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Schaeffler

BDL:129556102
Snowflake Description

Good value with adequate balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
129556102
BDL
€6B
Market Cap
  1. Home
  2. LU
  3. Automobiles
Company description

Schaeffler AG manufactures and sells precision components and systems for automotive and industrial applications in Europe, the Americas, China, and the Asia Pacific. The last earnings update was 46 days ago. More info.


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129556102 Share Price and Events
7 Day Returns
5%
BDL:129556102
2.8%
Europe Auto Components
2.5%
LU Market
1 Year Returns
-35.4%
BDL:129556102
-21.9%
Europe Auto Components
6.3%
LU Market
129556102 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Schaeffler (129556102) 5% 19.3% 9.2% -35.4% -37.8% -
Europe Auto Components 2.8% 11.8% 16.1% -21.9% -4.4% 9.3%
LU Market 2.5% 9.2% -4% 6.3% -28.9% -33.9%
1 Year Return vs Industry and Market
  • 129556102 underperformed the Auto Components industry which returned -21.9% over the past year.
  • 129556102 underperformed the Market in Luxembourg which returned 6.3% over the past year.
Price Volatility
129556102
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Schaeffler 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 Schaeffler 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 Schaeffler.

BDL:129556102 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 16 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.2%
Perpetual Growth Rate 10-Year LU Government Bond Rate 0.7%

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 BDL:129556102
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year LU Govt Bond Rate 0.7%
Equity Risk Premium S&P Global 6%
Auto Components Unlevered Beta Simply Wall St/ S&P Global 1.16
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.159 (1 + (1- 30%) (58.77%))
1.426
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.43
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.68% + (1.426 * 5.96%)
9.18%

Discounted Cash Flow Calculation for BDL:129556102 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Schaeffler 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.

BDL:129556102 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 9.18%)
2019 391.13 Analyst x8 358.25
2020 480.00 Analyst x8 402.69
2021 547.25 Analyst x6 420.52
2022 787.00 Analyst x1 553.92
2023 913.96 Est @ 16.13% 589.20
2024 1,019.03 Est @ 11.5% 601.71
2025 1,103.11 Est @ 8.25% 596.61
2026 1,169.08 Est @ 5.98% 579.14
2027 1,220.40 Est @ 4.39% 553.74
2028 1,260.39 Est @ 3.28% 523.81
Present value of next 10 years cash flows €5,179.59
BDL:129556102 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €1,260.39 × (1 + 0.68%) ÷ (9.18% – 0.68%)
€14,933.49
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €14,933.49 ÷ (1 + 9.18%)10
€6,206.30
BDL:129556102 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €5,179.59 + €6,206.30
€11,385.89
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €11,385.89 / 666.00
€17.1
BDL:129556102 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BDL:129556102 represents 0.99275x of DB:SHA
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99275x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 17.10 x 0.99275
€16.97
Value per share (EUR) From above. €16.97
Current discount Discount to share price of €8.49
= -1 x (€8.49 - €16.97) / €16.97
50%

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

Current Discount
Amount off the current price Schaeffler is available for.
Intrinsic value
50%
Share price is €8.49 vs Future cash flow value of €16.97
Current Discount Checks
For Schaeffler to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Schaeffler's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Schaeffler'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 Schaeffler's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Schaeffler's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BDL:129556102 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €1.32
DB:SHA Share Price ** DB (2019-04-18) in EUR €8.55
Europe Auto Components Industry PE Ratio Median Figure of 42 Publicly-Listed Auto Components Companies 13.23x
Luxembourg Market PE Ratio Median Figure of 6 Publicly-Listed Companies 23.66x

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

** Primary Listing of Schaeffler.

BDL:129556102 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= DB:SHA Share Price ÷ EPS (both in EUR)

= 8.55 ÷ 1.32

6.47x

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

  • Schaeffler is good value based on earnings compared to the Europe Auto Components industry average.
  • Schaeffler is good value based on earnings compared to the Luxembourg market.
Price based on expected Growth
Does Schaeffler's expected growth come at a high price?
Raw Data
BDL:129556102 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.47x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts
4.7%per year
Europe Auto Components Industry PEG Ratio Median Figure of 33 Publicly-Listed Auto Components Companies 1.11x

*Line of best fit is calculated by linear regression .

