View ValuationThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsLEONI 향후 성장Future 기준 점검 4/6현재 LEONI 의 성장과 수익을 예측할 만큼 분석가의 범위가 충분하지 않습니다.핵심 정보103.4%이익 성장률103.42%EPS 성장률Auto Components 이익 성장34.0%매출 성장률0.4%향후 자기자본이익률n/a애널리스트 커버리지Low마지막 업데이트18 Jul 2023최근 향후 성장 업데이트공고 • May 13Leoni Ag Provides Earnings Outlook for the Financial Year 2022LEONI AG provided earnings outlook for the financial year 2022. For the period, the company continue to expect lower sales, EBIT before exceptional items compared to initial guidance published on February 17.공고 • Feb 18+ 1 more updateLEONI AG Provides Earnings Guidance for the Year 2022LEONI AG provided earnings guidance for the year 2022. For the year, the company expects sales to be slightly above EUR 5 billion. EBIT before exceptional items is expected to be in the mid double-digit million euros range.공고 • May 04LEONI AG Provides Earnings Guidance for the Year 2021LEONI AG provided earnings guidance for the year 2021. The Board of Directors is raising its outlook for sales and earnings for the 2021 financial year. Nevertheless, in its current assessment for 2021, the Board of Directors now expects a significant year-on-year increase in Group sales (2020: EUR 4.1 billion) (previously: only in the low double-digit percentage range). This is based on the stronger than previously expected continuation of the recovery in demand in the automotive and industrial sectors and the significantly higher copper price, which will not have a significant impact on earnings.모든 업데이트 보기Recent updatesNew Risk • Jun 18New major risk - Negative shareholders equityThe company has negative equity. Total equity: -€378m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (60% average weekly change). Negative equity (-€378m). Earnings have declined by 31% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€10.5m market cap, or US$11.5m).Reported Earnings • Jun 17Full year 2022 earnings released: €18.52 loss per share (vs €1.46 loss in FY 2021)Full year 2022 results: €18.52 loss per share (further deteriorated from €1.46 loss in FY 2021). Revenue: €5.09b (flat on FY 2021). Net loss: €604.9m (loss widened €557.2m from FY 2021). Revenue is forecast to stay flat during the next 2 years compared to a 4.6% growth forecast for the Auto Components industry in Europe.New Risk • Jun 12New major risk - Revenue and earnings growthEarnings have declined by 29% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€146m free cash flow). Share price has been highly volatile over the past 3 months (59% average weekly change). Earnings have declined by 29% per year over the past 5 years. Market cap is less than US$10m (€8.84m market cap, or US$9.50m). Minor Risk Latest financial reports are more than 6 months old (reported September 2022 fiscal period end).공고 • Jan 10LEONI AG Appoints Hans-Joachim Ziems as Chief Restructuring Officer, Effective January 10, 2023The Supervisory Board of Leoni AG resolved to appoint Hans-Joachim Ziems as Chief Restructuring Officer (CRO) to the Executive Board with effect from 10 January 2023. Since the buyer surprisingly refused to close the sale of the Business Group Automotive Cable Solutions (BG AM), Hans-Joachim Ziems is to be responsible for the necessary adjustment of the refinancing plan and its implementation. Mr. Ziems was already a member of the Executive Board of Leoni AG in the CRO function from April 2020 to March 2021.공고 • Dec 22+ 3 more updatesLEONI AG to Report Q1, 2023 Results on May 11, 2023LEONI AG announced that they will report Q1, 2023 results on May 11, 2023Reported Earnings • Nov 16Third quarter 2022 earnings released: €3.11 loss per share (vs €0.82 loss in 3Q 2021)Third quarter 2022 results: €3.11 loss per share (further deteriorated from €0.82 loss in 3Q 2021). Revenue: €955.1m (down 18% from 3Q 2021). Net loss: €101.7m (loss widened 279% from 3Q 2021). Revenue is forecast to stay flat during the next 3 years compared to a 5.1% growth forecast for the Auto Components industry in Europe. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 16Second quarter 2022 earnings released: €1.56 loss per share (vs €0.27 loss in 2Q 2021)Second quarter 2022 results: €1.56 loss per share (down from €0.27 loss in 2Q 2021). Revenue: €933.4m (down 28% from 2Q 2021). Net loss: €50.9m (loss widened 482% from 2Q 2021). Over the next year, revenue is forecast to grow 14%, compared to a 12% growth forecast for the Auto Components industry in Austria. