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Panalpina Welttransport (Holding)

DB:P6X
Snowflake Description

Excellent balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
P6X
DB
CHF5B
Market Cap
  1. Home
  2. DE
  3. Transportation
Company description

Panalpina Welttransport (Holding) AG provides air and ocean freight, and logistics services in the Americas, the Asia Pacific, Europe, the Middle East, Africa, and CIS. The last earnings update was 4 days ago. More info.


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P6X Share Price and Events
7 Day Returns
0%
DB:P6X
-0.2%
Europe Logistics
-0.7%
DE Market
1 Year Returns
73.5%
DB:P6X
-3%
Europe Logistics
-7.6%
DE Market
P6X Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Panalpina Welttransport (Holding) (P6X) 0% -1.2% 11.4% 73.5% 76.5% 89%
Europe Logistics -0.2% 2.6% -6.7% -3% 3.9% 0.3%
DE Market -0.7% -0.5% -3.8% -7.6% 8.3% 11.1%
1 Year Return vs Industry and Market
  • P6X outperformed the Logistics industry which returned -3% over the past year.
  • P6X outperformed the Market in Germany which returned -7.6% over the past year.
Price Volatility
P6X
Industry
5yr Volatility vs Market

Value

 Is Panalpina Welttransport (Holding) 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
Here we compare the current share price of Panalpina Welttransport (Holding) to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Panalpina Welttransport (Holding).

DB:P6X Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 13 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:P6X
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Logistics Unlevered Beta Simply Wall St/ S&P Global 1.01
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.014 (1 + (1- 18%) (8.33%))
1.056
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.06
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.056 * 5.96%)
6.52%

Discounted Cash Flow Calculation for DB:P6X using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Panalpina Welttransport (Holding) is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:P6X DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CHF, Millions) Source Present Value
Discounted (@ 6.52%)
2020 108.02 Analyst x6 101.40
2021 125.12 Analyst x5 110.27
2022 135.23 Analyst x3 111.88
2023 168.00 Analyst x2 130.48
2024 184.79 Est @ 10% 134.73
2025 197.85 Est @ 7.07% 135.42
2026 207.77 Est @ 5.01% 133.51
2027 215.21 Est @ 3.58% 129.82
2028 220.75 Est @ 2.57% 125.00
2029 224.88 Est @ 1.87% 119.54
Present value of next 10 years cash flows CHF1,232.05
DB:P6X DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CHF224.88 × (1 + 0.23%) ÷ (6.52% – 0.23%)
CHF3,580.63
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CHF3,580.63 ÷ (1 + 6.52%)10
CHF1,903.44
DB:P6X Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CHF1,232.05 + CHF1,903.44
CHF3,135.49
Equity Value per Share
(CHF)
= Total value / Shares Outstanding
= CHF3,135.49 / 23.75
CHF132.04
DB:P6X Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:P6X represents 0.90608x of SWX:PWTN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.90608x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CHF) x Listing Adjustment Factor
= CHF 132.04 x 0.90608
€119.64
Value per share (EUR) From above. €119.64
Current discount Discount to share price of €199.70
= -1 x (€199.70 - €119.64) / €119.64
-66.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Panalpina Welttransport (Holding) is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Panalpina Welttransport (Holding)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Panalpina Welttransport (Holding)'s earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:P6X PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in CHF CHF3.18
SWX:PWTN Share Price ** SWX (2019-06-28) in CHF CHF220.4
Europe Logistics Industry PE Ratio Median Figure of 18 Publicly-Listed Logistics Companies 16.48x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.75x

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

** Primary Listing of Panalpina Welttransport (Holding).

DB:P6X PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SWX:PWTN Share Price ÷ EPS (both in CHF)

= 220.4 ÷ 3.18

69.2x

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

  • Panalpina Welttransport (Holding) is overvalued based on earnings compared to the Europe Logistics industry average.
  • Panalpina Welttransport (Holding) is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Panalpina Welttransport (Holding)'s expected growth come at a high price?
Raw Data
DB:P6X PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 69.2x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts
11.3%per year
Europe Logistics Industry PEG Ratio Median Figure of 14 Publicly-Listed Logistics Companies 1.58x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

