View Financial HealthSTEICO 배당 및 자사주 매입배당 기준 점검 2/6STEICO 수익으로 충분히 충당되는 현재 수익률 0.93% 보유한 배당금 지급 회사입니다. 다음 지급일은 24th June, 2026 이며 배당락일은 다음과 같습니다. 22nd June, 2026.핵심 정보0.9%배당 수익률0%자사주 매입 수익률총 주주 수익률0.9%미래 배당 수익률1.6%배당 성장률6.6%다음 배당 지급일24 Jun 26배당락일22 Jun 26주당 배당금n/a배당 성향15%최근 배당 및 자사주 매입 업데이트Declared Dividend • May 20Dividend of €0.20 announcedDividend of €0.20 is the same as last year. Ex-date: 22nd June 2026 Payment date: 24th June 2026 Dividend yield will be 1.0%, which is lower than the industry average of 5.0%. Sustainability & Growth Dividend is well covered by both earnings (15% earnings payout ratio) and cash flows (7% cash payout ratio). The dividend has increased by an average of 1.2% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 43% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공시 • Apr 30STEICO SE announces Annual dividend, payable on June 24, 2026STEICO SE announced Annual dividend of EUR 0.2000 per share payable on June 24, 2026, ex-date on June 22, 2026 and record date on June 23, 2026.공시 • May 08STEICO SE announces Annual dividend, payable on June 25, 2025STEICO SE announced Annual dividend of EUR 0.2000 per share payable on June 25, 2025, ex-date on June 23, 2025 and record date on June 24, 2025.Upcoming Dividend • Jun 19Upcoming dividend of €0.40 per share at 0.9% yieldEligible shareholders must have bought the stock before 26 June 2023. Payment date: 28 June 2023. Payout ratio is a comfortable 12% but the company is not cash flow positive. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (4.2%).Upcoming Dividend • Jun 17Upcoming dividend of €0.40 per shareEligible shareholders must have bought the stock before 24 June 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (2.4%).Upcoming Dividend • Jun 18Upcoming dividend of €0.30 per shareEligible shareholders must have bought the stock before 25 June 2021. Payment date: 29 June 2021. Trailing yield: 0.3%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (1.5%).모든 업데이트 보기Recent updatesDeclared Dividend • May 20Dividend of €0.20 announcedDividend of €0.20 is the same as last year. Ex-date: 22nd June 2026 Payment date: 24th June 2026 Dividend yield will be 1.0%, which is lower than the industry average of 5.0%. Sustainability & Growth Dividend is well covered by both earnings (15% earnings payout ratio) and cash flows (7% cash payout ratio). The dividend has increased by an average of 1.2% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 43% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Board Change • May 20High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. CEO, Director & Member of Administrative Board Aiveen Kearney is the most experienced director on the board, commencing their role in 2024. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.공시 • May 08STEICO SE, Annual General Meeting, Jun 19, 2026STEICO SE, Annual General Meeting, Jun 19, 2026, at 09:00 W. Europe Standard Time.공시 • Apr 30STEICO SE announces Annual dividend, payable on June 24, 2026STEICO SE announced Annual dividend of EUR 0.2000 per share payable on June 24, 2026, ex-date on June 22, 2026 and record date on June 23, 2026.공시 • Apr 16STEICO SE to Report Q1, 2026 Results on Apr 14, 2026STEICO SE announced that they will report Q1, 2026 results on Apr 14, 2026공시 • Oct 14STEICO SE to Report Q3, 2025 Results on Oct 13, 2025STEICO SE announced that they will report Q3, 2025 results on Oct 13, 2025공시 • Jun 20STEICO SE Provides Earnings Guidance for the Full Year 2025STEICO SE provided earnings guidance for the full year 2025. For the period, the company expects sales to be around 3% to 6% higher than in the previous year (previously: plus 3%); this would correspond to sales of around €388 million to €399 million. EBIT is now expected to be around €29 million to €35 million is expected (previously €27 million to €35 million).공시 • May 12STEICO SE, Annual General Meeting, Jun 20, 2025STEICO SE, Annual General Meeting, Jun 20, 2025, at 09:00 W. Europe Standard Time.공시 • May 08STEICO SE announces Annual dividend, payable on June 25, 2025STEICO SE announced Annual dividend of EUR 0.2000 per share payable on June 25, 2025, ex-date on June 23, 2025 and record date on June 24, 2025.공시 • Apr 11STEICO SE to Report Q1, 2025 Results on Apr 22, 2025STEICO SE announced that they will report Q1, 2025 results on Apr 22, 2025공시 • Apr 10STEICO SE to Report Fiscal Year 2024 Final Results on Apr 30, 2025STEICO SE announced that they will report fiscal year 2024 final results on Apr 30, 2025공시 • Jan 22STEICO SE Announces Changes to the Administrative BoardSTEICO SE announced Mr. Udo Schramek (Deputy Chairman of the Administrative Board) and Mrs. Katarzyna Schramek on 21 January 2025 resigned from their positions as members of the Administrative Board of the company with effect from the end of 28 February 2025. The Chairman of the Administrative Board, Mr. Paul O’Gorman, and Ms. Aiveen Kearney will continue as members of the Administrative Board. Following the departure of Mr. and Mrs. Schramek, the Administrative Board will consist of only two members and therefore no longer has the required number of members to form a quorum.Price Target Changed • Oct 29Price target decreased by 9.8% to €34.50Down from €38.25, the current price target is an average from 4 analysts. New target price is 43% above last closing price of €24.10. Stock is down 13% over the past year. The company is forecast to post earnings per share of €2.29 for next year compared to €1.20 last year.