Annonce • 14h
Blue Cap AG to Report Q1, 2026 Results on May 19, 2026 Blue Cap AG announced that they will report Q1, 2026 results on May 19, 2026 Annonce • May 12
Blue Cap AG, Annual General Meeting, Jun 23, 2026 Blue Cap AG, Annual General Meeting, Jun 23, 2026, at 10:00 W. Europe Standard Time. Price Target Changed • May 06
Price target increased by 9.4% to €29.05 Up from €26.55, the current price target is an average from 4 analysts. New target price is 55% above last closing price of €18.75. Stock is up 16% over the past year. The company is forecast to post earnings per share of €9.31 for next year compared to €0.097 last year. Declared Dividend • May 02
Dividend of €1.60 announced Shareholders will receive a dividend of €1.60. Ex-date: 24th June 2026 Payment date: 26th June 2026 Dividend yield will be 8.6%, which is higher than the industry average of 2.7%. Sustainability & Growth The dividend has decreased over the past 86 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 85% over the next 3 years. Since a fall of 65% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk. Annonce • Apr 30
Blue Cap AG announces Annual dividend, payable on June 26, 2026 Blue Cap AG announced Annual dividend of EUR 0.6500 per share payable on June 26, 2026, ex-date on June 24, 2026 and record date on June 25, 2026. Price Target Changed • Mar 22
Price target decreased by 13% to €26.55 Down from €30.40, the current price target is an average from 4 analysts. New target price is 50% above last closing price of €17.70. Stock is up 1.1% over the past year. The company is forecast to post earnings per share of €11.52 for next year compared to €0.097 last year. New Risk • Nov 21
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €85.3m (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 Earnings are forecast to decline by an average of 60% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (€85.3m market cap, or US$98.1m). Major Estimate Revision • Nov 07
Consensus EPS estimates increase by 47% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from €9.10 to €13.33. Revenue forecast steady at €129.6m. Net income forecast to grow 207% next year vs 27% growth forecast for Capital Markets industry in Germany. Consensus price target broadly unchanged at €30.27. Share price was steady at €19.80 over the past week. Annonce • Oct 10
Blue Cap AG to Report Q3, 2025 Results on Nov 04, 2025 Blue Cap AG announced that they will report Q3, 2025 results on Nov 04, 2025 Reported Earnings • Aug 25
First half 2025 earnings released: EPS: €1.50 (vs €0.10 in 1H 2024) First half 2025 results: EPS: €1.50 (up from €0.10 in 1H 2024). Revenue: €106.6m (down 18% from 1H 2024). Net income: €6.73m (up €6.28m from 1H 2024). Profit margin: 6.3% (up from 0.3% in 1H 2024). Revenue is expected to decline by 2.5% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Germany are expected to grow by 1.4%. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Price Target Changed • Aug 22
Price target increased by 7.6% to €32.40 Up from €30.10, the current price target is an average from 2 analysts. New target price is 68% above last closing price of €19.30. Stock is up 15% over the past year. The company is forecast to post earnings per share of €9.47 for next year compared to €0.097 last year. Major Estimate Revision • Aug 20
Consensus revenue estimates decrease by 12%, EPS upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from €211.4m to €186.7m. EPS estimate increased from €0.823 to €2.45 per share. Net income forecast to grow 2,433% next year vs 21% growth forecast for Capital Markets industry in Germany. Consensus price target broadly unchanged at €30.43. Share price rose 3.8% to €19.10 over the past week. New Risk • Aug 19
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 15% 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 15% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (dividend per share is over 6x earnings per share). Large one-off items impacting financial results. Market cap is less than US$100m (€82.6m market cap, or US$96.5m). Annonce • Aug 14
Inteplast Group, Ltd. signed an agreement to acquire con-pearl GmbH from Blue Cap AG (XTRA:B7E). Inteplast Group, Ltd. signed an agreement to acquire con-pearl GmbH from Blue Cap AG (XTRA:B7E) on August 13, 2025.
