STROEER SE & CO KGAA (SAX.DE) Stock Fundamental Analysis
FRA:SAX - Deutsche Boerse Ag - DE0007493991 - Common Stock - Currency: EUR
We assign a fundamental rating of 5 out of 10 to SAX. SAX was compared to 67 industry peers in the Media industry. SAX scores excellent on profitability, but there are concerns on its financial health. SAX has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year SAX was profitable.
SAX had a positive operating cash flow in the past year.
Each year in the past 5 years SAX has been profitable.
SAX had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
SAX has a better Return On Assets (4.28%) than 68.66% of its industry peers.
SAX's Return On Equity of 28.22% is amongst the best of the industry. SAX outperforms 89.55% of its industry peers.
SAX has a Return On Invested Capital of 9.77%. This is amongst the best in the industry. SAX outperforms 80.60% of its industry peers.
The Average Return On Invested Capital over the past 3 years for SAX is in line with the industry average of 8.60%.
The last Return On Invested Capital (9.77%) for SAX is above the 3 year average (7.69%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.28% | ||
| ROE | 28.22% | ||
| ROIC | 9.77% |
ROA(3y)4.36%
ROA(5y)3.28%
ROE(3y)25.96%
ROE(5y)19.05%
ROIC(3y)7.69%
ROIC(5y)6.32%
1.3 Margins
SAX's Profit Margin of 5.70% is fine compared to the rest of the industry. SAX outperforms 67.16% of its industry peers.
SAX's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 12.43%, SAX is in the better half of the industry, outperforming 79.10% of the companies in the same industry.
In the last couple of years the Operating Margin of SAX has grown nicely.
The Gross Margin of SAX (42.74%) is comparable to the rest of the industry.
SAX's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 12.43% | ||
| PM (TTM) | 5.7% | ||
| GM | 42.74% |
OM growth 3Y21.9%
OM growth 5Y1.76%
PM growth 3Y25.45%
PM growth 5YN/A
GM growth 3Y5.96%
GM growth 5Y3.24%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so SAX is still creating some value.
SAX has less shares outstanding than it did 1 year ago.
SAX has less shares outstanding than it did 5 years ago.
SAX has a worse debt/assets ratio than last year.
2.2 Solvency
SAX has an Altman-Z score of 1.86. This is not the best score and indicates that SAX is in the grey zone with still only limited risk for bankruptcy at the moment.
The Altman-Z score of SAX (1.86) is better than 64.18% of its industry peers.
The Debt to FCF ratio of SAX is 4.66, which is a neutral value as it means it would take SAX, 4.66 years of fcf income to pay off all of its debts.
SAX's Debt to FCF ratio of 4.66 is fine compared to the rest of the industry. SAX outperforms 64.18% of its industry peers.
SAX has a Debt/Equity ratio of 3.13. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 3.13, SAX is not doing good in the industry: 76.12% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.13 | ||
| Debt/FCF | 4.66 | ||
| Altman-Z | 1.86 |
ROIC/WACC1.67
WACC5.84%
2.3 Liquidity
SAX has a Current Ratio of 0.46. This is a bad value and indicates that SAX is not financially healthy enough and could expect problems in meeting its short term obligations.
SAX has a Current ratio of 0.46. This is amonst the worse of the industry: SAX underperforms 83.58% of its industry peers.
SAX has a Quick Ratio of 0.46. This is a bad value and indicates that SAX is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.41, SAX is doing worse than 82.09% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.46 | ||
| Quick Ratio | 0.41 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 12.13% over the past year.
The Earnings Per Share has been growing by 38.83% on average over the past years. This is a very strong growth
The Revenue has grown by 8.16% in the past year. This is quite good.
Measured over the past years, SAX shows a small growth in Revenue. The Revenue has been growing by 4.89% on average per year.
EPS 1Y (TTM)12.13%
EPS 3Y38.83%
EPS 5YN/A
EPS Q2Q%1.45%
Revenue 1Y (TTM)8.16%
Revenue growth 3Y9.9%
Revenue growth 5Y4.89%
Sales Q2Q%2.55%
3.2 Future
Based on estimates for the next years, SAX will show a very strong growth in Earnings Per Share. The EPS will grow by 25.98% on average per year.
The Revenue is expected to grow by 6.77% on average over the next years.
EPS Next Y36.42%
EPS Next 2Y30.65%
EPS Next 3Y25.98%
EPS Next 5YN/A
Revenue Next Year8.38%
Revenue Next 2Y7.86%
Revenue Next 3Y7.46%
Revenue Next 5Y6.77%
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 21.03, SAX is valued on the expensive side.
SAX's Price/Earnings ratio is in line with the industry average.
SAX is valuated rather cheaply when we compare the Price/Earnings ratio to 29.35, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 14.87 indicates a correct valuation of SAX.
The rest of the industry has a similar Price/Forward Earnings ratio as SAX.
SAX's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.10.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.03 | ||
| Fwd PE | 14.87 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as SAX.
The rest of the industry has a similar Price/Free Cash Flow ratio as SAX.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.58 | ||
| EV/EBITDA | 8.19 |
4.3 Compensation for Growth
SAX's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The excellent profitability rating of SAX may justify a higher PE ratio.
A more expensive valuation may be justified as SAX's earnings are expected to grow with 25.98% in the coming years.
PEG (NY)0.58
PEG (5Y)N/A
EPS Next 2Y30.65%
EPS Next 3Y25.98%
5. Dividend
5.1 Amount
SAX has a Yearly Dividend Yield of 3.27%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 4.47, SAX pays a bit more dividend than its industry peers.