공시 • Oct 19STEICO SE to Report Q3, 2024 Results on Oct 21, 2024STEICO SE announced that they will report Q3, 2024 results on Oct 21, 2024공시 • Oct 09STEICO SE Announces Resignation of Roger Fränkel as Managing Director for Investments and Plant Engineering on 31 December 2024STEICO SE announced that Roger Fränkel, Managing Director for Investments and Plant Engineering, has informed the Administrative Board that he will be stepping down from his position as Managing Director on 31 December 2024 in order to pursue new professional challenges. The Administrative Board has decided to fill the position in the short term, but no longer at Managing Director level.공시 • Aug 21STEICO SE Announces Resignation of David Meyer as CFO, Effective December 2024Dr. David Meyer, CFO of the STEICO Group since June 2012, informed the Administrative Board that he will be leaving the company when his current contract expires at the end of December 2024 in order to pursue new professional challenges. A new CFO for the STEICO Group shall be presented shortly.Buy Or Sell Opportunity • Aug 15Now 23% overvaluedOver the last 90 days, the stock has fallen 24% to €28.70. The fair value is estimated to be €23.31, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to decline by 3.2% in the next 2 years.New Risk • Aug 02New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.4% 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 0.4% per year for the foreseeable future. Minor Risks High level of debt (46% net debt to equity). Large one-off items impacting financial results.Valuation Update With 7 Day Price Move • Jul 29Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to €26.25, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 17x in the Building industry in Europe. Total loss to shareholders of 77% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €20.55 per share.Reported Earnings • Jul 25First half 2024 earnings releasedFirst half 2024 results: Revenue: €191.3m (flat on 1H 2023). Net income: €19.8m (up 120% from 1H 2023). Profit margin: 10% (up from 4.7% in 1H 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Building industry in Europe.New Risk • May 16New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.6x 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 Risk Interest payments are not well covered by earnings (1.6x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.6% net profit margin).공시 • May 10STEICO SE, Annual General Meeting, Jun 21, 2024STEICO SE, Annual General Meeting, Jun 21, 2024, at 10:00 W. Europe Standard Time.Reported Earnings • May 05Full year 2023 earnings: Revenues miss analyst expectationsFull year 2023 results: Revenue: €389.4m (down 13% from FY 2022). Net income: €16.9m (down 65% from FY 2022). Profit margin: 4.3% (down from 11% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 2.2%. Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Building industry in Europe.Valuation Update With 7 Day Price Move • Apr 24Investor sentiment improves as stock rises 21%After last week's 21% share price gain to €33.80, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 15x in the Building industry in Europe. Total loss to shareholders of 56% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €36.09 per share.Buy Or Sell Opportunity • Mar 26Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 21% to €26.40. The fair value is estimated to be €33.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to decline by 0.6% in 2 years. Earnings are forecast to decline by 25% in the next 2 years.Price Target Changed • Feb 12Price target decreased by 8.1% to €39.67Down from €43.17, the current price target is an average from 6 analysts. New target price is 50% above last closing price of €26.40. The company is forecast to post earnings per share of €1.28 for next year compared to €3.40 last year.New Risk • Feb 12New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 4.3% 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 Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Earnings are forecast to decline by an average of 4.3% per year for the foreseeable future. High level of non-cash earnings (29% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Profit margins are more than 30% lower than last year (7.5% net profit margin).Buy Or Sell Opportunity • Feb 10Now 26% undervalued after recent price dropOver the last 90 days, the stock has fallen 17% to €25.10. The fair value is estimated to be €33.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 4.3% in 2 years. Earnings are forecast to decline by 19% in the next 2 years.Buying Opportunity • Dec 13Now 20% undervaluedOver the last 90 days, the stock is up 9.0%. The fair value is estimated to be €37.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 5.2% in 2 years. Earnings is forecast to decline by 18% in the next 2 years.Buying Opportunity • Nov 28Now 21% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be €38.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 5.2% in 2 years. Earnings is forecast to decline by 18% in the next 2 years.Valuation Update With 7 Day Price Move • Nov 16Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €32.80, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 15x in the Building industry in Europe. Total loss to shareholders of 30% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €38.39 per share.Buying Opportunity • Nov 09Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 14%. The fair value is estimated to be €36.31, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 5.2% in 2 years. Earnings is forecast to decline by 18% in the next 2 years.Valuation Update With 7 Day Price Move • Oct 30Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €26.15, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 13x in the Building industry in Europe. Total loss to shareholders of 43% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €37.85 per share.New Risk • Jul 28New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.5% 