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Hoftex Group

MUN:NBH
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NBH
MUN
€74M
Market Cap
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Last updated 2019/05/19 20:43
Company description

Hoftex Group AG, through its subsidiaries, manufactures and sells textile products in Germany and internationally. The last earnings update was 293 days ago. More info.

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NBH Share Price and Events
7 Day Returns
0.7%
MUN:NBH
0.2%
DE Luxury
-0.2%
DE Market
1 Year Returns
-4.3%
MUN:NBH
20.8%
DE Luxury
-10.3%
DE Market
NBH Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hoftex Group (NBH) 0.7% -0.7% - -4.3% 28.6% 46.6%
DE Luxury 0.2% 7.4% 24.3% 20.8% 107.4% 139.5%
DE Market -0.2% -2.4% 4.2% -10.3% 11.2% 10.8%
1 Year Return vs Industry and Market
  • NBH underperformed the Luxury industry which returned 20.8% over the past year.
  • NBH outperformed the Market in Germany which returned -10.3% over the past year.
Price Volatility
NBH
Industry
5yr Volatility vs Market

Value

 Is Hoftex Group 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 Hoftex Group 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 Hoftex Group.

MUN:NBH Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 7.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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 MUN:NBH
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.722 (1 + (1- 30%) (97.87%)) 		1.145
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)		 1.15
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.145 * 5.96%) 		7.05%

Discounted Cash Flow Calculation for MUN:NBH using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Hoftex Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

MUN:NBH DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 7.05%)
2019 0.76 Est @ -48% 0.71
2020 0.50 Est @ -33.53% 0.44
2021 0.39 Est @ -23.4% 0.31
2022 0.32 Est @ -16.31% 0.25
2023 0.29 Est @ -11.35% 0.20
2024 0.26 Est @ -7.88% 0.18
2025 0.25 Est @ -5.45% 0.15
2026 0.24 Est @ -3.74% 0.14
2027 0.23 Est @ -2.55% 0.13
2028 0.23 Est @ -1.72% 0.12
Present value of next 10 years cash flows €2.62
MUN:NBH DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €0.23 × (1 + 0.23%) ÷ (7.05% – 0.23%) 		€3.38
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €3.38 ÷ (1 + 7.05%)10 		€1.71
MUN:NBH Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €2.62 + €1.71 		€4.33
Equity Value per Share
(EUR)		 = Total value / Shares Outstanding
= €4.33 / 5.44 		€0.8
MUN:NBH Discount to Share Price
Calculation Result
Value per share (EUR) From above. €0.80
Current discount Discount to share price of €13.50
= -1 x (€13.50 - €0.80) / €0.80 		-1597%

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

  • The current share price of Hoftex Group 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 Hoftex Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hoftex Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
MUN:NBH PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in EUR €1.42
MUN:NBH Share Price ** MUN (2019-05-17) in EUR €13.5
Germany Luxury Industry PE Ratio Median Figure of 7 Publicly-Listed Luxury Companies 22.77x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 20.17x

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

** Primary Listing of Hoftex Group.

MUN:NBH PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= MUN:NBH Share Price ÷ EPS (both in EUR)

= 13.5 ÷ 1.42

 9.49x

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

  • Hoftex Group is good value based on earnings compared to the DE Luxury industry average.
  • Hoftex Group is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Hoftex Group's expected growth come at a high price?
Raw Data
MUN:NBH PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.49x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts		 10.1%per year
Europe Luxury Industry PEG Ratio Median Figure of 39 Publicly-Listed Luxury Companies 1.62x
Germany Market PEG Ratio Median Figure of 273 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Hoftex Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Hoftex Group's assets?
Raw Data
MUN:NBH PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in EUR €18.86
MUN:NBH Share Price * MUN (2019-05-17) in EUR €13.5
Germany Luxury Industry PB Ratio Median Figure of 11 Publicly-Listed Luxury Companies 1.38x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.77x
MUN:NBH PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= MUN:NBH Share Price ÷ Book Value per Share (both in EUR)

= 13.5 ÷ 18.86

 0.72x

* Primary Listing of Hoftex Group.

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

  • Hoftex Group is good value based on assets compared to the DE Luxury industry average.
Show me more potentially undervalued companies in the Luxury industry
X
Value checks
We assess Hoftex Group'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. Hoftex Group has a total score of 3/6, 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.

