DB:TSS

Stock Analysis Report

Executive Summary

InnoTec TSS AG, through its subsidiaries, operates in the construction supply industry in Germany.

Snowflake

Fundamentals

Flawless balance sheet and good value.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

2.0%

TSS

2.3%

DE Building

3.9%

DE Market


1 Year Return

-20.0%

TSS

0.03%

DE Building

3.4%

DE Market

Return vs Industry: TSS underperformed the German Building industry which returned 0% over the past year.

Return vs Market: TSS underperformed the German Market which returned 3.4% over the past year.


Shareholder returns

TSSIndustryMarket
7 Day2.0%2.3%3.9%
30 Day-2.8%2.9%2.1%
90 Day-2.8%0.3%3.7%
1 Year-14.7%-20.0%1.4%0.03%6.7%3.4%
3 Year-35.8%-44.4%14.1%4.6%18.9%8.6%
5 Year24.7%0.8%63.0%43.0%41.8%22.5%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: TSS (€10.4) is trading below our estimate of fair value (€22.48)

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


Price To Earnings Ratio

PE vs Industry: TSS is good value based on its PE Ratio (12.6x) compared to the Building industry average (17.6x).

PE vs Market: TSS is good value based on its PE Ratio (12.6x) compared to the German market (19.4x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: TSS is overvalued based on its PB Ratio (1.3x) compared to the DE Building industry average (1.2x).


Next Steps

Future Growth

How is InnoTec TSS forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-2.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TSS's earnings are forecast to decline over the next 3 years (-2.1% per year).

Earnings vs Market: TSS's earnings are forecast to decline over the next 3 years (-2.1% per year).

High Growth Earnings: TSS's earnings are forecast to decline over the next 3 years.

Revenue vs Market: Insufficient data to determine if TSS's revenue is forecast to grow faster than the German market.

High Growth Revenue: Insufficient data to determine if TSS's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if TSS's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has InnoTec TSS performed over the past 5 years?

3.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: TSS's earnings have grown by 3.8% per year over the past 5 years.

Accelerating Growth: TSS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: TSS had negative earnings growth (-17.5%) over the past year, making it difficult to compare to the Building industry average (-10.5%).


Return on Equity

High ROE: TSS's Return on Equity (10.4%) is considered low.


Return on Assets

ROA vs Industry: TSS has a higher Return on Assets than the Building industry average last year.


Return on Capital Employed

ROCE Improving: TSS's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is InnoTec TSS's financial position?


Financial Position Analysis

Short Term Liabilities: TSS's short term assets (€42.9M) exceeds its short term liabilities (€12.3M)

Long Term Liabilities: TSS's short term assets (42.9M) exceeds its long term liabilities (14.9M)


Debt to Equity History and Analysis

Debt Level: TSS's debt to equity ratio (15.6%) is considered satisfactory

Reducing Debt: TSS's debt to equity ratio has reduced from 22.8% to 15.6% over the past 5 years.

Debt Coverage: TSS's debt is well covered by operating cash flow (123.8%).

Interest Coverage: TSS's interest payments on its debt are well covered by EBIT (102.7x coverage).


Balance Sheet

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

Debt Coverage by Assets: TSS's debt is covered by short term assets (assets are 3.543740x debt).


Next Steps

Dividend

What is InnoTec TSS's current dividend yield, its reliability and sustainability?

7.21%

Current Dividend Yield


Dividend Yield vs Market

company7.2%marketbottom25%1.5%markettop25%3.8%industryaverage2.7%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: TSS's dividend (7.21%) is higher than the bottom 25% of dividend payers in the German market (1.46%).

High Dividend: TSS's dividend (7.21%) is in the top 25% of dividend payers in the German market (3.83%)

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

Growing Dividend: TSS's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (90.5%), TSS's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

€550k

CEO Compensation


CEO

Gerson Link 0

0yrs

Tenure

€550,000

Compensation

Dr. Gerson Link has been a Member of the Management Board at Innotec TSS AG since 2002 and is the Chairman of Management Board. Dr. Link serves as a Member of the Management Board at Rodenberg Fenster + Tü ...


CEO Compensation Analysis

Compensation vs. Market: Gerson's total compensation ($USD611.72K) is above average for companies of similar size in the German market ($USD218.00K).

Compensation vs Earnings: Gerson's compensation has been consistent with company performance over the past year.


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

  • Gerson Link

    Chairman of the Management Board

    • Tenure: 0yrs
    • Compensation: €550.00k

Board Members

  • Bernd Klinkmann

    Chairman of the Supervisory Board

    • Tenure: 0yrs
  • Reinhart Zech Von Hymmen

    Vice Chairman of the Supervisory Board

    • Tenure: 10.3yrs
  • Marc Tüngler (51yo)

    Member of the Supervisory Board

    • Tenure: 0yrs

Company Information

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


Key Information

  • Name: InnoTec TSS AG
  • Ticker: TSS
  • Exchange: DB
  • Founded: 1986
  • Industry: Building Products
  • Sector: Capital Goods
  • Market Cap: €100.485m
  • Shares outstanding: 9.57m
  • Website: https://www.innotectss.de

Number of Employees


Location

  • InnoTec TSS AG
  • Grunerstrasse 62
  • Düsseldorf
  • North Rhine-Westphalia
  • 40239
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TSSDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992

Biography

InnoTec TSS AG, through its subsidiaries, operates in the construction supply industry in Germany. It offers exterior door panels; and structural matrices for exposed concrete surfaces in construction. The ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/17 20:56
End of Day Share Price2019/10/17 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.