ENXTAM:TWEKA

Stock Analysis Report

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Executive Summary

TKH Group N.V. develops and delivers telecom, building, and industrial solutions in Europe, Asia, North America, and internationally. More Details


Snowflake Analysis

Adequate balance sheet average dividend payer.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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

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


Market Performance


7 Day Return

8.4%

TWEKA

1.0%

NL Electrical

1.5%

NL Market


1 Year Return

-17.0%

TWEKA

29.5%

NL Electrical

-0.9%

NL Market

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

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


Shareholder returns

TWEKAIndustryMarket
7 Day8.4%1.0%1.5%
30 Day36.9%9.1%10.9%
90 Day17.3%11.6%8.0%
1 Year-13.0%-17.0%32.7%29.5%1.4%-0.9%
3 Year-22.2%-29.5%49.1%37.4%8.6%-2.3%
5 Year31.2%12.3%92.7%-8.5%37.3%12.5%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

13.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TWEKA (€39.56) is trading below our estimate of fair value (€45.76)

Significantly Below Fair Value: TWEKA is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: TWEKA is good value based on its PE Ratio (28.8x) compared to the XE Electrical industry average (29.7x).

PE vs Market: TWEKA is poor value based on its PE Ratio (28.8x) compared to the Dutch market (24.4x).


Price to Earnings Growth Ratio

PEG Ratio: TWEKA is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: TWEKA is good value based on its PB Ratio (2.5x) compared to the XE Electrical industry average (3x).


Next Steps

Future Growth

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

23.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

Earnings vs Market: TWEKA'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: TWEKA's revenue (3.6% per year) is forecast to grow slower than the Dutch market (9.6% per year).

High Growth Revenue: TWEKA's revenue (3.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TWEKA's Return on Equity is forecast to be low in 3 years time (11.3%).


Next Steps

Past Performance

How has TKH Group performed over the past 5 years?

-3.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TWEKA has high quality earnings.

Growing Profit Margin: TWEKA's current net profit margins (4.1%) are lower than last year (5.8%).


Past Earnings Growth Analysis

Earnings Trend: TWEKA's earnings have declined by 3.7% per year over the past 5 years.

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

Earnings vs Industry: TWEKA had negative earnings growth (-33%) over the past year, making it difficult to compare to the Electrical industry average (-3.9%).


Return on Equity

High ROE: TWEKA's Return on Equity (8.8%) is considered low.


Next Steps

Financial Health

How is TKH Group's financial position?


Financial Position Analysis

Short Term Liabilities: TWEKA's short term assets (€683.5M) exceed its short term liabilities (€420.3M).

Long Term Liabilities: TWEKA's short term assets (€683.5M) exceed its long term liabilities (€541.7M).


Debt to Equity History and Analysis

Debt Level: TWEKA's debt to equity ratio (67.2%) is considered high.

Reducing Debt: TWEKA's debt to equity ratio has increased from 67.2% to 67.2% over the past 5 years.

Debt Coverage: TWEKA's debt is well covered by operating cash flow (37.4%).

Interest Coverage: TWEKA's interest payments on its debt are well covered by EBIT (11.3x coverage).


Balance Sheet


Next Steps

Dividend

What is TKH Group current dividend yield, its reliability and sustainability?

3.79%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TWEKA's dividend (3.79%) is higher than the bottom 25% of dividend payers in the Dutch market (1.93%).

High Dividend: TWEKA's dividend (3.79%) is low compared to the top 25% of dividend payers in the Dutch market (5.02%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (109.2%), TWEKA's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: TWEKA's dividends in 3 years are forecast to be covered by earnings (63.5% payout ratio).


Next Steps

Management

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

12.5yrs

Average management tenure


CEO

J. M. Van Der Lof (62 yo)

19.83yrs

Tenure

€1,324,000

Compensation

Mr. J. M. Alexander van der Lof, M.B.A., serves as the Chairman of the Executive Board and Chief Executive Officer of TKH Group NV and has been its Member of the Executive Board since 1998. Mr. van der Lof...


CEO Compensation Analysis

Compensation vs Market: J. M.'s total compensation ($USD1.57M) is about average for companies of similar size in the Dutch market ($USD1.83M).

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


Leadership Team

NamePositionTenureCompensationOwnership
J. M. Van Der Lof
Chairman of the Executive Board & CEO19.83yrs€1.32m0.32%
€ 5.3m
Elling D. de Lange
CFO, Head of Personnel & Organization and Member of Executive Board12.5yrs€912.00k0.23%
€ 3.8m
Harm Voortman
Member of Executive Board2.5yrs€828.00k0.059%
€ 975.0k
Renate Dieperink-Gielink
Compliance Officerno datano datano data
Gertjan Sleeking
Head of Financial Affairs & Member of Management Boardno datano datano data
Erik Velderman
Director of Corporate Development & Member of Management Boardno datano datano data
Maarten Fonkert
Head of Legal Affairsno datano datano data
Henk Möhle
Managing Director of Intronics Barneveld B Vno datano datano data
Zainal Bin Abas
Managing Director of Isolectra Malaysia Sdn Bhdno datano datano data

12.5yrs

Average Tenure

54.5yo

Average Age

Experienced Management: TWEKA's management team is seasoned and experienced (12.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Rokus Van Iperen
Independent Member of Supervisory Board8.92yrs€53.00kno data
Philip P. F. Houben
Independent Member of Supervisory Board11.58yrs€55.00kno data
Antoon. J. De Proft
Independent Chairman of Supervisory Board3.83yrs€68.00k0.0048%
€ 79.1k
Jacob Kroon
Independent Vice Chairman of Supervisory Board2.83yrs€57.00kno data
Carin Gorter
Independent Member of Supervisory Board3.5yrs€52.00kno data
M. Schoningh
Member of Supervisory Board0.50yrno datano data

3.7yrs

Average Tenure

61.5yo

Average Age

Experienced Board: TWEKA's board of directors are considered experienced (3.7 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

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


Key Information

  • Name: TKH Group N.V.
  • Ticker: TWEKA
  • Exchange: ENXTAM
  • Founded: 1980
  • Industry: Electrical Components and Equipment
  • Sector: Capital Goods
  • Market Cap: €1.648b
  • Shares outstanding: 41.67m
  • Website: https://www.tkhgroup.com

Number of Employees


Location

  • TKH Group N.V.
  • Spinnerstraat 15
  • PO Box 5
  • Haaksbergen
  • Overijssel
  • 7480 AA
  • Netherlands

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TWEKAENXTAM (Euronext Amsterdam)YesOrdinary SharesNLEURJun 1995
TWSADB (Deutsche Boerse AG)YesOrdinary SharesDEEURJun 1995
0NO1LSE (London Stock Exchange)YesOrdinary SharesGBEURJun 1995
TWEKAABATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJun 1995

Biography

TKH Group N.V. develops and delivers telecom, building, and industrial solutions in Europe, Asia, North America, and internationally. The company’s Telecom Solutions segment develops, produces, and supplie...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/24 20:55
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.