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Basler

DB:BSL
Snowflake Description

Flawless balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BSL
DB
€510M
Market Cap
  1. Home
  2. DE
  3. Tech
Company description

Basler Aktiengesellschaft develops, manufactures, and sells digital cameras for professional users in Europe, the United States, and Asia. The last earnings update was 29 days ago. More info.


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BSL Share Price and Events
7 Day Returns
0.5%
DB:BSL
2.8%
DE Electronic
2.4%
DE Market
1 Year Returns
-12.6%
DB:BSL
-1%
DE Electronic
-6.2%
DE Market
BSL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Basler (BSL) 0.5% 0.1% 7.6% -12.6% 215.4% 326.9%
DE Electronic 2.8% 4.1% 20.4% -1% 98.9% 101.5%
DE Market 2.4% 3% 7.4% -6.2% 9.6% 14.1%
1 Year Return vs Industry and Market
  • BSL underperformed the Electronic industry which returned -1% over the past year.
  • BSL underperformed the Market in Germany which returned -6.2% over the past year.
Price Volatility
BSL
Industry
5yr Volatility vs Market

BSL Value

 Is Basler 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 Basler 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 Basler.

DB:BSL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.6%
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 DB:BSL
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%) (5.83%))
1.074
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.07
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.074 * 5.96%)
6.63%

Discounted Cash Flow Calculation for DB:BSL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Basler 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.

DB:BSL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.63%)
2019 11.27 Analyst x3 10.57
2020 14.70 Analyst x3 12.93
2021 14.90 Analyst x2 12.29
2022 15.05 Est @ 1.01% 11.64
2023 15.17 Est @ 0.78% 11.00
2024 15.26 Est @ 0.61% 10.38
2025 15.34 Est @ 0.5% 9.79
2026 15.40 Est @ 0.42% 9.22
2027 15.46 Est @ 0.36% 8.67
2028 15.51 Est @ 0.32% 8.16
Present value of next 10 years cash flows €104.65
DB:BSL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €15.51 × (1 + 0.23%) ÷ (6.63% – 0.23%)
€242.73
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €242.73 ÷ (1 + 6.63%)10
€127.73
DB:BSL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €104.65 + €127.73
€232.38
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €232.38 / 3.34
€69.66
DB:BSL Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:BSL represents 0.99346x of XTRA:BSL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99346x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 69.66 x 0.99346
€69.20
Value per share (EUR) From above. €69.20
Current discount Discount to share price of €152.00
= -1 x (€152.00 - €69.20) / €69.20
-119.6%

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

  • The current share price of Basler 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 Basler's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Basler's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:BSL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €5.29
XTRA:BSL Share Price ** XTRA (2019-04-18) in EUR €153
Germany Electronic Industry PE Ratio Median Figure of 13 Publicly-Listed Electronic Companies 23.37x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.67x

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

** Primary Listing of Basler.

DB:BSL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 153 ÷ 5.29

28.9x

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

  • 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
Does Basler's expected growth come at a high price?
Raw Data
DB:BSL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 28.9x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
8.2%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 1.58x

*Line of best fit is calculated by linear regression .

DB:BSL PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 28.9x ÷ 8.2%

3.52x

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

  • Basler is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Basler's assets?
Raw Data
DB:BSL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €23.56
XTRA:BSL Share Price * XTRA (2019-04-18) in EUR €153
Germany Electronic Industry PB Ratio Median Figure of 19 Publicly-Listed Electronic Companies 2.57x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.85x
DB:BSL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 153 ÷ 23.56

6.49x

* Primary Listing of Basler.

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

  • Basler is overvalued based on assets compared to the DE Electronic industry average.
X
Value checks
We assess Basler'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. Basler has a total score of 0/6, 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.

BSL Future Performance

 How is Basler expected to perform in the next 1 to 3 years based on estimates from 5 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
8.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Basler expected to grow at an attractive rate?
  • Basler's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Basler's earnings growth is positive but not above the Germany market average.
  • Basler's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:BSL Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:BSL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 8.2%
DB:BSL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 10.6%
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 11.5%
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
DB:BSL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:BSL Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 252 2
2022-12-31 232 2
2021-12-31 224 31 21 5
2020-12-31 194 27 17 5
2019-12-31 171 30 12 5
DB:BSL Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 150 27 17
2018-09-30 145 23 18
2018-06-30 155 29 23
2018-03-31 159 23 24
2017-12-31 150 32 22
2017-09-30 146 32 22
2017-06-30 128 21 17
2017-03-31 111 20 12
2016-12-31 98 16 8
2016-09-30 91 17 7
2016-06-30 90 17 6
2016-03-31 85 12 6

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Basler's earnings are expected to grow by 8.2% yearly, however this is not considered high growth (20% yearly).
  • Basler's revenue is expected to grow by 10.6% 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
DB:BSL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Basler Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:BSL 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 6.45 7.16 5.66 3.00
2020-12-31 5.15 5.87 4.60 4.00
2019-12-31 3.89 4.37 3.65 4.00
DB:BSL Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 5.29
2018-09-30 5.75
2018-06-30 7.24
2018-03-31 7.48
2017-12-31 6.74
2017-09-30 6.72
2017-06-30 5.30
2017-03-31 3.72
2016-12-31 2.45
2016-09-30 2.15
2016-06-30 1.82
2016-03-31 1.73

*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.
  • Basler is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Basler'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.
Basler has a total score of 2/6, 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.

