View ValuationSergeFerrari Group 将来の成長Future 基準チェック /36SergeFerrari Group利益と収益がそれぞれ年間29.7%と3.5%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に11.4% 27.9%なると予測されています。主要情報29.7%収益成長率27.91%EPS成長率Chemicals 収益成長43.5%収益成長率3.5%将来の株主資本利益率11.40%アナリストカバレッジLow最終更新日22 May 2026今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesお知らせ • Apr 29Serge Ferrari Group Discontinues Pet Spinning Operations At Tersuisse Site and Reduces 62 JobsSerge Ferrari Group announced a new phase in the rollout of its plan to streamline its industrial operations, with plans to cease operations at the Tersuisse site, its high-tenacity PET (polyethylene terephthalate) yarn production plant located in Emmenbrücke, Switzerland, which employs 62 people. Industrial continuity would be fully ensured through external supplies of PET yarn. The Group would, however, retain the intellectual property and technological expertise related to its specialty yarns. Warping operations would be transferred to the La Tour du Pin site to secure the value chain and keep key expertise at the heart of the industrial infrastructure. In line with its strategic plan, this project aims to strengthen the Group’s competitiveness and industrial flexibility to better address the accelerating pace of change in its business segments. It would result in exceptional expenses in the first half of 2026, with a limited cash impact, but would have a positive effect on operating profitability while reducing capital employed starting in 2027.お知らせ • Apr 23SergeFerrari Group SA to Report First Half, 2026 Results on Sep 09, 2026SergeFerrari Group SA announced that they will report first half, 2026 results on Sep 09, 2026お知らせ • Mar 14+ 1 more updateSergeFerrari Group SA announces Annual dividend, payable on June 04, 2026SergeFerrari Group SA announced Annual dividend of EUR 0.1300 per share payable on June 04, 2026, ex-date on June 02, 2026 and record date on June 03, 2026.お知らせ • Oct 21SergeFerrari Group SA to Report Fiscal Year 2025 Results on Mar 11, 2026SergeFerrari Group SA announced that they will report fiscal year 2025 results After-Market on Mar 11, 2026お知らせ • Apr 25SergeFerrari Group SA to Report First Half, 2025 Results on Sep 10, 2025SergeFerrari Group SA announced that they will report first half, 2025 results on Sep 10, 2025お知らせ • Mar 29SergeFerrari Group SA, Annual General Meeting, May 15, 2025SergeFerrari Group SA, Annual General Meeting, May 15, 2025.お知らせ • Oct 31SergeFerrari Group SA to Report Fiscal Year 2024 Results on Mar 27, 2025SergeFerrari Group SA announced that they will report fiscal year 2024 results on Mar 27, 2025Buy Or Sell Opportunity • Sep 11Now 23% overvaluedOver the last 90 days, the stock has fallen 11% to €5.45. The fair value is estimated to be €4.44, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 22%. For the next 3 years, revenue is forecast to grow by 2.5% per annum. Earnings are also forecast to grow by 42% per annum over the same time period.Upcoming Dividend • Jun 21Upcoming dividend of €0.12 per shareEligible shareholders must have bought the stock before 28 June 2024. Payment date: 02 July 2024. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.1%).Valuation Update With 7 Day Price Move • May 09Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €7.21, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 14x in the Chemicals industry in Germany. Total returns to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €6.73 per share.お知らせ • Apr 24+ 2 more updatesSergeFerrari Group SA, Annual General Meeting, May 16, 2024SergeFerrari Group SA, Annual General Meeting, May 16, 2024, at 10:00 Central European Standard Time.New Risk • Mar 31New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 48% 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. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.1x net interest cover). Minor Risks 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 (1.4% net profit margin). Market cap is less than US$100m (€69.2m market cap, or US$74.6m).Reported Earnings • Mar 28Full year 2023 earnings released: EPS: €0.40 (vs €1.30 in FY 2022)Full year 2023 results: EPS: €0.40 (down from €1.30 in FY 2022). Revenue: €327.6m (down 3.3% from FY 2022). Net income: €4.72m (down 70% from FY 2022). Profit margin: 1.4% (down from 4.6% in FY 2022). Revenue is forecast to grow 2.8% p.a. on average during the next 2 years, compared to a 3.8% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.お知らせ • Mar 27SergeFerrari Group SA Proposes Dividend for Fiscal Year 2023, Payable in July 2024SergeFerrari Group SA announced that, at the Annual General Meeting of May 16th, 2024, the Group will propose a dividend of €0.12 per share for fiscal year 2023, payable in July 2024.