XTRA:KWS

Stock Analysis Report

Executive Summary

KWS SAAT SE & Co. KGaA, together with its subsidiaries, engages in the development, production, and distribution of seeds for farmers worldwide.

Snowflake

Fundamentals

Excellent balance sheet with proven track record and pays a dividend.


Similar Companies

Share Price & News

How has KWS SAAT SE KGaA's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.9%

KWS

-1.3%

DE Food

2.4%

DE Market


1 Year Return

2.1%

KWS

-5.3%

DE Food

4.9%

DE Market

Return vs Industry: KWS exceeded the German Food industry which returned -5.3% over the past year.

Return vs Market: KWS underperformed the German Market which returned 4.9% over the past year.


Shareholder returns

KWSIndustryMarket
7 Day0.9%-1.3%2.4%
30 Day-4.8%-6.8%2.3%
90 Day-3.9%-5.1%2.7%
1 Year3.3%2.1%-3.7%-5.3%8.2%4.9%
3 Year5.3%1.9%-22.2%-27.1%18.3%8.0%
5 Year21.3%14.8%33.6%22.0%44.2%24.6%

Price Volatility Vs. Market

How volatile is KWS SAAT SE KGaA's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is KWS SAAT SE KGaA undervalued compared to its fair value and its price relative to the market?

18.79x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: KWS (€59) is trading above our estimate of fair value (€29.35)

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


Price To Earnings Ratio

PE vs Industry: KWS is good value based on its PE Ratio (18.8x) compared to the Food industry average (22.1x).

PE vs Market: KWS is good value based on its PE Ratio (18.8x) compared to the German market (19.2x).


Price to Earnings Growth Ratio

PEG Ratio: KWS is poor value based on its PEG Ratio (2.9x)


Price to Book Ratio

PB vs Industry: KWS is overvalued based on its PB Ratio (2x) compared to the DE Food industry average (1.8x).


Next Steps

Future Growth

How is KWS SAAT SE KGaA forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

6.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KWS's forecast earnings growth (6.5% per year) is above the savings rate (0.2%).

Earnings vs Market: KWS's earnings (6.5% per year) are forecast to grow slower than the German market (12.8% per year).

High Growth Earnings: KWS's earnings are forecast to grow, but not significantly.

Revenue vs Market: KWS's revenue (4.5% per year) is forecast to grow slower than the German market (5% per year).

High Growth Revenue: KWS's revenue (4.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: KWS's Return on Equity is forecast to be low in 3 years time (11.3%).


Next Steps

Past Performance

How has KWS SAAT SE KGaA performed over the past 5 years?

10.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: KWS's earnings have grown by 10.9% per year over the past 5 years.

Accelerating Growth: KWS's earnings growth over the past year (11.3%) exceeds its 5-year average (10.9% per year).

Earnings vs Industry: KWS earnings growth over the past year (11.3%) underperformed the Food industry 14.4%.


Return on Equity

High ROE: KWS's Return on Equity (10.4%) is considered low.


Return on Assets

ROA vs Industry: KWS has a higher Return on Assets than the Food industry average last year.


Return on Capital Employed

ROCE Improving: KWS has improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is KWS SAAT SE KGaA's financial position?


Financial Position Analysis

Short Term Liabilities: KWS's short term assets (€1.1B) exceeds its short term liabilities (€549.0M)

Long Term Liabilities: KWS's short term assets (1.1B) exceeds its long term liabilities (350.2M)


Debt to Equity History and Analysis

Debt Level: KWS's debt to equity ratio (35.8%) is considered satisfactory

Reducing Debt: KWS's debt to equity ratio has increased from 29.4% to 35.8% over the past 5 years.

Debt Coverage: KWS's debt is well covered by operating cash flow (30.9%).

Interest Coverage: KWS's interest payments on its debt are well covered by EBIT (17x coverage).


Balance Sheet

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

Debt Coverage by Assets: KWS's debt is covered by short term assets (assets are 3.196020x debt).


Next Steps

Dividend

What is KWS SAAT SE KGaA's current dividend yield, its reliability and sustainability?

1.08%

Current Dividend Yield


Dividend Yield vs Market

company1.1%marketbottom25%1.5%markettop25%3.8%industryaverage1.6%forecastin3Years1.2%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: KWS's dividend (1.08%) isn’t notable compared to the bottom 25% of dividend payers in the German market (1.46%).

High Dividend: KWS's dividend (1.08%) is low compared to the top 25% of dividend payers in the German market (3.79%).

Stable Dividend: KWS's dividends per share have been stable in the past 10 years.

