Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to €10.70, the stock trades at a trailing P/E ratio of 7.5x. Average forward P/E is 12x in the Auto Components industry in Germany. Total loss to shareholders of 16% over the past three years. Reported Earnings • May 05
First quarter 2026 earnings released: EPS: €0.63 (vs €0.60 in 1Q 2025) First quarter 2026 results: EPS: €0.63 (up from €0.60 in 1Q 2025). Revenue: €462.0m (down 5.2% from 1Q 2025). Net income: €10.2m (up 14% from 1Q 2025). Profit margin: 2.2% (up from 1.8% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Annonce • Apr 13
Grammer AG, Annual General Meeting, May 22, 2026 Grammer AG, Annual General Meeting, May 22, 2026, at 10:00 W. Europe Standard Time. New Risk • Feb 02
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 German 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 (2.6x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €7.30, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 11x in the Auto Components industry in Germany. Total loss to shareholders of 43% over the past three years. New Risk • Dec 22
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €83.5m (US$98.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. 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 Large one-off items impacting financial results. Market cap is less than US$100m (€83.5m market cap, or US$98.1m). Reported Earnings • Nov 03
Third quarter 2025 earnings released: EPS: €0.47 (vs €3.96 loss in 3Q 2024) Third quarter 2025 results: EPS: €0.47 (up from €3.96 loss in 3Q 2024). Revenue: €433.2m (down 8.4% from 3Q 2024). Net income: €6.98m (up €66.3m from 3Q 2024). Profit margin: 1.6% (up from net loss in 3Q 2024). Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 5.9% decline forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Annonce • Oct 12
Grammer AG to Report Nine Months, 2025 Results on Oct 30, 2025 Grammer AG announced that they will report nine months, 2025 results on Oct 30, 2025 Reported Earnings • Aug 17
Second quarter 2025 earnings released: EPS: €0.23 (vs €0.18 in 2Q 2024) Second quarter 2025 results: EPS: €0.23 (up from €0.18 in 2Q 2024). Revenue: €466.2m (down 16% from 2Q 2024). Net income: €4.10m (up 55% from 2Q 2024). Profit margin: 0.9% (up from 0.5% in 2Q 2024). Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Reported Earnings • May 02
First quarter 2025 earnings released: EPS: €0.60 (vs €0.43 loss in 1Q 2024) First quarter 2025 results: EPS: €0.60 (up from €0.43 loss in 1Q 2024). Revenue: €487.4m (down 12% from 1Q 2024). Net income: €9.66m (up €16.0m from 1Q 2024). Profit margin: 2.0% (up from net loss in 1Q 2024). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Annonce • Apr 14
Grammer AG, Annual General Meeting, May 22, 2025 Grammer AG, Annual General Meeting, May 22, 2025, at 10:00 W. Europe Standard Time. Price Target Changed • Mar 26
Price target decreased by 11% to €12.00 Down from €13.50, the current price target is provided by 1 analyst. New target price is 70% above last closing price of €7.05. Stock is down 35% over the past year. The company is forecast to post earnings per share of €0.47 for next year compared to €0.12 last year. Annonce • Feb 20
Grammer AG Announces Chairman and Other Members of the Supervisory Board Resign Prematurely The Supervisory Board of GRAMMER AG is to be comprehensively re-staffed as the mandates of the current shareholder representatives on the Supervisory Board expire. Five shareholder representatives, including the Chairman of the Supervisory Board, Dr. Martin Kleinschmitt, resigned from their positions with effect as of the end of March 31, 2025, in order to pave the way for the intended new appointments ahead of schedule. The appointment of the designated successors will be requested from the competent court in a timely manner. The new members of the board are to be confirmed by the shareholders in accordance with the statutory regulation at the next Annual General Meeting of GRAMMER AG on May 22, 2025. Annonce • Feb 13
Grammer AG Announces Board Changes Grammer AG announced that Jurate Keblyte, member of the Executive Board since August 1, 2019, has decided to pursue a new career path and will leave the company at her own request on March 31, 2025. The Supervisory Board has therefore complied with Jurate Keblyte’s request to terminate her Executive Board contract prematurely and has appointed Thomas Strobl to the Executive Board with effect from April 1, 2025, for an initial term of one year. Thomas Strobl has many years of experience in finance and controlling in various industries. Since January 2024, he has been interim CFO of GRAMMER’s largest region EMEA. In this role, he was significantly involved in all activities to increase efficiency, in particular the TOP10 program. New Risk • Nov 12
