View Future GrowthFORTEC Elektronik 過去の業績過去 基準チェック /16FORTEC Elektronikの収益は年間平均-13.5%の割合で減少していますが、 Electronic業界の収益は年間 減少しています。収益は年間13.5% 0.6%割合で 増加しています。 FORTEC Elektronikの自己資本利益率は2.2%であり、純利益率は1.6%です。主要情報-13.46%収益成長率-13.46%EPS成長率Electronic 業界の成長1.03%収益成長率0.61%株主資本利益率2.25%ネット・マージン1.63%次回の業績アップデート28 May 2026最近の業績更新分析記事 • Apr 03Investors Can Find Comfort In FORTEC Elektronik's (ETR:FEV) Earnings QualityThe market was pleased with the recent earnings report from FORTEC Elektronik AG ( ETR:FEV ), despite the profit...Reported Earnings • Mar 29Second quarter 2026 earnings released: EPS: €0.074 (vs €0.15 in 2Q 2025)Second quarter 2026 results: EPS: €0.074 (down from €0.15 in 2Q 2025). Revenue: €18.7m (up 2.8% from 2Q 2025). Net income: €242.0k (down 51% from 2Q 2025). Profit margin: 1.3% (down from 2.7% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.お知らせ • Jan 09+ 3 more updatesFORTEC Elektronik AG to Report Q1, 2027 Results on Nov 27, 2026FORTEC Elektronik AG announced that they will report Q1, 2027 results on Nov 27, 2026Reported Earnings • Dec 01First quarter 2026 earnings released: €0.011 loss per share (vs €0.086 loss in 1Q 2025)First quarter 2026 results: €0.011 loss per share (improved from €0.086 loss in 1Q 2025). Revenue: €19.6m (up 12% from 1Q 2025). Net loss: €37.0k (loss narrowed 87% from 1Q 2025). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 40 percentage points per year, which is a significant difference in performance.Reported Earnings • May 29Third quarter 2025 earnings released: EPS: €0.23 (vs €0.22 in 3Q 2024)Third quarter 2025 results: EPS: €0.23 (up from €0.22 in 3Q 2024). Revenue: €23.6m (up 3.9% from 3Q 2024). Net income: €741.0k (up 4.7% from 3Q 2024). Profit margin: 3.1% (in line with 3Q 2024). Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.お知らせ • Apr 25+ 1 more updateFORTEC Elektronik AG to Report Fiscal Year 2025 Results on Oct 30, 2025FORTEC Elektronik AG announced that they will report fiscal year 2025 results at 9:00 AM, Central European Standard Time on Oct 30, 2025すべての更新を表示Recent updates分析記事 • Apr 03Investors Can Find Comfort In FORTEC Elektronik's (ETR:FEV) Earnings QualityThe market was pleased with the recent earnings report from FORTEC Elektronik AG ( ETR:FEV ), despite the profit...Reported Earnings • Mar 29Second quarter 2026 earnings released: EPS: €0.074 (vs €0.15 in 2Q 2025)Second quarter 2026 results: EPS: €0.074 (down from €0.15 in 2Q 2025). Revenue: €18.7m (up 2.8% from 2Q 2025). Net income: €242.0k (down 51% from 2Q 2025). Profit margin: 1.3% (down from 2.7% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.Major Estimate Revision • Mar 26Consensus EPS estimates fall by 5,900%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from €80.3m to €77.7m. Losses expected to increase from €0.01 per share to €0.60. Electronic industry in Germany expected to see average net income decline 14% next year. Consensus price target down from €17.00 to €15.00. Share price fell 11% to €11.00 over the past week.Major Estimate Revision • Mar 18Consensus EPS estimates have been downgraded.The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from €82.7m to €80.3m. Now expected to report a loss of €0.01 per share instead of €0.33 per share profit previously forecast. Electronic industry in Germany expected to see average net income growth of 31% next year. Consensus price target of €17.00 unchanged from last update. Share price fell 4.2% to €12.60 over the past week.Buy Or Sell Opportunity • Feb 27Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 21% to €13.55. The fair value is estimated to be €11.20, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.2% over the last 3 years. Earnings per share has declined by 47%. Revenue is forecast to grow by 8.4% in 2 years. Earnings are forecast to grow by 128% in the next 2 years.分析記事 • Feb 09FORTEC Elektronik's (ETR:FEV) Dividend Will Be Reduced To €0.40FORTEC Elektronik AG's ( ETR:FEV ) dividend is being reduced from last year's payment covering the same period to €0.40...Upcoming Dividend • Feb 05Upcoming dividend of €0.40 per shareEligible shareholders must have bought the stock before 12 February 2026. Payment date: 16 February 2026. Payout ratio is on the higher end at 82%, and the cash payout ratio is above 100%. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (4.4%). Higher than average of industry peers (1.4%).分析記事 • Jan 22FORTEC Elektronik AG's (ETR:FEV) P/E Is Still On The Mark Following 28% Share Price BounceFORTEC Elektronik AG ( ETR:FEV ) shares have had a really impressive month, gaining 28% after a shaky period...Buy Or Sell Opportunity • Jan 19Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 5.4% to €13.65. The fair value is estimated to be €11.27, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.2% over the last 3 years. Earnings per share has declined by 47%. Revenue is forecast to grow by 8.4% in 2 years. Earnings are forecast to grow by 128% in the next 2 years.Valuation Update With 7 Day Price Move • Jan 12Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €12.10, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 24x in the Electronic industry in Germany. Total loss to shareholders of 47% over the past three years.分析記事 • Jan 09FORTEC Elektronik (ETR:FEV) Is Paying Out Less In Dividends Than Last YearFORTEC Elektronik AG ( ETR:FEV ) has announced that on 16th of February, it will be paying a dividend of€0.40, which a...お知らせ • Jan 09+ 3 more updatesFORTEC Elektronik AG to Report Q1, 2027 Results on Nov 27, 2026FORTEC Elektronik AG announced that they will report Q1, 2027 results on Nov 27, 2026分析記事 • Dec 19FORTEC Elektronik's (ETR:FEV) Shareholders Will Receive A Smaller Dividend Than Last YearFORTEC Elektronik AG's ( ETR:FEV ) dividend is being reduced from last year's payment covering the same period to €0.40...お知らせ • Dec 19FORTEC Elektronik AG, Annual General Meeting, Feb 11, 2026FORTEC Elektronik AG, Annual General Meeting, Feb 11, 2026, at 10:00 W. Europe Standard Time.分析記事 • Dec 01FORTEC Elektronik (ETR:FEV) Is Paying Out Less In Dividends Than Last YearFORTEC Elektronik AG ( ETR:FEV ) has announced that on 16th of February, it will be paying a dividend of€0.40, which a...Reported Earnings • Dec 01First quarter 2026 earnings released: €0.011 loss per share (vs €0.086 loss in 1Q 2025)First quarter 2026 results: €0.011 loss per share (improved from €0.086 loss in 1Q 2025). Revenue: €19.6m (up 12% from 1Q 2025). Net loss: €37.0k (loss narrowed 87% from 1Q 2025). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 40 percentage points per year, which is a significant difference in performance.お知らせ • Nov 29+ 2 more updatesFORTEC Elektronik AG Announces Stepping Down of Ulrich Ermel as Acting CEOFORTEC Elektronik AG announced that acting CEO, Ulrich Ermel, also announced that he would be stepping down for personal reasons by 30 June 2026.Valuation Update With 7 Day Price Move • Nov 05Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €10.50, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 18x in the Electronic industry in Germany. Total loss to shareholders of 49% over the past three years.お知らせ • Oct 23FORTEC Elektronik AG (XTRA:FEV) acquired remaining 63.30% stake in Advantec Electronics B.V.FORTEC Elektronik AG (XTRA:FEV) acquired remaining 63.30% stake in Advantec Electronics B.V. on October 21, 2025. With this step, FORTEC is expanding its presence in the Benelux market and merging Advantec’s activities with those of the recently acquired Nottrot B.V. Prior to the transaction, FORTEC already held a stake of around 36.7% in Advantec Electronics B.V. The Supervisory Board has initiated the process of appointing a new Management Board. Until a new Management Board is appointed – no later than 30 June 2026 – Mr. Ulrich Ermel will continue to manage the company’s affairs and, together with the Supervisory Board, ensure that the company remains capable of acting during the transition phase. FORTEC Elektronik AG (XTRA:FEV) completed the acquisition of remaining 63.30% stake in Advantec Electronics B.V. on October 21, 2025.