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ORBIS

XTRA:OBS
Snowflake Description

Excellent balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
OBS
XTRA
€54M
Market Cap
  1. Home
  2. DE
  3. Software
Company description

ORBIS AG provides software and business consultancy services to the automotive, manufacturing, consumer goods/trade, machine and plant engineering, mill products, and electrical industries in Germany and internationally. The last earnings update was 113 days ago. More info.


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OBS Share Price and Events
7 Day Returns
-2.4%
XTRA:OBS
1.1%
DE IT
-0.7%
DE Market
1 Year Returns
18.3%
XTRA:OBS
-1%
DE IT
-7.6%
DE Market
OBS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ORBIS (OBS) -2.4% -6.8% -3.2% 18.3% 63.1% 91%
DE IT 1.1% -0.7% 17.9% -1% 168.4% 285.9%
DE Market -0.7% -0.5% -3.8% -7.6% 8.3% 11.1%
1 Year Return vs Industry and Market
  • OBS outperformed the IT industry which returned -1% over the past year.
  • OBS outperformed the Market in Germany which returned -7.6% over the past year.
Price Volatility
OBS
Industry
5yr Volatility vs Market
Related Companies

Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of ORBIS to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for ORBIS.

XTRA:OBS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for XTRA:OBS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
IT Unlevered Beta Simply Wall St/ S&P Global 0.99
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.986 (1 + (1- 30%) (0.15%))
0.991
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.99
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.991 * 5.96%)
6.14%

Discounted Cash Flow Calculation for XTRA:OBS using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for ORBIS is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

XTRA:OBS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.14%)
2020 1.91 Est @ -20.94% 1.80
2021 1.63 Est @ -14.59% 1.44
2022 1.46 Est @ -10.14% 1.22
2023 1.36 Est @ -7.03% 1.07
2024 1.29 Est @ -4.85% 0.96
2025 1.25 Est @ -3.33% 0.87
2026 1.22 Est @ -2.26% 0.81
2027 1.20 Est @ -1.52% 0.75
2028 1.19 Est @ -0.99% 0.70
2029 1.18 Est @ -0.63% 0.65
Present value of next 10 years cash flows €10.27
XTRA:OBS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €1.18 × (1 + 0.23%) ÷ (6.14% – 0.23%)
€20.09
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €20.09 ÷ (1 + 6.14%)10
€11.08
XTRA:OBS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €10.27 + €11.08
€21.35
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €21.35 / 8.85
€2.41
XTRA:OBS Discount to Share Price
Calculation Result
Value per share (EUR) From above. €2.41
Current discount Discount to share price of €6.15
= -1 x (€6.15 - €2.41) / €2.41
-155%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of ORBIS is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for ORBIS's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ORBIS's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
XTRA:OBS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.25
XTRA:OBS Share Price ** XTRA (2019-07-19) in EUR €6.15
Germany IT Industry PE Ratio Median Figure of 20 Publicly-Listed IT Companies 25.74x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.75x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of ORBIS.

XTRA:OBS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= XTRA:OBS Share Price ÷ EPS (both in EUR)

= 6.15 ÷ 0.25

24.29x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ORBIS is good value based on earnings compared to the DE IT industry average.
  • ORBIS is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does ORBIS's expected growth come at a high price?
Raw Data
XTRA:OBS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 24.29x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
4.7%per year
Germany IT Industry PEG Ratio Median Figure of 12 Publicly-Listed IT Companies 1.52x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

XTRA:OBS PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 24.29x ÷ 4.7%

5.19x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ORBIS is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on ORBIS's assets?
Raw Data
XTRA:OBS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €2.79
XTRA:OBS Share Price * XTRA (2019-07-19) in EUR €6.15
Germany IT Industry PB Ratio Median Figure of 25 Publicly-Listed IT Companies 3.84x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.71x
XTRA:OBS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= XTRA:OBS Share Price ÷ Book Value per Share (both in EUR)

