View ValuationVBG Group 향후 성장Future 기준 점검 1/6VBG Group (는) 각각 연간 13.7% 및 5.1% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 13.8% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 12.9% 로 예상됩니다.핵심 정보13.7%이익 성장률13.79%EPS 성장률Machinery 이익 성장24.8%매출 성장률5.1%향후 자기자본이익률12.92%애널리스트 커버리지Low마지막 업데이트13 May 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updatesBoard Change • May 21Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Director Anna Stalenbring was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공시 • Apr 27VBG Group AB (publ) to Report Fiscal Year 2026 Results on Feb 17, 2027VBG Group AB (publ) announced that they will report fiscal year 2026 results on Feb 17, 2027공시 • Feb 19VBG Group AB (publ) announces Annual dividend, payable on May 20, 2026VBG Group AB (publ) announced Annual dividend of SEK 7.2500 per share payable on May 20, 2026, ex-date on May 13, 2026 and record date on May 15, 2026.공시 • Nov 11VBG Group AB (publ) to Report Fiscal Year 2025 Final Results on Apr 13, 2026VBG Group AB (publ) announced that they will report fiscal year 2025 final results at 12:00 PM, Central European Standard Time on Apr 13, 2026공시 • Oct 31VBG Group AB (publ), Annual General Meeting, May 12, 2026VBG Group AB (publ), Annual General Meeting, May 12, 2026.공시 • Oct 16+ 2 more updatesVBG Group AB (publ) to Report Q1, 2026 Results on Apr 27, 2026VBG Group AB (publ) announced that they will report Q1, 2026 results on Apr 27, 2026공시 • May 14VBG Group AB (publ) Approves Dividend, Payable on 20 May 2025VBG Group AB (publ) at its AGM held on May 13, 2025 approved board of directors’ proposal, on a dividend of SEK 7.25 per share. The record date for the right to receive dividend was resolved to be 15 May 2025. Payment of the dividend by Euroclear Sweden AB is expected to be initiated on 20 May 2025.공시 • Feb 20VBG Group AB (publ), Annual General Meeting, May 13, 2025VBG Group AB (publ), Annual General Meeting, May 13, 2025.공시 • Feb 19VBG Group AB (publ) to Report Fiscal Year 2025 Results on Feb 18, 2026VBG Group AB (publ) announced that they will report fiscal year 2025 results on Feb 18, 2026공시 • Jan 14Vbg Group AB (Publ) Appoints Ola Hermansson as Division CEO of Truck & Trailer EquipmentVBG Group has announced the appointment of Ola Hermansson as the new Division CEO of Truck & Trailer Equipment (TTE). Ola Hermansson, who has lead VBG Group Truck Equipment operations to date, brings 30 years of leadership experience in the automotive industry. Ola holds a master's degree in mechanical engineering from Luleå University of Technology. Ola Hermansson joined the division Truck & Trailer Equipment within VBG Group in 2020 and his previously career includes senior leadership positions at Saab Automobile, AB Volvo and CEVT AB. Ola has been responsible for leading global body structure projects, vehicle program development and for teams in multiple regions including, France, India, North America, Japan and China. Ola Hermansson will assume the role of Division CEO of Truck & Trailer Equipment on January 14, 2025.Reported Earnings • Oct 23Third quarter 2024 earnings released: EPS: kr4.49 (vs kr6.36 in 3Q 2023)Third quarter 2024 results: EPS: kr4.49 (down from kr6.36 in 3Q 2023). Revenue: kr1.27b (down 12% from 3Q 2023). Net income: kr112.3m (down 29% from 3Q 2023). Profit margin: 8.8% (down from 11% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Germany.공시 • Sep 06+ 3 more updatesVBG Group AB (publ) to Report Q4, 2024 Results on Jan 19, 2025VBG Group AB (publ) announced that they will report Q4, 2024 results on Jan 19, 2025Valuation Update With 7 Day Price Move • Jul 26Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to €33.70, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 12x in the Machinery industry in Germany. Total returns to shareholders of 108% over the past year.New Risk • Jul 22New 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 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 (7.1% average weekly change).Reported Earnings • Jul 22Second quarter 2024 earnings released: EPS: kr6.71 (vs kr5.53 in 2Q 2023)Second quarter 2024 results: EPS: kr6.71 (up from kr5.53 in 2Q 2023). Revenue: kr1.49b (up 3.0% from 2Q 2023). Net income: kr167.8m (up 21% from 2Q 2023). Profit margin: 11% (up from 9.5% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Germany.Buy Or Sell Opportunity • Jul 02Now 22% undervaluedOver the last 90 days, the stock has risen 61% to €42.60. The fair value is estimated to be €54.