ENXTAM:SIFG

Stock Analysis Report

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Executive Summary

Sif Holding N.V. manufactures and sells steel tubulars for the offshore wind, and oil and gas markets in the Netherlands and internationally. More Details

Rewards

Earnings are forecast to grow 75.09% per year

Became profitable this year

Risk Analysis

No risks detected for SIFG from our risk checks.


Snowflake Analysis

High growth potential with excellent balance sheet.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: SIFG is not significantly more volatile than the rest of Dutch stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: SIFG's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

5.1%

SIFG

1.0%

NL Electrical

1.5%

NL Market


1 Year Return

36.6%

SIFG

29.5%

NL Electrical

-0.9%

NL Market

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

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


Shareholder returns

SIFGIndustryMarket
7 Day5.1%1.0%1.5%
30 Day2.2%9.1%10.9%
90 Day23.6%11.6%8.0%
1 Year36.6%36.6%32.7%29.5%1.4%-0.9%
3 Year-0.4%-2.9%49.1%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 Sif Holding's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

125.68x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SIFG (€16.12) is trading above our estimate of fair value (€13.88)

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


Price To Earnings Ratio

PE vs Industry: SIFG is poor value based on its PE Ratio (125.7x) compared to the XE Electrical industry average (29.7x).

PE vs Market: SIFG is poor value based on its PE Ratio (125.7x) compared to the Dutch market (24.4x).


Price to Earnings Growth Ratio

PEG Ratio: SIFG is poor value based on its PEG Ratio (1.7x)


Price to Book Ratio

PB vs Industry: SIFG is overvalued based on its PB Ratio (4.7x) compared to the XE Electrical industry average (3x).


Next Steps

Future Growth

How is Sif Holding forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

75.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SIFG's forecast earnings growth (75.1% per year) is above the savings rate (0.4%).

Earnings vs Market: SIFG's earnings (75.1% 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: SIFG's revenue (14.5% per year) is forecast to grow faster than the Dutch market (9.6% per year).

High Growth Revenue: SIFG's revenue (14.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SIFG's Return on Equity is forecast to be high in 3 years time (27.4%)


Next Steps

  • Explore growth companies in the Capital Goods industry.

Past Performance

How has Sif Holding performed over the past 5 years?

-48.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SIFG has high quality earnings.

Growing Profit Margin: SIFG became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: SIFG's earnings have declined by 48.3% per year over the past 5 years.

Accelerating Growth: SIFG has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: SIFG has become profitable in the last year, making it difficult to compare its past year earnings growth to the Electrical industry (-3.9%).


Return on Equity

High ROE: SIFG's Return on Equity (4.2%) is considered low.


Next Steps

Financial Health

How is Sif Holding's financial position?


Financial Position Analysis

Short Term Liabilities: SIFG's short term assets (€75.0M) do not cover its short term liabilities (€107.3M).

Long Term Liabilities: SIFG's short term assets (€75.0M) exceed its long term liabilities (€53.1M).


Debt to Equity History and Analysis

Debt Level: SIFG is debt free.

Reducing Debt: SIFG has no debt compared to 5 years ago when its debt to equity ratio was 71.6%.

Debt Coverage: SIFG has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: SIFG has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Sif Holding current dividend yield, its reliability and sustainability?

1.29%

Forecast Dividend Yield


Dividend Yield vs Market

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

High Dividend: Unable to evaluate SIFG'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 SIFG's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: SIFG is not paying a notable dividend for the Dutch market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SIFG'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?

3.0yrs

Average management tenure


CEO

Fred van Beers (58 yo)

2.17yrs

Tenure

€629,091

Compensation

Mr. G.G.P.M. van Beers, also known as Fred, has been Chief Executive Officer of Sif Holding N.V. since September 1, 2018 and serves as its Member of the Executive Board. Mr. van Beers holds a degree in M...


CEO Compensation Analysis

Compensation vs Market: Fred's total compensation ($USD747.49K) is about average for companies of similar size in the Dutch market ($USD960.84K).

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


Leadership Team

NamePositionTenureCompensationOwnership
G.G.P.M. van Beers
CEO & Member of the Executive Board2.17yrs€629.09k0.065%
€ 266.0k
Leon Verweij
CFO & Member of Management Board3.83yrs€456.88kno data
Frank Kevenaar
Chief Operating Officer1.58yrsno datano data
Fons van Lith
Head of Investor Relations & Corporate Affairsno datano datano data
Michel Kurstjens
Chief Commercial Officer7.58yrs€251.58kno data

3.0yrs

Average Tenure

59yo

Average Age

Experienced Management: SIFG's management team is considered experienced (3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Peter Visser
Member of the Supervisory Board3yrs€45.00kno data
Peter Gerretse
Member of Supervisory Board4.75yrs€45.00kno data
André Goedée
Chairman of the Supervisory Boardno data€70.00kno data
Peter Wit
Member of Supervisory Board2.5yrs€45.00kno data
Caroline A. van den Bosch
Member of Supervisory Board4.75yrs€45.00kno data

3.9yrs

Average Tenure

64yo

Average Age

Experienced Board: SIFG's board of directors are considered experienced (3.9 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.


Ownership Breakdown

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


Top Shareholders

Company Information

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


Key Information

  • Name: Sif Holding N.V.
  • Ticker: SIFG
  • Exchange: ENXTAM
  • Founded: 1948
  • Industry: Heavy Electrical Equipment
  • Sector: Capital Goods
  • Market Cap: €411.082m
  • Shares outstanding: 25.50m
  • Website: https://sif-group.com

Number of Employees


Location

  • Sif Holding N.V.
  • Mijnheerkensweg 33
  • Roermond
  • Limburg
  • 6040 AM
  • Netherlands

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SIFGENXTAM (Euronext Amsterdam)YesOrdinary SharesNLEURMay 2016
276DB (Deutsche Boerse AG)YesOrdinary SharesDEEURMay 2016
0RHTLSE (London Stock Exchange)YesOrdinary SharesGBEURMay 2016
SIFGABATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURMay 2016

Biography

Sif Holding N.V. manufactures and sells steel tubulars for the offshore wind, and oil and gas markets in the Netherlands and internationally. The company operates through three segments: Wind, Oil and Gas,...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/24 20:45
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.