Einhell Germany (XTRA:EIN3) - Share price, News & Analysis

EIN3 fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	3/6
Past Performance	4/6
Financial Health	3/6
Dividends	3/6

EIN3 Stock Overview

Rewards

Trading at 44.6% below our estimate of its fair value

Earnings are forecast to grow 8.46% per year

Earnings grew by 42.3% over the past year

Risk Analysis

Debt is not well covered by operating cash flow

High level of non-cash earnings

Dividend of 1.43% is not well covered by earnings

Einhell Germany Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Einhell Germany
Historical stock prices
Current Share Price	€181.20
52 Week High	€227.00
52 Week Low	€137.00
Beta	1.09
1 Month Change	-11.61%
3 Month Change	-6.60%
1 Year Change	30.83%
3 Year Change	151.67%
5 Year Change	232.23%
Change since IPO	1,536.07%

Shareholder Returns

	EIN3	DE Consumer Durables	DE Market
7D	1.8%	-2.5%	1.2%
1Y	30.8%	-8.7%	-12.2%

Return vs Industry: EIN3 exceeded the German Consumer Durables industry which returned -8.7% over the past year.

Return vs Market: EIN3 exceeded the German Market which returned -12.2% over the past year.

Price Volatility

Is EIN3's price volatile compared to industry and market?
EIN3 volatility
EIN3 Average Weekly Movement	6.3%
Consumer Durables Industry Average Movement	5.9%
Market Average Movement	6.4%
10% most volatile stocks in DE Market	10.7%
10% least volatile stocks in DE Market	3.5%

Stable Share Price: EIN3 is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: EIN3's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1964	1,800	Andreas Kroiss	https://www.einhell.com

Einhell Germany AG, together with its subsidiaries, develops and distributes solutions for Do-It-Yourself enthusiasts and hobby gardeners for use at home, garden and leisure activities, air-conditioning, and heating products in Europe and internationally. It offers power tools, stationary machines, car tools, cleaning devices, and heaters; lawn movers, scarifiers, trimmers/scythes, hedge trimmers, water pumps, and garden tools; and petrol powered and electronic tools, electric tool accessories, and metal and plastic products, as well as related accessories. The company was founded in 1964 and is headquartered in Landau an der Isar, Germany.

Einhell Germany Fundamentals Summary

How do Einhell Germany's earnings and revenue compare to its market cap?
EIN3 fundamental statistics
Market Cap	€693.73m
Earnings (TTM)	€58.63m
Revenue (TTM)	€927.84m

11.7x

P/E Ratio

0.7x

P/S Ratio

Is EIN3 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
EIN3 income statement (TTM)
Revenue	€927.84m
Cost of Revenue	€594.16m
Gross Profit	€333.68m
Other Expenses	€275.05m
Earnings	€58.63m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

May 25, 2022

Earnings per share (EPS)	15.53
Gross Margin	35.96%
Net Profit Margin	6.32%
Debt/Equity Ratio	53.5%

How did EIN3 perform over the long term?

See historical performance and comparison

Dividends

1.4%

Current Dividend Yield

17%

Payout Ratio

Does EIN3 pay a reliable dividends?

See EIN3 dividend history and benchmarks

When do you need to buy EIN3 by to receive an upcoming dividend?
Einhell Germany dividend dates
Ex Dividend Date	Jun 27 2022
Dividend Pay Date	Jun 29 2022
Days until Ex dividend	41 days
Days until Dividend pay date	43 days

Does EIN3 pay a reliable dividends?

See EIN3 dividend history and benchmarks

Valuation

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

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

44.6%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: EIN3 (€181.2) is trading below our estimate of fair value (€327.11)

Significantly Below Fair Value: EIN3 is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: EIN3 is poor value based on its PE Ratio (11.7x) compared to the German Consumer Durables industry average (9.6x).

PE vs Market: EIN3 is good value based on its PE Ratio (11.7x) compared to the German market (17.3x).

Price to Earnings Growth Ratio

PEG Ratio: EIN3 is poor value based on its PEG Ratio (1.4x)

Price to Book Ratio

PB vs Industry: EIN3 is overvalued based on its PB Ratio (2x) compared to the DE Consumer Durables industry average (1.7x).

Future Growth

How is Einhell Germany forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

8.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: EIN3's forecast earnings growth (8.5% per year) is above the savings rate (-0.05%).

Earnings vs Market: EIN3's earnings (8.5% per year) are forecast to grow faster than the German market (7.9% per year).

High Growth Earnings: EIN3's earnings are forecast to grow, but not significantly.

Revenue vs Market: EIN3's revenue (6.7% per year) is forecast to grow faster than the German market (4.9% per year).

High Growth Revenue: EIN3's revenue (6.7% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: EIN3's Return on Equity is forecast to be low in 3 years time (15.2%).

Past Performance

How has Einhell Germany performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

27.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: EIN3 has a high level of non-cash earnings.

Growing Profit Margin: EIN3's current net profit margins (6.3%) are higher than last year (5.7%).

Past Earnings Growth Analysis

Earnings Trend: EIN3's earnings have grown significantly by 27.8% per year over the past 5 years.

Accelerating Growth: EIN3's earnings growth over the past year (42.3%) exceeds its 5-year average (27.8% per year).

Earnings vs Industry: EIN3 earnings growth over the past year (42.3%) exceeded the Consumer Durables industry 22.2%.

Return on Equity

High ROE: EIN3's Return on Equity (17.6%) is considered low.

Financial Health

How is Einhell Germany's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: EIN3's short term assets (€701.8M) exceed its short term liabilities (€353.5M).

Long Term Liabilities: EIN3's short term assets (€701.8M) exceed its long term liabilities (€137.5M).

Debt to Equity History and Analysis

Debt Level: EIN3's net debt to equity ratio (50.1%) is considered high.

Reducing Debt: EIN3's debt to equity ratio has increased from 20.3% to 53.5% over the past 5 years.

Debt Coverage: EIN3's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: EIN3's interest payments on its debt are well covered by EBIT (53.9x coverage).

Balance Sheet

Dividend

What is Einhell Germany current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

1.43%

Current Dividend Yield

Upcoming Dividend Payment

Dividend Yield vs Market

Notable Dividend: EIN3's dividend (1.43%) is higher than the bottom 25% of dividend payers in the German market (1.37%).

High Dividend: EIN3's dividend (1.43%) is low compared to the top 25% of dividend payers in the German market (4.29%).

Stability and Growth of Payments

Stable Dividend: EIN3's dividend payments have been volatile in the past 10 years.

Growing Dividend: EIN3's dividend payments have increased over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (16.7%), EIN3's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: EIN3 is paying a dividend but the company has no free cash flows.

Next Steps

Explore strong dividend paying companies in the Consumer Durables industry.

Management

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

17.3yrs

Average management tenure

CEO

Andreas Kroiss

19.33yrs

Tenure

Mr. Andreas Kroiss has been the Chairman of the Board of Directors at Einhell Germany AG (former name, Hans Einhell AG) since January 01, 2003. Mr. Kroiss is Managing Director of KA-Invest GmbH, Linz. Mr....

Leadership Team

Experienced Management: EIN3's management team is seasoned and experienced (17.3 years average tenure).

Board Members

Experienced Board: EIN3's board of directors are considered experienced (6.9 years average tenure).

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.

Data	Last Updated (UTC time)
Company Analysis	2022/05/16 00:00
End of Day Share Price	2022/05/16 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31