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ALTEO Energiaszolgáltató Nyrt

BUSE:ALTEO/NODIV
Snowflake Description

Excellent balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ALTEO/NODIV
BUSE
HUF14B
Market Cap
  1. Home
  2. HU
  3. Utilities
Company description

ALTEO Energiaszolgáltató Nyrt. generates and sells electricity and heat in Hungary. The last earnings update was 82 days ago. More info.


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ALTEO/NODIV Share Price and Events
7 Day Returns
0%
BUSE:ALTEO/NODIV
0.1%
Europe Renewable Energy
-2.3%
HU Market
1 Year Returns
-
BUSE:ALTEO/NODIV
2.8%
Europe Renewable Energy
10.5%
HU Market
ALTEO/NODIV Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ALTEO Energiaszolgáltató Nyrt (ALTEO/NODIV) 0% -2.9% - - - -
Europe Renewable Energy 0.1% 2.5% 1.9% 2.8% 47.1% 22.2%
HU Market -2.3% -2.3% -5.8% 10.5% 48.4% 103.1%
1 Year Return vs Industry and Market
  • No trading data on ALTEO/NODIV.
  • No trading data on ALTEO/NODIV.
Price Volatility
ALTEO/NODIV
Industry
5yr Volatility vs Market
Related Companies

ALTEO/NODIV Value

 Is ALTEO Energiaszolgáltató Nyrt 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 ALTEO Energiaszolgáltató Nyrt 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 ALTEO Energiaszolgáltató Nyrt.

BUSE:ALTEO/NODIV Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 10.7%
Perpetual Growth Rate 10-Year HU Government Bond Rate 3%

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 BUSE:ALTEO/NODIV
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HU Govt Bond Rate 3%
Equity Risk Premium S&P Global 9%
Renewable Energy Unlevered Beta Simply Wall St/ S&P Global 0.49
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.489 (1 + (1- 9%) (68.11%))
0.86
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.86
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.96% + (0.86 * 9.02%)
10.72%

Discounted Cash Flow Calculation for BUSE:ALTEO/NODIV using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for ALTEO Energiaszolgáltató Nyrt 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.

BUSE:ALTEO/NODIV DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HUF, Millions) Source Present Value
Discounted (@ 10.72%)
2019 3,849.81 Est @ 23.11% 3,477.09
2020 4,506.73 Est @ 17.06% 3,676.34
2021 5,085.07 Est @ 12.83% 3,746.52
2022 5,587.01 Est @ 9.87% 3,717.81
2023 6,022.66 Est @ 7.8% 3,619.71
2024 6,404.88 Est @ 6.35% 3,476.75
2025 6,746.29 Est @ 5.33% 3,307.53
2026 7,057.92 Est @ 4.62% 3,125.31
2027 7,348.81 Est @ 4.12% 2,939.07
2028 7,626.09 Est @ 3.77% 2,754.68
Present value of next 10 years cash flows HUF33,840.82
BUSE:ALTEO/NODIV DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= HUF7,626.09 × (1 + 2.96%) ÷ (10.72% – 2.96%)
HUF101,193.51
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HUF101,193.51 ÷ (1 + 10.72%)10
HUF36,552.97
BUSE:ALTEO/NODIV Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HUF33,840.82 + HUF36,552.97
HUF70,393.79
Equity Value per Share
(HUF)
= Total value / Shares Outstanding
= HUF70,393.79 / 19.39
HUF3631.11
BUSE:ALTEO/NODIV Discount to Share Price
Calculation Result
Value per share (HUF) From above. HUF3,670.39
Current discount Discount to share price of HUF748.00
= -1 x (HUF748.00 - HUF3,670.39) / HUF3,670.39
79.6%

