View Future GrowthRATH 과거 순이익 실적과거 기준 점검 0/6RATH 의 수입은 연평균 -39.2%의 비율로 감소해 온 반면, Basic Materials 산업은 연평균 1%의 비율로 증가했습니다. 매출은 연평균 3.1%의 비율로 증가해 왔습니다.핵심 정보-39.23%순이익 성장률-39.25%주당순이익(EPS) 성장률Basic Materials 산업 성장률8.23%매출 성장률3.12%자기자본이익률-19.90%순이익률-9.27%최근 순이익 업데이트31 Dec 2025최근 과거 실적 업데이트Reported Earnings • May 07Full year 2025 earnings released: €5.88 loss per share (vs €0.93 loss in FY 2024)Full year 2025 results: €5.88 loss per share (further deteriorated from €0.93 loss in FY 2024). Revenue: €95.2m (down 16% from FY 2024). Net loss: €8.82m (loss widened €7.43m from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 109 percentage points per year, which is a significant difference in performance.Reported Earnings • Oct 05First half 2024 earnings released: €0.84 loss per share (vs €2.75 profit in 1H 2023)First half 2024 results: €0.84 loss per share (down from €2.75 profit in 1H 2023). Revenue: €56.6m (down 7.5% from 1H 2023). Net loss: €1.27m (down 131% from profit in 1H 2023). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.분석 기사 • Apr 17Investors Shouldn't Be Too Comfortable With RATH's (VIE:RAT) EarningsInvestors were disappointed with RATH Aktiengesellschaft's ( VIE:RAT ) earnings, despite the strong profit numbers. We...Reported Earnings • Apr 10Full year 2023 earnings released: EPS: €3.51 (vs €2.82 in FY 2022)Full year 2023 results: EPS: €3.51 (up from €2.82 in FY 2022). Revenue: €123.7m (up 4.8% from FY 2022). Net income: €5.26m (up 25% from FY 2022). Profit margin: 4.3% (up from 3.6% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Reported Earnings • Oct 06First half 2023 earnings released: EPS: €2.75 (vs €1.87 in 1H 2022)First half 2023 results: EPS: €2.75 (up from €1.87 in 1H 2022). Revenue: €61.2m (up 10% from 1H 2022). Net income: €4.12m (up 47% from 1H 2022). Profit margin: 6.7% (up from 5.0% in 1H 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.Reported Earnings • Oct 02First half 2022 earnings released: EPS: €1.87 (vs €2.86 in 1H 2021)First half 2022 results: EPS: €1.87 (down from €2.86 in 1H 2021). Revenue: €56.0m (up 22% from 1H 2021). Net income: €2.80m (down 35% from 1H 2021). Profit margin: 5.0% (down from 9.3% in 1H 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.모든 업데이트 보기Recent updatesReported Earnings • May 07Full year 2025 earnings released: €5.88 loss per share (vs €0.93 loss in FY 2024)Full year 2025 results: €5.88 loss per share (further deteriorated from €0.93 loss in FY 2024). Revenue: €95.2m (down 16% from FY 2024). Net loss: €8.82m (loss widened €7.43m from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 109 percentage points per year, which is a significant difference in performance.New Risk • Apr 18New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Shares are highly illiquid. Earnings have declined by 12% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Market cap is less than US$100m (€31.2m market cap, or US$36.7m).분석 기사 • Nov 12Health Check: How Prudently Does RATH (VIE:RAT) Use Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...New Risk • Oct 05New major risk - Revenue and earnings growthEarnings have declined by 12% 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 Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Shares are highly illiquid. Earnings have declined by 12% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€37.5m market cap, or US$44.0m).공시 • May 20RATH Aktiengesellschaft, Annual General Meeting, Jun 05, 2025RATH Aktiengesellschaft, Annual General Meeting, Jun 05, 2025.Reported Earnings • Oct 05First half 2024 earnings released: €0.84 loss per share (vs €2.75 profit in 1H 2023)First half 2024 results: €0.84 loss per share (down from €2.75 profit in 1H 2023). Revenue: €56.6m (down 7.5% from 1H 2023). Net loss: €1.27m (down 131% from profit in 1H 2023). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.New Risk • Oct 03New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.3x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Shares are highly illiquid. Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Market cap is less than US$100m (€39.0m market cap, or US$43.1m).