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.공고 • May 24Stark Corporation Public Company Limited (SET:STARK) signed an agreement to acquire Business Group Automotive Cable Solutions of LEONI AG (XTRA:LEO).Stark Corporation Public Company Limited (SET:STARK) signed an agreement to acquire Business Group Automotive Cable Solutions of LEONI AG (XTRA:LEO) on May 23, 2022. The transaction has an enterprise value of €560 million. The Business Group Automotive Cable Solutions generated sales of €1.3 billion in 2021. The completion of the sale is still subject to various closing conditions, including required merger control and investment control clearances, which are expected to be granted within six months. The closing of the transaction is also subject to the approval of LEONI Group‘s financing partners. The Board of Directors and the Supervisory Board of Leoni AG as well as the Board of Stark Corporation have already approved the transaction. The Company anticipates to complete the Proposed Transaction by November 30, 2022.Reported Earnings • May 13First quarter 2022 earnings released: EPS: €1.44 (vs €0.85 in 1Q 2021)First quarter 2022 results: EPS: €1.44 (up from €0.85 in 1Q 2021). Revenue: €1.26b (down 6.8% from 1Q 2021). Net income: €47.1m (up 71% from 1Q 2021). Profit margin: 3.7% (up from 2.0% in 1Q 2021). Over the next year, revenue is expected to shrink by 2.2% compared to a 14% growth forecast for the industry in Austria. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings.공고 • May 13Leoni Ag Provides Earnings Outlook for the Financial Year 2022LEONI AG provided earnings outlook for the financial year 2022. For the period, the company continue to expect lower sales, EBIT before exceptional items compared to initial guidance published on February 17.Buying Opportunity • Mar 24Now 24% undervalued after recent price dropOver the last 90 days, the stock is down 7.6%. The fair value is estimated to be €12.37, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.9% per annum over the last 3 years. The company became loss making over the last 3 years.공고 • Feb 18+ 1 more updateLEONI AG Provides Earnings Guidance for the Year 2022LEONI AG provided earnings guidance for the year 2022. For the year, the company expects sales to be slightly above EUR 5 billion. EBIT before exceptional items is expected to be in the mid double-digit million euros range.공고 • Jan 22Bizlink Holding Inc. (TWSE:3665) completed the acquisition of Business Group Industrial Solutions from LEONI AG (XTRA:LEO).Bizlink Holding Inc. (TWSE:3665) entered into binding legal agreement to acquire Business Group Industrial Solutions from LEONI AG (XTRA:LEO) for an enterprise value of approximately €450 million on October 1, 2021. The consideration will be in cash and will be financed with existing cash and committed financing. BizLink Holding Inc. to acquire LEONI AG's Industrial Solutions business group with Speedy Industrial Supplies Ptd Ltd to fully acquire LEONI Special Cables (China) Co. Ltd., with EA Cable Assemblies GmbH to fully acquire LEONI elocab GmbH, LEONI Special Cables GmbH, Silitherm S.r.l., LEONI Industry Slovakia Spol. s.r.o., LEONI Industry Verwaltungs-GmbH, LEONI Systems Spain S.L.U. All seven legal entities listed will be 100% owned by BizLink Holding Inc. Business Group Industrial Solutions reported a revenue of €430 million in 2020. The transaction is subject to Leoni AG's financing banks, customary closing conditions and the receipt of required regulatory approvals. The Executive Board and the Supervisory Board of Leoni AG as well as the Board of Bizlink have already approved the sale. The transaction is expected to close in early 2022. The expected cash inflow of more than €300 million after deduction of, among other things, financial liabilities and pension charges is to be used by LEONI AG to improve liquidity. The transaction is expected to be accretive to Bizlink immediately upon closing. Gwyneth Gu, Thomas Gilles, Fang-Yi Jen, Joachim Ponseck, Arthur M. Swierczok, Kathrin Marchant, Johannes Teichmann, Lena Kern, Anahita Thoms, Andreas Schulz, Rembert Niebel and Sonja Klein of Baker McKenzie acted as the legal advisors to BizLink Holding. Daniel Wiegand, Elisabeth Kreuzer, Simon Patrick Link, Matthias Scheifele, Matthias Rothkopf, Dirk Uwer and Moritz Rademacher of Hengeler Mueller Partnerschaft von Rechtsanwälten mbB acted as legal advisor to LEONI AG in the transaction. Bizlink Holding Inc. (TWSE:3665) completed the acquisition of Business Group Industrial Solutions from LEONI AG (XTRA:LEO) on January 20, 2022.