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

Current Discount
Amount off the current price ALTEO Energiaszolgáltató Nyrt is available for.
Intrinsic value
>50%
Share price is HUF748 vs Future cash flow value of HUF3670.39
Current Discount Checks
For ALTEO Energiaszolgáltató Nyrt to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • ALTEO Energiaszolgáltató Nyrt's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • ALTEO Energiaszolgáltató Nyrt's share price is below the future cash flow value, and 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 ALTEO Energiaszolgáltató Nyrt's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ALTEO Energiaszolgáltató Nyrt's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BUSE:ALTEO/NODIV PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in HUF HUF32.72
BUSE:ALTEO Share Price ** BUSE (2019-06-19) in HUF HUF740
Europe Renewable Energy Industry PE Ratio Median Figure of 49 Publicly-Listed Renewable Energy Companies 28.03x
Hungary Market PE Ratio Median Figure of 25 Publicly-Listed Companies 11.69x

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

** Primary Listing of ALTEO Energiaszolgáltató Nyrt.

BUSE:ALTEO/NODIV PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BUSE:ALTEO Share Price ÷ EPS (both in HUF)

= 740 ÷ 32.72

22.62x

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

  • ALTEO Energiaszolgáltató Nyrt is good value based on earnings compared to the Europe Renewable Energy industry average.
  • ALTEO Energiaszolgáltató Nyrt is overvalued based on earnings compared to the Hungary market.
Price based on expected Growth
Does ALTEO Energiaszolgáltató Nyrt's expected growth come at a high price?
Raw Data
BUSE:ALTEO/NODIV PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 22.62x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-6.7%per year
Europe Renewable Energy Industry PEG Ratio Median Figure of 26 Publicly-Listed Renewable Energy Companies 1.32x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for ALTEO Energiaszolgáltató Nyrt, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on ALTEO Energiaszolgáltató Nyrt's assets?
Raw Data
BUSE:ALTEO/NODIV PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in HUF HUF332.11
BUSE:ALTEO Share Price * BUSE (2019-06-19) in HUF HUF740
Europe Renewable Energy Industry PB Ratio Median Figure of 62 Publicly-Listed Renewable Energy Companies 1.46x
Hungary Market PB Ratio Median Figure of 28 Publicly-Listed Companies 1.82x
BUSE:ALTEO/NODIV PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BUSE:ALTEO Share Price ÷ Book Value per Share (both in HUF)

= 740 ÷ 332.11

2.23x

* Primary Listing of ALTEO Energiaszolgáltató Nyrt.

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

  • ALTEO Energiaszolgáltató Nyrt is overvalued based on assets compared to the Europe Renewable Energy industry average.
X
Value checks
We assess ALTEO Energiaszolgáltató Nyrt'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 Renewable Energy 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 Renewable Energy industry average (and greater than 0)? (1 check)
  5. ALTEO Energiaszolgáltató Nyrt 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.

ALTEO/NODIV Future Performance

 How is ALTEO Energiaszolgáltató Nyrt expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover ALTEO Energiaszolgáltató Nyrt, future earnings growth has been estimated based on fundamentals.
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
-6.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ALTEO Energiaszolgáltató Nyrt expected to grow at an attractive rate?
  • ALTEO Energiaszolgáltató Nyrt's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 3%.
Growth vs Market Checks
  • ALTEO Energiaszolgáltató Nyrt's earnings are expected to decrease over the next 1-3 years, this is below the Hungary market average.
  • Unable to compare ALTEO Energiaszolgáltató Nyrt's revenue growth to the Hungary market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BUSE:ALTEO/NODIV Future Growth Rates Data Sources
Data Point Source Value (per year)
BUSE:ALTEO/NODIV Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -6.7%
Europe Renewable Energy Industry Earnings Growth Rate Market Cap Weighted Average 18.6%
Europe Renewable Energy Industry Revenue Growth Rate Market Cap Weighted Average 6.9%
Hungary Market Earnings Growth Rate Market Cap Weighted Average 5%
Hungary Market Revenue Growth Rate Market Cap Weighted Average 4.2%

*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
BUSE:ALTEO/NODIV Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in HUF Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BUSE:ALTEO/NODIV Past Financials Data
Date (Data in HUF Millions) Revenue Cash Flow Net Income *
2018-12-31 18,686 3,127 511
2018-09-30 19,267 692
2018-06-30 19,031 2,730 676
2018-03-31 18,710 1,731 794
2017-12-31 18,389 733 913
2017-09-30 16,778 388
2017-06-30 15,800 -495 703
2017-03-31 14,440 1,265 582
2016-12-31 13,948 1,907 728
2016-09-30 13,214 1,942 813
2016-06-30 13,188 1,498 722
2016-03-31 12,746 718 1,465

