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Wolford

XTRA:WOF
Snowflake Description

Adequate balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
WOF
XTRA
€83M
Market Cap
  1. Home
  2. DE
  3. Consumer Durables
Company description

Wolford AG produces and markets legwear, ready-to-wear garments, lingerie, swimwear, accessories, and trading goods in Austria, Germany, France, rest of Europe, North America, and Asia/Oceania. The last earnings update was 40 days ago. More info.


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WOF Share Price and Events
Price Volatility
WOF
Industry
5yr Volatility vs Market
Related Companies

WOF Value

 Is Wolford 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 Wolford 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 Wolford.

XTRA:WOF Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.5%

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 XTRA:WOF
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 9.5%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.79
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.794 (1 + (1- 25%) (35.11%))
1.003
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.54% + (1.003 * 9.46%)
10.03%

Discounted Cash Flow Calculation for XTRA:WOF using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Wolford is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

XTRA:WOF DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (EUR, Millions) 1.80 4.80 8.40 3.40 6.90
Source Analyst x1 Analyst x1 Analyst x1 Analyst x1 Analyst x1
Present Value
Discounted (@ 10.03%)
1.64 3.96 6.31 2.32 4.28
Present value of next 5 years cash flows €18.50
XTRA:WOF DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= €6.90 × (1 + 0.54%) ÷ (10.03% – 0.54%)
€73.11
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= €73.11 ÷ (1 + 10.03%)5
€45.33
XTRA:WOF Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= €18.50 + €45.33
€63.84
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €63.84 / 6.63
€12.32
XTRA:WOF Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in XTRA:WOF represents 1.28x of WBAG:WOL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.28x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 9.63 x 1.28
€12.32
Value per share (EUR) From above. €12.32
Current discount Discount to share price of €16.00
= -1 x (€16.00 - €12.32) / €12.32
-29.8%

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

  • The current share price of Wolford 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 Wolford's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Wolford's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
XTRA:WOF PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-07-31) in EUR €-2.28
WBAG:WOL Share Price ** WBAG (2018-07-20) in EUR €12.5
Germany Luxury Industry PE Ratio Median Figure of 7 Publicly-Listed Luxury Companies 22.53x
Germany Market PE Ratio Median Figure of 407 Publicly-Listed Companies 18.14x

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

** Primary Listing of Wolford.

XTRA:WOF PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= WBAG:WOL Share Price ÷ EPS (both in EUR)

= 12.5 ÷ -2.28

-5.48x

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

  • Wolford is loss making, we can't compare its value to the DE Luxury industry average.
  • Wolford is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Wolford's expected growth come at a high price?
Raw Data
XTRA:WOF PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -5.48x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
111.3%per year
Europe Luxury Industry PEG Ratio Median Figure of 40 Publicly-Listed Luxury Companies 1.74x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.37x

*Line of best fit is calculated by linear regression .

XTRA:WOF PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= -5.48x ÷ 111.3%

-0.05x

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

  • Wolford is loss making, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Wolford's assets?
Raw Data
XTRA:WOF PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-07-31) in EUR €7.12
WBAG:WOL Share Price * WBAG (2018-07-20) in EUR €12.5
Germany Luxury Industry PB Ratio Median Figure of 11 Publicly-Listed Luxury Companies 1.45x
Germany Market PB Ratio Median Figure of 547 Publicly-Listed Companies 1.86x
XTRA:WOF PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= WBAG:WOL Share Price ÷ Book Value per Share (both in EUR)

= 12.5 ÷ 7.12

1.76x

* Primary Listing of Wolford.

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

  • Wolford is overvalued based on assets compared to the DE Luxury industry average.
X
Value checks
We assess Wolford'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 Luxury 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 Luxury industry average (and greater than 0)? (1 check)
  5. Wolford has a total score of 0/6, 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.