分析記事 • Oct 10FORTEC Elektronik AG's (ETR:FEV) Popularity With Investors Is Under Threat From OverpricingIt's not a stretch to say that FORTEC Elektronik AG's ( ETR:FEV ) price-to-earnings (or "P/E") ratio of 18.7x right now...お知らせ • Oct 07+ 1 more updateFortec Elektronik Ag Announces Changes in the Management BoardThe Supervisory Board of FORTEC Elektronik AG resolved, for cause, to revoke the appointment of Ms. Sandra Maile as a member of the Management Board and to withdraw her designation as Chairwoman of the Management Board of the Company, each with immediate effect. Mr. Ulrich Ermel informed the Supervisory Board on September 30, 2025, that he will not be available for another term of office and intends to step down from the Management Board of FORTEC Elektronik AG no later than June 30, 2026. The Supervisory Board intends to reconstitute the Management Board in its entirety as of mid-next year and will conduct a structured process to appoint the new members of the Management Board.お知らせ • Jul 11Fortec Elektronik Ag Revises Group Earnings Guidance for Year 2024-2025FORTEC Elektronik AG revised group earnings guidance for year 2024-2025. For the year company now expects Group EBIT of between EUR 1.0 million and EUR 2.0 million (previously: EUR 4.0 million to EUR 6.0 million).Reported Earnings • May 29Third quarter 2025 earnings released: EPS: €0.23 (vs €0.22 in 3Q 2024)Third quarter 2025 results: EPS: €0.23 (up from €0.22 in 3Q 2024). Revenue: €23.6m (up 3.9% from 3Q 2024). Net income: €741.0k (up 4.7% from 3Q 2024). Profit margin: 3.1% (in line with 3Q 2024). Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.お知らせ • Apr 25+ 1 more updateFORTEC Elektronik AG to Report Fiscal Year 2025 Results on Oct 30, 2025FORTEC Elektronik AG announced that they will report fiscal year 2025 results at 9:00 AM, Central European Standard Time on Oct 30, 2025Major Estimate Revision • Apr 17Consensus EPS estimates fall by 24%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €82.2m to €80.3m. EPS estimate also fell from €0.94 per share to €0.71 per share. Net income forecast to grow 30% next year vs 20% growth forecast for Electronic industry in Germany. Consensus price target of €22.00 unchanged from last update. Share price was steady at €15.50 over the past week.Reported Earnings • Mar 28Second quarter 2025 earnings released: EPS: €0.15 (vs €0.25 in 2Q 2024)Second quarter 2025 results: EPS: €0.15 (down from €0.25 in 2Q 2024). Revenue: €18.6m (down 8.6% from 2Q 2024). Net income: €497.0k (down 39% from 2Q 2024). Profit margin: 2.7% (down from 4.0% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Electronic 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 10% per year.分析記事 • Feb 19One FORTEC Elektronik AG (ETR:FEV) Analyst Just Made A Major Cut To Next Year's EstimatesMarket forces rained on the parade of FORTEC Elektronik AG ( ETR:FEV ) shareholders today, when the covering analyst...Major Estimate Revision • Feb 19Consensus revenue estimates fall by 14%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €95.9m to €82.2m. EPS estimate fell from €1.26 to €0.94 per share. Net income forecast to grow 25% next year vs 33% growth forecast for Electronic industry in Germany. Consensus price target down from €27.00 to €22.00. Share price was steady at €16.10 over the past week.Price Target Changed • Feb 17Price target decreased by 21% to €22.00Down from €28.00, the current price target is provided by 1 analyst. New target price is 37% above last closing price of €16.10. Stock is down 34% over the past year. The company is forecast to post earnings per share of €0.94 for next year compared to €1.63 last year.New Risk • Feb 07New 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 3.7% 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 Dividend is not well covered by earnings (105% payout ratio). Share price has been volatile over the past 3 months (3.7% average weekly change). Profit margins are more than 30% lower than last year (3.1% net profit margin). Market cap is less than US$100m (€64.4m market cap, or US$66.8m).Upcoming Dividend • Feb 07Upcoming dividend of €0.85 per shareEligible shareholders must have bought the stock before 14 February 2025. Payment date: 18 February 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 5.6%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (2.0%).お知らせ • Dec 18FORTEC Elektronik AG, Annual General Meeting, Feb 13, 2025FORTEC Elektronik AG, Annual General Meeting, Feb 13, 2025, at 10:00 W. Europe Standard Time.Major Estimate Revision • Dec 06Consensus EPS estimates fall by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €97.0m to €95.9m. EPS estimate also fell from €1.43 per share to €1.26 per share. Net income forecast to grow 73% next year vs 73% growth forecast for Electronic industry in Germany. Consensus price target of €27.00 unchanged from last update. Share price rose 5.3% to €19.70 over the past week.New Risk • Dec 03New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.1% Last year net profit margin: 7.5% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (105% payout ratio). Profit margins are more than 30% lower than last year (3.1% net profit margin). Market cap is less than US$100m (€60.1m market cap, or US$63.3m).Reported Earnings • Dec 03First quarter 2025 earnings released: €0.086 loss per share (vs €0.74 profit in 1Q 2024)First quarter 2025 results: €0.086 loss per share (down from €0.74 profit in 1Q 2024). Revenue: €17.5m (down 34% from 1Q 2024). Net loss: €279.0k (down 112% from profit in 1Q 2024). Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 2% per year.分析記事 • Nov 05FORTEC Elektronik's (ETR:FEV) Soft Earnings Don't Show The Whole PictureFORTEC Elektronik AG's ( ETR:FEV ) stock was strong despite it releasing a soft earnings report last week. We think...Major Estimate Revision • Nov 05Consensus EPS estimates increase by 38%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from €90.2m to €97.0m. EPS estimate increased from €1.04 to €1.43 per share. Net income forecast to shrink 11% next year vs 32% growth forecast for Electronic industry in Germany . Consensus price target of €27.00 unchanged from last update. Share price rose 8.4% to €19.40 over the past week.Reported Earnings • Nov 01Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: €1.63 (down from €2.32 in FY 2023). Revenue: €95.7m (down 9.6% from FY 2023). Net income: €5.30m (down 30% from FY 2023). Profit margin: 5.5% (down from 7.1% in FY 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.0%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.お知らせ • Sep 27+ 3 more updatesFORTEC Elektronik AG to Report Q3, 2025 Results on May 28, 2025FORTEC Elektronik AG announced that they will report Q3, 2025 results on May 28, 2025New Risk • Sep 03New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.2% 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 2.2% per year for the foreseeable future. Minor Risk Market cap is less than US$100m (€60.5m market cap, or US$66.7m).Price Target Changed • Aug 20Price target decreased by 15% to €28.00Down from €33.00, the current price target is provided by 1 analyst. New target price is 53% above last closing price of €18.30. Stock is down 33% over the past year. The company is forecast to post earnings per share of €1.53 for next year compared to €2.32 last year.Buy Or Sell Opportunity • Jul 16Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 11% to €20.40. The fair value is estimated to be €25.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to grow by 7.4% in 2 years. Earnings are forecast to grow by 23% in the next 2 years.Buy Or Sell Opportunity • Jun 10Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 7.6% to €20.80. The fair value is estimated to be €26.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to grow by 7.4% in 2 years. Earnings are forecast to grow by 23% in the next 2 years.