FLSmidth
Market Cap
kr.11.7b
Last Updated
2021/01/24 18:00 UTC
Data Sources
Company Financials +
Executive Summary
FLSmidth & Co. A/S supplies engineering, equipment, and services to the cement and mining industries worldwide. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with moderate growth potential.
Similar Companies
Share Price & News
How has FLSmidth's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FLS is not significantly more volatile than the rest of Danish stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: FLS's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
3.4%
FLS
3.7%
DK Machinery
1.6%
DK Market
1 Year Return
-4.3%
FLS
-2.7%
DK Machinery
23.7%
DK Market
Return vs Industry: FLS underperformed the Danish Machinery industry which returned -2.5% over the past year.
Return vs Market: FLS underperformed the Danish Market which returned 23.6% over the past year.
Shareholder returns
| FLS | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.4% | 3.7% | 1.6% |
| 30 Day | 3.0% | 5.7% | 3.1% |
| 90 Day | 37.6% | 34.4% | 10.2% |
| 1 Year | -4.3%-4.3% | -2.6%-2.7% | 26.0%23.7% |
| 3 Year | -32.1%-35.5% | -40.9%-42.9% | 55.5%43.4% |
| 5 Year | 5.9%-2.5% | 94.8%65.3% | 67.8%46.3% |
Long-Term Price Volatility Vs. Market
How volatile is FLSmidth's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Is FLSmidth & Co. A/S' (CPH:FLS) Recent Stock Performance Influenced By Its Fundamentals In Any Way?1 month ago | Simply Wall St
At kr.228, Is It Time To Put FLSmidth & Co. A/S (CPH:FLS) On Your Watch List?1 month ago | Simply Wall St
Is FLSmidth (CPH:FLS) Using Too Much Debt?Valuation
Is FLSmidth undervalued compared to its fair value and its price relative to the market?
19.7%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FLS (DKK234.1) is trading below our estimate of fair value (DKK291.53)
Significantly Below Fair Value: FLS is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: FLS is poor value based on its PE Ratio (32.1x) compared to the XE Machinery industry average (27.5x).
PE vs Market: FLS is poor value based on its PE Ratio (32.1x) compared to the Danish market (17.5x).
Price to Earnings Growth Ratio
PEG Ratio: FLS is poor value based on its PEG Ratio (1x)
Price to Book Ratio
PB vs Industry: FLS's PB Ratio (1.4x) is in line with the DK Machinery industry average.
Next Steps
Future Growth
How is FLSmidth forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
31.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FLS's forecast earnings growth (31% per year) is above the savings rate (0.2%).
Earnings vs Market: FLS's earnings (31% per year) are forecast to grow faster than the Danish market (12.7% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: FLS's revenue (5.9% per year) is forecast to grow slower than the Danish market (6.8% per year).
High Growth Revenue: FLS's revenue (5.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FLS's Return on Equity is forecast to be low in 3 years time (8.4%).
Next Steps
Past Performance
How has FLSmidth performed over the past 5 years?
5.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FLS has high quality earnings.
Growing Profit Margin: FLS's current net profit margins (2%) are lower than last year (4.4%).
Past Earnings Growth Analysis
Earnings Trend: FLS's earnings have grown by 5.1% per year over the past 5 years.
Accelerating Growth: FLS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FLS had negative earnings growth (-58.8%) over the past year, making it difficult to compare to the Machinery industry average (-19.3%).
Return on Equity
High ROE: FLS's Return on Equity (4.5%) is considered low.
Next Steps
Financial Health
How is FLSmidth's financial position?
Financial Position Analysis
Short Term Liabilities: FLS's short term assets (DKK10.6B) exceed its short term liabilities (DKK8.3B).
Long Term Liabilities: FLS's short term assets (DKK10.6B) exceed its long term liabilities (DKK4.1B).
Debt to Equity History and Analysis
Debt Level: FLS's debt to equity ratio (30.6%) is considered satisfactory.
Reducing Debt: FLS's debt to equity ratio has reduced from 63.8% to 30.6% over the past 5 years.
Debt Coverage: FLS's debt is well covered by operating cash flow (56.4%).
Interest Coverage: FLS's interest payments on its debt are well covered by EBIT (9.8x coverage).
