XTRA:ART

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

artnet AG, through its subsidiary, Artnet Worldwide Corporation, operates an online resource for the international art market worldwide. More Details


Snowflake Analysis

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.


Market Performance


7 Day Return

0.9%

ART

0.06%

DE Online Retail

1.4%

DE Market


1 Year Return

74.1%

ART

100.3%

DE Online Retail

0.9%

DE Market

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.


Shareholder returns

ARTIndustryMarket
7 Day0.9%0.06%1.4%
30 Day6.4%-0.6%8.7%
90 Day-10.0%8.2%2.3%
1 Year74.1%74.1%101.0%100.3%4.1%0.9%
3 Year30.5%30.5%103.7%106.4%3.9%-5.1%
5 Year189.6%189.6%64.2%61.0%24.8%7.1%

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

Valuation

Is artnet undervalued compared to its fair value and its price relative to the market?

47.1%

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).


Next Steps

Future Growth

How is artnet forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

38.1%

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.


Next Steps

Past Performance

How has artnet performed over the past 5 years?

34.4%

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.


Next Steps

Financial Health

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.


Balance Sheet


Next Steps

Dividend

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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.3yrs

Average board tenure


CEO

Jacob Pabst (47 yo)

8.33yrs

Tenure

€410,718

Compensation

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.


Board Members

NamePositionTenureCompensationOwnership
Hans Neuendorf
Chairman of Supervisory Board3.5yrs€50.00kno data
Pascal Decker
Deputy Chairman of Supervisory Board2.25yrs€37.50kno data
Michaela Diener
Member of Supervisory Board0.25yrno datano data

2.3yrs

Average Tenure

Experienced Board: ART's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • 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


Location

  • artnet AG
  • Oranienstrasse 164
  • Berlin
  • Berlin
  • 10969
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ARTDB (Deutsche Boerse AG)YesRegistered SharesDEEURMay 1999
0Q4ALSE (London Stock Exchange)YesRegistered SharesGBEURMay 1999
ARTXTRA (XETRA Trading Platform)YesRegistered SharesDEEURMay 1999
ARTZ.FOTCPK (Pink Sheets LLC)YesRegistered SharesUSUSDMay 1999

Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/26 20:20
End of Day Share Price2020/11/26 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.