View Financial HealthSTEICO 配当と自社株買い配当金 基準チェック /26STEICOは配当を支払う会社で、現在の利回りは1.06%ですが、利益によって十分にカバーされています。次の支払い日は 24th June, 2026で、権利落ち日は22nd June, 2026 。主要情報1.1%配当利回り0%バイバック利回り総株主利回り1.1%将来の配当利回り1.8%配当成長4.1%次回配当支払日24 Jun 26配当落ち日22 Jun 26一株当たり配当金n/a配当性向16%最近の配当と自社株買いの更新Upcoming Dividend • Jun 15Upcoming dividend of €0.20 per shareEligible shareholders must have bought the stock before 22 June 2026. Payment date: 24 June 2026. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (3.8%).Declared Dividend • May 20Dividend of €0.20 announcedDividend of €0.20 is the same as last year. Ex-date: 22nd June 2026 Payment date: 24th June 2026 Dividend yield will be 1.0%, which is lower than the industry average of 5.0%. Sustainability & Growth Dividend is well covered by both earnings (15% earnings payout ratio) and cash flows (7% cash payout ratio). The dividend has increased by an average of 1.2% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 43% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Apr 30STEICO SE announces Annual dividend, payable on June 24, 2026STEICO SE announced Annual dividend of EUR 0.2000 per share payable on June 24, 2026, ex-date on June 22, 2026 and record date on June 23, 2026.お知らせ • May 08STEICO SE announces Annual dividend, payable on June 25, 2025STEICO SE announced Annual dividend of EUR 0.2000 per share payable on June 25, 2025, ex-date on June 23, 2025 and record date on June 24, 2025.Upcoming Dividend • Jun 19Upcoming dividend of €0.40 per share at 0.9% yieldEligible shareholders must have bought the stock before 26 June 2023. Payment date: 28 June 2023. Payout ratio is a comfortable 12% but the company is not cash flow positive. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (4.2%).Upcoming Dividend • Jun 17Upcoming dividend of €0.40 per shareEligible shareholders must have bought the stock before 24 June 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (2.4%).すべての更新を表示Recent updatesUpcoming Dividend • Jun 15Upcoming dividend of €0.20 per shareEligible shareholders must have bought the stock before 22 June 2026. Payment date: 24 June 2026. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (3.8%).New Risk • Jun 05New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 216% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company.Declared Dividend • May 20Dividend of €0.20 announcedDividend of €0.20 is the same as last year. Ex-date: 22nd June 2026 Payment date: 24th June 2026 Dividend yield will be 1.0%, which is lower than the industry average of 5.0%. Sustainability & Growth Dividend is well covered by both earnings (15% earnings payout ratio) and cash flows (7% cash payout ratio). The dividend has increased by an average of 1.2% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 43% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Board Change • May 20High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. CEO, Director & Member of Administrative Board Aiveen Kearney is the most experienced director on the board, commencing their role in 2024. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.お知らせ • May 08STEICO SE, Annual General Meeting, Jun 19, 2026STEICO SE, Annual General Meeting, Jun 19, 2026, at 09:00 W. Europe Standard Time.お知らせ • Apr 30STEICO SE announces Annual dividend, payable on June 24, 2026STEICO SE announced Annual dividend of EUR 0.2000 per share payable on June 24, 2026, ex-date on June 22, 2026 and record date on June 23, 2026.お知らせ • Apr 16STEICO SE to Report Q1, 2026 Results on Apr 14, 2026STEICO SE announced that they will report Q1, 2026 results on Apr 14, 2026お知らせ • Oct 14STEICO SE to Report Q3, 2025 Results on Oct 13, 2025STEICO SE announced that they will report Q3, 2025 results on Oct 13, 2025お知らせ • Jun 20STEICO SE Provides Earnings Guidance for the Full Year 2025STEICO SE provided earnings guidance for the full year 2025. For the period, the company expects sales to be around 3% to 6% higher than in the previous year (previously: plus 3%); this would correspond to sales of around €388 million to €399 million. EBIT is now expected to be around €29 million to €35 million is expected (previously €27 million to €35 million).お知らせ • May 12STEICO SE, Annual General Meeting, Jun 20, 2025STEICO SE, Annual General Meeting, Jun 20, 2025, at 09:00 W. Europe Standard Time.お知らせ • May 08STEICO SE announces Annual dividend, payable on June 25, 2025STEICO SE announced Annual dividend of EUR 0.2000 per share payable on June 25, 2025, ex-date on June 23, 2025 and record date on June 24, 2025.お知らせ • Apr 11STEICO SE to Report Q1, 2025 Results on Apr 22, 2025STEICO SE announced that they will report Q1, 2025 results on Apr 22, 2025お知らせ • Apr 10STEICO SE to Report Fiscal Year 2024 Final Results on Apr 30, 2025STEICO SE announced that they will report fiscal year 2024 final results on Apr 30, 2025お知らせ • Jan 22STEICO SE Announces Changes to the Administrative BoardSTEICO SE announced Mr. Udo Schramek (Deputy Chairman of the Administrative Board) and Mrs. Katarzyna Schramek on 21 January 2025 resigned from their positions as members of the Administrative Board of the company with effect from the end of 28 February 2025. The Chairman of the Administrative Board, Mr. Paul O’Gorman, and Ms. Aiveen Kearney will continue as members of the Administrative Board. Following the departure of Mr. and Mrs. Schramek, the Administrative Board will consist of only two members and therefore no longer has the required number of members to form a quorum.Price Target Changed • Oct 29Price target decreased by 9.8% to €34.50Down from €38.25, the current price target is an average from 4 analysts. New target price is 43% above last closing price of €24.10. Stock is down 13% over the past year. The company is forecast to post earnings per share of €2.29 for next year compared to €1.20 last year.お知らせ • Oct 19STEICO SE to Report Q3, 2024 Results on Oct 21, 2024STEICO SE announced that they will report Q3, 2024 results on Oct 21, 2024お知らせ • Oct 09STEICO SE Announces Resignation of Roger Fränkel as Managing Director for Investments and Plant Engineering on 31 December 2024STEICO SE announced that Roger Fränkel, Managing Director for Investments and Plant Engineering, has informed the Administrative Board that he will be stepping down from his position as Managing Director on 31 December 2024 in order to pursue new professional challenges. The Administrative Board has decided to fill the position in the short term, but no longer at Managing Director level.