WOF Future Performance

 How is Wolford expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
111.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Wolford expected to grow at an attractive rate?
  • Wolford's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Wolford's earnings growth is expected to exceed the Germany market average.
  • Wolford's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
XTRA:WOF Future Growth Rates Data Sources
Data Point Source Value (per year)
XTRA:WOF Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 111.3%
XTRA:WOF Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 3.3%
Germany Luxury Industry Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Luxury Industry Revenue Growth Rate Market Cap Weighted Average 7.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 10.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.4%

*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
XTRA:WOF Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
XTRA:WOF Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-04-30 171 1
2022-04-30 164 1
2021-04-30 159 16 5 1
2020-04-30 154 12 2 1
2019-04-30 150 7 -2 1
XTRA:WOF Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-07-31 145 -1 -12
2018-04-30 149 3 -12
2018-01-31 155 5 -15
2017-10-31 157 4 -16
2017-07-31 156 2 -17
2017-04-30 154 -3 -18
2017-01-31 153 -7 -16
2016-10-31 151 -6 -18
2016-07-31 156 -1 -16
2016-04-30 162 3 -11
2016-01-31 165 6 -3
2015-10-31 164 3 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Wolford's earnings are expected to grow significantly at over 20% yearly.
  • Wolford's revenue is expected to grow by 3.3% yearly, however this is not considered high growth (20% yearly).
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
XTRA:WOF Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Wolford Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XTRA:WOF Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-04-30
2022-04-30
2021-04-30 0.68 0.68 0.68 1.00
2020-04-30 0.28 0.28 0.28 1.00
2019-04-30 -0.26 -0.26 -0.26 1.00
XTRA:WOF Past Financials Data
Date (Data in EUR Millions) EPS *
2018-07-31 -2.28
2018-04-30 -2.35
2018-01-31 -3.13
2017-10-31 -3.34
2017-07-31 -3.41
2017-04-30 -3.64
2017-01-31 -3.35
2016-10-31 -3.62
2016-07-31 -3.28
2016-04-30 -2.17
2016-01-31 -0.56
2015-10-31 -0.25

*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.
  • Wolford is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Wolford'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.
Wolford 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.

WOF Past Performance

  How has Wolford performed over the past 5 years?

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 Wolford's growth in the last year to its industry (Luxury).
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.
  • Wolford does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Wolford's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Wolford's 1-year growth to the DE Luxury industry average as it is not currently profitable.
Earnings and Revenue History
Wolford'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 Wolford Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XTRA:WOF Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-07-31 144.99 -12.19 95.51
2018-04-30 149.07 -11.54 97.34
2018-01-31 154.59 -15.37 98.58
2017-10-31 156.85 -16.43 100.06
2017-07-31 155.75 -16.76 102.48
2017-04-30 154.41 -17.88 103.75
2017-01-31 152.90 -16.44 103.69
2016-10-31 150.93 -17.82 104.70
2016-07-31 156.25 -16.13 103.53
2016-04-30 162.49 -10.66 103.74
2016-01-31 165.05 -2.73 108.41
2015-10-31 164.04 -1.25 107.84
2015-07-31 159.51 -3.01 107.48
2015-04-30 157.44 1.03 106.42
2015-01-31 153.62 -0.10 101.25
2014-10-31 153.75 0.53 100.56
2014-07-31 155.56 3.03 100.03
2014-04-30 155.92 -2.81 100.93
2014-01-31 155.82 -4.19 97.97
2013-10-31 154.78 -4.13 99.24
2013-07-31 155.77 -4.13 99.48
2013-04-30 156.57 -2.76 99.54
2013-01-31 157.17 -2.63 93.38
2012-10-31 157.24 -0.32 92.83
2012-07-31 155.55 0.04 93.25
2012-04-30 154.28 1.26 93.87
2012-01-31 153.46 5.12 93.58
2011-10-31 151.89 4.14 94.71

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

WOF Health

 How is Wolford'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 Wolford's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Wolford is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Wolford's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Wolford'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 2.3x 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 Wolford Company Filings, last reported 2 months ago.

