View Future GrowthThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsSchaeffler 過去の業績過去 基準チェック /26Schaefflerは、平均年間14.4%の収益成長を遂げていますが、 Auto Components業界の収益は、年間 減少しています。収益は、平均年間12.5% 4.6%収益成長率で 成長しています。 Schaefflerの自己資本利益率は8.5%であり、純利益率は1.9%です。主要情報14.41%収益成長率14.19%EPS成長率Auto Components 業界の成長17.28%収益成長率4.61%株主資本利益率8.50%ネット・マージン1.87%次回の業績アップデート05 Nov 2024最近の業績更新Reported Earnings • Aug 07Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2024 results: EPS: €0.04 (down from €0.21 in 2Q 2023). Revenue: €4.19b (up 3.3% from 2Q 2023). Net income: €33.0m (down 76% from 2Q 2023). Profit margin: 0.8% (down from 3.4% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) missed analyst estimates by 80%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Auto Components industry in Germany. 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 14% per year.Reported Earnings • May 07First quarter 2024 earnings releasedFirst quarter 2024 results: EPS: €0.35. Revenue: €4.09b (down 1.6% from 1Q 2023). Net income: €231.0m (up 79% from 1Q 2023). Profit margin: 5.7% (up from 3.1% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.Reported Earnings • Mar 06Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: €0.46 (down from €0.84 in FY 2022). Revenue: €16.3b (up 3.2% from FY 2022). Net income: €310.0m (down 44% from FY 2022). Profit margin: 1.9% (down from 3.5% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 48%. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Reported Earnings • Nov 09Third quarter 2023 earnings: EPS misses analyst expectationsThird quarter 2023 results: EPS: €0.22. Revenue: €4.06b (down 4.2% from 3Q 2022). Net income: €150.0m (down 11% from 3Q 2022). Profit margin: 3.7% (down from 4.0% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 11%. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Auto Components industry in Germany.Reported Earnings • Aug 03Second quarter 2023 earnings: EPS exceeds analyst expectationsSecond quarter 2023 results: EPS: €0.21 (up from €0.17 in 2Q 2022). Revenue: €4.06b (up 7.0% from 2Q 2022). Net income: €138.0m (up 22% from 2Q 2022). Profit margin: 3.4% (up from 3.0% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.5%. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.お知らせ • May 28+ 1 more updateSchaeffler AG to Report First Half, 2024 Results on Aug 06, 2024Schaeffler AG announced that they will report first half, 2024 results on Aug 06, 2024すべての更新を表示Recent updatesお知らせ • Oct 02Schaeffler AG (XTRA:SHA) completed the acquisition of additional 11.18649% stake in Vitesco Technologies Group Aktiengesellschaft (XTRA:VTSC).Schaeffler AG (XTRA:SHA) reached preliminarily agreement to acquire additional 11.18649% stake in Vitesco Technologies Group Aktiengesellschaft (XTRA:VTSC) for approximately €320 million on February 26, 2024. Vitesco Technologies has preliminarily agreed with Schaeffler on an exchange ratio between Vitesco Technologies shares and Schaeffler shares of 11.4 Schaeffler shares for 1 Vitesco Technologies share in the context of the intended merger with Vitesco Technologies as the transferring entity into Schaeffler as the acquiring entity. IHO, the management holding of the Schaeffler family, continues to hold approximately 49.94% the shares in Vitesco. Together with the IHO Holding, Schaeffler now holds approximately 88.81% of the share capital and voting rights in Vitesco. This agreement is subject to the condition that the joint valuation expert appointed by both parties and the court-appointed merger auditor confirm the exchange ratio as appropriate. In addition, the agreement is also subject to the approval of the supervisory boards of Vitesco Technologies and Schaeffler. The effectiveness of the merger agreement is subject to the approval of the respective Annual General Meetings of both companies, which are scheduled for April 24, 2024 (Vitesco Technologies) and April 25, 2024 (Schaeffler), as well as the subsequent registration in the respective commercial registers. The completion of the transaction continues to be expected in the fourth quarter of 2024. As of March 13, 2024. Schaeffler and Vitesco Technologies entered into a merger agreement, following the approval of their respective Supervisory Boards. Lazard & Co. GmbH acted as financial advisor to Vitesco Technologies. BofA Securities, Inc. acted as financial advisor to Schaeffler AG. As on April 25, 2024, The Annual General Meeting of Schaeffler AG approved the merger of Vitesco Technologies. After Vitesco shareholders at their Annual General Meeting had already voted in favour of the merger agreement the day before, the Annual General Meeting of Schaeffler has also given the green light for the merger. Today’s Annual General Meeting also approved all other resolutions proposed by the management. Schaeffler AG (XTRA:SHA) completed the acquisition of additional 11.18649% stake in Vitesco Technologies Group Aktiengesellschaft (XTRA:VTSC) on October 1, 2024. Listing of and trading in the new Schaeffler shares with full voting rights will commence on October 2, 2024. J.P. Morgan Securities plc acted as financial advisor and fairness opinion provider to Vitesco Technologies Group Aktiengesellschaft.Price Target Changed • Oct 01Price target decreased by 9.5% to €6.08Down from €6.72, the current price target is an average from 10 analysts. New target price is 31% above last closing price of €4.63. Stock is down 14% over the past year. The company is forecast to post earnings per share of €0.60 for next year compared to €0.47 last year.お知らせ • Sep 28Schaeffler AG Announces Chief Financial Officer ChangesSchaeffler AG announced that it has appointed Christophe Hannequin as chief financial officer, effective October 1, 2025. He will succeed Claus Bauer, who will fulfill his contract until the end of its term on August 31, 2025. Hannequin has been the group chief financial officer at the JCB Group in Britain, since 2022. Earlier, he held various management positions primarily in the field of finance at Michelin in the US, Canada, and France.Major Estimate Revision • Sep 11Consensus EPS estimates increase by 11%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from €0.545 to €0.605. Revenue forecast steady at €18.2b. Net income forecast to grow 105% next year vs 30% growth forecast for Auto Components industry in Germany. Consensus price target broadly unchanged at €6.67. Share price fell 9.1% to €4.17 over the past week.Major Estimate Revision • Aug 12Consensus EPS estimates fall by 25%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from €0.724 to €0.545 per share. Revenue forecast steady at €18.2b. Net income forecast to grow 122% next year vs 10% growth forecast for Auto Components industry in Germany. Consensus price target broadly unchanged at €6.72. Share price fell 3.0% to €4.64 over the past week.Reported Earnings • Aug 07Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2024 results: EPS: €0.04 (down from €0.21 in 2Q 2023). Revenue: €4.19b (up 3.3% from 2Q 2023). Net income: €33.0m (down 76% from 2Q 2023). Profit margin: 0.8% (down from 3.4% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) missed analyst estimates by 80%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Auto Components industry in Germany. 