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Cargotec

HLSE:CGCBV
Snowflake Description

Adequate balance sheet and fair value.

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

Cargotec Corporation provides cargo and load handling solutions worldwide. The last earnings update was 29 days ago. More info.


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  • Cargotec has significant price volatility in the past 3 months.
CGCBV Share Price and Events
7 Day Returns
-5.8%
HLSE:CGCBV
-1.9%
FI Machinery
-1.1%
FI Market
1 Year Returns
-33.9%
HLSE:CGCBV
-0.2%
FI Machinery
-7.7%
FI Market
CGCBV Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Cargotec (CGCBV) -5.8% -18.7% -4.4% -33.9% -11.8% 0.1%
FI Machinery -1.9% -2.6% 7% -0.2% 23.2% 37.5%
FI Market -1.1% -6% -2.8% -7.7% 18.3% 24.9%
1 Year Return vs Industry and Market
  • CGCBV underperformed the Machinery industry which returned -0.2% over the past year.
  • CGCBV underperformed the Market in Finland which returned -7.7% over the past year.
Price Volatility
CGCBV
Industry
5yr Volatility vs Market

Value

 Is Cargotec 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 Cargotec 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 Cargotec.

HLSE:CGCBV Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.2%
Perpetual Growth Rate 10-Year FI Government Bond Rate 0.5%

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 HLSE:CGCBV
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year FI Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.5%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.05
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.045 (1 + (1- 20%) (54.19%))
1.334
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.33
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.54% + (1.334 * 6.51%)
9.22%

Discounted Cash Flow Calculation for HLSE:CGCBV using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Cargotec 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.

HLSE:CGCBV DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 9.22%)
2019 223.50 Analyst x2 204.63
2020 216.25 Analyst x4 181.27
2021 215.50 Analyst x4 165.39
2022 137.00 Analyst x1 96.26
2023 134.00 Analyst x1 86.20
2024 132.14 Est @ -1.39% 77.83
2025 131.07 Est @ -0.81% 70.68
2026 130.54 Est @ -0.41% 64.45
2027 130.38 Est @ -0.12% 58.93
2028 130.48 Est @ 0.08% 54.00
Present value of next 10 years cash flows €1,059.63
HLSE:CGCBV DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €130.48 × (1 + 0.54%) ÷ (9.22% – 0.54%)
€1,510.72
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €1,510.72 ÷ (1 + 9.22%)10
€625.21
HLSE:CGCBV Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €1,059.63 + €625.21
€1,684.84
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €1,684.84 / 64.40
€26.16
HLSE:CGCBV Discount to Share Price
Calculation Result
Value per share (EUR) From above. €26.16
Current discount Discount to share price of €30.52
= -1 x (€30.52 - €26.16) / €26.16
-16.7%

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

  • The current share price of Cargotec 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 Cargotec's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Cargotec's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
HLSE:CGCBV PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €1.62
HLSE:CGCBV Share Price ** HLSE (2019-05-24) in EUR €30.52
Finland Machinery Industry PE Ratio Median Figure of 14 Publicly-Listed Machinery Companies 18.97x
Finland Market PE Ratio Median Figure of 107 Publicly-Listed Companies 19.14x

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

** Primary Listing of Cargotec.

HLSE:CGCBV PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= HLSE:CGCBV Share Price ÷ EPS (both in EUR)

= 30.52 ÷ 1.62

18.88x

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

  • Cargotec is good value based on earnings compared to the FI Machinery industry average.
  • Cargotec is good value based on earnings compared to the Finland market.
Price based on expected Growth
Does Cargotec's expected growth come at a high price?
Raw Data
HLSE:CGCBV PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 18.88x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
12.2%per year
Finland Machinery Industry PEG Ratio Median Figure of 12 Publicly-Listed Machinery Companies 1.86x
Finland Market PEG Ratio Median Figure of 91 Publicly-Listed Companies 1.67x

*Line of best fit is calculated by linear regression .

HLSE:CGCBV PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 18.88x ÷ 12.2%

1.54x

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

  • Cargotec is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Cargotec's assets?
Raw Data
HLSE:CGCBV PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €21.55
HLSE:CGCBV Share Price * HLSE (2019-05-24) in EUR €30.52
Finland Machinery Industry PB Ratio Median Figure of 16 Publicly-Listed Machinery Companies 1.92x
Finland Market PB Ratio Median Figure of 142 Publicly-Listed Companies 1.87x
HLSE:CGCBV PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= HLSE:CGCBV Share Price ÷ Book Value per Share (both in EUR)

= 30.52 ÷ 21.55

1.42x

* Primary Listing of Cargotec.

