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RTX

DB:RTE
Snowflake Description

Flawless balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RTE
DB
DKK1B
Market Cap
  1. Home
  2. DE
  3. Tech
Company description

RTX A/S designs and develops advanced wireless short range radio systems and products in Denmark and internationally. The last earnings update was 88 days ago. More info.


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RTE Share Price and Events
7 Day Returns
-2.1%
DB:RTE
-8.4%
DE Communications
1.8%
DE Market
1 Year Returns
-0.9%
DB:RTE
17.9%
DE Communications
-6%
DE Market
RTE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
RTX (RTE) -2.1% -2.3% -8.7% -0.9% 80.1% 243.8%
DE Communications -8.4% -3.9% 21.8% 17.9% 0.2% 53.1%
DE Market 1.8% 6% 7.8% -6% 10.1% 15.3%
1 Year Return vs Industry and Market
  • RTE underperformed the Communications industry which returned 17.9% over the past year.
  • RTE outperformed the Market in Germany which returned -6% over the past year.
Price Volatility
RTE
Industry
5yr Volatility vs Market
Related Companies

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

Value

 Is RTX 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 RTX 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 RTX.

DB:RTE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 6.5%
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:RTE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Communications Unlevered Beta Simply Wall St/ S&P Global 1.09
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.09 (1 + (1- 22%) (0%))
1.06
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% + (1.06 * 5.96%)
6.55%

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

The calculations below outline how an intrinsic value for RTX 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:RTE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (DKK, Millions) Source Present Value
Discounted (@ 6.55%)
2019 65.53 Est @ 6.26% 61.51
2020 68.45 Est @ 4.45% 60.30
2021 70.63 Est @ 3.19% 58.40
2022 72.26 Est @ 2.3% 56.07
2023 73.47 Est @ 1.68% 53.50
2024 74.38 Est @ 1.24% 50.84
2025 75.08 Est @ 0.94% 48.16
2026 75.63 Est @ 0.73% 45.53
2027 76.06 Est @ 0.58% 42.98
2028 76.42 Est @ 0.47% 40.53
Present value of next 10 years cash flows DKK517.80
DB:RTE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= DKK76.42 × (1 + 0.23%) ÷ (6.55% – 0.23%)
DKK1,211.87
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= DKK1,211.87 ÷ (1 + 6.55%)10
DKK642.68
DB:RTE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= DKK517.80 + DKK642.68
DKK1,160.48
Equity Value per Share
(DKK)
= Total value / Shares Outstanding
= DKK1,160.48 / 8.54
DKK135.82
DB:RTE Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:RTE represents 0.13011x of CPSE:RTX
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.13011x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (DKK) x Listing Adjustment Factor
= DKK 135.82 x 0.13011
€17.67
Value per share (EUR) From above. €17.67
Current discount Discount to share price of €21.00
= -1 x (€21.00 - €17.67) / €17.67
-18.8%

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

  • The current share price of RTX 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 RTX's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are RTX's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:RTE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in DKK DKK6.69
CPSE:RTX Share Price ** CPSE (2019-04-18) in DKK DKK161.4
Germany Communications Industry PE Ratio Median Figure of 5 Publicly-Listed Communications Companies 27.71x
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 RTX.

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

= CPSE:RTX Share Price ÷ EPS (both in DKK)

= 161.4 ÷ 6.69

24.12x

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

  • RTX is good value based on earnings compared to the DE Communications industry average.
  • RTX is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does RTX's expected growth come at a high price?
Raw Data
DB:RTE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 24.12x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
17.1%per year
Europe Communications Industry PEG Ratio Median Figure of 13 Publicly-Listed Communications Companies 1.31x
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 RTX, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on RTX's assets?
Raw Data
DB:RTE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in DKK DKK37.47
CPSE:RTX Share Price * CPSE (2019-04-18) in DKK DKK161.4
Germany Communications Industry PB Ratio Median Figure of 7 Publicly-Listed Communications Companies 1.53x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.84x
DB:RTE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= CPSE:RTX Share Price ÷ Book Value per Share (both in DKK)

= 161.4 ÷ 37.47

4.31x

* Primary Listing of RTX.

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

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

Future Performance

 How is RTX expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover RTX, future earnings growth has been estimated based on fundamentals.
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
17.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is RTX expected to grow at an attractive rate?
  • RTX's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • RTX's earnings growth is expected to exceed the Germany market average.
  • Unable to compare RTX's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:RTE Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:RTE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 17.1%
Germany Communications Industry Earnings Growth Rate Market Cap Weighted Average 19.3%
Europe Communications Industry Revenue Growth Rate Market Cap Weighted Average 2.5%
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:RTE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in DKK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:RTE Future Estimates Data
Date (Data in DKK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:RTE Past Financials Data
Date (Data in DKK Millions) Revenue Cash Flow Net Income *
2018-12-31 508 88 57
2018-09-30 492 96 60
2018-06-30 456 80 62
2018-03-31 466 71 67
2017-12-31 442 80 56
2017-09-30 451 47 58
2017-06-30 429 34 40
2017-03-31 404 47 38
2016-12-31 418 38 52
2016-09-30 397 53 50
2016-06-30 384 56 49
2016-03-31 377 47 48