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to grow by 4.7% in 2 years. Earnings are forecast to grow by 11% in the next 2 years.Buy Or Sell Opportunity • Jun 22Now 24% undervaluedOver the last 90 days, the stock has risen 49% to €40.65. The fair value is estimated to be €53.82, 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. Earnings per share has grown by 26%. Revenue is forecast to grow by 4.7% in 2 years. Earnings are forecast to grow by 11% in the next 2 years.공시 • May 03+ 1 more updateVBG Group AB (publ) Appoints Anders Birgersson as Chairperson of the BoardVBG Group AB (publ) held its annual general meeting on May 2, 2024 announced the appointment of Anders Birgersson was elected as new chairperson of the board. The board of directors shall consist of six ordinary board members with no deputy board members. Anders Birgersson, Peter Augustsson, Louise Nicolin, Mats R Karlsson, Anna Stålenbring och Anders Erkén (CEO) were re-elected as ordinary members of the board.Upcoming Dividend • Apr 26Upcoming dividend of kr7.00 per shareEligible shareholders must have bought the stock before 03 May 2024. Payment date: 10 May 2024. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (3.3%).Reported Earnings • Apr 26First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: kr1.54b (up 9.7% from 1Q 2023). Net income: kr195.8m (up 38% from 1Q 2023). Profit margin: 13% (up from 10% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Machinery industry in Germany.공시 • Mar 28VBG Group AB (publ) Proposes Dividend for the Year 2023, Payable on 10 May 2024VBG Group AB (publ) announced that at its annual general meeting to be held on 2 May 2024, the board of directors proposes a payment of an ordinary dividend of SEK 7.00 (5.50), with record date on 6 May 2024. If the general meeting resolves in accordance with the proposal, payment of the dividend by Euroclear Sweden AB is expected to be initiated on 10 May 2024.Declared Dividend • Mar 28Dividend of kr7.00 announcedShareholders will receive a dividend of kr7.00. Ex-date: 3rd May 2024 Payment date: 10th May 2024 Dividend yield will be 26%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 20% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Recent Insider Transactions • Mar 12Key Executive recently bought €15k worth of stockOn the 6th of March, Fredrik Jigneus bought around 610 shares on-market at roughly €24.83 per share. This transaction amounted to 24% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Fredrik has been a buyer over the last 12 months, purchasing a net total of €34k worth in shares.New Risk • Feb 21New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.06% 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 0.06% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Reported Earnings • Feb 21Full year 2023 earnings released: EPS: kr22.74 (vs kr14.73 in FY 2022)Full year 2023 results: EPS: kr22.74 (up from kr14.73 in FY 2022). Revenue: kr5.74b (up 25% from FY 2022). Net income: kr568.6m (up 54% from FY 2022). Profit margin: 9.9% (up from 8.0% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 2 years compared to a 3.0% growth forecast for the Machinery industry in Germany.공시 • Nov 24VBG Group AB (publ) to Report Fiscal Year 2023 Final Results on Mar 28, 2024VBG Group AB (publ) announced that they will report fiscal year 2023 final results on Mar 28, 2024Valuation Update With 7 Day Price Move • Oct 31Investor sentiment improves as stock rises 19%After last week's 19% share price gain to €19.00, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Machinery industry in Germany.Reported Earnings • Oct 27Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: kr1.44b (up 32% from 3Q 2022). Net income: kr158.9m (up 153% from 3Q 2022). Profit margin: 11% (up from 5.7% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Machinery industry in Germany.New Risk • Oct 25New 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 6.4% 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 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 (6.4% average weekly change).