Reported Earnings • May 15
First quarter 2026 earnings released: EPS: €0.03 (vs €0.096 in 1Q 2025) First quarter 2026 results: EPS: €0.03 (down from €0.096 in 1Q 2025). Revenue: €117.9m (up 8.8% from 1Q 2025). Net income: €428.0k (down 69% from 1Q 2025). Profit margin: 0.4% (down from 1.3% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Declared Dividend • May 07
Dividend reduced to €0.75 Dividend of €0.75 is 25% lower than last year. Ex-date: 15th June 2026 Payment date: 17th June 2026 Dividend yield will be 3.6%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is not covered by earnings (125% earnings payout ratio). However, it is covered by cash flows (72% cash payout ratio). The dividend has increased by an average of 1.4% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 39% to bring the payout ratio under control. EPS is expected to grow by 73% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Announcement • May 07
OVB Holding AG announces Annual dividend, payable on June 17, 2026 OVB Holding AG announced Annual dividend of EUR 0.7500 per share payable on June 17, 2026, ex-date on June 15, 2026 and record date on June 16, 2026. Announcement • May 06
OVB Holding AG, Annual General Meeting, Jun 12, 2026 OVB Holding AG, Annual General Meeting, Jun 12, 2026, at 10:00 W. Europe Standard Time. Reported Earnings • Mar 27
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: €0.60 (down from €1.35 in FY 2024). Revenue: €454.2m (up 11% from FY 2024). Net income: €8.57m (down 55% from FY 2024). Profit margin: 1.9% (down from 4.7% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 20%. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 1% per year. Announcement • Jan 17
OVB Holding AG to Report Fiscal Year 2025 Results on Mar 26, 2026 OVB Holding AG announced that they will report fiscal year 2025 results on Mar 26, 2026 Reported Earnings • Nov 02
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: €0.18 (down from €0.29 in 3Q 2024). Revenue: €113.2m (up 14% from 3Q 2024). Net income: €2.61m (down 36% from 3Q 2024). Profit margin: 2.3% (down from 4.1% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Oct 07
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to €19.50. The fair value is estimated to be €24.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.8% over the last 3 years. Earnings per share has grown by 9.5%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 39% in the next 2 years. Reported Earnings • Aug 11
Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2025 results: EPS: €0.11 (down from €0.34 in 2Q 2024). Revenue: €112.4m (up 10% from 2Q 2024). Net income: €1.57m (down 68% from 2Q 2024). Profit margin: 1.4% (down from 4.8% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.1%. Earnings per share (EPS) missed analyst estimates by 63%. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. New Risk • Aug 11
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 110% Cash payout ratio: 99% Dividend yield: 4.7% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 110% Cash payout ratio: 99% Minor Risk Profit margins are more than 30% lower than last year (3.0% net profit margin). Major Estimate Revision • Aug 10
Consensus EPS estimates fall by 37%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from €449.3m to €456.9m. EPS estimate fell from €1.22 to €0.77 per share. Net income forecast to shrink 22% next year vs 21% growth forecast for Capital Markets industry in Germany . Consensus price target down from €27.50 to €24.50. Share price fell 2.8% to €21.20 over the past week. Upcoming Dividend • Jun 12
Upcoming dividend of €1.00 per share Eligible shareholders must have bought the stock before 19 June 2025. Payment date: 24 June 2025. Payout ratio is on the higher end at 88%, however this is supported by cash flows. Trailing yield: 4.3%. Within top quartile of German dividend payers (4.3%). Higher than average of industry peers (2.4%). Declared Dividend • May 12
Dividend of €1.00 announced Shareholders will receive a dividend of €1.00. Ex-date: 19th June 2025 Payment date: 24th June 2025 Dividend yield will be 4.5%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (88% earnings payout ratio) and cash flows (64% cash payout ratio). The dividend has increased by an average of 5.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 29% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 12
OVB Holding AG, Annual General Meeting, Jun 18, 2025 OVB Holding AG, Annual General Meeting, Jun 18, 2025, at 10:00 W. Europe Standard Time. Reported Earnings • May 09
First quarter 2025 earnings released: EPS: €0.10 (vs €0.31 in 1Q 2024) First quarter 2025 results: EPS: €0.10 (down from €0.31 in 1Q 2024). Revenue: €108.3m (up 12% from 1Q 2024). Net income: €1.40m (down 68% from 1Q 2024). Profit margin: 1.3% (down from 4.5% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Apr 22
Now 20% undervalued Over the last 90 days, the stock has risen 14% to €22.40. The fair value is estimated to be €28.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.7% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 5.3% per annum. Earnings are also forecast to grow by 3.5% per annum over the same time period. Reported Earnings • Nov 08
Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2024 results: EPS: €0.29 (up from €0.27 in 3Q 2023). Revenue: €99.5m (up 11% from 3Q 2023). Net income: €4.09m (up 7.0% from 3Q 2023). Profit margin: 4.1% (down from 4.3% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) missed analyst estimates by 2.4%. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Major Estimate Revision • Aug 23
