company background image
SIX2

Sixt XTRA:SIX2 Stock Report

Last Price

€104.60

Market Cap

€4.2b

7D

-7.0%

1Y

-10.7%

Updated

27 Jun, 2022

Data

Company Financials +
SIX2 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance3/6
Financial Health4/6
Dividends4/6

SIX2 Stock Overview

Sixt SE, through its subsidiaries, provides mobility services for private and business customers in Germany and internationally.

Sixt Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Sixt
Historical stock prices
Current Share Price€104.60
52 Week High€170.30
52 Week Low€102.80
Beta2.11
1 Month Change-12.25%
3 Month Change-19.17%
1 Year Change-10.68%
3 Year Change9.76%
5 Year Change99.81%
Change since IPO1,892.18%

Recent News & Updates

Jun 12
Is Sixt (ETR:SIX2) Using Too Much Debt?

Is Sixt (ETR:SIX2) Using Too Much Debt?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Apr 12
Sixt (ETR:SIX2) Is Experiencing Growth In Returns On Capital

Sixt (ETR:SIX2) Is Experiencing Growth In Returns On Capital

There are a few key trends to look for if we want to identify the next multi-bagger. Typically, we'll want to notice a...

Shareholder Returns

SIX2DE TransportationDE Market
7D-7.0%-1.3%-0.5%
1Y-10.7%-9.5%-21.1%

Return vs Industry: SIX2 matched the German Transportation industry which returned -10.8% over the past year.

Return vs Market: SIX2 exceeded the German Market which returned -22% over the past year.

Price Volatility

Is SIX2's price volatile compared to industry and market?
SIX2 volatility
SIX2 Average Weekly Movement6.7%
Transportation Industry Average Movement5.0%
Market Average Movement5.6%
10% most volatile stocks in DE Market10.2%
10% least volatile stocks in DE Market2.9%

Stable Share Price: SIX2 is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: SIX2's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19126,399Alexander Sixthttps://www.sixt.com

Sixt SE, through its subsidiaries, provides mobility services for private and business customers in Germany and internationally. The company engages in the rental of various utility vehicles; and provision of international holiday vehicle rental, car sharing, transfer, and car subscription services. As of December 31, 2021, its corporate and franchise station network comprised approximately 900 stations.

Sixt Fundamentals Summary

How do Sixt's earnings and revenue compare to its market cap?
SIX2 fundamental statistics
Market Cap€4.23b
Earnings (TTM)€389.59m
Revenue (TTM)€2.54b

12.6x

P/E Ratio

1.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SIX2 income statement (TTM)
Revenue€2.54b
Cost of Revenue€755.55m
Gross Profit€1.79b
Other Expenses€1.40b
Earnings€389.59m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 10, 2022

Earnings per share (EPS)8.30
Gross Margin70.31%
Net Profit Margin15.31%
Debt/Equity Ratio107.9%

How did SIX2 perform over the long term?

See historical performance and comparison

Dividends

3.5%

Current Dividend Yield

55%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is SIX2 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SIX2?

Other financial metrics that can be useful for relative valuation.

SIX2 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.2x
Enterprise Value/EBITDA9.3x
PEG Ratio-7.9x

Price to Earnings Ratio vs Peers

How does SIX2's PE Ratio compare to its peers?

SIX2 PE Ratio vs Peers
The above table shows the PE ratio for SIX2 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average39.4x
LNSX Allane
36.4x38.4%€296.8m
3WB Waberer's International Nyrt
4.6xn/a€78.5m
FRA Fraport
107.4x43.7%€4.3b
HHFA Hamburger Hafen und Logistik
9.3x-4.6%€1.1b
SIX2 Sixt
12.6x-1.6%€4.2b

Price-To-Earnings vs Peers: SIX2 is good value based on its Price-To-Earnings Ratio (12.6x) compared to the peer average (39.4x).


Price to Earnings Ratio vs Industry

How does SIX2's PE Ratio compare vs other companies in the European Transportation Industry?

