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Hawesko Holding

XTRA:HAW
Snowflake Description

Excellent balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HAW
XTRA
€324M
Market Cap
  1. Home
  2. DE
  3. Consumer Retailing
Company description

Hawesko Holding AG, together with its subsidiaries, engages in the trading and sale of wines, champagnes, and other alcoholic drinks in Germany, rest of Europe, and internationally. The last earnings update was 161 days ago. More info.


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HAW Share Price and Events
7 Day Returns
2.5%
XTRA:HAW
-0.2%
Europe Consumer Retailing
2.5%
DE Market
1 Year Returns
-26.9%
XTRA:HAW
1.1%
Europe Consumer Retailing
-6.7%
DE Market
HAW Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hawesko Holding (HAW) 2.5% 1.4% -6.8% -26.9% -7.9% -6.5%
Europe Consumer Retailing -0.2% 0% 4.1% 1.1% -5.3% -9%
DE Market 2.5% 3.3% 9.2% -6.7% 9% 13.5%
1 Year Return vs Industry and Market
  • HAW underperformed the Consumer Retailing industry which returned 1.1% over the past year.
  • HAW underperformed the Market in Germany which returned -6.7% over the past year.
Price Volatility
HAW
Industry
5yr Volatility vs Market

Value

 Is Hawesko Holding 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 Hawesko Holding 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 Hawesko Holding.

XTRA:HAW Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5%
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 XTRA:HAW
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Consumer Retailing Unlevered Beta Simply Wall St/ S&P Global 0.47
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.465 (1 + (1- 30%) (15.26%))
0.675
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.8 * 5.96%)
5%

Discounted Cash Flow Calculation for XTRA:HAW using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Hawesko Holding 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.

XTRA:HAW DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 5%)
2019 20.40 Analyst x2 19.43
2020 25.35 Analyst x2 22.99
2021 29.20 Est @ 15.18% 25.23
2022 32.32 Est @ 10.7% 26.60
2023 34.77 Est @ 7.56% 27.24
2024 36.63 Est @ 5.36% 27.34
2025 38.03 Est @ 3.82% 27.03
2026 39.07 Est @ 2.74% 26.45
2027 39.85 Est @ 1.99% 25.69
2028 40.43 Est @ 1.46% 24.83
Present value of next 10 years cash flows €252.84
XTRA:HAW DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €40.43 × (1 + 0.23%) ÷ (5% – 0.23%)
€849.83
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €849.83 ÷ (1 + 5%)10
€521.92
XTRA:HAW Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €252.84 + €521.92
€774.76
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €774.76 / 8.98
€86.24
XTRA:HAW Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in XTRA:HAW represents 1.03039x of DB:HAW
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.03039x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 86.24 x 1.03039
€88.86
Value per share (EUR) From above. €88.86
Current discount Discount to share price of €37.30
= -1 x (€37.30 - €88.86) / €88.86
58%

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

Current Discount
Amount off the current price Hawesko Holding is available for.
Intrinsic value
>50%
Share price is €37.3 vs Future cash flow value of €88.86
Current Discount Checks
For Hawesko Holding to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Hawesko Holding's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Hawesko Holding's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Hawesko Holding's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hawesko Holding's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
XTRA:HAW PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in EUR €1.83
DB:HAW Share Price ** DB (2019-04-18) in EUR €36.2
Europe Consumer Retailing Industry PE Ratio Median Figure of 32 Publicly-Listed Consumer Retailing Companies 19.26x
Germany Market PE Ratio Median Figure of 421 Publicly-Listed Companies 19.69x

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

** Primary Listing of Hawesko Holding.

XTRA:HAW PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= DB:HAW Share Price ÷ EPS (both in EUR)

= 36.2 ÷ 1.83

19.74x

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

  • Hawesko Holding is overvalued based on earnings compared to the Europe Consumer Retailing industry average.
  • Hawesko Holding is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Hawesko Holding's expected growth come at a high price?
Raw Data
XTRA:HAW PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.74x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
16.3%per year
Europe Consumer Retailing Industry PEG Ratio Median Figure of 24 Publicly-Listed Consumer Retailing Companies 1.71x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

XTRA:HAW PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 19.74x ÷ 16.3%

1.21x

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

  • Hawesko Holding is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Hawesko Holding's assets?
Raw Data
XTRA:HAW PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in EUR €10.13
DB:HAW Share Price * DB (2019-04-18) in EUR €36.2
Europe Consumer Retailing Industry PB Ratio Median Figure of 41 Publicly-Listed Consumer Retailing Companies 1.55x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.87x
XTRA:HAW PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= DB:HAW Share Price ÷ Book Value per Share (both in EUR)

= 36.2 ÷ 10.13

3.57x

* Primary Listing of Hawesko Holding.