DB:P6X PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 69.2x ÷ 11.3%

6.14x

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

  • Panalpina Welttransport (Holding) is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Panalpina Welttransport (Holding)'s assets?
Raw Data
DB:P6X PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in CHF CHF24.72
SWX:PWTN Share Price * SWX (2019-06-28) in CHF CHF220.4
Europe Logistics Industry PB Ratio Median Figure of 25 Publicly-Listed Logistics Companies 2.22x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.71x
DB:P6X PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SWX:PWTN Share Price ÷ Book Value per Share (both in CHF)

= 220.4 ÷ 24.72

8.92x

* Primary Listing of Panalpina Welttransport (Holding).

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

  • Panalpina Welttransport (Holding) is overvalued based on assets compared to the Europe Logistics industry average.
X
Value checks
We assess Panalpina Welttransport (Holding)'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 Logistics 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 Logistics industry average (and greater than 0)? (1 check)
  5. Panalpina Welttransport (Holding) 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 Panalpina Welttransport (Holding) expected to perform in the next 1 to 3 years based on estimates from 13 analysts?

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
11.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Panalpina Welttransport (Holding) expected to grow at an attractive rate?
  • Panalpina Welttransport (Holding)'s earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Panalpina Welttransport (Holding)'s earnings growth is positive but not above the Germany market average.
  • Panalpina Welttransport (Holding)'s revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:P6X Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:P6X Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts 11.3%
DB:P6X Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts 3.5%
Europe Logistics Industry Earnings Growth Rate Market Cap Weighted Average 13.8%
Europe Logistics Industry Revenue Growth Rate Market Cap Weighted Average 2.6%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*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:P6X Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 weeks ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
All numbers in CHF Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:P6X Future Estimates Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 7,294 333 142 2
2022-12-31 6,814 263 131 3
2021-12-31 6,573 259 139 11
2020-12-31 6,392 220 124 13
2019-12-31 6,193 119 83 13
DB:P6X Past Financials Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income *
2019-06-30 6,083 175 76
2019-03-31 6,107 214 80
2018-12-31 6,036 125 78
2018-09-30 5,910 188 62
2018-06-30 5,817 165 65
2018-03-31 5,670 95 63
2017-12-31 5,533 67 59
2017-09-30 5,398 28 56
2017-06-30 5,232 35 62
2017-03-31 5,166 60 49
2016-12-31 5,196 111 54
2016-09-30 5,310 205 66

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Panalpina Welttransport (Holding)'s earnings are expected to grow by 11.3% yearly, however this is not considered high growth (20% yearly).
  • Panalpina Welttransport (Holding)'s revenue is expected to grow by 3.5% 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:P6X Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 weeks ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below

All data from Panalpina Welttransport (Holding) Company Filings, last reported 2 weeks ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:P6X Future Estimates Data
Date (Data in CHF Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 5.99 5.99 5.99 1.00
2022-12-31 5.53 5.70 5.36 2.00
2021-12-31 6.11 7.49 4.67 11.00
2020-12-31 5.37 6.18 4.30 14.00
2019-12-31 3.51 3.51 3.51 1.00
DB:P6X Past Financials Data
Date (Data in CHF Millions) EPS *
2019-06-30 3.18
2019-03-31 3.39
2018-12-31 3.29
2018-09-30 2.61
2018-06-30 2.75
2018-03-31 2.65
2017-12-31 2.48
2017-09-30 2.35
2017-06-30 2.62
2017-03-31 2.08
2016-12-31 2.29
2016-09-30 2.80

*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.
  • Panalpina Welttransport (Holding) is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Panalpina Welttransport (Holding)'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.
Panalpina Welttransport (Holding) has a total score of 2/6, 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 Panalpina Welttransport (Holding) performed over the past 5 years?