공고 • Dec 11Weinert Industries AG agreed to acquire J-Plasma Gmbh, LEONI Fiber Optics GmbH and LEONI Fiber Optics, Inc. from LEONI AG (XTRA:LEO).Weinert Industries AG agreed to acquire J-Plasma Gmbh, LEONI Fiber Optics GmbH and LEONI Fiber Optics, Inc. from LEONI AG (XTRA:LEO) on December 10, 2021. The closing of the transaction is still subject to the agreement of various boards as well as customary closing conditions, including merger control, and is expected in the first quarter of 2022.Reported Earnings • Nov 13Third quarter 2021 earnings released: €0.82 loss per share (vs €1.60 loss in 3Q 2020)The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: €1.17b (up 9.9% from 3Q 2020). Net loss: €26.8m (loss narrowed 49% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings.공고 • Jun 23Pierer Industrie AG made a voluntary public purchase offer to acquire an additional 9.6 % stake in LEONI AG (XTRA:LEO) for €39.2 million.Pierer Industrie AG made a voluntary public purchase offer to acquire an additional 9.6 % stake in LEONI AG (XTRA:LEO) for €39.2 million on June 22, 2021. Pursuant to the terms of the transaction, Pierer Industrie AG will acquire around 3.1 million shares in LEONI AG at €12.5 per share. As a result of the transaction, stake of Pierer Industrie AG in LEONI AG shall increase from 15.30% to 24.90%. The offer document will be published after the Federal Financial Supervisory Authority (BaFin) has authorized the publication.Reported Earnings • May 13First quarter 2021 earnings released: EPS €0.85 (vs €2.05 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €1.35b (up 20% from 1Q 2020). Net income: €27.6m (up €94.7m from 1Q 2020). Profit margin: 2.0% (up from net loss in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 36 percentage points per year, which is a significant difference in performance.공고 • May 04LEONI AG Provides Earnings Guidance for the Year 2021LEONI AG provided earnings guidance for the year 2021. The Board of Directors is raising its outlook for sales and earnings for the 2021 financial year. Nevertheless, in its current assessment for 2021, the Board of Directors now expects a significant year-on-year increase in Group sales (2020: EUR 4.1 billion) (previously: only in the low double-digit percentage range). This is based on the stronger than previously expected continuation of the recovery in demand in the automotive and industrial sectors and the significantly higher copper price, which will not have a significant impact on earnings.공고 • Mar 19LEONI AG Auditor Raises 'Going Concern' DoubtLEONI AG filed its Annual on Mar 17, 2021 for the period ending Dec 31, 2020. In this report its auditor, Deloitte & Touche LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.Reported Earnings • Mar 18Full year 2020 earnings released: €10.10 loss per share (vs €13.30 loss in FY 2019)The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: €4.13b (down 15% from FY 2019). Net loss: €329.9m (loss narrowed 24% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 95% per year but the company’s share price has only fallen by 39% per year, which means it has not declined as severely as earnings.공고 • Mar 18LEONI AG to Report Q3, 2021 Results on Nov 10, 2021LEONI AG announced that they will report Q3, 2021 results on Nov 10, 2021Is New 90 Day High Low • Feb 11New 90-day high: €14.26The company is up 125% from its price of €6.35 on 12 November 2020. The Austrian market is up 24% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components 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 €31.75 per share.Is New 90 Day High Low • Jan 26New 90-day high: €10.57The company is up 108% from its price of €5.08 on 27 October 2020. The Austrian market is up 37% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €32.64 per share.Is New 90 Day High Low • Jan 09New 90-day high: €7.56The company is up 48% from its price of €5.09 on 09 October 2020. The Austrian market is up 32% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €29.64 per share.Is New 90 Day High Low • Dec 24New 90-day high: €7.06The company is up 41% from its price of €4.99 on 24 September 2020. The Austrian market is up 25% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 26% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €33.84 per share.