View ValuationTraton 将来の成長Future 基準チェック /46Traton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23.39%EPS成長率Machinery 収益成長12.2%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20 May 2026今後の成長に関する最新情報Price Target Changed • Mar 09Price target increased by 7.1% to kr350Up from kr327, the current price target is an average from 16 analysts. New target price is approximately in line with last closing price of kr335. Stock is down 17% over the past year. The company is forecast to post earnings per share of €4.07 for next year compared to €3.09 last year.Price Target Changed • Oct 31Price target decreased by 8.7% to kr317Down from kr347, the current price target is an average from 14 analysts. New target price is approximately in line with last closing price of kr307. Stock is down 9.8% over the past year. The company is forecast to post earnings per share of €3.40 for next year compared to €5.61 last year.Price Target Changed • Sep 08Price target increased by 10% to kr347Up from kr315, the current price target is an average from 14 analysts. New target price is approximately in line with last closing price of kr336. Stock is up 6.2% over the past year. The company is forecast to post earnings per share of €3.97 for next year compared to €5.61 last year.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.Price Target Changed • Mar 11Price target increased by 7.1% to kr375Up from kr350, the current price target is an average from 15 analysts. New target price is approximately in line with last closing price of kr374. Stock is up 2.4% over the past year. The company is forecast to post earnings per share of €5.31 for next year compared to €5.61 last year.Price Target Changed • Dec 16Price target decreased by 20% to kr375Down from kr470, the current price target is an average from 15 analysts. New target price is 14% above last closing price of kr329. Stock is up 38% over the past year. The company is forecast to post earnings per share of €5.28 for next year compared to €4.90 last year.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 Sweden. 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 15% 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.Price Target Changed • Mar 09Price target increased by 7.1% to kr350Up from kr327, the current price target is an average from 16 analysts. New target price is approximately in line with last closing price of kr335. Stock is down 17% over the past year. The company is forecast to post earnings per share of €4.07 for next year compared to €3.09 last year.Reported Earnings • Mar 05Full year 2025 earnings: EPS exceeds analyst expectationsFull 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 was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.3%. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Machinery industry in Sweden. 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 18% per year, which means it is tracking significantly ahead of earnings growth.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, 2026Price Target Changed • Oct 31Price target decreased by 8.7% to kr317Down from kr347, the current price target is an average from 14 analysts. New target price is approximately in line with last closing price of kr307. Stock is down 9.8% over the past year. The company is forecast to post earnings per share of €3.40 for next year compared to €5.61 last year.Reported Earnings • Oct 30Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindThird 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 exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 6.7%. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery industry in Sweden. 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.Price Target Changed • Sep 08Price target increased by 10% to kr347Up from kr315, the current price target is an average from 14 analysts. New target price is approximately in line with last closing price of kr336. Stock is up 6.2% over the past year. The company is forecast to post earnings per share of €3.97 for next year compared to €5.61 last 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 4.6% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has increased by 35% per year whereas the company’s share price has increased by 30% per year.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: 5.8%. Within top quartile of Swedish dividend payers (4.0%). Higher than average of industry peers (3.3%).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 2.9% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Machinery industry in Sweden. 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 26% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to kr283, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 16x in the Machinery industry in Sweden. Total returns to shareholders of 105% 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.Price Target Changed • Mar 11Price target increased by 7.1% to kr375Up from kr350, the current price target is an average from 15 analysts. New target price is approximately in line with last closing price of kr374. Stock is up 2.4% over the past year. The company is forecast to post earnings per share of €5.31 for next year compared to €5.61 last year.お知らせ • Mar 11+ 1 more updateTraton SE to Report Q3, 2025 Results on Oct 29, 2025Traton SE announced that they will report Q3, 2025 results on Oct 29, 2025Reported Earnings • Mar 10Full year 2024 earnings: Revenues and EPS in line with analyst expectationsFull year 2024 results: EPS: €5.61 (up from €4.90 in FY 2023). Revenue: €47.5b (up 1.3% from FY 2023). Net income: €2.80b (up 14% from FY 2023). Profit margin: 5.9% (up from 5.2% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.