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Highlight Communications

DB:HLG
Snowflake Description

Undervalued established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HLG
DB
€250M
Market Cap
  1. Home
  2. DE
  3. Media
Company description

Highlight Communications AG operates as a strategic and financial holding company worldwide. The last earnings update was 7 days ago. More info.


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HLG Share Price and Events
7 Day Returns
-1.8%
DB:HLG
2.3%
DE Entertainment
2.3%
DE Market
1 Year Returns
-19.4%
DB:HLG
12%
DE Entertainment
-7.2%
DE Market
HLG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Highlight Communications (HLG) -1.8% -4.4% -8.5% -19.4% -25.2% 15.7%
DE Entertainment 2.3% 8.3% 18.5% 12% 33.1% 74.4%
DE Market 2.3% 3.1% 8.8% -7.2% 9.3% 12.3%
1 Year Return vs Industry and Market
  • HLG underperformed the Entertainment industry which returned 12% over the past year.
  • HLG underperformed the Market in Germany which returned -7.2% over the past year.
Price Volatility
HLG
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Highlight Communications's competitors could be found in our database.

HLG Value

 Is Highlight Communications 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 Highlight Communications 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 Highlight Communications.

DB:HLG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.9%
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 DB:HLG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Entertainment Unlevered Beta Simply Wall St/ S&P Global 0.96
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.959 (1 + (1- 18%) (59.04%))
1.284
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.28
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.284 * 5.96%)
7.88%

Discounted Cash Flow Calculation for DB:HLG using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Highlight Communications 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.

DB:HLG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CHF, Millions) Source Present Value
Discounted (@ 7.88%)
2019 23.50 Analyst x1 21.78
2020 27.20 Analyst x1 23.37
2021 29.99 Est @ 10.26% 23.89
2022 32.17 Est @ 7.25% 23.75
2023 33.82 Est @ 5.15% 23.15
2024 35.06 Est @ 3.67% 22.24
2025 35.99 Est @ 2.64% 21.16
2026 36.68 Est @ 1.91% 19.99
2027 37.19 Est @ 1.41% 18.79
2028 37.59 Est @ 1.05% 17.60
Present value of next 10 years cash flows CHF215.74
DB:HLG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CHF37.59 × (1 + 0.23%) ÷ (7.88% – 0.23%)
CHF492.31
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CHF492.31 ÷ (1 + 7.88%)10
CHF230.58
DB:HLG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CHF215.74 + CHF230.58
CHF446.32
Equity Value per Share
(CHF)
= Total value / Shares Outstanding
= CHF446.32 / 56.74
CHF8.01
DB:HLG Discount to Share Price
Calculation Result
Exchange Rate CHF/EUR
(Reporting currency to currency of XTRA:HLG)
0.877
Value per Share
(EUR)
= Value per Share in CHF x Exchange Rate (CHF/EUR)
= CHF7.87 x 0.877
€6.9
Non-primary Listing Adjustment Factor 1 share in DB:HLG represents 0.98182x of XTRA:HLG
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.98182x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 6.90 x 0.98182
€6.77
Value per share (EUR) From above. €6.77
Current discount Discount to share price of €4.32
= -1 x (€4.32 - €6.77) / €6.77
36.2%

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

Current Discount
Amount off the current price Highlight Communications is available for.
Intrinsic value
36%
Share price is €4.32 vs Future cash flow value of €6.77
Current Discount Checks
For Highlight Communications to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Highlight Communications's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Highlight Communications'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 Highlight Communications's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Highlight Communications's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:HLG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CHF CHF0.32
XTRA:HLG Share Price ** XTRA (2019-04-17) in EUR €4.4
XTRA:HLG Share Price converted to CHF reporting currency Exchange rate (EUR/ CHF) 1.141 CHF5.02
Germany Entertainment Industry PE Ratio Median Figure of 10 Publicly-Listed Entertainment Companies 16.76x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.43x

