View ValuationFERRO 향후 성장Future 기준 점검 0/6FERRO의 수익이 증가할 것으로 예상됨입니다.핵심 정보n/a이익 성장률n/aEPS 성장률Building 이익 성장11.9%매출 성장률4.7%향후 자기자본이익률n/a애널리스트 커버리지Low마지막 업데이트13 May 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updatesBuy Or Sell Opportunity • Jul 14Now 21% undervaluedOver the last 90 days, the stock has risen 8.0% to €7.26. The fair value is estimated to be €9.17, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.8% over the last 3 years. Earnings per share has grown by 4.1%.Buy Or Sell Opportunity • Jun 01Now 22% undervaluedOver the last 90 days, the stock has risen 4.9% to €7.30. The fair value is estimated to be €9.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.8% over the last 3 years. Earnings per share has grown by 4.2%.Reported Earnings • May 24First quarter 2026 earnings released: EPS: zł0.93 (vs zł0.94 in 1Q 2025)First quarter 2026 results: EPS: zł0.93 (down from zł0.94 in 1Q 2025). Revenue: zł199.8m (up 1.8% from 1Q 2025). Net income: zł19.8m (down 1.3% from 1Q 2025). Profit margin: 9.9% (in line with 1Q 2025). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 2% per year.공고 • May 22FERRO S.A. announces Annual dividend, payable on October 08, 2026FERRO S.A. announced Annual dividend of PLN 2.3600 per share payable on October 08, 2026, ex-date on September 10, 2026 and record date on September 11, 2026.공고 • May 21FERRO S.A., Annual General Meeting, Jun 22, 2026FERRO S.A., Annual General Meeting, Jun 22, 2026, at 11:00 Central European Standard Time.공고 • Nov 15FERRO S.A. to Report Q3, 2025 Results on Nov 18, 2025FERRO S.A. announced that they will report Q3, 2025 results on Nov 18, 2025공고 • Aug 21FERRO S.A. to Report First Half, 2025 Results on Sep 18, 2025FERRO S.A. announced that they will report first half, 2025 results on Sep 18, 2025공고 • May 28+ 1 more updateFERRO S.A., Annual General Meeting, Jun 25, 2025FERRO S.A., Annual General Meeting, Jun 25, 2025.Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: zł1.28 (vs zł0.99 in 3Q 2023)Third quarter 2024 results: EPS: zł1.28 (up from zł0.99 in 3Q 2023). Revenue: zł206.0m (down 3.1% from 3Q 2023). Net income: zł27.2m (up 29% from 3Q 2023). Profit margin: 13% (up from 9.9% in 3Q 2023). The increase in margin was driven by lower expenses. 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 2% per year, which means it is well ahead of earnings.Reported Earnings • Sep 18Second quarter 2024 earnings released: EPS: zł0.78 (vs zł0.59 in 2Q 2023)Second quarter 2024 results: EPS: zł0.78 (up from zł0.59 in 2Q 2023). Revenue: zł180.1m (down 1.4% from 2Q 2023). Net income: zł16.6m (up 31% from 2Q 2023). Profit margin: 9.2% (up from 6.9% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has remained flat, which means it is well ahead of earnings.Upcoming Dividend • Sep 04Upcoming dividend of zł3.16 per shareEligible shareholders must have bought the stock before 11 September 2024. Payment date: 10 October 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 8.7%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.0%).New Risk • Aug 14New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.1% 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: Minor Risks Dividend is not well covered by earnings (101% payout ratio). Share price has been volatile over the past 3 months (7.1% average weekly change).Reported Earnings • May 23First quarter 2024 earnings released: EPS: zł0.79 (vs zł0.82 in 1Q 2023)First quarter 2024 results: EPS: zł0.79 (down from zł0.82 in 1Q 2023). Revenue: zł200.0m (down 3.6% from 1Q 2023). Net income: zł16.7m (down 4.3% from 1Q 2023). Profit margin: 8.4% (in line with 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.Declared Dividend • May 19Dividend of zł3.16 announcedShareholders will receive a dividend of zł3.16. Ex-date: 11th September 2024 Payment date: 10th October 2024 Dividend yield will be 37%, which is higher than the industry average of 5.0%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 12% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.공고 • May 18FERRO S.A., Annual General Meeting, Jun 18, 2024FERRO S.A., Annual General Meeting, Jun 18, 2024.Reported Earnings • Mar 29Full year 2023 earnings released: EPS: zł3.16 (vs zł3.08 in FY 2022)Full year 2023 results: EPS: zł3.16 (up from zł3.08 in FY 2022). Revenue: zł806.8m (down 12% from FY 2022). Net income: zł67.0m (up 2.5% from FY 2022). Profit margin: 8.3% (up from 7.2% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.