공시 • Jul 04
SLM Solutions Group AG, Annual General Meeting, Jul 13, 2023 SLM Solutions Group AG, Annual General Meeting, Jul 13, 2023. New Risk • Jun 11
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -€41m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€41m free cash flow). Earnings have declined by 7.2% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (37% increase in shares outstanding). 공시 • Feb 03
SLM Solutions Group AG to Report Fiscal Year 2022 Results on Mar 23, 2023 SLM Solutions Group AG announced that they will report fiscal year 2022 results on Mar 23, 2023 Reported Earnings • Aug 23
Second quarter 2022 earnings released: €0.076 loss per share (vs €0.36 loss in 2Q 2021) Second quarter 2022 results: €0.076 loss per share (up from €0.36 loss in 2Q 2021). Revenue: €27.9m (up 54% from 2Q 2021). Net loss: €1.72m (loss narrowed 76% from 2Q 2021). Over the next year, revenue is forecast to grow 21%, compared to a 8.8% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Major Estimate Revision • May 26
Consensus EPS estimates fall by 28% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from €105.6m to €104.4m. Losses expected to increase from €0.49 per share to €0.63. Machinery industry in Germany expected to see average net income growth of 17% next year. Consensus price target down from €26.00 to €21.00. Share price fell 9.0% to €9.12 over the past week. Reported Earnings • May 18
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: €0.33 loss per share (down from €0.26 loss in 1Q 2021). Revenue: €18.0m (up 7.4% from 1Q 2021). Net loss: €7.38m (loss widened 44% from 1Q 2021). Revenue missed analyst estimates by 13%. Earnings per share (EPS) also missed analyst estimates by 65%. Over the next year, revenue is forecast to grow 36%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Price Target Changed • Apr 27
Price target increased to €26.00 Up from €20.75, the current price target is an average from 2 analysts. New target price is 119% above last closing price of €11.88. Stock is down 37% over the past year. The company is forecast to post a net loss per share of €0.49 next year compared to a net loss per share of €0.90 last year. Major Estimate Revision • Nov 27
Consensus EPS estimates fall to -€0.91 The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from €78.0m to €73.1m. Losses expected to increase from -€0.57 to -€0.91. Machinery industry in Germany expected to see average net income growth of 36% next year. Consensus price target of €30.00 unchanged from last update. Share price fell 11% to €15.28 over the past week. Reported Earnings • Nov 12
Third quarter 2021 earnings released: €0.14 loss per share (vs €0.45 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: €20.6m (up 27% from 3Q 2020). Net loss: €3.71m (loss narrowed 59% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Reported Earnings • Aug 14
Second quarter 2021 earnings released: €0.36 loss per share (vs €0.32 loss in 2Q 2020) The company reported a solid second quarter result with improved revenues and control over costs, although losses increased. Second quarter 2021 results: Revenue: €18.2m (up 25% from 2Q 2020). Net loss: €7.14m (loss widened 12% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 28% 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. Reported Earnings • Jun 02
First quarter 2021 earnings released: €0.26 loss per share The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: €16.8m (down 11% from 1Q 2020). Net loss: €5.12m (loss narrowed 16% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Apr 24
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 revenue forecast fell from €86.4m to €83.2m. 2021 losses expected to reduce from -€0.73 to -€0.57 per share. Machinery industry in Germany expected to see average net income growth of 90% next year. Consensus price target up from €20.75 to €23.25. Share price fell 5.4% to €18.06 over the past week. Reported Earnings • Mar 27
Full year 2020 earnings released: €1.53 loss per share (vs €2.38 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: €66.8m (up 28% from FY 2019). Net loss: €30.3m (loss narrowed 36% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Mar 06
New 90-day low: €15.32 The company is down 10.0% from its price of €17.00 on 04 December 2020. The German market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.93 per share. Is New 90 Day High Low • Feb 06
New 90-day high: €22.50 The company is up 84% from its price of €12.20 on 06 November 2020. The German market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.53 per share. Executive Departure • Feb 02
CEO & Member of Management Board Meddah Hadjar has left the company On the 31st of January, Meddah Hadjar's tenure as CEO & Member of Management Board of the company ended after 1.8 years in the role. We don't have any record of a personal shareholding under Meddah's name. Meddah is the only executive to leave the company over the last 12 months. Under Meddah's leadership, the company delivered a total shareholder return of 105%. Is New 90 Day High Low • Jan 07
New 90-day high: €17.88 The company is up 64% from its price of €10.92 on 09 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 Machinery industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.22 per share. Is New 90 Day High Low • Dec 04
New 90-day high: €17.00 The company is up 117% from its price of €7.84 on 04 September 2020. The German market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery 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 €6.95 per share. Is New 90 Day High Low • Nov 10
New 90-day high: €13.06 The company is up 91% from its price of €6.85 on 11 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.94 per share. Reported Earnings • Nov 07
Third quarter 2020 earnings released: €0.45 loss per share The company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: €16.3m (down 9.3% from 3Q 2019). Net loss: €8.99m (loss widened 133% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 66% per year but the company’s share price has only fallen by 31% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Sep 29
New 90-day high: €9.02 The company is up 43% from its price of €6.30 on 01 July 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.62 per share.