The closing of the transaction is expected to take place in the third quarter of 2025. Annonce • Jul 02
Blue Cap AG to Report First Half, 2025 Results on Jul 30, 2025 Blue Cap AG announced that they will report first half, 2025 results on Jul 30, 2025 Annonce • Jun 30
Blue Cap AG Reaffirms Group Earnings Guidance for the Full Year 2025 Blue Cap AG reaffirmed group earnings guidance for the full year 2025. for the year, the expects Group revenue at the previous year’s level of between EUR 200 million and EUR 220 million. Upcoming Dividend • Jun 23
Upcoming dividend of €1.10 per share Eligible shareholders must have bought the stock before 30 June 2025. Payment date: 02 July 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.6%. Lower than top quartile of German dividend payers (4.4%). Higher than average of industry peers (2.5%). Annonce • May 21
Blue Cap AG, Annual General Meeting, Jun 27, 2025 Blue Cap AG, Annual General Meeting, Jun 27, 2025, at 11:00 W. Europe Standard Time. Declared Dividend • May 17
Dividend of €1.10 announced Shareholders will receive a dividend of €1.10. Ex-date: 30th June 2025 Payment date: 2nd July 2025 Dividend yield will be 6.3%, which is higher than the industry average of 2.7%. Sustainability & Growth The dividend has decreased over the past 76 years, indicating a lack of growth and stability in payments. Annonce • May 15
Blue Cap AG announces Annual dividend, payable on July 02, 2025 Blue Cap AG announced Annual dividend of EUR 0.6500 per share payable on July 02, 2025, ex-date on June 30, 2025 and record date on July 01, 2025. Annonce • May 09
Blue Cap AG to Report Q1, 2025 Results on May 14, 2025 Blue Cap AG announced that they will report Q1, 2025 results on May 14, 2025 Annonce • Mar 26
Blue Cap AG to Report Fiscal Year 2024 Results on Mar 28, 2025 Blue Cap AG announced that they will report fiscal year 2024 results on Mar 28, 2025 Price Target Changed • Feb 11
Price target decreased by 8.2% to €30.30 Down from €33.00, the current price target is an average from 3 analysts. New target price is 66% above last closing price of €18.30. Stock is up 4.0% over the past year. The company is forecast to post earnings per share of €4.48 next year compared to a net loss per share of €4.08 last year. Annonce • Oct 09
ATP adhesive systems AG signed an agreement to acquire Neschen AG (DB:NSN) from Blue Cap AG (XTRA:B7E). ATP adhesive systems AG signed an agreement to acquire Neschen AG (DB:NSN) from Blue Cap AG (XTRA:B7E) on October 7, 2024. The total proceeds (before taxes) are in the double-digit million range and around 10% above the net asset value valuation as of June 30, 2024. The sale of the company corresponds to an annual return on invested capital (internal rate of return) of around 44% and means a multiple on the capital invested of around 8x. New Risk • Aug 26
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 47% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (47% net debt to equity). Paying a dividend despite being loss-making. Market cap is less than US$100m (€75.4m market cap, or US$84.4m). Annonce • Jul 12
Blue Cap AG to Report First Half, 2024 Results on Jul 24, 2024 Blue Cap AG announced that they will report first half, 2024 results on Jul 24, 2024 Upcoming Dividend • Jun 18
Upcoming dividend of €0.65 per share Eligible shareholders must have bought the stock before 25 June 2024. Payment date: 27 June 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 3.2%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.9%). New Risk • Apr 29
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% 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: Minor Risks Paying a dividend despite being loss-making. Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Market cap is less than US$100m (€81.3m market cap, or US$87.1m). Declared Dividend • Apr 26
Dividend of €0.65 announced Shareholders will receive a dividend of €0.65. Ex-date: 25th June 2024 Payment date: 27th June 2024 Dividend yield will be 3.7%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (29% cash payout ratio). The dividend has decreased over the past 66 years, indicating a lack of growth and stability in payments. Reported Earnings • Apr 25
Full year 2023 earnings released: €4.02 loss per share (vs €2.78 profit in FY 2022) Full year 2023 results: €4.02 loss per share (down from €2.78 profit in FY 2022). Revenue: €279.9m (down 20% from FY 2022). Net loss: €18.1m (down 248% from profit in FY 2022). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Price Target Changed • Mar 18
Price target increased by 8.2% to €32.30 Up from €29.85, the current price target is an average from 2 analysts. New target price is 78% above last closing price of €18.10. Stock is down 23% over the past year. The company is forecast to post a net loss per share of €1.61 compared to earnings per share of €2.78 last year. Annonce • Mar 01