= 6.15 ÷ 2.79

2.2x

* Primary Listing of ORBIS.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ORBIS is good value based on assets compared to the DE IT industry average.
X
Value checks
We assess ORBIS's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the IT industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the IT industry average (and greater than 0)? (1 check)
  5. ORBIS has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is ORBIS expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
4.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ORBIS expected to grow at an attractive rate?
  • ORBIS's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • ORBIS's earnings growth is positive but not above the Germany market average.
  • ORBIS's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
XTRA:OBS Future Growth Rates Data Sources
Data Point Source Value (per year)
XTRA:OBS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 4.7%
XTRA:OBS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 4.7%
Germany IT Industry Earnings Growth Rate Market Cap Weighted Average 25%
Germany IT Industry Revenue Growth Rate Market Cap Weighted Average 17.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
XTRA:OBS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
XTRA:OBS Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 70 2 1
2019-12-31 67 2 1
XTRA:OBS Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 63 3 2
2018-09-30 58 1 2
2018-06-30 53 -2 2
2018-03-31 52 1 2
2017-12-31 50 3 2
2017-09-30 49 4 2
2017-06-30 48 5 1
2017-03-31 47 5 1
2016-12-31 46 5 1
2016-09-30 46 4 1
2016-06-30 45 3 1
2016-03-31 44 2 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • ORBIS's earnings are expected to grow by 4.7% yearly, however this is not considered high growth (20% yearly).
  • ORBIS's revenue is expected to grow by 4.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
XTRA:OBS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from ORBIS Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XTRA:OBS Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.27 0.27 0.27 1.00
2019-12-31 0.26 0.26 0.26 1.00
XTRA:OBS Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 0.25
2018-09-30 0.23
2018-06-30 0.20
2018-03-31 0.20
2017-12-31 0.20
2017-09-30 0.18
2017-06-30 0.17
2017-03-31 0.17
2016-12-31 0.18
2016-09-30 0.15
2016-06-30 0.13
2016-03-31 0.14

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if ORBIS will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess ORBIS's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
ORBIS has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has ORBIS performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare ORBIS's growth in the last year to its industry (IT).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • ORBIS's year on year earnings growth rate has been positive over the past 5 years.
  • ORBIS's 1-year earnings growth exceeds its 5-year average (31.7% vs 5.1%)
  • ORBIS's earnings growth has exceeded the DE IT industry average in the past year (31.7% vs 16.2%).
Earnings and Revenue History
ORBIS's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from ORBIS Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XTRA:OBS Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 63.20 2.19 1.37
2018-09-30 58.16 1.95 1.30
2018-06-30 53.11 1.72 1.23
2018-03-31 51.73 1.69 1.23
2017-12-31 50.36 1.66 1.23
2017-09-30 49.07 1.55 1.31
2017-06-30 47.77 1.44 1.38
2017-03-31 46.89 1.46 1.38
2016-12-31 46.01 1.49 1.38
2016-09-30 45.59 1.28 1.27
2016-06-30 45.17 1.08 1.16
2016-03-31 43.92 1.16 1.16
2015-12-31 42.67 1.25 1.16
2015-09-30 41.66 1.45 1.10
2015-06-30 40.64 1.66 1.04
2015-03-31 40.05 1.58 1.04
2014-12-31 39.45 1.50 1.04
2014-09-30 38.36 1.47 0.97
2014-06-30 37.28 1.43 0.90
2014-03-31 36.66 1.49 0.90
2013-12-31 36.05 1.56 0.90
2013-09-30 36.04 1.62 0.93
2013-06-30 36.02 1.68 0.97
2013-03-31 35.39 1.67 0.97
2012-12-31 34.75 1.65 0.97
2012-09-30 32.98 1.70 0.87

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • ORBIS has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • ORBIS used its assets less efficiently than the DE IT industry average last year based on Return on Assets.
  • ORBIS has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess ORBIS's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the IT industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
ORBIS has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is ORBIS's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up ORBIS's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • ORBIS is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • ORBIS's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of ORBIS's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 374.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from ORBIS Company Filings, last reported 6 months ago.