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 14% per year.Buy Or Sell Opportunity • Jul 24Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 19% to €5.12. The fair value is estimated to be €6.49, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 40% in 2 years. Earnings are forecast to grow by 106% in the next 2 years.Buy Or Sell Opportunity • Jun 13Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 11% to €5.63. The fair value is estimated to be €7.09, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 38% in 2 years. Earnings are forecast to grow by 121% in the next 2 years.Price Target Changed • Jun 06Price target increased by 9.1% to €7.31Up from €6.70, the current price target is an average from 9 analysts. New target price is 25% above last closing price of €5.83. Stock is down 2.3% over the past year. The company is forecast to post earnings per share of €0.80 for next year compared to €0.47 last year.Buy Or Sell Opportunity • May 23Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 6.0% to €5.92. The fair value is estimated to be €7.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 41% in 2 years. Earnings are forecast to grow by 116% in the next 2 years.Price Target Changed • May 08Price target increased by 8.9% to €6.96Up from €6.39, the current price target is an average from 7 analysts. New target price is 11% above last closing price of €6.26. Stock is up 5.7% over the past year. The company is forecast to post earnings per share of €0.77 for next year compared to €0.47 last year.Reported Earnings • May 07First quarter 2024 earnings releasedFirst quarter 2024 results: EPS: €0.35. Revenue: €4.09b (down 1.6% from 1Q 2023). Net income: €231.0m (up 79% from 1Q 2023). Profit margin: 5.7% (up from 3.1% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.Buy Or Sell Opportunity • Apr 30Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 6.8% to €5.48. The fair value is estimated to be €6.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 6.4% per annum. Earnings are also forecast to grow by 34% per annum over the same time period.Upcoming Dividend • Apr 19Upcoming dividend of €0.45 per shareEligible shareholders must have bought the stock before 26 April 2024. Payment date: 30 April 2024. Payout ratio is on the higher end at 97%, however this is supported by cash flows. Trailing yield: 7.2%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.0%).Major Estimate Revision • Mar 20Consensus EPS estimates fall by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €17.4b to €16.9b. EPS estimate also fell from €1.11 per share to €0.979 per share. Net income forecast to grow 121% next year vs 32% growth forecast for Auto Components industry in Germany. Consensus price target up from €6.39 to €6.64. Share price was steady at €6.38 over the past week.Price Target Changed • Mar 18Price target increased by 9.1% to €6.64Up from €6.09, the current price target is an average from 7 analysts. New target price is 5.1% above last closing price of €6.32. Stock is up 0.08% over the past year. The company is forecast to post earnings per share of €0.98 for next year compared to €0.46 last year.Reported Earnings • Mar 06Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: €0.46 (down from €0.84 in FY 2022). Revenue: €16.3b (up 3.2% from FY 2022). Net income: €310.0m (down 44% from FY 2022). Profit margin: 1.9% (down from 3.5% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 48%. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Declared Dividend • Feb 05Dividend of €0.45 announcedShareholders will receive a dividend of €0.45. Ex-date: 26th April 2024 Payment date: 30th April 2024 Dividend yield will be 7.5%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (63% cash payout ratio). The dividend has increased by an average of 3.2% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 3.6% over the next 2 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Jan 24Schaeffler AG (XTRA:SHA) entered into an agreement to acquire additional 9% stake in Vitesco Technologies Group Aktiengesellschaft (XTRA:VTSC) from BofA Securities Europe SA.Schaeffler AG (XTRA:SHA) entered into an agreement to acquire additional 9% stake in Vitesco Technologies Group Aktiengesellschaft (XTRA:VTSC) from BofA Securities Europe SA on January 23, 2024. As part of acquisition, Schaeffler will acquire 3.6 million shares. After completion of acquisition, Schaeffler holding in Vitesco Technologies will increases to approximately 38.87%.お知らせ • Nov 20Schaeffler AG Appoints Astrid Fontaine as Chief Human Resources OfficerThe Supervisory Board of Schaeffler AG has appointed Dr. Astrid Fontaine as Chief Human Resources Officer and as a full member of the Board of Managing Directors of Schaeffler AG, effective January 1, 2024. Dr. Fontaine has extensive and long-term international experience in the HR departments of well-known major automobile manufacturers. Dr. Astrid Fontaine is coming to Schaeffler from the Volkswagen Group, where she was most recently responsible for “People & Transformation” on the Board of Management at Volkswagen Commercial Vehicles since September 2021. Before that, she was Head of “People, Digitalization and IT” at Bentley Motors in the UK from January 2018 to August 2021, also at Board level. Other activities in HR between 1994 and 2017 included positions at Porsche Cars North America and at DaimlerChrysler and Mercedes-Benz AG in Germany and the US. Dr. Fontaine, who has both German and US citizenship, holds multiple Supervisory Board mandates within the Volkswagen Group. She has a degree in business administration and mechanical engineering and was awarded a doctorate in the field of “Information Systems” after completing a PhD program in the US. She has been a member of the Expert Group on the Transformation of the Automotive Industry at the German Federal Ministry of Economics since 2022.Reported Earnings • Nov 09Third quarter 2023 earnings: EPS misses analyst expectationsThird quarter 2023 results: EPS: €0.22. Revenue: €4.06b (down 4.2% from 3Q 2022). Net income: €150.0m (down 11% from 3Q 2022). Profit margin: 3.7% (down from 4.0% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 11%. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Auto Components industry in Germany.お知らせ • Oct 27Schaeffler AG (XTRA:SHA) acquired Aerosint from Desktop Metal, Inc. (NYSE:DM).Schaeffler AG (XTRA:SHA) acquired Aerosint from Desktop Metal, Inc. (NYSE:DM) on October 26, 2023. The startup will be renamed Schaeffler Aerosint SA and integrated into the Schaeffler Group as an additional location for Schaeffler Special Machinery, the Schaeffler Groups special machine construction unit. Desktop Metal will continue to work with Schaeffler on developing the technology for binder jet 3D printing, where Desktop Metal retains an option for commercial use.Schaeffler AG (XTRA:SHA) completed the acquisition of Aerosint from Desktop Metal, Inc. (NYSE:DM) on October 26, 2023.