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pferdewetten.de

DB:EMH1
Snowflake Description

Flawless balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EMH1
DB
€45M
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

pferdewetten.de AG, together with its subsidiaries, engages in the online and offline horse betting business in Germany and internationally. The last earnings update was 79 days ago. More info.


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EMH1 Share Price and Events
7 Day Returns
-2.8%
DB:EMH1
0.1%
DE Hospitality
-3.6%
DE Market
1 Year Returns
1%
DB:EMH1
-52.1%
DE Hospitality
-11.8%
DE Market
EMH1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
pferdewetten.de (EMH1) -2.8% -8.7% -10.6% 1% 82.8% 166.5%
DE Hospitality 0.1% -9.6% -10.1% -52.1% -29% -25.2%
DE Market -3.6% -2.1% -0.8% -11.8% 12% 5.8%
1 Year Return vs Industry and Market
  • EMH1 outperformed the Hospitality industry which returned -52.1% over the past year.
  • EMH1 outperformed the Market in Germany which returned -11.8% over the past year.
Price Volatility
EMH1
Industry
5yr Volatility vs Market

Value

 Is pferdewetten.de 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 pferdewetten.de 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 pferdewetten.de.

DB:EMH1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.9%
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 DB:EMH1
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.92
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.921 (1 + (1- 30%) (0%))
0.947
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.95
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.947 * 5.96%)
5.87%

Discounted Cash Flow Calculation for DB:EMH1 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for pferdewetten.de 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.

DB:EMH1 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 5.87%)
2019 1.30 Analyst x1 1.23
2020 1.60 Analyst x1 1.43
2021 3.10 Analyst x1 2.61
2022 3.70 Analyst x1 2.95
2023 4.30 Analyst x1 3.23
2024 4.75 Est @ 10.58% 3.38
2025 5.11 Est @ 7.47% 3.43
2026 5.38 Est @ 5.3% 3.41
2027 5.58 Est @ 3.78% 3.34
2028 5.74 Est @ 2.71% 3.24
Present value of next 10 years cash flows €28.24
DB:EMH1 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €5.74 × (1 + 0.23%) ÷ (5.87% – 0.23%)
€101.87
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €101.87 ÷ (1 + 5.87%)10
€57.58
DB:EMH1 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €28.24 + €57.58
€85.82
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €85.82 / 4.32
€19.85
DB:EMH1 Discount to Share Price
Calculation Result
Value per share (EUR) From above. €19.85
Current discount Discount to share price of €10.50
= -1 x (€10.50 - €19.85) / €19.85
47.1%

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

Current Discount
Amount off the current price pferdewetten.de is available for.
Intrinsic value
47%
Share price is €10.5 vs Future cash flow value of €19.85
Current Discount Checks
For pferdewetten.de to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • pferdewetten.de's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • pferdewetten.de'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 pferdewetten.de's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are pferdewetten.de's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:EMH1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €-0.13
DB:EMH1 Share Price ** DB (2019-06-14) in EUR €10.5
Germany Hospitality Industry PE Ratio Median Figure of 10 Publicly-Listed Hospitality Companies 18.98x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.7x

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

** Primary Listing of pferdewetten.de.

DB:EMH1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= DB:EMH1 Share Price ÷ EPS (both in EUR)

= 10.5 ÷ -0.13

-81.34x

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

  • pferdewetten.de is loss making, we can't compare its value to the DE Hospitality industry average.
  • pferdewetten.de is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does pferdewetten.de's expected growth come at a high price?
Raw Data
DB:EMH1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -81.34x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
74.3%per year
Germany Hospitality Industry PEG Ratio Median Figure of 5 Publicly-Listed Hospitality Companies 1.31x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for pferdewetten.de, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on pferdewetten.de's assets?
Raw Data
DB:EMH1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €2.99
DB:EMH1 Share Price * DB (2019-06-14) in EUR €10.5
Germany Hospitality Industry PB Ratio Median Figure of 13 Publicly-Listed Hospitality Companies 2.06x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.76x
DB:EMH1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= DB:EMH1 Share Price ÷ Book Value per Share (both in EUR)

= 10.5 ÷ 2.99

3.51x

* Primary Listing of pferdewetten.de.