공고 • Jan 28+ 3 more updatesFERRO S.A. to Report Q3, 2024 Results on Nov 13, 2024FERRO S.A. announced that they will report Q3, 2024 results on Nov 13, 2024Valuation Update With 7 Day Price Move • Dec 05Investor sentiment improves as stock rises 23%After last week's 23% share price gain to €7.16, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 14x in the Building industry in Europe. Total returns to shareholders of 63% over the past year.Reported Earnings • Nov 30Third quarter 2023 earnings released: EPS: zł0.99 (vs zł0.65 in 3Q 2022)Third quarter 2023 results: EPS: zł0.99 (up from zł0.65 in 3Q 2022). Revenue: zł212.7m (down 5.9% from 3Q 2022). Net income: zł21.1m (up 54% from 3Q 2022). Profit margin: 9.9% (up from 6.1% in 3Q 2022). The increase in margin was driven by lower expenses.Valuation Update With 7 Day Price Move • Oct 13Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €6.60, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 14x in the Building industry in Europe. Total returns to shareholders of 46% over the past year.Buying Opportunity • Oct 06Now 25% undervalued after recent price dropOver the last 90 days, the stock is down 11%. The fair value is estimated to be €7.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years, while earnings per share has been flat.New Risk • Oct 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.1% 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: Minor Risks Dividend is not well covered by cash flows (118% cash payout ratio). Share price has been volatile over the past 3 months (6.1% average weekly change). Profit margins are more than 30% lower than last year (7.1% net profit margin).Upcoming Dividend • Sep 06Upcoming dividend of zł1.50 per share at 4.9% yieldEligible shareholders must have bought the stock before 13 September 2023. Payment date: 12 October 2023. Payout ratio is a comfortable 52% but the company is paying out more than the cash it is generating. Trailing yield: 4.9%. Within top quartile of German dividend payers (4.8%). In line with average of industry peers (4.6%).New Risk • Aug 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.2% 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: Minor Risks Dividend is not well covered by cash flows (118% cash payout ratio). Share price has been volatile over the past 3 months (7.2% average weekly change). Profit margins are more than 30% lower than last year (7.1% net profit margin).Valuation Update With 7 Day Price Move • May 23Investor sentiment improves as stock rises 22%After last week's 22% share price gain to €7.14, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 15x in the Building industry in Europe. Total returns to shareholders of 27% over the past year.공고 • May 23FERRO S.A., Annual General Meeting, Jun 21, 2023FERRO S.A., Annual General Meeting, Jun 21, 2023, at 11:00 Central European Standard Time.공고 • Jan 31+ 3 more updatesFERRO S.A. to Report Fiscal Year 2022 Final Results on Oct 19, 2023FERRO S.A. announced that they will report fiscal year 2022 final results on Oct 19, 2023Reported Earnings • Nov 20Third quarter 2022 earnings released: EPS: zł0.65 (vs zł1.02 in 3Q 2021)Third quarter 2022 results: EPS: zł0.65 (down from zł1.02 in 3Q 2021). Revenue: zł226.5m (flat on 3Q 2021). Net income: zł13.7m (down 37% from 3Q 2021). Profit margin: 6.1% (down from 9.5% in 3Q 2021).Valuation Update With 7 Day Price Move • Sep 27Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €4.73, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 12x in the Building industry in Europe. Total loss to shareholders of 31% over the past year.Reported Earnings • Sep 22Second quarter 2022 earnings released: EPS: zł0.88 (vs zł2.72 in 2Q 2021)Second quarter 2022 results: EPS: zł0.88 (down from zł2.72 in 2Q 2021). Revenue: zł224.6m (up 2.1% from 2Q 2021). Net income: zł18.6m (down 68% from 2Q 2021). Profit margin: 8.3% (down from 26% in 2Q 2021). The decrease in margin was driven by higher expenses.Upcoming Dividend • Sep 12Upcoming dividend of zł1.51 per shareEligible shareholders must have bought the stock before 19 September 2022. Payment date: 14 October 2022. Payout ratio is a comfortable 29% but the company is not cash flow positive. Trailing yield: 5.9%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.3%).