XTRA:LNSX

Stock Analysis Report

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Executive Summary

Sixt Leasing SE, together with its subsidiaries, engages in the vehicle leasing business in Germany, Austria, Switzerland, France, and the Netherlands.


Snowflake Analysis

Reasonable growth potential second-rate dividend payer.


Similar Companies

Share Price & News

How has Sixt Leasing's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: LNSX has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

5.7%

LNSX

2.2%

DE Transportation

4.4%

DE Market


1 Year Return

46.6%

LNSX

-25.9%

DE Transportation

4.4%

DE Market

Return vs Industry: LNSX exceeded the German Transportation industry which returned -25.9% over the past year.

Return vs Market: LNSX exceeded the German Market which returned 4.4% over the past year.


Shareholder returns

LNSXIndustryMarket
7 Day5.7%2.2%4.4%
30 Day-6.1%9.3%12.1%
90 Day-7.0%-14.3%5.4%
1 Year46.6%46.6%-23.5%-25.9%6.1%4.4%
3 Year0.08%-8.7%-16.3%-24.7%-0.6%-8.2%
5 Year-1.1%-11.6%-3.1%-17.5%10.4%-3.8%

Price Volatility Vs. Market

How volatile is Sixt Leasing's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Sixt Leasing undervalued compared to its fair value and its price relative to the market?

18.38x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: LNSX (€17.5) is trading above our estimate of fair value (€8.72)

Significantly Below Fair Value: LNSX is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: LNSX is poor value based on its PE Ratio (18.4x) compared to the Transportation industry average (8.7x).

PE vs Market: LNSX is good value based on its PE Ratio (18.4x) compared to the German market (20.1x).


Price to Earnings Growth Ratio

PEG Ratio: LNSX is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: LNSX is overvalued based on its PB Ratio (1.6x) compared to the XE Transportation industry average (1.2x).


Next Steps

Future Growth

How is Sixt Leasing forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

29.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LNSX's forecast earnings growth (29.4% per year) is above the savings rate (0.2%).

Earnings vs Market: LNSX's earnings (29.4% per year) are forecast to grow faster than the German market (22.5% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: LNSX's revenue (7.2% per year) is forecast to grow faster than the German market (5.7% per year).

High Growth Revenue: LNSX's revenue (7.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: LNSX's Return on Equity is forecast to be low in 3 years time (15.7%).


Next Steps

Past Performance

How has Sixt Leasing performed over the past 5 years?

-2.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LNSX has high quality earnings.

Growing Profit Margin: LNSX's current net profit margins (2.5%) are lower than last year (2.6%).


Past Earnings Growth Analysis

Earnings Trend: LNSX's earnings have declined by -2.6% per year over the past 5 years.

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

Earnings vs Industry: LNSX had negative earnings growth (-9.7%) over the past year, making it difficult to compare to the Transportation industry average (0.6%).


Return on Equity

High ROE: LNSX's Return on Equity (8.4%) is considered low.


Next Steps

Financial Health

How is Sixt Leasing's financial position?


Financial Position Analysis

Short Term Liabilities: LNSX's short term assets (€284.2M) do not cover its short term liabilities (€608.2M).

Long Term Liabilities: LNSX's short term assets (€284.2M) do not cover its long term liabilities (€601.9M).


Debt to Equity History and Analysis

Debt Level: LNSX's debt to equity ratio (438.2%) is considered high.

Reducing Debt: LNSX's debt to equity ratio has reduced from 1260.3% to 438.2% over the past 5 years.

Debt Coverage: LNSX's debt is not well covered by operating cash flow (4.3%).

Interest Coverage: LNSX's interest payments on its debt are well covered by EBIT (3.4x coverage).


Balance Sheet


Next Steps

Dividend

What is Sixt Leasing's current dividend yield, its reliability and sustainability?

5.14%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: LNSX's dividend (5.14%) is higher than the bottom 25% of dividend payers in the German market (1.27%).

High Dividend: LNSX's dividend (5.14%) is in the top 25% of dividend payers in the German market (3.75%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, LNSX has been paying a dividend for less than 10 years.

Growing Dividend: LNSX's dividend payments have increased, but the company has only paid a dividend for 4 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (94.5%), LNSX's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: LNSX's dividends in 3 years are forecast to be well covered by earnings (46.2% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?


CEO

Michael Ruhl (48yo)

1.42yrs

Tenure

Mr. Michael Martin Ruhl has been Chairman of the Managing Board & Chief Executive Officer at Sixt Leasing SE since January 01, 2019 and will assume responsibility for the departments Group Strategy and Cor ...


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

Sixt Leasing SE's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Sixt Leasing SE
  • Ticker: LNSX
  • Exchange: XTRA
  • Founded: 1967
  • Industry: Trucking
  • Sector: Transportation
  • Market Cap: €360.703m
  • Shares outstanding: 20.61m
  • Website: https://www.sixt-leasing.com

Number of Employees


Location

  • Sixt Leasing SE
  • Zugspitzstrasse 1
  • Pullach
  • Bavaria
  • 82049
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LNSXDB (Deutsche Boerse AG)YesBearer SharesDEEURMay 2015
LNSXSWX (SIX Swiss Exchange)YesBearer SharesCHCHFMay 2015
LNSXXTRA (XETRA Trading Platform)YesBearer SharesDEEURMay 2015
0R88LSE (London Stock Exchange)YesBearer SharesGBEURMay 2015
LNSXDBATS-CHIXE (BATS 'Chi-X Europe')YesBearer SharesGBEURMay 2015
LNSZDB (Deutsche Boerse AG)NPV (ASD 20/05/2020 HYUNDAI CAPITAL CSH)DEEURMar 2020

Biography

Sixt Leasing SE, together with its subsidiaries, engages in the vehicle leasing business in Germany, Austria, Switzerland, France, and the Netherlands. The company operates in two segments, Leasing and Fleet Management. The Leasing segment provides lease financing and associated services to corporate customers; and operates an online retail business that serves private and commercial customers through sixt-neuwagen.de and autohaus24.de Websites, as well as offers additional services, such as accident and damage management, an inspection and insurance package. The Fleet Management segment manages large-sized customer fleets ranging from mid-sized businesses to international corporations; and offers individual consulting services. The company was founded in 1967 and is headquartered in Pullach, Germany. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/05 00:25
End of Day Share Price2020/06/04 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.