View Financial HealthThis company listing is no longer activeThis company may still be operating, however this listing is no longer active.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 EventsSchaeffler 배당 및 자사주 매입배당 기준 점검 2/6Schaeffler 은(는) 현재 수익률이 9.71% 인 배당금 지급 회사입니다.핵심 정보9.7%배당 수익률n/a자사주 매입 수익률총 주주 수익률n/a미래 배당 수익률12.8%배당 성장률-0.02%다음 배당 지급일n/a배당락일n/a주당 배당금n/a배당 성향97%최근 배당 및 자사주 매입 업데이트Upcoming Dividend • Apr 19Upcoming dividend of €0.45 per shareEligible shareholders must have bought the stock before 26 April 2024. Payment date: 30 April 2024. Payout ratio is on the higher end at 97%, however this is supported by cash flows. Trailing yield: 7.2%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.0%).Declared Dividend • Feb 05Dividend of €0.45 announcedShareholders will receive a dividend of €0.45. Ex-date: 26th April 2024 Payment date: 30th April 2024 Dividend yield will be 7.5%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (63% cash payout ratio). The dividend has increased by an average of 3.2% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 3.6% over the next 2 years, which should provide support to the dividend and adequate earnings cover.Upcoming Dividend • Apr 14Upcoming dividend of €0.45 per share at 6.2% yieldEligible shareholders must have bought the stock before 21 April 2023. Payment date: 25 April 2023. Payout ratio is a comfortable 54% and the cash payout ratio is 94%. Trailing yield: 6.2%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.4%).Upcoming Dividend • Apr 20Upcoming dividend of €0.25 per shareEligible shareholders must have bought the stock before 26 April 2021. Payment date: 28 April 2021. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (3.1%). Higher than average of industry peers (2.0%).모든 업데이트 보기Recent updates공시 • Oct 02Schaeffler AG (XTRA:SHA) completed the acquisition of additional 11.18649% stake in Vitesco Technologies Group Aktiengesellschaft (XTRA:VTSC).Schaeffler AG (XTRA:SHA) reached preliminarily agreement to acquire additional 11.18649% stake in Vitesco Technologies Group Aktiengesellschaft (XTRA:VTSC) for approximately €320 million on February 26, 2024. Vitesco Technologies has preliminarily agreed with Schaeffler on an exchange ratio between Vitesco Technologies shares and Schaeffler shares of 11.4 Schaeffler shares for 1 Vitesco Technologies share in the context of the intended merger with Vitesco Technologies as the transferring entity into Schaeffler as the acquiring entity. IHO, the management holding of the Schaeffler family, continues to hold approximately 49.94% the shares in Vitesco. Together with the IHO Holding, Schaeffler now holds approximately 88.81% of the share capital and voting rights in Vitesco. This agreement is subject to the condition that the joint valuation expert appointed by both parties and the court-appointed merger auditor confirm the exchange ratio as appropriate. In addition, the agreement is also subject to the approval of the supervisory boards of Vitesco Technologies and Schaeffler. The effectiveness of the merger agreement is subject to the approval of the respective Annual General Meetings of both companies, which are scheduled for April 24, 2024 (Vitesco Technologies) and April 25, 2024 (Schaeffler), as well as the subsequent registration in the respective commercial registers. The completion of the transaction continues to be expected in the fourth quarter of 2024. As of March 13, 2024. Schaeffler and Vitesco Technologies entered into a merger agreement, following the approval of their respective Supervisory Boards. Lazard & Co. GmbH acted as financial advisor to Vitesco Technologies. BofA Securities, Inc. acted as financial advisor to Schaeffler AG. As on April 25, 2024, The Annual General Meeting of Schaeffler AG approved the merger of Vitesco Technologies. After Vitesco shareholders at their Annual General Meeting had already voted in favour of the merger agreement the day before, the Annual General Meeting of Schaeffler has also given the green light for the merger. Today’s Annual General Meeting also approved all other resolutions proposed by the management. Schaeffler AG (XTRA:SHA) completed the acquisition of additional 11.18649% stake in Vitesco Technologies Group Aktiengesellschaft (XTRA:VTSC) on October 1, 2024. Listing of and trading in the new Schaeffler shares with full voting rights will commence on October 2, 2024. J.P. Morgan Securities plc acted as financial advisor and fairness opinion provider to Vitesco Technologies Group Aktiengesellschaft.Price Target Changed • Oct 01Price target decreased by 9.5% to €6.08Down from €6.72, the current price target is an average from 10 analysts. New target price is 31% above last closing price of €4.63. Stock is down 14% over the past year. The company is forecast to post earnings per share of €0.60 for next year compared to €0.47 last year.공시 • Sep 28Schaeffler AG Announces Chief Financial Officer ChangesSchaeffler AG announced that it has appointed Christophe Hannequin as chief financial officer, effective October 1, 2025. He will succeed Claus Bauer, who will fulfill his contract until the end of its term on August 31, 2025. Hannequin has been the group chief financial officer at the JCB Group in Britain, since 2022. Earlier, he held various management positions primarily in the field of finance at Michelin in the US, Canada, and France.Major Estimate Revision • Sep 11Consensus EPS estimates increase by 11%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from €0.545 to €0.605. Revenue forecast steady at €18.2b. Net income forecast to grow 105% next year vs 30% growth forecast for Auto Components industry in Germany. Consensus price target broadly unchanged at €6.67. Share price fell 9.1% to €4.17 over the past week.Major Estimate Revision • Aug 12Consensus EPS estimates fall by 25%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from €0.724 to €0.545 per share. Revenue forecast steady at €18.2b. Net income forecast to grow 122% next year vs 10% growth forecast for Auto Components industry in Germany. Consensus price target broadly unchanged at €6.72. Share price fell 3.0% to €4.64 over the past week.Reported Earnings • Aug 07Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2024 results: EPS: €0.04 (down from €0.21 in 2Q 2023). Revenue: €4.19b (up 3.3% from 2Q 2023). Net income: €33.0m (down 76% from 2Q 2023). Profit margin: 0.8% (down from 3.4% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) missed analyst estimates by 80%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 14% per year.Buy Or Sell Opportunity • Jul 24Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 19% to €5.12. The fair value is estimated to be €6.49, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 40% in 2 years. Earnings are forecast to grow by 106% in the next 2 years.Buy Or Sell Opportunity • Jun 13Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 11% to €5.63. The fair value is estimated to be €7.09, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 38% in 2 years. Earnings are forecast to grow by 121% in the next 2 years.Price Target Changed • Jun 06Price target increased by 9.1% to €7.31Up from €6.70, the current price target is an average from 9 analysts. New target price is 25% above last closing price of €5.83. Stock is down 2.3% over the past year. The company is forecast to post earnings per share of €0.80 for next year compared to €0.47 last year.Buy Or Sell Opportunity • May 23Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 6.0% to €5.92. The fair value is estimated to be €7.