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 Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings are forecast to decline by an average of 1.5% per year for the foreseeable future. High level of non-cash earnings (29% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (7.5% net profit margin).Reported Earnings • Jul 27First half 2023 earnings releasedFirst half 2023 results: Revenue: €190.3m (down 20% from 1H 2022). Net income: €9.03m (down 66% from 1H 2022). Profit margin: 4.7% (down from 11% in 1H 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Building industry in Europe.Price Target Changed • Jul 26Price target decreased by 13% to €42.83Down from €49.33, the current price target is an average from 6 analysts. New target price is 34% above last closing price of €32.00. The company is forecast to post earnings per share of €1.28 for next year compared to €3.40 last year.New Risk • Jul 25New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 16% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (11% average weekly change). High level of non-cash earnings (29% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (7.4% net profit margin).공시 • Jul 18Kingspan Group plc entered into an agreement to acquire a 51% stake in STEICO SE from Schramek Gmbh for approximately €290 million.Kingspan Group plc entered into an agreement to acquire a 51% stake in STEICO SE from Schramek Gmbh for approximately €290 million on July 17, 2023. The initial consideration for the shares will be €35 per share, plus potential deferred consideration of up to a further €35 per share contingent on achievement of specified thresholds with a material uplift in profitability. The acquisition is expected to be earnings neutral initially, based on Kingspan consensus EPS for 2023 and Steico guidance for 2023. The acquisition is conditional on regulatory clearance and is expected to complete in early 2024.Valuation Update With 7 Day Price Move • Jul 17Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €34.65, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 15x in the Building industry in Europe. Total loss to shareholders of 8.4% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €46.81 per share.New Risk • Jun 23New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 10% 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 (10% average weekly change). Earnings are forecast to decline by an average of 7.4% per year for the foreseeable future. High level of non-cash earnings (21% accrual ratio). Minor Risk High level of debt (43% net debt to equity).Buying Opportunity • Jun 23Now 24% undervalued after recent price dropOver the last 90 days, the stock is down 43%. The fair value is estimated to be €41.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 31%. For the next 3 years, revenue is forecast to grow by 9.7% per annum. Earnings is forecast to decline by 7.4% per annum over the same time period.Valuation Update With 7 Day Price Move • Jun 22Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €38.50, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 14x in the Building industry in Europe. Total returns to shareholders of 25% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €52.06 per share.Price Target Changed • Jun 21Price target decreased by 14% to €61.50Down from €71.50, the current price target is an average from 6 analysts. New target price is 38% above last closing price of €44.45. Stock is down 32% over the past year. The company is forecast to post earnings per share of €1.99 for next year compared to €3.40 last year.Upcoming Dividend • Jun 19Upcoming dividend of €0.40 per share at 0.9% yieldEligible shareholders must have bought the stock before 26 June 2023. Payment date: 28 June 2023. Payout ratio is a comfortable 12% but the company is not cash flow positive. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (4.2%).New Risk • Jun 09New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.6% 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 Risks Earnings are forecast to decline by an average of 2.6% per year for the foreseeable future. High level of non-cash earnings (21% accrual ratio). Minor Risks High level of debt (43% net debt to equity). Share price has been volatile over the past 3 months (8.7% average weekly change).Reported Earnings • May 16Full year 2022 earnings: Revenues miss analyst expectationsFull year 2022 results: Revenue: €463.6m (up 19% from FY 2021). Net income: €47.9m (flat on FY 2021). Profit margin: 10% (down from 12% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.4%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Building industry in Europe.Valuation Update With 7 Day Price Move • May 13Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €49.30, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Building industry in Europe. Total returns to shareholders of 86% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €58.47 per share.Buying Opportunity • Apr 21Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 9.5%. The fair value is estimated to be €58.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings is also forecast to grow by 3.0% per annum over the same time period.Buying Opportunity • Dec 16Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 29%. The fair value is estimated to be €52.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 14% in 2 years. Earnings is forecast to decline by 17% in the next 2 years.Buying Opportunity • Nov 19Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 47%. The fair value is estimated to be €57.33, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 17% in 2 years. Earnings is forecast to decline by 17% in the next 2 years.Price Target Changed • Nov 16Price target decreased to €84.75Down from €102, the current price target is an average from 4 analysts. New target price is 76% above last closing price of €48.05. Stock is down 55% over the past year. The company is forecast to post earnings per share of €3.40 for next year compared to €3.42 last year.Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Valuation Update With 7 Day Price Move • Nov 12Investor sentiment improved over the past weekAfter last week's 19% share price gain to €50.10, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 13x in the Building industry in Europe. Total returns to shareholders of 105% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €56.97 per share.Valuation Update With 7 Day Price Move • Oct 25Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €42.55, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 12x in the Building industry in Europe. Total returns to shareholders of 68% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €70.49 per share.Price Target Changed • Oct 22Price target decreased to €104Down from €115, the current price target is an average from 4 analysts. New target price is 141% above last closing price of €43.00. Stock is down 62% over the past year. The company is forecast to post earnings per share of €3.50 for next year compared to €3.42 last year.Buying Opportunity • Sep 17Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 17%. The fair value is estimated to be €73.64, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 25% in 2 years. Earnings is forecast to decline by 3.7% in the next 2 years.Price Target Changed • Aug 01Price target decreased to €111Down from €123, the current price target is an average from 4 analysts. New target price is 40% above last closing price of €79.30. Stock is down 31% over the past year. The company is forecast to post earnings per share of €3.52 for next year compared to €3.42 last year.Reported Earnings • Jul 21First half 2022 earnings releasedFirst half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down €21.1m from profit in 1H 2021). Profit margin: (down from 11% in 1H 2021). The decrease in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 13%, compared to a 12% growth forecast for the industry in Germany.Upcoming Dividend • Jun 17Upcoming dividend of €0.40 per shareEligible shareholders must have bought the stock before 24 June 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (2.4%).Reported Earnings • May 06Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: EPS: €3.42 (up from €1.63 in FY 2020). Revenue: €388.5m (up 26% from FY 2020). Net income: €48.2m (up 110% from FY 2020). Profit margin: 12% (up from 7.4% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.1%. Over the next year, revenue is forecast to grow 23%, compared to a 13% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Mar 14Investor sentiment improved over the past weekAfter last week's 20% share price gain to €91.20, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 16x in the Building industry in Europe. Total returns to shareholders of 312% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €78.48 per share.Valuation Update With 7 Day Price Move • Feb 23Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to €81.00, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 17x in the Building industry in Europe. Total returns to shareholders of 262% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €72.60 per share.Valuation Update With 7 Day Price Move • Oct 18Investor sentiment improved over the past weekAfter last week's 16% share price gain to €118, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 21x in the Building industry in Europe. Total returns to shareholders of 406% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €122 per share.Price Target Changed • Jul 23Price target increased to €107Up from €99.00, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of €111. Stock is up 182% over the past year.Upcoming Dividend • Jun 18Upcoming dividend of €0.30 per shareEligible shareholders must have bought the stock before 25 June 2021. Payment date: 29 June 2021. Trailing yield: 0.3%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (1.5%).Reported Earnings • Apr 30Full year 2020 earnings released: EPS €1.63 (vs €1.62 in FY 2019)The company reported a mediocre full year result with weaker profit margins, although earnings were flat and revenues improved. Full year 2020 results: Revenue: €308.9m (up 9.9% from FY 2019). Net income: €23.0m (flat on FY 2019). Profit margin: 7.4% (down from 8.1% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth.Is New 90 Day High Low • Feb 13New 90-day high: €71.60The company is up 49% from its price of €48.10 on 13 November 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Building industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.76 per share.Price Target Changed • Jan 08Price target raised to €61.33Up from €52.33, the current price target is an average from 3 analysts. The new target price is close to the current share price of €64.20. As of last close, the stock is up 113% over the past year.Is New 90 Day High Low • Jan 08New 90-day high: €64.20The company is up 31% from its price of €49.00 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 Building industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €13.57 per share.Valuation Update With 7 Day Price Move • Dec 29Investor sentiment improved over the past weekAfter last week's 15% share price gain to €62.80, the stock is trading at a trailing P/E ratio of 38.8x, up from the previous P/E ratio of 33.7x. This compares to an average P/E of 21x in the Building industry in Europe. Total returns to shareholders over the past three years are 199%.Is New 90 Day High Low • Dec 18New 90-day high: €53.40The company is up 18% from its price of €45.40 on 18 September 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Building industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €13.53 per share.Is New 90 Day High Low • Dec 02New 90-day high: €51.00The company is up 18% from its price of €43.20 on 03 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Building 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 €11.04 per share.Price Target Changed • Oct 24Price target raised to €52.33Up from €47.67, the current price target is an average from 3 analysts. The new target price is 11% above the current share price of €47.00. As of last close, the stock is up 83% over the past year.