New Risk • May 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (1.3% operating cash flow to total debt). Earnings have declined by 5.2% per year over the past 5 years. High level of non-cash earnings (59% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.6% average weekly change). 공시 • Jan 16
Bajaj Mobility AG Provides Consolidated Sales Guidance for the Fiscal Year 2025 Bajaj Mobility AG provided consolidated sales guidance for the fiscal year 2025. The company expects consolidated sales for the past fiscal year 2025 to be just over EUR 1 billion, marking a reduction of approximately 46% compared to the previous year. 공시 • Dec 09
PIERER Mobility AG, Annual General Meeting, Apr 24, 2026 PIERER Mobility AG, Annual General Meeting, Apr 24, 2026. 공시 • Nov 21
Florian Burguet and Cesar Rojo agreed to acquire an unknown majority stake in Felt Racing, LLC from PIERER Mobility AG (WBAG:PKTM). Florian Burguet and Cesar Rojo agreed to acquire an unknown majority stake in Felt Racing, LLC from PIERER Mobility AG (WBAG:PKTM) on November 20, 2025. Florian Burguet and Cesar Rojo, were already managing directors and minority shareholders of Felt Racing, LLC since 2023 and will continue running the Spanish and North American units independently.
The closing of the transaction is subject to the approval by the Supervisory Board and is expected to be completed before the end of the year. 공시 • Jan 28
PIERER Mobility AG Appoints Stephan Zöchling as Supervisory Board Chairman PIERER Mobility AG announced that The Supervisory Board meeting following the Extraordinary General Meeting elected Stephan Zöchling as the new Chairman. 공시 • Jan 27
PIERER Mobility AG, Annual General Meeting, Apr 25, 2025 PIERER Mobility AG, Annual General Meeting, Apr 25, 2025. 공시 • Jan 03
PIERER Mobility AG Announces Resignation of Chairman of the Supervisory Board, Josef Blazicek PIERER Mobility AG announced the current chairman of the supervisory board, Josef Blazicek, resigned from the supervisory board with effect from the end of the next general assembly. 공시 • Oct 22
PIERER Mobility AG Cancels Guidance for the Year 2024 PIERER Mobility AG canceled guidance for the year 2024 . Company will fall short of expectations in terms of revenue and earnings, as well as with regard to the reduction in working capital and net debt in the current financial year, and is revoking its guidance for the 2024 financial year. A new review of non-cash value adjustments will also be carried out by the end of the year. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €20.30, the stock trades at a trailing P/E ratio of 4.4x. Average forward P/E is 6x in the Auto industry in Germany. Total loss to shareholders of 73% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €20.33 per share. New Risk • Aug 29
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 34% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Risk Earnings are forecast to decline by an average of 34% per year for the foreseeable future. Minor Risks High level of debt (50% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.6% average weekly change). Reported Earnings • Aug 29
First half 2023 earnings released: EPS: €1.63 (vs €2.00 in 1H 2022) First half 2023 results: EPS: €1.63 (down from €2.00 in 1H 2022). Revenue: €1.39b (up 20% from 1H 2022). Net income: €55.0m (down 19% from 1H 2022). Profit margin: 4.0% (down from 5.9% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.1% p.a. on average during the next 4 years, compared to a 2.3% growth forecast for the Auto industry in Germany. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to €28.50, the stock trades at a trailing P/E ratio of 11.9x. Average forward P/E is 5x in the Auto industry in Germany. Total loss to shareholders of 58% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €18.18 per share. Buy Or Sell Opportunity • May 27
Now 20% overvalued Over the last 90 days, the stock has fallen 19% to €37.90. The fair value is estimated to be €31.52, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 5.6% per annum. Earnings are also forecast to grow by 24% per annum over the same time period. Buy Or Sell Opportunity • May 06
Now 27% overvalued Over the last 90 days, the stock has fallen 22% to €39.00. The fair value is estimated to be €30.80, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 5.6% per annum. Earnings are also forecast to grow by 24% per annum over the same time period. Upcoming Dividend • Apr 17
Upcoming dividend of €0.50 per share Eligible shareholders must have bought the stock before 24 April 2024. Payment date: 29 April 2024. Payout ratio is a comfortable 21% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (5.6%). New Risk • Mar 30
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.5x 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 (2.5x net interest cover). High level of non-cash earnings (38% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (3.0% net profit margin). Declared Dividend • Mar 17
