MUN:VFF

Stock Analysis Report

Vereinigte Filzfabriken

Executive Summary

Vereinigte Filzfabriken AG produces and refines felts worldwide.


Snowflake Analysis

Flawless balance sheet with acceptable track record.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

VFF

18.9%

DE Luxury

9.1%

DE Market


1 Year Return

14.6%

VFF

-4.0%

DE Luxury

-13.1%

DE Market

Return vs Industry: VFF exceeded the German Luxury industry which returned -7.8% over the past year.

Return vs Market: VFF exceeded the German Market which returned -14.3% over the past year.


Shareholder returns

VFFIndustryMarket
7 Day0%18.9%9.1%
30 Day0%7.8%-1.0%
90 Day-0.7%-27.1%-20.7%
1 Year17.5%14.6%-2.5%-4.0%-10.6%-13.1%
3 Year41.8%30.3%25.7%19.8%-10.7%-18.1%
5 Year59.5%38.2%135.9%109.0%-10.7%-22.8%

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?

7421052.63x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: VFF (€705) is trading above our estimate of fair value (€280.73)

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 (7421052.6x) compared to the Luxury industry average (21.3x).

PE vs Market: VFF is poor value based on its PE Ratio (7421052.6x) compared to the German market (17.1x).


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 (10.5x) compared to the DE Luxury industry average (1.3x).


Next Steps

Future Growth

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

8.6%

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 Vereinigte Filzfabriken 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 Vereinigte Filzfabriken performed over the past 5 years?

3.0%

Historical annual revenue growth


Earnings and Revenue History

Quality Earnings: VFF has a large one-off gain of €382.3K impacting its June 30 2019 financial results.

Growing Profit Margin: VFF's current net profit margins (0%) are lower than last year (0%).


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 -1%.


Return on Equity

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


Next Steps

Financial Health

How is Vereinigte Filzfabriken's financial position?


Financial Position Analysis

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

Long Term Liabilities: VFF's short term assets (€7.2M) exceed 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


Next Steps

Dividend

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


Dividend Yield vs Market

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.


Stability and Growth of Payments

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

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


CEO

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


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

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: €22.208m
  • 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 provides its products under the VFG MATPROTEX, VFG SEALTEX, VFG MULTITEX, VFG DESIGN FELT, VFG PIANO FELT, lineTEC, and VFG Weapon Care No. 1 brands. It serves piano makers and machinists, and interior architects and designers, as well as companies in the automobile, electrical, construction, and steel industries. The company was founded in 1858 and is headquartered in Giengen, Germany. Vereinigte Filzfabriken AG is a subsidiary of Wirth Fulda Gmbh. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/10 00:40
End of Day Share Price2020/04/09 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.