BDL:129556102 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.47x ÷ 4.7%

1.37x

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

  • Schaeffler is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Schaeffler's assets?
Raw Data
BDL:129556102 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €4.46
DB:SHA Share Price * DB (2019-04-18) in EUR €8.55
Europe Auto Components Industry PB Ratio Median Figure of 47 Publicly-Listed Auto Components Companies 1.51x
Luxembourg Market PB Ratio Median Figure of 9 Publicly-Listed Companies 1.11x
BDL:129556102 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= DB:SHA Share Price ÷ Book Value per Share (both in EUR)

= 8.55 ÷ 4.46

1.92x

* Primary Listing of Schaeffler.

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

  • Schaeffler is overvalued based on assets compared to the Europe Auto Components industry average.
X
Value checks
We assess Schaeffler'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 Auto Components 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 Auto Components industry average (and greater than 0)? (1 check)
  5. Schaeffler has a total score of 4/6, 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 Schaeffler expected to perform in the next 1 to 3 years based on estimates from 16 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
4.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Schaeffler expected to grow at an attractive rate?
  • Schaeffler's earnings growth is expected to exceed the low risk savings rate of 0.7%.
Growth vs Market Checks
  • Schaeffler's earnings growth is positive but not above the Luxembourg market average.
  • Schaeffler's revenue growth is expected to exceed the market average.
Annual Growth Rates Comparison
Raw Data
BDL:129556102 Future Growth Rates Data Sources
Data Point Source Value (per year)
BDL:129556102 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts 4.7%
BDL:129556102 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 16 Analysts 3%
Europe Auto Components Industry Earnings Growth Rate Market Cap Weighted Average 7%
Europe Auto Components Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
Luxembourg Market Earnings Growth Rate Market Cap Weighted Average 23.3%

*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
BDL:129556102 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BDL:129556102 Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 17,077 1
2022-12-31 16,187 1,171 3
2021-12-31 15,503 1,846 970 11
2020-12-31 15,083 1,781 897 16
2019-12-31 14,607 1,649 792 16
BDL:129556102 Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 14,241 1,606 881
2018-09-30 14,255 1,645 955
2018-06-30 14,168 1,792 1,004
2018-03-31 13,998 1,829 941
2017-12-31 14,021 1,778 980
2017-09-30 13,841 1,687 978
2017-06-30 13,672 1,605 850
2017-03-31 13,569 1,856 885
2016-12-31 13,338 1,876 859
2016-09-30 13,198 1,765 742
2016-06-30 13,170 1,727 776
2016-03-31 13,183 1,394 677

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Schaeffler's earnings are expected to grow by 4.7% yearly, however this is not considered high growth (20% yearly).
  • Schaeffler's revenue is expected to grow by 3% 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
BDL:129556102 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below

All data from Schaeffler Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BDL:129556102 Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 1.76 1.82 1.69 2.00
2021-12-31 1.44 1.73 1.30 11.00
2020-12-31 1.35 1.67 1.18 16.00
2019-12-31 1.21 1.45 0.96 16.00
BDL:129556102 Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 1.32
2018-09-30 1.43
2018-06-30 1.51
2018-03-31 1.41
2017-12-31 1.47
2017-09-30 1.47
2017-06-30 1.28
2017-03-31 1.33
2016-12-31 1.29
2016-09-30 1.12
2016-06-30 1.17
2016-03-31 1.03

