View Past PerformanceKPS バランスシートの健全性財務の健全性 基準チェック /26KPSの総株主資本は€27.7M 、総負債は€28.8Mで、負債比率は104.1%となります。総資産と総負債はそれぞれ€93.2Mと€65.5Mです。主要情報104.11%負債資本比率€28.83m負債インタレスト・カバレッジ・レシオn/a現金€2.99mエクイティ€27.69m負債合計€65.52m総資産€93.21m財務の健全性に関する最新情報分析記事 • Aug 08Is KPS (ETR:KSC) Using Debt Sensibly?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...分析記事 • Sep 26KPS (ETR:KSC) Has A Pretty Healthy Balance SheetThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...お知らせ • Jul 28KPS AG Common Stock to Be Deleted from OTC EquityKPS AG Common Stock (Germany Federal Republic) will be deleted from OTC Equity effective from July 28, 2022, due to Inactive Security.分析記事 • Mar 01KPS (ETR:KSC) Has A Pretty Healthy Balance SheetDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...すべての更新を表示Recent updatesNew Risk • May 03New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 69% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€14.9m market cap, or US$17.4m).お知らせ • Apr 02KPS AG, Annual General Meeting, May 15, 2026KPS AG, Annual General Meeting, May 15, 2026, at 11:00 W. Europe Standard Time.New Risk • Mar 13New major risk - Revenue and earnings growthEarnings have declined by 69% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 (18% operating cash flow to total debt). Earnings have declined by 69% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (€15.4m market cap, or US$17.6m).分析記事 • Feb 07Is Now An Opportune Moment To Examine KPS AG (ETR:KSC)?While KPS AG ( ETR:KSC ) might not have the largest market cap around , it saw a significant share price rise of 22% in...New Risk • Nov 24New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2025. 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: Major Risks Interest payments are not well covered by earnings (1.5x net interest cover). Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported March 2025 fiscal period end). Market cap is less than US$100m (€17.0m market cap, or US$19.6m).お知らせ • Nov 15+ 1 more updateKPS AG to Report Fiscal Year 2025 Results on Jan 30, 2026KPS AG announced that they will report fiscal year 2025 results at 9:00 AM, Central European Standard Time on Jan 30, 2026分析記事 • Oct 28Risks To Shareholder Returns Are Elevated At These Prices For KPS AG (ETR:KSC)With a median price-to-sales (or "P/S") ratio of close to 0.6x in the IT industry in Germany, you could be forgiven for...New Risk • Sep 04New 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 11% 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 (1.5x net interest cover). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (€31.5m market cap, or US$36.7m).分析記事 • Sep 04KPS (ETR:KSC) Will Be Looking To Turn Around Its ReturnsIf you're looking at a mature business that's past the growth phase, what are some of the underlying trends that pop...Buy Or Sell Opportunity • Sep 03Now 26% undervalued after recent price dropOver the last 90 days, the stock has fallen 35% to €0.57. The fair value is estimated to be €0.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.0% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 77% in the next 2 years.Reported Earnings • May 09Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: €33.1m (down 11% from 2Q 2024). Net income: €72.0k (up €2.32m from 2Q 2024). Profit margin: 0.2% (up from net loss in 2Q 2024). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the IT industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance.お知らせ • Apr 24KPS AG, Annual General Meeting, May 30, 2025KPS AG, Annual General Meeting, May 30, 2025, at 11:00 W. Europe Standard Time.Price Target Changed • Mar 26Price target increased by 16% to €1.01Up from €0.87, the current price target is an average from 3 analysts. New target price is 26% above last closing price of €0.81. Stock is down 33% over the past year. The company is forecast to post a net loss per share of €0.25 next year compared to a net loss per share of €0.57 last year.New Risk • Feb 17New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 0.05x 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 (0.05x net interest cover). Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Market cap is less than US$100m (€37.1m market cap, or US$38.9m).分析記事 • Feb 05Is Now An Opportune Moment To Examine KPS AG (ETR:KSC)?KPS AG ( ETR:KSC ), might not be a large cap stock, but it received a lot of attention from a substantial price...Reported Earnings • Feb 01Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2024 results: €0.57 loss per share (further deteriorated from €0.033 loss in FY 2023). Revenue: €149.4m (down 16% from FY 2023). Net loss: €23.4m (loss widened €22.1m from FY 2023). Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates significantly. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the IT industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance.New Risk • Jan 22New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (3.9% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€34.8m market cap, or US$36.4m).分析記事 • Dec 17Some Shareholders Feeling Restless Over KPS AG's (ETR:KSC) P/S RatioWith a median price-to-sales (or "P/S") ratio of close to 0.7x in the IT industry in Germany, you could be forgiven for...New Risk • Dec 16New 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 9.0% 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 Risks Debt is not well covered by operating cash flow (3.9% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 231% Minor Risks Share price has been volatile over the past 3 months (9.0% average weekly change). Shareholders have been diluted in the past year (10.0% increase in shares outstanding). Market cap is less than US$100m (€38.7m market cap, or US$40.7m).お知らせ • Dec 12+ 3 more updatesKPS AG to Report First Half, 2025 Results on May 08, 2025KPS AG announced that they will report first half, 2025 results on May 08, 2025分析記事 • Aug 08Is KPS (ETR:KSC) Using Debt Sensibly?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...New Risk • Jul 29New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 3.9% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (3.9% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 231% Minor Risks Shareholders have been diluted in the past year (10.0% increase in shares outstanding). Market cap is less than US$100m (€39.0m market cap, or US$42.4m).Reported Earnings • Jul 26Third quarter 2024 earnings released: EPS: €0.05 (vs €0.02 loss in 3Q 2023)Third quarter 2024 results: EPS: €0.05 (up from €0.02 loss in 3Q 2023). Revenue: €35.1m (down 17% from 3Q 2023). Net income: €2.23m (up €2.91m from 3Q 2023). Profit margin: 6.4% (up from net loss in 3Q 2023). Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the IT industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 38 percentage points per year, which is a significant difference in performance.Major Estimate Revision • Jul 25Consensus EPS estimates have been downgraded.The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €162.9m to €151.9m. Losses expected to increase from €0 per share to €0.03. IT industry in Germany expected to see average net income growth of 31% next year. Consensus price target down from €1.14 to €0.95. Share price was steady at €0.94 over the past week.Price Target Changed • Jul 24Price target decreased by 19% to €0.95Down from €1.18, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of €0.93. Stock is down 53% over the past year. The company is forecast to post a net loss per share of €0.03 next year compared to a net loss per share of €0.033 last year.Reported Earnings • May 07Second quarter 2024 earnings released: €0.051 loss per share (vs €0.01 profit in 2Q 2023)Second quarter 2024 results: €0.051 loss per share (down from €0.01 profit in 2Q 2023). Revenue: €37.6m (down 18% from 2Q 2023). Net loss: €2.25m (down €2.63m from profit in 2Q 2023). Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the IT industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 28 percentage points per year, which is a significant difference in performance.New Risk • Mar 18New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 10.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (7.4% average weekly change). Shareholders have been diluted in the past year (10.0% increase in shares outstanding). Market cap is less than US$100m (€47.1m market cap, or US$51.3m).お知らせ • Mar 14KPS AG has completed a Follow-on Equity Offering in the amount of €4.30238 million.KPS AG has completed a Follow-on Equity Offering in the amount of €4.30238 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 3,741,200 Price\Range: €1.15 Transaction Features: Subsequent Direct ListingReported Earnings • Mar 10First quarter 2024 earnings released: €0.07 loss per share (vs €0.06 profit in 1Q 2023)First quarter 2024 results: €0.07 loss per share (down from €0.06 profit in 1Q 2023). Revenue: €38.9m (down 20% from 1Q 2023). Net loss: €2.71m (down 222% from profit in 1Q 2023). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has fallen by 44% per year whereas the company’s share price has fallen by 39% per year.New Risk • Feb 16New 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 7.2% 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: Minor Risks High level of debt (57% net debt to equity). Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). 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 (7.2% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.4% net profit margin). Market cap is less than US$100m (€39.1m market cap, or US$42.1m).分析記事 • Feb 03Is It Time To Consider Buying KPS AG (ETR:KSC)?KPS AG ( ETR:KSC ), is not the largest company out there, but it saw significant share price movement during recent...Valuation Update With 7 Day Price Move • Feb 02Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to €1.21, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 21x in the IT industry in Germany. Total loss to shareholders of 74% over the past three years.New Risk • Jan 31New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 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 High level of debt (57% net debt to equity). Latest financial reports are more than 6 months old (reported June 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 (2.4% net profit margin). Market cap is less than US$100m (€47.5m market cap, or US$51.5m).分析記事 • Dec 12KPS (ETR:KSC) May Have Issues Allocating Its CapitalWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? In a...Valuation Update With 7 Day Price Move • Dec 11Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €1.51, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 17x in the IT industry in Germany. Total loss to shareholders of 66% over the past three years.New Risk • Jul 31New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 57% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (57% net debt to equity). Dividend is not well covered by earnings (100% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.4% net profit margin). Market cap is less than US$100m (€70.7m market cap, or US$78.0m).Major Estimate Revision • Jul 29Consensus EPS estimates increase by 63%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from €0.19 to €0.31. Revenue forecast steady at €178.4m. Net income forecast to grow 114% next year vs 23% growth forecast for IT industry in Germany. Consensus price target down from €3.95 to €3.50. Share price fell 8.7% to €1.89 over the past week.お知らせ • Jul 18+ 4 more updatesKPS AG to Report Q2, 2024 Results on May 06, 2024KPS AG announced that they will report Q2, 2024 results on May 06, 2024分析記事 • Jul 13Is It Too Late To Consider Buying KPS AG (ETR:KSC)?KPS AG ( ETR:KSC ), might not be a large cap stock, but it received a lot of attention from a substantial price...Valuation Update With 7 Day Price Move • Jul 12Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €1.83, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 17x in the IT industry in Germany. Total loss to shareholders of 66% over the past three years.Valuation Update With 7 Day Price Move • May 12Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €2.39, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 18x in the IT industry in Germany. Total loss to shareholders of 46% over the past three years.分析記事 • May 11KPS' (ETR:KSC) Shareholders Will Receive A Smaller Dividend Than Last YearThe board of KPS AG ( ETR:KSC ) has announced that the dividend on 15th of May will be reduced by 47% from last year's...