Reported Earnings • May 07
First quarter 2026 earnings released: EPS: US$0.38 (vs US$0.16 in 1Q 2025) First quarter 2026 results: EPS: US$0.38 (up from US$0.16 in 1Q 2025). Revenue: US$446.1m (up 15% from 1Q 2025). Net income: US$12.2m (up 144% from 1Q 2025). Profit margin: 2.7% (up from 1.3% in 1Q 2025). Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Metals and Mining industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 109 percentage points per year, which is a significant difference in performance. Upcoming Dividend • May 04
Upcoming dividend of €0.20 per share Eligible shareholders must have bought the stock before 11 May 2026. Payment date: 14 May 2026. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of British dividend payers (5.7%). Lower than average of industry peers (2.7%). Ankündigung • Apr 10
AMG Critical Materials N.V. has completed a Follow-on Equity Offering in the amount of €110.514144 million. AMG Critical Materials N.V. has completed a Follow-on Equity Offering in the amount of €110.514144 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,250,416
Price\Range: €34 Ankündigung • Apr 09
AMG Critical Materials N.V. has filed a Follow-on Equity Offering. AMG Critical Materials N.V. has filed a Follow-on Equity Offering.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 3,250,416 Declared Dividend • Apr 06
Final dividend of €0.20 announced Shareholders will receive a dividend of €0.20. Ex-date: 11th May 2026 Payment date: 14th May 2026 Dividend yield will be 1.1%, which is lower than the industry average of 7.3%. New Risk • Feb 26
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 British stocks, typically moving 6.7% 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 (1.5x net interest cover). Minor Risk Share price has been volatile over the past 3 months (6.7% average weekly change). Reported Earnings • Feb 26
Full year 2025 earnings released: US$0.58 loss per share (vs US$1.03 loss in FY 2024) Full year 2025 results: US$0.58 loss per share (improved from US$1.03 loss in FY 2024). Revenue: US$1.71b (up 19% from FY 2024). Net loss: US$18.6m (loss narrowed 44% from FY 2024). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Metals and Mining industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €36.71, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 7x in the Metals and Mining industry in the United Kingdom. Total returns to shareholders of 15% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €69.73 per share. Reported Earnings • Nov 06
Third quarter 2025 earnings released: EPS: US$0.40 (vs US$0.41 loss in 3Q 2024) Third quarter 2025 results: EPS: US$0.40 (up from US$0.41 loss in 3Q 2024). Revenue: US$434.7m (up 22% from 3Q 2024). Net income: US$13.1m (up US$26.4m from 3Q 2024). Profit margin: 3.0% (up from net loss in 3Q 2024). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Metals and Mining industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Reported Earnings • Oct 02
Second quarter 2025 earnings released: EPS: US$0.36 (vs US$0.34 loss in 2Q 2024) Second quarter 2025 results: EPS: US$0.36 (up from US$0.34 loss in 2Q 2024). Revenue: US$439.0m (up 21% from 2Q 2024). Net income: US$11.5m (up US$22.5m from 2Q 2024). Profit margin: 2.6% (up from net loss in 2Q 2024). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Metals and Mining industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. Declared Dividend • Aug 03
First half dividend of €0.20 announced Shareholders will receive a dividend of €0.20. Ex-date: 6th August 2025 Payment date: 15th August 2025 Dividend yield will be 1.7%, which is lower than the industry average of 7.3%. Sustainability & Growth Dividend is not covered by earnings (124% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.3% 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 38% to bring the payout ratio under control. EPS is expected to grow by 345% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Jul 31
Second quarter 2025 earnings released: EPS: US$0.36 (vs US$0.34 loss in 2Q 2024) Second quarter 2025 results: EPS: US$0.36 (up from US$0.34 loss in 2Q 2024). Revenue: US$439.0m (up 21% from 2Q 2024). Net income: US$11.5m (up US$22.5m from 2Q 2024). Profit margin: 2.6% (up from net loss in 2Q 2024). Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Metals and Mining industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Ankündigung • Jul 31
AMG Critical Materials N.V. Announces Interim Dividend, Payable on August 15, 2025 AMG Critical Materials N.V. declared an interim dividend of €0.20 per ordinary share, unchanged from the interim dividend of €0.20 per ordinary share in the prior year. The interim dividend of €0.20 per ordinary share, in respect of the period from January 1, 2025 to June 30, 2025, is payable on August 15, 2025 to shareholders of record as of August 7, 2025. The ex-dividend date will be August 6, 2025. Ankündigung • Jun 09
