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FRoSTA

DB:NLM
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NLM
DB
€402M
Market Cap
  1. Home
  2. DE
  3. Food, Beverage & Tobacco
Company description

FRoSTA Aktiengesellschaft, together with its subsidiaries, develops, produces, and markets frozen food products in Germany and rest of Europe. The last earnings update was 110 days ago. More info.


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NLM Share Price and Events
7 Day Returns
-0.8%
DB:NLM
1.2%
DE Food
1.5%
DE Market
1 Year Returns
-27.2%
DB:NLM
-0.8%
DE Food
-5.8%
DE Market
NLM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
FRoSTA (NLM) -0.8% 8.3% -4.1% -27.2% -1.7% 153.3%
DE Food 1.2% 4.4% 3.4% -0.8% -6.6% 18.1%
DE Market 1.5% 1.3% 2.2% -5.8% 17.6% 8.7%
1 Year Return vs Industry and Market
  • NLM underperformed the Food industry which returned -0.8% over the past year.
  • NLM underperformed the Market in Germany which returned -5.8% over the past year.
Price Volatility
NLM
Industry
5yr Volatility vs Market
Related Companies

NLM Value

 Is FRoSTA 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 FRoSTA 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 FRoSTA.

DB:NLM 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%
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:NLM
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Food Unlevered Beta Simply Wall St/ S&P Global 0.55
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.545 (1 + (1- 30%) (10.5%))
0.722
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.8 * 5.96%)
5%

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

The calculations below outline how an intrinsic value for FRoSTA 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:NLM DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 5%)
2019 9.00 Analyst x1 8.57
2020 13.00 Analyst x1 11.79
2021 16.31 Est @ 25.47% 14.09
2022 19.23 Est @ 17.9% 15.82
2023 21.65 Est @ 12.6% 16.97
2024 23.58 Est @ 8.89% 17.60
2025 25.06 Est @ 6.29% 17.81
2026 26.18 Est @ 4.47% 17.72
2027 27.02 Est @ 3.2% 17.42
2028 27.64 Est @ 2.31% 16.98
Present value of next 10 years cash flows €154.78
DB:NLM DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €27.64 × (1 + 0.23%) ÷ (5% – 0.23%)
€581.03
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €581.03 ÷ (1 + 5%)10
€356.83
DB:NLM Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €154.78 + €356.83
€511.62
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €511.62 / 6.81
€75.11
DB:NLM Discount to Share Price
Calculation Result
Value per share (EUR) From above. €75.11
Current discount Discount to share price of €59.00
= -1 x (€59.00 - €75.11) / €75.11
21.4%

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

Current Discount
Amount off the current price FRoSTA is available for.
Intrinsic value
21%
Share price is €59 vs Future cash flow value of €75.11
Current Discount Checks
For FRoSTA to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • FRoSTA's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • FRoSTA's share price is below the future cash flow value, but not 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 FRoSTA's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are FRoSTA's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:NLM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €2.93
DB:NLM Share Price ** DB (2019-06-25) in EUR €59
Germany Food Industry PE Ratio Median Figure of 5 Publicly-Listed Food Companies 20.71x
Germany Market PE Ratio Median Figure of 425 Publicly-Listed Companies 19.8x

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

** Primary Listing of FRoSTA.

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

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

= 59 ÷ 2.93

20.11x

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

  • FRoSTA is good value based on earnings compared to the DE Food industry average.
  • FRoSTA is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does FRoSTA's expected growth come at a high price?
Raw Data
DB:NLM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.11x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
20.2%per year
Europe Food Industry PEG Ratio Median Figure of 67 Publicly-Listed Food Companies 1.7x
Germany Market PEG Ratio Median Figure of 272 Publicly-Listed Companies 1.45x

*Line of best fit is calculated by linear regression .

DB:NLM PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 20.11x ÷ 20.2%

1x

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

  • FRoSTA is good value based on expected growth next year.
Price based on value of assets
What value do investors place on FRoSTA's assets?
Raw Data
DB:NLM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €24.88
DB:NLM Share Price * DB (2019-06-25) in EUR €59
Germany Food Industry PB Ratio Median Figure of 7 Publicly-Listed Food Companies 2.15x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.8x
DB:NLM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 59 ÷ 24.88

2.37x

* Primary Listing of FRoSTA.