お知らせ • Aug 21STEICO SE Announces Resignation of David Meyer as CFO, Effective December 2024Dr. David Meyer, CFO of the STEICO Group since June 2012, informed the Administrative Board that he will be leaving the company when his current contract expires at the end of December 2024 in order to pursue new professional challenges. A new CFO for the STEICO Group shall be presented shortly.Buy Or Sell Opportunity • Aug 15Now 23% overvaluedOver the last 90 days, the stock has fallen 24% to €28.70. The fair value is estimated to be €23.31, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to decline by 3.2% in the next 2 years.New Risk • Aug 02New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. Minor Risks High level of debt (46% net debt to equity). Large one-off items impacting financial results.Valuation Update With 7 Day Price Move • Jul 29Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to €26.25, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 17x in the Building industry in Europe. Total loss to shareholders of 77% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €20.55 per share.Reported Earnings • Jul 25First half 2024 earnings releasedFirst half 2024 results: Revenue: €191.3m (flat on 1H 2023). Net income: €19.8m (up 120% from 1H 2023). Profit margin: 10% (up from 4.7% in 1H 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Building industry in Europe.New Risk • May 16New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.6x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.6x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.6% net profit margin).お知らせ • May 10STEICO SE, Annual General Meeting, Jun 21, 2024STEICO SE, Annual General Meeting, Jun 21, 2024, at 10:00 W. Europe Standard Time.Reported Earnings • May 05Full year 2023 earnings: Revenues miss analyst expectationsFull year 2023 results: Revenue: €389.4m (down 13% from FY 2022). Net income: €16.9m (down 65% from FY 2022). Profit margin: 4.3% (down from 11% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 2.2%. Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Building industry in Europe.Valuation Update With 7 Day Price Move • Apr 24Investor sentiment improves as stock rises 21%After last week's 21% share price gain to €33.80, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 15x in the Building industry in Europe. Total loss to shareholders of 56% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €36.09 per share.Buy Or Sell Opportunity • Mar 26Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 21% to €26.40. The fair value is estimated to be €33.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to decline by 0.6% in 2 years. Earnings are forecast to decline by 25% in the next 2 years.Price Target Changed • Feb 12Price target decreased by 8.1% to €39.67Down from €43.17, the current price target is an average from 6 analysts. New target price is 50% above last closing price of €26.40. The company is forecast to post earnings per share of €1.28 for next year compared to €3.40 last year.New Risk • Feb 12New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 4.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Earnings are forecast to decline by an average of 4.3% per year for the foreseeable future. High level of non-cash earnings (29% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Profit margins are more than 30% lower than last year (7.5% net profit margin).Buy Or Sell Opportunity • Feb 10Now 26% undervalued after recent price dropOver the last 90 days, the stock has fallen 17% to €25.10. The fair value is estimated to be €33.69, 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 4.3% in 2 years. Earnings are forecast to decline by 19% in the next 2 years.Buying Opportunity • Dec 13Now 20% undervaluedOver the last 90 days, the stock is up 9.0%. The fair value is estimated to be €37.28, 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 5.2% in 2 years. Earnings is forecast to decline by 18% in the next 2 years.Buying Opportunity • Nov 28Now 21% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be €38.03, 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 5.2% in 2 years. Earnings is forecast to decline by 18% in the next 2 years.Valuation Update With 7 Day Price Move • Nov 16Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €32.80, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 15x in the Building industry in Europe. Total loss to shareholders of 30% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €38.39 per share.Buying Opportunity • Nov 09Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 14%. The fair value is estimated to be €36.31, 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 5.2% in 2 years. Earnings is forecast to decline by 18% in the next 2 years.Valuation Update With 7 Day Price Move • Oct 30Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €26.15, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 13x in the Building industry in Europe. Total loss to shareholders of 43% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €37.85 per share.New Risk • Jul 28New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings are forecast to decline by an average of 1.5% per year for the foreseeable future. High level of non-cash earnings (29% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (7.5% net profit margin).Reported Earnings • Jul 27First half 2023 earnings releasedFirst half 2023 results: Revenue: €190.3m (down 20% from 1H 2022). Net income: €9.03m (down 66% from 1H 2022). Profit margin: 4.7% (down from 11% in 1H 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Building industry in Europe.Price Target Changed • Jul 26Price target decreased by 13% to €42.83Down from €49.33, the current price target is an average from 6 analysts. New target price is 34% above last closing price of €32.00. The company is forecast to post earnings per share of €1.28 for next year compared to €3.40 last year.New Risk • Jul 25New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 16% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (11% average weekly change). High level of non-cash earnings (29% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (7.4% net profit margin).