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 Panalpina Welttransport (Holding)'s growth in the last year to its industry (Logistics).
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.
  • Panalpina Welttransport (Holding)'s year on year earnings growth rate has been positive over the past 5 years.
  • Panalpina Welttransport (Holding)'s 1-year earnings growth exceeds its 5-year average (16% vs 3%)
  • Panalpina Welttransport (Holding)'s earnings growth has exceeded the Europe Logistics industry average in the past year (16% vs -13.6%).
Earnings and Revenue History
Panalpina Welttransport (Holding)'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 Panalpina Welttransport (Holding) Company Filings, last reported 2 weeks ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:P6X Past Revenue, Cash Flow and Net Income Data
Date (Data in CHF Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 6,082.81 75.61 932.23
2019-03-31 6,106.58 80.41 928.49
2018-12-31 6,035.71 78.04 932.00
2018-09-30 5,909.81 61.86 936.47
2018-06-30 5,817.19 65.19 926.18
2018-03-31 5,669.88 62.93 910.79
2017-12-31 5,532.78 58.81 897.21
2017-09-30 5,398.00 55.81 869.99
2017-06-30 5,231.59 62.24 864.37
2017-03-31 5,166.06 49.38 869.48
2016-12-31 5,196.02 54.30 878.12
2016-09-30 5,309.72 66.38 888.23
2016-06-30 5,510.60 64.86 901.07
2016-03-31 5,659.25 85.60 899.79
2015-12-31 5,855.45 87.53 904.55
2015-09-30 6,160.43 87.29 940.74
2015-06-30 6,418.01 87.91 955.10
2015-03-31 6,614.02 89.02 974.45
2014-12-31 6,707.11 87.24 985.11
2014-09-30 6,685.45 18.47 980.83
2014-06-30 6,660.08 17.77 984.17
2014-03-31 6,752.54 15.14 979.59
2013-12-31 6,757.63 11.86 968.38
2013-09-30 6,716.08 10.94 964.59
2013-06-30 6,737.18 -9.19 961.74
2013-03-31 6,678.34 -16.44 961.94
2012-12-31 6,616.63 -72.10 966.02
2012-09-30 6,576.54 8.24 1,063.31

*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.
  • Panalpina Welttransport (Holding) has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Panalpina Welttransport (Holding) used its assets less efficiently than the Europe Logistics industry average last year based on Return on Assets.
  • Panalpina Welttransport (Holding)'s use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Panalpina Welttransport (Holding)'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 Logistics 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.
Panalpina Welttransport (Holding) has a total score of 3/6, 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 Panalpina Welttransport (Holding)'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 Panalpina Welttransport (Holding)'s finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Panalpina Welttransport (Holding) is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Panalpina Welttransport (Holding)'s cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Panalpina Welttransport (Holding)'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 10.2x 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 Panalpina Welttransport (Holding) Company Filings, last reported 2 weeks ago.