BSL Past Performance

  How has Basler 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 Basler'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.
  • Basler has delivered over 20% year on year earnings growth in the past 5 years.
  • 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.
Earnings and Revenue History
Basler'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 Basler Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:BSL Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 150.00 17.01 35.84 11.58
2018-09-30 145.48 18.46 34.45 11.65
2018-06-30 155.07 23.18 33.42 11.80
2018-03-31 158.82 23.99 33.63 11.73
2017-12-31 150.20 21.63 32.85 10.83
2017-09-30 146.41 21.57 30.76 9.72
2017-06-30 127.54 17.08 29.54 8.46
2017-03-31 111.49 12.02 28.57 8.08
2016-12-31 97.54 7.93 27.61 7.94
2016-09-30 91.37 6.96 28.09 7.04
2016-06-30 89.74 5.91 28.15 6.92
2016-03-31 85.48 5.57 27.01 6.56
2015-12-31 85.43 6.21 27.30 6.08
2015-09-30 84.80 6.81 27.41 6.09
2015-06-30 84.45 7.87 26.78 6.02
2015-03-31 84.32 9.20 26.47 5.49
2014-12-31 79.24 8.18 24.70 5.29
2014-09-30 76.69 8.91 23.28 4.88
2014-06-30 71.89 7.31 21.82 4.77
2014-03-31 67.23 5.69 21.06 4.87
2013-12-31 65.11 5.56 20.00 4.98
2013-09-30 63.14 5.40 18.70 7.80
2013-06-30 62.86 5.20 18.93 6.66
2013-03-31 58.66 4.48 17.75 5.26
2012-12-31 55.86 4.09 17.16 3.90
2012-09-30 55.52 3.79 17.88
2012-06-30 52.13 3.58 16.98

*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.
  • Basler has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Basler used its assets more efficiently than the DE Electronic industry average last year based on Return on Assets.
  • Basler has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Basler'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.
Basler 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.

BSL Health

 How is Basler'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 Basler's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • 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.
Balance sheet
This treemap shows a more detailed breakdown of Basler'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 2.5x 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 Basler Company Filings, last reported 3 months ago.

DB:BSL Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 75.53 29.76 31.83
2018-09-30 79.19 25.53 31.93
2018-06-30 73.83 25.35 38.17
2018-03-31 73.65 23.49 33.12
2017-12-31 65.63 23.98 36.33
2017-09-30 67.87 21.74 36.01
2017-06-30 60.58 22.14 21.76
2017-03-31 55.09 21.52 20.37
2016-12-31 50.02 22.12 19.62
2016-09-30 49.01 20.97 16.62
2016-06-30 46.81 21.58 14.74
2016-03-31 46.71 20.09 12.23
2015-12-31 45.17 20.68 14.28
2015-09-30 44.92 21.37 12.32
2015-06-30 42.36 22.10 9.36
2015-03-31 39.80 23.34 10.69
2014-12-31 37.31 23.38 13.06
2014-09-30 37.48 23.58 12.72
2014-06-30 35.21 23.94 11.03
2014-03-31 33.70 21.73 9.06
2013-12-31 32.46 22.16 9.88
2013-09-30 31.80 22.51 8.85
2013-06-30 30.49 23.62 6.94
2013-03-31 30.86 22.08 8.21
2012-12-31 29.59 22.78 8.29
2012-09-30 27.14 21.79 4.83
2012-06-30 26.50 22.91 3.15
  • Basler's level of debt (39.4%) 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 (68.2% vs 39.4% today).
  • Debt is well covered by operating cash flow (90.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 85.2x coverage).
X
Financial health checks
We assess Basler'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. Basler has a total score of 6/6, 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.

BSL Dividends

 What is Basler'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
1.04%
Current annual income from Basler dividends. Estimated to be 1.08% next year.
If you bought €2,000 of Basler shares you are expected to receive €21 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?
  • Basler's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • Basler's dividend is below the markets top 25% of dividend payers in Germany (3.7%).
Upcoming dividend payment

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

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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
DB:BSL 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 5 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 325 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.

DB:BSL Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 2.02 3.00
2020-12-31 1.70 4.00
2019-12-31 1.35 4.00
DB:BSL Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-21 1.590 1.073
2018-03-23 2.020 1.263
2017-03-31 0.740 0.497
2016-03-15 0.580 1.038
2015-04-09 0.700 1.456
2015-03-24 0.700 1.347
2014-03-28 0.470 1.196
2014-03-27 0.470 1.275
2013-04-02 0.300 1.264
2013-03-28 0.300 2.028
2012-03-26 0.300 2.483
2011-03-24 0.200 1.628

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

  • 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
What portion of Basler's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.2x coverage).
X
Income/ dividend checks
We assess Basler'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 Basler afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Basler has a total score of 2/6, see the detailed checks below.