お知らせ • May 09+ 1 more updateKPS AG Announces Reduction of the Dividend ProposalKPS AG announced reduction of the dividend proposal from EUR 0.19 to EUR 0.10 per no-par value share entitled to dividend.Upcoming Dividend • May 04Upcoming dividend of €0.19 per share at 6.6% yieldEligible shareholders must have bought the stock before 11 May 2023. Payment date: 15 May 2023. Payout ratio is a comfortable 74% and this is well supported by cash flows. Trailing yield: 6.6%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.1%).Major Estimate Revision • Apr 30Consensus EPS estimates fall by 36%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from €190.1m to €177.0m. EPS estimate also fell from €0.295 per share to €0.19 per share. Net income forecast to grow 24% next year vs 22% growth forecast for IT industry in Germany. Consensus price target of €5.80 unchanged from last update. Share price fell 21% to €2.90 over the past week.Valuation Update With 7 Day Price Move • Apr 26Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €2.98, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 19x in the IT industry in Germany. Total loss to shareholders of 36% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €5.94 per share.Reported Earnings • Jan 31Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: €0.26 (up from €0.23 in FY 2021). Revenue: €180.4m (up 14% from FY 2021). Net income: €9.55m (up 9.4% from FY 2021). Profit margin: 5.3% (down from 5.5% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings.Price Target Changed • Jan 30Price target increased by 11% to €7.70Up from €6.95, the current price target is provided by 1 analyst. New target price is 97% above last closing price of €3.90. Stock is down 16% over the past year. The company is forecast to post earnings per share of €0.23 for next year compared to €0.23 last year.Valuation Update With 7 Day Price Move • Jan 24Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €3.78, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 20x in the IT industry in Germany. Total loss to shareholders of 42% over the past three years.お知らせ • Jan 18KPS AG (XTRA:KSC) acquired Graphyte.KPS AG (XTRA:KSC) acquired Graphyte on January 17, 2023. KPS AG (XTRA:KSC) completed the acquisition of Graphyte on January 17, 2023.分析記事 • Jan 05At €3.20, Is It Time To Put KPS AG (ETR:KSC) On Your Watch List?While KPS AG ( ETR:KSC ) might not be the most widely known stock at the moment, it saw a double-digit share price rise...Price Target Changed • Nov 16Price target decreased to €5.77Down from €6.95, the current price target is an average from 3 analysts. New target price is 79% above last closing price of €3.22. Stock is down 30% over the past year. The company is forecast to post earnings per share of €0.23 for next year compared to €0.23 last year.Valuation Update With 7 Day Price Move • Sep 26Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to €3.12, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 15x in the IT industry in Germany. Total loss to shareholders of 48% over the past three years.分析記事 • Sep 26KPS (ETR:KSC) Has A Pretty Healthy Balance SheetThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...お知らせ • Sep 16+ 4 more updatesKPS AG to Report Fiscal Year 2022 Results on Jan 26, 2023KPS AG announced that they will report fiscal year 2022 results on Jan 26, 2023Price Target Changed • Sep 10Price target decreased to €5.77Down from €6.95, the current price target is an average from 2 analysts. New target price is 46% above last closing price of €3.94. Stock is down 22% over the past year. The company is forecast to post earnings per share of €0.23 for next year compared to €0.23 last year.お知らせ • Jul 28KPS AG Common Stock to Be Deleted from OTC EquityKPS AG Common Stock (Germany Federal Republic) will be deleted from OTC Equity effective from July 28, 2022, due to Inactive Security.Reported Earnings • Jul 22Third quarter 2022 earnings released: EPS: €0.05 (vs €0.09 in 3Q 2021)Third quarter 2022 results: EPS: €0.05 (down from €0.09 in 3Q 2021). Revenue: €44.9m (up 9.5% from 3Q 2021). Net income: €1.94m (down 42% from 3Q 2021). Profit margin: 4.3% (down from 8.2% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 5.6%, compared to a 17% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 18% per year.お知らせ • Jul 22KPS AG Provides Earnings Guidance for the Financial Year 2021/2022KPS AG provided earnings forecast for the 2021/2022 financial year. For the period, the company expects to be able to increase revenue in the 2021/2022 financial year in the mid to high single-digit percentage range compared to the previous year 2020/2021.分析記事 • May 19KPS' (ETR:KSC) Shareholders Will Receive A Bigger Dividend Than Last YearKPS AG ( ETR:KSC ) will increase its dividend on the 23rd of May to €0.19. This will take the annual payment from 4.6...お知らせ • May 18KPS AG Confirms Forecast for the Financial Year 2021/2022KPS AG confirmed forecast for the financial year 2021/2022. KPS confirms its forecast for the financial year 2021/2022 and remains optimistic that the positive order situation will continue throughout the rest of the year. KPS expects to be able to increase revenue in the financial year 2021/2022 in the mid to high single-digit percentage range compared to the previous year 2020/2021. In addition, the Executive Board expects to be able to achieve an EBITDA at least at the level of the previous year 2020/2021.Reported Earnings • May 16Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2022 results: EPS: €0.075 (down from €0.082 in 2Q 2021). Revenue: €45.8m (up 12% from 2Q 2021). Net income: €2.97m (down 9.5% from 2Q 2021). Profit margin: 6.5% (down from 8.0% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) exceeded analyst estimates by 7.8%. Over the next year, revenue is forecast to grow 4.1%, compared to a 18% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 16% per year.Upcoming Dividend • May 12Upcoming dividend of €0.19 per shareEligible shareholders must have bought the stock before 19 May 2022. Payment date: 23 May 2022. Payout ratio is on the higher end at 81%, however this is supported by cash flows. Trailing yield: 4.7%. Within top quartile of German dividend payers (4.2%). Higher than average of industry peers (1.5%).分析記事 • Apr 28KPS (ETR:KSC) Is Paying Out A Larger Dividend Than Last YearThe board of KPS AG ( ETR:KSC ) has announced that it will be increasing its dividend on the 23rd of May to €0.19. This...Price Target Changed • Apr 27Price target increased to €7.33Up from €6.10, the current price target is an average from 3 analysts. New target price is 69% above last closing price of €4.33. Stock is down 17% over the past year. The company is forecast to post earnings per share of €0.23 for next year compared to €0.23 last year.お知らせ • Feb 11KPS AG Provides Earnings Guidance for the Financial Year 2021/2022KPS AG provided earnings guidance for the financial year 2021/2022. For the year, the company expects to be able to increase revenue in the mid to high single-digit percentage range compared to the previous year 2020/2021.