Loading...

Vidrala

BME:VID
Snowflake Description

Solid track record with mediocre balance sheet.

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

Vidrala, S.A. manufactures and sells glass containers in Spain, the United Kingdom/Ireland, France, Italy, Portugal, and internationally. The last earnings update was 140 days ago. More info.


Add to Portfolio Compare Print
VID Share Price and Events
7 Day Returns
1.4%
BME:VID
1.6%
Europe Packaging
0.9%
ES Market
1 Year Returns
-0.3%
BME:VID
-7%
Europe Packaging
-3.3%
ES Market
VID Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Vidrala (VID) 1.4% -4.2% -2.9% -0.3% 63% 142.9%
Europe Packaging 1.6% 2.9% 2.4% -7% 17.4% 61.4%
ES Market 0.9% 1.7% -0.8% -3.3% 12.3% -13%
1 Year Return vs Industry and Market
  • VID outperformed the Packaging industry which returned -7% over the past year.
  • VID outperformed the Market in Spain which returned -3.3% over the past year.
Price Volatility
VID
Industry
5yr Volatility vs Market

Value

 Is Vidrala 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 Vidrala 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 Vidrala.

BME:VID Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.4%
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:VID
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year ES Govt Bond Rate 1.5%
Equity Risk Premium S&P Global 8.2%
Packaging Unlevered Beta Simply Wall St/ S&P Global 0.82
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.818 (1 + (1- 25%) (20.79%))
0.963
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.96
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.53% + (0.963 * 8.18%)
9.41%

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

The calculations below outline how an intrinsic value for Vidrala 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:VID DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 9.41%)
2020 143.96 Analyst x5 131.58
2021 148.48 Analyst x4 124.04
2022 162.50 Analyst x2 124.09
2023 172.60 Analyst x1 120.47
2024 180.68 Est @ 4.68% 115.26
2025 187.42 Est @ 3.73% 109.29
2026 193.18 Est @ 3.07% 102.96
2027 198.22 Est @ 2.61% 96.56
2028 202.75 Est @ 2.28% 90.28
2029 206.91 Est @ 2.06% 84.21
Present value of next 10 years cash flows €1,098.74
BME:VID DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €206.91 × (1 + 1.53%) ÷ (9.41% – 1.53%)
€2,665.80
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €2,665.80 ÷ (1 + 9.41%)10
€1,084.94
BME:VID Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €1,098.74 + €1,084.94
€2,183.68
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €2,183.68 / 25.96
€84.13
BME:VID Discount to Share Price
Calculation Result
Value per share (EUR) From above. €84.13
Current discount Discount to share price of €80.40
= -1 x (€80.40 - €84.13) / €84.13
4.4%

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

Current Discount
Amount off the current price Vidrala is available for.
Intrinsic value
4%
Share price is €80.4 vs Future cash flow value of €84.13
Current Discount Checks
For Vidrala to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Vidrala's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Vidrala'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 Vidrala's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Vidrala's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BME:VID PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €4.47
BME:VID Share Price ** BME (2019-07-17) in EUR €80.4
Europe Packaging Industry PE Ratio Median Figure of 33 Publicly-Listed Packaging Companies 17.88x
Spain Market PE Ratio Median Figure of 141 Publicly-Listed Companies 17.33x

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

** Primary Listing of Vidrala.

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

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

= 80.4 ÷ 4.47

18x

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

  • Vidrala is overvalued based on earnings compared to the Europe Packaging industry average.
  • Vidrala is overvalued based on earnings compared to the Spain market.
Price based on expected Growth
Does Vidrala's expected growth come at a high price?
Raw Data
BME:VID PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 18x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
7.5%per year
Europe Packaging Industry PEG Ratio Median Figure of 18 Publicly-Listed Packaging Companies 1.44x
Spain Market PEG Ratio Median Figure of 82 Publicly-Listed Companies 1.61x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 18x ÷ 7.5%

2.39x

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

  • Vidrala is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Vidrala's assets?
Raw Data
BME:VID PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €23.50
BME:VID Share Price * BME (2019-07-17) in EUR €80.4
Europe Packaging Industry PB Ratio Median Figure of 38 Publicly-Listed Packaging Companies 1.64x
Spain Market PB Ratio Median Figure of 185 Publicly-Listed Companies 1.61x
BME:VID PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 80.4 ÷ 23.50

3.42x

* Primary Listing of Vidrala.