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

BSL Management

 What is the CEO of Basler'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
Dietmar Ley
COMPENSATION €666,354
AGE 54
TENURE AS CEO 19.2 years
CEO Bio

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 Board of Basler AG. He served as the Chief Financial Officer of Basler AG since August 31, 2007 and also served as its Head of Product Development & Personnel. In addition to overseeing Basler AG's General and Strategic Development, he is responsible for the operative business units. In 1996, Dr. Ing. Ley became a member of Basler's executive management team since 1998. Following several positions in Research and Development at Philips GmbH, Siemens AG and Alcatel AG. Dr. Ing. Ley joined Basler AG in 1993, where he held a number of positions in technical management.

CEO Compensation
  • Dietmar's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Dietmar's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Basler management team in years:

12.3
Average Tenure
54
Average Age
  • The average tenure for the Basler management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Norbert Basler

TITLE
Founder & Chairman of the Supervisory Board
COMPENSATION
€49K
AGE
55

Dietmar Ley

TITLE
Chairman of the Management Board & CEO
COMPENSATION
€666K
AGE
54
TENURE
19.2 yrs

Hardy Mehl

TITLE
CFO, COO & Member of Management Board
COMPENSATION
€596K
AGE
42

John Jennings

TITLE
Chief Commercial Officer & Member of Management Board
COMPENSATION
€652K
AGE
54
TENURE
14.3 yrs

Arndt Bake

TITLE
Chief Marketing Officer & Member of Management Board
COMPENSATION
€470K
AGE
51
TENURE
8.3 yrs

Anke Wubbelmann

TITLE
Head of Communications
TENURE
10.3 yrs

Sabine Knuppel

TITLE
Director of Human Resources & Organization

Carsten Ohrt

TITLE
Head of Manufacturing

Anja Sievers-Sack

TITLE
Head of Vocational Education & HR Marketing

Andy Rowe

TITLE
Head of Finance - UK
Board of Directors Tenure

Average tenure and age of the Basler board of directors in years:

2
Average Tenure
55
Average Age
  • The average tenure for the Basler board of directors is less than 3 years, this suggests a new board.
Board of Directors

Norbert Basler

TITLE
Founder & Chairman of the Supervisory Board
COMPENSATION
€49K
AGE
55
TENURE
16.3 yrs

Eckart Kottkamp

TITLE
Vice Chairman of the Supervisory Board
COMPENSATION
€25K
AGE
78

Mirja Steinkamp

TITLE
Member of Supervisory Board
COMPENSATION
€18K
AGE
48
TENURE
2 yrs

Dorothea Brandes

TITLE
Employees Representative Supervisory Board
TENURE
0.9 yrs

Horst Garbrecht

TITLE
Member of Supervisory Board
COMPENSATION
€16K
TENURE
3.9 yrs

Marco Grimm

TITLE
Member of the Supervisory Board
TENURE
0.9 yrs
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 Basler'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. Basler 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.

BSL News

Simply Wall St News

BSL Company Info

Description

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 and IP, and network cameras; accessories, including lenses, I/O cables, power supplies, data cables, host adapters, hubs, and switches; and pylon camera software suite for getting Basler camera up and running. It also provides cameras, powerpacks, software, and components for embedded vision. Its products are used in factory automation, retail, traffic and transportation, and medical and life sciences applications, as well as in sports and motion, security and surveillance, logistics, and agriculture applications. Basler Aktiengesellschaft was founded in 1988 and is headquartered in Ahrensburg, Germany. Basler Aktiengesellschaft is a subsidiary of Basler Beteiligungs-GmbH & Co. KG.

Details
Name: Basler Aktiengesellschaft
BSL
Exchange: DB
Founded: 1988
€510,395,607
3,335,919
Website: http://www.baslerweb.com
Address: Basler Aktiengesellschaft
An der Strusbek 60-62,
Ahrensburg,
Schleswig-Holstein, 22926,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA BSL Bearer Shares XETRA Trading Platform DE EUR 23. Mar 1999
OTCPK BSLA.F Bearer Shares Pink Sheets LLC US USD 23. Mar 1999
DB BSL Bearer Shares Deutsche Boerse AG DE EUR 23. Mar 1999
LSE 0DUI Bearer Shares London Stock Exchange GB EUR 23. Mar 1999
SWX BSL Bearer Shares SIX Swiss Exchange CH CHF 23. Mar 1999
BATS-CHIXE BSLd Bearer Shares BATS 'Chi-X Europe' GB EUR 23. Mar 1999
Number of employees
Current staff
Staff numbers
610
Basler employees.
Industry
Electronic Equipment and Instruments
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 20:40
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/04
Last earnings filing: 2019/03/21
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.