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Aggreko

DB:4A4B
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
4A4B
DB
£2B
Market Cap
  1. Home
  2. DE
  3. Commercial Services
Company description

Aggreko Plc supplies modular, mobile power, heating, cooling, and related services worldwide. The last earnings update was 49 days ago. More info.


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4A4B Share Price and Events
7 Day Returns
-1.7%
DB:4A4B
1.8%
DE Commercial Services
1%
DE Market
1 Year Returns
17.2%
DB:4A4B
-6.6%
DE Commercial Services
-5.6%
DE Market
4A4B Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Aggreko (4A4B) -1.7% 4.8% 16.5% 17.2% -31.5% -50%
DE Commercial Services 1.8% 3.4% 11.6% -6.6% 4.2% -41.3%
DE Market 1% 6.1% 8.4% -5.6% 10.9% 13.8%
1 Year Return vs Industry and Market
  • 4A4B outperformed the Commercial Services industry which returned -6.6% over the past year.
  • 4A4B outperformed the Market in Germany which returned -5.6% over the past year.
Price Volatility
4A4B
Industry
5yr Volatility vs Market
Related Companies

4A4B Value

 Is Aggreko 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 Aggreko 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 Aggreko.

DB:4A4B Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 12 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:4A4B
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.7%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.74
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.735 (1 + (1- 19%) (35.72%))
0.965
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.96
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.965 * 6.65%)
6.64%

Discounted Cash Flow Calculation for DB:4A4B using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Aggreko 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:4A4B DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 6.64%)
2019 133.93 Analyst x4 125.58
2020 168.60 Analyst x4 148.24
2021 190.88 Analyst x5 157.38
2022 213.00 Analyst x1 164.67
2023 224.00 Analyst x1 162.39
2024 232.05 Est @ 3.59% 157.74
2025 238.05 Est @ 2.58% 151.74
2026 242.52 Est @ 1.88% 144.95
2027 245.87 Est @ 1.38% 137.80
2028 248.42 Est @ 1.04% 130.55
Present value of next 10 years cash flows £1,481.04
DB:4A4B DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= £248.42 × (1 + 0.23%) ÷ (6.64% – 0.23%)
£3,880.17
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £3,880.17 ÷ (1 + 6.64%)10
£2,039.15
DB:4A4B Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £1,481.04 + £2,039.15
£3,520.19
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £3,520.19 / 255.60
£13.77
DB:4A4B Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:4A4B represents 1.1478x of LSE:AGK
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.1478x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 13.77 x 1.1478
€15.81
Value per share (EUR) From above. €15.81
Current discount Discount to share price of €9.69
= -1 x (€9.69 - €15.81) / €15.81
38.7%

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

Current Discount
Amount off the current price Aggreko is available for.
Intrinsic value
39%
Share price is €9.69 vs Future cash flow value of €15.81
Current Discount Checks
For Aggreko to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Aggreko's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Aggreko'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 Aggreko's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Aggreko's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:4A4B PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in GBP £0.49
LSE:AGK Share Price ** LSE (2019-04-24) in GBP £8.44
Europe Commercial Services Industry PE Ratio Median Figure of 105 Publicly-Listed Commercial Services Companies 16.84x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.72x

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

** Primary Listing of Aggreko.

DB:4A4B PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:AGK Share Price ÷ EPS (both in GBP)

= 8.44 ÷ 0.49

17.21x

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

  • Aggreko is overvalued based on earnings compared to the Europe Commercial Services industry average.
  • Aggreko is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Aggreko's expected growth come at a high price?
Raw Data
DB:4A4B PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.21x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts
7.8%per year
Europe Commercial Services Industry PEG Ratio Median Figure of 53 Publicly-Listed Commercial Services Companies 1.39x
Germany Market PEG Ratio Median Figure of 269 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

DB:4A4B PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 17.21x ÷ 7.8%

2.22x

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

  • Aggreko is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Aggreko's assets?
Raw Data
DB:4A4B PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in GBP £5.37
LSE:AGK Share Price * LSE (2019-04-24) in GBP £8.44
Germany Commercial Services Industry PB Ratio Median Figure of 8 Publicly-Listed Commercial Services Companies 2.04x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.87x
DB:4A4B PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:AGK Share Price ÷ Book Value per Share (both in GBP)

= 8.44 ÷ 5.37

1.57x

* Primary Listing of Aggreko.

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

  • Aggreko is good value based on assets compared to the DE Commercial Services industry average.
X
Value checks
We assess Aggreko'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 Commercial Services 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 Commercial Services industry average (and greater than 0)? (1 check)
  5. Aggreko has a total score of 3/6, 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.