お知らせ • Jul 18Kingspan Group plc entered into an agreement to acquire a 51% stake in STEICO SE from Schramek Gmbh for approximately €290 million.Kingspan Group plc entered into an agreement to acquire a 51% stake in STEICO SE from Schramek Gmbh for approximately €290 million on July 17, 2023. The initial consideration for the shares will be €35 per share, plus potential deferred consideration of up to a further €35 per share contingent on achievement of specified thresholds with a material uplift in profitability. The acquisition is expected to be earnings neutral initially, based on Kingspan consensus EPS for 2023 and Steico guidance for 2023. The acquisition is conditional on regulatory clearance and is expected to complete in early 2024.Valuation Update With 7 Day Price Move • Jul 17Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €34.65, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 15x in the Building industry in Europe. Total loss to shareholders of 8.4% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €46.81 per share.New Risk • Jun 23New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings are forecast to decline by an average of 7.4% per year for the foreseeable future. High level of non-cash earnings (21% accrual ratio). Minor Risk High level of debt (43% net debt to equity).Buying Opportunity • Jun 23Now 24% undervalued after recent price dropOver the last 90 days, the stock is down 43%. The fair value is estimated to be €41.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 31%. For the next 3 years, revenue is forecast to grow by 9.7% per annum. Earnings is forecast to decline by 7.4% per annum over the same time period.Valuation Update With 7 Day Price Move • Jun 22Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €38.50, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 14x in the Building industry in Europe. Total returns to shareholders of 25% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €52.06 per share.Price Target Changed • Jun 21Price target decreased by 14% to €61.50Down from €71.50, the current price target is an average from 6 analysts. New target price is 38% above last closing price of €44.45. Stock is down 32% over the past year. The company is forecast to post earnings per share of €1.99 for next year compared to €3.40 last year.Upcoming Dividend • Jun 19Upcoming dividend of €0.40 per share at 0.9% yieldEligible shareholders must have bought the stock before 26 June 2023. Payment date: 28 June 2023. Payout ratio is a comfortable 12% but the company is not cash flow positive. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (4.2%).New Risk • Jun 09New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 2.6% per year for the foreseeable future. High level of non-cash earnings (21% accrual ratio). Minor Risks High level of debt (43% net debt to equity). Share price has been volatile over the past 3 months (8.7% average weekly change).Reported Earnings • May 16Full year 2022 earnings: Revenues miss analyst expectationsFull year 2022 results: Revenue: €463.6m (up 19% from FY 2021). Net income: €47.9m (flat on FY 2021). Profit margin: 10% (down from 12% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.4%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Building industry in Europe.Valuation Update With 7 Day Price Move • May 13Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €49.30, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Building industry in Europe. Total returns to shareholders of 86% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €58.47 per share.Buying Opportunity • Apr 21Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 9.5%. The fair value is estimated to be €58.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings is also forecast to grow by 3.0% per annum over the same time period.Buying Opportunity • Dec 16Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 29%. The fair value is estimated to be €52.00, 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 14% in 2 years. Earnings is forecast to decline by 17% in the next 2 years.Buying Opportunity • Nov 19Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 47%. The fair value is estimated to be €57.33, 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 17% in 2 years. Earnings is forecast to decline by 17% in the next 2 years.Price Target Changed • Nov 16Price target decreased to €84.75Down from €102, the current price target is an average from 4 analysts. New target price is 76% above last closing price of €48.05. Stock is down 55% over the past year. The company is forecast to post earnings per share of €3.40 for next year compared to €3.42 last year.Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Valuation Update With 7 Day Price Move • Nov 12Investor sentiment improved over the past weekAfter last week's 19% share price gain to €50.10, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 13x in the Building industry in Europe. Total returns to shareholders of 105% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €56.97 per share.Valuation Update With 7 Day Price Move • Oct 25Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €42.55, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 12x in the Building industry in Europe. Total returns to shareholders of 68% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €70.49 per share.Price Target Changed • Oct 22Price target decreased to €104Down from €115, the current price target is an average from 4 analysts. New target price is 141% above last closing price of €43.00. Stock is down 62% over the past year. The company is forecast to post earnings per share of €3.50 for next year compared to €3.42 last year.Buying Opportunity • Sep 17Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 17%. The fair value is estimated to be €73.64, 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 25% in 2 years. Earnings is forecast to decline by 3.7% in the next 2 years.Price Target Changed • Aug 01Price target decreased to €111Down from €123, the current price target is an average from 4 analysts. New target price is 40% above last closing price of €79.30. Stock is down 31% over the past year. The company is forecast to post earnings per share of €3.52 for next year compared to €3.42 last year.Reported Earnings • Jul 21First half 2022 earnings releasedFirst half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down €21.1m from profit in 1H 2021). Profit margin: (down from 11% in 1H 2021). The decrease in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 13%, compared to a 12% growth forecast for the industry in Germany.Upcoming Dividend • Jun 17Upcoming dividend of €0.40 per shareEligible shareholders must have bought the stock before 24 June 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (2.4%).Reported Earnings • May 06Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: EPS: €3.42 (up from €1.63 in FY 2020). Revenue: €388.5m (up 26% from FY 2020). Net income: €48.2m (up 110% from FY 2020). Profit margin: 12% (up from 7.4% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.1%. Over the next year, revenue is forecast to grow 23%, compared to a 13% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Mar 14Investor sentiment improved over the past weekAfter last week's 20% share price gain to €91.20, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 16x in the Building industry in Europe. Total returns to shareholders of 312% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €78.48 per share.Valuation Update With 7 Day Price Move • Feb 23Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to €81.00, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 17x in the Building industry in Europe. Total returns to shareholders of 262% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €72.60 per share.Valuation Update With 7 Day Price Move • Oct 18Investor sentiment improved over the past weekAfter last week's 16% share price gain to €118, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 21x in the Building industry in Europe. Total returns to shareholders of 406% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €122 per share.Price Target Changed • Jul 23Price target increased to €107Up from €99.00, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of €111. Stock is up 182% over the past year.Upcoming Dividend • Jun 18Upcoming dividend of €0.30 per shareEligible shareholders must have bought the stock before 25 June 2021. Payment date: 29 June 2021. Trailing yield: 0.3%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (1.5%).Reported Earnings • Apr 30Full year 2020 earnings released: EPS €1.63 (vs €1.62 in FY 2019)The company reported a mediocre full year result with weaker profit margins, although earnings were flat and revenues improved. Full year 2020 results: Revenue: €308.9m (up 9.9% from FY 2019). Net income: €23.0m (flat on FY 2019). Profit margin: 7.4% (down from 8.1% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth.Is New 90 Day High Low • Feb 13New 90-day high: €71.60The company is up 49% from its price of €48.10 on 13 November 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Building industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.76 per share.Price Target Changed • Jan 08Price target raised to €61.33Up from €52.33, the current price target is an average from 3 analysts. The new target price is close to the current share price of €64.20. As of last close, the stock is up 113% over the past year.Is New 90 Day High Low • Jan 08New 90-day high: €64.20The company is up 31% from its price of €49.00 on 09 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 Building industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €13.57 per share.Valuation Update With 7 Day Price Move • Dec 29Investor sentiment improved over the past weekAfter last week's 15% share price gain to €62.80, the stock is trading at a trailing P/E ratio of 38.8x, up from the previous P/E ratio of 33.7x. This compares to an average P/E of 21x in the Building industry in Europe. Total returns to shareholders over the past three years are 199%.Is New 90 Day High Low • Dec 18New 90-day high: €53.40The company is up 18% from its price of €45.40 on 18 September 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Building industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €13.53 per share.Is New 90 Day High Low • Dec 02New 90-day high: €51.00The company is up 18% from its price of €43.20 on 03 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 Building industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.04 per share.Price Target Changed • Oct 24Price target raised to €52.33Up from €47.67, the current price target is an average from 3 analysts. The new target price is 11% above the current share price of €47.00. As of last close, the stock is up 83% over the past year.配当金の支払いについて今日Jun 20 2026配当落ち日Jun 22 2026配当支払日Jun 24 20262 days 配当落ちから次の2 days 、次の配当を受け取るために購入する。決済の安定と成長配当データの取得安定した配当: ST5は 10 年未満配当金を支払っており、この間、支払額は 変動性 が高かった。増加する配当: ST5の配当金は増加していますが、同社は9年間しか配当金を支払っていません。配当利回り対市場STEICO 配当利回り対市場ST5 配当利回りは市場と比べてどうか？セグメント配当利回り会社 (ST5)1.1%市場下位25% (DE)1.5%市場トップ25% (DE)4.7%業界平均 (Building)3.8%アナリスト予想 (ST5) (最長3年)1.8%注目すべき配当: ST5の配当金 ( 1.06% ) はGerman市場の配当金支払者の下位 25% ( 1.48% ) と比べると目立ったものではありません。高配当: ST5の配当金 ( 1.06% ) はGerman市場の配当金支払者の上位 25% ( 4.73% ) と比較すると低いです。株主への利益配当収益カバレッジ: ST5は低い 配当性向 ( 15.8% ) であるため、配当金の支払いは利益によって十分にカバーされます。株主配当金キャッシュフローカバレッジ: ST5は 現金配当性向 ( 7.5% ) が低いため、配当金の支払いはキャッシュフローによって完全にカバーされています。高配当企業の発掘7D1Y7D1Y7D1YDE 市場の強力な配当支払い企業。View Management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2026/06/17 18:07終値2026/06/17 00:00収益2025/12/31年間収益2025/12/31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この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、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。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STEICO SE 3 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。9 アナリスト機関Christoph GreulichBerenbergCosmin FilkerGBC AGPatrick SpeckMontega AG6 その他のアナリストを表示
Upcoming Dividend • Jun 15Upcoming dividend of €0.20 per shareEligible shareholders must have bought the stock before 22 June 2026. Payment date: 24 June 2026. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (3.8%).