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

BDL:129556102 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 14,241.00 881.00 1,532.00 847.00
2018-09-30 14,255.00 955.00 1,502.00 862.00
2018-06-30 14,168.00 1,004.00 1,472.00 862.00
2018-03-31 13,998.00 941.00 1,452.00 858.00
2017-12-31 14,021.00 980.00 1,451.00 846.00
2017-09-30 13,841.00 978.00 1,436.00 822.00
2017-06-30 13,672.00 850.00 1,432.00 801.00
2017-03-31 13,569.00 885.00 1,415.00 779.00
2016-12-31 13,338.00 859.00 1,388.00 751.00
2016-09-30 13,198.00 742.00 1,373.00 729.00
2016-06-30 13,170.00 776.00 1,369.00 701.00
2016-03-31 13,183.00 677.00 1,375.00 681.00
2015-12-31 13,179.00 591.00 1,369.00 673.00
2015-09-30 13,058.00 736.00 1,383.00 659.00
2015-06-30 12,855.00 753.00 1,360.00 658.00
2015-03-31 12,487.00 601.00 1,321.00 643.00
2014-12-31 12,124.00 654.00 1,282.00 622.00
2013-12-31 11,205.00 127.00 1,244.00 611.00
2012-12-31 11,125.00 380.00 1,226.00 593.00

*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.
  • Whilst Schaeffler has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • Schaeffler used its assets more efficiently than the Europe Auto Components industry average last year based on Return on Assets.
  • Schaeffler's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Schaeffler'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 Auto Components 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.
Schaeffler 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 Schaeffler'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 Schaeffler's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Schaeffler is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Schaeffler's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Schaeffler'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 Schaeffler Company Filings, last reported 3 months ago.

BDL:129556102 Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 3,060.00 3,348.00 898.00
2018-09-30 2,907.00 3,375.00 867.00
2018-06-30 2,657.00 3,340.00 607.00
2018-03-31 2,742.00 3,111.00 767.00
2017-12-31 2,581.00 3,068.00 735.00
2017-09-30 2,401.00 3,339.00 815.00
2017-06-30 2,168.00 3,355.00 484.00
2017-03-31 2,400.00 3,689.00 1,001.00
2016-12-31 1,997.00 3,707.00 1,097.00
2016-09-30 1,554.00 5,441.00 2,662.00
2016-06-30 1,425.00 5,446.00 691.00
2016-03-31 1,609.00 5,602.00 887.00
2015-12-31 1,568.00 5,688.00 869.00
2015-09-30 631.00 6,674.00 854.00
2015-06-30 532.00 6,665.00 782.00
2015-03-31 418.00 6,799.00 989.00
2014-12-31 258.00 6,414.00 683.00
2013-12-31 -1,966.00 5,753.00 358.00
2012-12-31 -2,598.00 6,974.00 492.00
  • Schaeffler's level of debt (109.4%) compared to net worth is high (greater than 40%).
  • Schaeffler had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.
  • Debt is well covered by operating cash flow (48%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 13.2x coverage).
X
Financial health checks
We assess Schaeffler'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. Schaeffler 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 Schaeffler'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
6.43%
Current annual income from Schaeffler dividends. Estimated to be 6.01% next year.
If you bought €2,000 of Schaeffler shares you are expected to receive €129 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?
  • Schaeffler's pays a higher dividend yield than the bottom 25% of dividend payers in Luxembourg (1.7%).
  • Schaeffler's dividend is above the markets top 25% of dividend payers in Luxembourg (5.25%).
Upcoming dividend payment

Purchase Schaeffler 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
BDL:129556102 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 16 Analyst Estimates (S&P Global) See Below
Europe Auto Components Industry Average Dividend Yield Market Cap Weighted Average of 34 Stocks 3.2%
Luxembourg Market Average Dividend Yield Market Cap Weighted Average of 7 Stocks 3.9%
Luxembourg Minimum Threshold Dividend Yield 10th Percentile 1.1%
Luxembourg Bottom 25% Dividend Yield 25th Percentile 1.7%
Luxembourg 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.

