XTRA:TKA

Stock Analysis Report

Executive Summary

thyssenkrupp AG operates in the areas of components technology, elevator technology, industrial solutions, and materials services in Germany, the United States, and China.

Snowflake

Fundamentals

Fair value with mediocre balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

2.1%

TKA

3.9%

DE Metals and Mining

2.8%

DE Market


1 Year Return

-37.3%

TKA

-35.9%

DE Metals and Mining

2.9%

DE Market

Return vs Industry: TKA underperformed the German Metals and Mining industry which returned -35.9% over the past year.

Return vs Market: TKA underperformed the German Market which returned 2.9% over the past year.


Share holder returns

TKAIndustryMarket
7 Day2.1%3.9%2.8%
30 Day-3.9%-4.0%-0.2%
90 Day9.9%5.4%0.9%
1 Year-36.7%-37.3%-34.9%-35.9%6.2%2.9%
3 Year-41.3%-42.5%-34.7%-36.9%18.2%8.0%
5 Year-27.8%-30.4%-19.5%-24.0%43.1%23.6%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is thyssenkrupp undervalued based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Undervalued: TKA (€12.61) is trading below our estimate of fair value (€28.18)

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


Price Based on Earnings

PE vs Industry: TKA is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.

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


Price Based on Expected Growth

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


Price Based on Value of Assets

PB vs Industry: TKA is good value based on its PB Ratio (3.9x) compared to the DE Metals and Mining industry average (3.9x).


Next Steps

Future Growth

How is thyssenkrupp expected to perform in the next 1 to 3 years based on estimates from 15 analysts?

93.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: TKA is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: TKA is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: TKA is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: TKA's revenue (2.9% per year) is forecast to grow slower than the German market (5% per year).

High Growth Revenue: TKA's revenue (2.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

High Future ROE: TKA's Return on Equity is forecast to be high in 3 years time (26.6%)


Next Steps

Past Performance

How has thyssenkrupp performed over the past 5 years?

-28.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: TKA is unprofitable, and losses have increased over the past 5 years at a rate of -28.6% per year.

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

Earnings vs Industry: TKA is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-6.3%).


Return on Equity

High ROE: TKA has a negative Return on Equity (-24.02%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: TKA is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: TKA is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is thyssenkrupp's financial position?


Financial Position Analysis

Short Term Liabilities: TKA's short term assets (€21.7B) exceeds its short term liabilities (€18.7B)

Long Term Liabilities: TKA's short term assets (21.7B) exceeds its long term liabilities (15.1B)


Debt to Equity History and Analysis

Debt Level: TKA's debt to equity ratio (318%) is considered high

Reducing Debt: TKA's debt to equity ratio has increased from 239.3% to 318% over the past 5 years.


Balance Sheet

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

Debt Coverage by Assets: TKA's debt is covered by short term assets (assets are 2.737390x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: TKA has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if TKA has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

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

1.53%

Expected Dividend Yield


Dividend Yield vs Market

company1.2%marketbottom25%1.5%markettop25%3.9%industryaverage3.6%forecastin3Years1.5%

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: TKA's dividend (1.19%) isn’t notable compared to the bottom 25% of dividend payers in the German market (1.46%).

High Dividend: TKA's dividend (1.19%) is low compared to the top 25% of dividend payers in the German market (3.86%).

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: TKA's dividends in 3 years are forecast to be well covered by earnings (17% payout ratio).


Next Steps

  • Explore strong dividend paying companies in the Materials industry.

Management

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

3.3yrs

Average management tenure


CEO

Guido Kerkhoff (52yo)

1.3yrs

Tenure

€3,132,000

Compensation

Mr. Guido Kerkhoff, also known as Bonn, has been Member of the Executive Board of ThyssenKrupp Services AG since April 1, 2011 and its Chairman of the Executive Board and Chief Executive Officer since July ...


CEO Compensation Analysis

Compensation vs. Market: Guido has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the German market.

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


Management Age and Tenure

3.3yrs

Average Tenure

56.5yo

Average Age

Experienced Management: TKA's management team is considered experienced (3.3 years average tenure).


Board Age and Tenure

6.6yrs

Average Tenure

58yo

Average Age

Experienced Board: TKA's board of directors are considered experienced (6.6 years average tenure).