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

  • Cargotec is good value based on assets compared to the FI Machinery industry average.
X
Value checks
We assess Cargotec'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 Machinery 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 Machinery industry average (and greater than 0)? (1 check)
  5. Cargotec has a total score of 3/6, 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 Cargotec expected to perform in the next 1 to 3 years based on estimates from 8 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
12.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Cargotec expected to grow at an attractive rate?
  • Cargotec's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Cargotec's earnings growth is positive but not above the Finland market average.
  • Cargotec's revenue growth is expected to exceed the Finland market average.
Annual Growth Rates Comparison
Raw Data
HLSE:CGCBV Future Growth Rates Data Sources
Data Point Source Value (per year)
HLSE:CGCBV Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 12.2%
HLSE:CGCBV Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 3.4%
Finland Machinery Industry Earnings Growth Rate Market Cap Weighted Average 10.6%
Finland Machinery Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
Finland Market Earnings Growth Rate Market Cap Weighted Average 13.7%
Finland Market Revenue Growth Rate Market Cap Weighted Average 2.1%

*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
HLSE:CGCBV Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
HLSE:CGCBV Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 4,098 299 1
2022-12-31 3,984 281 195 2
2021-12-31 4,057 311 225 7
2020-12-31 3,857 325 207 8
2019-12-31 3,721 344 181 8
HLSE:CGCBV Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-03-31 3,387 82 104
2018-12-31 3,304 40 107
2018-09-30 3,310 64 104
2018-06-30 3,242 149 99
2018-03-31 3,231 192 130
2017-12-31 3,250 181 132
2017-09-30 3,297 188 118
2017-06-30 3,415 172 119
2017-03-31 3,477 169 123
2016-12-31 3,514 314 126
2016-09-30 3,557 266 149
2016-06-30 3,631 282 159

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Cargotec's earnings are expected to grow by 12.2% yearly, however this is not considered high growth (20% yearly).
  • Cargotec's revenue is expected to grow by 3.4% 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
HLSE:CGCBV Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from Cargotec Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

HLSE:CGCBV Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 3.03 3.03 3.03 1.00
2021-12-31 3.52 4.03 2.65 7.00
2020-12-31 3.22 3.51 2.62 8.00
2019-12-31 2.80 3.05 2.55 8.00
HLSE:CGCBV Past Financials Data
Date (Data in EUR Millions) EPS *
2019-03-31 1.62
2018-12-31 1.66
2018-09-30 1.61
2018-06-30 1.53
2018-03-31 2.01
2017-12-31 2.05
2017-09-30 1.83
2017-06-30 1.85
2017-03-31 1.90
2016-12-31 1.95
2016-09-30 2.29
2016-06-30 2.45

*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.
  • Cargotec is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Cargotec'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 Finland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Finland 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.
Cargotec has a total score of 2/6, 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 Cargotec 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 Cargotec's growth in the last year to its industry (Machinery).
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.
  • Cargotec's year on year earnings growth rate has been positive over the past 5 years.
  • Cargotec's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Cargotec's 1-year earnings growth is negative, it can't be compared to the FI Machinery industry average.
Earnings and Revenue History
Cargotec'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 Cargotec Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

HLSE:CGCBV 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 3,386.80 104.10 493.40 95.00
2018-12-31 3,303.50 107.00 487.30 94.70
2018-09-30 3,310.20 103.80 491.90 98.00
2018-06-30 3,241.70 98.80 489.80 97.50
2018-03-31 3,230.60 129.80 490.10 98.80
2017-12-31 3,249.80 132.40 495.40 98.20
2017-09-30 3,296.50 118.00 497.80 97.30
2017-06-30 3,414.60 119.10 500.20 97.20
2017-03-31 3,477.20 123.20 505.00 96.10
2016-12-31 3,513.70 126.00 498.10 94.10
2016-09-30 3,557.40 148.80 497.50 92.20
2016-06-30 3,631.00 158.80 486.80 91.10
2016-03-31 3,668.90 145.90 476.10 87.40
2015-12-31 3,729.30 143.00 474.70 85.20
2015-09-30 3,715.90 148.00 456.70 80.20
2015-06-30 3,628.00 132.00 449.10 76.70
2015-03-31 3,495.60 95.00 434.10 73.20
2014-12-31 3,357.80 71.40 418.90 69.30
2014-09-30 3,308.50 38.30 407.90 65.80
2014-06-30 3,220.60 30.00 396.30 62.30
2014-03-31 3,253.10 61.30 389.90 60.40
2013-12-31 3,181.00 54.80 383.50 58.80
2013-09-30 3,157.40 56.50 333.00 115.00
2013-06-30 3,199.00 62.10 357.20 101.60
2013-03-31 3,213.00 69.30 383.60 86.80
2012-12-31 3,327.30 89.10 410.10 72.40
2012-09-30 3,265.40 114.60 416.90 58.70
2012-06-30 3,224.40 125.20 414.40 58.70

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

Health

 How is Cargotec'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 Cargotec's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Cargotec is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Cargotec's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Cargotec'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 1.7x 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 Cargotec Company Filings, last reported 1 month ago.