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • ALTEO Energiaszolgáltató Nyrt's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if ALTEO Energiaszolgáltató Nyrt is high growth as no revenue estimate data is available.
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
BUSE:ALTEO/NODIV Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from ALTEO Energiaszolgáltató Nyrt Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BUSE:ALTEO/NODIV Past Financials Data
Date (Data in HUF Millions) EPS *
2018-12-31 32.72
2018-09-30 44.21
2018-06-30 43.25
2018-03-31 50.81
2017-12-31 58.38
2017-09-30 24.72
2017-06-30 46.90
2017-03-31 42.56
2016-12-31 53.63
2016-09-30
2016-06-30 55.54
2016-03-31 110.71

*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.
  • Unable to establish if ALTEO Energiaszolgáltató Nyrt will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess ALTEO Energiaszolgáltató Nyrt'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.
ALTEO Energiaszolgáltató Nyrt has a total score of 0/6, 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.

ALTEO/NODIV Past Performance

  How has ALTEO Energiaszolgáltató Nyrt 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 ALTEO Energiaszolgáltató Nyrt's growth in the last year to its industry (Renewable Energy).
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.
  • ALTEO Energiaszolgáltató Nyrt's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • ALTEO Energiaszolgáltató Nyrt's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • ALTEO Energiaszolgáltató Nyrt's 1-year earnings growth is negative, it can't be compared to the Europe Renewable Energy industry average.
Earnings and Revenue History
ALTEO Energiaszolgáltató Nyrt'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 ALTEO Energiaszolgáltató Nyrt Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BUSE:ALTEO/NODIV Past Revenue, Cash Flow and Net Income Data
Date (Data in HUF Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 18,685.77 511.22 2,506.53
2018-09-30 19,267.28 691.53 2,259.92
2018-06-30 19,031.16 676.02 2,292.04
2018-03-31 18,710.22 794.27 2,222.98
2017-12-31 18,389.28 912.53 2,153.92
2017-09-30 16,778.00 387.74 2,554.46
2017-06-30 15,799.66 702.67 2,272.60
2017-03-31 14,439.56 581.66 2,447.21
2016-12-31 13,948.22 728.10 2,192.47
2016-09-30 13,214.38 813.47 1,826.04
2016-06-30 13,187.79 721.86 1,967.17
2016-03-31 12,745.68 1,465.47 1,545.75
2015-12-31 10,446.58 1,087.40 1,411.51
2014-12-31 5,860.04 -345.91 557.38
2013-12-31 6,147.59 -57.46 486.52

*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.
  • ALTEO Energiaszolgáltató Nyrt has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • ALTEO Energiaszolgáltató Nyrt used its assets less efficiently than the Europe Renewable Energy industry average last year based on Return on Assets.
  • ALTEO Energiaszolgáltató Nyrt's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess ALTEO Energiaszolgáltató Nyrt'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 Renewable Energy 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.
ALTEO Energiaszolgáltató Nyrt has a total score of 1/6, 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.

ALTEO/NODIV Health

 How is ALTEO Energiaszolgáltató Nyrt'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 ALTEO Energiaszolgáltató Nyrt's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • ALTEO Energiaszolgáltató Nyrt is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • ALTEO Energiaszolgáltató Nyrt's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of ALTEO Energiaszolgáltató Nyrt'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 not covered by short term assets, assets are 0.9x 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 ALTEO Energiaszolgáltató Nyrt Company Filings, last reported 5 months ago.