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

** Primary Listing of Highlight Communications.

DB:HLG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= XTRA:HLG Share Price ÷ EPS (both in CHF)

= 5.02 ÷ 0.32

15.87x

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

  • Highlight Communications is good value based on earnings compared to the DE Entertainment industry average.
  • Highlight Communications is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Highlight Communications's expected growth come at a high price?
Raw Data
DB:HLG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.87x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
19.1%per year
Europe Entertainment Industry PEG Ratio Median Figure of 30 Publicly-Listed Entertainment Companies 1.72x
Germany Market PEG Ratio Median Figure of 272 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

DB:HLG PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.87x ÷ 19.1%

0.83x

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

  • Highlight Communications is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Highlight Communications's assets?
Raw Data
DB:HLG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CHF CHF3.52
XTRA:HLG Share Price * XTRA (2019-04-17) in EUR €4.4
XTRA:HLG Share Price converted to CHF reporting currency Exchange rate (EUR/ CHF) 1.141 CHF5.02
Germany Entertainment Industry PB Ratio Median Figure of 14 Publicly-Listed Entertainment Companies 1.55x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.87x
DB:HLG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= XTRA:HLG Share Price ÷ Book Value per Share (both in CHF)

= 5.02 ÷ 3.52

1.43x

* Primary Listing of Highlight Communications.

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

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

HLG Future Performance

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

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
19.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Highlight Communications expected to grow at an attractive rate?
  • Highlight Communications's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Highlight Communications's earnings growth is expected to exceed the Germany market average.
  • Highlight Communications's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:HLG Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:HLG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 19.1%
DB:HLG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts -9.1%
Germany Entertainment Industry Earnings Growth Rate Market Cap Weighted Average 22.9%
Germany Entertainment Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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
DB:HLG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in CHF Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:HLG Future Estimates Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 576 156 27 1
2019-12-31 552 152 22 1
DB:HLG Past Financials Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income *
2018-12-31 686 173 18
2018-09-30 624 184 20
2018-06-30 561 195 22
2018-03-31 539 167 22
2017-12-31 516 140 23
2017-09-30 529 126 19
2017-06-30 542 112 16
2017-03-31 552 124 18
2016-12-31 562 135 20
2016-09-30 553 122 20
2016-06-30 532 100 25
2016-03-31 477 88 21

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Highlight Communications's earnings are expected to grow by 19.1% yearly, however this is not considered high growth (20% yearly).
  • Highlight Communications's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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
DB:HLG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Highlight Communications Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:HLG Future Estimates Data
Date (Data in CHF Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.43 0.43 0.43 1.00
2019-12-31 0.35 0.35 0.35 1.00
DB:HLG Past Financials Data
Date (Data in CHF Millions) EPS *
2018-12-31 0.32
2018-09-30 0.34
2018-06-30 0.36
2018-03-31 0.38
2017-12-31 0.41
2017-09-30 0.38
2017-06-30 0.34
2017-03-31 0.40
2016-12-31 0.46
2016-09-30 0.45
2016-06-30 0.57
2016-03-31 0.47

*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.
  • Highlight Communications is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Highlight Communications'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.
Highlight Communications has a total score of 2/6, 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.

