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Turbon

DB:TUR
Snowflake Description

Adequate balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TUR
DB
€10M
Market Cap
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Last updated 2019/04/22 21:13
Company description

Turbon AG manufactures and distributes imaging supplies worldwide. The last earnings update was 206 days ago. More info.

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  • Turbon has significant price volatility in the past 3 months.
TUR Share Price and Events
7 Day Returns
4.6%
DB:TUR
1.5%
DE Commercial Services
1.8%
DE Market
1 Year Returns
-44.2%
DB:TUR
-8.1%
DE Commercial Services
-6%
DE Market
TUR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Turbon (TUR) 4.6% -10.2% 1.3% -44.2% -84.5% -74%
DE Commercial Services 1.5% 2.8% 9.6% -8.1% 1.3% -41%
DE Market 1.8% 6% 7.8% -6% 10.1% 15.3%
1 Year Return vs Industry and Market
  • TUR underperformed the Commercial Services industry which returned -8.1% over the past year.
  • TUR underperformed the Market in Germany which returned -6% over the past year.
Price Volatility
TUR
Industry
5yr Volatility vs Market

TUR Value

 Is Turbon 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 Turbon 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 Turbon.

DB:TUR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 6.9%
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:TUR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.735 (1 + (1- 30%) (87.15%)) 		1.123
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)		 1.12
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.123 * 5.96%) 		6.92%

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

The calculations below outline how an intrinsic value for Turbon 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:TUR DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.92%)
2019 0.50 Est @ -71.3% 0.47
2020 0.25 Est @ -49.84% 0.22
2021 0.16 Est @ -34.82% 0.13
2022 0.12 Est @ -24.31% 0.10
2023 0.10 Est @ -16.95% 0.07
2024 0.09 Est @ -11.79% 0.06
2025 0.08 Est @ -8.19% 0.05
2026 0.08 Est @ -5.66% 0.05
2027 0.08 Est @ -3.9% 0.04
2028 0.07 Est @ -2.66% 0.04
Present value of next 10 years cash flows €1.23
DB:TUR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €0.07 × (1 + 0.23%) ÷ (6.92% – 0.23%) 		€1.11
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €1.11 ÷ (1 + 6.92%)10 		€0.57
DB:TUR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €1.23 + €0.57 		€1.80
Equity Value per Share
(EUR)		 = Total value / Shares Outstanding
= €1.80 / 3.29 		€0.55
DB:TUR Discount to Share Price
Calculation Result
Value per share (EUR) From above. €0.55
Current discount Discount to share price of €3.18
= -1 x (€3.18 - €0.55) / €0.55 		-481.5%

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

  • The current share price of Turbon 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 Turbon's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Turbon's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:TUR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in EUR €-2.28
DB:TUR Share Price ** DB (2019-04-18) in EUR €3.18
Europe Commercial Services Industry PE Ratio Median Figure of 105 Publicly-Listed Commercial Services Companies 16.64x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.59x

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

** Primary Listing of Turbon.

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

= DB:TUR Share Price ÷ EPS (both in EUR)

= 3.18 ÷ -2.28

 -1.39x

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

  • Turbon is loss making, we can't compare its value to the Europe Commercial Services industry average.
  • Turbon is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Turbon's expected growth come at a high price?
Raw Data
DB:TUR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.39x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts		 41.5%per year
Europe Commercial Services Industry PEG Ratio Median Figure of 54 Publicly-Listed Commercial Services Companies 1.39x
Germany Market PEG Ratio Median Figure of 270 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 Turbon, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Turbon's assets?
Raw Data
DB:TUR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in EUR €4.96
DB:TUR Share Price * DB (2019-04-18) in EUR €3.18
Germany Commercial Services Industry PB Ratio Median Figure of 8 Publicly-Listed Commercial Services Companies 2.03x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.84x
DB:TUR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= DB:TUR Share Price ÷ Book Value per Share (both in EUR)

= 3.18 ÷ 4.96

 0.64x

* Primary Listing of Turbon.

