company background image
LEC

Lechwerke DB:LEC Stock Report

Last Price

€129.00

Market Cap

€4.6b

7D

-8.5%

1Y

5.7%

Updated

25 Jun, 2022

Data

Company Financials
LEC fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance2/6
Financial Health5/6
Dividends4/6

LEC Stock Overview

Lechwerke AG, together with its subsidiaries, operates as an energy supplier in Germany.

Lechwerke Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Lechwerke
Historical stock prices
Current Share Price€129.00
52 Week High€168.00
52 Week Low€119.00
Beta0.39
1 Month Change6.61%
3 Month Change-18.35%
1 Year Change5.74%
3 Year Change30.30%
5 Year Change81.69%
Change since IPO440.35%

Recent News & Updates

May 10
Lechwerke (FRA:LEC) Is Finding It Tricky To Allocate Its Capital

Lechwerke (FRA:LEC) Is Finding It Tricky To Allocate Its Capital

If you're looking at a mature business that's past the growth phase, what are some of the underlying trends that pop...

Jan 20
Returns On Capital At Lechwerke (FRA:LEC) Paint A Concerning Picture

Returns On Capital At Lechwerke (FRA:LEC) Paint A Concerning Picture

Ignoring the stock price of a company, what are the underlying trends that tell us a business is past the growth phase...

Oct 06
Lechwerke (FRA:LEC) Could Be Struggling To Allocate Capital

Lechwerke (FRA:LEC) Could Be Struggling To Allocate Capital

What financial metrics can indicate to us that a company is maturing or even in decline? More often than not, we'll see...

Shareholder Returns

LECDE Electric UtilitiesDE Market
7D-8.5%1.0%-0.1%
1Y5.7%-8.0%-22.0%

Return vs Industry: LEC exceeded the German Electric Utilities industry which returned -8% over the past year.

Return vs Market: LEC exceeded the German Market which returned -22% over the past year.

Price Volatility

Is LEC's price volatile compared to industry and market?
LEC volatility
LEC Average Weekly Movement5.4%
Electric Utilities Industry Average Movement6.2%
Market Average Movement5.6%
10% most volatile stocks in DE Market10.0%
10% least volatile stocks in DE Market2.8%

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

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

About the Company

FoundedEmployeesCEOWebsite
1898333n/ahttps://www.lew.de

Lechwerke AG, together with its subsidiaries, operates as an energy supplier in Germany. The company supplies electricity and gas to homes, companies, and municipalities; and offers a range of energy solutions. It operates 36 hydropower plants.

Lechwerke Fundamentals Summary

How do Lechwerke's earnings and revenue compare to its market cap?
LEC fundamental statistics
Market Cap€4.57b
Earnings (TTM)€111.21m
Revenue (TTM)€1.54b

41.1x

P/E Ratio

3.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
LEC income statement (TTM)
Revenue€1.54b
Cost of Revenue€1.45b
Gross Profit€88.90m
Other Expenses-€22.31m
Earnings€111.21m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)3.14
Gross Margin5.78%
Net Profit Margin7.23%
Debt/Equity Ratio0.0%

How did LEC perform over the long term?

See historical performance and comparison

Dividends

2.2%

Current Dividend Yield

89%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is LEC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for LEC?

Other financial metrics that can be useful for relative valuation.

LEC key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue3x
Enterprise Value/EBITDA145.4x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does LEC's PE Ratio compare to its peers?

LEC PE Ratio vs Peers
The above table shows the PE ratio for LEC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average30.2x

Price-To-Earnings vs Peers: LEC is expensive based on its Price-To-Earnings Ratio (41.1x) compared to the peer average (30.2x).


Price to Earnings Ratio vs Industry

How does LEC's PE Ratio compare vs other companies in the Electric Utilities Industry?

Price-To-Earnings vs Industry: LEC is expensive based on its Price-To-Earnings Ratio (41.1x) compared to the European Electric Utilities industry average (11.3x)


Price to Earnings Ratio vs Fair Ratio

What is LEC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

LEC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio41.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate LEC's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of LEC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: LEC (€129) is trading above our estimate of fair value (€8.19)

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


Price to Earnings Growth Ratio

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


Discover undervalued companies

Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


5.8%

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 Lechwerke 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.


Discover growth companies

  • Examine Lechwerke's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • Lechwerke competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Lechwerke performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


2.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: LEC has high quality earnings.

Growing Profit Margin: LEC's current net profit margins (7.2%) are lower than last year (9.2%).


Past Earnings Growth Analysis

Earnings Trend: LEC's earnings have grown by 2.6% per year over the past 5 years.

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

Earnings vs Industry: LEC had negative earnings growth (-4.7%) over the past year, making it difficult to compare to the Electric Utilities industry average (7.4%).


Return on Equity

High ROE: LEC's Return on Equity (19.4%) is considered low.


Discover strong past performing companies

Financial Health

How is Lechwerke's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: LEC's short term assets (€228.3M) do not cover its short term liabilities (€1.1B).

Long Term Liabilities: LEC's short term assets (€228.3M) exceed its long term liabilities (€95.8M).


Debt to Equity History and Analysis

Debt Level: LEC is debt free.

Reducing Debt: LEC has no debt compared to 5 years ago when its debt to equity ratio was 1%.

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

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


Balance Sheet


Discover healthy companies

Dividend

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

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


2.17%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: LEC's dividend (2.17%) is higher than the bottom 25% of dividend payers in the German market (1.47%).

High Dividend: LEC's dividend (2.17%) is low compared to the top 25% of dividend payers in the German market (4.53%).


Stability and Growth of Payments

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

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


Earnings Payout to Shareholders

Earnings Coverage: At its current payout ratio (89.2%), LEC's payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (114.4%), LEC's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

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

7.1yrs

Average board tenure


CEO

Lechwerke has no CEO, or we have no data on them.


Board Members

Experienced Board: LEC's board of directors are considered experienced (7.1 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

Lechwerke AG's employee growth, exchange listings and data sources


Key Information

  • Name: Lechwerke AG
  • Ticker: LEC
  • Exchange: DB
  • Founded: 1898
  • Industry: Electric Utilities
  • Sector: Utilities
  • Implied Market Cap: €4.572b
  • Shares outstanding: 35.44m
  • Website: https://www.lew.de

Number of Employees


Location

  • Lechwerke AG
  • Schaezlerstrasse 3
  • Augsburg
  • Bavaria
  • 86150
  • Germany

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/25 00:00
End of Day Share Price2022/06/24 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.