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exceet Group

DB:EXC
Snowflake Description

Excellent balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EXC
DB
€119M
Market Cap
  1. Home
  2. DE
  3. Tech
Company description

exceet Group SE, through its subsidiaries, engages in the electronic and secure connectivity activities in Germany, Switzerland, Europe, North America, South America, Asia, the Middle East, Australia, and Africa. The last earnings update was 54 days ago. More info.


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EXC Share Price and Events
7 Day Returns
-0.8%
DB:EXC
1.3%
DE Electronic
1%
DE Market
1 Year Returns
40.3%
DB:EXC
-2%
DE Electronic
-5.6%
DE Market
EXC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
exceet Group (EXC) -0.8% 3.5% 0.8% 40.3% 88.9% 2.5%
DE Electronic 1.3% 8.7% 21% -2% 99.1% 103.6%
DE Market 1% 6.1% 8.4% -5.6% 10.9% 13.8%
1 Year Return vs Industry and Market
  • EXC outperformed the Electronic industry which returned -2% over the past year.
  • EXC outperformed the Market in Germany which returned -5.6% over the past year.
Price Volatility
EXC
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for exceet Group's competitors could be found in our database.

EXC Value

 Is exceet Group 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 exceet Group 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 exceet Group.

DB:EXC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 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:EXC
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))
= 1.068 (1 + (1- 26.01%) (3.17%))
1.063
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.06
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.063 * 5.96%)
6.56%

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

The calculations below outline how an intrinsic value for exceet Group 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:EXC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.56%)
2019 -1.00 Analyst x1 -0.94
2020 1.90 Analyst x1 1.67
2021 2.10 Analyst x1 1.74
2022 2.25 Est @ 7.07% 1.74
2023 2.36 Est @ 5.02% 1.72
2024 2.45 Est @ 3.58% 1.67
2025 2.51 Est @ 2.58% 1.61
2026 2.56 Est @ 1.87% 1.54
2027 2.59 Est @ 1.38% 1.46
2028 2.62 Est @ 1.03% 1.39
Present value of next 10 years cash flows €13.60
DB:EXC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €2.62 × (1 + 0.23%) ÷ (6.56% – 0.23%)
€41.43
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €41.43 ÷ (1 + 6.56%)10
€21.94
DB:EXC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €13.60 + €21.94
€35.54
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €35.54 / 20.07
€1.77
DB:EXC Discount to Share Price
Calculation Result
Value per share (EUR) From above. €1.77
Current discount Discount to share price of €5.95
= -1 x (€5.95 - €1.77) / €1.77
-236%

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

  • The current share price of exceet Group 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 exceet Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are exceet Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:EXC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €-0.03
DB:EXC Share Price ** DB (2019-04-24) in EUR €5.95
Germany Electronic Industry PE Ratio Median Figure of 13 Publicly-Listed Electronic Companies 23.43x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.72x

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

** Primary Listing of exceet Group.

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

= DB:EXC Share Price ÷ EPS (both in EUR)

= 5.95 ÷ -0.03

-223.26x

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

  • exceet Group is loss making, we can't compare its value to the DE Electronic industry average.
  • exceet Group is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does exceet Group's expected growth come at a high price?
Raw Data
DB:EXC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -223.26x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
50.9%per year
Germany Electronic Industry PEG Ratio Median Figure of 12 Publicly-Listed Electronic Companies 2.13x
Germany Market PEG Ratio Median Figure of 269 Publicly-Listed Companies 1.58x

*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 exceet Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on exceet Group's assets?
Raw Data
DB:EXC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €6.55
DB:EXC Share Price * DB (2019-04-24) in EUR €5.95
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 1.87x
DB:EXC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= DB:EXC Share Price ÷ Book Value per Share (both in EUR)

= 5.95 ÷ 6.55

0.91x

* Primary Listing of exceet Group.

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

  • exceet Group is good value based on assets compared to the DE Electronic industry average.
X
Value checks
We assess exceet Group'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. exceet Group has a total score of 1/6, 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.

