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WWG

Gelsenwasser DB:WWG Stock Report

Last Price

€1.44k

Market Cap

€5.0b

7D

-6.5%

1Y

-0.7%

Updated

25 Jun, 2022

Data

Company Financials
WWG fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance3/6
Financial Health4/6
Dividends3/6

WWG Stock Overview

Gelsenwasser AG engages in the water, wastewater, gas supply, and electricity businesses in Germany, the Czech Republic, and Poland.

Gelsenwasser Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Gelsenwasser
Historical stock prices
Current Share Price€1,440.00
52 Week High€1,550.00
52 Week Low€1,290.00
Beta-0.14
1 Month Change-0.69%
3 Month Change2.86%
1 Year Change-0.69%
3 Year Change65.52%
5 Year Change54.84%
Change since IPO692.80%

Recent News & Updates

May 27
The Returns On Capital At Gelsenwasser (FRA:WWG) Don't Inspire Confidence

The Returns On Capital At Gelsenwasser (FRA:WWG) Don't Inspire Confidence

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...

Apr 11
These 4 Measures Indicate That Gelsenwasser (FRA:WWG) Is Using Debt Reasonably Well

These 4 Measures Indicate That Gelsenwasser (FRA:WWG) Is Using Debt Reasonably Well

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Dec 29
Some Investors May Be Worried About Gelsenwasser's (FRA:WWG) Returns On Capital

Some Investors May Be Worried About Gelsenwasser's (FRA:WWG) Returns On Capital

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...

Sep 24
Some Investors May Be Worried About Gelsenwasser's (FRA:WWG) Returns On Capital

Some Investors May Be Worried About Gelsenwasser's (FRA:WWG) Returns On Capital

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to...

Shareholder Returns

WWGDE Integrated UtilitiesDE Market
7D-6.5%0.5%-0.1%
1Y-0.7%-0.2%-22.0%

Return vs Industry: WWG matched the German Integrated Utilities industry which returned -0.2% over the past year.

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

Price Volatility

Is WWG's price volatile compared to industry and market?
WWG volatility
WWG Average Weekly Movement6.7%
Integrated Utilities Industry Average Movement4.0%
Market Average Movement5.6%
10% most volatile stocks in DE Market10.0%
10% least volatile stocks in DE Market2.8%

Stable Share Price: WWG is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: WWG's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18871,638Henning Detershttps://www.gelsenwasser.de

Gelsenwasser AG engages in the water, wastewater, gas supply, and electricity businesses in Germany, the Czech Republic, and Poland. The company operates through five segments: Water, Wastewater, Energy Networks, Energy Sales, and Investments & Projects. The Water segment engages in the purchase, production, sale, and transport and distribution of drinking water.

Gelsenwasser Fundamentals Summary

How do Gelsenwasser's earnings and revenue compare to its market cap?
WWG fundamental statistics
Market Cap€4.95b
Earnings (TTM)€114.30m
Revenue (TTM)€6.32b

43.3x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
WWG income statement (TTM)
Revenue€6.32b
Cost of Revenue€5.96b
Gross Profit€357.70m
Other Expenses€243.40m
Earnings€114.30m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)33.25
Gross Margin5.66%
Net Profit Margin1.81%
Debt/Equity Ratio21.8%

How did WWG perform over the long term?

See historical performance and comparison

Dividends

1.5%

Current Dividend Yield

64%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is WWG 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 WWG?

Other financial metrics that can be useful for relative valuation.

WWG 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/Revenue0.8x
Enterprise Value/EBITDA63.9x
PEG Ration/a

Price to Earnings Ratio vs Peers

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

WWG PE Ratio vs Peers
The above table shows the PE ratio for WWG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average29.3x

Price-To-Earnings vs Peers: WWG is expensive based on its Price-To-Earnings Ratio (43.3x) compared to the peer average (29.3x).


Price to Earnings Ratio vs Industry

How does WWG's PE Ratio compare vs other companies in the Global Integrated Utilities Industry?

Price-To-Earnings vs Industry: WWG is expensive based on its Price-To-Earnings Ratio (43.3x) compared to the European Integrated Utilities industry average (11.1x)


Price to Earnings Ratio vs Fair Ratio

What is WWG'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.

WWG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio43.3x
Fair PE Ration/a

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


Share Price vs Fair Value

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

Below Fair Value: WWG (€1440) is trading above our estimate of fair value (€623.82)

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


Price to Earnings Growth Ratio

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


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Future Growth

How is Gelsenwasser 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


4.2%

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 Gelsenwasser 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.


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  • Examine Gelsenwasser'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.
  • Gelsenwasser competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Gelsenwasser performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


0.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: WWG has a large one-off gain of €31.6M impacting its December 31 2021 financial results.

Growing Profit Margin: WWG's current net profit margins (1.8%) are lower than last year (5.5%).


Past Earnings Growth Analysis

Earnings Trend: WWG's earnings have grown by 0.5% per year over the past 5 years.

Accelerating Growth: WWG's earnings growth over the past year (20.8%) exceeds its 5-year average (0.5% per year).

Earnings vs Industry: WWG earnings growth over the past year (20.8%) exceeded the Integrated Utilities industry 9%.


Return on Equity

High ROE: WWG's Return on Equity (13.4%) is considered low.


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Financial Health

How is Gelsenwasser's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: WWG's short term assets (€5.0B) do not cover its short term liabilities (€5.2B).

Long Term Liabilities: WWG's short term assets (€5.0B) exceed its long term liabilities (€1.7B).


Debt to Equity History and Analysis

Debt Level: WWG's net debt to equity ratio (20.7%) is considered satisfactory.

Reducing Debt: WWG's debt to equity ratio has increased from 8.7% to 21.8% over the past 5 years.

Debt Coverage: WWG's debt is well covered by operating cash flow (50.9%).

Interest Coverage: WWG earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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Dividend

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

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


1.47%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: WWG's dividend (1.47%) isn’t notable compared to the bottom 25% of dividend payers in the German market (1.47%).

High Dividend: WWG's dividend (1.47%) is low compared to the top 25% of dividend payers in the German market (4.53%).


Stability and Growth of Payments

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

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


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (63.6%), WWG's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (279.8%), WWG's dividend payments are not well covered by cash flows.


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Management

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

1.0yrs

Average board tenure


CEO

Henning Deters (53 yo)

11.42yrs

Tenure

€745,113

Compensation

Mr. Henning R. Deters has been the Chairman of Management Board and Member of Management Board at Gelsenwasser AG since 2011. Mr. Deters serves as Head of the Commercial Division and Head of The Department...


CEO Compensation Analysis

Compensation vs Market: Henning's total compensation ($USD785.98K) is below average for companies of similar size in the German market ($USD2.88M).

Compensation vs Earnings: Henning's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: WWG's board of directors are not considered experienced ( 1 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

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


Key Information

  • Name: Gelsenwasser AG
  • Ticker: WWG
  • Exchange: DB
  • Founded: 1887
  • Industry: Multi-Utilities
  • Sector: Utilities
  • Implied Market Cap: €4.950b
  • Shares outstanding: 3.44m
  • Website: https://www.gelsenwasser.de

Number of Employees


Location

  • Gelsenwasser AG
  • Willy-Brandt-Allee 26
  • Gelsenkirchen
  • North Rhine-Westphalia
  • 45891
  • 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.