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 41% in 2 years. Earnings are forecast to grow by 116% in the next 2 years.Price Target Changed • May 08Price target increased by 8.9% to €6.96Up from €6.39, the current price target is an average from 7 analysts. New target price is 11% above last closing price of €6.26. Stock is up 5.7% over the past year. The company is forecast to post earnings per share of €0.77 for next year compared to €0.47 last year.Reported Earnings • May 07First quarter 2024 earnings releasedFirst quarter 2024 results: EPS: €0.35. Revenue: €4.09b (down 1.6% from 1Q 2023). Net income: €231.0m (up 79% from 1Q 2023). Profit margin: 5.7% (up from 3.1% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.Buy Or Sell Opportunity • Apr 30Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 6.8% to €5.48. The fair value is estimated to be €6.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 6.4% per annum. Earnings are also forecast to grow by 34% per annum over the same time period.Upcoming Dividend • Apr 19Upcoming dividend of €0.45 per shareEligible shareholders must have bought the stock before 26 April 2024. Payment date: 30 April 2024. Payout ratio is on the higher end at 97%, however this is supported by cash flows. Trailing yield: 7.2%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.0%).Major Estimate Revision • Mar 20Consensus EPS estimates fall by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €17.4b to €16.9b. EPS estimate also fell from €1.11 per share to €0.979 per share. Net income forecast to grow 121% next year vs 32% growth forecast for Auto Components industry in Germany. Consensus price target up from €6.39 to €6.64. Share price was steady at €6.38 over the past week.Price Target Changed • Mar 18Price target increased by 9.1% to €6.64Up from €6.09, the current price target is an average from 7 analysts. New target price is 5.1% above last closing price of €6.32. Stock is up 0.08% over the past year. The company is forecast to post earnings per share of €0.98 for next year compared to €0.46 last year.Reported Earnings • Mar 06Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: €0.46 (down from €0.84 in FY 2022). Revenue: €16.3b (up 3.2% from FY 2022). Net income: €310.0m (down 44% from FY 2022). Profit margin: 1.9% (down from 3.5% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 48%. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Declared Dividend • Feb 05Dividend of €0.45 announcedShareholders will receive a dividend of €0.45. Ex-date: 26th April 2024 Payment date: 30th April 2024 Dividend yield will be 7.5%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (63% cash payout ratio). The dividend has increased by an average of 3.2% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 3.6% over the next 2 years, which should provide support to the dividend and adequate earnings cover.공시 • Jan 24Schaeffler AG (XTRA:SHA) entered into an agreement to acquire additional 9% stake in Vitesco Technologies Group Aktiengesellschaft (XTRA:VTSC) from BofA Securities Europe SA.Schaeffler AG (XTRA:SHA) entered into an agreement to acquire additional 9% stake in Vitesco Technologies Group Aktiengesellschaft (XTRA:VTSC) from BofA Securities Europe SA on January 23, 2024. As part of acquisition, Schaeffler will acquire 3.6 million shares. After completion of acquisition, Schaeffler holding in Vitesco Technologies will increases to approximately 38.87%.공시 • Nov 20Schaeffler AG Appoints Astrid Fontaine as Chief Human Resources OfficerThe Supervisory Board of Schaeffler AG has appointed Dr. Astrid Fontaine as Chief Human Resources Officer and as a full member of the Board of Managing Directors of Schaeffler AG, effective January 1, 2024. Dr. Fontaine has extensive and long-term international experience in the HR departments of well-known major automobile manufacturers. Dr. Astrid Fontaine is coming to Schaeffler from the Volkswagen Group, where she was most recently responsible for “People & Transformation” on the Board of Management at Volkswagen Commercial Vehicles since September 2021. Before that, she was Head of “People, Digitalization and IT” at Bentley Motors in the UK from January 2018 to August 2021, also at Board level. Other activities in HR between 1994 and 2017 included positions at Porsche Cars North America and at DaimlerChrysler and Mercedes-Benz AG in Germany and the US. Dr. Fontaine, who has both German and US citizenship, holds multiple Supervisory Board mandates within the Volkswagen Group. She has a degree in business administration and mechanical engineering and was awarded a doctorate in the field of “Information Systems” after completing a PhD program in the US. She has been a member of the Expert Group on the Transformation of the Automotive Industry at the German Federal Ministry of Economics since 2022.Reported Earnings • Nov 09Third quarter 2023 earnings: EPS misses analyst expectationsThird quarter 2023 results: EPS: €0.22. Revenue: €4.06b (down 4.2% from 3Q 2022). Net income: €150.0m (down 11% from 3Q 2022). Profit margin: 3.7% (down from 4.0% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 11%. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Auto Components industry in Germany.공시 • Oct 27Schaeffler AG (XTRA:SHA) acquired Aerosint from Desktop Metal, Inc. (NYSE:DM).Schaeffler AG (XTRA:SHA) acquired Aerosint from Desktop Metal, Inc. (NYSE:DM) on October 26, 2023. The startup will be renamed Schaeffler Aerosint SA and integrated into the Schaeffler Group as an additional location for Schaeffler Special Machinery, the Schaeffler Groups special machine construction unit. Desktop Metal will continue to work with Schaeffler on developing the technology for binder jet 3D printing, where Desktop Metal retains an option for commercial use.Schaeffler AG (XTRA:SHA) completed the acquisition of Aerosint from Desktop Metal, Inc. (NYSE:DM) on October 26, 2023.