お知らせ • Mar 10Traton SE to Report Q1, 2025 Results on Apr 28, 2025Traton SE announced that they will report Q1, 2025 results at 9:00 AM, Central European Standard Time on Apr 28, 2025お知らせ • Jan 24Volkswagen Reportedly Plans to Lower Traton StakeVolkswagen AG (XTRA:VOW3) intends to divest a 15% stake in its truck subsidiary Traton SE (XTRA:8TRA), pursuing proceeds of around EUR 2 billion (USD 2.08 billion), local magazine Manager Magazin reported on Wednesday. The potential deal is expected to take place in the first half of 2025, the magazine said, citing unnamed sources. Volkswagen currently holds 89.72% of Traton after selling a 10.28% stake in an initial public offering (IPO) in 2019. In May 2024, however, Volkwagen CEO Oliver Blume indicated intentions to reduce the shareholding to 75% plus one share in the medium-term.Price Target Changed • Dec 16Price target decreased by 20% to kr375Down from kr470, the current price target is an average from 15 analysts. New target price is 14% above last closing price of kr329. Stock is up 38% over the past year. The company is forecast to post earnings per share of €5.28 for next year compared to €4.90 last year.お知らせ • Nov 28Traton SE to Report First Half, 2025 Results on Jul 25, 2025Traton SE announced that they will report first half, 2025 results on Jul 25, 2025Reported Earnings • Oct 29Third quarter 2024 earnings released: EPS: €1.45 (vs €1.40 in 3Q 2023)Third quarter 2024 results: EPS: €1.45 (up from €1.40 in 3Q 2023). Revenue: €11.9b (up 4.8% from 3Q 2023). Net income: €724.0m (up 3.1% from 3Q 2023). Profit margin: 6.1% (down from 6.2% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.お知らせ • Oct 28Traton SE to Report Q4, 2024 Results on Mar 10, 2025Traton SE announced that they will report Q4, 2024 results on Mar 10, 2025Price Target Changed • Oct 04Price target increased by 11% to kr485Up from kr436, the current price target is an average from 15 analysts. New target price is 51% above last closing price of kr322. Stock is up 40% over the past year. The company is forecast to post earnings per share of €5.31 for next year compared to €4.90 last year.Reported Earnings • Jul 28Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2024 results: EPS: €1.17 (down from €1.37 in 2Q 2023). Revenue: €11.6b (flat on 2Q 2023). Net income: €585.0m (down 14% from 2Q 2023). Profit margin: 5.0% (down from 5.9% in 2Q 2023). Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) missed analyst estimates by 18%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.お知らせ • Jun 26Traton SE(XTRA:8TRA) dropped from Germany SDAX (Total Return) IndexTraton SE has been Dropped from SDAX (Total Return) IndexUpcoming Dividend • Jun 07Upcoming dividend of €1.50 per shareEligible shareholders must have bought the stock before 14 June 2024. Payment date: 18 June 2024. Payout ratio is a comfortable 28% but the company is paying out more than the cash it is generating. Trailing yield: 4.5%. Within top quartile of Swedish dividend payers (4.1%). Higher than average of industry peers (2.7%).Price Target Changed • May 31Price target increased by 26% to kr373Up from kr296, the current price target is an average from 15 analysts. New target price is approximately in line with last closing price of kr374. Stock is up 71% over the past year. The company is forecast to post earnings per share of €5.19 for next year compared to €4.90 last year.Declared Dividend • May 15Dividend of €1.50 announcedShareholders will receive a dividend of €1.50. Ex-date: 14th June 2024 Payment date: 18th June 2024 Dividend yield will be 0.4%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (28% earnings payout ratio) but not covered by cash flows (266% cash payout ratio). The dividend has increased by an average of 11% per year over the past 4 years. However, payments have been volatile during that time. EPS is expected to grow by 15% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • May 14Volkswagen Reportedly Explores Stock Sale in TratonVolkswagen AG (XTRA:VOW3) is exploring the sale of as much as €1 billion ($1.1 billion) of stock in Traton SE (XTRA:8TRA), people familiar with the matter said, taking advantage of the truckmaker’s surging price to increase the number of shares available for trading. VW, which owns about 90% of Traton, has been talking to potential advisers about a sale to institutional investors via an accelerated bookbuilding transaction as soon as the next few weeks, the people said. The size of the offering could be about €500 million to €1 billion depending on market conditions, according to the people.Reported Earnings • Apr 26First quarter 2024 earnings released: EPS: €1.50 (vs €1.11 in 1Q 2023)First quarter 2024 results: EPS: €1.50 (up from €1.11 in 1Q 2023). Revenue: €11.8b (up 5.5% from 1Q 2023). Net income: €752.0m (up 36% from 1Q 2023). Profit margin: 6.4% (up from 5.0% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.Price Target Changed • Mar 07Price target increased by 9.5% to kr296Up from kr270, the current price target is an average from 14 analysts. New target price is 14% below last closing price of kr342. Stock is up 69% over the past year. The company is forecast to post earnings per share of €5.01 for next year compared to €4.90 last year.Reported Earnings • Mar 06Full year 2023 earnings released: EPS: €4.90 (vs €2.28 in FY 2022)Full year 2023 results: EPS: €4.90 (up from €2.28 in FY 2022). Revenue: €46.9b (up 16% from FY 2022). Net income: €2.45b (up 115% from FY 2022). Profit margin: 5.2% (up from 2.8% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 3.1% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.お知らせ • Nov 18+ 4 more updatesTraton SE to Report Nine Months, 2024 Results on Oct 28, 2024Traton SE announced that they will report nine months, 2024 results on Oct 28, 2024Reported Earnings • Oct 26Third quarter 2023 earnings released: EPS: €1.40 (vs €0.065 loss in 3Q 2022)Third quarter 2023 results: EPS: €1.40 (up from €0.065 loss in 3Q 2022). Revenue: €11.3b (up 7.2% from 3Q 2022). Net income: €702.0m (up €734.0m from 3Q 2022). Profit margin: 6.2% (up from net loss in 3Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 2.6% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.お知らせ • Oct 26Traton SE Provides Revenue Guidance for the Full Year 2023Traton SE provided revenue guidance for the full year 2023. for the year, the company expects unit sales and sales revenue to increase by 5% to 15% each.Reported Earnings • Jul 28Second quarter 2023 earnings released: EPS: €1.37 (vs €0.54 in 2Q 2022)Second quarter 2023 results: EPS: €1.37 (up from €0.54 in 2Q 2022). Revenue: €11.7b (up 23% from 2Q 2022). Net income: €683.0m (up 155% from 2Q 2022). Profit margin: 5.9% (up from 2.8% in 2Q 2022). Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • May 26Upcoming dividend of €0.70 per share at 3.6% yieldEligible shareholders must have bought the stock before 02 June 2023. Payment date: 06 June 2023. Payout ratio is a comfortable 27% but the company is not cash flow positive. Trailing yield: 3.6%. Lower than top quartile of Swedish dividend payers (5.3%). Higher than average of industry peers (2.9%).Reported Earnings • May 03First quarter 2023 earnings released: EPS: €1.11 (vs €0.84 in 1Q 2022)First quarter 2023 results: EPS: €1.11 (up from €0.84 in 1Q 2022). Revenue: €11.2b (up 31% from 1Q 2022). Net income: €555.0m (up 32% from 1Q 2022). Profit margin: 5.0% (in line with 1Q 2022). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Apr 17Investor sentiment improves as stock rises 17%After last week's 17% share price gain to kr234, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 20x in the Machinery industry in Sweden. Total returns to shareholders of 66% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr337 per share.Price Target Changed • Mar 15Price target increased by 10% to kr225Up from kr204, the current price target is an average from 14 analysts. New target price is 21% above last closing price of kr186. Stock is down 3.4% over the past year. The company is forecast to post earnings per share of €3.39 for next year compared to €2.28 last year.Reported Earnings • Mar 09Full year 2022 earnings released: EPS: €2.28 (vs €0.91 in FY 2021)Full year 2022 results: EPS: €2.28 (up from €0.91 in FY 2021). Revenue: €40.3b (up 32% from FY 2021). Net income: €1.14b (up 150% from FY 2021). Profit margin: 2.8% (up from 1.5% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Machinery industry in Sweden. 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 10% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Mar 07Investor sentiment improves as stock rises 19%After last week's 19% share price gain to kr203, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 21x in the Machinery industry in Sweden. Total returns to shareholders of 23% over the past three years.お知らせ • Jan 17+ 3 more updatesTraton SE to Report Nine Months, 2023 Results on Oct 25, 2023Traton SE announced that they will report nine months, 2023 results on Oct 25, 2023Price Target Changed • Dec 15Price target increased to kr176Up from kr157, the current price target is an average from 15 analysts. New target price is 12% above last closing price of kr157. Stock is down 28% over the past year. The company is forecast to post earnings per share of €2.29 for next year compared to €0.91 last year.お知らせ • Dec 09Traton SE, Annual General Meeting, Jun 01, 2023Traton SE, Annual General Meeting, Jun 01, 2023.Reported Earnings • Oct 28Third quarter 2022 earnings released: €0.065 loss per share (vs €0.64 profit in 3Q 2021)Third quarter 2022 results: €0.065 loss per share (down from €0.64 profit in 3Q 2021). Revenue: €10.6b (up 31% from 3Q 2021). Net loss: €32.0m (down 110% from profit in 3Q 2021). Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.Reported Earnings • Jul 29Second quarter 2022 earnings released: EPS: €0.54 (vs €0.43 in 2Q 2021)Second quarter 2022 results: EPS: €0.54 (up from €0.43 in 2Q 2021). Revenue: €9.46b (up 34% from 2Q 2021). Net income: €268.0m (up 24% from 2Q 2021). Profit margin: 2.8% (down from 3.1% in 2Q 2021). Over the next year, revenue is forecast to grow 7.2%, compared to a 10% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.Price Target Changed • Jul 28Price target decreased to kr172Down from kr233, the current price target is an average from 13 analysts. New target price is 11% above last closing price of kr155. Stock is down 44% over the past year. The company is forecast to post earnings per share of €2.52 for next year compared to €0.91 last year.Upcoming Dividend • Jun 03Upcoming dividend of €0.50 per shareEligible shareholders must have bought the stock before 10 June 2022. Payment date: 14 June 2022. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of Swedish dividend payers (4.8%). Higher than average of industry peers (2.3%).Reported Earnings • May 05First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2022 results: EPS: €0.84 (up from €0.26 in 1Q 2021). Revenue: €8.53b (up 30% from 1Q 2021). Net income: €422.0m (up 227% from 1Q 2021). Profit margin: 5.0% (up from 2.0% in 1Q 2021). Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) missed analyst estimates by 46%. Over the next year, revenue is forecast to grow 11%, compared to a 16% growth forecast for the industry in Sweden.Price Target Changed • Apr 27Price target decreased to kr228Down from kr253, the current price target is an average from 12 analysts. New target price is 43% above last closing price of kr159. Stock is down 35% over the past year. The company is forecast to post earnings per share of €2.39 for next year compared to €0.91 last year.Price Target Changed • Apr 13Price target decreased to kr228Down from kr246, the current price target is an average from 9 analysts. New target price is 47% above last closing price of kr155. Stock is down 34% over the past year. The company is forecast to post earnings per share of €2.55 for next year compared to €0.91 last year.Valuation Update With 7 Day Price Move • Apr 05Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to kr161, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 17x in the Machinery industry in Sweden. Total loss to shareholders of 32% over the past year.Reported Earnings • Mar 17Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: €0.91 (up from €0.20 loss in FY 2020). Revenue: €30.6b (up 36% from FY 2020). Net income: €457.0m (up €558.0m from FY 2020). Profit margin: 1.5% (up from net loss in FY 2020). Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) missed analyst estimates by 46%. Over the next year, revenue is forecast to grow 14%, compared to a 17% growth forecast for the industry in Sweden.Price Target Changed • Nov 04Price target decreased to kr246Down from kr284, the current price target is an average from 12 analysts. New target price is 10% above last closing price of kr223. Stock is up 23% over the past year. The company is forecast to post earnings per share of €2.42 next year compared to a net loss per share of €0.20 last year.Reported Earnings • Oct 29Third quarter 2021 earnings released: EPS €0.65 (vs €0.26 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €8.05b (up 42% from 3Q 2020). Net income: €326.0m (up 153% from 3Q 2020). Profit margin: 4.1% (up from 2.3% in 3Q 2020).Price Target Changed • Oct 11Price target decreased to kr307Down from kr352, the current price target is an average from 12 analysts. New target price is 38% above last closing price of kr223. Stock is up 20% over the past year.Executive Departure • Oct 01Chief Executive Officer Matthias Grundler has left the companyOn the 30th of September, Matthias Grundler's tenure as Chief Executive Officer of the company ended after 1.2 years in the role. We don't have any record of a personal shareholding under Matthias' name. A total of 2 executives have left over the last 12 months. Under Matthias' leadership, the company delivered a total shareholder return of 32%.Executive Departure • Oct 01Chief Financial Officer Christian Schulz has left the companyOn the 30th of September, Christian Schulz's tenure as Chief Financial Officer ended after 3.3 years in the role. As of June 2021, Christian still personally held 4.05k shares (kr745k worth at the time). A total of 2 executives have left over the last 12 months.Reported Earnings • Jul 29Second quarter 2021 earnings released: EPS €0.43 (vs €0.74 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €7.08b (up 61% from 2Q 2020). Net income: €216.0m (up €584.0m from 2Q 2020). Profit margin: 3.1% (up from net loss in 2Q 2020).Price Target Changed • Jul 20Price target increased to kr352Up from kr316, the current price target is an average from 11 analysts. New target price is 35% above last closing price of kr261. Stock is up 34% over the past year.Upcoming Dividend • Jun 25Upcoming dividend of €0.25 per shareEligible shareholders must have bought the stock before 01 July 2021. Payment date: 05 July 2021. Trailing yield: 0.9%. Lower than top quartile of Swedish dividend payers (3.5%). Lower than average of industry peers (1.9%).Reported Earnings • May 11First quarter 2021 earnings released: EPS €0.26 (vs €0.19 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €6.54b (up 15% from 1Q 2020). Net income: €129.0m (up 34% from 1Q 2020). Profit margin: 2.0% (up from 1.7% in 1Q 2020).Reported Earnings • Mar 12Full year 2020 earnings released: €0.20 loss per share (vs €3.04 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €22.6b (down 16% from FY 2019). Net loss: €101.0m (down 107% from profit in FY 2019).Analyst Estimate Surprise Post Earnings • Mar 12Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 347%. Over the next year, revenue is forecast to grow 12%, compared to a 9.5% growth forecast for the Machinery industry in Sweden.Is New 90 Day High Low • Mar 05New 90-day high: kr253The company is up 7.0% from its price of kr235 on 04 December 2020. The Swedish market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr1,829 per share.Price Target Changed • Feb 09Price target raised to kr332Up from kr293, the current price target is an average from 12 analysts. The new target price is 38% above the current share price of kr241. As of last close, the stock is down 2.2% over the past year.Is New 90 Day High Low • Jan 09New 90-day high: kr243The company is up 33% from its price of kr183 on 09 October 2020. The Swedish market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr862 per share.Is New 90 Day High Low • Dec 08New 90-day high: kr240The company is up 24% from its price of kr193 on 09 September 2020. The Swedish market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr720 per share.Price Target Changed • Nov 13Price target raised to kr220Up from kr201, the current price target is an average from 11 analysts. The new target price is 11% above the current share price of kr199. As of last close, the stock is down 25% over the past year.Analyst Estimate Surprise Post Earnings • Nov 11Revenue beats expectationsRevenue exceeded analyst estimates by 2.2%. Over the next year, revenue is forecast to grow 6.6%, compared to a 3.1% growth forecast for the Machinery industry in Sweden.Is New 90 Day High Low • Nov 11New 90-day high: kr196The company is up 13% from its price of kr174 on 12 August 2020. The Swedish market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr126 per share.Reported Earnings • Nov 11Third quarter 2020 earnings released: EPS €0.27The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: €5.67b (down 9.8% from 3Q 2019). Net income: €129.0m (down 70% from 3Q 2019). Profit margin: 2.3% (down from 6.8% in 3Q 2019). The decrease in margin was driven by lower revenue.Price Target Changed • Nov 04Price target lowered to kr201Down from kr219, the current price target is an average from 10 analysts. The new target price is 13% above the current share price of kr178. As of last close, the stock is down 32% over the past year.業績と収益の成長予測OM:8TRA - 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12/31/202851,3993,2102,8026,0051512/31/202748,5912,8022,3715,2641812/31/202645,7192,0081,3994,097183/31/202643,6771,306-2,123726N/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: 8TRAの予測収益成長率 (年間23.1% ) は 貯蓄率 ( 2% ) を上回っています。収益対市場: 8TRAの収益 ( 23.1% ) はSwedish市場 ( 8.7% ) 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: 8TRA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: 8TRAの収益 ( 5% ) Swedish市場 ( 0.04% ) よりも速いペースで成長すると予測されています。高い収益成長: 8TRA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: 8TRA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2026/05/25 15:48終値2026/05/22 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
Price Target Changed • Mar 09Price target increased by 7.1% to kr350Up from kr327, the current price target is an average from 16 analysts. New target price is approximately in line with last closing price of kr335. Stock is down 17% over the past year. The company is forecast to post earnings per share of €4.07 for next year compared to €3.09 last year.
