Reported Earnings • May 20
First quarter 2026 earnings released First quarter 2026 results: EPS: €0.024. Revenue: €445.1m (down 16% from 1Q 2025). Net income: €17.2m (down 64% from 1Q 2025). Profit margin: 3.9% (down from 9.1% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Forestry industry in Europe. Anuncio • May 07
The Navigator Company, S.A., Annual General Meeting, May 27, 2026 The Navigator Company, S.A., Annual General Meeting, May 27, 2026. Location: hotel ritz, rua rodrigo da fonseca no 88, lisbon Portugal Anuncio • May 07
The Navigator Company, S.A., Annual General Meeting, May 29, 2025 The Navigator Company, S.A., Annual General Meeting, May 29, 2025. Location: hotel ritz, rua rodrigo da fonseca 88, lisbon Portugal Reported Earnings • Oct 28
Third quarter 2024 earnings released: EPS: €0.12 (vs €0.089 in 3Q 2023) Third quarter 2024 results: EPS: €0.12 (up from €0.089 in 3Q 2023). Revenue: €561.2m (up 16% from 3Q 2023). Net income: €82.6m (up 31% from 3Q 2023). Profit margin: 15% (up from 13% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. New Risk • Jul 23
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 5.4% 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 5.4% per year for the foreseeable future. Minor Risks High level of debt (50% net debt to equity). Dividend is not well covered by cash flows (164% cash payout ratio). Reported Earnings • Jun 28
First quarter 2024 earnings released: EPS: €0.09 (vs €0.10 in 1Q 2023) First quarter 2024 results: EPS: €0.09 (down from €0.10 in 1Q 2023). Revenue: €537.2m (up 7.1% from 1Q 2023). Net income: €64.1m (down 11% from 1Q 2023). Profit margin: 12% (down from 14% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Jun 10
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.4% to €3.65. The fair value is estimated to be €4.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 30%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 2.8% in the next 2 years. Declared Dividend • May 29
Dividend of €0.21 announced Shareholders will receive a dividend of €0.21. Ex-date: 7th June 2024 Payment date: 11th June 2024 Dividend yield will be 5.2%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is covered by both earnings (56% earnings payout ratio) and cash flows (89.5% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 6.9% over the next 3 years. However, it would need to fall by 38% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • May 17
First quarter 2024 earnings released: EPS: €0.09 (vs €0.10 in 1Q 2023) First quarter 2024 results: EPS: €0.09 (down from €0.10 in 1Q 2023). Revenue: €554.6m (up 11% from 1Q 2023). Net income: €64.1m (down 11% from 1Q 2023). Profit margin: 12% (down from 14% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. New Risk • May 07
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.6% 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 2.6% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Apr 24
Full year 2023 earnings released: EPS: €0.39 (vs €0.55 in FY 2022) Full year 2023 results: EPS: €0.39 (down from €0.55 in FY 2022). Revenue: €1.97b (down 21% from FY 2022). Net income: €274.9m (down 30% from FY 2022). Profit margin: 14% (down from 16% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 22
Full year 2023 earnings released: EPS: €0.39 (vs €0.55 in FY 2022) Full year 2023 results: EPS: €0.39 (down from €0.55 in FY 2022). Revenue: €1.95b (down 21% from FY 2022). Net income: €274.9m (down 30% from FY 2022). Profit margin: 14% (down from 16% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: €0.089 (vs €0.15 in 3Q 2022) Third quarter 2023 results: EPS: €0.089 (down from €0.15 in 3Q 2022). Revenue: €526.5m (down 23% from 3Q 2022). Net income: €63.3m (down 42% from 3Q 2022). Profit margin: 12% (down from 16% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 4.7% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to grow by 1.4%. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. New Risk • Jul 24
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 48% 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: Major Risk Earnings are forecast to decline by an average of 19% per year for the foreseeable future. Minor Risks High level of debt (48% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Jul 23
Second quarter 2023 earnings released: EPS: €0.092 (vs €0.16 in 2Q 2022) Second quarter 2023 results: EPS: €0.092 (down from €0.16 in 2Q 2022). Revenue: €509.7m (down 22% from 2Q 2022). Net income: €65.8m (down 41% from 2Q 2022). Profit margin: 13% (down from 17% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to decline by 8.4% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 08
First quarter 2023 earnings released: EPS: €0.10 (vs €0.071 in 1Q 2022) First quarter 2023 results: EPS: €0.10 (up from €0.071 in 1Q 2022). Revenue: €501.6m (up 1.8% from 1Q 2022). Net income: €71.7m (up 42% from 1Q 2022). Profit margin: 14% (up from 10% in 1Q 2022). The increase in margin was primarily driven by lower expenses. Revenue is forecast to decline by 10% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 20
Full year 2022 earnings released: EPS: €0.55 (vs €0.24 in FY 2021) Full year 2022 results: EPS: €0.55 (up from €0.24 in FY 2021). Net income: €392.5m (up 129% from FY 2021). Revenue is forecast to grow 43% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 18
Full year 2022 earnings released: EPS: €0.55 (vs €0.24 in FY 2021) Full year 2022 results: EPS: €0.55 (up from €0.24 in FY 2021). Revenue: €2.54b (up 59% from FY 2021). Net income: €392.5m (up 129% from FY 2021). Profit margin: 16% (up from 11% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to decline by 16% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Dec 02
Third quarter 2022 earnings released: EPS: €0.15 (vs €0.07 in 3Q 2021) Third quarter 2022 results: EPS: €0.15 (up from €0.07 in 3Q 2021). Revenue: €679.6m (up 68% from 3Q 2021). Net income: €108.6m (up 118% from 3Q 2021). Profit margin: 16% (up from 12% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to decline by 6.8% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Dec 01
Upcoming dividend of €0.21 per share Eligible shareholders must have bought the stock before 08 December 2022. Payment date: 12 December 2022. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 11%. Within top quartile of German dividend payers (4.9%). Higher than average of industry peers (4.2%). Reported Earnings • Oct 04
