SHW AG

SHW AG is a Germany-based automobile supplier. The Company operates two business segments: Pumps and Engine Components, and Brake Discs. The Pumps and Engine Components segment produces pumps for different application sectors including oil pumps for combustion engines, pumps for automatic gearboxes, vacuum pumps, water pumps, camshaft phases, balancer shafts, diesel fuel pumps and electric motor pumps for the applications in passenger vehicles, as well as manufactures various pumps for trucks, agricultural and construction vehicles, as well as stationary engines and wind power stations for the Truck & Off-Highway applications. The Brake Discs segment develops and produces monobloc ventilated brake disc made from cast iron, as well as lightweight brake discs made from a combination of an iron friction ring and aluminum plot. The Company is also involved in the Research and Development with aim to reduce the carbon dioxide reduction, among others.

Executive
Frank Boshoff
Full List of Officers

Klaus Rinnerberger
Chairman of the Supervisory Board

Frank Boshoff
Chief Executive Officer, Member of the Management Board
Start date: 2015-7-1

Martin Simon
Member of the Management Board, Chief Financial Officer
Start date: 2016-9-1

Andreas Rydzewski
Member of the Management Board
Start date: 2011-2-28

Joerg Franke
Member of the Supervisory Board

Kristin Hegner-Cordes
Member of the Supervisory Board

Edgar Kuehn
Member of the Supervisory Board

Eugen Maucher
Member of the Supervisory Board

Date of incorporation
Country of incorporation DEU
Phone +49 7422 5120
Fax +49 7422 512399
Investor relations contact

+49 7361 502462

Free float 2654440
Security description Common Stock
Main venue XETRA
Ticker at main venue SW1
Location