AMG Critical Materials N.V. Announces Executive Changes AMG Critical Materials N.V. announced that Mr. Thomas Swoboda has been appointed the new global Head of Investor Relations, effective immediately. He is the successor to Ms. Michele Fischer, who has held that position for the last six years and has transitioned to Head of Human Resources on a global level as Executive Vice President. Thomas brings over 18 years of international capital market experience with him. He joins AMG from Société Generale/Bernstein, where he was Director of Equity Research since 2015. Before that, he was a Senior Equity Analyst at MainFirst Bank/Stifel. Thomas holds a degree in Business Administration from Mannheim University, where he was a recipient of the Research Award of the Prechel-Stiftung. He is multilingual, with proficiency in German, English and Portuguese (Brazilian). Reported Earnings • May 09
First quarter 2025 earnings released: EPS: US$0.16 (vs US$0.50 loss in 1Q 2024) First quarter 2025 results: EPS: US$0.16 (up from US$0.50 loss in 1Q 2024). Revenue: US$388.1m (up 8.4% from 1Q 2024). Net income: US$5.02m (up US$21.3m from 1Q 2024). Profit margin: 1.3% (up from net loss in 1Q 2024). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Metals and Mining industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Upcoming Dividend • May 05
Upcoming dividend of €0.20 per share Eligible shareholders must have bought the stock before 12 May 2025. Payment date: 15 May 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of British dividend payers (5.9%). Lower than average of industry peers (4.5%). Declared Dividend • Mar 31
Final dividend of €0.20 announced Shareholders will receive a dividend of €0.20. Ex-date: 12th May 2025 Payment date: 15th May 2025 Dividend yield will be 2.8%, which is lower than the industry average of 7.3%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.1% per year over the past 10 years. However, payments have been volatile during that time. New Risk • Mar 06
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 British stocks, typically moving 7.1% 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 (1.7x net interest cover). Minor Risk Share price has been volatile over the past 3 months (7.1% average weekly change). Reported Earnings • Feb 27
Full year 2024 earnings released: US$1.03 loss per share (vs US$3.15 profit in FY 2023) Full year 2024 results: US$1.03 loss per share (down from US$3.15 profit in FY 2023). Revenue: US$1.44b (down 11% from FY 2023). Net loss: US$33.4m (down 133% from profit in FY 2023). Revenue is expected to decline by 4.2% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in the United Kingdom are expected to grow by 1.9%. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Ankündigung • Feb 27
AMG Critical Materials N.V. Announces Management Changes AMG Critical Materials N.V. announced that At the Annual General Meeting on May 8, 2025, the term of Mr. Eric Jackson, Chief Operating Officer and member of the Management Board, will end. On that date Mr. Jackson wishes to retire as a member of the Management Board. He has served AMG since the formation of AMG in 2006 as a Management Board member with unique knowledge of and experience in the industry. Mr. Jackson has agreed to act as a senior advisor to the company. The Management Board will be supported by a team of three highly experienced Executive Vice Presidents: Ms. Michele Fischer as EVP Human Resources; Mr. Juri Abbatantuono as EVP Strategic Projects & Engineering; and Mr. Ludo Mees as EVP Legal, Compliance and Corporate Governance. Michele Fischer has previously served the company since 2014 in various management positions and recently as Head of Investor Relations. Juri Abbatantuono joined AMG in 2017 as Project Director AMG Brazil and then built the Engineering Group through which he guides all major capital investment projects in technology and engineering matters. Ludo Mees has been with AMG from its inception, starting as the Corporate Secretary and member of the Legal team, then the Chief Compliance Officer, and serves on the Board of Shell & AMG Recycling B.V. He will succeed Dr. Michael Witzel, who also served AMG as an Executive Vice President. Ankündigung • Feb 21
AMG Critical Materials N.V., Annual General Meeting, May 08, 2025 AMG Critical Materials N.V., Annual General Meeting, May 08, 2025. Buy Or Sell Opportunity • Feb 12
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 8.3% to €15.94. The fair value is estimated to be €13.15, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.7% over the last 3 years. Meanwhile, the company became loss making. Ankündigung • Dec 24
