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Vectron Systems

XTRA:V3S
Snowflake Description

High growth potential and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
V3S
XTRA
€79M
Market Cap
  1. Home
  2. DE
  3. Tech
Company description

Vectron Systems AG manufactures, sells, and installs intelligent point of sale (POS) systems and communication software for the networking of branch operations worldwide. The last earnings update was 234 days ago. More info.


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  • Vectron Systems has significant price volatility in the past 3 months.
V3S Share Price and Events
7 Day Returns
-0.5%
XTRA:V3S
1.6%
DE Electronic
1.8%
DE Market
1 Year Returns
-54.4%
XTRA:V3S
-0.2%
DE Electronic
-6%
DE Market
V3S Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Vectron Systems (V3S) -0.5% -2.1% 29.3% -54.4% 2.2% 382.2%
DE Electronic 1.6% 8.1% 19.2% -0.2% 98.5% 105%
DE Market 1.8% 6% 7.8% -6% 10.1% 15.3%
1 Year Return vs Industry and Market
  • V3S underperformed the Electronic industry which returned -0.2% over the past year.
  • V3S underperformed the Market in Germany which returned -6% over the past year.
Price Volatility
V3S
Industry
5yr Volatility vs Market

V3S Value

 Is Vectron Systems 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 Vectron Systems 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 Vectron Systems.

XTRA:V3S Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7%
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:V3S
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.067 (1 + (1- 30%) (16.71%))
1.129
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.13
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.129 * 5.96%)
6.96%

Discounted Cash Flow Calculation for XTRA:V3S using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Vectron Systems 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:V3S DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.96%)
2019 0.07 Analyst x3 0.06
2020 2.50 Analyst x3 2.19
2021 4.63 Est @ 85.39% 3.79
2022 7.41 Est @ 59.84% 5.66
2023 10.52 Est @ 41.95% 7.51
2024 13.61 Est @ 29.44% 9.09
2025 16.43 Est @ 20.67% 10.26
2026 18.81 Est @ 14.54% 10.99
2027 20.74 Est @ 10.25% 11.32
2028 22.24 Est @ 7.24% 11.35
Present value of next 10 years cash flows €72.22
XTRA:V3S DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €22.24 × (1 + 0.23%) ÷ (6.96% – 0.23%)
€331.36
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €331.36 ÷ (1 + 6.96%)10
€169.14
XTRA:V3S Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €72.22 + €169.14
€241.37
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €241.37 / 7.27
€33.2
XTRA:V3S Discount to Share Price
Calculation Result
Value per share (EUR) From above. €33.20
Current discount Discount to share price of €10.85
= -1 x (€10.85 - €33.20) / €33.20
67.3%

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

Current Discount
Amount off the current price Vectron Systems is available for.
Intrinsic value
>50%
Share price is €10.85 vs Future cash flow value of €33.2
Current Discount Checks
For Vectron Systems to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Vectron Systems's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Vectron Systems's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Vectron Systems's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Vectron Systems's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
XTRA:V3S PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in EUR €-0.24
XTRA:V3S Share Price ** XTRA (2019-04-18) in EUR €10.85
Germany Electronic Industry PE Ratio Median Figure of 13 Publicly-Listed Electronic Companies 23.37x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.59x

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

** Primary Listing of Vectron Systems.

XTRA:V3S PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= XTRA:V3S Share Price ÷ EPS (both in EUR)

= 10.85 ÷ -0.24

-45.43x

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

  • Vectron Systems is loss making, we can't compare its value to the DE Electronic industry average.
  • Vectron Systems is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Vectron Systems's expected growth come at a high price?
Raw Data
XTRA:V3S PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -45.43x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
122.5%per year
Germany Electronic Industry PEG Ratio Median Figure of 12 Publicly-Listed Electronic Companies 2.1x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Vectron Systems, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Vectron Systems's assets?
Raw Data
XTRA:V3S PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in EUR €2.00
XTRA:V3S Share Price * XTRA (2019-04-18) in EUR €10.85
Germany Electronic Industry PB Ratio Median Figure of 19 Publicly-Listed Electronic Companies 2.57x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.84x
XTRA:V3S PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= XTRA:V3S Share Price ÷ Book Value per Share (both in EUR)

= 10.85 ÷ 2.00

5.41x

* Primary Listing of Vectron Systems.

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

  • Vectron Systems is overvalued based on assets compared to the DE Electronic industry average.
X
Value checks
We assess Vectron Systems'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 Electronic 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 Electronic industry average (and greater than 0)? (1 check)
  5. Vectron Systems 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.