分析記事 • May 25FORTEC Elektronik (ETR:FEV) Seems To Use Debt Rather SparinglyLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Major Estimate Revision • May 24Consensus revenue estimates fall by 12%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €105.9m to €93.0m. EPS estimate fell from €2.10 to €1.66 per share. Net income forecast to shrink 23% next year vs 34% growth forecast for Electronic industry in Germany . Consensus price target down from €33.00 to €31.00. Share price fell 7.9% to €21.00 over the past week.お知らせ • May 24FORTEC Elektronik AG to Report Q3, 2024 Results on May 29, 2024FORTEC Elektronik AG announced that they will report Q3, 2024 results on May 29, 2024Price Target Changed • May 24Price target decreased by 8.8% to €31.00Down from €34.00, the current price target is provided by 1 analyst. New target price is 48% above last closing price of €21.00. Stock is down 25% over the past year. The company is forecast to post earnings per share of €1.66 for next year compared to €2.32 last year.New Risk • May 23New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.3% 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 0.3% per year for the foreseeable future. Minor Risk Market cap is less than US$100m (€66.3m market cap, or US$71.9m).Major Estimate Revision • Apr 05Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €109.0m to €105.9m. EPS estimate also fell from €2.42 per share to €2.10 per share. Net income forecast to shrink 4.4% next year vs 16% growth forecast for Electronic industry in Germany . Consensus price target down from €34.00 to €33.00. Share price fell 2.4% to €24.20 over the past week.分析記事 • Apr 04Solid Earnings Reflect FORTEC Elektronik's (ETR:FEV) Strength As A BusinessWhen companies post strong earnings, the stock generally performs well, just like FORTEC Elektronik AG's ( ETR:FEV...Reported Earnings • Mar 28Second quarter 2024 earnings released: EPS: €0.25 (vs €0.45 in 2Q 2023)Second quarter 2024 results: EPS: €0.25 (down from €0.45 in 2Q 2023). Revenue: €20.7m (down 15% from 2Q 2023). Net income: €812.0k (down 44% from 2Q 2023). Profit margin: 3.9% (down from 5.9% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.お知らせ • Mar 23FORTEC Elektronik AG to Report Q2, 2024 Results on Mar 27, 2024FORTEC Elektronik AG announced that they will report Q2, 2024 results on Mar 27, 2024Upcoming Dividend • Feb 01Upcoming dividend of €0.85 per share at 3.3% yieldEligible shareholders must have bought the stock before 08 February 2024. Payment date: 12 February 2024. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (1.5%).分析記事 • Jan 06Is FORTEC Elektronik (ETR:FEV) Using Too Much Debt?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Reported Earnings • Nov 30First quarter 2024 earnings released: EPS: €0.74 (vs €0.60 in 1Q 2023)First quarter 2024 results: EPS: €0.74 (up from €0.60 in 1Q 2023). Revenue: €27.1m (up 8.6% from 1Q 2023). Net income: €2.40m (up 24% from 1Q 2023). Profit margin: 8.9% (up from 7.8% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Reported Earnings • Oct 28Full year 2023 earnings: Revenues and EPS in line with analyst expectationsFull year 2023 results: EPS: €2.32 (up from €1.92 in FY 2022). Revenue: €108.4m (up 22% from FY 2022). Net income: €7.55m (up 21% from FY 2022). Profit margin: 7.0% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.お知らせ • Oct 28FORTEC Elektronik AG, Annual General Meeting, Feb 07, 2024FORTEC Elektronik AG, Annual General Meeting, Feb 07, 2024. Agenda: To consider distributing a dividend of EUR 0.85 per share from the retained earnings of the company as at 30 June 2023.お知らせ • Oct 24FORTEC Elektronik AG to Report Fiscal Year 2023 Results on Oct 26, 2023FORTEC Elektronik AG announced that they will report fiscal year 2023 results on Oct 26, 2023Buying Opportunity • Aug 03Now 20% undervaluedOver the last 90 days, the stock is up 24%. The fair value is estimated to be €35.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.8% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to grow by 15% in 2 years. Earnings is forecast to grow by 14% in the next 2 years.Buying Opportunity • Jul 11Now 20% undervaluedOver the last 90 days, the stock is up 23%. The fair value is estimated to be €35.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.8% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to grow by 15% in 2 years. Earnings is forecast to grow by 14% in the next 2 years.Reported Earnings • May 28Third quarter 2023 earnings released: EPS: €0.83 (vs €0.45 in 3Q 2022)Third quarter 2023 results: EPS: €0.83 (up from €0.45 in 3Q 2022). Revenue: €31.2m (up 31% from 3Q 2022). Net income: €2.70m (up 84% from 3Q 2022). Profit margin: 8.7% (up from 6.2% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 14% per year.Buying Opportunity • May 19Now 22% undervaluedOver the last 90 days, the stock is up 7.3%. The fair value is estimated to be €35.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 11% in 2 years. Earnings is forecast to grow by 9.0% in the next 2 years.お知らせ • May 09FORTEC Elektronik AG to Report Q3, 2023 Results on May 25, 2023FORTEC Elektronik AG announced that they will report Q3, 2023 results on May 25, 2023Buying Opportunity • Apr 12Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 9.4%. The fair value is estimated to be €28.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 11% in 2 years. Earnings is forecast to grow by 9.0% in the next 2 years.Reported Earnings • Mar 31Second quarter 2023 earnings released: EPS: €0.45 (vs €0.45 in 2Q 2022)Second quarter 2023 results: EPS: €0.45 (down from €0.45 in 2Q 2022). Revenue: €25.3m (up 21% from 2Q 2022). Net income: €1.45m (flat on 2Q 2022). Profit margin: 5.7% (down from 7.0% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Feb 09Upcoming dividend of €0.70 per share at 2.7% yieldEligible shareholders must have bought the stock before 16 February 2023. Payment date: 20 February 2023. Payout ratio is a comfortable 35% but the company is paying out more than the cash it is generating. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.0%).Valuation Update With 7 Day Price Move • Jan 06Investor sentiment improved over the past weekAfter last week's 15% share price gain to €26.00, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 18x in the Electronic industry in Germany. Total returns to shareholders of 40% over the past three years.Reported Earnings • Nov 27First quarter 2023 earnings released: EPS: €0.60 (vs €0.53 in 1Q 2022)First quarter 2023 results: EPS: €0.60 (up from €0.53 in 1Q 2022). Revenue: €25.8m (up 22% from 1Q 2022). Net income: €1.94m (up 14% from 1Q 2022). Profit margin: 7.5% (down from 8.1% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 10% per year.分析記事 • Nov 17Should You Think About Buying FORTEC Elektronik AG (ETR:FEV) Now?FORTEC Elektronik AG ( ETR:FEV ), might not be a large cap stock, but it received a lot of attention from a substantial...Price Target Changed • Nov 16Price target increased to €31.00Up from €28.00, the current price target is provided by 1 analyst. New target price is 19% above last closing price of €26.00. Stock is up 35% over the past year. The company is forecast to post earnings per share of €1.93 for next year compared to €1.92 last year.