DB:IPOA

Stock Analysis Report

Heidelberger Beteiligungsholding

Executive Summary

Heidelberger Beteiligungsholding AG operates as an investment company in Germany.

Snowflake

Fundamentals

Moderate growth potential and overvalued.

Share Price & News

How has Heidelberger Beteiligungsholding's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

IPOA

6.1%

DE Capital Markets

4.4%

DE Market


1 Year Return

-0.9%

IPOA

3.0%

DE Capital Markets

1.6%

DE Market

Return vs Industry: IPOA underperformed the German Capital Markets industry which returned 3% over the past year.

Return vs Market: IPOA underperformed the German Market which returned 1.6% over the past year.


Shareholder returns

IPOAIndustryMarket
7 Day0%6.1%4.4%
30 Day-2.6%0.07%0.8%
90 Day-16.2%5.8%2.3%
1 Year-0.9%-0.9%5.4%3.0%4.8%1.6%
3 Year109.4%109.4%23.9%9.6%18.9%8.6%
5 Year52.0%52.0%-16.6%-29.7%43.7%24.1%

Price Volatility Vs. Market

How volatile is Heidelberger Beteiligungsholding's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Heidelberger Beteiligungsholding undervalued compared to its fair value and its price relative to the market?

96.55x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: IPOA (€22.8) is trading above our estimate of fair value (€3.79)

Significantly Undervalued: IPOA is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: IPOA is poor value based on its PE Ratio (96.6x) compared to the Capital Markets industry average (22.9x).

PE vs Market: IPOA is poor value based on its PE Ratio (96.6x) compared to the German market (19.5x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: IPOA is good value based on its PB Ratio (1.4x) compared to the DE Capital Markets industry average (1.9x).


Next Steps

Future Growth

How is Heidelberger Beteiligungsholding forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

32.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IPOA's forecast earnings growth (32.1% per year) is above the savings rate (0.2%).

Earnings vs Market: IPOA's earnings (32.1% per year) are forecast to grow faster than the German market (12.6% per year).

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

Revenue vs Market: Insufficient data to determine if IPOA's revenue is forecast to grow faster than the German market.

High Growth Revenue: Insufficient data to determine if IPOA's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has Heidelberger Beteiligungsholding performed over the past 5 years?

-34.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: IPOA's earnings have declined by -34.6% per year over the past 5 years.

Accelerating Growth: IPOA has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: IPOA has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (2.4%).


Return on Equity

High ROE: IPOA's Return on Equity (1.4%) is considered low.


Return on Assets

ROA vs Industry: IPOA's Return on Assets is below or equal to the Capital Markets industry average last year.


Return on Capital Employed

ROCE Improving: IPOA is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Heidelberger Beteiligungsholding's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: IPOA has a low level of unsold assets or inventory.

Debt Coverage by Assets: IPOA's debt is covered by short term assets (assets are 1.621780x debt).


Financial Institutions Analysis

Asset Level: IPOA's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if IPOA has a sufficient allowance for bad loans.

Low Risk Liabilities: IPOA reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if IPOA has an acceptable proportion of non-loan assets held.

Low Risk Deposits: IPOA has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if IPOA has an appropriate level of bad loans.


Next Steps

Dividend

What is Heidelberger Beteiligungsholding's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.8%industryaverage2.2%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate IPOA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate IPOA's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if IPOA's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if IPOA's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of IPOA'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 Heidelberger Beteiligungsholding's salary, the management and board of directors tenure and is there insider trading?


CEO

Ralph Bieneck 0

9.2yrs

Tenure

0

Mr. Ralph Bieneck, Dipl.-Volksw., has been the Chief Executive Officer and Member of the Management Board at Heidelberger Beteiligungsholding AG since August 16, 2010. Mr. Bieneck served as a Director of S ...


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


Management Team

  • Dirk Schellenberger

    Managing Director

    • Tenure: 0yrs
  • Ralph Bieneck

    CEO & Member of the Management Board

    • Tenure: 9.2yrs
  • Rolf Birkert

    Member of the Management Board

    • Tenure: 0yrs

Board Members

  • Phillip Hornig (61yo)

    Vice-Chairman of the Supervisory Board

    • Tenure: 0yrs
  • Eva Katheder

    Chairwoman of the Supervisory Board

    • Tenure: 0yrs
  • Karin Lergenmüller

    Member of the Supervisory Board

    • Tenure: 0yrs

Company Information

Heidelberger Beteiligungsholding AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Heidelberger Beteiligungsholding AG
  • Ticker: IPOA
  • Exchange: DB
  • Founded:
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: €30.587m
  • Shares outstanding: 1.34m
  • Website: https://www.heidelberger-beteiligungsholding.de

Location

  • Heidelberger Beteiligungsholding AG
  • Ziegelhäuser Landstrasse 1
  • Heidelberg
  • Baden-Württemberg
  • 69120
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IPOADB (Deutsche Boerse AG)HEIDELBERGERDEEURNo data
IPOADB (Deutsche Boerse AG)YesCommon StockDEEURJan 1992

Biography

Heidelberger Beteiligungsholding AG operates as an investment company in Germany. It primarily invests in listed securities. The company is based in Heidelberg, Germany. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/15 20:33
End of Day Share Price2019/10/08 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.