공고 • May 07
Give AG, Annual General Meeting, Jun 16, 2026 Give AG, Annual General Meeting, Jun 16, 2026, at 11:00 W. Europe Standard Time. 공고 • Apr 17
Give AG, Annual General Meeting, Jun 03, 2025 Give AG, Annual General Meeting, Jun 03, 2025, at 11:00 W. Europe Standard Time. 공고 • Jun 08
Muehlhan AG, Annual General Meeting, Jul 16, 2024 Muehlhan AG, Annual General Meeting, Jul 16, 2024, at 11:00 W. Europe Standard Time. 공고 • Dec 15
Muehlhan AG Provides Correction to the Group Forecast for Financial Year 2023 Muehlhan AG provided Correction to the Group forecast for financial year 2023. For the period, the company announced that the Group forecast published on October 13, 2023, revenues of €10 million to €15 million and an EBIT of between €-3.5 million and €-4.0 million were forecast for the 2023 financial year. The company continues to expect revenues of €10 million to €15 million, but predicts EBIT will be between €-4.0 million and €-4.5 million. The main reason for the renewed forecast revision is expenses for the decision to discontinue all activities in Oman. New Risk • Oct 26
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 6.6% 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 Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 286% Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Market cap is less than US$100m (€20.4m market cap, or US$21.5m). New Risk • Aug 02
New major risk - Revenue size The company makes less than US$1m in revenue. This is considered a major risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.8% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Dividend per share is over 8x cash flows per share. Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (€33.9m market cap, or US$37.0m). New Risk • Jun 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 11% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Dividend per share is over 8x cash flows per share. Minor Risk Market cap is less than US$100m (€33.5m market cap, or US$36.1m). Upcoming Dividend • May 31
Upcoming dividend of €1.00 per share at 39% yield Eligible shareholders must have bought the stock before 07 June 2023. Payment date: 09 June 2023. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 39%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.7%). Reported Earnings • Apr 14
Full year 2022 earnings released: EPS: €0.18 (vs €0.43 in FY 2021) Full year 2022 results: EPS: €0.18 (down from €0.43 in FY 2021). Revenue: €288.3m (down 3.4% from FY 2021). Net income: €3.56m (down 57% from FY 2021). Profit margin: 1.2% (down from 2.8% in FY 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 2.3% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 28% 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 • Feb 09
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €3.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 28%. Revenue is forecast to decline by 3.3% in 2 years. Earnings is forecast to decline by 55% in the next 2 years. Price Target Changed • Nov 16
Price target decreased to €4.00 Down from €5.10, the current price target is provided by 1 analyst. New target price is 49% above last closing price of €2.68. Stock is down 28% over the past year. The company is forecast to post earnings per share of €0.24 for next year compared to €0.43 last year. Major Estimate Revision • Nov 02
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from €250.0m to €270.0m. EPS estimate fell from €0.32 to €0.24 per share. Net income forecast to shrink 55% next year vs 13% growth forecast for Construction industry in Germany . Consensus price target of €4.00 unchanged from last update. Share price fell 5.8% to €2.62 over the past week. Major Estimate Revision • Aug 17
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from €0.12 to €0.32. Revenue forecast unchanged at €250.0m. Net income forecast to shrink 46% next year vs 20% growth forecast for Construction industry in Germany . Consensus price target down from €5.10 to €4.00. Share price was steady at €2.92 over the past week. Valuation Update With 7 Day Price Move • May 25
Investor sentiment deteriorated over the past week After last week's 19% share price decline to €3.70, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 12x in the Construction industry in Europe. Total returns to shareholders of 55% over the past three years. Upcoming Dividend • May 18
Upcoming dividend of €0.75 per share Eligible shareholders must have bought the stock before 25 May 2022. Payment date: 30 May 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 16%. Within top quartile of German dividend payers (4.3%). Higher than average of industry peers (3.5%). Reported Earnings • May 01
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: €0.01 loss per share (up from €0.05 loss in 1Q 2021). Revenue: €52.2m (down 14% from 1Q 2021). Net loss: €141.0k (loss narrowed 86% from 1Q 2021). Revenue exceeded analyst estimates by 26%. Earnings per share (EPS) missed analyst estimates. Over the next year, revenue is expected to shrink by 13% compared to a 5.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Apr 27
Price target increased to €5.10 Up from €4.40, the current price target is provided by 1 analyst. New target price is 21% above last closing price of €4.20. Stock is up 57% over the past year. The company is forecast to post earnings per share of €0.12 for next year compared to €0.43 last year. Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment improved over the past week After last week's 16% share price gain to €4.62, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 12x in the Construction industry in Europe. Total returns to shareholders of 74% over the past three years. Buying Opportunity • Apr 05
Now 21% undervalued Over the last 90 days, the stock is up 10%. The fair value is estimated to be €4.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 17%. Revenue is forecast to decline by 20% in 2 years. Earnings is forecast to decline by 49% in the next 2 years. Reported Earnings • Apr 03
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: €0.43 (up from €0.016 in FY 2020). Revenue: €298.5m (up 15% from FY 2020). Net income: €8.27m (up €7.97m from FY 2020). Profit margin: 2.8% (up from 0.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 26%. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is expected to shrink by 23% compared to a 5.8% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Major Estimate Revision • Aug 07
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 revenue forecast fell from €275.0m to €237.0m. EPS estimate increased from €0.18 to €0.68 per share. Net income forecast to grow 296% next year vs 19% growth forecast for Construction industry in Germany. Consensus price target up from €4.40 to €4.80. Share price rose 8.1% to €3.46 over the past week. Reported Earnings • Aug 03
First half 2021 earnings released: EPS €0.056 (vs €0.041 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €143.5m (up 9.4% from 1H 2020). Net income: €1.09m (up €1.88m from 1H 2020). Profit margin: 0.8% (up from net loss in 1H 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Upcoming Dividend • May 13
Upcoming dividend of €0.12 per share Eligible shareholders must have bought the stock before 19 May 2021. Payment date: 21 May 2021. Trailing yield: 4.2%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (2.8%). Major Estimate Revision • Apr 10
Consensus EPS estimates increase to €0.18 The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from €260.0m to €275.0m. EPS estimate increased from €0.16 to €0.18 per share. Net income forecast to grow 1,015% next year vs 20% growth forecast for Construction industry in Germany. Consensus price target of €4.40 unchanged from last update. Share price was steady at €2.58 over the past week. 공고 • Jan 27
Muehlhan AG, Annual General Meeting, May 18, 2021 Muehlhan AG, Annual General Meeting, May 18, 2021. Is New 90 Day High Low • Jan 12
New 90-day high: €2.72 The company is up 5.0% from its price of €2.60 on 13 October 2020. The German market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Construction industry, which is up 13% over the same period. Price Target Changed • Nov 01
Price target raised to €4.40 Up from €3.65, the current price target is provided by 1 analyst. The new target price is 80% above the current share price of €2.44. As of last close, the stock is down 9.6% over the past year. 공고 • Aug 24
Muehlhan AG Not Provide Forecast for the Full Year 2020 Muehlhan AG announced that as yet no clear picture of how things will develop, it is still not possible to provide a forecast. It is clear that revenues and income in 2020 will be significantly lower than the previous year's figures.