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Lingotes Especiales

BME:LGT
Snowflake Description

Solid track record with adequate balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LGT
BME
€148M
Market Cap
  1. Home
  2. ES
  3. Automobiles
Company description

Lingotes Especiales, S.A. engages in the design, development, casting, machining, and assembly of grey and ductile iron components primarily for the automobile industry in Spain. The last earnings update was 52 days ago. More info.


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LGT Share Price and Events
7 Day Returns
-1%
BME:LGT
2.8%
Europe Auto Components
1.2%
ES Market
1 Year Returns
-19.1%
BME:LGT
-21.9%
Europe Auto Components
-1.9%
ES Market
LGT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Lingotes Especiales (LGT) -1% 0.8% -5% -19.1% 45.7% 344.8%
Europe Auto Components 2.8% 11.8% 16.1% -21.9% -4.4% 9.3%
ES Market 1.2% 2% 5.9% -1.9% 6.3% -9.4%
1 Year Return vs Industry and Market
  • LGT outperformed the Auto Components industry which returned -21.9% over the past year.
  • LGT underperformed the Market in Spain which returned -1.9% over the past year.
Price Volatility
LGT
Industry
5yr Volatility vs Market

Value

 Is Lingotes Especiales 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 Lingotes Especiales 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 Lingotes Especiales.

BME:LGT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.3%
Perpetual Growth Rate 10-Year ES Government Bond Rate 1.5%

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 BME:LGT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year ES Govt Bond Rate 1.5%
Equity Risk Premium S&P Global 8.2%
Auto Components Unlevered Beta Simply Wall St/ S&P Global 1.16
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.159 (1 + (1- 25%) (15.66%))
1.198
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.53% + (1.198 * 8.18%)
11.32%

Discounted Cash Flow Calculation for BME:LGT using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Lingotes Especiales 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.

BME:LGT DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 11.32%)
2019 12.70 Analyst x1 11.41
2020 14.00 Analyst x1 11.30
2021 15.02 Est @ 7.26% 10.88
2022 15.85 Est @ 5.54% 10.32
2023 16.54 Est @ 4.34% 9.67
2024 17.11 Est @ 3.49% 8.99
2025 17.61 Est @ 2.9% 8.31
2026 18.05 Est @ 2.49% 7.65
2027 18.45 Est @ 2.2% 7.03
2028 18.81 Est @ 2% 6.44
Present value of next 10 years cash flows €92.00
BME:LGT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €18.81 × (1 + 1.53%) ÷ (11.32% – 1.53%)
€194.99
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €194.99 ÷ (1 + 11.32%)10
€66.71
BME:LGT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €92.00 + €66.71
€158.71
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €158.71 / 10.00
€15.87
BME:LGT Discount to Share Price
Calculation Result
Value per share (EUR) From above. €15.87
Current discount Discount to share price of €14.75
= -1 x (€14.75 - €15.87) / €15.87
7.1%

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

Current Discount
Amount off the current price Lingotes Especiales is available for.
Intrinsic value
7%
Share price is €14.75 vs Future cash flow value of €15.87
Current Discount Checks
For Lingotes Especiales to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Lingotes Especiales's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Lingotes Especiales's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 Lingotes Especiales's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Lingotes Especiales's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BME:LGT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.92
BME:LGT Share Price ** BME (2019-04-18) in EUR €14.75
Europe Auto Components Industry PE Ratio Median Figure of 42 Publicly-Listed Auto Components Companies 13.23x
Spain Market PE Ratio Median Figure of 132 Publicly-Listed Companies 17.89x

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

** Primary Listing of Lingotes Especiales.

BME:LGT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BME:LGT Share Price ÷ EPS (both in EUR)

= 14.75 ÷ 0.92

16.03x

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

  • Lingotes Especiales is overvalued based on earnings compared to the Europe Auto Components industry average.
  • Lingotes Especiales is good value based on earnings compared to the Spain market.
Price based on expected Growth
Does Lingotes Especiales's expected growth come at a high price?
Raw Data
BME:LGT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.03x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
16.5%per year
Europe Auto Components Industry PEG Ratio Median Figure of 33 Publicly-Listed Auto Components Companies 1.11x
Spain Market PEG Ratio Median Figure of 75 Publicly-Listed Companies 1.35x

*Line of best fit is calculated by linear regression .