Consensus EPS estimates increase by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from €392.9m to €402.3m. EPS estimate increased from €1.10 to €1.22 per share. Net income forecast to shrink 2.7% next year vs 25% growth forecast for Capital Markets industry in Germany . Consensus price target broadly unchanged at €26.50. Share price was steady at €19.10 over the past week. Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: €0.34 (vs €0.21 in 2Q 2023) Second quarter 2024 results: EPS: €0.34 (up from €0.21 in 2Q 2023). Revenue: €104.6m (up 20% from 2Q 2023). Net income: €4.84m (up 63% from 2Q 2023). Profit margin: 4.6% (up from 3.4% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Price Target Changed • Aug 14
Price target increased by 11% to €26.00 Up from €23.50, the current price target is an average from 2 analysts. New target price is 39% above last closing price of €18.70. Stock is down 16% over the past year. The company is forecast to post earnings per share of €1.10 for next year compared to €1.00 last year. Upcoming Dividend • Jun 06
Upcoming dividend of €0.90 per share Eligible shareholders must have bought the stock before 13 June 2024. Payment date: 17 June 2024. Payout ratio is on the higher end at 78%, and the cash payout ratio is above 100%. Trailing yield: 4.5%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (2.7%). Reported Earnings • May 09
First quarter 2024 earnings released: EPS: €0.31 (vs €0.16 in 1Q 2023) First quarter 2024 results: EPS: €0.31 (up from €0.16 in 1Q 2023). Revenue: €99.6m (up 20% from 1Q 2023). Net income: €4.39m (up 87% from 1Q 2023). Profit margin: 4.4% (up from 2.8% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has fallen by 1% per year. Declared Dividend • May 01
Dividend of €0.90 announced Dividend of €0.90 is the same as last year. Ex-date: 13th June 2024 Payment date: 17th June 2024 Dividend yield will be 4.5%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (89.6% earnings payout ratio) but not covered by cash flows (129% cash payout ratio). The dividend has increased by an average of 5.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share is expected to grow by 29% over the next 3 years, which should maintain adequate earnings cover for the dividend. Major Estimate Revision • Mar 24
Consensus EPS estimates fall by 32%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from €382.3m to €391.2m. EPS estimate fell from €1.51 to €1.03 per share. Net income forecast to shrink 1.7% next year vs 16% growth forecast for Capital Markets industry in Germany . Consensus price target of €25.00 unchanged from last update. Share price was steady at €19.70 over the past week. Buying Opportunity • Dec 05
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 20%. The fair value is estimated to be €21.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.1% over the last 3 years. Earnings per share has grown by 4.4%. Revenue is forecast to grow by 13% in 2 years. Earnings is forecast to grow by 61% in the next 2 years. Reported Earnings • Nov 09
Third quarter 2023 earnings released: EPS: €0.27 (vs €0.20 in 3Q 2022) Third quarter 2023 results: EPS: €0.27 (up from €0.20 in 3Q 2022). Revenue: €91.7m (up 18% from 3Q 2022). Net income: €3.83m (up 31% from 3Q 2022). Profit margin: 4.2% (up from 3.8% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 3% per year. Reported Earnings • Aug 13
Second quarter 2023 earnings released: EPS: €0.21 (vs €0.20 in 2Q 2022) Second quarter 2023 results: EPS: €0.21 (up from €0.20 in 2Q 2022). Revenue: €87.2m (up 2.0% from 2Q 2022). Net income: €2.97m (up 6.1% from 2Q 2022). Profit margin: 3.4% (up from 3.3% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 9% per year. Upcoming Dividend • Jun 08
Upcoming dividend of €0.90 per share at 3.6% yield Eligible shareholders must have bought the stock before 15 June 2023. Payment date: 19 June 2023. Payout ratio is on the higher end at 94%, and the cash payout ratio is above 100%. Trailing yield: 3.6%. Lower than top quartile of German dividend payers (4.6%). Higher than average of industry peers (3.0%). Reported Earnings • May 09
First quarter 2023 earnings released: EPS: €0.16 (vs €0.24 in 1Q 2022) First quarter 2023 results: EPS: €0.16 (down from €0.24 in 1Q 2022). Revenue: €87.6m (up 4.0% from 1Q 2022). Net income: €2.34m (down 32% from 1Q 2022). Profit margin: 2.7% (down from 4.1% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • Apr 27
Consensus EPS estimates increase by 12% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from €0.877 to €0.982. Revenue forecast steady at €351.0m. Net income forecast to shrink 4.6% next year vs 8.1% decline forecast for Capital Markets industry in Germany. Consensus price target of €23.50 unchanged from last update. Share price fell 2.5% to €23.80 over the past week. Major Estimate Revision • Apr 25
Consensus EPS estimates increase by 12% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from €0.877 to €0.982. Revenue forecast steady at €351.0m. Net income forecast to shrink 4.6% next year vs 14% decline forecast for Capital Markets industry in Germany. Consensus price target of €23.50 unchanged from last update. Share price was steady at €23.80 over the past week. Reported Earnings • Mar 30
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: €1.03 (down from €1.10 in FY 2021). Revenue: €346.9m (up 8.1% from FY 2021). Net income: €14.7m (down 6.6% from FY 2021). Profit margin: 4.2% (down from 4.9% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) missed analyst estimates by 7.7%. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Dec 30