お知らせ • Nov 11FORTEC Elektronik AG Announces Board ChangesFORTEC Elektronik AG has completed the succession process for Mr. Bernhard Staller (62) who will retire on 30th June 2023 for age reasons. The Supervisory Board has appointed Ulrich Ermel (38) to the Management Board (COO) as of 1st March 2023 for a duration of 3 years. The qualified electrical engineer (FH) and chartered engineer has previously worked in various management functions in the electrical industry in Germany and as a consultant abroad. Ulrich Ermel has a wide range of management competence, leadership qualities and proven expertise in the Power Supply and Embedded sectors. He is currently Vice President of B2B Sales for the European region at a leading distributor of electronics. After Bernhard Staller sold his profitable companies to FORTEC, he joined the Management Board and took on responsibility for the Display Technology & Embedded sectors in 2017. As COO, he was responsible for a wide range of competencies from distribution and production to developing complete solutions. Since July 2020, the qualified engineer's Management Board responsibilities have also included the successful distribution of power supplies. In order to guarantee a smooth transition, Bernhard Staller will remain in the company initially following the arrival of Ulrich Ermel. After handing over the business to Ulrich Ermel, Bernhard Staller will leave the Management Board on 30th June 2023 at the latest. The FORTEC Elektronik AG Management Board will therefore comprise Sandra Maile, Chair of the Management Board along with Bernhard Staller and Ulrich Ermel, Members of the Management Board as of 1st March 2023.Valuation Update With 7 Day Price Move • Oct 28Investor sentiment improved over the past weekAfter last week's 15% share price gain to €24.40, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 17x in the Electronic industry in Germany. Total returns to shareholders of 30% over the past three years.Valuation Update With 7 Day Price Move • Sep 28Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to €19.50, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Electronic industry in Germany. Total returns to shareholders of 2.7% over the past three years.お知らせ • Aug 24FORTEC Elektronik AG to Report Fiscal Year 2022 Results on Oct 28, 2022FORTEC Elektronik AG announced that they will report fiscal year 2022 results at 12:00 PM, Central European Standard Time on Oct 28, 2022お知らせ • Jul 01FORTEC Elektronik AG Revises Earnings Guidance for the Financial Year 2021/2022FORTEC Elektronik AG revised earnings guidance for the financial year 2021/2022. The company substantiated its revenue forecast for the current financial year 2021/2022 (30 June), raising its operating earnings (EBIT) forecast once again. The Executive Board has firmed up the 2021/2022 forecast for Group turnover with a figure of between EUR 85 million and EUR 90 million (previously: growth of up to 15% compared to the previous year's figure of EUR 77.4 million) and has now raised the operating earnings (EBIT) forecast to between EUR 8.0 million and EUR 8.7 million (previously: an increase of up to 20% compared to the previous year's figure of EUR 5.3 million).Major Estimate Revision • Jun 01Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from €1.42 to €1.60. Revenue forecast unchanged at €88.5m. Net income forecast to shrink 20% next year vs 8.6% growth forecast for Electronic industry in Germany . Consensus price target of €27.00 unchanged from last update. Share price rose 3.5% to €23.40 over the past week.Reported Earnings • May 26Third quarter 2022 earnings: Revenues in line with analyst expectationsThird quarter 2022 results: Revenue: €25.4m (up 26% from 3Q 2021). Net income: €1.47m (up 23% from 3Q 2021). Profit margin: 5.8% (in line with 3Q 2021). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 5.7%, compared to a 19% growth forecast for the industry in Germany.お知らせ • May 26FORTEC Elektronik AG Affirms Earnings Guidance for the Financial Year 2021/2022FORTEC Elektronik AG affirmed earnings guidance for the financial year 2021/2022. The Management Board now affirms its forecast for the 2021/2022 financial year and continues to expect Group turnover to grow by up to 15% and Group EBIT to increase by up to 20%.Price Target Changed • Apr 27Price target increased to €27.00Up from €25.00, the current price target is provided by 1 analyst. New target price is 29% above last closing price of €21.00. Stock is up 17% over the past year. The company is forecast to post earnings per share of €1.42 for next year compared to €1.19 last year.Buying Opportunity • Apr 22Now 20% undervaluedOver the last 90 days, the stock is up 2.9%. The fair value is estimated to be €26.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.6% over the last 3 years. Earnings per share has declined by 5.7%. Revenue is forecast to grow by 16% in 2 years. Earnings is forecast to decline by 7.3% in the next 2 years.分析記事 • Apr 13FORTEC Elektronik's (ETR:FEV) Returns Have Hit A WallIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Typically, we'll...Price Target Changed • Apr 07Price target increased to €27.00Up from €25.00, the current price target is provided by 1 analyst. New target price is 24% above last closing price of €21.80. Stock is up 17% over the past year. The company is forecast to post earnings per share of €1.42 for next year compared to €1.19 last year.Reported Earnings • Apr 01Second quarter 2022 earnings: EPS misses analyst expectationsSecond quarter 2022 results: EPS: €0.45 (up from €0.11 in 2Q 2021). Revenue: €21.6m (up 25% from 2Q 2021). Net income: €1.47m (up 302% from 2Q 2021). Profit margin: 6.8% (up from 2.1% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.0%. Over the next year, revenue is forecast to grow 7.1%, compared to a 28% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.分析記事 • Mar 10These 4 Measures Indicate That FORTEC Elektronik (ETR:FEV) Is Using Debt SafelyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Valuation Update With 7 Day Price Move • Mar 07Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to €19.10, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 18x in the Electronic industry in Germany. Total returns to shareholders of 2.1% over the past three years.お知らせ • Feb 26FORTEC Elektronik AG Approves Dividend Recommendation for the Financial Year 2020-2021Shareholders of FORTEC Elektronik AG approved dividend recommendation of EUR 0.60 per share for the financial year 2020-2021.Upcoming Dividend • Feb 18Upcoming dividend of €0.60 per shareEligible shareholders must have bought the stock before 25 February 2022. Payment date: 01 March 2022. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (3.3%). Higher than average of industry peers (0.7%).Major Estimate Revision • Feb 16Consensus EPS estimates increase by 15%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from €86.2m to €88.5m. EPS estimate increased from €1.23 to €1.42 per share. Net income forecast to grow 0.7% next year vs 16% growth forecast for Electronic industry in Germany. Consensus price target up from €25.00 to €26.00. Share price rose 5.7% to €22.40 over the past week.Reported Earnings • Oct 30Full year 2021 earnings released: EPS €1.19 (vs €1.47 in FY 2020)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: €79.5m (down 9.4% from FY 2020). Net income: €3.88m (down 19% from FY 2020). Profit margin: 4.9% (down from 5.4% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.収支内訳FORTEC Elektronik の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史XTRA:FEV 収益、費用、利益 ( )EUR Millions日付収益収益G+A経費研究開発費31 Dec 2582116030 Sep 2582216030 Jun 2580116031 Mar 2583216031 Dec 2483216030 Sep 2485316030 Jun 2495517031 Mar 2497517031 Dec 23103717030 Sep 23107817030 Jun 23106816031 Mar 23102816031 Dec 2296616030 Sep 2293616030 Jun 2289615031 Mar 2286615031 Dec 2182614030 Sep 2178514030 Jun 2177414031 Mar 2180414031 Dec 2084415030 Sep 2086415030 Jun 2088515031 Mar 2087516031 Dec 1987516030 Sep 1988516030 Jun 1988616031 Mar 1987515031 Dec 1885515030 Sep 1882514030 Jun 1880414031 Mar 1879513031 Dec 1778514030 Sep 1780514030 Jun 1779414031 Mar 1778314031 Dec 1676313030 Sep 1677313030 Jun 1678314031 Mar 1672311031 Dec 1564310030 Sep 155428030 Jun 1546260質の高い収益: FEVは 高品質の収益 を持っています。利益率の向上: FEVの現在の純利益率 (1.6%)は、昨年(2.8%)よりも低くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: FEVの収益は過去 5 年間で年間13.5%減少しました。成長の加速: FEVは過去 1 年間の収益成長がマイナスであったため、5 年間の平均と比較することはできません。収益対業界: FEVは過去 1 年間で収益成長率がマイナス ( -42% ) となったため、 Electronic業界平均 ( -10.1% ) と比較することが困難です。株主資本利益率高いROE: FEVの 自己資本利益率 ( 2.2% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YTech 、過去の業績が好調な企業。View Financial Health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 16:21終値2026/05/22 00:00収益2025/12/31年間収益2025/06/30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FORTEC Elektronik AG 1 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。2 アナリスト機関Patrick SpeckMontega AGUlf van LengerichSolventis Wertpapierhandelsbank GmbH
分析記事 • Apr 03Investors Can Find Comfort In FORTEC Elektronik's (ETR:FEV) Earnings QualityThe market was pleased with the recent earnings report from FORTEC Elektronik AG ( ETR:FEV ), despite the profit...