HLG Past Performance

  How has Highlight Communications 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 Highlight Communications's growth in the last year to its industry (Entertainment).
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.
  • Highlight Communications's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Highlight Communications's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Highlight Communications's 1-year earnings growth is negative, it can't be compared to the DE Entertainment industry average.
Earnings and Revenue History
Highlight Communications'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 Highlight Communications Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:HLG Past Revenue, Cash Flow and Net Income Data
Date (Data in CHF Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 686.49 18.39 164.14
2018-09-30 623.90 20.23 146.46
2018-06-30 561.31 22.06 128.77
2018-03-31 538.59 22.40 124.44
2017-12-31 515.87 22.73 120.10
2017-09-30 528.83 19.16 118.46
2017-06-30 541.80 15.60 116.82
2017-03-31 552.04 17.67 115.78
2016-12-31 562.28 19.74 114.74
2016-09-30 553.31 19.55 127.09
2016-06-30 532.14 24.83 124.63
2016-03-31 477.02 20.90 122.62
2015-12-31 418.65 17.52 118.83
2015-09-30 381.83 19.00 106.54
2015-06-30 356.94 11.90 100.43
2015-03-31 388.84 16.67 102.61
2014-12-31 450.42 16.65 103.68
2014-09-30 485.08 13.18 105.90
2014-06-30 510.23 11.16 109.84
2014-03-31 511.99 8.58 110.84
2013-12-31 475.65 9.73 111.30
2013-09-30 470.79 11.34 109.41
2013-06-30 508.79 18.89 111.09
2013-03-31 492.92 20.16 112.63
2012-12-31 492.03 25.94 112.47
2012-09-30 520.67 31.09 120.71
2012-06-30 450.41 30.26 116.96

*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.
  • Highlight Communications has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Highlight Communications used its assets more efficiently than the DE Entertainment industry average last year based on Return on Assets.
  • Highlight Communications's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Highlight Communications'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 Entertainment 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.
Highlight Communications has a total score of 2/6, 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.

HLG Health

 How is Highlight Communications'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 Highlight Communications's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Highlight Communications's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Highlight Communications's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Highlight Communications'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.3x 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 Highlight Communications Company Filings, last reported 3 months ago.

DB:HLG Past Debt and Equity Data
Date (Data in CHF Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 225.58 168.10 52.53
2018-09-30 225.58 168.10 52.53
2018-06-30 215.77 121.31 48.28
2018-03-31 215.77 121.31 48.28
2017-12-31 236.41 95.08 186.55
2017-09-30 236.41 95.08 186.55
2017-06-30 230.20 73.47 62.77
2017-03-31 230.20 73.47 62.77
2016-12-31 135.29 63.32 88.71
2016-09-30 135.29 63.32 88.71
2016-06-30 93.43 83.81 110.76
2016-03-31 93.43 83.81 110.76
2015-12-31 103.83 119.09 121.06
2015-09-30 93.84 101.50 121.24
2015-06-30 81.90 60.52 116.17
2015-03-31 93.49 75.91 158.01
2014-12-31 106.88 94.02 57.96
2014-09-30 101.15 106.10 60.27
2014-06-30 97.86 103.82 48.68
2014-03-31 105.98 120.87 64.67
2013-12-31 107.25 167.92 61.89
2013-09-30 102.14 172.23 70.95
2013-06-30 103.57 180.49 69.85
2013-03-31 117.63 125.32 81.12
2012-12-31 111.28 154.99 89.71
2012-09-30 111.41 304.00 278.15
2012-06-30 101.08 235.87 169.24
  • Highlight Communications's level of debt (74.5%) 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 (156.1% vs 74.5% today).
  • Debt is well covered by operating cash flow (103.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.3x coverage).
X
Financial health checks
We assess Highlight Communications'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. Highlight Communications 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.

HLG Dividends

 What is Highlight Communications'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
3.99%
Current annual income from Highlight Communications dividends. Estimated to be 3.99% next year.
If you bought €2,000 of Highlight Communications shares you are expected to receive €80 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?
  • Highlight Communications's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • Highlight Communications's dividend is above the markets top 25% of dividend payers in Germany (3.71%).
Upcoming dividend payment

Purchase Highlight Communications before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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
DB:HLG 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 1 Analyst Estimates (S&P Global) See Below
Germany Entertainment Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 1.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

DB:HLG Future Dividends Estimate Data
Date (Data in CHF) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.20 1.00
2019-12-31 0.20 1.00
DB:HLG Past Annualized Dividends Data
Date (Data in CHF) Dividend per share (annual) Avg. Yield (%)
2019-04-10 0.200 3.975
2018-05-18 0.200 3.495
2017-04-10 0.300 5.073
2016-03-15 0.200 3.370
2015-06-12 0.200 3.802
2014-05-30 0.170 4.184
2013-05-06 0.170 3.577
2012-04-10 0.170 3.681
2011-05-27 0.170 3.911
2010-03-01 0.170 3.055
2009-04-30 0.170 2.864
2009-04-20 0.170 2.668

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Highlight Communications's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.1x coverage).
X
Income/ dividend checks
We assess Highlight Communications's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Highlight Communications afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Highlight Communications has a total score of 5/6, see the detailed checks below.


