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FORTEC Elektronik

Executive Summary

FORTEC Elektronik AG provides industrial power supplies and display technologies in Germany, the United Kingdom, and internationally.


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

4.7%

FEV

5.7%

DE Electronic

3.5%

DE Market


1 Year Return

-19.1%

FEV

4.5%

DE Electronic

3.0%

DE Market

Return vs Industry: FEV underperformed the German Electronic industry which returned 1.7% over the past year.

Return vs Market: FEV underperformed the German Market which returned 0.2% over the past year.


Shareholder returns

FEVIndustryMarket
7 Day4.7%5.7%3.5%
30 Day0.6%2.0%-0.08%
90 Day14.8%22.4%21.0%
1 Year-16.2%-19.1%6.8%4.5%5.2%3.0%
3 Year4.3%-4.6%9.4%6.5%4.5%-4.0%
5 Year44.1%23.1%112.5%98.3%11.5%-3.2%

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

Valuation

Is FORTEC Elektronik undervalued compared to its fair value and its price relative to the market?

35.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: FEV (€17.8) is trading below our estimate of fair value (€27.72)

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 (11.5x) compared to the Electronic industry average (25.2x).

PE vs Market: FEV is good value based on its PE Ratio (11.5x) compared to the German market (20.9x).


Price to Earnings Growth Ratio

PEG Ratio: FEV is poor value based on its PEG Ratio (4.2x)


Price to Book Ratio

PB vs Industry: FEV is good value based on its PB Ratio (1.4x) compared to the DE Electronic industry average (1.7x).


Next Steps

Future Growth

How is FORTEC Elektronik forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

2.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FEV's forecast earnings growth (2.7% per year) is above the savings rate (0.2%).

Earnings vs Market: FEV's earnings (2.7% per year) are forecast to grow slower than the German market (22.3% per year).

High Growth Earnings: FEV's earnings are forecast to grow, but not significantly.

Revenue vs Market: FEV's revenue (2.7% per year) is forecast to grow slower than the German market (5.9% per year).

High Growth Revenue: FEV's revenue (2.7% 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?

19.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FEV has high quality earnings.

Growing Profit Margin: FEV's current net profit margins (5.9%) are lower than last year (6.1%).


Past Earnings Growth Analysis

Earnings Trend: FEV's earnings have grown by 19.6% per year over the past 5 years.

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

Earnings vs Industry: FEV had negative earnings growth (-4%) over the past year, making it difficult to compare to the Electronic industry average (-30.3%).


Return on Equity

High ROE: FEV's Return on Equity (12.2%) 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 (€43.2M) exceed its short term liabilities (€11.3M).

Long Term Liabilities: FEV's short term assets (€43.2M) exceed its long term liabilities (€9.0M).


Debt to Equity History and Analysis

Debt Level: FEV's debt to equity ratio (11.9%) is considered satisfactory.

Reducing Debt: FEV's debt to equity ratio has increased from 0.1% to 11.9% over the past 5 years.

Debt Coverage: FEV's debt is well covered by operating cash flow (59.3%).

Interest Coverage: FEV's interest payments on its debt are well covered by EBIT (50.4x coverage).


Balance Sheet


Next Steps

Dividend

What is FORTEC Elektronik current dividend yield, its reliability and sustainability?

3.87%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FEV's dividend (3.87%) is higher than the bottom 25% of dividend payers in the German market (1.26%).

High Dividend: FEV's dividend (3.87%) is in the top 25% of dividend payers in the German market (3.83%)


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 (44.4%), 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 (48.4% 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: €58.508m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FEVDB (Deutsche Boerse AG)YesOrdinary SharesDEEURAug 1992
FEVXTRA (XETRA Trading Platform)YesOrdinary SharesDEEURAug 1992
0HQQLSE (London Stock Exchange)YesOrdinary SharesGBEURAug 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/06 21:39
End of Day Share Price2020/07/06 00:00
Earnings2020/03/31
Annual Earnings2019/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.