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Nabaltec

XTRA:NTG
Snowflake Description

Reasonable growth potential with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NTG
XTRA
€269M
Market Cap
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Last updated 2019/03/23 21:03
Company description

Nabaltec AG develops, manufactures, and distributes specialized products based on mineral raw materials worldwide. The last earnings update was 116 days ago. More info.

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  • Nabaltec has significant price volatility in the past 3 months.
NTG Share Price and Events
7 Day Returns
5.9%
XTRA:NTG
-2.5%
DE Chemicals
-2.2%
DE Market
1 Year Returns
15.1%
XTRA:NTG
-14%
DE Chemicals
-7.4%
DE Market
NTG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Nabaltec (NTG) 5.9% 9.3% 40.6% 15.1% 125.3% 194.4%
DE Chemicals -2.5% -0.6% 8.5% -14% 12.7% -1%
DE Market -2.2% -0.2% 6.8% -7.4% 7.4% 6.8%
1 Year Return vs Industry and Market
  • NTG outperformed the Chemicals industry which returned -14% over the past year.
  • NTG outperformed the Market in Germany which returned -7.4% over the past year.
Price Volatility
NTG
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Nabaltec 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 Nabaltec 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 Nabaltec.

XTRA:NTG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.8%
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 XTRA:NTG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Chemicals Unlevered Beta Simply Wall St/ S&P Global 0.97
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.969 (1 + (1- 30%) (26.88%)) 		1.101
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)		 1.1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.101 * 5.96%) 		6.79%

Discounted Cash Flow Calculation for XTRA:NTG using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Nabaltec 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.

XTRA:NTG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.79%)
2019 18.00 Analyst x1 16.86
2020 16.65 Analyst x2 14.60
2021 20.60 Analyst x1 16.92
2022 23.67 Est @ 14.92% 18.20
2023 26.16 Est @ 10.52% 18.84
2024 28.11 Est @ 7.43% 18.95
2025 29.59 Est @ 5.27% 18.68
2026 30.70 Est @ 3.76% 18.15
2027 31.53 Est @ 2.7% 17.45
2028 32.15 Est @ 1.96% 16.66
Present value of next 10 years cash flows €175.31
XTRA:NTG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €32.15 × (1 + 0.23%) ÷ (6.79% – 0.23%) 		€490.97
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €490.97 ÷ (1 + 6.79%)10 		€254.54
XTRA:NTG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €175.31 + €254.54 		€429.85
Equity Value per Share
(EUR)		 = Total value / Shares Outstanding
= €429.85 / 8.80 		€48.85
XTRA:NTG Discount to Share Price
Calculation Result
Value per share (EUR) From above. €48.85
Current discount Discount to share price of €30.50
= -1 x (€30.50 - €48.85) / €48.85 		37.6%

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

Current Discount
Amount off the current price Nabaltec is available for.
Intrinsic value
38%
Share price is €30.5 vs Future cash flow value of €48.85
Current Discount Checks
For Nabaltec to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Nabaltec's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Nabaltec'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 Nabaltec's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Nabaltec's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
XTRA:NTG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in EUR €1.17
XTRA:NTG Share Price ** XTRA (2019-03-22) in EUR €30.5
Germany Chemicals Industry PE Ratio Median Figure of 17 Publicly-Listed Chemicals Companies 15.54x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 18.27x

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

** Primary Listing of Nabaltec.

XTRA:NTG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= XTRA:NTG Share Price ÷ EPS (both in EUR)

= 30.5 ÷ 1.17

 26.05x

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

  • Nabaltec is overvalued based on earnings compared to the DE Chemicals industry average.
  • Nabaltec is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Nabaltec's expected growth come at a high price?
Raw Data
XTRA:NTG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 26.05x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts		 25.5%per year
Germany Chemicals Industry PEG Ratio Median Figure of 14 Publicly-Listed Chemicals Companies 2.31x
Germany Market PEG Ratio Median Figure of 276 Publicly-Listed Companies 1.37x

*Line of best fit is calculated by linear regression .

XTRA:NTG PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 26.05x ÷ 25.5%

 1.02x

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

  • Nabaltec is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Nabaltec's assets?
Raw Data
XTRA:NTG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in EUR €10.41
XTRA:NTG Share Price * XTRA (2019-03-22) in EUR €30.5
Germany Chemicals Industry PB Ratio Median Figure of 20 Publicly-Listed Chemicals Companies 1.72x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.78x
XTRA:NTG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= XTRA:NTG Share Price ÷ Book Value per Share (both in EUR)

= 30.5 ÷ 10.41

 2.93x

* Primary Listing of Nabaltec.

