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R. STAHL

DB:RSL2
Snowflake Description

Excellent balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RSL2
DB
€138M
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

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. The last earnings update was 131 days ago. More info.


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RSL2 Share Price and Events
7 Day Returns
0%
DB:RSL2
-0.9%
DE Machinery
1.3%
DE Market
1 Year Returns
-28.9%
DB:RSL2
-24%
DE Machinery
-7.6%
DE Market
RSL2 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
R. STAHL (RSL2) 0% 1% 1% -28.9% -33% -41.4%
DE Machinery -0.9% -3.5% 2.9% -24% -8.5% 10.4%
DE Market 1.3% 2.8% 7.5% -7.6% 9.3% 13.3%
1 Year Return vs Industry and Market
  • RSL2 underperformed the Machinery industry which returned -24% over the past year.
  • RSL2 underperformed the Market in Germany which returned -7.6% over the past year.
Price Volatility
RSL2
Industry
5yr Volatility vs Market

RSL2 Value

 Is R. STAHL 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 R. STAHL 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    Our intrinsic value calculation method has changed recently, learn more here.

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

DB:RSL2 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.9%
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:RSL2
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 1.06
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.061 (1 + (1- 30%) (16.85%))
1.124
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.12
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.124 * 5.96%)
6.93%

Discounted Cash Flow Calculation for DB:RSL2 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for R. STAHL 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:RSL2 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.93%)
2019 3.50 Analyst x1 3.27
2020 6.90 Analyst x1 6.03
2021 8.34 Est @ 20.87% 6.82
2022 9.56 Est @ 14.68% 7.32
2023 10.55 Est @ 10.34% 7.55
2024 11.33 Est @ 7.31% 7.58
2025 11.91 Est @ 5.18% 7.45
2026 12.35 Est @ 3.7% 7.23
2027 12.68 Est @ 2.66% 6.94
2028 12.93 Est @ 1.93% 6.61
Present value of next 10 years cash flows €66.80
DB:RSL2 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €12.93 × (1 + 0.23%) ÷ (6.93% – 0.23%)
€193.30
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €193.30 ÷ (1 + 6.93%)10
€98.91
DB:RSL2 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €66.80 + €98.91
€165.71
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €165.71 / 6.44
€25.73
DB:RSL2 Discount to Share Price
Calculation Result
Value per share (EUR) From above. €25.73
Current discount Discount to share price of €21.20
= -1 x (€21.20 - €25.73) / €25.73
17.6%

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

Current Discount
Amount off the current price R. STAHL is available for.
Intrinsic value
18%
Share price is €21.2 vs Future cash flow value of €25.73
Current Discount Checks
For R. STAHL to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • R. STAHL's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • R. STAHL's share price is below the future cash flow value, but not 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 R. STAHL's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are R. STAHL's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:RSL2 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in EUR €-2.48
DB:RSL2 Share Price ** DB (2019-03-19) in EUR €21.2
Germany Machinery Industry PE Ratio Median Figure of 38 Publicly-Listed Machinery Companies 15.36x
Germany Market PE Ratio Median Figure of 423 Publicly-Listed Companies 19.26x

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

** Primary Listing of R. STAHL.

DB:RSL2 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= DB:RSL2 Share Price ÷ EPS (both in EUR)

= 21.2 ÷ -2.48

-8.56x

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

  • R. STAHL is loss making, we can't compare its value to the DE Machinery industry average.
  • R. STAHL is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does R. STAHL's expected growth come at a high price?
Raw Data
DB:RSL2 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -8.56x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
107.8%per year
Germany Machinery Industry PEG Ratio Median Figure of 29 Publicly-Listed Machinery Companies 1.51x
Germany Market PEG Ratio Median Figure of 276 Publicly-Listed Companies 1.46x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for R. STAHL, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on R. STAHL's assets?
Raw Data
DB:RSL2 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in EUR €10.36
DB:RSL2 Share Price * DB (2019-03-19) in EUR €21.2
Germany Machinery Industry PB Ratio Median Figure of 45 Publicly-Listed Machinery Companies 1.76x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.76x
DB:RSL2 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= DB:RSL2 Share Price ÷ Book Value per Share (both in EUR)

= 21.2 ÷ 10.36

2.05x

* Primary Listing of R. STAHL.

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

  • R. STAHL is overvalued based on assets compared to the DE Machinery industry average.
X
Value checks
We assess R. STAHL'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. R. STAHL has a total score of 0/6, 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.