EXC Future Performance

 How is exceet Group expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
50.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is exceet Group expected to grow at an attractive rate?
  • exceet Group's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • exceet Group's earnings growth is expected to exceed the Germany market average.
  • Unable to compare exceet Group's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:EXC Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:EXC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 50.9%
Germany Electronic Industry Earnings Growth Rate Market Cap Weighted Average 13%
Germany Electronic Industry Revenue Growth Rate Market Cap Weighted Average 7.9%
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
DB:EXC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:EXC Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 5 2
2020-12-31 5 2
2019-12-31 4 2
DB:EXC Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 42 2 -1
2018-09-30 143 7 -11
2018-06-30 143 9 -10
2018-03-31 143 10 -11
2017-12-31 42 8 0
2017-09-30 67 1 -4
2017-06-30 91 0 -6
2017-03-31 127 -5 -6
2016-12-31 135 -2 -7
2016-09-30 134 7 -3
2016-06-30 133 9 2
2016-03-31 132 11 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • exceet Group's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if exceet Group is high growth as no revenue estimate data is available.
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:EXC 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 1 Analyst Estimates (S&P Global) See Below

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

DB:EXC Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.11 0.11 0.11 1.00
2020-12-31 0.10 0.10 0.10 1.00
2019-12-31 0.09 0.09 0.09 1.00
DB:EXC Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 -0.03
2018-09-30 -0.55
2018-06-30 -0.50
2018-03-31 -0.51
2017-12-31 -0.02
2017-09-30 -0.18
2017-06-30 -0.49
2017-03-31 -0.35
2016-12-31 -0.35
2016-09-30 -0.11
2016-06-30 0.06
2016-03-31 0.06

*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.
  • exceet Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess exceet Group'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.
exceet Group has a total score of 3/6, 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.

EXC Past Performance

  How has exceet Group 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 exceet Group'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.
  • exceet Group does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare exceet Group's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare exceet Group's 1-year growth to the DE Electronic industry average as it is not currently profitable.
Earnings and Revenue History
exceet Group'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 exceet Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:EXC 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 41.54 -0.54 7.89
2018-09-30 143.11 -11.06 16.37
2018-06-30 143.00 -10.26 16.46
2018-03-31 142.96 -10.79 16.82
2017-12-31 42.40 -0.40 8.51
2017-09-30 66.89 -3.68 10.81
2017-06-30 91.27 -6.25 12.83
2017-03-31 126.63 -5.77 16.40
2016-12-31 135.32 -7.12 18.45
2016-09-30 134.00 -2.56 17.92
2016-06-30 132.74 2.17 18.67
2016-03-31 132.30 2.12 18.68
2015-12-31 136.40 -1.36 19.41
2015-09-30 147.46 -1.38 21.56
2015-06-30 161.49 -1.69 22.74
2015-03-31 172.51 0.10 24.45
2014-12-31 185.31 4.40 25.70
2014-09-30 189.07 3.49 25.59
2014-06-30 192.84 3.76 26.12
2014-03-31 196.07 4.70 26.15
2013-12-31 190.77 7.54 25.80
2013-09-30 192.27 10.93 24.94
2013-06-30 189.01 11.83 25.71
2013-03-31 185.81 9.00 25.23
2012-12-31 188.75 3.09 25.56
2012-09-30 179.80 0.84 27.47
2012-06-30 183.02 5.82 26.29

*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 exceet Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if exceet Group 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 exceet Group 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 exceet Group'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.
exceet Group 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.

EXC Health

 How is exceet Group'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 exceet Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • exceet Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • exceet Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of exceet Group'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 32.6x 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 exceet Group Company Filings, last reported 3 months ago.

DB:EXC Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 131.48 3.79 113.27
2018-09-30 76.36 22.92 47.64
2018-06-30 77.98 25.67 25.70
2018-03-31 75.05 27.76 26.98
2017-12-31 74.37 28.22 29.11
2017-09-30 74.94 29.13 25.12
2017-06-30 73.73 30.61 23.78
2017-03-31 84.80 32.03 23.02
2016-12-31 84.14 36.29 31.00
2016-09-30 85.84 39.26 34.40
2016-06-30 92.46 38.82 23.87
2016-03-31 103.05 39.03 28.35
2015-12-31 105.49 41.32 33.33
2015-09-30 102.05 42.27 27.70
2015-06-30 102.58 43.73 26.71
2015-03-31 104.66 43.51 28.02
2014-12-31 101.02 40.44 31.05
2014-09-30 101.53 38.54 26.53
2014-06-30 99.40 44.97 29.68
2014-03-31 99.44 46.13 34.45
2013-12-31 98.74 44.83 31.32
2013-09-30 98.30 45.17 26.07
2013-06-30 94.09 43.09 18.76
2013-03-31 92.62 43.29 19.52
2012-12-31 90.34 44.63 24.65
2012-09-30 85.66 43.04 20.21
2012-06-30 82.51 37.90 20.61
  • exceet Group's level of debt (2.9%) 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 (45.4% vs 2.9% today).
  • Debt is well covered by operating cash flow (60.1%, greater than 20% of total debt).
  • exceet Group is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess exceet Group'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. exceet Group has a total score of 5/6, 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.

