View Financial HealthEmak 配当と自社株買い配当金 基準チェック /46Emakは配当を支払う会社で、現在の利回りは3.45%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 3rd June, 2026で、権利落ち日は1st June, 2026 。主要情報3.4%配当利回り-0.3%バイバック利回り総株主利回り3.1%将来の配当利回り6.8%配当成長3.6%次回配当支払日03 Jun 26配当落ち日01 Jun 26一株当たり配当金n/a配当性向40%最近の配当と自社株買いの更新Declared Dividend • May 21Dividend increased to €0.03Dividend of €0.03 is 20% higher than last year. Ex-date: 1st June 2026 Payment date: 3rd June 2026 Dividend yield will be 3.5%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (40% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 1.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 78% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Mar 18Emak S.p.A. announces Annual dividend, payable on June 03, 2026Emak S.p.A. announced Annual dividend of EUR 0.0300 per share payable on June 03, 2026, ex-date on June 01, 2026 and record date on June 02, 2026.お知らせ • Mar 14Emak S.p.A. announces Annual dividend, payable on June 04, 2025Emak S.p.A. announced Annual dividend of EUR 0.0250 per share payable on June 04, 2025, ex-date on June 02, 2025 and record date on June 03, 2025.Upcoming Dividend • May 27Upcoming dividend of €0.045 per shareEligible shareholders must have bought the stock before 03 June 2024. Payment date: 05 June 2024. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of German dividend payers (4.6%). In line with average of industry peers (4.1%).Declared Dividend • Mar 18Dividend of €0.045 announcedShareholders will receive a dividend of €0.045. Ex-date: 3rd June 2024 Payment date: 5th June 2024 Dividend yield will be 4.9%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (66% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 11% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 38% over the next 2 years, which should provide support to the dividend and adequate earnings cover.Upcoming Dividend • May 29Upcoming dividend of €0.065 per share at 6.0% yieldEligible shareholders must have bought the stock before 05 June 2023. Payment date: 07 June 2023. Payout ratio is a comfortable 43% but the company is not cash flow positive. Trailing yield: 6.0%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.9%).すべての更新を表示Recent updatesDeclared Dividend • May 21Dividend increased to €0.03Dividend of €0.03 is 20% higher than last year. Ex-date: 1st June 2026 Payment date: 3rd June 2026 Dividend yield will be 3.5%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (40% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 1.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 78% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Mar 23Emak S.p.A., Annual General Meeting, Apr 21, 2026Emak S.p.A., Annual General Meeting, Apr 21, 2026, at 10:00 W. Europe Standard Time.お知らせ • Mar 18Emak S.p.A. announces Annual dividend, payable on June 03, 2026Emak S.p.A. announced Annual dividend of EUR 0.0300 per share payable on June 03, 2026, ex-date on June 01, 2026 and record date on June 02, 2026.お知らせ • Mar 21Emak S.p.A., Annual General Meeting, Apr 29, 2025Emak S.p.A., Annual General Meeting, Apr 29, 2025, at 10:00 W. Europe Standard Time.お知らせ • Mar 14Emak S.p.A. announces Annual dividend, payable on June 04, 2025Emak S.p.A. announced Annual dividend of EUR 0.0250 per share payable on June 04, 2025, ex-date on June 02, 2025 and record date on June 03, 2025.Buy Or Sell Opportunity • Jan 06Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 11% to €0.83. The fair value is estimated to be €1.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 39%. Revenue is forecast to grow by 8.8% in 2 years. Earnings are forecast to grow by 106% in the next 2 years.Reported Earnings • Nov 14Third quarter 2024 earnings released: €0.003 loss per share (vs €0.003 profit in 3Q 2023)Third quarter 2024 results: €0.003 loss per share (down from €0.003 profit in 3Q 2023). Revenue: €130.0m (up 9.5% from 3Q 2023). Net loss: €507.0k (down 194% from profit in 3Q 2023). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Consumer Durables 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 25% per year, which means it has not declined as severely as earnings.Reported Earnings • Aug 09Second quarter 2024 earnings released: EPS: €0.039 (vs €0.064 in 2Q 2023)Second quarter 2024 results: EPS: €0.039 (down from €0.064 in 2Q 2023). Revenue: €177.3m (up 11% from 2Q 2023). Net income: €6.37m (down 39% from 2Q 2023). Profit margin: 3.6% (down from 6.5% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.Buy Or Sell Opportunity • Jul 30Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 12% to €0.95. The fair value is estimated to be €1.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 27%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 108% in the next 2 years.New Risk • Jul 26New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.5x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.6% average weekly change). Profit margins are more than 30% lower than last year (2.8% net profit margin).Buy Or Sell Opportunity • Jul 10Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.5% to €0.97. The fair value is estimated to be €1.