Price Target Changed • Oct 31Price target decreased by 8.7% to kr317Down from kr347, the current price target is an average from 14 analysts. New target price is approximately in line with last closing price of kr307. Stock is down 9.8% over the past year. The company is forecast to post earnings per share of €3.40 for next year compared to €5.61 last year.
Price Target Changed • Sep 08Price target increased by 10% to kr347Up from kr315, the current price target is an average from 14 analysts. New target price is approximately in line with last closing price of kr336. Stock is up 6.2% over the past year. The company is forecast to post earnings per share of €3.97 for next year compared to €5.61 last year.
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.
Price Target Changed • Mar 11Price target increased by 7.1% to kr375Up from kr350, the current price target is an average from 15 analysts. New target price is approximately in line with last closing price of kr374. Stock is up 2.4% over the past year. The company is forecast to post earnings per share of €5.31 for next year compared to €5.61 last year.
Price Target Changed • Dec 16Price target decreased by 20% to kr375Down from kr470, the current price target is an average from 15 analysts. New target price is 14% above last closing price of kr329. Stock is up 38% over the past year. The company is forecast to post earnings per share of €5.28 for next year compared to €4.90 last year.
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 Sweden. 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 15% 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.
Price Target Changed • Mar 09Price target increased by 7.1% to kr350Up from kr327, the current price target is an average from 16 analysts. New target price is approximately in line with last closing price of kr335. Stock is down 17% over the past year. The company is forecast to post earnings per share of €4.07 for next year compared to €3.09 last year.
Reported Earnings • Mar 05Full year 2025 earnings: EPS exceeds analyst expectationsFull 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 was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.3%. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Machinery industry in Sweden. 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 18% per year, which means it is tracking significantly ahead of earnings growth.
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
Price Target Changed • Oct 31Price target decreased by 8.7% to kr317Down from kr347, the current price target is an average from 14 analysts. New target price is approximately in line with last closing price of kr307. Stock is down 9.8% over the past year. The company is forecast to post earnings per share of €3.40 for next year compared to €5.61 last year.
Reported Earnings • Oct 30Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindThird 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 exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 6.7%. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery industry in Sweden. 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.
Price Target Changed • Sep 08Price target increased by 10% to kr347Up from kr315, the current price target is an average from 14 analysts. New target price is approximately in line with last closing price of kr336. Stock is up 6.2% over the past year. The company is forecast to post earnings per share of €3.97 for next year compared to €5.61 last 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 4.6% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has increased by 35% per year whereas the company’s share price has increased by 30% per year.
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: 5.8%. Within top quartile of Swedish dividend payers (4.0%). Higher than average of industry peers (3.3%).
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 2.9% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Machinery industry in Sweden. 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 26% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to kr283, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 16x in the Machinery industry in Sweden. Total returns to shareholders of 105% 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.
Price Target Changed • Mar 11Price target increased by 7.1% to kr375Up from kr350, the current price target is an average from 15 analysts. New target price is approximately in line with last closing price of kr374. Stock is up 2.4% over the past year. The company is forecast to post earnings per share of €5.31 for next year compared to €5.61 last year.
お知らせ • Mar 11+ 1 more updateTraton SE to Report Q3, 2025 Results on Oct 29, 2025Traton SE announced that they will report Q3, 2025 results on Oct 29, 2025
Reported Earnings • Mar 10Full year 2024 earnings: Revenues and EPS in line with analyst expectationsFull year 2024 results: EPS: €5.61 (up from €4.90 in FY 2023). Revenue: €47.5b (up 1.3% from FY 2023). Net income: €2.80b (up 14% from FY 2023). Profit margin: 5.9% (up from 5.2% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth.
お知らせ • Mar 10Traton SE to Report Q1, 2025 Results on Apr 28, 2025Traton SE announced that they will report Q1, 2025 results at 9:00 AM, Central European Standard Time on Apr 28, 2025
お知らせ • Jan 24Volkswagen Reportedly Plans to Lower Traton StakeVolkswagen AG (XTRA:VOW3) intends to divest a 15% stake in its truck subsidiary Traton SE (XTRA:8TRA), pursuing proceeds of around EUR 2 billion (USD 2.08 billion), local magazine Manager Magazin reported on Wednesday. The potential deal is expected to take place in the first half of 2025, the magazine said, citing unnamed sources. Volkswagen currently holds 89.72% of Traton after selling a 10.28% stake in an initial public offering (IPO) in 2019. In May 2024, however, Volkwagen CEO Oliver Blume indicated intentions to reduce the shareholding to 75% plus one share in the medium-term.
