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


Market Performance


7 Day Return

1.6%

BME:VID

0.5%

ES Packaging

-1.0%

ES Market


1 Year Return

3.2%

BME:VID

-7.0%

ES Packaging

-3.9%

ES Market

VID outperformed the Packaging industry which returned -7% over the past year.

VID outperformed the Market in Spain which returned -3.9% over the past year.


Share holder returns

VIDIndustryMarket
7 Day1.6%0.5%-1.0%
30 Day-1.1%5.1%3.1%
90 Day-4.6%2.2%-2.5%
1 Year4.2%3.2%-4.2%-7.0%-0.7%-3.9%
3 Year58.6%53.6%21.6%10.0%15.4%4.8%
5 Year167.6%152.7%89.3%57.5%1.3%-17.8%

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 based on future cash flows and its price relative to the stock market?

15.86x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Vidrala's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Vidrala's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Vidrala is overvalued based on earnings compared to the Europe Packaging industry average.

Vidrala is good value based on earnings compared to the Spain market.


Price Based on Expected Growth

Vidrala is poor value based on expected growth next year.


Price Based on Value of Assets

Vidrala is overvalued based on assets compared to the Europe Packaging industry average.


Next Steps

Future Growth

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

7.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Vidrala's revenue is expected to grow by 3.1% yearly, however this is not considered high growth (20% yearly).

Vidrala's earnings are expected to grow by 7.1% yearly, however this is not considered high growth (20% yearly).

Vidrala's revenue growth is positive but not above the Spain market average.

Vidrala's earnings growth is positive but not above the Spain market average.

Vidrala's earnings growth is expected to exceed the low risk savings rate of 1.5%.


Earnings per Share Growth Estimates


Future Return on Equity

Vidrala is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Vidrala performed over the past 5 years?

19.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

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 (29.2% vs 19.7%)

Vidrala's earnings growth has exceeded the Europe Packaging industry average in the past year (29.2% vs 3.5%).


Return on Equity

Vidrala has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Vidrala used its assets more efficiently than the Europe Packaging industry average last year based on Return on Assets.


Return on Capital Employed

Vidrala has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Vidrala's financial position?


Financial Position Analysis

Vidrala is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Vidrala's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Vidrala's level of debt (57.8%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (29.7% vs 57.8% today).

Debt is well covered by operating cash flow (55.9%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 28.8x coverage).


Balance Sheet

High level of physical assets or inventory.

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?

1.58%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Vidrala's pays a lower dividend yield than the bottom 25% of dividend payers in Spain (2.03%).

Vidrala's dividend is below the markets top 25% of dividend payers in Spain (5.35%).

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

Dividends paid are thoroughly covered by earnings (17.2x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (4.4x coverage).


Next Steps

Management

What is the CEO of Vidrala's salary, the management and board of directors tenure and is there insider trading?

7.5yrs

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

7.5yrs

Average Tenure

The tenure for the Vidrala board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


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
Shares400
Max Price€68.00
Buy€69,01107 Dec 18
Addvalia Capital, S.A.
EntityCompany
Shares67,658
Max Price€1.02

Ownership Breakdown


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: 2.6yrs
  • Joseba Fernandez De Mendia

    Human Resource Director

    • Tenure: 0yrs

Board Members

  • Jan Gunnar Åstrand (72yo)

    Independent Director

    • Tenure: 3.3yrs
  • Carlos Delclaux Zulueta (62yo)

    Chairman & President

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

    External Independent Director

    • Tenure: 15.7yrs
    • 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: 1.7yrs
  • Aitor Salegui

    Director

    • Tenure: 11.7yrs

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: €2.029b
  • Shares outstanding: 25.88m
  • 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 Analysis2019/09/18 20:41
End of Day Share Price2019/09/18 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.