V3S Future Performance

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

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
122.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Vectron Systems expected to grow at an attractive rate?
  • Vectron Systems's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Vectron Systems's earnings growth is expected to exceed the Germany market average.
  • Vectron Systems's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
XTRA:V3S Future Growth Rates Data Sources
Data Point Source Value (per year)
XTRA:V3S Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 122.5%
XTRA:V3S Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 9.2%
Germany Electronic Industry Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Electronic Industry Revenue Growth Rate Market Cap Weighted Average 7.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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:V3S Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
XTRA:V3S Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 45 2
2022-12-31 41 2
2021-12-31 56 2
2020-12-31 56 4 6 3
2019-12-31 39 1 2 3
2018-12-31 25 0 -4 3
XTRA:V3S Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-06-30 27 -4 -2
2018-03-31 30 -3 0
2017-12-31 33 -1 1
2017-09-30 36 2 2
2017-06-30 38 6 3
2017-03-31 36 3 3
2016-12-31 34 1 2
2016-09-30 32 0 2
2016-06-30 30 -2 1
2016-03-31 29 0 1
2015-12-31 27 2 1
2015-09-30 25 1 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Vectron Systems's earnings are expected to grow significantly at over 20% yearly.
  • Vectron Systems's revenue is expected to grow by 9.2% 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:V3S Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Vectron Systems Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XTRA:V3S Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31 0.90 0.96 0.79 3.00
2019-12-31 0.34 0.50 0.26 3.00
2018-12-31 -0.53 -0.36 -0.69 3.00
XTRA:V3S Past Financials Data
Date (Data in EUR Millions) EPS *
2018-06-30 -0.24
2018-03-31 -0.04
2017-12-31 0.16
2017-09-30 0.33
2017-06-30 0.50
2017-03-31 0.40
2016-12-31 0.30
2016-09-30 0.25
2016-06-30 0.21
2016-03-31 0.19
2015-12-31 0.20
2015-09-30 0.16

*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.
  • Vectron Systems is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Vectron Systems'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.
Vectron Systems has a total score of 5/6, 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.

V3S Past Performance

  How has Vectron Systems performed over the past 5 years?

  • Vectron Systems's last earnings update was 234 days ago.
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 Vectron Systems's growth in the last year to its industry (Electronic).
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.
  • Vectron Systems does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Vectron Systems's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Vectron Systems's 1-year growth to the DE Electronic industry average as it is not currently profitable.
Earnings and Revenue History
Vectron Systems'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 Vectron Systems Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XTRA:V3S Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 27.33 -1.58 11.55
2018-03-31 30.10 -0.25 11.51
2017-12-31 32.87 1.08 11.48
2017-09-30 35.58 2.18 11.39
2017-06-30 38.28 3.28 11.30
2017-03-31 36.22 2.62 10.72
2016-12-31 34.16 1.96 10.14
2016-09-30 32.21 1.67 9.51
2016-06-30 30.27 1.37 8.87
2016-03-31 28.60 1.28 8.64
2015-12-31 26.93 1.18 8.41
2015-09-30 25.22 0.97 8.09
2015-06-30 23.51 0.76 7.76
2015-03-31 23.41 0.76 7.74
2014-12-31 23.30 0.76 7.72
2014-09-30 23.28 0.80 7.59
2014-06-30 23.26 0.84 7.46
2014-03-31 23.06 0.79 7.38
2013-12-31 22.87 0.74 7.29
2013-09-30 22.43 0.66 7.09
2013-06-30 21.99 0.59 6.88
2013-03-31 22.33 0.67 6.83
2012-12-31 22.67 0.75 6.79
2012-09-30 22.84 0.75 6.58
2012-06-30 23.00 0.74 6.37

*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.
  • It is difficult to establish if Vectron Systems has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Vectron Systems has efficiently used its assets last year compared to the DE Electronic industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Vectron Systems improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Vectron Systems'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 Electronic 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.
Vectron Systems has a total score of 0/6, 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.

V3S Health

 How is Vectron Systems'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 Vectron Systems's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Vectron Systems is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Vectron Systems's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Vectron Systems'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.9x 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 Vectron Systems Company Filings, last reported 9 months ago.

XTRA:V3S Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 13.25 13.18 13.19
2018-03-31 13.25 13.18 13.19
2017-12-31 14.34 3.82 5.55
2017-09-30 14.34 3.82 5.55
2017-06-30 15.12 4.03 9.00
2017-03-31 15.12 4.03 9.00
2016-12-31 14.87 4.45 11.66
2016-09-30 14.87 4.45 11.66
2016-06-30 13.49 4.87 9.98
2016-03-31 13.49 4.87 9.98
2015-12-31 7.72 5.29 9.46
2015-09-30 7.72 5.29 9.46
2015-06-30 9.57 5.50 7.71
2015-03-31 9.57 5.50 7.71
2014-12-31 9.75 1.50 5.11
2014-09-30 9.75 1.50 5.11
2014-06-30 9.51 1.50 4.19
2014-03-31 9.51 1.50 4.19
2013-12-31 9.68 1.50 4.13
2013-09-30 9.68 1.50 4.13
2013-06-30 9.70 2.00 4.07
2013-03-31 9.70 2.00 4.07
2012-12-31 10.03 2.00 4.70
2012-09-30 10.03 2.00 4.70
2012-06-30 9.92 2.00 4.46
  • Vectron Systems's level of debt (99.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (20.6% vs 99.5% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on Vectron Systems's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Vectron Systems'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. Vectron Systems has a total score of 2/6, 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.