공시 • Sep 25VBG Group AB (publ) to Report Q3, 2023 Results on Oct 24, 2023VBG Group AB (publ) announced that they will report Q3, 2023 results on Oct 24, 2023공시 • Aug 18VBG Group AB (publ), Annual General Meeting, May 02, 2024VBG Group AB (publ), Annual General Meeting, May 02, 2024.Reported Earnings • Jul 23Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: kr1.45b (up 27% from 2Q 2022). Net income: kr138.2m (up 38% from 2Q 2022). Profit margin: 9.5% (in line with 2Q 2022).공시 • Jun 21VBG Group AB (publ) to Report Q2, 2023 Results on Jul 20, 2023VBG Group AB (publ) announced that they will report Q2, 2023 results on Jul 20, 2023Reported Earnings • May 02First quarter 2023 earnings releasedFirst quarter 2023 results: Revenue: kr1.40b (up 21% from 1Q 2022). Net income: kr142.1m (up 24% from 1Q 2022). Profit margin: 10% (in line with 1Q 2022).Board Change • May 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 5 highly experienced directors. Independent Director Anna Stalenbring was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.이익 및 매출 성장 예측DB:KU4 - 애널리스트 향후 추정치 및 과거 재무 데이터 (SEK Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20286,215602575715112/31/20275,891559435666112/31/20265,58545614959113/31/20265,419421243596N/A12/31/20255,394422214531N/A9/30/20255,362377-17543N/A6/30/20255,268393-43560N/A3/31/20255,39946060681N/A12/31/20245,583542204797N/A9/30/20245,752609510682N/A6/30/20245,919655690798N/A3/31/20245,875626628722N/A12/31/20235,740572608723N/A9/30/20235,481530501649N/A6/30/20235,133434294398N/A3/31/20234,824396205316N/A12/31/20224,580368132250N/A9/30/20224,325336127181N/A6/30/20224,081355106222N/A3/31/20223,865348124208N/A12/31/20213,611337125187N/A9/30/20213,435330207289N/A6/30/20213,346322295351N/A3/31/20213,091250341392N/A12/31/20203,147227400446N/A9/30/20203,235229322409N/A6/30/20203,384229367454N/A3/31/20203,693290349452N/A12/31/20193,725300N/A439N/A9/30/20193,747306N/A384N/A6/30/20193,713304N/A316N/A3/31/20193,664298N/A281N/A12/31/20183,492273N/A254N/A9/30/20183,361243N/A295N/A6/30/20183,205225N/A241N/A3/31/20183,051217N/A242N/A12/31/20173,002220N/A244N/A9/30/20172,730199N/A263N/A6/30/20172,346186N/A296N/A3/31/20171,941152N/A271N/A12/31/20161,544121N/A251N/A9/30/20161,402123N/A166N/A6/30/20161,373106N/A138N/A3/31/20161,33290N/A149N/A12/31/20151,31596N/A118N/A9/30/20151,29646N/A159N/A6/30/20151,28088N/A158N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: KU4 의 연간 예상 수익 증가율(13.7%)이 saving rate(1.9%)보다 높습니다.수익 vs 시장: KU4 의 연간 수익(13.7%)이 German 시장(17.1%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: KU4 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: KU4 의 수익(연간 5.1%)이 German 시장(연간 6.8%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: KU4 의 수익(연간 5.1%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: KU4의 자본 수익률은 3년 후 12.9%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YCapital-goods 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/24 18:23종가2026/05/22 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 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 소스VBG Group AB (publ)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.분석가기관Ofelia AspemyrABG Sundal Collier SponsoredCarl GustafssonDanske BankGustav BernebladNordea Markets
Board Change • May 21Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Director Anna Stalenbring was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • Apr 27VBG Group AB (publ) to Report Fiscal Year 2026 Results on Feb 17, 2027VBG Group AB (publ) announced that they will report fiscal year 2026 results on Feb 17, 2027
공시 • Feb 19VBG Group AB (publ) announces Annual dividend, payable on May 20, 2026VBG Group AB (publ) announced Annual dividend of SEK 7.2500 per share payable on May 20, 2026, ex-date on May 13, 2026 and record date on May 15, 2026.
