DB:SIX2

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Excellent balance sheet with reasonable growth potential.


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

Stable Share Price: SIX2 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-12.5%

SIX2

-6.6%

DE Transportation

-3.5%

DE Market


1 Year Return

-19.9%

SIX2

-36.3%

DE Transportation

4.2%

DE Market

Return vs Industry: SIX2 exceeded the German Transportation industry which returned -34.7% over the past year.

Return vs Market: SIX2 underperformed the German Market which returned 4.2% over the past year.


Shareholder returns

SIX2IndustryMarket
7 Day-12.5%-6.6%-3.5%
30 Day-9.6%-3.4%-2.7%
90 Day2.3%-3.7%3.2%
1 Year-19.9%-19.9%-34.3%-36.3%6.7%4.2%
3 Year11.5%4.4%-28.1%-35.5%1.7%-6.6%
5 Year79.0%57.8%-2.3%-15.4%34.3%15.9%

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 compared to its fair value and its price relative to the market?

236.67x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SIX2 (€72) is trading above our estimate of fair value (€22.16)

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


Price To Earnings Ratio

PE vs Industry: SIX2 is poor value based on its PE Ratio (244.3x) compared to the XE Transportation industry average (11.7x).

PE vs Market: SIX2 is poor value based on its PE Ratio (244.3x) compared to the German market (21.6x).


Price to Earnings Growth Ratio

PEG Ratio: SIX2 is poor value based on its PEG Ratio (2.8x)


Price to Book Ratio

PB vs Industry: SIX2 is overvalued based on its PB Ratio (2.5x) compared to the XE Transportation industry average (0.9x).


Next Steps

Future Growth

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

88.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SIX2's forecast earnings growth (85.8% per year) is above the savings rate (0.2%).

Earnings vs Market: SIX2's earnings (85.8% per year) are forecast to grow faster than the German market (27.6% per year).

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

Revenue vs Market: SIX2's revenue (17.2% per year) is forecast to grow faster than the German market (6.1% per year).

High Growth Revenue: SIX2's revenue (17.2% 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 (13.5%).


Next Steps

Past Performance

How has Sixt performed over the past 5 years?

13.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SIX2 has high quality earnings.

Growing Profit Margin: SIX2's current net profit margins (0.5%) are lower than last year (8.2%).


Past Earnings Growth Analysis

Earnings Trend: SIX2's earnings have grown by 13.3% per year over the past 5 years.

Accelerating Growth: SIX2's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: SIX2 had negative earnings growth (-93.8%) over the past year, making it difficult to compare to the Transportation industry average (-22.5%).


Return on Equity

High ROE: SIX2's Return on Equity (3.6%) is considered low.


Next Steps

Financial Health

How is Sixt's financial position?


Financial Position Analysis

Short Term Liabilities: SIX2's short term assets (€5.7B) exceed its short term liabilities (€2.9B).

Long Term Liabilities: SIX2's short term assets (€5.7B) exceed its long term liabilities (€1.9B).


Debt to Equity History and Analysis

Debt Level: SIX2's debt to equity ratio (142.3%) is considered high.

Reducing Debt: SIX2's debt to equity ratio has reduced from 176.1% to 142.3% over the past 5 years.

Debt Coverage: SIX2's debt is well covered by operating cash flow (67.4%).

Interest Coverage: SIX2's interest payments on its debt are well covered by EBIT (3.8x coverage).


Balance Sheet


Next Steps

Dividend

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

1.91%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate SIX2's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate SIX2's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SIX2's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SIX2's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: SIX2 is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SIX2's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

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

5.6yrs

Average management tenure


CEO

Erich Sixt (76 yo)

no data

Tenure

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 ...


Leadership Team

NamePositionTenureCompensationOwnership
Erich Sixt
Chairman of the Managing Board & CEOno datano datano data
Jörg Bremer
CFO & Member of The Managing Bard1.83yrsno datano data
Detlev Pätsch
COO & Member of The Managing Board27.67yrsno datano data
Alexander Sixt
Chief Organization/Strategy Officer & Member of the Managing Board5.58yrsno datano data
Konstantin Sixt
Chief Sales Officer & Member of Managing Board5.58yrsno datano data
Vinzenz Pflanz
Senior Vice President Group Salesno datano datano data

5.6yrs

Average Tenure

43yo

Average Age

Experienced Management: SIX2's management team is seasoned and experienced (5.6 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

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: €2.806b
  • Shares outstanding: 46.94m
  • Website: https://www.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
SIX2XTRA (XETRA Trading Platform)YesOrdinary SharesDEEURJan 1992
0NW7LSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1992
SIXG.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
SIX2DBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 1992
SIX2SWX (SIX Swiss Exchange)YesOrdinary SharesCHCHFJan 1992
SIX2WBAG (Wiener Boerse AG)YesOrdinary SharesATEURJan 1992
SIX2ETLX (Eurotlx)YesOrdinary SharesITEURJan 1992
SIX3DB (Deutsche Boerse AG)Non-Voting Preference SharesDEEURAug 1997
SIX3XTRA (XETRA Trading Platform)Non-Voting Preference SharesDEEURAug 1997
0NW8LSE (London Stock Exchange)Non-Voting Preference SharesGBEURAug 1997
SIX3DBATS-CHIXE (BATS 'Chi-X Europe')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, Mobility and Leasing. The Mobility segment rents various utility veh ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/25 02:47
End of Day Share Price2020/09/24 00:00
Earnings2020/06/30
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.