DB:RSL2

Stock Analysis Report

Executive Summary

R. STAHL AG, through its subsidiaries, develops, manufactures, assembles, and distributes devices and systems for measuring, controlling, and distribution of energy, securing, and lighting explosion environments worldwide.

Snowflake

Fundamentals

Adequate balance sheet with weak fundamentals.

Share Price & News

How has R. STAHL's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

RSL2

1.1%

DE Machinery

1.7%

DE Market


1 Year Return

7.3%

RSL2

-12.6%

DE Machinery

7.2%

DE Market

Return vs Industry: RSL2 exceeded the German Machinery industry which returned -12.6% over the past year.

Return vs Market: RSL2 matched the German Market which returned 7.2% over the past year.


Shareholder returns

RSL2IndustryMarket
7 Day0%1.1%1.7%
30 Day2.3%-3.8%2.4%
90 Day0.8%-4.6%2.3%
1 Year7.3%7.3%-9.8%-12.6%10.6%7.2%
3 Year-11.2%-12.9%-16.0%-22.1%18.4%8.1%
5 Year-28.1%-32.3%19.9%5.8%42.3%22.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is R. STAHL undervalued compared to its fair value and its price relative to the market?

3.19x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: RSL2 (€26.6) is trading above our estimate of fair value (€16.04)

Significantly Below Fair Value: RSL2 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: RSL2 is unprofitable, so we can't compare its PE Ratio to the Machinery industry average.

PE vs Market: RSL2 is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate RSL2's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: RSL2 is overvalued based on its PB Ratio (3.2x) compared to the DE Machinery industry average (1.4x).


Next Steps

Future Growth

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

72.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: RSL2 is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: RSL2 is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: RSL2 is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: RSL2's revenue (2.4% per year) is forecast to grow slower than the German market (5% per year).

High Growth Revenue: RSL2's revenue (2.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: RSL2's Return on Equity is forecast to be low in 3 years time (12%).


Next Steps

Past Performance

How has R. STAHL performed over the past 5 years?

-65.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: RSL2 is unprofitable, and losses have increased over the past 5 years at a rate of -65.4% per year.

Accelerating Growth: Unable to compare RSL2's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: RSL2 is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (-11.2%).


Return on Equity

High ROE: RSL2 has a negative Return on Equity (-5.07%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: RSL2 is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: RSL2 is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is R. STAHL's financial position?


Financial Position Analysis

Short Term Liabilities: RSL2's short term assets (€97.2M) exceeds its short term liabilities (€56.1M)

Long Term Liabilities: RSL2's short term assets (97.2M) do not cover its long term liabilities (150.4M)


Debt to Equity History and Analysis

Debt Level: RSL2's debt to equity ratio (26%) is considered satisfactory

Reducing Debt: RSL2's debt to equity ratio has reduced from 65.1% to 26% over the past 5 years.

Debt Coverage: RSL2's debt is well covered by operating cash flow (165.8%).

Interest Coverage: RSL2 is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet

Inventory Level: RSL2 has a high level of physical assets or inventory.

Debt Coverage by Assets: RSL2's debt is covered by short term assets (assets are 6.934920x debt).


Next Steps

Dividend

What is R. STAHL's current dividend yield, its reliability and sustainability?

0.31%

Forecast Dividend Yield


Dividend Yield vs Market

company0%marketbottom25%1.5%markettop25%3.8%industryaverage2.4%forecastin3Years0.3%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate RSL2's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate RSL2's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if RSL2's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if RSL2's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: RSL2 is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of RSL2's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

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

4.4yrs

Average board tenure


CEO

Mathias Hallmann (56yo)

1.8yrs

Tenure

€798,300

Compensation

Dr. Mathias Hallmann serves as Chairman of the Executive Board and has been Member of Management Board at R. Stahl AG since October 01, 2017 and has been it's Chief Executive Officer since January 1, 2018. ...


CEO Compensation Analysis

Compensation vs. Market: Mathias has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the German market.

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


Board Age and Tenure

4.4yrs

Average Tenure

Experienced Board: RSL2's board of directors are considered experienced (4.4 years average tenure).


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

  • Hans-Volker Stahl (72yo)

    Honorary Chairman of Supervisory Board

    • Tenure: 0yrs
    • Compensation: €2.00k
  • Eberhard Walter

    Head of Legal Department and Compliance Officer

    • Tenure: 0yrs
  • Ralf Krämer

    Executive Officer of Procurement & Supply

    • Tenure: 0yrs
  • Klaus Jager

    Head of Human Resources

    • Tenure: 0yrs
  • Johannes Ruckgauer

    Executive Officer of Development

    • Tenure: 0yrs
  • Bernd Steinmann

    Executive Officer of Organisation & IT

    • Tenure: 0yrs
  • Siegfried Jung

    Executive Officer of Quality Management

    • Tenure: 0yrs
  • Mathias Hallmann (56yo)

    Chairman of the Executive Board

    • Tenure: 1.8yrs
    • Compensation: €798.30k
  • Thomas Kornek

    Head of Investor Relations & Corporate Communications

    • Tenure: 0yrs

Board Members

  • Heinz Grund

    Member of Supervisory Board

    • Tenure: 0yrs
    • Compensation: €21.70k
  • Jürgen Wild (58yo)

    Member of Supervisory Board

    • Tenure: 4.4yrs
    • Compensation: €18.00k
  • Peter Leischner

    Chairman of Supervisory Board

    • Tenure: 1.2yrs
    • Compensation: €33.70k
  • Heike Dannenbauer

    Deputy Chairwoman of Supervisory Board

    • Tenure: 0yrs
    • Compensation: €21.70k
  • Rudolf Meier

    Member of Supervisory Board

    • Tenure: 8.4yrs
    • Compensation: €21.70k
  • Klaus Erker

    Member of Supervisory Board

    • Tenure: 6.4yrs
    • Compensation: €21.70k
  • Nikolaus Simeonidis

    Member of Supervisory Board

    • Tenure: 6.4yrs
    • Compensation: €18.00k
  • Renate Neumann-Schäfer (65yo)

    Member of Supervisory Board

    • Tenure: 1.2yrs
    • Compensation: €8.40k
  • Andreas Müller

    Member of Supervisory Board

    • Tenure: 1.2yrs
    • Compensation: €7.20k

Company Information

R. STAHL AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: R. STAHL AG
  • Ticker: RSL2
  • Exchange: DB
  • Founded: 1876
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: €171.304m
  • Shares outstanding: 6.44m
  • Website: https://r-stahl.com

Number of Employees


Location

  • R. STAHL AG
  • Am Bahnhof 30
  • Waldenburg
  • Baden-Württemberg
  • 74638
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RSL2DB (Deutsche Boerse AG)YesCommon SharesDEEURJul 1997
RSL1XTRA (XETRA Trading Platform)YesCommon SharesDEEURJul 1997
0Q9CLSE (London Stock Exchange)YesCommon SharesGBEURJul 1997
RSL2DBATS-CHIXE (BATS 'Chi-X Europe')YesCommon SharesGBEURJul 1997

Biography

R. STAHL AG, through its subsidiaries, develops, manufactures, assembles, and distributes devices and systems for measuring, controlling, and distribution of energy, securing, and lighting explosion enviro ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/23 20:42
End of Day Share Price2019/10/23 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.