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Endor

MUN:E2N
Snowflake Description

Proven track record with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
E2N
MUN
€31M
Market Cap
  1. Home
  2. DE
  3. Tech
Company description

Endor AG develops and markets high-end input devices for game consoles and PCs in Germany. The last earnings update was 287 days ago. More info.


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E2N Share Price and Events
7 Day Returns
7.6%
MUN:E2N
0.1%
DE Tech
1.5%
DE Market
1 Year Returns
45.7%
MUN:E2N
-0.1%
DE Tech
-6.2%
DE Market
E2N Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Endor (E2N) 7.6% 11.8% 18.6% 45.7% 195.6% 3836.2%
DE Tech 0.1% 3.2% 13.4% -0.1% 68.2% 106.8%
DE Market 1.5% 6% 8.5% -6.2% 10.7% 15.3%
1 Year Return vs Industry and Market
  • E2N outperformed the Tech industry which returned -0.1% over the past year.
  • E2N outperformed the Market in Germany which returned -6.2% over the past year.
Price Volatility
E2N
Industry
5yr Volatility vs Market

Value

 Is Endor 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.

In this section, we usually try to help investors determine whether Endor is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Endor has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis. You can see them here.

Show me the analysis anyway

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Endor. This is due to cash flow or dividend data being unavailable. The share price is €18.5.
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 Endor's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Endor's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
MUN:E2N PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2017-12-31) in EUR Not available
MUN:E2N Share Price ** MUN (2019-04-23) in EUR €18.5
Europe Tech Industry PE Ratio Median Figure of 22 Publicly-Listed Tech Companies 13.17x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.6x

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

** Primary Listing of Endor.

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

  • Unable to compare the PE ratio to the industry average as no data exists.
  • Unable to calculate PE ratio for Endor, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Endor's expected growth come at a high price?
Raw Data
MUN:E2N PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 0x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Tech Industry PEG Ratio Median Figure of 12 Publicly-Listed Tech Companies 0.87x
Germany Market PEG Ratio Median Figure of 269 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 Endor, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Endor's assets?
Raw Data
MUN:E2N PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2017-12-31) in EUR Not available
MUN:E2N Share Price * MUN (2019-04-23) in EUR €18.5
Europe Tech Industry PB Ratio Median Figure of 30 Publicly-Listed Tech Companies 1.3x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.84x

* Primary Listing of Endor.

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

  • Unable to compare the PB ratio to the industry average as no data exists.

Next steps:

  1. Check out Endor's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
  2. When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Endor's regulatory filings and announcements.
  3. Show me more potentially undervalued companies in the Tech industry
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Value checks
We assess Endor'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 Tech 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 Tech industry average (and greater than 0)? (1 check)
  5. Endor has a total score of 0/6, 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 Endor expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Endor has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
14.8%
Expected Tech industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Endor expected to grow at an attractive rate?
  • Unable to compare Endor's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Endor's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Endor's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
MUN:E2N Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Tech Industry Earnings Growth Rate Market Cap Weighted Average 14.8%
Europe Tech Industry Revenue Growth Rate Market Cap Weighted Average 8.2%
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
MUN:E2N Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 year ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
MUN:E2N Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2017-12-31 19 2
2016-12-31 11 1
2015-12-31 11 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Endor is high growth as no earnings estimate data is available.
  • Unable to determine if Endor 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
MUN:E2N 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 0 Analyst Estimates (S&P Global) See Below

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

MUN:E2N Past Financials Data
Date (Data in EUR Millions) EPS *
2017-12-31
2016-12-31
2015-12-31

*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 Endor will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Check out Endor's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
  2. Endor's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Tech companies here
  3. Endor's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Endor'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 Europe 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.
Endor has a total score of 0/6, 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 Endor performed over the past 5 years?

  • Endor's last earnings update was 287 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 Endor's growth in the last year to its industry (Tech).
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.
  • Insufficient data to establish if Endor's year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Endor's 1-year earnings growth to the 5-year average due to insufficient past data.
  • Endor's earnings growth has exceeded the Europe Tech industry average in the past year (77.5% vs 12.3%).
Earnings and Revenue History
Endor'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 Endor Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

MUN:E2N 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 18.80 1.54 2.29
2016-12-31 11.04 0.87 1.49
2015-12-31 10.97 1.36 1.37
2014-12-31 7.28 0.05 0.88
2013-12-31 3.45 0.52 0.79
2012-12-31 4.26 0.10 0.71

*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.
  • Endor has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Endor used its assets more efficiently than the Europe Tech industry average last year based on Return on Assets.
  • Endor has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Endor'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 Tech 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.
Endor 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 Endor'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 Endor's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Endor is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Endor's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Endor'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 22.9x 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 Endor Company Filings, last reported 1 year ago.