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

HLG Management

 What is the CEO of Highlight Communications'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
Bernhard Burgener
COMPENSATION CHF1,701,200
AGE 61
TENURE AS CEO 10.6 years
CEO Bio

Mr. Bernhard Burgener serves as the President of Highlight Communications Ag. Mr. Burgener has been the Chief Executive Officer of Highlight Event and Entertainment AG June 13, 2016. He serves as Managing Director of Rainbow Home Entertainment Gmbh, Vienna, Austria. He is responsible for the strategic development of the entire Group of Companies, The Support of Major Stockholders, M&A activities and communications as well as company and stock law and compliance. Moreover, he is responsible for the affiliated company Highlight Communications Ag. He hase been the Chief Executive Officer of Highlight Communications Ag since September 2008 and serves as its President. Mr. Burgener served as the Chief Executive Officer of Constantin Medien AG from September 1, 2008 to December 31, 2015. Mr. Burgener served as the Chairman of the Management Board at Constantin Medien AG from September 1, 2008 to December 31, 2015. He served as the Chairman of the Management Board at Constantin Film AG since January 1, 2009 and as its Member of the Management Board and also served as its Chief Executive Officer. He serves as the Chief Executive Officer of Licenses and Rights Trading - Film at Highlight Communications AG. He founded Rainbow Home Entertainment AG and serves as its Chairman. He served as a Member of Management Board of Highlight Communications Ag. He served as the Chief Executive Officer of Film engaged in film business of Highlight Communications Ag since 1982. He established Rainbow Video Ag, Pratteln, in 1983. Mr. Burgener serves as the Chairman of the Board at Lechner Marmor Ag. He serves as the President of the Board of Directors of Lechner Marmor SA, Laas, Italy; and President of the Board of Directors at Team Holding Ag, Lucerne, Switzerland. He serves as Chairman of the Board of TEAM S.A and T.E.A.M. Holding AG. He has been the Chairman of Highlight Communications AG since May 27, 2011. He has been the Chairman of the Board and the Chairman of Team at Highlight Event and Entertainment AG (also known as Escor Casinos & Entertainment S.A.) since May 11, 2012. He has been the Chairman of Supervisory Board of Constantin Film AG since January 7, 2014. He served as the Chairman of the Supervisory Board at Constantin Film Ag., from June 8, 2006 to January 2009. Mr. Burgener served as the Chairman of Highlight Communications Ag since 1999. He serves as a Director of Pulse Evolution Corporation. He has been a Director of Highlight Communications AG since 1994 and Highlight Event and Entertainment AG since 1995. He serves as a Member of the Board of Directors of Escor AG, Ddingen; Team Football Marketing Ag, Lucerne, Switzerland and T.e.a.m. Television Event and Media Marketing of AG, Lucerne, Switzerland. He served as a Member of the Supervisory Board at Constantin Film Ag from May 5, 2004 to January 2009. Mr. Burgener has a Bachelor's Degree in Business Studies from Kaufmännischer Verein Basel in 1976.

