XTRA:SUR

Stock Analysis Report

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Executive Summary

Surteco Group SE develops, produces, and sells coated surface materials based on paper and plastic in Germany, rest of Europe, and North and South America. More Details


Snowflake Analysis

Adequate balance sheet with moderate growth potential.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: SUR has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.5%

SUR

1.0%

DE Consumer Durables

-1.9%

DE Market


1 Year Return

8.8%

SUR

20.9%

DE Consumer Durables

0.1%

DE Market

Return vs Industry: SUR underperformed the German Consumer Durables industry which returned 20.9% over the past year.

Return vs Market: SUR exceeded the German Market which returned 0.1% over the past year.


Shareholder returns

SURIndustryMarket
7 Day0.5%1.0%-1.9%
30 Day1.9%0.9%0.4%
90 Day8.0%12.7%-0.5%
1 Year8.8%8.8%23.2%20.9%3.3%0.1%
3 Year-9.6%-14.3%-1.3%-8.3%-0.2%-9.0%
5 Year38.0%21.7%53.8%33.6%21.4%4.0%

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?

7.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SUR (€21.6) is trading below our estimate of fair value (€23.37)

Significantly Below Fair Value: 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 (51.9x) compared to the DE Consumer Durables industry average (36.4x).

PE vs Market: SUR is poor value based on its PE Ratio (51.9x) compared to the German market (22.3x).


Price to Earnings Growth Ratio

PEG Ratio: SUR is poor value based on its PEG Ratio (1.9x)


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 (1.5x).


Next Steps

Future Growth

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

27.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SUR's forecast earnings growth (27.2% per year) is above the savings rate (0.2%).

Earnings vs Market: SUR's earnings (27.2% per year) are forecast to grow faster than the German market (26.7% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: SUR's revenue (4.5% per year) is forecast to grow slower than the German market (6% per year).

High Growth Revenue: SUR's revenue (4.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SUR's Return on Equity is forecast to be low in 3 years time (6.8%).


Next Steps

Past Performance

How has Surteco Group performed over the past 5 years?

-4.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SUR has a large one-off loss of €6.7M impacting its June 30 2020 financial results.

Growing Profit Margin: SUR's current net profit margins (1%) are lower than last year (2.3%).


Past Earnings Growth Analysis

Earnings Trend: SUR's earnings have declined by 4.9% 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 (-60.3%) over the past year, making it difficult to compare to the Consumer Durables industry average (-6%).


Return on Equity

High ROE: SUR's Return on Equity (1.9%) is considered low.


Next Steps

Financial Health

How is Surteco Group's financial position?


Financial Position Analysis

Short Term Liabilities: SUR's short term assets (€295.4M) exceed its short term liabilities (€145.1M).

Long Term Liabilities: SUR's short term assets (€295.4M) exceed its long term liabilities (€291.1M).


Debt to Equity History and Analysis

Debt Level: SUR's debt to equity ratio (74.9%) is considered high.

Reducing Debt: SUR's debt to equity ratio has increased from 50.4% to 74.9% over the past 5 years.

Debt Coverage: SUR's debt is well covered by operating cash flow (29.8%).

Interest Coverage: SUR's interest payments on its debt are well covered by EBIT (5.4x coverage).


Balance Sheet


Next Steps

Dividend

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

2.55%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SUR's dividend (2.55%) is higher than the bottom 25% of dividend payers in the German market (1.25%).

High Dividend: SUR's dividend (2.55%) is low compared to the top 25% of dividend payers in the German market (3.77%).


Stability and Growth of Payments

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 high payout ratio (132.2%), SUR's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SUR's dividends in 3 years are forecast to be well covered by earnings (38.9% payout ratio).


Next Steps

Management

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

1.7yrs

Average board tenure


CEO

Wolfgang Moyses (56 yo)

1

Tenure

€647,500

Compensation

Mr. Wolfgang Moyses has been Chairman of Management Board and Chief Executive Officer at Surteco Group SE since October 1, 2019. Mr. Moyses served as the Chief Executive Officer of Simona AG until August 1 ...


CEO Compensation Analysis

Compensation vs Market: Wolfgang's total compensation ($USD766.45K) is about average for companies of similar size in the German market ($USD1.04M).

Compensation vs Earnings: Wolfgang's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Board Members

NamePositionTenureCompensationOwnership
Christa Linnemann
Honorary Chairwoman of the Supervisory Board16.33yrsno datano data
Christoph Amberger
Deputy Chairman of Supervisory Board1.75yrs€27.00kno data
Jochen Muller
Member of Supervisory Boardno datano datano data
Thomas Stockhausen
Employee Representative Member of Supervisory Board11.33yrs€18.00kno data
Andreas Engelhardt
Chairman of Supervisory Boardno data€34.00kno data
Jens Krazeisen
Employee Representative Member of Supervisory Board4.58yrs€18.00kno data
Tim Fiedler
Member of Supervisory Board1yr€3.90kno data
Heinz-Dieter Stöckler
Employee Representative Supervisory Board Member1.67yrs€16.30kno data
Jörg Wissemann
Member of Supervisory Board1.33yrs€15.70kno data
Tobias Pott
Second Deputy Chairman of Supervisory Board0.75yr€15.70kno data

1.7yrs

Average Tenure

54.5yo

Average Age

Experienced Board: SUR's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.


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.


Top Shareholders

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: €334.924m
  • Shares outstanding: 15.51m
  • Website: https://www.surteco-group.com

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 in Germany, rest of Europe, and North and South America. The company operates through Strategic Business U ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/24 21:49
End of Day Share Price2020/10/23 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.