예정된 배당 지급오늘May 24 2026배당락일Jun 22 2026배당 지급일Jun 24 20262 days (배당락일 기준)다음 배당금을 받으려면 앞으로 28 days일 이내에 매수하세요지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: ST5 10년 미만 동안 배당금을 지급해 왔으며 이 기간 동안 지급액은 휘발성이었습니다.배당금 증가: ST5 의 배당금 지급이 증가했지만 회사는 9 년 동안만 배당금을 지급했습니다.배당 수익률 vs 시장STEICO 배당 수익률 vs 시장ST5의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (ST5)0.9%시장 하위 25% (DE)1.5%시장 상위 25% (DE)4.5%업계 평균 (Building)3.7%분석가 예측 (ST5) (최대 3년)1.6%주목할만한 배당금: ST5 의 배당금( 0.93% )은 German 시장에서 배당금 지급자의 하위 25%( 1.54% )와 비교해 주목할 만하지 않습니다.고배당: ST5 의 배당금( 0.93% )은 German 시장에서 배당금 지급자의 상위 25%( 4.55% )와 비교해 낮습니다.주주 대상 이익 배당수익 보장: 낮은 배당금 지급 비율 (14.6%)로 인해 ST5의 배당금 지급은 수익으로 충분히 충당됩니다.주주 현금 배당현금 흐름 범위: 현금 지급 비율 ( 7.5% )이 낮기 때문에 ST5 의 배당금 지급은 현금 흐름으로 완전히 충당됩니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YDE 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/24 13:58종가2026/05/22 00:00수익2025/12/31연간 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 소스STEICO SE는 9명의 분석가가 다루고 있습니다. 이 중 3명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Christoph GreulichBerenbergCosmin FilkerGBC AGPatrick SpeckMontega AG6명의 분석가 더 보기
Declared Dividend • May 20Dividend of €0.20 announcedDividend of €0.20 is the same as last year. Ex-date: 22nd June 2026 Payment date: 24th June 2026 Dividend yield will be 1.0%, which is lower than the industry average of 5.0%. Sustainability & Growth Dividend is well covered by both earnings (15% earnings payout ratio) and cash flows (7% cash payout ratio). The dividend has increased by an average of 1.2% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 43% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • Apr 30STEICO SE announces Annual dividend, payable on June 24, 2026STEICO SE announced Annual dividend of EUR 0.2000 per share payable on June 24, 2026, ex-date on June 22, 2026 and record date on June 23, 2026.
공시 • May 08STEICO SE announces Annual dividend, payable on June 25, 2025STEICO SE announced Annual dividend of EUR 0.2000 per share payable on June 25, 2025, ex-date on June 23, 2025 and record date on June 24, 2025.
Upcoming Dividend • Jun 19Upcoming dividend of €0.40 per share at 0.9% yieldEligible shareholders must have bought the stock before 26 June 2023. Payment date: 28 June 2023. Payout ratio is a comfortable 12% but the company is not cash flow positive. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (4.2%).
Upcoming Dividend • Jun 17Upcoming dividend of €0.40 per shareEligible shareholders must have bought the stock before 24 June 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (2.4%).
Upcoming Dividend • Jun 18Upcoming dividend of €0.30 per shareEligible shareholders must have bought the stock before 25 June 2021. Payment date: 29 June 2021. Trailing yield: 0.3%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (1.5%).
Declared Dividend • May 20Dividend of €0.20 announcedDividend of €0.20 is the same as last year. Ex-date: 22nd June 2026 Payment date: 24th June 2026 Dividend yield will be 1.0%, which is lower than the industry average of 5.0%. Sustainability & Growth Dividend is well covered by both earnings (15% earnings payout ratio) and cash flows (7% cash payout ratio). The dividend has increased by an average of 1.2% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 43% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Board Change • May 20High number of new and inexperienced directorsThere are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. CEO, Director & Member of Administrative Board Aiveen Kearney is the most experienced director on the board, commencing their role in 2024. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.
공시 • May 08STEICO SE, Annual General Meeting, Jun 19, 2026STEICO SE, Annual General Meeting, Jun 19, 2026, at 09:00 W. Europe Standard Time.
공시 • Apr 30STEICO SE announces Annual dividend, payable on June 24, 2026STEICO SE announced Annual dividend of EUR 0.2000 per share payable on June 24, 2026, ex-date on June 22, 2026 and record date on June 23, 2026.
공시 • Apr 16STEICO SE to Report Q1, 2026 Results on Apr 14, 2026STEICO SE announced that they will report Q1, 2026 results on Apr 14, 2026
공시 • Oct 14STEICO SE to Report Q3, 2025 Results on Oct 13, 2025STEICO SE announced that they will report Q3, 2025 results on Oct 13, 2025
공시 • Jun 20STEICO SE Provides Earnings Guidance for the Full Year 2025STEICO SE provided earnings guidance for the full year 2025. For the period, the company expects sales to be around 3% to 6% higher than in the previous year (previously: plus 3%); this would correspond to sales of around €388 million to €399 million. EBIT is now expected to be around €29 million to €35 million is expected (previously €27 million to €35 million).
공시 • May 12STEICO SE, Annual General Meeting, Jun 20, 2025STEICO SE, Annual General Meeting, Jun 20, 2025, at 09:00 W. Europe Standard Time.
공시 • May 08STEICO SE announces Annual dividend, payable on June 25, 2025STEICO SE announced Annual dividend of EUR 0.2000 per share payable on June 25, 2025, ex-date on June 23, 2025 and record date on June 24, 2025.
