공시 • Apr 29
Serge Ferrari Group Discontinues Pet Spinning Operations At Tersuisse Site and Reduces 62 Jobs Serge Ferrari Group announced a new phase in the rollout of its plan to streamline its industrial operations, with plans to cease operations at the Tersuisse site, its high-tenacity PET (polyethylene terephthalate) yarn production plant located in Emmenbrücke, Switzerland, which employs 62 people. Industrial continuity would be fully ensured through external supplies of PET yarn. The Group would, however, retain the intellectual property and technological expertise related to its specialty yarns. Warping operations would be transferred to the La Tour du Pin site to secure the value chain and keep key expertise at the heart of the industrial infrastructure. In line with its strategic plan, this project aims to strengthen the Group’s competitiveness and industrial flexibility to better address the accelerating pace of change in its business segments. It would result in exceptional expenses in the first half of 2026, with a limited cash impact, but would have a positive effect on operating profitability while reducing capital employed starting in 2027. 공시 • Apr 23
SergeFerrari Group SA to Report First Half, 2026 Results on Sep 09, 2026 SergeFerrari Group SA announced that they will report first half, 2026 results on Sep 09, 2026 New Risk • Apr 09
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 3.0x 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 (3.0x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€80.2m market cap, or US$93.6m). Reported Earnings • Mar 29
Full year 2025 earnings released: EPS: €0.47 (vs €1.31 loss in FY 2024) Full year 2025 results: EPS: €0.47 (up from €1.31 loss in FY 2024). Revenue: €347.5m (up 7.4% from FY 2024). Net income: €5.36m (up €20.5m from FY 2024). Profit margin: 1.5% (up from net loss in FY 2024). Revenue is forecast to grow 3.9% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 41 percentage points per year, which is a significant difference in performance. New Risk • Mar 27
New major risk - Revenue and earnings growth Earnings have declined by 45% 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. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.2x net interest cover). Earnings have declined by 45% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Market cap is less than US$100m (€80.0m market cap, or US$92.1m). New Risk • Mar 16
New minor risk - Dividend sustainability The dividend is not well covered by earnings. The company is paying a dividend despite being loss-making. Dividend yield: 2.0% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.2x net interest cover). Minor Risks Paying a dividend despite being loss-making. Market cap is less than US$100m (€73.1m market cap, or US$83.5m). New Risk • Mar 09
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €82.5m (US$95.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.2x net interest cover). Minor Risk Market cap is less than US$100m (€82.5m market cap, or US$95.8m). 공시 • Oct 21
SergeFerrari Group SA to Report Fiscal Year 2025 Results on Mar 11, 2026 SergeFerrari Group SA announced that they will report fiscal year 2025 results After-Market on Mar 11, 2026 공시 • Apr 25
SergeFerrari Group SA to Report First Half, 2025 Results on Sep 10, 2025 SergeFerrari Group SA announced that they will report first half, 2025 results on Sep 10, 2025 공시 • Mar 29
SergeFerrari Group SA, Annual General Meeting, May 15, 2025 SergeFerrari Group SA, Annual General Meeting, May 15, 2025. 공시 • Oct 31
SergeFerrari Group SA to Report Fiscal Year 2024 Results on Mar 27, 2025 SergeFerrari Group SA announced that they will report fiscal year 2024 results on Mar 27, 2025 공시 • Mar 27
SergeFerrari Group SA Proposes Dividend for Fiscal Year 2023, Payable in July 2024 SergeFerrari Group SA announced that, at the Annual General Meeting of May 16th, 2024, the Group will propose a dividend of €0.12 per share for fiscal year 2023, payable in July 2024. New Risk • Feb 14
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 11% 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). Shares are highly illiquid. Earnings are forecast to decline by an average of 11% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (139% cash payout ratio). Market cap is less than US$100m (€70.5m market cap, or US$75.5m). 공시 • Jan 31
SergeFerrari Group SA to Report Fiscal Year 2023 Results on Mar 26, 2024 SergeFerrari Group SA announced that they will report fiscal year 2023 results After-Market on Mar 26, 2024 Reported Earnings • Mar 08