BDL:129556102 Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 0.60 2.00
2021-12-31 0.53 12.00
2020-12-31 0.52 17.00
2019-12-31 0.48 15.00
BDL:129556102 Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-06 0.550 7.298
2018-03-07 0.550 5.482
2017-03-09 0.500 3.600
2016-03-15 0.350 2.555
2015-10-12 0.417 2.897

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

  • Schaeffler 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 Schaeffler only paid a dividend in the past 4 years.
Current Payout to shareholders
What portion of Schaeffler's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.7x coverage).
X
Income/ dividend checks
We assess Schaeffler's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 Schaeffler afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Schaeffler has a total score of 4/6, 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 Schaeffler'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
Klaus Rosenfeld
COMPENSATION €4,724,000
AGE 52
TENURE AS CEO 4.8 years
CEO Bio

Mr. Klaus Rosenfeld serves as Chief Executive Officer and Managing Director at IHO Verwaltungs GmbH (alternative name Schaeffler Verwaltung Zwei GmbH). Mr. Rosenfeld serves as the Chief Executive Officer and Member of Board of Managing Directors at Schaeffler (Singapore) Pte. Ltd. and Schaeffler Korea Corporation. He has been the Chief Executive Officer and Member of Board of Managing Directors of Schaeffler AG since June 2014 and October 24, 2014 respectively and serves as its Member of Executive Board. He serves as the Chief Executive Officer, Chief Financial Officer and Member of Executive Board at LuK (UK) Limited. He serves as the Chief Executive Officer, Managing Director and Member of Management Board at Schaeffler Technologies AG & Co. KG. Mr. Rosenfeld serves as the Chief Executive Officer at Schaeffler Group USA, Inc. He served as the Chief Financial Officer of Schaeffler Group USA, Inc. since March 2009 and redesigned and optimized Schaeffler its corporate capital structure by a range of complex transactions accessing the capital markets and reducing the corporate debt. He was In Charge for the Finance Department at Schaeffler until March 31, 2015. He started his professional career as a Trainee Banker at Dresdner Bank AG. He is member of the board of directors of Siemens Gamesa Renewable Energy S.A., Zamudio, Spain since April 03, 2017. He served as Executive Officer and Chief Financial Officer at Schaeffler Technologies AG & Co. KG. Mr. Rosenfeld served as the Chief Executive Officer of Schaeffler Verwaltung Zwei GmbH since June 2014 and served as its Member of the Executive Management Board. He served as the Chief Financial Officer of Schaeffler Verwaltung Zwei GmbH until April 1, 2015. Previously, he served as the Chief Executive Officer of Schaeffler Verwaltung Zwei GmbH from June 2014 to July 1, 2014 and its Acting Chief Executive Officer since October 04, 2013 until June 2014 and Deputy Chief Executive Officer since July 1, 2014. He served as the Chief Financial Officer and Member of Managing Board at Dresdner Bank AG since November 1, 2002, Senior General Manager since April 1, 2001 and also served as its Managing Director of Finance and Controlling & Compliance, responsible for Finance & Controlling, Compliance and Corporate Investments. He served as a Member of Management Board at LGT Bank (Switzerland) Ltd. Mr. Rosenfeld served as the Joint Head of the Finance/Financial Control Corporate Centre at Dresdner Bank AG since April 1, 2001 and Head of Special Projects for the Board of Managing Directors since October 2000. He served as a Bank Clerk at Dresdner Bank. He rejoined Dresdner Bank in 1993 and initially worked in the Structured Financing Department of the Investment Banking Division as an Assistant to Chairman of the Board of Managing Directors since 1997 and also served as its Personnel Assistant to the Chief Executive Officer Bernhard Walter and his successor Prof. Dr. Bernd Fahrholz. Since 2001, he served as Chief Representative and Deputy Head of Finance and Controlling at Dresdner. He served as Chief Executive Officer at Continental Aktiengesellschaft (formerly, Continental AG) since October 2013 and also served as its Chief Financial Officer. He serves as the Chairman of the Works Council for the Regensburg Location and Chairman of the Central Works Council of Continental Automotive GmbH. Mr. Rosenfeld served as Deputy Chairman of the Supervisory Board and Advisory Boards at Dresdner Lateinamerika Aktiengesellschaft. He served as the Deputy Chairman of Dresdner Bank Luxembourg S.A. He served as Vice Chairman of the Supervisory Board at Dresdner Bank Luxembourg S.A. until February 16, 2009. He serves as Non-Executive Independent Director at Siemens Gamesa Renewable Energy, S.A. He has been an Non-Independent & Non-Executive Director of Schaeffler India Limited (alternative name Fag Bearings India Ltd.) since February 11, 2015. He serves as a Member of Supervisory Board at Contintental AG. He serves as a Member of the Supervisory Board and Advisory Boards of Dresdner Bank Lateinamerika Ag. He serves as a Member of Advisory Board at crossinx GmbH. He has been a Member of the Supervisory Board at Continental Aktiengesellschaft since April 23, 2009. He served as a Director of LGT Bank (Switzerland) Ltd. He served as a Director of Dresdner Bank Luxembourg S.A. He served as a Member of the Supervisory Board at Dresdner Bank Luxembourg S.A. until February 16, 2009. He served as a Member of the Supervisory Board and Advisory Boards at Dresdner Lateinamerika Aktiengesellschaft. He has been Director of Schaeffler Holding (China) Co. Ltd., Shanghai, China. Mr. Rosenfeld graduated in Business Administration and Economics at the University of Muenster.