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

  • Vidrala is overvalued based on assets compared to the Europe Packaging industry average.
X
Value checks
We assess Vidrala'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 Packaging 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 Packaging industry average (and greater than 0)? (1 check)
  5. Vidrala has a total score of 0/6, 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 Vidrala expected to perform in the next 1 to 3 years based on estimates from 6 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
7.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Vidrala expected to grow at an attractive rate?
  • Vidrala's earnings growth is expected to exceed the low risk savings rate of 1.5%.
Growth vs Market Checks
  • Vidrala's earnings growth is positive but not above the Spain market average.
  • Vidrala's revenue growth is positive but not above the Spain market average.
Annual Growth Rates Comparison
Raw Data
BME:VID Future Growth Rates Data Sources
Data Point Source Value (per year)
BME:VID Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 7.5%
BME:VID Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 2.7%
Europe Packaging Industry Earnings Growth Rate Market Cap Weighted Average 24.6%
Europe Packaging Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
Spain Market Earnings Growth Rate Market Cap Weighted Average 7.9%
Spain Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*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:VID Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BME:VID Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31 1,087 252 164 2
2021-12-31 1,047 242 142 4
2020-12-31 1,015 231 137 6
2019-12-31 998 214 130 4
BME:VID Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 967 203 116
2018-09-30 936 203 108
2018-06-30 903 204 99
2018-03-31 863 201 94
2017-12-31 826 198 89
2017-09-30 804 178 84
2017-06-30 783 158 79
2017-03-31 778 158 73
2016-12-31 774 158 68
2016-09-30 791 165 67
2016-06-30 808 173 66
2016-03-31 805 156 63

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Vidrala's earnings are expected to grow by 7.5% yearly, however this is not considered high growth (20% yearly).
  • Vidrala's revenue is expected to grow by 2.7% 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:VID Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Vidrala Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BME:VID Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 6.34 6.45 6.23 2.00
2021-12-31 5.55 5.89 5.09 4.00
2020-12-31 5.22 5.60 4.63 6.00
2019-12-31 5.01 5.07 4.89 3.00
BME:VID Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 4.47
2018-09-30 4.14
2018-06-30 3.82
2018-03-31 3.63
2017-12-31 3.43
2017-09-30 3.24
2017-06-30 3.04
2017-03-31 2.82
2016-12-31 2.60
2016-09-30 2.57
2016-06-30 2.54
2016-03-31 2.44

*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.
  • Vidrala is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Vidrala'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.
Vidrala has a total score of 1/6, 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 Vidrala 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 Vidrala's growth in the last year to its industry (Packaging).
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.
  • Vidrala's year on year earnings growth rate has been positive over the past 5 years.
  • Vidrala's 1-year earnings growth exceeds its 5-year average (30.1% vs 17.3%)
  • Vidrala's earnings growth has exceeded the Europe Packaging industry average in the past year (30.1% vs 1.8%).
Earnings and Revenue History
Vidrala'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 Vidrala Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BME:VID Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 967.03 115.96 190.58
2018-09-30 936.32 107.57 187.41
2018-06-30 902.81 99.18 184.25
2018-03-31 863.00 94.16 179.59
2017-12-31 826.00 89.15 174.93
2017-09-30 804.38 84.08 171.68
2017-06-30 782.76 79.01 168.43
2017-03-31 778.17 73.34 167.28
2016-12-31 773.57 67.67 166.13
2016-09-30 790.55 66.87 166.72
2016-06-30 807.53 66.07 167.30
2016-03-31 805.45 63.47 166.71
2015-12-31 803.37 60.86 166.12
2015-09-30 710.33 57.31 147.42
2015-06-30 617.30 53.77 128.72
2015-03-31 543.07 52.69 112.50
2014-12-31 468.83 51.61 96.29
2014-09-30 468.58 51.78 97.24
2014-06-30 468.33 51.96 98.19
2014-03-31 470.99 52.14 99.09
2013-12-31 473.65 52.31 99.98
2013-09-30 471.12 50.93 100.67
2013-06-30 468.60 49.56 101.37
2013-03-31 463.21 48.05 100.57
2012-12-31 457.83 46.54 99.77
2012-09-30 453.68 46.27 98.90