공고 • Nov 19LEONI AG, Annual General Meeting, May 19, 2021LEONI AG, Annual General Meeting, May 19, 2021.Is New 90 Day High Low • Nov 13New 90-day high: €6.64The company is up 1.0% from its price of €6.55 on 14 August 2020. The Austrian market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €27.76 per share.Analyst Estimate Surprise Post Earnings • Nov 12Revenue misses expectationsRevenue missed analyst estimates by 0.6%. Over the next year, revenue is forecast to grow 8.3%, compared to a 3.3% growth forecast for the Auto Components industry in Austria.Reported Earnings • Nov 12Third quarter 2020 earnings released: €1.60 loss per shareThe company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2020 results: Revenue: €1.06b (down 7.9% from 3Q 2019). Net loss: €52.3m (loss narrowed 41% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 105% per year but the company’s share price has only fallen by 52% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Oct 21New 90-day low: €4.64The company is down 40% from its price of €7.69 on 22 July 2020. The Austrian market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €28.08 per share.공고 • Oct 20LEONI AG to Report Fiscal Year 2020 Results on Mar 17, 2021LEONI AG announced that they will report fiscal year 2020 results on Mar 17, 2021공고 • Sep 24LEONI AG to Report Q1, 2021 Results on May 12, 2021LEONI AG announced that they will report Q1, 2021 results on May 12, 2021이익 및 매출 성장 예측WBAG:LEO - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20255,111220-19337112/31/20245,000134-20223112/31/20234,87436-20712112/31/20225,093-605-17163N/A9/30/20224,971-95-14642N/A6/30/20224,909-43-195-17N/A3/31/20224,995-19-9184N/A12/31/20215,119-48-24150N/A9/30/20214,258-161-7694N/A6/30/20214,428-16470250N/A3/31/20214,082-260-1766N/A12/31/20204,134-330-14255N/A9/30/20204,047-413-17036N/A6/30/20204,138-448-248-30N/A3/31/20204,712-370-77172N/A12/31/20194,846-435-323-22N/A9/30/20194,906-297-27644N/A6/30/20194,956-186-403-66N/A3/31/20195,036-100-353-10N/A12/31/20185,10176-157158N/A9/30/20185,133131-21986N/A6/30/20185,115135-113186N/A3/31/20185,031154-76217N/A12/31/20174,925147-31245N/A9/30/20174,77312428278N/A6/30/20174,65872-9217N/A3/31/20174,56436-22196N/A12/31/20164,43111-37175N/A9/30/20164,43621N/A160N/A6/30/20164,47661N/A225N/A3/31/20164,48372N/A228N/A12/31/20154,50377N/A228N/A9/30/20154,426105N/A203N/A6/30/20154,328105N/A188N/A3/31/20154,192100N/A158N/A12/31/20144,103115N/A181N/A9/30/20144,043119N/A187N/A6/30/20143,987121N/A216N/A3/31/20143,979114N/A229N/A12/31/20133,918106N/A187N/A9/30/20133,84690N/A223N/A6/30/20133,842103N/A159N/A3/31/20133,799114N/A141N/A12/31/20123,809157N/A212N/A9/30/20123,825172N/A178N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: LEO 은 향후 3년 동안 수익을 낼 것으로 예상되며, 이는 절약률(0.7%)보다 빠른 성장으로 간주됩니다.수익 vs 시장: LEO (는) 향후 3년 동안 평균 시장 성장보다 높은 수익을 올릴 것으로 예상됩니다.고성장 수익: LEO 향후 3년 내에 수익을 낼 것으로 예상됩니다.수익 대 시장: LEO 의 수익(연간 0.4%)이 Austrian 시장(연간 4.4%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: LEO 의 수익(연간 0.4%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: LEO의 자본 수익률이 3년 후 높을 것으로 예상되는지 판단하기에 데이터가 부족합니다.성장 기업 찾아보기7D1Y7D1Y7D1YAutomobiles 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2023/08/22 04:05종가2023/08/17 00:00수익2022/12/31연간 수익2022/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스LEONI AG는 13명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Klaus BreitenbachBaader Helvea Equity ResearchMark MackenzieBerenbergLars DannenbergBerenberg10명의 분석가 더 보기
공고 • May 13Leoni Ag Provides Earnings Outlook for the Financial Year 2022LEONI AG provided earnings outlook for the financial year 2022. For the period, the company continue to expect lower sales, EBIT before exceptional items compared to initial guidance published on February 17.
공고 • Feb 18+ 1 more updateLEONI AG Provides Earnings Guidance for the Year 2022LEONI AG provided earnings guidance for the year 2022. For the year, the company expects sales to be slightly above EUR 5 billion. EBIT before exceptional items is expected to be in the mid double-digit million euros range.