BME:LGT PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 16.03x ÷ 16.5%

0.97x

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

  • Lingotes Especiales is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Lingotes Especiales's assets?
Raw Data
BME:LGT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €4.45
BME:LGT Share Price * BME (2019-04-18) in EUR €14.75
Europe Auto Components Industry PB Ratio Median Figure of 47 Publicly-Listed Auto Components Companies 1.51x
Spain Market PB Ratio Median Figure of 180 Publicly-Listed Companies 1.84x
BME:LGT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BME:LGT Share Price ÷ Book Value per Share (both in EUR)

= 14.75 ÷ 4.45

3.32x

* Primary Listing of Lingotes Especiales.

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

  • Lingotes Especiales is overvalued based on assets compared to the Europe Auto Components industry average.
X
Value checks
We assess Lingotes Especiales'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 Auto Components 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 Auto Components industry average (and greater than 0)? (1 check)
  5. Lingotes Especiales 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.

Future Performance

 How is Lingotes Especiales expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
16.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Lingotes Especiales expected to grow at an attractive rate?
  • Lingotes Especiales's earnings growth is expected to exceed the low risk savings rate of 1.5%.
Growth vs Market Checks
  • Lingotes Especiales's earnings growth is expected to exceed the Spain market average.
  • Lingotes Especiales's revenue growth is positive but not above the Spain market average.
Annual Growth Rates Comparison
Raw Data
BME:LGT Future Growth Rates Data Sources
Data Point Source Value (per year)
BME:LGT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 16.5%
BME:LGT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 3.9%
Europe Auto Components Industry Earnings Growth Rate Market Cap Weighted Average 7%
Europe Auto Components Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
Spain Market Earnings Growth Rate Market Cap Weighted Average 9.8%
Spain Market Revenue Growth Rate Market Cap Weighted Average 5.4%

*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
BME:LGT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BME:LGT Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 124 23 13 1
2019-12-31 122 21 12 1
BME:LGT Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 115 12 9
2018-09-30 114 13 10
2018-06-30 114 13 10
2018-03-31 109 12 10
2017-12-31 104 10 9
2017-09-30 102 12 9
2017-06-30 100 14 9
2017-03-31 97 16 10
2016-12-31 95 18 10
2016-09-30 92 18 10
2016-06-30 89 18 9
2016-03-31 83 17 8

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Lingotes Especiales's earnings are expected to grow by 16.5% yearly, however this is not considered high growth (20% yearly).
  • Lingotes Especiales's revenue is expected to grow by 3.9% yearly, however this is not considered high growth (20% yearly).
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
BME:LGT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Lingotes Especiales Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BME:LGT Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 1.29 1.29 1.29 1.00
2019-12-31 1.16 1.16 1.16 1.00
BME:LGT Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 0.92
2018-09-30 0.98
2018-06-30 1.03
2018-03-31 0.96
2017-12-31 0.89
2017-09-30 0.90
2017-06-30 0.90
2017-03-31 0.97
2016-12-31 1.05
2016-09-30 1.00
2016-06-30 0.94
2016-03-31 0.80

*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.
  • Lingotes Especiales is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Lingotes Especiales'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.
Lingotes Especiales has a total score of 3/6, 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.