お知らせ • Oct 11Schaeffler AG (XTRA:SHA) made a bid to acquire 50.1% stake in Vitesco Technologies Group Aktiengesellschaft (XTRA:VTSC) for €1.8 billion.Schaeffler AG (XTRA:SHA) made a bid to acquire 50.1% stake in Vitesco Technologies Group Aktiengesellschaft (XTRA:VTSC) for €1.8 billion on October 9, 2023. Vitesco shareholders are offered a cash consideration in the amount of €91 per share. The tender offer will not be subject to a minimum acceptance threshold but to other customary conditions, including the receipt of potentially applicable foreign direct investment approval. The transaction should be wrapped up in the fourth quarter of 2024, subject to shareholder approval. IHO Holding does not tender because they have entered into a non-tender agreement. So the offer is for the remaining outstanding shares approximately 20 million shares. Schaeffler has arranged a comprehensive financing package including an acquisition bridge facility to finance the tender offer. The financing package is fully underwritten by Bank of America, BNP Paribas and Citigroup, which act as financial advisors to Schaeffler. The acceptance period is expected to last until mid-December 2023. Schaeffler expects the tender offer to be closed in January 2024. The completion of the overall transaction is expected to take place in the fourth quarter of 2024.お知らせ • Aug 19Schaeffler AG Develops Next-Generation Bipolar Plates for Fuel Cell DrivesSchaeffler AG is demonstrating its development capabilities in the field of hydrogen-powered mobility with a new generation of metallic bipolar plates for PEM fuel cells. All fuel cell systems rely on bipolar plates. But the plates developed by Schaeffler feature a new design optimized for large-series production and leverage an innovative coating process for long fuel cell life. Moreover, stacks made using the new Schaeffler plates achieve a power density about 20% greater than that of stacks made using previous-generation plates. At a purpose-built pilot production facility in Herzogenaurach, the company is now manufacturing the new plates in runs of up to several tens of thousands of units for use by international vehicle manufacturers in prototype and small-series production. Schaeffler is due to start production of bipolar plates under the name of Innoplate, a joint venture with Symbio, in Haguenau, France, at the start of 2024. To the untrained eye, bipolar plates aren't much to look at, being only about the size of a DIN A4 envelope and weighing just 60 grams. But they are core components of fuel cells, where they perform a number of vital functions, including providing channels both for the separation and distribution of the process gasses and coolant and for the removal of the water resulting from the chemical reaction. For vehicle applications, several hundred of these plates are layered on top of one another, each separated by a membrane electrode assembly (MEA), to form a stack. The plates account for up to 80% of the stack’s weight, and up to 65% of its volume. Stacks comprising up to 400 of these cell units have a total power output of up to 140 kW – enough for light commercial vehicles. Heavy commercial vehicles up to 40 tons generally require two stacks. Schaeffler’s new generation of bipolar plates is also designed from the ground up for industrialization at large scale – an approach known as design for manufacturing (DFM). The aim is to achieve a level of cost-effectiveness and scalability of manufacturing sufficient for hydrogen-powered mobility to reach market breakthrough. In terms of production, the company is leveraging its many years of experience and expertise in metal stamping and forming, and has achieved the high level of precision needed to stamp the necessary ultrafine structures on the surface of the plates, which have a thickness of only 50 to 100 micrometers. Another unique feature of the metallic bipolar plates made by Schaeffler is the coating system used. The purpose of coatings is to maintain a high level of electrical conductivity over the fuel cell’s entire service life. Schaeffler’s solution is “Enertect” – a family of high-performance coating systems developed specifically for bipolar plates. Depending on the customer’s requirements, the coatings can be engineered for maximum plate service life, minimum carbon footprint, or an optimized price-performance ratio.Reported Earnings • Aug 03Second quarter 2023 earnings: EPS exceeds analyst expectationsSecond quarter 2023 results: EPS: €0.21 (up from €0.17 in 2Q 2022). Revenue: €4.06b (up 7.0% from 2Q 2022). Net income: €138.0m (up 22% from 2Q 2022). Profit margin: 3.4% (up from 3.0% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.5%. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.お知らせ • May 28+ 1 more updateSchaeffler AG to Report First Half, 2024 Results on Aug 06, 2024Schaeffler AG announced that they will report first half, 2024 results on Aug 06, 2024お知らせ • May 27+ 1 more updateSchaeffler AG to Report Fiscal Year 2023 Results on Mar 06, 2024Schaeffler AG announced that they will report fiscal year 2023 results at 8:00 AM, Central European Standard Time on Mar 06, 2024Upcoming Dividend • Apr 14Upcoming dividend of €0.45 per share at 6.2% yieldEligible shareholders must have bought the stock before 21 April 2023. Payment date: 25 April 2023. Payout ratio is a comfortable 54% and the cash payout ratio is 94%. Trailing yield: 6.2%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.4%).Buying Opportunity • Apr 06Now 22% undervaluedOver the last 90 days, the stock is up 4.3%. The fair value is estimated to be €8.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.6% over the last 3 years. Earnings per share has grown by 57%. For the next 3 years, revenue is forecast to grow by 4.1% per annum. Earnings is also forecast to grow by 14% per annum over the same time period.Reported Earnings • Mar 09Full year 2022 earnings: Revenues exceed analyst expectationsFull year 2022 results: Revenue: €15.8b (up 14% from FY 2021). Net income: €557.0m (down 26% from FY 2021). Profit margin: 3.5% (down from 5.5% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.6%. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Auto Components industry in Germany.Price Target Changed • Feb 15Price target increased by 7.0% to €6.62Up from €6.18, the current price target is an average from 12 analysts. New target price is approximately in line with last closing price of €6.65. Stock is down 0.7% over the past year. The company is forecast to post earnings per share of €0.84 for next year compared to €1.14 last year.Price Target Changed • Jan 27Price target increased by 7.3% to €6.39Up from €5.95, the current price target is an average from 12 analysts. New target price is approximately in line with last closing price of €6.62. Stock is up 1.9% over the past year. The company is forecast to post earnings per share of €0.84 for next year compared to €1.14 last year.Reported Earnings • Nov 10Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: €0.25. Revenue: €4.24b (up 27% from 3Q 2021). Net income: €169.0m (up 13% from 3Q 2021). Profit margin: 4.0% (down from 4.5% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.8%. Earnings per share (EPS) also surpassed analyst estimates by 26%. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Nov 08Investor sentiment improved over the past weekAfter last week's 16% share price gain to €6.23, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 6x in the Auto Components industry in Germany. Total loss to shareholders of 25% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €9.25 per share.お知らせ • Sep 17+ 2 more updatesSchaeffler AG to Report Nine Months, 2023 Results on Nov 08, 2023Schaeffler AG announced that they will report nine months, 2023 results on Nov 08, 2023お知らせ • Sep 16+ 1 more updateSchaeffler AG to Report Fiscal Year 2022 Results on Mar 07, 2023Schaeffler AG announced that they will report fiscal year 2022 results on Mar 07, 2023Reported Earnings • Aug 05Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2022 results: EPS: €0.16 (down from €0.34 in 2Q 2021). Revenue: €3.79b (up 9.7% from 2Q 2021). Net income: €113.0m (down 50% from 2Q 2021). Profit margin: 3.0% (down from 6.6% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 8.5%. Over the next year, revenue is forecast to grow 8.8%, compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Reported Earnings • Mar 11Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: EPS: €1.13 (up from €0.64 loss in FY 2020). Revenue: €13.9b (up 9.9% from FY 2020). Net income: €756.0m (up €1.18b from FY 2020). Profit margin: 5.5% (up from net loss in FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.7%. Over the next year, revenue is forecast to grow 7.4% compared to a 1.4% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 39% 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.Reported Earnings • Mar 09Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: EPS: €1.13 (up from €0.64 loss in FY 2020). Revenue: €13.9b (up 9.9% from FY 2020). Net income: €756.0m (up €1.18b from FY 2020). Profit margin: 5.5% (up from net loss in FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.7%. Over the next year, revenue is forecast to grow 6.9% compared to a 2.0% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 39% 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.Valuation Update With 7 Day Price Move • Mar 04Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to €5.03, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 9x in the Auto Components industry in Germany. Total loss to shareholders of 18% over the past three years.Reported Earnings • Nov 10Third quarter 2021 earnings releasedThe company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: €3.33b (down 1.9% from 3Q 2020). Net income: €149.0m (up €321.0m from 3Q 2020). Profit margin: 4.5% (up from net loss in 3Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance.Valuation Update With 7 Day Price Move • Nov 09Investor sentiment improved over the past weekAfter last week's 16% share price gain to €8.00, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 12x in the Auto Components industry in Germany. Total returns to shareholders of 12% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €10.64 per share.Reported Earnings • Aug 05Second quarter 2021 earnings releasedThe company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €3.45b (up 51% from 2Q 2020). Net income: €227.0m (up €395.0m from 2Q 2020). Profit margin: 6.6% (up from net loss in 2Q 2020).Executive Departure • Aug 04CFO, Member of Board of Managing Directors & Member of Executive Board Klaus Patzak has left the companyOn the 31st of July, Klaus Patzak's tenure as CFO, Member of Board of Managing Directors & Member of Executive Board ended after less than a year in the role. We don't have any record of a personal shareholding under Klaus' name. Klaus is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 3.79 years.Executive Departure • Aug 04CFO, Member of Board of Managing Directors & Member of Executive Board Klaus Patzak has left the companyOn the 31st of July, Klaus Patzak's tenure as CFO, Member of Board of Managing Directors & Member of Executive Board ended after less than a year in the role. We don't have any record of a personal shareholding under Klaus' name. Klaus is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 3.79 years.Executive Departure • Aug 04CFO, Member of Board of Managing Directors & Member of Executive Board Klaus Patzak has left the companyOn the 31st of July, Klaus Patzak's tenure as CFO, Member of Board of Managing Directors & Member of Executive Board ended after less than a year in the role. We don't have any record of a personal shareholding under Klaus' name. Klaus is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 3.79 years.Reported Earnings • May 14First quarter 2021 earnings released: EPS €0.35 (vs €0.28 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €3.56b (up 8.5% from 1Q 2020). Net income: €235.0m (up €419.0m from 1Q 2020). Profit margin: 6.6% (up from net loss in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance.Upcoming Dividend • Apr 20Upcoming dividend of €0.25 per shareEligible shareholders must have bought the stock before 26 April 2021. Payment date: 28 April 2021. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (3.1%). Higher than average of industry peers (2.0%).Reported Earnings • Mar 05Full year 2020 earnings released: €0.64 loss per share (vs €0.64 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €12.6b (down 13% from FY 2019). Net loss: €424.0m (down 199% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 82% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.Analyst Estimate Surprise Post Earnings • Mar 05Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 0.07%. Earnings per share (EPS) also surpassed analyst estimates by 16%. Over the next year, revenue is forecast to grow 10%, compared to a 9.8% growth forecast for the Auto Components industry in Germany.Is New 90 Day High Low • Feb 26New 90-day high: €7.08The company is up 8.0% from its price of €6.58 on 27 November 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.95 per share.Is New 90 Day High Low • Dec 30New 90-day high: €6.84The company is up 29% from its price of €5.28 on 01 October 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Auto Components industry, which is up 31% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.72 per share.