SnowWorld

ENXTAM:SNOW

Snowflake Description

Slightly overvalued with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.

SNOW

ENXTAM

€45M

Market Cap

Add to portfolio

Last updated 2019/06/23 21:50

Company description

SnowWorld N.V., together with its subsidiaries, owns and operates indoor ski resorts in the Netherlands. The last earnings update was 158 days ago. More info.

Find similar companies

Add to Portfolio Compare Print

SNOW Share Price and Events

7 Day Returns

-1.6%

ENXTAM:SNOW

-3.3%

Europe Hospitality

1.5%

NL Market

1 Year Returns

30.5%

ENXTAM:SNOW

-11.5%

Europe Hospitality

0.3%

NL Market

SNOW Shareholder Return

	7 Day	30 Day	90 Day	1 Year	3 Year	5 Year
SnowWorld (SNOW)	-1.6%	0%	18.5%	30.5%	67.5%	58.1%
Europe Hospitality	-3.3%	0.1%	-0.8%	-11.5%	6.3%	18.3%
NL Market	1.5%	2.8%	3.1%	0.3%	30.9%	26.3%

1 Year Return vs Industry and Market

SNOW outperformed the Hospitality industry which returned -11.5% over the past year.
SNOW outperformed the Market in Netherlands which returned 0.3% over the past year.

Price Volatility

SNOW

Industry

5yr Volatility vs Market

Related Companies

Basic-Fit

ENXTAM:BFIT

Add Compare

Value

Is SnowWorld undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS

Here we compare the current share price of SnowWorld to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.

Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for SnowWorld.

ENXTAM:SNOW Discounted Cash Flow Data Sources
Data Point	Source	Value
Valuation Model		2 Stage Free Cash Flow to Equity
Levered Free Cash Flow	Extrapolated from most recent financials.	See below
Discount Rate (Cost of Equity)	See below	8%
Perpetual Growth Rate	10-Year NL Government Bond Rate	0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ENXTAM:SNOW
Data Point	Calculation/ Source	Result
Risk-Free Rate	10-Year NL Govt Bond Rate	0.4%
Equity Risk Premium	S&P Global	6%
Hospitality Unlevered Beta	Simply Wall St/ S&P Global	0.92
Re-levered Beta	= Unlevered beta (1 + (1- tax rate) (Debt/Equity)) = 0.924 (1 + (1- 25%) (70.55%))	1.277
Levered Beta	Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm)	1.28
Discount Rate/ Cost of Equity	= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium) = 0.37% + (1.277 * 5.96%)	7.98%

Discounted Cash Flow Calculation for ENXTAM:SNOW using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for SnowWorld is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ENXTAM:SNOW DCF 1st Stage: Next 10 year cash flow forecast
	Levered FCF (EUR, Millions)	Source	Present Value Discounted (@ 7.98%)
2019	0.01	Est @ -81.98%	0.01
2020	0.00	Est @ -57.28%	0.00
2021	0.00	Est @ -39.98%	0.00
2022	0.00	Est @ -27.88%	0.00
2023	0.00	Est @ -19.4%	0.00
2024	0.00	Est @ -13.47%	0.00
2025	0.00	Est @ -9.32%	0.00
2026	0.00	Est @ -6.41%	0.00
2027	0.00	Est @ -4.38%	0.00
2028	0.00	Est @ -2.95%	0.00
Present value of next 10 years cash flows			€0.02

ENXTAM:SNOW DCF 2nd Stage: Terminal Value
	Calculation	Result
Terminal Value	= FCF₂₀₂₈ × (1 + g) ÷ (Discount Rate – g) = €0.00 × (1 + 0.37%) ÷ (7.98% – 0.37%)	€0.01
Present Value of Terminal Value	= Terminal Value ÷ (1 + r)¹⁰ = €0.01 ÷ (1 + 7.98%)¹⁰	€0.01

ENXTAM:SNOW Total Equity Value
	Calculation	Result
Total Equity Value	= Present value of next 10 years cash flows + Terminal Value = €0.02 + €0.01	€0.03
Equity Value per Share (EUR)	= Total value / Shares Outstanding = €0.03 / 3.61	€0.01

ENXTAM:SNOW Discount to Share Price
	Calculation	Result
Value per share (EUR)	From above.	€0.01
Current discount	Discount to share price of €12.50 = -1 x (€12.50 - €0.01) / €0.01	-179351.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

The current share price of SnowWorld is above its future cash flow value.

Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.

PRICE RELATIVE TO MARKET

We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for SnowWorld's earnings, growth and assets is considered below, and whether this is a fair price.

Price based on past earnings

Are SnowWorld's earnings available for a low price, and how does this compare to other companies in the same industry?

Raw Data

ENXTAM:SNOW PE (Price to Earnings) Ratio Data Sources
Data Point	Source	Value
Earnings Per Share *	Company Filings (2018-09-30) in EUR	€0.73
ENXTAM:SNOW Share Price **	ENXTAM (2019-06-21) in EUR	€12.5
Europe Hospitality Industry PE Ratio	Median Figure of 108 Publicly-Listed Hospitality Companies	19.37x
Netherlands Market PE Ratio	Median Figure of 82 Publicly-Listed Companies	17.23x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of SnowWorld.

ENXTAM:SNOW PE (Price to Earnings) Ratio Calculation
	Calculation	Outcome
PE Ratio	= ENXTAM:SNOW Share Price ÷ EPS (both in EUR) = 12.5 ÷ 0.73	17.21x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

SnowWorld is good value based on earnings compared to the Europe Hospitality industry average.
SnowWorld is good value based on earnings compared to the Netherlands market.

Price based on expected Growth

Does SnowWorld's expected growth come at a high price?

Raw Data

ENXTAM:SNOW PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point	Source	Value
PE Ratio	See PE Ratio Section	17.21x
Net Income Annual Growth Rate	See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts	5.5%per year
Europe Hospitality Industry PEG Ratio	Median Figure of 72 Publicly-Listed Hospitality Companies	1.48x
Netherlands Market PEG Ratio	Median Figure of 66 Publicly-Listed Companies	1.44x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

Unable to calculate PEG ratio for SnowWorld, we can't assess if its growth is good value.

Price based on value of assets

What value do investors place on SnowWorld's assets?

Raw Data

ENXTAM:SNOW PB (Price to Book) Ratio Data Sources
Data Point	Source	Value
Book Value per Share	Company Filings (2018-09-30) in EUR	€6.51
ENXTAM:SNOW Share Price *	ENXTAM (2019-06-21) in EUR	€12.5
Europe Hospitality Industry PB Ratio	Median Figure of 155 Publicly-Listed Hospitality Companies	1.54x
Netherlands Market PB Ratio	Median Figure of 104 Publicly-Listed Companies	1.91x

ENXTAM:SNOW PB (Price to Book) Ratio Calculation
	Calculation	Outcome
PB Ratio	= ENXTAM:SNOW Share Price ÷ Book Value per Share (both in EUR) = 12.5 ÷ 6.51	1.92x

* Primary Listing of SnowWorld.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

SnowWorld is overvalued based on assets compared to the Europe Hospitality industry average.

Value checks

We assess SnowWorld's value by looking at:

Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
Is the PE ratio less than the market average, and/ or less than the Hospitality industry average (and greater than 0)? (2 checks)
Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
Is the PB ratio less than the Hospitality industry average (and greater than 0)? (1 check)

Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

How is SnowWorld expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

No analysts cover SnowWorld, future earnings growth has been estimated based on fundamentals.

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!

5.5%

Expected annual growth in earnings.

Earnings growth vs Low Risk Savings

Is SnowWorld expected to grow at an attractive rate?

SnowWorld's earnings growth is expected to exceed the low risk savings rate of 0.4%.