Past Performance

  How has Lingotes Especiales 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 Lingotes Especiales's growth in the last year to its industry (Auto Components).
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.
  • Lingotes Especiales has delivered over 20% year on year earnings growth in the past 5 years.
  • Lingotes Especiales's 1-year earnings growth is less than its 5-year average (3% vs 22.2%)
  • Lingotes Especiales's earnings growth has exceeded the Europe Auto Components industry average in the past year (3% vs -0.9%).
Earnings and Revenue History
Lingotes Especiales'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 Lingotes Especiales Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BME:LGT Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 114.98 9.20 28.12
2018-09-30 114.43 9.74 27.86
2018-06-30 113.89 10.27 27.59
2018-03-31 109.18 9.60 27.16
2017-12-31 104.47 8.93 26.73
2017-09-30 102.11 8.96 25.98
2017-06-30 99.75 8.99 25.23
2017-03-31 97.22 9.74 24.66
2016-12-31 94.70 10.49 24.08
2016-09-30 91.92 9.97 23.86
2016-06-30 89.15 9.46 23.64
2016-03-31 83.48 8.09 21.76
2015-12-31 77.82 6.72 19.89
2015-09-30 72.80 6.05 18.84
2015-06-30 67.79 5.38 17.79
2015-03-31 65.04 4.68 17.49
2014-12-31 62.29 3.98 17.19
2014-09-30 60.63 3.67 16.80
2014-06-30 58.97 3.37 16.41
2014-03-31 58.46 2.94 16.10
2013-12-31 57.94 2.52 15.79
2013-09-30 56.48 1.93 15.54
2013-06-30 55.02 1.35 15.29
2013-03-31 55.49 0.80 15.96
2012-12-31 55.96 0.26 16.62
2012-09-30 59.24 0.45 16.84
2012-06-30 62.52 0.65 17.07

*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.
  • Lingotes Especiales has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Lingotes Especiales used its assets more efficiently than the Europe Auto Components industry average last year based on Return on Assets.
  • Lingotes Especiales has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Lingotes Especiales'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 Auto Components 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.
Lingotes Especiales has a total score of 5/6, 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.

Health

 How is Lingotes Especiales'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 Lingotes Especiales's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Lingotes Especiales is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Lingotes Especiales's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Lingotes Especiales'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 1.5x 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 Lingotes Especiales Company Filings, last reported 3 months ago.

BME:LGT Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 44.45 23.10 6.08
2018-09-30 44.45 23.10 6.08
2018-06-30 40.95 15.35 4.12
2018-03-31 40.95 15.35 4.12
2017-12-31 42.29 15.84 5.14
2017-09-30 42.29 15.84 5.14
2017-06-30 37.71 10.85 2.02
2017-03-31 37.71 10.85 2.02
2016-12-31 41.39 11.98 8.88
2016-09-30 41.39 11.98 8.88
2016-06-30 36.74 7.12 7.39
2016-03-31 36.74 7.12 7.39
2015-12-31 35.84 8.71 10.91
2015-09-30 35.84 8.71 10.91
2015-06-30 31.41 10.06 8.66
2015-03-31 31.41 10.06 8.66
2014-12-31 32.09 10.21 4.53
2014-09-30 32.09 10.21 4.53
2014-06-30 29.48 8.04 3.56
2014-03-31 29.48 8.04 3.56
2013-12-31 33.32 8.67 8.63
2013-09-30 33.32 8.67 8.63
2013-06-30 32.94 10.19 8.00
2013-03-31 32.94 10.19 8.00
2012-12-31 32.11 12.01 4.84
2012-09-30 32.11 12.01 4.84
2012-06-30 31.62 11.01 4.66
  • Lingotes Especiales's level of debt (52%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (26% vs 52% today).
  • Debt is well covered by operating cash flow (52%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 52.8x coverage).
X
Financial health checks
We assess Lingotes Especiales'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. Lingotes Especiales has a total score of 4/6, 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.

Dividends

 What is Lingotes Especiales'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
4.77%
Current annual income from Lingotes Especiales dividends. Estimated to be 6.17% next year.
If you bought €2,000 of Lingotes Especiales shares you are expected to receive €95 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?
  • Lingotes Especiales's pays a higher dividend yield than the bottom 25% of dividend payers in Spain (1.87%).
  • Lingotes Especiales's dividend is below the markets top 25% of dividend payers in Spain (5.04%).
Upcoming dividend payment

Purchase Lingotes Especiales before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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
BME:LGT 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 1 Analyst Estimates (S&P Global) See Below
Europe Auto Components Industry Average Dividend Yield Market Cap Weighted Average of 34 Stocks 3.2%
Spain Market Average Dividend Yield Market Cap Weighted Average of 75 Stocks 4.3%
Spain Minimum Threshold Dividend Yield 10th Percentile 1.1%
Spain Bottom 25% Dividend Yield 25th Percentile 1.9%
Spain Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

