weekly Movement	4.5%
Electrical Industry Average Movement	5.9%
Market Average Movement	5.0%
10% most volatile stocks in DE Market	9.8%
10% least volatile stocks in DE Market	2.6%

Stable Share Price: CY1K is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: CY1K's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1862	219	n/a	https://www.sbf-ag.com

SBF AG, through its subsidiary, SBF Spezialleuchten GmbH, engages in the development, manufacture, and distribution of ceiling and lighting systems for indoor and outdoor rail vehicles. It primarily serves rail vehicle manufacturers. The company was founded in 1862 and is headquartered in Leipzig, Germany.

SBF Fundamentals Summary

How do SBF's earnings and revenue compare to its market cap?
CY1K fundamental statistics
Market Cap	€94.42m
Earnings (TTM)	€1.81m
Revenue (TTM)	€26.75m

52.2x

P/E Ratio

3.5x

P/S Ratio

Is CY1K overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
CY1K income statement (TTM)
Revenue	€26.75m
Cost of Revenue	€11.74m
Gross Profit	€15.00m
Expenses	€13.19m
Earnings	€1.81m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	0.20
Gross Margin	56.09%
Net Profit Margin	6.76%
Debt/Equity Ratio	34.2%

How did CY1K perform over the long term?

See historical performance and comparison

Valuation

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

52.22x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: CY1K (€10.7) is trading above our estimate of fair value (€10.1)

Significantly Below Fair Value: CY1K is trading above our estimate of fair value.

Price To Earnings Ratio

PE vs Industry: CY1K's PE Ratio (52.2x) is in line with the German Electrical industry average.

PE vs Market: CY1K is poor value based on its PE Ratio (52.2x) compared to the German market (21.4x).

Price to Earnings Growth Ratio

PEG Ratio: CY1K is poor value based on its PEG Ratio (1.2x)

Price to Book Ratio

PB vs Industry: CY1K's PB Ratio (3.6x) is in line with the DE Electrical industry average.

Future Growth

How is SBF forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

43.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CY1K's forecast earnings growth (43.7% per year) is above the savings rate (-0.01%).

Earnings vs Market: CY1K's earnings (43.7% per year) are forecast to grow faster than the German market (10.4% per year).

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

Revenue vs Market: CY1K's revenue (17.3% per year) is forecast to grow faster than the German market (5.6% per year).

High Growth Revenue: CY1K's revenue (17.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: CY1K's Return on Equity is forecast to be high in 3 years time (20.4%)

Past Performance

How has SBF performed over the past 5 years?

47.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CY1K has high quality earnings.

Growing Profit Margin: CY1K's current net profit margins (6.8%) are lower than last year (19.9%).

Past Earnings Growth Analysis

Earnings Trend: CY1K has become profitable over the past 5 years, growing earnings by 47.6% per year.

Accelerating Growth: CY1K's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CY1K had negative earnings growth (-51.9%) over the past year, making it difficult to compare to the Electrical industry average (-16%).

Return on Equity

High ROE: CY1K's Return on Equity (7%) is considered low.

Financial Health

How is SBF's financial position?

Financial Position Analysis

Short Term Liabilities: CY1K's short term assets (€28.3M) exceed its short term liabilities (€4.1M).

Long Term Liabilities: CY1K's short term assets (€28.3M) exceed its long term liabilities (€10.7M).

Debt to Equity History and Analysis

Debt Level: CY1K has more cash than its total debt.

Reducing Debt: CY1K's debt to equity ratio has reduced from 49% to 34.2% over the past 5 years.

Debt Coverage: CY1K's debt is not well covered by operating cash flow (0.2%).

Interest Coverage: CY1K's interest payments on its debt are well covered by EBIT (12.9x coverage).

Balance Sheet

Dividend

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

Dividend Yield vs Market

Notable Dividend: Unable to evaluate CY1K's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate CY1K's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if CY1K's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CY1K's dividend payments have been increasing.

Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CY1K's dividend in 3 years as they are not forecast to pay a notable one for the German market.

Next Steps

Explore strong dividend paying companies in the Capital Goods industry.

Management

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

CEO

SBF has no CEO, or we have no data on them.

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 diluted in the past year, with total shares outstanding growing by 12.5%.

Data	Last Updated (UTC time)
Company Analysis	2022/01/17 18:47
End of Day Share Price	2022/01/14 00:00
Earnings	2021/06/30
Annual Earnings	2020/12/31