공고 • May 26FERRO S.A., Annual General Meeting, Jun 22, 2022FERRO S.A., Annual General Meeting, Jun 22, 2022, at 11:00 Central European Standard Time.Reported Earnings • Dec 02Third quarter 2021 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2021 results: EPS: zł1.02 (down from zł1.11 in 3Q 2020). Revenue: zł227.3m (up 53% from 3Q 2020). Net income: zł21.7m (down 8.1% from 3Q 2020). Profit margin: 9.5% (down from 16% in 3Q 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates.Reported Earnings • Oct 03Second quarter 2021 earnings released: EPS zł2.72 (vs zł0.58 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: zł220.0m (up 95% from 2Q 2020). Net income: zł57.8m (up 368% from 2Q 2020). Profit margin: 26% (up from 11% in 2Q 2020). The increase in margin was driven by higher revenue.Valuation Update With 7 Day Price Move • Jun 11Investor sentiment improved over the past weekAfter last week's 19% share price gain to zł8.96, the stock trades at a trailing P/E ratio of 14.5x. Average trailing P/E is 23x in the Building industry in Europe.Reported Earnings • Jun 01Third quarter 2020 earnings released: EPS zł1.11 (vs zł0.68 in 3Q 2019)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: zł148.6m (up 21% from 3Q 2019). Net income: zł23.6m (up 62% from 3Q 2019). Profit margin: 16% (up from 12% in 3Q 2019). The increase in margin was driven by higher revenue.이익 및 매출 성장 예측DB:0MN - 애널리스트 향후 추정치 및 과거 재무 데이터 (PLN Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/2028905N/A59N/A112/31/2027848N/A5574112/31/2026789N/A597413/31/202675968143158N/A12/31/2025755684358N/A9/30/2025762611125N/A6/30/2025774701424N/A3/31/2025780762330N/A12/31/202478472100109N/A9/30/202478676156164N/A6/30/202479370180187N/A3/31/202479766179189N/A12/31/202380667152163N/A9/30/202381563120136N/A6/30/2023829566182N/A3/31/2023869622752N/A12/31/202291565-29-4N/A9/30/202292864-74-49N/A6/30/202292872-52-30N/A3/31/2022923111016N/A12/31/20218311084558N/A9/30/20217431075361N/A6/30/20216651097682N/A3/31/2021559634753N/A12/31/2020521625863N/A9/30/2020499556267N/A6/30/2020473466369N/A3/31/2020467445561N/A12/31/201945240N/A55N/A9/30/201944242N/A56N/A6/30/201942840N/A15N/A3/31/201941737N/A-12N/A12/31/201840638N/A-25N/A9/30/201838910N/A-8N/A6/30/201838210N/A33N/A3/31/201837212N/A39N/A12/31/201736511N/A53N/A9/30/201736138N/A33N/A6/30/201734836N/A18N/A3/31/201734433N/A35N/A12/31/201633329N/A34N/A9/30/201632128N/A35N/A6/30/201631425N/A33N/A3/31/201630424N/A28N/A12/31/201529322N/A31N/A9/30/201528522N/A31N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 0MN 의 예상 수익 증가율이 절약률(1.9%)보다 높은지 판단하기에는 데이터가 부족합니다.수익 vs 시장: 0MN 의 수익이 German 시장보다 빠르게 성장할 것으로 예상되는지 판단하기에는 데이터가 부족합니다.고성장 수익: 0MN 의 수익이 향후 3년 동안 상당히 증가할 것으로 예상되는지 판단하기에는 데이터가 부족합니다.수익 대 시장: 0MN 의 수익(연간 4.7%)이 German 시장(연간 6.6%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: 0MN 의 수익(연간 4.7%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 0MN의 자본 수익률이 3년 후 높을 것으로 예상되는지 판단하기에 데이터가 부족합니다.성장 기업 찾아보기7D1Y7D1Y7D1YCapital-goods 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/23 22:44종가2026/07/23 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.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 소스FERRO S.A.는 3명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Sylwia JaskiewiczDom Maklerski Banku Ochrony Srodowiska S.A.Tomasz SokolowskiErste Bank Polska S.A.Michal SopielErste Bank Polska S.A.
Buy Or Sell Opportunity • Jul 14Now 21% undervaluedOver the last 90 days, the stock has risen 8.0% to €7.26. The fair value is estimated to be €9.17, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.8% over the last 3 years. Earnings per share has grown by 4.1%.
Buy Or Sell Opportunity • Jun 01Now 22% undervaluedOver the last 90 days, the stock has risen 4.9% to €7.30. The fair value is estimated to be €9.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.8% over the last 3 years. Earnings per share has grown by 4.2%.
Reported Earnings • May 24First quarter 2026 earnings released: EPS: zł0.93 (vs zł0.94 in 1Q 2025)First quarter 2026 results: EPS: zł0.93 (down from zł0.94 in 1Q 2025). Revenue: zł199.8m (up 1.8% from 1Q 2025). Net income: zł19.8m (down 1.3% from 1Q 2025). Profit margin: 9.9% (in line with 1Q 2025). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 2% per year.