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

BME:LGT Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.96 1.00
2019-12-31 0.86 1.00
BME:LGT Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2018-07-20 0.704 4.791
2018-02-27 0.704 3.959
2017-07-21 0.802 4.806
2017-02-27 0.802 4.052
2016-08-23 0.494 3.227
2016-02-29 0.494 4.086
2015-07-24 0.724 8.838
2015-06-19 0.724 11.429
2014-02-28 0.222 5.582
2013-07-26 0.222 8.552
2013-05-15 0.000 0.000
2013-03-22 0.000 0.000
2012-08-03 0.222 9.836
2012-02-29 0.222 9.166
2012-02-28 0.222 8.334
2011-02-28 0.219 7.645
2011-02-25 0.216 6.955
2010-03-25 0.096 3.216
2009-10-30 0.000 0.000
2009-07-31 0.000 0.000
2009-05-15 0.000 0.000
2009-04-22 0.213 9.187

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 increased over the past 10 years.
Current Payout to shareholders
What portion of Lingotes Especiales's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.3x coverage).
X
Income/ dividend checks
We assess Lingotes Especiales's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 Lingotes Especiales afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Lingotes Especiales has a total score of 4/6, see the detailed checks below.


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

Management

 What is the CEO of Lingotes Especiales'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.
CEO
Felix Cano de la Fuente
COMPENSATION €167,000
CEO Bio

Mr. Felix Cano de la Fuente serves as the Chief Executive Officer and Managing Director of Lingotes Especiales SA and has been its Executive Director since June 27, 2008.

CEO Compensation
  • Felix's compensation has been consistent with company performance over the past year.
  • Felix's remuneration is higher than average for companies of similar size in Spain.
Management Team

Vicente Garrido Capa

TITLE
Executive Chairman
COMPENSATION
€203K

Felix Cano de la Fuente

TITLE
Chief Executive Officer
COMPENSATION
€167K

Marcos Gago Herraez

TITLE
Human Resources Director
Board of Directors Tenure

Average tenure of the Lingotes Especiales board of directors in years:

15.7
Average Tenure
  • The average tenure for the Lingotes Especiales board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Felix Cano de la Fuente

TITLE
Chief Executive Officer
COMPENSATION
€167K
TENURE
10.8 yrs

Javier Dale Rodriguez

TITLE
External Vice-President of the Board of Directors
TENURE
12.4 yrs

Vicente Garrido Capa

TITLE
Executive Chairman
COMPENSATION
€203K
TENURE
29.4 yrs

Yolanda Marina García

TITLE
Independent Director
TENURE
11.8 yrs

Didio Cuadrado Garcia

TITLE
Independent Director
COMPENSATION
€37K
TENURE
29.4 yrs

Francisco Galindo Martin

TITLE
Independent Director
COMPENSATION
€38K
TENURE
29.4 yrs

Vicente Garrido Martín

TITLE
External Director
TENURE
17.5 yrs

Eduardo de la Concha

TITLE
External Director
COMPENSATION
€38K
TENURE
29.4 yrs

Angel Mosquera Llamas

TITLE
External Director
COMPENSATION
€38K
TENURE
13.8 yrs

Luis Oliveri Gandarillas

TITLE
Independent Director
COMPENSATION
€38K
TENURE
10.8 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 (€)
05. Feb 19 Buy Pablo Garrido Martin Individual 23. Oct 18 21. Jan 19 1,700 €15.52 €23,768
22. Jan 19 Buy Pablo Garrido Martin Individual 21. Jan 19 21. Jan 19 500 €15.52 €7,760
11. Jan 19 Buy Pablo Garrido Martin Individual 10. Jan 19 10. Jan 19 500 €14.50 €7,250
09. Jan 19 Buy Pablo Garrido Martin Individual 08. Jan 19 08. Jan 19 500 €13.10 €6,550
21. Dec 18 Buy Pablo Garrido Martin Individual 20. Dec 18 21. Dec 18 1,000 €11.26 €11,232
08. Aug 18 Buy Pablo Garrido Martin Individual 08. Aug 18 08. Aug 18 1,000 €17.20 €17,200
X
Management checks
We assess Lingotes Especiales'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. Lingotes Especiales 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.

