XTRA:TTK

Stock Analysis Report

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Executive Summary

TAKKT AG operates as a B2B direct marketing company for business equipment in Europe and North America. More Details


Snowflake Analysis

Very undervalued with flawless balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: TTK is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: TTK's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

3.0%

TTK

-1.6%

DE Online Retail

0.7%

DE Market


1 Year Return

-11.0%

TTK

92.9%

DE Online Retail

0.6%

DE Market

Return vs Industry: TTK underperformed the German Online Retail industry which returned 94.1% over the past year.

Return vs Market: TTK underperformed the German Market which returned 1.1% over the past year.


Shareholder returns

TTKIndustryMarket
7 Day3.0%-1.6%0.7%
30 Day8.9%-3.3%7.8%
90 Day-8.5%3.3%1.7%
1 Year1.1%-11.0%93.5%92.9%3.9%0.6%
3 Year-27.7%-42.3%96.9%99.3%4.0%-5.0%
5 Year-25.0%-43.2%62.1%58.9%21.4%4.2%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

44.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TTK (€10.32) is trading below our estimate of fair value (€18.52)

Significantly Below Fair Value: TTK is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: TTK is good value based on its PE Ratio (14.9x) compared to the DE Online Retail industry average (53.3x).

PE vs Market: TTK is good value based on its PE Ratio (14.9x) compared to the German market (23x).


Price to Earnings Growth Ratio

PEG Ratio: TTK is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: TTK is good value based on its PB Ratio (1x) compared to the DE Online Retail industry average (5.8x).


Next Steps

Future Growth

How is TAKKT forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

22.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TTK's forecast earnings growth (22.9% per year) is above the savings rate (0.2%).

Earnings vs Market: TTK's earnings (22.9% per year) are forecast to grow slower than the German market (27.4% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: TTK's revenue (5.4% per year) is forecast to grow slower than the German market (5.8% per year).

High Growth Revenue: TTK's revenue (5.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TTK's Return on Equity is forecast to be low in 3 years time (8.5%).


Next Steps

Past Performance

How has TAKKT performed over the past 5 years?

-5.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TTK has high quality earnings.

Growing Profit Margin: TTK's current net profit margins (4.2%) are lower than last year (7%).


Past Earnings Growth Analysis

Earnings Trend: TTK's earnings have declined by 5% per year over the past 5 years.

Accelerating Growth: TTK's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: TTK had negative earnings growth (-46.9%) over the past year, making it difficult to compare to the Online Retail industry average (30.6%).


Return on Equity

High ROE: TTK's Return on Equity (6.9%) is considered low.


Next Steps

Financial Health

How is TAKKT's financial position?


Financial Position Analysis

Short Term Liabilities: TTK's short term assets (€239.7M) exceed its short term liabilities (€155.0M).

Long Term Liabilities: TTK's short term assets (€239.7M) exceed its long term liabilities (€225.7M).


Debt to Equity History and Analysis

Debt Level: TTK's debt to equity ratio (1.4%) is considered satisfactory.

Reducing Debt: TTK's debt to equity ratio has reduced from 51.3% to 1.4% over the past 5 years.

Debt Coverage: TTK's debt is well covered by operating cash flow (1406.5%).

Interest Coverage: TTK's interest payments on its debt are well covered by EBIT (13.5x coverage).


Balance Sheet


Next Steps

Dividend

What is TAKKT current dividend yield, its reliability and sustainability?

4.20%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate TTK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate TTK'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 TTK's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TTK's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: TTK is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TTK'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?

9.3yrs

Average management tenure


CEO

Felix Zimmermann (54 yo)

11.42yrs

Tenure

€1,420,000

Compensation

Dr. Felix A. Zimmermann has been the Chairman of the Management Board and Chief Executive Officer of Takkt AG since June 01, 2009 and has been its Member of Management Board since May 1, 2008. Dr. Zimmerma...


CEO Compensation Analysis

Compensation vs Market: Felix's total compensation ($USD1.69M) is above average for companies of similar size in the German market ($USD1.28M).

Compensation vs Earnings: Felix's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Felix Zimmermann
Chairman of the Management Board & CEO11.42yrs€1.42mno data
Claude Tomaszewski
CFO & Member of Management Board9.25yrs€942.00kno data
Tobias Flaitz
Member of the Management Board0.42yrno datano data
Christian Warns
Head of Investor Relationsno datano datano data
Fabien Houri
Head of Hubert - Canadano datano datano data
Kurt Chang
Head of KAISER + KRAFTno datano datano data
Alfonso Del Campo
Head of C&H Productos Industrialesno datano datano data
Mine Lu
Head of Kaiser + Kraft Turkeyno datano datano data
Dieter Schmitt
Head of Human Resources of Topdeq Serviceno datano datano data
Michaela Epple
Head of Human Resources - Kaiser + Kraft Europano datano datano data

9.3yrs

Average Tenure

51yo

Average Age

Experienced Management: TTK's management team is seasoned and experienced (9.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Thomas Kniehl
Member of the Supervisory Board21.25yrs€58.00kno data
Florian Funck
Chairman of the Supervisory Board1.5yrs€96.30kno data
Johannes Haupt
Independent Deputy Chairman of the Supervisory Board6.17yrs€87.50kno data
Dorothee Ritz
Independent Member of the Supervisory Board6.08yrs€58.00kno data
Christian Wendler
Independent Member of the Supervisory Board3.5yrs€60.50kno data
Thomas Schmidt
Member of Supervisory Board1.5yrs€37.20kno data

4.8yrs

Average Tenure

53.5yo

Average Age

Experienced Board: TTK's board of directors are considered experienced (4.8 years average tenure).


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

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


Key Information

  • Name: TAKKT AG
  • Ticker: TTK
  • Exchange: XTRA
  • Founded: 1945
  • Industry: Internet and Direct Marketing Retail
  • Sector: Retail
  • Market Cap: €677.099m
  • Shares outstanding: 65.61m
  • Website: https://www.takkt.de

Number of Employees


Location

  • TAKKT AG
  • Presselstrasse 12
  • Stuttgart
  • Baden-Württemberg
  • 70191
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TTKDB (Deutsche Boerse AG)YesBearer SharesDEEURSep 1999
TTKXTRA (XETRA Trading Platform)YesBearer SharesDEEURSep 1999
0GC8LSE (London Stock Exchange)YesBearer SharesGBEURSep 1999
TAUK.FOTCPK (Pink Sheets LLC)YesBearer SharesUSUSDSep 1999
TTKDBATS-CHIXE (BATS 'Chi-X Europe')YesBearer SharesGBEURSep 1999
TTKSWX (SIX Swiss Exchange)YesBearer SharesCHCHFSep 1999
TTKWBAG (Wiener Boerse AG)YesBearer SharesATEURSep 1999

Biography

TAKKT AG operates as a B2B direct marketing company for business equipment in Europe and North America. The company operates in two segments, Omnichannel Commerce and Web-Focused Commerce. The Omnichannel ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/25 21:07
End of Day Share Price2020/11/24 00:00
Earnings2020/09/30
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.