Bekanntmachung • Apr 30
Gestamp Automoción, S.A. to Report Q1, 2026 Results on May 13, 2026 Gestamp Automoción, S.A. announced that they will report Q1, 2026 results After-Market on May 13, 2026 Board Change • Apr 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 7 highly experienced directors. Executive Director Patricia Lopez was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Apr 10
Final dividend of €0.033 announced Shareholders will receive a dividend of €0.033. Ex-date: 30th June 2026 Payment date: 2nd July 2026 Dividend yield will be 2.1%, which is lower than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has decreased over the past 86 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 78% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Bekanntmachung • Apr 09
Gestamp Automoción, S.A., Annual General Meeting, May 13, 2026 Gestamp Automoción, S.A., Annual General Meeting, May 13, 2026. Location: palacio euskalduna jauregia, avenida abandoibarra 4, bilbao., Spain New Risk • Mar 02
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.4x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Feb 28
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: €0.27 (down from €0.33 in FY 2024). Revenue: €11.7b (down 3.7% from FY 2024). Net income: €152.2m (down 19% from FY 2024). Profit margin: 1.3% (down from 1.6% in FY 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, while revenues in the Auto Components industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Bekanntmachung • Feb 12
Gestamp Automoción, S.A. to Report Fiscal Year 2025 Results on Feb 26, 2026 Gestamp Automoción, S.A. announced that they will report fiscal year 2025 results After-Market on Feb 26, 2026 Upcoming Dividend • Jan 05
Upcoming dividend of €0.032 per share Eligible shareholders must have bought the stock before 12 January 2026. Payment date: 14 January 2026. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Spanish dividend payers (5.2%). Lower than average of industry peers (3.6%). Declared Dividend • Dec 19
Dividend of €0.032 announced Shareholders will receive a dividend of €0.032. Ex-date: 12th January 2026 Payment date: 14th January 2026 Dividend yield will be 2.5%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (26% cash payout ratio). The dividend has decreased over the past 86 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 67% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Bekanntmachung • Dec 18
Gestamp Automoción, S.A. announces Annual dividend, payable on January 14, 2026 Gestamp Automoción, S.A. announced Annual dividend of EUR 0.0317 per share payable on January 14, 2026, ex-date on January 12, 2026 and record date on January 13, 2026. New Risk • Nov 11
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.6x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.6x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (4.3% average weekly change). Major Estimate Revision • Nov 11
Consensus EPS estimates fall by 12% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from €0.359 to €0.317 per share. Revenue forecast steady at €11.7b. Net income forecast to grow 45% next year vs 24% growth forecast for Auto Components industry in Spain. Consensus price target broadly unchanged at €3.39. Share price fell 13% to €2.88 over the past week. Reported Earnings • Nov 06
Third quarter 2025 earnings released Third quarter 2025 results: EPS: €0.053. Revenue: €2.69b (down 4.5% from 3Q 2024). Net income: €29.9m (up 43% from 3Q 2024). Profit margin: 1.1% (up from 0.7% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 1.1% decline forecast for the Auto Components industry in Europe. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Nov 05
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from €0.359 to €0.321 per share. Revenue forecast steady at €11.6b. Net income forecast to grow 42% next year vs 24% growth forecast for Auto Components industry in Spain. Consensus price target broadly unchanged at €3.42. Share price fell 14% to €2.96 over the past week. Buy Or Sell Opportunity • Oct 27
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at €3.38. The fair value is estimated to be €4.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.4% over the last 3 years. Earnings per share has declined by 9.7%. For the next 3 years, revenue is forecast to grow by 2.9% per annum. Earnings are also forecast to grow by 21% per annum over the same time period. Bekanntmachung • Oct 21
Gestamp Automoción, S.A. to Report Nine Months, 2025 Results on Nov 04, 2025 Gestamp Automoción, S.A. announced that they will report nine months, 2025 results on Nov 04, 2025 Buy Or Sell Opportunity • Sep 13