BUSE:ALTEO/NODIV Past Debt and Equity Data
Date (Data in HUF Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 5,144.73 9,465.42 3,161.09
2018-09-30 5,491.00 7,405.00 1,280.00
2018-06-30 5,104.44 5,988.33 2,203.46
2018-03-31 5,104.44 5,988.33 2,203.46
2017-12-31 5,119.50 5,802.27 3,607.16
2017-09-30
2017-06-30 4,668.93 6,756.04 3,474.95
2017-03-31 4,668.93 6,756.04 3,474.95
2016-12-31 4,896.65 5,809.01 4,634.06
2016-09-30 3,373.17 5,874.31 3,144.38
2016-06-30 3,213.73 6,164.39 3,106.27
2016-03-31 3,010.90 6,290.97 2,286.67
2015-12-31 2,543.60 6,393.56 2,535.30
2014-12-31 1,527.45 5,918.42 2,641.47
2013-12-31 1,873.37 4,505.00 1,145.09
  • ALTEO Energiaszolgáltató Nyrt's level of debt (189.9%) 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 (244% vs 189.9% today).
  • Debt is well covered by operating cash flow (32%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.4x coverage).
X
Financial health checks
We assess ALTEO Energiaszolgáltató Nyrt'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. ALTEO Energiaszolgáltató Nyrt has a total score of 5/6, 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.

ALTEO/NODIV Dividends

 What is ALTEO Energiaszolgáltató Nyrt'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
2.16%
Current annual income from ALTEO Energiaszolgáltató Nyrt dividends.
If you bought HUF2,000 of ALTEO Energiaszolgáltató Nyrt shares you are expected to receive HUF43 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?
  • ALTEO Energiaszolgáltató Nyrt's pays a lower dividend yield than the bottom 25% of dividend payers in Hungary (2.28%).
  • ALTEO Energiaszolgáltató Nyrt's dividend is below the markets top 25% of dividend payers in Hungary (5.67%).
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
BUSE:ALTEO/NODIV 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 0 Analyst Estimates (S&P Global) See Below
Europe Renewable Energy Industry Average Dividend Yield Market Cap Weighted Average of 25 Stocks 3.3%
Hungary Market Average Dividend Yield Market Cap Weighted Average of 14 Stocks 3%
Hungary Minimum Threshold Dividend Yield 10th Percentile 1.9%
Hungary Bottom 25% Dividend Yield 25th Percentile 2.3%
Hungary Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

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

BUSE:ALTEO/NODIV Past Annualized Dividends Data
Date (Data in HUF) Dividend per share (annual) Avg. Yield (%)
2018-04-20 16.000 2.274
2017-04-26 16.000 2.447
2016-04-27 15.000 2.478

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

  • Whilst dividend payments have been stable, ALTEO Energiaszolgáltató Nyrt has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but ALTEO Energiaszolgáltató Nyrt only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of ALTEO Energiaszolgáltató Nyrt's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess ALTEO Energiaszolgáltató Nyrt's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.9%) - 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 ALTEO Energiaszolgáltató Nyrt afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. ALTEO Energiaszolgáltató Nyrt has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

ALTEO/NODIV Management

 What is the CEO of ALTEO Energiaszolgáltató Nyrt'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
Attila Chikán
AGE 74
TENURE AS CEO 11.3 years
CEO Bio

Dr. Attila Chikán, Jr. has been the Chief Executive Officer of ALTEO Energiaszolgáltató Nyrt since March 2008. Dr. Chikán is a Professor of the Budapest University of Economics and Public Administration of Business Economics Department and Manager of the Competitiveness Research Centre. He has been working for the Budapest University of Economic Sciences since 1968. He served as Head of the Business Economics Department from 1989 to 1998. He served as Manager of the Competitiveness Research Centre, corresponding member of the Hungarian Academy of Sciences. He held the office of Minister of Economic Affairs in the Hungarian government from 1998 to 1999. He was Rector of the Budapest University of Economic Sciences and Public Administration from 2000 to 2003. Since then, Dr. Chikán has been a Director of the Competitiveness Research Centre of the University. Dr. Chikán has been the Chairman of Supervisory Board at Richter Gedeon Vegyészeti Gyár Nyilvánosan Muködo Rt. (also known as Gedeon Richter Plc.) since April 26, 2006. He has been the Deputy Chairman of Supervisory Board at MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag (alternate name, Mol Magyar Olaj Es Gazipari Rt) since May 12, 2005 and its Independent Member of Supervisory Board since April 30, 2004. He serves as Member of Supervisory Board at Gedeon Richter Polska Sp. z o.o. He serves as a Director and Member of the Executive Board of ALTEO Energiaszolgáltató Nyrt. Dr. Chikán served as a Director of PannErgy Plc (also called as Pannonplast Muanyagipari Rt.), since September 13, 2004. He is corresponding member and Doctor of the Hungarian Academy of Sciences. He is a full Member of Foreign Member of the Royal Swedish Academy of Engineering. He served as Member of Supervisory Board at Gedeon Richter Romania S.A. He holds several positions in Hungarian and international professional organizations and membership in the Editorial board of several international Journals on Economics and Management. Dr. Chikán graduated from Budapest University of Economic Sciences in 1967 and earned his PhD in 1969. From 2000 to 2002, he was Chairman of the Council of Economic Advisors of the Prime Minister. He is Honorary Doctor of Lappeenranta University of Technology (Finland) and Babes-Bolyai University (Romania) and member of the Board of Trustees of Central European University.

