BME:VID

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Excellent balance sheet with acceptable track record.


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

3.1%

VID

2.2%

ES Packaging

1.4%

ES Market


1 Year Return

25.1%

VID

15.6%

ES Packaging

-19.6%

ES Market

Return vs Industry: VID exceeded the Spanish Packaging industry which returned 15.6% over the past year.

Return vs Market: VID exceeded the Spanish Market which returned -19.6% over the past year.


Shareholder returns

VIDIndustryMarket
7 Day3.1%2.2%1.4%
30 Day8.7%4.4%0.8%
90 Day7.4%7.8%-3.2%
1 Year26.4%25.1%18.5%15.6%-16.9%-19.6%
3 Year49.2%44.9%15.1%4.3%-19.4%-26.8%
5 Year171.6%157.0%55.4%32.6%-6.6%-21.2%

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?

18.56x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: VID (€94.6) is trading above our estimate of fair value (€74.14)

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 (18.6x) compared to the XE Packaging industry average (14.6x).

PE vs Market: VID is good value based on its PE Ratio (18.6x) compared to the Spanish market (18.8x).


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 (3.4x) compared to the XE Packaging industry average (1.8x).


Next Steps

Future Growth

How is Vidrala forecast to perform in the next 1 to 3 years based on estimates from 7 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 (1.3%).

Earnings vs Market: VID's earnings (6.3% per year) are forecast to grow slower than the Spanish market (31.7% per year).

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

Revenue vs Market: VID's revenue (2.7% per year) is forecast to grow slower than the Spanish market (6.1% per year).

High Growth Revenue: VID's revenue (2.7% 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 (14.7%).


Next Steps

Past Performance

How has Vidrala performed over the past 5 years?

20.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VID has high quality earnings.

Growing Profit Margin: VID's current net profit margins (14.1%) are higher than last year (13.1%).


Past Earnings Growth Analysis

Earnings Trend: VID's earnings have grown significantly by 20.6% per year over the past 5 years.

Accelerating Growth: VID's earnings growth over the past year (7.6%) is below its 5-year average (20.6% per year).

Earnings vs Industry: VID earnings growth over the past year (7.6%) underperformed the Packaging industry 19.5%.


Return on Equity

High ROE: VID's Return on Equity (18.5%) is considered low.


Next Steps

Financial Health

How is Vidrala's financial position?


Financial Position Analysis

Short Term Liabilities: VID's short term assets (€523.9M) exceed its short term liabilities (€422.7M).

Long Term Liabilities: VID's short term assets (€523.9M) exceed its long term liabilities (€316.9M).


Debt to Equity History and Analysis

Debt Level: VID's debt to equity ratio (44.6%) is considered high.

Reducing Debt: VID's debt to equity ratio has reduced from 103.8% to 44.6% over the past 5 years.

Debt Coverage: VID's debt is well covered by operating cash flow (76.4%).

Interest Coverage: VID's interest payments on its debt are well covered by EBIT (38.4x coverage).


Balance Sheet


Next Steps

Dividend

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

1.27%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: VID's dividend (1.27%) isn’t notable compared to the bottom 25% of dividend payers in the Spanish market (2.33%).

High Dividend: VID's dividend (1.27%) is low compared to the top 25% of dividend payers in the Spanish market (6.36%).


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

How experienced are the management team and are they aligned to shareholders interests?

15.3yrs

Average board tenure


CEO

Gorka Schmitt Zalbide

no data

Tenure

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


Board Members

NamePositionTenureCompensationOwnership
Carlos Delclaux Zulueta
Chairman & President18.67yrs€135.00k0.37%
€ 9.6m
Jan Gunnar Åstrand
Independent Director4.33yrsno datano data
Virginia Urigüen Villalba
External Independent Director16.67yrs€73.00k0.57%
€ 14.5m
Eduardo Zavala Ortiz de la Torre
External Independent Director16yrs€73.00k0.95%
€ 24.3m
Luis Delclaux Muller
External Independent Director16.25yrs€73.00k0.42%
€ 10.9m
Esteban Errandonea Delclaux
External Proprietary Director19.25yrs€73.00k0.0043%
€ 109.7k
Ramón Delclaux de la Sota
External Proprietary Director15.25yrs€71.00k0.48%
€ 12.2m
Teresa Zubizarreta Delclaux
Independent Director6.42yrs€74.00k0.78%
€ 19.9m
Rita Maria de Noronha e Melo Santos Gallo
Director5.33yrsno datano data
Aitor Escolano
Director12yrsno datano data
Fernando Gumuzio Iñíguez de Onzoño
Independent Director1.33yrsno datano data

15.3yrs

Average Tenure

Experienced Board: VID's board of directors are seasoned and experienced ( 15.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Ownership Breakdown

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


Top Shareholders

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: €2.556b
  • Shares outstanding: 27.02m
  • 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
VDRF.FOTCPK (Pink Sheets LLC)YesOrdinary Bearer SharesUSUSDJan 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 Analysis2020/09/19 05:07
End of Day Share Price2020/09/18 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.