Dividend of €0.50 announced Shareholders will receive a dividend of €0.50. Ex-date: 24th April 2024 Payment date: 29th April 2024 Dividend yield will be 1.1%, which is lower than the industry average of 6.1%. Sustainability & Growth Dividend is covered by earnings (43% earnings payout ratio) but not adequately covered by cash flows (99% cash payout ratio). The dividend has increased by an average of 27% per year over the past 8 years. However, payments have been volatile during that time. Earnings per share has grown by 25% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Jan 31
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.2% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Risk Earnings are forecast to decline by an average of 1.2% per year for the foreseeable future. Minor Risks High level of debt (50% net debt to equity). Dividend is not well covered by cash flows (99% cash payout ratio). 공시 • Jan 11
Pierer Mobility Ag Provides Preliminary Consolidated Earnings Guidance for the Year 2023 PIERER Mobility AG provided preliminary consolidated earnings guidance for the year 2023. For the year, the company expects sales of between EUR 2,650 million and EUR 2,670 million for the 2023 financial year, which represents an increase of around 9 % compared to the previous year. Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €52.80, the stock trades at a trailing P/E ratio of 11.3x. Average forward P/E is 6x in the Auto industry in Germany. Total loss to shareholders of 12% over the past three years. New Risk • Aug 31
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 50% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (50% net debt to equity). Dividend is not well covered by cash flows (99% cash payout ratio). Upcoming Dividend • Apr 19
Upcoming dividend of €2.00 per share at 2.5% yield Eligible shareholders must have bought the stock before 26 April 2023. Payment date: 02 May 2023. Payout ratio is a comfortable 40% and the cash payout ratio is 100%. Trailing yield: 2.5%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (5.3%). Reported Earnings • Mar 30
Full year 2022 earnings released Full year 2022 results: Revenue: €2.44b (up 19% from FY 2021). Net income: €169.9m (up 106% from FY 2021). Profit margin: 7.0% (up from 4.0% in FY 2021). Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Auto industry in Germany. 공시 • Sep 14
PIERER Mobility AG to Report Fiscal Year 2022 Results on Jan 31, 2023 PIERER Mobility AG announced that they will report fiscal year 2022 results on Jan 31, 2023 Reported Earnings • Sep 01
First half 2022 earnings released: EPS: €2.00 (vs €1.79 in 1H 2021) First half 2022 results: EPS: €2.00 (up from €1.79 in 1H 2021). Revenue: €1.15b (up 7.1% from 1H 2021). Net income: €67.6m (up 68% from 1H 2021). Profit margin: 5.9% (up from 3.7% in 1H 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 10%, compared to a 10% growth forecast for the Auto industry in Germany. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Aug 27
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be €74.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 22%. For the next 3 years, revenue is forecast to grow by 7.4% per annum. Earnings is also forecast to grow by 20% per annum over the same time period. Upcoming Dividend • Apr 27
Upcoming dividend of €1.00 per share Eligible shareholders must have bought the stock before 04 May 2022. Payment date: 09 May 2022. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.0%). Lower than average of industry peers (6.3%). Reported Earnings • Mar 31
Full year 2021 earnings released: EPS: €3.34 (vs €1.56 in FY 2020) Full year 2021 results: EPS: €3.34 (up from €1.56 in FY 2020). Revenue: €2.04b (up 33% from FY 2020). Net income: €82.5m (up 136% from FY 2020). Profit margin: 4.0% (up from 2.3% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 8.9%, compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Apr 28
Upcoming dividend of €0.50 per share Eligible shareholders must have bought the stock before 05 May 2021. Payment date: 10 May 2021. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (2.1%). Reported Earnings • Apr 02
Full year 2020 earnings released: EPS €1.56 (vs €2.42 in FY 2019) The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: €1.53b (flat on FY 2019). Net income: €34.9m (down 36% from FY 2019). Profit margin: 2.3% (down from 3.6% in FY 2019). Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 6% per year. Is New 90 Day High Low • Jan 06
New 90-day high: €67.00 The company is up 33% from its price of €50.50 on 08 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €23.87 per share. Is New 90 Day High Low • Dec 12
New 90-day high: €61.50 The company is up 19% from its price of €51.50 on 11 September 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto 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 €41.80 per share.