分析記事 • Feb 02KPS (ETR:KSC) Is Paying Out A Larger Dividend Than Last YearKPS AG ( ETR:KSC ) will increase its dividend on the 23rd of May to €0.19. This will take the annual payment from 4.1...お知らせ • Feb 02KPS AG to Report Q1, 2022 Results on Feb 10, 2022KPS AG announced that they will report Q1, 2022 results on Feb 10, 2022Price Target Changed • Jan 29Price target increased to €6.83Up from €6.10, the current price target is an average from 3 analysts. New target price is 52% above last closing price of €4.50. Stock is down 12% over the past year. The company is forecast to post earnings per share of €0.23 for next year compared to €0.23 last year.Major Estimate Revision • Jan 27Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from €0.27 to €0.23 per share. Revenue forecast steady at €170.5m. Net income forecast to grow 5.4% next year vs 20% growth forecast for IT industry in Germany. Consensus price target up from €6.10 to €6.23. Share price was steady at €4.55 over the past week.分析記事 • Jan 23KPS AG Just Recorded A 7.8% EPS Beat: Here's What Analysts Are Forecasting NextThe yearly results for KPS AG ( ETR:KSC ) were released last week, making it a good time to revisit its performance...Reported Earnings • Jan 22Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: €0.23 (up from €0.22 in FY 2020). Revenue: €158.9m (down 5.3% from FY 2020). Net income: €8.73m (up 7.2% from FY 2020). Profit margin: 5.5% (up from 4.9% in FY 2020). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) exceeded analyst estimates by 7.8%. Over the next year, revenue is forecast to grow 7.7%, compared to a 18% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 14% per year and the company’s share price has also fallen by 14% per year.Price Target Changed • Dec 17Price target decreased to €6.10Down from €6.90, the current price target is an average from 4 analysts. New target price is 52% above last closing price of €4.01. Stock is down 20% over the past year. The company is forecast to post earnings per share of €0.22 for next year compared to €0.22 last year.Reported Earnings • Jul 25Third quarter 2021 earnings released: EPS €0.09 (vs €0.05 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €41.0m (up 15% from 3Q 2020). Net income: €3.36m (up 98% from 3Q 2020). Profit margin: 8.2% (up from 4.8% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 18% per year.お知らせ • Jul 24KPS AG Provides Earnings Guidance for the Fiscal Year 2021KPS AG provided earnings guidance for the fiscal year 2021. The board confirmed the outlook for the business year 2020/2021 and assumes that Group sales will be in a corridor between 5% and 9% while the Group EBITDA will be in a corridor from 3% to 6% below the respective level for the business year 2019/2020.分析記事 • Jun 02Returns On Capital At KPS (ETR:KSC) Paint A Concerning PictureWhat are the early trends we should look for to identify a stock that could multiply in value over the long term? In a...Reported Earnings • May 20Second quarter 2021 earnings released: EPS €0.082 (vs €0.078 in 2Q 2020)The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: €41.5m (down 18% from 2Q 2020). Net income: €3.28m (up 6.2% from 2Q 2020). Profit margin: 7.9% (up from 6.1% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 16% per year.お知らせ • May 19KPS AG Confirms Earnings Guidance for the Full Year 2021KPS AG confirmed earnings guidance for the full year 2021. The company confirmed the forecast made on May 04, 2021 that group sales would lie between 5% - 9% below the levels of the previous business year 2019/2020.Upcoming Dividend • May 17Upcoming dividend of €0.17 per shareEligible shareholders must have bought the stock before 24 May 2021. Payment date: 27 May 2021. Trailing yield: 3.3%. Within top quartile of German dividend payers (3.3%). Higher than average of industry peers (1.3%).Price Target Changed • May 09Price target decreased to €6.90Down from €7.50, the current price target is an average from 4 analysts. New target price is 34% above last closing price of €5.16. Stock is down 5.5% over the past year.お知らせ • May 05Kps Ag Provides Revenue Guidance for Year 2020/2021KPS AG provided revenue guidance for year 2020/2021. The company announced that the Management Board of KPS AG currently assumes that Group revenues for the entire fiscal year 2020/2021 will be in a range of 5% to 9%.分析記事 • Apr 07Read This Before Buying KPS AG (ETR:KSC) For Its DividendIs KPS AG ( ETR:KSC ) a good dividend stock? How can we tell? Dividend paying companies with growing earnings can be...分析記事 • Mar 25Calculating The Intrinsic Value Of KPS AG (ETR:KSC)Today we'll do a simple run through of a valuation method used to estimate the attractiveness of KPS AG ( ETR:KSC ) as...分析記事 • Mar 13Should You Think About Buying KPS AG (ETR:KSC) Now?KPS AG ( ETR:KSC ), is not the largest company out there, but it saw significant share price movement during recent...分析記事 • Mar 01KPS (ETR:KSC) Has A Pretty Healthy Balance SheetDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...分析記事 • Feb 17Should Weakness in KPS AG's (ETR:KSC) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?KPS (ETR:KSC) has had a rough three months with its share price down 3.6%. However, the company's fundamentals look...財務状況分析短期負債: KSCの 短期資産 ( €25.2M ) は 短期負債 ( €48.2M ) をカバーしていません。長期負債: KSCの短期資産 ( €25.2M ) が 長期負債 ( €17.3M ) を上回っています。デット・ツー・エクイティの歴史と分析負債レベル: KSCの 純負債対資本比率 ( 93.3% ) は 高い と見なされます。負債の削減: KSCの負債対資本比率は、過去 5 年間で36%から104.1%に増加しました。債務返済能力: KSCの負債は 営業キャッシュフロー によって 十分にカバー されています ( 21.6% )。インタレストカバレッジ: KSCの負債に対する 利息支払い が EBIT によって 十分にカバーされている かどうかを判断するにはデータが不十分です。貸借対照表健全な企業の発掘7D1Y7D1Y7D1YSoftware 業界の健全な企業。View Dividend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2026/05/26 18:26終値2026/05/26 00:00収益2026/03/31年間収益2025/09/30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KPS AG 0 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。6 アナリスト機関Gustav FrobergBerenbergMatthias DesmaraisODDO BHF Corporate & MarketsHenning SteinbrinkODDO BHF Corporate & Markets3 その他のアナリストを表示
分析記事 • Aug 08Is KPS (ETR:KSC) Using Debt Sensibly?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
分析記事 • Sep 26KPS (ETR:KSC) Has A Pretty Healthy Balance SheetThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
お知らせ • Jul 28KPS AG Common Stock to Be Deleted from OTC EquityKPS AG Common Stock (Germany Federal Republic) will be deleted from OTC Equity effective from July 28, 2022, due to Inactive Security.