Price Target Changed • Dec 16Price target decreased by 20% to kr375Down from kr470, the current price target is an average from 15 analysts. New target price is 14% above last closing price of kr329. Stock is up 38% over the past year. The company is forecast to post earnings per share of €5.28 for next year compared to €4.90 last year.
お知らせ • Nov 28Traton SE to Report First Half, 2025 Results on Jul 25, 2025Traton SE announced that they will report first half, 2025 results on Jul 25, 2025
Reported Earnings • Oct 29Third quarter 2024 earnings released: EPS: €1.45 (vs €1.40 in 3Q 2023)Third quarter 2024 results: EPS: €1.45 (up from €1.40 in 3Q 2023). Revenue: €11.9b (up 4.8% from 3Q 2023). Net income: €724.0m (up 3.1% from 3Q 2023). Profit margin: 6.1% (down from 6.2% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
お知らせ • Oct 28Traton SE to Report Q4, 2024 Results on Mar 10, 2025Traton SE announced that they will report Q4, 2024 results on Mar 10, 2025
Price Target Changed • Oct 04Price target increased by 11% to kr485Up from kr436, the current price target is an average from 15 analysts. New target price is 51% above last closing price of kr322. Stock is up 40% over the past year. The company is forecast to post earnings per share of €5.31 for next year compared to €4.90 last year.
Reported Earnings • Jul 28Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2024 results: EPS: €1.17 (down from €1.37 in 2Q 2023). Revenue: €11.6b (flat on 2Q 2023). Net income: €585.0m (down 14% from 2Q 2023). Profit margin: 5.0% (down from 5.9% in 2Q 2023). Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) missed analyst estimates by 18%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
お知らせ • Jun 26Traton SE(XTRA:8TRA) dropped from Germany SDAX (Total Return) IndexTraton SE has been Dropped from SDAX (Total Return) Index
Upcoming Dividend • Jun 07Upcoming dividend of €1.50 per shareEligible shareholders must have bought the stock before 14 June 2024. Payment date: 18 June 2024. Payout ratio is a comfortable 28% but the company is paying out more than the cash it is generating. Trailing yield: 4.5%. Within top quartile of Swedish dividend payers (4.1%). Higher than average of industry peers (2.7%).
Price Target Changed • May 31Price target increased by 26% to kr373Up from kr296, the current price target is an average from 15 analysts. New target price is approximately in line with last closing price of kr374. Stock is up 71% over the past year. The company is forecast to post earnings per share of €5.19 for next year compared to €4.90 last year.
Declared Dividend • May 15Dividend of €1.50 announcedShareholders will receive a dividend of €1.50. Ex-date: 14th June 2024 Payment date: 18th June 2024 Dividend yield will be 0.4%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (28% earnings payout ratio) but not covered by cash flows (266% cash payout ratio). The dividend has increased by an average of 11% per year over the past 4 years. However, payments have been volatile during that time. EPS is expected to grow by 15% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • May 14Volkswagen Reportedly Explores Stock Sale in TratonVolkswagen AG (XTRA:VOW3) is exploring the sale of as much as €1 billion ($1.1 billion) of stock in Traton SE (XTRA:8TRA), people familiar with the matter said, taking advantage of the truckmaker’s surging price to increase the number of shares available for trading. VW, which owns about 90% of Traton, has been talking to potential advisers about a sale to institutional investors via an accelerated bookbuilding transaction as soon as the next few weeks, the people said. The size of the offering could be about €500 million to €1 billion depending on market conditions, according to the people.
Reported Earnings • Apr 26First quarter 2024 earnings released: EPS: €1.50 (vs €1.11 in 1Q 2023)First quarter 2024 results: EPS: €1.50 (up from €1.11 in 1Q 2023). Revenue: €11.8b (up 5.5% from 1Q 2023). Net income: €752.0m (up 36% from 1Q 2023). Profit margin: 6.4% (up from 5.0% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Mar 07Price target increased by 9.5% to kr296Up from kr270, the current price target is an average from 14 analysts. New target price is 14% below last closing price of kr342. Stock is up 69% over the past year. The company is forecast to post earnings per share of €5.01 for next year compared to €4.90 last year.
Reported Earnings • Mar 06Full year 2023 earnings released: EPS: €4.90 (vs €2.28 in FY 2022)Full year 2023 results: EPS: €4.90 (up from €2.28 in FY 2022). Revenue: €46.9b (up 16% from FY 2022). Net income: €2.45b (up 115% from FY 2022). Profit margin: 5.2% (up from 2.8% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 3.1% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
お知らせ • Nov 18+ 4 more updatesTraton SE to Report Nine Months, 2024 Results on Oct 28, 2024Traton SE announced that they will report nine months, 2024 results on Oct 28, 2024
Reported Earnings • Oct 26Third quarter 2023 earnings released: EPS: €1.40 (vs €0.065 loss in 3Q 2022)Third quarter 2023 results: EPS: €1.40 (up from €0.065 loss in 3Q 2022). Revenue: €11.3b (up 7.2% from 3Q 2022). Net income: €702.0m (up €734.0m from 3Q 2022). Profit margin: 6.2% (up from net loss in 3Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 2.6% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
お知らせ • Oct 26Traton SE Provides Revenue Guidance for the Full Year 2023Traton SE provided revenue guidance for the full year 2023. for the year, the company expects unit sales and sales revenue to increase by 5% to 15% each.
