XTRA:H9Y

Stock Analysis Report

Executive Summary

HanseYachts AG develops, produces, and sells sailing yachts and motorboats in Germany, Spain, France, the United States, the United Kingdom, and internationally.

Snowflake

Fundamentals

High growth potential with worrying balance sheet.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0%

H9Y

-0.9%

DE Leisure

1.4%

DE Market


1 Year Return

-24.7%

H9Y

15.6%

DE Leisure

3.7%

DE Market

Return vs Industry: H9Y underperformed the German Leisure industry which returned 15.6% over the past year.

Return vs Market: H9Y underperformed the German Market which returned 3.7% over the past year.


Shareholder returns

H9YIndustryMarket
7 Day0%-0.9%1.4%
30 Day0%-2.5%1.3%
90 Day-1.7%-3.2%3.4%
1 Year-24.5%-24.7%18.1%15.6%7.0%3.7%
3 Yearn/a61.9%49.3%18.5%8.3%
5 Yearn/a110.7%87.0%42.2%22.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

6.03x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: H9Y (€5.95) is trading above our estimate of fair value (€0.93)

Significantly Undervalued: H9Y is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: H9Y is unprofitable, so we can't compare its PE Ratio to the Leisure industry average.

PE vs Market: H9Y is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate H9Y's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: H9Y is overvalued based on its PB Ratio (6x) compared to the XE Leisure industry average (1.9x).


Next Steps

Future Growth

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

32.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: H9Y is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.2%).

Earnings vs Market: H9Y is forecast to become profitable over the next 3 year, which is considered above average market growth.

High Growth Earnings: H9Y's loss is forecast to worsen by 0% next year.

Revenue vs Market: H9Y's revenue (7.2% per year) is forecast to grow faster than the German market (5% per year).

High Growth Revenue: H9Y's revenue (7.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: H9Y's Return on Equity is forecast to be high in 3 years time (22.1%)


Next Steps

Past Performance

How has HanseYachts performed over the past 5 years?

44.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: H9Y is unprofitable, but has reduced losses over the past 5 years at a rate of 44.2% per year.

Accelerating Growth: Unable to compare H9Y's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: H9Y is unprofitable, making it difficult to compare its past year earnings growth to the Leisure industry (11%).


Return on Equity

High ROE: H9Y has a negative Return on Equity (-0.21%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: H9Y is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: H9Y is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is HanseYachts's financial position?


Financial Position Analysis

Short Term Liabilities: H9Y's short term assets (€49.5M) do not cover its short term liabilities (€61.4M)

Long Term Liabilities: H9Y's short term assets (49.5M) exceeds its long term liabilities (16.1M)


Debt to Equity History and Analysis

Debt Level: H9Y's debt to equity ratio (216.9%) is considered high

Reducing Debt: H9Y's debt to equity ratio has increased from 64.5% to 216.9% over the past 5 years.


Balance Sheet

Inventory Level: H9Y has a high level of physical assets or inventory.

Debt Coverage by Assets: H9Y's debt is covered by short term assets (assets are 2.042120x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Insufficient data to determine if H9Y has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if H9Y has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

  • Explore more healthy companies in the Consumer Durables industry.

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage3.0%forecastin3Years0%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate H9Y's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate H9Y's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if H9Y's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if H9Y'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 H9Y'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 HanseYachts's salary, the management and board of directors tenure and is there insider trading?

7.8yrs

Average management tenure


CEO

Jens Gerhardt (52yo)

7.8yrs

Tenure

0

Dr. Jens Gerhardt has been Chief Executive Officer of HanseYachts AG since January 31, 2012 and has been its Member of Management Board since January 2012 and served as its Head of Sales and Quality. Dr. G ...


Management Age and Tenure

7.8yrs

Average Tenure

Experienced Management: H9Y's management team is seasoned and experienced (7.8 years average tenure).


Board Age and Tenure

4.8yrs

Average Tenure

Experienced Board: H9Y's board of directors are considered experienced (4.8 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


Management Team

  • Michael Schmidt

    • Tenure: 7.8yrs
  • Gregor Bredenbeck

    Production Director

    • Tenure: 0yrs
  • Jens Gerhardt (52yo)

    CEO, Director of Marketing & Quality Assurance and Member of Management Board

    • Tenure: 7.8yrs
  • Sven Göbel (55yo)

    Chief Financial & Production Officer

    • Tenure: 7.3yrs

Board Members

  • Gert Purkert (49yo)

    Chairman of Supervisory Board

    • Tenure: 7.8yrs
  • Alexander Herbst

    Employee Representative Member of Supervisory Board

    • Tenure: 4.4yrs
  • Frank Forster

    Vice Chairman of Supervisory Board

    • Tenure: 7.8yrs
  • Fritz Seemann (49yo)

    Member of Supervisory Board

    • Tenure: 4.8yrs
  • Ronny Riechert

    Employee Representative Member of Supervisory Board

    • Tenure: 4.4yrs
  • Martin Schoefer

    Member of Supervisory Board

    • Tenure: 0yrs

Company Information

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


Key Information

  • Name: HanseYachts AG
  • Ticker: H9Y
  • Exchange: XTRA
  • Founded: 1990
  • Industry: Leisure Products
  • Sector: Consumer Durables
  • Market Cap: €71.546m
  • Shares outstanding: 12.02m
  • Website: https://www.yachts.group

Number of Employees


Location

  • HanseYachts AG
  • Ladebower Chaussee 11
  • Greifswald
  • Mecklenburg-Western Pomerania
  • 17493
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
H9YDB (Deutsche Boerse AG)YesOrdinary SharesDEEURMar 2007
H9YXTRA (XETRA Trading Platform)YesOrdinary SharesDEEURMar 2007

Biography

HanseYachts AG develops, produces, and sells sailing yachts and motorboats in Germany, Spain, France, the United States, the United Kingdom, and internationally. The company offers sailing yachts under the ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 21:25
End of Day Share Price2019/10/18 00:00
Earnings2018/12/31
Annual Earnings2018/06/30


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.