HLSE:CGCBV Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,391.00 1,065.10 151.30
2018-12-31 1,428.60 930.00 266.40
2018-09-30 1,411.40 877.20 189.30
2018-06-30 1,379.80 806.60 170.20
2018-03-31 1,383.00 798.40 212.00
2017-12-31 1,425.10 795.20 309.10
2017-09-30 1,421.90 782.90 232.50
2017-06-30 1,401.10 781.20 164.30
2017-03-31 1,389.70 944.90 293.40
2016-12-31 1,397.20 822.00 296.70
2016-09-30 1,396.10 813.70 217.00
2016-06-30 1,361.20 795.70 141.50
2016-03-31 1,331.00 797.40 161.80
2015-12-31 1,341.70 836.80 175.80
2015-09-30 1,291.80 894.50 181.10
2015-06-30 1,291.70 939.00 167.80
2015-03-31 1,268.30 976.00 143.40
2014-12-31 1,213.80 946.40 205.40
2014-09-30 1,222.10 1,038.00 183.00
2014-06-30 1,177.80 1,029.50 171.90
2014-03-31 1,210.60 1,075.20 237.40
2013-12-31 1,239.50 890.40 306.20
2013-09-30 1,178.90 844.20 264.90
2013-06-30 1,157.50 716.60 136.30
2013-03-31 1,206.70 682.70 159.80
2012-12-31 1,218.60 731.30 209.00
2012-09-30 1,247.30 628.30 126.00
2012-06-30 1,190.40 631.40 110.20
  • Cargotec's level of debt (76.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (88.8% vs 76.6% today).
  • Debt is not well covered by operating cash flow (7.7%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 12.6x coverage).
X
Financial health checks
We assess Cargotec'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. Cargotec has a total score of 4/6, 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 Cargotec'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
3.6%
Current annual income from Cargotec dividends. Estimated to be 4.26% next year.
If you bought €2,000 of Cargotec shares you are expected to receive €72 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?
  • Cargotec's pays a higher dividend yield than the bottom 25% of dividend payers in Finland (2.35%).
  • Cargotec's dividend is below the markets top 25% of dividend payers in Finland (5.31%).
Upcoming dividend payment

Purchase Cargotec before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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
HLSE:CGCBV 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 8 Analyst Estimates (S&P Global) See Below
Finland Machinery Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 3.4%
Finland Market Average Dividend Yield Market Cap Weighted Average of 101 Stocks 4.4%
Finland Minimum Threshold Dividend Yield 10th Percentile 1.3%
Finland Bottom 25% Dividend Yield 25th Percentile 2.3%
Finland 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.

HLSE:CGCBV Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 1.50 1.00
2021-12-31 1.39 7.00
2020-12-31 1.29 8.00
2019-12-31 1.21 8.00
HLSE:CGCBV Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-02-08 1.100 3.262
2018-09-18 1.050 3.179
2017-03-06 0.950 2.000
2016-02-17 0.800 2.167
2016-02-10 0.800 3.028
2015-02-12 0.550 1.732
2015-02-10 0.550 1.745
2014-03-19 0.420 1.533
2013-03-21 0.720 2.761
2012-03-19 1.000 4.870
2011-03-08 0.610 2.299
2010-07-21 0.400 1.248

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

  • Cargotec has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Cargotec only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Cargotec's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.4x coverage).
X
Income/ dividend checks
We assess Cargotec's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - 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 Cargotec afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Cargotec 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 Cargotec'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
Mika Vehviläinen
COMPENSATION €3,362,702
AGE 57
TENURE AS CEO 6.2 years
CEO Bio

