XTRA:WFS

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Warimpex Finanz- und Beteiligungs

Executive Summary

Warimpex Finanz- und Beteiligungs AG engages in the construction and operation of hotels and offices in Central and Eastern Europe.


Snowflake Analysis

Undervalued with proven track record and pays a dividend.

Share Price & News

How has Warimpex Finanz- und Beteiligungs's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: WFS's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

1.6%

WFS

8.1%

DE Hospitality

2.2%

DE Market


1 Year Return

-3.3%

WFS

-43.8%

DE Hospitality

-3.9%

DE Market

Return vs Industry: WFS exceeded the German Hospitality industry which returned -43.8% over the past year.

Return vs Market: WFS matched the German Market which returned -3.9% over the past year.


Shareholder returns

WFSIndustryMarket
7 Day1.6%8.1%2.2%
30 Day9.2%7.6%8.0%
90 Day-17.7%-46.7%-9.6%
1 Year1.0%-3.3%-41.8%-43.8%-2.3%-3.9%
3 Year11.1%1.6%-58.1%-63.7%-7.6%-14.8%
5 Yearn/a-58.3%-67.0%-0.3%-12.9%

Price Volatility Vs. Market

How volatile is Warimpex Finanz- und Beteiligungs's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Warimpex Finanz- und Beteiligungs undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: WFS (€1.31) is trading below our estimate of fair value (€4.79)

Significantly Below Fair Value: WFS is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: WFS is good value based on its PE Ratio (1.1x) compared to the Hospitality industry average (22.1x).

PE vs Market: WFS is good value based on its PE Ratio (1.1x) compared to the German market (18.7x).


Price to Earnings Growth Ratio

PEG Ratio: WFS's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: WFS is good value based on its PB Ratio (0.4x) compared to the DE Hospitality industry average (1.8x).


Next Steps

Future Growth

How is Warimpex Finanz- und Beteiligungs forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

-53.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: WFS's earnings are forecast to decline over the next 3 years (-53.1% per year).

Earnings vs Market: WFS's earnings are forecast to decline over the next 3 years (-53.1% per year).

High Growth Earnings: WFS's earnings are forecast to decline over the next 3 years.

Revenue vs Market: WFS's revenue is expected to decline over the next 3 years (-18.6% per year).

High Growth Revenue: WFS's revenue is forecast to decline over the next 3 years (-18.6% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: WFS's Return on Equity is forecast to be low in 3 years time (10.5%).


Next Steps

Past Performance

How has Warimpex Finanz- und Beteiligungs performed over the past 5 years?

57.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: WFS has a high level of non-cash earnings.

Growing Profit Margin: WFS's current net profit margins are higher than last year (20.3%).


Past Earnings Growth Analysis

Earnings Trend: WFS has become profitable over the past 5 years, growing earnings by 57.4% per year.

Accelerating Growth: WFS's earnings growth over the past year (939.1%) exceeds its 5-year average (57.4% per year).

Earnings vs Industry: WFS earnings growth over the past year (939.1%) exceeded the Hospitality industry -36.2%.


Return on Equity

High ROE: Whilst WFS's Return on Equity (42.34%) is outstanding, this metric is skewed due to their high level of debt.


Next Steps

Financial Health

How is Warimpex Finanz- und Beteiligungs's financial position?


Financial Position Analysis

Short Term Liabilities: WFS's short term assets (€11.5M) do not cover its short term liabilities (€27.3M).

Long Term Liabilities: WFS's short term assets (€11.5M) do not cover its long term liabilities (€172.2M).


Debt to Equity History and Analysis

Debt Level: WFS's debt to equity ratio (102.2%) is considered high.

Reducing Debt: WFS's debt to equity ratio has reduced from 654.7% to 102.2% over the past 5 years.

Debt Coverage: WFS's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: WFS's interest payments on its debt are well covered by EBIT (4.5x coverage).


Balance Sheet


Next Steps

Dividend

What is Warimpex Finanz- und Beteiligungs's current dividend yield, its reliability and sustainability?