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

  • Hawesko Holding is overvalued based on assets compared to the Europe Consumer Retailing industry average.
X
Value checks
We assess Hawesko Holding'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 Consumer Retailing 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 Consumer Retailing industry average (and greater than 0)? (1 check)
  5. Hawesko Holding has a total score of 2/6, 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 Hawesko Holding expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

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
16.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hawesko Holding expected to grow at an attractive rate?
  • Hawesko Holding's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Hawesko Holding's earnings growth is expected to exceed the Germany market average.
  • Hawesko Holding's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
XTRA:HAW Future Growth Rates Data Sources
Data Point Source Value (per year)
XTRA:HAW Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 16.3%
XTRA:HAW Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 4.2%
Europe Consumer Retailing Industry Earnings Growth Rate Market Cap Weighted Average 12.2%
Europe Consumer Retailing Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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
XTRA:HAW Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
XTRA:HAW Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 653 2
2022-12-31 633 2
2021-12-31 614 2
2020-12-31 595 31 22 4
2019-12-31 578 29 21 4
2018-12-31 527 21 16 3
XTRA:HAW Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-09-30 512 20 16
2018-06-30 514 15 18
2018-03-31 510 6 18
2017-12-31 508 14 18
2017-09-30 502 14 18
2017-06-30 495 18 17
2017-03-31 486 32 19
2016-12-31 481 29 19
2016-09-30 477 27 19
2016-06-30 478 32 20
2016-03-31 476 32 17
2015-12-31 477 26 12

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hawesko Holding's earnings are expected to grow by 16.3% yearly, however this is not considered high growth (20% yearly).
  • Hawesko Holding's revenue is expected to grow by 4.2% yearly, however this is not considered high growth (20% yearly).
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
XTRA:HAW Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Hawesko Holding Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XTRA:HAW Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31 2.54 2.71 2.36 4.00
2019-12-31 2.35 2.53 2.17 4.00
2018-12-31 1.79 1.84 1.72 4.00
XTRA:HAW Past Financials Data
Date (Data in EUR Millions) EPS *
2018-09-30 1.83
2018-06-30 1.98
2018-03-31 2.06
2017-12-31 2.06
2017-09-30 1.96
2017-06-30 1.94
2017-03-31 2.08
2016-12-31 2.06
2016-09-30 2.13
2016-06-30 2.17
2016-03-31 1.92
2015-12-31 1.36

*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.
  • Hawesko Holding is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Hawesko Holding'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Hawesko Holding has a total score of 3/6, 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 Hawesko Holding performed over the past 5 years?

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 Hawesko Holding's growth in the last year to its industry (Consumer Retailing).
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.
  • Hawesko Holding's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Hawesko Holding's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Hawesko Holding's 1-year earnings growth is negative, it can't be compared to the Europe Consumer Retailing industry average.
Earnings and Revenue History
Hawesko Holding'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 Hawesko Holding Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XTRA:HAW Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 511.67 16.47 111.23
2018-06-30 514.17 17.77 110.13
2018-03-31 510.17 18.47 110.33
2017-12-31 507.77 18.47 109.83
2017-09-30 501.52 17.64 108.87
2017-06-30 494.92 17.44 108.77
2017-03-31 486.42 18.64 108.77
2016-12-31 481.42 18.54 107.57
2016-09-30 476.92 19.12 106.59
2016-06-30 477.92 19.52 97.79
2016-03-31 476.42 17.22 102.39
2015-12-31 477.32 12.22 103.69
2015-09-30 473.50 12.14 94.62
2015-06-30 471.60 10.94 102.72
2015-03-31 471.00 10.34 96.52
2014-12-31 473.20 14.84 96.12
2014-09-30 471.87 16.41 105.65
2014-06-30 467.87 14.81 103.95
2014-03-31 470.17 16.51 103.85
2013-12-31 465.17 16.21 102.75
2013-09-30 457.97 20.15 101.34
2013-06-30 450.77 21.25 98.44
2013-03-31 446.47 21.95 97.34
2012-12-31 446.87 22.55 95.54
2012-09-30 440.10 17.80 92.59
2012-06-30 435.90 19.00 86.39