*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.
  • Vidrala has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Vidrala used its assets more efficiently than the Europe Packaging industry average last year based on Return on Assets.
  • Vidrala has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Vidrala'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 Packaging 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.
Vidrala 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 Vidrala'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 Vidrala's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Vidrala is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Vidrala's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Vidrala'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 1x 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 Vidrala Company Filings, last reported 6 months ago.

BME:VID Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 610.00 392.85 22.67
2018-09-30 610.00 392.85 22.67
2018-06-30 583.28 513.77 32.27
2018-03-31 583.28 513.77 32.27
2017-12-31 528.14 531.81 42.04
2017-09-30 528.14 531.81 42.04
2017-06-30 498.66 324.56 25.54
2017-03-31 498.66 324.56 25.54
2016-12-31 474.93 328.00 0.42
2016-09-30 474.93 328.00 0.42
2016-06-30 456.62 399.69 29.73
2016-03-31 456.62 399.69 29.73
2015-12-31 476.54 419.88 15.72
2015-09-30 476.54 419.88 15.72
2015-06-30 459.65 478.95 4.66
2015-03-31 459.65 478.95 4.66
2014-12-31 404.47 68.72 0.06
2014-09-30 404.47 68.72 0.06
2014-06-30 398.24 118.77 0.07
2014-03-31 398.24 118.77 0.07
2013-12-31 374.50 119.50 0.10
2013-09-30 374.50 119.50 0.10
2013-06-30 361.42 160.58 0.09
2013-03-31 361.42 160.58 0.09
2012-12-31 338.47 162.38 0.86
2012-09-30 338.47 162.38 0.86
  • Vidrala's level of debt (71.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (31.9% vs 71.1% today).
  • Debt is well covered by operating cash flow (46.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 22.2x coverage).
X
Financial health checks
We assess Vidrala'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. Vidrala has a total score of 3/6, 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 Vidrala'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
1.32%
Current annual income from Vidrala dividends. Estimated to be 1.51% next year.
If you bought €2,000 of Vidrala shares you are expected to receive €26 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?
  • Vidrala's pays a lower dividend yield than the bottom 25% of dividend payers in Spain (2.3%).
  • Vidrala's dividend is below the markets top 25% of dividend payers in Spain (5.31%).
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:VID 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 6 Analyst Estimates (S&P Global) See Below
Europe Packaging Industry Average Dividend Yield Market Cap Weighted Average of 26 Stocks 3.1%
Spain Market Average Dividend Yield Market Cap Weighted Average of 77 Stocks 4.3%
Spain Minimum Threshold Dividend Yield 10th Percentile 1.2%
Spain Bottom 25% Dividend Yield 25th Percentile 2.3%
Spain Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

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

BME:VID Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 1.39 2.00
2021-12-31 1.29 4.00
2020-12-31 1.16 6.00
2019-12-31 1.13 4.00
BME:VID Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-02-27 1.058 1.303
2018-02-27 0.664 0.845
2017-05-03 0.763 1.128
2017-02-22 0.763 1.583
2016-02-24 0.686 1.391
2015-02-19 0.623 1.477
2014-02-28 0.594 1.771
2013-02-27 0.516 1.931
2012-03-01 0.492 2.733
2012-02-28 0.492 2.973
2012-01-25 0.468 2.817
2011-02-24 0.468 2.701
2010-07-27 0.425 2.473
2010-07-13 0.425 2.842
2009-12-21 0.412 2.693
2009-05-05 0.214 1.512
2009-03-04 0.405 3.172
2009-02-27 0.405 3.061
2008-12-19 0.346 2.696