공시 • Apr 11STEICO SE to Report Q1, 2025 Results on Apr 22, 2025STEICO SE announced that they will report Q1, 2025 results on Apr 22, 2025
공시 • Apr 10STEICO SE to Report Fiscal Year 2024 Final Results on Apr 30, 2025STEICO SE announced that they will report fiscal year 2024 final results on Apr 30, 2025
공시 • Jan 22STEICO SE Announces Changes to the Administrative BoardSTEICO SE announced Mr. Udo Schramek (Deputy Chairman of the Administrative Board) and Mrs. Katarzyna Schramek on 21 January 2025 resigned from their positions as members of the Administrative Board of the company with effect from the end of 28 February 2025. The Chairman of the Administrative Board, Mr. Paul O’Gorman, and Ms. Aiveen Kearney will continue as members of the Administrative Board. Following the departure of Mr. and Mrs. Schramek, the Administrative Board will consist of only two members and therefore no longer has the required number of members to form a quorum.
Price Target Changed • Oct 29Price target decreased by 9.8% to €34.50Down from €38.25, the current price target is an average from 4 analysts. New target price is 43% above last closing price of €24.10. Stock is down 13% over the past year. The company is forecast to post earnings per share of €2.29 for next year compared to €1.20 last year.
공시 • Oct 19STEICO SE to Report Q3, 2024 Results on Oct 21, 2024STEICO SE announced that they will report Q3, 2024 results on Oct 21, 2024
공시 • Oct 09STEICO SE Announces Resignation of Roger Fränkel as Managing Director for Investments and Plant Engineering on 31 December 2024STEICO SE announced that Roger Fränkel, Managing Director for Investments and Plant Engineering, has informed the Administrative Board that he will be stepping down from his position as Managing Director on 31 December 2024 in order to pursue new professional challenges. The Administrative Board has decided to fill the position in the short term, but no longer at Managing Director level.
공시 • Aug 21STEICO SE Announces Resignation of David Meyer as CFO, Effective December 2024Dr. David Meyer, CFO of the STEICO Group since June 2012, informed the Administrative Board that he will be leaving the company when his current contract expires at the end of December 2024 in order to pursue new professional challenges. A new CFO for the STEICO Group shall be presented shortly.
Buy Or Sell Opportunity • Aug 15Now 23% overvaluedOver the last 90 days, the stock has fallen 24% to €28.70. The fair value is estimated to be €23.31, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to decline by 3.2% in the next 2 years.
New Risk • Aug 02New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.4% 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 0.4% per year for the foreseeable future. Minor Risks High level of debt (46% net debt to equity). Large one-off items impacting financial results.
Valuation Update With 7 Day Price Move • Jul 29Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to €26.25, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 17x in the Building industry in Europe. Total loss to shareholders of 77% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €20.55 per share.
Reported Earnings • Jul 25First half 2024 earnings releasedFirst half 2024 results: Revenue: €191.3m (flat on 1H 2023). Net income: €19.8m (up 120% from 1H 2023). Profit margin: 10% (up from 4.7% in 1H 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Building industry in Europe.
New Risk • May 16New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.6x 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 Risk Interest payments are not well covered by earnings (1.6x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.6% net profit margin).
공시 • May 10STEICO SE, Annual General Meeting, Jun 21, 2024STEICO SE, Annual General Meeting, Jun 21, 2024, at 10:00 W. Europe Standard Time.
Reported Earnings • May 05Full year 2023 earnings: Revenues miss analyst expectationsFull year 2023 results: Revenue: €389.4m (down 13% from FY 2022). Net income: €16.9m (down 65% from FY 2022). Profit margin: 4.3% (down from 11% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 2.2%. Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Building industry in Europe.
Valuation Update With 7 Day Price Move • Apr 24Investor sentiment improves as stock rises 21%After last week's 21% share price gain to €33.80, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 15x in the Building industry in Europe. Total loss to shareholders of 56% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €36.09 per share.
Buy Or Sell Opportunity • Mar 26Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 21% to €26.40. The fair value is estimated to be €33.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to decline by 0.6% in 2 years. Earnings are forecast to decline by 25% in the next 2 years.
Price Target Changed • Feb 12Price target decreased by 8.1% to €39.67Down from €43.17, the current price target is an average from 6 analysts. New target price is 50% above last closing price of €26.40. The company is forecast to post earnings per share of €1.28 for next year compared to €3.40 last year.
New Risk • Feb 12New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 4.3% 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 Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Earnings are forecast to decline by an average of 4.3% per year for the foreseeable future. High level of non-cash earnings (29% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Profit margins are more than 30% lower than last year (7.5% net profit margin).
Buy Or Sell Opportunity • Feb 10Now 26% undervalued after recent price dropOver the last 90 days, the stock has fallen 17% to €25.10. The fair value is estimated to be €33.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 4.3% in 2 years. Earnings are forecast to decline by 19% in the next 2 years.