Second quarter 2022 earnings released: EPS: €0.16 (vs €0.058 in 2Q 2021) Second quarter 2022 results: EPS: €0.16 (up from €0.058 in 2Q 2021). Revenue: €650.3m (up 74% from 2Q 2021). Net income: €111.3m (up 172% from 2Q 2021). Profit margin: 17% (up from 11% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to decline by 4.9% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 5% per year. Reported Earnings • Jul 23
Second quarter 2022 earnings released: EPS: €0.16 (vs €0.058 in 2Q 2021) Second quarter 2022 results: EPS: €0.16 (up from €0.058 in 2Q 2021). Revenue: €672.8m (up 80% from 2Q 2021). Net income: €111.3m (up 172% from 2Q 2021). Profit margin: 17% (up from 11% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 4.0% compared to a 6.2% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 8% per year. Reported Earnings • Apr 27
Full year 2021 earnings released: EPS: €0.24 (vs €0.15 in FY 2020) Full year 2021 results: EPS: €0.24 (up from €0.15 in FY 2020). Revenue: €1.60b (up 15% from FY 2020). Net income: €171.4m (up 57% from FY 2020). Profit margin: 11% (up from 7.9% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 9.9%, compared to a 5.8% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 24
Full year 2021 earnings released: EPS: €0.24 (vs €0.15 in FY 2020) Full year 2021 results: EPS: €0.24 (up from €0.15 in FY 2020). Revenue: €1.60b (up 15% from FY 2020). Net income: €171.4m (up 57% from FY 2020). Profit margin: 11% (up from 7.9% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 9.9%, compared to a 5.4% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 09
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: €0.24 (up from €0.15 in FY 2020). Revenue: €1.63b (up 17% from FY 2020). Net income: €171.4m (up 57% from FY 2020). Profit margin: 11% (up from 7.9% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.2%. Over the next year, revenue is forecast to grow 5.7%, compared to a 4.6% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 29
Third quarter 2021 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2021 results: EPS: €0.07 (up from €0.044 in 3Q 2020). Revenue: €405.5m (up 16% from 3Q 2020). Net income: €49.8m (up 60% from 3Q 2020). Profit margin: 12% (up from 8.9% in 3Q 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Over the next year, revenue is forecast to grow 8.9%, compared to a 3.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 27% 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. Reported Earnings • Oct 03
Second quarter 2021 earnings released: EPS €0.058 (vs €0.019 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €374.4m (up 29% from 2Q 2020). Net income: €40.9m (up 205% from 2Q 2020). Profit margin: 11% (up from 4.6% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Reported Earnings • Jul 28
Second quarter 2021 earnings released: EPS €0.058 (vs €0.019 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €390.5m (up 34% from 2Q 2020). Net income: €40.9m (up 205% from 2Q 2020). Profit margin: 11% (up from 4.6% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Reported Earnings • Jun 03
First quarter 2021 earnings released: EPS €0.033 (vs €0.043 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: €340.8m (down 16% from 1Q 2020). Net income: €23.5m (down 23% from 1Q 2020). Profit margin: 6.9% (down from 7.5% in 1Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 30% 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. Is New 90 Day High Low • Feb 18
New 90-day high: €2.68 The company is up 19% from its price of €2.24 on 19 November 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.86 per share. Analyst Estimate Surprise Post Earnings • Jan 27
Revenue misses expectations Revenue missed analyst estimates by 1.2%. Over the next year, revenue is forecast to grow 5.0% compared to a 1.7% decline forecast for the Forestry industry in Germany. Analyst Estimate Surprise Post Earnings • Dec 03
Revenue beats expectations Revenue exceeded analyst estimates by 0.1%. Over the next year, revenue is forecast to grow 3.2% compared to a 1.5% decline forecast for the Forestry industry in Germany. Upcoming Dividend • Dec 01
Upcoming Dividend of €0.14 Per Share Will be paid on the 10th of December to those who are registered shareholders by the 8th of December. The trailing yield of 5.6% is in the top quartile of German dividend payers (3.6%), and it is higher than industry peers (3.3%). Is New 90 Day High Low • Nov 25
New 90-day high: €2.37 The company is up 7.0% from its price of €2.22 on 26 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Forestry industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.75 per share. Is New 90 Day High Low • Oct 30
New 90-day low: €1.89 The company is down 11% from its price of €2.12 on 31 July 2020. The German market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Forestry industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.63 per share. Analyst Estimate Surprise Post Earnings • Oct 29
Third-quarter earnings released: Revenue beats expectations Third-quarter revenue exceeded analyst estimates by 0.1% at €348.4m. Revenue is forecast to grow 2.5% over the next year, compared to a 1.9% decline forecast for the Forestry industry in Germany. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of €96.0m, down 52% from the prior year. Total revenue was €1.47b over the last 12 months, down 14% from the prior year. Is New 90 Day High Low • Oct 14
New 90-day low: €2.04 The company is down 5.0% from its price of €2.14 on 16 July 2020. The German market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Forestry industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.50 per share. Reported Earnings • Oct 02
First half earnings released Over the last 12 months the company has reported total profits of €117.4m, down 42% from the prior year. Total revenue was €1.53b over the last 12 months, down 11% from the prior year. Is New 90 Day High Low • Sep 19
New 90-day high: €2.32 The company is up 5.0% from its price of €2.22 on 19 June 2020. The German market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Forestry industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.62 per share.