View ValuationThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsAdbri 향후 성장Future 기준 점검 1/6Adbri (는) 각각 연간 2.5% 및 1.8% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 0.5% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 7.8% 로 예상됩니다.핵심 정보2.5%이익 성장률0.47%EPS 성장률Basic Materials 이익 성장17.9%매출 성장률1.8%향후 자기자본이익률7.77%애널리스트 커버리지Good마지막 업데이트18 Jun 2024최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updates공시 • Jun 18Adbri Limited(ASX:ABC) dropped from FTSE All-World Index (USD)Adbri Limited(ASX:ABC) dropped from FTSE All-World Index (USD)공시 • Feb 27Adbri Limited, Annual General Meeting, May 24, 2024Adbri Limited, Annual General Meeting, May 24, 2024.공시 • Feb 16Adbri Limited to Report Fiscal Year 2023 Results on Feb 27, 2024Adbri Limited announced that they will report fiscal year 2023 results After-Market on Feb 27, 2024공시 • Dec 18CRH to Acquire Remaining Approximately 57% of Adbri's Shares Not Owned by Barro with Intention to Delist Adbri from ASXCRH plc together with the Barro Group ("Barro" and together with CRH the "Partners") have entered into an agreement with Adbri Limited ("Adbri" or the "Company") in relation to a potential transaction to acquire Adbri that is recommended by the Independent Board Committee (IBC) of Adbri (the "Proposal"). Under the Proposal, CRH would partner with Barro, an Australian family-owned business and approximately 43% shareholder of Adbri. CRH currently has a 4.6% interest in the Company via a cash settled derivative and would acquire the remaining approximately 57% of Adbri's shares not owned by Barro with the intention to delist Adbri from the ASX.Reported Earnings • Aug 30First half 2023 earnings released: EPS: AU$0.076 (vs AU$0.074 in 1H 2022)First half 2023 results: EPS: AU$0.076 (up from AU$0.074 in 1H 2022). Revenue: AU$926.4m (up 14% from 1H 2022). Net income: AU$49.8m (up 3.5% from 1H 2022). Profit margin: 5.4% (down from 5.9% in 1H 2022). Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.공시 • Aug 30Adbri Limited Recommends No Payment of an Interim Ordinary Dividend for Half Year Ended 30 June 2023Adbri Limited announced that since the end of the half year ended 30 June 2023 the Board has recommended that no payment of an interim ordinary dividend be made (2022: 5.0 cents, franked at 100%).공시 • Jul 26Adbri Limited to Report First Half, 2023 Results on Aug 29, 2023Adbri Limited announced that they will report first half, 2023 results on Aug 29, 2023공시 • Jul 04Adbri Limited Announces CFO Changes, Effective 5 July 2023Adbri Limited announces the appointment of Mr. Jared Gashel to the role of Chief Financial Officer, effective 5 July 2023. Mr. Gashel has more than 20 years' financial experience in multiple industries working across three continents. Prior to joining Adbri, Mr. Gashel was Acting Chief Financial Officer at Boral Limited between April 2022 and March 2023 and previously held the position of Executive General Manager Group Finance and Property at Boral. Prior to his time at Boral, Jared held multiple senior finance executive roles in Australia and Switzerland as well as more than a decade with KPMG, specialising in advisory and capital markets. Mr. Gashel will take over from Dianne Mong, who has held the position of Acting Chief Financial Officer since March 2023. Ms Mong will resume her role as the Company's General Manager Finance.Valuation Update With 7 Day Price Move • May 25Investor sentiment improves as stock rises 23%After last week's 23% share price gain to €1.19, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 10x in the Basic Materials industry in Europe. Total loss to shareholders of 21% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.45 per share.Buying Opportunity • Mar 09Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 1.9%. The fair value is estimated to be €1.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.8% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to grow by 3.0% per annum. Earnings is also forecast to grow by 3.6% per annum over the same time period.Reported Earnings • Feb 28Full year 2022 earnings released: EPS: AU$0.16 (vs AU$0.18 in FY 2021)Full year 2022 results: EPS: AU$0.16 (down from AU$0.18 in FY 2021). Revenue: AU$1.70b (up 8.4% from FY 2021). Net income: AU$102.6m (down 12% from FY 2021). Profit margin: 6.0% (down from 7.4% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.