Growth vs Market Checks

SnowWorld's earnings growth is positive but not above the Netherlands market average.
Unable to compare SnowWorld's revenue growth to the Netherlands market average as no estimate data is available.

Annual Growth Rates Comparison

Raw Data

ENXTAM:SNOW Future Growth Rates Data Sources
Data Point	Source	Value (per year)
ENXTAM:SNOW Future Earnings Growth Rate	Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts	5.5%
Europe Hospitality Industry Earnings Growth Rate	Market Cap Weighted Average	16%
Europe Hospitality Industry Revenue Growth Rate	Market Cap Weighted Average	6.4%
Netherlands Market Earnings Growth Rate	Market Cap Weighted Average	9%
Netherlands Market Revenue Growth Rate	Market Cap Weighted Average	3.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations

Raw Data

ENXTAM:SNOW Analysts Growth Expectations Data Sources
Data Point	Source	Value
Past Financials	Company Filings (8 months ago)	See Below
Future Estimates	Average of up to 0 Analyst Estimates (S&P Global)	See Below

All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.

ENXTAM:SNOW Future Estimates Data
Date (Data in EUR Millions)	Revenue	Cash Flow	Net Income *	Avg. No. Analysts

ENXTAM:SNOW Past Financials Data
Date (Data in EUR Millions)	Revenue	Cash Flow	Net Income *
2018-09-30	26	6	2
2018-06-30	26	6	2
2018-03-31	26	6	2
2017-12-31	27	6	2
2017-09-30	27	7	2
2017-06-30	27	6	2
2017-03-31	26	6	3
2016-12-31	26	7	2
2016-09-30	26	7	2
2016-06-30	26	7	3
2016-03-31	26	7	3
2015-12-31	26	6	3

*GAAP earnings excluding extraordinary items.

High Growth Checks

SnowWorld's earnings are expected to grow by 5.5% yearly, however this is not considered high growth (20% yearly).
Unable to determine if SnowWorld is high growth as no revenue estimate data is available.

Past and Future Earnings per Share

The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.

Raw Data

ENXTAM:SNOW Past and Future Earnings per Share
Data Point	Source	Value
Past Financials	Company Filings (8 months ago)	See Below
Future Estimates	Average of up to 0 Analyst Estimates (S&P Global)	See Below

All data from SnowWorld Company Filings, last reported 8 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTAM:SNOW Future Estimates Data
Date (Data in EUR Millions)	EPS *	EPS High Estimate	EPS Low Estimate	Avg. No. Analysts

ENXTAM:SNOW Past Financials Data
Date (Data in EUR Millions)	EPS *
2018-09-30	0.73
2018-06-30	0.63
2018-03-31	0.54
2017-12-31	0.65
2017-09-30	0.76
2017-06-30	0.79
2017-03-31	0.82
2016-12-31	0.80
2016-09-30	0.79
2016-06-30	0.87
2016-03-31	0.94
2015-12-31	0.86

*GAAP earnings excluding extraordinary items.

Performance in 3 years

In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.

Unable to establish if SnowWorld will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Future performance checks

We assess SnowWorld's future performance by looking at:

Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
Is the annual earnings growth rate expected to be above 20%? (1 check)
Is the annual revenue growth rate expected to be above 20%? (1 check)
Is the Return on Equity in 3 years expected to be over 20%? (1 check)

Some of the above checks will fail if the company is expected to be loss making in the relevant year.
SnowWorld has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

How has SnowWorld performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.

Past earnings growth

Below we compare SnowWorld's growth in the last year to its industry (Hospitality).

Past Earnings growth analysis

We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.

SnowWorld's year on year earnings growth rate has been positive over the past 5 years.
SnowWorld's 1-year earnings growth is less than its 5-year average (3.4% vs 16%)
SnowWorld's earnings growth has not exceeded the Europe Hospitality industry average in the past year (3.4% vs 4.7%).

Earnings and Revenue History

SnowWorld's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.

