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| 09.08.25 06:34:56 |
United Internet AG (ETR:UTDI) Stock geht stark, aber Fundamentals Look Untain: Was Lies Ahead? |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
Hier ist eine 600-Worte Zusammenfassung des bereitgestellten Textes, die sich auf die finanzielle Leistungsfähigkeit und Bewertung des Vereinigten Internets konzentriert:
**Vereinigte gemischte Leistungs- und Validierungsfragen**
Das Vereinigte Internet (UTDI) hat in den letzten drei Monaten eine beachtliche Bestandssteigerung von 24% erlebt, aber diese Aufwärtsdynamik wird durch Unstimmigkeiten in den wichtigsten Finanzindikatoren des Unternehmens überprüft. Der Kern der Analysezentren rund um Return on Equity (ROE), ein kritisches Maß für die Profitabilität und Effizienz eines Unternehmens.
**Rückkehr auf Aktien (ROE)* *
ROE wird durch die Aufteilung des Nettogewinns eines Unternehmens (aus fortgeführten Geschäften) durch das Eigenkapital seiner Aktionäre berechnet. Diese Quote zeigt, wie effektiv Management nutzt Aktionäre Investitionen, um Gewinne zu generieren. Ein höherer ROE weist in der Regel eine bessere Effizienz auf. Im Fall des Vereinigten Internets liegt der nach zwölf Monaten zurückgelegte ROE bei bescheidenen 4,6% und überträgt auf 0,05 € im Gewinn, der für jedes 1 € an Aktionärskapital verdient wurde.
**ROE in Relation zum Ergebniswachstum*
Die Bedeutung von ROE liegt im Zusammenhang mit dem zukünftigen Ergebniswachstum. Unternehmen mit höherem RÖE und einer Tendenz, einen signifikanten Teil ihrer Gewinne zu halten, werden erwartet, dass höhere Wachstumsraten gegenüber denen mit niedrigeren RÖE und einer höheren Renditequote gezeigt werden.
**Vereinigte Internet-Unterstützung ROE**
Der 4,6 %ige ROE des Vereinigten Internets ist deutlich niedriger als der Branchendurchschnitt von 7,2 %. Darüber hinaus ist das Nettoeinkommen des Unternehmens in den letzten fünf Jahren um 31 % zurückgegangen, was durch seinen relativ niedrigen ROE verstärkt wird. Diese Unterleistung wird wahrscheinlich durch eine hohe Auszahlungsquote verbunden, die möglicherweise durch Wettbewerbsdruck oder ein verschlechterndes Geschäftsumfeld verursacht wird.
**Vergleichswachstum mit ROE**
Der ROE des Unternehmens beschäftigt sich vor allem mit der Betrachtung der breiteren Industrie mit einem robusten Ergebniswachstum von 14 % im gleichen Zeitraum von fünf Jahren. Diese Ungleichheit hebt eine kritische Frage hervor: Ist der aktuelle Aktienpreis angemessen und spiegelt die verhaltenen Wachstumsaussichten des Vereinigten Internets wider?
**Bewertung der erhaltenen Ergebnis* *
Trotz eines normalen dreijährigen Median-Zahlungsverhältnisses von 27% (d.h. einer Retentionsrate von 73%) ist der Gewinnrückgang des Vereinigten Internets schwindel. Das anhaltende Engagement des Unternehmens für Dividendenzahlungen, auch auf Kosten eines potenziellen Wachstums, fügt dieser Besorgnis hinzu. Analysten Prognosen zeigen eine erwartete Erhöhung der Auszahlungsquote auf 39% in den nächsten drei Jahren, was die Fähigkeit des Unternehmens, in Wachstum zu investieren, weiter verringert.
**Valuation Implikationen**
Der entscheidende Rückzug ist, ob der aktuelle Aktienkurs das verhaltene Wachstum des Unternehmens widerspiegelt. Investoren müssen bewerten, ob die aktuelle Marktbewertung für das zurückbleibende ROE des Vereinigten Internet und ein langsameres Ergebniswachstum im Vergleich zur Branche ausmacht. Die Analyse legt nahe, dass der Bestand unterbewertet werden kann, aber nur, wenn der Markt die schwächere Leistung des Unternehmens erkennt.