収支内訳Schaeffler の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史XTRA:SHA 収益、費用、利益 ( )EUR Millions日付収益収益G+A経費研究開発費30 Jun 2416,3813071,92878631 Mar 2416,2464131,87377131 Dec 2316,3133101,82576830 Sep 2316,2894981,79878130 Jun 2316,4695741,77277531 Mar 2316,2035491,76977031 Dec 2215,8095571,73576830 Sep 2215,2966201,69076330 Jun 2214,3865421,62276231 Mar 2214,0506571,55475931 Dec 2113,8527561,53574830 Sep 2113,9717141,50972330 Jun 2114,0313961,46570531 Mar 2112,868-71,39968431 Dec 2012,589-4281,39468430 Sep 2012,552-5881,39972130 Jun 2012,773-2061,47276031 Mar 2014,0861051,55081231 Dec 1914,4274281,57584930 Sep 1914,3666041,58884030 Jun 1914,2746481,57284731 Mar 1914,3127801,56385231 Dec 1814,2418811,53184730 Sep 1814,2559511,50186230 Jun 1814,1681,0011,47286231 Mar 1813,9989391,45285831 Dec 1714,0219801,45184630 Sep 1713,8419781,43682230 Jun 1713,6728501,43280131 Mar 1713,5698851,41577931 Dec 1613,3388591,38875130 Sep 1613,1987421,37372930 Jun 1613,1707761,36970131 Mar 1613,1836771,37568131 Dec 1513,1795911,36967330 Sep 1513,0587361,38365930 Jun 1512,8557531,36065831 Mar 1512,4876011,32164331 Dec 1412,1246541,28262231 Dec 1311,2051271,244611質の高い収益: SHAは 高品質の収益 を持っています。利益率の向上: SHAの現在の純利益率 (1.9%)は、昨年(3.5%)よりも低くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: SHAの収益は過去 5 年間で年間14.4%増加しました。成長の加速: SHAは過去 1 年間の収益成長がマイナスであったため、5 年間の平均と比較することはできません。収益対業界: SHAは過去 1 年間で収益成長率がマイナス ( -46.5% ) となったため、 Auto Components業界平均 ( -9.9% ) と比較することが困難です。株主資本利益率高いROE: SHAの 自己資本利益率 ( 8.5% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YAutomobiles 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2024/10/03 13:55終値2024/10/02 00:00収益2024/06/30年間収益2023/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Schaeffler AG 9 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。21 アナリスト機関Romain GourvilBerenbergHorst SchneiderBofA Global ResearchRoss MacDonaldCitigroup Inc18 その他のアナリストを表示
Reported Earnings • Aug 07Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2024 results: EPS: €0.04 (down from €0.21 in 2Q 2023). Revenue: €4.19b (up 3.3% from 2Q 2023). Net income: €33.0m (down 76% from 2Q 2023). Profit margin: 0.8% (down from 3.4% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) missed analyst estimates by 80%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Auto Components industry in Germany. 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 14% per year.
Reported Earnings • May 07First quarter 2024 earnings releasedFirst quarter 2024 results: EPS: €0.35. Revenue: €4.09b (down 1.6% from 1Q 2023). Net income: €231.0m (up 79% from 1Q 2023). Profit margin: 5.7% (up from 3.1% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.
Reported Earnings • Mar 06Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: €0.46 (down from €0.84 in FY 2022). Revenue: €16.3b (up 3.2% from FY 2022). Net income: €310.0m (down 44% from FY 2022). Profit margin: 1.9% (down from 3.5% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 48%. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Reported Earnings • Nov 09Third quarter 2023 earnings: EPS misses analyst expectationsThird quarter 2023 results: EPS: €0.22. Revenue: €4.06b (down 4.2% from 3Q 2022). Net income: €150.0m (down 11% from 3Q 2022). Profit margin: 3.7% (down from 4.0% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 11%. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Auto Components industry in Germany.
Reported Earnings • Aug 03Second quarter 2023 earnings: EPS exceeds analyst expectationsSecond quarter 2023 results: EPS: €0.21 (up from €0.17 in 2Q 2022). Revenue: €4.06b (up 7.0% from 2Q 2022). Net income: €138.0m (up 22% from 2Q 2022). Profit margin: 3.4% (up from 3.0% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.5%. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
お知らせ • May 28+ 1 more updateSchaeffler AG to Report First Half, 2024 Results on Aug 06, 2024Schaeffler AG announced that they will report first half, 2024 results on Aug 06, 2024
お知らせ • Oct 02Schaeffler AG (XTRA:SHA) completed the acquisition of additional 11.18649% stake in Vitesco Technologies Group Aktiengesellschaft (XTRA:VTSC).Schaeffler AG (XTRA:SHA) reached preliminarily agreement to acquire additional 11.18649% stake in Vitesco Technologies Group Aktiengesellschaft (XTRA:VTSC) for approximately €320 million on February 26, 2024. Vitesco Technologies has preliminarily agreed with Schaeffler on an exchange ratio between Vitesco Technologies shares and Schaeffler shares of 11.4 Schaeffler shares for 1 Vitesco Technologies share in the context of the intended merger with Vitesco Technologies as the transferring entity into Schaeffler as the acquiring entity. IHO, the management holding of the Schaeffler family, continues to hold approximately 49.94% the shares in Vitesco. Together with the IHO Holding, Schaeffler now holds approximately 88.81% of the share capital and voting rights in Vitesco. This agreement is subject to the condition that the joint valuation expert appointed by both parties and the court-appointed merger auditor confirm the exchange ratio as appropriate. In addition, the agreement is also subject to the approval of the supervisory boards of Vitesco Technologies and Schaeffler. The effectiveness of the merger agreement is subject to the approval of the respective Annual General Meetings of both companies, which are scheduled for April 24, 2024 (Vitesco Technologies) and April 25, 2024 (Schaeffler), as well as the subsequent registration in the respective commercial registers. The completion of the transaction continues to be expected in the fourth quarter of 2024. As of March 13, 2024. Schaeffler and Vitesco Technologies entered into a merger agreement, following the approval of their respective Supervisory Boards. Lazard & Co. GmbH acted as financial advisor to Vitesco Technologies. BofA Securities, Inc. acted as financial advisor to Schaeffler AG. As on April 25, 2024, The Annual General Meeting of Schaeffler AG approved the merger of Vitesco Technologies. After Vitesco shareholders at their Annual General Meeting had already voted in favour of the merger agreement the day before, the Annual General Meeting of Schaeffler has also given the green light for the merger. Today’s Annual General Meeting also approved all other resolutions proposed by the management. Schaeffler AG (XTRA:SHA) completed the acquisition of additional 11.18649% stake in Vitesco Technologies Group Aktiengesellschaft (XTRA:VTSC) on October 1, 2024. Listing of and trading in the new Schaeffler shares with full voting rights will commence on October 2, 2024. J.P. Morgan Securities plc acted as financial advisor and fairness opinion provider to Vitesco Technologies Group Aktiengesellschaft.
Price Target Changed • Oct 01Price target decreased by 9.5% to €6.08Down from €6.72, the current price target is an average from 10 analysts. New target price is 31% above last closing price of €4.63. Stock is down 14% over the past year. The company is forecast to post earnings per share of €0.60 for next year compared to €0.47 last year.