공시 • Jan 30Adbri Limited Announces Changes to its BoardAdbri Limited announced that existing Independent Non-Executive Director Samantha Hogg has been appointed Deputy Chair and Lead Independent Director following the resignation of Dr. Vanessa Guthrie AO. Ms. Hogg's appointment will be effective on 1 March 2023. Dr. Vanessa Guthrie AO is stepping off the Adbri Board on 28 February 2023 to focus on other Board commitments. Ms. Hogg joined the Adbri Board in March 2022 and is an experienced director and former executive having held senior leadership positions across the transport, infrastructure, energy and resources sectors both domestically and offshore. Ms. Hogg will replace Dr. Guthrie as Chair of the Nomination & Governance Committee, while Mr. Dean Jenkins will replace Dr. Guthrie as Chair of the People &Culture Committee, and will also join the Safety, Health, Environment and Sustainability Committee.Recent Insider Transactions • Sep 18Independent Non-Executive Director recently bought €72k worth of stockOn the 12th of September, Michael Wright bought around 50k shares on-market at roughly €1.44 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.Upcoming Dividend • Sep 14Upcoming dividend of AU$0.05 per shareEligible shareholders must have bought the stock before 21 September 2022. Payment date: 05 October 2022. Payout ratio is a comfortable 72% but the company is not cash flow positive. Trailing yield: 5.9%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (4.2%).Board Change • Sep 02High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Non-executive Director Dean Jenkins was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Aug 28Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €1.52, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 10x in the Basic Materials industry in Europe. Total loss to shareholders of 9.1% over the past three years.Reported Earnings • Aug 23First half 2022 earnings released: EPS: AU$0.074 (vs AU$0.087 in 1H 2021)First half 2022 results: EPS: AU$0.074 (down from AU$0.087 in 1H 2021). Revenue: AU$812.4m (up 8.0% from 1H 2021). Net income: AU$48.1m (down 15% from 1H 2021). Profit margin: 5.9% (down from 7.5% in 1H 2021). Over the next year, revenue is forecast to grow 4.9%, compared to a 4.7% growth forecast for the Basic Materials industry in Germany. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.Board Change • Apr 27High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Sam Hogg was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Board Change • Apr 06High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Sam Hogg was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Upcoming Dividend • Mar 18Upcoming dividend of AU$0.07 per shareEligible shareholders must have bought the stock before 25 March 2022. Payment date: 11 April 2022. Payout ratio is a comfortable 70% but the company is paying out more than the cash it is generating. Trailing yield: 4.0%. Within top quartile of German dividend payers (3.6%). In line with average of industry peers (3.7%).Reported Earnings • Feb 26Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: AU$0.18 (up from AU$0.14 in FY 2020). Revenue: AU$1.57b (up 7.9% from FY 2020). Net income: AU$116.7m (up 25% from FY 2020). Profit margin: 7.4% (up from 6.4% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.4%. Over the next year, revenue is forecast to grow 3.9%, compared to a 9.