Now 21% undervalued Over the last 90 days, the stock has risen 9.2% to €3.38. The fair value is estimated to be €4.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.4% over the last 3 years. Earnings per share has declined by 9.7%. For the next 3 years, revenue is forecast to grow by 3.6% per annum. Earnings are also forecast to grow by 22% per annum over the same time period. Buy Or Sell Opportunity • Aug 25
Now 20% undervalued Over the last 90 days, the stock has risen 25% to €3.52. The fair value is estimated to be €4.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.4% over the last 3 years. Earnings per share has declined by 9.7%. For the next 3 years, revenue is forecast to grow by 3.6% per annum. Earnings are also forecast to grow by 22% per annum over the same time period. New Risk • Aug 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Spanish stocks, typically moving 4.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.6x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (4.2% average weekly change). Reported Earnings • Jul 29
Second quarter 2025 earnings: Revenues miss analyst expectations Second quarter 2025 results: Revenue: €2.94b (down 6.1% from 2Q 2024). Net income: €48.1m (down 6.1% from 2Q 2024). Profit margin: 1.6% (in line with 2Q 2024). Revenue missed analyst estimates by 2.7%. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Auto Components industry in Europe. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Bekanntmachung • Jul 14
Gestamp Automoción, S.A. to Report First Half, 2025 Results on Jul 28, 2025 Gestamp Automoción, S.A. announced that they will report first half, 2025 results on Jul 28, 2025 Buy Or Sell Opportunity • Jun 30
Now 20% undervalued Over the last 90 days, the stock has risen 13% to €2.92. The fair value is estimated to be €3.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has declined by 9.2%. Revenue is forecast to grow by 4.4% in 2 years. Earnings are forecast to grow by 82% in the next 2 years. Upcoming Dividend • Jun 23
Upcoming dividend of €0.041 per share Eligible shareholders must have bought the stock before 30 June 2025. Payment date: 02 July 2025. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Spanish dividend payers (4.8%). Lower than average of industry peers (3.8%). Buy Or Sell Opportunity • Jun 02
Now 21% undervalued Over the last 90 days, the stock has risen 9.0% to €2.88. The fair value is estimated to be €3.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has declined by 9.2%. Revenue is forecast to grow by 4.5% in 2 years. Earnings are forecast to grow by 81% in the next 2 years. Major Estimate Revision • May 15
Consensus EPS estimates fall by 15% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from €0.427 to €0.364 per share. Revenue forecast steady at €12.1b. Net income forecast to grow 41% next year vs 21% growth forecast for Auto Components industry in Spain. Consensus price target down from €3.24 to €3.11. Share price rose 9.1% to €2.87 over the past week. Buy Or Sell Opportunity • May 14
Now 21% undervalued Over the last 90 days, the stock has risen 6.2% to €2.86. The fair value is estimated to be €3.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has declined by 9.2%. Revenue is forecast to grow by 4.1% in 2 years. Earnings are forecast to grow by 81% in the next 2 years. New Risk • May 12
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.5x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.5x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (1.3% net profit margin). Reported Earnings • May 09
First quarter 2025 earnings released First quarter 2025 results: EPS: €0.047. Revenue: €3.02b (down 1.0% from 1Q 2024). Net income: €26.5m (down 52% from 1Q 2024). Profit margin: 0.9% (down from 1.8% in 1Q 2024). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Auto Components industry in Europe. Bekanntmachung • Apr 25
Gestamp Automoción, S.A. to Report Q1, 2025 Results on May 08, 2025 Gestamp Automoción, S.A. announced that they will report Q1, 2025 results After-Market on May 08, 2025 Bekanntmachung • Apr 03
Gestamp Automoción, S.A., Annual General Meeting, May 08, 2025 Gestamp Automoción, S.A., Annual General Meeting, May 08, 2025. Location: palacio euskalduna jauregia, avenida abandoibarra 4, bilbao., Spain Buy Or Sell Opportunity • Mar 04
Now 25% undervalued Over the last 90 days, the stock has risen 11% to €2.65. The fair value is estimated to be €3.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 6.0%. For the next 3 years, revenue is forecast to grow by 3.3% per annum. Earnings are also forecast to grow by 21% per annum over the same time period. Reported Earnings • Feb 28
