View ValuationTKH Group 향후 성장Future 기준 점검 1/6TKH Group (는) 각각 연간 15.4% 및 5.2% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 15.8% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 13.5% 로 예상됩니다.핵심 정보15.4%이익 성장률15.79%EPS 성장률Electrical 이익 성장27.0%매출 성장률5.2%향후 자기자본이익률13.51%애널리스트 커버리지Good마지막 업데이트01 Jun 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updates공시 • Mar 06+ 2 more updatesTKH Group N.V. announces Annual dividend, payable on June 02, 2026TKH Group N.V. announced Annual dividend of EUR 1.3500 per share payable on June 02, 2026, ex-date on May 15, 2026 and record date on May 18, 2026.공시 • Mar 07TKH Group N.V. announces Annual dividend, payable on May 23, 2025TKH Group N.V. announced Annual dividend of EUR 1.5000 per share payable on May 23, 2025, ex-date on May 19, 2025 and record date on May 20, 2025.공시 • Mar 05TKH Group N.V., Annual General Meeting, May 15, 2025TKH Group N.V., Annual General Meeting, May 15, 2025.공시 • Nov 13+ 3 more updatesTKH Group N.V. to Report First Half, 2025 Results on Aug 12, 2025TKH Group N.V. announced that they will report first half, 2025 results on Aug 12, 2025공시 • Aug 17Eiffage Énergie Systèmes completed the acquisition of Ekb Groep B.V. from TKH Group N.V. (ENXTAM:TWEKA).Eiffage Énergie Systèmes agreed to acquire Ekb Groep B.V. from TKH Group N.V. (ENXTAM:TWEKA) on July 15, 2024. This transaction is subject to approval by the Dutch competition authorities. The turnover of EKB, part of TKH’s Smart Manufacturing segment, totaled €35.5 million in 2023 with an EBITA of €2.6 million. The divestment of EKB will result in a one-off net profit contribution of about €11 million for TKH. The transaction is expected to close in the third quarter of 2024. Eiffage Énergie Systèmes completed the acquisition of Ekb Groep B.V. from TKH Group N.V. (ENXTAM:TWEKA) on August 16, 2024.공시 • Jul 17Eiffage Énergie Systèmes agreed to acquire Ekb Groep B.Vfrom TKH Group N.V. (ENXTAM:TWEKA).Eiffage Énergie Systèmes agreed to acquire Ekb Groep B.V. from TKH Group N.V. (ENXTAM:TWEKA) on July 15, 2024. This transaction is subject to approval by the Dutch competition authorities. The turnover of EKB, part of TKH’s Smart Manufacturing segment, totaled €35.5 million in 2023 with an EBITA of €2.6 million. The divestment of EKB will result in a one-off net profit contribution of about €11 million for TKH. The transaction is expected to close in the third quarter of 2024.Buy Or Sell Opportunity • May 09Now 23% undervaluedOver the last 90 days, the stock has risen 9.5% to €39.88. The fair value is estimated to be €51.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 39%. For the next 3 years, revenue is forecast to grow by 4.1% per annum. Earnings are also forecast to grow by 6.3% per annum over the same time period.Upcoming Dividend • May 02Upcoming dividend of €1.70 per shareEligible shareholders must have bought the stock before 09 May 2024. Payment date: 14 May 2024. Payout ratio is a comfortable 42% but the company is not cash flow positive. Trailing yield: 4.2%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.9%).New Risk • Mar 24New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 20% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (20% accrual ratio). Minor Risks High level of debt (56% net debt to equity). Paying a dividend despite having no free cash flows.Reported Earnings • Mar 07Full year 2023 earnings released: EPS: €4.07 (vs €3.34 in FY 2022)Full year 2023 results: EPS: €4.07 (up from €3.34 in FY 2022). Revenue: €1.85b (up 1.7% from FY 2022). Net income: €165.7m (up 21% from FY 2022). Profit margin: 9.0% (up from 7.5% in FY 2022). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.공시 • Jan 24TKH Group N.V. (ENXTAM:TWEKA) acquired JCAI Inc.TKH Group N.V. (ENXTAM:TWEKA) acquired JCAI Inc on January 24, 2024. As per the transaction, The annual turnover of JCAII amounted to CAD 13.7 million, with 25% of turnover derived from recurring software sales. TKH finances the transaction from existing resources. TKH Group N.V. (ENXTAM:TWEKA) completed the acquisition of JCAI Inc on January 24, 2024.