분석 기사 • Apr 17Investors Shouldn't Be Too Comfortable With RATH's (VIE:RAT) EarningsInvestors were disappointed with RATH Aktiengesellschaft's ( VIE:RAT ) earnings, despite the strong profit numbers. We...Reported Earnings • Apr 10Full year 2023 earnings released: EPS: €3.51 (vs €2.82 in FY 2022)Full year 2023 results: EPS: €3.51 (up from €2.82 in FY 2022). Revenue: €123.7m (up 4.8% from FY 2022). Net income: €5.26m (up 25% from FY 2022). Profit margin: 4.3% (up from 3.6% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.분석 기사 • Apr 03Return Trends At RATH (VIE:RAT) Aren't AppealingFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Valuation Update With 7 Day Price Move • Dec 20Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to €27.20, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 9x in the Basic Materials industry in Europe. Total returns to shareholders of 26% over the past three years.분석 기사 • Dec 20These 4 Measures Indicate That RATH (VIE:RAT) Is Using Debt Reasonably WellDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...분석 기사 • Nov 15RATH's (VIE:RAT) Returns Have Hit A WallWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...Valuation Update With 7 Day Price Move • Nov 15Investor sentiment improves as stock rises 21%After last week's 21% share price gain to €33.00, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 8x in the Basic Materials industry in Europe. Total returns to shareholders of 56% over the past three years.Reported Earnings • Oct 06First half 2023 earnings released: EPS: €2.75 (vs €1.87 in 1H 2022)First half 2023 results: EPS: €2.75 (up from €1.87 in 1H 2022). Revenue: €61.2m (up 10% from 1H 2022). Net income: €4.12m (up 47% from 1H 2022). Profit margin: 6.7% (up from 5.0% in 1H 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.분석 기사 • Apr 28Be Wary Of RATH (VIE:RAT) And Its Returns On CapitalIf you're looking for a multi-bagger, there's a few things to keep an eye out for. One common approach is to try and...분석 기사 • Nov 06Here's Why RATH (VIE:RAT) Has A Meaningful Debt BurdenThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Reported Earnings • Oct 02First half 2022 earnings released: EPS: €1.87 (vs €2.86 in 1H 2021)First half 2022 results: EPS: €1.87 (down from €2.86 in 1H 2021). Revenue: €56.0m (up 22% from 1H 2021). Net income: €2.80m (down 35% from 1H 2021). Profit margin: 5.0% (down from 9.3% in 1H 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improved over the past weekAfter last week's 30% share price gain to €30.00, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 9x in the Basic Materials industry in Europe. Total returns to shareholders of 11% over the past three years.분석 기사 • Jun 30Investors Could Be Concerned With RATH's (VIE:RAT) Returns On CapitalIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Reported Earnings • May 03Full year 2021 earnings released: EPS: €2.88 (vs €1.66 loss in FY 2020)Full year 2021 results: EPS: €2.88 (up from €1.66 loss in FY 2020). Revenue: €98.9m (up 14% from FY 2020). Net income: €4.31m (up €6.80m from FY 2020). Profit margin: 4.4% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.분석 기사 • Dec 01Is RATH (VIE:RAT) A Risky Investment?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...Reported Earnings • Oct 07First half 2021 earnings released: EPS €2.86 (vs €0.85 in 1H 2020)The company reported a decent first half result with improved earnings and profit margins, although revenues were flat. First half 2021 results: Revenue: €45.9m (flat on 1H 2020). Net income: €4.29m (up 237% from 1H 2020). Profit margin: 9.3% (up from 2.8% in 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance.분석 기사 • Sep 30Some Investors May Be Worried About RATH's (VIE:RAT) Returns On CapitalTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'd want to...Upcoming Dividend • Jun 01Upcoming dividend of €0.33 per shareEligible shareholders must have bought the stock before 08 June 2021. Payment date: 10 June 2021. Trailing yield: 1.2%. Lower than top quartile of Austrian dividend payers (3.2%). Lower than average of industry peers (2.7%).