STROEER SE & CO KGAA (SAX.DE) Stock Fundamental Analysis
FRA:SAX - Deutsche Boerse Ag - DE0007493991 - Common Stock - Currency: EUR
Taking everything into account, SAX scores 5 out of 10 in our fundamental rating. SAX was compared to 69 industry peers in the Media industry. While SAX has a great profitability rating, there are quite some concerns on its financial health. SAX has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year SAX was profitable.
SAX had a positive operating cash flow in the past year.
SAX had positive earnings in each of the past 5 years.
In the past 5 years SAX always reported a positive cash flow from operatings.
1.2 Ratios
SAX has a Return On Assets of 4.28%. This is in the better half of the industry: SAX outperforms 62.90% of its industry peers.
SAX has a Return On Equity of 28.22%. This is amongst the best in the industry. SAX outperforms 87.10% of its industry peers.
SAX has a Return On Invested Capital of 9.77%. This is in the better half of the industry: SAX outperforms 75.81% of its industry peers.
SAX had an Average Return On Invested Capital over the past 3 years of 7.69%. This is in line with the industry average of 9.42%.
The 3 year average ROIC (7.69%) for SAX is below the current ROIC(9.77%), indicating increased profibility in the last year.
| 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
Looking at the Profit Margin, with a value of 5.70%, SAX is in the better half of the industry, outperforming 64.52% of the companies in the same industry.
In the last couple of years the Profit Margin of SAX has grown nicely.
With an excellent Operating Margin value of 12.43%, SAX belongs to the best of the industry, outperforming 80.65% of the companies in the same industry.
In the last couple of years the Operating Margin of SAX has grown nicely.
With a Gross Margin value of 42.74%, SAX is not doing good in the industry: 64.52% of the companies in the same industry are doing better.
In the last couple of years the Gross Margin of SAX has grown nicely.
| 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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), SAX is 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.
Compared to 1 year ago, SAX has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 1.86 indicates that SAX is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of SAX (1.86) is comparable to the rest of the industry.
SAX has a debt to FCF ratio of 4.66. This is a neutral value as SAX would need 4.66 years to pay back of all of its debts.
SAX has a Debt to FCF ratio (4.66) which is in line with its industry peers.
A Debt/Equity ratio of 3.13 is on the high side and indicates that SAX has dependencies on debt financing.
SAX has a Debt to Equity ratio of 3.13. This is amonst the worse of the industry: SAX underperforms 85.48% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.13 | ||
| Debt/FCF | 4.66 | ||
| Altman-Z | 1.86 |
ROIC/WACC1.73
WACC5.64%
2.3 Liquidity
A Current Ratio of 0.46 indicates that SAX may have some problems paying its short term obligations.
SAX has a worse Current ratio (0.46) than 91.94% of its industry peers.
A Quick Ratio of 0.41 indicates that SAX may have some problems paying its short term obligations.
SAX's Quick ratio of 0.41 is on the low side compared to the rest of the industry. SAX is outperformed by 90.32% of its industry peers.
| 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
SAX shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 8.16%.
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
SAX is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 26.10% yearly.
Based on estimates for the next years, SAX will show a small growth in Revenue. The Revenue will grow by 6.77% on average per year.
EPS Next Y35.84%
EPS Next 2Y30.7%
EPS Next 3Y26.1%
EPS Next 5YN/A
Revenue Next Year8.75%
Revenue Next 2Y8.03%
Revenue Next 3Y7.58%
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.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
SAX is valuated rather expensively with a Price/Earnings ratio of 21.10.
61.29% of the companies in the same industry are cheaper than SAX, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 28.47. SAX is valued slightly cheaper when compared to this.
Based on the Price/Forward Earnings ratio of 14.91, the valuation of SAX can be described as correct.
SAX's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 92.74, SAX is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.1 | ||
| Fwd PE | 14.91 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as SAX.
SAX's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.61 | ||
| EV/EBITDA | 8.24 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
SAX has an outstanding profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as SAX's earnings are expected to grow with 26.10% in the coming years.
PEG (NY)0.59
PEG (5Y)N/A
EPS Next 2Y30.7%
EPS Next 3Y26.1%
5. Dividend
5.1 Amount
SAX has a Yearly Dividend Yield of 3.20%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 5.05, SAX pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.28, SAX pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.2% |
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
SAX pays out 108.54% of its income as dividend. 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 2Y30.7%
EPS Next 3Y26.1%
STROEER SE & CO KGAA
FRA:SAX (2/5/2025, 10:40:38 AM)
56.55
-0.25 (-0.44%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)
Earnings (Next)
Inst Owners43.41%
Inst Owner ChangeN/A
Ins Owners43.93%
Ins Owner ChangeN/A
Market Cap3.16B
Analysts80
Price Target72.99 (29.07%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.2% |
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)-0.58%
PT rev (3m)-3.83%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-22.94%
EPS NY rev (1m)-4.36%
EPS NY rev (3m)-4.36%
Revenue NQ rev (1m)-2.65%
Revenue NQ rev (3m)-3.19%
Revenue NY rev (1m)-1.83%
Revenue NY rev (3m)-1.83%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.1 | ||
| Fwd PE | 14.91 | ||
| P/S | 1.56 | ||
| P/FCF | 8.61 | ||
| P/OCF | 6.84 | ||
| P/B | 7.72 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.24 |
EPS(TTM)2.68
EY4.74%
EPS(NY)3.79
Fwd EY6.71%
FCF(TTM)6.57
FCFY11.61%
OCF(TTM)8.27
OCFY14.63%
SpS36.29
BVpS7.33
TBVpS-11.43
PEG (NY)0.59
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
WACC5.64%
ROIC/WACC1.73
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 Y35.84%
EPS Next 2Y30.7%
EPS Next 3Y26.1%
EPS Next 5YN/A
Revenue 1Y (TTM)8.16%
Revenue growth 3Y9.9%
Revenue growth 5Y4.89%
Sales Q2Q%2.55%
Revenue Next Year8.75%
Revenue Next 2Y8.03%
Revenue Next 3Y7.58%
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%