New Risk • Jul 17
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.1x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.1x net interest cover). Earnings have declined by 13% per year over the past 5 years. 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 (1.7% net profit margin). Market cap is less than US$100m (€14.9m market cap, or US$17.1m). Buy Or Sell Opportunity • Jul 13
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.6% to €7.36. The fair value is estimated to be €9.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years. Earnings per share has grown by 18%. Declared Dividend • Jul 10
Dividend of zł3.00 announced Shareholders will receive a dividend of zł3.00. Ex-date: 28th September 2026 Payment date: 17th December 2026 Dividend yield will be 40%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is covered by earnings (53% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 15% per year over the past 8 years. However, payments have been volatile during that time. Earnings per share has grown by 9.0% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. お知らせ • Jul 08
ESOTIQ & Henderson S.A. announces Annual dividend, payable on December 17, 2026 ESOTIQ & Henderson S.A. announced Annual dividend of PLN 3.0000 per share payable on December 17, 2026, ex-date on September 28, 2026 and record date on September 29, 2026. お知らせ • Jun 05
ESOTIQ & Henderson S.A., Annual General Meeting, Jun 30, 2026 ESOTIQ & Henderson S.A., Annual General Meeting, Jun 30, 2026. お知らせ • Aug 25
ESOTIQ & Henderson S.A. to Report First Half, 2025 Results on Sep 26, 2025 ESOTIQ & Henderson S.A. announced that they will report first half, 2025 results on Sep 26, 2025 お知らせ • Jul 08
ESOTIQ & Henderson S.A. announces Annual dividend, payable on October 28, 2025 ESOTIQ & Henderson S.A. announced Annual dividend of PLN 3.0000 per share payable on October 28, 2025, ex-date on September 26, 2025 and record date on September 29, 2025. Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €10.10, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 21x in the Luxury industry in Germany. Total returns to shareholders of 59% over the past year. Reported Earnings • Oct 01
Second quarter 2024 earnings released: EPS: zł2.72 (vs zł0.62 in 2Q 2023) Second quarter 2024 results: EPS: zł2.72 (up from zł0.62 in 2Q 2023). Revenue: zł72.4m (up 18% from 2Q 2023). Net income: zł5.80m (up 466% from 2Q 2023). Profit margin: 8.0% (up from 1.7% in 2Q 2023). The increase in margin was driven by higher revenue. New Risk • Jun 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.5% net profit margin). Market cap is less than US$100m (€19.6m market cap, or US$21.0m). お知らせ • Jun 05
ESOTIQ & Henderson S.A., Annual General Meeting, Jun 28, 2024 ESOTIQ & Henderson S.A., Annual General Meeting, Jun 28, 2024. Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €9.18, the stock trades at a trailing P/E ratio of 21.2x. Average trailing P/E is 28x in the Luxury industry in Germany. Total returns to shareholders of 38% over the past year. Reported Earnings • Nov 30
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: zł82.1m (up 9.8% from 3Q 2022). Net income: zł3.80m (down 18% from 3Q 2022). Profit margin: 4.6% (down from 6.2% in 3Q 2022). The decrease in margin was driven by higher expenses. Reported Earnings • Oct 01
Second quarter 2023 earnings released: EPS: zł0.62 (vs zł1.20 in 2Q 2022) Second quarter 2023 results: EPS: zł0.62 (down from zł1.20 in 2Q 2022). Revenue: zł61.1m (up 10% from 2Q 2022). Net income: zł1.03m (down 54% from 2Q 2022). Profit margin: 1.7% (down from 4.0% in 2Q 2022). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €7.50, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 19x in the Luxury industry in Germany. Total returns to shareholders of 17% over the past year. Upcoming Dividend • Jul 13
Upcoming dividend of zł1.20 per share at 6.5% yield Eligible shareholders must have bought the stock before 20 July 2023. Payment date: 18 August 2023. Trailing yield: 6.5%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (0.8%). お知らせ • Jun 13
ESOTIQ & Henderson S.A., Annual General Meeting, Jun 30, 2023 ESOTIQ & Henderson S.A., Annual General Meeting, Jun 30, 2023, at 15:00 Central European Standard Time. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €6.72, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 16x in the Luxury industry in Germany. Total loss to shareholders of 28% over the past year. Valuation Update With 7 Day Price Move • Jan 11
Investor sentiment improved over the past week After last week's 16% share price gain to €6.40, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 16x in the Luxury industry in Germany. Reported Earnings • Nov 30
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: zł74.8m (up 25% from 3Q 2021). Net income: zł4.63m (down 40% from 3Q 2021). Profit margin: 6.2% (down from 13% in 3Q 2021). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improved over the past week After last week's 21% share price gain to €4.84, the stock trades at a trailing P/E ratio of 3.5x. Average trailing P/E is 14x in the Luxury industry in Germany. Valuation Update With 7 Day Price Move • Oct 02
Investor sentiment deteriorated over the past week After last week's 24% share price decline to €4.25, the stock trades at a trailing P/E ratio of 2.4x. Average trailing P/E is 14x in the Luxury industry in Germany. Reported Earnings • Sep 30
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: zł55.5m (up 13% from 2Q 2021). Net income: zł2.23m (down 58% from 2Q 2021). Profit margin: 4.0% (down from 11% in 2Q 2021). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment improved over the past week After last week's 17% share price gain to €7.06, the stock trades at a trailing P/E ratio of 4.1x. Average trailing P/E is 15x in the Luxury industry in Germany. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €6.70, the stock trades at a trailing P/E ratio of 3.6x. Average trailing P/E is 16x in the Luxury industry in Germany. Reported Earnings • May 31
First quarter 2022 earnings released First quarter 2022 results: Revenue: zł51.3m (up 12% from 1Q 2021). Net income: zł2.33m (down 17% from 1Q 2021). Profit margin: 4.5% (down from 6.1% in 1Q 2021). The decrease in margin was driven by higher expenses. お知らせ • May 27
ESOTIQ & Henderson S.A., Annual General Meeting, Jun 20, 2022 ESOTIQ & Henderson S.A., Annual General Meeting, Jun 20, 2022, at 15:00 Central European Standard Time. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment improved over the past week After last week's 18% share price gain to €8.74, the stock trades at a trailing P/E ratio of 5.1x. Average trailing P/E is 19x in the Luxury industry in Germany. Valuation Update With 7 Day Price Move • Feb 26
Investor sentiment deteriorated over the past week After last week's 22% share price decline to €8.82, the stock trades at a trailing P/E ratio of 4.4x. Average trailing P/E is 21x in the Luxury industry in Germany.