XTRA:FEV

Stock Analysis Report

FORTEC Elektronik

Executive Summary

FORTEC Elektronik AG provides industrial power supplies and display technologies in Germany, the United Kingdom, and internationally.

Snowflake

Fundamentals

Solid track record with excellent balance sheet and pays a dividend.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

2.0%

FEV

-0.7%

DE Electronic

0.03%

DE Market


1 Year Return

10.0%

FEV

8.3%

DE Electronic

9.9%

DE Market

Return vs Industry: FEV exceeded the German Electronic industry which returned 8.3% over the past year.

Return vs Market: FEV matched the German Market which returned 9.9% over the past year.


Shareholder returns

FEVIndustryMarket
7 Day2.0%-0.7%0.03%
30 Day0.5%12.2%4.4%
90 Day5.5%33.5%13.6%
1 Year13.4%10.0%9.2%8.3%13.4%9.9%
3 Year33.3%22.1%73.5%69.7%25.6%14.6%
5 Year106.7%77.1%149.1%137.3%36.9%18.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

11.6x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: FEV (€20.3) is trading above our estimate of fair value (€18.45)

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


Price To Earnings Ratio

PE vs Industry: FEV is good value based on its PE Ratio (11.6x) compared to the Electronic industry average (22.8x).

PE vs Market: FEV is good value based on its PE Ratio (11.6x) compared to the German market (19.5x).


Price to Earnings Growth Ratio

PEG Ratio: FEV is poor value based on its PEG Ratio (6.4x)


Price to Book Ratio

PB vs Industry: FEV is good value based on its PB Ratio (1.6x) compared to the DE Electronic industry average (2.2x).


Next Steps

Future Growth

How is FORTEC Elektronik forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

1.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FEV's forecast earnings growth (1.8% per year) is above the savings rate (0.2%).

Earnings vs Market: FEV's earnings (1.8% per year) are forecast to grow slower than the German market (12.5% per year).

High Growth Earnings: FEV's earnings are forecast to grow, but not significantly.

Revenue vs Market: FEV's revenue (3.2% per year) is forecast to grow slower than the German market (4.8% per year).

High Growth Revenue: FEV's revenue (3.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: FEV's Return on Equity is forecast to be low in 3 years time (12.6%).


Next Steps

Past Performance

How has FORTEC Elektronik performed over the past 5 years?

25.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FEV has high quality earnings.

Growing Profit Margin: FEV's current net profit margins (6.4%) are higher than last year (5.4%).


Past Earnings Growth Analysis

Earnings Trend: FEV's earnings have grown significantly by 25.1% per year over the past 5 years.

Accelerating Growth: FEV's earnings growth over the past year (31.8%) exceeds its 5-year average (25.1% per year).

Earnings vs Industry: FEV earnings growth over the past year (31.8%) exceeded the Electronic industry 3.6%.


Return on Equity

High ROE: FEV's Return on Equity (14.2%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is FORTEC Elektronik's financial position?


Financial Position Analysis

Short Term Liabilities: FEV's short term assets (€44.4M) exceeds its short term liabilities (€11.5M)

Long Term Liabilities: FEV's short term assets (44.4M) exceeds its long term liabilities (5.8M)


Debt to Equity History and Analysis

Debt Level: FEV's debt to equity ratio (15.1%) is considered satisfactory

Reducing Debt: Insufficient data to determine if FEV's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: FEV's debt is well covered by operating cash flow (65.1%).

Interest Coverage: FEV's interest payments on its debt are well covered by EBIT (295.1x coverage).


Balance Sheet

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

Debt Coverage by Assets: FEV's debt is covered by short term assets (assets are 7.3x debt).


Next Steps

Dividend

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

3.45%

Current Dividend Yield


Dividend Yield vs Market

company3.4%marketbottom25%1.3%markettop25%3.7%industryaverage1.2%forecastin3Years3.5%

Current dividend yield vs market & industry

Notable Dividend: FEV's dividend (3.45%) is higher than the bottom 25% of dividend payers in the German market (1.33%).

High Dividend: FEV's dividend (3.45%) is low compared to the top 25% of dividend payers in the German market (3.66%).


Stability and Growth of Payments

Stable Dividend: FEV's dividends per share have been stable in the past 10 years.

Growing Dividend: FEV's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (40%), FEV's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: FEV's dividends in 3 years are forecast to be well covered by earnings (41.2% payout ratio).


Next Steps

Management

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


CEO

Sandra Maile 0

0yrs

Tenure

0

Ms. Sandra Maile serves as Chief Executive Officer of Autronic GmbH, subsidiary of Fortec Elektronik AG. Ms. Maile serves as Chief Executive Officer and Spokeswoman of the Board at Fortec Elektronik AG. Ms ...


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

  • Bernhard Staller

    COO of Display Technology & Embedded and Member of Board

    • Tenure: 2.3yrs
  • Jörg Traum

    COO of Power Supplies - Distribution & Member of Executive Board

    • Tenure: 0yrs
  • Sandra Maile

    CEO & Spokeswoman of the Board

    • Tenure: 0yrs

Board Members

  • Michael Höfer

    Deputy Chairman of Supervisory Board

    • Tenure: 0yrs
  • Volker Grabner

    Member of Supervisory Board

    • Tenure: 0yrs
  • Christoph Schubert

    Chairman of the Supervisory Board

    • Tenure: 0.2yrs

Company Information

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


Key Information

  • Name: FORTEC Elektronik AG
  • Ticker: FEV
  • Exchange: XTRA
  • Founded: 1984
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: €65.984m
  • Shares outstanding: 3.25m
  • Website: https://www.fortecag.de

Number of Employees


Location

  • FORTEC Elektronik AG
  • Lechwiesenstrasse 9
  • Landsberg am Lech
  • Bavaria
  • 86899
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FEVDB (Deutsche Boerse AG)YesOrdinary SharesDEEURAug 1992
FEVXTRA (XETRA Trading Platform)YesOrdinary SharesDEEURAug 1992
0HQQLSE (London Stock Exchange)YesOrdinary SharesGBEURAug 1992

Biography

FORTEC Elektronik AG provides industrial power supplies and display technologies in Germany, the United Kingdom, and internationally. The company operates in two segments, Data Visualisation Systems and Po ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/16 21:03
End of Day Share Price2019/11/15 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


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.