RSL2 Future Performance

 How is R. STAHL expected to perform in the next 1 to 3 years based on estimates from 2 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
107.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is R. STAHL expected to grow at an attractive rate?
  • R. STAHL's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • R. STAHL's earnings growth is expected to exceed the Germany market average.
  • R. STAHL's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:RSL2 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:RSL2 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 107.8%
DB:RSL2 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 2.6%
Germany Machinery Industry Earnings Growth Rate Market Cap Weighted Average 10.7%
Germany Machinery Industry Revenue Growth Rate Market Cap Weighted Average 4.6%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.8%
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:RSL2 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:RSL2 Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 314 1
2022-12-31 308 1
2021-12-31 302 1
2020-12-31 298 16 8 2
2019-12-31 285 13 2 2
2018-12-31 276 13 -8 2
DB:RSL2 Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-09-30 280 15 -16
2018-06-30 276 20 -20
2018-03-31 273 12 -22
2017-12-31 273 20 -21
2017-09-30 276 22 -6
2017-06-30 280 15 -4
2017-03-31 284 13 -1
2016-12-31 290 11 4
2016-09-30 293 13 -1
2016-06-30 296 19 -1
2016-03-31 307 22 -1
2015-12-31 317 18 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • R. STAHL's earnings are expected to grow significantly at over 20% yearly.
  • R. STAHL's revenue is expected to grow by 2.6% 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:RSL2 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from R. STAHL Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:RSL2 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
2020-12-31 1.17 1.56 0.78 2.00
2019-12-31 0.38 0.39 0.36 2.00
2018-12-31 -1.20 -1.16 -1.24 2.00
DB:RSL2 Past Financials Data
Date (Data in EUR Millions) EPS *
2018-09-30 -2.48
2018-06-30 -3.10
2018-03-31 -3.35
2017-12-31 -3.28
2017-09-30 -0.99
2017-06-30 -0.69
2017-03-31 -0.11
2016-12-31 0.64
2016-09-30 -0.17
2016-06-30 -0.19
2016-03-31 -0.10
2015-12-31 -0.02

*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.
  • R. STAHL is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess R. STAHL'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.
R. STAHL has a total score of 3/6, 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.

RSL2 Past Performance

  How has R. STAHL 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 R. STAHL'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.
  • R. STAHL does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare R. STAHL's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare R. STAHL's 1-year growth to the DE Machinery industry average as it is not currently profitable.
Earnings and Revenue History
R. STAHL'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 R. STAHL Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:RSL2 Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 279.98 -15.84 123.05
2018-06-30 276.37 -19.96 124.40
2018-03-31 273.02 -21.57 126.22
2017-12-31 272.96 -21.14 127.51
2017-09-30 275.50 -6.37 128.53
2017-06-30 280.39 -4.46 128.67
2017-03-31 284.22 -0.68 129.03
2016-12-31 290.43 4.14 127.01
2016-09-30 293.14 -1.13 130.82
2016-06-30 295.75 -1.20 132.60
2016-03-31 306.80 -0.68 135.45
2015-12-31 317.10 -0.11 139.40
2015-09-30 323.07 6.50 138.18
2015-06-30 330.02 10.92 138.09
2015-03-31 327.02 11.48 135.33
2014-12-31 312.57 9.78 131.00
2014-09-30 309.42 10.93 128.65
2014-06-30 306.60 10.79 125.37
2014-03-31 303.72 12.77 123.12
2013-12-31 307.97 15.33 120.30
2013-09-30 307.06 15.31 118.51
2013-06-30 307.01 14.40 117.93
2013-03-31 301.00 14.55 115.65
2012-12-31 294.51 14.37 113.48
2012-09-30 281.29 11.94 110.10
2012-06-30 266.19 11.33 106.13
2012-03-31 253.10 9.50 102.63

*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.
  • It is difficult to establish if R. STAHL has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if R. STAHL has efficiently used its assets last year compared to the DE Machinery industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if R. STAHL improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess R. STAHL'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.
R. STAHL has a total score of 0/6, 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.

RSL2 Health

 How is R. STAHL'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 R. STAHL's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • R. STAHL is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • R. STAHL's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of R. STAHL'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 5x 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 R. STAHL Company Filings, last reported 5 months ago.

