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Xebec Adsorption

DB:XB6
Snowflake Description

High growth potential with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
XB6
DB
CA$81M
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Xebec Adsorption Inc. provides gas purification, generation, and filtration solutions for the natural gas, field gas, biogas/renewable natural gas, helium, hydrogen, nitrogen, and oxygen markets. The last earnings update was 6 days ago. More info.


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  • Xebec Adsorption has significant price volatility in the past 3 months.
XB6 Share Price and Events
7 Day Returns
-1.3%
DB:XB6
2.2%
DE Machinery
1.5%
DE Market
1 Year Returns
151.7%
DB:XB6
-18.2%
DE Machinery
-6.2%
DE Market
XB6 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Xebec Adsorption (XB6) -1.3% -2.7% 87.3% 151.7% 692.9% 1841.8%
DE Machinery 2.2% 11.8% 7.2% -18.2% -3.4% 18.8%
DE Market 1.5% 6% 8.5% -6.2% 10.7% 15.3%
1 Year Return vs Industry and Market
  • XB6 outperformed the Machinery industry which returned -18.2% over the past year.
  • XB6 outperformed the Market in Germany which returned -6.2% over the past year.
Price Volatility
XB6
Industry
5yr Volatility vs Market

Value

 Is Xebec Adsorption 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 Xebec Adsorption 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 Xebec Adsorption.

DB:XB6 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 6.6%
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:XB6
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))
= 1.066 (1 + (1- 26.5%) (4.54%))
1.068
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.07
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.068 * 5.96%)
6.59%

Discounted Cash Flow Calculation for DB:XB6 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Xebec Adsorption 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:XB6 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 6.59%)
2019 7.00 Analyst x1 6.57
2020 3.30 Analyst x1 2.90
2021 1.65 Est @ -50.12% 1.36
2022 1.07 Est @ -35.01% 0.83
2023 0.81 Est @ -24.44% 0.59
2024 0.67 Est @ -17.04% 0.46
2025 0.59 Est @ -11.86% 0.38
2026 0.54 Est @ -8.23% 0.33
2027 0.51 Est @ -5.7% 0.29
2028 0.49 Est @ -3.92% 0.26
Present value of next 10 years cash flows CA$13.95
DB:XB6 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CA$0.49 × (1 + 0.23%) ÷ (6.59% – 0.23%)
CA$7.74
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$7.74 ÷ (1 + 6.59%)10
CA$4.09
DB:XB6 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$13.95 + CA$4.09
CA$18.04
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$18.04 / 57.53
CA$0.31
DB:XB6 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:XB6 represents 0.67007x of TSXV:XBC
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.67007x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 0.31 x 0.67007
€0.21
Value per share (EUR) From above. €0.21
Current discount Discount to share price of €0.95
= -1 x (€0.95 - €0.21) / €0.21
-352.8%

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

  • The current share price of Xebec Adsorption is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Xebec Adsorption's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Xebec Adsorption's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:XB6 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CAD CA$-0.07
TSXV:XBC Share Price ** TSXV (2019-04-23) in CAD CA$1.42
Germany Machinery Industry PE Ratio Median Figure of 38 Publicly-Listed Machinery Companies 18.37x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.6x

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

** Primary Listing of Xebec Adsorption.

DB:XB6 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:XBC Share Price ÷ EPS (both in CAD)

= 1.42 ÷ -0.07

-20.89x

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

  • Xebec Adsorption is loss making, we can't compare its value to the DE Machinery industry average.
  • Xebec Adsorption is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Xebec Adsorption's expected growth come at a high price?
Raw Data
DB:XB6 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -20.89x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
101.3%per year
Germany Machinery Industry PEG Ratio Median Figure of 29 Publicly-Listed Machinery Companies 1.77x
Germany Market PEG Ratio Median Figure of 269 Publicly-Listed Companies 1.56x

*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 Xebec Adsorption, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Xebec Adsorption's assets?
Raw Data
DB:XB6 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CAD CA$-0.01
TSXV:XBC Share Price * TSXV (2019-04-23) in CAD CA$1.42
Germany Machinery Industry PB Ratio Median Figure of 46 Publicly-Listed Machinery Companies 1.83x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.84x
DB:XB6 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:XBC Share Price ÷ Book Value per Share (both in CAD)

= 1.42 ÷ -0.01

-130.51x

* Primary Listing of Xebec Adsorption.