**Ausschluss* *
Die Geschichte des Vereinigten Internets ist eine von Underperformance im Vergleich zu seinen Branchenkollegen. Der niedrige ROE, kombiniert mit sinkenden Nettoeinkommen und einer Verpflichtung zur Dividendenausschüttung, stellt Fragen zum langfristigen Wachstumspotenzial des Unternehmens. Investoren sollten diese Faktoren sorgfältig prüfen, wenn sie bestimmen, ob der Aktienkurs des Vereinigten Internets eine faire Bewertung darstellt oder ob weiteres Ausfallrisiko besteht. Eine weitere Untersuchung der besonderen Gründe für die Leistung des Unternehmens ist vor der Entscheidung über Investitionen gerechtfertigt. |
| 08.04.25 12:50:14 |
United Internet's (ETR:UTDI) Dividend Will Be Increased To €1.90 |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
The board of United Internet AG (ETR:UTDI) has announced that it will be paying its dividend of €1.90 on the 20th of May, an increased payment from last year's comparable dividend. This takes the annual payment to 2.4% of the current stock price, which is about average for the industry.
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United Internet's Projections Indicate Future Payments May Be Unsustainable
Estimates Indicate United Internet's Could Struggle to Maintain Dividend Payments In The Future
United Internet's Future Dividends May Potentially Be At Risk
Solid dividend yields are great, but they only really help us if the payment is sustainable. United Internet is not generating a profit, but its free cash flows easily cover the dividend, leaving plenty for reinvestment in the business. We generally think that cash flow is more important than accounting measures of profit, so we are fairly comfortable with the dividend at this level.
EPS is forecast to rise very quickly over the next 12 months. If recent patterns in the dividend continues, we would start to get a bit worried, with the payout ratio possibly reaching 380%.XTRA:UTDI Historic Dividend April 8th 2025
See our latest analysis for United Internet
Dividend Volatility
While the company has been paying a dividend for a long time, it has cut the dividend at least once in the last 10 years. Since 2015, the annual payment back then was €0.60, compared to the most recent full-year payment of €0.40. This works out to be a decline of approximately 4.0% per year over that time. A company that decreases its dividend over time generally isn't what we are looking for.
Dividend Growth Potential Is Shaky
Given that the dividend has been cut in the past, we need to check if earnings are growing and if that might lead to stronger dividends in the future. United Internet's EPS has fallen by approximately 23% per year during the past five years. This steep decline can indicate that the business is going through a tough time, which could constrain its ability to pay a larger dividend each year in the future. It's not all bad news though, as the earnings are predicted to rise over the next 12 months - we would just be a bit cautious until this becomes a long term trend.
The Dividend Could Prove To Be Unreliable
Overall, this is probably not a great income stock, even though the dividend is being raised at the moment. The payments haven't been particularly stable and we don't see huge growth potential, but with the dividend well covered by cash flows it could prove to be reliable over the short term. Overall, we don't think this company has the makings of a good income stock.
Story Continues
Market movements attest to how highly valued a consistent dividend policy is compared to one which is more unpredictable. However, there are other things to consider for investors when analysing stock performance. For example, we've picked out 2 warning signs for United Internet that investors should know about before committing capital to this stock. Looking for more high-yielding dividend ideas? Try our collection of strong dividend payers.
Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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| 29.03.25 06:51:23 |
United Internet Full Year 2024 Earnings: EPS Misses Expectations |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
United Internet (ETR:UTDI) Full Year 2024 Results
Key Financial Results
Revenue: €6.33b (up 1.9% from FY 2023). Net loss: €47.6m (down by 120% from €232.7m profit in FY 2023). €0.28 loss per share (down from €1.35 profit in FY 2023).
The end of cancer? These 15 emerging AI stocks are developing tech that will allow early identification of life changing diseases like cancer and Alzheimer's.XTRA:UTDI Earnings and Revenue Growth March 29th 2025
All figures shown in the chart above are for the trailing 12 month (TTM) period
United Internet EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.
Looking ahead, revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Telecom industry in Germany.
Performance of the German Telecom industry.
The company's shares are up 4.2% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 2 warning signs for United Internet you should be aware of.
Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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| 21.03.25 13:29:00 |
Stocks to watch next week: GameStop, Lululemon, Kingfisher, Bellway and Fevertree |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
Next week, several key companies are set to release earnings, offering insight into their performance and future prospects.
GameStop (GME) will report its fourth-quarter results on Tuesday 25 March, with analysts expecting earnings of $0.09 per share and $1.48bn in revenue. The company's stock remains volatile, and investors will watch for updates on its store portfolio and new ventures into autograph authentication.
Kingfisher (KGF.L) will also report on 25 March, with a focus on its full-year results amid rising costs and weak consumer confidence. Investors will look for insights into profitability and performance across its key markets.
Bellway (BWY.L), the UK housebuilder, reports its first-half results on 25 March, with attention on home sales, average selling prices, and updated guidance for the full year.
Lululemon (LULU) will release its fourth-quarter results on 27 March, with strong growth expected, but investors will closely watch whether the company surpasses forecasts.
Read more: Retail investors rush to gold amid record high prices
Fevertree (FEVR.L) reports its full-year results on 25 March, with a focus on its partnership with Molson Coors and near-term profit outlook.
Here's more on what to look out for:
GameStop (GME) — Releases fourth-quarter results on Tuesday 25 March
GameStop (GME) is set to release its quarterly earnings before the market opens on Tuesday 25 March. Analysts predict the meme stock will report earnings of $0.09 per share and revenue of $1.48bn (£1.14bn) for the quarter.
Shares of GameStop saw a significant jump on 10 February, rebounding from their 200-day moving average. The stock surged after GameStop CEO Ryan Cohen posted a photo with MicroStrategy (MSTR) — now Strategy — CEO Michael Saylor. Strategy, known as the largest corporate holder of bitcoin (BTC-USD), sparked speculation on social media that GameStop might be exploring a potential move into the cryptocurrency market.
However, GameStop’s stock remains a volatile player in the meme stock universe, characterised by dramatic ups and downs. The company’s shares have been struggling in recent weeks, falling more than 70% from their all-time high of $120.75, which was reached in January 2021.
Separately, Wedbush reaffirmed an “underperform” rating and issued a $10.00 target price on shares of GameStop in a report from December.
Read more: The best stocks and shares ISA providers ranked by Which?
The company’s most recent earnings report, released on 10 December, painted a mixed picture. GameStop reported sales of $860m and a loss of 6 cents per share, falling short of analysts' expectations of $887.7m in revenue and a loss of 3 cents per share. Despite the disappointing numbers, GameStop's stock rose more than 8% the following day.
Story Continues
In its quarterly report, GameStop also outlined plans for a “comprehensive store portfolio optimization review,” which could lead to the closure of more underperforming locations. The company emphasized that this initiative is part of its strategy to achieve “sustainable profitability” in the future.
Additionally, GameStop has ventured into a new business segment, offering autograph authentication services for trading cards at some of its stores, marking a diversification effort as it adapts to changing market conditions.
NYSE - Delayed Quote•USD
(GME)
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At close: March 20 at 4:00:02 PM EDT Advanced Chart
Lululemon Athletica (LULU) — Releases fourth-quarter results on Thursday 27 March
Lululemon (LULU) is poised to report a year-over-year increase in earnings for the quarter ending January 2025, driven by higher revenues. The widely anticipated consensus outlook suggests positive growth, but how the actual results compare to these estimates could significantly impact the company’s stock price in the near term.
The athletic apparel giant is expected to report quarterly earnings of $5.85 per share, reflecting a +10.6% increase from the same period last year, according to Zacks Investment Research. Revenue is forecast to reach $3.58bn, marking an 11.6% year-over-year increase.
Despite these promising growth figures, Lululemon's stock has cooled in recent weeks. The Canadian retailer’s shares have fallen from $423 at the end of January to just above $325 as of now.
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The upcoming earnings report could be a catalyst for a potential stock rebound if the company surpasses these key estimates. However, if the results fall short, it could drive the stock price lower.
While management's comments on the earnings call will play a crucial role in determining the sustainability of any immediate stock price movements and future earnings outlooks, it is useful to consider the likelihood of a positive earnings surprise.
