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TWEK

TKH GroupENXTAM:TWEKA Stock Report

Market Cap

€2.0b

7D

-2.9%

1Y

74.1%

Updated

26 Oct, 2021

Data

Company Financials +
TWEKA fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance3/6
Financial Health4/6
Dividends4/6

TWEKA Overview

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

TKH Group Competitors

Prysmian

BIT:PRY

€8.6b

Basler

XTRA:BSL

€1.6b

Price History & Performance

Summary of all time highs, changes and price drops for TKH Group
Historical stock prices
Current Share Price€48.82
52 Week High€26.44
52 Week Low€54.35
Beta2.09
1 Month Change-2.85%
3 Month Change12.54%
1 Year Change74.11%
3 Year Change9.46%
5 Year Change42.02%
Change since IPO664.58%

Recent News & Updates

Sep 21
TKH Group's (AMS:TWEKA) Returns On Capital Not Reflecting Well On The Business

TKH Group's (AMS:TWEKA) Returns On Capital Not Reflecting Well On The Business

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Ideally, a...

Sep 05
These 4 Measures Indicate That TKH Group (AMS:TWEKA) Is Using Debt Reasonably Well

These 4 Measures Indicate That TKH Group (AMS:TWEKA) Is Using Debt Reasonably Well

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Shareholder Returns

TWEKANL ElectricalNL Market
7D-2.9%0.6%1.9%
1Y74.1%29.5%42.0%

Return vs Industry: TWEKA exceeded the Dutch Electrical industry which returned 29.5% over the past year.

Return vs Market: TWEKA exceeded the Dutch Market which returned 42% over the past year.

Price Volatility

Is TWEKA's price volatile compared to industry and market?
TWEKA volatility
TWEKA Beta2.09
Industry Beta1
Market Beta1

Stable Share Price: TWEKA is not significantly more volatile than the rest of Dutch stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: TWEKA's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19805,647J. M. Van Der Lofhttps://www.tkhgroup.com

TKH Group N.V. develops and delivers telecom, building, and industrial solutions in the Netherlands, Europe, Asia, North America, and internationally. The company’s Telecom Solutions segment develops, produces, and supplies products and systems for basic outdoor infrastructure and indoor home networking applications. It provides optical fiber and copper cable systems for telecom networks, as well as components and systems in the field of connectivity and peripherals for site management control systems, smart access technology, and semi-automated optical distribution frame technology.

TKH Group Fundamentals Summary

How do TKH Group's earnings and revenue compare to its market cap?
TWEKA fundamental statistics
Market Cap€2.00b
Earnings (TTM)€61.15m
Revenue (TTM)€1.34b

32.8x

P/E Ratio

1.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TWEKA income statement (TTM)
Revenue€1.34b
Cost of Revenue€681.73m
Gross Profit€654.53m
Expenses€593.37m
Earnings€61.15m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Nov 16, 2021

Earnings per share (EPS)1.49
Gross Margin48.98%
Net Profit Margin4.58%
Debt/Equity Ratio66.7%

How did TWEKA perform over the long term?

See historical performance and comparison

Dividends

2.0%

Current Dividend Yield

68%

Payout Ratio

Valuation

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

38.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TWEKA (€48.82) is trading below our estimate of fair value (€79.5)

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


Price To Earnings Ratio

PE vs Industry: TWEKA is poor value based on its PE Ratio (32.8x) compared to the European Electrical industry average (26.4x).

PE vs Market: TWEKA is poor value based on its PE Ratio (32.8x) compared to the Dutch market (21.8x).


Price to Earnings Growth Ratio

PEG Ratio: TWEKA is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: TWEKA's PB Ratio (3.1x) is in line with the XE Electrical industry average.


Future Growth

How is TKH Group forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

27.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TWEKA's forecast earnings growth (27% per year) is above the savings rate (0.09%).

Earnings vs Market: TWEKA's earnings (27% per year) are forecast to grow faster than the Dutch market (10.4% per year).

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

Revenue vs Market: TWEKA's revenue (7.7% per year) is forecast to grow slower than the Dutch market (9.1% per year).

High Growth Revenue: TWEKA's revenue (7.7% 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 (16.3%).


Past Performance

How has TKH Group performed over the past 5 years?

-9.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TWEKA has high quality earnings.

Growing Profit Margin: TWEKA's current net profit margins (4.6%) are higher than last year (4.1%).


Past Earnings Growth Analysis

Earnings Trend: TWEKA's earnings have declined by 9.9% per year over the past 5 years.

Accelerating Growth: TWEKA's earnings growth over the past year (5.9%) exceeds its 5-year average (-9.9% per year).

Earnings vs Industry: TWEKA earnings growth over the past year (5.9%) underperformed the Electrical industry 58.9%.


Return on Equity

High ROE: TWEKA's Return on Equity (9.4%) is considered low.


Financial Health

How is TKH Group's financial position?


Financial Position Analysis

Short Term Liabilities: TWEKA's short term assets (€760.2M) exceed its short term liabilities (€514.6M).

Long Term Liabilities: TWEKA's short term assets (€760.2M) exceed its long term liabilities (€446.6M).


Debt to Equity History and Analysis

Debt Level: TWEKA's debt to equity ratio (66.7%) is considered high.

Reducing Debt: TWEKA's debt to equity ratio has increased from 56.4% to 66.7% over the past 5 years.

Debt Coverage: TWEKA's debt is well covered by operating cash flow (55.3%).

Interest Coverage: TWEKA's interest payments on its debt are well covered by EBIT (12.2x coverage).


Balance Sheet


Dividend

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

2.05%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TWEKA's dividend (2.05%) is higher than the bottom 25% of dividend payers in the Dutch market (1.43%).

High Dividend: TWEKA's dividend (2.05%) is low compared to the top 25% of dividend payers in the Dutch market (4.73%).


Stability and Growth of Payments

Stable Dividend: TWEKA's dividend payments have been volatile 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 reasonable payout ratio (67.7%), TWEKA's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: TWEKA's dividends in 3 years are forecast to be covered by earnings (56.5% payout ratio).


Next Steps

Management

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

13.4yrs

Average management tenure


CEO

J. M. Van Der Lof (63 yo)

20.75yrs

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 since 2001 and has been its Member of the Executive Board since 1998. Mr....


CEO Compensation Analysis

Compensation vs Market: Insufficient data to establish whether J. M.'s total compensation is reasonable compared to companies of similar size in the Dutch market.

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


Leadership Team

Experienced Management: TWEKA's management team is seasoned and experienced (13.4 years average tenure).


Board Members

Experienced Board: TWEKA's board of directors are considered experienced (4.4 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: TWEKA insiders have only sold shares 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 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: €2.004b
  • Shares outstanding: 41.04m
  • Website: https://www.tkhgroup.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 21:15
End of Day Share Price2021/10/26 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.