DB:CY1K

Stock Analysis Report

Executive Summary

SBF AG, through its subsidiary, SBF Spezialleuchten GmbH, supplies ceiling, lighting, and ventilation systems for rail vehicles.


Snowflake Analysis

Flawless balance sheet with high growth potential.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: CY1K's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-6.0%

CY1K

9.2%

DE Electrical

9.9%

DE Market


1 Year Return

123.8%

CY1K

-8.2%

DE Electrical

-17.5%

DE Market

Return vs Industry: CY1K exceeded the German Electrical industry which returned -6.8% over the past year.

Return vs Market: CY1K exceeded the German Market which returned -17.7% over the past year.


Shareholder returns

CY1KIndustryMarket
7 Day-6.0%9.2%9.9%
30 Day-19.7%-20.6%-16.6%
90 Day41.6%-35.2%-24.8%
1 Year123.8%123.8%-7.9%-8.2%-15.0%-17.5%
3 Year209.8%209.8%-41.8%-43.7%-17.4%-24.5%
5 Year-53.2%-59.0%-39.9%-44.1%-16.6%-28.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

41.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CY1K (€4.7) is trading below our estimate of fair value (€8.04)

Significantly Below Fair Value: CY1K is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CY1K is poor value based on its PE Ratio (26.5x) compared to the Electrical industry average (24x).

PE vs Market: CY1K is poor value based on its PE Ratio (26.5x) compared to the German market (16.4x).


Price to Earnings Growth Ratio

PEG Ratio: CY1K is poor value based on its PEG Ratio (1.1x)


Price to Book Ratio

PB vs Industry: CY1K is overvalued based on its PB Ratio (3.2x) compared to the DE Electrical industry average (1.5x).


Next Steps

Future Growth

How is SBF forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

24.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CY1K's forecast earnings growth (24.6% per year) is above the savings rate (-0.4%).

Earnings vs Market: CY1K's earnings (24.6% per year) are forecast to grow faster than the German market (14.3% per year).

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

Revenue vs Market: CY1K's revenue (13.9% per year) is forecast to grow faster than the German market (4.1% per year).

High Growth Revenue: CY1K's revenue (13.9% 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 (23.1%)


Next Steps

Past Performance

How has SBF performed over the past 5 years?

2.3%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: CY1K has high quality earnings.

Growing Profit Margin: CY1K's current net profit margins (9.5%) are higher than last year (7%).


Past Earnings Growth Analysis

Earnings Trend: CY1K has become profitable over the past 5 years, growing earnings by 0% per year.

Accelerating Growth: Insufficient data to compare CY1K's past year earnings growth to its 5-year average.

Earnings vs Industry: CY1K earnings growth over the past year (2.3%) underperformed the Electrical industry 17.2%.


Return on Equity

High ROE: CY1K's Return on Equity (12%) is considered low.


Next Steps

Financial Health

How is SBF's financial position?


Financial Position Analysis

Short Term Liabilities: CY1K's short term assets (€7.6M) exceed its short term liabilities (€1.2M).

Long Term Liabilities: CY1K's short term assets (€7.6M) exceed its long term liabilities (€3.0M).


Debt to Equity History and Analysis

Debt Level: CY1K's debt to equity ratio (14.9%) is considered satisfactory.

Reducing Debt: CY1K's debt to equity ratio has reduced from 89.4% to 14.9% over the past 5 years.


Balance Sheet

Inventory Level: CY1K has a high level of physical assets or inventory.

Debt Coverage by Assets: CY1K's debt is covered by short term assets (assets are 4.4x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: CY1K is profitable, therefore cash runway is not a concern.

Forecast Cash Runway: Insufficient data to determine if CY1K has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is SBF's 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 payouts.

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

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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: SBF AG
  • Ticker: CY1K
  • Exchange: DB
  • Founded:
  • Industry: Electrical Components and Equipment
  • Sector: Capital Goods
  • Market Cap: €41.963m
  • Shares outstanding: 7.84m
  • Website: https://www.sbf-ag.com

Number of Employees


Location

  • SBF AG
  • Zaucheweg 4
  • Leipzig
  • Saxony
  • 4316
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CY1KDB (Deutsche Boerse AG)YesCommon StockDEEURNov 2006

Biography

SBF AG, through its subsidiary, SBF Spezialleuchten GmbH, supplies ceiling, lighting, and ventilation systems for rail vehicles. The company designs, produces, and sells LED systems for the exterior and interior use of various rail vehicles. It offers front and step lighting in the exterior light strips in ceiling systems; and reading lights in the interior. The company is based in Leipzig, Germany. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/30 21:22
End of Day Share Price2020/03/30 00:00
Earnings2018/12/31
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.