DB:SAX

Stock Analysis Report

Ströer SE KGaA

Executive Summary

Ströer SE & Co. KGaA provides out-of-home and online advertising services to private and corporate customers in Germany, Turkey, and internationally.

Snowflake

Fundamentals

Reasonable growth potential with acceptable track record.


Similar Companies

Share Price & News

How has Ströer SE KGaA's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-4.7%

DB:SAX

4.8%

DE Media

1.8%

DE Market


1 Year Return

31.5%

DB:SAX

-12.8%

DE Media

-3.5%

DE Market

SAX outperformed the Media industry which returned -12.8% over the past year.

SAX outperformed the Market in Germany which returned -3.5% over the past year.


Share holder returns

SAXIndustryMarket
7 Day-4.7%4.8%1.8%
30 Day0.9%9.0%8.6%
90 Day13.7%4.9%3.3%
1 Year36.0%31.5%-8.3%-12.8%-0.5%-3.5%
3 Year79.1%65.9%-12.3%-23.9%20.6%10.3%
5 Year316.0%275.9%8.5%-13.8%30.7%12.8%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

49%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Ströer SE KGaA's share price is below the future cash flow value, and at a moderate discount (> 20%).

Ströer SE KGaA's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Ströer SE KGaA is overvalued based on earnings compared to the DE Media industry average.

Ströer SE KGaA is overvalued based on earnings compared to the Germany market.


Price Based on Expected Growth

Ströer SE KGaA is poor value based on expected growth next year.


Price Based on Value of Assets

Ströer SE KGaA is overvalued based on assets compared to the DE Media industry average.


Next Steps

Future Growth

How is Ströer SE KGaA expected to perform in the next 1 to 3 years based on estimates from 12 analysts?

16.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Ströer SE KGaA's revenue is expected to grow by 5.9% yearly, however this is not considered high growth (20% yearly).

Ströer SE KGaA's earnings are expected to grow by 16.2% yearly, however this is not considered high growth (20% yearly).

Ströer SE KGaA's revenue growth is expected to exceed the Germany market average.

Ströer SE KGaA's earnings growth is expected to exceed the Germany market average.

Ströer SE KGaA's earnings growth is expected to exceed the low risk savings rate of 0.2%.


Earnings per Share Growth Estimates


Future Return on Equity

Ströer SE KGaA is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).


Next Steps

Past Performance

How has Ströer SE KGaA performed over the past 5 years?

30.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Ströer SE KGaA has delivered over 20% year on year earnings growth in the past 5 years.

Ströer SE KGaA's 1-year earnings growth is less than its 5-year average (3.3% vs 30.9%)

Ströer SE KGaA's earnings growth has exceeded the DE Media industry average in the past year (3.3% vs -2.2%).


Return on Equity

Ströer SE KGaA has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Ströer SE KGaA used its assets less efficiently than the DE Media industry average last year based on Return on Assets.


Return on Capital Employed

Ströer SE KGaA has improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Ströer SE KGaA's financial position?


Financial Position Analysis

Ströer SE KGaA's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Ströer SE KGaA's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Ströer SE KGaA's level of debt (122.7%) 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 (127% vs 122.7% today).

Debt is well covered by operating cash flow (59.4%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 22.8x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.5x debt.


Next Steps

Dividend

What is Ströer SE KGaA's current dividend yield, its reliability and sustainability?

3.70%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Ströer SE KGaA's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.4%).

Ströer SE KGaA's dividend is below the markets top 25% of dividend payers in Germany (3.85%).

Whilst dividend payments have been stable, Ströer SE KGaA has been paying a dividend for less than 10 years.

Dividend payments have increased, but Ströer SE KGaA only paid a dividend in the past 5 years.


Current Payout to Shareholders

Dividends paid are not well covered by earnings (1x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.6x coverage).


Next Steps

Management

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

1.7yrs

Average management tenure


CEO

Udo Müller (57yo)

1.7yrs

Tenure

€3,775,200

Compensation

Mr. Udo Müller is the Founder, Chairman of Management Board and Co-Chief Executive Officerof Ströer SE & Co. KGaA. At the young age of 19, he managed his first publishing house. Following his medical degr ...


