Reported Earnings • May 14
First quarter 2026 earnings released: €0.25 loss per share (vs €0.04 loss in 1Q 2025) First quarter 2026 results: €0.25 loss per share (further deteriorated from €0.04 loss in 1Q 2025). Revenue: €13.3m (down 9.7% from 1Q 2025). Net loss: €8.36m (loss widened €7.04m from 1Q 2025). Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Industrials industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Annonce • Apr 24
3U Holding AG, Annual General Meeting, Jun 03, 2026 3U Holding AG, Annual General Meeting, Jun 03, 2026, at 11:00 W. Europe Standard Time. Major Estimate Revision • Apr 17
Consensus EPS estimates fall by 62% The consensus outlook for fiscal year 2026 has been updated. 2026 expected loss increased from -€0.087 to -€0.14 per share. Revenue forecast unchanged at €60.3m. Industrials industry in Germany expected to see average net income growth of 59% next year. Consensus price target up from €1.90 to €2.00. Share price rose 11% to €1.17 over the past week. Reported Earnings • Apr 02
Full year 2025 earnings released: €0.26 loss per share (vs €0.022 profit in FY 2024) Full year 2025 results: €0.26 loss per share (down from €0.022 profit in FY 2024). Revenue: €56.3m (down 1.8% from FY 2024). Net loss: €8.88m (down €9.61m from profit in FY 2024). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Industrials industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Annonce • Dec 20
3U Holding AG Announces First New Wind Turbine of the Langendorf Repowering Project Goes Online 3U HOLDING AG has been achieved: The first of a total of five new wind turbines has been successfully connected to the grid and is now feeding in environmentally compatible electricity. The Group's upgrading project is therefore running true to schedule while sending a strong signal for the region's energy transition. The repowering project involves replacing seven old turbines by five Vesta turbines with a hub height of 169 metres and a rotor diameter of 162 metres. Each turbine has a nominal capacity of 6.2 megawatts, which will raise the wind farm's overall output from 22.5 megawatts to 43 megawatts. The power production anticipated will increase even more significantly, providing around 30,000 households with green electricity. Moreover, the wind farm will also save more than 40,000 tons of carbon dioxide a year. Construction work in Langendorf commenced at the start of the year, with completion and full commissioning of the facilities planned by February 2026. With an investment volume of around EUR 70 million, the project is the heartpiece of 3U HOLDING AG's strategic capacity expansion. These upgrading measures will ramp up the combined output of all the Group's wind farms and of the solar park in Adelebsen from originally 53 megawatts to more than 73 megawatts. Price Target Changed • Nov 18
Price target decreased by 8.8% to €2.07 Down from €2.27, the current price target is an average from 3 analysts. New target price is 55% above last closing price of €1.34. Stock is down 19% over the past year. The company is forecast to post a net loss per share of €0.20 compared to earnings per share of €0.022 last year. Price Target Changed • Nov 12
Price target decreased by 8.2% to €2.23 Down from €2.43, the current price target is an average from 3 analysts. New target price is 62% above last closing price of €1.38. Stock is down 14% over the past year. The company is forecast to post a net loss per share of €0.19 compared to earnings per share of €0.022 last year. Reported Earnings • Nov 12
Third quarter 2025 earnings released: €0.09 loss per share (vs €0 in 3Q 2024) Third quarter 2025 results: €0.09 loss per share (further deteriorated from €0 in 3Q 2024). Revenue: €13.8m (up 4.6% from 3Q 2024). Net loss: €3.02m (down €3.02m from profit in 3Q 2024). Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Industrials industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Nov 07
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €60.1m to €57.5m. Losses expected to increase from €0.16 per share to €0.17. Industrials industry in Germany expected to see average net income growth of 19% next year. Consensus price target down from €2.43 to €2.27. Share price fell 7.5% to €1.36 over the past week. Major Estimate Revision • Aug 21