Full year 2022 earnings released: EPS: €1.30 (vs €0.86 in FY 2021) Full year 2022 results: EPS: €1.30 (up from €0.86 in FY 2021). Revenue: €338.7m (up 19% from FY 2021). Net income: €15.5m (up 53% from FY 2021). Profit margin: 4.6% (up from 3.6% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 47% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €15.50, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 13x in the Chemicals industry in Germany. Total returns to shareholders of 234% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €19.09 per share. 공시 • Oct 20
SergeFerrari Group SA Provides Revenue Guidance for the Year 2022 SergeFerrari Group SA provided revenue guidance for the year 2022. The company confirms its 2022 annual revenue target of €335 million. Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment deteriorated over the past week After last week's 18% share price decline to €10.76, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Chemicals industry in Germany. Total returns to shareholders of 80% over the past three years. Upcoming Dividend • May 12
Upcoming dividend of €0.29 per share Eligible shareholders must have bought the stock before 19 May 2022. Payment date: 23 May 2022. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (4.2%). Lower than average of industry peers (5.1%). 공시 • Apr 21
SergeFerrari Group SA Raises Revenue Guidance for the Fiscal Year 2022 SergeFerrari Group SA raised revenue guidance for the fiscal year 2022. For the year, the Group has raised its revenue target from €310 million to €325 million in view of the impact that inflationary pressure on raw material and energy costs will have on its selling prices. Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment improved over the past week After last week's 25% share price gain to €17.82, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 10x in the Chemicals industry in Germany. Total returns to shareholders of 265% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €14.34 per share. Reported Earnings • Mar 09
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: €0.86 (up from €0.04 in FY 2020). Revenue: €285.9m (up 46% from FY 2020). Net income: €10.2m (up €9.71m from FY 2020). Profit margin: 3.6% (up from 0.2% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.5%. Over the next year, revenue is forecast to grow 8.8%, compared to a 4.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 41% per year and the company’s share price has also increased by 41% per year. Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment improved over the past week After last week's 24% share price gain to €17.18, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 11x in the Chemicals industry in Germany. Total returns to shareholders of 251% over the past three years. 공시 • Jan 26
SergeFerrari Group Provides Earnings Guidance for the Year of 2022 SergeFerrari Group provided earnings guidance for the year of 2022. For the year, the company expects sales of around €310 million. Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment improved over the past week After last week's 38% share price gain to €10.14, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Chemicals industry in Germany. Total returns to shareholders of 29% over the past three years. Reported Earnings • Mar 16
Full year 2020 earnings released: EPS €0.04 (vs €0.41 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: €195.3m (up 3.3% from FY 2019). Net income: €471.0k (down 90% from FY 2019). Profit margin: 0.2% (down from 2.6% in FY 2019). Is New 90 Day High Low • Feb 09
New 90-day high: €7.12 The company is up 30% from its price of €5.48 on 10 November 2020. The German market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.07 per share. Is New 90 Day High Low • Jan 23
New 90-day high: €6.46 The company is up 6.0% from its price of €6.08 on 23 October 2020. The German market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.68 per share. Valuation Update With 7 Day Price Move • Oct 29
Market pulls back on stock over the past week After last week's 15% share price decline to €5.36, the stock is trading at a trailing P/E ratio of 17.5x, down from the previous P/E ratio of 20.7x. This compares to an average P/E of 30x in the Chemicals industry in Germany. Total return to shareholders over the past year is a loss of 6.4%. 공시 • Sep 30
SergeFerrari Group SA announced that it expects to receive €30 million in funding SergeFerrari Group SA (ENXTPA:SEFER) announced that it will receive €30 million in a round of funding on September 24, 2020. The transaction will include participation from four leading institutional investors. 공시 • Sep 26
SergeFerrari Group SA announced that it expects to receive €105 million in funding from Crédit Lyonnais S.A. and other investors SergeFerrari Group SA (ENXTPA:SEFER) announced today that it will receive €75 million euro a syndicated loan and €30 million of private placement for seven years for an aggregate €105 million on September 24, 2020. The transaction included participation from Crédit Lyonnais S.A. and four other investors.