ENXTAM:PORF

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B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653

Executive Summary

B.V. Delftsch Aardewerkfabriek 'De Porceleyne Fles Anno 1653' manufactures and sells Delft Blue ornamental and modern earthenware in the Netherlands.


Snowflake Analysis

Fair value with acceptable track record.

Share Price & News

How has B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PORF has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.2%

PORF

3.3%

NL Consumer Durables

2.1%

NL Market


1 Year Return

-21.2%

PORF

-7.9%

NL Consumer Durables

-11.4%

NL Market

Return vs Industry: PORF underperformed the Dutch Consumer Durables industry which returned -7.8% over the past year.

Return vs Market: PORF underperformed the Dutch Market which returned -10.8% over the past year.


Shareholder returns

PORFIndustryMarket
7 Day-1.2%3.3%2.1%
30 Day-2.9%-3.3%1.3%
90 Day-4.6%12.3%12.5%
1 Year-21.2%-21.2%-4.5%-7.9%-8.6%-11.4%
3 Year-3.9%-8.2%-5.5%-18.4%8.0%-3.1%
5 Year-8.0%-12.1%23.9%-1.6%25.0%1.6%

Price Volatility Vs. Market

How volatile is B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653 undervalued compared to its fair value and its price relative to the market?

10.36x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: PORF (€8.35) is trading above our estimate of fair value (€4.78)

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


Price To Earnings Ratio

PE vs Industry: PORF is good value based on its PE Ratio (10.4x) compared to the Consumer Durables industry average (12.1x).

PE vs Market: PORF is good value based on its PE Ratio (10.4x) compared to the Dutch market (16.6x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PORF's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PORF is good value based on its PB Ratio (0.5x) compared to the XE Consumer Durables industry average (1.3x).


Next Steps

Future Growth

How is B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653 forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

11.0%

Forecasted Consumer Durables industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653 has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653 performed over the past 5 years?

3.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PORF has high quality earnings.

Growing Profit Margin: PORF became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: PORF's earnings have grown by 3.4% per year over the past 5 years.

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

Earnings vs Industry: PORF has become profitable in the last year, making it difficult to compare its past year earnings growth to the Consumer Durables industry (-1.5%).


Return on Equity

High ROE: PORF's Return on Equity (4.9%) is considered low.


Next Steps

Financial Health

How is B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653's financial position?


Financial Position Analysis

Short Term Liabilities: PORF's short term assets (€5.6M) exceed its short term liabilities (€2.8M).

Long Term Liabilities: PORF's short term assets (€5.6M) do not cover its long term liabilities (€12.3M).


Debt to Equity History and Analysis

Debt Level: PORF's debt to equity ratio (75.3%) is considered high.

Reducing Debt: PORF's debt to equity ratio has increased from 64.6% to 75.3% over the past 5 years.

Debt Coverage: PORF's debt is not well covered by operating cash flow (0.5%).

Interest Coverage: PORF's interest payments on its debt are well covered by EBIT (6x coverage).


Balance Sheet


Next Steps

Dividend

What is B.V. Delftsch Aardewerkfabriek De Porceleyne Fles Anno 1653 current dividend yield, its reliability and sustainability?

6.59%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PORF's dividend (6.59%) is higher than the bottom 25% of dividend payers in the Dutch market (2.21%).

High Dividend: PORF's dividend (6.59%) is in the top 25% of dividend payers in the Dutch market (6.33%)


Stability and Growth of Payments

Stable Dividend: Too early to tell whether PORF's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if PORF's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (68.3%), PORF's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

12.2yrs

Average board tenure


CEO

Henk Schouten (62yo)

11.08yrs

Tenure

€205,000

Compensation

Mr. Henk Schouten has been the Chief Executive Officer at The Koninklijke Delftsche Aardewerkfabriek De Porceleyne Fles Anno 1653 NV. since June 01, 2009 and served as its Managing Director and Director. 


CEO Compensation Analysis

Compensation vs Market: Henk's total compensation ($USD232.01K) is below average for companies of similar size in the Dutch market ($USD528.10K).

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


Board Members

NamePositionTenureCompensationOwnership
J. Fentener van Vlissingen
Member of Supervisory Board15.17yrs€5.00kno data
Marc Udink
Chairman of Supervisory Board17.17yrs€6.00kno data
Carel Bikkers
Member of Supervisory Board9.17yrs€5.00k3.25% 259.6k
H. Kranenberg
Member of Supervisory Board4.17yrs€5.00kno data

12.2yrs

Average Tenure

70.5yo

Average Age

Experienced Board: PORF's board of directors are seasoned and experienced ( 12.2 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: PORF insiders have bought more shares than they have sold 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 20%.


Top Shareholders

Company Information

B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653"'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653"
  • Ticker: PORF
  • Exchange: ENXTAM
  • Founded: 1653
  • Industry: Housewares and Specialties
  • Sector: Consumer Durables
  • Market Cap: €7.979m
  • Shares outstanding: 955.58k
  • Website: https://www.royaldelftgroup.com

Number of Employees


Location

  • B.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653"
  • Rotterdamseweg 196
  • Delft
  • Zuid-Holland
  • 2628 AR
  • Netherlands

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PORFENXTAM (Euronext Amsterdam)YesCommon SharesNLEURJul 1993
0FOOLSE (London Stock Exchange)YesCommon SharesGBEURJul 1993
PORFABATS-CHIXE (BATS 'Chi-X Europe')YesCommon SharesGBEURJul 1993

Biography

B.V. Delftsch Aardewerkfabriek 'De Porceleyne Fles Anno 1653' manufactures and sells Delft Blue ornamental and modern earthenware in the Netherlands. The company also offers a range of crystal functional and decorative products under the Royal Leerdam Crystal brand; and cookware under the BK brand. In addition, it provides cutlery, pans, and kitchen accessories under the Gero brand; and crystal wine glasses, and steel and sliver cutlery set under the Keltum brand. The company was founded in 1653 and is based in Delft, the Netherlands. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/08 21:03
End of Day Share Price2020/07/03 00:00
Earnings2019/12/31
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.