Declared Dividend • Aug 13
Final dividend of AU$0.32 announced Shareholders will receive a dividend of AU$0.32. Ex-date: 10th September 2026 Payment date: 9th October 2026 Dividend yield will be 2.1%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (40% earnings payout ratio) and cash flows (37% cash payout ratio). The dividend has increased by an average of 4.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 53% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annuncio • Aug 11
SGH Limited Declares Ordinary Fully Franked Final Dividend for the Six Months Ended 30 June 2026, Payable on 9 October 2026 SGH Limited declared ordinary fully franked final dividend of 32 cents per share for the six months ended 30 June 2026, bringing full-year dividends to 64 cents per share, up 3%. This is consistent with SGH's ambition to deliver stable and growing dividends over time. Record date for determining entitlements to the dividend on 11 September 2026. Date the final dividend is payable 9 October 2026. Ex date is 10 September 2026. Annuncio • Mar 11
SGH Holdings Reportedly Lines Up as Contender to Acquire Bingo Industries Billionaire Kerry Stokes' SGH Holdings (SGH Limited (ASX:SGH)) is believed to be lining up as a serious contender to acquire Bingo Industries (Bingo Industries Limited), as Macquarie Group prepares to test market interest for the troubled waste management business through a sale. DataRoom revealed this month that the waste management company was being put up for sale by MA Moelis for owner Macquarie, as Bingo wrestles with between $800 million and $1,000 million of debt. SGH Holdings, run by Kerry Stoke's son Ryan, is understood to see strong synergies between Bingo and Boral, the country's largest building materials provider, which sits within the overall SGH portfolio. Boral has a commanding market share in commercial construction, while Bingo's core business is handling waste from building sites and providing skip bin services. SGH, which is also bidding for BlueScope steel with Steel Dynamics, brings management expertise spanning both industries. Boral boss and SGH Group director Vik Bansal previously ran listed waste management company Cleanaway. Boral's chief operating officer Matt McKenzie also worked for Mr. Bansal at Cleanaway, where he was general manager of solids waste in NSW. Mr. McKenzie is viewed as a potential successor to Mr. Bansal at Boral when he steps back to focus on boardroom roles. Bingo's current chief executive, Kevin Gluskie, is a former top building materials executive, previously working as Heidelberg's Asia-Pacific executive director. DataRoom understands SGH's interest is at a price far lower than what Bingo owes its lenders. Yet a sale process could prove to be what Macquarie needs to convince lenders to take a haircut on their investment, particularly if offers come in short of what is owed. Sources believe other building materials operators are also keen to take a look at Bingo when an official sale process gets under way. Heidelberg, which recently purchased the Australian building materials portfolio from Maas Group for $1,700 million, is expected to be interested, along with CRH, which owns AdBri, and Saint Gobain. Cleanaway would at least examine the opportunity, having considered an acquisition of Bingo before it listed on the ASX in 2017. Expectations are that the situation plays out in a similar way to Healthscope, for which MA Moelis ran a sale process on behalf of client Brookfield. However, there were no buyers for Healthscope as a whole at a price that would clear debts and the business was placed into receivership. Bingo was purchased by Macquarie Asset Management in a $2,600 million buyout deal in 2021, but has been hammered by excessive debt, a construction market downturn and the departure of founding managing director Daniel Tartak after he was charged with criminal cartel offences. Annuncio • Feb 11
SGH Limited Announces Ordinary Dividend for the Six Months Period Ended December 31, 2025, Payable on April 09, 2026 SGH Limited announced the ordinary dividend of AUD 0.32000000 per share for the six months period ended December 31, 2025, payable on April 09, 2026. Record Date is on March 05, 2026 and Ex Date on March 04, 2026. Is the ordinary dividend/distribution fully franked: Yes. Annuncio • Jan 28
SGH Limited to Report First Half, 2026 Results on Feb 11, 2026 SGH Limited announced that they will report first half, 2026 results on Feb 11, 2026 Annuncio • Jan 19
SGH Limited to Report Fiscal Year 2026 Results on Aug 12, 2026 SGH Limited announced that they will report fiscal year 2026 results on Aug 12, 2026 Annuncio • Jan 05
SGH Limited (ASX:SGH) and Steel Dynamics, Inc. (NasdaqGS:STLD) signed an unsolicited, non-binding and indicative proposal to acquire BlueScope Steel Limited (ASX:BSL) for AUD 13.2 billion. SGH Limited (ASX:SGH) and Steel Dynamics, Inc. (NasdaqGS:STLD) signed an unsolicited, non-binding and indicative proposal to acquire BlueScope Steel Limited (ASX:BSL) for AUD 13.2 billion on December 12, 2025. A cash consideration of AUD 30 per share will be paid by SGH Limited and Steel Dynamics, Inc. The proposal would see SGH acquire all of BlueScope’s shares and then on-sell BlueScope’s North American businesses to Steel Dynamics. Both SGH and SDI will utilize this support to fund their respective transaction contribution through existing cash reserves and available debt financing.