Mr. Mika Vehviläinen, M.Sc (Econ and BA), HSE, has been Chief Executive Officer and President of Cargotec Corporation since March 5, 2016 and March 1, 2013 respectively. Mr. Vehviläinen was the Chairman of Executive Board at Cargotec Corporation since March 1, 2013 until 25 April 2019 and its Member of Executive Board since 2013 until 25 April 2019. He serves as Director of Danfoss A/S since 2018. Mr. Vehviläinen served as Interim President of MacGregor Group AB. He served as the Chief Executive Officer and President of Finnair Oyj (alternate name: Finnair Plc) from February 1, 2010 to February 28, 2013 and served as its Member of Executive Board until February 28, 2013. He served as the Chief Operating Officer of Nokia Solutions and Networks Oy until January 2010. Mr. Vehviläinen served as the Chief Operating Officer and Member of Executive Board of Nokia Solutions and Networks B.V. He served as the Chief Operating Officer, Member of Executive Board and Vice President of System Technologies and Strategy at Networks at Nokia Networks, Inc. He served as Deputy Chairman of Elisa Oyj since 2014 and its Director since April 04, 2012 until April 2018. Mr. Vehviläinen served as Vice Chairman at Vacon Oyj from March 2010 to March 26, 2014 and its Director from April 2009 to March 27, 2014. He served as a Member of the Supervisory Board at Ilmarinen Mutual Pension Insurance Company and The Finnish Fair Corporation.

CEO Compensation
  • Mika's compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.
  • Mika's remuneration is higher than average for companies of similar size in Finland.
Management Team Tenure

Average tenure and age of the Cargotec management team in years:

0.7
Average Tenure
53
Average Age
  • The average tenure for the Cargotec management team is less than 2 years, this suggests a new team.
Management Team

Mika Vehviläinen

TITLE
CEO & President
COMPENSATION
€3M
AGE
57
TENURE
6.2 yrs

Hanna-Maria Heikkinen

TITLE
Vice President of Investor Relations
AGE
39
TENURE
2.6 yrs

Camilla Orko

TITLE
Vice President of Ethics & Compliance
TENURE
0.1 yrs

Carina Geber-Teir

TITLE
Senior Vice President of Communications
AGE
46
TENURE
0.7 yrs

Mikko Pelkonen

TITLE
Senior Vice President of Human Resources
AGE
48
TENURE
5.8 yrs

Stephen Foster

TITLE
Senior Vice President of Finance

Mikael Laine

TITLE
Senior Vice President of Strategy
AGE
54
TENURE
5.1 yrs

Michel van Roozendaal

TITLE
President of MacGregor
AGE
55
TENURE
0.1 yrs

Antti Kaunonen

TITLE
President of Kalmar Automation Solutions
AGE
59
TENURE
0.1 yrs

Scott Phillips

TITLE
President of Hiab
AGE
52
TENURE
0.1 yrs
Board of Directors Tenure

Average tenure and age of the Cargotec board of directors in years:

7.8
Average Tenure
61.5
Average Age
  • The tenure for the Cargotec board of directors is about average.
Board of Directors

Ilkka Herlin

TITLE
Chairman
AGE
59
TENURE
14.3 yrs

Tapio Hakakari

TITLE
Vice Chairman
AGE
65
TENURE
10.3 yrs

Teuvo Salminen

TITLE
Independent Non-Executive Director
AGE
64
TENURE
9.3 yrs

Peter Immonen

TITLE
Independent Director
AGE
59
TENURE
13.8 yrs

Jorma Eloranta

TITLE
Independent Non-Executive Director
AGE
67
TENURE
6.2 yrs

Heikki Soljama

TITLE
Independent Director
AGE
64
TENURE
3.2 yrs

Teresa Kemppi-Vasama

TITLE
Independent Director
AGE
48
TENURE
2.2 yrs

Johanna Lamminen

TITLE
Independent Director
AGE
52
TENURE
2.2 yrs
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 (€)
X
Management checks
We assess Cargotec'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. Cargotec 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

Cargotec Corporation's (HEL:CGCBV) Earnings Dropped -19%, Did Its Industry Show Weakness Too?

Today I will run you through a basic sense check to gain perspective on how Cargotec is doing by comparing its latest earnings with its long-term trend as well as the performance of its machinery industry peers. … CGCBV's trailing twelve-month earnings (from 31 December 2018) of €107m has. … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 12%, indicating the rate at which CGCBV is growing has slowed down

Simply Wall St -

Why Cargotec Corporation (HEL:CGCBV) Could Be Your Next Investment

Help shape the future of investing tools and receive a $20 prize! … I've been keeping an eye on Cargotec Corporation (HEL:CGCBV) because I'm attracted to its fundamentals. … Looking at the company as a whole, as a potential stock investment, I believe CGCBV has a lot to offer.

Simply Wall St -

How Should Investors Feel About Cargotec Corporation's (HEL:CGCBV) CEO Pay?