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 27%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 108% in the next 2 years.New Risk • Jun 14New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.5x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.9% average weekly change). Profit margins are more than 30% lower than last year (2.8% net profit margin).Upcoming Dividend • May 27Upcoming dividend of €0.045 per shareEligible shareholders must have bought the stock before 03 June 2024. Payment date: 05 June 2024. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of German dividend payers (4.6%). In line with average of industry peers (4.1%).Reported Earnings • May 17First quarter 2024 earnings released: EPS: €0.047 (vs €0.068 in 1Q 2023)First quarter 2024 results: EPS: €0.047 (down from €0.068 in 1Q 2023). Revenue: €171.0m (flat on 1Q 2023). Net income: €7.59m (down 32% from 1Q 2023). Profit margin: 4.4% (down from 6.5% in 1Q 2023). Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.New Risk • Mar 31New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 3.0x 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 (3.0x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.4% net profit margin).Valuation Update With 7 Day Price Move • Mar 21Investor sentiment improves as stock rises 20%After last week's 20% share price gain to €1.10, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 11x in the Consumer Durables industry in Germany. Total loss to shareholders of 6.0% over the past three years.Declared Dividend • Mar 18Dividend of €0.045 announcedShareholders will receive a dividend of €0.045. Ex-date: 3rd June 2024 Payment date: 5th June 2024 Dividend yield will be 4.9%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (66% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 11% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 38% over the next 2 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Mar 17Full year 2023 earnings released: EPS: €0.12 (vs €0.18 in FY 2022)Full year 2023 results: EPS: €0.12 (down from €0.18 in FY 2022). Revenue: €571.8m (down 5.6% from FY 2022). Net income: €19.1m (down 37% from FY 2022). Profit margin: 3.3% (down from 5.0% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.6% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has fallen by 16% 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.Valuation Update With 7 Day Price Move • Dec 19Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €1.02, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Consumer Durables industry in Europe. Total returns to shareholders of 11% over the past three years.Reported Earnings • Nov 17Third quarter 2023 earnings released: EPS: €0.003 (vs €0.031 in 3Q 2022)Third quarter 2023 results: EPS: €0.003 (down from €0.031 in 3Q 2022). Revenue: €119.6m (down 3.6% from 3Q 2022). Net income: €542.0k (down 89% from 3Q 2022). Profit margin: 0.5% (down from 4.1% in 3Q 2022). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 2% per year.Valuation Update With 7 Day Price Move • Oct 18Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €1.02, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 10x in the Consumer Durables industry in Europe. Total returns to shareholders of 36% over the past three years.New Risk • Aug 10New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.6% Last year net profit margin: 5.2% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks High level of debt (60% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (9.0% average weekly change). Profit margins are more than 30% lower than last year (3.6% net profit margin).Reported Earnings • Aug 10Second quarter 2023 earnings released: EPS: €0.064 (vs €0.089 in 2Q 2022)Second quarter 2023 results: EPS: €0.064 (down from €0.089 in 2Q 2022). Revenue: €161.9m (down 9.0% from 2Q 2022). Net income: €10.4m (down 29% from 2Q 2022). Profit margin: 6.4% (down from 8.2% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 4% per year.New Risk • Jul 19New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (5.5% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.2% average weekly change).Valuation Update With 7 Day Price Move • Jul 18Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €1.14, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Consumer Durables industry in Germany. Total returns to shareholders of 76% over the past three years.Upcoming Dividend • May 29Upcoming dividend of €0.065 per share at 6.0% yieldEligible shareholders must have bought the stock before 05 June 2023. Payment date: 07 June 2023. Payout ratio is a comfortable 43% but the company is not cash flow positive. Trailing yield: 6.0%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.9%).Reported Earnings • May 16First quarter 2023 earnings released: EPS: €0.068 (vs €0.10 in 1Q 2022)First quarter 2023 results: EPS: €0.068 (down from €0.10 in 1Q 2022). Revenue: €173.0m (down 9.1% from 1Q 2022). Net income: €11.1m (down 33% from 1Q 2022). Profit margin: 6.4% (down from 8.7% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 23% per year.Reported Earnings • Mar 19Full year 2022 earnings released: EPS: €0.18 (vs €0.20 in FY 2021)Full year 2022 results: EPS: €0.18 (down from €0.20 in FY 2021). Revenue: €610.5m (up 3.8% from FY 2021). Net income: €30.3m (down 6.9% from FY 2021). Profit margin: 5.0% (down from 5.5% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.5% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: €0.031 (vs €0.037 in 3Q 2021)Third quarter 2022 results: EPS: €0.031 (down from €0.037 in 3Q 2021). Revenue: €124.1m (down 5.5% from 3Q 2021). Net income: €5.06m (down 17% from 3Q 2021). Profit margin: 4.1% (down from 4.6% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.Reported Earnings • Nov 13Third quarter 2022 earnings released: EPS: €0.031 (vs €0.037 in 3Q 2021)Third quarter 2022 results: EPS: €0.031 (down from €0.037 in 3Q 2021). Revenue: €125.3m (down 4.6% from 3Q 2021). Net income: €5.06m (down 17% from 3Q 2021). Profit margin: 4.0% (down from 4.6% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 08Second quarter 2022 earnings released: EPS: €0.089 (vs €0.098 in 2Q 2021)Second quarter 2022 results: EPS: €0.089 (down from €0.098 in 2Q 2021). Revenue: €178.0m (up 4.6% from 2Q 2021). Net income: €14.6m (down 8.6% from 2Q 2021). Profit margin: 8.2% (down from 9.4% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to stay flat compared to a 3.1% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • May 30Upcoming dividend of €0.075 per shareEligible shareholders must have bought the stock before 06 June 2022. Payment date: 08 June 2022. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 4.9%. Within top quartile of German dividend payers (4.3%). Higher than average of industry peers (3.0%).Reported Earnings • May 14First quarter 2022 earnings released: EPS: €0.10 (vs €0.093 in 1Q 2021)First quarter 2022 results: EPS: €0.10 (up from €0.093 in 1Q 2021). Revenue: €191.0m (up 17% from 1Q 2021). Net income: €16.6m (up 9.7% from 1Q 2021). Profit margin: 8.7% (down from 9.3% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 1.0%, compared to a 7.1% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Reported Earnings • Mar 18Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: €0.20 (up from €0.12 in FY 2020). Revenue: €593.4m (up 26% from FY 2020). Net income: €32.5m (up 68% from FY 2020). Profit margin: 5.5% (up from 4.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.2%. Over the next year, revenue is forecast to grow 2.1%, compared to a 8.1% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Feb 08Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 15%. The fair value is estimated to be €2.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.9% per annum over the last 3 years. Earnings per share has grown by 24% per annum over the last 3 years.Buying Opportunity • Jan 22Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 4.0%. The fair value is estimated to be €2.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.9% per annum over the last 3 years. Earnings per share has grown by 24% per annum over the last 3 years.Valuation Update With 7 Day Price Move • Dec 01Investor sentiment improved over the past weekAfter last week's 16% share price gain to €2.22, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 13x in the Consumer Durables industry in Germany. Total returns to shareholders of 83% over the past three years.Reported Earnings • Nov 13Third quarter 2021 earnings released: EPS €0.037 (vs €0.029 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €132.8m (up 18% from 3Q 2020). Net income: €6.07m (up 28% from 3Q 2020). Profit margin: 4.6% (up from 4.2% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS €0.098 (vs €0.042 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €170.1m (up 31% from 2Q 2020). Net income: €16.0m (up 130% from 2Q 2020). Profit margin: 9.4% (up from 5.4% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 13% per year.Upcoming Dividend • Jun 01Upcoming dividend of €0.045 per shareEligible shareholders must have bought the stock before 07 June 2021. Payment date: 09 June 2021. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (3.2%). In line with average of industry peers (2.3%).Valuation Update With 7 Day Price Move • May 26Investor sentiment improved over the past weekAfter last week's 16% share price gain to €1.88, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Consumer Durables industry in Germany. Total returns to shareholders of 224% over the past year.Reported Earnings • May 13First quarter 2021 earnings released: EPS €0.093 (vs €0.024 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €164.3m (up 39% from 1Q 2020). Net income: €15.1m (up 291% from 1Q 2020). Profit margin: 9.2% (up from 3.3% in 1Q 2020). The increase in margin was driven by higher revenue.Reported Earnings • Apr 04Full year 2020 earnings releasedThe company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €469.8m (up 8.3% from FY 2019). Net income: €19.3m (up 49% from FY 2019). Profit margin: 4.1% (up from 3.0% in FY 2019). The increase in margin was driven by higher revenue.Reported Earnings • Mar 19Full year 2020 earnings released: EPS €0.12 (vs €0.079 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €469.8m (up 8.3% from FY 2019). Net income: €19.3m (up 49% from FY 2019). Profit margin: 4.1% (up from 3.0% in FY 2019). The increase in margin was driven by higher revenue.Is New 90 Day High Low • Mar 09New 90-day high: €1.22The company is up 18% from its price of €1.03 on 09 December 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Consumer Durables industry, which is also up 18% over the same period.Is New 90 Day High Low • Feb 02New 90-day high: €1.18The company is up 39% from its price of €0.85 on 04 November 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 26% over the same period.Is New 90 Day High Low • Jan 07New 90-day high: €1.13The company is up 30% from its price of €0.87 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 Consumer Durables industry, which is up 18% over the same period.Is New 90 Day High Low • Dec 08New 90-day high: €1.04The company is up 28% from its price of €0.81 on 09 September 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 17% over the same period.Is New 90 Day High Low • Nov 13New 90-day high: €0.98The company is up 14% from its price of €0.86 on 14 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 9.0% over the same period.Reported Earnings • Nov 12Third quarter 2020 earnings released: EPS €0.029The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: €113.5m (up 21% from 3Q 2019). Net income: €4.76m (up 316% from 3Q 2019). Profit margin: 4.2% (up from 1.2% in 3Q 2019). The increase in margin was driven by higher revenue.Is New 90 Day High Low • Oct 13New 90-day high: €0.91The company is up 22% from its price of €0.75 on 15 July 2020. The German market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 17% over the same period.配当金の支払いについて今日May 23 2026配当落ち日Jun 01 2026配当支払日Jun 03 20262 days 配当落ちから次の8 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: EK4の配当金支払いは、過去10年間 変動性 が高かった。増加する配当: EK4の配当金は過去10年間にわたって増加しています。配当利回り対市場Emak 配当利回り対市場EK4 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 (EK4)3.4%市場下位25% (DE)1.5%市場トップ25% (DE)4.5%業界平均 (Consumer Durables)5.6%アナリスト予想 (EK4) (最長3年)6.8%注目すべき配当: EK4の配当金 ( 3.45% ) はGerman市場の配当金支払者の下位 25% ( 1.54% ) よりも高くなっています。高配当: EK4の配当金 ( 3.45% ) はGerman市場の配当金支払者の上位 25% ( 4.55% ) 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: EK4の 配当性向 ( 39.5% ) はかなり低いため、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: EK4は低い 現金配当性向 ( 20.5% ) であるため、配当金の支払いはキャッシュフローによって十分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2026/05/22 13:56終値2026/05/22 00:00収益2026/03/31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Emak S.p.A. 1 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。2 アナリスト機関Paola SagliettiBanca Akros S.p.A. (ESN)Carlo MaritanoIntermonte SIM S.p.A.
Declared Dividend • May 21Dividend increased to €0.03Dividend of €0.03 is 20% higher than last year. Ex-date: 1st June 2026 Payment date: 3rd June 2026 Dividend yield will be 3.5%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (40% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 1.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 78% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 18Emak S.p.A. announces Annual dividend, payable on June 03, 2026Emak S.p.A. announced Annual dividend of EUR 0.0300 per share payable on June 03, 2026, ex-date on June 01, 2026 and record date on June 02, 2026.
お知らせ • Mar 14Emak S.p.A. announces Annual dividend, payable on June 04, 2025Emak S.p.A. announced Annual dividend of EUR 0.0250 per share payable on June 04, 2025, ex-date on June 02, 2025 and record date on June 03, 2025.
Upcoming Dividend • May 27Upcoming dividend of €0.045 per shareEligible shareholders must have bought the stock before 03 June 2024. Payment date: 05 June 2024. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of German dividend payers (4.6%). In line with average of industry peers (4.1%).
Declared Dividend • Mar 18Dividend of €0.045 announcedShareholders will receive a dividend of €0.045. Ex-date: 3rd June 2024 Payment date: 5th June 2024 Dividend yield will be 4.9%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (66% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 11% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 38% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
Upcoming Dividend • May 29Upcoming dividend of €0.065 per share at 6.0% yieldEligible shareholders must have bought the stock before 05 June 2023. Payment date: 07 June 2023. Payout ratio is a comfortable 43% but the company is not cash flow positive. Trailing yield: 6.0%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.9%).
