Executive Summary
FORTEC Elektronik AG provides industrial power supplies and display technologies in Germany, the United Kingdom, and internationally.
Rewards
Risk Analysis
Snowflake Analysis
6 star dividend payer and undervalued.
Share Price & News
How has FORTEC Elektronik's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FEV's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
10.1%
FEV
1.5%
DE Electronic
-0.6%
DE Market
1 Year Return
-30.7%
FEV
-28.2%
DE Electronic
-20.9%
DE Market
Return vs Industry: FEV underperformed the German Electronic industry which returned -28.2% over the past year.
Return vs Market: FEV underperformed the German Market which returned -20.9% over the past year.
Shareholder returns
| FEV | Industry | Market | |
|---|---|---|---|
| 7 Day | 10.1% | 1.5% | -0.6% |
| 30 Day | -6.0% | -17.4% | -16.6% |
| 90 Day | -30.0% | -21.6% | -26.0% |
| 1 Year | -28.2%-30.7% | -26.8%-28.2% | -18.6%-20.9% |
| 3 Year | -14.0%-21.4% | -4.0%-7.1% | -19.0%-25.8% |
| 5 Year | 28.5%9.7% | 53.6%42.4% | -21.1%-31.8% |
Price Volatility Vs. Market
How volatile is FORTEC Elektronik's share price compared to the market and industry in the last 5 years?
Simply Wall St News
7 months ago | Simply Wall St
Should FORTEC Elektronik AG (FRA:FEV) Be Part Of Your Dividend Portfolio?7 months ago | Simply Wall St
FORTEC Elektronik (FRA:FEV) Has A Pretty Healthy Balance Sheet7 months ago | Simply Wall St
FORTEC Elektronik AG (FRA:FEV) Has A ROE Of 14%Valuation
Is FORTEC Elektronik undervalued compared to its fair value and its price relative to the market?
32.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FEV (€14.2) is trading below our estimate of fair value (€20.98)
Significantly Below Fair Value: FEV is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FEV is good value based on its PE Ratio (8.9x) compared to the Electronic industry average (18.7x).
PE vs Market: FEV is good value based on its PE Ratio (8.9x) compared to the German market (16.5x).
Price to Earnings Growth Ratio
PEG Ratio: FEV is poor value based on its PEG Ratio (26.7x)
Price to Book Ratio
PB vs Industry: FEV is good value based on its PB Ratio (1.1x) compared to the DE Electronic industry average (1.2x).
Next Steps
Future Growth
How is FORTEC Elektronik forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
0.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FEV's forecast earnings growth (0.3% per year) is above the savings rate (-0.4%).
Earnings vs Market: FEV's earnings (0.3% per year) are forecast to grow slower than the German market (14.1% per year).
High Growth Earnings: FEV's earnings are forecast to grow, but not significantly.
Revenue vs Market: FEV's revenue (1.9% per year) is forecast to grow slower than the German market (4% per year).
High Growth Revenue: FEV's revenue (1.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FEV's Return on Equity is forecast to be low in 3 years time (11.3%).
Next Steps
Past Performance
How has FORTEC Elektronik performed over the past 5 years?
21.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FEV has high quality earnings.
Growing Profit Margin: FEV's current net profit margins (6%) are higher than last year (5.8%).
Past Earnings Growth Analysis
Earnings Trend: FEV's earnings have grown significantly by 21.7% per year over the past 5 years.
Accelerating Growth: FEV's earnings growth over the past year (5.8%) is below its 5-year average (21.7% per year).
Earnings vs Industry: FEV earnings growth over the past year (5.8%) exceeded the Electronic industry -7.4%.
Return on Equity
High ROE: FEV's Return on Equity (12.3%) is considered low.
Next Steps
Financial Health
How is FORTEC Elektronik's financial position?
Financial Position Analysis
Short Term Liabilities: FEV's short term assets (€43.7M) exceed its short term liabilities (€9.7M).
Long Term Liabilities: FEV's short term assets (€43.7M) exceed its long term liabilities (€10.7M).
Debt to Equity History and Analysis
Debt Level: FEV's debt to equity ratio (12.5%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if FEV's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: FEV's debt is well covered by operating cash flow (55.7%).
Interest Coverage: FEV's interest payments on its debt are well covered by EBIT (75.2x coverage).
Balance Sheet
Inventory Level: FEV has a high level of physical assets or inventory.
Debt Coverage by Assets: FEV's debt is covered by short term assets (assets are 8.2x debt).
Next Steps
Dividend
What is FORTEC Elektronik's current dividend yield, its reliability and sustainability?
4.86%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FEV's dividend (4.86%) is higher than the bottom 25% of dividend payers in the German market (1.69%).
High Dividend: FEV's dividend (4.86%) is in the top 25% of dividend payers in the German market (4.85%)
Stability and Growth of Payments
Stable Dividend: FEV's dividends per share have been stable in the past 10 years.
Growing Dividend: FEV's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (43.4%), FEV's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FEV's dividends in 3 years are forecast to be well covered by earnings (48.3% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
CEO
Sandra Maile
no data
Tenure
Ms. Sandra Maile serves as Chief Executive Officer of Autronic GmbH, subsidiary of Fortec Elektronik AG. Ms. Maile serves as Chief Executive Officer and Spokeswoman of the Executive Board at Fortec Elektro ...
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
FORTEC Elektronik AG's company bio, employee growth, exchange listings and data sources
Key Information
- Name: FORTEC Elektronik AG
- Ticker: FEV
- Exchange: DB
- Founded: 1984
- Industry: Electronic Equipment and Instruments
- Sector: Tech
- Market Cap: €46.806m
- Shares outstanding: 3.25m
- Website: https://www.fortecag.de
Number of Employees
Location
- FORTEC Elektronik AG
- Lechwiesenstrasse 9
- Landsberg am Lech
- Bavaria
- 86899
- Germany
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FEV | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Aug 1992 |
| FEV | XTRA (XETRA Trading Platform) | Yes | Ordinary Shares | DE | EUR | Aug 1992 |
| 0HQQ | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Aug 1992 |
Biography
FORTEC Elektronik AG provides industrial power supplies and display technologies in Germany, the United Kingdom, and internationally. The company operates in two segments, Data Visualisation Systems and Power Supplies. It also offers DC/DC converters and products in the area of embedded computer technologies. The company also provides standard kits, support services, and industrial monitors. Fortec Elektronik AG was founded in 1984 and is based in Landsberg am Lech, Germany.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/06 21:29 |
| End of Day Share Price | 2020/04/06 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/06/30 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.