Consensus EPS estimates fall by 29% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €63.0m to €61.4m. Losses expected to increase from €0.11 per share to €0.15. Industrials industry in Germany expected to see average net income growth of 16% next year. Consensus price target broadly unchanged at €2.57. Share price fell 2.5% to €1.58 over the past week. Reported Earnings • Aug 15
Second quarter 2025 earnings released: €0.04 loss per share (vs €0.021 profit in 2Q 2024) Second quarter 2025 results: €0.04 loss per share (down from €0.021 profit in 2Q 2024). Revenue: €14.4m (down 5.8% from 2Q 2024). Net loss: €1.27m (down 283% from profit in 2Q 2024). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Industrials industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. Major Estimate Revision • May 28
Consensus EPS estimates fall by 13% The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -€0.10 to -€0.113 per share. Revenue forecast unchanged at €63.0m. Industrials industry in Germany expected to see average net income growth of 13% next year. Consensus price target broadly unchanged at €2.60. Share price was steady at €1.53 over the past week. Reported Earnings • May 14
First quarter 2025 earnings released First quarter 2025 results: €0.04 loss per share. Revenue: €15.4m (up 12% from 1Q 2024). Net loss: €1.32m (down €1.39m from profit in 1Q 2024). Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Industrials industry in Europe. Over the last 3 years on average, earnings per share has fallen by 43% 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. Annonce • Apr 18
3U Holding AG, Annual General Meeting, May 28, 2025 3U Holding AG, Annual General Meeting, May 28, 2025, at 11:00 W. Europe Standard Time. Major Estimate Revision • Apr 17
Consensus EPS estimates fall by 36% The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -€0.073 to -€0.10 per share. Revenue forecast unchanged at €63.3m. Industrials industry in Germany expected to see average net income growth of 15% next year. Consensus price target of €2.63 unchanged from last update. Share price rose 3.9% to €1.48 over the past week. New Risk • Apr 07
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 61% 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 102% Paying a dividend despite having no free cash flows. Earnings are forecast to decline by an average of 61% per year for the foreseeable future. High level of non-cash earnings (35% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (1.2% net profit margin). Market cap is less than US$100m (€48.1m market cap, or US$52.7m). Reported Earnings • Apr 03
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: €0.02 (down from €0.07 in FY 2023). Revenue: €61.8m (up 18% from FY 2023). Net income: €732.0k (down 71% from FY 2023). Profit margin: 1.2% (down from 4.9% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Industrials industry in Europe. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Price Target Changed • Mar 18
Price target decreased by 8.1% to €2.63 Down from €2.87, the current price target is an average from 3 analysts. New target price is 61% above last closing price of €1.64. Stock is down 8.1% over the past year. The company is forecast to post a net loss per share of €0.01 compared to earnings per share of €0.07 last year. Annonce • Feb 04
3U Holding AG (XTRA:UUU) acquired Empur Produktionsges. mbh, Gks GmbH & Co. Kg, and Em-Plan GmbH. 3U Holding AG (XTRA:UUU) acquired Empur Produktionsges. mbh, Gks GmbH & Co. Kg, and Em-Plan GmbH on February 3, 2025. Upon the acquisition of EMPUR Produktionsgesellschaft mbH and its sister companies GKS GmbH & Co. KG and EM-Plan GmbH, with economic effect as of 1 January 2025, the 3U Group will be integrating a leading manufacturer of water-based surface heating systems in Germany, thereby expanding its vertical integration and the range of services associated with its core product of surface heating systems. The investment has been rounded off by purchasing further production capacity for floor heating components. Upon termination of the insolvency proceedings over the assets of EMPUR Produktionsgesellschaft mbH and transfer to the 3U Group, the company will continue to operate independently in the future. 3U remitted the purchase price from existing funds. The parties have agreed to keep details on the conditions of the transaction confidential.