お知らせ • Jan 31SergeFerrari Group SA to Report Fiscal Year 2023 Results on Mar 26, 2024SergeFerrari Group SA announced that they will report fiscal year 2023 results After-Market on Mar 26, 2024Valuation Update With 7 Day Price Move • Jan 23Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €6.46, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 13x in the Chemicals industry in Germany. Total returns to shareholders of 2.5% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €12.60 per share.New Risk • Dec 08New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.7% 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 1.7% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (139% cash payout ratio). Share price has been volatile over the past 3 months (8.8% average weekly change).Valuation Update With 7 Day Price Move • Nov 03Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €5.99, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Chemicals industry in Germany. Total returns to shareholders of 12% over the past three years.Valuation Update With 7 Day Price Move • Oct 19Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to €6.19, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Chemicals industry in Germany. Total returns to shareholders of 1.7% over the past three years.Valuation Update With 7 Day Price Move • Sep 27Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €7.87, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 16x in the Chemicals industry in Germany. Total returns to shareholders of 43% over the past three years.New Risk • Jul 21New 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 Debt is not well covered by operating cash flow (10.0% 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 (6.9% average weekly change).Valuation Update With 7 Day Price Move • Jul 20Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to €11.96, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Chemicals industry in Germany. Total returns to shareholders of 93% over the past three years.Upcoming Dividend • Apr 19Upcoming dividend of €0.40 per share at 2.8% yieldEligible shareholders must have bought the stock before 26 April 2023. Payment date: 28 April 2023. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (5.3%).Reported Earnings • Mar 08Full year 2022 earnings released: EPS: €1.30 (vs €0.86 in FY 2021)Full year 2022 results: EPS: €1.30 (up from €0.86 in FY 2021). Revenue: €338.7m (up 19% from FY 2021). Net income: €15.5m (up 53% from FY 2021). Profit margin: 4.6% (up from 3.6% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Jan 21Investor sentiment improved over the past weekAfter last week's 15% share price gain to €13.22, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Chemicals industry in Germany. Total returns to shareholders of 120% over the past three years.Valuation Update With 7 Day Price Move • Sep 24Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €9.50, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 9x in the Chemicals industry in Germany. Total returns to shareholders of 8.6% over the past year.お知らせ • Sep 22+ 2 more updatesSergeFerrari Group SA to Report First Half, 2023 Results on Sep 04, 2023SergeFerrari Group SA announced that they will report first half, 2023 results on Sep 04, 2023Valuation Update With 7 Day Price Move • Jul 23Investor sentiment improved over the past weekAfter last week's 15% share price gain to €13.76, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 8x in the Chemicals industry in Germany. Total returns to shareholders of 110% over the past year.Valuation Update With 7 Day Price Move • Jun 14Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to €13.10, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Chemicals industry in Germany. Total returns to shareholders of 94% over the past year.Upcoming Dividend • May 12Upcoming dividend of €0.29 per shareEligible shareholders must have bought the stock before 19 May 2022. Payment date: 23 May 2022. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (4.2%). Lower than average of industry peers (5.1%).Valuation Update With 7 Day Price Move • Mar 15Investor sentiment improved over the past weekAfter last week's 16% share price gain to €16.52, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 10x in the Chemicals industry in Germany. Total returns to shareholders of 226% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €14.48 per share.Reported Earnings • Mar 09Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: €0.86 (up from €0.04 in FY 2020). Revenue: €285.9m (up 46% from FY 2020). Net income: €10.2m (up €9.71m from FY 2020). Profit margin: 3.6% (up from 0.2% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.5%. Over the next year, revenue is forecast to grow 8.8%, compared to a 4.