Raw Data

All data from SnowWorld Company Filings, last reported 8 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTAM:SNOW Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions)	Revenue	Net Income *	G+A Expenses
2018-09-30	26.10	2.45	8.20
2018-06-30	26.09	2.06	8.08
2018-03-31	26.07	1.68	11.61
2017-12-31	26.68	2.02	11.68
2017-09-30	27.28	2.37	8.10
2017-06-30	26.73	2.46	9.94
2017-03-31	26.18	2.56	11.78
2016-12-31	25.85	2.49	11.72
2016-09-30	25.52	2.43	11.66
2016-06-30	25.82	2.62	11.76
2016-03-31	26.13	2.81	11.87
2015-12-31	25.76	2.57	11.79
2015-09-30	25.40	2.33	11.71
2015-06-30	25.34	2.11	11.73
2015-03-31	25.28	1.89	11.76
2014-12-31	25.52	1.14	11.82
2014-09-30	25.76	0.39	11.89
2014-06-30	25.60	0.45	11.82
2014-03-31	25.44	0.52	11.75
2013-12-31	25.41	1.12	11.75
2013-09-30	25.38	1.71	11.75
2012-09-30	25.94	1.08	8.63

*GAAP earnings excluding extraordinary items.

Performance last year

We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.

SnowWorld has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
SnowWorld used its assets more efficiently than the Europe Hospitality industry average last year based on Return on Assets.
SnowWorld's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).

Past performance checks

We assess SnowWorld's performance over the past 5 years by checking for:

Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the Hospitality industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)

The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
SnowWorld has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

How is SnowWorld's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up SnowWorld's finances.

The net worth of a company is the difference between its assets and liabilities.

Net Worth

SnowWorld's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
SnowWorld's long term commitments exceed its cash and other short term assets.

Balance sheet

This treemap shows a more detailed breakdown of SnowWorld's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.

Assets

Liabilities and shares

The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.

High level of physical assets or inventory.
Debt is not covered by short term assets, assets are 0.1x debt.

Historical Debt

Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.

Raw Data

All data from SnowWorld Company Filings, last reported 8 months ago.

ENXTAM:SNOW Past Debt and Equity Data
Date (Data in EUR Millions)	Total Equity	Total Debt	Cash & Short Term Investments
2018-09-30	23.48	31.80	0.91
2018-06-30	23.48	31.80	0.91
2018-03-31	20.65	34.81	0.47
2017-12-31	20.65	34.81	0.47
2017-09-30	16.29	40.08	0.31
2017-06-30	16.29	40.08	0.31
2017-03-31	18.44	39.53	1.04
2016-12-31	18.44	39.53	1.04
2016-09-30	13.19	43.56	0.23
2016-06-30	13.19	43.56	0.23
2016-03-31	15.15	38.34	3.82
2015-12-31	15.15	38.34	3.82
2015-09-30	10.44	40.81	1.51
2015-06-30	10.44	40.81	1.51
2015-03-31	11.85	37.71	0.35
2014-12-31	11.85	37.71	0.35
2014-09-30	7.50	43.78	0.40
2014-06-30	7.50	43.78	0.40
2014-03-31	9.96	41.61	0.63
2013-12-31	9.96	41.61	0.63
2013-09-30	3.91	49.30	0.33
2012-09-30	6.96	50.08	0.43

SnowWorld's level of debt (135.4%) compared to net worth is high (greater than 40%).
The level of debt compared to net worth has been reduced over the past 5 years (1236.9% vs 135.4% today).
Debt is not well covered by operating cash flow (19%, less than 20% of total debt).
Interest payments on debt are not well covered by earnings (EBIT is 3x annual interest expense, ideally 3x coverage).

Financial health checks

We assess SnowWorld's financial health by checking for:

Are short term assets greater than short term liabilities? (1 check)
Are short term assets greater than long term liabilities? (1 check)
Has the debt to equity ratio increased in the past 5 years? (1 check)
Is the debt to equity ratio over 40%? (1 check)
Is the debt covered by operating cash flow? (1 check)
Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)

For companies that are loss making and have been so on average in the past we replace the last 2 checks with:

Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)

Full details on the Health part of the Simply Wall St company analysis model.

