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AS Latvijas Gaze

DB:UMA
Snowflake Description

Excellent balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
UMA
DB
€407M
Market Cap
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Last updated 2019/03/20 21:34
Company description

AS Latvijas Gaze engages in the purchase, trading, distribution, and sale of natural gas in Latvia, Lithuania, Estonia, and internationally. The last earnings update was 21 days ago. More info.

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UMA Share Price and Events
7 Day Returns
0%
DB:UMA
-0.2%
Europe Gas Utilities
2.1%
DE Market
1 Year Returns
-4.8%
DB:UMA
16.8%
Europe Gas Utilities
-7.6%
DE Market
UMA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
AS Latvijas Gaze (UMA) 0% -2% -1% -4.8% 0.5% 12.6%
Europe Gas Utilities -0.2% 2.3% 6.7% 16.8% 37.6% 32%
DE Market 2.1% 3.6% 8.1% -7.6% 9.8% 12.4%
1 Year Return vs Industry and Market
  • UMA underperformed the Gas Utilities industry which returned 16.8% over the past year.
  • UMA outperformed the Market in Germany which returned -7.6% over the past year.
Price Volatility
UMA
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for AS Latvijas Gaze's competitors could be found in our database.

UMA Value

 Is AS Latvijas Gaze 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 AS Latvijas Gaze 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 AS Latvijas Gaze.

DB:UMA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 5%
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:UMA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Gas Utilities Unlevered Beta Simply Wall St/ S&P Global 0.37
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.37 (1 + (1- 20%) (10.09%)) 		0.598
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 * 5.96%) 		5%

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

The calculations below outline how an intrinsic value for AS Latvijas Gaze is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:UMA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 5%)
2019 6.38 Est @ -52.51% 6.08
2020 4.04 Est @ -36.69% 3.66
2021 3.00 Est @ -25.61% 2.60
2022 2.47 Est @ -17.86% 2.03
2023 2.16 Est @ -12.43% 1.69
2024 1.97 Est @ -8.64% 1.47
2025 1.86 Est @ -5.98% 1.32
2026 1.78 Est @ -4.12% 1.21
2027 1.73 Est @ -2.81% 1.12
2028 1.70 Est @ -1.9% 1.04
Present value of next 10 years cash flows €22.22
DB:UMA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €1.70 × (1 + 0.23%) ÷ (5% – 0.23%) 		€35.68
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €35.68 ÷ (1 + 5%)10 		€21.91
DB:UMA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €22.22 + €21.91 		€44.13
Equity Value per Share
(EUR)		 = Total value / Shares Outstanding
= €44.13 / 39.90 		€1.11
DB:UMA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:UMA represents 0.97059x of RISE:GZE1R
(This could be a different class, a depositary receipt, a different currency, or all of these things.) 		0.97059x
Value per Share
(Listing Adjusted, EUR)		 = Value per Share (EUR) x Listing Adjustment Factor
= € 1.11 x 0.97059 		€1.07
Value per share (EUR) From above. €1.07
Current discount Discount to share price of €9.90
= -1 x (€9.90 - €1.07) / €1.07 		-822.2%

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

  • The current share price of AS Latvijas Gaze 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 AS Latvijas Gaze's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are AS Latvijas Gaze's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:UMA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.63
RISE:GZE1R Share Price ** RISE (2019-03-20) in EUR €10.2
Europe Gas Utilities Industry PE Ratio Median Figure of 8 Publicly-Listed Gas Utilities Companies 15.51x
Germany Market PE Ratio Median Figure of 423 Publicly-Listed Companies 18.91x

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

** Primary Listing of AS Latvijas Gaze.

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

= RISE:GZE1R Share Price ÷ EPS (both in EUR)

= 10.2 ÷ 0.63

 16.16x

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

  • AS Latvijas Gaze is overvalued based on earnings compared to the Europe Gas Utilities industry average.
  • AS Latvijas Gaze is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does AS Latvijas Gaze's expected growth come at a high price?
Raw Data
DB:UMA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.16x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts		 1.5%per year
Global Gas Utilities Industry PEG Ratio Median Figure of 31 Publicly-Listed Gas Utilities Companies 2.11x
Germany Market PEG Ratio Median Figure of 276 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for AS Latvijas Gaze, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on AS Latvijas Gaze's assets?
Raw Data
DB:UMA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €7.78
RISE:GZE1R Share Price * RISE (2019-03-20) in EUR €10.2
Europe Gas Utilities Industry PB Ratio Median Figure of 9 Publicly-Listed Gas Utilities Companies 1.72x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.79x
DB:UMA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= RISE:GZE1R Share Price ÷ Book Value per Share (both in EUR)

= 10.2 ÷ 7.78

 1.31x

* Primary Listing of AS Latvijas Gaze.

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

  • AS Latvijas Gaze is good value based on assets compared to the Europe Gas Utilities industry average.
X
Value checks
We assess AS Latvijas Gaze'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 Gas Utilities 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 Gas Utilities industry average (and greater than 0)? (1 check)
    5. AS Latvijas Gaze has a total score of 2/6, 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.