V3S Dividends

 What is Vectron Systems'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
0%
Current annual income from Vectron Systems dividends. Estimated to be 1.15% next year.
If you bought €2,000 of Vectron Systems shares you are expected to receive €0 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?
  • Unable to evaluate Vectron Systems's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Vectron Systems's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:V3S 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 3 Analyst Estimates (S&P Global) See Below
Germany Electronic Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 1.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

XTRA:V3S Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31 0.17 3.00
2019-12-31 0.08 3.00
2018-12-31 0.04 3.00
XTRA:V3S Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2013-03-28 0.075 3.448
2012-03-30 0.075 2.630
2011-03-31 0.075 2.532
2010-07-30 0.000 0.000
2010-03-01 0.000 0.000
2009-04-23 0.350 10.884

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

  • Unable to perform a dividend volatility check as Vectron Systems has not reported any payouts.
  • Unable to verify if Vectron Systems's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Vectron Systems's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Vectron Systems has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (5x coverage).
X
Income/ dividend checks
We assess Vectron Systems'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 Vectron Systems afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Vectron Systems has a total score of 1/6, see the detailed checks below.


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

V3S Management

 What is the CEO of Vectron Systems'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
Oliver Kaltner
AGE 49
TENURE AS CEO 1.2 years
CEO Bio

Mr. Oliver Kaltner serves as Chief Executive Officer of Vectron Systems AG from February 01, 2018 and serves as its Member of Management Board. Mr. Kaltner served as Chief Marketing and Sales Officer of Premiere AG until October 8, 2008. Mr. Kaltner has many years of experience in the consumer electronics and IT industries as well as extensive expertise in the areas of product management, retail, sales, digital transformation and brand management. Most recently, he served as CEO of Leica Camera AG, helping the traditional premium brand for camera and sports optics products to achieve sustained international growth, sales and profit records. Previously, He was General Manager and Member of the Management Board at Microsoft Deutschland GmbH, where he was responsible for the consumer business and forced the transformation into a Devices & Services organization. Further stages in his career have included executive and managerial positions at Sky AG, Sony Deutschland GmbH, Electronic Arts GmbH and Nike GmbH.

CEO Compensation
  • Insufficient data for Oliver to compare compensation growth.
  • Insufficient data for Oliver to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team

Jens Reckendorf

TITLE
CTO, Founder & Member of Management Board

Thomas Stümmler

TITLE
Founder & Member of Management Board

Oliver Kaltner

TITLE
CEO & Member of Management Board
AGE
49
TENURE
1.2 yrs

Silvia Ostermann

TITLE
Chief Operating Officer
AGE
52
TENURE
1 yrs

Jochen Fischer

TITLE
Director of Marketing & Communications and Investor Relations Manager
Board of Directors

Christian Ehlers

TITLE
Chairman of Supvervisory Board
COMPENSATION
€15K

Maurice Oosenbrugh

TITLE
Vice-Chairman of the Supervisory Board
COMPENSATION
€10K

Heinz-Jürgen Buss

TITLE
Member of Supervisory Board
COMPENSATION
€10K
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Vectron Systems'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. Vectron Systems 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.

V3S News

Simply Wall St News

What Kind Of Shareholder Appears On The Vectron Systems AG's (ETR:V3S) Shareholder Register?

Every investor in Vectron Systems AG (ETR:V3S) should be aware of the most powerful shareholder groups. … Vectron Systems is not a large company by global standards. … It has a market capitalization of €64m, which means it wouldn't have the attention of many institutional investors.

Simply Wall St -

What Investors Should Know About Vectron Systems AG's (ETR:V3S) Financial Strength

Vectron Systems AG (ETR:V3S) is a small-cap stock with a market capitalization of €112m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … So, understanding the company's financial health becomes

Simply Wall St -

What Do You Get For Owning Vectron Systems AG (ETR:V3S)?

and looking to gauge the potential return on investment in Vectron Systems AG (ETR:V3S). … You need to pay attention to this because your return on investment is linked to dividends and internal investments to improve the business, which can only occur if the company is expected to produce adequate earnings with the capital that has been provided. … Therefore, looking at how efficiently Vectron Systems is able to use capital to create earnings will help us understand your potential return.

