MUN:NHB

Stock Analysis Report

Nebelhornbahn-Aktiengesellschaft

Executive Summary

Nebelhornbahn-Aktiengesellschaft operates ski resorts in Germany.

Rewards

Revenue is forecast to grow 5.56% per year

Risk Analysis

Revenue has declined by -0.5% over the past year

Has a high level of debt

Profit margins (4.8%) are lower than last year (7.4%)

Latest financial reports are more than 6 months old

+ 2 more risks


Snowflake Analysis

Adequate balance sheet with concerning outlook.

Share Price & News

How has Nebelhornbahn-Aktiengesellschaft's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

1.4%

NHB

-2.1%

DE Hospitality

0.7%

DE Market


1 Year Return

-25.0%

NHB

-20.2%

DE Hospitality

15.6%

DE Market

Return vs Industry: NHB underperformed the German Hospitality industry which returned -15.8% over the past year.

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


Shareholder returns

NHBIndustryMarket
7 Day1.4%-2.1%0.7%
30 Day0%-5.1%1.7%
90 Day-9.1%-6.6%6.3%
1 Year-24.6%-25.0%-15.0%-20.2%19.2%15.6%
3 Year47.9%33.0%-10.2%-22.1%18.3%7.9%
5 Year128.9%100.7%-11.5%-28.6%26.8%9.4%

Price Volatility Vs. Market

How volatile is Nebelhornbahn-Aktiengesellschaft's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Nebelhornbahn-Aktiengesellschaft undervalued compared to its fair value and its price relative to the market?

76.63x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: NHB (€30) is trading above our estimate of fair value (€16.88)

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


Price To Earnings Ratio

PE vs Industry: NHB is poor value based on its PE Ratio (76.6x) compared to the Hospitality industry average (20.5x).

PE vs Market: NHB is poor value based on its PE Ratio (76.6x) compared to the German market (20.6x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: NHB is overvalued based on its PB Ratio (2.6x) compared to the DE Hospitality industry average (2.3x).


Next Steps

Future Growth

How is Nebelhornbahn-Aktiengesellschaft forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

5.6%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if NHB's forecast earnings growth is above the savings rate (-0.4%).

Earnings vs Market: Insufficient data to determine if NHB's earnings are forecast to grow faster than the German market

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

Revenue vs Market: NHB's revenue (5.6% per year) is forecast to grow faster than the German market (4.8% per year).

High Growth Revenue: NHB's revenue (5.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if NHB's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Nebelhornbahn-Aktiengesellschaft performed over the past 5 years?

-34.8%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: NHB has high quality earnings.

Growing Profit Margin: NHB's current net profit margins (4.8%) are lower than last year (7.4%).


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if NHB's year-on-year earnings growth rate was positive over the past 5 years.

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

Earnings vs Industry: NHB had negative earnings growth (-34.8%) over the past year, making it difficult to compare to the Hospitality industry average (-39.6%).


Return on Equity

High ROE: NHB's Return on Equity (3.3%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Nebelhornbahn-Aktiengesellschaft's financial position?


Financial Position Analysis

Short Term Liabilities: NHB's short term assets (€11.0M) exceed its short term liabilities (€4.6M).

Long Term Liabilities: NHB's short term assets (€11.0M) exceed its long term liabilities (€7.3M).


Debt to Equity History and Analysis

Debt Level: NHB's debt to equity ratio (56%) is considered high.

Reducing Debt: NHB's debt to equity ratio has reduced from 74.7% to 56% over the past 5 years.

Debt Coverage: Insufficient data to determine if NHB's debt is well covered by operating cash flow.

Interest Coverage: NHB's interest payments on its debt are well covered by EBIT (7.1x coverage).


Balance Sheet

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

Debt Coverage by Assets: NHB's debt is covered by short term assets (assets are 1.2x debt).


Next Steps

Dividend

What is Nebelhornbahn-Aktiengesellschaft's current dividend yield, its reliability and sustainability?

0.67%

Current Dividend Yield


Upcoming Dividend Payment

Purchase Nebelhornbahn-Aktiengesellschaft before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield vs Market

company0.7%marketbottom25%1.4%markettop25%3.5%industryaverage5.3%forecastin3Years0.2%

Current dividend yield vs market & industry

Notable Dividend: NHB's dividend (0.67%) isn’t notable compared to the bottom 25% of dividend payers in the German market (1.38%).

High Dividend: NHB's dividend (0.67%) is low compared to the top 25% of dividend payers in the German market (3.53%).


Stability and Growth of Payments

Stable Dividend: NHB is not paying a notable dividend for the German market, therefore no need to check if payments are stable.

Growing Dividend: NHB is not paying a notable dividend for the German market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: NHB is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of NHB's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

What is the CEO of Nebelhornbahn-Aktiengesellschaft's salary, the management and board of directors tenure and is there insider trading?


CEO

Nebelhornbahn-Aktiengesellschaft has no CEO, or we have no data on them.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Management Team

  • Peter Schöttl

    Sole Member of the Management Board

    • Compensation: €92.00k
  • Andreas Vogt

    Deputy Operations Manager & Member of the Supervisory Board

    • Tenure: 10.8yrs
    • Compensation: €1.10k

Board Members

  • Norbert Schürmann (58yo)

    Second Vice-President of the Supervisory Board

    • Augustin Kröll

      President of the Supervisory Board

      • Compensation: €2.00k
    • Andreas Vogt

      Deputy Operations Manager & Member of the Supervisory Board

      • Tenure: 10.8yrs
      • Compensation: €1.10k
    • Michael Lucke

      Member of the Supervisory Board

      • Laurent Mies

        First Vice-President of the Supervisory Board

        • Mark Hinterberger

          Member of the Supervisory Board

          Company Information

          Nebelhornbahn-Aktiengesellschaft's company bio, employee growth, exchange listings and data sources


          Key Information


          Number of Employees


          Location

          • Nebelhornbahn-Aktiengesellschaft
          • Nebelhornstrasse 67
          • Oberstdorf
          • 87561
          • Germany

          Listings

          TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
          NHBMUN (Boerse Muenchen)YesShare CapitalDEEURJan 1992
          NHBDB (Deutsche Boerse AG)YesShare CapitalDEEURJan 1992

          Biography

          Nebelhornbahn-Aktiengesellschaft operates ski resorts in Germany. The company’s ski resorts provide various facilities, including slopes, cable cars, and lifts; restaurants and alpine lodge cafes; snow bars; luge riding track on rails; and night skiing, sledding, and winter hiking services. It operates its ski resorts on the Fellhorn/Kanzelwand, Nebelhorn, Walmendingerhorn, Söllereck, and Ifen mountains. The company was founded in 1927 and is based in Oberstdorf, Germany. Nebelhornbahn-Aktiengesellschaft is a subsidiary of RWE Aktiengesellschaft. 


          Company Analysis and Financial Data Status

          All financial data provided by Standard & Poor's Capital IQ.
          DataLast Updated (UTC time)
          Company Analysis2020/01/20 20:50
          End of Day Share Price2020/01/20 00:00
          Earnings2018/10/31
          Annual Earnings2018/10/31


          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.