Blue Cap AG to Report Fiscal Year 2023 Results on Mar 13, 2024 Blue Cap AG announced that they will report fiscal year 2023 results on Mar 13, 2024 Major Estimate Revision • Nov 30
Consensus EPS estimates fall by 69% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from €281.4m to €271.4m. Losses expected to increase from €0.73 per share to €1.24. Capital Markets industry in Germany expected to see average net income growth of 9.3% next year. Consensus price target down from €33.85 to €29.85. Share price was steady at €17.50 over the past week. Price Target Changed • Nov 29
Price target decreased by 14% to €29.85 Down from €34.65, the current price target is an average from 2 analysts. New target price is 71% above last closing price of €17.50. Stock is down 33% over the past year. The company is forecast to post a net loss per share of €1.24 compared to earnings per share of €2.78 last year. Reported Earnings • Oct 15
First half 2023 earnings released: €0.38 loss per share (vs €3.25 profit in 1H 2022) First half 2023 results: €0.38 loss per share (down from €3.25 profit in 1H 2022). Revenue: €145.5m (flat on 1H 2022). Net loss: €1.69m (down 112% from profit in 1H 2022). Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. New Risk • Oct 12
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.1x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.1x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (€76.1m market cap, or US$80.3m). Major Estimate Revision • Aug 25
Consensus EPS estimates fall from profit to €0.53 loss The consensus outlook for fiscal year 2023 has been updated. Forecast loss of -€0.53 per share in 2023, versus previous forecasts of €0.425 per share. Revenue forecast unchanged from €286.6m at last update. Capital Markets industry in Germany expected to see average net income growth of 16% next year. Consensus price target down from €35.70 to €34.65. Share price fell 3.7% to €20.60 over the past week. New Risk • Aug 24
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €90.6m (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 (1.1x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (€90.6m market cap, or US$98.1m). Price Target Changed • Aug 24
Price target decreased by 8.8% to €34.65 Down from €38.00, the current price target is an average from 2 analysts. New target price is 68% above last closing price of €20.60. Stock is down 22% over the past year. The company is forecast to post earnings per share of €0.42 for next year compared to €2.78 last year. Major Estimate Revision • Aug 01
Consensus revenue estimates fall by 14% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from €332.6m to €286.6m. EPS estimate fell from €0.69 to €0.425 per share. Net income forecast to shrink 85% next year vs 14% growth forecast for Capital Markets industry in Germany . Consensus price target down from €38.00 to €35.70. Share price was steady at €21.80 over the past week. Price Target Changed • Jul 31
Price target decreased by 9.6% to €35.70 Down from €39.50, the current price target is an average from 2 analysts. New target price is 65% above last closing price of €21.60. Stock is down 17% over the past year. The company is forecast to post earnings per share of €0.68 for next year compared to €2.78 last year. Annonce • Jun 24
Blue Cap AG Approves Dividend the Annual General Meeting that has ended on, the shareholders of Blue Cap AG, approved dividend proposal by the Executive Board and the Supervisory Board of EUR 0.90 per share. This equals a dividend yield of around 4% given the Xetra closing price of EUR 22.20 as at 22 June 2023. Upcoming Dividend • Jun 19
Upcoming dividend of €0.90 per share at 4.0% yield Eligible shareholders must have bought the stock before 26 June 2023. Payment date: 28 June 2023. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of German dividend payers (4.6%). Higher than average of industry peers (3.0%). Annonce • Jun 15
Andreas Doster, and COO&CIO Sascha Sander entered into an agreement to acquire Knauer-Uniplast Management GmbH from Blue Cap AG (XTRA:B7E). Andreas Doster, and COO&CIO Sascha Sander entered into an agreement to acquire Knauer-Uniplast Management GmbH from Blue Cap AG (XTRA:B7E) on June 14, 2023. Total proceeds will be in the low double-digit millions and around 17% above the net asset value valuation as of December 31, 2022. The purchase agreement is expected to be completed in the third quarter of 2023. Major Estimate Revision • May 12