공고 • May 22FERRO S.A. announces Annual dividend, payable on October 08, 2026FERRO S.A. announced Annual dividend of PLN 2.3600 per share payable on October 08, 2026, ex-date on September 10, 2026 and record date on September 11, 2026.
공고 • May 21FERRO S.A., Annual General Meeting, Jun 22, 2026FERRO S.A., Annual General Meeting, Jun 22, 2026, at 11:00 Central European Standard Time.
공고 • Nov 15FERRO S.A. to Report Q3, 2025 Results on Nov 18, 2025FERRO S.A. announced that they will report Q3, 2025 results on Nov 18, 2025
공고 • Aug 21FERRO S.A. to Report First Half, 2025 Results on Sep 18, 2025FERRO S.A. announced that they will report first half, 2025 results on Sep 18, 2025
공고 • May 28+ 1 more updateFERRO S.A., Annual General Meeting, Jun 25, 2025FERRO S.A., Annual General Meeting, Jun 25, 2025.
Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: zł1.28 (vs zł0.99 in 3Q 2023)Third quarter 2024 results: EPS: zł1.28 (up from zł0.99 in 3Q 2023). Revenue: zł206.0m (down 3.1% from 3Q 2023). Net income: zł27.2m (up 29% from 3Q 2023). Profit margin: 13% (up from 9.9% in 3Q 2023). The increase in margin was driven by lower expenses. 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 2% per year, which means it is well ahead of earnings.
Reported Earnings • Sep 18Second quarter 2024 earnings released: EPS: zł0.78 (vs zł0.59 in 2Q 2023)Second quarter 2024 results: EPS: zł0.78 (up from zł0.59 in 2Q 2023). Revenue: zł180.1m (down 1.4% from 2Q 2023). Net income: zł16.6m (up 31% from 2Q 2023). Profit margin: 9.2% (up from 6.9% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
Upcoming Dividend • Sep 04Upcoming dividend of zł3.16 per shareEligible shareholders must have bought the stock before 11 September 2024. Payment date: 10 October 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 8.7%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.0%).
New Risk • Aug 14New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.1% 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: Minor Risks Dividend is not well covered by earnings (101% payout ratio). Share price has been volatile over the past 3 months (7.1% average weekly change).
Reported Earnings • May 23First quarter 2024 earnings released: EPS: zł0.79 (vs zł0.82 in 1Q 2023)First quarter 2024 results: EPS: zł0.79 (down from zł0.82 in 1Q 2023). Revenue: zł200.0m (down 3.6% from 1Q 2023). Net income: zł16.7m (down 4.3% from 1Q 2023). Profit margin: 8.4% (in line with 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
Declared Dividend • May 19Dividend of zł3.16 announcedShareholders will receive a dividend of zł3.16. Ex-date: 11th September 2024 Payment date: 10th October 2024 Dividend yield will be 37%, which is higher than the industry average of 5.0%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 12% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
공고 • May 18FERRO S.A., Annual General Meeting, Jun 18, 2024FERRO S.A., Annual General Meeting, Jun 18, 2024.
Reported Earnings • Mar 29Full year 2023 earnings released: EPS: zł3.16 (vs zł3.08 in FY 2022)Full year 2023 results: EPS: zł3.16 (up from zł3.08 in FY 2022). Revenue: zł806.8m (down 12% from FY 2022). Net income: zł67.0m (up 2.5% from FY 2022). Profit margin: 8.3% (up from 7.2% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
공고 • Jan 28+ 3 more updatesFERRO S.A. to Report Q3, 2024 Results on Nov 13, 2024FERRO S.A. announced that they will report Q3, 2024 results on Nov 13, 2024
Valuation Update With 7 Day Price Move • Dec 05Investor sentiment improves as stock rises 23%After last week's 23% share price gain to €7.16, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 14x in the Building industry in Europe. Total returns to shareholders of 63% over the past year.
Reported Earnings • Nov 30Third quarter 2023 earnings released: EPS: zł0.99 (vs zł0.65 in 3Q 2022)Third quarter 2023 results: EPS: zł0.99 (up from zł0.65 in 3Q 2022). Revenue: zł212.7m (down 5.9% from 3Q 2022). Net income: zł21.1m (up 54% from 3Q 2022). Profit margin: 9.9% (up from 6.1% in 3Q 2022). The increase in margin was driven by lower expenses.
Valuation Update With 7 Day Price Move • Oct 13Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €6.60, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 14x in the Building industry in Europe. Total returns to shareholders of 46% over the past year.
