ENXTAM:SNOW

Stock Analysis Report

Executive Summary

SnowWorld N.V. owns and operates indoor ski resorts in Landgraaf and Zoetermeer, the Netherlands.


Snowflake Analysis

Proven track record and slightly overvalued.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-3.0%

SNOW

-1.3%

NL Hospitality

-5.0%

NL Market


1 Year Return

52.4%

SNOW

13.3%

NL Hospitality

4.1%

NL Market

Return vs Industry: SNOW exceeded the Dutch Hospitality industry which returned 13.3% over the past year.

Return vs Market: SNOW exceeded the Dutch Market which returned 4.1% over the past year.


Shareholder returns

SNOWIndustryMarket
7 Day-3.0%-1.3%-5.0%
30 Day0.6%1.1%-3.5%
90 Day13.5%1.6%-1.2%
1 Year52.4%52.4%16.7%13.3%8.4%4.1%
3 Year74.7%69.4%22.4%11.1%29.8%15.5%
5 Year129.1%116.2%33.7%12.9%42.4%14.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

13.9x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SNOW (€16) is trading above our estimate of fair value (€4.31)

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


Price To Earnings Ratio

PE vs Industry: SNOW is good value based on its PE Ratio (13.9x) compared to the Hospitality industry average (20.2x).

PE vs Market: SNOW is good value based on its PE Ratio (13.9x) compared to the Dutch market (18.3x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: SNOW is overvalued based on its PB Ratio (2x) compared to the XE Hospitality industry average (1.6x).


Next Steps

Future Growth

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

16.6%

Forecasted Consumer Services 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 SnowWorld 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 SnowWorld performed over the past 5 years?

28.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SNOW has a large one-off gain of €3.5M impacting its September 30 2019 financial results.

Growing Profit Margin: SNOW's current net profit margins (12.3%) are higher than last year (9.4%).


Past Earnings Growth Analysis

Earnings Trend: SNOW's earnings have grown significantly by 28.7% per year over the past 5 years.

Accelerating Growth: SNOW's earnings growth over the past year (77.2%) exceeds its 5-year average (28.7% per year).

Earnings vs Industry: SNOW earnings growth over the past year (77.2%) exceeded the Hospitality industry -1.8%.


Return on Equity

High ROE: SNOW's Return on Equity (13.8%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is SnowWorld's financial position?


Financial Position Analysis

Short Term Liabilities: SNOW's short term assets (€6.2M) do not cover its short term liabilities (€9.9M).

Long Term Liabilities: SNOW's short term assets (€6.2M) do not cover its long term liabilities (€52.1M).


Debt to Equity History and Analysis

Debt Level: SNOW's debt to equity ratio (165.5%) is considered high.

Reducing Debt: SNOW's debt to equity ratio has reduced from 561.7% to 165.5% over the past 5 years.

Debt Coverage: SNOW's debt is not well covered by operating cash flow (11.2%).

Interest Coverage: SNOW's interest payments on its debt are not well covered by EBIT (1.4x coverage).


Balance Sheet

Inventory Level: SNOW has a high level of physical assets or inventory.

Debt Coverage by Assets: SNOW's debt is not covered by short term assets (assets are 0.1x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

company0%marketbottom25%2.2%markettop25%5.9%industryaverage2.7%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate SNOW's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate SNOW's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SNOW's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SNOW's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: SNOW is not paying a notable dividend for the Dutch market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SNOW's dividend in 3 years as they are not forecast to pay a notable one for the Dutch market.


Next Steps

Management

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

1.4yrs

Average management tenure


CEO

W.F.D.M. Hubrechtsen (48yo)

1.3yrs

Tenure

0

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. 


Leadership Team

NamePositionTenureCompensationOwnership
W. Moerman
CFO & Member of Executive Board12.3yrs€185.00kno data
J. H. M. Hendriks
1.9yrs€383.00k0.41% 260.5k
W.F.D.M. Hubrechtsen
CEO, Member of Executive Board & Statutory Director1.3yrsno datano data
E. Haeck
Member of Executive Board & Statutory Director1.4yrsno datano data
S. van den Boogaart
Chief Operational Officer0.2yrsno datano data

1.4yrs

Average Tenure

47yo

Average Age

Experienced Management: SNOW's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Peter Paul de Vries
Member of the Supervisory Board5.1yrsno datano data
Koen Hoffman
Member of Supervisory Board2.1yrsno data0.089% 56.0k
A. J. Bakker
Chairman of Supervisory Board0yrsno datano data
P. Bourgeois
Member of Supervisory Board2.1yrsno datano data
F. Loncin
Member of Supervisory Board2.1yrsno datano data

2.1yrs

Average Tenure

51yo

Average Age

Experienced Board: SNOW's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.


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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 11.9%.


Top Shareholders

Company Information

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


Key Information

  • Name: SnowWorld N.V.
  • Ticker: SNOW
  • Exchange: ENXTAM
  • Founded: 1996
  • Industry: Leisure Facilities
  • Sector: Consumer Services
  • Market Cap: €62.946m
  • Shares outstanding: 3.93m
  • Website: https://www.snowworld.com

Number of Employees


Location

  • SnowWorld N.V.
  • Buytenparklaan 30
  • Zoetermeer
  • Zuid-Holland
  • 2717 AX
  • Netherlands

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SNOWENXTAM (Euronext Amsterdam)YesOrdinary SharesNLEURDec 2013
0QIFLSE (London Stock Exchange)YesOrdinary SharesGBEURDec 2013

Biography

SnowWorld N.V. owns and operates indoor ski resorts in Landgraaf and Zoetermeer, the Netherlands. The company was founded in 1996 and is based in Zoetermeer, the Netherlands. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/25 22:34
End of Day Share Price2020/02/25 00:00
Earnings2019/09/30
Annual Earnings2019/09/30


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.