CPSE:ROCK B

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ROCKWOOL International

Market Cap

kr.66.3b

Last Updated

2021/07/30 18:36 UTC

Data Sources

Company Financials +

Executive Summary

ROCKWOOL International A/S, together with its subsidiaries, manufactures and sells stone wool insulations in Western Europe, Eastern Europe, North America, Asia, and internationally. More Details

Rewards

Earnings are forecast to grow 7.46% per year

Risk Analysis

No risks detected for ROCK B from our risk checks.


Snowflake Analysis

Flawless balance sheet second-rate dividend payer.


Similar Companies

Share Price & News

How has ROCKWOOL International's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ROCK B is less volatile than 75% of Danish stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: ROCK B's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

1.3%

ROCK B

1.0%

DK Building

0.2%

DK Market


1 Year Return

62.1%

ROCK B

57.9%

DK Building

32.6%

DK Market

Return vs Industry: ROCK B exceeded the Danish Building industry which returned 57.9% over the past year.

Return vs Market: ROCK B exceeded the Danish Market which returned 32.6% over the past year.


Shareholder returns

ROCK BIndustryMarket
7 Day1.3%1.0%0.2%
30 Day9.0%6.4%3.8%
90 Day19.8%17.2%11.0%
1 Year64.1%62.1%60.6%57.9%35.9%32.6%
3 Year38.3%30.5%87.0%76.9%73.3%60.5%
5 Year192.5%168.3%115.8%94.8%104.3%78.2%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is ROCKWOOL International undervalued compared to its fair value and its price relative to the market?

37.75x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ROCK B (DKK3327) is trading above our estimate of fair value (DKK1967.03)

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


Price To Earnings Ratio

PE vs Industry: ROCK B is poor value based on its PE Ratio (37.7x) compared to the European Building industry average (22.8x).

PE vs Market: ROCK B is poor value based on its PE Ratio (37.7x) compared to the Danish market (16.7x).


Price to Earnings Growth Ratio

PEG Ratio: ROCK B is poor value based on its PEG Ratio (5.1x)


Price to Book Ratio

PB vs Industry: ROCK B is overvalued based on its PB Ratio (4.5x) compared to the XE Building industry average (3.1x).


Future Growth

How is ROCKWOOL International forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

7.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ROCK B's forecast earnings growth (7.5% per year) is above the savings rate (0.1%).

Earnings vs Market: ROCK B's earnings (7.5% per year) are forecast to grow slower than the Danish market (8% per year).

High Growth Earnings: ROCK B's earnings are forecast to grow, but not significantly.

Revenue vs Market: ROCK B's revenue (7.4% per year) is forecast to grow faster than the Danish market (6.5% per year).

High Growth Revenue: ROCK B's revenue (7.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ROCK B's Return on Equity is forecast to be low in 3 years time (12.9%).


Past Performance

How has ROCKWOOL International performed over the past 5 years?

14.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ROCK B has high quality earnings.

Growing Profit Margin: ROCK B's current net profit margins (9.8%) are lower than last year (10.5%).


Past Earnings Growth Analysis

Earnings Trend: ROCK B's earnings have grown by 14.3% per year over the past 5 years.

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

Earnings vs Industry: ROCK B had negative earnings growth (-10.7%) over the past year, making it difficult to compare to the Building industry average (31.1%).


Return on Equity

High ROE: ROCK B's Return on Equity (11.8%) is considered low.


Financial Health

How is ROCKWOOL International's financial position?


Financial Position Analysis

Short Term Liabilities: ROCK B's short term assets (€872.0M) exceed its short term liabilities (€509.0M).

Long Term Liabilities: ROCK B's short term assets (€872.0M) exceed its long term liabilities (€172.0M).


Debt to Equity History and Analysis

Debt Level: ROCK B is debt free.

Reducing Debt: ROCK B had no debt 5 years ago.

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

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


Balance Sheet


Dividend

What is ROCKWOOL International current dividend yield, its reliability and sustainability?

0.96%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ROCK B's dividend (0.96%) isn’t notable compared to the bottom 25% of dividend payers in the Danish market (1.07%).

High Dividend: ROCK B's dividend (0.96%) is low compared to the top 25% of dividend payers in the Danish market (3.39%).


Stability and Growth of Payments

Stable Dividend: ROCK B's dividend payments have been volatile in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (36.3%), ROCK B's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ROCK B's dividends in 3 years are forecast to be well covered by earnings (32.8% payout ratio).


Next Steps

Management

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

5.5yrs

Average management tenure


CEO

Jens Birgersson (54 yo)

6.33yrs

Tenure

Mr. Jens Birgersson serves as President, CEO at ROCKWOOL International A/S since March 2015. He is also the Chairman of the Board of Randers Reb International A/S.


Leadership Team

Experienced Management: ROCK B's management team is seasoned and experienced (5.5 years average tenure).


Board Members

Experienced Board: ROCK B's board of directors are considered experienced (3.5 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

ROCKWOOL International A/S's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: ROCKWOOL International A/S
  • Ticker: ROCK B
  • Exchange: CPSE
  • Founded: 1909
  • Industry: Building Products
  • Sector: Capital Goods
  • Market Cap: kr.66.321b
  • Shares outstanding: 21.56m
  • Website: https://www.rockwool.com/group

Number of Employees


Location

  • ROCKWOOL International A/S
  • Hovedgaden 584
  • Hedehusene
  • Capital Region of Denmark
  • 2640
  • Denmark

Listings


Biography

ROCKWOOL International A/S, together with its subsidiaries, manufactures and sells stone wool insulations in Western Europe, Eastern Europe, North America, Asia, and internationally. The company operates t...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/30 18:36
End of Day Share Price2021/07/30 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.