On 13 January, Lululemon provided a revenue forecast for the fourth quarter, expecting net revenue to range between $3.56bn and $3.58bn. This would represent a solid 11% to 12% growth compared to the same period last year, suggesting a strong finish to the fiscal year.
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At close: March 20 at 4:00:01 PM EDT Advanced Chart
Kingfisher (KGF.L) — Reports full-year results Tuesday 25 March
Kingfisher (KGF.L) will release its full-year financial results on Tuesday 25 March, offering insight into the performance of this leading DIY retailer, which operates major brands like B&Q, Screwfix, Castorama, and Brico Dépôt across the UK, France, and Europe.
The company faces significant challenges, with worries about weak consumer confidence and adverse weather conditions threatening its top-line growth, while rising costs from national insurance contributions, wages, utilities, and raw materials are expected to weigh on profits, according to Russ Mould, AJ Bell (AJB.L) investment director, Danni Hewson, head of financial analysis, and Dan Coatsworth, investment analyst.
Chief executive Thierry Garnier has already highlighted the impact of rising costs, estimating a £31m annual hit in the UK from higher salaries and national insurance contributions. In France, the company faces an additional £14m in costs, stemming from payroll taxes and delays in the abolition of the CVAE sales tax. Despite efforts to find efficiencies, Garnier expects these cost pressures to continue into the financial year to January 2026.
Read more:UK to issue £305bn gilts after spring statement amid record surge in bond trading
The outlook for Kingfisher’s fourth-quarter performance is mixed, with analysts forecasting a 0.2% year-on-year increase in revenues on a like-for-like basis. This is a modest improvement compared to the third quarter, where like-for-like sales dropped 1.1%, though this was an improvement from a 3.8% decline in the previous period. Overall, analysts expect full-year sales to fall by 1% to £12.8 billion, with a modest 2% recovery to £13.3bn in the following year.
A close look at the company's performance across its key markets will be crucial. In the third quarter, Poland saw positive growth with like-for-like sales up by 2.0%, while the UK posted a more modest 0.4% increase. France, however, struggled, with a 2.8% year-on-year decline in sales.
For the year ahead, analysts have adjusted Kingfisher’s profit forecast. They now expect adjusted pre-tax profit for the year to January 2025 to come in at £523m, down from £568m the previous year. Free cash flow is expected to fall to £422 million for fiscal 2025, down from £514m in fiscal 2024, but still sufficient to fund the ongoing share buyback program and maintain dividends. Analysts anticipate a small increase in the dividend, raising it to 12.5p per share from the 12.4p level held steady for the last four years.
Bellway (BWY.L) — Reports first-half results Tuesday 25 March
Bellway (BWY.L) is set to report its first-half results for the six months ending December 2024 on Tuesday 25 March. While UK consumer confidence remains weak, as reflected in the GfK consumer confidence index, the major purchase sub-index has shown some improvement, offering a potential glimmer of hope for Bellway and the wider housebuilding sector.
Bellway's trading update in February already provided a detailed picture, so the first-half results may not offer many surprises, said AJ Bell (AJB.L).
However, analysts and shareholders will be keen to hear updated guidance for the full year through June 2025, with particular focus on key metrics such as:
Completions and average selling prices: CEO Jason Honeyman expects 8,500 home sales for the year, with an average selling price of £310,000 per unit. Operating margins: The company has targeted an underlying operating margin of 11% for the full year, and analysts will be watching closely to see how input costs impact this forecast. Cladding remediation and tall building provisions: Investors will be looking for updates on any further provisions related to cladding remediation and tall buildings, an ongoing issue in the sector. Forward order book and cancellation rates: As of the last update, Bellway's forward order book stood at £1.3bn. Analysts will also look at cancellation rates and weekly reservations per sales outlet, which rose to 0.61 from 0.43 in the same period last year.
Bellway's strong net cash position should help support dividends. Last year, the interim dividend was 16p per share, with a total payout of 54p for the year. This time, analysts expect the full-year dividend to rise to 65p per share.