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 41% per year whereas the company’s share price has increased by 40% per year.Valuation Update With 7 Day Price Move • Jan 29Investor sentiment improved over the past weekAfter last week's 17% share price gain to €14.80, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 11x in the Chemicals industry in Germany. Total returns to shareholders of 159% over the past three years.Reported Earnings • Sep 11First half 2021 earnings released: EPS €0.75 (vs €0.21 in 1H 2020)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €144.7m (up 82% from 1H 2020). Net income: €8.74m (up 245% from 1H 2020). Profit margin: 6.0% (up from 3.2% in 1H 2020).Reported Earnings • Mar 31Full year 2020 earnings released: EPS €0.04 (vs €0.41 in FY 2019)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: €195.3m (up 3.3% from FY 2019). Net income: €471.0k (down 90% from FY 2019). Profit margin: 0.2% (down from 2.6% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings.Reported Earnings • Mar 15Full year 2020 earnings released: EPS €0.04 (vs €0.41 in FY 2019)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: €195.3m (up 3.3% from FY 2019). Net income: €471.0k (down 90% from FY 2019). Profit margin: 0.2% (down from 2.6% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings.Is New 90 Day High Low • Feb 10New 90-day high: €7.06The company is up 31% from its price of €5.40 on 11 November 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.96 per share.Is New 90 Day High Low • Jan 22New 90-day high: €6.62The company is up 10.0% from its price of €6.04 on 23 October 2020. The German market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €12.16 per share.Is New 90 Day High Low • Oct 29New 90-day low: €5.20The company is down 7.0% from its price of €5.58 on 30 July 2020. The German market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.95 per share.Valuation Update With 7 Day Price Move • Oct 29Market pulls back on stock over the past weekAfter last week's 17% share price decline to €5.20, the stock is trading at a trailing P/E ratio of 17.5x, down from the previous P/E ratio of 21.1x. This compares to an average P/E of 30x in the Chemicals industry in Germany. Total return to shareholders over the past three years is a loss of 54%.業績と収益の成長予測DB:SFK - アナリストの将来予測と過去の財務データ ( )EUR Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/2028385152231212/31/2027372121928212/31/2026358101523212/31/202534852834N/A9/30/202534431826N/A6/30/20253401918N/A3/31/2025332-71625N/A12/31/2024324-152433N/A9/30/2024319-123646N/A6/30/2024314-94960N/A3/31/2024321-23145N/A12/31/202332851430N/A9/30/20233368925N/A6/30/202334410319N/A3/31/202334113014N/A12/31/202233916-49N/A9/30/202232514-29N/A6/30/202231112-110N/A3/31/2022299111424N/A12/31/2021286102837N/A9/30/20212738N/AN/AN/A6/30/202126073643N/A3/31/202122832735N/A12/31/202019501927N/A9/30/20201812N/AN/AN/A6/30/20201673816N/A3/31/202017841019N/A12/31/201918951321N/A9/30/20191894N/A20N/A6/30/20191904N/A19N/A3/31/20191873N/A13N/A12/31/20181852N/A7N/A9/30/20181822N/A6N/A6/30/20181804N/A5N/A3/31/20181764N/A7N/A12/31/20171724N/A8N/A9/30/20171673N/A6N/A6/30/20171622N/A4N/A3/31/20171603N/A7N/A12/31/20161584N/A9N/A9/30/20161565N/A14N/A6/30/20161546N/A19N/A3/31/20161515N/A17N/A12/31/20151485N/A16N/A9/30/20151475N/AN/AN/A6/30/20151455N/A7N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: SFKの予測収益成長率 (年間29.7% ) は 貯蓄率 ( 1.9% ) を上回っています。収益対市場: SFKの収益 ( 29.7% ) はGerman市場 ( 17.1% ) よりも速いペースで成長すると予測されています。高成長収益: SFKの収益は今後 3 年間で 大幅に 増加すると予想されています。収益対市場: SFKの収益 ( 3.5% ) German市場 ( 6.8% ) よりも低い成長が予測されています。高い収益成長: SFKの収益 ( 3.5% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: SFKの 自己資本利益率 は、3年後には低くなると予測されています ( 11.4 %)。成長企業の発掘7D1Y7D1Y7D1YMaterials 業界の高成長企業。View Past Performance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2026/05/24 23:40終値2026/05/22 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SergeFerrari Group SA 2 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。8 アナリスト機関Stephen BenhamouBNP ParibasEmmanuel ChevalierCIC Market Solutions (ESN)Guillaume CuvillierGilbert Dupont5 その他のアナリストを表示
お知らせ • Apr 29Serge Ferrari Group Discontinues Pet Spinning Operations At Tersuisse Site and Reduces 62 JobsSerge Ferrari Group announced a new phase in the rollout of its plan to streamline its industrial operations, with plans to cease operations at the Tersuisse site, its high-tenacity PET (polyethylene terephthalate) yarn production plant located in Emmenbrücke, Switzerland, which employs 62 people. Industrial continuity would be fully ensured through external supplies of PET yarn. The Group would, however, retain the intellectual property and technological expertise related to its specialty yarns. Warping operations would be transferred to the La Tour du Pin site to secure the value chain and keep key expertise at the heart of the industrial infrastructure. In line with its strategic plan, this project aims to strengthen the Group’s competitiveness and industrial flexibility to better address the accelerating pace of change in its business segments. It would result in exceptional expenses in the first half of 2026, with a limited cash impact, but would have a positive effect on operating profitability while reducing capital employed starting in 2027.