Simply Wall St -

Should You Be Concerned About Vectron Systems AG's (ETR:V3S) Investors?

In this analysis, my focus will be on developing a perspective on Vectron Systems AG’s (ETR:V3S) latest ownership structure, a less discussed, but important factor. … Ownership structure of a company has been found to affect share performance over time. … View our latest analysis for Vectron Systems

Simply Wall St -

Have Investors Priced In Vectron Systems AG's (ETR:V3S) Growth?

Looking at Vectron Systems AG’s (ETR:V3S) fundamentals some investors are wondering if its last closing price of €24.25 represents a good value for money for this high growth stock. … Check out our latest analysis for Vectron Systems? … The excitement around Vectron Systems's growth potential is not unfounded

Simply Wall St -

With An ROE Of 7.50%, Can Vectron Systems AG (XTRA:V3S) Catch Up To The Industry?

and looking to gauge the potential return on investment in Vectron Systems AG (XTRA:V3S). … Vectron Systems AG (XTRA:V3S) generated a below-average return on equity of 7.50% in the past 12 months, while its industry returned 11.79%. … Return on Equity (ROE) weighs Vectron Systems’s profit against the level of its shareholders’ equity.

Simply Wall St -

What You Must Know About Vectron Systems AG's (ETR:V3S) 7.50% ROE

Vectron Systems AG (XTRA:V3S) generated a below-average return on equity of 7.50% in the past 12 months, while its industry returned 11.82%. … See our latest analysis for Vectron Systems Breaking down Return on Equity Return on Equity (ROE) is a measure of Vectron Systems’s profit relative to its shareholders’ equity. … For now, let’s just look at the cost of equity number for Vectron Systems, which is 4.52%.

Simply Wall St -

Does Vectron Systems AG's (ETR:V3S) PE Ratio Warrant A Sell?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for V3S Price per share = €26.15 Earnings per share = €0.497 ∴ Price-Earnings Ratio = €26.15 ÷ €0.497 = 52.6x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … For example, if you accidentally compared lower growth firms with V3S, then V3S’s P/E would naturally be higher since investors would reward V3S’s higher growth with a higher price. … Alternatively, if you inadvertently compared riskier firms with V3S, V3S’s P/E would again be higher since investors would reward V3S’s lower risk with a higher price as well.

Simply Wall St -

Vectron Systems AG (ETR:V3S): Strong Health, Poor Growth

Vectron Systems AG (XTRA:V3S) is a company I've been following for a while, and the biggest I see is around the sustainability of the business going forward. … With top line and bottom line expected to decline over the next couple of years, there is high uncertainty around the sustainability of its current operations. … Furthermore, comparing V3S's current share price to its peers based on its industry and earnings level, it's overvalued by 165.11%, with a PE ratio of 55.75x vs.

Simply Wall St -

Was Vectron Systems AG's (ETR:V3S) Earnings Growth Better Than The Industry's?

Measuring Vectron Systems AG's (XTRA:V3S) track record of past performance is a valuable exercise for investors. … Check out our latest analysis for Vectron Systems How Well Did V3S Perform? … In the past few years, Vectron Systems grew its bottom line faster than revenue by successfully controlling its costs.

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V3S Company Info

Description

Vectron Systems AG manufactures, sells, and installs intelligent point of sale (POS) systems and communication software for the networking of branch operations worldwide. It offers stationary and mobile POS systems; POS software; Commander, a communication software; peripherals, such as customer displays and transponders; trade solutions for hospitality, gastronomy, hotels, bakeries, and cafés; and bonVito, an online marketing instrument with various functions in the areas of customer retention. The company sells its products primarily through a network of dealers and sales team. Vectron Systems AG was founded in 1990 and is headquartered in Münster, Germany.

Details
Name: Vectron Systems AG
V3S
Exchange: XTRA
Founded: 1990
€78,879,500
7,270,000
Website: http://www.vectron-systems.com/de
Address: Vectron Systems AG
Willy-Brandt-Weg 41,
Münster,
North Rhine-Westphalia, 48155,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA V3S Bearer Shares XETRA Trading Platform DE EUR 23. Mar 2007
DB V3S Bearer Shares Deutsche Boerse AG DE EUR 23. Mar 2007
LSE 0W1I Bearer Shares London Stock Exchange GB EUR 23. Mar 2007
Number of employees
Current staff
Staff numbers
179
Vectron Systems employees.
Industry
Electronic Equipment and Instruments
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/22 21:13
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/05
Last earnings filing: 2018/08/31
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


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.