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 63 industry peers in the Media industry. SAX has an excellent profitability rating, but there are concerns on its financial health. SAX has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
SAX had positive earnings in the past year.
In the past year SAX had a positive cash flow from operations.
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's Return On Assets of 4.89% is fine compared to the rest of the industry. SAX outperforms 76.19% of its industry peers.
SAX's Return On Equity of 29.22% is amongst the best of the industry. SAX outperforms 90.48% of its industry peers.
SAX has a better Return On Invested Capital (9.57%) than 85.71% 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 7.76%.
The 3 year average ROIC (8.47%) for SAX is below the current ROIC(9.57%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.89% | ||
| ROE | 29.22% | ||
| ROIC | 9.57% |
ROA(3y)4.37%
ROA(5y)3.79%
ROE(3y)26.75%
ROE(5y)22.7%
ROIC(3y)8.47%
ROIC(5y)7.11%
1.3 Margins
SAX has a better Profit Margin (6.69%) than 71.43% of its industry peers.
In the last couple of years the Profit Margin of SAX has grown nicely.
SAX has a better Operating Margin (13.67%) than 88.89% of its industry peers.
SAX's Operating Margin has improved in the last couple of years.
SAX has a Gross Margin of 43.94%. This is in the lower half of the industry: SAX underperforms 60.32% of its industry peers.
SAX's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 13.67% | ||
| PM (TTM) | 6.69% | ||
| GM | 43.94% |
OM growth 3Y8.14%
OM growth 5Y7.17%
PM growth 3Y-5.22%
PM growth 5Y12.78%
GM growth 3Y3.16%
GM growth 5Y4.26%
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.
The number of shares outstanding for SAX has been increased compared to 1 year ago.
SAX has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, SAX has an improved debt to assets ratio.
2.2 Solvency
SAX has an Altman-Z score of 1.42. This is a bad value and indicates that SAX is not financially healthy and even has some risk of bankruptcy.
SAX has a Altman-Z score (1.42) which is comparable to the rest of the industry.
SAX has a debt to FCF ratio of 5.00. This is a neutral value as SAX would need 5.00 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 5.00, SAX is in line with its industry, outperforming 57.14% of the companies in the same industry.
A Debt/Equity ratio of 3.02 is on the high side and indicates that SAX has dependencies on debt financing.
SAX's Debt to Equity ratio of 3.02 is on the low side compared to the rest of the industry. SAX is outperformed by 85.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.02 | ||
| Debt/FCF | 5 | ||
| Altman-Z | 1.42 |
ROIC/WACC1.75
WACC5.47%
2.3 Liquidity
A Current Ratio of 0.53 indicates that SAX may have some problems paying its short term obligations.
With a Current ratio value of 0.53, SAX is not doing good in the industry: 88.89% of the companies in the same industry are doing better.
A Quick Ratio of 0.47 indicates that SAX may have some problems paying its short term obligations.
With a Quick ratio value of 0.47, SAX is not doing good in the industry: 88.89% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.53 | ||
| Quick Ratio | 0.47 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 22.81% over the past year.
Measured over the past years, SAX shows a decrease in Earnings Per Share. The EPS has been decreasing by -5.06% on average per year.
The Revenue has been growing slightly by 5.67% in the past year.
The Revenue has been growing slightly by 5.17% on average over the past years.
EPS 1Y (TTM)22.81%
EPS 3Y3.1%
EPS 5Y-5.06%
EPS Q2Q%-31.82%
Revenue 1Y (TTM)5.67%
Revenue growth 3Y7.95%
Revenue growth 5Y5.17%
Sales Q2Q%4.86%
3.2 Future
Based on estimates for the next years, SAX will show a quite strong growth in Earnings Per Share. The EPS will grow by 19.24% on average per year.
Based on estimates for the next years, SAX will show a small growth in Revenue. The Revenue will grow by 6.61% on average per year.
EPS Next Y28.21%
EPS Next 2Y23.6%
EPS Next 3Y19.24%
EPS Next 5YN/A
Revenue Next Year6.82%
Revenue Next 2Y6.78%
Revenue Next 3Y6.6%
Revenue Next 5Y6.61%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last 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
Based on the Price/Earnings ratio of 17.30, the valuation of SAX can be described as rather expensive.
Compared to the rest of the industry, the Price/Earnings ratio of SAX is on the same level as its industry peers.
The average S&P500 Price/Earnings ratio is at 26.35. SAX is valued slightly cheaper when compared to this.
With a Price/Forward Earnings ratio of 11.05, the valuation of SAX can be described as very reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SAX indicates a somewhat cheap valuation: SAX is cheaper than 66.67% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of SAX to the average of the S&P500 Index (22.19), we can say SAX is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.3 | ||
| Fwd PE | 11.05 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as SAX.
Based on the Price/Free Cash Flow ratio, SAX is valued a bit cheaper than the industry average as 66.67% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 7.61 | ||
| EV/EBITDA | 7.24 |
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.
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 19.24% in the coming years.
PEG (NY)0.61
PEG (5Y)N/A
EPS Next 2Y23.6%
EPS Next 3Y19.24%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.51%, SAX is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 4.70, SAX pays a bit more dividend than its industry peers.
SAX's Dividend Yield is rather good when compared to the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.51% |
5.2 History
The dividend of SAX decreases each year by -0.88%.