お知らせ • Apr 23SergeFerrari Group SA to Report First Half, 2026 Results on Sep 09, 2026SergeFerrari Group SA announced that they will report first half, 2026 results on Sep 09, 2026
お知らせ • Mar 14+ 1 more updateSergeFerrari Group SA announces Annual dividend, payable on June 04, 2026SergeFerrari Group SA announced Annual dividend of EUR 0.1300 per share payable on June 04, 2026, ex-date on June 02, 2026 and record date on June 03, 2026.
お知らせ • Oct 21SergeFerrari Group SA to Report Fiscal Year 2025 Results on Mar 11, 2026SergeFerrari Group SA announced that they will report fiscal year 2025 results After-Market on Mar 11, 2026
お知らせ • Apr 25SergeFerrari Group SA to Report First Half, 2025 Results on Sep 10, 2025SergeFerrari Group SA announced that they will report first half, 2025 results on Sep 10, 2025
お知らせ • Mar 29SergeFerrari Group SA, Annual General Meeting, May 15, 2025SergeFerrari Group SA, Annual General Meeting, May 15, 2025.
お知らせ • Oct 31SergeFerrari Group SA to Report Fiscal Year 2024 Results on Mar 27, 2025SergeFerrari Group SA announced that they will report fiscal year 2024 results on Mar 27, 2025
Buy Or Sell Opportunity • Sep 11Now 23% overvaluedOver the last 90 days, the stock has fallen 11% to €5.45. The fair value is estimated to be €4.44, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 22%. For the next 3 years, revenue is forecast to grow by 2.5% per annum. Earnings are also forecast to grow by 42% per annum over the same time period.
Upcoming Dividend • Jun 21Upcoming dividend of €0.12 per shareEligible shareholders must have bought the stock before 28 June 2024. Payment date: 02 July 2024. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.1%).
Valuation Update With 7 Day Price Move • May 09Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €7.21, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 14x in the Chemicals industry in Germany. Total returns to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €6.73 per share.
お知らせ • Apr 24+ 2 more updatesSergeFerrari Group SA, Annual General Meeting, May 16, 2024SergeFerrari Group SA, Annual General Meeting, May 16, 2024, at 10:00 Central European Standard Time.
New Risk • Mar 31New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 48% 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. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.1x net interest cover). Minor Risks 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 (1.4% net profit margin). Market cap is less than US$100m (€69.2m market cap, or US$74.6m).
Reported Earnings • Mar 28Full year 2023 earnings released: EPS: €0.40 (vs €1.30 in FY 2022)Full year 2023 results: EPS: €0.40 (down from €1.30 in FY 2022). Revenue: €327.6m (down 3.3% from FY 2022). Net income: €4.72m (down 70% from FY 2022). Profit margin: 1.4% (down from 4.6% in FY 2022). Revenue is forecast to grow 2.8% p.a. on average during the next 2 years, compared to a 3.8% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
お知らせ • Mar 27SergeFerrari Group SA Proposes Dividend for Fiscal Year 2023, Payable in July 2024SergeFerrari Group SA announced that, at the Annual General Meeting of May 16th, 2024, the Group will propose a dividend of €0.12 per share for fiscal year 2023, payable in July 2024.
お知らせ • Jan 31SergeFerrari Group SA to Report Fiscal Year 2023 Results on Mar 26, 2024SergeFerrari Group SA announced that they will report fiscal year 2023 results After-Market on Mar 26, 2024
Valuation Update With 7 Day Price Move • Jan 23Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €6.46, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 13x in the Chemicals industry in Germany. Total returns to shareholders of 2.5% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €12.60 per share.
New Risk • Dec 08New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.7% 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 1.7% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (139% cash payout ratio). Share price has been volatile over the past 3 months (8.8% average weekly change).
Valuation Update With 7 Day Price Move • Nov 03Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €5.99, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Chemicals industry in Germany. Total returns to shareholders of 12% over the past three years.
Valuation Update With 7 Day Price Move • Oct 19Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to €6.19, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Chemicals industry in Germany. Total returns to shareholders of 1.7% over the past three years.
Valuation Update With 7 Day Price Move • Sep 27Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €7.87, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 16x in the Chemicals industry in Germany. Total returns to shareholders of 43% over the past three years.
New Risk • Jul 21New 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 Debt is not well covered by operating cash flow (10.0% 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 (6.9% average weekly change).
