XTRA:SDF1

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

K+S Aktiengesellschaft, together with its subsidiaries, operates as a minerals company worldwide.


Snowflake Analysis

Fair value with moderate growth potential.


Similar Companies

Share Price & News

How has K+S's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SDF1's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

SDF1

2.2%

DE Chemicals

1.5%

DE Market


1 Year Return

n/a

SDF1

-13.0%

DE Chemicals

-0.2%

DE Market

Return vs Industry: Insufficient data to determine how SDF1 performed against the German Chemicals industry.

Return vs Market: Insufficient data to determine how SDF1 performed against the German Market.


Shareholder returns

SDF1IndustryMarket
7 Day0%2.2%1.5%
30 Day-5.1%3.8%5.7%
90 Dayn/a-5.7%-2.7%
1 Yearn/a-12.6%-13.0%1.5%-0.2%
3 Year-78.4%-78.8%-31.0%-35.9%-7.1%-14.3%
5 Year-80.9%-82.1%-20.2%-30.7%5.2%-8.3%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is K+S undervalued compared to its fair value and its price relative to the market?

33.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SDF1 (€2.6) is trading below our estimate of fair value (€3.93)

Significantly Below Fair Value: SDF1 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: SDF1 is unprofitable, so we can't compare its PE Ratio to the Chemicals industry average.

PE vs Market: SDF1 is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate SDF1's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SDF1 is good value based on its PB Ratio (0.3x) compared to the DE Chemicals industry average (1.4x).


Next Steps

Future Growth

How is K+S forecast to perform in the next 1 to 3 years based on estimates from 21 analysts?

133.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SDF1 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.2%).

Earnings vs Market: SDF1 is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: SDF1's is expected to become profitable in the next 3 years.

Revenue vs Market: SDF1's revenue (4.2% per year) is forecast to grow slower than the German market (5.8% per year).

High Growth Revenue: SDF1's revenue (4.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SDF1's Return on Equity is forecast to be low in 3 years time (2.3%).


Next Steps

Past Performance

How has K+S performed over the past 5 years?

-45.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SDF1 is currently unprofitable.

Growing Profit Margin: SDF1 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SDF1 is unprofitable, and losses have increased over the past 5 years at a rate of -45.1% per year.

Accelerating Growth: Unable to compare SDF1's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SDF1 is unprofitable, making it difficult to compare its past year earnings growth to the Chemicals industry (-16.7%).


Return on Equity

High ROE: SDF1 has a negative Return on Equity (-0.51%), as it is currently unprofitable.


Next Steps

Financial Health

How is K+S's financial position?


Financial Position Analysis

Short Term Liabilities: SDF1's short term assets (€2.1B) exceed its short term liabilities (€1.3B).

Long Term Liabilities: SDF1's short term assets (€2.1B) do not cover its long term liabilities (€4.7B).


Debt to Equity History and Analysis

Debt Level: SDF1's debt to equity ratio (75.9%) is considered high.

Reducing Debt: SDF1's debt to equity ratio has increased from 34.3% to 75.9% over the past 5 years.

Debt Coverage: SDF1's debt is not well covered by operating cash flow (17.6%).

Interest Coverage: SDF1 is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

What is K+S's current dividend yield, its reliability and sustainability?

2.63%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SDF1's dividend (2.63%) is higher than the bottom 25% of dividend payers in the German market (1.28%).

High Dividend: SDF1's dividend (2.63%) is low compared to the top 25% of dividend payers in the German market (3.94%).


Stability and Growth of Payments

Stable Dividend: SDF1's dividend payments have been volatile in the past 10 years.

Growing Dividend: SDF1's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: SDF1 is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: SDF1's dividends in 3 years are forecast to be well covered by earnings (40.2% payout ratio).


Next Steps

Management

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

2.6yrs

Average management tenure


CEO

Burkhard Lohr (56yo)

3yrs

Tenure

€4,959,900

Compensation

Dr. Burkhard Lohr has been Chairman of the Board of Executive Directors at K+S Aktiengesellschaft since May 12, 2017 and has been its Member of Board of Executive Directors since June 01, 2012 and serves a ...


CEO Compensation Analysis

Compensation vs Market: Burkhard's total compensation ($USD5.51M) is above average for companies of similar size in the German market ($USD1.53M).