Fevertree (FEVR.L) – Reports full-year results Tuesday 25 March
For the full year 2024, Fevertree (FEVR.L) is expecting total revenue to come in at around £360m, an increase of 4% to 5%. The company also anticipates an improvement of 600 basis points in its gross margin. This positive outlook comes alongside a strategic deal signed in January with Molson Coors (TAP), which acquired an 8.5% stake in Fevertree. The £71m raised through the deal was returned to shareholders through a share buyback program.
Aarin Chiekrie, equity analyst at Hargreaves Lansdown (HL.L), noted that the partnership with Molson Coors is seen as a significant strategic move. In exchange for the stake, Fevertree gains access to Molson Coors’ extensive production, distribution, and marketing resources. The hope is that this partnership will help Fevertree accelerate its growth in the US, which has already become its largest market.
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While the company is expected to see a sharp rebound in profits for 2024, the focus for investors will be on guidance for 2025 and beyond. Despite the long-term optimism surrounding the Molson Coors partnership, near-term profit expectations remain cautious, with increased marketing spending and potential operational challenges on the horizon.
“Investors are positive about the partnership’s long-term prospects, but near-term profit expectations are weak as marketing spending ramps up and operational creases will likely need to be ironed out. There’s a lot of work to be done and some disappointments along the way can’t be ruled out,” Chiekrie said.
Other companies reporting next week include:
Monday 24 March
S4 Capital (SFOR.L)
Caledonia Mining (CMCL.L)
BYD (1211.HK)
Fincantieri (FCT.MI)
Tuesday 25 March
AG Barr BAG.L)
Henry Boot (BOOT.L)
Tullow Oil (TLW.L)
WAG Payment Systems (WPS.L)
Mission Group (TMG.L)
Xaar (XAR.L)
Michelmersh Brick (MPO.MU)
Gamma Communications (GAMA.L)
IP Group (IPO.L)
Ashtead Technology (AT.L)
Smiths Group (SMIN.L)
China Telecom (0728.HK)
McCormick (MKC-V)
Wednesday 26 March
Vistry (VTY.L)
Evoke (EVOK.L)
Kenmare Resources (KMR.L)
Team17 (TSVNF)
Virgin Wines (VINO.L)
Bank of China (601398.SS)
China Life (1336.HK)
Dollar Tree (DLTR)
Chewy (CHWY)
Thursday 27 March
Playtech (PTEC.L)
Franchise Brands (FRAN.L)
EnQuest (ENQ.L)
M&C Saatchi (SAA.L)
Capricorn Energy (CNE.L)
CNOOC (600938.SS)
H&M (HM-B.ST)
United Internet (UTDI.DE)
Jungheinrich (JUN3.DE)
Walgreens Boots Alliance (WBA)
Friday 28 March
ICBC (1398.HK)
Air China (0753.HK)
Great Wall Motor (2333.HK)
You can read Yahoo Finance's full calendar here.
Download the Yahoo Finance app, available for Apple and Android.
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| 07.03.25 09:58:57 |
United Internet (ETR:UTDI) shareholders are up 6.7% this past week, but still in the red over the last three years |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
United Internet AG (ETR:UTDI) shareholders should be happy to see the share price up 19% in the last month. But that doesn't change the fact that the returns over the last three years have been less than pleasing. After all, the share price is down 33% in the last three years, significantly under-performing the market.
Although the past week has been more reassuring for shareholders, they're still in the red over the last three years, so let's see if the underlying business has been responsible for the decline.
Check out our latest analysis for United Internet
While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.
United Internet saw its share price decline over the three years in which its EPS also dropped, falling to a loss. This was, in part, due to extraordinary items impacting earnings. Since the company has fallen to a loss making position, it's hard to compare the change in EPS with the share price change. But it's safe to say we'd generally expect the share price to be lower as a result!
The image below shows how EPS has tracked over time (if you click on the image you can see greater detail).XTRA:UTDI Earnings Per Share Growth March 7th 2025
It might be well worthwhile taking a look at our freereport on United Internet's earnings, revenue and cash flow.
What About Dividends?
When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. We note that for United Internet the TSR over the last 3 years was -28%, which is better than the share price return mentioned above. And there's no prize for guessing that the dividend payments largely explain the divergence!