분석 기사 • May 06We Think RATH (VIE:RAT) Is Taking Some Risk With Its DebtThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Reported Earnings • May 05Full year 2020 earnings released: €1.66 loss per share (vs €2.47 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: €87.5m (down 13% from FY 2019). Net loss: €2.48m (down 167% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Mar 04Investor sentiment improved over the past weekAfter last week's 17% share price gain to €27.00, the stock is trading at a trailing P/E ratio of 24.8x, up from the previous P/E ratio of 21.1x. This compares to an average P/E of 18x in the Basic Materials industry in Europe. Total returns to shareholders over the past three years are 69%.분석 기사 • Mar 02Here's What To Make Of RATH's (VIE:RAT) Returns On CapitalThere are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and...Valuation Update With 7 Day Price Move • Feb 09Investor sentiment improved over the past weekAfter last week's 19% share price gain to €27.80, the stock is trading at a trailing P/E ratio of 25.5x, up from the previous P/E ratio of 21.5x. This compares to an average P/E of 17x in the Basic Materials industry in Europe. Total returns to shareholders over the past three years are 74%.분석 기사 • Nov 30Should You Be Impressed By RATH's (VIE:RAT) Returns on Capital?If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'll want to see a proven...Reported Earnings • Sep 27First half earnings releasedOver the last 12 months the company has reported total profits of €1.63m, down 74% from the prior year. Total revenue was €95.7m over the last 12 months, down 2.8% from the prior year.매출 및 비용 세부 내역RATH가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이WBAG:RAT 매출, 비용 및 순이익 (EUR Millions)날짜매출순이익일반관리비연구개발비31 Dec 2595-937030 Sep 2599-738030 Jun 25103-541031 Mar 25108-342031 Dec 24113-142030 Sep 24115-142030 Jun 24118041031 Mar 24120341031 Dec 23122540030 Sep 23123540030 Jun 23124640031 Mar 23121538031 Dec 22118437030 Sep 22113436030 Jun 22108335031 Mar 22103434031 Dec 2198434030 Sep 2193233030 Jun 2187133031 Mar 2187-132031 Dec 2087-231030 Sep 2091032030 Jun 2096233031 Mar 2098333031 Dec 19101433030 Sep 1999532030 Jun 1998631031 Mar 1996630031 Dec 1895630030 Sep 1895529030 Jun 1896529031 Mar 1891428031 Dec 1787227030 Sep 1785327030 Jun 1782327031 Mar 1782427031 Dec 1681428030 Sep 1681327030 Jun 1682227031 Mar 1682327031 Dec 1582427030 Sep 1580426030 Jun 15784260양질의 수익: RAT 은(는) 현재 수익성이 없습니다.이익 마진 증가: RAT는 현재 수익성이 없습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: RAT은 수익성이 없으며 지난 5년 동안 손실이 연평균 39.2% 증가했습니다.성장 가속화: 현재 수익성이 없어 지난 1년간 RAT의 수익 성장률을 5년 평균과 비교할 수 없습니다.수익 대 산업: RAT은 수익성이 없어 지난 해 수익 성장률을 Basic Materials 업계(-2.5%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: RAT는 현재 수익성이 없으므로 자본 수익률이 음수(-19.9%)입니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YMaterials 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/25 19:10종가2026/05/18 00:00수익2025/12/31연간 수익2025/12/31데이터 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 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.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 소스RATH Aktiengesellschaft는 0명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
Reported Earnings • May 07Full year 2025 earnings released: €5.88 loss per share (vs €0.93 loss in FY 2024)Full year 2025 results: €5.88 loss per share (further deteriorated from €0.93 loss in FY 2024). Revenue: €95.2m (down 16% from FY 2024). Net loss: €8.82m (loss widened €7.43m from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 109 percentage points per year, which is a significant difference in performance.
Reported Earnings • Oct 05First half 2024 earnings released: €0.84 loss per share (vs €2.75 profit in 1H 2023)First half 2024 results: €0.84 loss per share (down from €2.75 profit in 1H 2023). Revenue: €56.6m (down 7.5% from 1H 2023). Net loss: €1.27m (down 131% from profit in 1H 2023). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
분석 기사 • Apr 17Investors Shouldn't Be Too Comfortable With RATH's (VIE:RAT) EarningsInvestors were disappointed with RATH Aktiengesellschaft's ( VIE:RAT ) earnings, despite the strong profit numbers. We...