Growing Dividend: KWS's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (20.4%), KWS's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: KWS's dividends in 3 years are forecast to be well covered by earnings (21.1% payout ratio).


Next Steps

Management

What is the CEO of KWS SAAT SE KGaA's salary, the management and board of directors tenure and is there insider trading?

4.9yrs

Average management tenure


CEO

Hagen Duenbostel (49yo)

4.8yrs

Tenure

€1,156,588

Compensation

Dr. Hagen Duenbostel has been the Chief Executive Officer of KWS Saat SE since January 01, 2015 and has been its Member of the Executive Board since July 1, 2003. Dr. Duenbostel is Spokesman of the Executi ...


CEO Compensation Analysis

Compensation vs. Market: Hagen's total compensation ($USD0.00) is too low to compare against companies of similar size in the German market ($USD1.57M).

Compensation vs Earnings: Hagen's compensation has been consistent with company performance over the past year.


Management Age and Tenure

4.9yrs

Average Tenure

55.5yo

Average Age

Experienced Management: KWS's management team is considered experienced (4.9 years average tenure).


Board Age and Tenure

7.3yrs

Average Tenure

Experienced Board: KWS's board of directors are considered experienced (7.3 years average tenure).


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

  • Hagen Duenbostel (49yo)

    • Tenure: 4.8yrs
    • Compensation: €1.16m
  • Léon Broers (59yo)

    Member of the Executive Board

    • Tenure: 12.8yrs
    • Compensation: €1.04m
  • Eva Kienle (52yo)

    Member of the Executive Board & CFO

    • Tenure: 0yrs
    • Compensation: €953.99k
  • Andreas Rommert

    Head of Logistics

    • Tenure: 0yrs
  • Peter Hofmann (59yo)

    Member of the Executive Board

    • Tenure: 5yrs
    • Compensation: €931.66k
  • Wolf-Gebhard Von Der Wense

    Head of Investor Relations

    • Tenure: 0yrs
  • Felix Büchting

    Head of Cereals Segment & Member of the Executive Board

    • Tenure: 0.8yrs

Board Members

  • Arend Oetker (80yo)

    Honorary Member of the Supervisory Board

    • Tenure: 2.8yrs
    • Compensation: €42.00k
  • Andreas Büchting

    Chairman of the Supervisory Board

    • Tenure: 11.8yrs
    • Compensation: €168.00k
  • Cathrina Claas-Mühlhäuser

    Member of the Supervisory Board

    • Tenure: 11.8yrs
    • Compensation: €61.00k
  • Victor Balli (62yo)

    Member of the Supervisory Board

    • Tenure: 1.8yrs
  • Jürgen Bolduan

    Member of the Supervisory Board

    • Tenure: 11.8yrs
    • Compensation: €66.00k
  • Marie Schnell

    Deputy Chairwoman of the Supervisory Board

    • Tenure: 0yrs
    • Compensation: €28.00k
  • Christine Coenen

    Member of the Supervisory Board

    • Tenure: 2.3yrs

Company Information

KWS SAAT SE & Co. KGaA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: KWS SAAT SE & Co. KGaA
  • Ticker: KWS
  • Exchange: XTRA
  • Founded: 1856
  • Industry: Agricultural Products
  • Sector: Food, Beverage & Tobacco
  • Market Cap: €1.944b
  • Shares outstanding: 32.95m
  • Website: https://www.kws.com

Number of Employees


Location

  • KWS SAAT SE & Co. KGaA
  • Grimsehlstr. 31
  • Postfach 1463
  • Einbeck
  • Lower Saxony
  • 37555
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KWSDB (Deutsche Boerse AG)YesBearer SharesDEEURJan 1992
KWSXTRA (XETRA Trading Platform)YesBearer SharesDEEURJan 1992
0F1NLSE (London Stock Exchange)YesBearer SharesGBEURJan 1992
KNKZ.FOTCPK (Pink Sheets LLC)YesBearer SharesUSUSDJan 1992
KWSDBATS-CHIXE (BATS 'Chi-X Europe')YesBearer SharesGBEURJan 1992
KWSSWX (SIX Swiss Exchange)YesBearer SharesCHCHFJan 1992
KWSWBAG (Wiener Boerse AG)YesBearer SharesATEURJan 1992

Biography

KWS SAAT SE & Co. KGaA, together with its subsidiaries, engages in the development, production, and distribution of seeds for farmers worldwide. The company operates in three segments: Corn, Sugarbeet, and ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 20:58
End of Day Share Price2019/10/21 00:00
Earnings2019/03/31
Annual Earnings2018/06/30


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.