공시 • Oct 11Schaeffler AG (XTRA:SHA) made a bid to acquire 50.1% stake in Vitesco Technologies Group Aktiengesellschaft (XTRA:VTSC) for €1.8 billion.Schaeffler AG (XTRA:SHA) made a bid to acquire 50.1% stake in Vitesco Technologies Group Aktiengesellschaft (XTRA:VTSC) for €1.8 billion on October 9, 2023. Vitesco shareholders are offered a cash consideration in the amount of €91 per share. The tender offer will not be subject to a minimum acceptance threshold but to other customary conditions, including the receipt of potentially applicable foreign direct investment approval. The transaction should be wrapped up in the fourth quarter of 2024, subject to shareholder approval. IHO Holding does not tender because they have entered into a non-tender agreement. So the offer is for the remaining outstanding shares approximately 20 million shares. Schaeffler has arranged a comprehensive financing package including an acquisition bridge facility to finance the tender offer. The financing package is fully underwritten by Bank of America, BNP Paribas and Citigroup, which act as financial advisors to Schaeffler. The acceptance period is expected to last until mid-December 2023. Schaeffler expects the tender offer to be closed in January 2024. The completion of the overall transaction is expected to take place in the fourth quarter of 2024.공시 • Aug 19Schaeffler AG Develops Next-Generation Bipolar Plates for Fuel Cell DrivesSchaeffler AG is demonstrating its development capabilities in the field of hydrogen-powered mobility with a new generation of metallic bipolar plates for PEM fuel cells. All fuel cell systems rely on bipolar plates. But the plates developed by Schaeffler feature a new design optimized for large-series production and leverage an innovative coating process for long fuel cell life. Moreover, stacks made using the new Schaeffler plates achieve a power density about 20% greater than that of stacks made using previous-generation plates. At a purpose-built pilot production facility in Herzogenaurach, the company is now manufacturing the new plates in runs of up to several tens of thousands of units for use by international vehicle manufacturers in prototype and small-series production. Schaeffler is due to start production of bipolar plates under the name of Innoplate, a joint venture with Symbio, in Haguenau, France, at the start of 2024. To the untrained eye, bipolar plates aren't much to look at, being only about the size of a DIN A4 envelope and weighing just 60 grams. But they are core components of fuel cells, where they perform a number of vital functions, including providing channels both for the separation and distribution of the process gasses and coolant and for the removal of the water resulting from the chemical reaction. For vehicle applications, several hundred of these plates are layered on top of one another, each separated by a membrane electrode assembly (MEA), to form a stack. The plates account for up to 80% of the stack’s weight, and up to 65% of its volume. Stacks comprising up to 400 of these cell units have a total power output of up to 140 kW – enough for light commercial vehicles. Heavy commercial vehicles up to 40 tons generally require two stacks. Schaeffler’s new generation of bipolar plates is also designed from the ground up for industrialization at large scale – an approach known as design for manufacturing (DFM). The aim is to achieve a level of cost-effectiveness and scalability of manufacturing sufficient for hydrogen-powered mobility to reach market breakthrough. In terms of production, the company is leveraging its many years of experience and expertise in metal stamping and forming, and has achieved the high level of precision needed to stamp the necessary ultrafine structures on the surface of the plates, which have a thickness of only 50 to 100 micrometers. Another unique feature of the metallic bipolar plates made by Schaeffler is the coating system used. The purpose of coatings is to maintain a high level of electrical conductivity over the fuel cell’s entire service life. Schaeffler’s solution is “Enertect” – a family of high-performance coating systems developed specifically for bipolar plates. Depending on the customer’s requirements, the coatings can be engineered for maximum plate service life, minimum carbon footprint, or an optimized price-performance ratio.Reported Earnings • Aug 03Second quarter 2023 earnings: EPS exceeds analyst expectationsSecond quarter 2023 results: EPS: €0.21 (up from €0.17 in 2Q 2022). Revenue: €4.06b (up 7.0% from 2Q 2022). Net income: €138.0m (up 22% from 2Q 2022). Profit margin: 3.4% (up from 3.0% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.5%. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.공시 • May 28+ 1 more updateSchaeffler AG to Report First Half, 2024 Results on Aug 06, 2024Schaeffler AG announced that they will report first half, 2024 results on Aug 06, 2024공시 • May 27+ 1 more updateSchaeffler AG to Report Fiscal Year 2023 Results on Mar 06, 2024Schaeffler AG announced that they will report fiscal year 2023 results at 8:00 AM, Central European Standard Time on Mar 06, 2024Upcoming Dividend • Apr 14Upcoming dividend of €0.45 per share at 6.2% yieldEligible shareholders must have bought the stock before 21 April 2023. Payment date: 25 April 2023. Payout ratio is a comfortable 54% and the cash payout ratio is 94%. Trailing yield: 6.2%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.4%).Buying Opportunity • Apr 06Now 22% undervaluedOver the last 90 days, the stock is up 4.3%. The fair value is estimated to be €8.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.6% over the last 3 years. Earnings per share has grown by 57%. For the next 3 years, revenue is forecast to grow by 4.1% per annum. Earnings is also forecast to grow by 14% per annum over the same time period.Reported Earnings • Mar 09Full year 2022 earnings: Revenues exceed analyst expectationsFull year 2022 results: Revenue: €15.8b (up 14% from FY 2021). Net income: €557.0m (down 26% from FY 2021). Profit margin: 3.5% (down from 5.5% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.6%. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Auto Components industry in Germany.Price Target Changed • Feb 15Price target increased by 7.0% to €6.62Up from €6.18, the current price target is an average from 12 analysts. New target price is approximately in line with last closing price of €6.65. Stock is down 0.7% over the past year. The company is forecast to post earnings per share of €0.84 for next year compared to €1.14 last year.Price Target Changed • Jan 27Price target increased by 7.3% to €6.39Up from €5.95, the current price target is an average from 12 analysts. New target price is approximately in line with last closing price of €6.62. Stock is up 1.9% over the past year. The company is forecast to post earnings per share of €0.84 for next year compared to €1.14 last year.Reported Earnings • Nov 10Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: €0.25. Revenue: €4.24b (up 27% from 3Q 2021). Net income: €169.0m (up 13% from 3Q 2021). Profit margin: 4.0% (down from 4.5% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.8%. Earnings per share (EPS) also surpassed analyst estimates by 26%. 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 Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Nov 08Investor sentiment improved over the past weekAfter last week's 16% share price gain to €6.23, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 6x in the Auto Components industry in Germany. Total loss to shareholders of 25% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €9.25 per share.