CEO Compensation
  • Klaus's compensation has been consistent with company performance over the past year.
  • Insufficient data for Klaus to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure

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

2.2
Average Tenure
54
Average Age
  • The tenure for the Schaeffler management team is about average.
Management Team

Klaus Rosenfeld

TITLE
CEO, Member of Board of Managing Directors & Member of Executive Board
COMPENSATION
€5M
AGE
52
TENURE
4.8 yrs

Dietmar Heinrich

TITLE
CFO, Member of Executive Board & Member of Board of Managing Directors
COMPENSATION
€2M
AGE
55
TENURE
1.7 yrs

Peter Gutzmer

TITLE
Deputy CEO
COMPENSATION
€2M
AGE
65
TENURE
8.3 yrs

Stefan Spindler

TITLE
CEO of Industrial
COMPENSATION
€2M
AGE
57

Andreas Schick

TITLE
COO, Member of Executive Board & Member of Board of Managing Directors
COMPENSATION
€2M
AGE
48
TENURE
1 yrs

Corinna Schittenhelm

TITLE
Chief HR Officer
COMPENSATION
€2M
AGE
51
TENURE
3.3 yrs

Matthias Zink

TITLE
CEO of Automotive OEM
COMPENSATION
€2M
AGE
49
TENURE
2.3 yrs

Michael Söding

TITLE
CEO of Automotive Aftermarket
COMPENSATION
€2M
TENURE
1.3 yrs

Dirk Spindler

TITLE
Senior VP of R&D Processes
COMPENSATION
€58K
AGE
54
TENURE
2.1 yrs

Bruce Warmbold

TITLE
Member of Executive Board
AGE
63
Board of Directors Tenure

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

4.3
Average Tenure
61
Average Age
  • The tenure for the Schaeffler board of directors is about average.
Board of Directors

Georg F. Schaeffler

TITLE
Chairman of Supervisory Board
COMPENSATION
€155K
AGE
54

Maria-Elisabeth Schaeffler-Thumann

TITLE
Deputy Chairperson of Supervisory Board
COMPENSATION
€95K
AGE
77

Jürgen Wechsler

TITLE
Employee representative Deputy Chairman of Supervisory Board
COMPENSATION
€109K
AGE
63
TENURE
3.4 yrs