分析記事 • Mar 01KPS (ETR:KSC) Has A Pretty Healthy Balance SheetDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
New Risk • May 03New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 69% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€14.9m market cap, or US$17.4m).
お知らせ • Apr 02KPS AG, Annual General Meeting, May 15, 2026KPS AG, Annual General Meeting, May 15, 2026, at 11:00 W. Europe Standard Time.
New Risk • Mar 13New major risk - Revenue and earnings growthEarnings have declined by 69% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 (18% operating cash flow to total debt). Earnings have declined by 69% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (€15.4m market cap, or US$17.6m).
分析記事 • Feb 07Is Now An Opportune Moment To Examine KPS AG (ETR:KSC)?While KPS AG ( ETR:KSC ) might not have the largest market cap around , it saw a significant share price rise of 22% in...
New Risk • Nov 24New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2025. 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: Major Risks Interest payments are not well covered by earnings (1.5x net interest cover). Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported March 2025 fiscal period end). Market cap is less than US$100m (€17.0m market cap, or US$19.6m).
お知らせ • Nov 15+ 1 more updateKPS AG to Report Fiscal Year 2025 Results on Jan 30, 2026KPS AG announced that they will report fiscal year 2025 results at 9:00 AM, Central European Standard Time on Jan 30, 2026
分析記事 • Oct 28Risks To Shareholder Returns Are Elevated At These Prices For KPS AG (ETR:KSC)With a median price-to-sales (or "P/S") ratio of close to 0.6x in the IT industry in Germany, you could be forgiven for...
New Risk • Sep 04New 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 11% 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 (1.5x net interest cover). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (€31.5m market cap, or US$36.7m).
分析記事 • Sep 04KPS (ETR:KSC) Will Be Looking To Turn Around Its ReturnsIf you're looking at a mature business that's past the growth phase, what are some of the underlying trends that pop...
Buy Or Sell Opportunity • Sep 03Now 26% undervalued after recent price dropOver the last 90 days, the stock has fallen 35% to €0.57. The fair value is estimated to be €0.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.0% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 77% in the next 2 years.
Reported Earnings • May 09Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: €33.1m (down 11% from 2Q 2024). Net income: €72.0k (up €2.32m from 2Q 2024). Profit margin: 0.2% (up from net loss in 2Q 2024). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the IT industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance.
お知らせ • Apr 24KPS AG, Annual General Meeting, May 30, 2025KPS AG, Annual General Meeting, May 30, 2025, at 11:00 W. Europe Standard Time.
Price Target Changed • Mar 26Price target increased by 16% to €1.01Up from €0.87, the current price target is an average from 3 analysts. New target price is 26% above last closing price of €0.81. Stock is down 33% over the past year. The company is forecast to post a net loss per share of €0.25 next year compared to a net loss per share of €0.57 last year.
New Risk • Feb 17New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 0.05x 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 (0.05x net interest cover). Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Market cap is less than US$100m (€37.1m market cap, or US$38.9m).
分析記事 • Feb 05Is Now An Opportune Moment To Examine KPS AG (ETR:KSC)?KPS AG ( ETR:KSC ), might not be a large cap stock, but it received a lot of attention from a substantial price...
Reported Earnings • Feb 01Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2024 results: €0.57 loss per share (further deteriorated from €0.033 loss in FY 2023). Revenue: €149.4m (down 16% from FY 2023). Net loss: €23.4m (loss widened €22.1m from FY 2023). Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates significantly. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the IT industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance.
New Risk • Jan 22New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (3.9% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€34.8m market cap, or US$36.4m).
分析記事 • Dec 17Some Shareholders Feeling Restless Over KPS AG's (ETR:KSC) P/S RatioWith a median price-to-sales (or "P/S") ratio of close to 0.7x in the IT industry in Germany, you could be forgiven for...
New Risk • Dec 16New 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 9.0% 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 Risks Debt is not well covered by operating cash flow (3.9% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 231% Minor Risks Share price has been volatile over the past 3 months (9.0% average weekly change). Shareholders have been diluted in the past year (10.0% increase in shares outstanding). Market cap is less than US$100m (€38.7m market cap, or US$40.7m).
お知らせ • Dec 12+ 3 more updatesKPS AG to Report First Half, 2025 Results on May 08, 2025KPS AG announced that they will report first half, 2025 results on May 08, 2025
分析記事 • Aug 08Is KPS (ETR:KSC) Using Debt Sensibly?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
New Risk • Jul 29New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 3.9% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (3.9% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 231% Minor Risks Shareholders have been diluted in the past year (10.0% increase in shares outstanding). Market cap is less than US$100m (€39.0m market cap, or US$42.4m).