공시 • Sep 17+ 2 more updatesSchaeffler AG to Report Nine Months, 2023 Results on Nov 08, 2023Schaeffler AG announced that they will report nine months, 2023 results on Nov 08, 2023공시 • Sep 16+ 1 more updateSchaeffler AG to Report Fiscal Year 2022 Results on Mar 07, 2023Schaeffler AG announced that they will report fiscal year 2022 results on Mar 07, 2023Reported Earnings • Aug 05Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2022 results: EPS: €0.16 (down from €0.34 in 2Q 2021). Revenue: €3.79b (up 9.7% from 2Q 2021). Net income: €113.0m (down 50% from 2Q 2021). Profit margin: 3.0% (down from 6.6% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 8.5%. Over the next year, revenue is forecast to grow 8.8%, compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Reported Earnings • Mar 11Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: EPS: €1.13 (up from €0.64 loss in FY 2020). Revenue: €13.9b (up 9.9% from FY 2020). Net income: €756.0m (up €1.18b from FY 2020). Profit margin: 5.5% (up from net loss in FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.7%. Over the next year, revenue is forecast to grow 7.4% compared to a 1.4% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.Reported Earnings • Mar 09Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: EPS: €1.13 (up from €0.64 loss in FY 2020). Revenue: €13.9b (up 9.9% from FY 2020). Net income: €756.0m (up €1.18b from FY 2020). Profit margin: 5.5% (up from net loss in FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.7%. Over the next year, revenue is forecast to grow 6.9% compared to a 2.0% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Mar 04Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to €5.03, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 9x in the Auto Components industry in Germany. Total loss to shareholders of 18% over the past three years.Reported Earnings • Nov 10Third quarter 2021 earnings releasedThe company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: €3.33b (down 1.9% from 3Q 2020). Net income: €149.0m (up €321.0m from 3Q 2020). Profit margin: 4.5% (up from net loss in 3Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance.Valuation Update With 7 Day Price Move • Nov 09Investor sentiment improved over the past weekAfter last week's 16% share price gain to €8.00, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 12x in the Auto Components industry in Germany. Total returns to shareholders of 12% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €10.64 per share.Reported Earnings • Aug 05Second quarter 2021 earnings releasedThe company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €3.45b (up 51% from 2Q 2020). Net income: €227.0m (up €395.0m from 2Q 2020). Profit margin: 6.6% (up from net loss in 2Q 2020).Executive Departure • Aug 04CFO, Member of Board of Managing Directors & Member of Executive Board Klaus Patzak has left the companyOn the 31st of July, Klaus Patzak's tenure as CFO, Member of Board of Managing Directors & Member of Executive Board ended after less than a year in the role. We don't have any record of a personal shareholding under Klaus' name. Klaus is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 3.79 years.Executive Departure • Aug 04CFO, Member of Board of Managing Directors & Member of Executive Board Klaus Patzak has left the companyOn the 31st of July, Klaus Patzak's tenure as CFO, Member of Board of Managing Directors & Member of Executive Board ended after less than a year in the role. We don't have any record of a personal shareholding under Klaus' name. Klaus is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 3.79 years.Executive Departure • Aug 04CFO, Member of Board of Managing Directors & Member of Executive Board Klaus Patzak has left the companyOn the 31st of July, Klaus Patzak's tenure as CFO, Member of Board of Managing Directors & Member of Executive Board ended after less than a year in the role. We don't have any record of a personal shareholding under Klaus' name. Klaus is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 3.79 years.Reported Earnings • May 14First quarter 2021 earnings released: EPS €0.35 (vs €0.28 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €3.56b (up 8.5% from 1Q 2020). Net income: €235.0m (up €419.0m from 1Q 2020). Profit margin: 6.6% (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 72 percentage points per year, which is a significant difference in performance.Upcoming Dividend • Apr 20Upcoming dividend of €0.25 per shareEligible shareholders must have bought the stock before 26 April 2021. Payment date: 28 April 2021. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (3.1%). Higher than average of industry peers (2.0%).Reported Earnings • Mar 05Full year 2020 earnings released: €0.64 loss per share (vs €0.64 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: €12.6b (down 13% from FY 2019). Net loss: €424.0m (down 199% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 82% 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.Analyst Estimate Surprise Post Earnings • Mar 05Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 0.07%. Earnings per share (EPS) also surpassed analyst estimates by 16%. Over the next year, revenue is forecast to grow 10%, compared to a 9.8% growth forecast for the Auto Components industry in Germany.Is New 90 Day High Low • Feb 26New 90-day high: €7.08The company is up 8.0% from its price of €6.58 on 27 November 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.95 per share.Is New 90 Day High Low • Dec 30New 90-day high: €6.84The company is up 29% from its price of €5.28 on 01 October 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Auto Components industry, which is up 31% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.72 per share.지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: SHA 10년 미만 동안 배당금을 지급해 왔으며 이 기간 동안 지급액은 휘발성이었습니다.배당금 증가: SHA 의 배당금 지급이 증가했지만 회사는 9 년 동안만 배당금을 지급했습니다.배당 수익률 vs 시장Schaeffler 배당 수익률 vs 시장SHA의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (SHA)9.7%시장 하위 25% (DE)1.5%시장 상위 25% (DE)4.5%업계 평균 (Auto Components)2.8%분석가 예측 (SHA) (최대 3년)12.8%주목할만한 배당금: SHA 의 배당금( 9.71% )은 German 시장에서 배당금 지급자의 하위 25%( 1.54% )보다 높습니다.고배당: SHA 의 배당금( 9.71% )은 German 시장( 4.55% )주주 대상 이익 배당수익 보장: 지급 비율 ( 96.7% )이 높기 때문에 SHA 의 배당금 지급은 수익으로 잘 충당되지 않습니다.주주 현금 배당현금 흐름 범위: 현금 지급 비율 ( 96.7% )이 높기 때문에 SHA 의 배당금 지급은 현금 흐름으로 잘 충당되지 않습니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YDE 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2024/10/03 21:58종가2024/10/02 00:00수익2024/06/30연간 수익2023/12/31데이터 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 소스Schaeffler AG는 21명의 분석가가 다루고 있습니다. 이 중 9명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Romain GourvilBerenbergHorst SchneiderBofA Global ResearchRoss MacDonaldCitigroup Inc18명의 분석가 더 보기
Upcoming Dividend • Apr 19Upcoming dividend of €0.45 per shareEligible shareholders must have bought the stock before 26 April 2024. Payment date: 30 April 2024. Payout ratio is on the higher end at 97%, however this is supported by cash flows. Trailing yield: 7.2%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.0%).
