Traton（18TRA）株式概要トラトンSEは、その子会社とともに、ドイツ、その他の欧州地域、米国、その他の北米地域、ブラジル、その他の南米地域、および国際的に商用車を製造・販売している。 詳細18TRA ファンダメンタル分析スノーフレーク・スコア評価5/6将来の成長3/6過去の実績1/6財務の健全性1/6配当金2/6報酬当社が推定した公正価値より48.3%で取引されている 収益は年間23.11%増加すると予測されています 同業他社や業界と比較して、良好な取引価格 リスク分析負債は営業キャッシュフローで十分にカバーされていない 財務結果に影響を与える大きな一時的項目 2.6%の配当はフリーキャッシュフローで十分にカバーされていない Italian市場と比較した過去 3 か月間の株価の変動+1 さらなるリスクすべてのリスクチェックを見る18TRA Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW486,402 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINROAG486,402 investors already sharing narrativesYour Fair Value€Current Price€35.4831.2% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-68m56b2016201920222025202620282031Revenue €56.2bEarnings €1.7bAdvancedSet Fair ValueView all narrativesTraton SE 競合他社Iveco GroupSymbol: BIT:IVGMarket cap: €3.7bFincantieriSymbol: BIT:FCTMarket cap: €4.5bDanieli & C. Officine MeccanicheSymbol: BIT:DANMarket cap: €4.2bLeonardoSymbol: BIT:LDOMarket cap: €28.6b価格と性能株価の高値、安値、推移の概要Traton過去の株価現在の株価€35.4852週高値€35.4052週安値€26.42ベータ1.351ヶ月の変化3.74%3ヶ月変化8.63%1年変化20.11%3年間の変化85.18%5年間の変化35.94%IPOからの変化96.41%最新ニュースNew Risk • Jun 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (2.7% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.0% net profit margin).お知らせ • Jun 19Traton Se Approves Dividend for 2025TRATON Annual General Meeting approved all items on this year’s Annual General Meeting agenda by a large majority. They resolved on a dividend payout for financial year 2025 of €0.93 per share, compared to last year’s figure of €1.70, reflecting lower earnings, while continuing to follow a balanced and responsible capital allocation approach.Upcoming Dividend • Jun 10Upcoming dividend of €0.93 per shareEligible shareholders must have bought the stock before 17 June 2026. Payment date: 19 June 2026. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of Italian dividend payers (4.8%). Higher than average of industry peers (1.0%).New Risk • May 05New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 24% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (2.7% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.0% net profit margin).Reported Earnings • Apr 30First quarter 2026 earnings released: EPS: €0.45 (vs €0.93 in 1Q 2025)First quarter 2026 results: EPS: €0.45 (down from €0.93 in 1Q 2025). Revenue: €10.2b (down 3.5% from 1Q 2025). Net income: €225.0m (down 52% from 1Q 2025). Profit margin: 2.2% (down from 4.4% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Machinery industry in Italy. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.お知らせ • Apr 30+ 1 more updateTraton SE announces Annual dividend, payable on June 19, 2026Traton SE announced Annual dividend of EUR 0.9300 per share payable on June 19, 2026, ex-date on June 17, 2026 and record date on June 18, 2026.最新情報をもっと見るRecent updatesNew Risk • Jun 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (2.7% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.0% net profit margin).お知らせ • Jun 19Traton Se Approves Dividend for 2025TRATON Annual General Meeting approved all items on this year’s Annual General Meeting agenda by a large majority. They resolved on a dividend payout for financial year 2025 of €0.93 per share, compared to last year’s figure of €1.70, reflecting lower earnings, while continuing to follow a balanced and responsible capital allocation approach.Upcoming Dividend • Jun 10Upcoming dividend of €0.93 per shareEligible shareholders must have bought the stock before 17 June 2026. Payment date: 19 June 2026. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of Italian dividend payers (4.8%). Higher than average of industry peers (1.0%).New Risk • May 05New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 24% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (2.7% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.0% net profit margin).Reported Earnings • Apr 30First quarter 2026 earnings released: EPS: €0.45 (vs €0.93 in 1Q 2025)First quarter 2026 results: EPS: €0.45 (down from €0.93 in 1Q 2025). Revenue: €10.2b (down 3.5% from 1Q 2025). Net income: €225.0m (down 52% from 1Q 2025). Profit margin: 2.2% (down from 4.4% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Machinery industry in Italy. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.お知らせ • Apr 30+ 1 more updateTraton SE announces Annual dividend, payable on June 19, 2026Traton SE announced Annual dividend of EUR 0.9300 per share payable on June 19, 2026, ex-date on June 17, 2026 and record date on June 18, 2026.お知らせ • Apr 02TRATON GROUP and Applied Intuition Announces TRATON ONE OS, a Unified Software Platform for Improved Fleet Uptime Across TRATON's Four Global BrandsThe TRATON GROUP and Applied Intuition, Inc. announced TRATON ONE OS, a next-generation software-defined vehicle platform that will power all new vehicles across TRATON's four brands: Scania, MAN, International and Volkswagen Truck & Bus. Building on more than a year of co-development, the two companies are deploying a single unified platform that's at the forefront of innovation to deliver benefits to customers: Prevent costly downtime: The system's unified data access is designed to enable predictive maintenance capabilities that allow fleet operators to identify and address potential mechanical issues before they lead to breakdowns, service recalls or unplanned downtime. Future-proof fleets: Customers will be able to receive new applications, features and full-cabin user-interface upgrades via over-the-air software updates, eliminating many workshop visits and allowing vehicles to improve throughout their operational life. Unlock the autonomous future: The platform's adaptive middleware is designed to serve as a foundation for autonomous driving systems, enabling TRATON to layer autonomous capabilities onto the same architecture over time. Designed to bring the speed, flexibility and continuous update cycles of modern software development to the commercial vehicle industry, TRATON ONE OS will operate on all high-performance computers (HPCs) in TRATON's new vehicle architecture. The platform supports multiple hardware chipsets and global regulatory environments while giving TRATON teams a common foundation to build on — all without compromising each brand's distinct customer experience. Testing of the first integrated ECU hardware will begin in April 2026, with rollout across new trucks targeted for 2028. The platform is being co-developed as a white-box modular architecture that combines TRATON's internal development with Applied Intuition's Vehicle OS for trucking, as well as trusted third-party and open-source components. This modular approach allows TRATON to replace or consolidate compute units over time without fragmenting the software stack or rewriting the platform or applications, supporting the company's long-term ambition to move toward fewer, more powerful high-performance computers.Reported Earnings • Mar 05Full year 2025 earnings released: EPS: €3.09 (vs €5.61 in FY 2024)Full year 2025 results: EPS: €3.09 (down from €5.61 in FY 2024). Revenue: €44.1b (down 7.2% from FY 2024). Net income: €1.55b (down 45% from FY 2024). Profit margin: 3.5% (down from 5.9% in FY 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Machinery industry in Italy. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth.Buy Or Sell Opportunity • Feb 12Now 21% undervaluedOver the last 90 days, the stock has risen 26% to €36.08. The fair value is estimated to be €45.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.6% over the last 3 years. Earnings per share has grown by 24%. For the next 3 years, revenue is forecast to grow by 3.1% per annum. Earnings are also forecast to grow by 19% per annum over the same time period.お知らせ • Jan 30Traton SE to Report Nine Months, 2026 Results on Oct 28, 2026Traton SE announced that they will report nine months, 2026 results on Oct 28, 2026お知らせ • Jan 29Traton SE to Report Q2, 2026 Results on Jul 23, 2026Traton SE announced that they will report Q2, 2026 results on Jul 23, 2026Reported Earnings • Oct 30Third quarter 2025 earnings released: EPS: €0.65 (vs €1.45 in 3Q 2024)Third quarter 2025 results: EPS: €0.65 (down from €1.45 in 3Q 2024). Revenue: €10.4b (down 12% from 3Q 2024). Net income: €324.0m (down 55% from 3Q 2024). Profit margin: 3.1% (down from 6.1% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Machinery industry in Italy. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 29% per year.Reported Earnings • Jul 27Second quarter 2025 earnings released: EPS: €0.49 (vs €1.17 in 2Q 2024)Second quarter 2025 results: EPS: €0.49 (down from €1.17 in 2Q 2024). Revenue: €11.3b (down 2.5% from 2Q 2024). Net income: €246.0m (down 58% from 2Q 2024). Profit margin: 2.2% (down from 5.0% in 2Q 2024). Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Machinery industry in Italy. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.お知らせ • Jul 25Traton SE Updates Earnings Guidance for the Full Year 2025Traton SE updated earnings guidance for the full year 2025. For the period, the company now expects a range of negative 10% to 0% (previously negative 5% to positive 5%) for unit sales and sales revenue.Upcoming Dividend • May 08Upcoming dividend of €1.70 per shareEligible shareholders must have bought the stock before 15 May 2025. Payment date: 19 May 2025. Payout ratio is a comfortable 34% but the company is not cash flow positive. Trailing yield: 6.0%. Within top quartile of Italian dividend payers (5.6%). Higher than average of industry peers (1.8%).Reported Earnings • Apr 29First quarter 2025 earnings releasedFirst quarter 2025 results: Revenue: €10.6b (down 10% from 1Q 2024). Net income: €466.0m (down 38% from 1Q 2024). Profit margin: 4.4% (down from 6.4% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Italy. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to €25.52, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 11x in the Machinery industry in Italy. Total returns to shareholders of 90% over the past three years.お知らせ • Mar 28Traton SE, Annual General Meeting, May 14, 2025Traton SE, Annual General Meeting, May 14, 2025, at 10:00 W. Europe Standard Time.株主還元18TRAIT MachineryIT 市場7D4.0%3.7%0.6%1Y20.1%4.6%25.4%株主還元を見る業界別リターン: 18TRA過去 1 年間で4.6 % の収益を上げたItalian Machinery業界を上回りました。リターン対市場: 18TRAは、過去 1 年間で25.4 % のリターンを上げたItalian市場を下回りました。価格変動Is 18TRA's price volatile compared to industry and market?18TRA volatility18TRA Average Weekly Movement6.0%Machinery Industry Average Movement5.3%Market Average Movement4.6%10% most volatile stocks in IT Market8.1%10% least volatile stocks in IT Market2.9%安定した株価: 18TRAの株価は、 Italian市場と比較して過去 3 か月間で変動しています。時間の経過による変動: 18TRAの weekly volatility ( 6% ) は過去 1 年間安定していますが、依然としてItalianの株式の 75% よりも高くなっています。会社概要設立従業員CEO（最高経営責任者ウェブサイト2015107,517Christian Levintraton.comトラトンSEは、その子会社とともに、ドイツ、その他の欧州、米国、その他の北米、ブラジル、その他の南米、および国際的に商用車を製造・販売している。Scania Vehicles and Services、MAN Truck & Bus、International Motors、Volkswagen Truck & Bus、TRATON Financial Servicesの各セグメントを通じて事業を展開している。同社は、大型トラック、小型商用オプションおよび耐久性のある建設車両、IC Busブランドのスクールバス、商用バス、バン、トラック、バス、ディーゼルおよびガスエンジン、ならびに旅客および貨物輸送のためのサービスを提供している。また、RIOブランドの輸送・物流業界向けクラウドベースプラットフォーム、アフターサービス、カスタムデジタルソリューションを提供し、商用車向け充電ステーションも運営している。同社はMAN、スカニア、インターナショナル、フォルクスワーゲン・トラック＆バスのブランドで製品とサービスを提供している。また、商用車の融資、保険、リースも行っている。同社は2015年に設立され、ドイツのミュンヘンに本社を置いている。トラトンSEはフォルクスワーゲン・インターナショナル・ルクセンブルクS A.の子会社である。もっと見るTraton SE 基礎のまとめTraton の収益と売上を時価総額と比較するとどうか。18TRA 基礎統計学時価総額€17.91b収益（TTM）€1.31b売上高(TTM)€43.68b13.7xPER（株価収益率0.4xP/Sレシオ18TRA は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計18TRA 損益計算書（TTM）収益€43.68b売上原価€34.40b売上総利益€7.38bその他の費用€6.08b収益€1.31b直近の収益報告Mar 31, 2026次回決算日Jul 23, 2026一株当たり利益（EPS）2.61グロス・マージン16.90%純利益率2.99%有利子負債／自己資本比率143.7%18TRA の長期的なパフォーマンスは？過去の実績と比較を見る配当金2.6%現在の配当利回り36%配当性向View Valuation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2026/07/16 17:26終値2026/07/16 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこの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、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。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Traton SE 18 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。28 アナリスト機関Kai MuellerBarclaysErwann DagorneBarclaysHarry MartinBernstein25 その他のアナリストを表示
New Risk • Jun 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (2.7% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.0% net profit margin).