AMG Critical Materials N.V. (ENXTAM:AMG) agreed to acquire 40% stake in AMG Graphit Kropfmühl GmbH from Alterna Capital Partners LLC. AMG Critical Materials N.V. (ENXTAM:AMG) agreed to acquire 40% stake in AMG Graphit Kropfmühl GmbH from Alterna Capital Partners LLC on December 23, 2024. The purchase price can be paid in cash at the end of a three-year period, or in the form of AMG shares at any point within the three years at AMG's discretion. To the extent that AMG elects to pay any portion of the purchase price in the form of AMG shares, these shares would be subject to a holding period of 6-18 months depending on when AMG elects to transfer or issue the shares to Alterna. Alterna has committed to vote any such shares in line with the recommendations of AMG's Management and Supervisory Boards. At the end of the holding period, Alterna has given AMG the right of first refusal to purchase such shares. Reported Earnings • Nov 07
Third quarter 2024 earnings released: US$0.41 loss per share (vs US$0.01 profit in 3Q 2023) Third quarter 2024 results: US$0.41 loss per share (down from US$0.01 profit in 3Q 2023). Revenue: US$356.0m (down 3.4% from 3Q 2023). Net loss: US$13.4m (down US$13.5m from profit in 3Q 2023). Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Metals and Mining industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings. Reported Earnings • Sep 29
Second quarter 2024 earnings released: US$0.34 loss per share (vs US$1.33 profit in 2Q 2023) Second quarter 2024 results: US$0.34 loss per share (down from US$1.33 profit in 2Q 2023). Revenue: US$364.3m (down 17% from 2Q 2023). Net loss: US$11.0m (down 126% from profit in 2Q 2023). Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Metals and Mining industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Ankündigung • Aug 01
AMG Critical Materials N.V. Declares Interim Dividend for the Period from January 1, 2024 to June 30, 2024, Payable on August 14, 2024 AMG Critical Materials N.V. declared an interim dividend of €0.20 per ordinary share, in respect of the period from January 1, 2024 to June 30, 2024, from an interim dividend of €0.40 per ordinary share in the prior year, is payable on August 14, 2024 to shareholders of record as of August 6, 2024. The ex-dividend date will be August 5, 2024. Reported Earnings • Aug 01
Second quarter 2024 earnings released: US$0.34 loss per share (vs US$1.33 profit in 2Q 2023) Second quarter 2024 results: US$0.34 loss per share (down from US$1.33 profit in 2Q 2023). Revenue: US$364.3m (down 17% from 2Q 2023). Net loss: US$11.0m (down 126% from profit in 2Q 2023). Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Metals and Mining industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Jul 01
Chairman of the Management Board & CEO recently bought €79k worth of stock On the 26th of June, Heinz Schimmelbusch bought around 5k shares on-market at roughly €15.87 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Heinz has been a buyer over the last 12 months, purchasing a net total of €1.0m worth in shares. Buy Or Sell Opportunity • May 22
Now 21% undervalued Over the last 90 days, the stock has risen 12% to €21.29. The fair value is estimated to be €26.82, 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. Revenue is forecast to grow by 18% in 2 years. Earnings are forecast to grow by 303% in the next 2 years. Ankündigung • May 09
AMG Critical Materials N.V. Announces Executive Changes AMG Critical Materials N.V. announced that during its Annual General Meeting held on May 8, 2024, shareholders approved all agenda items presented, including the expansion of the Management Board from three to four members. Mr. Michael Connor was appointed to the Management Board as Chief Corporate Development Officer for a term of four years, with effect from May 8, 2024. Given the rotation schedule of the Supervisory Board and the retirement in 2025 of two longstanding members, Professor Hanke and Mr. Depp, the Supervisory Board resolved to expand its resources to create a Board with seven members. During the meeting, Ms. Dagmar Bottenbruch was appointed to the Supervisory Board as an independent member for a term of four years, beginning May 8, 2024. Reported Earnings • May 08
First quarter 2024 earnings released: US$0.50 loss per share (vs US$1.76 profit in 1Q 2023) First quarter 2024 results: US$0.50 loss per share (down from US$1.76 profit in 1Q 2023). Revenue: US$358.2m (down 21% from 1Q 2023). Net loss: US$16.3m (down 129% from profit in 1Q 2023). Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Metals and Mining industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Ankündigung • May 08
AMG Critical Materials N.V. Declares Dividend for the Year 2023, Payable on or Around May 15, 2024 AMG Critical Materials N.V. will pay its final 2023 declared dividend of €0.20 per ordinary share on or around May 15, 2024, to shareholders of record on May 13, 2024. Declared Dividend • Mar 31