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings.Reported Earnings • Aug 26First half 2021 earnings released: EPS AU$0.087 (vs AU$0.045 in 1H 2020)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: AU$752.3m (up 7.4% from 1H 2020). Net income: AU$56.6m (up 95% from 1H 2020). Profit margin: 7.5% (up from 4.2% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.Board Change • Aug 01High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Michael John Wright was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Upcoming Dividend • Mar 31Upcoming dividend of AU$0.072 per shareEligible shareholders must have bought the stock before 07 April 2021. Payment date: 22 April 2021. Trailing yield: 4.2%. Within top quartile of German dividend payers (3.3%). Higher than average of industry peers (2.8%).Recent Insider Transactions • Mar 25Non-Executive Director recently bought €60k worth of stockOn the 19th of March, Geoffrey Tarrant bought around 30k shares on-market at roughly €2.01 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €278k more in shares than they have sold in the last 12 months.Analyst Estimate Surprise Post Earnings • Feb 23Revenue beats expectationsRevenue exceeded analyst estimates by 1.5%. Over the next year, revenue is forecast to stay flat compared to a 4.2% growth forecast for the Basic Materials industry in Germany.Reported Earnings • Feb 23Full year 2020 earnings released: EPS AU$0.14 (vs AU$0.073 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: AU$1.45b (down 4.1% from FY 2019). Net income: AU$93.7m (up 98% from FY 2019). Profit margin: 6.4% (up from 3.1% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings.Is New 90 Day High Low • Feb 01New 90-day low: €1.78The company is down 3.0% from its price of €1.84 on 03 November 2020. The German market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.57 per share.Is New 90 Day High Low • Dec 15New 90-day high: €2.02The company is up 17% from its price of €1.73 on 16 September 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.94 per share.Is New 90 Day High Low • Nov 26New 90-day high: €2.00The company is up 32% from its price of €1.52 on 28 August 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.62 per share.이익 및 매출 성장 예측DB:GHO - 애널리스트 향후 추정치 및 과거 재무 데이터 (AUD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20262,080130126284512/31/20251,993120109270712/31/20241,937120-9276712/31/20231,92393-101215N/A9/30/20231,86999-119196N/A6/30/20231,814104-137176N/A3/31/20231,757103-113171N/A12/31/20221,700103-89166N/A9/30/20221,665105-45176N/A6/30/20221,629108-2186N/A3/31/20221,59911227191N/A12/31/20211,56911755195N/A9/30/20211,53811970206N/A6/30/20211,50612186217N/A3/31/20211,480107103236N/A12/31/20201,45494120256N/A9/30/20201,45894132260N/A6/30/20201,46294144265N/A3/31/20201,49071123229N/A12/31/20191,51747102193N/A9/30/20191,5496589188N/A6/30/20191,5808375182N/A3/31/20191,605134104213N/A12/31/20181,631185132245N/A9/30/20181,637190N/AN/AN/A6/30/20181,643195154255N/A3/31/20181,601189145239N/A12/31/20171,560183135224N/A9/30/20171,496182N/AN/AN/A6/30/20171,433181N/A228N/A3/31/20171,415184N/A238N/A12/31/20161,396186N/A248N/A9/30/20161,409194N/A246N/A6/30/20161,421202N/A244N/A3/31/20161,417205N/A237N/A12/31/20151,413208N/A230N/A9/30/20151,414206N/A241N/A6/30/20151,414204N/A252N/A3/31/20151,376188N/A223N/A12/31/20141,338173N/A194N/A9/30/20141,294157N/A179N/A6/30/20141,251141N/A164N/A3/31/20141,239146N/A196N/A12/31/20131,228151N/A227N/A9/30/20131,218149N/A213N/A6/30/20131,208147N/A198N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: GHO 의 연간 예상 수익 증가율(2.5%)이 saving rate(0.7%)보다 높습니다.수익 vs 시장: GHO 의 연간 수익(2.5%)이 German 시장(17.1%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: GHO 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: GHO 의 수익(연간 1.8%)이 German 시장(연간 6.8%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: GHO 의 수익(연간 1.8%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: GHO의 자본 수익률은 3년 후 7.8%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YMaterials 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2024/06/18 09:00종가2024/06/18 00:00수익2023/12/31연간 수익2023/12/31데이터 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 소스Adbri Limited는 15명의 분석가가 다루고 있습니다. 이 중 7명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Jonathan SnapeBell PotterShaurya VisenBofA Global ResearchAndrew ScottCGS International12명의 분석가 더 보기
공시 • Jun 18Adbri Limited(ASX:ABC) dropped from FTSE All-World Index (USD)Adbri Limited(ASX:ABC) dropped from FTSE All-World Index (USD)
공시 • Feb 27Adbri Limited, Annual General Meeting, May 24, 2024Adbri Limited, Annual General Meeting, May 24, 2024.