Buying Opportunity • Dec 13Now 20% undervaluedOver the last 90 days, the stock is up 9.0%. The fair value is estimated to be €37.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 5.2% in 2 years. Earnings is forecast to decline by 18% in the next 2 years.
Buying Opportunity • Nov 28Now 21% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be €38.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 5.2% in 2 years. Earnings is forecast to decline by 18% in the next 2 years.
Valuation Update With 7 Day Price Move • Nov 16Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €32.80, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 15x in the Building industry in Europe. Total loss to shareholders of 30% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €38.39 per share.
Buying Opportunity • Nov 09Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 14%. The fair value is estimated to be €36.31, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 5.2% in 2 years. Earnings is forecast to decline by 18% in the next 2 years.
Valuation Update With 7 Day Price Move • Oct 30Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €26.15, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 13x in the Building industry in Europe. Total loss to shareholders of 43% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €37.85 per share.
New Risk • Jul 28New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.5% 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 Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings are forecast to decline by an average of 1.5% per year for the foreseeable future. High level of non-cash earnings (29% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (7.5% net profit margin).
Reported Earnings • Jul 27First half 2023 earnings releasedFirst half 2023 results: Revenue: €190.3m (down 20% from 1H 2022). Net income: €9.03m (down 66% from 1H 2022). Profit margin: 4.7% (down from 11% in 1H 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Building industry in Europe.
Price Target Changed • Jul 26Price target decreased by 13% to €42.83Down from €49.33, the current price target is an average from 6 analysts. New target price is 34% above last closing price of €32.00. The company is forecast to post earnings per share of €1.28 for next year compared to €3.40 last year.
New Risk • Jul 25New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 16% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (11% average weekly change). High level of non-cash earnings (29% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (7.4% net profit margin).
공시 • Jul 18Kingspan Group plc entered into an agreement to acquire a 51% stake in STEICO SE from Schramek Gmbh for approximately €290 million.Kingspan Group plc entered into an agreement to acquire a 51% stake in STEICO SE from Schramek Gmbh for approximately €290 million on July 17, 2023. The initial consideration for the shares will be €35 per share, plus potential deferred consideration of up to a further €35 per share contingent on achievement of specified thresholds with a material uplift in profitability. The acquisition is expected to be earnings neutral initially, based on Kingspan consensus EPS for 2023 and Steico guidance for 2023. The acquisition is conditional on regulatory clearance and is expected to complete in early 2024.
Valuation Update With 7 Day Price Move • Jul 17Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €34.65, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 15x in the Building industry in Europe. Total loss to shareholders of 8.4% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €46.81 per share.
New Risk • Jun 23New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 10% 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 (10% average weekly change). Earnings are forecast to decline by an average of 7.4% per year for the foreseeable future. High level of non-cash earnings (21% accrual ratio). Minor Risk High level of debt (43% net debt to equity).
Buying Opportunity • Jun 23Now 24% undervalued after recent price dropOver the last 90 days, the stock is down 43%. The fair value is estimated to be €41.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 31%. For the next 3 years, revenue is forecast to grow by 9.7% per annum. Earnings is forecast to decline by 7.4% per annum over the same time period.
Valuation Update With 7 Day Price Move • Jun 22Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €38.50, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 14x in the Building industry in Europe. Total returns to shareholders of 25% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €52.06 per share.
Price Target Changed • Jun 21Price target decreased by 14% to €61.50Down from €71.50, the current price target is an average from 6 analysts. New target price is 38% above last closing price of €44.45. Stock is down 32% over the past year. The company is forecast to post earnings per share of €1.99 for next year compared to €3.40 last year.
Upcoming Dividend • Jun 19Upcoming dividend of €0.40 per share at 0.9% yieldEligible shareholders must have bought the stock before 26 June 2023. Payment date: 28 June 2023. Payout ratio is a comfortable 12% but the company is not cash flow positive. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (4.2%).
New Risk • Jun 09New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.6% 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 Risks Earnings are forecast to decline by an average of 2.6% per year for the foreseeable future. High level of non-cash earnings (21% accrual ratio). Minor Risks High level of debt (43% net debt to equity). Share price has been volatile over the past 3 months (8.7% average weekly change).
Reported Earnings • May 16Full year 2022 earnings: Revenues miss analyst expectationsFull year 2022 results: Revenue: €463.6m (up 19% from FY 2021). Net income: €47.9m (flat on FY 2021). Profit margin: 10% (down from 12% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.4%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Building industry in Europe.
Valuation Update With 7 Day Price Move • May 13Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €49.30, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Building industry in Europe. Total returns to shareholders of 86% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €58.47 per share.
Buying Opportunity • Apr 21Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 9.5%. The fair value is estimated to be €58.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings is also forecast to grow by 3.0% per annum over the same time period.
Buying Opportunity • Dec 16Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 29%. The fair value is estimated to be €52.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 14% in 2 years. Earnings is forecast to decline by 17% in the next 2 years.