The Indicative Proposal is subject to a number of conditions, including: exclusivity; due diligence; securing significant debt financing, no material adverse change in BlueScope’s business; a unanimous recommendation from the Board of BlueScope; approval of BlueScope shareholders; no further share buy-back being undertaken by BlueScope; final approval from the Boards of the respective Consortium members; and necessary regulatory approvals.
UBS acted as financial advisor for BlueScope Steel Limited. Herbert Smith Freehills Kramer acted as legal advisor for BlueScope Steel Limited. Annuncio • Oct 10
SGH Limited, Annual General Meeting, Nov 13, 2025 SGH Limited, Annual General Meeting, Nov 13, 2025. Location: at the kimpton margot hotel, 339 pitt street, nsw 2000, sydney Australia Annuncio • Jun 06
SGH Limited to Report Fiscal Year 2025 Results on Aug 12, 2025 SGH Limited announced that they will report fiscal year 2025 results on Aug 12, 2025 Annuncio • Nov 14
Seven Group Holdings Limited to Report First Half, 2025 Results on Feb 11, 2025 Seven Group Holdings Limited announced that they will report first half, 2025 results on Feb 11, 2025 Annuncio • Sep 26
Seven Group Holdings Limited Announces Changes to Its Board Seven Group Holdings Limited announced the appointment of Mr. Mark Johnson to its Board as an Independent Non-Executive Director. Mr. Johnson has also been appointed to SGH's Audit & Risk Committee. Mr. Johnson is a highly experienced company director and executive, with broad sector experience across property, retail and consumer goods, resources, industrial products, engineering and construction, technology, and financial and professional services. He possesses extensive technical experience across a range of valuable disciplines, including finance, audit, strategy development and execution, transformation, operational excellence, human resource management, risk management and corporate governance. Mr. Johnson's appointment fills an upcoming vacancy created by the retirement of Mr. Richard Uechtritz, who has decided to retire from the Board with effect from the end of this year's Annual General Meeting ("AGM"), having completed three years since his last re-election. Mr. Uechtritz has been a valuable member of the SGH Board for more than 14 years, since the formation of SGH in 2010. He is a former Chairman of the Remuneration & Nomination Committee and is Chairman of the Independent & Related Party Committee. Mr. Johnson is a Non-Executive Director of Goodman Group, Aurecon Limited, Metcash Limited and Sydney Airport Limited. He is a Councillor at UNSW Sydney, a director of The Smith Family and the Chairman of the Hospitals Contribution Fund of Australia. Mr. Johnson is a trained accountant and spent 30 years at PricewaterhouseCoopers (PwC) where he was CEO from 2008 to 2012 as well as holding positions as Asian Deputy-Chairman and as a member of PwC's global strategy council. He was Chairman and a director of G8 Education Limited and was formerly an independent director of Coca- Cola Amatil Limited, Westfield Corporation Limited and Boral Limited (December 2021 to July 2024). Mr. Johnson holds a Bachelor of Commerce (UNSW) degree and is a Fellow of Chartered Accountants Australia and New Zealand, Certified Practicing Accountant Australia and Fellow of the Australian Institute of Company Directors. Buy Or Sell Opportunity • Aug 15
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.5% to €23.20. The fair value is estimated to be €29.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has declined by 30%. For the next 3 years, revenue is forecast to grow by 4.5% per annum. Earnings are also forecast to grow by 19% per annum over the same time period. Reported Earnings • Aug 14
