BME:SGRE

Stock Analysis Report

Siemens Gamesa Renewable Energy

Executive Summary

Siemens Gamesa Renewable Energy, S.A., together with its subsidiaries, engages in the development and construction of wind farms.

Snowflake

Fundamentals

Excellent balance sheet with moderate growth potential.


Similar Companies

Share Price & News

How has Siemens Gamesa Renewable Energy's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.4%

SGRE

2.2%

ES Electrical

0.2%

ES Market


1 Year Return

28.0%

SGRE

20.5%

ES Electrical

7.1%

ES Market

Return vs Industry: SGRE exceeded the Spanish Electrical industry which returned 20.5% over the past year.

Return vs Market: SGRE exceeded the Spanish Market which returned 7.1% over the past year.


Shareholder returns

SGREIndustryMarket
7 Day0.4%2.2%0.2%
30 Day-9.4%0.8%1.4%
90 Day-21.3%2.1%-0.5%
1 Year28.1%28.0%24.1%20.5%10.7%7.1%
3 Yearn/a15.9%6.0%13.4%3.0%
5 Yearn/a60.2%-27.0%8.9%-11.2%

Price Volatility Vs. Market

How volatile is Siemens Gamesa Renewable Energy's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Siemens Gamesa Renewable Energy undervalued compared to its fair value and its price relative to the market?

73.55x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SGRE (€12.23) is trading above our estimate of fair value (€9.76)

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


Price To Earnings Ratio

PE vs Industry: SGRE is poor value based on its PE Ratio (73.5x) compared to the Electrical industry average (19.8x).

PE vs Market: SGRE is poor value based on its PE Ratio (73.5x) compared to the Spanish market (16.6x).


Price to Earnings Growth Ratio

PEG Ratio: SGRE is poor value based on its PEG Ratio (2.1x)


Price to Book Ratio

PB vs Industry: SGRE is good value based on its PB Ratio (1.3x) compared to the XE Electrical industry average (1.9x).


Next Steps

Future Growth

How is Siemens Gamesa Renewable Energy forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?

35.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SGRE's forecast earnings growth (35.5% per year) is above the savings rate (1.5%).

Earnings vs Market: SGRE's earnings (35.5% per year) are forecast to grow faster than the Spanish market (7.7% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: SGRE's revenue (2.5% per year) is forecast to grow slower than the Spanish market (3.7% per year).

High Growth Revenue: SGRE's revenue (2.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SGRE's Return on Equity is forecast to be low in 3 years time (7.1%).


Next Steps

Past Performance

How has Siemens Gamesa Renewable Energy performed over the past 5 years?

-18.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: SGRE's earnings have declined by -18.6% per year over the past 5 years.

Accelerating Growth: SGRE's earnings growth over the past year (139.2%) exceeds its 5-year average (-18.6% per year).

Earnings vs Industry: SGRE earnings growth over the past year (139.2%) exceeded the Electrical industry 0.7%.


Return on Equity

High ROE: SGRE's Return on Equity (1.9%) is considered low.


Return on Assets

ROA vs Industry: SGRE's Return on Assets is below or equal to the Electrical industry average last year.


Return on Capital Employed

ROCE Improving: SGRE's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Siemens Gamesa Renewable Energy's financial position?


Financial Position Analysis

Short Term Liabilities: SGRE's short term assets (€7.5B) exceeds its short term liabilities (€7.4B)

Long Term Liabilities: SGRE's short term assets (7.5B) exceeds its long term liabilities (2.7B)


Debt to Equity History and Analysis

Debt Level: SGRE's debt to equity ratio (18.5%) is considered satisfactory

Reducing Debt: Insufficient data to determine if SGRE's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: SGRE's debt is well covered by operating cash flow (39.3%).

Interest Coverage: SGRE's interest payments on its debt are well covered by EBIT (9.9x coverage).


Balance Sheet

Inventory Level: SGRE has a high level of physical assets or inventory.

Debt Coverage by Assets: SGRE's debt is covered by short term assets (assets are 6.558300x debt).


Next Steps

Dividend

What is Siemens Gamesa Renewable Energy's current dividend yield, its reliability and sustainability?

1.48%

Forecast Dividend Yield


Dividend Yield vs Market

company0%marketbottom25%2.3%markettop25%5.6%industryaverage2.8%forecastin3Years1.5%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate SGRE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate SGRE's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if SGRE's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SGRE's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: SGRE is not paying a notable dividend for the Spanish market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SGRE's dividend in 3 years as they are not forecast to pay a notable one for the Spanish market.


