Loading...

Siemens Gamesa Renewable Energy

BME:SGRE
Snowflake Description

Excellent balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SGRE
BME
€10B
Market Cap
  1. Home
  2. ES
  3. Capital Goods
Company description

Siemens Gamesa Renewable Energy, S.A., together with its subsidiaries, engages in the development and construction of wind farms. The last earnings update was 40 days ago. More info.


Add to Portfolio Compare Print
SGRE Share Price and Events
7 Day Returns
2.7%
BME:SGRE
1.4%
Europe Electrical
-0.3%
ES Market
1 Year Returns
13%
BME:SGRE
-7.4%
Europe Electrical
-6%
ES Market
SGRE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Siemens Gamesa Renewable Energy (SGRE) 2.7% 1.2% 9.5% 13% - -
Europe Electrical 1.4% -0.2% 2% -7.4% 0.7% -38%
ES Market -0.3% -0.9% -0.7% -6% 12.9% -19.1%
1 Year Return vs Industry and Market
  • SGRE outperformed the Electrical industry which returned -7.4% over the past year.
  • SGRE outperformed the Market in Spain which returned -6% over the past year.
Price Volatility
SGRE
Industry
5yr Volatility vs Market

SGRE Value

 Is Siemens Gamesa Renewable Energy 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 Siemens Gamesa Renewable Energy 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 Siemens Gamesa Renewable Energy.

BME:SGRE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 17 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.2%
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:SGRE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year ES Govt Bond Rate 1.5%
Equity Risk Premium S&P Global 8.2%
Electrical Unlevered Beta Simply Wall St/ S&P Global 1.15
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.153 (1 + (1- 25%) (14.6%))
1.187
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.19
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.53% + (1.187 * 8.18%)
11.24%

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

The calculations below outline how an intrinsic value for Siemens Gamesa Renewable Energy 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:SGRE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 11.24%)
2019 423.04 Analyst x5 380.31
2020 614.58 Analyst x8 496.69
2021 613.17 Analyst x7 445.50
2022 828.00 Analyst x1 540.81
2023 945.28 Est @ 14.16% 555.05
2024 1,043.32 Est @ 10.37% 550.74
2025 1,123.85 Est @ 7.72% 533.32
2026 1,189.72 Est @ 5.86% 507.55
2027 1,243.97 Est @ 4.56% 477.09
2028 1,289.38 Est @ 3.65% 444.55
Present value of next 10 years cash flows €4,931.62
BME:SGRE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €1,289.38 × (1 + 1.53%) ÷ (11.24% – 1.53%)
€13,481.45
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €13,481.45 ÷ (1 + 11.24%)10
€4,648.16
BME:SGRE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €4,931.62 + €4,648.16
€9,579.78
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €9,579.78 / 679.51
€14.1
BME:SGRE Discount to Share Price
Calculation Result
Value per share (EUR) From above. €14.10
Current discount Discount to share price of €14.83
= -1 x (€14.83 - €14.10) / €14.10
-5.2%

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

  • The current share price of Siemens Gamesa Renewable Energy is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Siemens Gamesa Renewable Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Siemens Gamesa Renewable Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BME:SGRE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €0.20
BME:SGRE Share Price ** BME (2019-06-14) in EUR €14.83
Europe Electrical Industry PE Ratio Median Figure of 55 Publicly-Listed Electrical Companies 20.9x
Spain Market PE Ratio Median Figure of 138 Publicly-Listed Companies 17.5x

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

** Primary Listing of Siemens Gamesa Renewable Energy.

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

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

= 14.83 ÷ 0.20

73.57x

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

  • Siemens Gamesa Renewable Energy is overvalued based on earnings compared to the Europe Electrical industry average.
  • Siemens Gamesa Renewable Energy is overvalued based on earnings compared to the Spain market.
Price based on expected Growth
Does Siemens Gamesa Renewable Energy's expected growth come at a high price?
Raw Data
BME:SGRE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 73.57x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts
31.1%per year
Europe Electrical Industry PEG Ratio Median Figure of 29 Publicly-Listed Electrical Companies 1.66x
Spain Market PEG Ratio Median Figure of 79 Publicly-Listed Companies 1.6x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 73.57x ÷ 31.1%

2.37x

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

  • Siemens Gamesa Renewable Energy is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Siemens Gamesa Renewable Energy's assets?
Raw Data
BME:SGRE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €9.13
BME:SGRE Share Price * BME (2019-06-14) in EUR €14.83
Europe Electrical Industry PB Ratio Median Figure of 112 Publicly-Listed Electrical Companies 1.95x
Spain Market PB Ratio Median Figure of 185 Publicly-Listed Companies 1.68x
BME:SGRE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 14.83 ÷ 9.13

1.62x

* Primary Listing of Siemens Gamesa Renewable Energy.