EXC Dividends

 What is exceet Group'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 exceet Group dividends.
If you bought €2,000 of exceet Group 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 exceet Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate exceet Group'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
DB:EXC 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 1 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.

DB:EXC Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31

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

  • Unable to perform a dividend volatility check as exceet Group has not reported any payouts.
  • Unable to verify if exceet Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of exceet Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as exceet Group has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess exceet Group'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 exceet Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. exceet Group has a total score of 0/6, see the detailed checks below.


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

EXC Management

 What is the CEO of exceet Group'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
Wolf-Günter Freese
AGE 55
TENURE AS CEO 3.1 years
CEO Bio

Mr. Wolf-Günter Freese has been Chief Executive Officer of exceet Group SE since March 31, 2017 and has been its Chief Financial Officer since October 1, 2013. Mr. Freese has been Member of Management Board at exceet Group SE since October 1, 2013 and served as its Acting Chief Executive Officer since March 02, 2016 until March 31, 2017. He served as the Chief Financial Officer and Member of Management Board of Quadrant AG. He served as Group Management Charles Vögele Group, Auditing in Curator Revision and Controlling in Mövenpick Group. He has significant value-added competences with his experiences in the financial, organisational, tax and corporate law aspects of business management. He served as Chief Financial Officer of the Swiss-based Maag Group. He holds Eidg. Dipl. Betriebsökonom HWV, Eidg. Dipl. Wirtschaftsprüfer. Mr. Freese holds a Bachelor in Business Administration and is a Swiss certified accountant.

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

Wolf-Günter Freese

TITLE
CEO, CFO
AGE
55
TENURE
3.1 yrs

Fabian Rau

TITLE
Vice President of Marketing
Board of Directors Tenure

Average tenure of the exceet Group board of directors in years:

1.3
Average Tenure
  • The average tenure for the exceet Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Klaus Röhrig

TITLE
Chairman of the Board
TENURE
1.3 yrs

Wolf-Günter Freese

TITLE
CEO, CFO
AGE
55

Roland Lienau

TITLE
Director
AGE
56

Jan Klopp

TITLE
Director
TENURE
1.3 yrs

Florian Schuhbauer

TITLE
Director
TENURE
1.3 yrs

Andreas Füchsel

TITLE
Representative Director
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 exceet Group'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. exceet Group 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.

EXC News

Simply Wall St News

exceet Group SE (FRA:EXC): How Does It Impact Your Portfolio?

If you are looking to invest in exceet Group SE’s (FRA:EXC), or currently own the stock, then you need to understand its beta in order to understand how it can affect the risk of your portfolio. … The second risk is market-wide, which arises from investing in the stock market. … A widely-used metric to measure a stock's market risk is beta, and the broad market index represents a beta value of one.

Simply Wall St -

Is exceet Group SE (FRA:EXC) Undervalued?

exceet Group SE (DB:EXC), a electronic company based in Luxembourg, saw a decent share price growth in the teens level on the DB over the last few months. … Since exceet Group’s share price is quite volatile, this could mean it can sink lower (or rise even further) in the future, giving us another chance to invest. … If you are no longer interested in exceet Group, you can use our free platform to see my list of over 50 other stocks with a high growth potential.