Final dividend of €0.20 announced Shareholders will receive a dividend of €0.20. Ex-date: 10th May 2024 Payment date: 15th May 2024 Dividend yield will be 2.9%, which is lower than the industry average of 7.3%. Sustainability & Growth Dividend is well covered by both earnings (21% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has increased by an average of 13% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 5.9% over the next 2 years, which should provide support to the dividend and adequate earnings cover. New Risk • Mar 18
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks High level of debt (53% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.2% net profit margin). Recent Insider Transactions • Feb 25
CFO & Member of Management Board recently bought €261k worth of stock On the 22nd of February, Jackson Dunckel bought around 13k shares on-market at roughly €20.09 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Jackson's only on-market trade for the last 12 months. Reported Earnings • Feb 22
Full year 2023 earnings released: EPS: US$3.15 (vs US$5.88 in FY 2022) Full year 2023 results: EPS: US$3.15 (down from US$5.88 in FY 2022). Revenue: US$1.63b (down 1.0% from FY 2022). Net income: US$101.3m (down 46% from FY 2022). Profit margin: 6.2% (down from 11% in FY 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. New Risk • Feb 06
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 British stocks, typically moving 7.5% 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 Earnings are forecast to decline by an average of 15% per year for the foreseeable future. Minor Risks High level of debt (53% net debt to equity). 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 (7.5% average weekly change). New Risk • Nov 21
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 5.0% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 5.0% per year for the foreseeable future. Minor Risks High level of debt (53% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Valuation Update With 7 Day Price Move • Nov 16
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €21.67, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 7x in the Metals and Mining industry in the United Kingdom. Total returns to shareholders of 8.1% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €10.58 per share. Recent Insider Transactions • Nov 13
Chairman of the Management Board & CEO recently bought €935k worth of stock On the 9th of November, Heinz Schimmelbusch bought around 46k shares on-market at roughly €20.54 per share. This transaction amounted to 3.8% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Heinz's only on-market trade for the last 12 months. New Risk • Nov 10
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.2% per year for the foreseeable future. Minor Risks High level of debt (53% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Nov 09
Third quarter 2023 earnings released: EPS: US$0.01 (vs US$2.13 in 3Q 2022) Third quarter 2023 results: EPS: US$0.01 (down from US$2.13 in 3Q 2022). Revenue: US$368.7m (down 13% from 3Q 2022). Net income: US$163.0k (down 100% from 3Q 2022). Profit margin: 0% (down from 16% in 3Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. New Risk • Oct 17
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 3.7% per year for the foreseeable future. Minor Risks High level of debt (45% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Recent Insider Transactions • Oct 14
Independent Member of Supervisory Board recently bought €199k worth of stock On the 5th of October, Warmolt Prins bought around 8k shares on-market at roughly €26.23 per share. This transaction increased Warmolt's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €279k more in shares than they have sold in the last 12 months. Reported Earnings • Sep 18
Second quarter 2023 earnings released: EPS: US$1.33 (vs US$0.93 in 2Q 2022) Second quarter 2023 results: EPS: US$1.33 (up from US$0.93 in 2Q 2022). Revenue: US$439.3m (up 3.6% from 2Q 2022). Net income: US$42.8m (up 44% from 2Q 2022). Profit margin: 9.7% (up from 7.0% in 2Q 2022). Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 124% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Jul 27
Now 27% undervalued Over the last 90 days, the stock is up 20%. The fair value is estimated to be €54.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 36% in 2 years. Earnings is forecast to grow by 18% in the next 2 years. Ankündigung • May 06
Amg Advanced Metallurgical Group N.V. Announces Final Dividend for 2022, Payable on May 11, 2023 AMG Advanced Metallurgical Group N.V. approved the payment of a dividend of €0.70 per ordinary share over the financial year 2022. The interim dividend of €0.30, paid on August 10, 2022, was deducted from the amount distributed to shareholders. The final dividend per ordinary share therefore amounts to €0.40. Payment of the final dividend will be completed on or around May 11, 2023, to shareholders of record on May 9, 2023. The ex-dividend date is May 8, 2023. Dutch withholding tax will be deducted from the dividend at a rate of 15%. Reported Earnings • May 04
