View ValuationBourse Direct 향후 성장Future 기준 점검 2/6Bourse Direct (는) 각각 연간 6.5% 및 3.9% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 7% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 20.9% 로 예상됩니다.핵심 정보6.5%이익 성장률6.95%EPS 성장률Capital Markets 이익 성장7.4%매출 성장률3.9%향후 자기자본이익률20.90%애널리스트 커버리지Low마지막 업데이트11 May 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updatesBuy Or Sell Opportunity • Jun 06Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.1% to €4.75. The fair value is estimated to be €6.11, 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 29%. Revenue is forecast to grow by 8.1% in 2 years. Earnings are forecast to grow by 14% in the next 2 years.Upcoming Dividend • May 13Upcoming dividend of €0.24 per shareEligible shareholders must have bought the stock before 20 May 2026. Payment date: 22 May 2026. Payout ratio is a comfortable 63% and the cash payout ratio is 78%. Trailing yield: 4.5%. Lower than top quartile of German dividend payers (4.6%). Higher than average of industry peers (3.0%).Declared Dividend • Apr 13Dividend increased to €0.24Dividend of €0.24 is 20% higher than last year. Ex-date: 20th May 2026 Payment date: 22nd May 2026 Dividend yield will be 5.0%, which is higher than the industry average of 2.7%. Sustainability & Growth The dividend has increased by an average of 51% per year over the past 6 years and payments have been stable during that time. EPS is expected to remain steady over the next 2 years, which should provide adequate earnings cover for the dividend.공시 • Apr 07Bourse Direct SA, Annual General Meeting, May 12, 2026Bourse Direct SA, Annual General Meeting, May 12, 2026. Location: 374 rue saint honore, paris FranceReported Earnings • Feb 22Full year 2025 earnings releasedFull year 2025 results: Revenue: €77.2m (up 3.8% from FY 2024). Net income: €19.7m (up 3.0% from FY 2024). Profit margin: 26% (in line with FY 2024). Revenue is forecast to grow 2.2% p.a. on average during the next 2 years, compared to a 2.9% growth forecast for the Capital Markets industry in Germany.New Risk • Feb 20New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. This is currently the only risk that has been identified for the company.Valuation Update With 7 Day Price Move • Jan 06Investor sentiment improves as stock rises 26%After last week's 26% share price gain to €5.26, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 11x in the Capital Markets industry in Germany. Total returns to shareholders of 70% over the past three years.Reported Earnings • Aug 05First half 2025 earnings releasedFirst half 2025 results: Revenue: €37.2m (down 3.4% from 1H 2024). Net income: €9.30m (down 8.4% from 1H 2024). Profit margin: 25% (down from 26% in 1H 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 1.4% growth forecast for the Capital Markets industry in Germany.New Risk • Jul 30New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.5% 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. This is currently the only risk that has been identified for the company.Upcoming Dividend • May 19Upcoming dividend of €0.20 per shareEligible shareholders must have bought the stock before 26 May 2025. Payment date: 28 May 2025. Trailing yield: 4.6%. Within top quartile of German dividend payers (4.4%). Higher than average of industry peers (2.4%).Declared Dividend • Apr 14Dividend increased to €0.20Dividend of €0.20 is 25% higher than last year. Ex-date: 26th May 2025 Payment date: 28th May 2025 Dividend yield will be 4.8%, which is higher than the industry average of 2.7%. Sustainability & Growth The dividend has increased by an average of 58% per year over the past 5 years and payments have been stable during that time. EPS is expected to remain steady over the next 2 years, which should provide adequate earnings cover for the dividend.공시 • Apr 10Bourse Direct SA announces Annual dividend, payable on May 28, 2025Bourse Direct SA announced Annual dividend of EUR 0.2000 per share payable on May 28, 2025, ex-date on May 26, 2025 and record date on May 27, 2025.