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: €0.33 (down from €0.49 in FY 2023). Revenue: €12.2b (down 1.3% from FY 2023). Net income: €188.5m (down 33% from FY 2023). Profit margin: 1.5% (down from 2.3% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.3%. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Auto Components industry in Europe. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Bekanntmachung • Feb 14
Gestamp Automoción, S.A. to Report Fiscal Year 2024 Results on Feb 27, 2025 Gestamp Automoción, S.A. announced that they will report fiscal year 2024 results After-Market on Feb 27, 2025 Upcoming Dividend • Jan 03
Upcoming dividend of €0.039 per share Eligible shareholders must have bought the stock before 10 January 2025. Payment date: 14 January 2025. Payout ratio is a comfortable 39% but the company is paying out more than the cash it is generating. Trailing yield: 5.1%. Lower than top quartile of Spanish dividend payers (5.5%). Higher than average of industry peers (4.0%). Major Estimate Revision • Nov 12
Consensus EPS estimates fall by 19% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €12.3b to €12.1b. EPS estimate also fell from €0.468 per share to €0.379 per share. Net income forecast to grow 61% next year vs 22% growth forecast for Auto Components industry in Spain. Consensus price target down from €4.02 to €3.57. Share price fell 9.3% to €2.45 over the past week. New Risk • Nov 08
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.7x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.7x net interest cover). Minor Risks Dividend is not well covered by cash flows (dividend per share is over 9x cash flows per share). Share price has been volatile over the past 3 months (4.1% average weekly change). Profit margins are more than 30% lower than last year (1.5% net profit margin). Price Target Changed • Nov 07
Price target decreased by 9.8% to €3.62 Down from €4.02, the current price target is an average from 12 analysts. New target price is 39% above last closing price of €2.60. Stock is down 25% over the past year. The company is forecast to post earnings per share of €0.37 for next year compared to €0.49 last year. Reported Earnings • Nov 06
Third quarter 2024 earnings released Third quarter 2024 results: EPS: €0.037. Revenue: €2.82b (flat on 3Q 2023). Net income: €20.9m (down 67% from 3Q 2023). Profit margin: 0.7% (down from 2.3% in 3Q 2023). Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Auto Components industry in Europe. Bekanntmachung • Oct 22
Gestamp Automoción, S.A. to Report Nine Months, 2024 Results on Nov 05, 2024 Gestamp Automoción, S.A. announced that they will report nine months, 2024 results on Nov 05, 2024 Reported Earnings • Jul 30
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: €3.17b (flat on 2Q 2023). Net income: €51.2m (down 38% from 2Q 2023). Profit margin: 1.6% (down from 2.6% in 2Q 2023). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Auto Components industry in Europe. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Bekanntmachung • Jul 16
Gestamp Automoción, S.A. to Report First Half, 2024 Results on Jul 29, 2024 Gestamp Automoción, S.A. announced that they will report first half, 2024 results on Jul 29, 2024 Upcoming Dividend • Jun 24
Upcoming dividend of €0.063 per share Eligible shareholders must have bought the stock before 01 July 2024. Payment date: 03 July 2024. Payout ratio is a comfortable 30% but the company is paying out more than the cash it is generating. Trailing yield: 5.2%. Lower than top quartile of Spanish dividend payers (5.6%). Higher than average of industry peers (3.6%). Board Change • Jun 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 9 experienced directors. 2 highly experienced directors. Proprietary Director Makoto Takasugi was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • May 20
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.8x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.8x net interest cover). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • May 10
First quarter 2024 earnings released First quarter 2024 results: EPS: €0.096. Revenue: €3.08b (down 2.0% from 1Q 2023). Net income: €54.7m (down 32% from 1Q 2023). Profit margin: 1.8% (down from 2.5% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Auto Components industry in Europe. Bekanntmachung • Apr 28
Gestamp Automoción, S.A. to Report Q1, 2024 Results on May 09, 2024 Gestamp Automoción, S.A. announced that they will report Q1, 2024 results After-Market on May 09, 2024 Bekanntmachung • Mar 23