Price-To-Earnings vs Industry: SIX2 is good value based on its Price-To-Earnings Ratio (12.6x) compared to the European Transportation industry average (13.7x)


Price to Earnings Ratio vs Fair Ratio

What is SIX2's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SIX2 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.6x
Fair PE Ratio15x

Price-To-Earnings vs Fair Ratio: SIX2 is good value based on its Price-To-Earnings Ratio (12.6x) compared to the estimated Fair Price-To-Earnings Ratio (15x).


Share Price vs Fair Value

What is the Fair Price of SIX2 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SIX2 (€104.6) is trading above our estimate of fair value (€62.56)

Significantly Below Fair Value: SIX2 is trading above our estimate of fair value.


Price to Earnings Growth Ratio

PEG Ratio: SIX2's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Discover undervalued companies

Future Growth

How is Sixt forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-1.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SIX2's earnings are forecast to decline over the next 3 years (-1.6% per year).

Earnings vs Market: SIX2's earnings are forecast to decline over the next 3 years (-1.6% per year).

High Growth Earnings: SIX2's earnings are forecast to decline over the next 3 years.

Revenue vs Market: SIX2's revenue (11.5% per year) is forecast to grow faster than the German market (4.8% per year).

High Growth Revenue: SIX2's revenue (11.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SIX2's Return on Equity is forecast to be low in 3 years time (14.7%).


Discover growth companies

Past Performance

How has Sixt performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-13.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SIX2 has high quality earnings.

Growing Profit Margin: SIX2 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: SIX2's earnings have declined by 13.5% per year over the past 5 years.

Accelerating Growth: SIX2 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: SIX2 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Transportation industry (81.4%).


Return on Equity

High ROE: SIX2's Return on Equity (21.4%) is considered high.


Discover strong past performing companies

Financial Health

How is Sixt's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: SIX2's short term assets (€4.0B) exceed its short term liabilities (€1.2B).

Long Term Liabilities: SIX2's short term assets (€4.0B) exceed its long term liabilities (€1.6B).


Debt to Equity History and Analysis

Debt Level: SIX2's net debt to equity ratio (73.5%) is considered high.

Reducing Debt: SIX2's debt to equity ratio has reduced from 198.2% to 107.9% over the past 5 years.

Debt Coverage: SIX2's debt is not well covered by operating cash flow (18.6%).

Interest Coverage: SIX2's interest payments on its debt are well covered by EBIT (15.8x coverage).


Balance Sheet


Discover healthy companies

Dividend

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

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


3.54%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: SIX2's dividend (3.54%) is higher than the bottom 25% of dividend payers in the German market (1.47%).

High Dividend: SIX2's dividend (3.54%) is low compared to the top 25% of dividend payers in the German market (4.53%).


Stability and Growth of Payments

Stable Dividend: SIX2's dividend payments have been volatile in the past 10 years.

Growing Dividend: SIX2's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (55.5%), SIX2's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (52%), SIX2's dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

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

4.4yrs

Average management tenure


CEO

Alexander Sixt (42 yo)

7.33yrs

Tenure

Mr. Alexander Sixt serves as Joint Chairman of Managing Board and Co-CEO at Sixt SE since June 17, 2021. He served as the Chief Executive Officer at Sixt Ventures GmbH. Mr. Sixt has been a Member of Manage...


Leadership Team

Experienced Management: SIX2's management team is considered experienced (4.4 years average tenure).


Board Members

Experienced Board: SIX2's board of directors are not considered experienced ( 1 years average tenure), which suggests a new board.


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 SE's employee growth, exchange listings and data sources


Key Information

  • Name: Sixt SE
  • Ticker: SIX2
  • Exchange: XTRA
  • Founded: 1912
  • Industry: Trucking
  • Sector: Transportation
  • Implied Market Cap: €4.232b
  • Shares outstanding: 46.94m
  • Website: https://www.sixt.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/27 00:00
End of Day Share Price2022/06/27 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.