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

Attila Chikán

TITLE
CEO, Member of the Executive Board & Director
AGE
74
TENURE
11.3 yrs

Zoltán Bodnár

TITLE
CFO & Member of the Executive Board
TENURE
1.3 yrs

Domonkos Kovács

TITLE
Deputy CEO of M&A and Capital Markets and Member of the Executive Board

Sándor Bodó

TITLE
Financial Director & Member of the Executive Board

András Papp

TITLE
GM, Member of the Executive Board & Director

Péter Luczay

TITLE
Director of Wholesale Energy Trading & VPP Management and Member of the Executive Board

Viktor Varga

TITLE
Energy Production Director & Member of the Executive Board

Levente Tasnádi-Tulogdi

TITLE
Technical Director
Board of Directors

Gyula Mezõ

TITLE
Chairman of the Board
TENURE
0.4 yrs

Attila Chikán

TITLE
CEO, Member of the Executive Board & Director
AGE
74

Domonkos Kovács

TITLE
Deputy CEO of M&A and Capital Markets and Member of the Executive Board

András Papp

TITLE
GM, Member of the Executive Board & Director

István Bakács

TITLE
Chairman of the Supervisory Board

Zsolt Müllner

TITLE
Director
TENURE
4.3 yrs

Ferenc Karvalits

TITLE
Director

István Borbíró

TITLE
Member of the Supervisory Board

Péter Jancsó

TITLE
Member of the Supervisory Board

János Lukács

TITLE
Member of the Supervisory Board
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 (HUF) Value (HUF)
X
Management checks
We assess ALTEO Energiaszolgáltató Nyrt'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. ALTEO Energiaszolgáltató Nyrt 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.

ALTEO/NODIV News

Simply Wall St News

ALTEO/NODIV Company Info

Description

ALTEO Energiaszolgáltató Nyrt. generates and sells electricity and heat in Hungary. The company generates electricity and heat from natural gas fueled, industrial, wind turbine, hydro, solar, biogas/landfill gas, and biomass power plants, as well as district heating plants. It owns and operates 23 power and heating plants with a total electric generating capacity of 156 megawatts, and 880 megawatts of heat generation capacity. The company is also involved in the energy trading business; and provision of energy services, including engineering and project management, contracting, operation, maintenance, and investment funding services. ALTEO Energiaszolgáltató Nyrt. was founded in 2008 and is headquartered in Budapest, Hungary.

Details
Name: ALTEO Energiaszolgáltató Nyrt.
ALTEO/NODIV
Exchange: BUSE
Founded: 2008
HUF14,345,842,760
19,386,274
Website: http://alteo.hu
Address: ALTEO Energiaszolgáltató Nyrt.
Babér utca 1-5,
Budapest,
1131,
Hungary
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BUSE ALTEO Ordinary Shares Budapest Stock Exchange HU HUF 15. Aug 2012
BUSE ALTEO/NODIV HUF12.5 (WITHOUT DIVIDEND RIGHTS) Budapest Stock Exchange HU HUF 12. Apr 2019
Number of employees
Current staff
Staff numbers
0
ALTEO Energiaszolgáltató Nyrt employees.
Industry
Renewable Electricity
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/26 04:19
End of day share price update: 2019/06/19 00:00
Last earnings filing: 2019/04/05
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.