Gestamp Automoción, S.A., Annual General Meeting, May 09, 2024 Gestamp Automoción, S.A., Annual General Meeting, May 09, 2024, at 12:30 Central European Standard Time. Agenda: To consider where appropriate, of the financial statements and management report for Gestamp Automoción, S.A. and the financial statements and management report for its consolidated group for the 2023 financial year, as well as the management of the Board of Directors over the 2023 financial year; to consider where appropriate, of the consolidated non-financial information for the 2023 financial year; to consider where appropriate, of the proposed allocation of individual profit of Gestamp Automoción, S.A. for the 2023 financial year; to consider Distribution of a supplementary dividend against unrestricted reserves; to consider Ratification and re-election of directors, as appropriate. Setting of the number of members of the Board of Directors; to consider re-election and appointment of auditors; and to consider other matters. Major Estimate Revision • Mar 06
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €12.5b to €12.3b. EPS estimate also fell from €0.61 per share to €0.54 per share. Net income forecast to grow 11% next year vs 20% growth forecast for Auto Components industry in Spain. Consensus price target down from €4.60 to €4.49. Share price fell 7.1% to €2.84 over the past week. Reported Earnings • Feb 29
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: €0.49 (up from €0.45 in FY 2022). Revenue: €12.5b (up 16% from FY 2022). Net income: €280.7m (up 8.0% from FY 2022). Profit margin: 2.3% (down from 2.4% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 11%. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Auto Components industry in Europe. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Bekanntmachung • Feb 14
Gestamp Automoción, S.A. to Report Fiscal Year 2023 Results on Feb 27, 2024 Gestamp Automoción, S.A. announced that they will report fiscal year 2023 results on Feb 27, 2024 Upcoming Dividend • Jan 01
Upcoming dividend of €0.057 per share at 4.1% yield Eligible shareholders must have bought the stock before 08 January 2024. Payment date: 10 January 2024. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of Spanish dividend payers (5.8%). Higher than average of industry peers (3.1%). New Risk • Nov 23
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 63% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (63% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Nov 08
Third quarter 2023 earnings released Third quarter 2023 results: EPS: €0.11. Revenue: €2.84b (flat on 3Q 2022). Net income: €63.0m (down 4.4% from 3Q 2022). Profit margin: 2.2% (down from 2.3% in 3Q 2022). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Auto Components industry in Europe. Bekanntmachung • Oct 24
Gestamp Automoción, S.A. to Report Nine Months, 2023 Results on Nov 07, 2023 Gestamp Automoción, S.A. announced that they will report nine months, 2023 results on Nov 07, 2023 Buying Opportunity • Sep 26
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be €4.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 4.9% per annum. Earnings is also forecast to grow by 15% per annum over the same time period. Reported Earnings • Jul 26
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: €3.20b (up 20% from 2Q 2022). Net income: €82.5m (up 14% from 2Q 2022). Profit margin: 2.6% (down from 2.7% in 2Q 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 4.5% growth forecast for the Auto Components industry in Europe. Bekanntmachung • Jul 12
Gestamp Automoción, S.A. to Report Q2, 2023 Results on Jul 25, 2023 Gestamp Automoción, S.A. announced that they will report Q2, 2023 results After-Market on Jul 25, 2023 Upcoming Dividend • Jun 26
Upcoming dividend of €0.06 per share at 3.5% yield Eligible shareholders must have bought the stock before 03 July 2023. Payment date: 05 July 2023. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of Spanish dividend payers (6.0%). In line with average of industry peers (3.2%). Reported Earnings • May 10
First quarter 2023 earnings released First quarter 2023 results: EPS: €0.14. Revenue: €3.17b (up 39% from 1Q 2022). Net income: €79.8m (up 78% from 1Q 2022). Profit margin: 2.5% (up from 2.0% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Auto Components industry in Europe. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Apr 24
Now 21% undervalued Over the last 90 days, the stock is up 4.4%. The fair value is estimated to be €5.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years. Earnings per share has grown by 42%. For the next 3 years, revenue is forecast to grow by 6.6% per annum. Earnings is also forecast to grow by 19% per annum over the same time period.