Wilhelmstrasse 67
73433 Aalen

Share price
/
 
Earnings per share
=
17.77
(
 
Share price
x
 
Shares
+
 
Net debt
) /
 
EBIT
=
INF
Price
x
 
Shares
/
 
Net Sales
=
0.56
(
 
Share price
x
 
Shares
+
 
Net debt
) /
 
Net sales
=
0.62
Price
x
 
Shares
/
 
Own capital
=
1.87
Earnings per share
x
 
Shares
/
 
Own capital
=
0.11%
Dividend per share
/
 
Price
=
-0.03%
2017 2016 2015 2014 2013
Income statement
Revenue 400.58 405.77 463.48 430.04 365.64
Other Revenue, Total
Total Revenue 400.58 405.77 463.48 430.04 365.64
Revenue Change -1.3% -12.5% 7.8% 17.6% 12.4%
Cost of Revenue, Total 351.06 359.86 416.30 389.13 324.16
Gross Profit 49.52 45.91 47.18 40.91 41.48
Selling/General/Admin. Expenses, Total 28.33 23.16 20.51 16.00 14.05
EBITDA 26.84 27.64 24.16 28.15
EBITDA margin (%) 6.6% 6% 5.6% 7.7%
Research & Development 11.14 7.90 7.51 7.59 7.55
Depreciation/Amortization
Interest Exp.(Inc.),Net-Operating, Total
Unusual Expense (Income) -0.02 -0.23 0.43 0.83
Other Operating Expenses, Total -7.45 -4.07 -0.73 0.32 -1.55
Total Operating Expense 383.08 386.83 443.35 413.47 345.03
Operating Income 17.50 18.94 20.13 16.58 20.61
EBIT margin (%)
Interest Inc.(Exp.),Net-Non-Op., Total
Gain (Loss) on Sale of Assets
Other, Net -0.44 -0.56 -0.49 -0.74 -0.69
Net Income Before Taxes 15.12 17.95 20.26 14.77 18.92
Provision for Income Taxes 4.96 5.15 5.91 4.09 5.53
Net Income After Taxes 10.16 12.81 14.35 10.68 13.40
Minority Interest
Equity In Affiliates
U.S. GAAP Adjustment
Net Income Before Extra. Items 10.16 12.81 14.35 10.68 13.40
Total Extraordinary Items 0.00
Net Income 10.16 12.81 14.35 10.68 13.40
Total Adjustments to Net Income
Income Available to Com Excl ExtraOrd 10.16 12.81 14.35 10.68 13.40
Income Available to Com Incl ExtraOrd 10.16 12.81 14.35 10.68 13.40
Dilution Adjustment
Diluted Net Income 10.16 12.81 14.35 10.68 13.40
Diluted Weighted Average Shares 6.44 6.43 6.35 5.85 5.85
Diluted EPS Excluding ExtraOrd Items 1.58 1.99 2.26 1.83 2.29
DPS - Common Stock Primary Issue 0.50 1.00 1.00 1.00 1.00
Diluted Normalized EPS 1.58 1.99 2.23 2.59 2.43
Balance sheet
Cash
Cash & Equivalents 3.87 3.62 14.81 0.29 2.84
Short Term Investments 16.31 0.14 0.40
Cash and Short Term Investments 20.18 3.75 15.22 0.29 2.84
Accounts Receivable - Trade, Net 45.83 37.97 34.39 44.66 40.58
Total Receivables, Net 45.83 39.94 37.08 45.81 41.84
Total Inventory 45.52 46.38 41.63 42.38 39.19
Prepaid Expenses
Other Current Assets, Total 5.37 1.23 1.07 1.99 2.23
Total Current Assets 116.89 91.31 95.00 90.48 86.10
Property/Plant/Equipment, Total - Gross 249.77 219.84 199.82 183.63 152.75
Accumulated Depreciation, Total -135.60 -122.99 -105.01 -91.29 -77.97
Property/Plant/Equipment, Total - Net 114.17 96.85 94.81 92.35 74.78
Goodwill, Net 7.44 7.06 7.06 7.06 7.06
Intangibles, Net 8.43 9.26 11.35 13.01 14.21
Long Term Investments 0.29 16.71 17.01 0.91 0.66
Note Receivable - Long Term
Other Long Term Assets, Total 8.88 6.75 5.25 5.70 2.99
Total Assets 256.10 227.93 230.46 209.49 185.79
Accounts Payable 46.35 34.80 43.48 56.16 47.88
Payable/Accrued
Accrued Expenses
Notes Payable/Short Term Debt 0.00 0.00 0.00 0.00 0.00
Current Port. of LT Debt/Capital Leases 20.77 1.99 1.19 12.16 2.04
Other Current liabilities, Total 23.72 33.24 26.92 18.86 17.96
Total Current Liabilities 90.85 70.04 71.59 87.19 67.88
Long Term Debt 2.59 0.11 1.30 2.49 3.68
Capital Lease Obligations 1.30 0.89
Total Long Term Debt 3.90 1.00 1.30 2.49 3.68
Total Debt 24.67 2.99 2.49 14.65 5.72
Deferred Income Tax 2.25 2.45 3.24 3.46 3.62
Minority Interest
Other Liabilities, Total 34.21 33.10 38.10 31.86 28.08
Total Liabilities 131.19 106.58 114.22 124.98 103.26
Redeemable Preferred Stock, Total
Preferred Stock - Non Redeemable, Net
Common Stock, Total 6.44 6.44 6.44 5.85 5.85
Additional Paid-In Capital
Retained Earnings (Accumulated Deficit) 118.47 114.91 109.80 78.66 76.68
Treasury Stock - Common
ESOP Debt Guarantee
Unrealized Gain (Loss)
Other Equity, Total
Total Equity 124.90 121.35 116.24 84.51 82.53
Total Liabilities & Shareholders Equity 256.10 227.93 230.46 209.49 185.79
Total Common Shares Outstanding 6.44 6.44 6.44 5.85 5.85
Total Preferred Shares Outstanding
Tangible Book Value per Share, Common Eq 16.94 16.32 15.20 11.01 10.47
Cashflow
Net Income/Starting Line 10.16 12.81 14.35 10.68 13.40
Depreciation/Depletion 23.77 24.62 22.54 18.25 14.17
Amortization
Deferred Taxes -0.77 -0.77 -0.33 -0.84 0.61
Non-Cash Items 2.34 -0.40 4.67 3.66 -1.29
Changes in Working Capital -4.06 -15.47 -0.31 -1.86 4.06
Cash from Operating Activities 31.43 20.78 40.92 29.89 30.95
Capital Expenditure -32.19 -25.02 -23.12 -35.26 -30.02
Other Investing Cash Flow Items, Total -9.12 0.23 -8.72 -0.26 0.07
Cash from Investing Activities -41.31 -24.79 -31.84 -35.52 -29.96
Financing Cash Flow Items -0.12 0.00 -0.08
Total Cash Dividends Paid -6.44 -6.44 -6.44 -5.85 -23.40
Issuance (Retirement) of Stock, Net 0.00 24.21
Issuance (Retirement) of Debt, Net 16.79 -0.64 -12.16 8.93 5.72
Cash from Financing Activities 10.36 -7.07 5.50 3.08 -17.77
Foreign Exchange Effects -0.23 -0.12 -0.06 0.01 -0.02
Net Change in Cash 0.25 -11.20 14.52 -2.55 -16.79
Cash Interest Paid 1.25 0.37 0.46 0.66 0.60
Cash Taxes Paid 7.21 6.39 4.92 5.69 4.73
Values are in EUR and expressed in million