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

  • FRoSTA is overvalued based on assets compared to the DE Food industry average.
X
Value checks
We assess FRoSTA'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 Food 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 Food industry average (and greater than 0)? (1 check)
  5. FRoSTA has a total score of 3/6, 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.

NLM Future Performance

 How is FRoSTA 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
20.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is FRoSTA expected to grow at an attractive rate?
  • FRoSTA's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • FRoSTA's earnings growth is expected to exceed the Germany market average.
  • FRoSTA's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:NLM Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:NLM Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 20.2%
DB:NLM Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 5.1%
Germany Food Industry Earnings Growth Rate Market Cap Weighted Average 52.6%
Europe Food Industry Revenue Growth Rate Market Cap Weighted Average 4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*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:NLM 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:NLM Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 592 32 1
2020-12-31 562 43 27 1
2019-12-31 532 39 16 1
DB:NLM Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 509 47 20
2018-09-30 508 46 23
2018-06-30 507 46 25
2018-03-31 504 38 24
2017-12-31 501 31 23
2017-09-30 492 34 23
2017-06-30 482 36 23
2017-03-31 474 39 22
2016-12-31 466 41 22
2016-09-30 461 38 20
2016-06-30 455 35 19
2016-03-31 448 26 19

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • FRoSTA's earnings are expected to grow significantly at over 20% yearly.
  • FRoSTA's revenue is expected to grow by 5.1% 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:NLM 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 FRoSTA Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:NLM Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 4.72 4.72 4.72 1.00
2020-12-31 3.98 3.98 3.98 1.00
2019-12-31 2.37 2.37 2.37 1.00
DB:NLM Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 2.93
2018-09-30 3.32
2018-06-30
2018-03-31
2017-12-31 3.43
2017-09-30 3.39
2017-06-30
2017-03-31
2016-12-31 3.17
2016-09-30 2.97
2016-06-30
2016-03-31

*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.
  • FRoSTA is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess FRoSTA'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 Europe 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.
FRoSTA has a total score of 3/6, 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.

NLM Past Performance

  How has FRoSTA 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 FRoSTA's growth in the last year to its industry (Food).
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.
  • FRoSTA's year on year earnings growth rate has been positive over the past 5 years.
  • FRoSTA's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • FRoSTA's 1-year earnings growth is negative, it can't be compared to the DE Food industry average.
Earnings and Revenue History
FRoSTA'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 FRoSTA Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:NLM Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 509.29 19.98 67.07
2018-09-30 508.29 22.61 67.87
2018-06-30 507.29 25.24 68.66
2018-03-31 504.26 24.30 67.49
2017-12-31 501.24 23.35 66.32
2017-09-30 491.68 23.09 65.35
2017-06-30 482.12 22.84 64.39
2017-03-31 474.13 22.20 63.21
2016-12-31 466.14 21.57 62.03
2016-09-30 460.73 20.23 66.07
2016-06-30 455.33 18.89 70.11
2016-03-31 447.70 18.55 69.04
2015-12-31 440.07 18.21 67.96
2015-09-30 429.20 17.80 68.09
2015-06-30 418.33 17.39 68.21
2015-03-31 413.09 17.32 68.41
2014-12-31 407.85 17.25 68.60
2014-09-30 403.26 16.16 66.52
2014-06-30 398.68 15.08 64.44
2014-03-31 392.63 13.56 63.39
2013-12-31 386.58 12.04 62.34
2013-09-30 384.79 10.05 61.48
2013-06-30 383.00 8.06 60.62
2013-03-31 381.49 7.07 60.10
2012-12-31 379.98 6.08 59.58
2012-09-30 378.81 7.51 59.52
2012-06-30 377.63 8.93 59.46

*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.
  • FRoSTA has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • FRoSTA used its assets more efficiently than the DE Food industry average last year based on Return on Assets.
  • FRoSTA has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess FRoSTA'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 Food 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.
FRoSTA has a total score of 3/6, 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.

NLM Health

 How is FRoSTA'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 FRoSTA's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • FRoSTA is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • FRoSTA's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of FRoSTA'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 4.6x debt.
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 FRoSTA Company Filings, last reported 5 months ago.

