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JOST Werke

DB:JST
Snowflake Description

Good value with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
JST
DB
€457M
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

JOST Werke AG manufactures and supplies safety-critical systems for the truck and trailer industry. The last earnings update was 29 days ago. More info.


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JST Share Price and Events
7 Day Returns
-10.4%
DB:JST
-2.1%
DE Machinery
-0.4%
DE Market
1 Year Returns
-6.6%
DB:JST
-24.1%
DE Machinery
-6.2%
DE Market
JST Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
JOST Werke (JST) -10.4% 4.3% 2.5% -6.6% - -
DE Machinery -2.1% -1.4% -0.5% -24.1% -12.6% -0.6%
DE Market -0.4% 0.7% 1.8% -6.2% 13.9% 7.5%
1 Year Return vs Industry and Market
  • JST outperformed the Machinery industry which returned -24.1% over the past year.
  • JST matched the Germany Market (-6.2%) over the past year.
Price Volatility
Industry
5yr Volatility vs Market

JST Value

 Is JOST Werke undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of JOST Werke to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for JOST Werke.

DB:JST Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:JST
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.067 (1 + (1- 30%) (33.31%))
1.211
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.21
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.211 * 5.96%)
7.45%

Discounted Cash Flow Calculation for DB:JST using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for JOST Werke is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:JST DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 7.45%)
2019 55.13 Analyst x6 51.31
2020 60.70 Analyst x7 52.58
2021 64.22 Analyst x6 51.77
2022 66.79 Est @ 4.01% 50.11
2023 68.71 Est @ 2.88% 47.98
2024 70.15 Est @ 2.08% 45.59
2025 71.22 Est @ 1.53% 43.08
2026 72.03 Est @ 1.14% 40.55
2027 72.65 Est @ 0.86% 38.06
2028 73.14 Est @ 0.67% 35.66
Present value of next 10 years cash flows €456.69
DB:JST DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €73.14 × (1 + 0.23%) ÷ (7.45% – 0.23%)
€1,015.49
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €1,015.49 ÷ (1 + 7.45%)10
€495.16
DB:JST Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €456.69 + €495.16
€951.85
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €951.85 / 14.90
€63.88
DB:JST Discount to Share Price
Calculation Result
Value per share (EUR) From above. €63.88
Current discount Discount to share price of €30.65
= -1 x (€30.65 - €63.88) / €63.88
52%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price JOST Werke is available for.
Intrinsic value
>50%
Share price is €30.65 vs Future cash flow value of €63.88
Current Discount Checks
For JOST Werke to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • JOST Werke's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • JOST Werke's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for JOST Werke's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are JOST Werke's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:JST PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €3.74
DB:JST Share Price ** DB (2019-06-26) in EUR €30.65
Germany Machinery Industry PE Ratio Median Figure of 37 Publicly-Listed Machinery Companies 15.48x
Germany Market PE Ratio Median Figure of 425 Publicly-Listed Companies 19.49x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of JOST Werke.

DB:JST PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= DB:JST Share Price ÷ EPS (both in EUR)

= 30.65 ÷ 3.74

8.2x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • JOST Werke is good value based on earnings compared to the DE Machinery industry average.
  • JOST Werke is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does JOST Werke's expected growth come at a high price?
Raw Data
DB:JST PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.2x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
0.5%per year
Germany Machinery Industry PEG Ratio Median Figure of 29 Publicly-Listed Machinery Companies 1.37x
Germany Market PEG Ratio Median Figure of 271 Publicly-Listed Companies 1.45x

*Line of best fit is calculated by linear regression .

DB:JST PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.2x ÷ 0.5%

17.48x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • JOST Werke is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on JOST Werke's assets?
Raw Data
DB:JST PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €17.82
DB:JST Share Price * DB (2019-06-26) in EUR €30.65
Germany Machinery Industry PB Ratio Median Figure of 46 Publicly-Listed Machinery Companies 1.67x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.8x
DB:JST PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= DB:JST Share Price ÷ Book Value per Share (both in EUR)

= 30.65 ÷ 17.82

1.72x

* Primary Listing of JOST Werke.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • JOST Werke is overvalued based on assets compared to the DE Machinery industry average.
X
Value checks
We assess JOST Werke's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check)
  5. JOST Werke has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