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

  • Oliver Burkhard (47yo)

    Chief Human Resources Officer

    • Tenure: 6.7yrs
    • Compensation: €3.30m
  • Martina Merz (56yo)

    CEO & Chairwoman of the Supervisory Board

    • Tenure: 0.8yrs
  • Johannes Dietsch (57yo)

    CFO & Member of Executive Board

    • Tenure: 0.7yrs
  • Claus Ehrenbeck

    Head of Corporate Investor Relations

    • Tenure: 0yrs
  • Guido Kerkhoff (52yo)

    Chairman of the Executive Board & CEO

    • Tenure: 1.3yrs
    • Compensation: €3.13m
  • Donatus Kaufmann (57yo)

    Head of Legal and Compliance & Member of the Executive Board

    • Tenure: 5.7yrs
    • Compensation: €2.66m
  • Thomas Empelmann

    Head of Corporate Finance

    • Tenure: 0yrs
  • Klaus Keysberg

    Additional Member of the Executive Board

    • Tenure: 0yrs
  • Isolde Würz (60yo)

    General Counsel

    • Tenure: 4.7yrs
    • Compensation: €55.00k
  • Martin Holz

    Chief Information Officer and Head of Corporate Function Group Processes & Information Technology

    • Tenure: 3.3yrs

Board Members

  • Lothar Steinebach (71yo)

    Member of Supervisory Board

    • Tenure: 6.5yrs
    • Compensation: €81.13k
  • Carola von Schmettow (55yo)

    Member of Supervisory Board

    • Tenure: 7.8yrs
    • Compensation: €65.25k
  • Bernhard Pellens (64yo)

    Member of the Supervisory Board

    • Tenure: 14.8yrs
    • Compensation: €126.17k
  • Fritz Weber (65yo)

    Employee Representative Member of Supervisory Board

    • Tenure: 6.8yrs
    • Compensation: €60.60k
  • Carsten Spohr (53yo)

    Member of Supervisory Board

    • Tenure: 6.5yrs
    • Compensation: €53.00k
  • Martina Merz (56yo)

    CEO & Chairwoman of the Supervisory Board

    • Tenure: 0.8yrs
  • Susanne Herberger (55yo)

    Employee Representative Member of Supervisory Board

    • Tenure: 10.8yrs
    • Compensation: €85.50k
  • Peter Remmler (61yo)

    Employee Representative Member of Supervisory Board

    • Tenure: 10.8yrs
    • Compensation: €86.50k
  • Markus Grolms (48yo)

    Vice Chairman of Supervisory Board

    • Tenure: 3.5yrs
    • Compensation: €167.50k
  • Isolde Würz (60yo)

    General Counsel

    • Tenure: 4.7yrs
    • Compensation: €55.00k

Company Information

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


Key Information

  • Name: thyssenkrupp AG
  • Ticker: TKA
  • Exchange: XTRA
  • Founded: 1811
  • Industry: Steel
  • Sector: Materials
  • Market Cap: €7.847b
  • Shares outstanding: 622.53m
  • Website: https://www.thyssenkrupp.com

Number of Employees


Location

  • thyssenkrupp AG
  • thyssenkrupp Allee 1
  • Essen
  • North Rhine-Westphalia
  • 45143
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TYEK.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDMar 1999
TKSWX (SIX Swiss Exchange)YesCommon SharesCHCHFMar 1999
0O1CLSE (London Stock Exchange)YesCommon SharesGBEURMar 1999
TKAXTRA (XETRA Trading Platform)YesCommon SharesDEEURMar 1999
TKADB (Deutsche Boerse AG)YesCommon SharesDEEURMar 1999
THYSSENKRUPPBUSE (Budapest Stock Exchange)YesCommon SharesHUHUFMar 1999
TKADBATS-CHIXE (BATS 'Chi-X Europe')YesCommon SharesGBEURMar 1999
TKRWBAG (Wiener Boerse AG)YesCommon SharesATEURMar 1999
TKABIT (Borsa Italiana)YesCommon SharesITEURMar 1999
TKA1BST (Boerse-Stuttgart)SPON ADR REPR 1 ORD NPVDEEURJul 2011
TKAM.YOTCPK (Pink Sheets LLC)SPON ADR REPR 1 ORD NPVUSUSDJul 2011

Biography

thyssenkrupp AG operates in the areas of components technology, elevator technology, industrial solutions, and materials services in Germany, the United States, and China. The company’s Components Technolo ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/13 21:37
End of Day Share Price2019/10/11 00:00
Earnings2019/06/30
Annual Earnings2018/09/30


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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