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

  • pferdewetten.de is overvalued based on assets compared to the DE Hospitality industry average.
X
Value checks
We assess pferdewetten.de'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 Hospitality 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 Hospitality industry average (and greater than 0)? (1 check)
  5. pferdewetten.de 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 pferdewetten.de expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
74.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is pferdewetten.de expected to grow at an attractive rate?
  • pferdewetten.de's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • pferdewetten.de's earnings growth is expected to exceed the Germany market average.
  • pferdewetten.de's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:EMH1 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:EMH1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 74.3%
DB:EMH1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 12.7%
Germany Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 18.9%
Germany Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*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
DB:EMH1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:EMH1 Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 22 1
2022-12-31 20 1
2021-12-31 18 4 3 1
2020-12-31 16 2 2 1
2019-12-31 14 2 1 1
DB:EMH1 Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 11 2 -1
2018-09-30 11 1
2018-06-30 11 2 2
2018-03-31 10 3 2
2017-12-31 9 3 3
2017-09-30 8 2
2017-06-30 7 3 1
2017-03-31 7 2 2
2016-12-31 7 2 2
2016-09-30 7 2 2
2016-06-30 7 2 2
2016-03-31 7 2 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • pferdewetten.de's earnings are expected to grow significantly at over 20% yearly.
  • pferdewetten.de's revenue is expected to grow by 12.7% 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
DB:EMH1 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from pferdewetten.de Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:EMH1 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 0.67 0.67 0.67 1.00
2020-12-31 0.37 0.37 0.37 1.00
2019-12-31 0.20 0.20 0.20 1.00
DB:EMH1 Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 -0.13
2018-09-30 0.19
2018-06-30 0.52
2018-03-31 0.56
2017-12-31 0.60
2017-09-30 0.47
2017-06-30 0.34
2017-03-31 0.39
2016-12-31 0.44
2016-09-30 0.51
2016-06-30 0.58
2016-03-31 0.67

*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.
  • pferdewetten.de is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess pferdewetten.de'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany 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.
pferdewetten.de has a total score of 4/6, 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 pferdewetten.de 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 pferdewetten.de's growth in the last year to its industry (Hospitality).
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.
  • pferdewetten.de does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare pferdewetten.de's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare pferdewetten.de's 1-year growth to the DE Hospitality industry average as it is not currently profitable.
Earnings and Revenue History
pferdewetten.de'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 pferdewetten.de Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:EMH1 Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 11.30 -0.56 6.25
2018-09-30 11.06 0.84 5.27
2018-06-30 10.82 2.24 4.01
2018-03-31 9.75 2.42 3.79
2017-12-31 8.67 2.60 3.82
2017-09-30 7.66 2.04 3.27
2017-06-30 6.65 1.48 2.72
2017-03-31 6.66 1.62 2.61
2016-12-31 6.67 1.75 2.51
2016-09-30 6.89 1.92 2.53
2016-06-30 7.10 2.09 2.56
2016-03-31 6.90 2.41 2.49
2015-12-31 6.69 2.74 2.43
2015-09-30 6.43 2.57 2.19
2015-06-30 6.17 2.39 1.96
2015-03-31 5.74 1.78 1.92
2014-12-31 5.32 1.17 1.87
2014-09-30 5.05 1.26 1.63
2014-06-30 4.78 1.35 1.38
2014-03-31 4.52 1.20 1.33
2013-12-31 4.26 1.04 1.27
2013-09-30 3.87 0.86 1.27
2013-06-30 3.48 0.68 1.26
2013-03-31 3.89 0.71 1.23
2012-12-31 4.30 0.74 1.20
2012-09-30 4.32 0.68 1.15
2012-06-30 4.34 0.61 1.11

*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.
  • It is difficult to establish if pferdewetten.de has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if pferdewetten.de has efficiently used its assets last year compared to the DE Hospitality industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if pferdewetten.de improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess pferdewetten.de'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 Hospitality 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.
pferdewetten.de has a total score of 0/6, 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 pferdewetten.de'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 pferdewetten.de's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • pferdewetten.de is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • pferdewetten.de has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of pferdewetten.de'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.
  • Low level of unsold assets.
  • pferdewetten.de has no debt, it does not need to be covered by short term assets.
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 pferdewetten.de Company Filings, last reported 5 months ago.