Reported Earnings • Jul 26Third quarter 2024 earnings released: EPS: €0.05 (vs €0.02 loss in 3Q 2023)Third quarter 2024 results: EPS: €0.05 (up from €0.02 loss in 3Q 2023). Revenue: €35.1m (down 17% from 3Q 2023). Net income: €2.23m (up €2.91m from 3Q 2023). Profit margin: 6.4% (up from net loss in 3Q 2023). Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the IT industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 38 percentage points per year, which is a significant difference in performance.
Major Estimate Revision • Jul 25Consensus EPS estimates have been downgraded.The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €162.9m to €151.9m. Losses expected to increase from €0 per share to €0.03. IT industry in Germany expected to see average net income growth of 31% next year. Consensus price target down from €1.14 to €0.95. Share price was steady at €0.94 over the past week.
Price Target Changed • Jul 24Price target decreased by 19% to €0.95Down from €1.18, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of €0.93. Stock is down 53% over the past year. The company is forecast to post a net loss per share of €0.03 next year compared to a net loss per share of €0.033 last year.
Reported Earnings • May 07Second quarter 2024 earnings released: €0.051 loss per share (vs €0.01 profit in 2Q 2023)Second quarter 2024 results: €0.051 loss per share (down from €0.01 profit in 2Q 2023). Revenue: €37.6m (down 18% from 2Q 2023). Net loss: €2.25m (down €2.63m from profit in 2Q 2023). Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the IT industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 28 percentage points per year, which is a significant difference in performance.
New Risk • Mar 18New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 10.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (7.4% average weekly change). Shareholders have been diluted in the past year (10.0% increase in shares outstanding). Market cap is less than US$100m (€47.1m market cap, or US$51.3m).
お知らせ • Mar 14KPS AG has completed a Follow-on Equity Offering in the amount of €4.30238 million.KPS AG has completed a Follow-on Equity Offering in the amount of €4.30238 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 3,741,200 Price\Range: €1.15 Transaction Features: Subsequent Direct Listing
Reported Earnings • Mar 10First quarter 2024 earnings released: €0.07 loss per share (vs €0.06 profit in 1Q 2023)First quarter 2024 results: €0.07 loss per share (down from €0.06 profit in 1Q 2023). Revenue: €38.9m (down 20% from 1Q 2023). Net loss: €2.71m (down 222% from profit in 1Q 2023). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has fallen by 44% per year whereas the company’s share price has fallen by 39% per year.
New Risk • Feb 16New 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 7.2% 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: Minor Risks High level of debt (57% net debt to equity). Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). 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 (7.2% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.4% net profit margin). Market cap is less than US$100m (€39.1m market cap, or US$42.1m).
分析記事 • Feb 03Is It Time To Consider Buying KPS AG (ETR:KSC)?KPS AG ( ETR:KSC ), is not the largest company out there, but it saw significant share price movement during recent...
Valuation Update With 7 Day Price Move • Feb 02Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to €1.21, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 21x in the IT industry in Germany. Total loss to shareholders of 74% over the past three years.
New Risk • Jan 31New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 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 High level of debt (57% net debt to equity). Latest financial reports are more than 6 months old (reported June 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 (2.4% net profit margin). Market cap is less than US$100m (€47.5m market cap, or US$51.5m).
分析記事 • Dec 12KPS (ETR:KSC) May Have Issues Allocating Its CapitalWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? In a...
Valuation Update With 7 Day Price Move • Dec 11Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €1.51, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 17x in the IT industry in Germany. Total loss to shareholders of 66% over the past three years.
New Risk • Jul 31New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 57% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (57% net debt to equity). Dividend is not well covered by earnings (100% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.4% net profit margin). Market cap is less than US$100m (€70.7m market cap, or US$78.0m).
Major Estimate Revision • Jul 29Consensus EPS estimates increase by 63%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from €0.19 to €0.31. Revenue forecast steady at €178.4m. Net income forecast to grow 114% next year vs 23% growth forecast for IT industry in Germany. Consensus price target down from €3.95 to €3.50. Share price fell 8.7% to €1.89 over the past week.
お知らせ • Jul 18+ 4 more updatesKPS AG to Report Q2, 2024 Results on May 06, 2024KPS AG announced that they will report Q2, 2024 results on May 06, 2024
分析記事 • Jul 13Is It Too Late To Consider Buying KPS AG (ETR:KSC)?KPS AG ( ETR:KSC ), might not be a large cap stock, but it received a lot of attention from a substantial price...
Valuation Update With 7 Day Price Move • Jul 12Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €1.83, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 17x in the IT industry in Germany. Total loss to shareholders of 66% over the past three years.
Valuation Update With 7 Day Price Move • May 12Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €2.39, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 18x in the IT industry in Germany. Total loss to shareholders of 46% over the past three years.
分析記事 • May 11KPS' (ETR:KSC) Shareholders Will Receive A Smaller Dividend Than Last YearThe board of KPS AG ( ETR:KSC ) has announced that the dividend on 15th of May will be reduced by 47% from last year's...
お知らせ • May 09+ 1 more updateKPS AG Announces Reduction of the Dividend ProposalKPS AG announced reduction of the dividend proposal from EUR 0.19 to EUR 0.10 per no-par value share entitled to dividend.
Upcoming Dividend • May 04Upcoming dividend of €0.19 per share at 6.6% yieldEligible shareholders must have bought the stock before 11 May 2023. Payment date: 15 May 2023. Payout ratio is a comfortable 74% and this is well supported by cash flows. Trailing yield: 6.6%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.1%).