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

  • Xebec Adsorption has negative assets, we can't compare the value of its assets to the DE Machinery industry average.
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Value checks
We assess Xebec Adsorption'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. Xebec Adsorption 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.

Future Performance

 How is Xebec Adsorption 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
101.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Xebec Adsorption expected to grow at an attractive rate?
  • Xebec Adsorption's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Xebec Adsorption's earnings growth is expected to exceed the Germany market average.
  • Xebec Adsorption's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:XB6 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:XB6 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 101.3%
DB:XB6 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 44.9%
Germany Machinery Industry Earnings Growth Rate Market Cap Weighted Average 11.6%
Germany Machinery Industry Revenue Growth Rate Market Cap Weighted Average 5.7%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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:XB6 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:XB6 Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 63 6 8 2
2019-12-31 51 4 5 2
DB:XB6 Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-12-31 20 -3 -3
2018-09-30 21 0 -1
2018-06-30 17 0 -2
2018-03-31 15 -1 -2
2017-12-31 15 -2 0
2017-09-30 15 -3 1
2017-06-30 12 -4 0
2017-03-31 10 -3 -1
2016-12-31 10 -3 -3
2016-09-30 10 -3 -4
2016-06-30 11 -2 -4
2016-03-31 11 -2 -4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Xebec Adsorption's earnings are expected to grow significantly at over 20% yearly.
  • Xebec Adsorption's revenue is expected to grow significantly at over 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:XB6 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Xebec Adsorption Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:XB6 Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.12 0.15 0.08 2.00
2019-12-31 0.08 0.09 0.07 2.00
DB:XB6 Past Financials Data
Date (Data in CAD Millions) EPS *
2018-12-31 -0.07
2018-09-30 -0.03
2018-06-30 -0.05
2018-03-31 -0.04
2017-12-31 0.00
2017-09-30 0.02
2017-06-30 0.01
2017-03-31 -0.03
2016-12-31 -0.07
2016-09-30 -0.09
2016-06-30 -0.10
2016-03-31 -0.11

*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.
  • Unable to establish if Xebec Adsorption will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Xebec Adsorption'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.
Xebec Adsorption has a total score of 5/6, 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.

Past Performance

  How has Xebec Adsorption 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 Xebec Adsorption'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.
  • Xebec Adsorption does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Xebec Adsorption's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Xebec Adsorption's 1-year growth to the DE Machinery industry average as it is not currently profitable.
Earnings and Revenue History
Xebec Adsorption'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 Xebec Adsorption Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:XB6 Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 20.21 -2.90 7.22 0.09
2018-09-30 21.28 -1.34 6.52 0.09
2018-06-30 17.16 -1.89 6.25 0.05
2018-03-31 14.65 -1.85 5.74 -0.04
2017-12-31 14.75 0.10 5.22 -0.03
2017-09-30 14.75 0.90 4.64 0.02
2017-06-30 12.42 0.30 3.86 0.00
2017-03-31 10.44 -1.04 4.15 0.10
2016-12-31 9.59 -2.67 4.35 0.14
2016-09-30 10.32 -3.53 4.87 0.22
2016-06-30 10.57 -4.01 5.51 0.47
2016-03-31 10.71 -4.19 5.37 0.41
2015-12-31 11.35 -3.19 5.22 0.37
2015-09-30 11.24 -1.78 4.75 0.33
2015-06-30 13.52 -0.42 4.83 0.14
2015-03-31 14.84 0.00 5.17 0.11
2014-12-31 14.37 -0.78 5.55 0.22
2014-09-30 13.29 0.18 6.19 0.10
2014-06-30 10.89 0.31 5.99 0.12
2014-03-31 10.11 0.67 5.85 0.09
2013-12-31 11.31 0.40 5.87 0.02
2013-09-30 14.25 -1.18 6.18 0.14
2013-06-30 16.01 -2.41 6.59 0.10
2013-03-31 17.47 -2.61 6.78 0.17
2012-12-31 15.18 1.68 6.50 0.14
2012-09-30 12.12 -0.08 6.06 0.11
2012-06-30 11.38 2.42 5.60 0.19