Dividends

What is SnowWorld's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.

Annual Dividend Income

Current annual income from SnowWorld dividends.

If you bought €2,000 of SnowWorld shares you are expected to receive €0 in your first year as a dividend.

Dividend Amount

Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?

Unable to evaluate SnowWorld's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
Unable to evaluate SnowWorld's dividend against the top 25% market benchmark as the company has not reported any payouts.

Annualized Historical and Future Dividends

It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.

Raw Data

ENXTAM:SNOW Annualized Past and Future Dividends
Data Point	Source	Value
Past Annualized Dividend Yield	S&P Global Market Data	See Below
Past Dividends per Share	Company Filings/ Annualized Dividend Payments	See Below
Future Dividends per Share Estimates	Average of up to 0 Analyst Estimates (S&P Global)	See Below
Europe Hospitality Industry Average Dividend Yield	Market Cap Weighted Average of 84 Stocks	3.4%
Netherlands Market Average Dividend Yield	Market Cap Weighted Average of 69 Stocks	3.9%
Netherlands Minimum Threshold Dividend Yield	10th Percentile	1.6%
Netherlands Bottom 25% Dividend Yield	25th Percentile	2.3%
Netherlands Top 25% Dividend Yield	75th Percentile	5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ENXTAM:SNOW Future Dividends Estimate Data
Date (Data in €)	Dividend per Share (annual)	Avg. No. Analysts

ENXTAM:SNOW Past Annualized Dividends Data
Date (Data in €)	Dividend per share (annual)	Avg. Yield (%)
2018-05-02	0.000	0.000
2018-01-02	0.000	0.000
2017-01-19	0.300	3.147
2016-01-13	0.180	2.444

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

Unable to perform a dividend volatility check as SnowWorld has not reported any payouts.
Unable to verify if SnowWorld's dividend has been increasing as the company has not reported any payouts.

Current Payout to shareholders

What portion of SnowWorld's earnings are paid to the shareholders as a dividend.

Unable to calculate sustainability of dividends as SnowWorld has not reported any payouts.

Future Payout to shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.

Income/ dividend checks

We assess SnowWorld's dividend by checking for:

Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
Is current dividend yield above the bottom 25% of dividend payers? (1 check)
Is current dividend yield above the top 25% of dividend payers? (1 check)
Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
If they have paid a dividend for 10 years has it increased in this time? (1 check)
How sustainable is the dividend, can SnowWorld afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)

Full details on the Dividends part of the Simply Wall St company analysis model.

Management

What is the CEO of SnowWorld's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.

CEO

W.F.D.M. Hubrechtsen

AGE	47
TENURE AS CEO	1.4 years

CEO Bio

W.F.D.M. Hubrechtsen serves as Chief Executive Officer & Member of Executive Board at SnowWorld N.V. since 2018 and serves as its Statutory Director.

CEO Compensation

Insufficient data for W.F.D.M. to compare compensation growth.
Insufficient data for W.F.D.M. to establish whether their remuneration is reasonable compared to companies of similar size in Netherlands.

Management Team Tenure

Average tenure and age of the SnowWorld management team in years:

1.3

Average Tenure

46.5

Average Age

The average tenure for the SnowWorld management team is less than 2 years, this suggests a new team.

