BME:VID

Stock Analysis Report

Executive Summary

Vidrala, S.A. manufactures and sells glass containers in Spain, the United Kingdom/Ireland, France, Italy, Portugal, and internationally.

Snowflake

Fundamentals

Solid track record with adequate balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: VID has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

5.9%

VID

1.4%

ES Packaging

-1.1%

ES Market


1 Year Return

27.9%

VID

17.6%

ES Packaging

3.0%

ES Market

Return vs Industry: VID exceeded the Spanish Packaging industry which returned 17.6% over the past year.

Return vs Market: VID exceeded the Spanish Market which returned 3% over the past year.


Shareholder returns

VIDIndustryMarket
7 Day5.9%1.4%-1.1%
30 Day17.0%6.8%-0.9%
90 Day14.4%15.1%5.4%
1 Year29.2%27.9%21.6%17.6%6.8%3.0%
3 Year99.9%93.6%35.1%22.2%19.1%8.0%
5 Year198.1%181.6%95.1%66.4%7.7%-10.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

18.04x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: VID (€84.9) is trading above our estimate of fair value (€81.84)

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


Price To Earnings Ratio

PE vs Industry: VID is poor value based on its PE Ratio (18x) compared to the Packaging industry average (15.3x).

PE vs Market: VID is poor value based on its PE Ratio (18x) compared to the Spanish market (16.9x).


Price to Earnings Growth Ratio

PEG Ratio: VID is poor value based on its PEG Ratio (2.9x)


Price to Book Ratio

PB vs Industry: VID is overvalued based on its PB Ratio (3.5x) compared to the XE Packaging industry average (1.5x).


Next Steps

Future Growth

How is Vidrala forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

6.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: VID's forecast earnings growth (6.3% per year) is above the savings rate (1.5%).

Earnings vs Market: VID's earnings (6.3% per year) are forecast to grow slower than the Spanish market (9.6% per year).

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

Revenue vs Market: VID's revenue (2.8% per year) is forecast to grow slower than the Spanish market (3.5% per year).

High Growth Revenue: VID's revenue (2.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: VID's Return on Equity is forecast to be low in 3 years time (16.5%).


Next Steps

Past Performance

How has Vidrala performed over the past 5 years?

19.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VID has high quality earnings.

Growing Profit Margin: VID's current net profit margins (12.9%) are higher than last year (11%).


Past Earnings Growth Analysis

Earnings Trend: VID's earnings have grown by 19.7% per year over the past 5 years.

Accelerating Growth: VID's earnings growth over the past year (29.2%) exceeds its 5-year average (19.7% per year).

Earnings vs Industry: VID earnings growth over the past year (29.2%) exceeded the Packaging industry 2.3%.


Return on Equity

High ROE: VID's Return on Equity (19.3%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Vidrala's financial position?


Financial Position Analysis

Short Term Liabilities: VID's short term assets (€500.0M) exceeds its short term liabilities (€360.7M)

Long Term Liabilities: VID's short term assets (500.0M) exceeds its long term liabilities (418.4M)


Debt to Equity History and Analysis

Debt Level: VID's debt to equity ratio (57.8%) is considered high

Reducing Debt: VID's debt to equity ratio has increased from 29.7% to 57.8% over the past 5 years.

Debt Coverage: VID's debt is well covered by operating cash flow (55.9%).

Interest Coverage: VID's interest payments on its debt are well covered by EBIT (28.8x coverage).


Balance Sheet

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

Debt Coverage by Assets: VID's debt is covered by short term assets (assets are 1.3x debt).


Next Steps

Dividend

What is Vidrala's current dividend yield, its reliability and sustainability?

1.19%

Current Dividend Yield


Dividend Yield vs Market

company1.2%marketbottom25%2.3%markettop25%5.6%industryaverage2.8%forecastin3Years1.4%

Current dividend yield vs market & industry

Notable Dividend: VID's dividend (1.19%) isn’t notable compared to the bottom 25% of dividend payers in the Spanish market (2.31%).

High Dividend: VID's dividend (1.19%) is low compared to the top 25% of dividend payers in the Spanish market (5.64%).