Valuation Update With 7 Day Price Move • Jul 20Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to €11.96, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Chemicals industry in Germany. Total returns to shareholders of 93% over the past three years.
Upcoming Dividend • Apr 19Upcoming dividend of €0.40 per share at 2.8% yieldEligible shareholders must have bought the stock before 26 April 2023. Payment date: 28 April 2023. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (5.3%).
Reported Earnings • Mar 08Full year 2022 earnings released: EPS: €1.30 (vs €0.86 in FY 2021)Full year 2022 results: EPS: €1.30 (up from €0.86 in FY 2021). Revenue: €338.7m (up 19% from FY 2021). Net income: €15.5m (up 53% from FY 2021). Profit margin: 4.6% (up from 3.6% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Jan 21Investor sentiment improved over the past weekAfter last week's 15% share price gain to €13.22, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Chemicals industry in Germany. Total returns to shareholders of 120% over the past three years.
Valuation Update With 7 Day Price Move • Sep 24Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €9.50, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 9x in the Chemicals industry in Germany. Total returns to shareholders of 8.6% over the past year.
お知らせ • Sep 22+ 2 more updatesSergeFerrari Group SA to Report First Half, 2023 Results on Sep 04, 2023SergeFerrari Group SA announced that they will report first half, 2023 results on Sep 04, 2023
Valuation Update With 7 Day Price Move • Jul 23Investor sentiment improved over the past weekAfter last week's 15% share price gain to €13.76, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 8x in the Chemicals industry in Germany. Total returns to shareholders of 110% over the past year.
Valuation Update With 7 Day Price Move • Jun 14Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to €13.10, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Chemicals industry in Germany. Total returns to shareholders of 94% over the past year.
Upcoming Dividend • May 12Upcoming dividend of €0.29 per shareEligible shareholders must have bought the stock before 19 May 2022. Payment date: 23 May 2022. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (4.2%). Lower than average of industry peers (5.1%).
Valuation Update With 7 Day Price Move • Mar 15Investor sentiment improved over the past weekAfter last week's 16% share price gain to €16.52, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 10x in the Chemicals industry in Germany. Total returns to shareholders of 226% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €14.48 per share.
Reported Earnings • Mar 09Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: €0.86 (up from €0.04 in FY 2020). Revenue: €285.9m (up 46% from FY 2020). Net income: €10.2m (up €9.71m from FY 2020). Profit margin: 3.6% (up from 0.2% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.5%. Over the next year, revenue is forecast to grow 8.8%, compared to a 4.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 41% per year whereas the company’s share price has increased by 40% per year.
Valuation Update With 7 Day Price Move • Jan 29Investor sentiment improved over the past weekAfter last week's 17% share price gain to €14.80, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 11x in the Chemicals industry in Germany. Total returns to shareholders of 159% over the past three years.
Reported Earnings • Sep 11First half 2021 earnings released: EPS €0.75 (vs €0.21 in 1H 2020)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €144.7m (up 82% from 1H 2020). Net income: €8.74m (up 245% from 1H 2020). Profit margin: 6.0% (up from 3.2% in 1H 2020).
Reported Earnings • Mar 31Full year 2020 earnings released: EPS €0.04 (vs €0.41 in FY 2019)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: €195.3m (up 3.3% from FY 2019). Net income: €471.0k (down 90% from FY 2019). Profit margin: 0.2% (down from 2.6% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Mar 15Full year 2020 earnings released: EPS €0.04 (vs €0.41 in FY 2019)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: €195.3m (up 3.3% from FY 2019). Net income: €471.0k (down 90% from FY 2019). Profit margin: 0.2% (down from 2.6% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings.
Is New 90 Day High Low • Feb 10New 90-day high: €7.06The company is up 31% from its price of €5.40 on 11 November 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.96 per share.
Is New 90 Day High Low • Jan 22New 90-day high: €6.62The company is up 10.0% from its price of €6.04 on 23 October 2020. The German market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €12.16 per share.
Is New 90 Day High Low • Oct 29New 90-day low: €5.20The company is down 7.0% from its price of €5.58 on 30 July 2020. The German market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.95 per share.
Valuation Update With 7 Day Price Move • Oct 29Market pulls back on stock over the past weekAfter last week's 17% share price decline to €5.20, the stock is trading at a trailing P/E ratio of 17.5x, down from the previous P/E ratio of 21.1x. This compares to an average P/E of 30x in the Chemicals industry in Germany. Total return to shareholders over the past three years is a loss of 54%.