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • RTX's earnings are expected to grow by 17.1% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if RTX 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:RTE 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 0 Analyst Estimates (S&P Global) See Below

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

DB:RTE Future Estimates Data
Date (Data in DKK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:RTE Past Financials Data
Date (Data in DKK Millions) EPS *
2018-12-31 6.69
2018-09-30 7.01
2018-06-30 7.24
2018-03-31 7.76
2017-12-31 6.42
2017-09-30 6.66
2017-06-30 4.48
2017-03-31 4.32
2016-12-31 5.82
2016-09-30 5.62
2016-06-30 5.58
2016-03-31 5.49

*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.
  • Unable to establish if RTX will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess RTX'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 Europe 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.
RTX 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.

Past Performance

  How has RTX 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 RTX's growth in the last year to its industry (Communications).
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.
  • RTX's year on year earnings growth rate has been positive over the past 5 years.
  • RTX's 1-year earnings growth exceeds its 5-year average (3.1% vs 2.5%)
  • RTX's earnings growth has not exceeded the Europe Communications industry average in the past year (3.1% vs 23.7%).
Earnings and Revenue History
RTX'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 RTX Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:RTE Past Revenue, Cash Flow and Net Income Data
Date (Data in DKK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 507.68 57.29 211.16
2018-09-30 491.65 59.95 197.98
2018-06-30 456.44 61.85 189.38
2018-03-31 466.39 66.72 183.91
2017-12-31 442.30 55.58 179.88
2017-09-30 450.93 58.20 178.68
2017-06-30 428.55 39.52 177.26
2017-03-31 404.01 38.20 172.53
2016-12-31 417.72 51.55 165.35
2016-09-30 396.54 49.50 160.40
2016-06-30 383.93 48.86 157.11
2016-03-31 376.67 47.79 151.27
2015-12-31 366.96 46.02 148.44
2015-09-30 352.19 48.90 139.88
2015-06-30 336.10 69.87 135.34
2015-03-31 314.34 65.40 130.06
2014-12-31 296.77 60.72 123.64
2014-09-30 288.32 55.83 118.41
2014-06-30 283.22 51.07 118.23
2014-03-31 275.68 46.29 116.95
2013-12-31 259.56 39.14 116.77
2013-09-30 242.73 32.69 117.86
2013-06-30 228.85 7.48 116.18
2013-03-31 217.96 5.10 116.35
2012-12-31 209.36 1.77 119.08
2012-09-30 203.80 1.94 118.29
2012-06-30 218.61 5.24 117.82

*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.
  • RTX has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • RTX used its assets more efficiently than the DE Communications industry average last year based on Return on Assets.
  • RTX has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess RTX'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 Communications 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.
RTX 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.

Health

 How is RTX'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 RTX's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • RTX is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • RTX's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of RTX'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.
  • RTX has no debt, it does not need to be covered by short term assets.
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 RTX Company Filings, last reported 3 months ago.

DB:RTE Past Debt and Equity Data
Date (Data in DKK Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 321.05 0.00 190.36
2018-09-30 312.00 0.00 182.60
2018-06-30 285.16 0.00 150.44
2018-03-31 269.24 0.00 138.81
2017-12-31 275.73 0.00 148.75
2017-09-30 282.98 0.00 151.30
2017-06-30 264.72 0.00 145.93
2017-03-31 257.65 0.00 159.00
2016-12-31 285.98 0.00 173.78
2016-09-30 280.56 0.00 202.47
2016-06-30 279.61 0.00 199.79
2016-03-31 269.47 0.00 183.30
2015-12-31 276.52 0.00 130.82
2015-09-30 265.91 0.00 136.91
2015-06-30 260.70 11.19 129.58
2015-03-31 247.85 11.52 119.23
2014-12-31 238.18 13.69 109.92
2014-09-30 227.57 14.01 108.78
2014-06-30 201.46 14.34 97.01
2014-03-31 192.17 14.67 78.46
2013-12-31 185.59 14.99 75.25
2013-09-30 176.30 15.31 70.76
2013-06-30 162.35 15.64 62.61
2013-03-31 154.94 15.95 46.21
2012-12-31 158.24 16.28 51.94
2012-09-30 156.32 16.59 47.67
2012-06-30 158.40 16.88 55.77
  • RTX has no debt.
  • RTX has no debt compared to 5 years ago when it was 8.1%.
  • RTX has no debt, it does not need to be covered by operating cash flow.
  • RTX has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess RTX'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. RTX 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.

Dividends

 What is RTX'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
1.24%
Current annual income from RTX dividends.
If you bought €2,000 of RTX shares you are expected to receive €25 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?
  • RTX's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • RTX's dividend is below the markets top 25% of dividend payers in Germany (3.71%).
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:RTE 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 0 Analyst Estimates (S&P Global) See Below
Europe Communications Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 2.5%
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:RTE Future Dividends Estimate Data
Date (Data in DKK) Dividend per Share (annual) Avg. No. Analysts
DB:RTE Past Annualized Dividends Data
Date (Data in DKK) Dividend per share (annual) Avg. Yield (%)
2018-11-27 2.000 1.204
2017-11-28 2.000 1.172
2016-11-29 2.000 1.222
2015-11-25 2.000 2.097
2014-11-25 1.000 1.285
2013-12-09 0.500 1.141

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

  • Whilst dividend payments have been stable, RTX has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but RTX only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of RTX's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.3x coverage).
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 RTX'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 RTX afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. RTX 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.