Consensus EPS estimates fall by 35%, revenue upgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from €341.1m to €347.0m. EPS estimate fell from €1.12 to €0.725 per share. Net income forecast to shrink 74% next year vs 3.8% decline forecast for Capital Markets industry in Germany. Consensus price target down from €39.50 to €38.00. Share price was steady at €22.60 over the past week. Buying Opportunity • Apr 16
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 1.7%. The fair value is estimated to be €29.74, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has declined by 3.6%. For the next 3 years, revenue is forecast to grow by 4.0% per annum. Earnings is also forecast to grow by 0.3% per annum over the same time period. Buying Opportunity • Mar 15
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 8.6%. The fair value is estimated to be €29.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has declined by 3.6%. For the next 3 years, revenue is forecast to grow by 4.0% per annum. Earnings is also forecast to grow by 0.3% per annum over the same time period. Buying Opportunity • Feb 21
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be €28.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has declined by 3.6%. For the next 3 years, revenue is forecast to grow by 4.0% per annum. Earnings is also forecast to grow by 1.8% per annum over the same time period. Buying Opportunity • Jan 13
Now 21% undervalued Over the last 90 days, the stock is up 12%. The fair value is estimated to be €29.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has declined by 3.6%. For the next 3 years, revenue is forecast to grow by 4.0% per annum. Earnings is also forecast to grow by 1.8% per annum over the same time period. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improved over the past week After last week's 15% share price gain to €24.90, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Capital Markets industry in Germany. Total returns to shareholders of 52% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €35.57 per share. Price Target Changed • Oct 26
Price target decreased to €40.00 Down from €43.13, the current price target is an average from 2 analysts. New target price is 95% above last closing price of €20.50. Stock is down 27% over the past year. The company is forecast to post earnings per share of €3.41 for next year compared to €1.24 last year. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €18.50, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Capital Markets industry in Germany. Total returns to shareholders of 15% over the past three years. Reported Earnings • Sep 04
First half 2022 earnings released: EPS: €3.36 (vs €0.36 in 1H 2021) First half 2022 results: EPS: €3.36 (up from €0.36 in 1H 2021). Revenue: €190.9m (up 58% from 1H 2021). Net income: €14.8m (up €13.3m from 1H 2021). Profit margin: 7.7% (up from 1.2% in 1H 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 3.4% compared to a 3.2% decline forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Major Estimate Revision • Sep 01
Consensus EPS estimates increase by 47% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from €340.0m to €348.0m. EPS estimate increased from €2.29 to €3.37 per share. Net income forecast to grow 186% next year vs 16% growth forecast for Capital Markets industry in Germany. Consensus price target of €43.30 unchanged from last update. Share price fell 5.3% to €24.90 over the past week. Annonce • Aug 26
Blue Cap AG Revises Earnings Guidance for the Year 2022 Blue Cap AG revised earnings guidance for the year 2022. The company expects higher sales for the current financial year than originally assumed. Based on the forecast prepared for the second half of 2022, the Management Board of the company assumes that consolidated sales will be in a range of EUR 335 million - EUR 350 million (previously: EUR 305 million - EUR 325 million). Annonce • Jul 28
Blue Cap AG Announces Management Changes Blue Cap AG announced that with effect from September 1, 2022, changes in the Management Board of Blue Cap AG will come into effect. The Supervisory Board has decided to appoint Mr. Tobias Hoffmann-Becking, who has been Chief Investment Officer (CIO) for Mergers & Acquisitions and Capital Markets since April 2020, as Chairman of the Management Board/CEO. His contract was extended until December 31, 2027. In addition, Mr. Henning Eschweiler will be appointed to the Management Board with effect from September 1 and will take over the position of Chief Operating Officer (COO) of Blue Cap AG from Ulrich Blessing, who is ending his Management Board mandate, which would run until the end of 2022, prematurely by mutual agreement. Henning Eschweiler (born 1982) will be responsible for portfolio management and sustainability at Blue Cap. He has many years of experience in German medium-sized companies and in the private equity sector. During his time at the consulting firm Struktur Management Partner GmbH the graduate mechanical engineer and business economist advised companies on the development of growth and earnings increase programs. In addition, as operational manager, he was also responsible for their implementation. Most recently, Mr. Eschweiler worked at the Dutch-German private equity house Nimbus, where he was responsible for both M&A transactions and portfolio management. As a member of the advisory board and managing director, he assumed operational responsibility in selected portfolio companies. With his proven expertise, Mr. Eschweiler will place a strong focus on the portfolio and the operational performance improvement of the portfolio companies. Upcoming Dividend • Jun 23