In 2013 Mika Vehviläinen was appointed CEO of Cargotec Corporation (HEL:CGCBV). … First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Mika Vehviläinen's Compensation Compare With Similar Sized Companies?

Simply Wall St -

With A 7.5% Return On Equity, Is Cargotec Corporation (HEL:CGCBV) A 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. … That means that for every €1 worth of shareholders' equity, it generated €0.075 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is Cargotec Corporation's (HEL:CGCBV) Balance Sheet Strong Enough To Weather A Storm?

Small-caps and large-caps are wildly popular among investors; however, mid-cap stocks, such as Cargotec Corporation (HEL:CGCBV) with a market-capitalization of €2.0b, rarely draw their attention. … Despite this, the two other categories have lagged behind the risk-adjusted returns of commonly ignored mid-cap stocks. … Take the survey and be part of one of the most advanced studies of stock market investors to date

Simply Wall St -

A Look At The Intrinsic Value Of Cargotec Corporation (HEL:CGCBV)

I am going to run you through how I calculated the intrinsic value of Cargotec Corporation (HEL:CGCBV). … by taking the expected future cash flows and discounting them 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 -

Shareholders Should Look Hard At Cargotec Corporation’s (HEL:CGCBV) 11% Return On Capital

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). … How Do You Calculate Return On Capital Employed

Simply Wall St -

Should You Think About Buying Cargotec Corporation (HEL:CGCBV) Now?

saw significant share price volatility over the past couple of months on the HLSE, rising to the highs of €41.24 and falling to the lows of €31.46. … A question to answer is whether Cargotec's current trading price of €31.46 reflective of the actual value of the? … Let’s take a look at Cargotec’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

Could The Cargotec Corporation (HEL:CGCBV) Ownership Structure Tell Us Something Useful?

Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Taking a look at the our data on the ownership groups (below), it's seems that. … institutions own shares in the company.

Simply Wall St -

An Examination Of Cargotec Corporation (HEL:CGCBV)

I've been keeping an eye on Cargotec Corporation (HEL:CGCBV) because I'm attracted to its fundamentals. … Looking at the company as a whole, as a potential stock investment, I believe CGCBV has a lot to offer. … is a company with

Simply Wall St -

Company Info

Description

Cargotec Corporation provides cargo and load handling solutions worldwide. It operates in three segments: Kalmar, Hiab, and MacGregor. The Kalmar segment provides cargo handling equipment and automated terminal solutions, software, and services for ports, terminals, distribution centers, and various industries; straddle and shuttle carriers, terminal tractors, yard cranes, ship-to-shore cranes, reachstackers, empty container handlers and forklift trucks, Navis terminal operating systems, and Bromma spreaders. The Hiab segment offers loader cranes, truck mounted forklifts, forestry and recycling cranes, hooklifts, skiploaders, and tail lifts, as well as services and spare parts, which are used in various sectors of on-road transport and delivery. The MacGregor segment offers engineering solutions and lifetime maintenance and service solutions for merchant cargo and passenger vessels; offshore oil and gas and renewable energy sector; fishing, research, and marine-resource vessels; naval operations and logistics vessels; and ports and terminals under the MacGregor, Hatlapa, Porsgrunn, Pusnes, Triplex, and Flintstone brand names. The company serves ports, terminals, distribution centers, fleet operators, single truck owners, and small fleet owners. Cargotec Corporation is headquartered in Helsinki, Finland.

Details
Name: Cargotec Corporation
CGCBV
Exchange: HLSE
Founded:
€1,965,605,196
64,403,840
Website: http://www.cargotec.com
Address: Cargotec Corporation
Porkkalankatu 5,
Helsinki,
Uusimaa, 00180,
Finland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
HLSE CGCBV Class B Shares OMX Nordic Exchange Helsinki FI EUR 01. Jun 2005
OTCPK CYJB.F Class B Shares Pink Sheets LLC US USD 01. Jun 2005
DB C1C Class B Shares Deutsche Boerse AG DE EUR 01. Jun 2005
LSE 0MGH Class B Shares London Stock Exchange GB EUR 01. Jun 2005
BATS-CHIXE CGCBVH Class B Shares BATS 'Chi-X Europe' GB EUR 01. Jun 2005
OTCPK CYJB.Y UNSPONSORD ADR Pink Sheets LLC US USD 20. Oct 2008
Number of employees
Current staff
Staff numbers
12,194
Cargotec employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/24 20:53
End of day share price update: 2019/05/24 00:00
Last estimates confirmation: 2019/05/14
Last earnings filing: 2019/04/25
Last earnings reported: 2019/03/31
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.