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

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

Future Performance

 How is Nabaltec expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

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
25.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Nabaltec expected to grow at an attractive rate?
  • Nabaltec's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Nabaltec's earnings growth is expected to exceed the Germany market average.
  • Nabaltec's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
XTRA:NTG Future Growth Rates Data Sources
Data Point Source Value (per year)
XTRA:NTG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 25.5%
XTRA:NTG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 9.7%
Germany Chemicals Industry Earnings Growth Rate Market Cap Weighted Average 5.5%
Germany Chemicals Industry Revenue Growth Rate Market Cap Weighted Average 9.2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.8%

*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
XTRA:NTG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
XTRA:NTG Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 239 33 24 1
2020-12-31 214 30 17 2
2019-12-31 198 31 15 2
2018-12-31 177 22 11 1
XTRA:NTG Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-09-30 174 18 10
2018-06-30 172 25 10
2018-03-31 171 25 12
2017-12-31 169 26 11
2017-09-30 168 30 9
2017-06-30 165 24 7
2017-03-31 163 26 6
2016-12-31 160 26 5
2016-09-30 159 19 7
2016-06-30 158 16 7
2016-03-31 155 14 6
2015-12-31 152 20 7

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Nabaltec's earnings are expected to grow significantly at over 20% yearly.
  • Nabaltec's revenue is expected to grow by 9.7% 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
XTRA:NTG 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 2 Analyst Estimates (S&P Global) See Below

All data from Nabaltec Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XTRA:NTG Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 2.67 2.67 2.67 1.00
2020-12-31 1.94 2.33 1.54 2.00
2019-12-31 1.71 1.94 1.48 2.00
2018-12-31 1.20 1.30 1.09 2.00
XTRA:NTG Past Financials Data
Date (Data in EUR Millions) EPS *
2018-09-30 1.17
2018-06-30 1.21
2018-03-31 1.43
2017-12-31 1.39
2017-09-30 1.07
2017-06-30 0.89
2017-03-31 0.72
2016-12-31 0.67
2016-09-30 0.85
2016-06-30 0.83
2016-03-31 0.80
2015-12-31 0.84

*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.
  • Nabaltec is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Show me more growth companies in the Chemicals industry
X
Future performance checks
We assess Nabaltec'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 Germany 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.
Nabaltec has a total score of 4/6, 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.

Past Performance

  How has Nabaltec 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 Nabaltec's growth in the last year to its industry (Chemicals).
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.
  • Nabaltec has delivered over 20% year on year earnings growth in the past 5 years.
  • Nabaltec's 1-year earnings growth is less than its 5-year average (4.3% vs 23.3%)
  • Nabaltec's earnings growth has not exceeded the DE Chemicals industry average in the past year (4.3% vs 6.1%).
Earnings and Revenue History
Nabaltec'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 Nabaltec Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XTRA:NTG Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 174.23 9.64 33.52
2018-06-30 172.49 10.46 33.22
2018-03-31 170.99 12.10 32.67
2017-12-31 169.39 11.45 32.19
2017-09-30 168.12 9.24 34.28
2017-06-30 164.74 7.13 33.73
2017-03-31 162.58 5.78 33.22
2016-12-31 160.15 5.34 32.55
2016-09-30 159.22 6.78 28.85
2016-06-30 158.42 6.67 28.27
2016-03-31 154.51 6.43 27.64
2015-12-31 152.07 6.71 27.54
2015-09-30 149.80 6.18 27.60
2015-06-30 148.65 6.69 27.28
2015-03-31 145.85 6.19 26.78
2014-12-31 143.92 5.49 26.00
2014-09-30 140.46 3.84 27.07
2014-06-30 137.67 3.61 26.37
2014-03-31 135.43 3.58 25.74
2013-12-31 133.35 2.65 25.10
2013-09-30 131.92 2.94 24.91
2013-06-30 130.32 2.09 24.55
2013-03-31 130.54 1.70 24.46
2012-12-31 130.05 2.06 24.20
2012-09-30 129.69 2.43 23.81
2012-06-30 128.19 2.16 23.86
2012-03-31 128.80 2.70 23.72

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

Health

 How is Nabaltec'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 Nabaltec's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Nabaltec is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Nabaltec's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Nabaltec'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 1.2x 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 Nabaltec Company Filings, last reported 5 months ago.