4A4B Future Performance

 How is Aggreko expected to perform in the next 1 to 3 years based on estimates from 12 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
7.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Aggreko expected to grow at an attractive rate?
  • Aggreko's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Aggreko's earnings growth is positive but not above the Germany market average.
  • Aggreko's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:4A4B Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:4A4B Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts 7.8%
DB:4A4B Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts 3.3%
Germany Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 31.3%
Germany Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
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:4A4B Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:4A4B Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 2,047 187 1
2022-12-31 1,990 176 1
2021-12-31 1,917 469 151 8
2020-12-31 1,938 488 156 12
2019-12-31 1,787 447 134 11
DB:4A4B Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-12-31 1,760 330 125
2018-09-30 1,791 326 117
2018-06-30 1,808 322 109
2018-03-31 1,769 335 108
2017-12-31 1,730 347 106
2017-09-30 1,663 356 113
2017-06-30 1,609 365 120
2017-03-31 1,562 332 123
2016-12-31 1,515 298 125
2016-09-30 1,490 253 128
2016-06-30 1,465 208 130
2016-03-31 1,513 277 146

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Aggreko's earnings are expected to grow by 7.8% yearly, however this is not considered high growth (20% yearly).
  • Aggreko's revenue is expected to grow by 3.3% 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:4A4B 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 12 Analyst Estimates (S&P Global) See Below

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

DB:4A4B Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 0.74 0.74 0.74 1.00
2022-12-31 0.69 0.69 0.69 1.00
2021-12-31 0.61 0.66 0.55 5.00
2020-12-31 0.62 0.68 0.58 7.00
2019-12-31 0.52 0.56 0.50 6.00
DB:4A4B Past Financials Data
Date (Data in GBP Millions) EPS *
2018-12-31 0.49
2018-09-30 0.46
2018-06-30 0.43
2018-03-31 0.42
2017-12-31 0.42
2017-09-30 0.44
2017-06-30 0.47
2017-03-31 0.48
2016-12-31 0.49
2016-09-30 0.50
2016-06-30 0.51
2016-03-31 0.57

*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.
  • Aggreko is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Aggreko'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.
Aggreko has a total score of 1/6, 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.

4A4B Past Performance

  How has Aggreko 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 Aggreko's growth in the last year to its industry (Commercial Services).
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.
  • Aggreko's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Aggreko's 1-year earnings growth exceeds its 5-year average (17.9% vs -19.1%)
  • Aggreko's earnings growth has exceeded the Europe Commercial Services industry average in the past year (17.9% vs 15.1%).
Earnings and Revenue History
Aggreko'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 Aggreko Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:4A4B Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,760.00 125.00 723.50
2018-09-30 1,790.50 117.00 722.00
2018-06-30 1,808.00 109.00 721.10
2018-03-31 1,769.00 107.50 709.85
2017-12-31 1,730.00 106.00 698.60
2017-09-30 1,663.00 113.00 676.10
2017-06-30 1,609.00 120.00 653.00
2017-03-31 1,562.00 122.50 632.50
2016-12-31 1,515.00 125.00 612.00
2016-09-30 1,490.00 127.50 599.00
2016-06-30 1,465.00 130.00 586.00
2016-03-31 1,513.00 146.00 600.50
2015-12-31 1,561.00 162.00 615.00
2015-09-30 1,575.50 177.50 623.00
2015-06-30 1,590.00 193.00 631.00
2015-03-31 1,583.50 204.00 614.00
2014-12-31 1,577.00 215.00 597.00
2014-09-30 1,579.00 226.50 588.00
2014-06-30 1,581.00 238.00 579.00
2014-03-31 1,577.00 242.00 578.50
2013-12-31 1,573.00 246.00 578.00
2013-09-30 1,591.00 259.50 586.00
2013-06-30 1,609.00 273.00 594.00
2013-03-31 1,596.00 274.50 593.00
2012-12-31 1,583.00 276.00 592.00
2012-09-30 1,537.95 279.50 560.50
2012-06-30 1,492.90 283.00 529.00

*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.
  • Aggreko has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Aggreko used its assets more efficiently than the Europe Commercial Services industry average last year based on Return on Assets.
  • Aggreko's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Aggreko'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 Commercial Services 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.
Aggreko has a total score of 3/6, 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.

4A4B Health

 How is Aggreko'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 Aggreko's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Aggreko is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Aggreko's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Aggreko'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.5x 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 Aggreko Company Filings, last reported 3 months ago.