DB:P6X Past Debt and Equity Data
Date (Data in CHF Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 591.66 153.70 319.45
2019-03-31 592.41 153.86 382.40
2018-12-31 571.16 155.96 293.57
2018-09-30 566.12 5.87 218.13
2018-06-30 564.03 5.25 206.74
2018-03-31 636.47 5.53 304.05
2017-12-31 614.30 5.84 314.25
2017-09-30 596.28 4.05 294.63
2017-06-30 567.52 2.31 248.67
2017-03-31 638.95 1.75 399.88
2016-12-31 616.97 2.30 389.98
2016-09-30 596.31 0.04 379.93
2016-06-30 570.24 0.10 337.31
2016-03-31 656.79 0.12 435.24
2015-12-31 653.31 0.05 394.48
2015-09-30 635.61 0.01 298.12
2015-06-30 617.65 0.51 255.77
2015-03-31 666.56 0.55 346.65
2014-12-31 733.15 0.35 375.00
2014-09-30 719.94 0.52 340.93
2014-06-30 700.89 0.49 224.16
2014-03-31 723.40 1.13 355.87
2013-12-31 709.18 2.83 345.30
2013-09-30 743.76 3.85 337.27
2013-06-30 739.01 2.47 332.71
2013-03-31 771.86 2.80 392.15
2012-12-31 742.75 1.40 396.01
2012-09-30 821.03 3.26 456.93
  • Panalpina Welttransport (Holding)'s level of debt (26%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0.1% vs 26% today).
  • Debt is well covered by operating cash flow (114.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 31.9x coverage).
X
Financial health checks
We assess Panalpina Welttransport (Holding)'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. Panalpina Welttransport (Holding) has a total score of 5/6, 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 Panalpina Welttransport (Holding)'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
1.7%
Current annual income from Panalpina Welttransport (Holding) dividends. Estimated to be 2.02% next year.
If you bought €2,000 of Panalpina Welttransport (Holding) shares you are expected to receive €34 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?
  • Panalpina Welttransport (Holding)'s pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.48%).
  • Panalpina Welttransport (Holding)'s dividend is below the markets top 25% of dividend payers in Germany (3.92%).
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:P6X 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 13 Analyst Estimates (S&P Global) See Below
Europe Logistics Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 3.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:P6X Future Dividends Estimate Data
Date (Data in CHF) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 4.25 1.00
2022-12-31 5.18 2.00
2021-12-31 4.88 11.00
2020-12-31 4.41 13.00
2019-12-31 3.99 12.00
DB:P6X Past Annualized Dividends Data
Date (Data in CHF) Dividend per share (annual) Avg. Yield (%)
2019-02-28 3.750 1.886
2018-03-07 3.750 2.772
2017-03-02 3.750 2.777
2016-02-29 3.500 2.882
2016-02-26 3.500 3.731
2015-03-04 2.750 2.350
2014-03-06 2.200 1.692
2014-03-05 2.200 1.555
2013-03-06 2.000 1.681
2012-08-02 2.000 2.172
2012-07-31 2.000 2.130
2012-03-08 2.000 2.218
2010-11-05 0.000 0.000
2010-11-04 0.000 0.000
2010-08-04 0.000 0.000
2010-04-29 0.000 0.000
2010-01-15 0.000 0.000
2010-01-04 0.000 0.000
2009-03-02 1.900 2.715

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Panalpina Welttransport (Holding)'s earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
X
Income/ dividend checks
We assess Panalpina Welttransport (Holding)'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 Panalpina Welttransport (Holding) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Panalpina Welttransport (Holding) has a total score of 3/6, 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 Panalpina Welttransport (Holding)'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
Stefan Karlen
COMPENSATION CHF2,807,000
AGE 46
TENURE AS CEO 2.8 years
CEO Bio

Mr. Stefan Karlen has been Chief Executive Officer, President and Member of Executive Board at Panalpina World Transport Holding Ltd. since September 1, 2016. Mr. Karlen served as Regional Chief Executive Officer of Asia Pacific at Panalpina World Transport Holding Ltd. since January 2013 until September 1, 2016. Mr. Karlen joined Panalpina in 1997 and held several management positions in Europe and Asia; in his last position he was responsible for Panalpina's Area Southeast Asia comprising Singapore, Malaysia, Indonesia, Philippines, Thailand and Vietnam.

CEO Compensation
  • Stefan's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Stefan's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Panalpina Welttransport (Holding) management team in years:

3.3
Average Tenure
52
Average Age
  • The tenure for the Panalpina Welttransport (Holding) management team is about average.
Management Team

Stefan Karlen

TITLE
CEO, President & Member of Executive Board
COMPENSATION
CHF3M
AGE
46
TENURE
2.8 yrs

Robert Erni

TITLE
CFO & Member of the Executive Board
AGE
53
TENURE
6.5 yrs

Christoph Hess

TITLE
Chief Legal Officer
AGE
64
TENURE
12.8 yrs

Karl Weyeneth

TITLE
Chief Commercial Officer & Member of Executive Board
AGE
55
TENURE
11.3 yrs

Karsten Breum

TITLE
Chief Human Resources Officer & Member of the Executive Board
AGE
47
TENURE
5.1 yrs

Ralf Morawietz

TITLE
Chief Information Officer & Member of Executive Board
AGE
52
TENURE
3.8 yrs

Lucas Kuehner

TITLE
Global Head of Air Freight & Member of Executive Board
AGE
47
TENURE
0.5 yrs

Peder Winther

TITLE
Global Head of Ocean Freight & Member of the Executive Board
TENURE
0.5 yrs