공시 • Nov 11VBG Group AB (publ) to Report Fiscal Year 2025 Final Results on Apr 13, 2026VBG Group AB (publ) announced that they will report fiscal year 2025 final results at 12:00 PM, Central European Standard Time on Apr 13, 2026
공시 • Oct 31VBG Group AB (publ), Annual General Meeting, May 12, 2026VBG Group AB (publ), Annual General Meeting, May 12, 2026.
공시 • Oct 16+ 2 more updatesVBG Group AB (publ) to Report Q1, 2026 Results on Apr 27, 2026VBG Group AB (publ) announced that they will report Q1, 2026 results on Apr 27, 2026
공시 • May 14VBG Group AB (publ) Approves Dividend, Payable on 20 May 2025VBG Group AB (publ) at its AGM held on May 13, 2025 approved board of directors’ proposal, on a dividend of SEK 7.25 per share. The record date for the right to receive dividend was resolved to be 15 May 2025. Payment of the dividend by Euroclear Sweden AB is expected to be initiated on 20 May 2025.
공시 • Feb 20VBG Group AB (publ), Annual General Meeting, May 13, 2025VBG Group AB (publ), Annual General Meeting, May 13, 2025.
공시 • Feb 19VBG Group AB (publ) to Report Fiscal Year 2025 Results on Feb 18, 2026VBG Group AB (publ) announced that they will report fiscal year 2025 results on Feb 18, 2026
공시 • Jan 14Vbg Group AB (Publ) Appoints Ola Hermansson as Division CEO of Truck & Trailer EquipmentVBG Group has announced the appointment of Ola Hermansson as the new Division CEO of Truck & Trailer Equipment (TTE). Ola Hermansson, who has lead VBG Group Truck Equipment operations to date, brings 30 years of leadership experience in the automotive industry. Ola holds a master's degree in mechanical engineering from Luleå University of Technology. Ola Hermansson joined the division Truck & Trailer Equipment within VBG Group in 2020 and his previously career includes senior leadership positions at Saab Automobile, AB Volvo and CEVT AB. Ola has been responsible for leading global body structure projects, vehicle program development and for teams in multiple regions including, France, India, North America, Japan and China. Ola Hermansson will assume the role of Division CEO of Truck & Trailer Equipment on January 14, 2025.
Reported Earnings • Oct 23Third quarter 2024 earnings released: EPS: kr4.49 (vs kr6.36 in 3Q 2023)Third quarter 2024 results: EPS: kr4.49 (down from kr6.36 in 3Q 2023). Revenue: kr1.27b (down 12% from 3Q 2023). Net income: kr112.3m (down 29% from 3Q 2023). Profit margin: 8.8% (down from 11% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Germany.
공시 • Sep 06+ 3 more updatesVBG Group AB (publ) to Report Q4, 2024 Results on Jan 19, 2025VBG Group AB (publ) announced that they will report Q4, 2024 results on Jan 19, 2025
Valuation Update With 7 Day Price Move • Jul 26Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to €33.70, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 12x in the Machinery industry in Germany. Total returns to shareholders of 108% over the past year.
New Risk • Jul 22New 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 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 (7.1% average weekly change).
Reported Earnings • Jul 22Second quarter 2024 earnings released: EPS: kr6.71 (vs kr5.53 in 2Q 2023)Second quarter 2024 results: EPS: kr6.71 (up from kr5.53 in 2Q 2023). Revenue: kr1.49b (up 3.0% from 2Q 2023). Net income: kr167.8m (up 21% from 2Q 2023). Profit margin: 11% (up from 9.5% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Germany.
Buy Or Sell Opportunity • Jul 02Now 22% undervaluedOver the last 90 days, the stock has risen 61% to €42.60. The fair value is estimated to be €54.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to grow by 4.7% in 2 years. Earnings are forecast to grow by 11% in the next 2 years.
Buy Or Sell Opportunity • Jun 22Now 24% undervaluedOver the last 90 days, the stock has risen 49% to €40.65. The fair value is estimated to be €53.82, 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. Earnings per share has grown by 26%. Revenue is forecast to grow by 4.7% in 2 years. Earnings are forecast to grow by 11% in the next 2 years.
