artnet AG, through its subsidiary, Artnet Worldwide Corporation, operates an online resource for the international art market worldwide. More Details
Adequate balance sheet and slightly overvalued.
Share Price & News
How has artnet's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ART is more volatile than 75% of German stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: ART's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of German stocks.
7 Day Return
DE Online Retail
1 Year Return
DE Online Retail
Return vs Industry: ART underperformed the German Online Retail industry which returned 92.9% over the past year.
Return vs Market: ART exceeded the German Market which returned 0.6% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is artnet's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StAre Strong Financial Prospects The Force That Is Driving The Momentum In artnet AG's ETR:ART) Stock?
2 months ago | Simply Wall Startnet AG (ETR:ART) Investors Are Less Pessimistic Than Expected
3 months ago | Simply Wall StThere's Reason For Concern Over artnet AG's (ETR:ART) Price
Is artnet undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ART (€5.85) is trading below our estimate of fair value (€11.07)
Significantly Below Fair Value: ART is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ART is poor value based on its PE Ratio (54.7x) compared to the DE Online Retail industry average (52.8x).
PE vs Market: ART is poor value based on its PE Ratio (54.7x) compared to the German market (23.2x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate ART's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: ART is overvalued based on its PB Ratio (7.6x) compared to the DE Online Retail industry average (5.8x).
How is artnet forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Retail industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as artnet has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Examine artnet's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- artnet competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Retail industry.
How has artnet performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ART has a large one-off gain of €1.1M impacting its June 30 2020 financial results.
Growing Profit Margin: ART's current net profit margins (3.1%) are lower than last year (7.9%).
Past Earnings Growth Analysis
Earnings Trend: ART has become profitable over the past 5 years, growing earnings by 34.4% per year.
Accelerating Growth: ART's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ART had negative earnings growth (-60.5%) over the past year, making it difficult to compare to the Online Retail industry average (30.6%).
Return on Equity
High ROE: ART's Return on Equity (13.8%) is considered low.
How is artnet's financial position?
Financial Position Analysis
Short Term Liabilities: ART's short term assets (€3.8M) do not cover its short term liabilities (€5.2M).
Long Term Liabilities: ART's short term assets (€3.8M) exceed its long term liabilities (€2.3M).
Debt to Equity History and Analysis
Debt Level: ART's debt to equity ratio (21.6%) is considered satisfactory.
Reducing Debt: ART's debt to equity ratio has reduced from 2135.6% to 21.6% over the past 5 years.
Debt Coverage: ART's debt is well covered by operating cash flow (264.4%).
Interest Coverage: Insufficient data to determine if ART's interest payments on its debt are well covered by EBIT.
What is artnet current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate ART's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate ART's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if ART's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ART's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of ART's dividend in 3 years as they are not forecast to pay a notable one for the German market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Jacob Pabst (47 yo)
Mr. Jacob Pabst has been the Chairman of Management Board and Chief Executive Officer at Artnet AG since July 1, 2012. Mr. Pabst has also been the Chief Executive Officer of Artnet Worldwide Corporation si...
CEO Compensation Analysis
Compensation vs Market: Jacob's total compensation ($USD489.01K) is about average for companies of similar size in the German market ($USD471.21K).
Compensation vs Earnings: Jacob's compensation has been consistent with company performance over the past year.
|Chairman of Supervisory Board||3.5yrs||€50.00k||no data|
|Deputy Chairman of Supervisory Board||2.25yrs||€37.50k||no data|
|Member of Supervisory Board||0.25yr||no data||no data|
Experienced Board: ART's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
artnet AG's company bio, employee growth, exchange listings and data sources
- Name: artnet AG
- Ticker: ART
- Exchange: XTRA
- Founded: 1989
- Industry: Internet and Direct Marketing Retail
- Sector: Retail
- Market Cap: €31.374m
- Shares outstanding: 5.55m
- Website: https://www.artnet.com
Number of Employees
- artnet AG
- Oranienstrasse 164
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|ART||DB (Deutsche Boerse AG)||Yes||Registered Shares||DE||EUR||May 1999|
|0Q4A||LSE (London Stock Exchange)||Yes||Registered Shares||GB||EUR||May 1999|
|ART||XTRA (XETRA Trading Platform)||Yes||Registered Shares||DE||EUR||May 1999|
|ARTZ.F||OTCPK (Pink Sheets LLC)||Yes||Registered Shares||US||USD||May 1999|
artnet AG, through its subsidiary, Artnet Worldwide Corporation, operates an online resource for the international art market worldwide. It operates through four segments: Artnet Galleries, Artnet Price Da...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/11/26 20:20|
|End of Day Share Price||2020/11/26 00:00|
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.