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Ansaldo STS

DB:W9X
Snowflake Description

Flawless balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
W9X
DB
€3B
Market Cap
  1. Home
  2. DE
  3. Transportation
Company description

Ansaldo STS S.p.A. operates as a contractor, system integrator, and supplier of mass transportation projects for metro and urban railways. The last earnings update was 85 days ago. More info.


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W9X Share Price and Events
7 Day Returns
0.6%
DB:W9X
3.1%
DE Infrastructure
1.3%
DE Market
1 Year Returns
4.6%
DB:W9X
-26.2%
DE Infrastructure
-16.2%
DE Market
W9X Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ansaldo STS (W9X) 0.6% 0.2% 0.3% 4.6% 30% 72.8%
DE Infrastructure 3.1% 9.7% 1.4% -26.2% 3% 4.3%
DE Market 1.3% 5.9% -2.1% -16.2% 10% 10.6%
1 Year Return vs Industry and Market
  • W9X outperformed the Infrastructure industry which returned -26.2% over the past year.
  • W9X outperformed the Market in Germany which returned -16.2% over the past year.
Price Volatility
W9X
Industry
5yr Volatility vs Market

W9X Value

 Is Ansaldo STS 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 Ansaldo STS 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 Ansaldo STS.

DB:W9X Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8%
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:W9X
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 9.8%
Infrastructure Unlevered Beta Simply Wall St/ S&P Global 0.49
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.494 (1 + (1- 24%) (0.01%))
0.494
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.8 * 9.77%)
8.05%

Discounted Cash Flow Calculation for DB:W9X using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Ansaldo STS is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:W9X DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (EUR, Millions) 49.00 62.00 63.34 64.70 66.10
Source Analyst x1 Analyst x1 Est @ 2.16% Est @ 2.16% Est @ 2.16%
Present Value
Discounted (@ 8.05%)
45.35 53.11 50.21 47.48 44.89
Present value of next 5 years cash flows €241.04
DB:W9X DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= €66.10 × (1 + 0.23%) ÷ (8.05% – 0.23%)
€847.40
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= €847.40 ÷ (1 + 8.05%)5
€575.51
DB:W9X Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= €241.04 + €575.51
€816.55
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €816.55 / 200.00
€4.06
DB:W9X Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:W9X represents 0.99527x of BIT:STS
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99527x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 4.08 x 0.99527
€4.06
Value per share (EUR) From above. €4.06
Current discount Discount to share price of €12.62
= -1 x (€12.62 - €4.06) / €4.06
-210.6%

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

  • The current share price of Ansaldo STS 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 Ansaldo STS's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ansaldo STS's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:W9X PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in EUR €0.32
BIT:STS Share Price ** BIT (2019-01-25) in EUR €12.68
Europe Infrastructure Industry PE Ratio Median Figure of 31 Publicly-Listed Infrastructure Companies 18.52x
Germany Market PE Ratio Median Figure of 419 Publicly-Listed Companies 17.85x

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

** Primary Listing of Ansaldo STS.

DB:W9X PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BIT:STS Share Price ÷ EPS (both in EUR)

= 12.68 ÷ 0.32

39.34x

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

  • Ansaldo STS is overvalued based on earnings compared to the Europe Infrastructure industry average.
  • Ansaldo STS is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Ansaldo STS's expected growth come at a high price?
Raw Data
DB:W9X PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 39.34x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
18.3%per year
Europe Infrastructure Industry PEG Ratio Median Figure of 19 Publicly-Listed Infrastructure Companies 2.15x
Germany Market PEG Ratio Median Figure of 276 Publicly-Listed Companies 1.42x

*Line of best fit is calculated by linear regression .

DB:W9X PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 39.34x ÷ 18.3%

2.15x

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

  • Ansaldo STS is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Ansaldo STS's assets?
Raw Data
DB:W9X PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in EUR €3.78
BIT:STS Share Price * BIT (2019-01-25) in EUR €12.68
Germany Infrastructure Industry PB Ratio Median Figure of 5 Publicly-Listed Infrastructure Companies 1.56x
Germany Market PB Ratio Median Figure of 568 Publicly-Listed Companies 1.78x
DB:W9X PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BIT:STS Share Price ÷ Book Value per Share (both in EUR)

= 12.68 ÷ 3.78

3.35x

* Primary Listing of Ansaldo STS.

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

  • Ansaldo STS is overvalued based on assets compared to the DE Infrastructure industry average.
X
Value checks
We assess Ansaldo STS'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 Infrastructure 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 Infrastructure industry average (and greater than 0)? (1 check)
  5. Ansaldo STS 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.