JST Future Performance

 How is JOST Werke expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
0.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is JOST Werke expected to grow at an attractive rate?
  • JOST Werke's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • JOST Werke's earnings growth is positive but not above the Germany market average.
  • JOST Werke's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:JST Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:JST Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 0.5%
DB:JST Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 1.5%
Germany Machinery Industry Earnings Growth Rate Market Cap Weighted Average 11.2%
Germany Machinery Industry Revenue Growth Rate Market Cap Weighted Average 5.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:JST Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:JST Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 815 1
2022-12-31 803 1
2021-12-31 800 88 44 7
2020-12-31 783 84 41 9
2019-12-31 772 80 39 8
DB:JST Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-03-31 765 55 56
2018-12-31 755 58 53
2018-09-30 736 45 56
2018-06-30 721 52 54
2018-03-31 711 52 -54
2017-12-31 701 64 -63
2017-09-30 680 66 -83
2017-06-30 658 76 -94
2017-03-31 649 79 -11
2016-12-31 634 57 -15

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • JOST Werke's earnings are expected to grow by 0.5% yearly, however this is not considered high growth (20% yearly).
  • JOST Werke's revenue is expected to grow by 1.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:JST Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from JOST Werke Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:JST Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 2.96 3.64 2.19 7.00
2020-12-31 2.90 3.18 2.54 8.00
2019-12-31 2.64 2.81 2.37 5.00
DB:JST Past Financials Data
Date (Data in EUR Millions) EPS *
2019-03-31 3.74
2018-12-31 3.59
2018-09-30 3.75
2018-06-30 3.65
2018-03-31 -3.61
2017-12-31 -8.41
2017-09-30 -5.56
2017-06-30 -9.33
2017-03-31 -1.05
2016-12-31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • JOST Werke is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess JOST Werke's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
JOST Werke has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

JST Past Performance

  How has JOST Werke performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare JOST Werke's growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • JOST Werke has delivered over 20% year on year earnings growth in the past 5 years.
  • JOST Werke has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • JOST Werke has become profitable in the last year making it difficult to compare the DE Machinery industry average.
Earnings and Revenue History
JOST Werke's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from JOST Werke Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:JST Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 764.70 55.67 105.01 12.81
2018-12-31 755.41 53.45 105.63 12.69
2018-09-30 736.09 56.01 107.26 12.00
2018-06-30 720.52 53.74 110.63 11.42
2018-03-31 711.00 -53.82 109.01 10.83
2017-12-31 701.31 -62.85 108.75 10.39
2017-09-30 680.32 -82.84 114.67 10.66
2017-06-30 658.22 -93.52 110.53 10.72
2017-03-31 648.96 -10.54 110.08 10.73
2016-12-31 633.95 -15.17 108.52 10.71
2015-12-31 649.80 -52.07 133.74 9.41
2014-12-31 516.29 28.30 100.74 7.60

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • JOST Werke has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • JOST Werke used its assets more efficiently than the DE Machinery industry average last year based on Return on Assets.
  • JOST Werke has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess JOST Werke's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
JOST Werke has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

JST Health

 How is JOST Werke's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up JOST Werke's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • JOST Werke is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • JOST Werke's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of JOST Werke's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from JOST Werke Company Filings, last reported 2 months ago.

DB:JST Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 265.50 152.12 65.13
2018-12-31 251.61 151.59 67.48
2018-09-30 240.73 152.36 42.57
2018-06-30 233.82 150.87 39.19
2018-03-31 219.69 177.68 69.78
2017-12-31 209.33 177.80 66.99
2017-09-30 195.10 177.84 57.92
2017-06-30 42.43 337.20 56.61
2017-03-31 -132.36 457.74 58.42
2016-12-31 -137.37 452.64 48.27
2015-12-31 -120.47 452.98 41.27
2014-12-31 -73.75 396.60 45.82
  • JOST Werke's level of debt (57.3%) compared to net worth is high (greater than 40%).
  • Unable to establish if JOST Werke's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (36.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 30.3x coverage).
X
Financial health checks
We assess JOST Werke's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. JOST Werke has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

JST Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.59%
Current annual income from JOST Werke dividends. Estimated to be 3.7% next year.
If you bought €2,000 of JOST Werke shares you are expected to receive €72 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • JOST Werke's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • JOST Werke's dividend is below the markets top 25% of dividend payers in Germany (3.88%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:JST Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
Germany Machinery Industry Average Dividend Yield Market Cap Weighted Average of 30 Stocks 2.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 328 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:JST Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 1.12 7.00
2020-12-31 1.18 8.00
2019-12-31 1.10 8.00
DB:JST Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-26 1.100 3.473
2018-03-22 0.500 1.554

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • It is too early to tell whether JOST Werke has stable dividend payments.
  • JOST Werke only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of JOST Werke's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.2x coverage).
X
Income/ dividend checks
We assess JOST Werke's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can JOST Werke afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. JOST Werke has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