공시 • Feb 16Adbri Limited to Report Fiscal Year 2023 Results on Feb 27, 2024Adbri Limited announced that they will report fiscal year 2023 results After-Market on Feb 27, 2024
공시 • Dec 18CRH to Acquire Remaining Approximately 57% of Adbri's Shares Not Owned by Barro with Intention to Delist Adbri from ASXCRH plc together with the Barro Group ("Barro" and together with CRH the "Partners") have entered into an agreement with Adbri Limited ("Adbri" or the "Company") in relation to a potential transaction to acquire Adbri that is recommended by the Independent Board Committee (IBC) of Adbri (the "Proposal"). Under the Proposal, CRH would partner with Barro, an Australian family-owned business and approximately 43% shareholder of Adbri. CRH currently has a 4.6% interest in the Company via a cash settled derivative and would acquire the remaining approximately 57% of Adbri's shares not owned by Barro with the intention to delist Adbri from the ASX.
Reported Earnings • Aug 30First half 2023 earnings released: EPS: AU$0.076 (vs AU$0.074 in 1H 2022)First half 2023 results: EPS: AU$0.076 (up from AU$0.074 in 1H 2022). Revenue: AU$926.4m (up 14% from 1H 2022). Net income: AU$49.8m (up 3.5% from 1H 2022). Profit margin: 5.4% (down from 5.9% in 1H 2022). Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
공시 • Aug 30Adbri Limited Recommends No Payment of an Interim Ordinary Dividend for Half Year Ended 30 June 2023Adbri Limited announced that since the end of the half year ended 30 June 2023 the Board has recommended that no payment of an interim ordinary dividend be made (2022: 5.0 cents, franked at 100%).
공시 • Jul 26Adbri Limited to Report First Half, 2023 Results on Aug 29, 2023Adbri Limited announced that they will report first half, 2023 results on Aug 29, 2023
공시 • Jul 04Adbri Limited Announces CFO Changes, Effective 5 July 2023Adbri Limited announces the appointment of Mr. Jared Gashel to the role of Chief Financial Officer, effective 5 July 2023. Mr. Gashel has more than 20 years' financial experience in multiple industries working across three continents. Prior to joining Adbri, Mr. Gashel was Acting Chief Financial Officer at Boral Limited between April 2022 and March 2023 and previously held the position of Executive General Manager Group Finance and Property at Boral. Prior to his time at Boral, Jared held multiple senior finance executive roles in Australia and Switzerland as well as more than a decade with KPMG, specialising in advisory and capital markets. Mr. Gashel will take over from Dianne Mong, who has held the position of Acting Chief Financial Officer since March 2023. Ms Mong will resume her role as the Company's General Manager Finance.
Valuation Update With 7 Day Price Move • May 25Investor sentiment improves as stock rises 23%After last week's 23% share price gain to €1.19, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 10x in the Basic Materials industry in Europe. Total loss to shareholders of 21% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.45 per share.
Buying Opportunity • Mar 09Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 1.9%. The fair value is estimated to be €1.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.8% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to grow by 3.0% per annum. Earnings is also forecast to grow by 3.6% per annum over the same time period.
Reported Earnings • Feb 28Full year 2022 earnings released: EPS: AU$0.16 (vs AU$0.18 in FY 2021)Full year 2022 results: EPS: AU$0.16 (down from AU$0.18 in FY 2021). Revenue: AU$1.70b (up 8.4% from FY 2021). Net income: AU$102.6m (down 12% from FY 2021). Profit margin: 6.0% (down from 7.4% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.
공시 • Jan 30Adbri Limited Announces Changes to its BoardAdbri Limited announced that existing Independent Non-Executive Director Samantha Hogg has been appointed Deputy Chair and Lead Independent Director following the resignation of Dr. Vanessa Guthrie AO. Ms. Hogg's appointment will be effective on 1 March 2023. Dr. Vanessa Guthrie AO is stepping off the Adbri Board on 28 February 2023 to focus on other Board commitments. Ms. Hogg joined the Adbri Board in March 2022 and is an experienced director and former executive having held senior leadership positions across the transport, infrastructure, energy and resources sectors both domestically and offshore. Ms. Hogg will replace Dr. Guthrie as Chair of the Nomination & Governance Committee, while Mr. Dean Jenkins will replace Dr. Guthrie as Chair of the People &Culture Committee, and will also join the Safety, Health, Environment and Sustainability Committee.