*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.
  • Hawesko Holding has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Hawesko Holding used its assets more efficiently than the Europe Consumer Retailing industry average last year based on Return on Assets.
  • Hawesko Holding's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Hawesko Holding'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 Consumer Retailing 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.
Hawesko Holding 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 Hawesko Holding'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 Hawesko Holding's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hawesko Holding is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Hawesko Holding's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Hawesko Holding'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 3.4x 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 Hawesko Holding Company Filings, last reported 6 months ago.

XTRA:HAW Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 100.10 49.50 10.20
2018-06-30 99.00 48.40 9.90
2018-03-31 96.50 30.80 8.60
2017-12-31 104.79 20.59 10.74
2017-09-30 94.90 49.40 6.80
2017-06-30 92.20 41.70 8.30
2017-03-31 89.30 28.10 9.10
2016-12-31 94.39 11.94 13.96
2016-09-30 90.20 34.40 7.50
2016-06-30 87.60 25.50 6.80
2016-03-31 82.80 16.70 9.90
2015-12-31 91.32 13.23 14.63
2015-09-30 82.90 37.20 8.70
2015-06-30 80.10 38.40 9.10
2015-03-31 77.70 27.50 7.70
2014-12-31 91.11 17.00 11.33
2014-09-30 82.70 38.30 4.20
2014-06-30 81.20 39.20 5.60
2014-03-31 79.70 22.40 8.60
2013-12-31 92.09 22.34 19.19
2013-09-30 82.50 43.30 5.10
2013-06-30 82.70 43.60 6.80
2013-03-31 78.70 30.10 7.90
2012-12-31 89.74 22.54 12.15
2012-09-30 77.80 40.90 4.40
2012-06-30 76.80 38.40 6.50
  • Hawesko Holding's level of debt (49.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (52.1% vs 49.5% today).
  • Debt is well covered by operating cash flow (41.2%, greater than 20% of total debt).
  • Hawesko Holding earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Hawesko Holding'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. Hawesko Holding has a total score of 5/6, 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 Hawesko Holding'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
3.59%
Current annual income from Hawesko Holding dividends. Estimated to be 3.79% next year.
If you bought €2,000 of Hawesko Holding shares you are expected to receive €72 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?
  • Hawesko Holding's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
  • Hawesko Holding's dividend is below the markets top 25% of dividend payers in Germany (3.74%).
Upcoming dividend payment

Purchase Hawesko Holding before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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
XTRA:HAW 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 4 Analyst Estimates (S&P Global) See Below
Europe Consumer Retailing Industry Average Dividend Yield Market Cap Weighted Average of 34 Stocks 3.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 324 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

XTRA:HAW Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31 1.40 3.00
2019-12-31 1.35 4.00
2018-12-31 1.30 4.00
XTRA:HAW Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2018-04-06 1.300 2.948
2017-03-29 1.300 2.621
2016-04-19 1.300 3.108
2015-04-30 1.300 3.213
2014-04-30 1.650 4.117
2013-04-26 1.650 4.156
2012-03-23 1.600 4.120
2012-01-16 1.600 4.462
2011-06-20 1.500 4.311
2010-06-14 1.350 4.362
2009-04-20 1.200 5.837

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Hawesko Holding's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.8x coverage).
X
Income/ dividend checks
We assess Hawesko Holding's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Hawesko Holding afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hawesko Holding has a total score of 4/6, 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 Hawesko Holding'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
Thorsten Hermelink
COMPENSATION €755,000
AGE 49
TENURE AS CEO 3.3 years
CEO Bio

Mr. Thorsten Hermelink serves as the Chief Executive Officer of Strauss VERWALTUNGS GmbH. Mr. Hermelink has been the Chief Executive Officer of Hawesko Holding AG since December 2015 and has been its Member of Management Board since December 1, 2015. He has been a member and coordinator of the management board of the shoe retailer Ludwig Gortz GmbH since 2012. He served as the Chief Executive Officer of Strauss Innovation GmbH & Co. KG from 2009 to 2011. He was also the member of the management board responsible for Purchasing and Marketing (Non Food International) at Lidl Stiftung Co. KG and head of Product Management and Purchasing (Non Food and New Business Segments) at Tchibo GmbH. He served as Member of Management Board at Görtz Retail GmbH until December 31, 2015. He holds business studies at the University of Lüneburg in 1994 with a Business Administration degree.