Reported Earnings • Mar 29Second quarter 2026 earnings released: EPS: €0.074 (vs €0.15 in 2Q 2025)Second quarter 2026 results: EPS: €0.074 (down from €0.15 in 2Q 2025). Revenue: €18.7m (up 2.8% from 2Q 2025). Net income: €242.0k (down 51% from 2Q 2025). Profit margin: 1.3% (down from 2.7% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.
お知らせ • Jan 09+ 3 more updatesFORTEC Elektronik AG to Report Q1, 2027 Results on Nov 27, 2026FORTEC Elektronik AG announced that they will report Q1, 2027 results on Nov 27, 2026
Reported Earnings • Dec 01First quarter 2026 earnings released: €0.011 loss per share (vs €0.086 loss in 1Q 2025)First quarter 2026 results: €0.011 loss per share (improved from €0.086 loss in 1Q 2025). Revenue: €19.6m (up 12% from 1Q 2025). Net loss: €37.0k (loss narrowed 87% from 1Q 2025). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 40 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 29Third quarter 2025 earnings released: EPS: €0.23 (vs €0.22 in 3Q 2024)Third quarter 2025 results: EPS: €0.23 (up from €0.22 in 3Q 2024). Revenue: €23.6m (up 3.9% from 3Q 2024). Net income: €741.0k (up 4.7% from 3Q 2024). Profit margin: 3.1% (in line with 3Q 2024). Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.
お知らせ • Apr 25+ 1 more updateFORTEC Elektronik AG to Report Fiscal Year 2025 Results on Oct 30, 2025FORTEC Elektronik AG announced that they will report fiscal year 2025 results at 9:00 AM, Central European Standard Time on Oct 30, 2025
分析記事 • Apr 03Investors Can Find Comfort In FORTEC Elektronik's (ETR:FEV) Earnings QualityThe market was pleased with the recent earnings report from FORTEC Elektronik AG ( ETR:FEV ), despite the profit...
Reported Earnings • Mar 29Second quarter 2026 earnings released: EPS: €0.074 (vs €0.15 in 2Q 2025)Second quarter 2026 results: EPS: €0.074 (down from €0.15 in 2Q 2025). Revenue: €18.7m (up 2.8% from 2Q 2025). Net income: €242.0k (down 51% from 2Q 2025). Profit margin: 1.3% (down from 2.7% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.
Major Estimate Revision • Mar 26Consensus EPS estimates fall by 5,900%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from €80.3m to €77.7m. Losses expected to increase from €0.01 per share to €0.60. Electronic industry in Germany expected to see average net income decline 14% next year. Consensus price target down from €17.00 to €15.00. Share price fell 11% to €11.00 over the past week.
Major Estimate Revision • Mar 18Consensus EPS estimates have been downgraded.The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from €82.7m to €80.3m. Now expected to report a loss of €0.01 per share instead of €0.33 per share profit previously forecast. Electronic industry in Germany expected to see average net income growth of 31% next year. Consensus price target of €17.00 unchanged from last update. Share price fell 4.2% to €12.60 over the past week.
Buy Or Sell Opportunity • Feb 27Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 21% to €13.55. The fair value is estimated to be €11.20, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.2% over the last 3 years. Earnings per share has declined by 47%. Revenue is forecast to grow by 8.4% in 2 years. Earnings are forecast to grow by 128% in the next 2 years.
分析記事 • Feb 09FORTEC Elektronik's (ETR:FEV) Dividend Will Be Reduced To €0.40FORTEC Elektronik AG's ( ETR:FEV ) dividend is being reduced from last year's payment covering the same period to €0.40...
Upcoming Dividend • Feb 05Upcoming dividend of €0.40 per shareEligible shareholders must have bought the stock before 12 February 2026. Payment date: 16 February 2026. Payout ratio is on the higher end at 82%, and the cash payout ratio is above 100%. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (4.4%). Higher than average of industry peers (1.4%).
分析記事 • Jan 22FORTEC Elektronik AG's (ETR:FEV) P/E Is Still On The Mark Following 28% Share Price BounceFORTEC Elektronik AG ( ETR:FEV ) shares have had a really impressive month, gaining 28% after a shaky period...
Buy Or Sell Opportunity • Jan 19Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 5.4% to €13.65. The fair value is estimated to be €11.27, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.2% over the last 3 years. Earnings per share has declined by 47%. Revenue is forecast to grow by 8.4% in 2 years. Earnings are forecast to grow by 128% in the next 2 years.
Valuation Update With 7 Day Price Move • Jan 12Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €12.10, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 24x in the Electronic industry in Germany. Total loss to shareholders of 47% over the past three years.
分析記事 • Jan 09FORTEC Elektronik (ETR:FEV) Is Paying Out Less In Dividends Than Last YearFORTEC Elektronik AG ( ETR:FEV ) has announced that on 16th of February, it will be paying a dividend of€0.40, which a...
お知らせ • Jan 09+ 3 more updatesFORTEC Elektronik AG to Report Q1, 2027 Results on Nov 27, 2026FORTEC Elektronik AG announced that they will report Q1, 2027 results on Nov 27, 2026
分析記事 • Dec 19FORTEC Elektronik's (ETR:FEV) Shareholders Will Receive A Smaller Dividend Than Last YearFORTEC Elektronik AG's ( ETR:FEV ) dividend is being reduced from last year's payment covering the same period to €0.40...
お知らせ • Dec 19FORTEC Elektronik AG, Annual General Meeting, Feb 11, 2026FORTEC Elektronik AG, Annual General Meeting, Feb 11, 2026, at 10:00 W. Europe Standard Time.
分析記事 • Dec 01FORTEC Elektronik (ETR:FEV) Is Paying Out Less In Dividends Than Last YearFORTEC Elektronik AG ( ETR:FEV ) has announced that on 16th of February, it will be paying a dividend of€0.40, which a...
Reported Earnings • Dec 01First quarter 2026 earnings released: €0.011 loss per share (vs €0.086 loss in 1Q 2025)First quarter 2026 results: €0.011 loss per share (improved from €0.086 loss in 1Q 2025). Revenue: €19.6m (up 12% from 1Q 2025). Net loss: €37.0k (loss narrowed 87% from 1Q 2025). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 40 percentage points per year, which is a significant difference in performance.