A Different Perspective
While the broader market gained around 22% in the last year, United Internet shareholders lost 15% (even including dividends). However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. Unfortunately, last year's performance may indicate unresolved challenges, given that it was worse than the annualised loss of 0.8% over the last half decade. We realise that Baron Rothschild has said investors should "buy when there is blood on the streets", but we caution that investors should first be sure they are buying a high quality business. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. Take risks, for example - United Internet has 2 warning signs (and 1 which is a bit unpleasant) we think you should know about.
Story Continues
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this freelist of companies that have proven they can grow earnings.
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on German exchanges.
Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
View Comments |
| 02.02.25 07:15:47 |
The recent 7.0% gain must have brightened CEO Ralph Dommermuth's week, United Internet AG's (ETR:UTDI) most bullish insider |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
Key Insights
Insiders appear to have a vested interest in United Internet's growth, as seen by their sizeable ownership Ralph Dommermuth owns 54% of the company Institutional ownership in United Internet is 23%
A look at the shareholders of United Internet AG (ETR:UTDI) can tell us which group is most powerful. With 54% stake, individual insiders possess the maximum shares in the company. In other words, the group stands to gain the most (or lose the most) from their investment into the company.
Clearly, insiders benefitted the most after the company's market cap rose by €183m last week.
Let's delve deeper into each type of owner of United Internet, beginning with the chart below.
See our latest analysis for United Internet XTRA:UTDI Ownership Breakdown February 2nd 2025
What Does The Institutional Ownership Tell Us About United Internet?
Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index.
United Internet already has institutions on the share registry. Indeed, they own a respectable stake in the company. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at United Internet's earnings history below. Of course, the future is what really matters.XTRA:UTDI Earnings and Revenue Growth February 2nd 2025
Our data indicates that hedge funds own 6.7% of United Internet. That catches my attention because hedge funds sometimes try to influence management, or bring about changes that will create near term value for shareholders. With a 54% stake, CEO Ralph Dommermuth is the largest shareholder. With such a huge stake, we infer that they have significant control of the future of the company. It's usually considered a good sign when insiders own a significant number of shares in the company, and in this case, we're glad to see a company insider with such skin in the game. For context, the second largest shareholder holds about 6.7% of the shares outstanding, followed by an ownership of 5.5% by the third-largest shareholder.
While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too.
Story Continues
Insider Ownership Of United Internet
The definition of an insider can differ slightly between different countries, but members of the board of directors always count. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves.
Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.
Our most recent data indicates that insiders own the majority of United Internet AG. This means they can collectively make decisions for the company. Insiders own €1.5b worth of shares in the €2.8b company. That's extraordinary! Most would argue this is a positive, showing strong alignment with shareholders. You can click here to see if they have been selling down their stake.
General Public Ownership
The general public-- including retail investors -- own 16% stake in the company, and hence can't easily be ignored. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies.
Next Steps:
It's always worth thinking about the different groups who own shares in a company. But to understand United Internet better, we need to consider many other factors. For instance, we've identified 2 warning signs for United Internet (1 can't be ignored) that you should be aware of.
If you would prefer discover what analysts are predicting in terms of future growth, do not miss this freereport on analyst forecasts.
NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.
Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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| 28.09.24 06:46:56 |
United Internet (ETR:UTDI) investors are sitting on a loss of 39% if they invested five years ago |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
The main aim of stock picking is to find the market-beating stocks. But every investor is virtually certain to have both over-performing and under-performing stocks. At this point some shareholders may be questioning their investment in United Internet AG (ETR:UTDI), since the last five years saw the share price fall 45%.
With that in mind, it's worth seeing if the company's underlying fundamentals have been the driver of long term performance, or if there are some discrepancies.
Check out our latest analysis for United Internet
To quote Buffett, 'Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace...' One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.
Looking back five years, both United Internet's share price and EPS declined; the latter at a rate of 30% per year. This fall in the EPS is worse than the 11% compound annual share price fall. So the market may previously have expected a drop, or else it expects the situation will improve. The high P/E ratio of 125.02 suggests that shareholders believe earnings will grow in the years ahead.
The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image). earnings-per-share-growth
Dive deeper into United Internet's key metrics by checking this interactive graph of United Internet's earnings, revenue and cash flow.
What About Dividends?