JST Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Lars Brorsen
COMPENSATION €1,471,000
AGE 66
TENURE AS CEO 2 years
CEO Bio

Mr. Lars Brorsen serves as Managing Director of Langholm GmbH. Mr. Brorsen has been the Chief Executive Officer and Chairman of the Management Board at JOST Werke AG since July 2017. Mr. Brorsen is responsible for Marketing, Sales, Quality, Environment, Human Resources and Research & Development. In 2000, he joined the JOST Group as Chief Executive Officer. Mr. Brorsen serves as the Chief Executive Officer of JOST (G.B) Limited. He served as the Chairman of Management Board, Managing Director and the Chief Executive Officer at JOST-Werke Deutschland GmbH (Jost Werke Gmbh) until 2017. Since 1997, he served as President of MCC-Smart, within the DaimlerChrysler AG group. In 1978, Mr. Brorsen started his career as a trainee at TRW Carr Worldwide in Boston, United States. Mr. Brorsen served as Vice-President of TRW Inc. and Managing Director of TRW Occupant Restraint Systems Europe and Fastener Worldwide. He serves as the Chairman of the Supervisory Board of Dinex. He served as Deputy Chairman/Vice Chairman of The Board of Directors at Bang & Olufsen a/s (alternate name: Bang & Olufsen Holding A/S) from 2007 to 2010. He serves as a Member of the Supervisory Board of JOST Brasil SAL, Caxias do Sul, Brazil. He serves as a Director of Jost-World GmbH. He served as a Director of Bang & Olufsen Holding A/S from 1998 to August 26, 2009. Mr. Brorsen holds a Degree in Business Management from the University of Odense, Denmark and a Degree of Economics from the University of Aarhus, Denmark.

CEO Compensation
  • Lars's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Lars's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the JOST Werke management team in years:

0.4
Average Tenure
54
Average Age
  • The average tenure for the JOST Werke management team is less than 2 years, this suggests a new team.
Management Team

Lars Brorsen

TITLE
CEO & Chairman of Management Board
COMPENSATION
€1M
AGE
66
TENURE
2 yrs

Ralf Eichler

TITLE
COO & Member of Management Board
COMPENSATION
€773K
AGE
54
TENURE
1.9 yrs

Christoph Hobo

TITLE
Executive Officer
COMPENSATION
€764K
AGE
41
TENURE
0.4 yrs

Christian Terlinde

TITLE
CFO & Member of Management Board
AGE
46
TENURE
0.4 yrs

Joachim Dürr

TITLE
Chief Sales Officer & Member of Management Board
AGE
54
TENURE
0.4 yrs

Dirk Schmidt

TITLE
Management Consultant
Board of Directors Tenure

Average tenure and age of the JOST Werke board of directors in years:

2
Average Tenure
62.5
Average Age
  • The average tenure for the JOST Werke board of directors is less than 3 years, this suggests a new board.
Board of Directors

Manfred Wennemer

TITLE
Chairman of Supervisory Board
COMPENSATION
€170K
AGE
71
TENURE
2 yrs

Bernd Gottschalk

TITLE
Deputy Chairman of Supervisory Board
COMPENSATION
€85K
AGE
75
TENURE
2 yrs

Jürgen Schaubel

TITLE
Member of Supervisory Board
COMPENSATION
€70K
AGE
55
TENURE
2 yrs

Klaus Sulzbach

TITLE
Member of Supervisory Board
COMPENSATION
€60K
AGE
59
TENURE
2 yrs

Natalie Hayday

TITLE
Member of Supervisory Board
COMPENSATION
€60K
AGE
42
TENURE
2 yrs

Rolf Lutz

TITLE
Member of Supervisory Board
COMPENSATION
€60K
AGE
66
TENURE
2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess JOST Werke's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. JOST Werke has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

JST News

Simply Wall St News

JOST Werke AG (FRA:JST) Delivered A Better ROE Than Its Industry

One way to conceptualize this, is that for each €1 of shareholders' equity it has, the company made €0.21 in profit. … The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for JOST Werke: 21% = €56m ÷ €265m (Based on the trailing twelve months to March 2019.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … Does JOST Werke Have A Good Return On Equity?

Simply Wall St -

What Should We Expect From JOST Werke AG's (FRA:JST) Earnings In The Next Couple Of Years?

Below, I've presented key growth figures on how market analysts perceive JOST Werke's earnings growth outlook over the next few years and whether the future looks brighter. … DB:JST Past and Future Earnings, May 28th 2019 Although it is informative knowing the growth year by year relative to today’s value, it may be more insightful to determine the rate at which the earnings are growing on average every year. … This means, we can presume JOST Werke will chip away at a rate of -6.4% every year for the next few years.