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

  • Siemens Gamesa Renewable Energy is good value based on assets compared to the Europe Electrical industry average.
X
Value checks
We assess Siemens Gamesa Renewable Energy'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 Electrical 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 Electrical industry average (and greater than 0)? (1 check)
  5. Siemens Gamesa Renewable Energy has a total score of 1/6, 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.

SGRE Future Performance

 How is Siemens Gamesa Renewable Energy expected to perform in the next 1 to 3 years based on estimates from 17 analysts?

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
31.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Siemens Gamesa Renewable Energy expected to grow at an attractive rate?
  • Siemens Gamesa Renewable Energy's earnings growth is expected to exceed the low risk savings rate of 1.5%.
Growth vs Market Checks
  • Siemens Gamesa Renewable Energy's earnings growth is expected to exceed the Spain market average.
  • Siemens Gamesa Renewable Energy's revenue growth is expected to exceed the Spain market average.
Annual Growth Rates Comparison
Raw Data
BME:SGRE Future Growth Rates Data Sources
Data Point Source Value (per year)
BME:SGRE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts 31.1%
BME:SGRE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 17 Analysts 4%
Europe Electrical Industry Earnings Growth Rate Market Cap Weighted Average 18.1%
Europe Electrical Industry Revenue Growth Rate Market Cap Weighted Average 4.6%
Spain Market Earnings Growth Rate Market Cap Weighted Average 7.8%
Spain Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*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:SGRE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BME:SGRE Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-09-30 12,304 1
2022-09-30 11,636 1,224 493 2
2021-09-30 11,247 1,059 534 14
2020-09-30 10,985 986 513 17
2019-09-30 10,452 634 264 12
BME:SGRE Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-03-31 9,405 445 137
2018-12-31 9,257 304 123
2018-09-30 9,122 729 70
2017-09-30 8,718 -465 -20
2017-06-30 7,191 437 331
2017-03-31 6,677 650 387
2016-12-31 6,164 863 443

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Siemens Gamesa Renewable Energy's earnings are expected to grow significantly at over 20% yearly.
  • Siemens Gamesa Renewable Energy's revenue is expected to grow by 4% 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:SGRE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below

All data from Siemens Gamesa Renewable Energy Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BME:SGRE Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-09-30
2022-09-30
2021-09-30 0.81 1.02 0.63 8.00
2020-09-30 0.73 0.94 0.54 11.00
2019-09-30 0.38 0.41 0.35 8.00
BME:SGRE Past Financials Data
Date (Data in EUR Millions) EPS *
2019-03-31 0.20
2018-12-31 0.18
2018-09-30 0.10
2017-09-30 -0.03
2017-06-30 0.71
2017-03-31 0.89
2016-12-31 1.10

*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.
  • Siemens Gamesa Renewable Energy is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Siemens Gamesa Renewable Energy'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.
Siemens Gamesa Renewable Energy has a total score of 4/6, 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.

SGRE Past Performance

  How has Siemens Gamesa Renewable Energy 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 Siemens Gamesa Renewable Energy's growth in the last year to its industry (Electrical).
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.
  • Siemens Gamesa Renewable Energy's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Siemens Gamesa Renewable Energy's 1-year earnings growth exceeds its 5-year average (453.6% vs -16.5%)
  • Siemens Gamesa Renewable Energy's earnings growth has exceeded the Europe Electrical industry average in the past year (453.6% vs 4.3%).
Earnings and Revenue History
Siemens Gamesa Renewable Energy'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 Siemens Gamesa Renewable Energy Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BME:SGRE Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 9,404.84 136.92 529.06 157.70
2018-12-31 9,257.27 122.99 548.50 172.59
2018-09-30 9,122.27 69.99 567.50 165.59
2017-09-30 8,717.60 -20.28 525.60 187.94
2017-06-30 7,190.53 330.88 401.12 199.29
2017-03-31 6,677.21 386.89 345.49 198.84
2016-12-31 6,163.90 442.90 289.86 198.39
2015-12-31 0.00

*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.
  • Siemens Gamesa Renewable Energy has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Siemens Gamesa Renewable Energy used its assets less efficiently than the Europe Electrical industry average last year based on Return on Assets.
  • Siemens Gamesa Renewable Energy's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Siemens Gamesa Renewable Energy'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 Electrical 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.
Siemens Gamesa Renewable Energy has a total score of 2/6, 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.