Simply Wall St -

Intrinsic Calculation For exceet Group SE (FRA:EXC) Shows Investors Are Overpaying

5-year cash flow estimate 2018 2019 2020 2021 2022 Levered FCF (€, Millions) €3.85 €5.11 €8.40 €7.64 €6.96 Source Analyst x1 Analyst x1 Analyst x1 Extrapolated @ (-9%) Extrapolated @ (-9%) Present Value Discounted @ 10.54% €3.49 €4.18 €6.22 €5.12 €4.22 Present Value of 5-year Cash Flow (PVCF)= €23 We now need to calculate the Terminal Value, which accounts for all the future cash flows after the five years. … Terminal Value (TV) = FCF2022 × (1 + g) ÷ (r – g) = €7 × (1 + 0.7%) ÷ (10.5% – 0.7%) = €71 Present Value of Terminal Value (PVTV) = TV / (1 + r)5 = €71 / ( 1 + 10.5%)5 = €43 The total value, or equity value, is then the sum of the present value of the cash flows, which in this case is €66. … DB:EXC Intrinsic Value May 23rd 18 The assumptions I'd like to point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows.

Simply Wall St -

When Will exceet Group SE (FRA:EXC) Breakeven?

exceet Group SE's (DB:EXC): exceet Group SE, a technology company, provides embedded electronics and security solutions worldwide. … Many investors are wondering the rate at which EXC will turn a profit, with the big question being “when will the company breakeven?” I’ve put together a brief outline of industry analyst expectations for EXC, its year of breakeven and its implied growth rate. … DB:EXC Past Future Earnings May 15th 18 I’m not going to go through company-specific developments for EXC given that this is a high-level summary, though, keep in mind that generally a high forecast growth rate is not unusual for a company that is currently undergoing an investment period.

Simply Wall St -

exceet Group SE (FRA:EXC): Does The Earnings Decline Make It An Underperformer?

After reading exceet Group SE's (DB:EXC) latest earnings update (31 December 2017), I found it beneficial to look back at how the company has performed in the past and compare this against the most recent numbers. … To account for any quarterly or half-yearly updates, I use data from the most recent 12 months, which either annualizes the most recent 6-month earnings update, or in some cases, the most recent annual report is already the latest available financial data. … For exceet Group, its most recent earnings (trailing twelve month) is -€11.01M, which compared to last year’s level, has become more negative.

Simply Wall St -

exceet Group SE (FRA:EXC): Time For A Financial Health Check

Moreover, EXC has generated cash from operations of €8.29M in the last twelve months, resulting in an operating cash to total debt ratio of 29.38%, indicating that EXC’s operating cash is sufficient to cover its debt. … Looking at EXC’s most recent €38.56M liabilities, the company has been able to meet these commitments with a current assets level of €78.85M, leading to a 2.04x current account ratio. … Investors' risk associated with debt is very low with EXC, and the company has plenty of headroom and ability to raise debt should it need to in the future.Next Steps: EXC’s debt level is appropriate for a company its size, and it is also able to generate sufficient cash flow coverage, meaning it has been able to put its debt in good use.

Simply Wall St -

EXC Company Info

Description

exceet Group SE, through its subsidiaries, engages in the electronic and secure connectivity activities in Germany, Switzerland, Europe, North America, South America, Asia, the Middle East, Australia, and Africa. The company operates through two segments, Healthcare, and Software and IoT. The Healthcare segment focuses on development and production of miniature printed circuit boards for healthcare and medtech devices, such as hearing aids, cochlear implants, and other medtech implants. The Software and IoT segment focuses on securing connectivity in data critical IT environments, such as eHealth architectures and industrial Internet of Things solutions. It offers exceet connect, a product that enables secure communication between users and devices that guarantees against protection and manipulation of data, as well as provides eHealth, eSignature, and hardware security module related solutions. The company was formerly known as Helikos SE and changed its name to exceet Group SE in July 2011. exceet Group SE was incorporated in 2009 and is based in Grevenmacher, Luxembourg.

Details
Name: exceet Group SE
EXC
Exchange: DB
Founded: 2009
€119,438,485
20,073,695
Website: http://www.exceet.com
Address: exceet Group SE
17, rue de Flaxweiler,
Grevenmacher,
6776,
Luxembourg
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
DB EXC Class A Shares Deutsche Boerse AG DE EUR 04. Feb 2010
XTRA EXC Class A Shares XETRA Trading Platform DE EUR 04. Feb 2010
LSE 0MAU Class A Shares London Stock Exchange GB EUR 04. Feb 2010
Number of employees
Current staff
Staff numbers
206
exceet Group employees.
Industry
Electronic Components
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/24 21:49
End of day share price update: 2019/04/24 00:00
Last estimates confirmation: 2019/03/06
Last earnings filing: 2019/03/01
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.