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UniDevice

DB:UDC
Snowflake Description

Adequate balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
UDC
DB
€24M
Market Cap
  1. Home
  2. DE
  3. Tech
Company description

UniDevice AG, together with its subsidiary, PPA International AG, engages in the wholesale of mobile phones worldwide. The last earnings update was 351 days ago. More info.


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UDC Share Price and Events
7 Day Returns
0.6%
DB:UDC
2.8%
DE Electronic
2.4%
DE Market
1 Year Returns
-
DB:UDC
-1%
DE Electronic
-6.2%
DE Market
UDC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
UniDevice (UDC) 0.6% -1.9% 3.3% - - -
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
  • No trading data on UDC.
  • No trading data on UDC.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is UniDevice 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
  • It is not possible to calculate the future cash flow value for UniDevice. This is due to cash flow or dividend data being unavailable. The share price is €1.55.
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 UniDevice's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are UniDevice's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:UDC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2017-12-31) in EUR €0.04
XTRA:UDC Share Price ** XTRA (2019-04-18) in EUR €1.57
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 UniDevice.

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

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

= 1.57 ÷ 0.04

39.42x

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

  • UniDevice is overvalued based on earnings compared to the DE Electronic industry average.
  • UniDevice is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does UniDevice's expected growth come at a high price?
Raw Data
DB:UDC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 39.42x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
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 .

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

  • Unable to calculate PEG ratio for UniDevice, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on UniDevice's assets?
Raw Data
DB:UDC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2017-12-31) in EUR €1.04
XTRA:UDC Share Price * XTRA (2019-04-18) in EUR €1.57
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:UDC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1.57 ÷ 1.04

1.51x

* Primary Listing of UniDevice.

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

  • UniDevice is good value based on assets compared to the DE Electronic industry average.
X
Value checks
We assess UniDevice'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. UniDevice 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 UniDevice 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
18.6%
Expected annual growth in revenue.
Earnings growth vs Low Risk Savings
Is UniDevice expected to grow at an attractive rate?
  • Unable to compare UniDevice's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare UniDevice's earnings growth to the Germany market average as no estimate data is available.
  • UniDevice's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:UDC Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:UDC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 18.6%
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:UDC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 year 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:UDC Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 414 1
2019-12-31 383 1
2018-12-31 314 1
DB:UDC Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2017-12-31 229 0 1
2016-12-31 135 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if UniDevice is high growth as no earnings estimate data is available.
  • UniDevice's revenue is expected to grow by 18.6% 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:UDC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 year ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from UniDevice Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:UDC Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31
2019-12-31
2018-12-31
DB:UDC Past Financials Data
Date (Data in EUR Millions) EPS *
2017-12-31 0.04
2016-12-31 0.02

*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 UniDevice will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess UniDevice'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.
UniDevice has a total score of 1/6, 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 UniDevice performed over the past 5 years?

  • UniDevice's last earnings update was 351 days ago.
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 UniDevice'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.
  • Unable to establish if UniDevice's year on year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.
  • Unable to compare UniDevice's 1-year earnings growth to the 5-year average as it has been trading publicly for less than 3 years.
  • UniDevice's earnings growth has exceeded the DE Electronic industry average in the past year (62.6% vs 18.1%).
Earnings and Revenue History
UniDevice'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 UniDevice Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:UDC Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2017-12-31 229.23 0.60 0.59
2016-12-31 134.75 0.37 0.48

*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.
  • UniDevice has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • UniDevice used its assets less efficiently than the DE Electronic industry average last year based on Return on Assets.
  • Unable to establish if UniDevice improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess UniDevice'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.
UniDevice has a total score of 1/6, 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 UniDevice'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 UniDevice's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • UniDevice is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • UniDevice's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of UniDevice'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 1.4x 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 UniDevice Company Filings, last reported 1 year ago.

DB:UDC Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2017-12-31 15.66 4.28 1.43
2016-12-31 15.39 2.37 0.08
  • UniDevice's level of debt (27.3%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if UniDevice's debt level has increased without past 5-year debt data.
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 5.3x coverage).
X
Financial health checks
We assess UniDevice'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. UniDevice has a total score of 4/6, 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 UniDevice'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 UniDevice dividends.
If you bought €2,000 of UniDevice 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 UniDevice's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate UniDevice'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:UDC 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 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:UDC Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31
2018-12-31

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

  • Unable to perform a dividend volatility check as UniDevice has not reported any payouts.
  • Unable to verify if UniDevice's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of UniDevice's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as UniDevice 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 UniDevice'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 UniDevice afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. UniDevice 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.

Management

 What is the CEO of UniDevice'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
Christian Pahl
TENURE AS CEO 1.7 years
CEO Bio

Dr. Christian Pahl is Chief Executive Officer and Member of the Management Board at UniDevice AG and PPA International AG since August 2017. Prior to joining UniDevice in August 2017, he has been the sole director of an international pharmaceutical wholesale business (parallel import) for the last 5 years prior to his entry and a board member of the holding company of the healthcare group for 7 years.

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

Christian Pahl

TITLE
CEO & Member of the Management Board
TENURE
1.7 yrs
Board of Directors

Christoph Jakob

TITLE
Chairman of Supervisory Board

Peter Marggraff

TITLE
Deputy Chairman of Supervisory Board

Kamil Wielanek

TITLE
Member of Supervisory Board
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 UniDevice'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. UniDevice 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

UniDevice AG, together with its subsidiary, PPA International AG, engages in the wholesale of mobile phones worldwide. The company was founded in 2014 and is based in Schönefeld, Germany.

Details
Name: UniDevice AG
UDC
Exchange: DB
Founded: 2014
€23,628,500
15,050,000
Website: http://www.unidevice.de
Address: UniDevice AG
Mittelstrasse 7,
Schonefeld,
Brandenburg, 12529,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA UDC Bearer Shares XETRA Trading Platform DE EUR 06. Mar 2018
DB UDC Bearer Shares Deutsche Boerse AG DE EUR 06. Mar 2018
Number of employees
Current staff
Staff numbers
11
UniDevice employees.
Industry
Technology Distributors
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 22:23
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/02/18
Last earnings filing: 2018/05/03
Last earnings reported: 2017/12/31
Last annual earnings reported: 2017/12/31


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.