Future Performance

 How is Hoftex Group expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Hoftex Group, future earnings growth has been estimated based on fundamentals.
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
10.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hoftex Group expected to grow at an attractive rate?
  • Hoftex Group's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Hoftex Group's earnings growth is positive but not above the Germany market average.
  • Unable to compare Hoftex Group's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
MUN:NBH Future Growth Rates Data Sources
Data Point Source Value (per year)
MUN:NBH Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 10.1%
Germany Luxury Industry Earnings Growth Rate Market Cap Weighted Average 11.5%
Germany Luxury Industry Revenue Growth Rate Market Cap Weighted Average 6.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*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
MUN:NBH Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (10 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
MUN:NBH Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-06-30 179 19 8
2018-03-31 181 17 7
2017-12-31 183 16 7
2017-09-30 183 18 7
2017-06-30 183 21 6
2017-03-31 182 21 7
2016-12-31 181 22 8
2016-09-30 181 23 8
2016-06-30 181 25 8
2016-03-31 178 24 7
2015-12-31 176 23 6
2015-09-30 175 4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hoftex Group's earnings are expected to grow by 10.1% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Hoftex Group is high growth as no revenue estimate data is available.
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
MUN:NBH Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (10 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Hoftex Group Company Filings, last reported 10 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

MUN:NBH Past Financials Data
Date (Data in EUR Millions) EPS *
2018-06-30 1.42
2018-03-31 1.34
2017-12-31 1.26
2017-09-30 1.21
2017-06-30 1.15
2017-03-31 1.29
2016-12-31 1.43
2016-09-30 1.43
2016-06-30 1.43
2016-03-31 1.28
2015-12-31 1.13
2015-09-30 0.77

*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.
  • Unable to establish if Hoftex Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Hoftex Group'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.
Hoftex Group has a total score of 1/6, 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.

Past Performance

  How has Hoftex Group performed over the past 5 years?

  • Hoftex Group's last earnings update was 293 days ago.
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 Hoftex Group'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.
  • Hoftex Group has delivered over 20% year on year earnings growth in the past 5 years.
  • Hoftex Group's 1-year earnings growth is less than its 5-year average (21.4% vs 26.7%)
  • Hoftex Group's earnings growth has not exceeded the DE Luxury industry average in the past year (21.4% vs 21.4%).
Earnings and Revenue History
Hoftex Group'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 Hoftex Group Company Filings, last reported 10 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

MUN:NBH Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 179.20 7.69 45.70
2018-03-31 180.91 7.26 45.96
2017-12-31 182.61 6.84 46.22
2017-09-30 182.78 6.58 45.89
2017-06-30 182.95 6.33 45.56
2017-03-31 182.17 7.07 44.96
2016-12-31 181.39 7.80 44.36
2016-09-30 180.99 7.79 43.93
2016-06-30 180.60 7.77 43.51
2016-03-31 178.05 6.96 42.93
2015-12-31 175.51 6.15 42.35
2015-09-30 175.45 4.17 42.03
2015-06-30 175.39 2.20 41.72
2015-03-31 180.25 2.87 42.58
2014-12-31 185.10 3.54 43.45
2014-09-30 186.38 1.84 43.91
2014-06-30 187.66 0.14 44.38
2014-03-31 189.06 0.17 44.73
2013-12-31 190.45 0.21 45.08
2013-09-30 191.99 3.39 45.29
2013-06-30 193.53 6.58 45.50
2013-03-31 198.64 6.51 45.38
2012-12-31 203.75 6.44 45.26
2012-09-30 209.43 6.01 44.85
2012-06-30 215.10 5.58 44.45

*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.
  • Hoftex Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Hoftex Group used its assets less efficiently than the DE Luxury industry average last year based on Return on Assets.
  • Hoftex Group has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Hoftex Group'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.
Hoftex Group has a total score of 2/6, 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.

Health

 How is Hoftex Group'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 Hoftex Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hoftex Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Hoftex Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Hoftex Group'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 1.3x 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 Hoftex Group Company Filings, last reported 10 months ago.