공시 • Apr 09Bourse Direct SA, Annual General Meeting, May 15, 2025Bourse Direct SA, Annual General Meeting, May 15, 2025. Location: 374 rue saint honore, paris FranceReported Earnings • Mar 04Full year 2024 earnings releasedFull year 2024 results: Revenue: €76.4m (up 15% from FY 2023). Net income: €19.1m (up 20% from FY 2023). Profit margin: 25% (up from 24% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 2 years compared to a 1.8% growth forecast for the Capital Markets industry in Germany.Valuation Update With 7 Day Price Move • Jun 14Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to €4.65, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 10x in the Capital Markets industry in Germany. Total returns to shareholders of 45% over the past three years.Upcoming Dividend • May 15Upcoming dividend of €0.16 per shareEligible shareholders must have bought the stock before 22 May 2024. Payment date: 24 May 2024. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (4.6%). In line with average of industry peers (2.7%).New Risk • May 13New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 42% 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 (42% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.New Risk • May 11New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.New Risk • Mar 05New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 42% 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 (42% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Reported Earnings • Feb 28Full year 2023 earnings releasedFull year 2023 results: Revenue: €685.0m (up €637.0m from FY 2022). Net income: €159.0m (up €153.3m from FY 2022). Profit margin: 23% (up from 12% in FY 2022). The increase in margin was driven by higher revenue.Upcoming Dividend • May 15Upcoming dividend of €0.08 per share at 1.5% yieldEligible shareholders must have bought the stock before 22 May 2023. Payment date: 24 May 2023. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.0%).Upcoming Dividend • May 12Upcoming dividend of €0.07 per shareEligible shareholders must have bought the stock before 19 May 2022. Payment date: 23 May 2022. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.2%). Lower than average of industry peers (2.9%).Reported Earnings • Feb 28Full year 2021 earnings: Revenues in line with analyst expectationsFull year 2021 results: Revenue: €46.4m (up 3.7% from FY 2020). Net income: €7.30m (up 20% from FY 2020). Profit margin: 16% (up from 14% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates.Reported Earnings • Sep 06First half 2021 earnings released: EPS €0.08 (vs €0.07 in 1H 2020)The company reported a solid first half result with improved earnings and revenues, although profit margins were flat. First half 2021 results: Revenue: €24.3m (up 3.2% from 1H 2020). Net income: €4.26m (up 7.9% from 1H 2020). Profit margin: 18% (in line with 1H 2020). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • May 11Upcoming dividend of €0.05 per shareEligible shareholders must have bought the stock before 17 May 2021. Payment date: 19 May 2021. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (2.2%).Reported Earnings • Apr 26Full year 2020 earnings releasedThe company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €44.9m (up 41% from FY 2019). Net income: €6.10m (up 341% from FY 2019). Profit margin: 14% (up from 4.3% in FY 2019). The increase in margin was driven by higher revenue.공시 • Mar 19Bourse Direct SA (ENXTPA:BSD) acquired Arobas Finance Sarl.Bourse Direct SA (ENXTPA:BSD) acquired Arobas Finance Sarl on March 18, 2021. Bourse Direct SA (ENXTPA:BSD) completed the acquisition of Arobas Finance Sarl on March 18, 2021.Reported Earnings • Mar 03Full year 2020 earnings releasedThe company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €44.9m (up 41% from FY 2019). Net income: €6.10m (up 341% from FY 2019). Profit margin: 14% (up from 4.3% in FY 2019). The increase in margin was driven by higher revenue.Valuation Update With 7 Day Price Move • Feb 25Investor sentiment improved over the past weekAfter last week's 15% share price gain to €3.18, the stock is trading at a trailing P/E ratio of 