XTRA:BSL

Stock Analysis Report

Executive Summary

Basler Aktiengesellschaft develops, manufactures, and sells digital cameras for professional users in Europe, the United States, and Asia.

Snowflake

Fundamentals

Flawless balance sheet with reasonable growth potential.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

4.8%

BSL

1.8%

DE Electronic

0.1%

DE Market


1 Year Return

-25.2%

BSL

-20.0%

DE Electronic

-4.5%

DE Market

BSL underperformed the Electronic industry which returned -21.3% over the past year.

BSL underperformed the Market in Germany which returned -4.6% over the past year.


Share holder returns

BSLIndustryMarket
7 Day4.8%1.8%0.1%
30 Day23.6%17.9%6.2%
90 Day-18.1%-6.4%1.4%
1 Year-24.4%-25.2%-19.2%-20.0%-1.5%-4.5%
3 Year115.4%109.5%47.3%43.9%16.5%6.5%
5 Year207.1%191.5%111.7%100.9%33.8%15.5%

Price Volatility Vs. Market

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


Simply Wall St News

3 weeks ago | Simply Wall St

Is Basler (ETR:BSL) A Risky Investment?

Valuation

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

55.86x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Basler's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Basler's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Basler is overvalued based on earnings compared to the DE Electronic industry average.

Basler is overvalued based on earnings compared to the Germany market.


Price Based on Expected Growth

Basler is poor value based on expected growth next year.


Price Based on Value of Assets

Basler is overvalued based on assets compared to the DE Electronic industry average.


Next Steps

Future Growth

How is Basler expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

31.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Basler's revenue is expected to grow by 11.3% yearly, however this is not considered high growth (20% yearly).

Basler's earnings are expected to grow significantly at over 20% yearly.

Basler's revenue growth is expected to exceed the Germany market average.

Basler's earnings growth is expected to exceed the Germany market average.

Basler's earnings growth is expected to exceed the low risk savings rate of 0.2%.


Earnings per Share Growth Estimates


Future Return on Equity

Basler is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Basler performed over the past 5 years?

19.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Basler's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.

Basler's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Basler's 1-year earnings growth is negative, it can't be compared to the DE Electronic industry average.


Return on Equity

Basler has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Basler used its assets less efficiently than the DE Electronic industry average last year based on Return on Assets.


Return on Capital Employed

Basler's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Basler's financial position?


Financial Position Analysis

Basler is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Basler's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Basler's level of debt (21.8%) 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 (27.2% vs 21.8% today).

Debt is well covered by operating cash flow (105.7%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 27.7x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 4x debt.


Next Steps

Dividend

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

1.18%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Basler's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.39%).

Basler's dividend is below the markets top 25% of dividend payers in Germany (3.86%).

Basler has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).

Dividend payments have increased, but Basler only paid a dividend in the past 8 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.4x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (3.2x coverage).


Next Steps

Management

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

12.7yrs

Average management tenure


CEO

Dietmar Ley (55yo)

19.6yrs

Tenure

€560,000

Compensation

Dr. Ing. Dietmar Ley has been the Chief Executive Officer of Basler Aktiengesellschaft since February 2000 and serves as its Chairman of the Management Board. Dr. Ing. Ley served as Chairman of Management  ...


CEO Compensation Analysis

Dietmar's remuneration is about average for companies of similar size in Germany.

Dietmar's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Management Age and Tenure

12.7yrs

Average Tenure

55yo

Average Age

The average tenure for the Basler management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

2.4yrs

Average Tenure

56yo

Average Age

The average tenure for the Basler board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Dietmar Ley (55yo)

    Chairman of the Management Board & CEO

    • Tenure: 19.6yrs
    • Compensation: €560.00k
  • Norbert Basler (56yo)

    Founder & Chairman of the Supervisory Board

    • Tenure: 16.7yrs
  • John Jennings (55yo)

    Chief Commercial Officer & Member of Management Board

    • Tenure: 14.7yrs
    • Compensation: €531.00k
  • Arndt Bake (52yo)

    Chief Marketing Officer & Member of Management Board

    • Tenure: 8.7yrs
    • Compensation: €388.00k
  • Hardy Mehl (43yo)

    CFO, COO & Member of Management Board

    • Tenure: 0yrs
    • Compensation: €445.00k
  • Anke Wubbelmann

    Head of Communications

    • Tenure: 10.7yrs
  • Carsten Ohrt

    Head of Manufacturing

    • Tenure: 0yrs
  • Anja Sievers-Sack

    Head of Vocational Education & HR Marketing

    • Tenure: 0yrs
  • Sabine Knuppel

    Director of Human Resources & Organization

    • Tenure: 0yrs
  • Andy Rowe

    Head of Finance - UK

    • Tenure: 0yrs

Board Members

  • Eckart Kottkamp (79yo)

    Vice Chairman of the Supervisory Board

    • Tenure: 0yrs
  • Norbert Basler (56yo)

    Founder & Chairman of the Supervisory Board

    • Tenure: 16.7yrs
  • Dorothea Brandes

    Employees Representative Supervisory Board

    • Tenure: 1.3yrs
  • Horst Garbrecht

    Member of Supervisory Board

    • Tenure: 4.3yrs
  • Mirja Steinkamp (49yo)

    Member of Supervisory Board

    • Tenure: 2.4yrs
  • Marco Grimm

    Member of the Supervisory Board

    • Tenure: 1.3yrs

Company Information

Basler Aktiengesellschaft's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Basler Aktiengesellschaft
  • Ticker: BSL
  • Exchange: XTRA
  • Founded: 1988
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: €416.823m
  • Shares outstanding: 10.01m
  • Website: https://www.baslerweb.com

Number of Employees


Location

  • Basler Aktiengesellschaft
  • An der Strusbek 60-62
  • Ahrensburg
  • Schleswig-Holstein
  • 22926
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BSLDB (Deutsche Boerse AG)YesBearer SharesDEEURMar 1999
BSLXTRA (XETRA Trading Platform)YesBearer SharesDEEURMar 1999
0DUILSE (London Stock Exchange)YesBearer SharesGBEURMar 1999
BSLA.FOTCPK (Pink Sheets LLC)YesBearer SharesUSUSDMar 1999
BSLSWX (SIX Swiss Exchange)YesBearer SharesCHCHFMar 1999
BSLdBATS-CHIXE (BATS 'Chi-X Europe')YesBearer SharesGBEURMar 1999

Biography

Basler Aktiengesellschaft develops, manufactures, and sells digital cameras for professional users in Europe, the United States, and Asia. The company offers area scan, line scan, powerpack microscopy, 3D  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/19 20:54
End of Day Share Price2019/09/19 00:00
Earnings2019/06/30
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.