CEO Compensation
  • Thorsten's compensation has been consistent with company performance over the past year.
  • Thorsten's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Hawesko Holding management team in years:

3.8
Average Tenure
50
Average Age
  • The tenure for the Hawesko Holding management team is about average.
Management Team

Thorsten Hermelink

TITLE
CEO & Member of Management Board
COMPENSATION
€755K
AGE
49
TENURE
3.3 yrs

Raimund Hackenberger

TITLE
CFO & Member of Management Board
COMPENSATION
€475K
AGE
50
TENURE
2.1 yrs

Alexander Borwitzky

TITLE
Member of Management Board
COMPENSATION
€411K
AGE
50
TENURE
4.3 yrs

Nikolas von Haugwitz

TITLE
Head of Mail Order Segment & Member of Management Board
COMPENSATION
€420K
AGE
50
TENURE
4.3 yrs
Board of Directors Tenure

Average tenure of the Hawesko Holding board of directors in years:

3
Average Tenure
  • The average tenure for the Hawesko Holding board of directors is less than 3 years, this suggests a new board.
Board of Directors

Detlev Meyer

TITLE
Chairman of Supervisory Board
COMPENSATION
€68K
TENURE
4.1 yrs

Thomas Fischer

TITLE
Deputy Chairman of Supervisory Board
COMPENSATION
€40K
AGE
71
TENURE
1.6 yrs

Dres Säcker

TITLE
Member of Supervisory Board
COMPENSATION
€35K
TENURE
4.1 yrs

Kim-Eva Wempe

TITLE
Member of Supervisory Board
COMPENSATION
€29K
TENURE
7.8 yrs

Wilhelm Weil

TITLE
Member of Supervisory Board
COMPENSATION
€16K
TENURE
1.8 yrs

Jörg Haas

TITLE
Member of Supervisory Board
COMPENSATION
€3K
AGE
55
TENURE
1.3 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 Hawesko Holding'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. Hawesko Holding 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

Company Info

Description

Hawesko Holding AG, together with its subsidiaries, engages in the trading and sale of wines, champagnes, and other alcoholic drinks in Germany, rest of Europe, and internationally. It operates through three segments: Omni-Channel, B2B, and Digital. The company operates a network of specialist wine retail shops under the Jacques' Wein-Depot brand name. It sells its products to end customers, various sales channels, catalogues, catering trade, and resellers through specialty retail stores and wholesale operations/distribution, as well as through distance selling primarily under the Hawesko.de and Vinos.de names. As of December 31, 2017, the company operated 306 Jacques' Wein-Depot outlets. The company was founded in 1964 and is headquartered in Hamburg, Germany. Hawesko Holding AG is a subsidiary of Tocos Beteiligung GmbH.

Details
Name: Hawesko Holding AG
HAW
Exchange: XTRA
Founded: 1964
€324,300,848
8,983,403
Website: http://www.hawesko-holding.com
Address: Hawesko Holding AG
Elbkaihaus,
Grosse Elbstrasse 145d,
Hamburg,
Hamburg, 22767,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
DB HAW Bearer Shares Deutsche Boerse AG DE EUR 28. May 1998
XTRA HAW Bearer Shares XETRA Trading Platform DE EUR 28. May 1998
LSE 0ENJ Bearer Shares London Stock Exchange GB EUR 28. May 1998
BATS-CHIXE HAWD Bearer Shares BATS 'Chi-X Europe' GB EUR 28. May 1998
Number of employees
Current staff
Staff numbers
972
Hawesko Holding employees.
Industry
Food Retail
Consumer Retailing
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 21:11
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/08
Last earnings filing: 2018/11/08
Last earnings reported: 2018/09/30
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.