Buying Opportunity • Oct 06Now 25% undervalued after recent price dropOver the last 90 days, the stock is down 11%. The fair value is estimated to be €7.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years, while earnings per share has been flat.
New Risk • Oct 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.1% 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: Minor Risks Dividend is not well covered by cash flows (118% cash payout ratio). Share price has been volatile over the past 3 months (6.1% average weekly change). Profit margins are more than 30% lower than last year (7.1% net profit margin).
Upcoming Dividend • Sep 06Upcoming dividend of zł1.50 per share at 4.9% yieldEligible shareholders must have bought the stock before 13 September 2023. Payment date: 12 October 2023. Payout ratio is a comfortable 52% but the company is paying out more than the cash it is generating. Trailing yield: 4.9%. Within top quartile of German dividend payers (4.8%). In line with average of industry peers (4.6%).
New Risk • Aug 04New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.2% 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: Minor Risks Dividend is not well covered by cash flows (118% cash payout ratio). Share price has been volatile over the past 3 months (7.2% average weekly change). Profit margins are more than 30% lower than last year (7.1% net profit margin).
Valuation Update With 7 Day Price Move • May 23Investor sentiment improves as stock rises 22%After last week's 22% share price gain to €7.14, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 15x in the Building industry in Europe. Total returns to shareholders of 27% over the past year.
공고 • May 23FERRO S.A., Annual General Meeting, Jun 21, 2023FERRO S.A., Annual General Meeting, Jun 21, 2023, at 11:00 Central European Standard Time.
공고 • Jan 31+ 3 more updatesFERRO S.A. to Report Fiscal Year 2022 Final Results on Oct 19, 2023FERRO S.A. announced that they will report fiscal year 2022 final results on Oct 19, 2023
Reported Earnings • Nov 20Third quarter 2022 earnings released: EPS: zł0.65 (vs zł1.02 in 3Q 2021)Third quarter 2022 results: EPS: zł0.65 (down from zł1.02 in 3Q 2021). Revenue: zł226.5m (flat on 3Q 2021). Net income: zł13.7m (down 37% from 3Q 2021). Profit margin: 6.1% (down from 9.5% in 3Q 2021).
Valuation Update With 7 Day Price Move • Sep 27Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €4.73, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 12x in the Building industry in Europe. Total loss to shareholders of 31% over the past year.
Reported Earnings • Sep 22Second quarter 2022 earnings released: EPS: zł0.88 (vs zł2.72 in 2Q 2021)Second quarter 2022 results: EPS: zł0.88 (down from zł2.72 in 2Q 2021). Revenue: zł224.6m (up 2.1% from 2Q 2021). Net income: zł18.6m (down 68% from 2Q 2021). Profit margin: 8.3% (down from 26% in 2Q 2021). The decrease in margin was driven by higher expenses.
Upcoming Dividend • Sep 12Upcoming dividend of zł1.51 per shareEligible shareholders must have bought the stock before 19 September 2022. Payment date: 14 October 2022. Payout ratio is a comfortable 29% but the company is not cash flow positive. Trailing yield: 5.9%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.3%).
공고 • May 26FERRO S.A., Annual General Meeting, Jun 22, 2022FERRO S.A., Annual General Meeting, Jun 22, 2022, at 11:00 Central European Standard Time.
Reported Earnings • Dec 02Third quarter 2021 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2021 results: EPS: zł1.02 (down from zł1.11 in 3Q 2020). Revenue: zł227.3m (up 53% from 3Q 2020). Net income: zł21.7m (down 8.1% from 3Q 2020). Profit margin: 9.5% (down from 16% in 3Q 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates.
Reported Earnings • Oct 03Second quarter 2021 earnings released: EPS zł2.72 (vs zł0.58 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: zł220.0m (up 95% from 2Q 2020). Net income: zł57.8m (up 368% from 2Q 2020). Profit margin: 26% (up from 11% in 2Q 2020). The increase in margin was driven by higher revenue.
Valuation Update With 7 Day Price Move • Jun 11Investor sentiment improved over the past weekAfter last week's 19% share price gain to zł8.96, the stock trades at a trailing P/E ratio of 14.5x. Average trailing P/E is 23x in the Building industry in Europe.
Reported Earnings • Jun 01Third quarter 2020 earnings released: EPS zł1.11 (vs zł0.68 in 3Q 2019)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: zł148.6m (up 21% from 3Q 2019). Net income: zł23.6m (up 62% from 3Q 2019). Profit margin: 16% (up from 12% in 3Q 2019). The increase in margin was driven by higher revenue.