Major Estimate Revision • May 27
Consensus EPS estimates increase by 56%, revenue downgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from €141.0m to €138.0m. EPS estimate rose from €0.32 to €0.50. Net income forecast to grow 48% next year vs 24% growth forecast for IT industry in Germany. Consensus price target up from €9.10 to €12.60. Share price was steady at €4.72 over the past week. Upcoming Dividend • May 22
Upcoming dividend of €0.10 per share Eligible shareholders must have bought the stock before 29 May 2026. Payment date: 02 June 2026. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (4.5%). In line with average of industry peers (2.3%). Declared Dividend • Apr 19
Dividend of €0.10 announced Dividend of €0.10 is the same as last year. Ex-date: 29th May 2026 Payment date: 2nd June 2026 Dividend yield will be 2.0%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend. New Risk • Mar 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 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 Risk Earnings are forecast to decline by an average of 5.2% per year for the foreseeable future. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€48.9m market cap, or US$55.9m). Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €4.66, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 13x in the IT industry in Germany. Total loss to shareholders of 30% over the past three years. Price Target Changed • Oct 30
Price target decreased by 19% to €9.10 Down from €11.20, the current price target is provided by 1 analyst. New target price is 57% above last closing price of €5.80. Stock is down 4.1% over the past year. The company is forecast to post earnings per share of €0.27 for next year compared to €0.42 last year. New Risk • Oct 29
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 5.2% 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 Risk Earnings are forecast to decline by an average of 5.2% per year for the foreseeable future. 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 (€56.0m market cap, or US$65.3m). Upcoming Dividend • May 22
Upcoming dividend of €0.10 per share Eligible shareholders must have bought the stock before 29 May 2025. Payment date: 02 June 2025. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.4%). Lower than average of industry peers (2.3%). Price Target Changed • Apr 30
Price target increased by 23% to €11.20 Up from €9.10, the current price target is provided by 1 analyst. New target price is 88% above last closing price of €5.95. The company is forecast to post earnings per share of €0.42 for next year compared to €0.42 last year. Declared Dividend • Apr 16
Dividend of €0.10 announced Dividend of €0.10 is the same as last year. Ex-date: 29th May 2025 Payment date: 2nd June 2025 Dividend yield will be 1.7%, which is lower than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (24% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has increased by an average of 2.3% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend. Reported Earnings • Mar 31
Full year 2024 earnings released: EPS: €0.42 (vs €0.29 in FY 2023) Full year 2024 results: EPS: €0.42 (up from €0.29 in FY 2023). Revenue: €135.8m (up 2.7% from FY 2023). Net income: €4.00m (up 48% from FY 2023). Profit margin: 2.9% (up from 2.1% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. New Risk • Mar 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. 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 Risk Earnings are forecast to decline by an average of 5.5% per year for the foreseeable future. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€55.4m market cap, or US$60.3m). New Risk • Nov 11
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 5.5% 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 Risk Earnings are forecast to decline by an average of 5.5% per year for the foreseeable future. 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 (€56.8m market cap, or US$60.5m). Upcoming Dividend • May 22
Upcoming dividend of €0.10 per share Eligible shareholders must have bought the stock before 29 May 2024. Payment date: 31 May 2024. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (2.3%). Reported Earnings • Mar 29
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: €0.29 (up from €0.25 in FY 2022). Revenue: €135.1m (up 12% from FY 2022). Net income: €2.71m (up 14% from FY 2022). Profit margin: 2.0% (in line with FY 2022). Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) exceeded analyst estimates by 5.9%. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. New Risk • Mar 15
New minor risk - Financial data availability The 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 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. Market cap is less than US$100m (€57.3m market cap, or US$62.4m). お知らせ • Dec 19
ORBIS AG to Report Fiscal Year 2023 Results on Mar 27, 2024 ORBIS AG announced that they will report fiscal year 2023 results on Mar 27, 2024 Upcoming Dividend • Jun 05
Upcoming dividend of €0.15 per share at 2.1% yield Eligible shareholders must have bought the stock before 12 June 2023. Payment date: 14 June 2023. Payout ratio is a comfortable 59% and the cash payout ratio is 88%. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (4.7%). In line with average of industry peers (2.3%). Upcoming Dividend • May 19
Upcoming dividend of €0.20 per share Eligible shareholders must have bought the stock before 26 May 2022. Payment date: 31 May 2022. Payout ratio is on the higher end at 80%, however this is supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of German dividend payers (4.4%). Higher than average of industry peers (1.4%). Reported Earnings • Apr 03
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: €0.25 (up from €0.21 in FY 2020). Revenue: €100.4m (up 17% from FY 2020). Net income: €2.37m (up 22% from FY 2020). Profit margin: 2.4% (up from 2.3% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) also surpassed analyst estimates by 25%. Over the next year, revenue is forecast to stay flat compared to a 18% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Upcoming Dividend • May 05
Upcoming dividend of €0.20 per share Eligible shareholders must have bought the stock before 12 May 2021. Payment date: 17 May 2021. Trailing yield: 2.5%. Lower than top quartile of German dividend payers (3.1%). Higher than average of industry peers (1.2%). Is New 90 Day High Low • Mar 05
New 90-day high: €7.70 The company is up 21% from its price of €6.35 on 04 December 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 6.0% over the same period. Is New 90 Day High Low • Feb 10
New 90-day high: €6.95 The company is up 15% from its price of €6.05 on 11 November 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the IT industry, which is up 17% over the same period. お知らせ • Jan 27
ORBIS AG, Annual General Meeting, May 11, 2021 ORBIS AG, Annual General Meeting, May 11, 2021. Is New 90 Day High Low • Jan 23
New 90-day high: €6.90 The company is up 15% from its price of €6.00 on 23 October 2020. The German market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 9.0% over the same period. Is New 90 Day High Low • Jan 06
New 90-day high: €6.60 The company is up 6.0% from its price of €6.20 on 08 October 2020. The German market is up 7.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is down 15% over the same period. Is New 90 Day High Low • Dec 17
New 90-day high: €6.55 The company is up 9.0% from its price of €6.00 on 18 September 2020. The German market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 29% over the same period. Is New 90 Day High Low • Nov 24
New 90-day high: €6.25 The company is up 2.0% from its price of €6.15 on 26 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 16% over the same period. Major Estimate Revision • Oct 02
Analysts increase EPS estimates to €0.17 The 2020 consensus revenue estimate increased from €75.0m to €78.0m. The earnings per share estimate also received an upgrade from €0.14 to €0.17 for the same period. Net income is expected to shrink by 9.3% next year compared to 21% growth forecast for the IT industry in Germany . The consensus price target of €8.00 was unchanged from the last update. Share price is down by 1.7% to €5.95 over the past week.