Declared Dividend • May 20Dividend of €0.20 announcedDividend of €0.20 is the same as last year. Ex-date: 22nd June 2026 Payment date: 24th June 2026 Dividend yield will be 1.0%, which is lower than the industry average of 5.0%. Sustainability & Growth Dividend is well covered by both earnings (15% earnings payout ratio) and cash flows (7% cash payout ratio). The dividend has increased by an average of 1.2% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 43% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Apr 30STEICO SE announces Annual dividend, payable on June 24, 2026STEICO SE announced Annual dividend of EUR 0.2000 per share payable on June 24, 2026, ex-date on June 22, 2026 and record date on June 23, 2026.
お知らせ • May 08STEICO SE announces Annual dividend, payable on June 25, 2025STEICO SE announced Annual dividend of EUR 0.2000 per share payable on June 25, 2025, ex-date on June 23, 2025 and record date on June 24, 2025.
Upcoming Dividend • Jun 19Upcoming dividend of €0.40 per share at 0.9% yieldEligible shareholders must have bought the stock before 26 June 2023. Payment date: 28 June 2023. Payout ratio is a comfortable 12% but the company is not cash flow positive. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (4.2%).
Upcoming Dividend • Jun 17Upcoming dividend of €0.40 per shareEligible shareholders must have bought the stock before 24 June 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (2.4%).
Upcoming Dividend • Jun 15Upcoming dividend of €0.20 per shareEligible shareholders must have bought the stock before 22 June 2026. Payment date: 24 June 2026. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (3.8%).
New Risk • Jun 05New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 216% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company.
Declared Dividend • May 20Dividend of €0.20 announcedDividend of €0.20 is the same as last year. Ex-date: 22nd June 2026 Payment date: 24th June 2026 Dividend yield will be 1.0%, which is lower than the industry average of 5.0%. Sustainability & Growth Dividend is well covered by both earnings (15% earnings payout ratio) and cash flows (7% cash payout ratio). The dividend has increased by an average of 1.2% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 43% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Board Change • May 20High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. CEO, Director & Member of Administrative Board Aiveen Kearney is the most experienced director on the board, commencing their role in 2024. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.
お知らせ • May 08STEICO SE, Annual General Meeting, Jun 19, 2026STEICO SE, Annual General Meeting, Jun 19, 2026, at 09:00 W. Europe Standard Time.
お知らせ • Apr 30STEICO SE announces Annual dividend, payable on June 24, 2026STEICO SE announced Annual dividend of EUR 0.2000 per share payable on June 24, 2026, ex-date on June 22, 2026 and record date on June 23, 2026.
お知らせ • Apr 16STEICO SE to Report Q1, 2026 Results on Apr 14, 2026STEICO SE announced that they will report Q1, 2026 results on Apr 14, 2026
お知らせ • Oct 14STEICO SE to Report Q3, 2025 Results on Oct 13, 2025STEICO SE announced that they will report Q3, 2025 results on Oct 13, 2025
お知らせ • Jun 20STEICO SE Provides Earnings Guidance for the Full Year 2025STEICO SE provided earnings guidance for the full year 2025. For the period, the company expects sales to be around 3% to 6% higher than in the previous year (previously: plus 3%); this would correspond to sales of around €388 million to €399 million. EBIT is now expected to be around €29 million to €35 million is expected (previously €27 million to €35 million).
お知らせ • May 12STEICO SE, Annual General Meeting, Jun 20, 2025STEICO SE, Annual General Meeting, Jun 20, 2025, at 09:00 W. Europe Standard Time.