MUN:NBH Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 102.70 71.94 12.93
2018-03-31 102.70 71.94 12.93
2017-12-31 97.99 58.96 13.62
2017-09-30 97.99 58.96 13.62
2017-06-30 96.47 0.00 21.63
2017-03-31 96.47 0.00 21.63
2016-12-31 96.40 61.75 20.46
2016-09-30 96.40 61.75 20.46
2016-06-30 94.22 14.00 11.33
2016-03-31 94.22 14.00 11.33
2015-12-31 89.47 56.94 11.98
2015-09-30 89.47 56.94 11.98
2015-06-30 87.49 14.00 4.84
2015-03-31 87.49 14.00 4.84
2014-12-31 82.69 49.25 15.57
2014-09-30 82.69 49.25 15.57
2014-06-30 80.55 14.00 4.72
2014-03-31 80.55 14.00 4.72
2013-12-31 76.23 41.46 2.14
2013-09-30 76.23 41.46 2.14
2013-06-30 82.16 14.00 2.66
2013-03-31 82.16 14.00 2.66
2012-12-31 77.89 45.39 9.19
2012-09-30 77.89 45.39 9.19
2012-06-30 76.09 14.00 7.01
  • Hoftex Group's level of debt (70%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (17.4% vs 70% today).
  • Debt is well covered by operating cash flow (25.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.4x coverage).
Show me more healthy companies in the Luxury industry
X
Financial health checks
We assess Hoftex Group'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. Hoftex Group 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.

Dividends

 What is Hoftex Group'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
1.63%
Current annual income from Hoftex Group dividends.
If you bought €2,000 of Hoftex Group shares you are expected to receive €33 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?
  • Hoftex Group's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.45%).
  • Hoftex Group's dividend is below the markets top 25% of dividend payers in Germany (3.81%).
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
MUN:NBH 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 0 Analyst Estimates (S&P Global) See Below
Germany Luxury Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 1.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 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.

MUN:NBH Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2018-05-29 0.220 1.605
2017-05-24 0.200 1.396
2016-06-01 0.170 1.385
2015-09-04 0.000 0.000
2015-04-24 0.150 1.332
2013-04-24 0.150 1.722
2010-08-05 0.000 0.000
2010-05-13 0.000 0.000
2009-06-30 0.000 0.000

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

  • Whilst dividend payments have been stable, Hoftex Group has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Hoftex Group only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of Hoftex Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (6.5x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Hoftex Group'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 Hoftex Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
    7. Hoftex Group has a total score of 2/6, see the detailed checks below.


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

Management

 What is the CEO of Hoftex Group'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
Klaus Steger
CEO Bio

Mr. Klaus Steger serves as the Chief Executive Officer and Chairperson of the Management Board at Hoftex Group AG (a/k/a, Textilgruppe Hof AG). Mr. Steger serves as the Chairman of ERWO Holding AG and Manager of Südwolle GmbH & Co KG. He served as the Chairman of Supervisory Board at Textilgruppe Hof AG.

CEO Compensation
  • Insufficient data for Klaus to compare compensation growth.
  • Insufficient data for Klaus to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team

Klaus Steger

TITLE
Chairperson of the Management Board & CEO

Robert Seibold

TITLE
CFO & Member of Executive Board
TENURE
0.8 yrs
Board of Directors Tenure

Average tenure of the Hoftex Group board of directors in years:

3.8
Average Tenure
  • The tenure for the Hoftex Group board of directors is about average.
Board of Directors

Tom Steger

TITLE
Chairman of the Supervisory Board
TENURE
1.3 yrs

Martin Steger

TITLE
Vice Chairperson of the Supervisory Board
TENURE
3.8 yrs

Wolfgang Schmidt

TITLE
Employee Representative Member of the Supervisory Board

York Riedel

TITLE
Member of the Supervisory Board
TENURE
3.8 yrs

Werner Berlet

TITLE
Member of the Supervisory Board
TENURE
3.8 yrs

Renate Dempfle

TITLE
Member of the Supervisory Board
TENURE
3.8 yrs

Carmen Teismann

TITLE
Employee Representative Member of the Supervisory Board
TENURE
3.8 yrs

Johanna Falasa

TITLE
Employee Representative Member of the Supervisory Board
TENURE
3.5 yrs

Melanie Liebert

TITLE
Member of Supervisory Board
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Hoftex Group'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. Hoftex Group 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.

News

Simply Wall St News

If You Like EPS Growth Then Check Out Hoftex Group (MUN:NBH) Before It's Too Late

Hoftex Group's Earnings Per Share Are Growing. … One way to double-check a company's growth is to look at how its revenue, and earnings before interest and tax (EBIT) margins are changing. … While Hoftex Group may have maintained EBIT margins over the last year, revenue has fallen.

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How Does Hoftex Group AG (MUN:NBH) Fare As A Dividend Stock?