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

  • Turbon is good value based on assets compared to the DE Commercial Services industry average.
X
Value checks
We assess Turbon'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. Turbon has a total score of 1/6, 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.

TUR Future Performance

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

  • No analysts cover Turbon, future earnings growth has been estimated based on fundamentals.
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
41.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Turbon expected to grow at an attractive rate?
  • Turbon's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Turbon's earnings growth is expected to exceed the Germany market average.
  • Unable to compare Turbon's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:TUR Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:TUR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 41.5%
Germany Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 31.2%
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:TUR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:TUR Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-06-30 81 3 -8
2018-03-31 84 -8
2017-12-31 89 5 -4
2017-09-30 94 -3
2017-06-30 95 2 -2
2017-03-31 96 3
2016-12-31 97 5 4
2016-09-30 98 6
2016-06-30 101 13 6
2016-03-31 104 12 6
2015-12-31 107 12 6
2015-09-30 108 11 5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Turbon's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Turbon is high growth as no revenue estimate data is available.
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:TUR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Turbon Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:TUR Past Financials Data
Date (Data in EUR Millions) EPS *
2018-06-30 -2.28
2018-03-31 -2.28
2017-12-31 -1.13
2017-09-30 -0.85
2017-06-30 -0.65
2017-03-31
2016-12-31 1.09
2016-09-30
2016-06-30 1.92
2016-03-31 1.84
2015-12-31 1.88
2015-09-30 1.51

*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 Turbon will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Show me more growth companies in the Commercial Services industry
X
Future performance checks
We assess Turbon'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.
Turbon has a total score of 3/6, 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.

TUR Past Performance

  How has Turbon performed over the past 5 years?

  • Turbon's last earnings update was 206 days ago.
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 Turbon'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.
  • Turbon does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Turbon's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Turbon's 1-year growth to the Europe Commercial Services industry average as it is not currently profitable.
Earnings and Revenue History
Turbon'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 Turbon Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:TUR Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 81.13 -7.52 18.72
2018-03-31 84.03 -7.52 24.83
2017-12-31 89.23 -3.71 20.12
2017-09-30 94.34 -2.81 33.74
2017-06-30 94.79 -2.13 19.90
2017-03-31 96.13 2.82 18.88
2016-12-31 96.62 3.60 18.28
2016-09-30 97.98 5.75 19.69
2016-06-30 100.59 6.32 19.09
2016-03-31 103.99 6.07 19.64
2015-12-31 107.16 6.19 19.69
2015-09-30 108.15 4.98 19.28
2015-06-30 111.45 5.71 19.15
2015-03-31 111.87 7.26 18.84
2014-12-31 107.93 7.00 18.31
2014-09-30 99.58 6.25 16.69
2014-06-30 91.23 5.45 15.41
2014-03-31 81.64 3.37 13.81
2013-12-31 75.36 3.21 12.36
2013-09-30 77.35 3.35 12.30
2013-06-30 78.66 3.19 12.18
2013-03-31 81.90 3.68 12.15
2012-12-31 84.90 4.06 12.31
2012-09-30 84.48 4.13 11.97
2012-06-30 83.34 4.27 11.74

*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 Turbon has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Turbon has efficiently used its assets last year compared to the Europe Commercial Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Turbon 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 Turbon'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.
Turbon 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.

TUR Health

 How is Turbon'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 Turbon's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Turbon is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Turbon's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Turbon'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.
  • Debt is covered by short term assets, assets are 4.5x 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 Turbon Company Filings, last reported 9 months ago.