Dirk Spindler

TITLE
Senior VP of R&D Processes
COMPENSATION
€58K
AGE
54
TENURE
3.4 yrs

Robin Stalker

TITLE
Member of Supervisory Board
COMPENSATION
€92K
AGE
60
TENURE
4.3 yrs

Hans-Jörg Bullinger

TITLE
Member of Supervisory Board
COMPENSATION
€56K
TENURE
4.3 yrs

Holger Engelmann

TITLE
Member of Supervisory Board
COMPENSATION
€56K
AGE
53
TENURE
4.3 yrs

Bernd Gottschalk

TITLE
Member of Supervisory Board
COMPENSATION
€55K
AGE
75
TENURE
4.3 yrs

Norbert Lenhard

TITLE
Employee Representative of Supervisory Board
COMPENSATION
€84K
AGE
61
TENURE
3.4 yrs

Siegfried Luther

TITLE
Member of Supervisory Board
COMPENSATION
€94K
AGE
74
TENURE
4.3 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 Schaeffler'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. Schaeffler 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

Company Info

Description

Schaeffler AG manufactures and sells precision components and systems for automotive and industrial applications in Europe, the Americas, China, and the Asia Pacific. The company’s Automotive OEM division offers engine systems, including rolling bearing solutions, belt and chain drive products, valve train components, and systems for variable valve trains; and transmission systems, such as torsion and vibration dampers, clutches and double clutch systems, torque converters, CVT components, lightweight differentials, bearing solutions, and synchronizing and gearshift components. It also provides chassis systems comprising wheel bearings, bearing solutions, steering components, electromechanical actuators for roll stabilizers, and power-assisted steering systems; and hybrid and electrical drive systems that include hybrid modules, electrical axle drives, and electrical wheel hub drives. The company’s Automotive Aftermarket division offers repair solutions for passenger cars, light commercial vehicles, heavy commercial vehicles, and tractors, as well as supporting services. The company’s Industrial division provides rolling and plain bearings, linear technology, maintenance products, monitoring systems, and direct drive technology solutions. This division serves customers in the wind, raw materials, aerospace, railway, off-road, two-wheelers, power transmission, and industrial automation sectors, as well as industrial aftermarket, mobility, and energy and raw materials. The company offers its products under Schaeffler, LuK, INA, FAG, and Ruville brands. Schaeffler AG has a strategic partnership with Fraunhofer-Gesellschaft. The company was formerly known as INA Beteiligungsgesellschaft mit beschränkter Haftung and changed its name to Schaeffler AG in October 2014. The company was founded in 1946 and is headquartered in Herzogenaurach, Germany. Schaeffler AG is a subsidiary of IHO Verwaltungs GmbH.

Details
Name: Schaeffler AG
129556102
Exchange: BDL
Founded: 1946
€5,696,964,000
666,000,000
Website: http://www.schaeffler.com
Address: Schaeffler AG
Industriestrasse 1-3,
Herzogenaurach,
Bavaria, 91074,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
DB SHA Bearer Shares Deutsche Boerse AG DE EUR 09. Oct 2015
OTCPK SCFL.F Bearer Shares Pink Sheets LLC US USD 09. Oct 2015
XTRA SHA Bearer Shares XETRA Trading Platform DE EUR 09. Oct 2015
LSE 0RBK Bearer Shares London Stock Exchange GB EUR 09. Oct 2015
SWX SHAF Bearer Shares SIX Swiss Exchange CH CHF 09. Oct 2015
WBAG SHA Bearer Shares Wiener Boerse AG AT EUR 09. Oct 2015
BDL 129556102 Bearer Shares Bourse de Luxembourg LU EUR 09. Oct 2015
BATS-CHIXE SHAD Bearer Shares BATS 'Chi-X Europe' GB EUR 09. Oct 2015
Number of employees
Current staff
Staff numbers
92,478
Schaeffler employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/21 21:50
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/03/06
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.