DB:BLH

Stock Analysis Report

Bremer Lagerhaus Gesellschaft von 1877

Executive Summary

Bremer Lagerhaus Gesellschaft Aktiengesellschaft von 1877 provides seaport-oriented logistics services worldwide.


Snowflake Analysis

Average dividend payer with imperfect balance sheet.

Share Price & News

How has Bremer Lagerhaus Gesellschaft von 1877's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-7.1%

BLH

1.7%

DE Infrastructure

-0.2%

DE Market


1 Year Return

4.0%

BLH

1.0%

DE Infrastructure

13.7%

DE Market

Return vs Industry: BLH exceeded the German Infrastructure industry which returned 1.1% over the past year.

Return vs Market: BLH underperformed the German Market which returned 14.4% over the past year.


Shareholder returns

BLHIndustryMarket
7 Day-7.1%1.7%-0.2%
30 Day-3.0%-1.8%0.3%
90 Day4.0%-9.8%3.7%
1 Year7.5%4.0%4.1%1.0%17.2%13.7%
3 Year-22.7%-29.3%23.5%14.5%15.4%5.3%
5 Year16.8%0.8%10.2%-0.9%21.3%4.7%

Price Volatility Vs. Market

How volatile is Bremer Lagerhaus Gesellschaft von 1877's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Bremer Lagerhaus Gesellschaft von 1877 undervalued compared to its fair value and its price relative to the market?

19.65x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BLH (€13) is trading above our estimate of fair value (€0.36)

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


Price To Earnings Ratio

PE vs Industry: BLH is poor value based on its PE Ratio (19.6x) compared to the Infrastructure industry average (17.5x).

PE vs Market: BLH is good value based on its PE Ratio (19.6x) compared to the German market (20.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BLH's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BLH is overvalued based on its PB Ratio (2.4x) compared to the DE Infrastructure industry average (1.5x).


Next Steps

Future Growth

How is Bremer Lagerhaus Gesellschaft von 1877 forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

6.7%

Forecasted Transportation industry annual growth in earnings


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 Bremer Lagerhaus Gesellschaft von 1877 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 SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Bremer Lagerhaus Gesellschaft von 1877 performed over the past 5 years?

9.8%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: BLH has a large one-off gain of €23.8M impacting its December 31 2018 financial results.

Growing Profit Margin: BLH's current net profit margins (0.2%) are higher than last year (0.2%).


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if BLH's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Insufficient data to compare BLH's past year earnings growth to its 5-year average.

Earnings vs Industry: BLH earnings growth over the past year (9.8%) underperformed the Infrastructure industry 12.1%.


Return on Equity

High ROE: BLH's Return on Equity (13.9%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Bremer Lagerhaus Gesellschaft von 1877's financial position?


Financial Position Analysis

Short Term Liabilities: BLH's short term assets (€285.3M) do not cover its short term liabilities (€305.7M).

Long Term Liabilities: BLH's short term assets (€285.3M) exceed its long term liabilities (€171.5M).


Debt to Equity History and Analysis

Debt Level: BLH's debt to equity ratio (77%) is considered high.

Reducing Debt: BLH's debt to equity ratio has reduced from 108.8% to 77% over the past 5 years.

Debt Coverage: BLH's debt is not well covered by operating cash flow (12.1%).

Interest Coverage: Insufficient data to determine if BLH's interest payments on its debt are well covered by EBIT.


Balance Sheet

Inventory Level: BLH has a high level of physical assets or inventory.

Debt Coverage by Assets: BLH's debt is covered by short term assets (assets are 1.5x debt).


Next Steps

Dividend

What is Bremer Lagerhaus Gesellschaft von 1877's current dividend yield, its reliability and sustainability?

3.46%

Current Dividend Yield


Dividend Yield vs Market

company3.5%marketbottom25%1.3%markettop25%3.7%industryaverage4.0%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: BLH's dividend (3.46%) is higher than the bottom 25% of dividend payers in the German market (1.32%).

High Dividend: BLH's dividend (3.46%) is low compared to the top 25% of dividend payers in the German market (3.63%).


Stability and Growth of Payments

Stable Dividend: BLH's dividends per share have been stable in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (68%), BLH's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

5.7yrs

Average management tenure


CEO

Frank Dreeke (60yo)

6.7yrs

Tenure

€1,400,000

Compensation

Mr. Frank Dreeke has been the Chairman of Management Board at BLG Logistics Group AG & Co. KG since June 01, 2013 and has been its Member of Management Board since January 2013. Mr. Dreeke has been a Membe ...