News

Simply Wall St News

Estimating The Fair Value Of Lingotes Especiales, S.A. (BME:LGT)

by projecting its future cash flows and then discounting them to today's value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model? … We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company's cash flows

Simply Wall St -

If You Had Bought Lingotes Especiales (BME:LGT) Shares Five Years Ago You'd Have Made 353%

And highest quality companies can see their share prices grow by huge amounts. … (BME:LGT) share price has soared 353% over five years. … In the last week the share price is up 1.0%.

Simply Wall St -

Should You Be Impressed By Lingotes Especiales, S.A.'s (BME:LGT) ROE?

We'll use ROE to examine Lingotes Especiales, S.A. … One way to conceptualize this, is that for each €1 of shareholders' equity it has, the company made €0.21 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is Lingotes Especiales, S.A. (BME:LGT) A Smart Choice For Dividend Investors?

A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. … Historically, Lingotes Especiales, S.A. … Let's take a look at Lingotes Especiales in more detail.

Simply Wall St -

At €14.40, Is Lingotes Especiales, S.A. (BME:LGT) Worth Looking At Closely?

(BME:LGT), which is in the auto components business, and is based in Spain,. … So, could the stock still be trading at a low price relative to its actual value. … Let’s take a look at Lingotes Especiales’s outlook and value based on the most recent financial data to see if the opportunity still exists

Simply Wall St -

Is Lingotes Especiales, S.A.’s (BME:LGT) 24% ROCE Any Good?

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Understanding Return On Capital Employed (ROCE). … Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)

Simply Wall St -

What does Lingotes Especiales, S.A.'s (BME:LGT) Balance Sheet Tell Us About Its Future?

(BME:LGT) is a small-cap stock with a market capitalization of €146m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Evaluating financial health as part of your investment thesis is

Simply Wall St -

Is Lingotes Especiales, S.A. (BME:LGT) A Volatile Stock?

Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

Don't Sell Lingotes Especiales, S.A. (BME:LGT) Before You Read This

To keep it practical, we'll show how Lingotes Especiales, S.A.'s (BME:LGT) P/E ratio could help you assess the value on offer. … Lingotes Especiales has a P/E ratio of 10.66, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Could Lingotes Especiales, S.A.'s (BME:LGT) Investor Composition Influence The Stock Price?

Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … We also tend to see lower insider ownership in companies that were previously publicly owned. … Lingotes Especiales is a smaller company with a market capitalization of €132m, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

Company Info

Description

Lingotes Especiales, S.A. engages in the design, development, casting, machining, and assembly of grey and ductile iron components primarily for the automobile industry in Spain. The company is also involved in the machining and assembly of automotive components, primarily brake discs and drums, fly-wheels, or pressure-plates; and provision of finishing services, and coating and other additions to components used in automation industry. It also serves electrical appliances, railways, civil engineering, industrial vehicle, farm machinery, compressor, and other markets. The company also exports its products. Lingotes Especiales, S.A. was founded in 1968 and is headquartered in Valladolid, Spain.

Details
Name: Lingotes Especiales, S.A.
LGT
Exchange: BME
Founded: 1968
€147,500,000
10,000,000
Website: http://www.lingotes.com/de
Address: Lingotes Especiales, S.A.
Calle Colmenares, Nº 5,
Piso 1º,
Valladolid,
Castile and León, 47004,
Spain
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BME LGT Bearer Shares Bolsas y Mercados Espanoles ES EUR 02. Jan 1992
LSE 0F3G Bearer Shares London Stock Exchange GB EUR 02. Jan 1992
BATS-CHIXE LGTE Bearer Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
629
Lingotes Especiales employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/21 20:46
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/02/28
Last earnings filing: 2019/02/28
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.