XTRA:OBS Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 29.12 0.08 12.13
2018-09-30 29.12 0.08 12.13
2018-06-30 21.44 0.13 7.66
2018-03-31 21.44 0.13 7.66
2017-12-31 21.73 0.13 11.99
2017-09-30 21.73 0.13 11.99
2017-06-30 20.35 0.13 11.18
2017-03-31 20.35 0.13 11.18
2016-12-31 20.72 0.12 10.95
2016-09-30 20.72 0.12 10.95
2016-06-30 20.58 0.21 8.39
2016-03-31 20.58 0.21 8.39
2015-12-31 20.72 0.32 7.81
2015-09-30 20.72 0.32 7.81
2015-06-30 20.36 0.38 6.56
2015-03-31 20.36 0.38 6.56
2014-12-31 20.18 0.27 7.93
2014-09-30 20.18 0.27 7.93
2014-06-30 19.77 0.00 7.61
2014-03-31 19.77 0.00 7.61
2013-12-31 19.63 0.42 8.23
2013-09-30 19.63 0.42 8.23
2013-06-30 19.84 0.00 9.92
2013-03-31 19.84 0.00 9.92
2012-12-31 19.45 0.00 8.92
2012-09-30 19.45 0.00 8.92
  • ORBIS's level of debt (0.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (2.1% vs 0.3% today).
  • Debt is well covered by operating cash flow (3775.9%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on ORBIS's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess ORBIS's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. ORBIS has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.6%
Current annual income from ORBIS dividends. Estimated to be 3.01% next year.
If you bought €2,000 of ORBIS shares you are expected to receive €52 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • ORBIS's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.48%).
  • ORBIS's dividend is below the markets top 25% of dividend payers in Germany (3.92%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
XTRA:OBS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Germany IT Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 0.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

XTRA:OBS Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.19 1.00
2019-12-31 0.18 1.00
XTRA:OBS Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-29 0.160 2.473
2018-03-29 0.140 2.730
2017-03-27 0.120 2.208
2016-03-31 0.100 2.581
2015-03-30 0.080 2.380
2014-04-01 0.070 2.256
2013-03-28 0.060 2.115
2012-03-30 0.040 1.915
2011-03-31 0.030 2.174
2010-01-04 0.020 1.585

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of ORBIS's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.4x coverage).
X
Income/ dividend checks
We assess ORBIS's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can ORBIS afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. ORBIS has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Thomas Gard
COMPENSATION €522,000
CEO Bio

Mr. Thomas Gard serves as Spokesman of the Management Board at ORBIS AG. Mr. Gard serves as Head of Sales & Marketing, IR & Product Business and was responsible for Sales & Marketing, Investor Relations and Product Business. Mr. Gard served as the Chairman of Management Board at ORBIS AG.

CEO Compensation
  • Thomas's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Thomas's remuneration is lower than average for companies of similar size in Germany.
Management Team

Thomas Gard

TITLE
Spokesman of the Management Board
COMPENSATION
€522K

Stefan Mailänder

TITLE
CFO, Head of Finances
COMPENSATION
€510K
Board of Directors

Ulrich Holzer

TITLE
Chairman of Supervisory Board

Peter Kraus

TITLE
Deputy Chairman of the Supervisory Board

Uwe Spörl

TITLE
Member of Supervisory Board
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess ORBIS's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. ORBIS has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

If You Had Bought ORBIS (ETR:OBS) Stock Five Years Ago, You Could Pocket A 107% Gain Today

One great example is ORBIS AG (ETR:OBS) which saw its share price drive 107% higher over five years. … During five years of share price growth, ORBIS achieved compound earnings per share (EPS) growth of 6.8% per year. … Before deciding if you like the current share price, check how ORBIS scores on these 3 valuation metrics.

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Why We Think ORBIS AG (ETR:OBS) Could Be Worth Looking At

XTRA:OBS Income Statement, June 20th 2019 Next Steps: For ORBIS, I've compiled three important aspects you should look at: Future Outlook: What are well-informed industry analysts predicting for OBS’s future growth? … Take a look at our free research report of analyst consensus for OBS’s outlook. … The intrinsic value infographic in our free research report helps visualize whether OBS is currently mispriced by the market.

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Based On Its ROE, Is ORBIS AG (ETR:OBS) A High Quality Stock?

