B4B

MetroXTRA:B4B Stock Report

Market Cap

€3.9b

7D

0.5%

1Y

23.2%

Updated

16 Sep, 2021

Data

Company Financials +
B4B fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance0/6
Financial Health2/6
Dividends3/6

B4B Overview

Metro AG engages in the food wholesale business.

Metro Competitors

Walmart

NYSE:WMT

US$404.4b

Sysco

NYSE:SYY

US$39.3b

Kroger

NYSE:KR

US$30.4b

Aeon

TSE:8267

JP¥2.6t

Price History & Performance

Summary of all time highs, changes and price drops for Metro
Historical stock prices
Current Share Price€10.79
52 Week High€7.35
52 Week Low€11.85
Beta0.82
1 Month Change-7.90%
3 Month Change1.36%
1 Year Change23.20%
3 Year Change-21.19%
5 Year Changen/a
Change since IPO-40.25%

Recent News & Updates

Aug 05
We Think You Can Look Beyond Metro's (ETR:B4B) Lackluster Earnings

We Think You Can Look Beyond Metro's (ETR:B4B) Lackluster Earnings

Soft earnings didn't appear to concern Metro AG's ( ETR:B4B ) shareholders over the last week. We think that the softer...

Jul 19
Are Investors Undervaluing Metro AG (ETR:B4B) By 35%?

Are Investors Undervaluing Metro AG (ETR:B4B) By 35%?

How far off is Metro AG ( ETR:B4B ) from its intrinsic value? Using the most recent financial data, we'll take a look...

Shareholder Returns

B4BDE Consumer RetailingDE Market
7D0.5%-1.2%-0.8%
1Y23.2%7.5%22.4%

Return vs Industry: B4B exceeded the German Consumer Retailing industry which returned 7.8% over the past year.

Return vs Market: B4B matched the German Market which returned 22.5% over the past year.

Price Volatility

Is B4B's price volatile compared to industry and market?
B4B volatility
B4B Beta0.82
Industry Beta0.48
Market Beta1

Stable Share Price: B4B is less volatile than 75% of German stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: B4B's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a88,306Steffen Greubelhttps://www.metroag.de

Metro AG engages in the food wholesale business. It operates 678 wholesale stores under the METRO and MAKRO brands primarily serving the needs of hotels, restaurants, catering companies, and independent retailers, as well as service providers and authorities in Europe and Asia. The company also develops digital solutions and offers food delivery services.

Metro Fundamentals Summary

How do Metro's earnings and revenue compare to its market cap?
B4B fundamental statistics
Market Cap€3.92b
Earnings (TTM)€20.00m
Revenue (TTM)€24.14b

195.8x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
B4B income statement (TTM)
Revenue€24.14b
Cost of Revenue€20.01b
Gross Profit€4.13b
Expenses€4.11b
Earnings€20.00m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Dec 15, 2021

Earnings per share (EPS)0.057
Gross Margin17.12%
Net Profit Margin0.082%
Debt/Equity Ratio267.4%

How did B4B perform over the long term?

See historical performance and comparison

Dividends

6.5%

Current Dividend Yield

1,225%

Payout Ratio

Valuation

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

6.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: B4B (€10.79) is trading below our estimate of fair value (€11.48)

Significantly Below Fair Value: B4B is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: B4B is poor value based on its PE Ratio (195.8x) compared to the European Consumer Retailing industry average (19.6x).

PE vs Market: B4B is poor value based on its PE Ratio (195.8x) compared to the German market (23.3x).


Price to Earnings Growth Ratio

PEG Ratio: B4B is poor value based on its PEG Ratio (2.7x)


Price to Book Ratio

PB vs Industry: B4B is good value based on its PB Ratio (2.1x) compared to the XE Consumer Retailing industry average (2.4x).


Future Growth

How is Metro forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

73.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: B4B's forecast earnings growth (73.3% per year) is above the savings rate (0.01%).

Earnings vs Market: B4B's earnings (73.3% per year) are forecast to grow faster than the German market (12% per year).

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

Revenue vs Market: B4B's revenue (3.5% per year) is forecast to grow slower than the German market (5.7% per year).

High Growth Revenue: B4B's revenue (3.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: B4B's Return on Equity is forecast to be low in 3 years time (13%).


Past Performance

How has Metro performed over the past 5 years?

-34.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: B4B has a large one-off loss of €75.0M impacting its June 30 2021 financial results.

Growing Profit Margin: B4B's current net profit margins (0.08%) are lower than last year (0.3%).


Past Earnings Growth Analysis

Earnings Trend: B4B's earnings have declined by 34.5% per year over the past 5 years.

Accelerating Growth: B4B's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: B4B had negative earnings growth (-75%) over the past year, making it difficult to compare to the Consumer Retailing industry average (17.1%).


Return on Equity

High ROE: B4B's Return on Equity (1.3%) is considered low.


Financial Health

How is Metro's financial position?


Financial Position Analysis

Short Term Liabilities: B4B's short term assets (€4.8B) do not cover its short term liabilities (€6.2B).

Long Term Liabilities: B4B's short term assets (€4.8B) exceed its long term liabilities (€4.7B).


Debt to Equity History and Analysis

Debt Level: B4B's debt to equity ratio (267.4%) is considered high.

Reducing Debt: B4B's debt to equity ratio has increased from 149.7% to 267.4% over the past 5 years.

Debt Coverage: B4B's debt is well covered by operating cash flow (28%).

Interest Coverage: B4B's interest payments on its debt are not well covered by EBIT (2.2x coverage).


Balance Sheet


Dividend

What is Metro current dividend yield, its reliability and sustainability?

6.49%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: B4B's dividend (6.49%) is higher than the bottom 25% of dividend payers in the German market (0.97%).

High Dividend: B4B's dividend (6.49%) is in the top 25% of dividend payers in the German market (3.16%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, B4B has been paying a dividend for less than 10 years.

Growing Dividend: B4B has only been paying a dividend for 4 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (1224.7%), B4B's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: B4B's dividends in 3 years are forecast to be covered by earnings (73.7% payout ratio).


Next Steps

Management

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

1.7yrs

Average management tenure


CEO

Steffen Greubel

0.33

Tenure

Dr. Steffen Greubel serves as Chief Executive Officer and Chairman of Management Board at Metro AG since May 1, 2021. Dr. Greubel served as an Executive Vice President at Würth Group from July 01, 2014 and...


Leadership Team

Experienced Management: B4B's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Members

Experienced Board: B4B's board of directors are considered experienced (4.6 years average tenure).


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

Metro AG's employee growth, exchange listings and data sources


Key Information

  • Name: Metro AG
  • Ticker: B4B
  • Exchange: XTRA
  • Founded: NaN
  • Industry: Food Distributors
  • Sector: Consumer Retailing
  • Market Cap: €3.921b
  • Shares outstanding: 363.10m
  • Website: https://www.metroag.de

Number of Employees


Location

  • Metro AG
  • Metro-Strasse 1
  • Düsseldorf
  • North Rhine-Westphalia
  • 40235
  • Germany

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/16 21:34
End of Day Share Price2021/09/16 00:00
Earnings2021/06/30
Annual Earnings2020/09/30


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.