Compensation vs Earnings: Burkhard's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Burkhard Lohr
Chairman of the Board of Executive Directors3yrs€4.96mno data
Thorsten Boeckers
CFO & Member of Board of Executive Directors3yrs€3.60mno data
Mark Roberts
Member of Board of Executive Directors7.58yrs€2.85mno data
Fabiola Grund
Labor Relations Director & Member of Board of Executive Directors0.42yrno datano data
Dirk Neumann
Head of Investor Relations0.42yrno datano data
Frauke Riva
Head of Corporate Communications2.17yrsno datano data
Michael Wudonig
Head of Public Relationsno datano datano data
Oliver Morgenthal
Head of Public Affairsno datano datano data
Katja Seeger
Head of Online & Project Communicationsno datano datano data
Hans-Jürgen Müller
Head of Representative Office Berlinno datano datano data

2.6yrs

Average Tenure

52.5yo

Average Age

Experienced Management: SDF1's management team is considered experienced (2.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Gerd Grimmig
Independent Supervisory Board Member2yrs€103.75kno data
Andreas Kreimeyer
Independent Chairman of Supervisory Board3yrs€261.50kno data
George Cardona
Independent Member of Supervisory Board10.58yrs€113.50kno data
Jella Benner-Heinacher
Independent Member of Supervisory Board17yrs€133.75kno data
Axel Hartmann
Employee representative Supervisory Board Member7yrs€122.50kno data
Ralf Becker
Employee Representative Deputy Chairman of Supervisory Board2yrs€187.50kno data
Philip von dem Bussche
Independent Supervisory Board Member5yrs€115.00kno data
Thomas Kolbl
Independent Member of Supervisory Board3yrs€138.25kno data
Michael Knackmuß
Employee Representative Supervisory Board Member5.83yrs€115.75kno data
Gerd Kübler
Employee Representative Supervisory Board Member4.33yrs€103.75kno data

4.7yrs

Average Tenure

60yo

Average Age

Experienced Board: SDF1's board of directors are considered experienced (4.7 years average tenure).


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

K+S Aktiengesellschaft's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: K+S Aktiengesellschaft
  • Ticker: SDF1
  • Exchange: XTRA
  • Founded: 1889
  • Industry: Fertilizers and Agricultural Chemicals
  • Sector: Materials
  • Market Cap: €1.094b
  • Shares outstanding: 191.40m
  • Website: https://www.k-plus-s.com

Number of Employees


Location

  • K+S Aktiengesellschaft
  • Bertha-von-Suttner Strasse 7
  • Kassel
  • Hessen
  • 34131
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SDFDB (Deutsche Boerse AG)YesBearer SharesDEEURJan 1992
SDFXTRA (XETRA Trading Platform)YesBearer SharesDEEURJan 1992
0Q2NLSE (London Stock Exchange)YesBearer SharesGBEURJan 1992
KPLU.FOTCPK (Pink Sheets LLC)YesBearer SharesUSUSDJan 1992
SDFDBATS-CHIXE (BATS 'Chi-X Europe')YesBearer SharesGBEURJan 1992
SDFSWX (SIX Swiss Exchange)YesBearer SharesCHCHFJan 1992
SDFWBAG (Wiener Boerse AG)YesBearer SharesATEURJan 1992
13421328SWX (SIX Swiss Exchange)YesBearer SharesCHEURJan 1992
SDFBIT (Borsa Italiana)YesBearer SharesITEURJan 1992
KPLU.YOTCPK (Pink Sheets LLC)ADR EACH 2 REP 1 ORDUSUSDFeb 2009
SDF1BST (Boerse-Stuttgart)ADR EACH 2 REP 1 ORDDEEURFeb 2009
SDF1XTRA (XETRA Trading Platform)ADR EACH 2 REP 1 ORDDEEURFeb 2009
SDF1DB (Deutsche Boerse AG)ADR EACH 2 REP 1 ORDDEEURFeb 2009

Biography

K+S Aktiengesellschaft, together with its subsidiaries, operates as a minerals company worldwide. It operates through Agriculture, Industry, Consumers, and Communities segments. The Agriculture segment offers soil fertilizers under the 60er Kali, KALISOP, Korn-Kali, Patentkali, ESTA Kieserit, and Magnesia-Kainit names; leaf fertilizers under the EPSO Top, EPSO Microtop, and EPSO Combitop names; fertigation fertilizers under the soluMOP, soluMAP, soluMKP, soluNOP, and soluSOP names; and animal nutrition products. The Industry segment provides potassium chloride, potassium sulphate, magnesium sulphate, sodium chloride, and smelting salts for chemical, consumer goods, and other industries; feed salt, animal feed, salt and mineral licks, and pond salt; salt, and the potassium and magnesium minerals; potassium and magnesium salts for pharmaceuticals; and water softeners, as well as offers waste disposal and underground recovery services. It also trades in various basic chemicals, including caustic soda, nitric acid, sodium carbonate, calcium chloride, and magnesium chloride. This segment offers its products under the Alasal, APISAL, AXAL PRO, NUTRIKS, NUTRIKS KaliSel, k-Drill, KaSa, Montanal, MORTON PUREX, MORTON STAR FLAKE DENTRIC SALT, and SOLSEL brands. The Consumers segment provides salt products, including rock, sea, and evaporated salt under the SALDORO, Cérébos, Vatel, Morton Salt, Windsor Salt, Sal Lobos, and Biosal brands; and water softeners, dishwasher salts, and de-icing salts. The Communities segment offers de-icing salts for roads in cities and communities. The company was founded in 1889 and is headquartered in Kassel, Germany. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/31 23:31
End of Day Share Price2020/05/19 00:00
Earnings2020/03/31
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.