Declared Dividend • May 21Dividend increased to €0.03Dividend of €0.03 is 20% higher than last year. Ex-date: 1st June 2026 Payment date: 3rd June 2026 Dividend yield will be 3.5%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (40% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 1.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 78% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 23Emak S.p.A., Annual General Meeting, Apr 21, 2026Emak S.p.A., Annual General Meeting, Apr 21, 2026, at 10:00 W. Europe Standard Time.
お知らせ • Mar 18Emak S.p.A. announces Annual dividend, payable on June 03, 2026Emak S.p.A. announced Annual dividend of EUR 0.0300 per share payable on June 03, 2026, ex-date on June 01, 2026 and record date on June 02, 2026.
お知らせ • Mar 21Emak S.p.A., Annual General Meeting, Apr 29, 2025Emak S.p.A., Annual General Meeting, Apr 29, 2025, at 10:00 W. Europe Standard Time.
お知らせ • Mar 14Emak S.p.A. announces Annual dividend, payable on June 04, 2025Emak S.p.A. announced Annual dividend of EUR 0.0250 per share payable on June 04, 2025, ex-date on June 02, 2025 and record date on June 03, 2025.
Buy Or Sell Opportunity • Jan 06Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 11% to €0.83. The fair value is estimated to be €1.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 39%. Revenue is forecast to grow by 8.8% in 2 years. Earnings are forecast to grow by 106% in the next 2 years.
Reported Earnings • Nov 14Third quarter 2024 earnings released: €0.003 loss per share (vs €0.003 profit in 3Q 2023)Third quarter 2024 results: €0.003 loss per share (down from €0.003 profit in 3Q 2023). Revenue: €130.0m (up 9.5% from 3Q 2023). Net loss: €507.0k (down 194% from profit in 3Q 2023). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Consumer Durables 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 25% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 09Second quarter 2024 earnings released: EPS: €0.039 (vs €0.064 in 2Q 2023)Second quarter 2024 results: EPS: €0.039 (down from €0.064 in 2Q 2023). Revenue: €177.3m (up 11% from 2Q 2023). Net income: €6.37m (down 39% from 2Q 2023). Profit margin: 3.6% (down from 6.5% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.
Buy Or Sell Opportunity • Jul 30Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 12% to €0.95. The fair value is estimated to be €1.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 27%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 108% in the next 2 years.
New Risk • Jul 26New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.5x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.6% average weekly change). Profit margins are more than 30% lower than last year (2.8% net profit margin).
Buy Or Sell Opportunity • Jul 10Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.5% to €0.97. The fair value is estimated to be €1.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 27%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 108% in the next 2 years.
New Risk • Jun 14New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.5x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.9% average weekly change). Profit margins are more than 30% lower than last year (2.8% net profit margin).
Upcoming Dividend • May 27Upcoming dividend of €0.045 per shareEligible shareholders must have bought the stock before 03 June 2024. Payment date: 05 June 2024. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of German dividend payers (4.6%). In line with average of industry peers (4.1%).
Reported Earnings • May 17First quarter 2024 earnings released: EPS: €0.047 (vs €0.068 in 1Q 2023)First quarter 2024 results: EPS: €0.047 (down from €0.068 in 1Q 2023). Revenue: €171.0m (flat on 1Q 2023). Net income: €7.59m (down 32% from 1Q 2023). Profit margin: 4.4% (down from 6.5% in 1Q 2023). Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.
New Risk • Mar 31New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 3.0x 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 (3.0x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.4% net profit margin).
Valuation Update With 7 Day Price Move • Mar 21Investor sentiment improves as stock rises 20%After last week's 20% share price gain to €1.10, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 11x in the Consumer Durables industry in Germany. Total loss to shareholders of 6.0% over the past three years.
Declared Dividend • Mar 18Dividend of €0.045 announcedShareholders will receive a dividend of €0.045. Ex-date: 3rd June 2024 Payment date: 5th June 2024 Dividend yield will be 4.9%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (66% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 11% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 38% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Mar 17Full year 2023 earnings released: EPS: €0.12 (vs €0.18 in FY 2022)Full year 2023 results: EPS: €0.12 (down from €0.18 in FY 2022). Revenue: €571.8m (down 5.6% from FY 2022). Net income: €19.1m (down 37% from FY 2022). Profit margin: 3.3% (down from 5.0% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.6% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has fallen by 16% 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.
