DB:PKB

Stock Analysis Report

Executive Summary

Park & Bellheimer AG manufactures and sells beverages primarily in Germany.

Snowflake

Fundamentals

Good value with moderate growth potential.

Share Price & News

How has Park & Bellheimer's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

PKB

2.7%

DE Beverage

4.4%

DE Market


1 Year Return

-6.6%

PKB

8.9%

DE Beverage

1.6%

DE Market

Return vs Industry: PKB underperformed the German Beverage industry which returned 8.9% over the past year.

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


Shareholder returns

PKBIndustryMarket
7 Day0%2.7%4.4%
30 Day-8.0%5.0%0.8%
90 Day2.2%3.0%2.3%
1 Year-6.6%-6.6%11.1%8.9%4.8%1.6%
3 Year14.9%14.9%46.2%39.1%18.9%8.6%
5 Year34.4%34.4%86.3%70.8%43.7%24.1%

Price Volatility Vs. Market

How volatile is Park & Bellheimer's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Park & Bellheimer undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: PKB (€1.84) is trading below our estimate of fair value (€3.93)

Significantly Undervalued: PKB is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: PKB is good value based on its PE Ratio (27.6x) compared to the Beverage industry average (27.6x).

PE vs Market: PKB is poor value based on its PE Ratio (27.6x) compared to the German market (19.5x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: PKB is good value based on its PB Ratio (1x) compared to the DE Beverage industry average (1.6x).


Next Steps

Future Growth

How is Park & Bellheimer forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

22.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PKB's forecast earnings growth (22.4% per year) is above the savings rate (0.2%).

Earnings vs Market: PKB's earnings (22.4% 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 PKB's revenue is forecast to grow faster than the German market.

High Growth Revenue: Insufficient data to determine if PKB'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 PKB's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Park & Bellheimer performed over the past 5 years?

30.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: PKB's earnings have grown significantly by 30% per year over the past 5 years.

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

Earnings vs Industry: PKB had negative earnings growth (-12.4%) over the past year, making it difficult to compare to the Beverage industry average (-2%).


Return on Equity

High ROE: PKB's Return on Equity (3.5%) is considered low.


Return on Assets

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


Return on Capital Employed

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


Next Steps

Financial Health

How is Park & Bellheimer's financial position?


Financial Position Analysis

Short Term Liabilities: PKB's short term assets (€6.9M) do not cover its short term liabilities (€8.5M)

Long Term Liabilities: PKB's short term assets (6.9M) do not cover its long term liabilities (9.3M)


Debt to Equity History and Analysis

Debt Level: PKB's debt to equity ratio (53.3%) is considered high

Reducing Debt: PKB's debt to equity ratio has increased from 42.6% to 53.3% over the past 5 years.

Debt Coverage: PKB's debt is well covered by operating cash flow (76.6%).

Interest Coverage: PKB's interest payments on its debt are well covered by EBIT (3.3x coverage).


Balance Sheet

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

Debt Coverage by Assets: PKB's debt is covered by short term assets (assets are 1.313700x debt).


Next Steps

Dividend

What is Park & Bellheimer's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.8%industryaverage1.7%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

High Dividend: Unable to evaluate PKB'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 PKB's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PKB'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 PKB'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 Park & Bellheimer's salary, the management and board of directors tenure and is there insider trading?


CEO

Park & Bellheimer 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.


Ownership Breakdown


Management Team

  • Roald Pauli

    Sole Member of the Management Board

    • Tenure: 0yrs
    • Compensation: €84.00k

Board Members

  • Michael Kranich (55yo)

    Chairman of the Supervisory Board

    • Tenure: 0yrs
    • Compensation: €10.00k
  • Eric Schäffer

    Vice-Chairman of the Supervisory Board

    • Tenure: 0yrs
    • Compensation: €7.50k
  • Bernhard Matheis

    Member of Supervisory Board

    • Tenure: 0yrs
    • Compensation: €5.00k
  • Fritz Brechtel

    Member of Supervisory Board

    • Tenure: 0yrs
    • Compensation: €5.00k
  • Andreas Kurz

    Employee Representative Member of Supervisory Board

    • Tenure: 0yrs
    • Compensation: €5.00k
  • Klaus Haag

    Employee Representative Member of the Supervisory Board

    • Tenure: 0.3yrs

Company Information

Park & Bellheimer AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Park & Bellheimer AG
  • Ticker: PKB
  • Exchange: DB
  • Founded: 1888
  • Industry: Brewers
  • Sector: Food, Beverage & Tobacco
  • Market Cap: €9.200m
  • Shares outstanding: 5.00m
  • Website: https://www.park-bellheimer.de

Number of Employees


Location

  • Park & Bellheimer AG
  • Zweibrücker Strasse 4
  • Pirmasens
  • Rhineland-Palatinate
  • 66953
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PKBDB (Deutsche Boerse AG)YesCommon SharesDEEURJan 1992

Biography

Park & Bellheimer AG manufactures and sells beverages primarily in Germany. It offers beers, soft drinks, and mineral water under the Park, Bellheimer, Valentins Weissbier, Rheingönheimer, and Bellaris bra ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/15 20:40
End of Day Share Price2019/10/15 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.