CEO Compensation Analysis

Compensation vs Market: Frank's total compensation ($USD1.51M) is above average for companies of similar size in the German market ($USD412.57K).

Compensation vs Earnings: Frank's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Frank Dreeke
Chairman of the Board of Management6.7yrs€1.40mno data
Jens Bieniek
CFO & Member of the Board of Management7.3yrs€801.00kno data
Dieter Schumacher
Industrial Relations Director & Member of the Board of Management4.8yrs€1.37mno data
Michael Blach
Member of the Board of Management6.7yrs€964.00kno data
Jens Wollesen
Member of the Board of Management3.6yrs€836.00kno data
Andrea Eck
Member of the Board of Management Board3.1yrs€651.00kno data
Marco Tschöpe
Head of Investor Relations0yrsno datano data

5.7yrs

Average Tenure

55.5yo

Average Age

Experienced Management: BLH's management team is seasoned and experienced (5.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Klaus Meier
Chairman of the Supervisory Board1.8yrs€11.00kno data
Dieter Strerath
Member of Supervisory Board8.9yrsno datano data
Tim Nesemann
Member of Supervisory Board8.8yrsno datano data
Karoline Linnert
Member of Supervisory Board12.4yrs€21.00kno data
Patrick Wendisch
Member of Supervisory Board11.7yrsno datano data
Karl-Heinz Dammann
Member of Supervisory Board10.6yrs€22.00kno data
Martin Günthner
Member of Supervisory Board9.8yrsno datano data
Melf Grantz
Member of Supervisory Board8.9yrsno datano data
Christine Behle
Vice-Chairwoman of the Supervisory Board6.8yrsno datano data
Reiner Thau
Member of Supervisory Board6.3yrs€19.00kno data

8.9yrs

Average Tenure

51yo

Average Age

Experienced Board: BLH's board of directors are considered experienced (8.9 years average tenure).


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

Bremer Lagerhaus Gesellschaft Aktiengesellschaft von 1877's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bremer Lagerhaus Gesellschaft Aktiengesellschaft von 1877
  • Ticker: BLH
  • Exchange: DB
  • Founded: 1877
  • Industry: Marine Ports and Services
  • Sector: Transportation
  • Market Cap: €49.920m
  • Shares outstanding: 3.84m
  • Website: https://www.blg.de

Number of Employees


Location

  • Bremer Lagerhaus Gesellschaft Aktiengesellschaft von 1877
  • Präsident-Kennedy-Platz 1
  • Bremen
  • 28203
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BLHDB (Deutsche Boerse AG)YesRegistered SharesDEEURJan 2007

Biography

Bremer Lagerhaus Gesellschaft Aktiengesellschaft von 1877 provides seaport-oriented logistics services worldwide. Its Automobile division offers port handling of project cargo and conventional goods, and logistical services for producers of wind turbines; car terminals; passenger car handling and warehouse logistics; and terminal logistics services, such as pre-delivery inspection, special installations, conversions, and preparation of newer used vehicles, as well as serves as hub and export port. This division also provides handling, storage, and treatment of paper and forest products, pipes, sheet metals, and project cargo; handling of other heavy or bulky goods, including agricultural machinery, buses and trucks, transformers, and locomotives and wagons; logistic services for wind energy; and transport services by road, rail, and inland waterways. The company’s Contract division offers procurement logistics of the suppliers and supply of production lines; consolidation, processing, packaging, and shipping for supplying production plants; complex system services; supply and disposal of production lines, on-site logistics, empties management, and complex assemblies; BLG offers handling and storage of refrigerated and frozen goods; trade and distribution logistics; and forwarding services. This division also designs, implements, manages, and executes logistics processes for retail companies. The company’s Container division provides container handling services comprising cargo-modal services, such as storage, customs clearance, distribution logistics, and supply chain management; and intermodal services, including transporting sea containers to and from the terminals, repairs, warehousing, intermodal freight services, technical services, and trading of containers. Bremer Lagerhaus Gesellschaft Aktiengesellschaft von 1877 was founded in 1877 and is headquartered in Bremen, Germany. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/20 21:38
End of Day Share Price2020/02/20 00:00
Earnings2018/12/31
Annual Earnings2018/12/31


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.