Major Estimate Revision • Apr 30Consensus EPS estimates fall by 36%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from €190.1m to €177.0m. EPS estimate also fell from €0.295 per share to €0.19 per share. Net income forecast to grow 24% next year vs 22% growth forecast for IT industry in Germany. Consensus price target of €5.80 unchanged from last update. Share price fell 21% to €2.90 over the past week.
Valuation Update With 7 Day Price Move • Apr 26Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €2.98, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 19x in the IT industry in Germany. Total loss to shareholders of 36% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €5.94 per share.
Reported Earnings • Jan 31Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: €0.26 (up from €0.23 in FY 2021). Revenue: €180.4m (up 14% from FY 2021). Net income: €9.55m (up 9.4% from FY 2021). Profit margin: 5.3% (down from 5.5% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings.
Price Target Changed • Jan 30Price target increased by 11% to €7.70Up from €6.95, the current price target is provided by 1 analyst. New target price is 97% above last closing price of €3.90. Stock is down 16% over the past year. The company is forecast to post earnings per share of €0.23 for next year compared to €0.23 last year.
Valuation Update With 7 Day Price Move • Jan 24Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €3.78, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 20x in the IT industry in Germany. Total loss to shareholders of 42% over the past three years.
お知らせ • Jan 18KPS AG (XTRA:KSC) acquired Graphyte.KPS AG (XTRA:KSC) acquired Graphyte on January 17, 2023. KPS AG (XTRA:KSC) completed the acquisition of Graphyte on January 17, 2023.
分析記事 • Jan 05At €3.20, Is It Time To Put KPS AG (ETR:KSC) On Your Watch List?While KPS AG ( ETR:KSC ) might not be the most widely known stock at the moment, it saw a double-digit share price rise...
Price Target Changed • Nov 16Price target decreased to €5.77Down from €6.95, the current price target is an average from 3 analysts. New target price is 79% above last closing price of €3.22. Stock is down 30% over the past year. The company is forecast to post earnings per share of €0.23 for next year compared to €0.23 last year.
Valuation Update With 7 Day Price Move • Sep 26Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to €3.12, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 15x in the IT industry in Germany. Total loss to shareholders of 48% over the past three years.
分析記事 • Sep 26KPS (ETR:KSC) Has A Pretty Healthy Balance SheetThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
お知らせ • Sep 16+ 4 more updatesKPS AG to Report Fiscal Year 2022 Results on Jan 26, 2023KPS AG announced that they will report fiscal year 2022 results on Jan 26, 2023
Price Target Changed • Sep 10Price target decreased to €5.77Down from €6.95, the current price target is an average from 2 analysts. New target price is 46% above last closing price of €3.94. Stock is down 22% over the past year. The company is forecast to post earnings per share of €0.23 for next year compared to €0.23 last year.
お知らせ • Jul 28KPS AG Common Stock to Be Deleted from OTC EquityKPS AG Common Stock (Germany Federal Republic) will be deleted from OTC Equity effective from July 28, 2022, due to Inactive Security.
Reported Earnings • Jul 22Third quarter 2022 earnings released: EPS: €0.05 (vs €0.09 in 3Q 2021)Third quarter 2022 results: EPS: €0.05 (down from €0.09 in 3Q 2021). Revenue: €44.9m (up 9.5% from 3Q 2021). Net income: €1.94m (down 42% from 3Q 2021). Profit margin: 4.3% (down from 8.2% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 5.6%, compared to a 17% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 18% per year.
お知らせ • Jul 22KPS AG Provides Earnings Guidance for the Financial Year 2021/2022KPS AG provided earnings forecast for the 2021/2022 financial year. For the period, the company expects to be able to increase revenue in the 2021/2022 financial year in the mid to high single-digit percentage range compared to the previous year 2020/2021.
分析記事 • May 19KPS' (ETR:KSC) Shareholders Will Receive A Bigger Dividend Than Last YearKPS AG ( ETR:KSC ) will increase its dividend on the 23rd of May to €0.19. This will take the annual payment from 4.6...
お知らせ • May 18KPS AG Confirms Forecast for the Financial Year 2021/2022KPS AG confirmed forecast for the financial year 2021/2022. KPS confirms its forecast for the financial year 2021/2022 and remains optimistic that the positive order situation will continue throughout the rest of the year. KPS expects to be able to increase revenue in the financial year 2021/2022 in the mid to high single-digit percentage range compared to the previous year 2020/2021. In addition, the Executive Board expects to be able to achieve an EBITDA at least at the level of the previous year 2020/2021.
Reported Earnings • May 16Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2022 results: EPS: €0.075 (down from €0.082 in 2Q 2021). Revenue: €45.8m (up 12% from 2Q 2021). Net income: €2.97m (down 9.5% from 2Q 2021). Profit margin: 6.5% (down from 8.0% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) exceeded analyst estimates by 7.8%. Over the next year, revenue is forecast to grow 4.1%, compared to a 18% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 16% per year.
Upcoming Dividend • May 12Upcoming dividend of €0.19 per shareEligible shareholders must have bought the stock before 19 May 2022. Payment date: 23 May 2022. Payout ratio is on the higher end at 81%, however this is supported by cash flows. Trailing yield: 4.7%. Within top quartile of German dividend payers (4.2%). Higher than average of industry peers (1.5%).
分析記事 • Apr 28KPS (ETR:KSC) Is Paying Out A Larger Dividend Than Last YearThe board of KPS AG ( ETR:KSC ) has announced that it will be increasing its dividend on the 23rd of May to €0.19. This...