Reported Earnings • Jul 28Second quarter 2023 earnings released: EPS: €1.37 (vs €0.54 in 2Q 2022)Second quarter 2023 results: EPS: €1.37 (up from €0.54 in 2Q 2022). Revenue: €11.7b (up 23% from 2Q 2022). Net income: €683.0m (up 155% from 2Q 2022). Profit margin: 5.9% (up from 2.8% in 2Q 2022). Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • May 26Upcoming dividend of €0.70 per share at 3.6% yieldEligible shareholders must have bought the stock before 02 June 2023. Payment date: 06 June 2023. Payout ratio is a comfortable 27% but the company is not cash flow positive. Trailing yield: 3.6%. Lower than top quartile of Swedish dividend payers (5.3%). Higher than average of industry peers (2.9%).
Reported Earnings • May 03First quarter 2023 earnings released: EPS: €1.11 (vs €0.84 in 1Q 2022)First quarter 2023 results: EPS: €1.11 (up from €0.84 in 1Q 2022). Revenue: €11.2b (up 31% from 1Q 2022). Net income: €555.0m (up 32% from 1Q 2022). Profit margin: 5.0% (in line with 1Q 2022). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Apr 17Investor sentiment improves as stock rises 17%After last week's 17% share price gain to kr234, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 20x in the Machinery industry in Sweden. Total returns to shareholders of 66% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr337 per share.
Price Target Changed • Mar 15Price target increased by 10% to kr225Up from kr204, the current price target is an average from 14 analysts. New target price is 21% above last closing price of kr186. Stock is down 3.4% over the past year. The company is forecast to post earnings per share of €3.39 for next year compared to €2.28 last year.
Reported Earnings • Mar 09Full year 2022 earnings released: EPS: €2.28 (vs €0.91 in FY 2021)Full year 2022 results: EPS: €2.28 (up from €0.91 in FY 2021). Revenue: €40.3b (up 32% from FY 2021). Net income: €1.14b (up 150% from FY 2021). Profit margin: 2.8% (up from 1.5% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Machinery industry in Sweden. 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 10% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Mar 07Investor sentiment improves as stock rises 19%After last week's 19% share price gain to kr203, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 21x in the Machinery industry in Sweden. Total returns to shareholders of 23% over the past three years.
お知らせ • Jan 17+ 3 more updatesTraton SE to Report Nine Months, 2023 Results on Oct 25, 2023Traton SE announced that they will report nine months, 2023 results on Oct 25, 2023
Price Target Changed • Dec 15Price target increased to kr176Up from kr157, the current price target is an average from 15 analysts. New target price is 12% above last closing price of kr157. Stock is down 28% over the past year. The company is forecast to post earnings per share of €2.29 for next year compared to €0.91 last year.
お知らせ • Dec 09Traton SE, Annual General Meeting, Jun 01, 2023Traton SE, Annual General Meeting, Jun 01, 2023.
Reported Earnings • Oct 28Third quarter 2022 earnings released: €0.065 loss per share (vs €0.64 profit in 3Q 2021)Third quarter 2022 results: €0.065 loss per share (down from €0.64 profit in 3Q 2021). Revenue: €10.6b (up 31% from 3Q 2021). Net loss: €32.0m (down 110% from profit in 3Q 2021). Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Machinery industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.
Reported Earnings • Jul 29Second quarter 2022 earnings released: EPS: €0.54 (vs €0.43 in 2Q 2021)Second quarter 2022 results: EPS: €0.54 (up from €0.43 in 2Q 2021). Revenue: €9.46b (up 34% from 2Q 2021). Net income: €268.0m (up 24% from 2Q 2021). Profit margin: 2.8% (down from 3.1% in 2Q 2021). Over the next year, revenue is forecast to grow 7.2%, compared to a 10% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.
Price Target Changed • Jul 28Price target decreased to kr172Down from kr233, the current price target is an average from 13 analysts. New target price is 11% above last closing price of kr155. Stock is down 44% over the past year. The company is forecast to post earnings per share of €2.52 for next year compared to €0.91 last year.
Upcoming Dividend • Jun 03Upcoming dividend of €0.50 per shareEligible shareholders must have bought the stock before 10 June 2022. Payment date: 14 June 2022. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of Swedish dividend payers (4.8%). Higher than average of industry peers (2.3%).
Reported Earnings • May 05First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2022 results: EPS: €0.84 (up from €0.26 in 1Q 2021). Revenue: €8.53b (up 30% from 1Q 2021). Net income: €422.0m (up 227% from 1Q 2021). Profit margin: 5.0% (up from 2.0% in 1Q 2021). Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) missed analyst estimates by 46%. Over the next year, revenue is forecast to grow 11%, compared to a 16% growth forecast for the industry in Sweden.
Price Target Changed • Apr 27Price target decreased to kr228Down from kr253, the current price target is an average from 12 analysts. New target price is 43% above last closing price of kr159. Stock is down 35% over the past year. The company is forecast to post earnings per share of €2.39 for next year compared to €0.91 last year.
Price Target Changed • Apr 13Price target decreased to kr228Down from kr246, the current price target is an average from 9 analysts. New target price is 47% above last closing price of kr155. Stock is down 34% over the past year. The company is forecast to post earnings per share of €2.55 for next year compared to €0.91 last year.