3U Holding AG (XTRA:UUU) completed the acquisition of Empur Produktionsges. mbh, Gks GmbH & Co. Kg, and Em-Plan GmbH on February 3, 2025. Major Estimate Revision • Dec 11
Consensus EPS estimates fall by 17% The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -€0.02 to -€0.023 per share. Revenue forecast unchanged at €55.4m. Industrials industry in Germany expected to see average net income growth of 20% next year. Consensus price target down from €4.43 to €2.77. Share price was steady at €1.62 over the past week. Price Target Changed • Dec 09
Price target decreased by 36% to €2.90 Down from €4.50, the current price target is an average from 3 analysts. New target price is 80% above last closing price of €1.61. Stock is down 23% over the past year. The company is forecast to post a net loss per share of €0.02 compared to earnings per share of €0.07 last year. Major Estimate Revision • Nov 19
Consensus EPS estimates fall by 100% The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -€0.01 to -€0.02 per share. Revenue forecast unchanged at €55.5m. Industrials industry in Germany expected to see average net income growth of 20% next year. Consensus price target broadly unchanged at €4.43. Share price rose 3.5% to €1.64 over the past week. Reported Earnings • Nov 14
Third quarter 2024 earnings released: EPS: €0 (vs €0.001 loss in 3Q 2023) Third quarter 2024 results: EPS: €0 (improved from €0.001 loss in 3Q 2023). Revenue: €13.8m (up 4.5% from 3Q 2023). Net income: €3.0k (up €22.0k from 3Q 2023). Profit margin: 0% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Industrials industry in Europe. 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 29% per year, which means it is performing significantly worse than earnings. Major Estimate Revision • Nov 06
Consensus EPS estimates have been downgraded. The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €58.4m to €55.1m. Losses expected to increase from €0 per share to €0.01. Industrials industry in Germany expected to see average net income growth of 16% next year. Consensus price target broadly unchanged at €4.50. Share price fell 6.3% to €1.54 over the past week. Major Estimate Revision • Aug 20
Consensus EPS estimates increase from loss to €0.00 profit The consensus outlook for fiscal year 2024 has been updated. 2024 forecast for profit of -€0.0033 instead of a loss of €0.00 per share previously. Revenue forecast unchanged at €58.2m. Industrials industry in Germany expected to see average net income growth of 18% next year. Consensus price target broadly unchanged at €4.63. Share price was steady at €1.75 over the past week. Reported Earnings • Aug 14
Second quarter 2024 earnings released: EPS: €0.02 (vs €0.005 in 2Q 2023) Second quarter 2024 results: EPS: €0.02 (up from €0.005 in 2Q 2023). Revenue: €16.7m (up 36% from 2Q 2023). Net income: €695.0k (up 251% from 2Q 2023). Profit margin: 4.2% (up from 1.6% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Industrials industry in Europe. Over the last 3 years on average, earnings per share has fallen by 19% per year and the company’s share price has also fallen by 19% per year. Upcoming Dividend • May 22
Upcoming dividend of €0.05 per share Eligible shareholders must have bought the stock before 29 May 2024. Payment date: 31 May 2024. Payout ratio is a comfortable 71% but the company is paying out more than the cash it is generating. Trailing yield: 2.5%. Lower than top quartile of German dividend payers (4.6%). In line with average of industry peers (2.6%). Reported Earnings • May 19
First quarter 2024 earnings released First quarter 2024 results: Revenue: €14.4m (up 5.1% from 1Q 2023). Net income: €69.0k (down 95% from 1Q 2023). Profit margin: 0.5% (down from 10% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Industrials industry in Europe. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 15% per year. Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €2.17, the stock trades at a forward P/E ratio of 433x. Average forward P/E is 17x in the Industrials industry in Europe. Total returns to shareholders of 83% over the past three years. Major Estimate Revision • Apr 19
Consensus EPS estimates fall by 79% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from €0.0233 to €0.005. Revenue forecast unchanged from €58.7m at last update. Net income forecast to shrink 92% next year vs 14% growth forecast for Industrials industry in Germany . Consensus price target up from €3.10 to €4.70. Share price rose 9.7% to €2.02 over the past week. Price Target Changed • Apr 19
Price target increased by 7.7% to €3.27 Up from €3.03, the current price target is an average from 4 analysts. New target price is 75% above last closing price of €1.87. Stock is down 66% over the past year. The company is forecast to post earnings per share of €0.005 for next year compared to €0.07 last year. Major Estimate Revision • Apr 17