XTRA:NTG Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 91.64 72.39 40.12
2018-06-30 89.25 71.81 43.65
2018-03-31 86.53 72.33 47.59
2017-12-31 84.56 74.08 46.66
2017-09-30 81.77 80.10 52.50
2017-06-30 61.53 79.22 29.67
2017-03-31 59.93 79.99 30.98
2016-12-31 57.77 85.48 36.81
2016-09-30 61.47 78.33 41.14
2016-06-30 60.56 78.94 42.05
2016-03-31 58.66 81.35 41.79
2015-12-31 58.10 95.44 42.87
2015-09-30 58.09 86.29 50.35
2015-06-30 57.81 88.28 56.68
2015-03-31 56.29 64.75 33.42
2014-12-31 52.46 82.87 27.78
2014-09-30 55.17 74.09 30.57
2014-06-30 52.53 75.86 29.24
2014-03-31 51.30 78.57 30.63
2013-12-31 50.37 89.26 30.21
2013-09-30 51.79 75.90 15.01
2013-06-30 50.35 78.73 21.36
2013-03-31 48.60 88.92 17.11
2012-12-31 47.49 78.87 14.97
2012-09-30 50.41 87.55 19.50
2012-06-30 49.79 88.40 20.46
2012-03-31 47.91 88.66 16.16
  • Nabaltec's level of debt (79%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (146.9% vs 79% today).
  • Debt is well covered by operating cash flow (25.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6.4x coverage).
Show me more healthy companies in the Chemicals industry
X
Financial health checks
We assess Nabaltec'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. Nabaltec has a total score of 4/6, 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.

Dividends

 What is Nabaltec'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
0.59%
Current annual income from Nabaltec dividends. Estimated to be 0.75% next year.
If you bought €2,000 of Nabaltec shares you are expected to receive €12 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?
  • Nabaltec's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.52%).
  • Nabaltec's dividend is below the markets top 25% of dividend payers in Germany (3.89%).
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
XTRA:NTG 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 2 Analyst Estimates (S&P Global) See Below
Germany Chemicals Industry Average Dividend Yield Market Cap Weighted Average of 17 Stocks 3.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 329 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

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

XTRA:NTG Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.40 1.00
2020-12-31 0.15 2.00
2019-12-31 0.23 2.00
2018-12-31 0.20 2.00
XTRA:NTG Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2018-06-26 0.180 0.757
2017-06-27 0.150 0.600
2016-06-30 0.150 0.988
2015-06-30 0.120 0.786
2014-06-26 0.060 0.487
2009-10-30 0.000 0.000
2009-07-30 0.000 0.000
2009-05-26 0.000 0.000
2009-03-24 0.000 0.000

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

  • Nabaltec is not paying a notable dividend for Germany, therefore no need to check if the payments are stable.
  • Nabaltec is not paying a notable dividend for Germany, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Nabaltec's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Nabaltec's dividends as it is not paying a notable one for Germany.
Future Payout to shareholders
  • No need to calculate the sustainability of Nabaltec's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Nabaltec's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Nabaltec afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
    7. Nabaltec has a total score of 0/6, see the detailed checks below.


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

Management

 What is the CEO of Nabaltec'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
Johannes Heckmann
AGE 53
TENURE AS CEO 2.2 years
CEO Bio

Mr. Johannes Heckmann has been Chairman of Management Board and Chief Executive Officer at Nabaltec AG since January 01, 2017 and has been its Member of Management Board since September 2006. Mr. Heckmann serves as a Member of Management Board at Sumika Polymer Compounds Europe Limited. He serves as Managing Director of SiC Beteiligungs GmbH, GVO Verwaltungs GmbH and HETOJA GmbH. He is responsible within the management board for technical affairs, including production and research and development. He began is professional career in 1993 as a Project Manager at Schindler Aufzüge AG in Lucerne, Switzerland. At the end of 1993, he switched to AKW Ambergerkaolinwerke GmbH, where he served as Project Manager, holding responsibility for construction of a china clay plant in Brazil. He served as Managing Director of Nabaltec AG since April 1995. He serves as a Member of Supervisory Board and Member of Advisory Board of SiC PROCESSING GMBH. He completed Commercial Engineering studies at the Higher Technical College of Rosenheim.