DB:NLM Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 169.46 42.21 13.18
2018-09-30 169.46 42.21 13.18
2018-06-30 161.74 41.87 15.85
2018-03-31 161.74 41.87 15.85
2017-12-31 161.90 44.57 16.87
2017-09-30 161.90 44.57 16.87
2017-06-30 145.70 41.80 13.49
2017-03-31 145.70 41.80 13.49
2016-12-31 145.73 27.62 17.42
2016-09-30 145.73 27.62 17.42
2016-06-30 133.55 27.39 13.50
2016-03-31 133.55 27.39 13.50
2015-12-31 134.70 33.24 16.08
2015-09-30 134.70 33.24 16.08
2015-06-30 124.98 26.45 4.69
2015-03-31 124.98 26.45 4.69
2014-12-31 125.68 29.47 18.83
2014-09-30 125.68 29.47 18.83
2014-06-30 118.13 34.54 14.96
2014-03-31 118.13 34.54 14.96
2013-12-31 116.61 39.08 17.75
2013-09-30 116.61 39.08 17.75
2013-06-30 107.75 45.65 14.91
2013-03-31 107.75 45.65 14.91
2012-12-31 108.35 49.96 10.98
2012-09-30 108.35 49.96 10.98
2012-06-30 103.63 54.91 10.27
  • FRoSTA's level of debt (24.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (33.5% vs 24.9% today).
  • Debt is well covered by operating cash flow (111.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 50.3x coverage).
X
Financial health checks
We assess FRoSTA'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. FRoSTA 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.

NLM Dividends

 What is FRoSTA'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
2.71%
Current annual income from FRoSTA dividends. Estimated to be 3.16% next year.
If you bought €2,000 of FRoSTA shares you are expected to receive €54 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?
  • FRoSTA's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
  • FRoSTA's dividend is below the markets top 25% of dividend payers in Germany (3.81%).
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:NLM 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 Food Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 1.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 328 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 3.8%

Industry and Market average data is calculated daily.

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

DB:NLM Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 2.14 1.00
2020-12-31 2.01 1.00
2019-12-31 1.43 1.00
DB:NLM Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-07 1.600 2.670
2018-03-29 1.600 2.168
2017-03-31 1.500 2.027
2016-04-11 1.360 2.364
2015-04-01 1.360 3.676
2014-04-01 1.000 4.025
2013-03-27 0.750 4.345
2012-03-27 0.750 4.631
2011-03-16 0.750 4.213
2010-01-04 0.750 4.051

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

  • Whilst dividend payments have been stable, FRoSTA has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but FRoSTA only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of FRoSTA's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.2x coverage).
X
Income/ dividend checks
We assess FRoSTA'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 FRoSTA afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. FRoSTA has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

NLM Management

 What is the CEO of FRoSTA'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
Felix Ahlers
AGE 52
TENURE AS CEO 9.4 years
CEO Bio

Mr. Felix Ahlers has been the Chairman of Executive Board at Frosta AG since January 1, 2010 and has been its Member of Managing Board since October 11, 2003. Mr. Ahlers serves as the Chief Executive Officer of Frosta AG. He served as Vice President of Marketing and Sales at Frosta AG since October 11, 2003. He serves as a Member of Supervisory Board of Hochland SE.

CEO Compensation
  • Insufficient data for Felix to compare compensation growth.
  • Insufficient data for Felix to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure of the FRoSTA management team in years:

9.4
Average Tenure
  • The average tenure for the FRoSTA management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Felix Ahlers

TITLE
Chairman of the Executive Board & CEO
AGE
52
TENURE
9.4 yrs

Maik Busse

TITLE
VP of Business Partnering & Administration and Member of Executive Board
TENURE
2.2 yrs

Hinnerk Ehlers

TITLE
VP of Marketing
TENURE
9.4 yrs
Board of Directors

Dirk Ahlers

TITLE
Chairman of the Supervisory Board

Volker Kuhn

TITLE
Vice Chairman of Supervisory Board
TENURE
1 yrs

Jürgen Schimmelpfennig

TITLE
Employee Representative Member of Supervisory Board
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess FRoSTA'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. FRoSTA 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.

NLM News

Simply Wall St News

Announcing: FRoSTA (FRA:NLM) Stock Increased An Energizing 146% In The Last Five Years

One great example is FRoSTA Aktiengesellschaft (FRA:NLM) which saw its share price drive 146% higher over five years. … During five years of share price growth, FRoSTA achieved compound earnings per share (EPS) growth of 10% per year. … As it happens, FRoSTA's TSR for the last 5 years was 182%, which exceeds the share price return mentioned earlier.

Simply Wall St -

What Can We Make Of FRoSTA Aktiengesellschaft’s (FRA:NLM) High Return On Capital?