Full year 2024 earnings released: EPS: AU$1.26 (vs AU$1.67 in FY 2023) Full year 2024 results: EPS: AU$1.26 (down from AU$1.67 in FY 2023). Revenue: AU$10.5b (up 7.0% from FY 2023). Net income: AU$464.4m (down 23% from FY 2023). Profit margin: 4.4% (down from 6.2% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Annuncio • Aug 14
Seven Group Holdings Limited, Annual General Meeting, Nov 14, 2024 Seven Group Holdings Limited, Annual General Meeting, Nov 14, 2024. Upcoming Dividend • Aug 12
Upcoming dividend of AU$0.30 per share Eligible shareholders must have bought the stock before 19 August 2024. Payment date: 02 September 2024. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (2.2%). Annuncio • Jul 12
Seven Group Holdings Limited Declares Final Ordinary Dividend for the Year Ended June 30, 2024, Payable on September 2, 2024 Seven Group Holdings has declared a final ordinary dividend of 30 cents per share fully franked. The dividend reflects a 30% increase on the prior comparative period, and results in total dividends payable on ordinary shares for the year ended 30 June 2024 of 53 cents per share. The dividend is declared with an ex-dividend date of 19 August 2024 and will be paid to all shareholders of record as of 20 August 2024 on 2 September 2024. Annuncio • Jul 05
Seven Group Holdings Limited (ASX:SVW) completed the acquisition of remaining 28.4% stake in Boral Limited (ASX:BLD). Seven Group Holdings Limited (ASX:SVW) made an offer to acquire remaining 28.4% stake in Boral Limited (ASX:BLD) for AUD 2 billion on February 19, 2024. Under the Merger Offer, SGH Bidder would acquire all of your Boral Shares for 0.1116 SGH Shares for each Boral Share and AUD 1.50 cash (the “Minimum Consideration”). The Merger Offer Consideration will increase by a further AUD 0.10 in cash if SGH Bidder reaches compulsory acquisition by achieving voting power of 90.6% or more. If both of these increases occur, SGH Bidder would acquire all of your Boral Shares for 0.1116 SGH Shares for each Boral Share and AUD 1.70 cash (the “Maximum Consideration”). The aggregate values of the Minimum Consideration and Maximum Consideration are AUD 6.05 and AUD 6.25 per Boral Share. SGH already has sufficient committed funding to make available to SGH Bidder to pay the Maximum Cash Offer Amount (and costs associated with the Offer) from a combination of SGH Group’s existing cash reserves (SGH has allocated cash of AUD 121 million out of its existing cash reserves for the purpose of partially funding the consideration under the Offer); committed and undrawn facilities under the SGH Corporate Loan Facility of AUD 765 million; AUD 240 million undrawn OEM facilities available to fund machines and rental equipment which are otherwise currently funded via the SGH Corporate Loan Facility; AUD 350 million undrawn master script loan agreements with three lenders of which AUD 200 million is currently permitted under the SGH Corporate Loan Facility with over AUD 1 billion of listed securities within the Group available to provide as security. SGH intends to enter into a transaction facility, SGH has received AUD 3 billion of “highly confident” commitments from domestic banks which are party to SGH’s current syndicated facility agreement, based on which it intends to enter into a new unsecured syndicated term loan bridge facility for up to AUD 400 million, to be provided to a related entity of SGH by a group of existing lenders to Corporate Loan Facility. The Board committee of Boral’s independent directors will communicate its recommended response to the SGH Offer in Boral’s Target’s Statement, which is expected to be dispatched to shareholders by March 19, 2024. The Target’s Statement will include an Independent Expert's Report opining on whether the Offer is fair and