SGRE Health

 How is Siemens Gamesa Renewable Energy'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 Siemens Gamesa Renewable Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Siemens Gamesa Renewable Energy is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Siemens Gamesa Renewable Energy's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Siemens Gamesa Renewable Energy'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 4.9x 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 Siemens Gamesa Renewable Energy Company Filings, last reported 2 months ago.

BME:SGRE Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 6,206.46 1,470.31 1,438.90
2018-12-31 6,055.00 1,960.00 2,311.00
2018-09-30 5,930.95 1,813.79 2,517.54
2017-09-30 6,084.85 1,284.43 1,756.49
2017-06-30 6,610.63 1,241.62 1,659.13
2017-03-31 586.11 1.83 244.33
2016-12-31 586.11 1.83 244.33
2015-12-31 0.00 0.00 0.00
  • Siemens Gamesa Renewable Energy's level of debt (23.7%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Siemens Gamesa Renewable Energy's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (30.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 11x coverage).
X
Financial health checks
We assess Siemens Gamesa Renewable Energy'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. Siemens Gamesa Renewable Energy has a total score of 5/6, 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.

SGRE Dividends

 What is Siemens Gamesa Renewable Energy'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
0%
Current annual income from Siemens Gamesa Renewable Energy dividends. Estimated to be 1.31% next year.
If you bought €2,000 of Siemens Gamesa Renewable Energy shares you are expected to receive €0 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?
  • Unable to evaluate Siemens Gamesa Renewable Energy's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Siemens Gamesa Renewable Energy's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:SGRE 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 17 Analyst Estimates (S&P Global) See Below
Europe Electrical Industry Average Dividend Yield Market Cap Weighted Average of 41 Stocks 3%
Spain Market Average Dividend Yield Market Cap Weighted Average of 77 Stocks 4.4%
Spain Minimum Threshold Dividend Yield 10th Percentile 1.2%
Spain Bottom 25% Dividend Yield 25th Percentile 2.2%
Spain Top 25% Dividend Yield 75th Percentile 5.2%

Industry and Market average data is calculated daily.

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

BME:SGRE Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-09-30
2022-09-30 0.17 1.00
2021-09-30 0.24 15.00
2020-09-30 0.21 18.00
2019-09-30 0.12 12.00
BME:SGRE Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2018-07-27 0.000 0.000
2018-05-04 0.000 0.000
2018-01-30 0.000 0.000
2017-12-01 0.000 0.000

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

  • Unable to perform a dividend volatility check as Siemens Gamesa Renewable Energy has not reported any payouts.
  • Unable to verify if Siemens Gamesa Renewable Energy's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Siemens Gamesa Renewable Energy's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Siemens Gamesa Renewable Energy has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.7x coverage).
X
Income/ dividend checks
We assess Siemens Gamesa Renewable Energy's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - 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 Siemens Gamesa Renewable Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Siemens Gamesa Renewable Energy has a total score of 1/6, see the detailed checks below.


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

SGRE Management

 What is the CEO of Siemens Gamesa Renewable Energy'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
Markus Tacke
CEO Bio

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 Division at Siemens Aktiengesellschaft since 2019. Dr. Tacke served as the Chief Executive Officer of Wind Power at Siemens Aktiengesellschaft and served as its Chief Executive Officer of Wind Power and Renewables until April 2017. Dr. Tacke serves as Chairman of the Board of European Wind Energy Association. He started his professional career in Ways&Freytag AG and joined Siemens group in 1998, having held a number of relevant positions. He holds a Mechanical Engineering Degree from the Technical University of Darmstadt (Germany), Master Degree of Engineering by Cornell University (USA) and a PhD by the Technical University of Darmstadt (Germany).