43.1x, up from the previous P/E ratio of 37.4x. This compares to an average P/E of 21x in the Capital Markets industry in Germany. Total returns to shareholders over the past three years are 104%.Is New 90 Day High Low • Feb 13New 90-day high: €2.90The company is up 72% from its price of €1.69 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 Capital Markets industry, which is up 11% over the same period.Is New 90 Day High Low • Jan 19New 90-day high: €2.86The company is up 64% from its price of €1.74 on 21 October 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 10.0% over the same period.Is New 90 Day High Low • Dec 08New 90-day high: €2.64The company is up 59% from its price of €1.66 on 09 September 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 5.0% over the same period.Valuation Update With 7 Day Price Move • Nov 26Market bids up stock over the past weekAfter last week's 19% share price gain to €2.24, the stock is trading at a trailing P/E ratio of 31.5x, up from the previous P/E ratio of 26.6x. This compares to an average P/E of 16x in the Capital Markets industry in Germany. Total returns to shareholders over the past three years are 44%.Valuation Update With 7 Day Price Move • Nov 19Market bids up stock over the past weekAfter last week's 25% share price gain to €2.18, the stock is trading at a trailing P/E ratio of 29.6x, up from the previous P/E ratio of 23.6x. This compares to an average P/E of 16x in the Capital Markets industry in Germany. Total returns to shareholders over the past three years are 38%.Is New 90 Day High Low • Nov 17New 90-day high: €1.79The company is up 10.0% from its price of €1.63 on 18 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is down 1.0% over the same period.이익 및 매출 성장 예측BST:BD6 - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202782232224112/31/202680221921112/31/202576201620N/A9/30/202575191720N/A6/30/202573181821N/A3/31/202574191721N/A12/31/202476191621N/A9/30/202474191621N/A6/30/202472181621N/A3/31/202469171922N/A12/31/202366162224N/A9/30/202361131921N/A6/30/202356101618N/A3/31/20235281315N/A12/31/2022486913N/A9/30/202248669N/A6/30/202248724N/A3/31/202247702N/A12/31/2021467-2-1N/A9/30/202146714N/A6/30/202146647N/A3/31/2021456811N/A12/31/20204561416N/A9/30/2020426N/AN/AN/A6/30/2020405N/AN/AN/A3/31/2020363N/AN/AN/A12/31/2019321N/AN/AN/A9/30/2019321N/AN/AN/A6/30/2019321N/A0N/A3/31/2019322N/A0N/A12/31/2018332N/A0N/A9/30/2018343N/AN/AN/A6/30/2018353N/A6N/A3/31/2018353N/A7N/A12/31/2017353N/A9N/A9/30/2017343N/A7N/A6/30/2017343N/A4N/A3/31/2017343N/A3N/A12/31/2016342N/A2N/A9/30/2016352N/A3N/A6/30/2016352N/A4N/A3/31/2016363N/A4N/A12/31/2015373N/A4N/A9/30/2015373N/A4N/A6/30/2015373N/A3N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: BD6 의 연간 예상 수익 증가율(6.5%)이 saving rate(1.9%)보다 높습니다.수익 vs 시장: BD6 의 연간 수익(6.5%)이 German 시장(17.2%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: BD6 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: BD6 의 수익(연간 3.9%)이 German 시장(연간 6.7%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: BD6 의 수익(연간 3.9%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: BD6의 자본 수익률은 3년 후 20.9%로 높을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YDiversified-financials 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/07 03:54종가2026/06/05 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 소스Bourse Direct SA는 1명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Jean-Pierre TabartTPICAP Midcap
Buy Or Sell Opportunity • Jun 06Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.1% to €4.75. The fair value is estimated to be €6.11, 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 29%. Revenue is forecast to grow by 8.1% in 2 years. Earnings are forecast to grow by 14% in the next 2 years.
Upcoming Dividend • May 13Upcoming dividend of €0.24 per shareEligible shareholders must have bought the stock before 20 May 2026. Payment date: 22 May 2026. Payout ratio is a comfortable 63% and the cash payout ratio is 78%. Trailing yield: 4.5%. Lower than top quartile of German dividend payers (4.6%). Higher than average of industry peers (3.0%).
