MUN:SCUN

Stock Analysis Report

Executive Summary

Schuler AG, through its subsidiaries, manufactures and supplies metal forming machines, systems, dies, and services.

Snowflake

Excellent balance sheet with questionable track record.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: SCUN's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-5.6%

SCUN

0.1%

DE Machinery

0.8%

DE Market


1 Year Return

-42.5%

SCUN

-10.9%

DE Machinery

9.0%

DE Market

Return vs Industry: SCUN underperformed the German Machinery industry which returned -10.9% over the past year.

Return vs Market: SCUN underperformed the German Market which returned 9% over the past year.


Shareholder returns

SCUNIndustryMarket
7 Day-5.6%0.1%0.8%
30 Day-0.6%8.0%6.3%
90 Day-27.2%12.8%14.4%
1 Year-42.3%-42.5%-8.1%-10.9%12.4%9.0%
3 Year-31.6%-32.4%-7.2%-14.0%25.6%14.5%
5 Year-30.9%-32.2%21.2%7.3%41.0%21.8%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

33.8x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SCUN (€16.9) is trading above our estimate of fair value (€1.36)

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


Price To Earnings Ratio

PE vs Industry: SCUN is poor value based on its PE Ratio (33.8x) compared to the Machinery industry average (15x).

PE vs Market: SCUN is poor value based on its PE Ratio (33.8x) compared to the German market (19.9x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: SCUN is good value based on its PB Ratio (0.9x) compared to the DE Machinery industry average (1.6x).


Next Steps

Future Growth

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

19.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SCUN's forecast earnings growth (19.2% per year) is above the savings rate (0.2%).

Earnings vs Market: SCUN's earnings (19.2% per year) are forecast to grow faster than the German market (12.8% per year).

High Growth Earnings: SCUN's earnings are forecast to grow, but not significantly.

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

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


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has Schuler performed over the past 5 years?

9.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SCUN has high quality earnings.

Growing Profit Margin: SCUN's current net profit margins (1.1%) are lower than last year (5.8%).


Past Earnings Growth Analysis

Earnings Trend: SCUN's earnings have grown by 9.4% per year over the past 5 years.

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

Earnings vs Industry: SCUN had negative earnings growth (-81.3%) over the past year, making it difficult to compare to the Machinery industry average (6.3%).


Return on Equity

High ROE: SCUN's Return on Equity (2.7%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Schuler's financial position?


Financial Position Analysis

Short Term Liabilities: SCUN's short term assets (€785.5M) exceeds its short term liabilities (€540.9M)

Long Term Liabilities: SCUN's short term assets (785.5M) exceeds its long term liabilities (198.0M)


Debt to Equity History and Analysis

Debt Level: SCUN's debt to equity ratio (5.4%) is considered satisfactory

Reducing Debt: SCUN's debt to equity ratio has reduced from 28.5% to 5.4% over the past 5 years.

Debt Coverage: SCUN's debt is well covered by operating cash flow (123.6%).

Interest Coverage: Insufficient data to determine if SCUN's interest payments on its debt are well covered by EBIT.


Balance Sheet

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

Debt Coverage by Assets: SCUN's debt is covered by short term assets (assets are 29.4x debt).


Next Steps

Dividend

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

0.65%

Current Dividend Yield


Dividend Yield vs Market

company0.6%marketbottom25%1.4%markettop25%3.6%industryaverage2.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: SCUN's dividend (0.65%) isn’t notable compared to the bottom 25% of dividend payers in the German market (1.39%).

High Dividend: SCUN's dividend (0.65%) is low compared to the top 25% of dividend payers in the German market (3.64%).


Stability and Growth of Payments

Stable Dividend: SCUN is not paying a notable dividend for the German market, therefore no need to check if payments are stable.

Growing Dividend: SCUN is not paying a notable dividend for the German market, therefore no need to check if payments are 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 SCUN'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 Schuler's salary, the management and board of directors tenure and is there insider trading?

3.0yrs

Average board tenure


CEO

Domenico Iacovelli (43yo)

1.6yrs

Tenure

0

Mr. Domenico Iacovelli has been a Member of Executive Board at Schuler AG since November 08, 2017 and its Chief Executive Officer and Chairman of Executive Board since April 24, 2018. Mr. Iacovelli was Chi ...


Board Age and Tenure

3.0yrs

Average Tenure

66.5yo

Average Age

Experienced Board: SCUN's board of directors are considered experienced (3 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

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


Management Team

  • Peter Jost (55yo)

    COO & Member of the Executive Board

    • Tenure: 6.7yrs
  • Michael Werbs

    Head of Technology Management

    • Tenure: 0yrs
  • Hans-Peter Besuch

    Head of On-Site Assembly & Production Start-Up

    • Tenure: 0yrs
  • Domenico Iacovelli (43yo)

    Chairman of Executive Board & CEO

    • Tenure: 1.6yrs
  • Thomas Kamphausen (57yo)

    CFO & Member of the Executive Board

    • Tenure: 0yrs

Board Members

  • Wolfgang Leitner (66yo)

    Chairman of Supervisory Board

    • Tenure: 6.7yrs
  • Friedrich Papst (67yo)

    Member of Supervisory Board

    • Tenure: 6.6yrs
  • Christian Nowotny (69yo)

    Member of Supervisory Board

    • Tenure: 0yrs
  • Ralf Dieter (58yo)

    Member of Supervisory Board

    • Tenure: 0yrs
  • Renate Gmoser

    Employee Representative Member of Supervisory Board

    • Tenure: 0yrs
  • Ingrid Wolfframm

    Deputy Chairwoman of the Supervisory Board

    • Tenure: 0yrs
  • Karin Haider

    Employee Representative Member of Supervisory Board

    • Tenure: 2.9yrs
  • Marco Oestringer

    Employee Representative Member of Supervisory Board

    • Tenure: 2.9yrs
  • Christian Steffen

    Employee Representative Member of Supervisory Board

    • Tenure: 3.1yrs
  • Holger Fuchs

    Employee Representative Member of Supervisory Board

    • Tenure: 2.6yrs

Company Information

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


Key Information

  • Name: Schuler AG
  • Ticker: SCUN
  • Exchange: MUN
  • Founded: 1839
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: €505.500m
  • Shares outstanding: 29.91m
  • Website: https://www.schulergroup.com

Number of Employees


Location

  • Schuler AG
  • Schuler-Platz 1
  • Göppingen
  • Baden-Württemberg
  • 73033
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SCUNMUN (Boerse Muenchen)YesCommon SharesDEEURJun 2008

Biography

Schuler AG, through its subsidiaries, manufactures and supplies metal forming machines, systems, dies, and services. It operates through eight divisions: Automotive, Automotive New Markets, Hydraulic, Indu ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/12 21:18
End of Day Share Price2019/11/12 00:00
Earnings2018/12/31
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.