공시 • Sep 25TKH Group N.V. to Report Fiscal Year 2023 Results on Mar 05, 2024TKH Group N.V. announced that they will report fiscal year 2023 results on Mar 05, 2024공시 • Sep 24+ 2 more updatesTKH Group N.V. to Report Q3, 2024 Results on Nov 12, 2024TKH Group N.V. announced that they will report Q3, 2024 results on Nov 12, 2024Reported Earnings • Aug 18First half 2023 earnings released: EPS: €2.40 (vs €1.70 in 1H 2022)First half 2023 results: EPS: €2.40 (up from €1.70 in 1H 2022). Revenue: €947.6m (up 5.3% from 1H 2022). Net income: €98.4m (up 41% from 1H 2022). Profit margin: 10% (up from 7.8% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.New Risk • Aug 18New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 70% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (70% net debt to equity). Dividend is not well covered by cash flows (258% cash payout ratio).Buying Opportunity • Jul 14Now 20% undervaluedOver the last 90 days, the stock is up 2.9%. The fair value is estimated to be €60.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.8% over the last 3 years. Earnings per share has grown by 35%. For the next 3 years, revenue is forecast to grow by 5.6% per annum. Earnings is also forecast to grow by 12% per annum over the same time period.Buying Opportunity • Jun 21Now 20% undervaluedOver the last 90 days, the stock is up 1.8%. The fair value is estimated to be €57.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.8% over the last 3 years. Earnings per share has grown by 35%. For the next 3 years, revenue is forecast to grow by 4.8% per annum. Earnings is also forecast to grow by 12% per annum over the same time period.이익 및 매출 성장 예측DB:TWSA - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20282,029149140262612/31/20271,939132117237712/31/20261,849109106226712/31/20251,7619462192N/A9/30/20251,7327955191N/A6/30/20251,7046347190N/A3/31/20251,7088141193N/A12/31/20241,71310034196N/A9/30/20241,740108-2191N/A6/30/20241,767117-38187N/A3/31/20241,807141-58170N/A12/31/20231,848166-78153N/A9/30/20231,856166-26182N/A6/30/20231,86416626211N/A3/31/20231,8411512164N/A12/31/20221,817137-22116N/A9/30/20221,757131-4172N/A6/30/20221,698125-6128N/A3/31/20221,61111032114N/A12/31/20211,52495125199N/A9/30/20211,43078145219N/A6/30/20211,33661164239N/A3/31/20211,31354141214N/A12/31/20201,28948118188N/A9/30/20201,35253109176N/A6/30/20201,41558100164N/A3/31/20201,45363105173N/A12/31/20191,49069110182N/A9/30/20191,48678N/A181N/A6/30/20191,48386N/A179N/A3/31/20191,47092N/A153N/A12/31/20181,45898N/A127N/A9/30/20181,47295N/A122N/A6/30/20181,48793N/A118N/A3/31/20181,48689N/A139N/A12/31/20171,48586N/A160N/A9/30/20171,45090N/A141N/A6/30/20171,41594N/A122N/A3/31/20171,37790N/A113N/A12/31/20161,33986N/A104N/A9/30/20161,33583N/A150N/A6/30/20161,33281N/A196N/A3/31/20161,35283N/A189N/A12/31/20151,37286N/A182N/A9/30/20151,37589N/A140N/A6/30/20151,37792N/A99N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: TWSA 의 연간 예상 수익 증가율(15.4%)이 saving rate(1.9%)보다 높습니다.수익 vs 시장: TWSA 의 연간 수익(15.4%)이 German 시장(17.1%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: TWSA 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: TWSA 의 수익(연간 5.2%)이 German 시장(연간 6.7%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: TWSA 의 수익(연간 5.2%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: TWSA의 자본 수익률은 3년 후 13.5%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YCapital-goods 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/17 22:20종가2026/06/17 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 세부 정보는 당사의 Github 페이지에서 확인하실 수 있으며, 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스TKH Group N.V.는 10명의 분석가가 다루고 있습니다. 이 중 7명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Anna PatriceBerenbergTrion ReidBerenbergMichael RoegDegroof Petercam7명의 분석가 더 보기
공시 • Mar 06+ 2 more updatesTKH Group N.V. announces Annual dividend, payable on June 02, 2026TKH Group N.V. announced Annual dividend of EUR 1.3500 per share payable on June 02, 2026, ex-date on May 15, 2026 and record date on May 18, 2026.
공시 • Mar 07TKH Group N.V. announces Annual dividend, payable on May 23, 2025TKH Group N.V. announced Annual dividend of EUR 1.5000 per share payable on May 23, 2025, ex-date on May 19, 2025 and record date on May 20, 2025.
공시 • Mar 05TKH Group N.V., Annual General Meeting, May 15, 2025TKH Group N.V., Annual General Meeting, May 15, 2025.