SAX's Dividend Yield is a higher than the S&P500 average which is at 2.33.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.27% |
5.2 History
The dividend of SAX has a limited annual growth rate of 5.89%.
Dividend Growth(5Y)5.89%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
108.54% of the earnings are spent on dividend by SAX. This is not a sustainable payout ratio.
The dividend of SAX is growing, but earnings are growing more, so the dividend growth is sustainable.
DP108.54%
EPS Next 2Y30.65%
EPS Next 3Y25.98%
FRA:SAX (3/7/2025, 7:00:00 PM)
56.35
-0.3 (-0.53%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)
Earnings (Next)
Inst Owners39.78%
Inst Owner ChangeN/A
Ins Owners43.93%
Ins Owner ChangeN/A
Market Cap3.15B
Analysts81.18
Price Target72.8 (29.19%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.27% |
Yearly Dividend2
Dividend Growth(5Y)5.89%
DP108.54%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-5.09%
Min EPS beat(2)-13.37%
Max EPS beat(2)3.19%
EPS beat(4)2
Avg EPS beat(4)18.1%
Min EPS beat(4)-35.26%
Max EPS beat(4)117.82%
EPS beat(8)3
Avg EPS beat(8)2.49%
EPS beat(12)5
Avg EPS beat(12)151.67%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-3.18%
Min Revenue beat(2)-6.17%
Max Revenue beat(2)-0.2%
Revenue beat(4)1
Avg Revenue beat(4)-1.75%
Min Revenue beat(4)-6.17%
Max Revenue beat(4)0.18%
Revenue beat(8)3
Avg Revenue beat(8)-0.81%
Revenue beat(12)5
Avg Revenue beat(12)6.86%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-0.26%
PT rev (3m)-1.57%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0.43%
EPS NY rev (3m)-3.95%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.65%
Revenue NY rev (1m)-0.34%
Revenue NY rev (3m)-2.16%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.03 | ||
| Fwd PE | 14.87 | ||
| P/S | 1.55 | ||
| P/FCF | 8.58 | ||
| P/OCF | 6.81 | ||
| P/B | 7.69 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.19 |
EPS(TTM)2.68
EY4.76%
EPS(NY)3.79
Fwd EY6.73%
FCF(TTM)6.57
FCFY11.65%
OCF(TTM)8.27
OCFY14.68%
SpS36.29
BVpS7.33
TBVpS-11.43
PEG (NY)0.58
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.28% | ||
| ROE | 28.22% | ||
| ROCE | 13.95% | ||
| ROIC | 9.77% | ||
| ROICexc | 10.23% | ||
| ROICexgc | 26.07% | ||
| OM | 12.43% | ||
| PM (TTM) | 5.7% | ||
| GM | 42.74% | ||
| FCFM | 18.09% |
ROA(3y)4.36%
ROA(5y)3.28%
ROE(3y)25.96%
ROE(5y)19.05%
ROIC(3y)7.69%
ROIC(5y)6.32%
ROICexc(3y)8.03%
ROICexc(5y)6.61%
ROICexgc(3y)18.83%
ROICexgc(5y)N/A
ROCE(3y)11.09%
ROCE(5y)9.09%
ROICexcg growth 3Y26.76%
ROICexcg growth 5Y10.66%
ROICexc growth 3Y32.19%
ROICexc growth 5Y10.66%
OM growth 3Y21.9%
OM growth 5Y1.76%
PM growth 3Y25.45%
PM growth 5YN/A
GM growth 3Y5.96%
GM growth 5Y3.24%
F-Score7
Asset Turnover0.75
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.13 | ||
| Debt/FCF | 4.66 | ||
| Debt/EBITDA | 2.2 | ||
| Cap/Depr | 28.92% | ||
| Cap/Sales | 4.7% | ||
| Interest Coverage | 3.67 | ||
| Cash Conversion | 79.47% | ||
| Profit Quality | 317.62% | ||
| Current Ratio | 0.46 | ||
| Quick Ratio | 0.41 | ||
| Altman-Z | 1.86 |
F-Score7
WACC5.84%
ROIC/WACC1.67
Cap/Depr(3y)42.93%
Cap/Depr(5y)36.41%
Cap/Sales(3y)7.54%
Cap/Sales(5y)6.93%
Profit Quality(3y)241.82%
Profit Quality(5y)437.64%
High Growth Momentum
Growth
EPS 1Y (TTM)12.13%
EPS 3Y38.83%
EPS 5YN/A
EPS Q2Q%1.45%
EPS Next Y36.42%
EPS Next 2Y30.65%
EPS Next 3Y25.98%
EPS Next 5YN/A
Revenue 1Y (TTM)8.16%
Revenue growth 3Y9.9%
Revenue growth 5Y4.89%
Sales Q2Q%2.55%
Revenue Next Year8.38%
Revenue Next 2Y7.86%
Revenue Next 3Y7.46%
Revenue Next 5Y6.77%
EBIT growth 1Y6.61%
EBIT growth 3Y33.96%
EBIT growth 5Y6.74%
EBIT Next Year138.56%
EBIT Next 3Y42.63%
EBIT Next 5YN/A
FCF growth 1Y31.48%
FCF growth 3Y-1.96%
FCF growth 5Y-2.68%
OCF growth 1Y5.33%
OCF growth 3Y1.5%
OCF growth 5Y-1.2%