DB:EMH1 Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 12.93 0.00 12.48
2018-09-30 12.93 0.00 12.48
2018-06-30 14.12 0.00 7.41
2018-03-31 14.12 0.00 7.41
2017-12-31 14.01 0.00 10.77
2017-09-30 14.01 0.00 10.77
2017-06-30 12.29 0.00 5.96
2017-03-31 12.29 0.00 5.96
2016-12-31 11.73 0.00 8.13
2016-09-30 11.73 0.00 8.13
2016-06-30 9.13 0.00 4.16
2016-03-31 9.13 0.00 4.16
2015-12-31 7.86 0.00 3.30
2015-09-30 7.86 0.00 3.30
2015-06-30 7.00 0.00 3.26
2015-03-31 7.00 0.00 3.26
2014-12-31 5.07 0.00 2.80
2014-09-30 5.07 0.00 2.80
2014-06-30 4.55 0.00 2.97
2014-03-31 4.55 0.00 2.97
2013-12-31 3.86 0.03 2.04
2013-09-30 3.86 0.03 2.04
2013-06-30 3.17 0.05 1.95
2013-03-31 3.17 0.05 1.95
2012-12-31 2.78 0.05 1.58
2012-09-30 2.78 0.05 1.58
2012-06-30 2.45 0.03 1.20
  • pferdewetten.de has no debt.
  • pferdewetten.de has no debt compared to 5 years ago when it was 0.6%.
  • pferdewetten.de has no debt, it does not need to be covered by operating cash flow.
  • pferdewetten.de has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess pferdewetten.de'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. pferdewetten.de has a total score of 6/6, 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 pferdewetten.de'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
1.52%
Current annual income from pferdewetten.de dividends. Estimated to be 1.84% next year.
If you bought €2,000 of pferdewetten.de shares you are expected to receive €30 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?
  • pferdewetten.de's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
  • pferdewetten.de's dividend is below the markets top 25% of dividend payers in Germany (3.91%).
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
DB:EMH1 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 1 Analyst Estimates (S&P Global) See Below
Germany Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

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

DB:EMH1 Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.20 1.00
2020-12-31 0.20 1.00
2019-12-31 0.18 1.00
DB:EMH1 Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-28 0.160 1.452
2018-04-03 0.140 1.359
2017-03-30 0.240 1.931
2016-07-12 0.200 2.267

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

  • pferdewetten.de has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • pferdewetten.de has only been paying a dividend for 3 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of pferdewetten.de's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.3x coverage).
X
Income/ dividend checks
We assess pferdewetten.de's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 pferdewetten.de afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. pferdewetten.de has a total score of 2/6, 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 pferdewetten.de'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
Pierre Hofer
COMPENSATION €376,591
AGE 47
CEO Bio

Mr. Pierre Hofer is Chairman of the Management Board at pferdewetten.de AG. He serves as a Member of Management Board at pferdewetten.de AG

CEO Compensation
  • Pierre's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Pierre's remuneration is higher than average for companies of similar size in Germany.
Management Team

Pierre Hofer

TITLE
Chairman of the Management Board
COMPENSATION
€377K
AGE
47

Hans Nolte

TITLE
Chief Financial officer
COMPENSATION
€48K
Board of Directors

Markus Knoss

TITLE
Chairman of the Supervisory Board
COMPENSATION
€8K
AGE
48

Sergey Lychak

TITLE
Vice-Chairman of Supervisory Board
COMPENSATION
€7K
AGE
46

Lars-Wilhelm Baumgarten

TITLE
Member of Supervisory Board
COMPENSATION
€7K
AGE
47
TENURE
2.8 yrs

Jochen Dickinger

TITLE
Member of Supervisory Board
COMPENSATION
€7K
AGE
43
TENURE
2.6 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 pferdewetten.de'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. pferdewetten.de 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

Know This Before Buying pferdewetten.de AG (FRA:EMH1) For Its Dividend

Is pferdewetten.de AG (FRA:EMH1) a good dividend stock? How would you know? Dividend paying companies with growing earnings can be highly rewarding in the long term. If you are hoping to live on the income from dividends, it's important to be a lot more stringent with your investments than the average punter. Some readers mightn't know much about pferdewetten.de's 1.5% dividend, as it has only been paying distributions for the last three years. While it may not look like much, if earnings are growing it could become quite interesting. Before you buy any stock for its dividend however, you should always remember Warren Buffett's two rules: 1) Don't lose money, and 2) Remember rule #1. … Dividend Volatility From the perspective of an income investor who wants to earn dividends for many years, there is not much point buying a stock if its dividend is regularly cut or is not reliable. … It has only been paying dividends for a few short years, and the dividend has already been cut at least once.