DB:RSL2 Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 67.34 23.22 14.83
2018-06-30 64.54 28.41 11.52
2018-03-31 66.37 44.04 21.07
2017-12-31 69.05 34.17 16.22
2017-09-30 84.36 35.74 17.35
2017-06-30 86.46 44.44 16.94
2017-03-31 93.49 39.66 19.24
2016-12-31 94.77 37.99 16.31
2016-09-30 87.23 39.06 14.32
2016-06-30 89.51 39.32 12.79
2016-03-31 97.82 36.16 18.04
2015-12-31 101.02 35.74 18.82
2015-09-30 102.61 38.07 18.67
2015-06-30 104.02 40.49 16.10
2015-03-31 97.35 29.72 16.55
2014-12-31 74.88 48.48 16.43
2014-09-30 78.34 52.73 15.08
2014-06-30 76.73 49.91 15.28
2014-03-31 89.60 29.24 16.86
2013-12-31 91.92 31.17 25.42
2013-09-30 86.68 32.60 20.82
2013-06-30 84.59 35.43 17.98
2013-03-31 88.94 25.15 20.31
2012-12-31 85.89 19.55 17.92
2012-09-30 96.47 24.06 13.86
2012-06-30 92.27 24.92 14.31
2012-03-31 92.11 11.21 15.28
  • R. STAHL's level of debt (34.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (37.6% vs 34.5% today).
  • Debt is well covered by operating cash flow (64.3%, greater than 20% of total debt).
  • R. STAHL is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess R. STAHL'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. R. STAHL has a total score of 5/6, 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.

RSL2 Dividends

 What is R. STAHL'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
2.83%
Current annual income from R. STAHL dividends. Estimated to be 0.79% next year.
If you bought €2,000 of R. STAHL shares you are expected to receive €57 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?
  • R. STAHL's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.5%).
  • R. STAHL's dividend is below the markets top 25% of dividend payers in Germany (3.9%).
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:RSL2 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 2 Analyst Estimates (S&P Global) See Below
Germany Machinery Industry Average Dividend Yield Market Cap Weighted Average of 31 Stocks 2.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
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:RSL2 Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31 0.25 2.00
2019-12-31 0.00 1.00
2018-12-31 0.00 1.00
DB:RSL2 Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2018-06-13 0.600 2.523
2017-06-02 0.600 1.964
2016-06-03 0.600 2.002
2015-05-22 0.800 2.446
2014-05-23 1.000 2.425
2013-04-12 1.000 2.735
2013-04-10 1.000 3.072
2012-08-08 0.700 2.537
2012-04-19 0.700 2.746
2011-04-13 0.700 2.880
2010-04-29 0.400 1.646
2010-04-23 0.400 1.953
2009-03-20 0.900 5.745

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of R. STAHL's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • No need to calculate the sustainability of R. STAHL's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess R. STAHL'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 R. STAHL afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. R. STAHL has a total score of 1/6, see the detailed checks below.


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

RSL2 Management

 What is the CEO of R. STAHL'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
Mathias Hallmann
COMPENSATION €409,100
AGE 55
TENURE AS CEO 1.2 years
CEO Bio

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. Mr. Hallmann served as President of le europe at Lincoln Electric Holdings Inc since February 19, 2014 until February 09, 2016. He served as President of International Welding at Lincoln Electric Holdings Inc. since February 9, 2016 until May 25, 2017 and served as its Senior Vice President since February 19, 2014 until May 25, 2017. He joined Lincoln Electric in 2013, where he was initially responsible for the company's international business strategy outside the Americas before taking over full business responsibility for these regions. He served as President of Lincoln Electric Europe BV at Lincoln Electric Holdings Inc., since November 11, 2013 until February 19, 2014. He served as a Vice President of Lincoln Electric Holdings Inc., from November 4, 2013 to February 19, 2014. He started his professional career in 1994 in the consulting business at McKinsey until 2002. He served as Head of Business Unit Automation at Moeller GmbH (today: Eaton Corp.). Mr. Hallmann served as the President of Lincoln Electric Europe S.l from November 4, 2013 to February 19, 2014. He served as a Director of Business Strategy for Lincoln Electric Holdings' European business and has more than 20 years of management and leadership experience, having previously served as the Chief Executive Officer of Bohler Welding Group, a European welding consumables manufacturer. Mr. Hallmann also held various executive roles at Moeller GmbH, a German industrial company and was a management consultant at McKinsey & Company. He studied master's degree Mechanical Engineering and Phd at the University of Karlsruhe where he also obtained a doctorate.