XTRA:WOF Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-07-31 47.19 29.10 7.28
2018-04-30 33.90 34.08 2.73
2018-01-31 42.90 43.18 12.92
2017-10-31 38.23 45.19 4.76
2017-07-31 38.09 42.30 3.13
2017-04-30 44.88 42.86 10.31
2017-01-31 61.65 43.39 9.66
2016-10-31 58.73 45.95 4.15
2016-07-31 59.94 41.46 4.52
2016-04-30 63.81 26.03 3.87
2016-01-31 75.21 24.44 5.78
2015-10-31 73.28 33.20 6.14
2015-07-31 72.47 32.06 4.53
2015-04-30 74.83 23.51 4.79
2015-01-31 79.22 27.97 10.63
2014-10-31 76.22 29.99 7.78
2014-07-31 75.99 25.85 6.38
2014-04-30 74.38 23.16 4.75
2014-01-31 78.95 25.78 9.40
2013-10-31 75.90 35.65 8.76
2013-07-31 73.72 36.55 6.45
2013-04-30 78.15 22.48 5.04
2013-01-31 84.59 23.34 6.65
2012-10-31 81.30 33.73 8.06
2012-07-31 80.88 31.58 4.72
2012-04-30 83.77 20.89 5.29
2012-01-31 88.97 24.37 7.01
2011-10-31 82.64 34.14 7.08
  • Wolford's level of debt (61.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (49.6% vs 61.7% today).
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.

  • Whilst loss making Wolford has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Wolford has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -83.8% per year.
X
Financial health checks
We assess Wolford'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. Wolford 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.

WOF Dividends

 What is Wolford'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
0%
Current annual income from Wolford dividends.
If you bought €2,000 of Wolford shares you are expected to receive €0 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?
  • Unable to evaluate Wolford's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Wolford's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
XTRA:WOF 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 1 Analyst Estimates (S&P Global) See Below
Germany Luxury Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 1.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 322 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

XTRA:WOF Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-04-30
2022-04-30
2021-04-30 0.00 1.00
2020-04-30 0.00 1.00
2019-04-30 0.00 1.00
XTRA:WOF Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2018-09-07 0.000 0.000
2018-07-13 0.000 0.000
2017-08-24 0.200 1.391
2016-09-15 0.200 1.009
2014-03-14 0.000 0.000
2013-12-13 0.000 0.000
2013-12-11 0.000 0.000
2013-09-16 0.000 0.000
2013-09-13 0.000 0.000
2013-06-14 0.000 0.000
2012-09-14 0.400 1.704
2011-09-16 0.400 1.610
2010-08-30 0.200 0.844
2010-07-06 0.200 1.101
2010-03-02 0.000 0.000
2009-11-30 0.000 0.000
2009-11-16 0.000 0.000
2009-08-17 0.000 0.000
2009-06-29 0.000 0.000
2008-12-01 0.430 4.695
2008-10-20 0.430 3.055

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

  • Unable to perform a dividend volatility check as Wolford has not reported any payouts.
  • Unable to verify if Wolford's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Wolford's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Wolford has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Wolford's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Wolford'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 Wolford afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Wolford has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

WOF Management

 What is the CEO of Wolford'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
Axel Dreher, image provided by Google.
Axel Dreher
COMPENSATION €475,000
AGE 53
TENURE AS CEO 1.2 years
CEO Bio

Mr. Axel Dreher has been the Chief Executive Officer and Member of the Management Board at Wolford Aktiengesellschaft since August 1, 2017 and March 1, 2013 respectively. Mr. Dreher served as the Chief Operating Officer at Wolford Aktiengesellschaft. He served as the Chief Financial Officer at Wolford Aktiengesellschaft until August 1, 2017. He served as the Deputy Chief Executive Officer at Wolford Aktiengesellschaft since January 7, 2015. He served as Chief Production Officer, Chief Operating Officer and Chief Technology Officer of Wolford Aktiengesellschaft. Mr. Dreher studied business administration and also received an MBA from the University of Pittsburgh with a major in Finance.