お知らせ • Jun 19Traton Se Approves Dividend for 2025TRATON Annual General Meeting approved all items on this year’s Annual General Meeting agenda by a large majority. They resolved on a dividend payout for financial year 2025 of €0.93 per share, compared to last year’s figure of €1.70, reflecting lower earnings, while continuing to follow a balanced and responsible capital allocation approach.
Upcoming Dividend • Jun 10Upcoming dividend of €0.93 per shareEligible shareholders must have bought the stock before 17 June 2026. Payment date: 19 June 2026. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of Italian dividend payers (4.8%). Higher than average of industry peers (1.0%).
New Risk • May 05New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 24% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (2.7% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.0% net profit margin).
Reported Earnings • Apr 30First quarter 2026 earnings released: EPS: €0.45 (vs €0.93 in 1Q 2025)First quarter 2026 results: EPS: €0.45 (down from €0.93 in 1Q 2025). Revenue: €10.2b (down 3.5% from 1Q 2025). Net income: €225.0m (down 52% from 1Q 2025). Profit margin: 2.2% (down from 4.4% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Machinery industry in Italy. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.
お知らせ • Apr 30+ 1 more updateTraton SE announces Annual dividend, payable on June 19, 2026Traton SE announced Annual dividend of EUR 0.9300 per share payable on June 19, 2026, ex-date on June 17, 2026 and record date on June 18, 2026.
New Risk • Jun 30New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (2.7% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.0% net profit margin).
お知らせ • Jun 19Traton Se Approves Dividend for 2025TRATON Annual General Meeting approved all items on this year’s Annual General Meeting agenda by a large majority. They resolved on a dividend payout for financial year 2025 of €0.93 per share, compared to last year’s figure of €1.70, reflecting lower earnings, while continuing to follow a balanced and responsible capital allocation approach.
Upcoming Dividend • Jun 10Upcoming dividend of €0.93 per shareEligible shareholders must have bought the stock before 17 June 2026. Payment date: 19 June 2026. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of Italian dividend payers (4.8%). Higher than average of industry peers (1.0%).
New Risk • May 05New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 24% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (2.7% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.0% net profit margin).
Reported Earnings • Apr 30First quarter 2026 earnings released: EPS: €0.45 (vs €0.93 in 1Q 2025)First quarter 2026 results: EPS: €0.45 (down from €0.93 in 1Q 2025). Revenue: €10.2b (down 3.5% from 1Q 2025). Net income: €225.0m (down 52% from 1Q 2025). Profit margin: 2.2% (down from 4.4% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Machinery industry in Italy. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings.
お知らせ • Apr 30+ 1 more updateTraton SE announces Annual dividend, payable on June 19, 2026Traton SE announced Annual dividend of EUR 0.9300 per share payable on June 19, 2026, ex-date on June 17, 2026 and record date on June 18, 2026.