공고 • May 04LEONI AG Provides Earnings Guidance for the Year 2021LEONI AG provided earnings guidance for the year 2021. The Board of Directors is raising its outlook for sales and earnings for the 2021 financial year. Nevertheless, in its current assessment for 2021, the Board of Directors now expects a significant year-on-year increase in Group sales (2020: EUR 4.1 billion) (previously: only in the low double-digit percentage range). This is based on the stronger than previously expected continuation of the recovery in demand in the automotive and industrial sectors and the significantly higher copper price, which will not have a significant impact on earnings.
New Risk • Jun 18New major risk - Negative shareholders equityThe company has negative equity. Total equity: -€378m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (60% average weekly change). Negative equity (-€378m). Earnings have declined by 31% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€10.5m market cap, or US$11.5m).
Reported Earnings • Jun 17Full year 2022 earnings released: €18.52 loss per share (vs €1.46 loss in FY 2021)Full year 2022 results: €18.52 loss per share (further deteriorated from €1.46 loss in FY 2021). Revenue: €5.09b (flat on FY 2021). Net loss: €604.9m (loss widened €557.2m from FY 2021). Revenue is forecast to stay flat during the next 2 years compared to a 4.6% growth forecast for the Auto Components industry in Europe.
New Risk • Jun 12New major risk - Revenue and earnings growthEarnings have declined by 29% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€146m free cash flow). Share price has been highly volatile over the past 3 months (59% average weekly change). Earnings have declined by 29% per year over the past 5 years. Market cap is less than US$10m (€8.84m market cap, or US$9.50m). Minor Risk Latest financial reports are more than 6 months old (reported September 2022 fiscal period end).
공고 • Jan 10LEONI AG Appoints Hans-Joachim Ziems as Chief Restructuring Officer, Effective January 10, 2023The Supervisory Board of Leoni AG resolved to appoint Hans-Joachim Ziems as Chief Restructuring Officer (CRO) to the Executive Board with effect from 10 January 2023. Since the buyer surprisingly refused to close the sale of the Business Group Automotive Cable Solutions (BG AM), Hans-Joachim Ziems is to be responsible for the necessary adjustment of the refinancing plan and its implementation. Mr. Ziems was already a member of the Executive Board of Leoni AG in the CRO function from April 2020 to March 2021.
공고 • Dec 22+ 3 more updatesLEONI AG to Report Q1, 2023 Results on May 11, 2023LEONI AG announced that they will report Q1, 2023 results on May 11, 2023
Reported Earnings • Nov 16Third quarter 2022 earnings released: €3.11 loss per share (vs €0.82 loss in 3Q 2021)Third quarter 2022 results: €3.11 loss per share (further deteriorated from €0.82 loss in 3Q 2021). Revenue: €955.1m (down 18% from 3Q 2021). Net loss: €101.7m (loss widened 279% from 3Q 2021). Revenue is forecast to stay flat during the next 3 years compared to a 5.1% growth forecast for the Auto Components industry in Europe. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 16Second quarter 2022 earnings released: €1.56 loss per share (vs €0.27 loss in 2Q 2021)Second quarter 2022 results: €1.56 loss per share (down from €0.27 loss in 2Q 2021). Revenue: €933.4m (down 28% from 2Q 2021). Net loss: €50.9m (loss widened 482% from 2Q 2021). Over the next year, revenue is forecast to grow 14%, compared to a 12% growth forecast for the Auto Components industry in Austria. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
공고 • May 24Stark Corporation Public Company Limited (SET:STARK) signed an agreement to acquire Business Group Automotive Cable Solutions of LEONI AG (XTRA:LEO).Stark Corporation Public Company Limited (SET:STARK) signed an agreement to acquire Business Group Automotive Cable Solutions of LEONI AG (XTRA:LEO) on May 23, 2022. The transaction has an enterprise value of €560 million. The Business Group Automotive Cable Solutions generated sales of €1.3 billion in 2021. The completion of the sale is still subject to various closing conditions, including required merger control and investment control clearances, which are expected to be granted within six months. The closing of the transaction is also subject to the approval of LEONI Group‘s financing partners. The Board of Directors and the Supervisory Board of Leoni AG as well as the Board of Stark Corporation have already approved the transaction. The Company anticipates to complete the Proposed Transaction by November 30, 2022.
