XTRA:BEI

Stock Analysis Report

Executive Summary

Beiersdorf Aktiengesellschaft manufactures and distributes consumer goods in Europe, the Americas, Africa, Asia, and Australia.

Rewards

Trading at 35.7% below its fair value

Earnings are forecast to grow 8.66% per year

Risk Analysis

No risks detected for BEI from our risk checks.


Snowflake Analysis

Excellent balance sheet and slightly overvalued.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: BEI has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

2.1%

BEI

0.8%

DE Personal Products

7.1%

DE Market


1 Year Return

-1.3%

BEI

-8.5%

DE Personal Products

-17.5%

DE Market

Return vs Industry: BEI exceeded the German Personal Products industry which returned -8.5% over the past year.

Return vs Market: BEI exceeded the German Market which returned -17.5% over the past year.


Shareholder returns

BEIIndustryMarket
7 Day2.1%0.8%7.1%
30 Day-3.5%-8.2%-20.0%
90 Day-14.1%-13.8%-26.1%
1 Year-0.5%-1.3%-6.5%-8.5%-15.0%-17.5%
3 Year5.6%3.2%17.0%9.1%-18.8%-25.8%
5 Year16.2%12.5%36.1%21.5%-17.9%-29.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

35.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BEI (€91.56) is trading below our estimate of fair value (€142.45)

Significantly Below Fair Value: BEI is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: BEI is poor value based on its PE Ratio (28.9x) compared to the Personal Products industry average (19.8x).

PE vs Market: BEI is poor value based on its PE Ratio (28.9x) compared to the German market (16.5x).


Price to Earnings Growth Ratio

PEG Ratio: BEI is poor value based on its PEG Ratio (3.3x)


Price to Book Ratio

PB vs Industry: BEI is overvalued based on its PB Ratio (3.4x) compared to the XE Personal Products industry average (1.7x).


Next Steps

Future Growth

How is Beiersdorf forecast to perform in the next 1 to 3 years based on estimates from 22 analysts?

8.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BEI's forecast earnings growth (8.7% per year) is above the savings rate (-0.4%).

Earnings vs Market: BEI's earnings (8.7% per year) are forecast to grow slower than the German market (14.2% per year).

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

Revenue vs Market: BEI's revenue (3.8% per year) is forecast to grow slower than the German market (4.2% per year).

High Growth Revenue: BEI's revenue (3.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BEI's Return on Equity is forecast to be low in 3 years time (12%).


Next Steps

Past Performance

How has Beiersdorf performed over the past 5 years?

4.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BEI has high quality earnings.

Growing Profit Margin: BEI's current net profit margins (9.4%) are lower than last year (10.1%).


Past Earnings Growth Analysis

Earnings Trend: BEI's earnings have grown by 4.8% per year over the past 5 years.

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

Earnings vs Industry: BEI had negative earnings growth (-1.4%) over the past year, making it difficult to compare to the Personal Products industry average (-1.4%).


Return on Equity

High ROE: BEI's Return on Equity (12.1%) is considered low.


Next Steps

Financial Health

How is Beiersdorf's financial position?


Financial Position Analysis

Short Term Liabilities: BEI's short term assets (€4.7B) exceed its short term liabilities (€2.8B).

Long Term Liabilities: BEI's short term assets (€4.7B) exceed its long term liabilities (€1.1B).


Debt to Equity History and Analysis

Debt Level: BEI's debt to equity ratio (4.6%) is considered satisfactory.

Reducing Debt: BEI's debt to equity ratio has increased from 1.4% to 4.6% over the past 5 years.

Debt Coverage: BEI's debt is well covered by operating cash flow (349.5%).

Interest Coverage: BEI earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

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

Debt Coverage by Assets: BEI's debt is covered by short term assets (assets are 16.9x debt).


Next Steps

Dividend

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

0.76%

Current Dividend Yield


Upcoming Dividend Payment

TodayMar 30 2020Ex Dividend DateApr 30 2020Dividend Pay DateMay 05 20205 days from Ex DividendBuy in the next 31 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: BEI's dividend (0.76%) isn’t notable compared to the bottom 25% of dividend payers in the German market (1.71%).

High Dividend: BEI's dividend (0.76%) is low compared to the top 25% of dividend payers in the German market (4.98%).


Stability and Growth of Payments

Stable Dividend: BEI is not paying a notable dividend for the German market, therefore no need to check if payments are stable.

Growing Dividend: BEI is not paying a notable dividend for the German market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: BEI is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BEI's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.3yrs

Average management tenure


CEO

Stefan De Loecker (52yo)

1.17s

Tenure

€4,009,000

Compensation

Mr. Stefan De Loecker has been Chairman of the Executive Board of Beiersdorf Aktiengesellschaft since January 01, 2019 and also serves as Chief Executive Officer. He serves as Member of the Executive Board ...


