Recent Insider Transactions • Oct 12
Insider recently sold €329k worth of stock On the 5th of October, Kenneth Kamon sold around 468k shares on-market at roughly €0.70 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Aug 23
Full year 2022 earnings released: EPS: AU$0.13 (vs AU$0.077 in FY 2021) Full year 2022 results: EPS: AU$0.13 (up from AU$0.077 in FY 2021). Revenue: AU$1.69b (up 44% from FY 2021). Net income: AU$44.5m (up 90% from FY 2021). Profit margin: 2.6% (up from 2.0% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 12% compared to a 4.6% growth forecast for the Metals and Mining industry in Germany. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 10% per year. Upcoming Dividend • Feb 25
Upcoming dividend of AU$0.025 per share Eligible shareholders must have bought the stock before 04 March 2022. Payment date: 17 March 2022. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 6.5%. Within top quartile of German dividend payers (3.4%). Lower than average of industry peers (9.0%). Reported Earnings • Feb 24
First half 2022 earnings: EPS in line with analyst expectations despite revenue beat First half 2022 results: EPS: AU$0.065 (up from AU$0.054 in 1H 2021). Revenue: AU$841.1m (up 80% from 1H 2021). Net income: AU$22.2m (up 53% from 1H 2021). Profit margin: 2.6% (down from 3.1% in 1H 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 8.1%. Over the next year, revenue is forecast to grow 1.6%, compared to a 13% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 6% per year. Board Change • Dec 02
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Independent Non-Executive Director Robert Ryan is the most experienced director on the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Executive Departure • Oct 01
Independent Non-Executive Director Sandra Dodds has left the company On the 30th of September, Sandra Dodds' tenure as Independent Non-Executive Director ended after less than a year in the role. We don't have any record of a personal shareholding under Sandra's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 3.08 years. Reported Earnings • Sep 26
Full year 2021 earnings released: EPS AU$0.077 (vs AU$0.012 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: AU$1.17b (up 48% from FY 2020). Net income: AU$23.4m (up AU$20.3m from FY 2020). Profit margin: 2.0% (up from 0.4% in FY 2020). The increase in margin was driven by higher revenue. 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 16% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Aug 26
Upcoming dividend of AU$0.025 per share Eligible shareholders must have bought the stock before 02 September 2021. Payment date: 17 September 2021. Trailing yield: 6.1%. Within top quartile of German dividend payers (3.1%). In line with average of industry peers (6.5%). Reported Earnings • Aug 24
Full year 2021 earnings released: EPS AU$0.077 (vs AU$0.012 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: AU$1.17b (up 48% from FY 2020). Net income: AU$23.4m (up AU$20.3m from FY 2020). Profit margin: 2.0% (up from 0.4% in FY 2020). The increase in margin was driven by higher revenue. 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 16% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Mar 06
New 90-day low: €0.63 The company is down 5.0% from its price of €0.66 on 04 December 2020. The German market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 49% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.74 per share. Reported Earnings • Feb 23
First half 2021 earnings released: EPS AU$0.054 (vs AU$0.068 in 1H 2020) The company reported a mediocre first half result with weaker earnings and profit margins, although revenues improved. First half 2021 results: Revenue: AU$467.2m (up 32% from 1H 2020). Net income: AU$14.5m (down 20% from 1H 2020). Profit margin: 3.1% (down from 5.2% in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 05
New 90-day high: €0.79 The company is up 56% from its price of €0.51 on 07 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 Metals and Mining industry, which is up 45% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.30 per share. Is New 90 Day High Low • Dec 04
New 90-day high: €0.63 The company is up 7.0% from its price of €0.59 on 04 September 2020. The German market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.50 per share. Is New 90 Day High Low • Oct 15
New 90-day low: €0.48 The company is down 5.0% from its price of €0.51 on 17 July 2020. The German market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.54 per share. Is New 90 Day High Low • Sep 30
New 90-day low: €0.49 The company is down 6.0% from its price of €0.52 on 02 July 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.56 per share. Reported Earnings • Sep 26
Full year earnings released - EPS €0.012 Over the last 12 months the company has reported total profits of AU$3.17m, down 85% from the prior year. Total revenue was AU$795.8m over the last 12 months, up 21% from the prior year. Profit margins were 0.4%, which is lower than the 3.2% margin from last year. The decrease in margin was driven by higher expenses.