Major Estimate Revision • Jul 30
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from €754.5m to €743.0m. EPS estimate also fell from €0.34 per share to €0.30 per share. Net income forecast to shrink 4.2% next year vs 5.8% growth forecast for Transportation industry in Germany . Consensus price target down from €13.75 to €13.25. Share price rose 3.0% to €13.70 over the past week. Price Target Changed • Jul 29
Price target decreased to €13.25 Down from €14.25, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of €13.70. Stock is down 21% over the past year. The company is forecast to post earnings per share of €0.34 for next year compared to €0.28 last year. Upcoming Dividend • Jun 23
Upcoming dividend of €0.06 per share Eligible shareholders must have bought the stock before 30 June 2022. Payment date: 04 July 2022. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (4.9%). Reported Earnings • May 01
Full year 2021 earnings: EPS exceeds analyst expectations Full year 2021 results: EPS: €0.28 (up from €0.10 in FY 2020). Revenue: €748.5m (flat on FY 2020). Net income: €5.84m (up 169% from FY 2020). Profit margin: 0.8% (up from 0.3% in FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 25%. Over the next year, revenue is forecast to grow 1.9%, compared to a 13% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Price Target Changed • Apr 27
Price target decreased to €14.25 Down from €15.50, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of €14.50. Stock is down 9.8% over the past year. The company is forecast to post earnings per share of €0.22 for next year compared to €0.11 last year. Price Target Changed • Dec 10
Price target decreased to €14.25 Down from €15.50, the current price target is an average from 2 analysts. New target price is 11% below last closing price of €16.00. Stock is up 3.9% over the past year. The company is forecast to post earnings per share of €0.21 for next year compared to €0.11 last year. Major Estimate Revision • Dec 10
Consensus EPS estimates fall to €0.21 The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from €762.8m to €715.8m. EPS estimate also fell from €0.29 to €0.21. Net income forecast to grow 247% next year vs 9.5% growth forecast for Transportation industry in Germany. Consensus price target down from €15.50 to €14.25. Share price fell 3.0% to €16.00 over the past week. Reported Earnings • Nov 18
Third quarter 2021 earnings released: EPS €0.07 (vs €0.08 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: €198.6m (up 1.8% from 3Q 2020). Net income: €1.54m (down 8.1% from 3Q 2020). Profit margin: 0.8% (down from 0.9% in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Executive Departure • Sep 07
CFO & Member of Management Board Björn Waldow has left the company On the 1st of September, Björn Waldow's tenure as CFO & Member of Management Board ended after 6.4 years in the role. We don't have any record of a personal shareholding under Björn's name. A total of 2 executives have left over the last 12 months. Reported Earnings • Aug 26
Second quarter 2021 earnings released: EPS €0.06 (vs €0.098 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €182.7m (up 6.9% from 2Q 2020). Net income: €1.27m (up €3.29m from 2Q 2020). Profit margin: 0.7% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Executive Departure • Jul 01
Chairman of the Managing Board & CEO Michael Ruhl has left the company On the 30th of June, Michael Ruhl's tenure as Chairman of the Managing Board & CEO of the company ended after 2.5 years in the role. We don't have any record of a personal shareholding under Michael's name. A total of 3 executives have left over the last 12 months. Under Michael's leadership, the company delivered a total shareholder return of 53%. Upcoming Dividend • Jun 23
Upcoming dividend of €0.02 per share Eligible shareholders must have bought the stock before 30 June 2021. Payment date: 02 July 2021. Trailing yield: 0.1%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (5.6%). Price Target Changed • Jun 22
Price target decreased to €15.25 Down from €17.00, the current price target is an average from 2 analysts. New target price is 11% below last closing price of €17.10. Stock is down 0.6% over the past year. Reported Earnings • May 21
First quarter 2021 earnings released: EPS €0.03 (vs €0.18 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: €189.9m (down 4.7% from 1Q 2020). Net income: €602.0k (down 84% from 1Q 2020). Profit margin: 0.3% (down from 1.9% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Reported Earnings • May 03
Full year 2020 earnings released: EPS €0.10 (vs €1.04 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €751.1m (down 9.3% from FY 2019). Net income: €2.17m (down 90% from FY 2019). Profit margin: 0.3% (down from 2.6% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 25
New 90-day high: €16.38 The company is up 8.0% from its price of €15.20 on 26 November 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Transportation industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €18.16 per share. Is New 90 Day High Low • Feb 06
New 90-day high: €16.20 The company is up 8.0% from its price of €15.02 on 06 November 2020. The German market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Transportation industry, which is up 29% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €18.16 per share. Reported Earnings • Nov 12
Third quarter 2020 earnings released: EPS €0.08 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: €197.2m (down 3.8% from 3Q 2019). Net income: €1.68m (down 71% from 3Q 2019). Profit margin: 0.9% (down from 2.8% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Nov 12
Revenue beats expectations Revenue exceeded analyst estimates by 18%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 4.1% compared to a 7.9% decline forecast for the Transportation industry in Germany. Major Estimate Revision • Oct 24
Analysts lower EPS estimates to €0.34 The 2020 consensus revenue estimate was lowered from €784.7m to €759.2m. Earning per share (EPS) estimate was also lowered from €0.40 to €0.34 for the same period. Net income is expected to grow by 11% next year compared to 7.9% decline forecast for the Transportation industry in Germany. The consensus price target of €18.00 was unchanged from the last update. Share price is down by 3.1% to €15.50 over the past week. Is New 90 Day High Low • Sep 28
New 90-day low: €16.48 The company is down 2.0% from its price of €16.84 on 30 June 2020. The German market is up 1.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Transportation industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.46 per share.