DB:KRY0

Stock Analysis Report

Executive Summary

Glaston Oyj Abp manufactures and sells glass processing machinery worldwide.

Snowflake

Fundamentals

Reasonable growth potential and fair value.

Share Price & News

How has Glaston Oyj Abp's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.5%

KRY0

0.9%

DE Machinery

2.4%

DE Market


1 Year Return

-44.4%

KRY0

-16.7%

DE Machinery

2.3%

DE Market

Return vs Industry: KRY0 underperformed the German Machinery industry which returned -16.7% over the past year.

Return vs Market: KRY0 underperformed the German Market which returned 2.3% over the past year.


Shareholder returns

KRY0IndustryMarket
7 Day0.5%0.9%2.4%
30 Day-9.5%-6.2%-0.2%
90 Day-13.0%-7.6%0.6%
1 Year-24.5%-44.4%-14.0%-16.7%5.5%2.3%
3 Yearn/a-19.3%-25.1%18.9%8.6%
5 Yearn/a21.6%7.2%44.8%25.1%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Glaston Oyj Abp undervalued compared to its fair value and its price relative to the market?

47.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: KRY0 (€1.1) is trading below our estimate of fair value (€2.07)

Significantly Undervalued: KRY0 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: KRY0 is unprofitable, so we can't compare its PE Ratio to the Machinery industry average.

PE vs Market: KRY0 is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate KRY0's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: KRY0 is good value based on its PB Ratio (1.2x) compared to the DE Machinery industry average (1.3x).


Next Steps

Future Growth

How is Glaston Oyj Abp forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

68.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KRY0 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.2%).

Earnings vs Market: KRY0 is forecast to become profitable over the next 3 year, which is considered above average market growth.

High Growth Earnings: KRY0's loss is forecast to worsen by 0% next year.

Revenue vs Market: KRY0's revenue (10.9% per year) is forecast to grow faster than the German market (5% per year).

High Growth Revenue: KRY0's revenue (10.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: KRY0's Return on Equity is forecast to be low in 3 years time (16.8%).


Next Steps

Past Performance

How has Glaston Oyj Abp performed over the past 5 years?

-24.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: KRY0 is unprofitable, and losses have increased over the past 5 years at a rate of -24% per year.

Accelerating Growth: Unable to compare KRY0's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: KRY0 is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (-9.7%).


Return on Equity

High ROE: KRY0 has a negative Return on Equity (-2.12%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: KRY0 is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: KRY0 is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Glaston Oyj Abp's financial position?


Financial Position Analysis

Short Term Liabilities: KRY0's short term assets (€148.4M) exceeds its short term liabilities (€130.0M)

Long Term Liabilities: KRY0's short term assets (148.4M) exceeds its long term liabilities (58.9M)


Debt to Equity History and Analysis

Debt Level: KRY0's debt to equity ratio (94.1%) is considered high

Reducing Debt: KRY0's debt to equity ratio has increased from 46.7% to 94.1% over the past 5 years.


Balance Sheet

Inventory Level: KRY0 has a high level of physical assets or inventory.

Debt Coverage by Assets: KRY0's debt is covered by short term assets (assets are 1.973400x 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: Insufficient data to determine if KRY0 has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if KRY0 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Glaston Oyj Abp's current dividend yield, its reliability and sustainability?

2.71%

Current Dividend Yield


Dividend Yield vs Market

company2.7%marketbottom25%1.4%markettop25%3.9%industryaverage2.4%forecastin3Years5.0%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: KRY0's dividend (2.71%) is higher than the bottom 25% of dividend payers in the German market (1.43%).

High Dividend: KRY0's dividend (2.71%) is low compared to the top 25% of dividend payers in the German market (3.86%).

Stable Dividend: KRY0's dividend payments have been volatile in the past 10 years.

Growing Dividend: KRY0's dividend payments have fallen over the past 10 years.


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: KRY0's dividends in 3 years are forecast to be well covered by earnings (39.4% payout ratio).


Next Steps

Management

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

2.1yrs

Average management tenure


CEO

Arto Metsänen (63yo)

10.1yrs

Tenure

€616,569

Compensation

Mr. Arto Juhani Metsänen, M.Sc. (Eng.), has been the Chief Executive Officer and President of Glaston Oyj Abp since September 1, 2009. Mr. Metsänen serves as the Chief Executive Officer of Associated - Gla ...


CEO Compensation Analysis

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

Compensation vs Earnings: Arto's compensation has increased whilst the company is unprofitable.


Management Age and Tenure

2.1yrs

Average Tenure

51yo

Average Age

Experienced Management: KRY0's management team is considered experienced (2.1 years average tenure).


Board Age and Tenure

1.8yrs

Average Tenure

58yo

Average Age

Experienced Board: KRY0's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


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

  • Päivi Lindqvist (49yo)

    Chief Financial Officer

    • Tenure: 3.1yrs
  • Arto Metsänen (63yo)

    CEO & President

    • Tenure: 10.1yrs
    • Compensation: €616.57k
  • Juha Liettyä (61yo)

    President of Glaston Technologies

    • Tenure: 11.8yrs
  • Agneta Selroos

    Communications Director

    • Tenure: 0yrs
  • Joséphine Mickwitz (51yo)

    Vice President of Investor Relations

    • Tenure: 1.1yrs
  • Frank Zhang (51yo)

    Head of APAC

    • Tenure: 0yrs
  • Sasu Koivumäki (45yo)

    COO & Deputy to the CEO

    • Tenure: 0.5yrs
  • Taina Tirkkonen (44yo)

    General Counsel & Senior VP of Human Resources (Leave of Absence)

    • Tenure: 0yrs
  • Pekka Hytti (64yo)

    Head of EMEA

    • Tenure: 0yrs
  • Dietmar Walz (59yo)

    President of Bystronic Glass & Member of Executive Management Group

    • Tenure: 0.4yrs

Board Members

  • Teuvo Salminen (65yo)

    Independent Chairman of the Board

    • Tenure: 1.5yrs
    • Compensation: €49.90k
  • Sebastian Bondestam (57yo)

    Deputy Chairman of the Board

    • Tenure: 1.5yrs
    • Compensation: €29.88k
  • Antti Kaunonen (60yo)

    Independent Director

    • Tenure: 1.5yrs
    • Compensation: €21.25k
  • Tero Telaranta (48yo)

    Independent Director

    • Tenure: 2.1yrs
    • Compensation: €27.75k
  • Sarlotta Narjus (53yo)

    Independent Director

    • Tenure: 3.5yrs
    • Compensation: €27.75k
  • Kai Mäenpää (59yo)

    Independent Director

    • Tenure: 2.5yrs
    • Compensation: €27.75k

Company Information

Glaston Oyj Abp's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Glaston Oyj Abp
  • Ticker: KRY0
  • Exchange: DB
  • Founded: 1870
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: €93.140m
  • Shares outstanding: 84.29m
  • Website: https://glaston.net

Number of Employees


Location

  • Glaston Oyj Abp
  • Lönnrotinkatu 11
  • Helsinki
  • Uusimaa
  • 120
  • Finland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GLA1VHLSE (OMX Nordic Exchange Helsinki)YesOrdinary SharesFIEURApr 2001
KRY0DB (Deutsche Boerse AG)YesOrdinary SharesDEEURApr 2001

Biography

Glaston Oyj Abp manufactures and sells glass processing machinery worldwide. The company offers flat tempering and laminating, bending and tempering, and bending and laminating machines. It is also involve ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 22:06
End of Day Share Price2019/10/14 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.