*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 Xebec Adsorption has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if Xebec Adsorption 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 Xebec Adsorption 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 Xebec Adsorption'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.
Xebec Adsorption 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.

Health

 How is Xebec Adsorption'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 Xebec Adsorption's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Xebec Adsorption is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Xebec Adsorption's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Xebec Adsorption'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.
  • Xebec Adsorption has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
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 Xebec Adsorption Company Filings, last reported 3 months ago.

DB:XB6 Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 -0.62 3.68 2.38
2018-09-30 -3.88 3.64 0.87
2018-06-30 -4.76 3.51 0.62
2018-03-31 -5.65 3.93 1.11
2017-12-31 -4.39 3.68 1.34
2017-09-30 -3.55 3.07 0.36
2017-06-30 -4.23 3.41 0.52
2017-03-31 -4.84 3.44 0.82
2016-12-31 -5.25 1.55 1.09
2016-09-30 -5.35 0.70 1.09
2016-06-30 -4.82 0.73 1.58
2016-03-31 -3.57 0.65 1.91
2015-12-31 -2.96 0.38 2.72
2015-09-30 1.49 0.39 3.52
2015-06-30 -0.52 0.45 0.39
2015-03-31 0.58 0.03 0.36
2014-12-31 0.93 0.19 1.01
2014-09-30 0.57 0.19 0.83
2014-06-30 0.50 0.21 1.27
2014-03-31 1.06 0.46 3.33
2013-12-31 1.96 0.49 2.84
2013-09-30 0.71 0.63 0.58
2013-06-30 0.16 0.66 0.95
2013-03-31 0.61 0.56 1.25
2012-12-31 1.74 0.36 1.34
2012-09-30 1.88 0.22 1.54
2012-06-30 2.42 0.27 1.99
  • Xebec Adsorption has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Xebec Adsorption's debt level has increased considering it has negative shareholder equity.
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.

  • Xebec Adsorption has less than a year of cash runway based on current free cash flow.
  • Xebec Adsorption has less than a year of cash runway if free cash flow continues to reduce at historical rates of -6.3% each year.
X
Financial health checks
We assess Xebec Adsorption'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. Xebec Adsorption has a total score of 2/6, 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.

Dividends

 What is Xebec Adsorption'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
0%
Current annual income from Xebec Adsorption dividends. Estimated to be 0% next year.
If you bought €2,000 of Xebec Adsorption shares you are expected to receive €0 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?
  • Unable to evaluate Xebec Adsorption's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Xebec Adsorption's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:XB6 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%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3%
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 3.7%

Industry and Market average data is calculated daily.

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

DB:XB6 Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00

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

  • Unable to perform a dividend volatility check as Xebec Adsorption has not reported any payouts.
  • Unable to verify if Xebec Adsorption's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Xebec Adsorption's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Xebec Adsorption has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Xebec Adsorption's dividends in 3 years as they are not expected to pay a notable one for Germany.
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Income/ dividend checks
We assess Xebec Adsorption'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 Xebec Adsorption afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Xebec Adsorption has a total score of 0/6, see the detailed checks below.