CEO Compensation Analysis

Compensation vs Market: Stefan's total compensation ($USD4.45M) is about average for companies of similar size in the German market ($USD5.11M).

Compensation vs Earnings: Stefan's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Stefan De Loecker
Chairman of the Executive Board & CEO1.17yrs€4.01mno data
Manuela Rousseau
Head of Corp. Social Responsibility & Employee Representative Deputy Chairman of Supervisory Board0.92yr€130.02kno data
Dessi Temperley
CFO & Member of Executive Board1.67yrs€1.22mno data
Thomas Ingelfinger
Member of the Executive Board5.67yrs€1.31mno data
Zhengrong Liu
Labor Relations Director & Member of the Executive Board5.67yrs€1.64mno data
Vincent Warnery
Member of the Executive Board3yrs€1.56mno data
Asim Naseer
Chief Marketing Officer of Consumer Brands & Member of Executive Board1.17yrs€1.65mno data
Ramon Mirt
Member of Executive Board1yr€2.36mno data
Reiner Hansert
Director of Legal Affairs Europe & Employee Representative Member of Supervisory Board2.92yrs€143.00kno data
Barbara Saunier
Chief Information Officer9.92yrsno datano data

2.3yrs

Average Tenure

53yo

Average Age

Experienced Management: BEI's management team is considered experienced (2.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Manuela Rousseau
Head of Corp. Social Responsibility & Employee Representative Deputy Chairman of Supervisory Board0.92yr€130.02kno data
Reiner Hansert
Director of Legal Affairs Europe & Employee Representative Member of Supervisory Board2.92yrs€143.00kno data
Reinhard Pöllath
Independent Chairman of the Supervisory Board11.92yrs€233.50kno data
Georg Claussen
Honorary Chairmanno datano datano data
Michael Herz
Member of the Supervisory Board15.75yrs€116.00kno data
Frédéric Pflanz
Independent Member of Supervisory Board0.92yr€65.32kno data
Christine Martel
Independent Member of the Supervisory Board7.92yrs€201.00kno data
Martin Hansson
Independent Deputy Chairman of Supervisory Board1.92yrs€148.50kno data
Hong Chow
Independent Member of the Supervisory Board2.92yrs€111.00kno data
Jan Koltze
Employee Representative Member of Supervisory Board0.92yr€65.32kno data

2.9yrs

Average Tenure

56yo

Average Age

Experienced Board: BEI's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Beiersdorf Aktiengesellschaft's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Beiersdorf Aktiengesellschaft
  • Ticker: BEI
  • Exchange: XTRA
  • Founded: 1882
  • Industry: Personal Products
  • Sector: Household
  • Market Cap: €20.768b
  • Shares outstanding: 226.82m
  • Website: https://www.beiersdorf.com

Number of Employees


Location

  • Beiersdorf Aktiengesellschaft
  • Unnastrasse 48
  • Hamburg
  • Hamburg
  • 20245
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BEIDB (Deutsche Boerse AG)YesBearer SharesDEEURJan 1992
BEIXTRA (XETRA Trading Platform)YesBearer SharesDEEURJan 1992
0DQ7LSE (London Stock Exchange)YesBearer SharesGBEURJan 1992
BDRF.FOTCPK (Pink Sheets LLC)YesBearer SharesUSUSDJan 1992
BEIDBATS-CHIXE (BATS 'Chi-X Europe')YesBearer SharesGBEURJan 1992
BEIBRSE (Berne Stock Exchange)YesBearer SharesCHCHFJan 1992
BEIWBAG (Wiener Boerse AG)YesBearer SharesATEURJan 1992
-SWX (SIX Swiss Exchange)YesBearer SharesCHCHFJan 1992
BEIBIT (Borsa Italiana)YesBearer SharesITEURJan 1992
BDRF.YOTCPK (Pink Sheets LLC)UNSP ADR EACH REPR 0.20 ORDUSUSDNov 2008
BEIADB (Deutsche Boerse AG)UNSP ADR EACH REPR 0.20 ORDDEEURNov 2008

Biography

Beiersdorf Aktiengesellschaft manufactures and distributes consumer goods in Europe, the Americas, Africa, Asia, and Australia. It operates in two segments, Consumer Business and Tesa Business. The Consumer Business Segment offers skin and body care products. The Tesa Business segment manufactures and sells self-adhesive system and product solutions for industries, craft businesses, and consumers. This segment offers its system solutions to the electronics, printing and paper, building and construction, and automotive industries. The company offers its products in the area of skin and body care; and technical adhesive tapes primarily under the NIVEA, Eucerin, La Prairie, Hansaplast, Elastoplast, Labello, Aquaphor, atrix, Florena, 8x4, Hidrofugal, SLEK, and Maestro brands. The company was founded in 1882 and is based in Hamburg, Germany. Beiersdorf Aktiengesellschaft is a subsidiary of maxingvest ag. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/29 21:41
End of Day Share Price2020/03/27 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.