Management

 What is the CEO of RTX'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
Peter Røpke
AGE 52
TENURE AS CEO 2.6 years
CEO Bio

Mr. Peter Røpke has been the Chief Executive Officer and President of RTX A/S since September 20, 2016 and serves as its Member of Executive Board. Mr. Røpke served as the Chief Executive Officer at Flügger A/S since 2014 until July 13, 2016 and served as its Member of Executive-Board July 13, 2016. He served as Member of Group Management of Grundfos Holding A/S since 2010 and served as Group Executive Vice President. He served as Group Executive Vice President Business & Technology Development of Grundfos, Senior Vice President R&D of Nokia. Mr. Røpke served as Group Executive Vice President at Grundfos A/S from January 2011 to 2014. He served as a Group Executive Vice President and Member of Group Management at Grundfos Management A/S at Poul Due Jensen`s Fond. Mr. Røpke served as Group Senior Vice President of Grundfos Management A/S since December 2010 with the responsibility for Business and Technology Development. He joined to grundfos in the spring 2010. In 2008, he took over the global responsibility for the development of Nokia’s mobile phones. He served as Group Senior Vice President for Business and Technology Development at Grundfos A/S since 2010. From 1994 to 2008, he held various management positions in Nokia Denmark. From 1992 to 1994, he was employed at Olivetti. He serves as a Member of Supervisory Board of DEIF A/S and DHI. He served as Director at Flügger A/S. Mr. Røpke holds MSc in Electrical, Electronics and Communications Engineering from the Technical University of Denmark (DTU, 1992).

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

Kurt Rasmussen

TITLE
Program Manager & Employee Representative Director
AGE
44

Flemming Andersen

TITLE
Senior Project Manager & Employee Representative Director
AGE
45

Peter Røpke

TITLE
President
AGE
52
TENURE
2.6 yrs

Morten Petersen

TITLE
Chief Financial Officer

Peter Christensen

TITLE
President of Business Communications
AGE
45

Poul Lind

TITLE
Managing Director
AGE
66

Jens Lindof

TITLE
President of Design Services
AGE
51

Else Larsen

TITLE
Finance Controller
AGE
68

Erling Andersen

TITLE
Senior Finance Advisor
Board of Directors Tenure

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

2.3
Average Tenure
53.5
Average Age
  • The average tenure for the RTX board of directors is less than 3 years, this suggests a new board.
Board of Directors

Peter Thostrup

TITLE
Chairman of the Board
AGE
58

Jesper Mailind

TITLE
Deputy Chairman of Board
AGE
62

Kurt Rasmussen

TITLE
Program Manager & Employee Representative Director
AGE
44
TENURE
4.3 yrs

Flemming Andersen

TITLE
Senior Project Manager & Employee Representative Director
AGE
45
TENURE
4.3 yrs

Christian Engsted

TITLE
Director
AGE
55
TENURE
2.3 yrs

Lars Tofft

TITLE
Director
AGE
52
TENURE
2.3 yrs

Kevin Harritsø

TITLE
Employee Representative Director
AGE
34
TENURE
0.3 yrs

Henrik Schimmell

TITLE
Director
AGE
56
TENURE
0.3 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 RTX'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. RTX 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.

News

Simply Wall St News

Company Info

Description

RTX A/S designs and develops advanced wireless short range radio systems and products in Denmark and internationally. It operates in two segments, Design Services and Business Communications. The company specializes in the design and development of wireless professional audio, intercom, healthcare, and industrial and Internet of things products. Its products include RF testers; automatic test equipment for the functional test of wireless devices; analyzers; in-circuit emulators, a universal debugging interface unit that enables development and verification departments to debug a number of core systems; and wireless modules and dongles. The company also provides professional wireless IP-DECT telephony for private branch exchange systems, such as enterprise products, voice over Internet protocol products, corded headsets, wireless headsets, base stations, and repeaters. RTX A/S was founded in 1993 and is headquartered in Nørresundby, Denmark.

Details
Name: RTX A/S
RTE
Exchange: DB
Founded: 1993
DKK184,699,463
8,544,230
Website: http://www.rtx.dk
Address: RTX A/S
Stroemmen 6,
Nørresundby,
North Denmark Region, 9400,
Denmark
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
CPSE RTX Share Capital OMX Nordic Exchange Copenhagen DK DKK 08. Jun 2000
DB RTE Share Capital Deutsche Boerse AG DE EUR 08. Jun 2000
LSE 0NQJ Share Capital London Stock Exchange GB DKK 08. Jun 2000
Number of employees
Current staff
Staff numbers
267
RTX employees.
Industry
Communications Equipment
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/22 20:46
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2017/11/28
Last earnings filing: 2019/01/24
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/09/30


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.