XTRA:ELG

Stock Analysis Report

Executive Summary

Elmos Semiconductor AG develops, produces, and markets semiconductors and sensors primarily for use in the automotive industry worldwide.

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Fundamentals

Flawless balance sheet with solid track record.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: ELG has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-6.3%

ELG

3.9%

DE Semiconductor

-0.3%

DE Market


1 Year Return

52.8%

ELG

20.3%

DE Semiconductor

10.4%

DE Market

Return vs Industry: ELG exceeded the German Semiconductor industry which returned 20.3% over the past year.

Return vs Market: ELG exceeded the German Market which returned 10.4% over the past year.


Shareholder returns

ELGIndustryMarket
7 Day-6.3%3.9%-0.3%
30 Day12.1%16.3%4.2%
90 Day8.5%22.2%12.4%
1 Year56.2%52.8%22.2%20.3%13.9%10.4%
3 Year107.7%97.2%33.3%28.8%24.9%13.9%
5 Year110.2%90.0%118.4%107.3%35.6%17.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

5.82x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ELG (€28.2) is trading above our estimate of fair value (€17.38)

Significantly Below Fair Value: ELG is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ELG is good value based on its PE Ratio (5.8x) compared to the Semiconductor industry average (24.5x).

PE vs Market: ELG is good value based on its PE Ratio (5.8x) compared to the German market (19.7x).


Price to Earnings Growth Ratio

PEG Ratio: ELG's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: ELG is good value based on its PB Ratio (1.6x) compared to the DE Semiconductor industry average (2.3x).


Next Steps

Future Growth

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

-42.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ELG's earnings are forecast to decline over the next 3 years (-42.4% per year).

Earnings vs Market: ELG's earnings are forecast to decline over the next 3 years (-42.4% per year).

High Growth Earnings: ELG's earnings are forecast to decline over the next 3 years.

Revenue vs Market: ELG's revenue (3.6% per year) is forecast to grow slower than the German market (4.8% per year).

High Growth Revenue: ELG's revenue (3.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ELG's Return on Equity is forecast to be low in 3 years time (9.7%).


Next Steps

Past Performance

How has Elmos Semiconductor performed over the past 5 years?

30.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ELG has a high level of non-cash earnings.

Growing Profit Margin: ELG's current net profit margins (32.5%) are higher than last year (12.5%).


Past Earnings Growth Analysis

Earnings Trend: ELG's earnings have grown significantly by 30.8% per year over the past 5 years.

Accelerating Growth: ELG's earnings growth over the past year (182.5%) exceeds its 5-year average (30.8% per year).

Earnings vs Industry: ELG earnings growth over the past year (182.5%) exceeded the Semiconductor industry -17.8%.


Return on Equity

High ROE: ELG's Return on Equity (28.4%) is considered high.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Elmos Semiconductor's financial position?


Financial Position Analysis

Short Term Liabilities: ELG's short term assets (€256.5M) exceeds its short term liabilities (€50.5M)

Long Term Liabilities: ELG's short term assets (€256.5M) exceeds its long term liabilities (56.2M)


Debt to Equity History and Analysis

Debt Level: ELG's debt to equity ratio (14.6%) is considered satisfactory.

Reducing Debt: ELG's debt to equity ratio has reduced from 18.6% to 14.6% over the past 5 years.

Debt Coverage: ELG's debt is well covered by operating cash flow (84%).

Interest Coverage: ELG's interest payments on its debt are well covered by EBIT (43.2x coverage).


Balance Sheet

Inventory Level: ELG has a high level of physical assets or inventory.

Debt Coverage by Assets: ELG's debt is covered by short term assets (assets are 5.2x debt).


Next Steps

Dividend

What is Elmos Semiconductor's current dividend yield, its reliability and sustainability?

1.84%

Current Dividend Yield


Dividend Yield vs Market

company1.8%marketbottom25%1.3%markettop25%3.7%industryaverage1.2%forecastin3Years2.0%

Current dividend yield vs market & industry

Notable Dividend: ELG's dividend (1.84%) is higher than the bottom 25% of dividend payers in the German market (1.35%).