お知らせ • Nov 29+ 2 more updatesFORTEC Elektronik AG Announces Stepping Down of Ulrich Ermel as Acting CEOFORTEC Elektronik AG announced that acting CEO, Ulrich Ermel, also announced that he would be stepping down for personal reasons by 30 June 2026.
Valuation Update With 7 Day Price Move • Nov 05Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €10.50, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 18x in the Electronic industry in Germany. Total loss to shareholders of 49% over the past three years.
お知らせ • Oct 23FORTEC Elektronik AG (XTRA:FEV) acquired remaining 63.30% stake in Advantec Electronics B.V.FORTEC Elektronik AG (XTRA:FEV) acquired remaining 63.30% stake in Advantec Electronics B.V. on October 21, 2025. With this step, FORTEC is expanding its presence in the Benelux market and merging Advantec’s activities with those of the recently acquired Nottrot B.V. Prior to the transaction, FORTEC already held a stake of around 36.7% in Advantec Electronics B.V. The Supervisory Board has initiated the process of appointing a new Management Board. Until a new Management Board is appointed – no later than 30 June 2026 – Mr. Ulrich Ermel will continue to manage the company’s affairs and, together with the Supervisory Board, ensure that the company remains capable of acting during the transition phase. FORTEC Elektronik AG (XTRA:FEV) completed the acquisition of remaining 63.30% stake in Advantec Electronics B.V. on October 21, 2025.
分析記事 • Oct 10FORTEC Elektronik AG's (ETR:FEV) Popularity With Investors Is Under Threat From OverpricingIt's not a stretch to say that FORTEC Elektronik AG's ( ETR:FEV ) price-to-earnings (or "P/E") ratio of 18.7x right now...
お知らせ • Oct 07+ 1 more updateFortec Elektronik Ag Announces Changes in the Management BoardThe Supervisory Board of FORTEC Elektronik AG resolved, for cause, to revoke the appointment of Ms. Sandra Maile as a member of the Management Board and to withdraw her designation as Chairwoman of the Management Board of the Company, each with immediate effect. Mr. Ulrich Ermel informed the Supervisory Board on September 30, 2025, that he will not be available for another term of office and intends to step down from the Management Board of FORTEC Elektronik AG no later than June 30, 2026. The Supervisory Board intends to reconstitute the Management Board in its entirety as of mid-next year and will conduct a structured process to appoint the new members of the Management Board.
お知らせ • Jul 11Fortec Elektronik Ag Revises Group Earnings Guidance for Year 2024-2025FORTEC Elektronik AG revised group earnings guidance for year 2024-2025. For the year company now expects Group EBIT of between EUR 1.0 million and EUR 2.0 million (previously: EUR 4.0 million to EUR 6.0 million).
Reported Earnings • May 29Third quarter 2025 earnings released: EPS: €0.23 (vs €0.22 in 3Q 2024)Third quarter 2025 results: EPS: €0.23 (up from €0.22 in 3Q 2024). Revenue: €23.6m (up 3.9% from 3Q 2024). Net income: €741.0k (up 4.7% from 3Q 2024). Profit margin: 3.1% (in line with 3Q 2024). Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.
お知らせ • Apr 25+ 1 more updateFORTEC Elektronik AG to Report Fiscal Year 2025 Results on Oct 30, 2025FORTEC Elektronik AG announced that they will report fiscal year 2025 results at 9:00 AM, Central European Standard Time on Oct 30, 2025
Major Estimate Revision • Apr 17Consensus EPS estimates fall by 24%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €82.2m to €80.3m. EPS estimate also fell from €0.94 per share to €0.71 per share. Net income forecast to grow 30% next year vs 20% growth forecast for Electronic industry in Germany. Consensus price target of €22.00 unchanged from last update. Share price was steady at €15.50 over the past week.
Reported Earnings • Mar 28Second quarter 2025 earnings released: EPS: €0.15 (vs €0.25 in 2Q 2024)Second quarter 2025 results: EPS: €0.15 (down from €0.25 in 2Q 2024). Revenue: €18.6m (down 8.6% from 2Q 2024). Net income: €497.0k (down 39% from 2Q 2024). Profit margin: 2.7% (down from 4.0% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Electronic 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 10% per year.
分析記事 • Feb 19One FORTEC Elektronik AG (ETR:FEV) Analyst Just Made A Major Cut To Next Year's EstimatesMarket forces rained on the parade of FORTEC Elektronik AG ( ETR:FEV ) shareholders today, when the covering analyst...
Major Estimate Revision • Feb 19Consensus revenue estimates fall by 14%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €95.9m to €82.2m. EPS estimate fell from €1.26 to €0.94 per share. Net income forecast to grow 25% next year vs 33% growth forecast for Electronic industry in Germany. Consensus price target down from €27.00 to €22.00. Share price was steady at €16.10 over the past week.
Price Target Changed • Feb 17Price target decreased by 21% to €22.00Down from €28.00, the current price target is provided by 1 analyst. New target price is 37% above last closing price of €16.10. Stock is down 34% over the past year. The company is forecast to post earnings per share of €0.94 for next year compared to €1.63 last year.
New Risk • Feb 07New 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 3.7% 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 Dividend is not well covered by earnings (105% payout ratio). Share price has been volatile over the past 3 months (3.7% average weekly change). Profit margins are more than 30% lower than last year (3.1% net profit margin). Market cap is less than US$100m (€64.4m market cap, or US$66.8m).
Upcoming Dividend • Feb 07Upcoming dividend of €0.85 per shareEligible shareholders must have bought the stock before 14 February 2025. Payment date: 18 February 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 5.6%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (2.0%).
お知らせ • Dec 18FORTEC Elektronik AG, Annual General Meeting, Feb 13, 2025FORTEC Elektronik AG, Annual General Meeting, Feb 13, 2025, at 10:00 W. Europe Standard Time.
Major Estimate Revision • Dec 06Consensus EPS estimates fall by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €97.0m to €95.9m. EPS estimate also fell from €1.43 per share to €1.26 per share. Net income forecast to grow 73% next year vs 73% growth forecast for Electronic industry in Germany. Consensus price target of €27.00 unchanged from last update. Share price rose 5.3% to €19.70 over the past week.
New Risk • Dec 03New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.1% Last year net profit margin: 7.5% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (105% payout ratio). Profit margins are more than 30% lower than last year (3.1% net profit margin). Market cap is less than US$100m (€60.1m market cap, or US$63.3m).
Reported Earnings • Dec 03First quarter 2025 earnings released: €0.086 loss per share (vs €0.74 profit in 1Q 2024)First quarter 2025 results: €0.086 loss per share (down from €0.74 profit in 1Q 2024). Revenue: €17.5m (down 34% from 1Q 2024). Net loss: €279.0k (down 112% from profit in 1Q 2024). Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 2% per year.
分析記事 • Nov 05FORTEC Elektronik's (ETR:FEV) Soft Earnings Don't Show The Whole PictureFORTEC Elektronik AG's ( ETR:FEV ) stock was strong despite it releasing a soft earnings report last week. We think...
Major Estimate Revision • Nov 05Consensus EPS estimates increase by 38%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from €90.2m to €97.0m. EPS estimate increased from €1.04 to €1.43 per share. Net income forecast to shrink 11% next year vs 32% growth forecast for Electronic industry in Germany . Consensus price target of €27.00 unchanged from last update. Share price rose 8.4% to €19.40 over the past week.