W9X Future Performance

 How is Ansaldo STS expected to perform in the next 1 to 3 years based on estimates from 2 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
18.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ansaldo STS expected to grow at an attractive rate?
  • Ansaldo STS's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Ansaldo STS's earnings growth is expected to exceed the Germany market average.
  • Ansaldo STS's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:W9X Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:W9X Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 18.3%
DB:W9X Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 3.9%
Europe Infrastructure Industry Earnings Growth Rate Market Cap Weighted Average 7.3%
Europe Infrastructure Industry Revenue Growth Rate Market Cap Weighted Average 4.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 9.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*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:W9X Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:W9X Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 1,531 127 109 1
2019-12-31 1,460 110 92 2
2018-12-31 1,412 101 83 2
DB:W9X Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-09-30 1,400 40 64
2018-06-30 1,385 94 63
2018-03-31 1,380 39 67
2017-12-31 1,361 50 65
2017-09-30 1,372 36 94
2017-06-30 1,361 18 94
2017-03-31 1,336 51 78
2016-12-31 1,328 54 78
2016-09-30 1,332 65 123
2016-06-30 1,354 66 125
2016-03-31 1,391 46 139
2015-12-31 1,384 102 137

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Ansaldo STS's earnings are expected to grow by 18.3% yearly, however this is not considered high growth (20% yearly).
  • Ansaldo STS's revenue is expected to grow by 3.9% 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:W9X Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Ansaldo STS Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:W9X Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.55 0.55 0.55 1.00
2019-12-31 0.46 0.46 0.46 2.00
2018-12-31 0.41 0.42 0.41 2.00
DB:W9X Past Financials Data
Date (Data in EUR Millions) EPS *
2018-09-30 0.32
2018-06-30 0.32
2018-03-31 0.33
2017-12-31 0.32
2017-09-30 0.47
2017-06-30 0.47
2017-03-31 0.39
2016-12-31 0.39
2016-09-30 0.62
2016-06-30 0.62
2016-03-31 0.69
2015-12-31 0.68

*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.
  • Ansaldo STS is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Ansaldo STS'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.
Ansaldo STS 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.

W9X Past Performance

  How has Ansaldo STS 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 Ansaldo STS's growth in the last year to its industry (Infrastructure).
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.
  • Ansaldo STS's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Ansaldo STS's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Ansaldo STS's 1-year earnings growth is negative, it can't be compared to the Europe Infrastructure industry average.
Earnings and Revenue History
Ansaldo STS'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 Ansaldo STS Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:W9X Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 1,399.89 64.46 335.90
2018-06-30 1,385.34 63.42 333.46
2018-03-31 1,380.46 66.51 333.59
2017-12-31 1,361.13 64.98 333.28
2017-09-30 1,372.10 93.77 340.35
2017-06-30 1,360.71 93.52 338.63
2017-03-31 1,335.54 78.23 334.55
2016-12-31 1,327.68 77.97 332.60
2016-09-30 1,332.00 123.12 326.59
2016-06-30 1,354.43 124.81 327.04
2016-03-31 1,390.86 138.90 327.10
2015-12-31 1,384.13 136.90 322.20
2015-09-30 1,385.98 89.21 320.41
2015-06-30 1,355.16 83.77 318.83
2015-03-31 1,325.25 84.39 314.24
2014-12-31 1,303.95 80.64 311.09
2014-09-30 1,263.09 74.93 305.44
2014-06-30 1,250.50 78.93 299.81
2014-03-31 1,256.45 76.86 303.84
2013-12-31 1,241.24 74.96 303.57
2013-09-30 1,228.97 81.04 298.74
2013-06-30 1,260.68 78.14 307.06
2013-03-31 1,248.54 75.58 301.54
2012-12-31 1,261.78 75.67 306.08
2012-09-30 1,252.27 69.89 310.86
2012-06-30 1,218.48 70.75 303.73
2012-03-31 1,197.79 69.78 301.83

*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.
  • Ansaldo STS has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Ansaldo STS used its assets less efficiently than the Europe Infrastructure industry average last year based on Return on Assets.
  • Ansaldo STS's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Ansaldo STS'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 Infrastructure 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.
Ansaldo STS has a total score of 0/6, 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.

W9X Health

 How is Ansaldo STS'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 Ansaldo STS's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Ansaldo STS is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Ansaldo STS's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Ansaldo STS'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 6095.2x 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 Ansaldo STS Company Filings, last reported 4 months ago.