High Dividend: ELG's dividend (1.84%) is low compared to the top 25% of dividend payers in the German market (3.72%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, ELG has been paying a dividend for less than 10 years.

Growing Dividend: ELG's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (10.7%), ELG's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ELG's dividends in 3 years are forecast to be well covered by earnings (32.2% payout ratio).


Next Steps

Management

What is the CEO of Elmos Semiconductor's salary, the management and board of directors tenure and is there insider trading?

4.1yrs

Average management tenure


CEO

Anton Mindl (62yo)

13.8yrs

Tenure

0

Dr. rer. nat. Anton Mindl has been the Chairman of Management Board and Chief Executive Officer of ELMOS Semiconductor AG since January 1, 2006 and has been its Member of the Management Board since October ...


Management Age and Tenure

4.1yrs

Average Tenure

51yo

Average Age

Experienced Management: ELG's management team is considered experienced (4.1 years average tenure).


Board Age and Tenure

6.0yrs

Average Tenure

67.5yo

Average Age

Experienced Board: ELG's board of directors are considered experienced (6 years average tenure).


Insider Trading

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.


Management Team

  • Klaus Weyer (71yo)

    Founder & Chairman of the Supervisory Board

    • Tenure: 2.5yrs
  • Anton Mindl (62yo)

    Chairman of Management Board & CEO

    • Tenure: 13.8yrs
  • Arne Schneider (43yo)

    CFO & Member of the Management Board

    • Tenure: 5.3yrs
  • Guido Meyer (51yo)

    COO & Member of Management Board

    • Tenure: 2.8yrs
  • Jan Dienstuhl (42yo)

    Chief Sales Officer & Member of Management Board

    • Tenure: 0.8yrs
  • Thalea Willms

    Head of Investor Relations

    • Tenure: 0yrs

Board Members

  • Klaus Egger (68yo)

    Member of Supervisory Board

    • Tenure: 8.4yrs
  • Gottfried H. Dutiné (67yo)

    Member of Supervisory Board

    • Tenure: 3.5yrs
  • Günter Zimmer (79yo)

    Vice Chairman & Honorary Chairman of Supervisory Board

    • Tenure: 2.5yrs
  • Klaus Weyer (71yo)

    Founder & Chairman of the Supervisory Board

    • Tenure: 2.5yrs
  • Thomas Lehner (58yo)

    Member of the Supervisory Board

    • Tenure: 8.4yrs
  • Sven-Olaf Schellenberg (48yo)

    Member of the Supervisory Board

    • Tenure: 8.5yrs

Company Information

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


Key Information

  • Name: Elmos Semiconductor AG
  • Ticker: ELG
  • Exchange: XTRA
  • Founded: 1984
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: €553.296m
  • Shares outstanding: 19.62m
  • Website: https://www.elmos.com

Number of Employees


Location

  • Elmos Semiconductor AG
  • Heinrich-Hertz-Strasse 1
  • Dortmund
  • North Rhine-Westphalia
  • 44227
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ELGDB (Deutsche Boerse AG)YesCommon Bearer SharesDEEUROct 1999
ELGXTRA (XETRA Trading Platform)YesCommon Bearer SharesDEEUROct 1999
0N9KLSE (London Stock Exchange)YesCommon Bearer SharesGBEUROct 1999
ELCT.FOTCPK (Pink Sheets LLC)YesCommon Bearer SharesUSUSDOct 1999
ELGDBATS-CHIXE (BATS 'Chi-X Europe')YesCommon Bearer SharesGBEUROct 1999

Biography

Elmos Semiconductor AG develops, produces, and markets semiconductors and sensors primarily for use in the automotive industry worldwide. The company operates in two segments, Semiconductor and Micromechan ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/19 21:09
End of Day Share Price2019/11/19 00:00
Earnings2019/09/30
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.