Reported Earnings • Nov 01Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: €1.63 (down from €2.32 in FY 2023). Revenue: €95.7m (down 9.6% from FY 2023). Net income: €5.30m (down 30% from FY 2023). Profit margin: 5.5% (down from 7.1% in FY 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.0%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
お知らせ • Sep 27+ 3 more updatesFORTEC Elektronik AG to Report Q3, 2025 Results on May 28, 2025FORTEC Elektronik AG announced that they will report Q3, 2025 results on May 28, 2025
New Risk • Sep 03New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.2% 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 2.2% per year for the foreseeable future. Minor Risk Market cap is less than US$100m (€60.5m market cap, or US$66.7m).
Price Target Changed • Aug 20Price target decreased by 15% to €28.00Down from €33.00, the current price target is provided by 1 analyst. New target price is 53% above last closing price of €18.30. Stock is down 33% over the past year. The company is forecast to post earnings per share of €1.53 for next year compared to €2.32 last year.
Buy Or Sell Opportunity • Jul 16Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 11% to €20.40. The fair value is estimated to be €25.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to grow by 7.4% in 2 years. Earnings are forecast to grow by 23% in the next 2 years.
Buy Or Sell Opportunity • Jun 10Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 7.6% to €20.80. The fair value is estimated to be €26.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to grow by 7.4% in 2 years. Earnings are forecast to grow by 23% in the next 2 years.
分析記事 • May 25FORTEC Elektronik (ETR:FEV) Seems To Use Debt Rather SparinglyLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Major Estimate Revision • May 24Consensus revenue estimates fall by 12%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €105.9m to €93.0m. EPS estimate fell from €2.10 to €1.66 per share. Net income forecast to shrink 23% next year vs 34% growth forecast for Electronic industry in Germany . Consensus price target down from €33.00 to €31.00. Share price fell 7.9% to €21.00 over the past week.
お知らせ • May 24FORTEC Elektronik AG to Report Q3, 2024 Results on May 29, 2024FORTEC Elektronik AG announced that they will report Q3, 2024 results on May 29, 2024
Price Target Changed • May 24Price target decreased by 8.8% to €31.00Down from €34.00, the current price target is provided by 1 analyst. New target price is 48% above last closing price of €21.00. Stock is down 25% over the past year. The company is forecast to post earnings per share of €1.66 for next year compared to €2.32 last year.
New Risk • May 23New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.3% 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 0.3% per year for the foreseeable future. Minor Risk Market cap is less than US$100m (€66.3m market cap, or US$71.9m).
Major Estimate Revision • Apr 05Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €109.0m to €105.9m. EPS estimate also fell from €2.42 per share to €2.10 per share. Net income forecast to shrink 4.4% next year vs 16% growth forecast for Electronic industry in Germany . Consensus price target down from €34.00 to €33.00. Share price fell 2.4% to €24.20 over the past week.
分析記事 • Apr 04Solid Earnings Reflect FORTEC Elektronik's (ETR:FEV) Strength As A BusinessWhen companies post strong earnings, the stock generally performs well, just like FORTEC Elektronik AG's ( ETR:FEV...
Reported Earnings • Mar 28Second quarter 2024 earnings released: EPS: €0.25 (vs €0.45 in 2Q 2023)Second quarter 2024 results: EPS: €0.25 (down from €0.45 in 2Q 2023). Revenue: €20.7m (down 15% from 2Q 2023). Net income: €812.0k (down 44% from 2Q 2023). Profit margin: 3.9% (down from 5.9% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
お知らせ • Mar 23FORTEC Elektronik AG to Report Q2, 2024 Results on Mar 27, 2024FORTEC Elektronik AG announced that they will report Q2, 2024 results on Mar 27, 2024
Upcoming Dividend • Feb 01Upcoming dividend of €0.85 per share at 3.3% yieldEligible shareholders must have bought the stock before 08 February 2024. Payment date: 12 February 2024. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (1.5%).
分析記事 • Jan 06Is FORTEC Elektronik (ETR:FEV) Using Too Much Debt?David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Reported Earnings • Nov 30First quarter 2024 earnings released: EPS: €0.74 (vs €0.60 in 1Q 2023)First quarter 2024 results: EPS: €0.74 (up from €0.60 in 1Q 2023). Revenue: €27.1m (up 8.6% from 1Q 2023). Net income: €2.40m (up 24% from 1Q 2023). Profit margin: 8.9% (up from 7.8% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Oct 28Full year 2023 earnings: Revenues and EPS in line with analyst expectationsFull year 2023 results: EPS: €2.32 (up from €1.92 in FY 2022). Revenue: €108.4m (up 22% from FY 2022). Net income: €7.55m (up 21% from FY 2022). Profit margin: 7.0% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
お知らせ • Oct 28FORTEC Elektronik AG, Annual General Meeting, Feb 07, 2024FORTEC Elektronik AG, Annual General Meeting, Feb 07, 2024. Agenda: To consider distributing a dividend of EUR 0.85 per share from the retained earnings of the company as at 30 June 2023.
お知らせ • Oct 24FORTEC Elektronik AG to Report Fiscal Year 2023 Results on Oct 26, 2023FORTEC Elektronik AG announced that they will report fiscal year 2023 results on Oct 26, 2023
Buying Opportunity • Aug 03Now 20% undervaluedOver the last 90 days, the stock is up 24%. The fair value is estimated to be €35.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.8% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to grow by 15% in 2 years. Earnings is forecast to grow by 14% in the next 2 years.
Buying Opportunity • Jul 11Now 20% undervaluedOver the last 90 days, the stock is up 23%. The fair value is estimated to be €35.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.8% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to grow by 15% in 2 years. Earnings is forecast to grow by 14% in the next 2 years.
Reported Earnings • May 28Third quarter 2023 earnings released: EPS: €0.83 (vs €0.45 in 3Q 2022)Third quarter 2023 results: EPS: €0.83 (up from €0.45 in 3Q 2022). Revenue: €31.2m (up 31% from 3Q 2022). Net income: €2.70m (up 84% from 3Q 2022). Profit margin: 8.7% (up from 6.2% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 14% per year.
Buying Opportunity • May 19Now 22% undervaluedOver the last 90 days, the stock is up 7.3%. The fair value is estimated to be €35.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 11% in 2 years. Earnings is forecast to grow by 9.0% in the next 2 years.
お知らせ • May 09FORTEC Elektronik AG to Report Q3, 2023 Results on May 25, 2023FORTEC Elektronik AG announced that they will report Q3, 2023 results on May 25, 2023
Buying Opportunity • Apr 12Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 9.4%. The fair value is estimated to be €28.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 11% in 2 years. Earnings is forecast to grow by 9.0% in the next 2 years.
Reported Earnings • Mar 31Second quarter 2023 earnings released: EPS: €0.45 (vs €0.45 in 2Q 2022)Second quarter 2023 results: EPS: €0.45 (down from €0.45 in 2Q 2022). Revenue: €25.3m (up 21% from 2Q 2022). Net income: €1.45m (flat on 2Q 2022). Profit margin: 5.7% (down from 7.0% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Feb 09Upcoming dividend of €0.70 per share at 2.7% yieldEligible shareholders must have bought the stock before 16 February 2023. Payment date: 20 February 2023. Payout ratio is a comfortable 35% but the company is paying out more than the cash it is generating. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.0%).
Valuation Update With 7 Day Price Move • Jan 06Investor sentiment improved over the past weekAfter last week's 15% share price gain to €26.00, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 18x in the Electronic industry in Germany. Total returns to shareholders of 40% over the past three years.