CEO Compensation
  • Insufficient data for Markus to compare compensation growth.
  • Insufficient data for Markus to establish whether their remuneration is reasonable compared to companies of similar size in Spain.
Management Team Tenure

Average tenure of the Siemens Gamesa Renewable Energy management team in years:

0.6
Average Tenure
  • The average tenure for the Siemens Gamesa Renewable Energy management team is less than 2 years, this suggests a new team.
Management Team

Markus Tacke

TITLE
CEO & Executive Director

David Mesonero Molina

TITLE
Head of Corporate Development
TENURE
0.5 yrs

Christoph Wollny

TITLE
Chief Operating Officer
TENURE
0.6 yrs

Antonio de la Torre

TITLE
Chief Technology Officer

Alan Feeley

TITLE
Chief Information & Cyber Security Officer

Mara Cortina

TITLE
Managing Director of Communication and Institutional Relations
AGE
56
TENURE
2 yrs

Javier Fernández-Combarro

TITLE
Human Resources Director

Andreas Nauen

TITLE
Offshore Chief Executive Officer
AGE
54

Carlos Albi

TITLE
Managing Director of Corporate Development & Strategy
TENURE
0.7 yrs

Gregorio Acero

TITLE
Global Head of QM&HSE
Board of Directors Tenure

Average tenure and age of the Siemens Gamesa Renewable Energy board of directors in years:

4.1
Average Tenure
53.5
Average Age
  • The tenure for the Siemens Gamesa Renewable Energy board of directors is about average.
Board of Directors

Miguel López

TITLE
Non-Executive Chairman
TENURE
0.5 yrs

Markus Tacke

TITLE
CEO & Executive Director

Carlos Rodríguez-Quiroga Menéndez

TITLE
Secretary & Executive Director
TENURE
17.8 yrs

Andoni Cendoya Aranzamendi

TITLE
Independent Director
TENURE
4.1 yrs

Gloria Hernández Garcia

TITLE
Independent Director
TENURE
4.1 yrs

Rudolf Krämmer

TITLE
Independent Director
TENURE
0.3 yrs

Mariel von Schumann

TITLE
Non-Executive Proprietary Director
AGE
47

Lisa Davis

TITLE
Non-Executive Proprietary Director
AGE
55

Ralf Thomas

TITLE
Non-Executive Proprietary Director
AGE
57

Klaus Rosenfeld

TITLE
Non-Executive Independent Director
AGE
52
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 (€)
02. Jan 19 Sell Gloria Hernández Garcia Individual 27. Dec 18 27. Dec 18 -1,200 €10.76 €-12,912
X
Management checks
We assess Siemens Gamesa Renewable Energy'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. Siemens Gamesa Renewable Energy 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.

SGRE News

Simply Wall St News

What Type Of Shareholder Owns Siemens Gamesa Renewable Energy, S.A.'s (BME:SGRE)?

See our latest analysis for Siemens Gamesa Renewable Energy BME:SGRE Ownership Summary, June 4th 2019 What Does The Institutional Ownership Tell Us About Siemens Gamesa Renewable Energy? … We can see that Siemens Gamesa Renewable Energy does have institutional investors; and they hold 13% of the stock. … Insider Ownership Of Siemens Gamesa Renewable Energy The definition of an insider can differ slightly between different countries, but members of the board of directors always count.

Simply Wall St -

Why Siemens Gamesa Renewable Energy, S.A. (BME:SGRE) Could Be Your Next Investment

I've been keeping an eye on Siemens Gamesa Renewable Energy, S.A. … Excellent balance sheet with reasonable growth potential Investors in search for stocks with room to flourish should look no further than SGRE, with its expected earinngs growth of 38%, bolstered by its outstanding cash-generating ability, as analysts predict its operating cash flows will more than double over the same time period. … BME:SGRE Past and Future Earnings, May 16th 2019 Next Steps: For Siemens Gamesa Renewable Energy, there are three key aspects you should look at: Historical Performance: What has SGRE's returns been like over the past?

Simply Wall St -

Is Siemens Gamesa Renewable Energy, S.A. (BME:SGRE) Investing Your Capital Efficiently?

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. … What is Return On Capital Employed (ROCE)? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

Should Siemens Gamesa Renewable Energy (BME:SGRE) Be Disappointed With Their 11% Profit?

We'll need to follow Siemens Gamesa Renewable Energy for a while to get a better sense of its share price trend, since it hasn't been listed for particularly long. … Siemens Gamesa Renewable Energy went from making a loss to reporting a profit, in the last year. … When a company has just transitioned to profitability, earnings per share growth is not always the best way to look at the share price action.

