MUN:NBH

Stock Analysis Report

Executive Summary

Hoftex Group AG, through its subsidiaries, manufactures and sells textile products in Germany and internationally.

Snowflake

Fundamentals

Adequate balance sheet and fair value.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

NBH

2.3%

DE Luxury

-0.3%

DE Market


1 Year Return

-8.7%

NBH

31.5%

DE Luxury

10.9%

DE Market

Return vs Industry: NBH underperformed the German Luxury industry which returned 31.5% over the past year.

Return vs Market: NBH underperformed the German Market which returned 10.9% over the past year.


Shareholder returns

NBHIndustryMarket
7 Day0%2.3%-0.3%
30 Day0%-2.6%2.6%
90 Day-6.5%3.3%11.8%
1 Year-7.0%-8.7%33.6%31.5%14.4%10.9%
3 Year-5.2%-9.4%100.0%89.8%24.1%13.2%
5 Year30.4%20.9%221.0%184.6%33.0%14.8%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

11.55x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: NBH (€11.5) is trading above our estimate of fair value (€8.18)

Significantly Below Fair Value: NBH is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: NBH is good value based on its PE Ratio (11.5x) compared to the Luxury industry average (28.5x).

PE vs Market: NBH is good value based on its PE Ratio (11.5x) compared to the German market (19.9x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: NBH is good value based on its PB Ratio (0.6x) compared to the DE Luxury industry average (1.8x).


Next Steps

Future Growth

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

11.5%

Forecasted Consumer Durables industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Hoftex Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Hoftex Group performed over the past 5 years?

19.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NBH has large one-off items impacting its financial results.

Growing Profit Margin: NBH's current net profit margins (3.2%) are lower than last year (4.3%).


Past Earnings Growth Analysis

Earnings Trend: NBH's earnings have grown by 19.2% per year over the past 5 years.

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

Earnings vs Industry: NBH had negative earnings growth (-30.2%) over the past year, making it difficult to compare to the Luxury industry average (-0.9%).


Return on Equity

High ROE: NBH's Return on Equity (5%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Hoftex Group's financial position?


Financial Position Analysis

Short Term Liabilities: NBH's short term assets (€93.9M) exceeds its short term liabilities (€25.7M)

Long Term Liabilities: NBH's short term assets (€93.9M) exceeds its long term liabilities (63.0M)


Debt to Equity History and Analysis

Debt Level: NBH's debt to equity ratio (63%) is considered high.

Reducing Debt: NBH's debt to equity ratio has increased from 17.9% to 63% over the past 5 years.

Debt Coverage: NBH's debt is well covered by operating cash flow (24%).

Interest Coverage: NBH's interest payments on its debt are well covered by EBIT (5.7x coverage).


Balance Sheet

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

Debt Coverage by Assets: NBH's debt is covered by short term assets (assets are 1.4x debt).


Next Steps

Dividend

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

2.17%

Current Dividend Yield


Dividend Yield vs Market

company2.2%marketbottom25%1.4%markettop25%3.7%industryaverage1.4%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: NBH's dividend (2.17%) is higher than the bottom 25% of dividend payers in the German market (1.4%).

High Dividend: NBH's dividend (2.17%) is low compared to the top 25% of dividend payers in the German market (3.73%).


Stability and Growth of Payments

Stable Dividend: NBH has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: NBH's dividend payments have increased, but the company has only paid a dividend for 7 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (25.1%), NBH's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

4.3yrs

Average board tenure


CEO

Klaus Steger 0

0yrs

Tenure

0

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 Mana ...


Board Age and Tenure

4.3yrs

Average Tenure

Experienced Board: NBH's board of directors are considered experienced (4.3 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

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.9%.


Management Team

  • Klaus Steger

    Chairperson of the Management Board & CEO

    • Tenure: 0yrs
  • Robert Seibold

    CFO & Member of Management Board

    • Tenure: 0.3yrs

Board Members

  • Wolfgang Schmidt

    Employee Representative Member of the Supervisory Board

    • Tenure: 0yrs
  • Martin Steger

    Vice Chairperson of the Supervisory Board

    • Tenure: 4.3yrs
  • Tom Steger

    Chairman of the Supervisory Board

    • Tenure: 1.3yrs
  • York Riedel

    Member of the Supervisory Board

    • Tenure: 4.3yrs
  • Werner Berlet

    Member of the Supervisory Board

    • Tenure: 4.3yrs
  • Renate Dempfle

    Member of the Supervisory Board

    • Tenure: 4.3yrs
  • Carmen Teismann

    Employee Representative Member of the Supervisory Board

    • Tenure: 4.3yrs
  • Johanna Falasa

    Employee Representative Member of the Supervisory Board

    • Tenure: 4yrs
  • Melanie Liebert

    Member of Supervisory Board

    • Tenure: 1.3yrs

Company Information

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


Key Information

  • Name: Hoftex Group AG
  • Ticker: NBH
  • Exchange: MUN
  • Founded: 1869
  • Industry: Textiles
  • Sector: Consumer Durables
  • Market Cap: €62.615m
  • Shares outstanding: 5.44m
  • Website: https://www.hoftexgroup.com

Number of Employees


Location

  • Hoftex Group AG
  • Fabrikzeile 21
  • Hof
  • 95028
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NBHMUN (Boerse Muenchen)YesOrdinary SharesDEEURJan 1992

Biography

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, pap ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/21 20:38
End of Day Share Price2019/11/21 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.