Consensus EPS estimates fall by 88% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from €0.04 to €0.005 per share. Revenue forecast steady at €58.7m. Net income forecast to shrink 92% next year vs 14% growth forecast for Industrials industry in Germany . Consensus price target up from €3.03 to €3.10. Share price rose 3.1% to €1.84 over the past week. Reported Earnings • Mar 31
Full year 2023 earnings released: EPS: €0.07 (vs €0.089 in FY 2022) Full year 2023 results: EPS: €0.07 (down from €0.089 in FY 2022). Revenue: €54.8m (down 7.9% from FY 2022). Net income: €2.55m (down 19% from FY 2022). Profit margin: 4.7% (down from 5.3% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Industrials industry in Europe. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 19% per year. Declared Dividend • Mar 13
Dividend of €0.05 announced Shareholders will receive a dividend of €0.05. Ex-date: 29th May 2024 Payment date: 31st May 2024 Dividend yield will be 2.8%, which is about the same as the industry average. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 71x earnings) 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 128% per year over the past 7 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 7,790% to bring the payout ratio under control. EPS is expected to grow by 103% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €2.09, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 17x in the Industrials industry in Europe. Total returns to shareholders of 119% over the past three years. Reported Earnings • Nov 10
Third quarter 2023 earnings released: €0.001 loss per share (vs €4.45 profit in 3Q 2022) Third quarter 2023 results: €0.001 loss per share (down from €4.45 profit in 3Q 2022). Revenue: €13.2m (down 93% from 3Q 2022). Net loss: €19.0k (down 100% from profit in 3Q 2022). Revenue is forecast to grow 40% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Industrials industry in Europe. 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 6% per year, which means it is well ahead of earnings. Major Estimate Revision • Nov 07
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from €55.8m to €54.4m. EPS estimate also fell from €0.087 per share to €0.077 per share. Net income forecast to grow 1.6% next year vs 17% growth forecast for Industrials industry in Germany. Consensus price target broadly unchanged at €2.93. Share price was steady at €2.38 over the past week. Annonce • Nov 03
3U Holding AG Revises Earnings Guidance for the Year 2023 3U Holding AG revised earnings guidance for the year 2023. For the year, the company consolidated revenues are expected to be around EUR 52.0 to 56.0 million (previously: EUR 55.0 to 60.0 million). The expectations for net income are in a range of EUR 1.5 to 2.5 million (previously: EUR 2.5 to 3.5 million). Annonce • Aug 30
3U Holding AG (XTRA:UUU) completed the acquisition of Cs Communication Systems Gmbh. 3U Holding AG (XTRA:UUU) agreed to acquire Cs Communication Systems Gmbh on August 2, 2023. The purchase price payment will be made using 3U's existing financial resources. The final closing conditions have been fully met as of August 29, 2023. In the 2022 financial year, the Cs Communication achieved a revenue of around €8.2 million.
3U Holding AG (XTRA:UUU) completed the acquisition of Cs Communication Systems Gmbh on August 30, 2023. Reported Earnings • Aug 17
Second quarter 2023 earnings released: EPS: €0.01 (vs €0.009 in 2Q 2022) Second quarter 2023 results: EPS: €0.01. Revenue: €12.3m (down 32% from 2Q 2022). Net income: €198.0k (down 35% from 2Q 2022). Profit margin: 1.6% (down from 1.7% in 2Q 2022). Revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Industrials industry in Europe. Annonce • Jul 21
3U Holding AG Showcases Its New Design and Additional Functionalities 3U HOLDING AG showcases its new design and additional functionalities. Since July 18, 2023, the website of 3U HOLDING AG (ISIN DE0005167902) now presents a new look. The company has traditionally placed great emphasis on information and transparency and fosters the regular exchange of information with all stakeholders. The website provides interested parties with direct access to a wide range of documents and materials that 3U provides in an updated form and as a historical archive. The new relaunch of the website features a contemporary design and an easier overview of the various control functions. The responsive design enables content to be displayed on all manner of devices. Naturally, the website carries a wealth of updated and historical financial reports, key documents on corporate governance at 3U, upcoming dates and information on the 3U share. Under the motto of "Successful in Megatrends", it gives an insight into the three megatrends in