ENXTAM:ALFEN

Stock Analysis Report

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Executive Summary

Alfen N.V., through its subsidiaries, designs, engineers, develops, produces, and sells products, systems, and services related to the electricity grid. More Details


Snowflake Analysis

Exceptional growth potential with excellent balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: ALFEN is more volatile than 90% of Dutch stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: ALFEN's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of Dutch stocks.


Market Performance


7 Day Return

10.4%

ALFEN

1.0%

NL Electrical

1.5%

NL Market


1 Year Return

393.4%

ALFEN

29.5%

NL Electrical

-0.9%

NL Market

Return vs Industry: ALFEN exceeded the Dutch Electrical industry which returned 32.3% over the past year.

Return vs Market: ALFEN exceeded the Dutch Market which returned -2.2% over the past year.


Shareholder returns

ALFENIndustryMarket
7 Day10.4%1.0%1.5%
30 Day14.1%9.1%10.9%
90 Day12.6%11.6%8.0%
1 Year393.4%393.4%32.7%29.5%1.4%-0.9%
3 Yearn/a49.1%37.4%8.6%-2.3%
5 Yearn/a92.7%-8.5%37.3%12.5%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

142.58x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ALFEN (€67.1) is trading above our estimate of fair value (€55.32)

Significantly Below Fair Value: ALFEN is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ALFEN is poor value based on its PE Ratio (142.6x) compared to the XE Electrical industry average (29.7x).

PE vs Market: ALFEN is poor value based on its PE Ratio (142.6x) compared to the Dutch market (24.4x).


Price to Earnings Growth Ratio

PEG Ratio: ALFEN is poor value based on its PEG Ratio (2.8x)


Price to Book Ratio

PB vs Industry: ALFEN is overvalued based on its PB Ratio (21.8x) compared to the XE Electrical industry average (3x).


Next Steps

Future Growth

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

51.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ALFEN's forecast earnings growth (51.1% per year) is above the savings rate (0.4%).

Earnings vs Market: ALFEN's earnings (51.1% per year) are forecast to grow faster 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: ALFEN's revenue (30% per year) is forecast to grow faster than the Dutch market (9.6% per year).

High Growth Revenue: ALFEN's revenue (30% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ALFEN's Return on Equity is forecast to be high in 3 years time (24.5%)


Next Steps

Past Performance

How has Alfen performed over the past 5 years?

51.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ALFEN has a high level of non-cash earnings.

Growing Profit Margin: ALFEN's current net profit margins (5.5%) are higher than last year (0.6%).


Past Earnings Growth Analysis

Earnings Trend: ALFEN's earnings have grown significantly by 51.3% per year over the past 5 years.

Accelerating Growth: ALFEN's earnings growth over the past year (1303.1%) exceeds its 5-year average (51.3% per year).

Earnings vs Industry: ALFEN earnings growth over the past year (1303.1%) exceeded the Electrical industry -3.9%.


Return on Equity

High ROE: ALFEN's Return on Equity (14.1%) is considered low.


Next Steps

  • Explore strong past performing companies in the Capital Goods industry.

Financial Health

How is Alfen's financial position?


Financial Position Analysis

Short Term Liabilities: ALFEN's short term assets (€102.2M) exceed its short term liabilities (€52.1M).

Long Term Liabilities: ALFEN's short term assets (€102.2M) exceed its long term liabilities (€15.7M).


Debt to Equity History and Analysis

Debt Level: ALFEN's debt to equity ratio (12.9%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if ALFEN's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: ALFEN's debt is well covered by operating cash flow (123.7%).

Interest Coverage: ALFEN's interest payments on its debt are well covered by EBIT (17.9x coverage).


Balance Sheet


Next Steps

Dividend

What is Alfen current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate ALFEN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ALFEN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ALFEN's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ALFEN's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ALFEN's dividend in 3 years as they are not forecast to pay a notable one for the Dutch market.


Next Steps

Management

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

0.3yrs

Average board tenure


CEO

Marco Roeleveld (58 yo)

no data

Tenure

€320,000

Compensation

Mr. Marco Roeleveld serves as Chief Executive Officer and Chief Operations Officer of Alfen N.V. and has been its Member of the Management Board since November 2015. Mr. Roeleveld joined Alfen B.V. as a Ma...


CEO Compensation Analysis

Compensation vs Market: Marco's total compensation ($USD380.23K) is below average for companies of similar size in the Dutch market ($USD1.83M).

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


Board Members

NamePositionTenureCompensationOwnership
Willem Ackermans
Member of the Supervisory Board0.25yrno datano data
Henk ten Hove
Supervisory Board Chairman2.67yrs€50.00kno data
Eline Oudenbroek
Member of the Supervisory Board0.25yrno datano data

0.3yrs

Average Tenure

65yo

Average Age

Experienced Board: ALFEN's board of directors are not considered experienced ( 0.3 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

Insider Buying: ALFEN insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 8.5%.


Top Shareholders

Company Information

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


Key Information

  • Name: Alfen N.V.
  • Ticker: ALFEN
  • Exchange: ENXTAM
  • Founded: 1937
  • Industry: Heavy Electrical Equipment
  • Sector: Capital Goods
  • Market Cap: €1.456b
  • Shares outstanding: 21.69m
  • Website: https://www.alfen.com

Number of Employees


Location

  • Alfen N.V.
  • Hefbrugweg 28
  • Almere
  • Flevoland
  • 1332 AP
  • Netherlands

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ALFENENXTAM (Euronext Amsterdam)YesOrdinary SharesNLEURMar 2018
703DB (Deutsche Boerse AG)YesOrdinary SharesDEEURMar 2018
ALFENABATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURMar 2018

Biography

Alfen N.V., through its subsidiaries, designs, engineers, develops, produces, and sells products, systems, and services related to the electricity grid. The company offers smart grid solutions, including s...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/24 22:17
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.