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 Vidrala's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.3x coverage).
X
Income/ dividend checks
We assess Vidrala'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 Vidrala afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Vidrala has a total score of 3/6, 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 Vidrala'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
Gorka Schmitt Zalbide
CEO Bio

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

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

Carlos Zulueta

TITLE
Chairman & President
COMPENSATION
€136K
AGE
62

Gorka Schmitt Zalbide

TITLE
Chief Executive Officer

Rául Merino

TITLE
Financial Economic Director

Paulo Guerra

TITLE
Director of Operations

Iñigo de la Rica

TITLE
Financial Planning and Investor Relations Officer
TENURE
2.4 yrs

Joseba De Mendia

TITLE
Human Resource Director
Board of Directors Tenure

Average tenure of the Vidrala board of directors in years:

7.3
Average Tenure
  • The tenure for the Vidrala board of directors is about average.
Board of Directors

Carlos Zulueta

TITLE
Chairman & President
COMPENSATION
€136K
AGE
62

Teresa Zubizarreta Delclaux

TITLE
Independent Director
COMPENSATION
€74K

Jan Åstrand

TITLE
Independent Director
AGE
72
TENURE
3.2 yrs

Virginia Villalba

TITLE
External Independent Director
COMPENSATION
€74K
TENURE
15.5 yrs

Eduardo Zavala de la Torre

TITLE
External Independent Director
COMPENSATION
€74K

Luis Delclaux Muller

TITLE
External Independent Director
COMPENSATION
€74K

Esteban Errandonea Delclaux

TITLE
External Proprietary Director
COMPENSATION
€74K

Ramón de la Sota

TITLE
External Proprietary Director
COMPENSATION
€74K

Rita de Noronha e Melo Santos Gallo

TITLE
Director
TENURE
1.5 yrs

Aitor Salegui

TITLE
Director
TENURE
11.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
21. Dec 18 Buy Eduardo Zavala de la Torre Individual 21. Dec 18 21. Dec 18 400 €68.00 €27,200
07. Dec 18 Buy Addvalia Capital, S.A. Company 05. Dec 18 05. Dec 18 67,658 €1.02 €69,011
12. Sep 18 Buy Eduardo Zavala de la Torre Individual 12. Sep 18 12. Sep 18 315 €76.00 €23,940
25. Jul 18 Buy Eduardo Zavala de la Torre Individual 23. Jul 18 23. Jul 18 315 €78.67 €24,780
X
Management checks
We assess Vidrala'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. Vidrala 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

Why Vidrala, S.A. (BME:VID) Is A Buy When Markets Go Down

Generally, large-cap stocks are well-resourced and well-established meaning that a bear market will cause it to rejig some short-term capital allocations, but stock market volatility is hardly detrimental to its financial health and business operations. … Therefore large-cap stocks are a safe bet to buy more of when the wider market is going down and down. … The intrinsic value infographic in our free research report helps visualize whether VID is currently mispriced by the market.

Simply Wall St -

Can Vidrala, S.A. (BME:VID) Save Your Portfolio?

Looking at its size, financial health and track record, I believe there's an opportunity with Vidrala during these volatile times. … Generally, large-cap stocks are well-resourced and well-established meaning that a bear market will cause it to rejig some short-term capital allocations, but stock market volatility is hardly detrimental to its financial health and business operations. … This continuous market outperformance demonstrates a strong track record of delivering robust returns over many years, raising my confidence in Vidrala as a long-term hold.

Simply Wall St -

What Do Analysts Think About Vidrala, S.A.'s (BME:VID) Growth?

Below is my commentary, albeit very simple and high-level, on how market analysts predict Vidrala's earnings growth outlook over the next couple of years and whether the future looks even brighter than the past. … View our latest analysis for Vidrala Market analysts' consensus outlook for the upcoming year seems optimistic, with earnings climbing by a robust 12%. … BME:VID Past and Future Earnings, June 24th 2019 Even though it is informative knowing the growth year by year relative to today’s figure, it may be more insightful estimating the rate at which the company is growing on average every year.