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

Average tenure of the Nabaltec management team in years:

2.2
Average Tenure
  • The tenure for the Nabaltec management team is about average.
Management Team

Johannes Heckmann

TITLE
Chairman of Management Board & CEO
AGE
53
TENURE
2.2 yrs

Günther Spitzer

TITLE
CFO & Member of Management Board
TENURE
2.2 yrs

Michael Klimes

TITLE
COO & Member of Management Board
TENURE
2.2 yrs
Board of Directors

Gerhard Witzany

TITLE
Chairman of the Supervisory Board
AGE
71
TENURE
1.8 yrs

Dieter Braun

TITLE
Vice Chairman of Supervisory Board

Jürgen Heinrich

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

News

Simply Wall St News

Should You Think About Buying Nabaltec AG (ETR:NTG) Now?

received a lot of attention from a substantial price increase on the XTRA over the last few months. … Less-covered, small caps tend to present more of an opportunity for mispricing due to the lack of information available to the public, which can be a good thing? … So, could the stock still be trading at a low price relative to its actual value.

Simply Wall St - –

Nabaltec AG (ETR:NTG): Commentary On Fundamentals

Nabaltec AG (ETR:NTG) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … In the case of NTG, it

Simply Wall St - –

A Look At The Intrinsic Value Of Nabaltec AG (ETR:NTG)

by taking the expected future cash flows and discounting them to their present value. … Discounted Cash Flows (DCF) … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model.

Simply Wall St - –

Should We Worry About Nabaltec AG's (ETR:NTG) P/E Ratio?

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … To keep it practical, we'll show how Nabaltec AG's (ETR:NTG) P/E ratio could help you assess the value on offer. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St - –

Is Nabaltec AG's (ETR:NTG) 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. … Assessing first and foremost the financial health is. … Here are a few basic checks that are good enough to have a broad overview of the company’s financial strength.

Simply Wall St - –

Should You Worry About Nabaltec AG’s (ETR:NTG) ROCE?

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Return On Capital Employed (ROCE): What is it? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St - –

One Factor To Consider Before Investing In Nabaltec AG (ETR:NTG)

I will take you through Nabaltec’s cash flow health and the risk-return concept based on the stock’s cash flow yield, using the most recent financial data. … Nabaltec’s free cash flow (FCF) is the level of cash flow the business generates from its operational activities, after it reinvests in the company as capital expenditure. … I will be analysing Nabaltec’s FCF by looking at its FCF yield and its operating cash flow growth.

Simply Wall St - –

Nabaltec AG (ETR:NTG): Has Recent Earnings Growth Beaten Long-Term Trend?

When Nabaltec AG (ETR:NTG) announced its most recent earnings (30 September 2018), I compared it against two factor: its historical earnings track record, and the performance of its industry peers on average. … NTG's trailing twelve-month earnings (from 30 September 2018) of €9.6m has. … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 23%, indicating the rate at which NTG is growing has slowed down

Simply Wall St - –

Nabaltec AG (ETR:NTG) Has A ROE Of 12%

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Our data shows Nabaltec has a return on equity of 12% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St - –

Could The Nabaltec AG (ETR:NTG) Ownership Structure Tell Us Something Useful?

So it's nice to see some insider ownership, because it may suggest that management is owner-oriented. … With a market capitalization of €192m, Nabaltec is a small cap stock, so it might not be well known by many institutional investors. … Our analysis of the ownership of the company, below, shows that.

Simply Wall St - –

Company Info

Description

Nabaltec AG develops, manufactures, and distributes specialized products based on mineral raw materials worldwide. The company operates through two segments, Functional Fillers and Specialty Alumina. The Functional Fillers segment manufactures and distributes non-halogenated flame-retardant fillers for the plastics and cable industry, as well as additives. The Specialty Alumina segment offers ceramic material and ceramic bodies for applications in technical ceramics and the refractory industry. The company offers aluminium hydroxide under the APYRAL brand; Boehmite under the APYRAL AOH brand name; aluminum oxides under the NABALOX brand; synthetic sintered mullite under the SYMULOX brand name; and ceramic bodies under the GRANALOX brand. Nabaltec AG was founded in 1994 and is headquartered in Schwandorf, Germany.

Details
Name: Nabaltec AG
NTG
Exchange: XTRA
Founded: 1994
€269,280,000
8,800,000
Website: http://www.nabaltec.de
Address: Nabaltec AG
Alustrasse 50-52,
Schwandorf,
Bavaria, 92421,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA NTG Common Stock XETRA Trading Platform DE EUR 24. Nov 2006
DB NTG Common Stock Deutsche Boerse AG DE EUR 24. Nov 2006
Number of employees
Current staff
Staff numbers
491
Nabaltec employees.
Industry
Specialty Chemicals
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/23 21:03
End of day share price update: 2019/03/22 00:00
Last estimates confirmation: 2019/03/21
Last earnings filing: 2018/11/27
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


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.

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