Valuation Update With 7 Day Price Move • Dec 19Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €1.02, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Consumer Durables industry in Europe. Total returns to shareholders of 11% over the past three years.
Reported Earnings • Nov 17Third quarter 2023 earnings released: EPS: €0.003 (vs €0.031 in 3Q 2022)Third quarter 2023 results: EPS: €0.003 (down from €0.031 in 3Q 2022). Revenue: €119.6m (down 3.6% from 3Q 2022). Net income: €542.0k (down 89% from 3Q 2022). Profit margin: 0.5% (down from 4.1% in 3Q 2022). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 2% per year.
Valuation Update With 7 Day Price Move • Oct 18Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €1.02, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 10x in the Consumer Durables industry in Europe. Total returns to shareholders of 36% over the past three years.
New Risk • Aug 10New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.6% Last year net profit margin: 5.2% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks High level of debt (60% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (9.0% average weekly change). Profit margins are more than 30% lower than last year (3.6% net profit margin).
Reported Earnings • Aug 10Second quarter 2023 earnings released: EPS: €0.064 (vs €0.089 in 2Q 2022)Second quarter 2023 results: EPS: €0.064 (down from €0.089 in 2Q 2022). Revenue: €161.9m (down 9.0% from 2Q 2022). Net income: €10.4m (down 29% from 2Q 2022). Profit margin: 6.4% (down from 8.2% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 4% per year.
New Risk • Jul 19New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (5.5% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.2% average weekly change).
Valuation Update With 7 Day Price Move • Jul 18Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €1.14, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Consumer Durables industry in Germany. Total returns to shareholders of 76% over the past three years.
Upcoming Dividend • May 29Upcoming dividend of €0.065 per share at 6.0% yieldEligible shareholders must have bought the stock before 05 June 2023. Payment date: 07 June 2023. Payout ratio is a comfortable 43% but the company is not cash flow positive. Trailing yield: 6.0%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.9%).
Reported Earnings • May 16First quarter 2023 earnings released: EPS: €0.068 (vs €0.10 in 1Q 2022)First quarter 2023 results: EPS: €0.068 (down from €0.10 in 1Q 2022). Revenue: €173.0m (down 9.1% from 1Q 2022). Net income: €11.1m (down 33% from 1Q 2022). Profit margin: 6.4% (down from 8.7% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 23% per year.
Reported Earnings • Mar 19Full year 2022 earnings released: EPS: €0.18 (vs €0.20 in FY 2021)Full year 2022 results: EPS: €0.18 (down from €0.20 in FY 2021). Revenue: €610.5m (up 3.8% from FY 2021). Net income: €30.3m (down 6.9% from FY 2021). Profit margin: 5.0% (down from 5.5% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.5% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: €0.031 (vs €0.037 in 3Q 2021)Third quarter 2022 results: EPS: €0.031 (down from €0.037 in 3Q 2021). Revenue: €124.1m (down 5.5% from 3Q 2021). Net income: €5.06m (down 17% from 3Q 2021). Profit margin: 4.1% (down from 4.6% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Nov 13Third quarter 2022 earnings released: EPS: €0.031 (vs €0.037 in 3Q 2021)Third quarter 2022 results: EPS: €0.031 (down from €0.037 in 3Q 2021). Revenue: €125.3m (down 4.6% from 3Q 2021). Net income: €5.06m (down 17% from 3Q 2021). Profit margin: 4.0% (down from 4.6% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 08Second quarter 2022 earnings released: EPS: €0.089 (vs €0.098 in 2Q 2021)Second quarter 2022 results: EPS: €0.089 (down from €0.098 in 2Q 2021). Revenue: €178.0m (up 4.6% from 2Q 2021). Net income: €14.6m (down 8.6% from 2Q 2021). Profit margin: 8.2% (down from 9.4% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to stay flat compared to a 3.1% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • May 30Upcoming dividend of €0.075 per shareEligible shareholders must have bought the stock before 06 June 2022. Payment date: 08 June 2022. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 4.9%. Within top quartile of German dividend payers (4.3%). Higher than average of industry peers (3.0%).