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for ORBIS: 9.0% = €2.2m ÷ €29m (Based on the trailing twelve months to December 2018.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … Does ORBIS Have A Good Return On Equity? … The Importance Of Debt To Return On Equity Most companies need money -- from somewhere -- to grow their profits.

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Does ORBIS AG (ETR:OBS) Create Value For Shareholders?

ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business. … The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for ORBIS: 0.10 = €3.3m ÷ (€49m - €16m) (Based on the trailing twelve months to December 2018.) So, ORBIS has an ROCE of 10.0%. … Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE.

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How Does ORBIS AG's (ETR:OBS) Earnings Growth Stack Up Against Industry Performance?

When ORBIS AG (ETR:OBS) released its most recent earnings update (31 December 2018), I compared it against two factor: its historical earnings track record, and the performance of its industry peers on average. … See our latest analysis for ORBIS Did OBS's recent earnings growth beat the long-term trend and the industry? … You should continue to research ORBIS to get a more holistic view of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for OBS’s future growth?

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Would ORBIS AG (ETR:OBS) Be Valuable To Income Investors?

Today we'll take a closer look at ORBIS AG (ETR:OBS) from a dividend investor's perspective. … Owning a strong dividend company and reinvesting the dividends is widely seen as an attractive way of growing your wealth. … Some simple analysis can offer a lot of insight when buying a company for its dividend, and we'll go through these below.

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Is ORBIS AG's (ETR:OBS) CEO Overpaid Relative To Its Peers?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Thomas Gard's Compensation Compare With Similar Sized Companies. … We examined a group of similar sized companies, with market capitalizations of below €178m

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Introducing ORBIS (ETR:OBS), A Stock That Climbed 63% In The Last Five Years

To wit, the ORBIS share price has climbed 63% in five years, easily topping the market return of 14% (ignoring dividends). … Over half a decade, ORBIS managed to grow its earnings per share at 0.5% a year. … This EPS growth is slower than the share price growth of 10% per year, over the same period.

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A Closer Look At ORBIS AG's (ETR:OBS) Uninspiring ROE

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Another way to think of that is that for every €1 worth of equity in the company, it was able to earn €0.097. … Return on Equity = Net Profit ÷ Shareholders' Equity

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ORBIS AG’s (ETR:OBS) Investment Returns Are Lagging Its Industry

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … What is Return On Capital Employed (ROCE)? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

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Company Info

Description

ORBIS AG provides software and business consultancy services to the automotive, manufacturing, consumer goods/trade, machine and plant engineering, mill products, and electrical industries in Germany and internationally. It advises and supports companies in IT strategy, business processes optimization, system selection, system implementation, and system integration. The company offers various solutions, including business intelligence, consumer suite, customer relationship management (CRM), intralogistics, manufacturing execution, multi-process suite, product cost calculator, project management system, and variant management solutions; and smart manufacturing, SAP hybrid cloud, and Microsoft CRM solutions, as well as ORBIS NetCoach, an e-learning software for staff training. In addition, the company offers process consulting services, such as business analytics, SAP CRM and Microsoft CRM, customer service, finance and financial control with SAP FI and SAP CO, logistics with SAP LES or SAP SCE, human capital management with SAP HCM (HR), product lifecycle management (PLM) with SAP PLM, international SAP rollouts, and supply chain management with SAP SCM. Further, it supports its customers in the rollouts of ERP solutions and processes. The company was founded in 1986 and is based in Saarbrücken, Germany.

Details
Name: ORBIS AG
OBS
Exchange: XTRA
Founded: 1986
€54,435,292
8,851,267
Website: http://www.orbis.de
Address: ORBIS AG
Nell-Breuning-Allee 3–5,
Saarbrücken,
Saarland, 66115,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA OBS Bearer Common Stock XETRA Trading Platform DE EUR 25. Sep 2000
DB OBS Bearer Common Stock Deutsche Boerse AG DE EUR 25. Sep 2000
Number of employees
Current staff
Staff numbers
507
ORBIS employees.
Industry
IT Consulting and Other Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/20 21:08
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/04/29
Last earnings filing: 2019/03/29
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.