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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
  1. Home
  2. NL
  3. Consumer Services
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.


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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

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.
X
Value checks
We assess SnowWorld's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Hospitality industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Hospitality industry average (and greater than 0)? (1 check)
  5. SnowWorld has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    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!
Annual Growth Rate
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.

Super high growth metrics
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.
X
Future performance checks
We assess SnowWorld's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. 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 R&D 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).
X
Past performance checks
We assess SnowWorld's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Hospitality industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. 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).
X
Financial health checks
We assess SnowWorld's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. SnowWorld has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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
Dividend payments
0%
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.
X
Income/ dividend checks
We assess SnowWorld's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
  7. SnowWorld has a total score of 0/6, see the detailed checks below.


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 (€)
X
Management checks
We assess SnowWorld's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. SnowWorld has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


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

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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).

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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.

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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.

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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.

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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.

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Is SnowWorld NV.'s (AMS:SNOW) PE Ratio A Signal To Buy For Investors?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for SNOW Price per share = €9.6 Earnings per share = €0.536 ∴ Price-Earnings Ratio = €9.6 ÷ €0.536 = 17.9x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … SNOW’s P/E of 17.9x is lower than its industry peers (22.2x), which implies that each dollar of SNOW’s earnings is being undervalued by investors. … For example, if you are inadvertently comparing lower risk firms with SNOW, then SNOW’s P/E would naturally be lower than its peers, since investors would value those with lower risk with a higher price.

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Who Are The Largest Shareholders In SnowWorld NV. (AMS:SNOW)?

Insider Ownership Insiders form another group of important ownership types as they manage the company's operations and decide the best use of capital. … ENXTAM:SNOW Insider_trading Apr 16th 18 General Public Ownership A substantial ownership of 14.17% in SNOW is held by the general public. … An investor should be encouraged by the ownership of these institutions who are known to be experts in increasing efficiency, improving capital structure and opting for value-accretive policy decisions.Next Steps: Institutional ownership level and composition in SNOW is not high nor active enough to significantly impact its investment thesis.

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Are SnowWorld NV.'s (AMS:SNOW) Interest Costs Too High?

SNOW has shrunken its total debt levels in the last twelve months, from €43.56M to €40.14M – this includes both the current and long-term debt. … Moreover, SNOW has produced €6.53M in operating cash flow during the same period of time, resulting in an operating cash to total debt ratio of 16.28%, meaning that SNOW’s current level of operating cash is not high enough to cover debt. … For SNOW, the ratio of 3.34x suggests that interest is appropriately covered, which means that debtors may be willing to loan the company more money, giving SNOW ample headroom to grow its debt facilities.Next Steps: SNOW’s high debt level indicates room for improvement.

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SnowWorld NV. (AMS:SNOW): Does The -2.55% Earnings Drop Reflect A Longer Term Trend?

View our latest analysis for SnowWorld Was SNOW's recent earnings decline worse than the long-term trend and the industry? … I like to use data from the most recent 12 months, which either annualizes the most recent 6-month earnings update, or in some cases, the most recent annual report is already the latest available financial data. … Scanning growth from a sector-level, the NL hospitality industry has been growing its average earnings by double-digit 14.22% over the prior twelve months, and 10.77% over the past half a decade.

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Company Info

Description

SnowWorld N.V., together with its subsidiaries, owns and operates indoor ski resorts in the Netherlands. The company operates through Ski, Hospitality, Fitness, Hotel, and Outdoor segments. It operates two indoor ski resorts in Landgraaf and Zoetermeer. The company’s resorts consist of ski pistes, food and beverage facilities, meeting rooms, winter sports stores, and health clubs. The ski resort located in Landgraaf includes a four-star hotel and an outdoor park. It also operates ski school that provides ski and snowboard lessons and courses. The company was founded in 1996 and is based in Zoetermeer, the Netherlands.

Details
Name: SnowWorld N.V.
SNOW
Exchange: ENXTAM
Founded: 1996
€45,070,962
3,605,677
Website: http://www.snowworld.com
Address: SnowWorld N.V.
Buytenparklaan 30,
Zoetermeer,
Zuid-Holland, 2717 AX,
Netherlands
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTAM SNOW Ordinary Shares Euronext Amsterdam NL EUR 12. Dec 2013
Number of employees
Current staff
Staff numbers
241
SnowWorld employees.
Industry
Leisure Facilities
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/23 21:50
End of day share price update: 2019/06/21 00:00
Last estimates confirmation: 2017/10/30
Last earnings filing: 2019/01/16
Last earnings reported: 2018/09/30
Last annual earnings reported: 2018/09/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.