お知らせ • May 08STEICO SE announces Annual dividend, payable on June 25, 2025STEICO SE announced Annual dividend of EUR 0.2000 per share payable on June 25, 2025, ex-date on June 23, 2025 and record date on June 24, 2025.
お知らせ • Apr 11STEICO SE to Report Q1, 2025 Results on Apr 22, 2025STEICO SE announced that they will report Q1, 2025 results on Apr 22, 2025
お知らせ • Apr 10STEICO SE to Report Fiscal Year 2024 Final Results on Apr 30, 2025STEICO SE announced that they will report fiscal year 2024 final results on Apr 30, 2025
お知らせ • Jan 22STEICO SE Announces Changes to the Administrative BoardSTEICO SE announced Mr. Udo Schramek (Deputy Chairman of the Administrative Board) and Mrs. Katarzyna Schramek on 21 January 2025 resigned from their positions as members of the Administrative Board of the company with effect from the end of 28 February 2025. The Chairman of the Administrative Board, Mr. Paul O’Gorman, and Ms. Aiveen Kearney will continue as members of the Administrative Board. Following the departure of Mr. and Mrs. Schramek, the Administrative Board will consist of only two members and therefore no longer has the required number of members to form a quorum.
Price Target Changed • Oct 29Price target decreased by 9.8% to €34.50Down from €38.25, the current price target is an average from 4 analysts. New target price is 43% above last closing price of €24.10. Stock is down 13% over the past year. The company is forecast to post earnings per share of €2.29 for next year compared to €1.20 last year.
お知らせ • Oct 19STEICO SE to Report Q3, 2024 Results on Oct 21, 2024STEICO SE announced that they will report Q3, 2024 results on Oct 21, 2024
お知らせ • Oct 09STEICO SE Announces Resignation of Roger Fränkel as Managing Director for Investments and Plant Engineering on 31 December 2024STEICO SE announced that Roger Fränkel, Managing Director for Investments and Plant Engineering, has informed the Administrative Board that he will be stepping down from his position as Managing Director on 31 December 2024 in order to pursue new professional challenges. The Administrative Board has decided to fill the position in the short term, but no longer at Managing Director level.
お知らせ • Aug 21STEICO SE Announces Resignation of David Meyer as CFO, Effective December 2024Dr. David Meyer, CFO of the STEICO Group since June 2012, informed the Administrative Board that he will be leaving the company when his current contract expires at the end of December 2024 in order to pursue new professional challenges. A new CFO for the STEICO Group shall be presented shortly.
Buy Or Sell Opportunity • Aug 15Now 23% overvaluedOver the last 90 days, the stock has fallen 24% to €28.70. The fair value is estimated to be €23.31, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to decline by 3.2% in the next 2 years.
New Risk • Aug 02New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. Minor Risks High level of debt (46% net debt to equity). Large one-off items impacting financial results.
Valuation Update With 7 Day Price Move • Jul 29Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to €26.25, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 17x in the Building industry in Europe. Total loss to shareholders of 77% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €20.55 per share.
Reported Earnings • Jul 25First half 2024 earnings releasedFirst half 2024 results: Revenue: €191.3m (flat on 1H 2023). Net income: €19.8m (up 120% from 1H 2023). Profit margin: 10% (up from 4.7% in 1H 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Building industry in Europe.
New Risk • May 16New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.6x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.6x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.6% net profit margin).
お知らせ • May 10STEICO SE, Annual General Meeting, Jun 21, 2024STEICO SE, Annual General Meeting, Jun 21, 2024, at 10:00 W. Europe Standard Time.
Reported Earnings • May 05Full year 2023 earnings: Revenues miss analyst expectationsFull year 2023 results: Revenue: €389.4m (down 13% from FY 2022). Net income: €16.9m (down 65% from FY 2022). Profit margin: 4.3% (down from 11% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 2.2%. Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Building industry in Europe.
Valuation Update With 7 Day Price Move • Apr 24Investor sentiment improves as stock rises 21%After last week's 21% share price gain to €33.80, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 15x in the Building industry in Europe. Total loss to shareholders of 56% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €36.09 per share.
Buy Or Sell Opportunity • Mar 26Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 21% to €26.40. The fair value is estimated to be €33.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to decline by 0.6% in 2 years. Earnings are forecast to decline by 25% in the next 2 years.
Price Target Changed • Feb 12Price target decreased by 8.1% to €39.67Down from €43.17, the current price target is an average from 6 analysts. New target price is 50% above last closing price of €26.40. The company is forecast to post earnings per share of €1.28 for next year compared to €3.40 last year.
New Risk • Feb 12New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 4.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Earnings are forecast to decline by an average of 4.3% per year for the foreseeable future. High level of non-cash earnings (29% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Profit margins are more than 30% lower than last year (7.5% net profit margin).
Buy Or Sell Opportunity • Feb 10Now 26% undervalued after recent price dropOver the last 90 days, the stock has fallen 17% to €25.10. The fair value is estimated to be €33.69, 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 4.3% in 2 years. Earnings are forecast to decline by 19% in the next 2 years.