Dividend Growth(5Y)-0.88%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
SAX pays out 87.89% of its income as dividend. This is not a sustainable payout ratio.
DP87.89%
EPS Next 2Y23.6%
EPS Next 3Y19.24%
FRA:SAX (6/20/2025, 5:29:25 PM)
48.45
+0.05 (+0.1%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)
Earnings (Next)
Inst Owners40.61%
Inst Owner ChangeN/A
Ins Owners44.01%
Ins Owner ChangeN/A
Market Cap2.71B
Analysts81.25
Price Target69.72 (43.9%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.51% |
Yearly Dividend2.18
Dividend Growth(5Y)-0.88%
DP87.89%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-19.81%
Min EPS beat(2)-32.49%
Max EPS beat(2)-7.13%
EPS beat(4)1
Avg EPS beat(4)-12.45%
Min EPS beat(4)-32.49%
Max EPS beat(4)3.19%
EPS beat(8)2
Avg EPS beat(8)-0.68%
EPS beat(12)4
Avg EPS beat(12)-0.15%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-2.08%
Min Revenue beat(2)-3.51%
Max Revenue beat(2)-0.65%
Revenue beat(4)0
Avg Revenue beat(4)-2.63%
Min Revenue beat(4)-6.17%
Max Revenue beat(4)-0.2%
Revenue beat(8)2
Avg Revenue beat(8)-1.26%
Revenue beat(12)4
Avg Revenue beat(12)6.47%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-4.46%
PT rev (3m)-4.24%
EPS NQ rev (1m)-5.81%
EPS NQ rev (3m)-10%
EPS NY rev (1m)0%
EPS NY rev (3m)-2.9%
Revenue NQ rev (1m)-0.74%
Revenue NQ rev (3m)-0.92%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.49%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.3 | ||
| Fwd PE | 11.05 | ||
| P/S | 1.31 | ||
| P/FCF | 7.61 | ||
| P/OCF | 6.02 | ||
| P/B | 5.71 | ||
| P/tB | N/A | ||
| EV/EBITDA | 7.24 |
EPS(TTM)2.8
EY5.78%
EPS(NY)4.38
Fwd EY9.05%
FCF(TTM)6.37
FCFY13.15%
OCF(TTM)8.05
OCFY16.62%
SpS37.04
BVpS8.49
TBVpS-12.28
PEG (NY)0.61
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.89% | ||
| ROE | 29.22% | ||
| ROCE | 13.83% | ||
| ROIC | 9.57% | ||
| ROICexc | 9.97% | ||
| ROICexgc | 24.39% | ||
| OM | 13.67% | ||
| PM (TTM) | 6.69% | ||
| GM | 43.94% | ||
| FCFM | 17.19% |
ROA(3y)4.37%
ROA(5y)3.79%
ROE(3y)26.75%
ROE(5y)22.7%
ROIC(3y)8.47%
ROIC(5y)7.11%
ROICexc(3y)8.84%
ROICexc(5y)7.43%
ROICexgc(3y)20.44%
ROICexgc(5y)17.8%
ROCE(3y)12.41%
ROCE(5y)10.4%
ROICexcg growth 3Y9.43%
ROICexcg growth 5YN/A
ROICexc growth 3Y11.82%
ROICexc growth 5Y13.42%
OM growth 3Y8.14%
OM growth 5Y7.17%
PM growth 3Y-5.22%
PM growth 5Y12.78%
GM growth 3Y3.16%
GM growth 5Y4.26%
F-Score8
Asset Turnover0.73
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.02 | ||
| Debt/FCF | 5 | ||
| Debt/EBITDA | 2.36 | ||
| Cap/Depr | 29.14% | ||
| Cap/Sales | 4.55% | ||
| Interest Coverage | 4.1 | ||
| Cash Conversion | 74.24% | ||
| Profit Quality | 256.86% | ||
| Current Ratio | 0.53 | ||
| Quick Ratio | 0.47 | ||
| Altman-Z | 1.42 |
F-Score8
WACC5.47%
ROIC/WACC1.75
Cap/Depr(3y)41.47%
Cap/Depr(5y)37.55%
Cap/Sales(3y)6.92%
Cap/Sales(5y)6.8%
Profit Quality(3y)245.99%
Profit Quality(5y)361.81%
High Growth Momentum
Growth
EPS 1Y (TTM)22.81%
EPS 3Y3.1%
EPS 5Y-5.06%
EPS Q2Q%-31.82%
EPS Next Y28.21%
EPS Next 2Y23.6%
EPS Next 3Y19.24%
EPS Next 5YN/A
Revenue 1Y (TTM)5.67%
Revenue growth 3Y7.95%
Revenue growth 5Y5.17%
Sales Q2Q%4.86%
Revenue Next Year6.82%
Revenue Next 2Y6.78%
Revenue Next 3Y6.6%
Revenue Next 5Y6.61%
EBIT growth 1Y22.69%
EBIT growth 3Y16.73%
EBIT growth 5Y12.71%
EBIT Next Year121.18%
EBIT Next 3Y37.2%
EBIT Next 5YN/A
FCF growth 1Y30.94%
FCF growth 3Y3.91%
FCF growth 5Y-0.29%
OCF growth 1Y4.15%
OCF growth 3Y2.15%
OCF growth 5Y0.28%