Reported Earnings • May 13First quarter 2022 earnings released: EPS: €1.44 (vs €0.85 in 1Q 2021)First quarter 2022 results: EPS: €1.44 (up from €0.85 in 1Q 2021). Revenue: €1.26b (down 6.8% from 1Q 2021). Net income: €47.1m (up 71% from 1Q 2021). Profit margin: 3.7% (up from 2.0% in 1Q 2021). Over the next year, revenue is expected to shrink by 2.2% compared to a 14% growth forecast for the industry in Austria. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings.
공고 • May 13Leoni Ag Provides Earnings Outlook for the Financial Year 2022LEONI AG provided earnings outlook for the financial year 2022. For the period, the company continue to expect lower sales, EBIT before exceptional items compared to initial guidance published on February 17.
Buying Opportunity • Mar 24Now 24% undervalued after recent price dropOver the last 90 days, the stock is down 7.6%. The fair value is estimated to be €12.37, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.9% per annum over the last 3 years. The company became loss making over the last 3 years.
공고 • Feb 18+ 1 more updateLEONI AG Provides Earnings Guidance for the Year 2022LEONI AG provided earnings guidance for the year 2022. For the year, the company expects sales to be slightly above EUR 5 billion. EBIT before exceptional items is expected to be in the mid double-digit million euros range.
공고 • Jan 22Bizlink Holding Inc. (TWSE:3665) completed the acquisition of Business Group Industrial Solutions from LEONI AG (XTRA:LEO).Bizlink Holding Inc. (TWSE:3665) entered into binding legal agreement to acquire Business Group Industrial Solutions from LEONI AG (XTRA:LEO) for an enterprise value of approximately €450 million on October 1, 2021. The consideration will be in cash and will be financed with existing cash and committed financing. BizLink Holding Inc. to acquire LEONI AG's Industrial Solutions business group with Speedy Industrial Supplies Ptd Ltd to fully acquire LEONI Special Cables (China) Co. Ltd., with EA Cable Assemblies GmbH to fully acquire LEONI elocab GmbH, LEONI Special Cables GmbH, Silitherm S.r.l., LEONI Industry Slovakia Spol. s.r.o., LEONI Industry Verwaltungs-GmbH, LEONI Systems Spain S.L.U. All seven legal entities listed will be 100% owned by BizLink Holding Inc. Business Group Industrial Solutions reported a revenue of €430 million in 2020. The transaction is subject to Leoni AG's financing banks, customary closing conditions and the receipt of required regulatory approvals. The Executive Board and the Supervisory Board of Leoni AG as well as the Board of Bizlink have already approved the sale. The transaction is expected to close in early 2022. The expected cash inflow of more than €300 million after deduction of, among other things, financial liabilities and pension charges is to be used by LEONI AG to improve liquidity. The transaction is expected to be accretive to Bizlink immediately upon closing. Gwyneth Gu, Thomas Gilles, Fang-Yi Jen, Joachim Ponseck, Arthur M. Swierczok, Kathrin Marchant, Johannes Teichmann, Lena Kern, Anahita Thoms, Andreas Schulz, Rembert Niebel and Sonja Klein of Baker McKenzie acted as the legal advisors to BizLink Holding. Daniel Wiegand, Elisabeth Kreuzer, Simon Patrick Link, Matthias Scheifele, Matthias Rothkopf, Dirk Uwer and Moritz Rademacher of Hengeler Mueller Partnerschaft von Rechtsanwälten mbB acted as legal advisor to LEONI AG in the transaction. Bizlink Holding Inc. (TWSE:3665) completed the acquisition of Business Group Industrial Solutions from LEONI AG (XTRA:LEO) on January 20, 2022.
공고 • Dec 11Weinert Industries AG agreed to acquire J-Plasma Gmbh, LEONI Fiber Optics GmbH and LEONI Fiber Optics, Inc. from LEONI AG (XTRA:LEO).Weinert Industries AG agreed to acquire J-Plasma Gmbh, LEONI Fiber Optics GmbH and LEONI Fiber Optics, Inc. from LEONI AG (XTRA:LEO) on December 10, 2021. The closing of the transaction is still subject to the agreement of various boards as well as customary closing conditions, including merger control, and is expected in the first quarter of 2022.
Reported Earnings • Nov 13Third quarter 2021 earnings released: €0.82 loss per share (vs €1.60 loss in 3Q 2020)The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: €1.17b (up 9.9% from 3Q 2020). Net loss: €26.8m (loss narrowed 49% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings.