Emilio Rubio

TITLE
Corporate Risk
TENURE
0.8 yrs

Edna Ayme-Yahil

TITLE
Corporate Head of Marketing & Communications
TENURE
1 yrs
Board of Directors Tenure

Average tenure and age of the Panalpina Welttransport (Holding) board of directors in years:

3.2
Average Tenure
56
Average Age
  • The tenure for the Panalpina Welttransport (Holding) board of directors is about average.
Board of Directors

Thomas Kern

TITLE
Chairman of the Board
COMPENSATION
CHF217K
AGE
66
TENURE
0.5 yrs

Beat Walti

TITLE
Vice Chairman of the Board
COMPENSATION
CHF219K
AGE
51

Ilias Läber

TITLE
Director
COMPENSATION
CHF219K
AGE
45
TENURE
6.2 yrs

Sandra Emme

TITLE
Director
COMPENSATION
CHF97K
AGE
47
TENURE
1.5 yrs

Knud Elmholdt Stubkjær

TITLE
Director
COMPENSATION
CHF204K
AGE
63
TENURE
8.2 yrs

Pamela Knapp

TITLE
Director
COMPENSATION
CHF200K
AGE
61
TENURE
4.2 yrs

Dirk Reich

TITLE
Director
COMPENSATION
CHF219K
AGE
56
TENURE
2.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Panalpina Welttransport (Holding)'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. Panalpina Welttransport (Holding) 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

Panalpina Welttransport (Holding) AG provides air and ocean freight, and logistics services in the Americas, the Asia Pacific, Europe, the Middle East, Africa, and CIS. The company’s air freight services include general, special, express, and intermodal services; and charter and emergency services, as well as virtual cargo airline and e-freight services. It also provides ocean freight products, such as full container load, less-than-container load, and non-containerized load products, as well as various services, such as dangerous goods handling, temperature controlled transportation, cargo insurance, letter of credit processing, certification and legalization of documents, food and drug administration filing, and advanced cargo information filing. In addition, the company offers logistics and manufacturing services comprising manufacturing assembly and testing, technical distribution, installation, and product life cycle extension services that include repair, reconfiguration, and reselling; and 3D printing, demand-driven inventory dispositioning, and end-to-end e-commerce solutions, as well as inbound, distribution, finished goods, aftermarket, reverse logistics, warehousing, and other value added logistics services. Further, it provides energy and project solutions that include planning, transport engineering, route and site survey, marine and cargo charter, carrier, and origin and destination services; and supply chain solutions comprising planning, sourcing, making, delivering, and returning services. Additionally, the company offers full and less than truck load, and consolidation road services; and rail, cargo security, and business implementation services. It serves the automotive, chemical, consumer and retail, energy, fashion, government, aid and relief, healthcare, hi-tech, manufacturing, perishable product, and telecommunication industries. The company was founded in 1895 and is headquartered in Basel, Switzerland.

Details
Name: Panalpina Welttransport (Holding) AG
P6X
Exchange: DB
Founded: 1895
CHF4,748,173,115
23,745,884
Website: http://www.panalpina.com
Address: Panalpina Welttransport (Holding) AG
Viaduktstrasse 42,
Basel,
Basel-Stadt, 4002,
Switzerland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SWX PWTN Registered Shares SIX Swiss Exchange CH CHF 22. Sep 2005
OTCPK PLWT.F Registered Shares Pink Sheets LLC US USD 22. Sep 2005
DB P6X Registered Shares Deutsche Boerse AG DE EUR 22. Sep 2005
LSE 0QPT Registered Shares London Stock Exchange GB CHF 22. Sep 2005
OTCPK PLWT.Y UNSPONSORD ADR Pink Sheets LLC US USD 30. May 2012
SWX PWTNE CHF0.10(ASD 02/10/19 DSV SHS) SIX Swiss Exchange CH CHF 27. May 2019
Number of employees
Current staff
Staff numbers
14,847
Panalpina Welttransport (Holding) employees.
Industry
Air Freight and Logistics
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/20 20:55
End of day share price update: 2019/06/28 00:00
Last estimates confirmation: 2019/07/18
Last earnings filing: 2019/07/16
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


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.