ENXTAM:AALB

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Executive Summary

Aalberts N.V. operates as a technology company worldwide. More Details


Snowflake Analysis

Flawless balance sheet established dividend payer.


Similar Companies

Share Price & News

How has Aalberts's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: AALB is not significantly more volatile than the rest of Dutch stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: AALB's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

3.4%

AALB

1.5%

NL Machinery

1.5%

NL Market


1 Year Return

-4.0%

AALB

10.7%

NL Machinery

-0.9%

NL Market

Return vs Industry: AALB underperformed the Dutch Machinery industry which returned 10.3% over the past year.

Return vs Market: AALB underperformed the Dutch Market which returned -2.2% over the past year.


Shareholder returns

AALBIndustryMarket
7 Day3.4%1.5%1.5%
30 Day11.8%7.1%10.9%
90 Day12.8%8.1%8.0%
1 Year-1.2%-4.0%13.9%10.7%1.4%-0.9%
3 Year-7.0%-12.9%12.3%0.2%8.6%-2.3%
5 Year30.4%18.0%64.3%39.4%37.3%12.5%

Long-Term Price Volatility Vs. Market

How volatile is Aalberts's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Aalberts undervalued compared to its fair value and its price relative to the market?

25.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AALB (€36.98) is trading below our estimate of fair value (€49.91)

Significantly Below Fair Value: AALB is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: AALB's PE Ratio (23.7x) is in line with the XE Machinery industry average.

PE vs Market: AALB is good value based on its PE Ratio (23.7x) compared to the Dutch market (24.4x).


Price to Earnings Growth Ratio

PEG Ratio: AALB is poor value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: AALB is overvalued based on its PB Ratio (2.3x) compared to the XE Machinery industry average (1.6x).


Next Steps

Future Growth

How is Aalberts forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

23.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AALB's forecast earnings growth (23% per year) is above the savings rate (0.4%).

Earnings vs Market: AALB's earnings (23% per year) are forecast to grow slower than the Dutch market (27.9% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: AALB's revenue (3.3% per year) is forecast to grow slower than the Dutch market (9.6% per year).

High Growth Revenue: AALB's revenue (3.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AALB's Return on Equity is forecast to be low in 3 years time (11.4%).


Next Steps

Past Performance

How has Aalberts performed over the past 5 years?

6.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AALB has a large one-off gain of €51.1M impacting its June 30 2020 financial results.

Growing Profit Margin: AALB's current net profit margins (6.4%) are lower than last year (8.6%).


Past Earnings Growth Analysis

Earnings Trend: AALB's earnings have grown by 6.6% per year over the past 5 years.

Accelerating Growth: AALB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: AALB had negative earnings growth (-29.1%) over the past year, making it difficult to compare to the Machinery industry average (-20.6%).


Return on Equity

High ROE: AALB's Return on Equity (9.9%) is considered low.


Next Steps

Financial Health

How is Aalberts's financial position?


Financial Position Analysis

Short Term Liabilities: AALB's short term assets (€1.1B) exceed its short term liabilities (€968.3M).

Long Term Liabilities: AALB's short term assets (€1.1B) exceed its long term liabilities (€690.4M).


Debt to Equity History and Analysis

Debt Level: AALB's debt to equity ratio (37.7%) is considered satisfactory.

Reducing Debt: AALB's debt to equity ratio has reduced from 61.9% to 37.7% over the past 5 years.

Debt Coverage: AALB's debt is well covered by operating cash flow (57.9%).

Interest Coverage: AALB's interest payments on its debt are well covered by EBIT (8.2x coverage).


Balance Sheet


Next Steps

Dividend

What is Aalberts's current dividend yield, its reliability and sustainability?

2.16%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: AALB's dividend (2.16%) is higher than the bottom 25% of dividend payers in the Dutch market (1.93%).

High Dividend: AALB's dividend (2.16%) is low compared to the top 25% of dividend payers in the Dutch market (5.02%).


Stability and Growth of Payments

Stable Dividend: AALB's dividends per share have been stable in the past 10 years.

Growing Dividend: AALB's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (51.2%), AALB's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: AALB's dividends in 3 years are forecast to be well covered by earnings (34.8% payout ratio).


Next Steps

Management

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

4.2yrs

Average board tenure


CEO

Wim Pelsma (57 yo)

8.83yrs

Tenure

€1,882,000

Compensation

Mr. Wim A. Pelsma has been the Chief Executive Officer of Aalberts N.V. since 2012 and served as its Head of Flow Control - Northern and Eastern Europe and Head at Flow Control Benelux. Mr. Pelsma has been...


CEO Compensation Analysis

Compensation vs Market: Wim's total compensation ($USD2.24M) is about average for companies of similar size in the Dutch market ($USD2.75M).

Compensation vs Earnings: Wim's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Piet Veenema
Independent Member of Supervisory Board4.83yrs€50.00kno data
Jan van der Zouw
Independent Member of Supervisory Board5.58yrs€55.00kno data
Maria Oudeman
Independent Member of Supervisory Board3.58yrs€55.00k0.00030%
€ 12.3k
Martin Cornelis van Pernis
Independent Chairman of Supervisory Board3.58yrs€65.00kno data
A. Rinck
Member of Supervisory Boardno datano datano data

4.2yrs

Average Tenure

65.5yo

Average Age

Experienced Board: AALB's board of directors are considered experienced (4.2 years average tenure).


Ownership

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


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Aalberts N.V.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Aalberts N.V.
  • Ticker: AALB
  • Exchange: ENXTAM
  • Founded: 1975
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: €4.089b
  • Shares outstanding: 110.58m
  • Website: https://www.aalberts.com

Number of Employees


Location

  • Aalberts N.V.
  • Word Trade Center Utrecht
  • Stadsplateau 18
  • Utrecht
  • Utrecht
  • 3521 AZ
  • Netherlands

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AALB.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
AALBENXTAM (Euronext Amsterdam)YesOrdinary SharesNLEURJan 1992
AACADB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
0NX1LSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1992
AALBABATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 1992
AALBWBAG (Wiener Boerse AG)YesOrdinary SharesATEURJan 1992

Biography

Aalberts N.V. operates as a technology company worldwide. The company operates through four segments: Installation Technology, Material Technology, Climate Technology, and Industrial Technology. The Instal...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/24 21:27
End of Day Share Price2020/11/24 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.