Declared Dividend • Feb 05Dividend of €0.45 announcedShareholders will receive a dividend of €0.45. Ex-date: 26th April 2024 Payment date: 30th April 2024 Dividend yield will be 7.5%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (63% cash payout ratio). The dividend has increased by an average of 3.2% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 3.6% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
Upcoming Dividend • Apr 14Upcoming dividend of €0.45 per share at 6.2% yieldEligible shareholders must have bought the stock before 21 April 2023. Payment date: 25 April 2023. Payout ratio is a comfortable 54% and the cash payout ratio is 94%. Trailing yield: 6.2%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.4%).
Upcoming Dividend • Apr 20Upcoming dividend of €0.25 per shareEligible shareholders must have bought the stock before 26 April 2021. Payment date: 28 April 2021. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (3.1%). Higher than average of industry peers (2.0%).
공시 • Oct 02Schaeffler AG (XTRA:SHA) completed the acquisition of additional 11.18649% stake in Vitesco Technologies Group Aktiengesellschaft (XTRA:VTSC).Schaeffler AG (XTRA:SHA) reached preliminarily agreement to acquire additional 11.18649% stake in Vitesco Technologies Group Aktiengesellschaft (XTRA:VTSC) for approximately €320 million on February 26, 2024. Vitesco Technologies has preliminarily agreed with Schaeffler on an exchange ratio between Vitesco Technologies shares and Schaeffler shares of 11.4 Schaeffler shares for 1 Vitesco Technologies share in the context of the intended merger with Vitesco Technologies as the transferring entity into Schaeffler as the acquiring entity. IHO, the management holding of the Schaeffler family, continues to hold approximately 49.94% the shares in Vitesco. Together with the IHO Holding, Schaeffler now holds approximately 88.81% of the share capital and voting rights in Vitesco. This agreement is subject to the condition that the joint valuation expert appointed by both parties and the court-appointed merger auditor confirm the exchange ratio as appropriate. In addition, the agreement is also subject to the approval of the supervisory boards of Vitesco Technologies and Schaeffler. The effectiveness of the merger agreement is subject to the approval of the respective Annual General Meetings of both companies, which are scheduled for April 24, 2024 (Vitesco Technologies) and April 25, 2024 (Schaeffler), as well as the subsequent registration in the respective commercial registers. The completion of the transaction continues to be expected in the fourth quarter of 2024. As of March 13, 2024. Schaeffler and Vitesco Technologies entered into a merger agreement, following the approval of their respective Supervisory Boards. Lazard & Co. GmbH acted as financial advisor to Vitesco Technologies. BofA Securities, Inc. acted as financial advisor to Schaeffler AG. As on April 25, 2024, The Annual General Meeting of Schaeffler AG approved the merger of Vitesco Technologies. After Vitesco shareholders at their Annual General Meeting had already voted in favour of the merger agreement the day before, the Annual General Meeting of Schaeffler has also given the green light for the merger. Today’s Annual General Meeting also approved all other resolutions proposed by the management. Schaeffler AG (XTRA:SHA) completed the acquisition of additional 11.18649% stake in Vitesco Technologies Group Aktiengesellschaft (XTRA:VTSC) on October 1, 2024. Listing of and trading in the new Schaeffler shares with full voting rights will commence on October 2, 2024. J.P. Morgan Securities plc acted as financial advisor and fairness opinion provider to Vitesco Technologies Group Aktiengesellschaft.
Price Target Changed • Oct 01Price target decreased by 9.5% to €6.08Down from €6.72, the current price target is an average from 10 analysts. New target price is 31% above last closing price of €4.63. Stock is down 14% over the past year. The company is forecast to post earnings per share of €0.60 for next year compared to €0.47 last year.
공시 • Sep 28Schaeffler AG Announces Chief Financial Officer ChangesSchaeffler AG announced that it has appointed Christophe Hannequin as chief financial officer, effective October 1, 2025. He will succeed Claus Bauer, who will fulfill his contract until the end of its term on August 31, 2025. Hannequin has been the group chief financial officer at the JCB Group in Britain, since 2022. Earlier, he held various management positions primarily in the field of finance at Michelin in the US, Canada, and France.
Major Estimate Revision • Sep 11Consensus EPS estimates increase by 11%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from €0.545 to €0.605. Revenue forecast steady at €18.2b. Net income forecast to grow 105% next year vs 30% growth forecast for Auto Components industry in Germany. Consensus price target broadly unchanged at €6.67. Share price fell 9.1% to €4.17 over the past week.
Major Estimate Revision • Aug 12Consensus EPS estimates fall by 25%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from €0.724 to €0.545 per share. Revenue forecast steady at €18.2b. Net income forecast to grow 122% next year vs 10% growth forecast for Auto Components industry in Germany. Consensus price target broadly unchanged at €6.72. Share price fell 3.0% to €4.64 over the past week.