MUN:E2N Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2017-12-31 4.00 0.31 0.90
2016-12-31 2.43 0.00 0.37
2015-12-31 1.50 0.00 0.90
2014-12-31 0.26 0.03 0.26
2013-12-31 0.00 0.04 0.36
2012-12-31 0.00 0.05 0.24
  • Endor's level of debt (7.6%) 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 (464300% vs 7.6% today).
  • Unable to verify if debt is well covered by operating cash flow as Endor has not reported sufficient balance sheet data.
  • Endor is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Endor'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. Endor 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 Endor'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 Endor dividends.
If you bought €2,000 of Endor 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 Endor's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Endor'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
MUN:E2N 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 Tech Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 1.5%
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.

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

  • Unable to perform a dividend volatility check as Endor has not reported any payouts.
  • Unable to verify if Endor's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Endor's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Endor 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 Endor'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 Endor afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Endor 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 Endor'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
Thomas Jackermeier
AGE 49
CEO Bio

Mr. Thomas Jackermeier serves as the Chief Executive Officer at Endor AG. He is Responsible Corporate Strategy, Product Management, Marketing and Sales at Endor Ag. Mr. Jackermeier has been the Chairman of the Management Board since 2000. Mr. Jackermeier studied business economics at University of Regensburg in 1996.

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

Thomas Jackermeier

TITLE
Chairman of the Management Board & CEO
AGE
49

Andras Semsey

TITLE
Member of the Management Board
AGE
52
TENURE
14.5 yrs
Board of Directors

Andreas Potthoff

TITLE
Chairman of the Supervisory Board
TENURE
16.3 yrs

Richard Rösener

TITLE
Deputy Chairman of the Supervisory Board

Uto Baader

TITLE
Member of the Supervisory Board
AGE
74
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 Endor'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. Endor 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

What Do You Get For Owning Endor AG (MUN:E2N)?

Thus, to understand how your money can grow by investing in Endor, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE). … E2N’s ROCE is calculated below: ROCE Calculation for E2N Return on Capital Employed (ROCE) = Earnings Before Tax (EBT) ÷ (Capital Employed) Capital Employed = (Total Assets - Current Liabilities) ∴ ROCE = €1.26M ÷ (€6.51M - €1.09M) = 23.21% E2N’s 23.21% ROCE means that for every €100 you invest, the company creates €23.2. … We can see that earnings have increased from -€346.20K to €1.26M whilst capital employed has also increased but to a smaller extent, which means the company has been able to improve ROCE by driving up earnings relative to the capital invested in the business.Next Steps Endor’s ROCE has increased over the recent past and is currently at a level that makes the company an attractive candidate that is capable of compounding your capital at a fast rate.

Simply Wall St -

With A -36.23% Earnings Drop, Is Endor AG's (MUN:E2N) A Concern?

Today I will assess E2N's recent performance announced on 31 December 2016 and evaluate these figures to its long-term trend and industry movements. … View our latest analysis for Endor Commentary On E2N's Past Performance To account for any quarterly or half-yearly updates, I use the ‘latest twelve-month’ data, which annualizes the most recent half-year data, or in some cases, the latest annual report is already the most recent financial year data. … Since these figures are relatively short-term thinking, I have calculated an annualized five-year value for E2N's earnings, which stands at €648.65K This means that though earnings declined against last year, over the past couple of years, Endor's earnings have been rising on average.

Simply Wall St -

Why Endor AG (MUN:E2N) Is A Financially Healthy Company

Endor AG (MUN:E2N), which has zero-debt on its balance sheet, can maximize capital returns by increasing debt due to its lower cost of capital. … See our latest analysis for Endor Is E2N growing fast enough to value financial flexibility over lower cost of capital? … E2N’s absence of debt on its balance sheet may be due to lack of access to cheaper capital, or it may simply believe low cost is not worth sacrificing financial flexibility.

Simply Wall St -

Company Info

Description

Endor AG develops and markets high-end input devices for game consoles and PCs in Germany. The company provides steering wheels and controllers, player mice, pedals, mounts, shifters, and racing products. It sells its products under the Fanatec brand in Asia and Europe through distributors, as well as through its subsidiary in the United States. Endor AG was founded in 1997 and is based in Landshut, Germany.

Details
Name: Endor AG
E2N
Exchange: MUN
Founded: 1997
€31,187,345
1,782,134
Website: http://www.endor.de
Address: Endor AG
Seligenthalerstrasse 16 a,
Landshut,
84034,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
MUN E2N Share Capital Boerse Muenchen DE EUR 27. Jun 2006
Number of employees
Current staff
Staff numbers
0
Endor employees.
Industry
Technology Hardware, Storage and Peripherals
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 21:46
End of day share price update: 2019/04/23 00:00
Last earnings filing: 2018/07/10
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.