A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. … Historically, Hoftex Group AG (MUN:NBH) has paid a dividend to shareholders. … Let's dig deeper into whether Hoftex Group should have a place in your portfolio.

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Here’s why Hoftex Group AG’s (MUN:NBH) Returns On Capital Matters So Much

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … What is Return On Capital Employed (ROCE)? … How Do You Calculate Return On Capital Employed

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What To Know Before Buying Hoftex Group AG (MUN:NBH) For Its Dividend

Historically, Hoftex Group AG (MUN:NBH) has paid a dividend to shareholders. … Let's take a look at Hoftex Group in more detail. … Check out our latest analysis for Hoftex Group

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Is Hoftex Group AG (MUN:NBH) A Financially Sound Company?

While small-cap stocks, such as Hoftex Group AG (MUN:NBH) with its market cap of €76.2m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … I believe these basic checks tell most of the story you need to know.

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Has Hoftex Group AG (MUN:NBH) Improved Earnings In Recent Times?

When Hoftex Group AG (MUN:NBH) announced its most recent earnings (31 December 2017), I compared it against two factor: its historical earnings track record, and the performance of its industry peers on average. … Was NBH's recent earnings decline indicative of a tough track record. … NBH's trailing twelve-month earnings (from 31 December 2017) of €6.84m has

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Hoftex Group AG (MUN:NBH): Ex-Dividend Is In 2 Days, Should You Buy?

Have you been keeping an eye on Hoftex Group AG's (MUN:NBH) upcoming dividend of €0.22 per share payable on the 11 July 2018? … Is this future income stream a compelling catalyst for dividend investors to think about the stock as an investment today? … 5 checks you should do on a dividend stock

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Why Hoftex Group AG (MUN:NBH) May Not Be As Efficient As Its Industry

The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … and want to begin learning the link between Hoftex Group AG (MUN:NBH)’s return fundamentals and stock market performance. … Hoftex Group AG’s (MUN:NBH) most recent return on equity was a substandard 6.98% relative to its industry performance of 10.96% over the past year.

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Who Are The Major Shareholders In Hoftex Group AG (MUN:NBH)?

In this article, I will take a quick look at Hoftex Group AG’s (MUN:NBH) recent ownership structure – an unconventional investing subject, but an important one. … See our latest analysis for Hoftex Group MUN:NBH Ownership_summary Jun 5th 18 Institutional Ownership Institutional investors typically buy and sell shares in large magnitudes which can significantly sway the share price, especially when there are relatively small amounts of shares available on the market to trade. … Private Company Ownership Potential investors in NBH should also look at another important group of investors: private companies, with a stake of 84.27%, who are primarily invested because of strategic and capital gain interests.

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Interested In Hoftex Group AG (MUN:NBH)? Here's How It Performed Recently

Today I will examine Hoftex Group AG's (MUN:NBH) latest earnings update (30 June 2017) and compare these figures against its performance over the past couple of years, in addition to how the rest of NBH's industry performed. … View our latest analysis for Hoftex Group Despite a decline, did NBH underperform the long-term trend and the industry? … This shows that whatever uplift the industry is enjoying, Hoftex Group has not been able to realize the gains unlike its industry peers.What does this mean?

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Company Info

Description

Hoftex Group AG, through its subsidiaries, manufactures and sells textile products in Germany and internationally. It offers industrial yarns, elastic and hard core-spun yarns elastic, ring-spun yarns, paper yarns, technical threads, and fabrics, as well as special twisted yarns for the cable industry. The company also develops and manufactures textile products and nonwovens, such as acoustic nonwovens for automotive, construction, and cable industries, as well as apparel sector. In addition, it offers decorative fabrics, decorative pillows, finished and panel curtains, and window coverings. The company was formerly known as Textilgruppe Hof AG and changed its name to Hoftex Group AG in January 2013. Hoftex Group AG was founded in 1869 and is based in Hof, Germany. Hoftex Group AG is a subsidiary of ERWO Holding AG.

Details
Name: Hoftex Group AG
NBH
Exchange: MUN
Founded: 1869
€73,504,800
5,444,800
Website: http://www.hoftexgroup.com
Address: Hoftex Group AG
Fabrikzeile 21,
Hof,
95028,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
MUN NBH Ordinary Shares Boerse Muenchen DE EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
1,136
Hoftex Group employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/19 20:43
End of day share price update: 2019/05/17 00:00
Last earnings filing: 2018/07/30
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


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.

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