お知らせ • Sep 28Schaeffler AG Announces Chief Financial Officer ChangesSchaeffler AG announced that it has appointed Christophe Hannequin as chief financial officer, effective October 1, 2025. He will succeed Claus Bauer, who will fulfill his contract until the end of its term on August 31, 2025. Hannequin has been the group chief financial officer at the JCB Group in Britain, since 2022. Earlier, he held various management positions primarily in the field of finance at Michelin in the US, Canada, and France.
Major Estimate Revision • Sep 11Consensus EPS estimates increase by 11%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from €0.545 to €0.605. Revenue forecast steady at €18.2b. Net income forecast to grow 105% next year vs 30% growth forecast for Auto Components industry in Germany. Consensus price target broadly unchanged at €6.67. Share price fell 9.1% to €4.17 over the past week.
Major Estimate Revision • Aug 12Consensus EPS estimates fall by 25%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from €0.724 to €0.545 per share. Revenue forecast steady at €18.2b. Net income forecast to grow 122% next year vs 10% growth forecast for Auto Components industry in Germany. Consensus price target broadly unchanged at €6.72. Share price fell 3.0% to €4.64 over the past week.
Reported Earnings • Aug 07Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2024 results: EPS: €0.04 (down from €0.21 in 2Q 2023). Revenue: €4.19b (up 3.3% from 2Q 2023). Net income: €33.0m (down 76% from 2Q 2023). Profit margin: 0.8% (down from 3.4% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) missed analyst estimates by 80%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Auto Components industry in Germany. 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 14% per year.
Buy Or Sell Opportunity • Jul 24Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 19% to €5.12. The fair value is estimated to be €6.49, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 40% in 2 years. Earnings are forecast to grow by 106% in the next 2 years.
Buy Or Sell Opportunity • Jun 13Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 11% to €5.63. The fair value is estimated to be €7.09, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 38% in 2 years. Earnings are forecast to grow by 121% in the next 2 years.
Price Target Changed • Jun 06Price target increased by 9.1% to €7.31Up from €6.70, the current price target is an average from 9 analysts. New target price is 25% above last closing price of €5.83. Stock is down 2.3% over the past year. The company is forecast to post earnings per share of €0.80 for next year compared to €0.47 last year.
Buy Or Sell Opportunity • May 23Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 6.0% to €5.92. The fair value is estimated to be €7.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 41% in 2 years. Earnings are forecast to grow by 116% in the next 2 years.
Price Target Changed • May 08Price target increased by 8.9% to €6.96Up from €6.39, the current price target is an average from 7 analysts. New target price is 11% above last closing price of €6.26. Stock is up 5.7% over the past year. The company is forecast to post earnings per share of €0.77 for next year compared to €0.47 last year.
Reported Earnings • May 07First quarter 2024 earnings releasedFirst quarter 2024 results: EPS: €0.35. Revenue: €4.09b (down 1.6% from 1Q 2023). Net income: €231.0m (up 79% from 1Q 2023). Profit margin: 5.7% (up from 3.1% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.
Buy Or Sell Opportunity • Apr 30Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 6.8% to €5.48. The fair value is estimated to be €6.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 6.4% per annum. Earnings are also forecast to grow by 34% per annum over the same time period.
Upcoming Dividend • Apr 19Upcoming dividend of €0.45 per shareEligible shareholders must have bought the stock before 26 April 2024. Payment date: 30 April 2024. Payout ratio is on the higher end at 97%, however this is supported by cash flows. Trailing yield: 7.2%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.0%).
Major Estimate Revision • Mar 20Consensus EPS estimates fall by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €17.4b to €16.9b. EPS estimate also fell from €1.11 per share to €0.979 per share. Net income forecast to grow 121% next year vs 32% growth forecast for Auto Components industry in Germany. Consensus price target up from €6.39 to €6.64. Share price was steady at €6.38 over the past week.
Price Target Changed • Mar 18Price target increased by 9.1% to €6.64Up from €6.09, the current price target is an average from 7 analysts. New target price is 5.1% above last closing price of €6.32. Stock is up 0.08% over the past year. The company is forecast to post earnings per share of €0.98 for next year compared to €0.46 last year.
Reported Earnings • Mar 06Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: €0.46 (down from €0.84 in FY 2022). Revenue: €16.3b (up 3.2% from FY 2022). Net income: €310.0m (down 44% from FY 2022). Profit margin: 1.9% (down from 3.5% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 48%. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Declared Dividend • Feb 05Dividend of €0.45 announcedShareholders will receive a dividend of €0.45. Ex-date: 26th April 2024 Payment date: 30th April 2024 Dividend yield will be 7.5%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (63% cash payout ratio). The dividend has increased by an average of 3.2% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 3.6% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Jan 24Schaeffler AG (XTRA:SHA) entered into an agreement to acquire additional 9% stake in Vitesco Technologies Group Aktiengesellschaft (XTRA:VTSC) from BofA Securities Europe SA.Schaeffler AG (XTRA:SHA) entered into an agreement to acquire additional 9% stake in Vitesco Technologies Group Aktiengesellschaft (XTRA:VTSC) from BofA Securities Europe SA on January 23, 2024. As part of acquisition, Schaeffler will acquire 3.6 million shares. After completion of acquisition, Schaeffler holding in Vitesco Technologies will increases to approximately 38.87%.
お知らせ • Nov 20Schaeffler AG Appoints Astrid Fontaine as Chief Human Resources OfficerThe Supervisory Board of Schaeffler AG has appointed Dr. Astrid Fontaine as Chief Human Resources Officer and as a full member of the Board of Managing Directors of Schaeffler AG, effective January 1, 2024. Dr. Fontaine has extensive and long-term international experience in the HR departments of well-known major automobile manufacturers. Dr. Astrid Fontaine is coming to Schaeffler from the Volkswagen Group, where she was most recently responsible for “People & Transformation” on the Board of Management at Volkswagen Commercial Vehicles since September 2021. Before that, she was Head of “People, Digitalization and IT” at Bentley Motors in the UK from January 2018 to August 2021, also at Board level. Other activities in HR between 1994 and 2017 included positions at Porsche Cars North America and at DaimlerChrysler and Mercedes-Benz AG in Germany and the US. Dr. Fontaine, who has both German and US citizenship, holds multiple Supervisory Board mandates within the Volkswagen Group. She has a degree in business administration and mechanical engineering and was awarded a doctorate in the field of “Information Systems” after completing a PhD program in the US. She has been a member of the Expert Group on the Transformation of the Automotive Industry at the German Federal Ministry of Economics since 2022.