As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. As it happens, United Internet's TSR for the last 5 years was -39%, which exceeds the share price return mentioned earlier. And there's no prize for guessing that the dividend payments largely explain the divergence!
A Different Perspective
Investors in United Internet had a tough year, with a total loss of 6.5% (including dividends), against a market gain of about 17%. Even the share prices of good stocks drop sometimes, but we want to see improvements in the fundamental metrics of a business, before getting too interested. However, the loss over the last year isn't as bad as the 7% per annum loss investors have suffered over the last half decade. We would want clear information suggesting the company will grow, before taking the view that the share price will stabilize. It's always interesting to track share price performance over the longer term. But to understand United Internet better, we need to consider many other factors. Even so, be aware that United Internet is showing 3 warning signs in our investment analysis, and 1 of those is significant...
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Of course United Internet may not be the best stock to buy. So you may wish to see this freecollection of growth stocks.
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on German exchanges.
Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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| 25.08.24 08:51:58 |
Ralph Dommermuth United Internet AG's (ETR:UTDI) CEO is the most bullish insider, and their stock value gained 4.1%last week |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
Key Insights
United Internet's significant insider ownership suggests inherent interests in company's expansion The largest shareholder of the company is Ralph Dommermuth with a 54% stake 24% of United Internet is held by Institutions
Every investor in United Internet AG (ETR:UTDI) should be aware of the most powerful shareholder groups. And the group that holds the biggest piece of the pie are individual insiders with 54% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company.
As a result, insiders scored the highest last week as the company hit €3.3b market cap following a 4.1% gain in the stock.
In the chart below, we zoom in on the different ownership groups of United Internet.
See our latest analysis for United Internet ownership-breakdown
What Does The Institutional Ownership Tell Us About United Internet?
Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index.
As you can see, institutional investors have a fair amount of stake in United Internet. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see United Internet's historic earnings and revenue below, but keep in mind there's always more to the story. earnings-and-revenue-growth
United Internet is not owned by hedge funds. The company's CEO Ralph Dommermuth is the largest shareholder with 54% of shares outstanding. This implies that they possess majority interests and have significant control over the company. Investors usually consider it a good sign when the company leadership has such a significant stake, as this is widely perceived to increase the chance that the management will act in the best interests of the company. With 5.5% and 3.3% of the shares outstanding respectively, Bank of America Corporation, Asset Management Arm and Wellington Management Group LLP are the second and third largest shareholders.
While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future.
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Insider Ownership Of United Internet
While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves.
Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.
It seems that insiders own more than half the United Internet AG stock. This gives them a lot of power. That means insiders have a very meaningful €1.8b stake in this €3.3b business. It is good to see this level of investment. You can check here to see if those insiders have been selling any of their shares.
General Public Ownership
The general public, who are usually individual investors, hold a 22% stake in United Internet. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies.
Next Steps:
It's always worth thinking about the different groups who own shares in a company. But to understand United Internet better, we need to consider many other factors. Take risks for example - United Internet has 3 warning signs (and 1 which is significant) we think you should know about.
Ultimately the future is most important. You can access this freereport on analyst forecasts for the company.
NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.
Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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| 28.06.24 06:00:57 |
United Internet AG (ETR:UTDI) Shares Could Be 31% Above Their Intrinsic Value Estimate |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
Key Insights
United Internet's estimated fair value is €15.22 based on Dividend Discount Model Current share price of €20.00 suggests United Internet is potentially 31% overvalued Our fair value estimate is 47% lower than United Internet's analyst price target of €28.85
Does the June share price for United Internet AG (ETR:UTDI) reflect what it's really worth? Today, we will estimate the stock's intrinsic value by taking the expected future cash flows and discounting them to their present value. The Discounted Cash Flow (DCF) model is the tool we will apply to do this. Before you think you won't be able to understand it, just read on! It's actually much less complex than you'd imagine.
We would caution that there are many ways of valuing a company and, like the DCF, each technique has advantages and disadvantages in certain scenarios. If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model.