Upcoming dividend of €0.85 per share Eligible shareholders must have bought the stock before 30 June 2022. Payment date: 04 July 2022. Payout ratio is a comfortable 68% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (4.6%). In line with average of industry peers (3.0%). Annonce • May 21
Blue Cap AG, Annual General Meeting, Jun 29, 2022 Blue Cap AG, Annual General Meeting, Jun 29, 2022. Major Estimate Revision • May 05
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from €2.40 to €3.18. Revenue forecast unchanged at €309.6m. Net income forecast to grow 172% next year vs 11% growth forecast for Capital Markets industry in Germany. Consensus price target broadly unchanged at €42.80. Share price was steady at €27.30 over the past week. Reported Earnings • Apr 29
Full year 2021 earnings: EPS exceeds analyst expectations Full year 2021 results: EPS: €1.24 (down from €4.15 in FY 2020). Revenue: €275.0m (up 18% from FY 2020). Net income: €5.15m (down 69% from FY 2020). Profit margin: 1.9% (down from 7.1% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 92%. Over the next year, revenue is forecast to grow 13% compared to a 7.5% decline forecast for the funds industry in Germany. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Annonce • Apr 28
Blue Cap AG Proposes Dividend for the Year 2021 Blue Cap AG Management Board and Supervisory Board will propose to the Annual General Meeting scheduled for the end of June 2022 the payment of a dividend of EUR 0.85 per share (PY: base dividend of EUR 0.75 per share plus a special dividend of EUR 0.25 per share from the successful disposal of em-tec). The proposed dividend corresponds to a 13% increase compared to the previous year and to a dividend yield of around 3.2% based on the current share price. Blue Cap thus reaffirms the initiated dividend strategy despite the overall uncertain macroeconomic situation. A special dividend is not considered for the past financial year as no substantial income from exits have been generated. Annonce • Apr 26
Blue Cap AG Provides Financial Forecast for the 2022 Management Board of Blue Cap AG confirmed the most recently announced forecast for the 2022 and expects consolidated revenue of between EUR 305-325 million. Annonce • Mar 04
Blue Cap AG Revises Earnings Guidance for the Year 2022 Blue Cap AG revised earnings guidance for the year 2022. For the period, the company expects revenues of around EUR 305 million - EUR 325 million (previously: EUR 290 million - EUR 310 million) and an adjusted EBITDA margin of 9%-10% (previously: 8.5% - 9.5%). The revenue and earnings forecast is subject to possible further coronavirus effects and M&A transactions. Annonce • Feb 05
Merten Group agreed to acquire GÄMmerler Gmbh from Blue Cap AG (XTRA:B7E). Merten Group agreed to acquire GÄMmerler Gmbh from Blue Cap AG (XTRA:B7E) on February 4, 2022. The transaction is expected to close in February 2022. Major Estimate Revision • Dec 02
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 EPS estimate fell from €0.55 to €0.47. Revenue forecast unchanged from €261.9m at last update. Net income forecast to grow 96% next year vs 11% growth forecast for Capital Markets industry in Germany. Consensus price target broadly unchanged at €42.00. Share price was steady at €32.60 over the past week. Valuation Update With 7 Day Price Move • Nov 24
Investor sentiment improved over the past week After last week's 18% share price gain to €31.40, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 13x in the Capital Markets industry in Germany. Total returns to shareholders of 86% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €45.09 per share. Reported Earnings • Sep 02
First half 2021 earnings released: EPS €0.36 (vs €3.92 in 1H 2020) The company reported a soft first half result with weaker earnings and profit margins, although revenues improved. First half 2021 results: Revenue: €120.8m (up 6.1% from 1H 2020). Net income: €1.45m (down 91% from 1H 2020). Profit margin: 1.2% (down from 14% in 1H 2020). Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 12% per year. Annonce • Aug 06