Buying Opportunity • Nov 19Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 47%. The fair value is estimated to be €57.33, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 17% in 2 years. Earnings is forecast to decline by 17% in the next 2 years.
Price Target Changed • Nov 16Price target decreased to €84.75Down from €102, the current price target is an average from 4 analysts. New target price is 76% above last closing price of €48.05. Stock is down 55% over the past year. The company is forecast to post earnings per share of €3.40 for next year compared to €3.42 last year.
Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Nov 12Investor sentiment improved over the past weekAfter last week's 19% share price gain to €50.10, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 13x in the Building industry in Europe. Total returns to shareholders of 105% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €56.97 per share.
Valuation Update With 7 Day Price Move • Oct 25Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €42.55, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 12x in the Building industry in Europe. Total returns to shareholders of 68% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €70.49 per share.
Price Target Changed • Oct 22Price target decreased to €104Down from €115, the current price target is an average from 4 analysts. New target price is 141% above last closing price of €43.00. Stock is down 62% over the past year. The company is forecast to post earnings per share of €3.50 for next year compared to €3.42 last year.
Buying Opportunity • Sep 17Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 17%. The fair value is estimated to be €73.64, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 25% in 2 years. Earnings is forecast to decline by 3.7% in the next 2 years.
Price Target Changed • Aug 01Price target decreased to €111Down from €123, the current price target is an average from 4 analysts. New target price is 40% above last closing price of €79.30. Stock is down 31% over the past year. The company is forecast to post earnings per share of €3.52 for next year compared to €3.42 last year.
Reported Earnings • Jul 21First half 2022 earnings releasedFirst half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down €21.1m from profit in 1H 2021). Profit margin: (down from 11% in 1H 2021). The decrease in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 13%, compared to a 12% growth forecast for the industry in Germany.
Upcoming Dividend • Jun 17Upcoming dividend of €0.40 per shareEligible shareholders must have bought the stock before 24 June 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (2.4%).
Reported Earnings • May 06Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: EPS: €3.42 (up from €1.63 in FY 2020). Revenue: €388.5m (up 26% from FY 2020). Net income: €48.2m (up 110% from FY 2020). Profit margin: 12% (up from 7.4% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.1%. Over the next year, revenue is forecast to grow 23%, compared to a 13% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Mar 14Investor sentiment improved over the past weekAfter last week's 20% share price gain to €91.20, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 16x in the Building industry in Europe. Total returns to shareholders of 312% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €78.48 per share.
Valuation Update With 7 Day Price Move • Feb 23Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to €81.00, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 17x in the Building industry in Europe. Total returns to shareholders of 262% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €72.60 per share.
Valuation Update With 7 Day Price Move • Oct 18Investor sentiment improved over the past weekAfter last week's 16% share price gain to €118, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 21x in the Building industry in Europe. Total returns to shareholders of 406% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €122 per share.
Price Target Changed • Jul 23Price target increased to €107Up from €99.00, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of €111. Stock is up 182% over the past year.
Upcoming Dividend • Jun 18Upcoming dividend of €0.30 per shareEligible shareholders must have bought the stock before 25 June 2021. Payment date: 29 June 2021. Trailing yield: 0.3%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (1.5%).
Reported Earnings • Apr 30Full year 2020 earnings released: EPS €1.63 (vs €1.62 in FY 2019)The company reported a mediocre full year result with weaker profit margins, although earnings were flat and revenues improved. Full year 2020 results: Revenue: €308.9m (up 9.9% from FY 2019). Net income: €23.0m (flat on FY 2019). Profit margin: 7.4% (down from 8.1% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth.
Is New 90 Day High Low • Feb 13New 90-day high: €71.60The company is up 49% from its price of €48.10 on 13 November 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Building industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.76 per share.
Price Target Changed • Jan 08Price target raised to €61.33Up from €52.33, the current price target is an average from 3 analysts. The new target price is close to the current share price of €64.20. As of last close, the stock is up 113% over the past year.
Is New 90 Day High Low • Jan 08New 90-day high: €64.20The company is up 31% from its price of €49.00 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 Building industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €13.57 per share.
Valuation Update With 7 Day Price Move • Dec 29Investor sentiment improved over the past weekAfter last week's 15% share price gain to €62.80, the stock is trading at a trailing P/E ratio of 38.8x, up from the previous P/E ratio of 33.7x. This compares to an average P/E of 21x in the Building industry in Europe. Total returns to shareholders over the past three years are 199%.
Is New 90 Day High Low • Dec 18New 90-day high: €53.40The company is up 18% from its price of €45.40 on 18 September 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Building industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €13.53 per share.
Is New 90 Day High Low • Dec 02New 90-day high: €51.00The company is up 18% from its price of €43.20 on 03 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Building 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 €11.04 per share.
Price Target Changed • Oct 24Price target raised to €52.33Up from €47.67, the current price target is an average from 3 analysts. The new target price is 11% above the current share price of €47.00. As of last close, the stock is up 83% over the past year.