Buying Opportunity • Dec 13Now 20% undervaluedOver the last 90 days, the stock is up 9.0%. The fair value is estimated to be €37.28, 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 5.2% in 2 years. Earnings is forecast to decline by 18% in the next 2 years.
Buying Opportunity • Nov 28Now 21% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be €38.03, 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 5.2% in 2 years. Earnings is forecast to decline by 18% in the next 2 years.
Valuation Update With 7 Day Price Move • Nov 16Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €32.80, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 15x in the Building industry in Europe. Total loss to shareholders of 30% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €38.39 per share.
Buying Opportunity • Nov 09Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 14%. The fair value is estimated to be €36.31, 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 5.2% in 2 years. Earnings is forecast to decline by 18% in the next 2 years.
Valuation Update With 7 Day Price Move • Oct 30Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €26.15, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 13x in the Building industry in Europe. Total loss to shareholders of 43% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €37.85 per share.
New Risk • Jul 28New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings are forecast to decline by an average of 1.5% per year for the foreseeable future. High level of non-cash earnings (29% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (7.5% net profit margin).
Reported Earnings • Jul 27First half 2023 earnings releasedFirst half 2023 results: Revenue: €190.3m (down 20% from 1H 2022). Net income: €9.03m (down 66% from 1H 2022). Profit margin: 4.7% (down from 11% in 1H 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Building industry in Europe.
Price Target Changed • Jul 26Price target decreased by 13% to €42.83Down from €49.33, the current price target is an average from 6 analysts. New target price is 34% above last closing price of €32.00. The company is forecast to post earnings per share of €1.28 for next year compared to €3.40 last year.
New Risk • Jul 25New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 16% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (11% average weekly change). High level of non-cash earnings (29% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (7.4% net profit margin).
お知らせ • Jul 18Kingspan Group plc entered into an agreement to acquire a 51% stake in STEICO SE from Schramek Gmbh for approximately €290 million.Kingspan Group plc entered into an agreement to acquire a 51% stake in STEICO SE from Schramek Gmbh for approximately €290 million on July 17, 2023. The initial consideration for the shares will be €35 per share, plus potential deferred consideration of up to a further €35 per share contingent on achievement of specified thresholds with a material uplift in profitability. The acquisition is expected to be earnings neutral initially, based on Kingspan consensus EPS for 2023 and Steico guidance for 2023. The acquisition is conditional on regulatory clearance and is expected to complete in early 2024.
Valuation Update With 7 Day Price Move • Jul 17Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €34.65, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 15x in the Building industry in Europe. Total loss to shareholders of 8.4% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €46.81 per share.
New Risk • Jun 23New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings are forecast to decline by an average of 7.4% per year for the foreseeable future. High level of non-cash earnings (21% accrual ratio). Minor Risk High level of debt (43% net debt to equity).
Buying Opportunity • Jun 23Now 24% undervalued after recent price dropOver the last 90 days, the stock is down 43%. The fair value is estimated to be €41.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 31%. For the next 3 years, revenue is forecast to grow by 9.7% per annum. Earnings is forecast to decline by 7.4% per annum over the same time period.
Valuation Update With 7 Day Price Move • Jun 22Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €38.50, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 14x in the Building industry in Europe. Total returns to shareholders of 25% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €52.06 per share.
Price Target Changed • Jun 21Price target decreased by 14% to €61.50Down from €71.50, the current price target is an average from 6 analysts. New target price is 38% above last closing price of €44.45. Stock is down 32% over the past year. The company is forecast to post earnings per share of €1.99 for next year compared to €3.40 last year.
Upcoming Dividend • Jun 19Upcoming dividend of €0.40 per share at 0.9% yieldEligible shareholders must have bought the stock before 26 June 2023. Payment date: 28 June 2023. Payout ratio is a comfortable 12% but the company is not cash flow positive. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (4.2%).
New Risk • Jun 09New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 2.6% per year for the foreseeable future. High level of non-cash earnings (21% accrual ratio). Minor Risks High level of debt (43% net debt to equity). Share price has been volatile over the past 3 months (8.7% average weekly change).
Reported Earnings • May 16Full year 2022 earnings: Revenues miss analyst expectationsFull year 2022 results: Revenue: €463.6m (up 19% from FY 2021). Net income: €47.9m (flat on FY 2021). Profit margin: 10% (down from 12% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.4%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Building industry in Europe.
Valuation Update With 7 Day Price Move • May 13Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €49.30, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Building industry in Europe. Total returns to shareholders of 86% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €58.47 per share.
Buying Opportunity • Apr 21Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 9.5%. The fair value is estimated to be €58.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings is also forecast to grow by 3.0% per annum over the same time period.
Buying Opportunity • Dec 16Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 29%. The fair value is estimated to be €52.00, 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 14% in 2 years. Earnings is forecast to decline by 17% in the next 2 years.