DB:TUR Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 19.46 9.13 1.89
2018-03-31 19.46 9.13 1.89
2017-12-31 24.01 16.53 3.43
2017-09-30 24.01 16.53 3.43
2017-06-30 23.34 21.36 6.05
2017-03-31 29.46 18.72 2.94
2016-12-31 29.46 18.72 2.94
2016-09-30 29.18 0.00
2016-06-30 29.03 19.46 4.25
2016-03-31 32.07 18.76 6.66
2015-12-31 31.84 18.61 5.40
2015-09-30 27.98 19.10 4.51
2015-06-30 27.71 19.29 3.72
2015-03-31 34.32 19.58 9.21
2014-12-31 30.28 19.92 8.15
2014-09-30 28.96 20.27 5.47
2014-06-30 25.45 20.61 5.10
2014-03-31 27.79 20.95 7.12
2013-12-31 26.84 21.29 10.28
2013-09-30 26.58 17.63 4.28
2013-06-30 26.07 22.79 9.73
2013-03-31 28.14 22.94 11.81
2012-12-31 26.68 18.09 8.14
2012-09-30 26.52 7.63 7.96
2012-06-30 24.58 9.97 7.65
  • Turbon's level of debt (46.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (87.2% vs 46.9% today).
  • Debt is well covered by operating cash flow (33%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on Turbon's debt are well covered by earnings due to lack of past financial data.
Show me more healthy companies in the Commercial Services industry
X
Financial health checks
We assess Turbon'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. Turbon 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.

TUR Dividends

 What is Turbon'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
18.87%
Current annual income from Turbon dividends.
If you bought €2,000 of Turbon shares you are expected to receive €377 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?
  • Turbon's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • Turbon's dividend is above the markets top 25% of dividend payers in Germany (3.71%).
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:TUR 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 0 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:TUR Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2017-05-10 0.600 8.060
2016-04-22 1.500 8.985
2015-04-23 2.000 10.777
2014-08-14 0.600 4.349
2014-04-17 0.600 4.570
2013-04-19 0.600 6.149
2012-03-30 0.600 6.077
2011-05-18 0.500 5.643
2011-04-20 0.500 5.287
2010-08-18 0.400 5.727
2010-04-30 0.400 5.904
2009-04-23 0.250 6.180

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Turbon's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Turbon has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Turbon'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 Turbon afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
    7. Turbon 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.

TUR Management

 What is the CEO of Turbon'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
Holger Brückmann-Turbon
COMPENSATION €84,000
CEO Bio

Mr. Holger Brückmann-Turbon is Chairman of the Management Board at Turbon AG. He has been Managing Director of HBT Holdings GmbH, Cologne since January 1, 2009. Mr. Brückmann-Turbon served as the Chief Executive Officer of German office supplies group Turbon AG until December 31, 2006. Mr. Brückmann-Turbon served as the Chairman of the Executive Board of Turbon AG and a Member of the Executive Board until December 31, 2006. Mr. Brückmann-Turbon served as the Chairman of Supervisory Board of Turbon AG. He served as a Member of the Advisory Board at Gothaer Versicherungsbank Vvag from January 2009 to December 31, 2009. Mr. Brückmann-Turbon served as a Member of Supervisory Board of Turbon AG since February 13, 2007.

CEO Compensation
  • Insufficient data for Holger to compare compensation growth.
  • Holger's remuneration is lower than average for companies of similar size in Germany.
Management Team

Holger Brückmann-Turbon

TITLE
Chairman of the Management Board
COMPENSATION
€84K

Michael Pages

TITLE
Member of the Management Board
COMPENSATION
€186K
TENURE
15 yrs

Simon Mccouaig

TITLE
Member of the Management Board
COMPENSATION
€246K
Board of Directors Tenure

Average tenure of the Turbon board of directors in years:

5.8
Average Tenure
  • The tenure for the Turbon board of directors is about average.
Board of Directors

Holger Stabenau

TITLE
Chairman of the Supervisory Board
COMPENSATION
€219K

Thomas Hertrich

TITLE
Vice-Chairman of the Supervisory Board
COMPENSATION
€9K
TENURE
5.9 yrs

Dietmar Kirsch

TITLE
Member of the Supervisory Board
COMPENSATION
€6K

Girolamo Cacciatore

TITLE
Member of the Supervisory Board
COMPENSATION
€6K

Paul-Dieter Häpp

TITLE
Member of the Supervisory Board
COMPENSATION
€6K
TENURE
5.8 yrs

Heinz Vogel

TITLE
Member of the Supervisory Board
COMPENSATION
€6K
TENURE
2.8 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 (€)
X
Management checks
We assess Turbon'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. Turbon 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.