First quarter 2023 earnings released: EPS: US$1.76 (vs US$0.92 in 1Q 2022) First quarter 2023 results: EPS: US$1.76 (up from US$0.92 in 1Q 2022). Revenue: US$450.6m (up 8.8% from 1Q 2022). Net income: US$56.2m (up 91% from 1Q 2022). Profit margin: 13% (up from 7.1% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 130% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 01
Upcoming dividend of €0.40 per share at 2.3% yield Eligible shareholders must have bought the stock before 08 May 2023. Payment date: 11 May 2023. Payout ratio is a comfortable 13% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of British dividend payers (5.8%). Lower than average of industry peers (7.7%). Reported Earnings • Feb 24
Full year 2022 earnings released: EPS: US$5.87 (vs US$0.45 in FY 2021) Full year 2022 results: EPS: US$5.87 (up from US$0.45 in FY 2021). Revenue: US$1.64b (up 36% from FY 2021). Net income: US$187.6m (up US$173.8m from FY 2021). Profit margin: 11% (up from 1.1% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Metals and Mining industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 127% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 09
Investor sentiment improved over the past week After last week's 18% share price gain to €37.69, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 6x in the Metals and Mining industry in the United Kingdom. Total returns to shareholders of 62% over the past three years. Reported Earnings • Nov 03
Third quarter 2022 earnings released: EPS: US$2.13 (vs US$0.02 loss in 3Q 2021) Third quarter 2022 results: EPS: US$2.13 (up from US$0.02 loss in 3Q 2021). Revenue: US$424.8m (up 36% from 3Q 2021). Net income: US$68.1m (up US$68.7m from 3Q 2021). Profit margin: 16% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 2.5% decline forecast for the Metals and Mining industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 26
Investor sentiment improved over the past week After last week's 25% share price gain to €31.22, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 6x in the Metals and Mining industry in the United Kingdom. Total returns to shareholders of 41% over the past three years. Reported Earnings • Sep 13
Second quarter 2022 earnings released: EPS: US$0.93 (vs US$0.11 in 2Q 2021) Second quarter 2022 results: EPS: US$0.93 (up from US$0.11 in 2Q 2021). Revenue: US$424.1m (up 42% from 2Q 2021). Net income: US$29.6m (up US$26.1m from 2Q 2021). Profit margin: 7.0% (up from 1.2% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 3.5% decline forecast for the Metals and Mining industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Jul 31
Chairman of the Management Board & CEO recently bought €1.0m worth of stock On the 28th of July, Heinz Schimmelbusch bought around 39k shares on-market at roughly €26.28 per share. This was the largest purchase by an insider in the last 3 months. Heinz has been a buyer over the last 12 months, purchasing a net total of €1.5m worth in shares. Reported Earnings • Jul 28
Second quarter 2022 earnings released: EPS: US$0.93 (vs US$0.11 in 2Q 2021) Second quarter 2022 results: EPS: US$0.93 (up from US$0.11 in 2Q 2021). Revenue: US$424.1m (up 42% from 2Q 2021). Net income: US$29.6m (up US$26.1m from 2Q 2021). Profit margin: 7.0% (up from 1.2% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 15%, compared to a 13% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Jul 05
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 45%. The fair value is estimated to be €28.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.2% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 33% in 2 years. Earnings is forecast to grow by 391% in the next 2 years. Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €29.20, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 6x in the Metals and Mining industry in the United Kingdom. Total returns to shareholders of 28% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €17.30 per share. Valuation Update With 7 Day Price Move • May 11
Investor sentiment deteriorated over the past week After last week's 19% share price decline to €29.93, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 5x in the Metals and Mining industry in the United Kingdom. Total returns to shareholders of 33% over the past three years. Reported Earnings • May 06
First quarter 2022 earnings released: EPS: US$0.91 (vs US$0.18 in 1Q 2021) First quarter 2022 results: EPS: US$0.91 (up from US$0.18 in 1Q 2021). Revenue: US$403.9m (up 53% from 1Q 2021). Net income: US$29.1m (up 471% from 1Q 2021). Profit margin: 7.2% (up from 1.9% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 13%, compared to a 7.9% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Upcoming Dividend • May 02
