XTRA:KA8

Stock Analysis Report

Executive Summary

Klassik Radio AG operates radio broadcasting stations in Germany.

Snowflake

Fundamentals

Flawless balance sheet with solid track record.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-2.0%

KA8

-0.03%

DE Media

2.8%

DE Market


1 Year Return

10.6%

KA8

-7.6%

DE Media

2.9%

DE Market

Return vs Industry: KA8 exceeded the German Media industry which returned -7.6% over the past year.

Return vs Market: KA8 exceeded the German Market which returned 2.9% over the past year.


Share holder returns

KA8IndustryMarket
7 Day-2.0%-0.03%2.8%
30 Day-2.0%-2.8%-0.2%
90 Day-8.2%-0.4%0.9%
1 Year13.6%10.6%-3.3%-7.6%6.2%2.9%
3 Year117.7%112.0%-8.4%-19.4%18.2%8.0%
5 Year82.8%78.0%12.3%-10.7%43.1%23.6%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Klassik Radio 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: KA8 (€7.3) is trading below our estimate of fair value (€15.42)

Significantly Undervalued: KA8 is trading below fair value by more than 20%.


Price Based on Earnings

PE vs Industry: KA8 is good value based on its PE Ratio (15.5x) compared to the Media industry average (24.9x).

PE vs Market: KA8 is good value based on its PE Ratio (15.5x) compared to the German market (19.7x).


Price Based on Expected Growth

Low PEG Ratio: KA8 is poor value based on its PEG Ratio (1.5x)


Price Based on Value of Assets

PB vs Industry: KA8 is overvalued based on its PB Ratio (3.6x) compared to the DE Media industry average (3.1x).


Next Steps

Future Growth

How is Klassik Radio expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

10.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: KA8's forecast earnings growth (10.5% per year) is above the savings rate (0.2%).

Earnings vs Market: KA8's earnings (10.5% per year) are forecast to grow slower than the German market (12.8% per year).

High Growth Earnings: KA8's earnings are forecast to grow, but not significantly.

Revenue vs Market: KA8's revenue (8% per year) is forecast to grow faster than the German market (5% per year).

High Growth Revenue: KA8's revenue (8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

High Future ROE: Insufficient data to determine if KA8's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Klassik Radio performed over the past 5 years?

39.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: KA8's earnings have grown significantly by 39.6% per year over the past 5 years.

Accelerating Growth: KA8's earnings growth over the past year (172.9%) exceeds its 5-year average (39.6% per year).

Earnings vs Industry: KA8 earnings growth over the past year (172.9%) exceeded the Media industry -0.7%.


Return on Equity

High ROE: KA8's Return on Equity (23.8%) is considered high.


Return on Assets

ROA vs Industry: KA8 has a higher Return on Assets than the Media industry average last year.


Return on Capital Employed

ROCE Improving: KA8's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Klassik Radio's financial position?


Financial Position Analysis

Short Term Liabilities: KA8's short term assets (€5.7M) exceeds its short term liabilities (€4.6M)

Long Term Liabilities: KA8's short term assets (5.7M) exceeds its long term liabilities (169.0K)


Debt to Equity History and Analysis

Debt Level: KA8's debt to equity ratio (0.1%) is considered satisfactory

Reducing Debt: KA8's debt to equity ratio has reduced from 15.3% to 0.1% over the past 5 years.

Debt Coverage: KA8's debt is well covered by operating cash flow (21458.3%).

Interest Coverage: KA8's interest payments on its debt are well covered by EBIT (34.5x coverage).


Balance Sheet

Inventory Level: KA8 has a low level of unsold assets or inventory.

Debt Coverage by Assets: KA8's debt is covered by short term assets (assets are 471.250000x debt).


Next Steps

Dividend

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

3.74%

Expected Dividend Yield


Dividend Yield vs Market

company2.9%marketbottom25%1.5%markettop25%3.9%industryaverage3.1%forecastin3Years3.7%

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: KA8's dividend (2.88%) is higher than the bottom 25% of dividend payers in the German market (1.46%).

High Dividend: KA8's dividend (2.88%) is low compared to the top 25% of dividend payers in the German market (3.86%).

Stable Dividend: KA8 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: KA8's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (44.6%), KA8's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: KA8's dividends in 3 years are forecast to be well covered by earnings (47.2% payout ratio).


Next Steps

Management

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

€268k

CEO Compensation


CEO

Ulrich Kubak 0

0yrs

Tenure

€268,000

Compensation

Mr. Ulrich J. R. Kubak serves as the President of the Management Board and Chief Executive Officerof Klassik Radio AG. Mr. Kubak served as Chairman of the Management Board, Chief Visionary Officer, Managin ...


CEO Compensation Analysis

Compensation vs. Market: Ulrich's total compensation ($USD295.35K) is about average for companies of similar size in the German market ($USD216.57K).

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.


Ownership Breakdown


Management Team

  • Ulrich Kubak

    President of the Management Board & CEO

    • Tenure: 0yrs
    • Compensation: €268.00k
  • Jürgen Rauch

    Executive Director

    • Tenure: 0yrs
  • Tina Jäger

    Member of the Executive Board

    • Tenure: 0yrs
  • Brigitte Spörl

    Head of Finance

    • Tenure: 0yrs

Board Members

  • Philip von Stauffenberg (55yo)

    Vice-Chairman of the Supervisory Board

    • Tenure: 0yrs
    • Compensation: €11.00k
  • Dorothee Hallerbach

    Chairwoman of the Supervisory Board

    • Tenure: 0yrs
    • Compensation: €15.00k
  • Reinhold Schorer

    Member of the Supervisory Board

    • Tenure: 0yrs
    • Compensation: €7.00k

Company Information

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


Key Information

  • Name: Klassik Radio AG
  • Ticker: KA8
  • Exchange: XTRA
  • Founded: 2000
  • Industry: Broadcasting
  • Sector: Media
  • Market Cap: €35.223m
  • Shares outstanding: 4.83m
  • Website: https://www.klassikradio.de

Number of Employees


Location

  • Klassik Radio AG
  • Imhofstrasse 12
  • Augsburg
  • Bavaria
  • 86159
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KA8DB (Deutsche Boerse AG)YesOrdinary SharesDEEURDec 2004
KA8XTRA (XETRA Trading Platform)YesOrdinary SharesDEEURDec 2004

Biography

Klassik Radio AG operates radio broadcasting stations in Germany. The company operates in two segments, Radiosender and Merchandising. The Radiosender segment’s stations broadcast classic hits, film music, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 20:53
End of Day Share Price2019/10/14 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.

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