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €93.2m (US$98.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.4x net interest cover). Minor Risk Market cap is less than US$100m (€93.2m market cap, or US$98.9m). New Risk • Aug 29
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 German 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 (1.4x net interest cover). Minor Risk Share price has been volatile over the past 3 months (6.7% average weekly change). Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: €0.45 (vs €0.24 loss in 2Q 2023) Second quarter 2024 results: EPS: €0.45 (up from €0.24 loss in 2Q 2023). Revenue: €558.0m (down 4.4% from 2Q 2023). Net income: €3.53m (up €7.04m from 2Q 2023). Profit margin: 0.6% (up from net loss in 2Q 2023). Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has fallen by 32% per year, which means it is performing significantly worse than earnings. Reported Earnings • Apr 30
First quarter 2024 earnings released: €0.43 loss per share (vs €0.19 profit in 1Q 2023) First quarter 2024 results: €0.43 loss per share (down from €0.19 profit in 1Q 2023). Revenue: €556.6m (down 5.5% from 1Q 2023). Net loss: €6.36m (down 329% from profit in 1Q 2023). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has fallen by 27% per year whereas the company’s share price has fallen by 25% per year. New Risk • Apr 12
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 German stocks, typically moving 6.8% 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 (1.3x net interest cover). Minor Risk Share price has been volatile over the past 3 months (6.8% average weekly change). Reported Earnings • Mar 30
Full year 2023 earnings released: EPS: €0.12 (vs €5.26 loss in FY 2022) Full year 2023 results: EPS: €0.12 (up from €5.26 loss in FY 2022). Revenue: €2.30b (up 6.8% from FY 2022). Net income: €2.51m (up €80.9m from FY 2022). Profit margin: 0.1% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has fallen by 26% per year, which means it is performing significantly worse than earnings. Annonce • Dec 21
Grammer AG, Annual General Meeting, Jun 04, 2024 Grammer AG, Annual General Meeting, Jun 04, 2024. Annonce • Dec 19
Grammer AG Provides Earnings Forecast for 2023 Grammer AG provided earnings forecast for 2023. For the year, company expects that, the full-year forecast for operating EBIT is not achievable from today's perspective (forecast operating EBIT 2023: around EUR 70 million). Overall, however, GRAMMER AG expects operating EBIT to be significantly above the previous year's level (2022: EUR 35.5 million). However, the forecast for Group revenue of around EUR 2.2 billion is likely to be achieved. Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: €0.037 (vs €0.65 in 3Q 2022) Third quarter 2023 results: EPS: €0.037 (down from €0.65 in 3Q 2022). Revenue: €561.9m (flat on 3Q 2022). Net income: €1.76m (down 82% from 3Q 2022). Profit margin: 0.3% (down from 1.7% in 3Q 2022). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 13% per year. Annonce • Oct 11
Grammer AG Provides Earnings Guidance for the Fourth Quarter and Full Year of 2023 Grammer AG provided earnings guidance for the fourth quarter and full year of 2023. As in the previous year, a strong fourth quarter is again expected in 2023.Full-year forecast of Group revenue of around EUR 2.2 billion and operating EBIT of around EUR 70 million confirmed. Reported Earnings • Aug 16
Second quarter 2023 earnings released: €0.90 loss per share (vs €1.14 loss in 2Q 2022) Second quarter 2023 results: €0.90 loss per share (improved from €1.14 loss in 2Q 2022). Revenue: €583.5m (up 12% from 2Q 2022). Net loss: €3.24m (loss narrowed 81% from 2Q 2022). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Auto Components industry in Germany. 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 4% per year, which means it has not declined as severely as earnings. New Risk • Jul 25
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 German stocks, typically moving 6.5% 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 Interest payments are not well covered by earnings (1.3x net interest cover). Minor Risk Share price has been volatile over the past 3 months (6.5% average weekly change). Reported Earnings • Apr 02