Upcoming dividend of €0.30 per share Eligible shareholders must have bought the stock before 09 May 2022. Payment date: 12 May 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 1.6%. Lower than top quartile of British dividend payers (4.6%). Lower than average of industry peers (8.7%). Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €29.52, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 6x in the Metals and Mining industry in the United Kingdom. Total returns to shareholders of 4.1% over the past three years. Reported Earnings • Feb 25
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$0.44 (up from US$1.47 loss in FY 2020). Revenue: US$1.20b (up 29% from FY 2020). Net income: US$13.8m (up US$55.5m from FY 2020). Profit margin: 1.1% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 17%, compared to a 4.1% growth forecast for the mining industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Recent Insider Transactions • Nov 04
Chairman of the Management Board & CEO recently bought €257k worth of stock On the 1st of November, Heinz Schimmelbusch bought around 10k shares on-market at roughly €25.67 per share. This was the largest purchase by an insider in the last 3 months. Heinz has been a buyer over the last 12 months, purchasing a net total of €699k worth in shares. Reported Earnings • Oct 28
Third quarter 2021 earnings released: US$0.02 loss per share (vs US$0.45 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: US$311.9m (up 58% from 3Q 2020). Net loss: US$599.0k (loss narrowed 95% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Reported Earnings • Sep 01
Second quarter 2021 earnings released: EPS US$0.11 (vs US$0.44 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$298.4m (up 44% from 2Q 2020). Net income: US$3.57m (up US$16.1m from 2Q 2020). Profit margin: 1.2% (up from net loss in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Reported Earnings • Jul 29
Second quarter 2021 earnings released: EPS US$0.11 (vs US$0.44 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$298.4m (up 44% from 2Q 2020). Net income: US$3.57m (up US$16.1m from 2Q 2020). Profit margin: 1.2% (up from net loss in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Executive Departure • May 12
Independent Member of the Supervisory Board has left the company On the 6th of May, Frank Lohner's tenure as Independent Member of the Supervisory Board ended after 2.4 years in the role. As of December 2020, Frank personally held 3.32k shares (€81k worth at the time). Frank is the only executive to leave the company over the last 12 months. Reported Earnings • May 07
First quarter 2021 earnings released: EPS US$0.18 (vs US$0.48 loss in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: US$264.0m (down 5.1% from 1Q 2020). Net income: US$5.10m (up US$18.7m from 1Q 2020). Profit margin: 1.9% (up from net loss in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Upcoming Dividend • May 04
Upcoming dividend of €0.10 per share Eligible shareholders must have bought the stock before 10 May 2021. Payment date: 13 May 2021. Trailing yield: 0.6%. Lower than top quartile of British dividend payers (4.0%). Lower than average of industry peers (5.1%). Reported Earnings • Mar 14
Full year 2020 earnings released: US$1.47 loss per share (vs US$1.64 loss in FY 2019) The company reported a soft full year result with weaker revenues and control over costs, although losses reduced. Full year 2020 results: Revenue: US$937.1m (down 21% from FY 2019). Net loss: US$41.7m (loss narrowed 14% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 93% 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. Analyst Estimate Surprise Post Earnings • Mar 14
Revenue misses expectations Revenue missed analyst estimates by 2.9%. Over the next year, revenue is forecast to grow 17%, compared to a 23% growth forecast for the Metals and Mining industry in the United Kingdom. Recent Insider Transactions • Mar 05
Chairman of the Management Board & CEO recently bought €443k worth of stock On the 25th of February, Heinz Schimmelbusch bought around 45k shares on-market at roughly €9.78 per share. This was the largest purchase by an insider in the last 3 months. Heinz has been a buyer over the last 12 months, purchasing a net total of €582k worth in shares. Reported Earnings • Feb 26
Full year 2020 earnings released: US$1.47 loss per share (vs US$1.64 loss in FY 2019) The company reported a soft full year result with weaker revenues and control over costs, although losses reduced. Full year 2020 results: Revenue: US$937.1m (down 21% from FY 2019). Net loss: US$41.7m (loss narrowed 14% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 93% 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. Analyst Estimate Surprise Post Earnings • Feb 26
Revenue misses expectations Revenue missed analyst estimates by 2.9%. Over the next year, revenue is forecast to grow 8.8%, compared to a 22% growth forecast for the Metals and Mining industry in the United Kingdom. 