Simply Wall St -

Vidrala, S.A. (BME:VID): Has Recent Earnings Growth Beaten Long-Term Trend?

Check out our latest analysis for Vidrala Did VID beat its long-term earnings growth trend and its industry? … Let's take a look at whether it is merely due to industry tailwinds, or if Vidrala has seen some company-specific growth. … I suggest you continue to research Vidrala to get a better picture of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for VID’s future growth?

Simply Wall St -

Vidrala, S.A. (BME:VID): Is It A Smart Long Term Opportunity?

Generally, analyst consensus outlook appear cautiously subdued, as a 11% rise in profits is expected in the upcoming year, compared with the higher past 5-year average growth rate of 17%. … To understand the overall trajectory of VID's earnings growth over these next fews years, I've fitted a line through these analyst earnings forecast to determine an annual growth rate from the slope. … BME:VID Past and Future Earnings, June 3rd 2019 This results in an annual growth rate of 7.0% based on the most recent earnings level of €116m to the final forecast of €142m by 2022.

Simply Wall St -

Vidrala, S.A. (BME:VID) Is An Attractive Dividend Stock - Here's Why

Strong earnings per share (EPS) growth might encourage our interest in the company despite fluctuating dividends, which is why it's great to see Vidrala has grown its earnings per share at 18% per annum over the past five years. Rapid earnings growth and a low payout ratio suggests this company has been effectively reinvesting in its business. Should that continue, this company could have a bright future. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing. … First, we like that the company's dividend payments appear well covered, although the retained capital also needs to be effectively reinvested. … Earnings growth generally bodes well for the future value of company dividend payments.

Simply Wall St -

What Does Vidrala, S.A.'s (BME:VID) Balance Sheet Tell Us About It?

Additionally, VID has produced €203m in operating cash flow during the same period of time, leading to an operating cash to total debt ratio of 47%, indicating that VID’s current level of operating cash is high enough to cover debt. … Looking at VID’s €302m in current liabilities, it seems that the business has maintained a safe level of current assets to meet its obligations, with the current ratio last standing at 1.49x. … Next Steps: VID’s high cash coverage means that, although its debt levels are high, the company is able to utilise its borrowings efficiently in order to generate cash flow.

Simply Wall St -

A Look At The Intrinsic Value Of Vidrala, S.A. (BME:VID)

by taking the foreast future cash flows of the company and discounting them back to today's value. … I will use the Discounted Cash Flow (DCF) model! … If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model

Simply Wall St -

Boasting A 19% Return On Equity, Is Vidrala, S.A. (BME:VID) A Top Quality Stock?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Our data shows Vidrala has a return on equity of 19% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

How Much Of Vidrala, S.A. (BME:VID) Do Insiders Own?

Vidrala has a market capitalization of €2.1b, so we would expect some institutional investors to have noticed the stock. … Taking a look at our data on the ownership groups (below), it's seems that. … We can zoom in on the different ownership groups, to learn more about VID

Simply Wall St -

Company Info

Description

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, Spain.

Details
Name: Vidrala, S.A.
VID
Exchange: BME
Founded: 1965
€2,086,784,090
25,955,026
Website: http://www.vidrala.com
Address: Vidrala, S.A.
Barrio Munegazo, 22,
Laudio/Llodio,
Basque Country, 01400,
Spain
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BME VID Ordinary Bearer Shares Bolsas y Mercados Espanoles ES EUR 02. Jan 1992
DB VIR Ordinary Bearer Shares Deutsche Boerse AG DE EUR 02. Jan 1992
LSE 0NV7 Ordinary Bearer Shares London Stock Exchange GB EUR 02. Jan 1992
BATS-CHIXE VIDE Ordinary Bearer Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
3,789
Vidrala employees.
Industry
Metal and Glass Containers
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/17 20:50
End of day share price update: 2019/07/17 00:00
Last estimates confirmation: 2019/06/03
Last earnings filing: 2019/02/27
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.