Reported Earnings • Apr 10Full year 2023 earnings released: EPS: €3.51 (vs €2.82 in FY 2022)Full year 2023 results: EPS: €3.51 (up from €2.82 in FY 2022). Revenue: €123.7m (up 4.8% from FY 2022). Net income: €5.26m (up 25% from FY 2022). Profit margin: 4.3% (up from 3.6% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Reported Earnings • Oct 06First half 2023 earnings released: EPS: €2.75 (vs €1.87 in 1H 2022)First half 2023 results: EPS: €2.75 (up from €1.87 in 1H 2022). Revenue: €61.2m (up 10% from 1H 2022). Net income: €4.12m (up 47% from 1H 2022). Profit margin: 6.7% (up from 5.0% in 1H 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Oct 02First half 2022 earnings released: EPS: €1.87 (vs €2.86 in 1H 2021)First half 2022 results: EPS: €1.87 (down from €2.86 in 1H 2021). Revenue: €56.0m (up 22% from 1H 2021). Net income: €2.80m (down 35% from 1H 2021). Profit margin: 5.0% (down from 9.3% in 1H 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
Reported Earnings • May 07Full year 2025 earnings released: €5.88 loss per share (vs €0.93 loss in FY 2024)Full year 2025 results: €5.88 loss per share (further deteriorated from €0.93 loss in FY 2024). Revenue: €95.2m (down 16% from FY 2024). Net loss: €8.82m (loss widened €7.43m from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 109 percentage points per year, which is a significant difference in performance.
New Risk • Apr 18New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Shares are highly illiquid. Earnings have declined by 12% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Market cap is less than US$100m (€31.2m market cap, or US$36.7m).
분석 기사 • Nov 12Health Check: How Prudently Does RATH (VIE:RAT) Use Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
New Risk • Oct 05New major risk - Revenue and earnings growthEarnings have declined by 12% 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 Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Shares are highly illiquid. Earnings have declined by 12% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€37.5m market cap, or US$44.0m).
공시 • May 20RATH Aktiengesellschaft, Annual General Meeting, Jun 05, 2025RATH Aktiengesellschaft, Annual General Meeting, Jun 05, 2025.
Reported Earnings • Oct 05First half 2024 earnings released: €0.84 loss per share (vs €2.75 profit in 1H 2023)First half 2024 results: €0.84 loss per share (down from €2.75 profit in 1H 2023). Revenue: €56.6m (down 7.5% from 1H 2023). Net loss: €1.27m (down 131% from profit in 1H 2023). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
New Risk • Oct 03New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.3x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Shares are highly illiquid. Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Market cap is less than US$100m (€39.0m market cap, or US$43.1m).
분석 기사 • Apr 17Investors Shouldn't Be Too Comfortable With RATH's (VIE:RAT) EarningsInvestors were disappointed with RATH Aktiengesellschaft's ( VIE:RAT ) earnings, despite the strong profit numbers. We...
Reported Earnings • Apr 10Full year 2023 earnings released: EPS: €3.51 (vs €2.82 in FY 2022)Full year 2023 results: EPS: €3.51 (up from €2.82 in FY 2022). Revenue: €123.7m (up 4.8% from FY 2022). Net income: €5.26m (up 25% from FY 2022). Profit margin: 4.3% (up from 3.6% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
분석 기사 • Apr 03Return Trends At RATH (VIE:RAT) Aren't AppealingFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Valuation Update With 7 Day Price Move • Dec 20Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to €27.20, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 9x in the Basic Materials industry in Europe. Total returns to shareholders of 26% over the past three years.
분석 기사 • Dec 20These 4 Measures Indicate That RATH (VIE:RAT) Is Using Debt Reasonably WellDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
분석 기사 • Nov 15RATH's (VIE:RAT) Returns Have Hit A WallWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...
Valuation Update With 7 Day Price Move • Nov 15Investor sentiment improves as stock rises 21%After last week's 21% share price gain to €33.00, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 8x in the Basic Materials industry in Europe. Total returns to shareholders of 56% over the past three years.