which 3U currently operates, as well as the respective business models, along with the products and services on offer. The webpages presenting information on the areas of business and segments provide direct access to the live websites of the subsidiaries. Along with data and facts, comprehensive commentaries and interviews, video recordings and background discussions promote an understanding of 3U, its strategies and its prospects. links to the YouTube channel and to the social media accounts provide opportunities for interaction and encourage dialogue. The website offers extensive information on 3U as an employer under a dedicated heading. Budding experts in the fields of IT, marketing and office management report on their everyday experiences in a "Trainee blog". In summary: 3U HOLDING AG presents itself as an investment company with an understanding of actively promoting and driving the business of its subsidiaries in megatrends while acquiring assets suitable for enhancing and monetizing value in the interest of its stakeholders and - last but not least - as a company that seeks and fosters interaction. Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €2.64, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 13x in the Industrials industry in Europe. Total returns to shareholders of 357% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.70 per share. New Risk • Jul 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Dividend is not well covered by earnings and cash flows. Dividend per share is over 38x earnings per share. Paying a dividend despite having no free cash flows. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (4.0% increase in shares outstanding). Market cap is less than US$100m (€81.5m market cap, or US$88.5m). Price Target Changed • Jun 13
Price target decreased by 14% to €4.85 Down from €5.67, the current price target is an average from 3 analysts. New target price is 89% above last closing price of €2.57. Stock is up 10% over the past year. The company is forecast to post earnings per share of €0.08 for next year compared to €0.089 last year. Buying Opportunity • May 16
Now 43% undervalued after recent price drop Over the last 90 days, the stock is down 28%. The fair value is estimated to be €5.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.1% over the last 3 years. Earnings per share has grown by 102%. For the next 3 years, revenue is forecast to grow by 5.2% per annum. Earnings is also forecast to grow by 15% per annum over the same time period. Upcoming Dividend • May 09
Upcoming dividend of €3.20 per share Eligible shareholders must have bought the stock before 16 May 2023. Payment date: 19 May 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 59%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.9%). Reported Earnings • Apr 09
Full year 2022 earnings released: EPS: €0.089 (vs €0.083 in FY 2021) Full year 2022 results: EPS: €0.089 (up from €0.083 in FY 2021). Revenue: €63.5m (up 12% from FY 2021). Net income: €3.15m (up 8.0% from FY 2021). Profit margin: 5.0% (in line with FY 2021). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Industrials industry in Europe. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 59% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Nov 21
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from €68.0m to €65.7m. EPS estimate rose from €0.09 to €2.30. Net income forecast to shrink 97% next year vs 28% growth forecast for Industrials industry in Germany . Consensus price target up from €5.50 to €5.65. Share price was steady at €4.20 over the past week. Reported Earnings • Nov 11
Third quarter 2022 earnings released: EPS: €4.45 (vs €0.02 loss in 3Q 2021) Third quarter 2022 results: EPS: €4.45 (up from €0.02 loss in 3Q 2021). Revenue: €182.6m (up €169.4m from 3Q 2021). Net income: €157.1m (up €157.7m from 3Q 2021). Profit margin: 86% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue is expected to decline by 65% p.a. on average during the next 2 years, while revenues in the Industrials industry in Europe are expected to grow by 4.5%. Over the last 3 years on average, earnings per share has increased by 129% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Price Target Changed • Sep 12
Price target increased to €4.80 Up from €3.90, the current price target is an average from 2 analysts. New target price is 24% above last closing price of €3.88. Stock is up 4.3% over the past year. The company is forecast to post earnings per share of €0.09 for next year compared to €0.083 last year. Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment improved over the past week After last week's 41% share price gain to €3.71, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 14x in the Industrials industry in Europe. Total returns to shareholders of 171% over the past three years. Major Estimate Revision • Aug 19