Reported Earnings • Nov 27First quarter 2023 earnings released: EPS: €0.60 (vs €0.53 in 1Q 2022)First quarter 2023 results: EPS: €0.60 (up from €0.53 in 1Q 2022). Revenue: €25.8m (up 22% from 1Q 2022). Net income: €1.94m (up 14% from 1Q 2022). Profit margin: 7.5% (down from 8.1% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 10% per year.
分析記事 • Nov 17Should You Think About Buying FORTEC Elektronik AG (ETR:FEV) Now?FORTEC Elektronik AG ( ETR:FEV ), might not be a large cap stock, but it received a lot of attention from a substantial...
Price Target Changed • Nov 16Price target increased to €31.00Up from €28.00, the current price target is provided by 1 analyst. New target price is 19% above last closing price of €26.00. Stock is up 35% over the past year. The company is forecast to post earnings per share of €1.93 for next year compared to €1.92 last year.
お知らせ • Nov 11FORTEC Elektronik AG Announces Board ChangesFORTEC Elektronik AG has completed the succession process for Mr. Bernhard Staller (62) who will retire on 30th June 2023 for age reasons. The Supervisory Board has appointed Ulrich Ermel (38) to the Management Board (COO) as of 1st March 2023 for a duration of 3 years. The qualified electrical engineer (FH) and chartered engineer has previously worked in various management functions in the electrical industry in Germany and as a consultant abroad. Ulrich Ermel has a wide range of management competence, leadership qualities and proven expertise in the Power Supply and Embedded sectors. He is currently Vice President of B2B Sales for the European region at a leading distributor of electronics. After Bernhard Staller sold his profitable companies to FORTEC, he joined the Management Board and took on responsibility for the Display Technology & Embedded sectors in 2017. As COO, he was responsible for a wide range of competencies from distribution and production to developing complete solutions. Since July 2020, the qualified engineer's Management Board responsibilities have also included the successful distribution of power supplies. In order to guarantee a smooth transition, Bernhard Staller will remain in the company initially following the arrival of Ulrich Ermel. After handing over the business to Ulrich Ermel, Bernhard Staller will leave the Management Board on 30th June 2023 at the latest. The FORTEC Elektronik AG Management Board will therefore comprise Sandra Maile, Chair of the Management Board along with Bernhard Staller and Ulrich Ermel, Members of the Management Board as of 1st March 2023.
Valuation Update With 7 Day Price Move • Oct 28Investor sentiment improved over the past weekAfter last week's 15% share price gain to €24.40, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 17x in the Electronic industry in Germany. Total returns to shareholders of 30% over the past three years.
Valuation Update With 7 Day Price Move • Sep 28Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to €19.50, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Electronic industry in Germany. Total returns to shareholders of 2.7% over the past three years.
お知らせ • Aug 24FORTEC Elektronik AG to Report Fiscal Year 2022 Results on Oct 28, 2022FORTEC Elektronik AG announced that they will report fiscal year 2022 results at 12:00 PM, Central European Standard Time on Oct 28, 2022
お知らせ • Jul 01FORTEC Elektronik AG Revises Earnings Guidance for the Financial Year 2021/2022FORTEC Elektronik AG revised earnings guidance for the financial year 2021/2022. The company substantiated its revenue forecast for the current financial year 2021/2022 (30 June), raising its operating earnings (EBIT) forecast once again. The Executive Board has firmed up the 2021/2022 forecast for Group turnover with a figure of between EUR 85 million and EUR 90 million (previously: growth of up to 15% compared to the previous year's figure of EUR 77.4 million) and has now raised the operating earnings (EBIT) forecast to between EUR 8.0 million and EUR 8.7 million (previously: an increase of up to 20% compared to the previous year's figure of EUR 5.3 million).
Major Estimate Revision • Jun 01Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from €1.42 to €1.60. Revenue forecast unchanged at €88.5m. Net income forecast to shrink 20% next year vs 8.6% growth forecast for Electronic industry in Germany . Consensus price target of €27.00 unchanged from last update. Share price rose 3.5% to €23.40 over the past week.
Reported Earnings • May 26Third quarter 2022 earnings: Revenues in line with analyst expectationsThird quarter 2022 results: Revenue: €25.4m (up 26% from 3Q 2021). Net income: €1.47m (up 23% from 3Q 2021). Profit margin: 5.8% (in line with 3Q 2021). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 5.7%, compared to a 19% growth forecast for the industry in Germany.
お知らせ • May 26FORTEC Elektronik AG Affirms Earnings Guidance for the Financial Year 2021/2022FORTEC Elektronik AG affirmed earnings guidance for the financial year 2021/2022. The Management Board now affirms its forecast for the 2021/2022 financial year and continues to expect Group turnover to grow by up to 15% and Group EBIT to increase by up to 20%.
Price Target Changed • Apr 27Price target increased to €27.00Up from €25.00, the current price target is provided by 1 analyst. New target price is 29% above last closing price of €21.00. Stock is up 17% over the past year. The company is forecast to post earnings per share of €1.42 for next year compared to €1.19 last year.
Buying Opportunity • Apr 22Now 20% undervaluedOver the last 90 days, the stock is up 2.9%. The fair value is estimated to be €26.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.6% over the last 3 years. Earnings per share has declined by 5.7%. Revenue is forecast to grow by 16% in 2 years. Earnings is forecast to decline by 7.3% in the next 2 years.
分析記事 • Apr 13FORTEC Elektronik's (ETR:FEV) Returns Have Hit A WallIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Typically, we'll...
Price Target Changed • Apr 07Price target increased to €27.00Up from €25.00, the current price target is provided by 1 analyst. New target price is 24% above last closing price of €21.80. Stock is up 17% over the past year. The company is forecast to post earnings per share of €1.42 for next year compared to €1.19 last year.
Reported Earnings • Apr 01Second quarter 2022 earnings: EPS misses analyst expectationsSecond quarter 2022 results: EPS: €0.45 (up from €0.11 in 2Q 2021). Revenue: €21.6m (up 25% from 2Q 2021). Net income: €1.47m (up 302% from 2Q 2021). Profit margin: 6.8% (up from 2.1% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.0%. Over the next year, revenue is forecast to grow 7.1%, compared to a 28% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
分析記事 • Mar 10These 4 Measures Indicate That FORTEC Elektronik (ETR:FEV) Is Using Debt SafelyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Valuation Update With 7 Day Price Move • Mar 07Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to €19.10, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 18x in the Electronic industry in Germany. Total returns to shareholders of 2.1% over the past three years.
お知らせ • Feb 26FORTEC Elektronik AG Approves Dividend Recommendation for the Financial Year 2020-2021Shareholders of FORTEC Elektronik AG approved dividend recommendation of EUR 0.60 per share for the financial year 2020-2021.
Upcoming Dividend • Feb 18Upcoming dividend of €0.60 per shareEligible shareholders must have bought the stock before 25 February 2022. Payment date: 01 March 2022. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (3.3%). Higher than average of industry peers (0.7%).
Major Estimate Revision • Feb 16Consensus EPS estimates increase by 15%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from €86.2m to €88.5m. EPS estimate increased from €1.23 to €1.42 per share. Net income forecast to grow 0.7% next year vs 16% growth forecast for Electronic industry in Germany. Consensus price target up from €25.00 to €26.00. Share price rose 5.7% to €22.40 over the past week.
Reported Earnings • Oct 30Full year 2021 earnings released: EPS €1.19 (vs €1.47 in FY 2020)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: €79.5m (down 9.4% from FY 2020). Net income: €3.88m (down 19% from FY 2020). Profit margin: 4.9% (down from 5.4% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.