XTRA:SUR

Stock Analysis Report

Executive Summary

Surteco Group SE develops, produces, and sells coated surface materials based on paper and plastic worldwide.

Snowflake

Fundamentals

Good value with adequate balance sheet and pays a dividend.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-3.5%

SUR

-1.3%

DE Consumer Durables

1.4%

DE Market


1 Year Return

-6.6%

SUR

-6.6%

DE Consumer Durables

3.7%

DE Market

Return vs Industry: SUR matched the German Consumer Durables industry which returned -6.6% over the past year.

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


Shareholder returns

SURIndustryMarket
7 Day-3.5%-1.3%1.4%
30 Day-9.6%-3.1%1.8%
90 Day-17.4%-10.2%3.4%
1 Year-4.6%-6.6%-4.4%-6.6%7.0%3.7%
3 Year-4.7%-12.6%-12.5%-19.6%18.5%8.3%
5 Year-3.8%-17.8%27.0%9.9%42.2%22.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

23.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: SUR (€19.98) is trading below our estimate of fair value (€26.24)

Significantly Undervalued: SUR is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: SUR is poor value based on its PE Ratio (19.1x) compared to the Consumer Durables industry average (16.9x).

PE vs Market: SUR is good value based on its PE Ratio (19.1x) compared to the German market (19.3x).


Price to Earnings Growth Ratio

Low PEG Ratio: SUR is good value based on its PEG Ratio (1x)


Price to Book Ratio

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


Next Steps

Future Growth

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

19.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

Earnings vs Market: SUR's earnings (19.2% per year) are forecast to grow faster than the German market (12.6% per year).

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

Revenue vs Market: SUR's revenue (0.5% per year) is forecast to grow slower than the German market (5% per year).

High Growth Revenue: SUR's revenue (0.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: SUR's Return on Equity is forecast to be low in 3 years time (8.2%).


Next Steps

Past Performance

How has Surteco Group performed over the past 5 years?

2.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: SUR's earnings have grown by 2.1% per year over the past 5 years.

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

Earnings vs Industry: SUR had negative earnings growth (-48.2%) over the past year, making it difficult to compare to the Consumer Durables industry average (-21.1%).


Return on Equity

High ROE: SUR's Return on Equity (4.6%) is considered low.


Return on Assets

ROA vs Industry: SUR's Return on Assets is below or equal to the Consumer Durables industry average last year.


Return on Capital Employed

ROCE Improving: SUR's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Surteco Group's financial position?


Financial Position Analysis

Short Term Liabilities: SUR's short term assets (€361.0M) exceeds its short term liabilities (€192.6M)

Long Term Liabilities: SUR's short term assets (361.0M) exceeds its long term liabilities (319.5M)


Debt to Equity History and Analysis

Debt Level: SUR's debt to equity ratio (88%) is considered high

Reducing Debt: SUR's debt to equity ratio has increased from 52.4% to 88% over the past 5 years.

Debt Coverage: SUR's debt is well covered by operating cash flow (25.4%).

Interest Coverage: SUR's interest payments on its debt are well covered by EBIT (4.9x coverage).


Balance Sheet

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

Debt Coverage by Assets: SUR's debt is covered by short term assets (assets are 1.147440x debt).


Next Steps

Dividend

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

2.75%

Current Dividend Yield


Dividend Yield vs Market

company2.8%marketbottom25%1.5%markettop25%3.8%industryaverage3.3%forecastin3Years4.6%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: SUR's dividend (2.75%) is higher than the bottom 25% of dividend payers in the German market (1.46%).

High Dividend: SUR's dividend (2.75%) is low compared to the top 25% of dividend payers in the German market (3.8%).

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (52.6%), SUR's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SUR's dividends in 3 years are forecast to be well covered by earnings (47.6% payout ratio).


Next Steps

Management

What is the CEO of Surteco Group's salary, the management and board of directors tenure and is there insider trading?

2.2yrs

Average board tenure


CEO

Wolfgang Moyses (55yo)

0yrs

Tenure

€31,000

Compensation

Mr. Wolfgang Moyses served as the Chief Executive Officer of Simona AG until August 15, 2019. Mr. Moyses served as the Chairman of the Management Board at Simona AG from September 30, 2011 to August 15, 20 ...


Board Age and Tenure

2.2yrs

Average Tenure

55yo

Average Age

Experienced Board: SUR's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.


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

  • Wolfgang Moyses (55yo)

    CEO & Chairman of Management Board

    • Tenure: 0yrs
    • Compensation: €31.00k
  • Andreas Riedl (50yo)

    CFO & Member of the Board of Management

    • Tenure: 0yrs
    • Compensation: €530.00k

Board Members

  • Wolfgang Moyses (55yo)

    CEO & Chairman of Management Board

    • Tenure: 0yrs
    • Compensation: €31.00k
  • Christa Linnemann

    Honorary Chairwoman of the Supervisory Board

    • Tenure: 15.3yrs
  • Jürgen Großmann

    Chairman of Supervisory Board

    • Tenure: 16.8yrs
    • Compensation: €52.00k
  • Christoph Amberger (62yo)

    Deputy Chairman of Supervisory Board

    • Tenure: 0.8yrs
    • Compensation: €22.00k
  • Thomas Stockhausen (49yo)

    Member of Supervisory Board

    • Tenure: 10.3yrs
    • Compensation: €22.00k
  • Andreas Engelhardt

    Deputy Chairman of Supervisory Board

    • Tenure: 0.8yrs
    • Compensation: €11.20k
  • Jens Krazeisen (40yo)

    Member of Supervisory Board

    • Tenure: 3.6yrs
    • Compensation: €22.00k
  • Heinz-Dieter Stöckler (62yo)

    Supervisory Board Member

    • Tenure: 0.7yrs
  • Jörg Wissemann (55yo)

    Member of Supervisory Board

    • Tenure: 0.3yrs
  • Tobias Pott (43yo)

    Member of Supervisory Board

    • Tenure: 0.3yrs

Company Information

Surteco Group SE's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Surteco Group SE
  • Ticker: SUR
  • Exchange: XTRA
  • Founded:
  • Industry: Home Furnishings
  • Sector: Consumer Durables
  • Market Cap: €309.805m
  • Shares outstanding: 15.51m
  • Website: https://www.ir.surteco.de

Number of Employees


Location

  • Surteco Group SE
  • Johan-Viktor-Bausch-Strasse 2
  • Buttenwiesen
  • Bavaria
  • 86647
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SURDB (Deutsche Boerse AG)YesBearer SharesDEEUROct 1999
SURXTRA (XETRA Trading Platform)YesBearer SharesDEEUROct 1999
0HHILSE (London Stock Exchange)YesBearer SharesGBEUROct 1999
SURDBATS-CHIXE (BATS 'Chi-X Europe')YesBearer SharesGBEUROct 1999
SURSWX (SIX Swiss Exchange)YesBearer SharesCHCHFOct 1999

Biography

Surteco Group SE develops, produces, and sells coated surface materials based on paper and plastic worldwide. The company operates through two segments, Strategic Business Unit (SBU) Paper and SBU Plastics ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/18 20:51
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
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.