Simply Wall St -

Did Changing Sentiment Drive JOST Werke's (FRA:JST) Share Price Down By 20%?

That downside risk was realized by JOST Werke AG (FRA:JST) shareholders over the last year, as the share price declined 20%. … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … As it happens, JOST Werke's TSR for the last year was -17%, which exceeds the share price return mentioned earlier.

Simply Wall St -

Is JOST Werke AG (FRA:JST) A Smart Choice For Dividend Investors?

Today we'll take a closer look at JOST Werke AG (FRA:JST) from a dividend investor's perspective. … Yet sometimes, investors buy a popular dividend stock because of its yield, and then lose money if the company's dividend doesn't live up to expectations. … Some readers mightn't know much about JOST Werke's 3.4% dividend, as it has only been paying distributions for a year or so.

Simply Wall St -

What You Should Know About JOST Werke AG's (FRA:JST) Financial Strength

While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Understanding the company's financial health becomes. … We'll look at some basic checks that can form a snapshot the company’s financial strength.

Simply Wall St -

Is JOST Werke AG’s (FRA:JST) 16% ROCE Any Good?

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Understanding Return On Capital Employed (ROCE). … How Do You Calculate Return On Capital Employed

Simply Wall St -

JOST Werke AG (FRA:JST) Is Trading At A 48.96% Discount

by taking the foreast future cash flows of the company and discounting them back to today's value. … Discounted Cash Flows (DCF) … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model.

Simply Wall St -

Should You Be Holding JOST Werke AG (FRA:JST)?

JOST Werke AG (FRA:JST) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … In the case of JST, it

Simply Wall St -

What You Must Know About JOST Werke AG's (FRA:JST) Financial Strength

However, an important fact which most ignore is: how financially healthy is the business? … Evaluating financial health as part of your investment thesis is. … Here are a few basic checks that are good enough to have a broad overview of the company’s financial strength.

Simply Wall St -

Here's What JOST Werke AG's (FRA:JST) ROCE Can Tell Us

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Return On Capital Employed (ROCE): What is it? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

JST Company Info

Description

JOST Werke AG manufactures and supplies safety-critical systems for the truck and trailer industry. The company offers truck and trailer components, including sensor systems and lubrication solutions, fifth wheel couplings and mounting plates, dual-height fifth wheel systems, sliders, kingpins, ball bearing turntables and slewing rings, landing gears, and hubodometers and axle caps; axle systems and its spare parts; and container equipment, such as components for intermodal transports, twist locks, bolsters, lifting frames for swap bodies, airbag lifting devices, and spare wheel holders. It also provides products for commercial vehicles comprising towing hitches and its spare parts, shunting couplings, traverses, varioblocs, adapter hitches, towing eyes and balls, wear gauges/tools, screw sets, and upgrade and repair kits; products for agriculture and forestry applications, including towing and ball hitches, drawbars, piton fixes, ladders, calotte and towing eyes, accessories, and spare parts, as well as support products for hitches; and drawbars. In addition, the company offers electro coating services for manufacturers and customers in various sectors, such as automobiles, commercial vehicles, agricultural, and forestry and construction vehicles, as well as their suppliers; and manufacturers of mass-produced cast and sheet metal components. It markets its products under the JOST, ROCKINGER, TRIDEC, and Edbro brand names. The company operates in Asia, Pacific, and Africa, as well as Europe and North America. The company was formerly known as Cintinori Holding GmbH and changed its name to JOST Werke AG in July 2017. The company was founded in 2008 and is headquartered in Neu-Isenburg, Germany.

Details
Name: JOST Werke AG
JST
Exchange: DB
Founded: 2008
€456,685,000
14,900,000
Website: http://www.jost-world.com
Address: JOST Werke AG
Siemensstrasse 2,
Neu-Isenburg,
Hessen, 63263,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
DB JST Ordinary Bearer Shares Deutsche Boerse AG DE EUR 20. Jul 2017
XTRA JST Ordinary Bearer Shares XETRA Trading Platform DE EUR 20. Jul 2017
LSE 0RTR Ordinary Bearer Shares London Stock Exchange GB EUR 20. Jul 2017
SWX JOST Ordinary Bearer Shares SIX Swiss Exchange CH CHF 20. Jul 2017
Number of employees
Current staff
Staff numbers
2,900
JOST Werke employees.
Industry
Construction Machinery and Heavy Trucks
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/26 22:26
End of day share price update: 2019/06/26 00:00
Last estimates confirmation: 2019/05/31
Last earnings filing: 2019/05/28
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.