CPSE:ROCK B

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ROCKWOOL International

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 7.36% 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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-7.0%

ROCK B

-6.2%

DK Building

-5.1%

DK Market


1 Year Return

88.8%

ROCK B

5.9%

DK Building

21.9%

DK Market

Return vs Industry: ROCK B exceeded the Danish Building industry which returned 5.9% over the past year.

Return vs Market: ROCK B exceeded the Danish Market which returned 21.9% over the past year.


Shareholder returns

ROCK BIndustryMarket
7 Day-7.0%-6.2%-5.1%
30 Day1.4%-5.5%-2.4%
90 Day21.1%3.4%2.0%
1 Year93.9%88.8%7.1%5.9%24.3%21.9%
3 Year52.2%43.5%11.1%4.3%41.0%30.4%
5 Year151.4%130.9%46.6%32.7%57.2%37.5%

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?

29.24x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ROCK B (DKK2384) is trading above our estimate of fair value (DKK2036.47)

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 (28.1x) compared to the XE Building industry average (19x).

PE vs Market: ROCK B is poor value based on its PE Ratio (28.1x) compared to the Danish market (15.3x).


Price to Earnings Growth Ratio

PEG Ratio: ROCK B is poor value based on its PEG Ratio (3.8x)


Price to Book Ratio

PB vs Industry: ROCK B is overvalued based on its PB Ratio (3.5x) compared to the XE Building industry average (1.6x).


Next Steps

Future Growth

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

7.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ROCK B's forecast earnings growth (7.4% per year) is above the savings rate (0.3%).

Earnings vs Market: ROCK B's earnings (7.4% per year) are forecast to grow slower than the Danish market (12.6% per year).

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

Revenue vs Market: ROCK B's revenue (6.6% per year) is forecast to grow faster than the Danish market (6.5% per year).

High Growth Revenue: ROCK B's revenue (6.6% 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 (11.4%).


Next Steps

Past Performance

How has ROCKWOOL International performed over the past 5 years?

21.9%

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 (9.4%) are lower than last year (10.2%).


Past Earnings Growth Analysis

Earnings Trend: ROCK B's earnings have grown significantly by 21.9% 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 (-10.1%) over the past year, making it difficult to compare to the Building industry average (7.3%).


Return on Equity

High ROE: ROCK B's Return on Equity (12.3%) is considered low.


Next Steps

Financial Health

How is ROCKWOOL International's financial position?


Financial Position Analysis

Short Term Liabilities: ROCK B's short term assets (€839.0M) exceed its short term liabilities (€554.0M).

Long Term Liabilities: ROCK B's short term assets (€839.0M) exceed its long term liabilities (€165.0M).


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


Next Steps

Dividend

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

1.29%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ROCK B's dividend (1.34%) isn’t notable compared to the bottom 25% of dividend payers in the Danish market (1.34%).

High Dividend: ROCK B's dividend (1.34%) is low compared to the top 25% of dividend payers in the Danish market (3.71%).


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 (37.7%), 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 (32.6% payout ratio).


Next Steps

Management

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

4.8yrs

Average management tenure


CEO

Jens Birgersson (53 yo)

5.58yrs

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

NamePositionTenureCompensationOwnership
Jens Birgersson
President & CEO5.58yrsno datano data
Kim Andersen
Senior VP & CFO4.75yrsno datano data
Bjørn Rici Andersen
Senior Vice President of Group Operations & Technology2.58yrsno datano data
Thomas Harder
Director of Group Treasury & Investor Relationsno datano datano data
Mirella Vitale
SVP of Group Marketing4.58yrsno datano data
Jessica Jonasson
Senior Vice President for Group Human Resources0.17yrno datano data
Henrik Nielsen
Senior VP and Head of Insulation North East Europe & Russia5.75yrsno datano data
Connie Theisen
Director of Stakeholder Engagement & Director14.75yrsno datano data
Gilles Maria
Senior VP and Head of Insulation South West Europe & Insulation Asia4.75yrsno datano data
Volker Christmann
Senior VP & Head of Insulation Central Europe5.75yrsno datano data
Bernard Plancade
Managing Director of Core Solutionsno datano datano data
Christian Westerberg
Project Manager & Director2.75yrsno datano data

4.8yrs

Average Tenure

58.5yo

Average Age

Experienced Management: ROCK B's management team is considered experienced (4.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Connie Theisen
Director of Stakeholder Engagement & Director14.75yrsno datano data
Christian Westerberg
Project Manager & Director2.75yrsno datano data
Jørgen Tang-Jensen
Independent Director3.5yrsno datano data
Rebekka Herlofsen
Director0.50yrno datano data
Carsten Bjerg
Independent Deputy Chairman7.5yrsno datano data
Andreas Ronken
Independent Director4.5yrsno datano data
Thomas Kähler
Chairman0.50yrno datano data
Søren Kähler
Second Deputy Chairman4.92yrsno datano data
René Rasmussen
Director2.75yrsno datano data

3.5yrs

Average Tenure

60yo

Average Age

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.50.407b
  • Shares outstanding: 21.57m
  • Website: https://www.rockwoolgroup.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ROCK ACPSE (OMX Nordic Exchange Copenhagen)Class A SharesDKDKKJan 1996
0M09LSE (London Stock Exchange)Class A SharesGBDKKJan 1996
ROCKACBATS-CHIXE (BATS 'Chi-X Europe')Class A SharesGBDKKJan 1996
RKWA.FOTCPK (Pink Sheets LLC)Class A SharesUSUSDJan 1996
RKWB.FOTCPK (Pink Sheets LLC)YesClass B SharesUSUSDJan 1996
ROCK BCPSE (OMX Nordic Exchange Copenhagen)YesClass B SharesDKDKKJan 1996
0M0ALSE (London Stock Exchange)YesClass B SharesGBDKKJan 1996
R90DB (Deutsche Boerse AG)YesClass B SharesDEEURJan 1996
ROCKBcBATS-CHIXE (BATS 'Chi-X Europe')YesClass B SharesGBDKKJan 1996

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 Analysis2020/10/29 22:01
End of Day Share Price2020/10/29 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.