Reported Earnings • Oct 06First half 2023 earnings released: EPS: €2.75 (vs €1.87 in 1H 2022)First half 2023 results: EPS: €2.75 (up from €1.87 in 1H 2022). Revenue: €61.2m (up 10% from 1H 2022). Net income: €4.12m (up 47% from 1H 2022). Profit margin: 6.7% (up from 5.0% in 1H 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
분석 기사 • Apr 28Be Wary Of RATH (VIE:RAT) And Its Returns On CapitalIf you're looking for a multi-bagger, there's a few things to keep an eye out for. One common approach is to try and...
분석 기사 • Nov 06Here's Why RATH (VIE:RAT) Has A Meaningful Debt BurdenThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Reported Earnings • Oct 02First half 2022 earnings released: EPS: €1.87 (vs €2.86 in 1H 2021)First half 2022 results: EPS: €1.87 (down from €2.86 in 1H 2021). Revenue: €56.0m (up 22% from 1H 2021). Net income: €2.80m (down 35% from 1H 2021). Profit margin: 5.0% (down from 9.3% in 1H 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Sep 30Investor sentiment improved over the past weekAfter last week's 30% share price gain to €30.00, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 9x in the Basic Materials industry in Europe. Total returns to shareholders of 11% over the past three years.
분석 기사 • Jun 30Investors Could Be Concerned With RATH's (VIE:RAT) Returns On CapitalIf you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Reported Earnings • May 03Full year 2021 earnings released: EPS: €2.88 (vs €1.66 loss in FY 2020)Full year 2021 results: EPS: €2.88 (up from €1.66 loss in FY 2020). Revenue: €98.9m (up 14% from FY 2020). Net income: €4.31m (up €6.80m from FY 2020). Profit margin: 4.4% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
분석 기사 • Dec 01Is RATH (VIE:RAT) A Risky Investment?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Reported Earnings • Oct 07First half 2021 earnings released: EPS €2.86 (vs €0.85 in 1H 2020)The company reported a decent first half result with improved earnings and profit margins, although revenues were flat. First half 2021 results: Revenue: €45.9m (flat on 1H 2020). Net income: €4.29m (up 237% from 1H 2020). Profit margin: 9.3% (up from 2.8% in 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance.
분석 기사 • Sep 30Some Investors May Be Worried About RATH's (VIE:RAT) Returns On CapitalTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'd want to...
Upcoming Dividend • Jun 01Upcoming dividend of €0.33 per shareEligible shareholders must have bought the stock before 08 June 2021. Payment date: 10 June 2021. Trailing yield: 1.2%. Lower than top quartile of Austrian dividend payers (3.2%). Lower than average of industry peers (2.7%).
분석 기사 • May 06We Think RATH (VIE:RAT) Is Taking Some Risk With Its DebtThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Reported Earnings • May 05Full year 2020 earnings released: €1.66 loss per share (vs €2.47 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: €87.5m (down 13% from FY 2019). Net loss: €2.48m (down 167% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Mar 04Investor sentiment improved over the past weekAfter last week's 17% share price gain to €27.00, the stock is trading at a trailing P/E ratio of 24.8x, up from the previous P/E ratio of 21.1x. This compares to an average P/E of 18x in the Basic Materials industry in Europe. Total returns to shareholders over the past three years are 69%.
분석 기사 • Mar 02Here's What To Make Of RATH's (VIE:RAT) Returns On CapitalThere are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and...
Valuation Update With 7 Day Price Move • Feb 09Investor sentiment improved over the past weekAfter last week's 19% share price gain to €27.80, the stock is trading at a trailing P/E ratio of 25.5x, up from the previous P/E ratio of 21.5x. This compares to an average P/E of 17x in the Basic Materials industry in Europe. Total returns to shareholders over the past three years are 74%.
분석 기사 • Nov 30Should You Be Impressed By RATH's (VIE:RAT) Returns on Capital?If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'll want to see a proven...
Reported Earnings • Sep 27First half earnings releasedOver the last 12 months the company has reported total profits of €1.63m, down 74% from the prior year. Total revenue was €95.7m over the last 12 months, down 2.8% from the prior year.