UMA Future Performance

 How is AS Latvijas Gaze expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover AS Latvijas Gaze, future earnings growth has been estimated based on fundamentals.
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
1.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is AS Latvijas Gaze expected to grow at an attractive rate?
  • AS Latvijas Gaze's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • AS Latvijas Gaze's earnings growth is positive but not above the Germany market average.
  • Unable to compare AS Latvijas Gaze's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:UMA Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:UMA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 1.5%
Europe Gas Utilities Industry Earnings Growth Rate Market Cap Weighted Average 33.8%
Europe Gas Utilities Industry Revenue Growth Rate Market Cap Weighted Average 3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.9%

*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:UMA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:UMA Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 353 23 25
2018-09-30 339 24 27
2018-06-30 287 33 34
2018-03-31 303 -22 34
2017-12-31 332 -65 26
2017-09-30 381 -34 35
2017-06-30 348 -15 28
2017-03-31 340 43 25
2016-12-31 345 123 32
2016-09-30 298 136 19
2016-06-30 336 105 15
2016-03-31 367 97 24

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • AS Latvijas Gaze's earnings are expected to grow by 1.5% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if AS Latvijas Gaze is high growth as no revenue estimate data is available.
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:UMA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from AS Latvijas Gaze Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:UMA Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 0.63
2018-09-30 0.68
2018-06-30 0.77
2018-03-31 0.85
2017-12-31 0.65
2017-09-30 0.86
2017-06-30 0.74
2017-03-31 0.61
2016-12-31 0.81
2016-09-30 0.48
2016-06-30 0.38
2016-03-31 0.59

*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.
  • Unable to establish if AS Latvijas Gaze will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess AS Latvijas Gaze'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.
AS Latvijas Gaze has a total score of 1/6, 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.

UMA Past Performance

  How has AS Latvijas Gaze 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 AS Latvijas Gaze's growth in the last year to its industry (Gas Utilities).
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.
  • AS Latvijas Gaze's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • AS Latvijas Gaze's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • AS Latvijas Gaze's 1-year earnings growth is negative, it can't be compared to the Europe Gas Utilities industry average.
Earnings and Revenue History
AS Latvijas Gaze'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 AS Latvijas Gaze Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:UMA Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 353.31 25.19 25.38
2018-09-30 339.30 27.05 27.41
2018-06-30 286.66 33.68 26.72
2018-03-31 302.97 33.95 25.29
2017-12-31 331.94 26.05 23.26
2017-09-30 381.39 34.60 18.97
2017-06-30 348.10 27.98 19.86
2017-03-31 340.10 24.52 20.52
2016-12-31 344.75 32.42 20.05
2016-09-30 298.05 19.12 14.29
2016-06-30 336.45 15.23 16.90
2016-03-31 367.36 23.75 18.13
2015-12-31 392.53 23.33 19.65
2015-09-30 483.08 28.31 44.26
2015-06-30 476.58 46.06 36.63
2015-03-31 476.80 44.59 30.87
2014-12-31 504.98 30.07 27.15
2014-09-30 489.81 36.95 15.40
2014-06-30 505.02 29.31 17.21
2014-03-31 510.30 28.54 18.83
2013-12-31 573.96 29.46 18.97
2013-09-30 608.28 34.19 15.45
2013-06-30 603.38 32.75 12.40
2013-03-31 606.17 30.71 13.82
2012-12-31 612.57 30.39 13.98
2012-09-30 575.10 33.73 7.03
2012-06-30 569.51 33.62 15.26
2012-03-31 550.79 32.83 16.39

*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.
  • AS Latvijas Gaze has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • AS Latvijas Gaze used its assets more efficiently than the Europe Gas Utilities industry average last year based on Return on Assets.
  • AS Latvijas Gaze has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess AS Latvijas Gaze'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 Gas Utilities 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.
AS Latvijas Gaze has a total score of 2/6, 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.

UMA Health

 How is AS Latvijas Gaze'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 AS Latvijas Gaze's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • AS Latvijas Gaze is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • AS Latvijas Gaze's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of AS Latvijas Gaze'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 4.1x 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 AS Latvijas Gaze Company Filings, last reported 2 months ago.

DB:UMA Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 310.36 41.05 16.28
2018-09-30 308.71 66.38 24.42
2018-06-30 311.89 34.13 102.92
2018-03-31 328.19 35.00 96.16
2017-12-31 308.05 38.36 24.82
2017-09-30 334.19 22.81 19.94
2017-06-30 339.46 0.00 117.36
2017-03-31 337.51 0.00 164.41
2016-12-31 599.37 0.00 167.63
2016-09-30 607.00 0.00 95.45
2016-06-30 645.84 0.00 194.13
2016-03-31 639.07 0.00 187.94
2015-12-31 611.40 0.00 79.21
2015-09-30 601.15 0.00 18.82
2015-06-30 620.56 0.00 74.01
2015-03-31 611.76 0.00 94.53
2014-12-31 610.18 0.00 51.12
2014-09-30 593.10 0.00 30.71
2014-06-30 619.56 0.00 84.84
2014-03-31 613.98 0.00 62.58
2013-12-31 608.72 0.00 72.45
2013-09-30 592.93 0.00 38.86
2013-06-30 620.08 0.00 45.62
2013-03-31 614.85 0.00 64.41
2012-12-31 611.68 0.00 32.37
2012-09-30 593.03 0.00 23.89
2012-06-30 624.35 0.00 31.87
2012-03-31 618.78 0.00 82.55
  • AS Latvijas Gaze's level of debt (13.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 13.2% today).
  • Debt is well covered by operating cash flow (55.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 37.5x coverage).
Show me more healthy companies in the Gas Utilities industry
X
Financial health checks
We assess AS Latvijas Gaze'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. AS Latvijas Gaze has a total score of 5/6, 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.