Buying Opportunity • Nov 19Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 47%. The fair value is estimated to be €57.33, 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 17% in 2 years. Earnings is forecast to decline by 17% in the next 2 years.
Price Target Changed • Nov 16Price target decreased to €84.75Down from €102, the current price target is an average from 4 analysts. New target price is 76% above last closing price of €48.05. Stock is down 55% over the past year. The company is forecast to post earnings per share of €3.40 for next year compared to €3.42 last year.
Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Nov 12Investor sentiment improved over the past weekAfter last week's 19% share price gain to €50.10, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 13x in the Building industry in Europe. Total returns to shareholders of 105% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €56.97 per share.
Valuation Update With 7 Day Price Move • Oct 25Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €42.55, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 12x in the Building industry in Europe. Total returns to shareholders of 68% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €70.49 per share.
Price Target Changed • Oct 22Price target decreased to €104Down from €115, the current price target is an average from 4 analysts. New target price is 141% above last closing price of €43.00. Stock is down 62% over the past year. The company is forecast to post earnings per share of €3.50 for next year compared to €3.42 last year.
Buying Opportunity • Sep 17Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 17%. The fair value is estimated to be €73.64, 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 25% in 2 years. Earnings is forecast to decline by 3.7% in the next 2 years.
Price Target Changed • Aug 01Price target decreased to €111Down from €123, the current price target is an average from 4 analysts. New target price is 40% above last closing price of €79.30. Stock is down 31% over the past year. The company is forecast to post earnings per share of €3.52 for next year compared to €3.42 last year.
Reported Earnings • Jul 21First half 2022 earnings releasedFirst half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down €21.1m from profit in 1H 2021). Profit margin: (down from 11% in 1H 2021). The decrease in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 13%, compared to a 12% growth forecast for the industry in Germany.
Upcoming Dividend • Jun 17Upcoming dividend of €0.40 per shareEligible shareholders must have bought the stock before 24 June 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (2.4%).
Reported Earnings • May 06Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: EPS: €3.42 (up from €1.63 in FY 2020). Revenue: €388.5m (up 26% from FY 2020). Net income: €48.2m (up 110% from FY 2020). Profit margin: 12% (up from 7.4% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.1%. Over the next year, revenue is forecast to grow 23%, compared to a 13% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Mar 14Investor sentiment improved over the past weekAfter last week's 20% share price gain to €91.20, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 16x in the Building industry in Europe. Total returns to shareholders of 312% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €78.48 per share.
Valuation Update With 7 Day Price Move • Feb 23Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to €81.00, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 17x in the Building industry in Europe. Total returns to shareholders of 262% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €72.60 per share.
Valuation Update With 7 Day Price Move • Oct 18Investor sentiment improved over the past weekAfter last week's 16% share price gain to €118, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 21x in the Building industry in Europe. Total returns to shareholders of 406% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €122 per share.
Price Target Changed • Jul 23Price target increased to €107Up from €99.00, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of €111. Stock is up 182% over the past year.
Upcoming Dividend • Jun 18Upcoming dividend of €0.30 per shareEligible shareholders must have bought the stock before 25 June 2021. Payment date: 29 June 2021. Trailing yield: 0.3%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (1.5%).
Reported Earnings • Apr 30Full year 2020 earnings released: EPS €1.63 (vs €1.62 in FY 2019)The company reported a mediocre full year result with weaker profit margins, although earnings were flat and revenues improved. Full year 2020 results: Revenue: €308.9m (up 9.9% from FY 2019). Net income: €23.0m (flat on FY 2019). Profit margin: 7.4% (down from 8.1% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth.
Is New 90 Day High Low • Feb 13New 90-day high: €71.60The company is up 49% from its price of €48.10 on 13 November 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Building industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.76 per share.
Price Target Changed • Jan 08Price target raised to €61.33Up from €52.33, the current price target is an average from 3 analysts. The new target price is close to the current share price of €64.20. As of last close, the stock is up 113% over the past year.
Is New 90 Day High Low • Jan 08New 90-day high: €64.20The company is up 31% from its price of €49.00 on 09 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 Building industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €13.57 per share.
Valuation Update With 7 Day Price Move • Dec 29Investor sentiment improved over the past weekAfter last week's 15% share price gain to €62.80, the stock is trading at a trailing P/E ratio of 38.8x, up from the previous P/E ratio of 33.7x. This compares to an average P/E of 21x in the Building industry in Europe. Total returns to shareholders over the past three years are 199%.
Is New 90 Day High Low • Dec 18New 90-day high: €53.40The company is up 18% from its price of €45.40 on 18 September 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Building industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €13.53 per share.
Is New 90 Day High Low • Dec 02New 90-day high: €51.00The company is up 18% from its price of €43.20 on 03 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 Building industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.04 per share.
Price Target Changed • Oct 24Price target raised to €52.33Up from €47.67, the current price target is an average from 3 analysts. The new target price is 11% above the current share price of €47.00. As of last close, the stock is up 83% over the past year.