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from €0.07 to €0.09. Revenue forecast unchanged at €67.0m. Net income forecast to shrink 8.3% next year vs 2.3% growth forecast for Industrials industry in Germany . Consensus price target broadly unchanged at €3.85. Share price was steady at €2.60 over the past week. Reported Earnings • Aug 12
Second quarter 2022 earnings released: EPS: €0.01 (vs €0.01 loss in 2Q 2021) Second quarter 2022 results: EPS: €0.01 (up from €0.01 loss in 2Q 2021). Revenue: €18.0m (up 36% from 2Q 2021). Net income: €304.0k (up €652.0k from 2Q 2021). Profit margin: 1.7% (up from net loss in 2Q 2021). Over the next year, revenue is forecast to grow 9.7%, compared to a 6.6% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • May 19
Upcoming dividend of €0.05 per share Eligible shareholders must have bought the stock before 26 May 2022. Payment date: 30 May 2022. Payout ratio is a comfortable 70% but the company is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (4.4%). Lower than average of industry peers (3.5%). Reported Earnings • May 14
First quarter 2022 earnings: EPS in line with expectations, revenues disappoint First quarter 2022 results: EPS: €0.04 (down from €0.05 in 1Q 2021). Revenue: €19.3m (up 37% from 1Q 2021). Net income: €1.39m (down 24% from 1Q 2021). Profit margin: 7.2% (down from 13% in 1Q 2021). Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 19%, compared to a 7.6% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Apr 15
Price target decreased to €4.10 Down from €4.45, the current price target is an average from 2 analysts. New target price is 61% above last closing price of €2.54. Stock is down 25% over the past year. The company is forecast to post earnings per share of €0.075 for next year compared to €0.083 last year. Reported Earnings • Apr 10
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: €0.08 (down from €0.095 in FY 2020). Revenue: €63.6m (up 3.8% from FY 2020). Net income: €2.92m (down 11% from FY 2020). Profit margin: 4.6% (down from 5.3% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 11%, compared to a 9.8% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 30% per year. Annonce • Apr 07
3U Holding AG Announces Resignation of Michael Schmidt from the Management Board with Effect from May 25, 2022 3U Holding AG announced resignation of Michael Schmidt from the Management Board for health reasons with effect from May 25, 2022. At the same time, Schmidt, a major shareholder of the Company with a shareholding of 25.49% of the shares, has submitted a proposal to the Supervisory Board pursuant to section 100 para. 2 sentence 1 no. 4 of the German Stock Corporation Act (AktG) to elect him to the Supervisory Board of the Company. The Supervisory Board intends to adopt this proposal and, against this background, also to propose to the Annual General Meeting that the Supervisory Board be expanded to four members. The Supervisory Board intends to reappoint Christoph Hellrung, currently Chief Financial Officer of weclapp SE, as a member of the Management Board of 3U HOLDING AG. Michael Schmidt was one of the founders of 3U Telekommunikation GmbH in 1997 and Head of Technology at the company until 2002. In the same year he was appointed to the Management Board of 3U HOLDING AG, at that time still trading as 3U TELECOM AG, and has been Spokesman of the Management Board since 2011. Price Target Changed • Feb 09
Price target increased to €4.45 Up from €3.87, the current price target is an average from 3 analysts. New target price is 49% above last closing price of €2.98. Stock is up 13% over the past year. The company is forecast to post earnings per share of €0.077 for next year compared to €0.095 last year. Price Target Changed • Nov 26
Price target increased to €4.03 Up from €3.67, the current price target is an average from 3 analysts. New target price is 7.1% below last closing price of €4.34. Stock is up 109% over the past year. The company is forecast to post earnings per share of €0.073 for next year compared to €0.095 last year. Price Target Changed • Nov 18
Price target increased to €3.87 Up from €3.57, the current price target is an average from 3 analysts. New target price is 14% below last closing price of €4.51. Stock is up 119% over the past year. The company is forecast to post earnings per share of €0.073 for next year compared to €0.095 last year. Reported Earnings • Nov 12
Third quarter 2021 earnings released: €0.02 loss per share (vs €0.004 loss in 3Q 2020) The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: €13.4m (down 4.8% from 3Q 2020). Net loss: €524.0k (loss widened 291% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 61% per year, which means it is tracking significantly ahead of earnings growth. 