Reported Earnings • Nov 09Third quarter 2023 earnings: EPS misses analyst expectationsThird quarter 2023 results: EPS: €0.22. Revenue: €4.06b (down 4.2% from 3Q 2022). Net income: €150.0m (down 11% from 3Q 2022). Profit margin: 3.7% (down from 4.0% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 11%. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Auto Components industry in Germany.
お知らせ • Oct 27Schaeffler AG (XTRA:SHA) acquired Aerosint from Desktop Metal, Inc. (NYSE:DM).Schaeffler AG (XTRA:SHA) acquired Aerosint from Desktop Metal, Inc. (NYSE:DM) on October 26, 2023. The startup will be renamed Schaeffler Aerosint SA and integrated into the Schaeffler Group as an additional location for Schaeffler Special Machinery, the Schaeffler Groups special machine construction unit. Desktop Metal will continue to work with Schaeffler on developing the technology for binder jet 3D printing, where Desktop Metal retains an option for commercial use.Schaeffler AG (XTRA:SHA) completed the acquisition of Aerosint from Desktop Metal, Inc. (NYSE:DM) on October 26, 2023.
お知らせ • Oct 11Schaeffler AG (XTRA:SHA) made a bid to acquire 50.1% stake in Vitesco Technologies Group Aktiengesellschaft (XTRA:VTSC) for €1.8 billion.Schaeffler AG (XTRA:SHA) made a bid to acquire 50.1% stake in Vitesco Technologies Group Aktiengesellschaft (XTRA:VTSC) for €1.8 billion on October 9, 2023. Vitesco shareholders are offered a cash consideration in the amount of €91 per share. The tender offer will not be subject to a minimum acceptance threshold but to other customary conditions, including the receipt of potentially applicable foreign direct investment approval. The transaction should be wrapped up in the fourth quarter of 2024, subject to shareholder approval. IHO Holding does not tender because they have entered into a non-tender agreement. So the offer is for the remaining outstanding shares approximately 20 million shares. Schaeffler has arranged a comprehensive financing package including an acquisition bridge facility to finance the tender offer. The financing package is fully underwritten by Bank of America, BNP Paribas and Citigroup, which act as financial advisors to Schaeffler. The acceptance period is expected to last until mid-December 2023. Schaeffler expects the tender offer to be closed in January 2024. The completion of the overall transaction is expected to take place in the fourth quarter of 2024.
お知らせ • Aug 19Schaeffler AG Develops Next-Generation Bipolar Plates for Fuel Cell DrivesSchaeffler AG is demonstrating its development capabilities in the field of hydrogen-powered mobility with a new generation of metallic bipolar plates for PEM fuel cells. All fuel cell systems rely on bipolar plates. But the plates developed by Schaeffler feature a new design optimized for large-series production and leverage an innovative coating process for long fuel cell life. Moreover, stacks made using the new Schaeffler plates achieve a power density about 20% greater than that of stacks made using previous-generation plates. At a purpose-built pilot production facility in Herzogenaurach, the company is now manufacturing the new plates in runs of up to several tens of thousands of units for use by international vehicle manufacturers in prototype and small-series production. Schaeffler is due to start production of bipolar plates under the name of Innoplate, a joint venture with Symbio, in Haguenau, France, at the start of 2024. To the untrained eye, bipolar plates aren't much to look at, being only about the size of a DIN A4 envelope and weighing just 60 grams. But they are core components of fuel cells, where they perform a number of vital functions, including providing channels both for the separation and distribution of the process gasses and coolant and for the removal of the water resulting from the chemical reaction. For vehicle applications, several hundred of these plates are layered on top of one another, each separated by a membrane electrode assembly (MEA), to form a stack. The plates account for up to 80% of the stack’s weight, and up to 65% of its volume. Stacks comprising up to 400 of these cell units have a total power output of up to 140 kW – enough for light commercial vehicles. Heavy commercial vehicles up to 40 tons generally require two stacks. Schaeffler’s new generation of bipolar plates is also designed from the ground up for industrialization at large scale – an approach known as design for manufacturing (DFM). The aim is to achieve a level of cost-effectiveness and scalability of manufacturing sufficient for hydrogen-powered mobility to reach market breakthrough. In terms of production, the company is leveraging its many years of experience and expertise in metal stamping and forming, and has achieved the high level of precision needed to stamp the necessary ultrafine structures on the surface of the plates, which have a thickness of only 50 to 100 micrometers. Another unique feature of the metallic bipolar plates made by Schaeffler is the coating system used. The purpose of coatings is to maintain a high level of electrical conductivity over the fuel cell’s entire service life. Schaeffler’s solution is “Enertect” – a family of high-performance coating systems developed specifically for bipolar plates. Depending on the customer’s requirements, the coatings can be engineered for maximum plate service life, minimum carbon footprint, or an optimized price-performance ratio.
Reported Earnings • Aug 03Second quarter 2023 earnings: EPS exceeds analyst expectationsSecond quarter 2023 results: EPS: €0.21 (up from €0.17 in 2Q 2022). Revenue: €4.06b (up 7.0% from 2Q 2022). Net income: €138.0m (up 22% from 2Q 2022). Profit margin: 3.4% (up from 3.0% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.5%. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
お知らせ • May 28+ 1 more updateSchaeffler AG to Report First Half, 2024 Results on Aug 06, 2024Schaeffler AG announced that they will report first half, 2024 results on Aug 06, 2024
お知らせ • May 27+ 1 more updateSchaeffler AG to Report Fiscal Year 2023 Results on Mar 06, 2024Schaeffler AG announced that they will report fiscal year 2023 results at 8:00 AM, Central European Standard Time on Mar 06, 2024
Upcoming Dividend • Apr 14Upcoming dividend of €0.45 per share at 6.2% yieldEligible shareholders must have bought the stock before 21 April 2023. Payment date: 25 April 2023. Payout ratio is a comfortable 54% and the cash payout ratio is 94%. Trailing yield: 6.2%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.4%).
Buying Opportunity • Apr 06Now 22% undervaluedOver the last 90 days, the stock is up 4.3%. The fair value is estimated to be €8.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.6% over the last 3 years. Earnings per share has grown by 57%. For the next 3 years, revenue is forecast to grow by 4.1% per annum. Earnings is also forecast to grow by 14% per annum over the same time period.