See our latest analysis for United Internet
Crunching The Numbers
As United Internet operates in the telecom sector, we need to calculate the intrinsic value slightly differently. Instead of using free cash flows, which are hard to estimate and often not reported by analysts in this industry, dividends per share (DPS) payments are used. Unless a company pays out the majority of its FCF as a dividend, this method will typically underestimate the value of the stock. We use the Gordon Growth Model, which assumes dividend will grow into perpetuity at a rate that can be sustained. The dividend is expected to grow at an annual growth rate equal to the 5-year average of the 10-year government bond yield of 0.7%. We then discount this figure to today's value at a cost of equity of 4.4%. Relative to the current share price of €20.0, the company appears reasonably expensive at the time of writing. The assumptions in any calculation have a big impact on the valuation, so it is better to view this as a rough estimate, not precise down to the last cent.
Value Per Share = Expected Dividend Per Share / (Discount Rate - Perpetual Growth Rate)
= €0.6 / (4.4% – 0.7%)
= €15.2 dcf
The Assumptions
Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows. Part of investing is coming up with your own evaluation of a company's future performance, so try the calculation yourself and check your own assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at United Internet as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 4.4%, which is based on a levered beta of 0.800. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business.
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SWOT Analysis for United Internet
Strength
Debt is well covered by earnings and cashflows.
Weakness
Earnings declined over the past year.
Dividend is low compared to the top 25% of dividend payers in the Telecom market.
Opportunity
Annual earnings are forecast to grow faster than the German market.
Good value based on P/E ratio compared to estimated Fair P/E ratio.
Threat
Paying a dividend but company has no free cash flows.
Annual revenue is forecast to grow slower than the German market.
Looking Ahead:
Although the valuation of a company is important, it shouldn't be the only metric you look at when researching a company. It's not possible to obtain a foolproof valuation with a DCF model. Preferably you'd apply different cases and assumptions and see how they would impact the company's valuation. If a company grows at a different rate, or if its cost of equity or risk free rate changes sharply, the output can look very different. Can we work out why the company is trading at a premium to intrinsic value? For United Internet, we've put together three further items you should look at:
Risks: Be aware that United Internet is showing 3 warning signs in our investment analysis, you should know about... Future Earnings: How does UTDI's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart. Other Solid Businesses: Low debt, high returns on equity and good past performance are fundamental to a strong business. Why not explore our interactive list of stocks with solid business fundamentals to see if there are other companies you may not have considered!
PS. The Simply Wall St app conducts a discounted cash flow valuation for every stock on the XTRA every day. If you want to find the calculation for other stocks just search here.
Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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| 07.06.24 08:32:37 |
United Internet (ETR:UTDI) May Have Issues Allocating Its Capital |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for? In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. Although, when we looked at United Internet (ETR:UTDI), it didn't seem to tick all of these boxes.
Understanding Return On Capital Employed (ROCE)
Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. The formula for this calculation on United Internet is:
Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)
0.079 = €755m ÷ (€11b - €1.9b) (Based on the trailing twelve months to March 2024).
So, United Internet has an ROCE of 7.9%. In absolute terms, that's a low return but it's around the Telecom industry average of 6.6%.
See our latest analysis for United Internet roce
Above you can see how the current ROCE for United Internet compares to its prior returns on capital, but there's only so much you can tell from the past. If you're interested, you can view the analysts predictions in our freeanalyst report for United Internet .
What Does the ROCE Trend For United Internet Tell Us?
When we looked at the ROCE trend at United Internet, we didn't gain much confidence. Over the last five years, returns on capital have decreased to 7.9% from 12% five years ago. However it looks like United Internet might be reinvesting for long term growth because while capital employed has increased, the company's sales haven't changed much in the last 12 months. It's worth keeping an eye on the company's earnings from here on to see if these investments do end up contributing to the bottom line.
The Bottom Line On United Internet's ROCE
In summary, United Internet is reinvesting funds back into the business for growth but unfortunately it looks like sales haven't increased much just yet. Since the stock has declined 22% over the last five years, investors may not be too optimistic on this trend improving either. On the whole, we aren't too inspired by the underlying trends and we think there may be better chances of finding a multi-bagger elsewhere.
On a separate note, we've found 3 warning signs for United Internet you'll probably want to know about.
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While United Internet isn't earning the highest return, check out this freelist of companies that are earning high returns on equity with solid balance sheets.
Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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