Price Target Changed • Apr 27Price target increased to €7.33Up from €6.10, the current price target is an average from 3 analysts. New target price is 69% above last closing price of €4.33. Stock is down 17% over the past year. The company is forecast to post earnings per share of €0.23 for next year compared to €0.23 last year.
お知らせ • Feb 11KPS AG Provides Earnings Guidance for the Financial Year 2021/2022KPS AG provided earnings guidance for the financial year 2021/2022. For the year, the company expects to be able to increase revenue in the mid to high single-digit percentage range compared to the previous year 2020/2021.
分析記事 • Feb 02KPS (ETR:KSC) Is Paying Out A Larger Dividend Than Last YearKPS AG ( ETR:KSC ) will increase its dividend on the 23rd of May to €0.19. This will take the annual payment from 4.1...
お知らせ • Feb 02KPS AG to Report Q1, 2022 Results on Feb 10, 2022KPS AG announced that they will report Q1, 2022 results on Feb 10, 2022
Price Target Changed • Jan 29Price target increased to €6.83Up from €6.10, the current price target is an average from 3 analysts. New target price is 52% above last closing price of €4.50. Stock is down 12% over the past year. The company is forecast to post earnings per share of €0.23 for next year compared to €0.23 last year.
Major Estimate Revision • Jan 27Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from €0.27 to €0.23 per share. Revenue forecast steady at €170.5m. Net income forecast to grow 5.4% next year vs 20% growth forecast for IT industry in Germany. Consensus price target up from €6.10 to €6.23. Share price was steady at €4.55 over the past week.
分析記事 • Jan 23KPS AG Just Recorded A 7.8% EPS Beat: Here's What Analysts Are Forecasting NextThe yearly results for KPS AG ( ETR:KSC ) were released last week, making it a good time to revisit its performance...
Reported Earnings • Jan 22Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: €0.23 (up from €0.22 in FY 2020). Revenue: €158.9m (down 5.3% from FY 2020). Net income: €8.73m (up 7.2% from FY 2020). Profit margin: 5.5% (up from 4.9% in FY 2020). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) exceeded analyst estimates by 7.8%. Over the next year, revenue is forecast to grow 7.7%, compared to a 18% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 14% per year and the company’s share price has also fallen by 14% per year.
Price Target Changed • Dec 17Price target decreased to €6.10Down from €6.90, the current price target is an average from 4 analysts. New target price is 52% above last closing price of €4.01. Stock is down 20% over the past year. The company is forecast to post earnings per share of €0.22 for next year compared to €0.22 last year.
Reported Earnings • Jul 25Third quarter 2021 earnings released: EPS €0.09 (vs €0.05 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €41.0m (up 15% from 3Q 2020). Net income: €3.36m (up 98% from 3Q 2020). Profit margin: 8.2% (up from 4.8% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 18% per year.
お知らせ • Jul 24KPS AG Provides Earnings Guidance for the Fiscal Year 2021KPS AG provided earnings guidance for the fiscal year 2021. The board confirmed the outlook for the business year 2020/2021 and assumes that Group sales will be in a corridor between 5% and 9% while the Group EBITDA will be in a corridor from 3% to 6% below the respective level for the business year 2019/2020.
分析記事 • Jun 02Returns On Capital At KPS (ETR:KSC) Paint A Concerning PictureWhat are the early trends we should look for to identify a stock that could multiply in value over the long term? In a...
Reported Earnings • May 20Second quarter 2021 earnings released: EPS €0.082 (vs €0.078 in 2Q 2020)The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: €41.5m (down 18% from 2Q 2020). Net income: €3.28m (up 6.2% from 2Q 2020). Profit margin: 7.9% (up from 6.1% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 16% per year.
お知らせ • May 19KPS AG Confirms Earnings Guidance for the Full Year 2021KPS AG confirmed earnings guidance for the full year 2021. The company confirmed the forecast made on May 04, 2021 that group sales would lie between 5% - 9% below the levels of the previous business year 2019/2020.
Upcoming Dividend • May 17Upcoming dividend of €0.17 per shareEligible shareholders must have bought the stock before 24 May 2021. Payment date: 27 May 2021. Trailing yield: 3.3%. Within top quartile of German dividend payers (3.3%). Higher than average of industry peers (1.3%).
Price Target Changed • May 09Price target decreased to €6.90Down from €7.50, the current price target is an average from 4 analysts. New target price is 34% above last closing price of €5.16. Stock is down 5.5% over the past year.
お知らせ • May 05Kps Ag Provides Revenue Guidance for Year 2020/2021KPS AG provided revenue guidance for year 2020/2021. The company announced that the Management Board of KPS AG currently assumes that Group revenues for the entire fiscal year 2020/2021 will be in a range of 5% to 9%.
分析記事 • Apr 07Read This Before Buying KPS AG (ETR:KSC) For Its DividendIs KPS AG ( ETR:KSC ) a good dividend stock? How can we tell? Dividend paying companies with growing earnings can be...
分析記事 • Mar 25Calculating The Intrinsic Value Of KPS AG (ETR:KSC)Today we'll do a simple run through of a valuation method used to estimate the attractiveness of KPS AG ( ETR:KSC ) as...
分析記事 • Mar 13Should You Think About Buying KPS AG (ETR:KSC) Now?KPS AG ( ETR:KSC ), is not the largest company out there, but it saw significant share price movement during recent...
分析記事 • Mar 01KPS (ETR:KSC) Has A Pretty Healthy Balance SheetDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
分析記事 • Feb 17Should Weakness in KPS AG's (ETR:KSC) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?KPS (ETR:KSC) has had a rough three months with its share price down 3.6%. However, the company's fundamentals look...