XTRA:S9I

Stock Analysis Report

Stemmer Imaging

Executive Summary

Stemmer Imaging AG provides machine vision technology for industry and science worldwide.

Snowflake

Fundamentals

Flawless balance sheet with reasonable growth potential.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: S9I has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-7.2%

S9I

0.3%

DE Electronic

-1.0%

DE Market


1 Year Return

-36.8%

S9I

5.6%

DE Electronic

9.1%

DE Market

Return vs Industry: S9I underperformed the German Electronic industry which returned 5.6% over the past year.

Return vs Market: S9I underperformed the German Market which returned 9.1% over the past year.


Shareholder returns

S9IIndustryMarket
7 Day-7.2%0.3%-1.0%
30 Day-8.2%12.4%4.4%
90 Day13.7%33.0%13.0%
1 Year-35.9%-36.8%6.5%5.6%12.5%9.1%
3 Yearn/a74.3%70.5%24.8%13.8%
5 Yearn/a148.5%136.8%39.1%20.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

10.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: S9I (€25.8) is trading below our estimate of fair value (€28.65)

Significantly Below Fair Value: S9I is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: S9I is poor value based on its PE Ratio (38.3x) compared to the Electronic industry average (23x).

PE vs Market: S9I is poor value based on its PE Ratio (38.3x) compared to the German market (19.4x).


Price to Earnings Growth Ratio

PEG Ratio: S9I is poor value based on its PEG Ratio (1.5x)


Price to Book Ratio

PB vs Industry: S9I is overvalued based on its PB Ratio (2.3x) compared to the DE Electronic industry average (2.2x).


Next Steps

Future Growth

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

26.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: S9I's forecast earnings growth (26.2% per year) is above the savings rate (0.2%).

Earnings vs Market: S9I's earnings (26.2% per year) are forecast to grow faster than the German market (12.6% per year).

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

Revenue vs Market: S9I's revenue (10.5% per year) is forecast to grow faster than the German market (4.9% per year).

High Growth Revenue: S9I's revenue (10.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: S9I's Return on Equity is forecast to be low in 3 years time (13.6%).


Next Steps

Past Performance

How has Stemmer Imaging performed over the past 5 years?

8.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: S9I has large one-off items impacting its financial results.

Growing Profit Margin: S9I's current net profit margins (4%) are lower than last year (5.5%).


Past Earnings Growth Analysis

Earnings Trend: S9I's earnings have grown by 8.5% per year over the past 5 years.

Accelerating Growth: S9I's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: S9I had negative earnings growth (-21.3%) over the past year, making it difficult to compare to the Electronic industry average (3.6%).


Return on Equity

High ROE: S9I's Return on Equity (6.1%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Stemmer Imaging's financial position?


Financial Position Analysis

Short Term Liabilities: S9I's short term assets (€73.9M) exceeds its short term liabilities (€14.9M)

Long Term Liabilities: S9I's short term assets (73.9M) exceeds its long term liabilities (970.0K)


Debt to Equity History and Analysis

Debt Level: S9I's debt to equity ratio (0.1%) is considered satisfactory

Reducing Debt: S9I's debt to equity ratio has reduced from 0.4% to 0.1% over the past 5 years.

Debt Coverage: S9I's debt is well covered by operating cash flow (6330.8%).

Interest Coverage: S9I earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: S9I has a low level of unsold assets or inventory.

Debt Coverage by Assets: S9I's debt is covered by short term assets (assets are 947.2x debt).


Next Steps

Dividend

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

1.94%

Current Dividend Yield


Upcoming Dividend Payment

Purchase Stemmer Imaging before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield vs Market

company1.9%marketbottom25%1.4%markettop25%3.7%industryaverage1.2%forecastin3Years1.8%

Current dividend yield vs market & industry

Notable Dividend: S9I's dividend (1.94%) is higher than the bottom 25% of dividend payers in the German market (1.38%).

High Dividend: S9I's dividend (1.94%) is low compared to the top 25% of dividend payers in the German market (3.67%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether S9I's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if S9I's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (74.2%), S9I's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: S9I's dividends in 3 years are forecast to be well covered by earnings (35.3% payout ratio).


Next Steps

Management

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


CEO

Arne Dehn (50yo)

0.8yrs

Tenure

0

Mr. Arne E. Dehn has been the Chief Executive Officer of Stemmer Imaging AG since February 28, 2019 and has been its Member of Executive Board since January 1, 2019. Mr. Dehn served as a Member of the Exec ...


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

  • Mark Williamson

    MD & Director of Corporate Market Development

    • Tenure: 0yrs
  • Arne Dehn (50yo)

    CEO & Member of Executive Board

    • Tenure: 0.8yrs
  • David Hearn

    Managing Director of United Kingdom Operations

    • Tenure: 0yrs
  • Martin Kersting

    Chief Technical Officer & Member of Management Board

    • Tenure: 0yrs
  • Claudio Sager

    Managing Director of Switzerland Operations

    • Tenure: 0yrs
  • Dietmar Serbée

    Managing Director - Benelux

    • Tenure: 0yrs
  • Lars Böhrnsen (44yo)

    CFO & Member of Management Board

    • Tenure: 2yrs

Board Members

  • Klaus Weinmann

    Chairman of the Supervisory Board

    • Tenure: 0yrs
  • Stefan Kober (49yo)

    Member of Supervisory Board

    • Tenure: 0yrs
  • Markus Saller

    Member of Supervisory Board

    • Tenure: 0yrs

Company Information

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


Key Information

  • Name: Stemmer Imaging AG
  • Ticker: S9I
  • Exchange: XTRA
  • Founded: 1987
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: €167.700m
  • Shares outstanding: 6.50m
  • Website: https://www.stemmer-imaging.com/de-de

Number of Employees


Location

  • Stemmer Imaging AG
  • Gutenbergstrasse 9-13
  • Puchheim
  • Bavaria
  • 82178
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
S9IDB (Deutsche Boerse AG)YesBearer Ordinary SharesDEEURFeb 2018
S9IXTRA (XETRA Trading Platform)YesBearer Ordinary SharesDEEURFeb 2018
0OC9LSE (London Stock Exchange)YesBearer Ordinary SharesGBEURFeb 2018

Biography

Stemmer Imaging AG provides machine vision technology for industry and science worldwide. The company offers machine vision systems, such as 2D and 3D smart vision, chemical color imaging hyperspectral, su ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/14 22:09
End of Day Share Price2019/11/14 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.