4.61%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: WFS's dividend (4.62%) is higher than the bottom 25% of dividend payers in the German market (1.35%).

High Dividend: WFS's dividend (4.62%) is in the top 25% of dividend payers in the German market (4.05%)


Stability and Growth of Payments

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

Growing Dividend: WFS has only been paying a dividend for 2 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (5.2%), WFS's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: WFS's dividends in 3 years are forecast to be well covered by earnings (42.4% payout ratio).


Next Steps

Management

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

6.0yrs

Average management tenure


CEO

Franz Jurkowitsch (71yo)

no data

Tenure

€1,272,000

Compensation

Mr. Franz Jurkowitsch serves as the Chairman of the Management Board of Warimpex Finanz-und Beteiligungs Aktiengesellschaft and has been its Member of the Management Board since September 2, 1986. Mr. Jurk ...


Leadership Team

NamePositionTenureCompensationOwnership
Franz Jurkowitsch
Chairman of the Management Boardno data€1.27m14.41% 9.8m
Daniel Folian
CFO & Deputy Chairman of the Management Board2.33yrs€864.00kno data
Alexander Jurkowitsch
Member of the Management Board13.83yrs€974.00kno data
Florian Petrowsky
Member of the Management Board6yrs€883.00kno data
Vladimir Gjuras
Chief Executive Officer of Pragueno datano datano data
Jerzy Krogulec
Chief Executive Officer of Warsawno datano datano data
Attila Nagy
Chief Executive Officer of Budapestno datano datano data
Paul Pober
Chief Executive Officer of St. Petersburgno datano datano data

6.0yrs

Average Tenure

49yo

Average Age

Experienced Management: WFS's management team is seasoned and experienced (6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
William Marie de Gelsey
Independent Supervisory Board Member13yrs€18.00kno data
Harald Wengust
Independent Supervisory Board Member10.58yrs€22.00kno data
Günter Korp
Independent Chairman of the Supervisory Board9.92yrs€43.00kno data
Thomas Aistleitner
Independent Deputy Chairman of the Supervisory Board7.92yrs€34.00kno data
Hubert Staszewski
Independent Supervisory Board Member3.92yrs€18.00kno data

9.9yrs

Average Tenure

66yo

Average Age

Experienced Board: WFS's board of directors are considered experienced (9.9 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

Warimpex Finanz- und Beteiligungs AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Warimpex Finanz- und Beteiligungs AG
  • Ticker: WFS
  • Exchange: XTRA
  • Founded: 1959
  • Industry: Hotels, Resorts and Cruise Lines
  • Sector: Consumer Services
  • Market Cap: €68.205m
  • Shares outstanding: 52.47m
  • Website: https://www.warimpex.com

Number of Employees


Location

  • Warimpex Finanz- und Beteiligungs AG
  • Floridsdorfer Hauptstrasse 1
  • Vienna
  • Vienna
  • 1210
  • Austria

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
WXFWBAG (Wiener Boerse AG)YesBearer SharesATEURJan 2007
WXFWSE (Warsaw Stock Exchange)YesBearer SharesPLPLNJan 2007
WFSDB (Deutsche Boerse AG)YesBearer SharesDEEURJan 2007
0O0PLSE (London Stock Exchange)YesBearer SharesGBEURJan 2007
WFSXTRA (XETRA Trading Platform)YesBearer SharesDEEURJan 2007

Biography

Warimpex Finanz- und Beteiligungs AG engages in the construction and operation of hotels and offices in Central and Eastern Europe. The company operates through Hotels, Investment Properties, and Development and Services segments. It develops, owns, and operates hotel properties; and develops office buildings or shopping centers. The company invests in and develops projects in the Czech Republic, Poland, Hungary, Romania, Russia, Germany, Austria, and France. As of December 31, 2018, it owned and operated 6 hotels with 1,600 rooms; and 8 commercial and office buildings with a total floor area of approximately 93,000 square meters. Warimpex Finanz- und Beteiligungs AG was founded in 1959 and is headquartered in Vienna, Austria. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/26 16:17
End of Day Share Price2020/05/25 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.