DB:W9X Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 755.90 0.28 282.97
2018-06-30 746.60 1.64 350.42
2018-03-31 720.52 1.32 302.48
2017-12-31 728.99 0.42 327.33
2017-09-30 734.22 4.22 265.27
2017-06-30 730.87 0.28 251.71
2017-03-31 725.56 2.07 294.03
2016-12-31 707.85 1.78 305.59
2016-09-30 666.53 2.56 256.96
2016-06-30 644.43 2.89 251.86
2016-03-31 671.71 0.30 292.38
2015-12-31 655.09 4.13 304.31
2015-09-30 613.58 2.57 237.25
2015-06-30 603.09 10.36 230.47
2015-03-31 610.94 9.23 285.90
2014-12-31 574.92 17.69 270.07
2014-09-30 536.26 5.66 146.44
2014-06-30 509.83 3.65 144.35
2014-03-31 513.29 9.81 155.82
2013-12-31 499.06 10.08 191.52
2013-09-30 488.28 6.20 103.18
2013-06-30 474.05 1.20 118.59
2013-03-31 486.45 11.68 93.50
2012-12-31 469.17 18.38 146.84
2012-09-30 442.64 19.93 129.58
2012-06-30 431.12 17.18 143.83
2012-03-31 433.25 18.70 136.42
  • Ansaldo STS's level of debt (0%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (1.3% vs 0% today).
  • Debt is well covered by operating cash flow (14390.3%, greater than 20% of total debt).
  • Ansaldo STS earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Ansaldo STS'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. Ansaldo STS has a total score of 6/6, 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.

W9X Dividends

 What is Ansaldo STS'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
1.18%
Current annual income from Ansaldo STS dividends. Estimated to be 1.18% next year.
If you bought €2,000 of Ansaldo STS shares you are expected to receive €24 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?
  • Ansaldo STS's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.57%).
  • Ansaldo STS'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:W9X 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 2 Analyst Estimates (S&P Global) See Below
Europe Infrastructure Industry Average Dividend Yield Market Cap Weighted Average of 32 Stocks 3.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 330 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
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:W9X Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.15 1.00
2019-12-31 0.15 2.00
2018-12-31 0.15 2.00
DB:W9X Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2018-03-14 0.150 1.201
2017-02-27 0.180 1.527
2016-02-26 0.180 1.700
2015-03-06 0.150 1.566
2014-03-07 0.144 1.832
2013-03-05 0.144 2.212
2012-07-26 0.140 2.622
2012-05-02 0.140 3.369
2012-03-21 0.140 2.773
2012-03-05 0.140 2.687
2011-03-01 0.168 3.210
2010-03-02 0.155 2.441
2010-03-01 0.155 2.150
2009-03-06 0.135 2.088
2009-02-02 0.100 2.023

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Ansaldo STS's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.5x coverage).
X
Income/ dividend checks
We assess Ansaldo STS's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Ansaldo STS afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ansaldo STS has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

W9X Management

 What is the CEO of Ansaldo STS'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
Andrew Barr
COMPENSATION €529,822
AGE 45
TENURE AS CEO 2.7 years
CEO Bio

Mr. Andrew Thomas Barr has been the Chief Executive Officer and General Manager at Ansaldo STS SpA since May 24, 2016 and has been its Director since May 13, 2016. Mr. Barr has been Deputy Managing Director and Chief Operating Officer and member of the Board of Hitachi Rail Europe and Agility Trains. In March 2011, he has been appointed as Senior Vice President of the function Head of Projects, Operations and Maintenance. From 2005 to 2011 in the Hitachi Group as Head of Maintenance Delivery. From January 2002 to January 2005, he worked for the UK Government as Engineering Manager, Rolling Stock. He started his career in 1990 with London Underground Limited. Then worked for UK train operator called GNER before joining Bombardier Transportation UK Ltd. He holds a BSc (Hons.) in Manufacturing Technology and Management at Brunel University.

CEO Compensation
  • Andrew's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Andrew's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Ansaldo STS management team in years:

3.7
Average Tenure
54.5
Average Age
  • The tenure for the Ansaldo STS management team is about average.
Management Team

Andrew Barr

TITLE
CEO, GM & Director
COMPENSATION
€530K
AGE
45
TENURE
2.7 yrs

Renato Gallo

TITLE
Chief Financial Officer
AGE
58
TENURE
1.8 yrs

Christian Andi

TITLE
Chief Operating Officer

Roberto Corsanego

TITLE
Vice President of Investor Relations

Edoardo Maria La Ficara

TITLE
Executive Vice President of Institutional Affairs
AGE
54
TENURE
3.2 yrs

Francesco Romano

TITLE
Senior Vice President Human Resources & Organization
AGE
63

Giovanni Bocchetti

TITLE
Senior Vice President of Innovation & Competitiveness Department
AGE
65
TENURE
9 yrs

Leonardo Impagliazzo

TITLE
Senior Vice President of System Assurance & Control
AGE
51
TENURE
4.3 yrs

Ulderigo Zona

TITLE
SVP of HSE & Facility Management dept. and Manager of Supply Planning
AGE
55
TENURE
5 yrs