CEO Compensation
  • Insufficient data for Mathias to compare compensation growth.
  • Mathias's remuneration is about average for companies of similar size in Germany.
Management Team

Mathias Hallmann

TITLE
Chairman of the Executive Board & CEO
COMPENSATION
€409K
AGE
55
TENURE
1.2 yrs

Volker Walprecht

TITLE
CFO & Member of Executive Board
AGE
54
TENURE
0.7 yrs

Thomas Kornek

TITLE
Head of Investor Relations & Corporate Communications

Eberhard Walter

TITLE
Head of Legal Department and Compliance Officer

Johannes Ruckgauer

TITLE
Executive Officer of Development

Klaus Jager

TITLE
Head of Human Resources

Hans-Volker Stahl

TITLE
Honorary Chairman of Supervisory Board
COMPENSATION
€2K
AGE
71

Bernd Steinmann

TITLE
Executive Officer of Organisation & IT

Siegfried Jung

TITLE
Executive Officer of Quality Management

Ralf Krämer

TITLE
Executive Officer of Procurement & Supply
Board of Directors Tenure

Average tenure of the R. STAHL board of directors in years:

3.8
Average Tenure
  • The tenure for the R. STAHL board of directors is about average.
Board of Directors

Peter Leischner

TITLE
Chairman of Supervisory Board
COMPENSATION
€24K
TENURE
0.6 yrs

Heike Dannenbauer

TITLE
Deputy Chairwoman of Supervisory Board
COMPENSATION
€24K

Heinz Grund

TITLE
Member of Supervisory Board
COMPENSATION
€24K

Rudolf Meier

TITLE
Member of Supervisory Board
COMPENSATION
€24K
TENURE
7.8 yrs

Klaus Erker

TITLE
Member of Supervisory Board
COMPENSATION
€24K
TENURE
5.8 yrs

Nikolaus Simeonidis

TITLE
Member of Supervisory Board
COMPENSATION
€20K
TENURE
5.8 yrs

Jürgen Wild

TITLE
Member of Supervisory Board
COMPENSATION
€20K
AGE
57
TENURE
3.8 yrs

Renate Neumann-Schäfer

TITLE
Member of Supervisory Board
AGE
64
TENURE
0.6 yrs

Andreas Müller

TITLE
Member of Supervisory Board
TENURE
0.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess R. STAHL'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. R. STAHL 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.

RSL2 News

Simply Wall St News

Imagine Owning R. STAHL And Wondering If The 44% Share Price Slide Is Justified

STAHL AG (FRA:RSL2), since the last five years saw the share price fall 44%. … We also note that the stock has performed poorly over the last year, with the share price down 31%. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).

Simply Wall St -

What Kind Of Shareholders Own R. STAHL AG (FRA:RSL2)?

Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … So it's nice to see some insider ownership, because it may suggest that management is owner-oriented. … Taking a look at the our data on the ownership groups (below), it's seems that.

Simply Wall St -

What does R. STAHL AG's (FRA:RSL2) Balance Sheet Tell Us About Its Future?

STAHL AG (FRA:RSL2) with its market cap of €135m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … the current state of its operations and pathway to profitability.

Simply Wall St -

What Should Investors Know About R STAHL AG's (FRA:RSL2) Capital Returns?

This share represents a portion of capital used by the company to operate the business, and it is important the company is able to use the capital base efficiently to create adequate cash flows for you as an investor. … STAHL is able to use capital to create earnings will help us understand your potential return. … Investors use many different metrics but the analysis below focuses on return on capital employed (ROCE).

Simply Wall St -

Should You Buy R STAHL AG (FRA:RSL2) For Its 2.7% Dividend?

Dividends play a key role in compounding returns over time and can form a large part of our portfolio return. … Historically, R STAHL AG (FRA:RSL2) has been paying a dividend to shareholders. … 5 checks you should use to assess a dividend stock

Simply Wall St -

R STAHL AG (FRA:RSL2): Time For A Financial Health Check

While small-cap stocks, such as R STAHL AG (FRA:RSL2) with its market cap of €167.44m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … the current state of its operations and pathway to profitability.

Simply Wall St -

Be Careful About Buying R STAHL AG (FRA:RSL2) For The 2.21% Dividend

Dividends play an important role in compounding returns in the long run and end up forming a sizeable part of investment returns. … In the past 10 years R STAHL AG (FRA:RSL2) has returned an average of 3.00% per year to investors in the form of dividend payouts.