Valuation Update With 7 Day Price Move • Apr 05Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to kr161, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 17x in the Machinery industry in Sweden. Total loss to shareholders of 32% over the past year.
Reported Earnings • Mar 17Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: EPS: €0.91 (up from €0.20 loss in FY 2020). Revenue: €30.6b (up 36% from FY 2020). Net income: €457.0m (up €558.0m from FY 2020). Profit margin: 1.5% (up from net loss in FY 2020). Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) missed analyst estimates by 46%. Over the next year, revenue is forecast to grow 14%, compared to a 17% growth forecast for the industry in Sweden.
Price Target Changed • Nov 04Price target decreased to kr246Down from kr284, the current price target is an average from 12 analysts. New target price is 10% above last closing price of kr223. Stock is up 23% over the past year. The company is forecast to post earnings per share of €2.42 next year compared to a net loss per share of €0.20 last year.
Reported Earnings • Oct 29Third quarter 2021 earnings released: EPS €0.65 (vs €0.26 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €8.05b (up 42% from 3Q 2020). Net income: €326.0m (up 153% from 3Q 2020). Profit margin: 4.1% (up from 2.3% in 3Q 2020).
Price Target Changed • Oct 11Price target decreased to kr307Down from kr352, the current price target is an average from 12 analysts. New target price is 38% above last closing price of kr223. Stock is up 20% over the past year.
Executive Departure • Oct 01Chief Executive Officer Matthias Grundler has left the companyOn the 30th of September, Matthias Grundler's tenure as Chief Executive Officer of the company ended after 1.2 years in the role. We don't have any record of a personal shareholding under Matthias' name. A total of 2 executives have left over the last 12 months. Under Matthias' leadership, the company delivered a total shareholder return of 32%.
Executive Departure • Oct 01Chief Financial Officer Christian Schulz has left the companyOn the 30th of September, Christian Schulz's tenure as Chief Financial Officer ended after 3.3 years in the role. As of June 2021, Christian still personally held 4.05k shares (kr745k worth at the time). A total of 2 executives have left over the last 12 months.
Reported Earnings • Jul 29Second quarter 2021 earnings released: EPS €0.43 (vs €0.74 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €7.08b (up 61% from 2Q 2020). Net income: €216.0m (up €584.0m from 2Q 2020). Profit margin: 3.1% (up from net loss in 2Q 2020).
Price Target Changed • Jul 20Price target increased to kr352Up from kr316, the current price target is an average from 11 analysts. New target price is 35% above last closing price of kr261. Stock is up 34% over the past year.
Upcoming Dividend • Jun 25Upcoming dividend of €0.25 per shareEligible shareholders must have bought the stock before 01 July 2021. Payment date: 05 July 2021. Trailing yield: 0.9%. Lower than top quartile of Swedish dividend payers (3.5%). Lower than average of industry peers (1.9%).
Reported Earnings • May 11First quarter 2021 earnings released: EPS €0.26 (vs €0.19 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €6.54b (up 15% from 1Q 2020). Net income: €129.0m (up 34% from 1Q 2020). Profit margin: 2.0% (up from 1.7% in 1Q 2020).
Reported Earnings • Mar 12Full year 2020 earnings released: €0.20 loss per share (vs €3.04 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €22.6b (down 16% from FY 2019). Net loss: €101.0m (down 107% from profit in FY 2019).
Analyst Estimate Surprise Post Earnings • Mar 12Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 347%. Over the next year, revenue is forecast to grow 12%, compared to a 9.5% growth forecast for the Machinery industry in Sweden.
Is New 90 Day High Low • Mar 05New 90-day high: kr253The company is up 7.0% from its price of kr235 on 04 December 2020. The Swedish market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr1,829 per share.
Price Target Changed • Feb 09Price target raised to kr332Up from kr293, the current price target is an average from 12 analysts. The new target price is 38% above the current share price of kr241. As of last close, the stock is down 2.2% over the past year.
Is New 90 Day High Low • Jan 09New 90-day high: kr243The company is up 33% from its price of kr183 on 09 October 2020. The Swedish market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr862 per share.
Is New 90 Day High Low • Dec 08New 90-day high: kr240The company is up 24% from its price of kr193 on 09 September 2020. The Swedish market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr720 per share.
Price Target Changed • Nov 13Price target raised to kr220Up from kr201, the current price target is an average from 11 analysts. The new target price is 11% above the current share price of kr199. As of last close, the stock is down 25% over the past year.
Analyst Estimate Surprise Post Earnings • Nov 11Revenue beats expectationsRevenue exceeded analyst estimates by 2.2%. Over the next year, revenue is forecast to grow 6.6%, compared to a 3.1% growth forecast for the Machinery industry in Sweden.
Is New 90 Day High Low • Nov 11New 90-day high: kr196The company is up 13% from its price of kr174 on 12 August 2020. The Swedish market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is kr126 per share.
Reported Earnings • Nov 11Third quarter 2020 earnings released: EPS €0.27The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: €5.67b (down 9.8% from 3Q 2019). Net income: €129.0m (down 70% from 3Q 2019). Profit margin: 2.3% (down from 6.8% in 3Q 2019). The decrease in margin was driven by lower revenue.
Price Target Changed • Nov 04Price target lowered to kr201Down from kr219, the current price target is an average from 10 analysts. The new target price is 13% above the current share price of kr178. As of last close, the stock is down 32% over the past year.