HMSE:FDD

Stock Analysis Report

Pilkington Deutschland

Executive Summary

Pilkington Deutschland AG manufactures, distributes, and sells mirror, technical, and insulating glass products worldwide.


Snowflake Analysis

Flawless balance sheet with questionable track record.

Share Price & News

How has Pilkington Deutschland's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: FDD has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

12.1%

FDD

8.6%

DE Building

9.9%

DE Market


1 Year Return

-2.5%

FDD

-7.6%

DE Building

-17.5%

DE Market

Return vs Industry: FDD exceeded the German Building industry which returned -9.9% over the past year.

Return vs Market: FDD exceeded the German Market which returned -17.7% over the past year.


Shareholder returns

FDDIndustryMarket
7 Day12.1%8.6%9.9%
30 Day-3.5%-11.2%-16.6%
90 Day-5.8%-15.5%-24.8%
1 Year2.2%-2.5%-3.9%-7.6%-15.0%-17.5%
3 Year10.7%-3.7%-3.8%-14.1%-17.4%-24.5%
5 Yearn/a27.1%9.5%-16.6%-28.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Pilkington Deutschland undervalued compared to its fair value and its price relative to the market?

49.64x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate FDD's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate FDD's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: FDD is poor value based on its PE Ratio (49.6x) compared to the Building industry average (15.1x).

PE vs Market: FDD is poor value based on its PE Ratio (49.6x) compared to the German market (16.4x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: FDD is overvalued based on its PB Ratio (4.4x) compared to the DE Building industry average (1x).


Next Steps

Future Growth

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

6.1%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Pilkington Deutschland has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Pilkington Deutschland performed over the past 5 years?

54.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FDD has high quality earnings.

Growing Profit Margin: FDD's current net profit margins (5.6%) are lower than last year (8.5%).


Past Earnings Growth Analysis

Earnings Trend: FDD's earnings have grown significantly by 54.9% per year over the past 5 years.

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

Earnings vs Industry: FDD had negative earnings growth (-37.2%) over the past year, making it difficult to compare to the Building industry average (7.6%).


Return on Equity

High ROE: FDD's Return on Equity (9.7%) is considered low.


Next Steps

Financial Health

How is Pilkington Deutschland's financial position?


Financial Position Analysis

Short Term Liabilities: FDD's short term assets (€287.1M) exceed its short term liabilities (€69.7M).

Long Term Liabilities: FDD's short term assets (€287.1M) exceed its long term liabilities (€161.5M).


Debt to Equity History and Analysis

Debt Level: FDD is debt free.

Reducing Debt: FDD has not had any debt for past 5 years.

Debt Coverage: FDD has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: FDD has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if FDD's debt is covered by short term assets.


Next Steps

Dividend

What is Pilkington Deutschland's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

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


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?


CEO

Pilkington Deutschland has no CEO, or we have no data on them.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Pilkington Deutschland AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Pilkington Deutschland AG
  • Ticker: FDD
  • Exchange: HMSE
  • Founded: 1826
  • Industry: Building Products
  • Sector: Capital Goods
  • Market Cap: €1.057b
  • Shares outstanding: 2.71m
  • Website: https://www.pilkington.com

Number of Employees


Location

  • Pilkington Deutschland AG
  • Haydnstrasse 19
  • Gelsenkirchen
  • North Rhine-Westphalia
  • 45884
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FDDHMSE (Hamburg Stock Exchange)YesOrdinary SharesDEEURJan 1992

Biography

Pilkington Deutschland AG manufactures, distributes, and sells mirror, technical, and insulating glass products worldwide. It manufactures and distributes float glass, glass for the solar industry, semi-finished products, and fire-protection glass products. The company also supplies original equipment for new vehicles and replacement glass for the automotive aftermarket. It serves construction and automobile industries. The company was founded in 1826 and is headquartered in Gelsenkirchen, Germany. Pilkington Deutschland AG is a subsidiary of Pilkington Group Limited. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/30 19:58
End of Day Share Price2020/03/30 00:00
Earnings2019/03/31
Annual Earnings2019/03/31


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.