Balance Sheet
Next Steps
Dividend
What is FLSmidth current dividend yield, its reliability and sustainability?
3.31%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate FLS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate FLS's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if FLS's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if FLS's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: FLS is not paying a notable dividend for the Danish market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of FLS's dividend in 3 years as they are not forecast to pay a notable one for the Danish market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.9yrs
Average management tenure
CEO
Thomas Schulz (55 yo)
7.67yrs
Tenure
kr.10,981,000
Compensation
Mr. Thomas Schulz has been Group Chief Executive Officer at FLSmidth & Co. A/S since May 1, 2013. Mr. Schulz has extensive experience from the global mining and construction industry. He served as the Pres...
CEO Compensation Analysis
Compensation vs Market: Thomas's total compensation ($USD1.80M) is about average for companies of similar size in the Danish market ($USD1.69M).
Compensation vs Earnings: Thomas's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group Chief Executive Officer | 7.67yrs | kr.10.98m | 0.037% DKK 4.3m | |
| Group Executive VP and Head of Group Legal & Strategy | 8yrs | kr.221.00k | 0.0027% DKK 314.7k | |
| President of Region Europe | 12yrs | kr.450.00k | 0.0017% DKK 201.9k | |
| Acting CFO | 1.17yrs | no data | no data | |
| Member of Group Executive Management & CFO | 0.50yr | no data | no data | |
| General Manager of Operations & Maintenance | no data | no data | no data | |
| Head of Investor Relations | 3yrs | no data | no data | |
| Senior Vice President of Group Communications | no data | no data | no data | |
| Head of Group HR & HSE | 2.75yrs | no data | no data | |
| President of Region Asia | 8.83yrs | kr.1.71m | no data | |
| President of Cement Industry | no data | kr.141.00k | no data | |
| President | no data | no data | no data |
2.9yrs
Average Tenure
53yo
Average Age
Experienced Management: FLS's management team is considered experienced (2.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President of Region Europe | 12yrs | kr.450.00k | 0.0017% DKK 201.9k | |
| Independent Vice Chairman | 3.67yrs | kr.900.00k | 0.030% DKK 3.5m | |
| Independent Chairman | 9.75yrs | kr.1.35m | 0.021% DKK 2.5m | |
| Independent Director | 1.83yrs | kr.618.00k | no data | |
| Independent Director | 1.83yrs | kr.431.00k | no data | |
| Independent Director | 4.75yrs | kr.675.00k | 0.0020% DKK 233.6k | |
| Employee-Elected Member | 8yrs | kr.575.00k | 0.00013% DKK 15.3k | |
| Independent Director | 3.83yrs | kr.575.00k | 0.0020% DKK 233.6k | |
| Employee-Elected Member | 5yrs | kr.450.00k | 0.00086% DKK 101.0k |
4.8yrs
Average Tenure
57yo
Average Age
Experienced Board: FLS's board of directors are considered experienced (4.8 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
FLSmidth & Co. A/S's company bio, employee growth, exchange listings and data sources
Key Information
- Name: FLSmidth & Co. A/S
- Ticker: FLS
- Exchange: CPSE
- Founded: 1882
- Industry: Construction Machinery and Heavy Trucks
- Sector: Capital Goods
- Market Cap: kr.11.741b
- Shares outstanding: 50.15m
- Website: https://www.flsmidth.com
Number of Employees
Location
- FLSmidth & Co. A/S
- Vigerslev Allé 77
- Valby
- Copenhagen
- Capital Region of Denmark
- 2500
- Denmark
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FLS | CPSE (OMX Nordic Exchange Copenhagen) | Yes | Common Shares | DK | DKK | Jan 1992 |
| F6O1 | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Jan 1992 |
| 0OJA | LSE (London Stock Exchange) | Yes | Common Shares | GB | DKK | Jan 1992 |
| FLID.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Jan 1992 |
| FLSC | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Common Shares | GB | DKK | Jan 1992 |
| FLID.Y | OTCPK (Pink Sheets LLC) | SPONSORED ADR | US | USD | May 2008 |
Biography
FLSmidth & Co. A/S supplies engineering, equipment, and services to the cement and mining industries worldwide. The company operates through Mining and Cement segments. The company also engages in the mini...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/24 18:00 |
| End of Day Share Price | 2021/01/22 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.