Reported Earnings • Aug 07Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2024 results: EPS: €0.04 (down from €0.21 in 2Q 2023). Revenue: €4.19b (up 3.3% from 2Q 2023). Net income: €33.0m (down 76% from 2Q 2023). Profit margin: 0.8% (down from 3.4% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) missed analyst estimates by 80%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 14% per year.
Buy Or Sell Opportunity • Jul 24Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 19% to €5.12. The fair value is estimated to be €6.49, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 40% in 2 years. Earnings are forecast to grow by 106% in the next 2 years.
Buy Or Sell Opportunity • Jun 13Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 11% to €5.63. The fair value is estimated to be €7.09, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 38% in 2 years. Earnings are forecast to grow by 121% in the next 2 years.
Price Target Changed • Jun 06Price target increased by 9.1% to €7.31Up from €6.70, the current price target is an average from 9 analysts. New target price is 25% above last closing price of €5.83. Stock is down 2.3% over the past year. The company is forecast to post earnings per share of €0.80 for next year compared to €0.47 last year.
Buy Or Sell Opportunity • May 23Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 6.0% to €5.92. The fair value is estimated to be €7.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 41% in 2 years. Earnings are forecast to grow by 116% in the next 2 years.
Price Target Changed • May 08Price target increased by 8.9% to €6.96Up from €6.39, the current price target is an average from 7 analysts. New target price is 11% above last closing price of €6.26. Stock is up 5.7% over the past year. The company is forecast to post earnings per share of €0.77 for next year compared to €0.47 last year.
Reported Earnings • May 07First quarter 2024 earnings releasedFirst quarter 2024 results: EPS: €0.35. Revenue: €4.09b (down 1.6% from 1Q 2023). Net income: €231.0m (up 79% from 1Q 2023). Profit margin: 5.7% (up from 3.1% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.
Buy Or Sell Opportunity • Apr 30Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 6.8% to €5.48. The fair value is estimated to be €6.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 6.4% per annum. Earnings are also forecast to grow by 34% per annum over the same time period.
Upcoming Dividend • Apr 19Upcoming dividend of €0.45 per shareEligible shareholders must have bought the stock before 26 April 2024. Payment date: 30 April 2024. Payout ratio is on the higher end at 97%, however this is supported by cash flows. Trailing yield: 7.2%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.0%).
Major Estimate Revision • Mar 20Consensus EPS estimates fall by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €17.4b to €16.9b. EPS estimate also fell from €1.11 per share to €0.979 per share. Net income forecast to grow 121% next year vs 32% growth forecast for Auto Components industry in Germany. Consensus price target up from €6.39 to €6.64. Share price was steady at €6.38 over the past week.
Price Target Changed • Mar 18Price target increased by 9.1% to €6.64Up from €6.09, the current price target is an average from 7 analysts. New target price is 5.1% above last closing price of €6.32. Stock is up 0.08% over the past year. The company is forecast to post earnings per share of €0.98 for next year compared to €0.46 last year.
Reported Earnings • Mar 06Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: €0.46 (down from €0.84 in FY 2022). Revenue: €16.3b (up 3.2% from FY 2022). Net income: €310.0m (down 44% from FY 2022). Profit margin: 1.9% (down from 3.5% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 48%. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Declared Dividend • Feb 05Dividend of €0.45 announcedShareholders will receive a dividend of €0.45. Ex-date: 26th April 2024 Payment date: 30th April 2024 Dividend yield will be 7.5%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (63% cash payout ratio). The dividend has increased by an average of 3.2% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 3.6% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
공시 • Jan 24Schaeffler AG (XTRA:SHA) entered into an agreement to acquire additional 9% stake in Vitesco Technologies Group Aktiengesellschaft (XTRA:VTSC) from BofA Securities Europe SA.Schaeffler AG (XTRA:SHA) entered into an agreement to acquire additional 9% stake in Vitesco Technologies Group Aktiengesellschaft (XTRA:VTSC) from BofA Securities Europe SA on January 23, 2024. As part of acquisition, Schaeffler will acquire 3.6 million shares. After completion of acquisition, Schaeffler holding in Vitesco Technologies will increases to approximately 38.87%.
공시 • Nov 20Schaeffler AG Appoints Astrid Fontaine as Chief Human Resources OfficerThe Supervisory Board of Schaeffler AG has appointed Dr. Astrid Fontaine as Chief Human Resources Officer and as a full member of the Board of Managing Directors of Schaeffler AG, effective January 1, 2024. Dr. Fontaine has extensive and long-term international experience in the HR departments of well-known major automobile manufacturers. Dr. Astrid Fontaine is coming to Schaeffler from the Volkswagen Group, where she was most recently responsible for “People & Transformation” on the Board of Management at Volkswagen Commercial Vehicles since September 2021. Before that, she was Head of “People, Digitalization and IT” at Bentley Motors in the UK from January 2018 to August 2021, also at Board level. Other activities in HR between 1994 and 2017 included positions at Porsche Cars North America and at DaimlerChrysler and Mercedes-Benz AG in Germany and the US. Dr. Fontaine, who has both German and US citizenship, holds multiple Supervisory Board mandates within the Volkswagen Group. She has a degree in business administration and mechanical engineering and was awarded a doctorate in the field of “Information Systems” after completing a PhD program in the US. She has been a member of the Expert Group on the Transformation of the Automotive Industry at the German Federal Ministry of Economics since 2022.
Reported Earnings • Nov 09Third quarter 2023 earnings: EPS misses analyst expectationsThird quarter 2023 results: EPS: €0.22. Revenue: €4.06b (down 4.2% from 3Q 2022). Net income: €150.0m (down 11% from 3Q 2022). Profit margin: 3.7% (down from 4.0% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 11%. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Auto Components industry in Germany.