Michele Fracchiolla

TITLE
President Unità di Business Freight
AGE
53
Board of Directors Tenure

Average tenure and age of the Ansaldo STS board of directors in years:

2.3
Average Tenure
55
Average Age
  • The average tenure for the Ansaldo STS board of directors is less than 3 years, this suggests a new board.
Board of Directors

Alistair Dormer

TITLE
Chairperson
COMPENSATION
€75K
AGE
55

Andrew Barr

TITLE
CEO, GM & Director
COMPENSATION
€530K
AGE
45
TENURE
2.7 yrs

Alberto de Benedictis

TITLE
Deputy Chairperson
COMPENSATION
€95K
AGE
66
TENURE
2.3 yrs

Katharine Painter

TITLE
Independent Director
COMPENSATION
€95K
TENURE
2.7 yrs

Antonio Zecca

TITLE
Chairperson of the Board of Statutory Auditors
TENURE
1.7 yrs

Filippo Corsi

TITLE
Non-Executive Director
TENURE
0.2 yrs

Mario Garraffo

TITLE
Director
COMPENSATION
€90K
AGE
81
TENURE
2.7 yrs

Kate Mingay

TITLE
Director
COMPENSATION
€50K
TENURE
2.7 yrs

Barbara Biassoni

TITLE
Non-Executive & Independent Director
AGE
46
TENURE
0.2 yrs

Riccardo Tiscini

TITLE
Non-Executive & Independent Director
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
14. Jan 19 Buy Hitachi, Ltd. Company 17. Dec 18 10. Jan 19 6,099,246 €12.71 €76,941,183
13. Dec 18 Buy Hitachi, Ltd. Company 14. Nov 18 07. Dec 18 4,858,211 €12.76 €61,587,656
X
Management checks
We assess Ansaldo STS'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. Ansaldo STS 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.

W9X News

Simply Wall St News

W9X Company Info

Map
Description

Ansaldo STS S.p.A. operates as a contractor, system integrator, and supplier of mass transportation projects for metro and urban railways. It engages in the design, construction, test, commissioning, system engineering, system integration, project management, operation, maintenance, and project financing of high speed lines or its subsystems; and provision of the European railway traffic management system (ERTMS), an interoperable railway signaling system. The company also offers automatic train control systems, which offer the continuous real time transmission of information necessary to enable the on-board systems to supervise train position and speed; and radio block center, a wayside system designed to control railway traffic in ERTMS level 2 equipped territories. In addition, it provides various computer-based interlocking systems for rail and transit comprising ACC that offers route control in a single machine with area controllers; SEI, which supports a relay-based interface to controlled objects; and MicroLok that provides user-programmable safe system delivery. Further, the company offers SCMT, an Italian rail traffic management system; communication based train control systems; driverless automatic train control systems; track circuit-based automatic train control systems for heavy and light rail transit; light rail/light rapid transit systems; computer-aided dispatching systems; traffic planners; systems for marshalling yards; and Web applications. Additionally, it provides equipment and components, such as track circuits, switch machines, signals, and sensors for wayside data transmission; and operation and maintenance services. The company operates in Central and Eastern Europe, the Middle East, Western Europe, North Africa, the Americas, and the Asia Pacific. Ansaldo STS S.p.A. was founded in 1853 and is headquartered in Genoa, Italy. Ansaldo STS S.p.A. operates as a subsidiary of Hitachi Rail Italy Investments Srl.

Details
Name: Ansaldo STS S.p.A.
W9X
Exchange: DB
Founded: 1853
€2,536,000,000
200,000,000
Website: http://www.ansaldo-sts.com
Address: Ansaldo STS S.p.A.
Via Paolo Mantovani, 3-5,
Genoa,
Genoa, 16151,
Italy
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BIT STS Ordinary Shares Borsa Italiana IT EUR 29. Mar 2006
OTCPK ASDO.F Ordinary Shares Pink Sheets LLC US USD 29. Mar 2006
DB W9X Ordinary Shares Deutsche Boerse AG DE EUR 29. Mar 2006
LSE 0NK9 Ordinary Shares London Stock Exchange GB EUR 29. Mar 2006
BATS-CHIXE STSM Ordinary Shares BATS 'Chi-X Europe' GB EUR 29. Mar 2006
Number of employees
Current staff
Staff numbers
4,275
Ansaldo STS employees.
Industry
Highways and Railtracks
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/01/30 21:36
End of day share price update: 2019/01/25 00:00
Last estimates confirmation: 2019/01/16
Last earnings filing: 2018/11/06
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


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.