DB:FHW

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Fernheizwerk Neukölln

Executive Summary

Fernheizwerk Neukölln Aktiengesellschaft operates as a district heating supplier. More Details

Rewards

PE ratio (16x) is below the German market (22.9x)

Earnings grew by 106% over the past year

Pays a reliable dividend of 3.48%

Risk Analysis

No risks detected for FHW from our risk checks.


Snowflake Analysis

Flawless balance sheet with solid track record and pays a dividend.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: FHW is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: FHW's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

-3.0%

FHW

-3.3%

DE Water Utilities

1.3%

DE Market


1 Year Return

2.2%

FHW

2.6%

DE Water Utilities

1.1%

DE Market

Return vs Industry: FHW underperformed the German Water Utilities industry which returned 4.3% over the past year.

Return vs Market: FHW exceeded the German Market which returned 0.4% over the past year.


Shareholder returns

FHWIndustryMarket
7 Day-3.0%-3.3%1.3%
30 Day-4.2%-2.3%4.5%
90 Day-2.5%2.2%1.0%
1 Year5.8%2.2%7.2%2.6%4.3%1.1%
3 Year18.2%7.0%31.9%14.6%4.3%-4.8%
5 Year51.7%26.7%27.8%2.2%21.2%4.0%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Fernheizwerk Neukölln undervalued compared to its fair value and its price relative to the market?

15.97x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: FHW (€46) is trading above our estimate of fair value (€33.28)

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


Price To Earnings Ratio

PE vs Industry: FHW is good value based on its PE Ratio (16x) compared to the XE Water Utilities industry average (36.2x).

PE vs Market: FHW is good value based on its PE Ratio (16x) compared to the German market (22.9x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: FHW is overvalued based on its PB Ratio (2x) compared to the XE Water Utilities industry average (1.8x).


Next Steps

Future Growth

How is Fernheizwerk Neukölln forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

10.2%

Forecasted Utilities 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 Fernheizwerk Neukölln 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 Fernheizwerk Neukölln performed over the past 5 years?

3.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FHW has high quality earnings.

Growing Profit Margin: FHW's current net profit margins (23.8%) are higher than last year (11.5%).


Past Earnings Growth Analysis

Earnings Trend: FHW's earnings have grown by 3.9% per year over the past 5 years.

Accelerating Growth: FHW's earnings growth over the past year (106%) exceeds its 5-year average (3.9% per year).

Earnings vs Industry: FHW earnings growth over the past year (106%) exceeded the Water Utilities industry -27.6%.


Return on Equity

High ROE: FHW's Return on Equity (15.8%) is considered low.


Next Steps

Financial Health

How is Fernheizwerk Neukölln's financial position?


Financial Position Analysis

Short Term Liabilities: FHW's short term assets (€25.8M) exceed its short term liabilities (€3.1M).

Long Term Liabilities: FHW's short term assets (€25.8M) exceed its long term liabilities (€10.4M).


Debt to Equity History and Analysis

Debt Level: FHW is debt free.

Reducing Debt: FHW has not had any debt for past 5 years.

Debt Coverage: FHW has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: FHW has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Fernheizwerk Neukölln current dividend yield, its reliability and sustainability?

3.48%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FHW's dividend (3.48%) is higher than the bottom 25% of dividend payers in the German market (1.12%).

High Dividend: FHW's dividend (3.48%) is low compared to the top 25% of dividend payers in the German market (3.64%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (55.6%), FHW'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?

1.8yrs

Average board tenure


CEO

Fernheizwerk Neukölln has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Frank Rodloff
Deputy Chairman of Supervisory Board1.83yrs€26.50kno data
Robert Tomasko
Employee Representative Member of Supervisory Boardno data€17.70kno data
Stefan Preidt
Member of Supervisory Board6.75yrsno datano data
Uwe Scharnweber
Member of Supervisory Board1.83yrsno datano data
Tanja Wielgoß
Chairman of Supervisory Board1.83yrsno datano data
Ronny Wieland
Employee Representative Member of Supervisory Boardno data€17.70kno data

1.8yrs

Average Tenure

Experienced Board: FHW's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


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

Fernheizwerk Neukölln Aktiengesellschaft's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Fernheizwerk Neukölln Aktiengesellschaft
  • Ticker: FHW
  • Exchange: DB
  • Founded:
  • Industry: Water Utilities
  • Sector: Utilities
  • Market Cap: €107.640m
  • Shares outstanding: 2.30m
  • Website: https://www.fhw-neukoelln.de

Number of Employees


Location

  • Fernheizwerk Neukölln Aktiengesellschaft
  • Weigandufer 49
  • Berlin
  • Berlin
  • 12059
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FHWDB (Deutsche Boerse AG)YesShare CapitalDEEURJan 1992

Biography

Fernheizwerk Neukölln Aktiengesellschaft operates as a district heating supplier. The company generates and distributes heating energy to approximately 40,000 households, as well as various department stor...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/24 22:08
End of Day Share Price2020/11/24 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.