Reported Earnings • Mar 09Full year 2022 earnings: Revenues exceed analyst expectationsFull year 2022 results: Revenue: €15.8b (up 14% from FY 2021). Net income: €557.0m (down 26% from FY 2021). Profit margin: 3.5% (down from 5.5% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.6%. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Auto Components industry in Germany.
Price Target Changed • Feb 15Price target increased by 7.0% to €6.62Up from €6.18, the current price target is an average from 12 analysts. New target price is approximately in line with last closing price of €6.65. Stock is down 0.7% over the past year. The company is forecast to post earnings per share of €0.84 for next year compared to €1.14 last year.
Price Target Changed • Jan 27Price target increased by 7.3% to €6.39Up from €5.95, the current price target is an average from 12 analysts. New target price is approximately in line with last closing price of €6.62. Stock is up 1.9% over the past year. The company is forecast to post earnings per share of €0.84 for next year compared to €1.14 last year.
Reported Earnings • Nov 10Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: €0.25. Revenue: €4.24b (up 27% from 3Q 2021). Net income: €169.0m (up 13% from 3Q 2021). Profit margin: 4.0% (down from 4.5% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.8%. Earnings per share (EPS) also surpassed analyst estimates by 26%. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Nov 08Investor sentiment improved over the past weekAfter last week's 16% share price gain to €6.23, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 6x in the Auto Components industry in Germany. Total loss to shareholders of 25% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €9.25 per share.
お知らせ • Sep 17+ 2 more updatesSchaeffler AG to Report Nine Months, 2023 Results on Nov 08, 2023Schaeffler AG announced that they will report nine months, 2023 results on Nov 08, 2023
お知らせ • Sep 16+ 1 more updateSchaeffler AG to Report Fiscal Year 2022 Results on Mar 07, 2023Schaeffler AG announced that they will report fiscal year 2022 results on Mar 07, 2023
Reported Earnings • Aug 05Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2022 results: EPS: €0.16 (down from €0.34 in 2Q 2021). Revenue: €3.79b (up 9.7% from 2Q 2021). Net income: €113.0m (down 50% from 2Q 2021). Profit margin: 3.0% (down from 6.6% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 8.5%. Over the next year, revenue is forecast to grow 8.8%, compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Reported Earnings • Mar 11Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: EPS: €1.13 (up from €0.64 loss in FY 2020). Revenue: €13.9b (up 9.9% from FY 2020). Net income: €756.0m (up €1.18b from FY 2020). Profit margin: 5.5% (up from net loss in FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.7%. Over the next year, revenue is forecast to grow 7.4% compared to a 1.4% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 39% 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.
Reported Earnings • Mar 09Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: EPS: €1.13 (up from €0.64 loss in FY 2020). Revenue: €13.9b (up 9.9% from FY 2020). Net income: €756.0m (up €1.18b from FY 2020). Profit margin: 5.5% (up from net loss in FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.7%. Over the next year, revenue is forecast to grow 6.9% compared to a 2.0% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 39% 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.
Valuation Update With 7 Day Price Move • Mar 04Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to €5.03, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 9x in the Auto Components industry in Germany. Total loss to shareholders of 18% over the past three years.
Reported Earnings • Nov 10Third quarter 2021 earnings releasedThe company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: €3.33b (down 1.9% from 3Q 2020). Net income: €149.0m (up €321.0m from 3Q 2020). Profit margin: 4.5% (up from net loss in 3Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance.
Valuation Update With 7 Day Price Move • Nov 09Investor sentiment improved over the past weekAfter last week's 16% share price gain to €8.00, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 12x in the Auto Components industry in Germany. Total returns to shareholders of 12% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €10.64 per share.
Reported Earnings • Aug 05Second quarter 2021 earnings releasedThe company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €3.45b (up 51% from 2Q 2020). Net income: €227.0m (up €395.0m from 2Q 2020). Profit margin: 6.6% (up from net loss in 2Q 2020).
Executive Departure • Aug 04CFO, Member of Board of Managing Directors & Member of Executive Board Klaus Patzak has left the companyOn the 31st of July, Klaus Patzak's tenure as CFO, Member of Board of Managing Directors & Member of Executive Board ended after less than a year in the role. We don't have any record of a personal shareholding under Klaus' name. Klaus is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 3.79 years.
Executive Departure • Aug 04CFO, Member of Board of Managing Directors & Member of Executive Board Klaus Patzak has left the companyOn the 31st of July, Klaus Patzak's tenure as CFO, Member of Board of Managing Directors & Member of Executive Board ended after less than a year in the role. We don't have any record of a personal shareholding under Klaus' name. Klaus is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 3.79 years.
Executive Departure • Aug 04CFO, Member of Board of Managing Directors & Member of Executive Board Klaus Patzak has left the companyOn the 31st of July, Klaus Patzak's tenure as CFO, Member of Board of Managing Directors & Member of Executive Board ended after less than a year in the role. We don't have any record of a personal shareholding under Klaus' name. Klaus is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 3.79 years.
Reported Earnings • May 14First quarter 2021 earnings released: EPS €0.35 (vs €0.28 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €3.56b (up 8.5% from 1Q 2020). Net income: €235.0m (up €419.0m from 1Q 2020). Profit margin: 6.6% (up from net loss in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance.
Upcoming Dividend • Apr 20Upcoming dividend of €0.25 per shareEligible shareholders must have bought the stock before 26 April 2021. Payment date: 28 April 2021. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (3.1%). Higher than average of industry peers (2.0%).
Reported Earnings • Mar 05Full year 2020 earnings released: €0.64 loss per share (vs €0.64 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €12.6b (down 13% from FY 2019). Net loss: €424.0m (down 199% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 82% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.
Analyst Estimate Surprise Post Earnings • Mar 05Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 0.07%. Earnings per share (EPS) also surpassed analyst estimates by 16%. Over the next year, revenue is forecast to grow 10%, compared to a 9.8% growth forecast for the Auto Components industry in Germany.
Is New 90 Day High Low • Feb 26New 90-day high: €7.08The company is up 8.0% from its price of €6.58 on 27 November 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.95 per share.
Is New 90 Day High Low • Dec 30New 90-day high: €6.84The company is up 29% from its price of €5.28 on 01 October 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Auto Components industry, which is up 31% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.72 per share.