Recent Insider Transactions • Sep 18Independent Non-Executive Director recently bought €72k worth of stockOn the 12th of September, Michael Wright bought around 50k shares on-market at roughly €1.44 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.
Upcoming Dividend • Sep 14Upcoming dividend of AU$0.05 per shareEligible shareholders must have bought the stock before 21 September 2022. Payment date: 05 October 2022. Payout ratio is a comfortable 72% but the company is not cash flow positive. Trailing yield: 5.9%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (4.2%).
Board Change • Sep 02High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Non-executive Director Dean Jenkins was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Aug 28Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €1.52, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 10x in the Basic Materials industry in Europe. Total loss to shareholders of 9.1% over the past three years.
Reported Earnings • Aug 23First half 2022 earnings released: EPS: AU$0.074 (vs AU$0.087 in 1H 2021)First half 2022 results: EPS: AU$0.074 (down from AU$0.087 in 1H 2021). Revenue: AU$812.4m (up 8.0% from 1H 2021). Net income: AU$48.1m (down 15% from 1H 2021). Profit margin: 5.9% (down from 7.5% in 1H 2021). Over the next year, revenue is forecast to grow 4.9%, compared to a 4.7% growth forecast for the Basic Materials industry in Germany. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
Board Change • Apr 27High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Sam Hogg was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Board Change • Apr 06High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Sam Hogg was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • Mar 18Upcoming dividend of AU$0.07 per shareEligible shareholders must have bought the stock before 25 March 2022. Payment date: 11 April 2022. Payout ratio is a comfortable 70% but the company is paying out more than the cash it is generating. Trailing yield: 4.0%. Within top quartile of German dividend payers (3.6%). In line with average of industry peers (3.7%).
Reported Earnings • Feb 26Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: AU$0.18 (up from AU$0.14 in FY 2020). Revenue: AU$1.57b (up 7.9% from FY 2020). Net income: AU$116.7m (up 25% from FY 2020). Profit margin: 7.4% (up from 6.4% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.4%. Over the next year, revenue is forecast to grow 3.9%, compared to a 9.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Aug 26First half 2021 earnings released: EPS AU$0.087 (vs AU$0.045 in 1H 2020)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: AU$752.3m (up 7.4% from 1H 2020). Net income: AU$56.6m (up 95% from 1H 2020). Profit margin: 7.5% (up from 4.2% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.
Board Change • Aug 01High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Michael John Wright was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • Mar 31Upcoming dividend of AU$0.072 per shareEligible shareholders must have bought the stock before 07 April 2021. Payment date: 22 April 2021. Trailing yield: 4.2%. Within top quartile of German dividend payers (3.3%). Higher than average of industry peers (2.8%).
Recent Insider Transactions • Mar 25Non-Executive Director recently bought €60k worth of stockOn the 19th of March, Geoffrey Tarrant bought around 30k shares on-market at roughly €2.01 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €278k more in shares than they have sold in the last 12 months.
Analyst Estimate Surprise Post Earnings • Feb 23Revenue beats expectationsRevenue exceeded analyst estimates by 1.5%. Over the next year, revenue is forecast to stay flat compared to a 4.2% growth forecast for the Basic Materials industry in Germany.
Reported Earnings • Feb 23Full year 2020 earnings released: EPS AU$0.14 (vs AU$0.073 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: AU$1.45b (down 4.1% from FY 2019). Net income: AU$93.7m (up 98% from FY 2019). Profit margin: 6.4% (up from 3.1% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings.
Is New 90 Day High Low • Feb 01New 90-day low: €1.78The company is down 3.0% from its price of €1.84 on 03 November 2020. The German market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Basic Materials industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.57 per share.
Is New 90 Day High Low • Dec 15New 90-day high: €2.02The company is up 17% from its price of €1.73 on 16 September 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.94 per share.
Is New 90 Day High Low • Nov 26New 90-day high: €2.00The company is up 32% from its price of €1.52 on 28 August 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.62 per share.