UMA Dividends

 What is AS Latvijas Gaze'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
2.55%
Current annual income from AS Latvijas Gaze dividends.
If you bought €2,000 of AS Latvijas Gaze shares you are expected to receive €51 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?
  • AS Latvijas Gaze's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.49%).
  • AS Latvijas Gaze's dividend is below the markets top 25% of dividend payers in Germany (3.83%).
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:UMA 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 0 Analyst Estimates (S&P Global) See Below
Europe Gas Utilities Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 4.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:UMA Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2018-11-07 0.260 2.511
2018-10-04 0.260 2.479
2018-06-19 0.450 4.205
2017-04-26 0.930 9.400
2017-03-01 0.930 11.045
2016-07-01 0.760 8.932
2015-04-24 0.720 7.338
2015-02-26 0.720 7.409
2015-02-25 0.720 7.701
2014-04-30 0.712 8.250
2013-06-21 0.704 7.595
2012-07-06 0.853 9.980
2011-06-17 0.703 8.571
2010-05-14 0.560 7.364
2010-01-15 0.564 7.776
2009-04-30 0.534 8.481
2009-03-23 0.535 10.285

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of AS Latvijas Gaze's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess AS Latvijas Gaze's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 AS Latvijas Gaze afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
    7. AS Latvijas Gaze has a total score of 1/6, see the detailed checks below.


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

UMA Management

 What is the CEO of AS Latvijas Gaze'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.
  • AS Latvijas Gaze has no CEO, or we have no data on them.
Management Team

Svetlana Selena

TITLE
Head of Financial & Accounting Department

Marta Aizsilniece

TITLE
Member of Management Board for JSC Latvijas Juras Medicinas Centrs

Elita Dreimane

TITLE
Member of Management Board
AGE
50
TENURE
1.3 yrs
Board of Directors Tenure

Average tenure and age of the AS Latvijas Gaze board of directors in years:

3.2
Average Tenure
48
Average Age
  • The tenure for the AS Latvijas Gaze board of directors is about average.
Board of Directors

Aigars Kalvitis

TITLE
Chairman
AGE
52
TENURE
3.6 yrs

Sebastian Gröblinghoff

TITLE
Deputy Chairman of the Board
AGE
39
TENURE
2.5 yrs

Denis Emelyanov

TITLE
Second Vice-Chairman of the Board
AGE
39
TENURE
0.6 yrs

Elita Dreimane

TITLE
Member of Management Board
AGE
50
TENURE
1.3 yrs

Kirill Seleznev

TITLE
Chairman of the Council
AGE
44
TENURE
16 yrs

Juris Savickis

TITLE
Vice-Chairman of the Council
AGE
72

Oliver Giese

TITLE
Deputy Chairman of the Council
AGE
51
TENURE
3.7 yrs

Matthias Kohlenbach

TITLE
Member of the Council
AGE
49
TENURE
3.2 yrs

Nikolay Dubik

TITLE
Member of the Council
AGE
47
TENURE
3.2 yrs

Mikhaylova Nazarov

TITLE
Member of the Council
AGE
41
TENURE
5.7 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 (€)
X
Management checks
We assess AS Latvijas Gaze'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. AS Latvijas Gaze 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.

UMA News

Simply Wall St News

UMA Company Info

Description

AS Latvijas Gaze engages in the purchase, trading, distribution, and sale of natural gas in Latvia, Lithuania, Estonia, and internationally. The company supplies natural gas to approximately 400 thousand customers in Latvia. It serves industrial and commercial customers, as well as households. The company is based in Riga, Latvia.

Details
Name: AS Latvijas Gaze
UMA
Exchange: DB
Founded:
€406,980,000
39,900,000
Website: http://www.lg.lv
Address: AS Latvijas Gaze
Vagonu Street 20,
Riga,
1009,
Latvia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
RISE GZE1R Public Bearer Shares OMX Nordic Exchange Riga LV EUR 12. Apr 1999
DB UMA Public Bearer Shares Deutsche Boerse AG DE EUR 12. Apr 1999
LSE 0J4R Public Bearer Shares London Stock Exchange GB EUR 12. Apr 1999
Number of employees
Current staff
Staff numbers
996
AS Latvijas Gaze employees.
Industry
Gas Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 21:34
End of day share price update: 2019/03/20 00:00
Last earnings filing: 2019/02/27
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.

Related Companies

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