공시 • Nov 13+ 3 more updatesTKH Group N.V. to Report First Half, 2025 Results on Aug 12, 2025TKH Group N.V. announced that they will report first half, 2025 results on Aug 12, 2025
공시 • Aug 17Eiffage Énergie Systèmes completed the acquisition of Ekb Groep B.V. from TKH Group N.V. (ENXTAM:TWEKA).Eiffage Énergie Systèmes agreed to acquire Ekb Groep B.V. from TKH Group N.V. (ENXTAM:TWEKA) on July 15, 2024. This transaction is subject to approval by the Dutch competition authorities. The turnover of EKB, part of TKH’s Smart Manufacturing segment, totaled €35.5 million in 2023 with an EBITA of €2.6 million. The divestment of EKB will result in a one-off net profit contribution of about €11 million for TKH. The transaction is expected to close in the third quarter of 2024. Eiffage Énergie Systèmes completed the acquisition of Ekb Groep B.V. from TKH Group N.V. (ENXTAM:TWEKA) on August 16, 2024.
공시 • Jul 17Eiffage Énergie Systèmes agreed to acquire Ekb Groep B.Vfrom TKH Group N.V. (ENXTAM:TWEKA).Eiffage Énergie Systèmes agreed to acquire Ekb Groep B.V. from TKH Group N.V. (ENXTAM:TWEKA) on July 15, 2024. This transaction is subject to approval by the Dutch competition authorities. The turnover of EKB, part of TKH’s Smart Manufacturing segment, totaled €35.5 million in 2023 with an EBITA of €2.6 million. The divestment of EKB will result in a one-off net profit contribution of about €11 million for TKH. The transaction is expected to close in the third quarter of 2024.
Buy Or Sell Opportunity • May 09Now 23% undervaluedOver the last 90 days, the stock has risen 9.5% to €39.88. The fair value is estimated to be €51.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 39%. For the next 3 years, revenue is forecast to grow by 4.1% per annum. Earnings are also forecast to grow by 6.3% per annum over the same time period.
Upcoming Dividend • May 02Upcoming dividend of €1.70 per shareEligible shareholders must have bought the stock before 09 May 2024. Payment date: 14 May 2024. Payout ratio is a comfortable 42% but the company is not cash flow positive. Trailing yield: 4.2%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.9%).
New Risk • Mar 24New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 20% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (20% accrual ratio). Minor Risks High level of debt (56% net debt to equity). Paying a dividend despite having no free cash flows.
Reported Earnings • Mar 07Full year 2023 earnings released: EPS: €4.07 (vs €3.34 in FY 2022)Full year 2023 results: EPS: €4.07 (up from €3.34 in FY 2022). Revenue: €1.85b (up 1.7% from FY 2022). Net income: €165.7m (up 21% from FY 2022). Profit margin: 9.0% (up from 7.5% in FY 2022). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
공시 • Jan 24TKH Group N.V. (ENXTAM:TWEKA) acquired JCAI Inc.TKH Group N.V. (ENXTAM:TWEKA) acquired JCAI Inc on January 24, 2024. As per the transaction, The annual turnover of JCAII amounted to CAD 13.7 million, with 25% of turnover derived from recurring software sales. TKH finances the transaction from existing resources. TKH Group N.V. (ENXTAM:TWEKA) completed the acquisition of JCAI Inc on January 24, 2024.
공시 • Sep 25TKH Group N.V. to Report Fiscal Year 2023 Results on Mar 05, 2024TKH Group N.V. announced that they will report fiscal year 2023 results on Mar 05, 2024
공시 • Sep 24+ 2 more updatesTKH Group N.V. to Report Q3, 2024 Results on Nov 12, 2024TKH Group N.V. announced that they will report Q3, 2024 results on Nov 12, 2024
Reported Earnings • Aug 18First half 2023 earnings released: EPS: €2.40 (vs €1.70 in 1H 2022)First half 2023 results: EPS: €2.40 (up from €1.70 in 1H 2022). Revenue: €947.6m (up 5.3% from 1H 2022). Net income: €98.4m (up 41% from 1H 2022). Profit margin: 10% (up from 7.8% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
New Risk • Aug 18New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 70% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (70% net debt to equity). Dividend is not well covered by cash flows (258% cash payout ratio).
Buying Opportunity • Jul 14Now 20% undervaluedOver the last 90 days, the stock is up 2.9%. The fair value is estimated to be €60.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.8% over the last 3 years. Earnings per share has grown by 35%. For the next 3 years, revenue is forecast to grow by 5.6% per annum. Earnings is also forecast to grow by 12% per annum over the same time period.
Buying Opportunity • Jun 21Now 20% undervaluedOver the last 90 days, the stock is up 1.8%. The fair value is estimated to be €57.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.8% over the last 3 years. Earnings per share has grown by 35%. For the next 3 years, revenue is forecast to grow by 4.8% per annum. Earnings is also forecast to grow by 12% per annum over the same time period.