Management Team

Wim Moerman

TITLE

CFO & Member of Executive Board

COMPENSATION

€185K

AGE

46

TENURE

11.6 yrs

Koos H. M. Hendriks

TITLE

COMPENSATION

€383K

AGE

69

TENURE

1.3 yrs

W.F.D.M. Hubrechtsen

TITLE

CEO, Member of Executive Board & Statutory Director

AGE

47

TENURE

1.4 yrs

E. Haeck

TITLE

Member of Executive Board & Statutory Director

AGE

43

TENURE

0.8 yrs

Board of Directors

Hans J. Bakker

TITLE

Chairman of Supervisory Board

AGE

67

Peter Paul de Vries

TITLE

Member of the Supervisory Board

AGE

51

TENURE

4.4 yrs

Koen Hoffman

TITLE

Member of Supervisory Board

AGE

50

P. Bourgeois

TITLE

Member of Supervisory Board

AGE

41

F. Loncin

TITLE

Member of Supervisory Board

AGE

44

Who owns this company?

Recent Insider Trading

No 3 month insider trading information.

Recent Insider Transactions

Announced	Type	Name	Entity	Role		Start	End	Shares	Max Price (€)	Value (€)

Management checks

We assess SnowWorld's management by checking for:

Is the CEO's compensation unreasonable compared to market cap? (1 check)
Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
Is the average tenure of the management team less than 2 years? (1 check)
Is the average tenure of the board of directors team less than 3 years? (1 check)

Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

What SnowWorld N.V.'s (AMS:SNOW) ROE Can Tell Us

This article is for those who would like to learn about Return On Equity (ROE). … That means that for every €1 worth of shareholders' equity, it generated €0.10 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St - 4 months ago – Full article

SnowWorld NV (AMS:SNOW): Why Return On Capital Employed Is Important

You need to pay attention to this because your return on investment is linked to dividends and internal investments to improve the business, which can only occur if the company is expected to produce adequate earnings with the capital that has been provided. … Therefore, looking at how efficiently SnowWorld is able to use capital to create earnings will help us understand your potential return. … Investors use many different metrics but the analysis below focuses on return on capital employed (ROCE).

Simply Wall St - 7 months ago – Full article

With An ROE Of 8.14%, Has SnowWorld NV's (AMS:SNOW) Management Done Well?

and want to learn about Return on Equity using a real-life example. … SnowWorld NV (AMS:SNOW) generated a below-average return on equity of 8.14% in the past 12 months, while its industry returned 14.48%. … An investor may attribute an inferior ROE to a relatively inefficient performance, and whilst this can often be the case, knowing the nuts and bolts of the ROE calculation may change that perspective and give you a deeper insight into SNOW's past performance.

Simply Wall St - 10 months ago – Full article

Why SnowWorld NV's (AMS:SNOW) Investor Composition Impacts Your Returns

In this article, I'm going to take a look at SnowWorld NV’s (AMS:SNOW) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … Ownership structure of a company has been found to affect share performance over time. … The implications of these institutions’ actions can either benefit or hinder individual investors, so it is important to understand the ownership composition of your stock investment.

Simply Wall St - 10 months ago – Full article

SnowWorld NV (AMS:SNOW): What Are Investors Earning On Their Capital?

SnowWorld stock represents an ownership share in the company. … This share represents a portion of capital used by the company to operate the business, and it is important the company is able to use the capital base efficiently to create adequate cash flows for you as an investor … You need to pay attention to this because your return on investment is linked to dividends and internal investments to improve the business, which can only occur if the company is expected to produce adequate earnings with the capital that has been provided.

Simply Wall St - 11 months ago – Full article

What Should Investors Know About SnowWorld NV.'s (AMS:SNOW) Capital Returns?

Thus, to understand how your money can grow by investing in SnowWorld, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE). … SNOW’s ROCE is calculated below: ROCE Calculation for SNOW Return on Capital Employed (ROCE) = Earnings Before Tax (EBT) ÷ (Capital Employed) Capital Employed = (Total Assets - Current Liabilities) ∴ ROCE = €3.35M ÷ (€61.39M - €11.69M) = 6.75% SNOW’s 6.75% ROCE means that for every €100 you invest, the company creates €6.7. … The movement in the earnings variable over this time shows a fall from €4.02M to €3.35M whilst capital employed has increased due to an increase in total assets employed , which means the company's ROCE has shrunk as a result of falling earnings and simultaneous increases in capital requirements.