Upcoming Dividend • Jun 04
Upcoming dividend of €0.60 per share Eligible shareholders must have bought the stock before 08 June 2026. Payment date: 10 June 2026. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (3.0%). Reported Earnings • May 22
Full year 2025 earnings released: EPS: €2.11 (vs €1.17 in FY 2024) Full year 2025 results: EPS: €2.11 (up from €1.17 in FY 2024). Revenue: €195.9m (up 40% from FY 2024). Net income: €27.3m (up 79% from FY 2024). Profit margin: 14% (up from 11% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Declared Dividend • May 20
Dividend increased to €0.60 Dividend of €0.60 is 20% higher than last year. Ex-date: 8th June 2026 Payment date: 10th June 2026 Dividend yield will be 0.8%, which is lower than the industry average of 2.7%. Sustainability & Growth The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 68% to shift the payout ratio to a potentially unsustainable range, which is more than the 19% EPS decline seen over the last 5 years. 공시 • Apr 28
Berliner Effektengesellschaft AG, Annual General Meeting, Jun 05, 2026 Berliner Effektengesellschaft AG, Annual General Meeting, Jun 05, 2026, at 14:00 W. Europe Standard Time. 공시 • Apr 05
Berliner Effektengesellschaft AG announces Annual dividend, payable on June 10, 2026 Berliner Effektengesellschaft AG announced Annual dividend of EUR 0.6000 per share payable on June 10, 2026, ex-date on June 08, 2026 and record date on June 09, 2026. 공시 • May 07
Berliner Effektengesellschaft AG, Annual General Meeting, Jun 13, 2025 Berliner Effektengesellschaft AG, Annual General Meeting, Jun 13, 2025, at 14:00 W. Europe Standard Time. 공시 • Apr 02
Berliner Effektengesellschaft AG announces Annual dividend, payable on June 18, 2025 Berliner Effektengesellschaft AG announced Annual dividend of EUR 0.5000 per share payable on June 18, 2025, ex-date on June 16, 2025 and record date on June 17, 2025. New Risk • Aug 19
New major risk - Revenue and earnings growth Earnings have declined by 10% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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. Buy Or Sell Opportunity • Jul 09
Now 21% undervalued Over the last 90 days, the stock has risen 4.7% to €67.50. The fair value is estimated to be €85.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 35% over the last 3 years. Earnings per share has declined by 50%. Upcoming Dividend • Jun 10
Upcoming dividend of €0.50 per share Eligible shareholders must have bought the stock before 17 June 2024. Payment date: 19 June 2024. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (2.8%). 공시 • May 08
Berliner Effektengesellschaft AG, Annual General Meeting, Jun 14, 2024 Berliner Effektengesellschaft AG, Annual General Meeting, Jun 14, 2024, at 14:00 W. Europe Standard Time. Reported Earnings • Apr 28
Full year 2023 earnings released Full year 2023 results: Revenue: €107.9m (down 26% from FY 2022). Net income: €9.68m (down 63% from FY 2022). Profit margin: 9.0% (down from 18% in FY 2022). The decrease in margin was driven by lower revenue. New Risk • Mar 05
New minor risk - Financial data availability The 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). Profit margins are more than 30% lower than last year (13% net profit margin). Reported Earnings • Aug 21
First half 2023 earnings released First half 2023 results: Revenue: €59.2m (down 34% from 1H 2022). Net income: €7.11m (down 61% from 1H 2022). Profit margin: 12% (down from 20% in 1H 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Upcoming Dividend • Jun 12
Upcoming dividend of €1.00 per share at 1.3% yield Eligible shareholders must have bought the stock before 19 June 2023. Payment date: 21 June 2023. Payout ratio is a comfortable 51% but the company is not cash flow positive. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.0%). Reported Earnings • Apr 28
Full year 2022 earnings released Full year 2022 results: Revenue: €145.3m (down 43% from FY 2021). Net income: €18.0m (down 77% from FY 2021). Profit margin: 12% (down from 30% in FY 2021). The decrease in margin was driven by lower revenue. 공시 • Jan 12
Berliner Effektengesellschaft AG, Annual General Meeting, Jun 16, 2023 Berliner Effektengesellschaft AG, Annual General Meeting, Jun 16, 2023, at 14:00 Central European Standard Time. Upcoming Dividend • Jun 03
Upcoming dividend of €1.00 per share Eligible shareholders must have bought the stock before 10 June 2022. Payment date: 14 June 2022. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.2%). Lower than average of industry peers (2.9%). Reported Earnings • Apr 24
Full year 2021 earnings released: EPS: €5.72 (vs €4.32 in FY 2020) Full year 2021 results: EPS: €5.72 (up from €4.32 in FY 2020). Revenue: €253.0m (down 5.5% from FY 2020). Net income: €76.9m (up 32% from FY 2020). Profit margin: 30% (up from 22% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 69% per year whereas the company’s share price has increased by 66% per year. Reported Earnings • Aug 23
First half 2021 earnings released: EPS €3.04 (vs €2.35 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €155.7m (up 4.3% from 1H 2020). Net income: €40.9m (up 29% from 1H 2020). Profit margin: 26% (up from 21% in 1H 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 69% per year whereas the company’s share price has increased by 68% per year. Upcoming Dividend • Jun 04
Upcoming dividend of €1.00 per share Eligible shareholders must have bought the stock before 11 June 2021. Payment date: 15 June 2021. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (2.3%). Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment improved over the past week After last week's 21% share price gain to €97.00, the stock is trading at a trailing P/E ratio of 41.1x, up from the previous P/E ratio of 33.9x. This compares to an average P/E of 19x in the Capital Markets industry in Germany. Total returns to shareholders over the past three years are 458%. Is New 90 Day High Low • Feb 02
New 90-day high: €84.00 The company is up 130% from its price of €36.60 on 04 November 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 14% over the same period. Is New 90 Day High Low • Jan 14
New 90-day high: €69.00 The company is up 92% from its price of €36.00 on 15 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 Capital Markets industry, which is up 10.0% over the same period. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improved over the past week After last week's 23% share price gain to €66.00, the stock is trading at a trailing P/E ratio of 28x, up from the previous P/E ratio of 22.7x. This compares to an average P/E of 17x in the Capital Markets industry in Germany. Total returns to shareholders over the past three years are 363%. Is New 90 Day High Low • Dec 29
New 90-day high: €55.50 The company is up 43% from its price of €38.80 on 30 September 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 9.0% over the same period. Is New 90 Day High Low • Dec 09
New 90-day high: €49.40 The company is up 30% from its price of €38.00 on 10 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 Capital Markets industry, which is up 4.0% over the same period. Valuation Update With 7 Day Price Move • Nov 16
Market bids up stock over the past week After last week's 17% share price gain to €42.40, the stock is trading at a trailing P/E ratio of 18x, up from the previous P/E ratio of 15.3x. This compares to an average P/E of 15x in the Capital Markets industry in Germany. Total returns to shareholders over the past three years are 246%. Is New 90 Day High Low • Nov 11
New 90-day high: €40.00 The company is up 6.0% from its price of €37.60 on 13 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is down 6.0% over the same period. Is New 90 Day High Low • Oct 19
New 90-day low: €35.20 The company is down 3.0% from its price of €36.40 on 21 July 2020. The German market is flat over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Capital Markets industry, which is down 9.0% over the same period.