Declared Dividend • Apr 13Dividend increased to €0.24Dividend of €0.24 is 20% higher than last year. Ex-date: 20th May 2026 Payment date: 22nd May 2026 Dividend yield will be 5.0%, which is higher than the industry average of 2.7%. Sustainability & Growth The dividend has increased by an average of 51% per year over the past 6 years and payments have been stable during that time. EPS is expected to remain steady over the next 2 years, which should provide adequate earnings cover for the dividend.
공시 • Apr 07Bourse Direct SA, Annual General Meeting, May 12, 2026Bourse Direct SA, Annual General Meeting, May 12, 2026. Location: 374 rue saint honore, paris France
Reported Earnings • Feb 22Full year 2025 earnings releasedFull year 2025 results: Revenue: €77.2m (up 3.8% from FY 2024). Net income: €19.7m (up 3.0% from FY 2024). Profit margin: 26% (in line with FY 2024). Revenue is forecast to grow 2.2% p.a. on average during the next 2 years, compared to a 2.9% growth forecast for the Capital Markets industry in Germany.
New Risk • Feb 20New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. This is currently the only risk that has been identified for the company.
Valuation Update With 7 Day Price Move • Jan 06Investor sentiment improves as stock rises 26%After last week's 26% share price gain to €5.26, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 11x in the Capital Markets industry in Germany. Total returns to shareholders of 70% over the past three years.
Reported Earnings • Aug 05First half 2025 earnings releasedFirst half 2025 results: Revenue: €37.2m (down 3.4% from 1H 2024). Net income: €9.30m (down 8.4% from 1H 2024). Profit margin: 25% (down from 26% in 1H 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 1.4% growth forecast for the Capital Markets industry in Germany.
New Risk • Jul 30New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.5% 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. This is currently the only risk that has been identified for the company.
Upcoming Dividend • May 19Upcoming dividend of €0.20 per shareEligible shareholders must have bought the stock before 26 May 2025. Payment date: 28 May 2025. Trailing yield: 4.6%. Within top quartile of German dividend payers (4.4%). Higher than average of industry peers (2.4%).
Declared Dividend • Apr 14Dividend increased to €0.20Dividend of €0.20 is 25% higher than last year. Ex-date: 26th May 2025 Payment date: 28th May 2025 Dividend yield will be 4.8%, which is higher than the industry average of 2.7%. Sustainability & Growth The dividend has increased by an average of 58% per year over the past 5 years and payments have been stable during that time. EPS is expected to remain steady over the next 2 years, which should provide adequate earnings cover for the dividend.
공시 • Apr 10Bourse Direct SA announces Annual dividend, payable on May 28, 2025Bourse Direct SA announced Annual dividend of EUR 0.2000 per share payable on May 28, 2025, ex-date on May 26, 2025 and record date on May 27, 2025.
공시 • Apr 09Bourse Direct SA, Annual General Meeting, May 15, 2025Bourse Direct SA, Annual General Meeting, May 15, 2025. Location: 374 rue saint honore, paris France
Reported Earnings • Mar 04Full year 2024 earnings releasedFull year 2024 results: Revenue: €76.4m (up 15% from FY 2023). Net income: €19.1m (up 20% from FY 2023). Profit margin: 25% (up from 24% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 2 years compared to a 1.8% growth forecast for the Capital Markets industry in Germany.
Valuation Update With 7 Day Price Move • Jun 14Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to €4.65, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 10x in the Capital Markets industry in Germany. Total returns to shareholders of 45% over the past three years.
Upcoming Dividend • May 15Upcoming dividend of €0.16 per shareEligible shareholders must have bought the stock before 22 May 2024. Payment date: 24 May 2024. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (4.6%). In line with average of industry peers (2.7%).
New Risk • May 13New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 42% 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 (42% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
New Risk • May 11New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
New Risk • Mar 05New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 42% 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 (42% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Reported Earnings • Feb 28Full year 2023 earnings releasedFull year 2023 results: Revenue: €685.0m (up €637.0m from FY 2022). Net income: €159.0m (up €153.3m from FY 2022). Profit margin: 23% (up from 12% in FY 2022). The increase in margin was driven by higher revenue.