공고 • Jun 23Pierer Industrie AG made a voluntary public purchase offer to acquire an additional 9.6 % stake in LEONI AG (XTRA:LEO) for €39.2 million.Pierer Industrie AG made a voluntary public purchase offer to acquire an additional 9.6 % stake in LEONI AG (XTRA:LEO) for €39.2 million on June 22, 2021. Pursuant to the terms of the transaction, Pierer Industrie AG will acquire around 3.1 million shares in LEONI AG at €12.5 per share. As a result of the transaction, stake of Pierer Industrie AG in LEONI AG shall increase from 15.30% to 24.90%. The offer document will be published after the Federal Financial Supervisory Authority (BaFin) has authorized the publication.
Reported Earnings • May 13First quarter 2021 earnings released: EPS €0.85 (vs €2.05 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €1.35b (up 20% from 1Q 2020). Net income: €27.6m (up €94.7m from 1Q 2020). Profit margin: 2.0% (up from net loss in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 36 percentage points per year, which is a significant difference in performance.
공고 • May 04LEONI AG Provides Earnings Guidance for the Year 2021LEONI AG provided earnings guidance for the year 2021. The Board of Directors is raising its outlook for sales and earnings for the 2021 financial year. Nevertheless, in its current assessment for 2021, the Board of Directors now expects a significant year-on-year increase in Group sales (2020: EUR 4.1 billion) (previously: only in the low double-digit percentage range). This is based on the stronger than previously expected continuation of the recovery in demand in the automotive and industrial sectors and the significantly higher copper price, which will not have a significant impact on earnings.
공고 • Mar 19LEONI AG Auditor Raises 'Going Concern' DoubtLEONI AG filed its Annual on Mar 17, 2021 for the period ending Dec 31, 2020. In this report its auditor, Deloitte & Touche LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.
Reported Earnings • Mar 18Full year 2020 earnings released: €10.10 loss per share (vs €13.30 loss in FY 2019)The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: €4.13b (down 15% from FY 2019). Net loss: €329.9m (loss narrowed 24% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 95% per year but the company’s share price has only fallen by 39% per year, which means it has not declined as severely as earnings.
공고 • Mar 18LEONI AG to Report Q3, 2021 Results on Nov 10, 2021LEONI AG announced that they will report Q3, 2021 results on Nov 10, 2021
Is New 90 Day High Low • Feb 11New 90-day high: €14.26The company is up 125% from its price of €6.35 on 12 November 2020. The Austrian market is up 24% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components 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 €31.75 per share.
Is New 90 Day High Low • Jan 26New 90-day high: €10.57The company is up 108% from its price of €5.08 on 27 October 2020. The Austrian market is up 37% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €32.64 per share.
Is New 90 Day High Low • Jan 09New 90-day high: €7.56The company is up 48% from its price of €5.09 on 09 October 2020. The Austrian market is up 32% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €29.64 per share.
Is New 90 Day High Low • Dec 24New 90-day high: €7.06The company is up 41% from its price of €4.99 on 24 September 2020. The Austrian market is up 25% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 26% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €33.84 per share.
공고 • Nov 19LEONI AG, Annual General Meeting, May 19, 2021LEONI AG, Annual General Meeting, May 19, 2021.
Is New 90 Day High Low • Nov 13New 90-day high: €6.64The company is up 1.0% from its price of €6.55 on 14 August 2020. The Austrian market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €27.76 per share.
Analyst Estimate Surprise Post Earnings • Nov 12Revenue misses expectationsRevenue missed analyst estimates by 0.6%. Over the next year, revenue is forecast to grow 8.3%, compared to a 3.3% growth forecast for the Auto Components industry in Austria.
Reported Earnings • Nov 12Third quarter 2020 earnings released: €1.60 loss per shareThe company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2020 results: Revenue: €1.06b (down 7.9% from 3Q 2019). Net loss: €52.3m (loss narrowed 41% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 105% per year but the company’s share price has only fallen by 52% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Oct 21New 90-day low: €4.64The company is down 40% from its price of €7.69 on 22 July 2020. The Austrian market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €28.08 per share.
공고 • Oct 20LEONI AG to Report Fiscal Year 2020 Results on Mar 17, 2021LEONI AG announced that they will report fiscal year 2020 results on Mar 17, 2021
공고 • Sep 24LEONI AG to Report Q1, 2021 Results on May 12, 2021LEONI AG announced that they will report Q1, 2021 results on May 12, 2021