DB:SIX2

Stock Analysis Report

Executive Summary

Sixt SE, through its subsidiaries, provides mobility services for private and business customers worldwide.

Snowflake

Fundamentals

Average dividend payer with mediocre balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

3.0%

DB:SIX2

2.6%

DE Transportation

1.8%

DE Market


1 Year Return

-12.3%

DB:SIX2

-9.9%

DE Transportation

-3.5%

DE Market

SIX2 underperformed the Transportation industry which returned -10% over the past year.

SIX2 underperformed the Market in Germany which returned -3.5% over the past year.


Share holder returns

SIX2IndustryMarket
7 Day3.0%2.6%1.8%
30 Day21.7%14.8%8.6%
90 Day4.5%3.3%3.3%
1 Year-10.1%-12.3%-7.8%-9.9%-0.5%-3.5%
3 Year111.4%91.8%64.9%52.8%20.6%10.3%
5 Year303.6%245.3%124.7%95.3%30.7%12.8%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Sixt undervalued based on future cash flows and its price relative to the stock market?

19.01x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Sixt's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Sixt's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Sixt is overvalued based on earnings compared to the Europe Transportation industry average.

Sixt is good value based on earnings compared to the Germany market.


Price Based on Expected Growth

Sixt is poor value based on expected growth next year.


Price Based on Value of Assets

Sixt is overvalued based on assets compared to the DE Transportation industry average.


Next Steps

Future Growth

How is Sixt expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

7.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Sixt's revenue is expected to grow by 8% yearly, however this is not considered high growth (20% yearly).

Sixt's earnings are expected to grow by 7.2% yearly, however this is not considered high growth (20% yearly).

Sixt's revenue growth is expected to exceed the Germany market average.

Sixt's earnings growth is positive but not above the Germany market average.

Sixt's earnings growth is expected to exceed the low risk savings rate of 0.2%.


Earnings per Share Growth Estimates


Future Return on Equity

Sixt is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Sixt performed over the past 5 years?

29.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Sixt has delivered over 20% year on year earnings growth in the past 5 years.

Sixt's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Sixt's 1-year earnings growth is negative, it can't be compared to the Europe Transportation industry average.


Return on Equity

Sixt has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Sixt used its assets less efficiently than the Europe Transportation industry average last year based on Return on Assets.


Return on Capital Employed

Sixt's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Sixt's financial position?


Financial Position Analysis

Sixt is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Sixt's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Sixt's level of debt (254.4%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (209.1% vs 254.4% today).

Operating cash flow is negative therefore debt is not well covered.

Interest payments on debt are well covered by earnings (EBIT is 10.2x coverage).


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 1.4x debt.


Next Steps

Dividend

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

2.61%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Sixt's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.4%).

Sixt's dividend is below the markets top 25% of dividend payers in Germany (3.85%).

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

Dividends paid are well covered by earnings (2.3x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (2.1x coverage).


Next Steps

Management

What is the CEO of Sixt's salary, the management and board of directors tenure and is there insider trading?

4.6yrs

Average management tenure


CEO

Erich Sixt (75yo)

0yrs

Tenure

0

Mr. Erich Sixt serves as the Chairman of the Board of Managing Board and Chief Executive Officer at Sixt Societas Europaea. Mr. Sixt serves as a Managing Director of Sixt GmbH & Co. Autovermietung KG. He h ...


Management Age and Tenure

4.6yrs

Average Tenure

42yo

Average Age

The tenure for the Sixt management team is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Erich Sixt (75yo)

    Chairman of The Managing Board

    • Tenure: 0yrs
  • Detlev Pätsch (68yo)

    COO & Member of The Managing Board

    • Tenure: 26.7yrs
  • Konstantin Sixt (37yo)

    Chief Sales Officer & Member of Managing Board

    • Tenure: 4.6yrs
  • Alexander Sixt (40yo)

    Chief Organisation/Strategy Officer & Member of The Managing Board

    • Tenure: 4.6yrs
  • Vinzenz Pflanz

    Senior Vice President Group Sales

    • Tenure: 0yrs
  • Jörg Bremer (42yo)

    CFO & Member of The Managing Bard

    • Tenure: 0.8yrs

Board Members

  • Ralf Teckentrup (62yo)

    Deputy Chairman of The Supervisory Board

    • Tenure: 0yrs
  • Fritz Joussen (56yo)

    Chairman of Supervisory Board

    • Tenure: 2.3yrs
  • Daniel Terberger

    Member of Supervisory Board

    • Tenure: 7.1yrs

Company Information

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


Key Information

  • Name: Sixt SE
  • Ticker: SIX2
  • Exchange: DB
  • Founded: 1912
  • Industry: Trucking
  • Sector: Transportation
  • Market Cap: €3.908b
  • Shares outstanding: 46.94m
  • Website: https://about.sixt.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SIX2DB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
SIX2WBAG (Wiener Boerse AG)YesOrdinary SharesATEURJan 1992
SIX2XTRA (XETRA Trading Platform)YesOrdinary SharesDEEURJan 1992
SIX2SWX (SIX Swiss Exchange)YesOrdinary SharesCHCHFJan 1992
0NW7LSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1992
SIX2DBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 1992
SIXG.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
SIX3DB (Deutsche Boerse AG)Non-Voting Preference SharesDEEURAug 1997
SIX3DBATS-CHIXE (BATS 'Chi-X Europe')Non-Voting Preference SharesGBEURAug 1997
SIX3XTRA (XETRA Trading Platform)Non-Voting Preference SharesDEEURAug 1997
0NW8LSE (London Stock Exchange)Non-Voting Preference SharesGBEURAug 1997

Biography

Sixt SE, through its subsidiaries, provides mobility services for private and business customers worldwide. It operates in two segments, Vehicle Rental and Leasing. The Vehicle Rental segment rents various ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/14 20:50
End of Day Share Price2019/09/13 00:00
Earnings2019/06/30
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.