DB:MSH

Stock Analysis Report

WASGAU Produktions & Handels

Executive Summary

WASGAU Produktions & Handels AG engages in the food retail business.


Snowflake Analysis

Questionable track record and overvalued.

Share Price & News

How has WASGAU Produktions & Handels's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

MSH

-1.6%

DE Consumer Retailing

0.5%

DE Market


1 Year Return

-16.1%

MSH

-1.2%

DE Consumer Retailing

15.5%

DE Market

Return vs Industry: MSH underperformed the German Consumer Retailing industry which returned 4.8% over the past year.

Return vs Market: MSH underperformed the German Market which returned 17.1% over the past year.


Shareholder returns

MSHIndustryMarket
7 Day0%-1.6%0.5%
30 Day-5.6%-3.1%1.4%
90 Day-6.8%-1.7%5.3%
1 Year-15.5%-16.1%2.7%-1.2%19.2%15.5%
3 Year15.2%11.9%2.2%-8.0%15.7%5.5%
5 Year60.9%52.8%11.2%-5.9%27.3%10.1%

Price Volatility Vs. Market

How volatile is WASGAU Produktions & Handels's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is WASGAU Produktions & Handels undervalued compared to its fair value and its price relative to the market?

42.16x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MSH (€15.1) is trading above our estimate of fair value (€9.51)

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


Price To Earnings Ratio

PE vs Industry: MSH is poor value based on its PE Ratio (42.2x) compared to the Consumer Retailing industry average (19.2x).

PE vs Market: MSH is poor value based on its PE Ratio (42.2x) compared to the German market (20.6x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: MSH is good value based on its PB Ratio (1.2x) compared to the XE Consumer Retailing industry average (1.6x).


Next Steps

Future Growth

How is WASGAU Produktions & Handels forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

15.4%

Forecasted Consumer Retailing 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 WASGAU Produktions & Handels 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 WASGAU Produktions & Handels performed over the past 5 years?

9.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MSH has high quality earnings.

Growing Profit Margin: MSH's current net profit margins (0.4%) are lower than last year (0.8%).


Past Earnings Growth Analysis

Earnings Trend: MSH's earnings have grown by 9.1% per year over the past 5 years.

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

Earnings vs Industry: MSH had negative earnings growth (-42.2%) over the past year, making it difficult to compare to the Consumer Retailing industry average (0.5%).


Return on Equity

High ROE: MSH's Return on Equity (2.9%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is WASGAU Produktions & Handels's financial position?


Financial Position Analysis

Short Term Liabilities: MSH's short term assets (€75.3M) exceed its short term liabilities (€59.7M).

Long Term Liabilities: MSH's short term assets (€75.3M) do not cover its long term liabilities (€168.5M).


Debt to Equity History and Analysis

Debt Level: MSH's debt to equity ratio (207.8%) is considered high.

Reducing Debt: MSH's debt to equity ratio has increased from 99.7% to 207.8% over the past 5 years.

Debt Coverage: MSH's debt is not well covered by operating cash flow (11.7%).

Interest Coverage: MSH's interest payments on its debt are not well covered by EBIT (2.5x coverage).


Balance Sheet

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

Debt Coverage by Assets: MSH's debt is not covered by short term assets (assets are 0.4x debt).


Next Steps

Dividend

What is WASGAU Produktions & Handels's current dividend yield, its reliability and sustainability?

0.79%

Current Dividend Yield


Dividend Yield vs Market

company0.8%marketbottom25%1.4%markettop25%3.5%industryaverage3.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: MSH's dividend (0.79%) isn’t notable compared to the bottom 25% of dividend payers in the German market (1.38%).

High Dividend: MSH's dividend (0.79%) is low compared to the top 25% of dividend payers in the German market (3.53%).


Stability and Growth of Payments

Stable Dividend: MSH's dividend payments have been volatile in the past 10 years.

Growing Dividend: MSH's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (33.5%), MSH'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 WASGAU Produktions & Handels's salary, the management and board of directors tenure and is there insider trading?


CEO

Niko Johns 0

4yrs

Tenure

0

Mr. Niko Johns has been Chairman of The Management Board at WASGAU Produktions & Handels AG since January 1, 2016 and has been its Member since March 1, 2015. Mr. Johns serves as Head of Personnel, Finance ...


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 not been meaningfully diluted in the past year.


Management Team

  • Eugen Heim

    Member of the Management Board

    • Niko Johns

      Chair of Management Board and Head of Personnel

      • Tenure: 4yrs

    Board Members

    • Roland Pelka

      Member of Supervisory Board

      • Lionel Souque (48yo)

        Member of Supervisory Board

        • Martin Küssner

          Chairman of the Supervisory Board

          • Tenure: 4yrs
        • Christian Hornbach

          Member of Supervisory Board

          • Thomas Gampfer

            Member of the Supervisory Board

            • Brigitte Jung

              Member of the Supervisory Board

              • Hanno Rieger

                Member of Supervisory Board

                • Mario Sontheimer

                  Vice-Chairman of the Supervisory Board

                  • Ramona Hingst

                    Employee Representative Member of the Supervisory Board

                    • Peter Hornbach

                      Vice-Chairman of the Supervisory Board

                      Company Information

                      WASGAU Produktions & Handels AG's company bio, employee growth, exchange listings and data sources


                      Key Information

                      • Name: WASGAU Produktions & Handels AG
                      • Ticker: MSH
                      • Exchange: DB
                      • Founded: 1925
                      • Industry: Food Retail
                      • Sector: Consumer Retailing
                      • Market Cap: €99.660m
                      • Shares outstanding: 6.60m
                      • Website: https://www.wasgau-ag.de

                      Number of Employees


                      Location

                      • WASGAU Produktions & Handels AG
                      • Blocksbergstrasse 183
                      • Pirmasens
                      • 66955
                      • Germany

                      Listings

                      TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
                      MSHDB (Deutsche Boerse AG)YesCommon StockDEEUROct 2001

                      Biography

                      WASGAU Produktions & Handels AG engages in the food retail business. The company offers bakery products consisting of cakes, sweet pastries, cold and hot snacks, breads, and rolls; fruits, vegetables, and herbs; beef and veal, lamb, pig, and poultry meat products; wines; egg, cream substitutes or soy, and oat drinks; and confectionery products under the WASGAU bakery, WASGAU Bio, WASGAU MARKEN, WASGAU Schnippelküche, WASGAU butcher, and WASGAU Bräu brands. It operates 76 supermarkets and hypermarkets under the WASGAU name; and 6 cash-and-carry businesses as a partner for restaurants and bulk consumers. The company also provides its products through online. WASGAU Produktions & Handels AG was founded in 1925 and is headquartered in Pirmasens, Germany. 


                      Company Analysis and Financial Data Status

                      All financial data provided by Standard & Poor's Capital IQ.
                      DataLast Updated (UTC time)
                      Company Analysis2020/01/22 20:54
                      End of Day Share Price2020/01/22 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.