DB:SSH

Stock Analysis Report

Südwestdeutsche Salzwerke

Executive Summary

Südwestdeutsche Salzwerke AG mines, produces, and sells salt in Europe.

Snowflake

Fundamentals

Flawless balance sheet with solid track record and pays a dividend.


Similar Companies

Share Price & News

How has Südwestdeutsche Salzwerke's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

3.0%

SSH

-5.6%

DE Food

4.4%

DE Market


1 Year Return

-1.4%

SSH

-4.4%

DE Food

1.6%

DE Market

Return vs Industry: SSH matched the German Food industry which returned -4.4% over the past year.

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


Shareholder returns

SSHIndustryMarket
7 Day3.0%-5.6%4.4%
30 Day3.0%-6.0%0.8%
90 Day1.5%-6.4%2.3%
1 Year0.7%-1.4%-2.8%-4.4%4.8%1.6%
3 Year69.6%56.8%-21.5%-26.4%18.9%8.6%
5 Year124.6%94.4%31.9%20.4%43.7%24.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Südwestdeutsche Salzwerke undervalued compared to its fair value and its price relative to the market?

25.77x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: SSH (€69) is trading above our estimate of fair value (€34.06)

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


Price To Earnings Ratio

PE vs Industry: SSH is poor value based on its PE Ratio (25.8x) compared to the Food industry average (22.1x).

PE vs Market: SSH is poor value based on its PE Ratio (25.8x) compared to the German market (19.5x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: SSH is overvalued based on its PB Ratio (3x) compared to the DE Food industry average (1.8x).


Next Steps

Future Growth

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

1.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SSH's forecast earnings growth (1.2% per year) is above the savings rate (0.2%).

Earnings vs Market: SSH's earnings (1.2% per year) are forecast to grow slower than the German market (12.6% per year).

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

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

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


Next Steps

Past Performance

How has Südwestdeutsche Salzwerke performed over the past 5 years?

7.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: SSH's earnings have grown by 7.3% per year over the past 5 years.

Accelerating Growth: SSH's earnings growth over the past year (17.4%) exceeds its 5-year average (7.3% per year).

Earnings vs Industry: SSH earnings growth over the past year (17.4%) exceeded the Food industry 14.4%.


Return on Equity

High ROE: SSH's Return on Equity (11.7%) is considered low.


Return on Assets

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


Return on Capital Employed

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


Next Steps

Financial Health

How is Südwestdeutsche Salzwerke's financial position?


Financial Position Analysis

Short Term Liabilities: SSH's short term assets (€124.4M) exceeds its short term liabilities (€43.1M)

Long Term Liabilities: SSH's short term assets (124.4M) exceeds its long term liabilities (57.2M)


Debt to Equity History and Analysis

Debt Level: SSH's debt to equity ratio (0.3%) is considered satisfactory

Reducing Debt: SSH's debt to equity ratio has reduced from 1.7% to 0.3% over the past 5 years.

Debt Coverage: SSH's debt is well covered by operating cash flow (6232.6%).

Interest Coverage: SSH's interest payments on its debt are well covered by EBIT (36.1x coverage).


Balance Sheet

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

Debt Coverage by Assets: SSH's debt is covered by short term assets (assets are 191.967590x debt).


Next Steps

Dividend

What is Südwestdeutsche Salzwerke's current dividend yield, its reliability and sustainability?

2.32%

Current Dividend Yield


Dividend Yield vs Market

company2.3%marketbottom25%1.4%markettop25%3.8%industryaverage1.6%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: SSH's dividend (2.32%) is higher than the bottom 25% of dividend payers in the German market (1.45%).

High Dividend: SSH's dividend (2.32%) is low compared to the top 25% of dividend payers in the German market (3.85%).

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (59.7%), SSH's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of Südwestdeutsche Salzwerke's salary, the management and board of directors tenure and is there insider trading?

€334k

CEO Compensation


CEO

Ulrich Fluck 0

3.8yrs

Tenure

€334,000

Compensation

Mr. Ulrich Fluck has been Chairman of the Management Board at Südwestdeutsche Salzwerke AG since January 01, 2016 and Member of the Management Board since September 01, 2014. Mr. Fluck also serves as Head  ...


CEO Compensation Analysis

Compensation vs. Market: Ulrich's total compensation ($USD368.61K) is below average for companies of similar size in the German market ($USD1.16M).

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


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Management Team

  • Wolfgang Rüther

    Head of Mine Heilbronn

    • Tenure: 0yrs
    • Compensation: €287.00k
  • Ulrich Fluck

    Chairman & Head of Finance

    • Tenure: 3.8yrs
    • Compensation: €334.00k

Board Members

  • Helmfried Meinel

    Member of Supervisory Board

    • Tenure: 0yrs
    • Compensation: €15.53k
  • Andreas Klose

    Member of Supervisory Board

    • Tenure: 0yrs
    • Compensation: €15.53k
  • Rainer Schleyer

    Member of Supervisory Board

    • Tenure: 0yrs
    • Compensation: €15.38k
  • Harry Mergel

    Vice Chairman of Supervisory Board

    • Tenure: 0yrs
    • Compensation: €23.36k
  • Andreas Pfnür

    Member of the Supervisory Board

    • Tenure: 0yrs
    • Compensation: €15.38k
  • Thomas Strobl

    Chairman of Supervisory Board

    • Tenure: 0yrs
    • Compensation: €23.50k
  • Gisela Splett

    Member of Supervisory Board

    • Tenure: 2.9yrs
    • Compensation: €15.51k
  • Willi Stächele

    Supervisory Board Member

    • Tenure: 0yrs
    • Compensation: €15.11k
  • Peter Kutschker

    Supervisory Board member

    • Tenure: 0yrs
    • Compensation: €15.17k

Company Information

Südwestdeutsche Salzwerke AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Südwestdeutsche Salzwerke AG
  • Ticker: SSH
  • Exchange: DB
  • Founded:
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: €782.809m
  • Shares outstanding: 10.51m
  • Website: https://www.salzwerke.de

Number of Employees


Location

  • Südwestdeutsche Salzwerke AG
  • Salzgrund 67
  • Heilbronn
  • 74076
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SSHDB (Deutsche Boerse AG)YesShare CapitalDEEURJan 1992

Biography

Südwestdeutsche Salzwerke AG mines, produces, and sells salt in Europe. The company provides stone and evaporated salts for industrial users and private households, as well as to industry and winter servic ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/15 20:42
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.