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

Management

 What is the CEO of Xebec Adsorption'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
Kurt Sorschak
COMPENSATION CA$460,987
AGE 59
TENURE AS CEO 10.3 years
CEO Bio

Mr. Kurt Sorschak serves as the Chief Executive Officer and President of Xebec Adsorption Inc. since 2009 Mr. Sorschak Co-founded Xebec Adsorption Inc. and developed it from a local compressed air and gas dryer manufacturer into an internationally active gas purification company. He played an important role in establishing strong relationships with different universities and laboratories in Canada and the United States of America, for the development of innovative gas purification and liquefaction technologies. From 2004 to 2007, he was the General Manager of the Canadian division of Domnick Hunter’s air dryer manufacturing facility, at that time the largest adsorption dryer plant in North America. In 2005, Mr. Sorschak became the General Manager for the Xebec division of Parker-Hannifin Corporation, a U.S. based multinational, after Parker-Hannifin Corporation bought Domnick Hunter Ltd. In June 2007, he bought the Xebec division from Parker-Hannifin through a management buy-out transaction with two other Partners. He also worked in different Managerial capacities in Europe. He serves as the Chairman of Xebec Adsorption Inc. In 2008, he became the sole Director of Xebec China, which serves the Chinese and Asian/Pacific market with gas purification and filtration equipment. He has been a Director of Xebec Adsorption Inc. since June 2009. Mr. Sorschak obtained an Associate Degree from the American University in Paris, France, in 1982 and a Masters of Law Degree from the University of Munich, Germany, in 1988.

CEO Compensation
  • Kurt's compensation has increased whilst company is loss making.
  • Kurt's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the Xebec Adsorption management team in years:

3.8
Average Tenure
  • The tenure for the Xebec Adsorption management team is about average.
Management Team

Kurt Sorschak

TITLE
Co-Founder
COMPENSATION
CA$461K
AGE
59
TENURE
10.3 yrs

Louis Dufour

TITLE
Chief Financial Officer
COMPENSATION
CA$157K
AGE
62
TENURE
2.5 yrs

Prabhu Rao

TITLE
COO & Director
COMPENSATION
CA$289K
TENURE
2.1 yrs

Peter Cheng

TITLE
General Manager of Xebec Adsorption Shanghai Co Ltd
COMPENSATION
CA$189K
TENURE
5.2 yrs

Sandi Murphy

TITLE
Director of Investor Relations & Communications
Board of Directors Tenure

Average tenure of the Xebec Adsorption board of directors in years:

2.1
Average Tenure
  • The average tenure for the Xebec Adsorption board of directors is less than 3 years, this suggests a new board.
Board of Directors