Stability and Growth of Payments

Stable Dividend: VID is not paying a notable dividend for the Spanish market, therefore no need to check if payments are stable.

Growing Dividend: VID is not paying a notable dividend for the Spanish market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of VID'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 Vidrala's salary, the management and board of directors tenure and is there insider trading?

7.7yrs

Average board tenure


CEO

Gorka Schmitt Zalbide 0

0yrs

Tenure

0

Mr. Gorka Schmitt Zalbide serves as Chief Executive Officer at Vidrala, S.A.. Mr. Zalbide served as Commercial Director of Vidrala SA. 


Board Age and Tenure

7.7yrs

Average Tenure

Experienced Board: VID's board of directors are considered experienced (7.7 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

Buy€27,20021 Dec 18
Eduardo Zavala Ortiz de la Torre
EntityIndividual
Role
Member of the Board of Directors
External Independent Director
Shares420
Max Price€64.76
Buy€69,01107 Dec 18
Addvalia Capital, S.A.
EntityCompany
Shares71,040.9
Max Price€0.97

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Carlos Delclaux Zulueta (62yo)

    Chairman & President

    • Tenure: 0yrs
    • Compensation: €135.00k
  • Gorka Schmitt Zalbide

    Chief Executive Officer

    • Tenure: 0yrs
  • Paulo Guerra

    Director of Operations

    • Tenure: 0yrs
  • Rául Gómez Merino

    Financial Economic Director

    • Tenure: 0yrs
  • Iñigo Mendieta de la Rica

    Financial Planning and Investor Relations Officer

    • Tenure: 2.8yrs
  • Joseba Fernandez De Mendia

    Human Resource Director

    • Tenure: 0yrs

Board Members

  • Jan Gunnar Åstrand (72yo)

    Independent Director

    • Tenure: 3.5yrs
  • Carlos Delclaux Zulueta (62yo)

    Chairman & President

    • Tenure: 0yrs
    • Compensation: €135.00k
  • Virginia Urigüen Villalba

    External Independent Director

    • Tenure: 15.8yrs
    • Compensation: €73.00k
  • Eduardo Zavala Ortiz de la Torre

    External Independent Director

    • Tenure: 0yrs
    • Compensation: €73.00k
  • Luis Delclaux Muller

    External Independent Director

    • Tenure: 0yrs
    • Compensation: €73.00k
  • Esteban Errandonea Delclaux

    External Proprietary Director

    • Tenure: 0yrs
    • Compensation: €73.00k
  • Ramón Delclaux de la Sota

    External Proprietary Director

    • Tenure: 0yrs
    • Compensation: €71.00k
  • Teresa Zubizarreta Delclaux

    Independent Director

    • Tenure: 0yrs
    • Compensation: €42.00k
  • Rita Maria de Noronha e Melo Santos Gallo

    Director

    • Tenure: 1.8yrs
  • Aitor Salegui

    Director

    • Tenure: 11.8yrs

Company Information

Vidrala, S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Vidrala, S.A.
  • Ticker: VID
  • Exchange: BME
  • Founded: 1965
  • Industry: Metal and Glass Containers
  • Sector: Materials
  • Market Cap: €2.307b
  • Shares outstanding: 27.18m
  • Website: https://www.vidrala.com

Number of Employees


Location

  • Vidrala, S.A.
  • Barrio Munegazo, 22
  • Laudio/Llodio
  • Basque Country
  • 1400
  • Spain

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VIDBME (Bolsas y Mercados Espanoles)YesOrdinary Bearer SharesESEURJan 1992
0NV7LSE (London Stock Exchange)YesOrdinary Bearer SharesGBEURJan 1992
VIDEBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary Bearer SharesGBEURJan 1992
VIRDB (Deutsche Boerse AG)YesOrdinary Bearer SharesDEEURJan 1992

Biography

Vidrala, S.A. manufactures and sells glass containers in Spain, the United Kingdom/Ireland, France, Italy, Portugal, and internationally. The company was founded in 1965 and is based in Laudio/Llodio, Spai ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/16 20:39
End of Day Share Price2019/11/15 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.