reasonable to Boral shareholders. At this stage, shareholders are advised to TAKE NO ACTION in response to the SGH Offer. The Offer scheduled to close on April 4, 2024. The Offer is not subject to any minimum acceptance condition. The Offer is only conditional upon the customary condition of no prescribed occurrences in relation to Boral. As of May 15, 2024, offer period extended to May 31, 2024. As of May 31, 2024 the offer period extended to June 28, 2024.Barrenjoey Advisory Pty Limited and Macquarie Securities (Australia) Ltd. acted as financial advisor, Herbert Smith Freehills acted as legal advisor and Boardroom Pty Limited acted as Transfer agent to Seven Group Holdings Limited and Allens acted as legal advisor and UBS Securities Australia Ltd financial advisor to Boral Limited. The fee for professional services paid or payable to Barrenjoey as financial adviser to SGH Bidder is up to AUD 3.5 million. The fee for professional services paid or payable to Macquarie Capital as financial adviser to SGH Bidder is up to AUD 3.5 million. The fee for professional services paid or payable to Herbert Smith Freehills as legal adviser to date is approximately AUD 450,000.Seven Group Holdings Limited (ASX:SVW) completed the acquisition of remaining 28.4% stake in Boral Limited (ASX:BLD) on July 4, 2024. Buy Or Sell Opportunity • Jul 02
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.6% to €22.80. The fair value is estimated to be €28.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 3.7% per annum. Earnings are also forecast to grow by 16% per annum over the same time period. Annuncio • Jun 13
Seven Group Holdings Limited to Report Fiscal Year 2024 Results on Aug 14, 2024 Seven Group Holdings Limited announced that they will report fiscal year 2024 results on Aug 14, 2024 New Risk • Apr 11
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.2% 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 High level of debt (79% net debt to equity). Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Upcoming Dividend • Mar 04
Upcoming dividend of AU$0.23 per share Eligible shareholders must have bought the stock before 11 March 2024. Payment date: 12 April 2024. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (2.6%). Annuncio • Feb 19
Seven Group Holdings Limited (ASX:SVW) made an offer to acquire remaining 28.4% stake in Boral Limited (ASX:BLD) for AUD 2 billion Seven Group Holdings Limited (ASX:SVW) made an offer to acquire remaining 28.4% stake in Boral Limited (ASX:BLD) for AUD 2 billion on February 19, 2024. Reported Earnings • Feb 16
First half 2024 earnings released: EPS: AU$0.52 (vs AU$0.82 in 1H 2023) First half 2024 results: EPS: AU$0.52 (down from AU$0.82 in 1H 2023). Revenue: AU$5.24b (up 12% from 1H 2023). Net income: AU$188.9m (down 37% from 1H 2023). Profit margin: 3.6% (down from 6.4% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Annuncio • Dec 08
Seven Group Holdings Limited to Report First Half, 2024 Results on Feb 14, 2024 Seven Group Holdings Limited announced that they will report first half, 2024 results on Feb 14, 2024 Annuncio • Dec 06
Atlas Copco AB (OM:ATCO A) completed the acquisition of Sykes Group Pty. Ltd. from Seven Group Holdings Limited (ASX:SVW). Atlas Copco AB (OM:ATCO A) agreed to acquire Sykes Group Pty. Ltd. from Seven Group Holdings Limited (ASX:SVW) on August 21, 2023. The business will become part of the Power and Flow Division within the Power Technique Business Area. Sykes has 123 employees globally and annual revenues of approximately AUD 65 million for the 12 months ending June 30, 2023. The acquisition is expected to close during the fourth quarter of 2023. Malika Chandrasegaran of Herbert Smith Freehills LLP acted as a legal advisor to Seven Group Holdings Limited.