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: €5.26 loss per share (down from €0.083 profit in FY 2021). Revenue: €2.16b (up 13% from FY 2021). Net loss: €77.8m (down €79.0m from profit in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.8%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Price Target Changed • Mar 28
Price target decreased by 15% to €16.65 Down from €19.50, the current price target is an average from 2 analysts. New target price is 19% above last closing price of €13.95. Stock is down 13% over the past year. The company is forecast to post a net loss per share of €4.88 compared to earnings per share of €0.083 last year. Price Target Changed • Nov 16
Price target decreased to €19.50 Down from €22.00, the current price target is an average from 2 analysts. New target price is 86% above last closing price of €10.50. Stock is down 46% over the past year. The company is forecast to post a net loss per share of €0.32 compared to earnings per share of €0.083 last year. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: €0.75 (vs €0.30 loss in 3Q 2021) Third quarter 2022 results: EPS: €0.75 (up from €0.30 loss in 3Q 2021). Revenue: €558.6m (up 29% from 3Q 2021). Net income: €10.1m (up €15.0m from 3Q 2021). Profit margin: 1.8% (up from net loss in 3Q 2021). Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 14
Second quarter 2022 earnings released: €1.21 loss per share (vs €0.33 profit in 2Q 2021) Second quarter 2022 results: €1.21 loss per share (down from €0.33 profit in 2Q 2021). Revenue: €519.6m (up 11% from 2Q 2021). Net loss: €16.0m (down 416% from profit in 2Q 2021). Over the next year, revenue is forecast to grow 3.5%, compared to a 9.8% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings. Price Target Changed • Aug 12
Price target decreased to €19.50 Down from €23.50, the current price target is an average from 2 analysts. New target price is 88% above last closing price of €10.40. Stock is down 57% over the past year. The company is forecast to post earnings per share of €0.29 for next year compared to €0.083 last year. Reported Earnings • May 01
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: €0.53 loss per share (down from €0.88 profit in 1Q 2021). Revenue: €515.0m (up 2.2% from 1Q 2021). Net loss: €8.55m (down 165% from profit in 1Q 2021). Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) missed analyst estimates. Over the next year, revenue is forecast to grow 3.6%, compared to a 9.4% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 02
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: €0.08 (up from €5.10 loss in FY 2020). Revenue: €1.90b (up 11% from FY 2020). Net income: €1.85m (up €66.2m from FY 2020). Profit margin: 0.1% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) missed analyst estimates by 24%. Over the next year, revenue is forecast to grow 5.3%, compared to a 8.7% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorated over the past week After last week's 18% share price decline to €14.70, the stock trades at a forward P/E ratio of 57x. Average forward P/E is 9x in the Auto Components industry in Germany. Total loss to shareholders of 55% over the past three years. Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS €0.33 (vs €4.02 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €468.8m (up 67% from 2Q 2020). Net income: €5.06m (up €54.5m from 2Q 2020). Profit margin: 1.1% (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 50 percentage points per year, which is a significant difference in performance. Reported Earnings • May 02
First quarter 2021 earnings released: EPS €0.88 (vs €0.80 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €503.7m (up 11% from 1Q 2020). Net income: €13.2m (up €23.0m from 1Q 2020). Profit margin: 2.6% (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 64 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 05
Full year 2020 earnings released: €5.10 loss per share (vs €3.56 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €1.71b (down 16% from FY 2019). Net loss: €64.3m (down 247% from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 04
New 90-day high: €24.20 The company is up 41% from its price of €17.15 on 05 November 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €88.59 per share. Price Target Changed • Jan 28
Price target raised to €19.25 Up from €16.50, the current price target is an average from 2 analysts. The new target price is 8.3% below the current share price of €21.00. As of last close, the stock is down 31% over the past year.