CEO Compensation Analysis

Udo's remuneration is lower than average for companies of similar size in Germany.

Udo's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

1.7yrs

Average Tenure

51yo

Average Age

The average tenure for the Ströer SE KGaA management team is less than 2 years, this suggests a new team.


Board Age and Tenure

2.5yrs

Average Tenure

49.5yo

Average Age

The average tenure for the Ströer SE KGaA board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Udo Müller (57yo)

    Founder

    • Tenure: 1.7yrs
    • Compensation: €3.78m
  • Christoph Löhrke

    Head of Investor & Credit Relations

    • Tenure: 0yrs
  • Christoph Vilanek (51yo)

    Chairman of Supervisory Board

    • Tenure: 5.3yrs
    • Compensation: €75.00k
  • Christian Schmalzl (46yo)

    Co-CEO & Member of Management Board

    • Tenure: 2.5yrs
    • Compensation: €1.41m
  • Marc Sausen

    Director of Corporate Communications

    • Tenure: 0yrs
  • Christian Baier

    CFO & Member of Management Board

    • Tenure: 0.7yrs

Board Members

  • Vicente Vento Bosch (38yo)

    Member of Supervisory Board

    • Tenure: 3.8yrs
    • Compensation: €31.10k
  • Dirk Ströer (50yo)

    Deputy Chairman of Supervisory Board

    • Tenure: 0yrs
    • Compensation: €48.30k
  • Christoph Vilanek (51yo)

    Chairman of Supervisory Board

    • Tenure: 5.3yrs
    • Compensation: €75.00k
  • Martin Diederichs (57yo)

    Member of Supervisory Board

    • Tenure: 1.1yrs
    • Compensation: €31.50k
  • Ulrich Voigt

    Member of Supervisory Board

    • Tenure: 5.8yrs
    • Compensation: €47.60k
  • Julia Flemmerer

    Member of Supervisory Board

    • Tenure: 3.4yrs
    • Compensation: €600.00
  • Tobias Meuser (47yo)

    Employee Representative Supervisory Board Member

    • Tenure: 2.5yrs
    • Compensation: €600.00
  • Michael Noth (43yo)

    Employee Representative Supervisory Board Member

    • Tenure: 2.5yrs
    • Compensation: €600.00
  • Christian Gellesch (49yo)

    Employee Representative Supervisory Board Member

    • Tenure: 2.5yrs
    • Compensation: €600.00
  • Thomas Müller (62yo)

    Member of Supervisory Board

    • Tenure: 2.5yrs
    • Compensation: €400.00

Company Information

Ströer SE & Co. KGaA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Ströer SE & Co. KGaA
  • Ticker: SAX
  • Exchange: DB
  • Founded:
  • Industry: Advertising
  • Sector: Media
  • Market Cap: €3.855b
  • Shares outstanding: 56.53m
  • Website: https://www.stroeer.com

Number of Employees


Location

  • Ströer SE & Co. KGaA
  • Ströer Allee 1
  • Cologne
  • North Rhine-Westphalia
  • 50999
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SAXDB (Deutsche Boerse AG)YesCommon SharesDEEURJul 2010
SAXXTRA (XETRA Trading Platform)YesCommon SharesDEEURJul 2010
0MYZLSE (London Stock Exchange)YesCommon SharesGBEURJul 2010
SAXDBATS-CHIXE (BATS 'Chi-X Europe')YesCommon SharesGBEURJul 2010
SAXSWX (SIX Swiss Exchange)YesCommon SharesCHCHFJul 2010
SAXWBAG (Wiener Boerse AG)YesCommon SharesATEURJul 2010

Biography

Ströer SE & Co. KGaA provides out-of-home and online advertising services to private and corporate customers in Germany, Turkey, and internationally. The company operates through three segments: Ströer Dig ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/15 21:40
End of Day Share Price2019/09/13 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.