DB:4A4B Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,367.00 771.00 100.00
2018-09-30 1,367.00 771.00 100.00
2018-06-30 1,298.00 817.00 76.00
2018-03-31 1,298.00 817.00 76.00
2017-12-31 1,317.00 725.00 71.00
2017-09-30 1,317.00 725.00 71.00
2017-06-30 1,312.00 738.00 51.00
2017-03-31 1,312.00 738.00 51.00
2016-12-31 1,368.00 698.00 44.00
2016-09-30 1,368.00 698.00 44.00
2016-06-30 1,251.00 692.00 51.00
2016-03-31 1,251.00 692.00 51.00
2015-12-31 1,115.00 543.00 48.00
2015-09-30 1,115.00 543.00 48.00
2015-06-30 1,059.00 528.00 54.00
2015-03-31 1,059.00 528.00 54.00
2014-12-31 1,078.00 538.00 37.00
2014-09-30 1,078.00 538.00 37.00
2014-06-30 972.00 583.00 38.00
2014-03-31 972.00 583.00 38.00
2013-12-31 1,140.00 409.00 38.00
2013-09-30 1,140.00 409.00 38.00
2013-06-30 1,137.00 594.00 32.00
2013-03-31 1,137.00 594.00 32.00
2012-12-31 1,045.00 629.00 23.00
2012-09-30 1,045.00 629.00 23.00
2012-06-30 926.70 714.70 22.50
  • Aggreko's level of debt (56.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (36.1% vs 56.4% today).
  • Debt is well covered by operating cash flow (42.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.9x coverage).
X
Financial health checks
We assess Aggreko'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. Aggreko has a total score of 4/6, 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.

4A4B Dividends

 What is Aggreko'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
3.21%
Current annual income from Aggreko dividends. Estimated to be 3.31% next year.
If you bought €2,000 of Aggreko shares you are expected to receive €64 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?
  • Aggreko's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
  • Aggreko's dividend is below the markets top 25% of dividend payers in Germany (3.7%).
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:4A4B 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 12 Analyst Estimates (S&P Global) See Below
Germany Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 3.3%
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:4A4B Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.31 1.00
2022-12-31 0.30 1.00
2021-12-31 0.28 9.00
2020-12-31 0.28 13.00
2019-12-31 0.28 12.00
DB:4A4B Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-03-06 0.271 3.447
2018-04-26 0.271 3.596
2017-03-27 0.271 3.241
2017-03-07 0.271 2.996
2016-03-24 0.271 2.689
2016-03-03 0.271 2.603
2015-08-06 0.271 2.888
2015-03-25 0.271 1.810
2015-03-05 0.271 1.726
2014-03-21 0.276 1.713
2014-03-06 0.276 1.712
2013-08-01 0.260 1.545
2013-03-07 0.251 1.354
2012-03-23 0.218 1.013
2012-03-09 0.437 1.818
2011-03-10 0.205 1.053
2010-08-25 0.205 1.244
2010-03-04 0.137 0.952

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

  • Whilst dividend payments have been stable, Aggreko has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Aggreko only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Aggreko's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.2x coverage).
X
Income/ dividend checks
We assess Aggreko'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 Aggreko afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Aggreko has a total score of 3/6, see the detailed checks below.


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

4A4B Management

 What is the CEO of Aggreko'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
Chris Weston
COMPENSATION £1,657,936
AGE 54
TENURE AS CEO 4.3 years
CEO Bio

Mr. Chris Weston has been the Chief Executive Officer of Aggreko plc since January 2, 2015. Mr. Weston served as Managing Director of British Gas Trading Limited until December 31, 2014. Mr. Weston was the Managing Director of International Downstream at Centrica Energy Operations Limited and Centrica plc from July 1, 2013 to December 30, 2014. He served as the Chief Executive Officer and the President of Direct Energy Income Fund since July 2009. He served as the Chief Executive Officer and the President of Direct Energy Business LLC and Direct Energy Marketing Limited from July 1, 2009 to April 1, 2013. Following study, he was responsible for merging three cable operators into Mercury Communications. He served as Managing Director of British Gas Services Limited from June 2005 to June 2010. He served as Managing Director of British Gas Home Services at Centrica plc, since June 2005 and its Managing Director of Centrica Business Services since January 2002 also Managing Director of North America. He served as a Director of Cable & Wireless in Australia since 1997 and then returned in 2000 to Europe as Managing Director of Onetel from 2001 to 2002. He has been a Director of Aggreko plc since January 2015. He has been an Executive Director of Centrica plc, since July 1, 2009. He was a Director of Centrica Energy Operations Limited since July 1, 2009. Mr. Weston served as Direct Energy Income Fund since July 2009. Mr. Weston has a BSc in Applied Science, as well as an MBA and PhD from Imperial College London.

