View ValuationTraton 将来の成長Future 基準チェック /36Traton利益と収益がそれぞれ年間23.1%と5%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に12.9% 23.4%なると予測されています。主要情報23.1%収益成長率23.51%EPS成長率Machinery 収益成長23.5%収益成長率5.0%将来の株主資本利益率12.89%アナリストカバレッジGood最終更新日26 May 2026今後の成長に関する最新情報お知らせ • 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.すべての更新を表示Recent updatesNew 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.業績と収益の成長予測BIT:18TRA - アナリストの将来予測と過去の財務データ ( )EUR Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/202851,3133,2102,8026,0051512/31/202748,6312,8022,3715,2641812/31/202645,6982,0081,3994,097183/31/202643,6771,306-2,123726N/A12/31/202544,0521,547-1,894902N/A9/30/202544,5421,779-1,2371,652N/A6/30/202545,9922,179-4302,490N/A3/31/202546,2812,518-4022,400N/A12/31/202447,4732,804-4012,340N/A9/30/202447,9492,572-9301,606N/A6/30/202447,4052,550-4411,990N/A3/31/202447,4842,6482822,593N/A12/31/202346,8722,4513742,583N/A9/30/202345,9662,4231692,236N/A6/30/202345,2071,689-5961,403N/A3/31/202342,9961,274-2,245-312N/A12/31/202240,3351,141-2,569-660N/A9/30/202237,495449-2,203-338N/A6/30/202234,981802-2,473-643N/A3/31/202232,601750-922798N/A12/31/202130,620457-651,534N/A9/30/202128,5107082211,640N/A6/30/202126,1285168862,106N/A3/31/202123,445-681,0942,334N/A12/31/202022,580-1016761,987N/A9/30/202022,8141733521,735N/A6/30/202023,4334743921,883N/A3/31/202026,1671,2362061,715N/A12/31/201926,9011,520N/A1,088N/A9/30/201927,1311,419N/A959N/A6/30/201926,8591,491N/A373N/A3/31/201926,2891,228N/AN/AN/A12/31/201825,9271,140N/A382N/A12/31/201724,366880N/A726N/A12/31/201621,915186N/A758N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 18TRAの予測収益成長率 (年間23.1% ) は 貯蓄率 ( 3.3% ) を上回っています。収益対市場: 18TRAの収益 ( 23.1% ) はItalian市場 ( 11.3% ) よりも速いペースで成長すると予測されています。高成長収益: 18TRAの収益は今後 3 年間で 大幅に 増加すると予想されています。収益対市場: 18TRAの収益 ( 5% ) Italian市場 ( 5.7% ) よりも低い成長が予測されています。高い収益成長: 18TRAの収益 ( 5% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 18TRAの 自己資本利益率 は、3年後には低くなると予測されています ( 12.9 %)。成長企業の発掘7D1Y7D1Y7D1YCapital-goods 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/26 23:20終値2026/05/26 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。27 アナリスト機関Erwann DagorneBarclaysKai MuellerBarclaysHarry MartinBernstein24 その他のアナリストを表示
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.
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.