Atlas Copco AB (OM:ATCO A) completed the acquisition of Sykes Group Pty. Ltd. from Seven Group Holdings Limited (ASX:SVW) on December 5, 2023. The business becomes part of the Power and Flow Division within the Power Technique Business Area. Annuncio • Nov 18
Seven Group Holdings Limited Provides Earnings Guidance for Fiscal Year 2024 Seven Group Holdings Limited provided earnings guidance for Fiscal Year 2024. For the period, company upgrade of EBIT to be $300 million to $330 million should see the business tracking closer toward the double-digit EBIT margin potential. Upcoming Dividend • Sep 07
Upcoming dividend of AU$0.23 per share at 1.6% yield Eligible shareholders must have bought the stock before 14 September 2023. Payment date: 13 October 2023. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (2.8%). Annuncio • Aug 22
Atlas Copco AB (OM:ATCO A) agreed to acquire Sykes Group Pty. Ltd. from Seven Group Holdings Limited (ASX:SVW). Atlas Copco AB (OM:ATCO A) agreed to acquire Sykes Group Pty. Ltd. from Seven Group Holdings Limited (ASX:SVW) on August 21, 2023. The business will become part of the Power and Flow Division within the Power Technique Business Area. Sykes has 123 employees globally and annual revenues of approximately AUD 65 million for the 12 months ending June 30, 2023. The acquisition is expected to close during the fourth quarter of 2023. Annuncio • Aug 18
Seven Group Holdings Limited, Annual General Meeting, Nov 16, 2023 Seven Group Holdings Limited, Annual General Meeting, Nov 16, 2023. Annuncio • Aug 17
Seven Group Holdings Limited Announces Dividend for the Six Months Ended June 30, 2023, Payable on October 3, 2023 Seven Group Holdings Limited announced a dividend of AUD 0.23000000 for the six months ended June 30, 2023. The ex-date is on September 14, 2023. The record date is on September 15, 2023. The payment date is on October 3, 2023. Reported Earnings • Aug 17
Full year 2023 earnings released: EPS: AU$1.67 (vs AU$1.09 in FY 2022) Full year 2023 results: EPS: AU$1.67 (up from AU$1.09 in FY 2022). Revenue: AU$9.79b (up 8.8% from FY 2022). Net income: AU$606.5m (up 54% from FY 2022). Profit margin: 6.2% (up from 4.4% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Upcoming Dividend • Apr 04
Upcoming dividend of AU$0.23 per share at 1.9% yield Eligible shareholders must have bought the stock before 11 April 2023. Payment date: 05 May 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.8%). Recent Insider Transactions • Feb 19
Independent Non-Executive Director recently bought €101k worth of stock On the 16th of February, Rachel Argaman bought around 7k shares on-market at roughly €15.57 per share. This transaction increased Rachel's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €1.9m more in shares than they bought in the last 12 months. Annuncio • Feb 16
Seven Group Holdings Limited Announces Ordinary Dividend for the Six Months Ended December 31, 2022, Payable on May 5, 2023 Seven Group Holdings Limited announced ordinary dividend of AUD 0.23000000 for the six months ended December 31, 2022. Record Date is April 12, 2023. Ex date is April 11, 2023. Payment Date is May 5, 2023. Reported Earnings • Feb 16
First half 2023 earnings released: EPS: AU$0.82 (vs AU$2.88 in 1H 2022) First half 2023 results: EPS: AU$0.82 (down from AU$2.88 in 1H 2022). Revenue: AU$4.69b (down 5.1% from 1H 2022). Net income: AU$299.7m (down 71% from 1H 2022). Profit margin: 6.4% (down from 21% in 1H 2022). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 7% per year. Annuncio • Dec 02
Seven Group Holdings Limited to Report Fiscal Year 2023 Results on Aug 17, 2023 Seven Group Holdings Limited announced that they will report fiscal year 2023 results on Aug 17, 2023 Recent Insider Transactions • Nov 22
Independent Non-Executive Director recently bought €78k worth of stock On the 18th of November, Rachel Argaman bought around 6k shares on-market at roughly €12.98 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €2.0m more in shares than they bought in the last 12 months. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. Independent Non-Executive Director Rachel Argaman was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Sep 08
Upcoming dividend of AU$0.23 per share Eligible shareholders must have bought the stock before 15 September 2022. Payment date: 28 October 2022. Payout ratio is a comfortable 42% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.7%). Reported Earnings • Aug 24
Full year 2022 earnings released: EPS: AU$1.09 (vs AU$1.84 in FY 2021) Full year 2022 results: EPS: AU$1.09 (down from AU$1.84 in FY 2021). Revenue: AU$9.00b (up 73% from FY 2021). Net income: AU$394.2m (down 38% from FY 2021). Profit margin: 4.4% (down from 12% in FY 2021). Over the next year, revenue is expected to shrink by 4.0% compared to a 8.2% growth forecast for the Trade Distributors industry in Germany. Recent Insider Transactions • Jul 04