Simply Wall St -

Estimating The Fair Value Of R Stahl AG (FRA:RSL2)

5-year cash flow forecast 2018 2019 2020 2021 2022 Levered FCF (€, Millions) €4.20 €5.40 €8.74 €8.61 €8.49 Source Analyst x1 Analyst x1 Analyst x1 Extrapolated @ (-1.42%) Extrapolated @ (-1.42%) Present Value Discounted @ 4.89% €4.00 €4.91 €7.57 €7.11 €6.69 Present Value of 5-year Cash Flow (PVCF)= €30 We now need to calculate the Terminal Value, which accounts for all the future cash flows after the five years. … Terminal Value (TV) = FCF2022 × (1 + g) ÷ (r – g) = €8 × (1 + 0.5%) ÷ (4.9% – 0.5%) = €196 Present Value of Terminal Value (PVTV) = TV / (1 + r)5 = €196 / ( 1 + 4.9%)5 = €155 The total value, or equity value, is then the sum of the present value of the cash flows, which in this case is €185. … DB:RSL2 Intrinsic Value May 24th 18 Important assumptions I'd like to point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows.

Simply Wall St -

How Does R Stahl AG (FRA:RSL2) Affect Your Portfolio Returns?

A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … RSL2's beta implies it may be a stock that investors with high-beta portfolios might find relevant if they wanted to reduce their exposure to market risk, especially during times of downturns. … RSL2, with its market capitalisation of €181.61M, is a small-cap stock, which generally have higher beta than similar companies of larger size.

Simply Wall St -

Who Owns R Stahl AG (FRA:RSL2)?

Stahl DB:RSL2 Ownership_summary Apr 30th 18 Institutional Ownership Institutions account for 15.71% of RSL2's outstanding shares, a significant enough holding to move stock prices if they start buying and selling in large quantities, especially when there are relatively small amounts of shares available on the market to trade. … Insider Ownership Another important group of shareholders are company insiders. … An investor should be encouraged by the ownership of these institutions who are known to be experts in increasing efficiency, improving capital structure and opting for value-accretive policy decisions.Next Steps: The company's high institutional ownership makes margin of safety a very important consideration to existing investors since long bull and bear trends often emerge when these big-ticket investors see a change in long-term potential of the company.

Simply Wall St -

RSL2 Company Info

Description

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. The company offers luminaires, including linear luminaires, tubular light fittings, emergency luminaires, floodlights, pendant light fittings, wall- and ceiling-mounted bulkhead light fittings, tank inspection lamps, helideck systems, and hand lamps; junction and terminal boxes; and control boxes, such as temperature controllers and limiters, and thermostat solutions. It also provides control systems and distribution boards comprising lighting and heating circuit boards, load disconnect switches, motor protection circuit breakers, safety switches, uninterrupted power supply products, machine controls, and battery boxes, as well as direct-on-line motor, star delta, and soft starters. In addition, the company offers operating and monitoring systems; automation interfaces and solutions for safety barriers, isolators, remote I/O, fieldbus technology, Ex p products, grounding systems and monitoring devices, and network technology products; cable glands, components, and enclosures; camera and CCTV equipment; signaling devices; and plugs and sockets, and connectors. Further, it provides automation, container system, power distribution, lighting, and machine control system solutions. The company serves the oil and gas, chemical, marine and shipbuilding, pharmaceutical, machine, food and beverage, and other industries. R. STAHL AG was founded in 1876 and is headquartered in Waldenburg, Germany.

Details
Name: R. STAHL AG
RSL2
Exchange: DB
Founded: 1876
€137,816,000
6,440,000
Website: http://r-stahl.com
Address: R. STAHL AG
Am Bahnhof 30,
Waldenburg,
Baden-Württemberg, 74638,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
DB RSL2 Common Shares Deutsche Boerse AG DE EUR 21. Jul 1997
XTRA RSL1 Common Shares XETRA Trading Platform DE EUR 21. Jul 1997
LSE 0Q9C Common Shares London Stock Exchange GB EUR 21. Jul 1997
BATS-CHIXE RSL2D Common Shares BATS 'Chi-X Europe' GB EUR 21. Jul 1997
Number of employees
Current staff
Staff numbers
1,708
R. STAHL employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/19 20:46
End of day share price update: 2019/03/19 00:00
Last estimates confirmation: 2019/03/01
Last earnings filing: 2018/11/08
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


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.