Blue Cap AG (XTRA:B7E) along with management agreed to acquire an unknown majority stake in Hy-Line Verwaltungs Gmbh from a group of private investors. Blue Cap AG (XTRA:B7E) along with management agreed to acquire an unknown majority stake in Hy-Line Verwaltungs Gmbh from a group of private investors on August 5, 2021. Pursuant to the terms of the transaction, Blue Cap AG will be acquiring a qualified majority stake of more than 90% in HY-LINE Verwaltungs GmbH and its four operative subsidiaries against payment of a purchase price in the lower third of the double-digit million range. The Hy-Line Verwaltungs Gmbh management team is making a substantial single-digit percentage of the acquisition. Hy-Line Verwaltungs Gmbh generates a turnover of €40 million to €50 million per year. The acquisition of a stake in Hy-Line Verwaltungs Gmbh is expected to take place on September 1, 2021. Due to the less capital-intensive business model compared to the existing portfolio, Hy-Line Verwaltungs Gmbh should increase the EBITA of the Blue Cap AG and earnings per share by 20% or more in the first full year after the acquisition. Upcoming Dividend • Jun 22
Upcoming dividend of €1.00 per share Eligible shareholders must have bought the stock before 28 June 2021. Payment date: 30 June 2021. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (3.1%). Higher than average of industry peers (2.2%). Major Estimate Revision • May 21
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 EPS estimate fell from €1.44 to €1.18. Revenue forecast unchanged from €257.3m at last update. Net income forecast to shrink 71% next year vs 35% growth forecast for Capital Markets industry in Germany . Consensus price target up from €39.50 to €40.50. Share price rose 2.3% to €26.80 over the past week. Reported Earnings • May 09
Full year 2020 earnings released: EPS €4.15 (vs €0.71 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €258.9m (up 15% from FY 2019). Net income: €16.6m (up 488% from FY 2019). Profit margin: 6.4% (up from 1.2% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 06
Investor sentiment improved over the past week After last week's 17% share price gain to €27.60, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 16x in the Capital Markets industry in Germany. Total returns to shareholders of 61% over the past three years. Price Target Changed • Feb 06
Price target raised to €38.00 Up from €34.00, the current price target is an average from 2 analysts. The new target price is 57% above the current share price of €24.20. As of last close, the stock is up 38% over the past year. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment improved over the past week After last week's 25% share price gain to €23.30, the stock is trading at a trailing P/E ratio of 6.5x, up from the previous P/E ratio of 5.2x. This compares to an average P/E of 18x in the Capital Markets industry in Germany. Total returns to shareholders over the past three years are 52%. Is New 90 Day High Low • Feb 02
New 90-day high: €23.30 The company is up 52% from its price of €15.30 on 03 November 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €52.79 per share. Is New 90 Day High Low • Nov 24
New 90-day high: €20.50 The company is up 8.0% from its price of €19.05 on 25 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €45.50 per share. Is New 90 Day High Low • Oct 29
New 90-day low: €14.50 The company is down 22% from its price of €18.70 on 30 July 2020. The German market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €42.25 per share. Is New 90 Day High Low • Oct 12
New 90-day low: €17.35 The company is down 15% from its price of €20.50 on 14 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 Capital Markets industry, which is down 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €44.01 per share. Is New 90 Day High Low • Sep 26
New 90-day low: €17.85 The company is down 3.0% from its price of €18.40 on 26 June 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Capital Markets industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €45.10 per share. Annonce • Jul 31
Dover Germany GmbH completed the acquisition of em-tec GmbH from Blue Cap AG (XTRA:B7E). Dover Germany GmbH entered into an agreement to acquire em-tec GmbH from Blue Cap AG (XTRA:B7E) on March 17, 2020. Following the close of the transaction, em-tec will become part of the PSG® business unit within Dover’s Pumps & Process Solutions segment. The transaction is subject to satisfaction of customary closing conditions, including applicable regulatory approvals and antitrust authorities. The transaction is expected to close in the second quarter of 2020.
Dover Germany GmbH completed the acquisition of em-tec GmbH from Blue Cap AG (XTRA:B7E) on May 4, 2020.