CEO Compensation
  • Chris's compensation has been consistent with company performance over the past year.
  • Chris's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Aggreko management team in years:

3.2
Average Tenure
52
Average Age
  • The tenure for the Aggreko management team is about average.
Management Team

Chris Weston

TITLE
CEO & Director
COMPENSATION
£2M
AGE
54
TENURE
4.3 yrs

Heath Drewett

TITLE
CFO & Director
COMPENSATION
£2M
AGE
52
TENURE
1.3 yrs

Dan Ibbetson

TITLE
Managing Director of Global Products & Technology

Grant Nairn

TITLE
Group Chief Information Officer
TENURE
1.4 yrs

Peter Kennerley

TITLE
Group Legal Director & Company Secretary
AGE
61
TENURE
10.5 yrs

Anna Filipopoulos

TITLE
Group Human Resources Director
TENURE
3 yrs

Ana Amicarella

TITLE
Managing Director of Americas Power Projects
AGE
51
TENURE
5.3 yrs

Stephen Beynon

TITLE
Managing Director of Power Solutions
AGE
52
TENURE
1.9 yrs

Bruce Pool

TITLE
President of Rental Solutions
TENURE
3.3 yrs
Board of Directors Tenure

Average tenure and age of the Aggreko board of directors in years:

3.2
Average Tenure
54
Average Age
  • The tenure for the Aggreko board of directors is about average.
Board of Directors

Ken Hanna

TITLE
Chairman
COMPENSATION
£343K
AGE
64
TENURE
7 yrs

Chris Weston

TITLE
CEO & Director
COMPENSATION
£2M
AGE
54
TENURE
4.3 yrs

Heath Drewett

TITLE
CFO & Director
COMPENSATION
£2M
AGE
52
TENURE
1.3 yrs

Ian Marchant

TITLE
Non-Executive Director
COMPENSATION
£81K
AGE
57
TENURE
5.4 yrs

Barbara Jeremiah

TITLE
Non-Executive Director
COMPENSATION
£77K
AGE
66
TENURE
2.1 yrs

Uwe Krueger

TITLE
Senior Independent Director
COMPENSATION
£64K
AGE
53
TENURE
1 yrs

Diana Layfield

TITLE
Non-Executive Director
COMPENSATION
£61K
TENURE
6.9 yrs

Nicola Brewer

TITLE
Non-Executive Director
COMPENSATION
£61K
TENURE
3.2 yrs

Miles Roberts

TITLE
Non-Executive Director
COMPENSATION
£61K
AGE
53
TENURE
2.1 yrs
Who owns this company?
Recent Insider Trading
  • Aggreko insiders have only sold shares in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
18. Mar 19 Sell Kenneth Hanna Individual 15. Mar 19 15. Mar 19 -3,569 €8.66 €-30,924
X
Management checks
We assess Aggreko'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. Aggreko 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.

4A4B News

Simply Wall St News

4A4B Company Info

Description

Aggreko Plc supplies modular, mobile power, heating, cooling, and related services worldwide. The company operates in three segments: Rental Solutions, Power Solutions – Industrial, and Power Solutions – Utility. It offers power generation products, such as diesel generators, G3+ generators, and gas generators, as well as Solar-diesel hybrid power plants; cooling systems, including cooling towers, chillers, heat exchangers, air handlers, and air conditioners; and desiccant and refrigerated dehumidifiers to prevent metal corrosion, aid processes, preserve equipment on cold stacked offshore rigs, reduce mold and mildew growth during production processes, and dry out water-damaged buildings, as well as to reduce drying times for concrete, insulation, and fireproofing. The company also provides electric heaters, indirect fired heaters, and heat exchangers; and load banks that are used to test generators and turbines, uninterrupted power systems, electrical distribution panels and systems, data center power systems, combined heat and power systems, and simulation of heat loads. In addition, it offers power to government utilities. The company operates 193 sales and service centers. It serves various the agriculture, construction, contracting, data centers, events, facilities management, food and beverage, government services, manufacturing, mining, oil and gas, petrochemical and refining, pharmaceuticals, renewable energy, shipping, telecommunications, and utilities sectors. Aggreko Plc was founded in 1962 and is based in Glasgow, the United Kingdom.

Details
Name: Aggreko Plc
4A4B
Exchange: DB
Founded: 1962
£2,496,937,985
255,600,828
Website: http://www.aggreko.com
Address: Aggreko Plc
120 Bothwell Street,
8th Floor,
Glasgow,
Lanarkshire, G2 7JS,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE AGK Ordinary Shares London Stock Exchange GB GBP 29. Sep 1997
OTCPK ARGK.F Ordinary Shares Pink Sheets LLC US USD 29. Sep 1997
DB 4A4B Ordinary Shares Deutsche Boerse AG DE EUR 29. Sep 1997
BATS-CHIXE AGKL Ordinary Shares BATS 'Chi-X Europe' GB GBP 29. Sep 1997
OTCPK AGGK.Y UNSPONSORD ADR Pink Sheets LLC US USD 11. Jul 2017
Number of employees
Current staff
Staff numbers
6,027
Aggreko employees.
Industry
Diversified Support Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/24 22:05
End of day share price update: 2019/04/24 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/03/06
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.