CEO Compensation
  • Axel's compensation has increased whilst company is loss making.
  • Axel's remuneration is higher than average for companies of similar size in Germany.
Management Team

Axel Dreher

TITLE
CEO & Member of Management Board
COMPENSATION
€475K
AGE
53
TENURE
1.2 yrs

Brigitte Kurz

TITLE
CFO & Member of Management Board
AGE
44
TENURE
1.2 yrs
Board of Directors Tenure

Average tenure and age of the Wolford board of directors in years:

0.9
Average Tenure
43
Average Age
  • The average tenure for the Wolford board of directors is less than 3 years, this suggests a new board.
Board of Directors

Jenny Shao

TITLE
Chairwoman of Supervisory Board
AGE
37
TENURE
0.4 yrs

Thomas Dressendörfer

TITLE
Deputy Chairman of Supervisory Board
AGE
60
TENURE
0.4 yrs

Anton Mathis

TITLE
Representative Member of the Supervisory Board
COMPENSATION
€900
AGE
58
TENURE
18.8 yrs

Birgit Wilhelm

TITLE
Member of Supervisory Board
COMPENSATION
€28K
AGE
43
TENURE
12.1 yrs

Christian Medwed

TITLE
Member of Supervisory Board
TENURE
1.4 yrs

Cheng Yun Cheng

TITLE
Member of the Supervisory Board
AGE
42
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Start End Shares Value (USD)
X
Management checks
We assess Wolford'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. Wolford 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.

WOF News

External News
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Simply Wall St News

WOF Company Info

Map
Description

Wolford AG produces and markets legwear, ready-to-wear garments, lingerie, swimwear, accessories, and trading goods in Austria, Germany, France, rest of Europe, North America, and Asia/Oceania. The company provides legwear products, including pantyhose, tights, stay-ups, knee-highs, leggings, and socks; and lingerie comprising bras, briefs, garter belts, and slips. It also offers ready-to-wear products, such as pullovers, dresses, skirts, trousers, tops, coats, and shirts; accessories, including scarves and bracelets; and swimwear consisting of swimbodies and bikinis. The company sells its products through boutiques, partner boutiques, concession shop-in-shops, factory outlets, department stores, multi-brand retail stores, and distribution partners, as well as through franchise, private label, travel retail, and online. As of April 30, 2017, it had 267 monobrand points of sale, including company-owned and partner-operated points of sale. Wolford Aktiengesellschaft was founded in 1950 and is headquartered in Bregenz, Austria. As of May 4, 2018, Wolford Aktiengesellschaft operates as a subsidiary of Fosun Industrial Holdings Limited.

Details
Name: Wolford Aktiengesellschaft
WOF
Exchange: XTRA
Founded: 1950
€82,887,637
6,631,011
Website: http://www.wolford.com
Address: Wolford Aktiengesellschaft
Wolfordstrasse 1,
Bregenz,
Vorarlberg, 6900,
Austria
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WBAG WOL Bearer Shares Wiener Boerse AG AT EUR 14. Feb 1995
DB WOF Bearer Shares Deutsche Boerse AG DE EUR 14. Feb 1995
XTRA WOF Bearer Shares XETRA Trading Platform DE EUR 14. Feb 1995
LSE 0GJA Bearer Shares London Stock Exchange GB EUR 14. Feb 1995
OTCPK WLFD.Y SPONSORED ADR Pink Sheets LLC US USD 22. Apr 1997
Number of employees
Current staff
Staff numbers
1,360
Wolford employees.
Industry
Apparel, Accessories and Luxury Goods
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/10/17 13:42
End of day share price update: 2018/07/20 00:00
Last estimates confirmation: 2018/07/24
Last earnings filing: 2018/09/07
Last earnings reported: 2018/07/31
Last annual earnings reported: 2018/04/30


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.