TUR News

Simply Wall St News

Why Turbon AG's (FRA:TUR) CEO Pay Matters To You

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Holger Brückmann-Turbon's Compensation Compare With Similar Sized Companies. … Our data indicates that Turbon AG is worth €10m, and total annual CEO compensation is €84k.

Simply Wall St - –

How Much Of Turbon AG (FRA:TUR) Do Insiders Own?

Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … With a market capitalization of €12m, Turbon is a small cap stock, so it might not be well known by many institutional investors. … Our analysis of the ownership of the company, below, shows that.

Simply Wall St - –

Did You Manage To Avoid Turbon's Devastating 81% Share Price Drop?

So take a moment to sympathize with the long term shareholders of Turbon AG (FRA:TUR), who have seen the share price tank a massive 81% over a three year period. … And over the last year the share price fell 57%, so we doubt many shareholders are delighted. … Turbon saw its share price decline over the three years in which its EPS also dropped, falling to a loss.

Simply Wall St - –

Does Turbon AG (FRA:TUR) Have A High Beta?

Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St - –

What Percentage Of Turbon AG (FRA:TUR) Shares Do Insiders Own?

A look at the shareholders of Turbon AG (FRA:TUR) can tell us which group is most powerful. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.'.

Simply Wall St - –

What does Turbon AG's (FRA:TUR) Balance Sheet Tell Us About Its Future?

Investors are always looking for growth in small-cap stocks like Turbon AG (FRA:TUR), with a market cap of €12m. … However, an important fact which most ignore is: how financially healthy is the business? … the current state of its operations and pathway to profitability.

Simply Wall St - –

What You Must Know About Turbon AG's (FRA:TUR) Major Investors

Today, I will be analyzing Turbon AG’s (FRA:TUR) recent ownership structure, an important but not-so-popular subject among individual investors. … The implications of these institutions’ actions can either benefit or hinder individual investors, so it is important to understand the ownership composition of your stock investment. … Therefore, it is beneficial for us to examine TUR's ownership structure in more detail.

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Is Turbon AG's (FRA:TUR) Balance Sheet Strong Enough To Weather A Storm?

While small-cap stocks, such as Turbon AG (FRA:TUR) with its market cap of €22.08m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

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Who Are Turbon AG's (FRA:TUR) Major Shareholders?

Check out our latest analysis for Turbon DB:TUR Ownership_summary May 8th 18 Insider Ownership I find insiders are another important group of stakeholders, who are directly involved in making key decisions related to the use of capital. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions. … Next Steps: A relatively significant holding of company insiders could mean high alignment with shareholders.

Simply Wall St - –

Turbon AG (FRA:TUR): How Does It Impact Your Portfolio?

Turbon’s beta of 0.85 indicates that the company is less volatile relative to the diversified market portfolio. … Based on this beta value, TUR appears to be a stock that an investor with a high-beta portfolio would look for to reduce risk exposure to the market. … However, this is the opposite to what TUR’s actual beta value suggests, which is lower stock volatility relative to the market.

Simply Wall St - –

TUR Company Info

Description

Turbon AG manufactures and distributes imaging supplies worldwide. It offers laser toner cartridges and remanufactured toner cartridges. The company serves distribution and reseller channel partners under the IBM, Evergreen, Keymax, and Premium/PrintMaster brand names. Turbon AG is based in Hattingen, Germany.

Details
Name: Turbon AG
TUR
Exchange: DB
Founded:
€10,477,791
3,294,903
Website: http://www.turbon.de
Address: Turbon AG
Ruhrdeich 10,
Hattingen,
North Rhine-Westphalia, 45525,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
DB TUR Registered Shares Deutsche Boerse AG DE EUR 30. Jul 1992
Number of employees
Current staff
Staff numbers
971
Turbon employees.
Industry
Office Services and Supplies
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/22 21:13
End of day share price update: 2019/04/18 00:00
Last earnings filing: 2018/09/28
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


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.

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