OVB Holding AG, Annual General Meeting, Jun 14, 2023 OVB Holding AG, Annual General Meeting, Jun 14, 2023. Price Target Changed • Nov 16
Price target decreased to €25.50 Down from €28.00, the current price target is an average from 2 analysts. New target price is 11% above last closing price of €23.00. Stock is down 5.7% over the past year. The company is forecast to post earnings per share of €1.12 for next year compared to €1.10 last year. Reported Earnings • Aug 20
Second quarter 2022 earnings released: EPS: €0.20 (vs €0.34 in 2Q 2021) Second quarter 2022 results: EPS: €0.20 (down from €0.34 in 2Q 2021). Revenue: €85.5m (up 6.2% from 2Q 2021). Net income: €2.80m (down 43% from 2Q 2021). Profit margin: 3.3% (down from 6.1% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 5.6% compared to a 3.2% decline forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jun 09
Upcoming dividend of €0.90 per share Eligible shareholders must have bought the stock before 16 June 2022. Payment date: 21 June 2022. Payout ratio is on the higher end at 89%, however this is supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (4.2%). In line with average of industry peers (2.9%). Reported Earnings • Nov 11
Third quarter 2021 earnings released: EPS €0.19 (vs €0.20 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: €75.0m (up 16% from 3Q 2020). Net income: €2.74m (down 2.1% from 3Q 2020). Profit margin: 3.6% (down from 4.3% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 15% per year. Reported Earnings • Aug 14
Second quarter 2021 earnings released: EPS €0.34 (vs €0.22 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €80.5m (up 34% from 2Q 2020). Net income: €4.94m (up 59% from 2Q 2020). Profit margin: 6.1% (up from 5.2% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 5% per year. Price Target Changed • Aug 13
Price target increased to €25.50 Up from €23.50, the current price target is an average from 2 analysts. New target price is 23% above last closing price of €20.80. Stock is up 20% over the past year. Major Estimate Revision • Aug 12
Consensus EPS estimates increase to €0.99 The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from €297.6m to €308.4m. EPS estimate increased from €0.85 to €0.99 per share. Net income forecast to grow 11% next year vs 18% growth forecast for Capital Markets industry in Germany. Consensus price target up from €23.50 to €24.50. Share price was steady at €20.80 over the past week. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improved over the past week After last week's 29% share price gain to €27.00, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 17x in the Capital Markets industry in Germany. Total returns to shareholders of 54% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €13.31 per share. Upcoming Dividend • Jun 03
Upcoming dividend of €1.00 per share Eligible shareholders must have bought the stock before 10 June 2021. Payment date: 14 June 2021. Trailing yield: 3.6%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (2.3%). Price Target Changed • Mar 25
Price target increased to €21.00 Up from €19.50, the current price target is an average from 2 analysts. New target price is 12% above last closing price of €18.70. Stock is up 18% over the past year. Announcement • Mar 18
OVB Holding AG Recommends Dividend The Executive Board and Supervisory Board of OVB Holding AG decided to recommend that the Annual General Meeting resolve the distribution, in addition to the stable dividend of EUR 0.75 per dividend-bearing no-par share, of a one-time anniversary bonus of EUR 0.25 per dividend-bearing no-par share to mark the company's 50th anniversary, and thus a total distribution of EUR 1.00 per dividend-bearing no-par share. Announcement • Feb 24
OVB Holding AG Revises Earnings Guidance for the Full Year 2020 OVB Holding AG revised earnings guidance for the full year 2020. After overall positive business performance for the year as a whole, OVB Holding AG anticipates on the basis of preliminary figures for the 2020 financial year to record operating income (EBIT) of €14.9 million (2019 financial year: €14.1 million), plus €270.6 million in brokerage income (2019 financial year: €257.8 million). Most recently, OVB Holding AG had issued specific guidance its own expectations for 2020 in an ad hoc disclosure on 2 November 2020, stating that it expected to see EBIT at roughly the same level as in the 2019 financial year and a slight increase in brokerage income. Is New 90 Day High Low • Feb 23
New 90-day low: €17.60 The company is down 4.0% from its price of €18.30 on 25 November 2020. The German market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €17.35 per share. Reported Earnings • Nov 12
Third quarter 2020 earnings released: EPS €0.20 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: €66.7m (up 7.9% from 3Q 2019). Net income: €2.79m (up 15% from 3Q 2019). Profit margin: 4.2% (up from 3.9% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 1% per year. Is New 90 Day High Low • Nov 11
New 90-day high: €18.70 The company is up 6.0% from its price of €17.60 on 12 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €14.49 per share. Is New 90 Day High Low • Oct 14
New 90-day low: €17.20 The company is down 3.0% from its price of €17.80 on 16 July 2020. The German market is up 2.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Capital Markets industry, which is down 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €14.59 per share.