공시 • Oct 27Schaeffler AG (XTRA:SHA) acquired Aerosint from Desktop Metal, Inc. (NYSE:DM).Schaeffler AG (XTRA:SHA) acquired Aerosint from Desktop Metal, Inc. (NYSE:DM) on October 26, 2023. The startup will be renamed Schaeffler Aerosint SA and integrated into the Schaeffler Group as an additional location for Schaeffler Special Machinery, the Schaeffler Groups special machine construction unit. Desktop Metal will continue to work with Schaeffler on developing the technology for binder jet 3D printing, where Desktop Metal retains an option for commercial use.Schaeffler AG (XTRA:SHA) completed the acquisition of Aerosint from Desktop Metal, Inc. (NYSE:DM) on October 26, 2023.
공시 • Oct 11Schaeffler AG (XTRA:SHA) made a bid to acquire 50.1% stake in Vitesco Technologies Group Aktiengesellschaft (XTRA:VTSC) for €1.8 billion.Schaeffler AG (XTRA:SHA) made a bid to acquire 50.1% stake in Vitesco Technologies Group Aktiengesellschaft (XTRA:VTSC) for €1.8 billion on October 9, 2023. Vitesco shareholders are offered a cash consideration in the amount of €91 per share. The tender offer will not be subject to a minimum acceptance threshold but to other customary conditions, including the receipt of potentially applicable foreign direct investment approval. The transaction should be wrapped up in the fourth quarter of 2024, subject to shareholder approval. IHO Holding does not tender because they have entered into a non-tender agreement. So the offer is for the remaining outstanding shares approximately 20 million shares. Schaeffler has arranged a comprehensive financing package including an acquisition bridge facility to finance the tender offer. The financing package is fully underwritten by Bank of America, BNP Paribas and Citigroup, which act as financial advisors to Schaeffler. The acceptance period is expected to last until mid-December 2023. Schaeffler expects the tender offer to be closed in January 2024. The completion of the overall transaction is expected to take place in the fourth quarter of 2024.
공시 • Aug 19Schaeffler AG Develops Next-Generation Bipolar Plates for Fuel Cell DrivesSchaeffler AG is demonstrating its development capabilities in the field of hydrogen-powered mobility with a new generation of metallic bipolar plates for PEM fuel cells. All fuel cell systems rely on bipolar plates. But the plates developed by Schaeffler feature a new design optimized for large-series production and leverage an innovative coating process for long fuel cell life. Moreover, stacks made using the new Schaeffler plates achieve a power density about 20% greater than that of stacks made using previous-generation plates. At a purpose-built pilot production facility in Herzogenaurach, the company is now manufacturing the new plates in runs of up to several tens of thousands of units for use by international vehicle manufacturers in prototype and small-series production. Schaeffler is due to start production of bipolar plates under the name of Innoplate, a joint venture with Symbio, in Haguenau, France, at the start of 2024. To the untrained eye, bipolar plates aren't much to look at, being only about the size of a DIN A4 envelope and weighing just 60 grams. But they are core components of fuel cells, where they perform a number of vital functions, including providing channels both for the separation and distribution of the process gasses and coolant and for the removal of the water resulting from the chemical reaction. For vehicle applications, several hundred of these plates are layered on top of one another, each separated by a membrane electrode assembly (MEA), to form a stack. The plates account for up to 80% of the stack’s weight, and up to 65% of its volume. Stacks comprising up to 400 of these cell units have a total power output of up to 140 kW – enough for light commercial vehicles. Heavy commercial vehicles up to 40 tons generally require two stacks. Schaeffler’s new generation of bipolar plates is also designed from the ground up for industrialization at large scale – an approach known as design for manufacturing (DFM). The aim is to achieve a level of cost-effectiveness and scalability of manufacturing sufficient for hydrogen-powered mobility to reach market breakthrough. In terms of production, the company is leveraging its many years of experience and expertise in metal stamping and forming, and has achieved the high level of precision needed to stamp the necessary ultrafine structures on the surface of the plates, which have a thickness of only 50 to 100 micrometers. Another unique feature of the metallic bipolar plates made by Schaeffler is the coating system used. The purpose of coatings is to maintain a high level of electrical conductivity over the fuel cell’s entire service life. Schaeffler’s solution is “Enertect” – a family of high-performance coating systems developed specifically for bipolar plates. Depending on the customer’s requirements, the coatings can be engineered for maximum plate service life, minimum carbon footprint, or an optimized price-performance ratio.
Reported Earnings • Aug 03Second quarter 2023 earnings: EPS exceeds analyst expectationsSecond quarter 2023 results: EPS: €0.21 (up from €0.17 in 2Q 2022). Revenue: €4.06b (up 7.0% from 2Q 2022). Net income: €138.0m (up 22% from 2Q 2022). Profit margin: 3.4% (up from 3.0% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.5%. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
공시 • May 28+ 1 more updateSchaeffler AG to Report First Half, 2024 Results on Aug 06, 2024Schaeffler AG announced that they will report first half, 2024 results on Aug 06, 2024
공시 • May 27+ 1 more updateSchaeffler AG to Report Fiscal Year 2023 Results on Mar 06, 2024Schaeffler AG announced that they will report fiscal year 2023 results at 8:00 AM, Central European Standard Time on Mar 06, 2024
Upcoming Dividend • Apr 14Upcoming dividend of €0.45 per share at 6.2% yieldEligible shareholders must have bought the stock before 21 April 2023. Payment date: 25 April 2023. Payout ratio is a comfortable 54% and the cash payout ratio is 94%. Trailing yield: 6.2%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.4%).
Buying Opportunity • Apr 06Now 22% undervaluedOver the last 90 days, the stock is up 4.3%. The fair value is estimated to be €8.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.6% over the last 3 years. Earnings per share has grown by 57%. For the next 3 years, revenue is forecast to grow by 4.1% per annum. Earnings is also forecast to grow by 14% per annum over the same time period.
Reported Earnings • Mar 09Full year 2022 earnings: Revenues exceed analyst expectationsFull year 2022 results: Revenue: €15.8b (up 14% from FY 2021). Net income: €557.0m (down 26% from FY 2021). Profit margin: 3.5% (down from 5.5% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.6%. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Auto Components industry in Germany.