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Return On Capital Employed (ROCE): What is it? … Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for FRoSTA: 0.15 = €30m ÷ (€329m - €130m) (Based on the trailing twelve months to December 2018.) So, FRoSTA has an ROCE of 15%.

Simply Wall St -

These Fundamentals Make FRoSTA Aktiengesellschaft (FRA:NLM) Truly Worth Looking At

Flawless balance sheet and good value NLM's share price is trading at below its true value, meaning that the market sentiment for the stock is currently bearish. … Also, relative to the rest of its peers with similar levels of earnings, NLM's share price is trading below the group's average. … DB:NLM Historical Debt, May 30th 2019 Next Steps: For FRoSTA, there are three essential aspects you should look at: Historical Performance: What has NLM's returns been like over the past?

Simply Wall St -

Can FRoSTA Aktiengesellschaft's (FRA:NLM) ROE Continue To Surpass The Industry Average?

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for FRoSTA: 12% = €20m ÷ €169m (Based on the trailing twelve months to December 2018.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Does FRoSTA Have A Good Return On Equity? … FRoSTA's Debt And Its 12% ROE While FRoSTA does have some debt, with debt to equity of just 0.25, we wouldn't say debt is excessive.

Simply Wall St -

Three Things You Should Check Before Buying FRoSTA Aktiengesellschaft (FRA:NLM) For Its Dividend

Is FRoSTA Aktiengesellschaft (FRA:NLM) a good dividend stock? … A dividend paying company with growing earnings can be rewarding in the long term. … With a 2.6% yield and a nine-year payment history, investors probably think FRoSTA looks like a reliable dividend stock.

Simply Wall St -

What Should We Expect From FRoSTA Aktiengesellschaft's (FRA:NLM) Earnings Over The Next Few Years?

FRoSTA Aktiengesellschaft's (FRA:NLM) announced its latest earnings update in December 2018, whicha … confirmed

Simply Wall St -

What Should We Expect From FRoSTA Aktiengesellschaft's (FRA:NLM) Earnings In The Next 12 Months?

Looking at FRoSTA Aktiengesellschaft's (FRA:NLM) earnings update in December 2018,. … analyst consensus outlook appear cautiously optimistic, … the past 5-year average growth rate of 11%

Simply Wall St -

Does FRoSTA Aktiengesellschaft (FRA:NLM) Have A Good P/E Ratio?

To keep it practical, we'll show how FRoSTA Aktiengesellschaft's (FRA:NLM) P/E ratio could help you assess the value on offer. … FRoSTA has a price to earnings ratio of 21.14, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

FRoSTA Aktiengesellschaft (FRA:NLM): Should The Recent Earnings Drop Worry You?

After reading FRoSTA Aktiengesellschaft's (FRA:NLM) most recent earnings announcement (31 December 2018), I found it useful to look back at how the company has performed in the past and compare this against the latest numbers. … NLM's trailing twelve-month earnings (from 31 December 2018) of €20m has. … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 11%, indicating the rate at which NLM is growing has slowed down

Simply Wall St -

Is FRoSTA Aktiengesellschaft's (FRA:NLM) Balance Sheet Strong Enough To Weather A Storm?

While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Evaluating financial health as part of your investment thesis is. … Let's work through some financial health checks you may wish to consider if you're interested in this stock.

Simply Wall St -

NLM Company Info

Description

FRoSTA Aktiengesellschaft, together with its subsidiaries, develops, produces, and markets frozen food products in Germany and rest of Europe. The company offers readymade meals; vegetable mixtures; and fish specialties. It also engages in the food service and home delivery activities. The company sells its products under the FRoSTA, Elbtal, and TIKO brands, as well as under various private labels. FRoSTA Aktiengesellschaft was incorporated in 1905 and is headquartered in Bremerhaven, Germany.

Details
Name: FRoSTA Aktiengesellschaft
NLM
Exchange: DB
Founded: 1905
€401,886,465
6,811,635
Website: http://www.frosta-ag.com
Address: FRoSTA Aktiengesellschaft
Am Lunedeich 116,
Bremerhaven,
Bremen, 27572,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
DB NLM Common Stock Deutsche Boerse AG DE EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
1,778
FRoSTA employees.
Industry
Packaged Foods and Meats
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/25 20:49
End of day share price update: 2019/06/25 00:00
Last estimates confirmation: 2019/05/28
Last earnings filing: 2019/03/07
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.