お知らせ • Apr 02TRATON GROUP and Applied Intuition Announces TRATON ONE OS, a Unified Software Platform for Improved Fleet Uptime Across TRATON's Four Global BrandsThe TRATON GROUP and Applied Intuition, Inc. announced TRATON ONE OS, a next-generation software-defined vehicle platform that will power all new vehicles across TRATON's four brands: Scania, MAN, International and Volkswagen Truck & Bus. Building on more than a year of co-development, the two companies are deploying a single unified platform that's at the forefront of innovation to deliver benefits to customers: Prevent costly downtime: The system's unified data access is designed to enable predictive maintenance capabilities that allow fleet operators to identify and address potential mechanical issues before they lead to breakdowns, service recalls or unplanned downtime. Future-proof fleets: Customers will be able to receive new applications, features and full-cabin user-interface upgrades via over-the-air software updates, eliminating many workshop visits and allowing vehicles to improve throughout their operational life. Unlock the autonomous future: The platform's adaptive middleware is designed to serve as a foundation for autonomous driving systems, enabling TRATON to layer autonomous capabilities onto the same architecture over time. Designed to bring the speed, flexibility and continuous update cycles of modern software development to the commercial vehicle industry, TRATON ONE OS will operate on all high-performance computers (HPCs) in TRATON's new vehicle architecture. The platform supports multiple hardware chipsets and global regulatory environments while giving TRATON teams a common foundation to build on — all without compromising each brand's distinct customer experience. Testing of the first integrated ECU hardware will begin in April 2026, with rollout across new trucks targeted for 2028. The platform is being co-developed as a white-box modular architecture that combines TRATON's internal development with Applied Intuition's Vehicle OS for trucking, as well as trusted third-party and open-source components. This modular approach allows TRATON to replace or consolidate compute units over time without fragmenting the software stack or rewriting the platform or applications, supporting the company's long-term ambition to move toward fewer, more powerful high-performance computers.
Reported Earnings • Mar 05Full year 2025 earnings released: EPS: €3.09 (vs €5.61 in FY 2024)Full year 2025 results: EPS: €3.09 (down from €5.61 in FY 2024). Revenue: €44.1b (down 7.2% from FY 2024). Net income: €1.55b (down 45% from FY 2024). Profit margin: 3.5% (down from 5.9% in FY 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Machinery industry in Italy. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth.
Buy Or Sell Opportunity • Feb 12Now 21% undervaluedOver the last 90 days, the stock has risen 26% to €36.08. The fair value is estimated to be €45.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.6% over the last 3 years. Earnings per share has grown by 24%. For the next 3 years, revenue is forecast to grow by 3.1% per annum. Earnings are also forecast to grow by 19% per annum over the same time period.
お知らせ • Jan 30Traton SE to Report Nine Months, 2026 Results on Oct 28, 2026Traton SE announced that they will report nine months, 2026 results on Oct 28, 2026
お知らせ • Jan 29Traton SE to Report Q2, 2026 Results on Jul 23, 2026Traton SE announced that they will report Q2, 2026 results on Jul 23, 2026
Reported Earnings • Oct 30Third quarter 2025 earnings released: EPS: €0.65 (vs €1.45 in 3Q 2024)Third quarter 2025 results: EPS: €0.65 (down from €1.45 in 3Q 2024). Revenue: €10.4b (down 12% from 3Q 2024). Net income: €324.0m (down 55% from 3Q 2024). Profit margin: 3.1% (down from 6.1% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Machinery industry in Italy. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 29% per year.
Reported Earnings • Jul 27Second quarter 2025 earnings released: EPS: €0.49 (vs €1.17 in 2Q 2024)Second quarter 2025 results: EPS: €0.49 (down from €1.17 in 2Q 2024). Revenue: €11.3b (down 2.5% from 2Q 2024). Net income: €246.0m (down 58% from 2Q 2024). Profit margin: 2.2% (down from 5.0% in 2Q 2024). Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Machinery industry in Italy. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.
お知らせ • Jul 25Traton SE Updates Earnings Guidance for the Full Year 2025Traton SE updated earnings guidance for the full year 2025. For the period, the company now expects a range of negative 10% to 0% (previously negative 5% to positive 5%) for unit sales and sales revenue.
Upcoming Dividend • May 08Upcoming dividend of €1.70 per shareEligible shareholders must have bought the stock before 15 May 2025. Payment date: 19 May 2025. Payout ratio is a comfortable 34% but the company is not cash flow positive. Trailing yield: 6.0%. Within top quartile of Italian dividend payers (5.6%). Higher than average of industry peers (1.8%).
Reported Earnings • Apr 29First quarter 2025 earnings releasedFirst quarter 2025 results: Revenue: €10.6b (down 10% from 1Q 2024). Net income: €466.0m (down 38% from 1Q 2024). Profit margin: 4.4% (down from 6.4% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Italy. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to €25.52, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 11x in the Machinery industry in Italy. Total returns to shareholders of 90% over the past three years.
お知らせ • Mar 28Traton SE, Annual General Meeting, May 14, 2025Traton SE, Annual General Meeting, May 14, 2025, at 10:00 W. Europe Standard Time.