Price Target Changed • Feb 15Price target increased by 7.0% to €6.62Up from €6.18, the current price target is an average from 12 analysts. New target price is approximately in line with last closing price of €6.65. Stock is down 0.7% over the past year. The company is forecast to post earnings per share of €0.84 for next year compared to €1.14 last year.
Price Target Changed • Jan 27Price target increased by 7.3% to €6.39Up from €5.95, the current price target is an average from 12 analysts. New target price is approximately in line with last closing price of €6.62. Stock is up 1.9% over the past year. The company is forecast to post earnings per share of €0.84 for next year compared to €1.14 last year.
Reported Earnings • Nov 10Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: €0.25. Revenue: €4.24b (up 27% from 3Q 2021). Net income: €169.0m (up 13% from 3Q 2021). Profit margin: 4.0% (down from 4.5% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.8%. Earnings per share (EPS) also surpassed analyst estimates by 26%. 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 Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Nov 08Investor sentiment improved over the past weekAfter last week's 16% share price gain to €6.23, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 6x in the Auto Components industry in Germany. Total loss to shareholders of 25% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €9.25 per share.
공시 • Sep 17+ 2 more updatesSchaeffler AG to Report Nine Months, 2023 Results on Nov 08, 2023Schaeffler AG announced that they will report nine months, 2023 results on Nov 08, 2023
공시 • Sep 16+ 1 more updateSchaeffler AG to Report Fiscal Year 2022 Results on Mar 07, 2023Schaeffler AG announced that they will report fiscal year 2022 results on Mar 07, 2023
Reported Earnings • Aug 05Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2022 results: EPS: €0.16 (down from €0.34 in 2Q 2021). Revenue: €3.79b (up 9.7% from 2Q 2021). Net income: €113.0m (down 50% from 2Q 2021). Profit margin: 3.0% (down from 6.6% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 8.5%. Over the next year, revenue is forecast to grow 8.8%, compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Reported Earnings • Mar 11Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: EPS: €1.13 (up from €0.64 loss in FY 2020). Revenue: €13.9b (up 9.9% from FY 2020). Net income: €756.0m (up €1.18b from FY 2020). Profit margin: 5.5% (up from net loss in FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.7%. Over the next year, revenue is forecast to grow 7.4% compared to a 1.4% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
Reported Earnings • Mar 09Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: EPS: €1.13 (up from €0.64 loss in FY 2020). Revenue: €13.9b (up 9.9% from FY 2020). Net income: €756.0m (up €1.18b from FY 2020). Profit margin: 5.5% (up from net loss in FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.7%. Over the next year, revenue is forecast to grow 6.9% compared to a 2.0% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Mar 04Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to €5.03, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 9x in the Auto Components industry in Germany. Total loss to shareholders of 18% over the past three years.
Reported Earnings • Nov 10Third quarter 2021 earnings releasedThe company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: €3.33b (down 1.9% from 3Q 2020). Net income: €149.0m (up €321.0m from 3Q 2020). Profit margin: 4.5% (up from net loss in 3Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance.
Valuation Update With 7 Day Price Move • Nov 09Investor sentiment improved over the past weekAfter last week's 16% share price gain to €8.00, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 12x in the Auto Components industry in Germany. Total returns to shareholders of 12% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €10.64 per share.
Reported Earnings • Aug 05Second quarter 2021 earnings releasedThe company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €3.45b (up 51% from 2Q 2020). Net income: €227.0m (up €395.0m from 2Q 2020). Profit margin: 6.6% (up from net loss in 2Q 2020).
Executive Departure • Aug 04CFO, Member of Board of Managing Directors & Member of Executive Board Klaus Patzak has left the companyOn the 31st of July, Klaus Patzak's tenure as CFO, Member of Board of Managing Directors & Member of Executive Board ended after less than a year in the role. We don't have any record of a personal shareholding under Klaus' name. Klaus is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 3.79 years.
Executive Departure • Aug 04CFO, Member of Board of Managing Directors & Member of Executive Board Klaus Patzak has left the companyOn the 31st of July, Klaus Patzak's tenure as CFO, Member of Board of Managing Directors & Member of Executive Board ended after less than a year in the role. We don't have any record of a personal shareholding under Klaus' name. Klaus is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 3.79 years.
Executive Departure • Aug 04CFO, Member of Board of Managing Directors & Member of Executive Board Klaus Patzak has left the companyOn the 31st of July, Klaus Patzak's tenure as CFO, Member of Board of Managing Directors & Member of Executive Board ended after less than a year in the role. We don't have any record of a personal shareholding under Klaus' name. Klaus is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 3.79 years.
Reported Earnings • May 14First quarter 2021 earnings released: EPS €0.35 (vs €0.28 loss in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €3.56b (up 8.5% from 1Q 2020). Net income: €235.0m (up €419.0m from 1Q 2020). Profit margin: 6.6% (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 72 percentage points per year, which is a significant difference in performance.
Upcoming Dividend • Apr 20Upcoming dividend of €0.25 per shareEligible shareholders must have bought the stock before 26 April 2021. Payment date: 28 April 2021. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (3.1%). Higher than average of industry peers (2.0%).
Reported Earnings • Mar 05Full year 2020 earnings released: €0.64 loss per share (vs €0.64 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: €12.6b (down 13% from FY 2019). Net loss: €424.0m (down 199% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 82% 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.
Analyst Estimate Surprise Post Earnings • Mar 05Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 0.07%. Earnings per share (EPS) also surpassed analyst estimates by 16%. Over the next year, revenue is forecast to grow 10%, compared to a 9.8% growth forecast for the Auto Components industry in Germany.
Is New 90 Day High Low • Feb 26New 90-day high: €7.08The company is up 8.0% from its price of €6.58 on 27 November 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.95 per share.
Is New 90 Day High Low • Dec 30New 90-day high: €6.84The company is up 29% from its price of €5.28 on 01 October 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Auto Components industry, which is up 31% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.72 per share.