MUN:VFF

Stock Analysis Report

Vereinigte Filzfabriken

Executive Summary

Vereinigte Filzfabriken AG produces and refines felts worldwide.

Snowflake

Fundamentals

Flawless balance sheet with moderate growth potential.

Share Price & News

How has Vereinigte Filzfabriken's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

VFF

0.2%

DE Luxury

1.7%

DE Market


1 Year Return

3.2%

VFF

32.5%

DE Luxury

7.2%

DE Market

Return vs Industry: VFF underperformed the German Luxury industry which returned 32.5% over the past year.

Return vs Market: VFF exceeded the German Market which returned 7.2% over the past year.


Shareholder returns

VFFIndustryMarket
7 Day0%0.2%1.7%
30 Day0%0.6%2.4%
90 Day0%-2.9%2.3%
1 Year5.8%3.2%34.8%32.5%10.6%7.2%
3 Year22.2%12.3%75.5%67.1%18.4%8.1%
5 Year44.8%25.5%247.0%204.2%42.3%22.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Vereinigte Filzfabriken undervalued compared to its fair value and its price relative to the market?

6736842.11x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: VFF (€640) is trading above our estimate of fair value (€270.34)

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


Price To Earnings Ratio

PE vs Industry: VFF is poor value based on its PE Ratio (6736842.1x) compared to the Luxury industry average (23.2x).

PE vs Market: VFF is poor value based on its PE Ratio (6736842.1x) compared to the German market (19x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: VFF is overvalued based on its PB Ratio (9.6x) compared to the DE Luxury industry average (1.4x).


Next Steps

Future Growth

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

42.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: VFF's forecast earnings growth (42.3% per year) is above the savings rate (0.2%).

Earnings vs Market: VFF's earnings (42.3% per year) are forecast to grow faster than the German market (12.7% per year).

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

Revenue vs Market: Insufficient data to determine if VFF's revenue is forecast to grow faster than the German market.

High Growth Revenue: Insufficient data to determine if VFF's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if VFF's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Vereinigte Filzfabriken performed over the past 5 years?

3.0%

Historical annual revenue growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: VFF's earnings have grown by 0% per year over the past 5 years.

Accelerating Growth: VFF's earnings growth over the past year (200%) exceeds its 5-year average (0% per year).

Earnings vs Industry: VFF earnings growth over the past year (200%) exceeded the Luxury industry -2.9%.


Return on Equity

High ROE: VFF's Return on Equity (0%) is considered low.


Return on Assets

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


Return on Capital Employed

ROCE Improving: VFF is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Vereinigte Filzfabriken's financial position?


Financial Position Analysis

Short Term Liabilities: VFF's short term assets (€7.2M) exceeds its short term liabilities (€5.1M)

Long Term Liabilities: VFF's short term assets (7.2M) exceeds its long term liabilities (2.8M)


Debt to Equity History and Analysis

Debt Level: VFF is debt free.

Reducing Debt: VFF has no debt compared to 5 years ago when its debt to equity ratio was 229.7%.

Debt Coverage: VFF has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: VFF has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

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

Debt Coverage by Assets: VFF's debt is not covered by short term assets (assets are -14.6x debt).


Next Steps

Dividend

What is Vereinigte Filzfabriken's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage1.5%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate VFF's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate VFF's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if VFF's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if VFF's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of VFF's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

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


CEO

Vereinigte Filzfabriken has no CEO, or we have no data on them.


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

  • Karl-Ulrich Hömann

    Member of the Management Board

    • Tenure: 0yrs

Board Members

  • Klaus Gröhn

    Vice-Chairman of the Supervisory Board

    • Tenure: 0yrs
  • Martin Schäfer

    Chairman of the Supervisory Board

    • Tenure: 0yrs
  • Oliver Knöpfle

    Employee Representative Member of the Supervisory Board

    • Tenure: 0yrs

Company Information

Vereinigte Filzfabriken AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Vereinigte Filzfabriken AG
  • Ticker: VFF
  • Exchange: MUN
  • Founded: 1858
  • Industry: Textiles
  • Sector: Consumer Durables
  • Market Cap: €20.160m
  • Shares outstanding: 31.50k
  • Website: https://www.vfg.de

Number of Employees


Location

  • Vereinigte Filzfabriken AG
  • Giengener Weg 66
  • Giengen
  • Baden-Württemberg
  • 89537
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VFFMUN (Boerse Muenchen)YesOrdinary SharesDEEURJan 1992
VFFBST (Boerse-Stuttgart)YesOrdinary SharesDEEURJan 1992

Biography

Vereinigte Filzfabriken AG produces and refines felts worldwide. It offers woolen felts, needled felts, shaping and punching parts, and composites; and cutting and shaping services for other materials. The ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/09 20:39
End of Day Share Price2019/07/12 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.