Kurt Sorschak

TITLE
Co-Founder
COMPENSATION
CA$461K
AGE
59

Prabhu Rao

TITLE
COO & Director
COMPENSATION
CA$289K
TENURE
4 yrs

Bill Beckett

TITLE
Lead Director
COMPENSATION
CA$12K

Joe Petrowski

TITLE
Director
COMPENSATION
CA$5K
AGE
63
TENURE
2.1 yrs

Hubert Sorschak

TITLE
Member of The Advisory Board

Guy Saint-Jacques

TITLE
Director
COMPENSATION
CA$3K
TENURE
1.8 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 (€)
06. Dec 18 Buy Simon Arnsby Individual 05. Dec 18 05. Dec 18 103,000 €0.50 €51,559
05. Dec 18 Buy Simon Arnsby Individual 04. Dec 18 04. Dec 18 10,000 €0.47 €4,672
04. Dec 18 Buy Simon Arnsby Individual 03. Dec 18 03. Dec 18 5,000 €0.47 €2,338
03. Dec 18 Buy Simon Arnsby Individual 30. Nov 18 30. Nov 18 1,231,300 €0.50 €612,888
29. Nov 18 Buy Simon Arnsby Individual 27. Nov 18 28. Nov 18 14,800 €0.45 €6,421
20. Nov 18 Buy Simon Arnsby Individual 20. Nov 18 20. Nov 18 13,500 €0.46 €6,260
15. Nov 18 Buy Simon Arnsby Individual 14. Nov 18 14. Nov 18 2,500 €0.47 €1,168
19. Nov 18 Buy Simon Arnsby Individual 16. Nov 18 16. Nov 18 6,500 €0.47 €3,033
08. Nov 18 Buy Simon Arnsby Individual 07. Nov 18 07. Nov 18 501,300 €0.50 €249,950
11. Oct 18 Buy Simon Arnsby Individual 11. Oct 18 11. Oct 18 21,000 €0.55 €11,551
10. Oct 18 Buy Simon Arnsby Individual 10. Oct 18 10. Oct 18 58,500 €0.55 €32,022
09. Oct 18 Buy Simon Arnsby Individual 04. Oct 18 09. Oct 18 52,850 €0.55 €28,749
05. Oct 18 Buy Simon Arnsby Individual 01. Oct 18 01. Oct 18 12,000 €0.54 €6,475
01. Oct 18 Buy Simon Arnsby Individual 28. Sep 18 28. Sep 18 18,500 €0.53 €9,854
03. Jul 18 Buy Guy Saint-Jacques Individual 28. Jun 18 28. Jun 18 12,987 €0.50 €6,513
26. Apr 18 Buy Simon Arnsby Individual 26. Apr 18 26. Apr 18 3,850 €0.32 €1,235
X
Management checks
We assess Xebec Adsorption'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. Xebec Adsorption 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.

News

Simply Wall St News

Company Info

Description

Xebec Adsorption Inc. provides gas purification, generation, and filtration solutions for the natural gas, field gas, biogas/renewable natural gas, helium, hydrogen, nitrogen, and oxygen markets. It operates through three segments: Clean Technology, Industrial Compressed Air and Gas Treatment, and Oil and Gas. The company designs, develops, builds, sells, and services a range of biogas purification pressure swing adsorption (PSA) systems under the BGX Solutions brand; natural gas dryers for natural gas vehicle refueling stations and natural gas upgrading under the NGX Solutions brand name; hydrogen purification PSA systems under the H2X Solutions brand; and filtration and separation equipment the FSX Solutions brand name. It also offers helium purification systems under the SGX Solutions brand; on-site nitrogen generation systems under the N2X Solutions brand name; associated gas purification systems under the AGX Solutions brand; oxygen purification systems under the O2X Solutions brand name; and compressed air dehydration and purification systems under the ADX Solutions brand. In addition, the company provides compressed air and gas elements under the AMX Solutions brand names; aftermarket parts and accessories; aftermarket adsorbents, such as activated alumina and carbon, molecular sieve, and silica gels; and on-site commissioning, preventive maintenance, repair, upgrading, and technical support services, as well as parts and filter elements replacement services. It operates in Canada, the United States, France, China, Singapore, and internationally. Xebec Adsorption Inc. was founded in 1967 and is headquartered in Blainville, Canada.

Details
Name: Xebec Adsorption Inc.
XB6
Exchange: DB
Founded: 1967
CA$53,933,305
57,526,733
Website: http://www.xebecinc.com
Address: Xebec Adsorption Inc.
730 Boulevard Industriel,
Blainville,
Quebec, J7C 3V4,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV XBC Common Shares TSX Venture Exchange CA CAD 12. Jun 2009
OTCPK XEBE.F Common Shares Pink Sheets LLC US USD 12. Jun 2009
DB XB6 Common Shares Deutsche Boerse AG DE EUR 12. Jun 2009
Number of employees
Current staff
Staff numbers
85
Xebec Adsorption employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 21:25
End of day share price update: 2019/04/23 00:00
Last estimates confirmation: 2019/04/18
Last earnings filing: 2019/04/17
Last earnings reported: 2018/12/31
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.