Reported Earnings • May 14First quarter 2022 earnings released: EPS: €0.10 (vs €0.093 in 1Q 2021)First quarter 2022 results: EPS: €0.10 (up from €0.093 in 1Q 2021). Revenue: €191.0m (up 17% from 1Q 2021). Net income: €16.6m (up 9.7% from 1Q 2021). Profit margin: 8.7% (down from 9.3% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 1.0%, compared to a 7.1% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Mar 18Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: €0.20 (up from €0.12 in FY 2020). Revenue: €593.4m (up 26% from FY 2020). Net income: €32.5m (up 68% from FY 2020). Profit margin: 5.5% (up from 4.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.2%. Over the next year, revenue is forecast to grow 2.1%, compared to a 8.1% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Feb 08Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 15%. The fair value is estimated to be €2.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.9% per annum over the last 3 years. Earnings per share has grown by 24% per annum over the last 3 years.
Buying Opportunity • Jan 22Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 4.0%. The fair value is estimated to be €2.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.9% per annum over the last 3 years. Earnings per share has grown by 24% per annum over the last 3 years.
Valuation Update With 7 Day Price Move • Dec 01Investor sentiment improved over the past weekAfter last week's 16% share price gain to €2.22, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 13x in the Consumer Durables industry in Germany. Total returns to shareholders of 83% over the past three years.
Reported Earnings • Nov 13Third quarter 2021 earnings released: EPS €0.037 (vs €0.029 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €132.8m (up 18% from 3Q 2020). Net income: €6.07m (up 28% from 3Q 2020). Profit margin: 4.6% (up from 4.2% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 09Second quarter 2021 earnings released: EPS €0.098 (vs €0.042 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €170.1m (up 31% from 2Q 2020). Net income: €16.0m (up 130% from 2Q 2020). Profit margin: 9.4% (up from 5.4% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 13% per year.
Upcoming Dividend • Jun 01Upcoming dividend of €0.045 per shareEligible shareholders must have bought the stock before 07 June 2021. Payment date: 09 June 2021. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (3.2%). In line with average of industry peers (2.3%).
Valuation Update With 7 Day Price Move • May 26Investor sentiment improved over the past weekAfter last week's 16% share price gain to €1.88, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Consumer Durables industry in Germany. Total returns to shareholders of 224% over the past year.
Reported Earnings • May 13First quarter 2021 earnings released: EPS €0.093 (vs €0.024 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €164.3m (up 39% from 1Q 2020). Net income: €15.1m (up 291% from 1Q 2020). Profit margin: 9.2% (up from 3.3% in 1Q 2020). The increase in margin was driven by higher revenue.
Reported Earnings • Apr 04Full year 2020 earnings releasedThe company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €469.8m (up 8.3% from FY 2019). Net income: €19.3m (up 49% from FY 2019). Profit margin: 4.1% (up from 3.0% in FY 2019). The increase in margin was driven by higher revenue.
Reported Earnings • Mar 19Full year 2020 earnings released: EPS €0.12 (vs €0.079 in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €469.8m (up 8.3% from FY 2019). Net income: €19.3m (up 49% from FY 2019). Profit margin: 4.1% (up from 3.0% in FY 2019). The increase in margin was driven by higher revenue.
Is New 90 Day High Low • Mar 09New 90-day high: €1.22The company is up 18% from its price of €1.03 on 09 December 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Consumer Durables industry, which is also up 18% over the same period.
Is New 90 Day High Low • Feb 02New 90-day high: €1.18The company is up 39% from its price of €0.85 on 04 November 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 26% over the same period.
Is New 90 Day High Low • Jan 07New 90-day high: €1.13The company is up 30% from its price of €0.87 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 Consumer Durables industry, which is up 18% over the same period.
Is New 90 Day High Low • Dec 08New 90-day high: €1.04The company is up 28% from its price of €0.81 on 09 September 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 17% over the same period.
Is New 90 Day High Low • Nov 13New 90-day high: €0.98The company is up 14% from its price of €0.86 on 14 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 9.0% over the same period.
Reported Earnings • Nov 12Third quarter 2020 earnings released: EPS €0.029The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: €113.5m (up 21% from 3Q 2019). Net income: €4.76m (up 316% from 3Q 2019). Profit margin: 4.2% (up from 1.2% in 3Q 2019). The increase in margin was driven by higher revenue.
Is New 90 Day High Low • Oct 13New 90-day high: €0.91The company is up 22% from its price of €0.75 on 15 July 2020. The German market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 17% over the same period.