Next Steps

Management

What is the CEO of Siemens Gamesa Renewable Energy's salary, the management and board of directors tenure and is there insider trading?

0.9yrs

Average management tenure


CEO

Markus Tacke 0

0yrs

Tenure

0

Dr. Markus Tacke serves as the Chief Executive Officer and an Executive Director of Gamesa Corporación Tecnológica, S.A. Dr. Tacke serves as Chief Executive Officer of Siemens Gamesa Renewable Energy Divis ...


Management Age and Tenure

0.9yrs

Average Tenure

Experienced Management: SGRE's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.


Board Age and Tenure

4.4yrs

Average Tenure

54.5yo

Average Age

Experienced Board: SGRE's board of directors are considered experienced (4.4 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Sell€12,91202 Jan 19
Gloria Hernández Garcia
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,200
Max Price€10.76

Ownership Breakdown


Management Team

  • Andreas Nauen (55yo)

    Offshore Chief Executive Officer

    • Tenure: 0yrs
  • Alan Feeley

    Chief Information & Cyber Security Officer

    • Tenure: 0yrs
  • David Mesonero Molina

    Head of Corporate Development

    • Tenure: 0.8yrs
  • Mark Albenze

    Chief Executive Officer of Service Business Unit

    • Tenure: 0yrs
  • Markus Tacke

    CEO & Executive Director

    • Tenure: 0yrs
  • Christoph Wollny

    Chief Operating Officer

    • Tenure: 0.9yrs
  • Carlos Albi

    Managing Director of Corporate Development & Strategy

    • Tenure: 1yrs
  • Antonio de la Torre

    Chief Technology Officer

    • Tenure: 0yrs
  • Javier Fernández-Combarro

    Human Resources Director

    • Tenure: 0yrs
  • Gregorio Acero

    Global Head of QM&HSE

    • Tenure: 0yrs

Board Members

  • Klaus Rosenfeld (53yo)

    Non-Executive Independent Director

    • Tenure: 0yrs
  • Ralf Peter Thomas (58yo)

    Non-Executive Proprietary Director

    • Tenure: 0yrs
  • Lisa Davis (56yo)

    Non-Executive Proprietary Director

    • Tenure: 0yrs
  • Markus Tacke

    CEO & Executive Director

    • Tenure: 0yrs
  • Gloria Hernández Garcia

    Independent Director

    • Tenure: 4.4yrs
  • Andoni Cendoya Aranzamendi

    Independent Director

    • Tenure: 4.4yrs
  • Mariel von Schumann (48yo)

    Non-Executive Proprietary Director

    • Tenure: 0yrs
  • Carlos Rodríguez-Quiroga Menéndez

    Secretary & Executive Director

    • Tenure: 18.1yrs
  • Miguel Ángel López

    Non-Executive Chairman

    • Tenure: 0.8yrs
  • Rudolf Krämmer

    Independent Director

    • Tenure: 0.7yrs

Company Information

Siemens Gamesa Renewable Energy, S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Siemens Gamesa Renewable Energy, S.A.
  • Ticker: SGRE
  • Exchange: BME
  • Founded: 1976
  • Industry: Heavy Electrical Equipment
  • Sector: Capital Goods
  • Market Cap: €8.310b
  • Shares outstanding: 679.51m
  • Website: https://www.siemensgamesa.com

Number of Employees


Location

  • Siemens Gamesa Renewable Energy, S.A.
  • Parque Tecnologico de Bizkaia
  • Edificio 222
  • Zamudio
  • Basque Country
  • 48170
  • Spain

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GCTA.FOTCPK (Pink Sheets LLC)YesShare CapitalUSUSDApr 2017
SGREBME (Bolsas y Mercados Espanoles)YesShare CapitalESEURApr 2017
GTQ1DB (Deutsche Boerse AG)YesShare CapitalDEEURApr 2017
0H4NLSE (London Stock Exchange)YesShare CapitalGBEURApr 2017
GTQ1XTRA (XETRA Trading Platform)YesShare CapitalDEEURApr 2017
SGRE NBMV (Bolsa Mexicana de Valores)YesShare CapitalMXMXNApr 2017
GCTA.YOTCPK (Pink Sheets LLC)Depositary Receipt (Common Stock)USUSDApr 2017
SGREEBATS-CHIXE (BATS 'Chi-X Europe')YesShare CapitalGBEURApr 2017

Biography

Siemens Gamesa Renewable Energy, S.A., together with its subsidiaries, engages in the development and construction of wind farms. It is involved in the engineering, design, production, and sale of wind tur ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 21:51
End of Day Share Price2019/10/22 00:00
Earnings2019/06/30
Annual Earnings2018/09/30


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.