Simply Wall St -

Should You Be Concerned About Siemens Gamesa Renewable Energy, S.A.'s (BME:SGRE) ROE?

We'll use ROE to examine Siemens Gamesa Renewable Energy, S.A. … Our data shows Siemens Gamesa Renewable Energy has a return on equity of 2.0% for the last year. … Check out our latest analysis for Siemens Gamesa Renewable Energy?

Simply Wall St -

A Look At The Intrinsic Value Of Siemens Gamesa Renewable Energy, S.A. (BME:SGRE)

Help shape the future of investing tools and receive a $20 prize! … by taking the foreast future cash flows of the company and discounting them back 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.

Simply Wall St -

Is Siemens Gamesa Renewable Energy, S.A. (BME:SGRE) Struggling With Its 3.5% Return On Capital Employed?

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Understanding Return On Capital Employed (ROCE). … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

What Kind Of Shareholders Own Siemens Gamesa Renewable Energy SA (BME:SGRE)?

If you want to know who really controls Siemens Gamesa Renewable Energy SA (BME:SGRE), then you'll have to look at the makeup of its share registry. … With a market capitalization of €8.5b, Siemens Gamesa Renewable Energy is rather large. … Check out our latest analysis for Siemens Gamesa Renewable Energy

Simply Wall St -

Siemens Gamesa Renewable Energy SA (BME:SGRE) Is Trading At A 39.35% Discount

In this article I am going to calculate the intrinsic value of Siemens Gamesa Renewable Energy SA (BME:SGRE). … by taking the expected future cash flows and discounting them to their present value. … If you are reading this and its not November 2018 then I highly recommend you check out the latest calculation for Siemens Gamesa Renewable Energy by following the link below

Simply Wall St -

Why Siemens Gamesa Renewable Energy SA's (BME:SGRE) Ownership Structure Is Important

I am going to take a deep dive into Siemens Gamesa Renewable Energy SA’s (BME:SGRE) most recent ownership structure, not a frequent subject of discussion among individual investors. … View our latest analysis for Siemens Gamesa Renewable Energy … BME:SGRE Ownership Summary July 27th 18

Simply Wall St -

SGRE Company Info

Description

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 turbines and related components. It operates through two segments, Wind Turbines and Operation and Maintenance. The Wind Turbines segment offers wind turbines for various pitch and speed technologies, as well as provides development, construction, and sale of wind farms. The Operation and Maintenance segment engages in the management, monitoring, and maintenance of wind farms. It operates in approximately 90 countries, with a total capacity base of over 89 gigawatts. The company was formerly known as Gamesa Corporación Tecnológica, Sociedad Anónima and changed its name to Siemens Gamesa Renewable Energy, S.A. in May 2017. The company was founded in 1976 and is headquartered in Zamudio, Spain.

Details
Name: Siemens Gamesa Renewable Energy, S.A.
SGRE
Exchange: BME
Founded: 1976
€10,073,666,339
679,505,318
Website: http://www.siemensgamesa.com
Address: Siemens Gamesa Renewable Energy, S.A.
Parque Tecnológico de Bizkaia,
Edificio 222,
Zamudio,
Basque Country, 48170,
Spain
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BME SGRE Share Capital Bolsas y Mercados Espanoles ES EUR 04. Apr 2017
OTCPK GCTA.F Share Capital Pink Sheets LLC US USD 04. Apr 2017
DB GTQ1 Share Capital Deutsche Boerse AG DE EUR 04. Apr 2017
XTRA GTQ1 Share Capital XETRA Trading Platform DE EUR 04. Apr 2017
LSE 0H4N Share Capital London Stock Exchange GB EUR 04. Apr 2017
BMV SGRE N Share Capital Bolsa Mexicana de Valores MX MXN 04. Apr 2017
BATS-CHIXE SGREE Share Capital BATS 'Chi-X Europe' GB EUR 04. Apr 2017
OTCPK GCTA.Y Depositary Receipt (Common Stock) Pink Sheets LLC US USD 04. Apr 2017
Number of employees
Current staff
Staff numbers
23,562
Siemens Gamesa Renewable Energy employees.
Industry
Heavy Electrical Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/16 22:29
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/06/06
Last earnings filing: 2019/05/07
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/09/30


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.