CEO Compensation
  • Bernhard's compensation has been consistent with company performance over the past year.
  • Bernhard's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Highlight Communications management team in years:

9.4
Average Tenure
61
Average Age
  • The average tenure for the Highlight Communications management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Bernhard Burgener

TITLE
Chairman
COMPENSATION
CHF2M
AGE
61
TENURE
10.6 yrs

Peter Büren

TITLE
CFO, Head of IT
COMPENSATION
CHF822K
AGE
63
TENURE
11 yrs

Paul Graf

TITLE
MD, Head of Mergers & Acquisitions and Secretary

Jamie Graham

TITLE
Chief Executive Officer of Sports & Event Marketing Segment
TENURE
7.3 yrs

Martin Moszkowicz

TITLE
Chief Executive Officer of Constantin Film - Film Segment
AGE
60

Franz Woodtli

TITLE
MD of Rainbow Home Entertainment Member of Cinema & Home Entertainment-Film Segment
AGE
65
TENURE
15.3 yrs

Hanns Beese

TITLE
Chief Financial Officer of Film Division
AGE
56
TENURE
15.3 yrs

Simon Crouch

TITLE
COO - Sports & Event Mktg Segment and MD of Sports & Event Mktg Segment
TENURE
7.3 yrs

Jan Warner

TITLE
CFO & Member of Board of Director - Sports & Event Mktg Segment
TENURE
8.3 yrs

Thomas Schmidt

TITLE
Managing Director of Media & TV Sales - Sports & Event Marketing Segment
TENURE
7.3 yrs
Board of Directors Tenure

Average tenure and age of the Highlight Communications board of directors in years:

15.3
Average Tenure
65
Average Age
  • The average tenure for the Highlight Communications board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Bernhard Burgener

TITLE
Chairman
COMPENSATION
CHF2M
AGE
61
TENURE
20.3 yrs

Peter Büren

TITLE
CFO, Head of IT
COMPENSATION
CHF822K
AGE
63
TENURE
3.8 yrs

Franz Woodtli

TITLE
MD of Rainbow Home Entertainment Member of Cinema & Home Entertainment-Film Segment
AGE
65
TENURE
15.3 yrs

Jan Warner

TITLE
CFO & Member of Board of Director - Sports & Event Mktg Segment
TENURE
8.3 yrs

Martin Hellstern

TITLE
Non-Executive Director
COMPENSATION
CHF103K
AGE
84
TENURE
15.3 yrs

René Camenzind

TITLE
Non-Executive Director
COMPENSATION
CHF103K
AGE
67
TENURE
15.3 yrs

Oliver Berben

TITLE
Board Member of TV
TENURE
2.3 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 Highlight Communications'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. Highlight Communications 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.

HLG News

Simply Wall St News

HLG Company Info

Description

Highlight Communications AG operates as a strategic and financial holding company worldwide. The company operates through Film, and Sports-and Event-Marketing segments. The Film segment is involved in the production and distribution of movies, television, and video productions; and the production and exploitation of fictional and non-fictional products for TV broadcasters. It also engages in distribution of theatrical, DVD/Blu-ray, and TV movies; exploitation of its video rights for in-house and licensed films; and provision of entertainment and media services. The Sports-and Event-Marketing segment markets various international sports events, including the UEFA Champions League, the UEFA Europa League, and the UEFA Super Cup. The company was founded in 1983 and is headquartered in Pratteln, Switzerland.

Details
Name: Highlight Communications AG
HLG
Exchange: DB
Founded: 1983
€249,666,995
56,742,499
Website: http://www.highlight-communications.ch
Address: Highlight Communications AG
Netzibodenstrasse 23b,
Pratteln,
Basel-Landschaft, 4133,
Switzerland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA HLG Bearer Shares XETRA Trading Platform DE EUR 07. Aug 2003
DB HLG Bearer Shares Deutsche Boerse AG DE EUR 07. Aug 2003
LSE 0GVE Bearer Shares London Stock Exchange GB EUR 07. Aug 2003
BATS-CHIXE HLGD Bearer Shares BATS 'Chi-X Europe' GB EUR 07. Aug 2003
Number of employees
Current staff
Staff numbers
1,550
Highlight Communications employees.
Industry
Movies and Entertainment
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/17 21:08
End of day share price update: 2019/04/17 00:00
Last estimates confirmation: 2019/03/29
Last earnings filing: 2019/04/10
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.