공시 • May 03+ 1 more updateVBG Group AB (publ) Appoints Anders Birgersson as Chairperson of the BoardVBG Group AB (publ) held its annual general meeting on May 2, 2024 announced the appointment of Anders Birgersson was elected as new chairperson of the board. The board of directors shall consist of six ordinary board members with no deputy board members. Anders Birgersson, Peter Augustsson, Louise Nicolin, Mats R Karlsson, Anna Stålenbring och Anders Erkén (CEO) were re-elected as ordinary members of the board.
Upcoming Dividend • Apr 26Upcoming dividend of kr7.00 per shareEligible shareholders must have bought the stock before 03 May 2024. Payment date: 10 May 2024. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (3.3%).
Reported Earnings • Apr 26First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: kr1.54b (up 9.7% from 1Q 2023). Net income: kr195.8m (up 38% from 1Q 2023). Profit margin: 13% (up from 10% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Machinery industry in Germany.
공시 • Mar 28VBG Group AB (publ) Proposes Dividend for the Year 2023, Payable on 10 May 2024VBG Group AB (publ) announced that at its annual general meeting to be held on 2 May 2024, the board of directors proposes a payment of an ordinary dividend of SEK 7.00 (5.50), with record date on 6 May 2024. If the general meeting resolves in accordance with the proposal, payment of the dividend by Euroclear Sweden AB is expected to be initiated on 10 May 2024.
Declared Dividend • Mar 28Dividend of kr7.00 announcedShareholders will receive a dividend of kr7.00. Ex-date: 3rd May 2024 Payment date: 10th May 2024 Dividend yield will be 26%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 20% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Recent Insider Transactions • Mar 12Key Executive recently bought €15k worth of stockOn the 6th of March, Fredrik Jigneus bought around 610 shares on-market at roughly €24.83 per share. This transaction amounted to 24% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Fredrik has been a buyer over the last 12 months, purchasing a net total of €34k worth in shares.
New Risk • Feb 21New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.06% 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 0.06% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Reported Earnings • Feb 21Full year 2023 earnings released: EPS: kr22.74 (vs kr14.73 in FY 2022)Full year 2023 results: EPS: kr22.74 (up from kr14.73 in FY 2022). Revenue: kr5.74b (up 25% from FY 2022). Net income: kr568.6m (up 54% from FY 2022). Profit margin: 9.9% (up from 8.0% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 2 years compared to a 3.0% growth forecast for the Machinery industry in Germany.
공시 • Nov 24VBG Group AB (publ) to Report Fiscal Year 2023 Final Results on Mar 28, 2024VBG Group AB (publ) announced that they will report fiscal year 2023 final results on Mar 28, 2024
Valuation Update With 7 Day Price Move • Oct 31Investor sentiment improves as stock rises 19%After last week's 19% share price gain to €19.00, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Machinery industry in Germany.
Reported Earnings • Oct 27Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: kr1.44b (up 32% from 3Q 2022). Net income: kr158.9m (up 153% from 3Q 2022). Profit margin: 11% (up from 5.7% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Machinery industry in Germany.
New Risk • Oct 25New 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 6.4% 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 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 (6.4% average weekly change).
공시 • Sep 25VBG Group AB (publ) to Report Q3, 2023 Results on Oct 24, 2023VBG Group AB (publ) announced that they will report Q3, 2023 results on Oct 24, 2023
공시 • Aug 18VBG Group AB (publ), Annual General Meeting, May 02, 2024VBG Group AB (publ), Annual General Meeting, May 02, 2024.
Reported Earnings • Jul 23Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: kr1.45b (up 27% from 2Q 2022). Net income: kr138.2m (up 38% from 2Q 2022). Profit margin: 9.5% (in line with 2Q 2022).
공시 • Jun 21VBG Group AB (publ) to Report Q2, 2023 Results on Jul 20, 2023VBG Group AB (publ) announced that they will report Q2, 2023 results on Jul 20, 2023
Reported Earnings • May 02First quarter 2023 earnings releasedFirst quarter 2023 results: Revenue: kr1.40b (up 21% from 1Q 2022). Net income: kr142.1m (up 24% from 1Q 2022). Profit margin: 10% (in line with 1Q 2022).
Board Change • May 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 5 highly experienced directors. Independent Director Anna Stalenbring was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.