Simply Wall St -

What Kind Of Investor Owns Most Of pferdewetten.de AG (FRA:EMH1)?

As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.' pferdewetten.de is a smaller company with a market capitalization of €49m, so it may still be flying under the radar of many institutional investors. … See our latest analysis for pferdewetten.de DB:EMH1 Ownership Summary, May 27th 2019 What Does The Institutional Ownership Tell Us About pferdewetten.de? … General Public Ownership The general public -- mostly retail investors -- own 68% of pferdewetten.de.

Simply Wall St -

Is pferdewetten.de AG (FRA:EMH1) A Volatile Stock?

Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … If the future looks like the past, we could therefore consider it likely that the stock price will experience share price volatility that is roughly similar to the overall market. … What this means for you: pferdewetten.de has a beta value quite close to that of the overall market.

Simply Wall St -

Should You Be Concerned About pferdewetten.de AG's (FRA:EMH1) Historical Volatility?

Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful. … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

Simply Wall St -

Is pferdewetten.de AG's (FRA:EMH1) CEO Salary Justified?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Pierre Hofer's Compensation Compare With Similar Sized Companies. … We examined a group of similar sized companies, with market capitalizations of below €177m

Simply Wall St -

Is Now The Time To Look At Buying pferdewetten.de AG (FRA:EMH1)?

pferdewetten.de AG (FRA:EMH1), which is in the hospitality business, and is based in Germany,. … Less-covered, small caps tend to present more of an opportunity for mispricing due to the lack of information available to the public, which can be a good thing? … Let’s take a look at pferdewetten.de’s outlook and value based on the most recent financial data to see if the opportunity still exists

Simply Wall St -

Shareholders Are Raving About How The pferdewetten.de (FRA:EMH1) Share Price Increased 386%

To wit, the pferdewetten.de AG (FRA:EMH1) share price has soared 386% over five years. … It's also good to see the share price up 22% over the last quarter. … One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.

Simply Wall St -

Should You Buy pferdewetten.de AG (FRA:EMH1) For Its 1.3% Dividend?

In the last few years pferdewetten.de AG (FRA:EMH1) has paid a dividend to shareholders. … Does pferdewetten.de tick all the boxes of a great dividend stock? … How I analyze a dividend stock

Simply Wall St -

A Look At pferdewetten.de AG's (FRA:EMH1) Exceptional Fundamentals

Want to participate in a short research study? … Help shape the future of investing tools and you could win a $250 gift card! … Attractive stocks have exceptional fundamentals.

Simply Wall St -

pferdewetten.de AG (FRA:EMH1): Time For A Financial Health Check

pferdewetten.de AG (FRA:EMH1), which has zero-debt on its balance sheet, can maximize capital returns by increasing debt due to its lower cost of capital. … Does EMH1's growth rate justify its decision for financial flexibility over lower cost of capital … Debt capital generally has lower cost of capital compared to equity funding.

Simply Wall St -

Company Info

Description

pferdewetten.de AG, together with its subsidiaries, engages in the online and offline horse betting business in Germany and internationally. Its horse betting services range from betting on German galloping and trotting to English, French, and other international horse races. The company also provides online horse betting services through its Internet platform pferdewetten.de. In addition, it offers consultancy and training services for the implementation and processing of sports and horse betting; and technical services, including server services, Web development, video streaming, payment systems, content management, or shop solutions. The company was formerly known as Sportwetten.de AG. pferdewetten.de AG was founded in 1997 and is headquartered in Düsseldorf, Germany.

Details
Name: pferdewetten.de AG
EMH1
Exchange: DB
Founded: 1997
€45,404,635
4,324,251
Website: http://www.pferdewetten.ag
Address: pferdewetten.de AG
Kaistr. 4,
Düsseldorf,
North Rhine-Westphalia, 40221,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
DB EMH1 Bearer Shares Deutsche Boerse AG DE EUR 19. Jul 2000
LSE 0JSK Bearer Shares London Stock Exchange GB EUR 19. Jul 2000
Number of employees
Current staff
Staff numbers
45
pferdewetten.de employees.
Industry
Casinos and Gaming
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/15 21:31
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/05/09
Last earnings filing: 2019/03/28
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.