MUN:NHB

Stock Analysis Report

Nebelhornbahn-Aktiengesellschaft

Executive Summary

Nebelhornbahn-Aktiengesellschaft operates ski resorts in Germany.


Snowflake Analysis

Poor track record with worrying balance sheet.

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's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

20.0%

NHB

5.2%

DE Hospitality

2.2%

DE Market


1 Year Return

-38.1%

NHB

-43.9%

DE Hospitality

-17.2%

DE Market

Return vs Industry: NHB exceeded the German Hospitality industry which returned -42.9% over the past year.

Return vs Market: NHB underperformed the German Market which returned -17.5% over the past year.


Shareholder returns

NHBIndustryMarket
7 Day20.0%5.2%2.2%
30 Day-17.8%-31.2%-15.7%
90 Day-20.0%-55.2%-24.0%
1 Year-37.8%-38.1%-41.4%-43.9%-14.9%-17.2%
3 Year14.8%3.2%-53.6%-60.0%-16.4%-23.3%
5 Year65.5%47.2%-59.3%-67.9%-16.5%-27.8%

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?

72.72x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate NHB's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate NHB's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: NHB is poor value based on its PE Ratio (69.7x) compared to the Hospitality industry average (21.4x).

PE vs Market: NHB is poor value based on its PE Ratio (69.7x) compared to the German market (16.3x).


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 (1.9x) compared to the DE Hospitality industry average (1.8x).


Next Steps

Future Growth

How is Nebelhornbahn-Aktiengesellschaft forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

27.8%

Forecasted Consumer Services 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 Nebelhornbahn-Aktiengesellschaft 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 Nebelhornbahn-Aktiengesellschaft performed over the past 5 years?

6.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NHB has a large one-off loss of €296.6K impacting its October 31 2019 financial results.

Growing Profit Margin: NHB's current net profit margins (4.1%) are lower than last year (4.8%).


Past Earnings Growth Analysis

Earnings Trend: NHB's earnings have grown by 6.8% per year 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 (-15.6%) over the past year, making it difficult to compare to the Hospitality industry average (-36.8%).


Return on Equity

High ROE: NHB's Return on Equity (2.8%) is considered low.


Next Steps

Financial Health

How is Nebelhornbahn-Aktiengesellschaft's financial position?


Financial Position Analysis

Short Term Liabilities: NHB's short term assets (€1.3M) do not cover its short term liabilities (€13.2M).

Long Term Liabilities: NHB's short term assets (€1.3M) do not cover its long term liabilities (€5.5M).


Debt to Equity History and Analysis

Debt Level: NHB's debt to equity ratio (84.6%) is considered high.

Reducing Debt: NHB's debt to equity ratio has increased from 64.8% to 84.6% 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 (9.4x coverage).


Balance Sheet

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

Debt Coverage by Assets: NHB's debt is not covered by short term assets (assets are 0.1x debt).


Next Steps

Dividend

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

0.83%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NHB's dividend (0.87%) isn’t notable compared to the bottom 25% of dividend payers in the German market (1.68%).

High Dividend: NHB's dividend (0.87%) is low compared to the top 25% of dividend payers in the German market (4.97%).


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

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

1.1yrs

Average board tenure


CEO

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


Board Members

NamePositionTenureCompensationOwnership
Andreas Vogt
Deputy Operations Manager and Member of The Supervisory Board11yrs€1.10kno data
Norbert Schürmann
Member of the Supervisory Boardno datano datano data
Michael Lucke
Deputy Chairman of the Supervisory Board1yrno datano data
Laurent Mies
Chairman of the Supervisory Boardno datano datano data
Heinrich Beerenwinkel
Member of Supervisory Boardno datano datano data
Freudig Joachim
Member of Supervisory Board1.08yrs€2.30kno data

1.1yrs

Average Tenure

Experienced Board: NHB's board of directors are not considered experienced ( 1 years average tenure), which suggests a new board.


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

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 Analysis2020/04/01 20:52
End of Day Share Price2020/04/01 00:00
Earnings2019/10/31
Annual Earnings2019/10/31


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.