Independent Non-Executive Director recently bought €66k worth of stock On the 27th of June, Katherine Farrar bought around 6k shares on-market at roughly €10.94 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €2.0m more in shares than they bought in the last 12 months. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. Independent Non-Executive Director Rachel Argaman was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Apr 05
Upcoming dividend of AU$0.23 per share Eligible shareholders must have bought the stock before 12 April 2022. Payment date: 06 May 2022. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (3.8%). Lower than average of industry peers (2.5%). Board Change • Apr 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. Independent Non-Executive Director Rachel Argaman was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Mar 19
Independent Non-Executive Director recently sold €2.2m worth of stock On the 18th of March, Richard Uechtritz sold around 152k shares on-market at roughly €14.44 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.0m more than they bought in the last 12 months. Board Change • Mar 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. Independent Non-Executive Director Rachel Argaman was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 24
First half 2022 earnings: EPS in line with expectations, revenues disappoint First half 2022 results: EPS: AU$2.88 (up from AU$1.07 in 1H 2021). Revenue: AU$4.94b (up 92% from 1H 2021). Net income: AU$1.04b (up 188% from 1H 2021). Profit margin: 21% (up from 14% in 1H 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 7.6%. Over the next year, revenue is forecast to grow 11%, compared to a 8.7% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Dec 22
Independent Non-Executive Director recently bought €63k worth of stock On the 17th of December, Katherine Farrar bought around 5k shares on-market at roughly €13.94 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €170k more in shares than they have sold in the last 12 months. Board Change • Dec 06
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. Independent Non-Executive Director Kate Farrar was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Sep 09
Upcoming dividend of AU$0.23 per share Eligible shareholders must have bought the stock before 16 September 2021. Payment date: 29 October 2021. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (3.2%). Higher than average of industry peers (1.2%). Recent Insider Transactions • Aug 27
Lead Independent Director recently bought €107k worth of stock On the 26th of August, Terry Davis bought around 8k shares on-market at roughly €13.52 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €263k more in shares than they have sold in the last 12 months. Reported Earnings • Aug 26
Full year 2021 earnings released: EPS AU$1.84 (vs AU$0.34 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: AU$5.22b (up 15% from FY 2020). Net income: AU$631.4m (up 448% from FY 2020). Profit margin: 12% (up from 2.5% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Upcoming Dividend • Mar 18
Upcoming Dividend of AU$0.23 Per Share Will be paid on the 20th of April to those who are registered shareholders by the 25th of March. The trailing yield of 2.1% is below the top quartile of German dividend payers (3.3%), but it is higher than industry peers (1.4%). Reported Earnings • Feb 23
First half 2021 earnings released: EPS AU$1.07 (vs AU$0.11 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: AU$2.57b (up 12% from 1H 2020). Net income: AU$362.1m (up AU$324.2m from 1H 2020). Profit margin: 14% (up from 1.6% in 1H 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Jan 04
New 90-day high: €14.80 The company is up 30% from its price of €11.40 on 06 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €18.35 per share. Is New 90 Day High Low • Dec 10
New 90-day high: €14.20 The company is up 35% from its price of €10.50 on 11 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €15.42 per share. Is New 90 Day High Low • Nov 11
New 90-day high: €13.00 The company is up 26% from its price of €10.30 on 12 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €16.00 per share. Is New 90 Day High Low • Oct 07
New 90-day high: €11.90 The company is up 14% from its price of €10.40 on 09 July 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €15.90 per share. Recent Insider Transactions • Oct 03
Non-Executive Director recently bought €124k worth of stock On the 1st of October, Warwick Smith bought around 11k shares on-market at roughly €11.24 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €159k more in shares than they have sold in the last 12 months.