Upcoming Dividend • May 15Upcoming dividend of €0.08 per share at 1.5% yieldEligible shareholders must have bought the stock before 22 May 2023. Payment date: 24 May 2023. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.0%).
Upcoming Dividend • May 12Upcoming dividend of €0.07 per shareEligible shareholders must have bought the stock before 19 May 2022. Payment date: 23 May 2022. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.2%). Lower than average of industry peers (2.9%).
Reported Earnings • Feb 28Full year 2021 earnings: Revenues in line with analyst expectationsFull year 2021 results: Revenue: €46.4m (up 3.7% from FY 2020). Net income: €7.30m (up 20% from FY 2020). Profit margin: 16% (up from 14% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates.
Reported Earnings • Sep 06First half 2021 earnings released: EPS €0.08 (vs €0.07 in 1H 2020)The company reported a solid first half result with improved earnings and revenues, although profit margins were flat. First half 2021 results: Revenue: €24.3m (up 3.2% from 1H 2020). Net income: €4.26m (up 7.9% from 1H 2020). Profit margin: 18% (in line with 1H 2020). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • May 11Upcoming dividend of €0.05 per shareEligible shareholders must have bought the stock before 17 May 2021. Payment date: 19 May 2021. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (2.2%).
Reported Earnings • Apr 26Full year 2020 earnings releasedThe company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €44.9m (up 41% from FY 2019). Net income: €6.10m (up 341% from FY 2019). Profit margin: 14% (up from 4.3% in FY 2019). The increase in margin was driven by higher revenue.
공시 • Mar 19Bourse Direct SA (ENXTPA:BSD) acquired Arobas Finance Sarl.Bourse Direct SA (ENXTPA:BSD) acquired Arobas Finance Sarl on March 18, 2021. Bourse Direct SA (ENXTPA:BSD) completed the acquisition of Arobas Finance Sarl on March 18, 2021.
Reported Earnings • Mar 03Full year 2020 earnings releasedThe company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €44.9m (up 41% from FY 2019). Net income: €6.10m (up 341% from FY 2019). Profit margin: 14% (up from 4.3% in FY 2019). The increase in margin was driven by higher revenue.
Valuation Update With 7 Day Price Move • Feb 25Investor sentiment improved over the past weekAfter last week's 15% share price gain to €3.18, the stock is trading at a trailing P/E ratio of 43.1x, up from the previous P/E ratio of 37.4x. This compares to an average P/E of 21x in the Capital Markets industry in Germany. Total returns to shareholders over the past three years are 104%.
Is New 90 Day High Low • Feb 13New 90-day high: €2.90The company is up 72% from its price of €1.69 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 Capital Markets industry, which is up 11% over the same period.
Is New 90 Day High Low • Jan 19New 90-day high: €2.86The company is up 64% from its price of €1.74 on 21 October 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 10.0% over the same period.
Is New 90 Day High Low • Dec 08New 90-day high: €2.64The company is up 59% from its price of €1.66 on 09 September 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 5.0% over the same period.
Valuation Update With 7 Day Price Move • Nov 26Market bids up stock over the past weekAfter last week's 19% share price gain to €2.24, the stock is trading at a trailing P/E ratio of 31.5x, up from the previous P/E ratio of 26.6x. This compares to an average P/E of 16x in the Capital Markets industry in Germany. Total returns to shareholders over the past three years are 44%.
Valuation Update With 7 Day Price Move • Nov 19Market bids up stock over the past weekAfter last week's 25% share price gain to €2.18, the stock is trading at a trailing P/E ratio of 29.6x, up from the previous P/E ratio of 23.6x. This compares to an average P/E of 16x in the Capital Markets industry in Germany. Total returns to shareholders over the past three years are 38%.
Is New 90 Day High Low • Nov 17New 90-day high: €1.79The company is up 10.0% from its price of €1.63 on 18 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is down 1.0% over the same period.