View ValuationFORTEC Elektronik 향후 성장Future 기준 점검 3/6FORTEC Elektronik (는) 각각 연간 60.4% 및 3% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 60.3% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 4.2% 로 예상됩니다.핵심 정보60.4%이익 성장률60.30%EPS 성장률Electronic 이익 성장34.1%매출 성장률3.0%향후 자기자본이익률4.16%애널리스트 커버리지Low마지막 업데이트20 May 2026최근 향후 성장 업데이트Price Target Changed • May 20Price target decreased by 12% to €15.00Down from €17.00, the current price target is provided by 1 analyst. New target price is 42% above last closing price of €10.60. Stock is down 32% over the past year. The company is forecast to post a net loss per share of €0.60 compared to earnings per share of €0.41 last year.공시 • Jul 11Fortec Elektronik Ag Revises Group Earnings Guidance for Year 2024-2025FORTEC Elektronik AG revised group earnings guidance for year 2024-2025. For the year company now expects Group EBIT of between EUR 1.0 million and EUR 2.0 million (previously: EUR 4.0 million to EUR 6.0 million).Price Target Changed • Aug 21Price target decreased by 15% to €28.00Down from €33.00, the current price target is provided by 1 analyst. New target price is 55% above last closing price of €18.10. Stock is down 33% over the past year. The company is forecast to post earnings per share of €1.53 for next year compared to €2.32 last year.Price Target Changed • Nov 16Price target increased to €31.00Up from €28.00, the current price target is provided by 1 analyst. New target price is 23% above last closing price of €25.20. Stock is up 32% over the past year. The company is forecast to post earnings per share of €1.93 for next year compared to €1.92 last year.Price Target Changed • Apr 27Price target increased to €27.00Up from €25.00, the current price target is provided by 1 analyst. New target price is 32% above last closing price of €20.40. Stock is up 15% over the past year. The company is forecast to post earnings per share of €1.42 for next year compared to €1.19 last year.Price Target Changed • Apr 07Price target increased to €27.00Up from €25.00, the current price target is provided by 1 analyst. New target price is 25% above last closing price of €21.60. Stock is up 17% over the past year. The company is forecast to post earnings per share of €1.42 for next year compared to €1.19 last year.모든 업데이트 보기Recent updatesPrice Target Changed • May 20Price target decreased by 12% to €15.00Down from €17.00, the current price target is provided by 1 analyst. New target price is 42% above last closing price of €10.60. Stock is down 32% over the past year. The company is forecast to post a net loss per share of €0.60 compared to earnings per share of €0.41 last year.공시 • Jan 09+ 3 more updatesFORTEC Elektronik AG to Report Q1, 2027 Results on Nov 27, 2026FORTEC Elektronik AG announced that they will report Q1, 2027 results on Nov 27, 2026공시 • Dec 19FORTEC Elektronik AG, Annual General Meeting, Feb 11, 2026FORTEC Elektronik AG, Annual General Meeting, Feb 11, 2026, at 10:00 W. Europe Standard Time.공시 • Nov 29+ 2 more updatesFORTEC Elektronik AG Announces Stepping Down of Ulrich Ermel as Acting CEOFORTEC Elektronik AG announced that acting CEO, Ulrich Ermel, also announced that he would be stepping down for personal reasons by 30 June 2026.공시 • Oct 23FORTEC Elektronik AG (XTRA:FEV) acquired remaining 63.30% stake in Advantec Electronics B.V.FORTEC Elektronik AG (XTRA:FEV) acquired remaining 63.30% stake in Advantec Electronics B.V. on October 21, 2025. With this step, FORTEC is expanding its presence in the Benelux market and merging Advantec’s activities with those of the recently acquired Nottrot B.V. Prior to the transaction, FORTEC already held a stake of around 36.7% in Advantec Electronics B.V. The Supervisory Board has initiated the process of appointing a new Management Board. Until a new Management Board is appointed – no later than 30 June 2026 – Mr. Ulrich Ermel will continue to manage the company’s affairs and, together with the Supervisory Board, ensure that the company remains capable of acting during the transition phase. FORTEC Elektronik AG (XTRA:FEV) completed the acquisition of remaining 63.30% stake in Advantec Electronics B.V. on October 21, 2025.공시 • Oct 07+ 1 more updateFortec Elektronik Ag Announces Changes in the Management BoardThe Supervisory Board of FORTEC Elektronik AG resolved, for cause, to revoke the appointment of Ms. Sandra Maile as a member of the Management Board and to withdraw her designation as Chairwoman of the Management Board of the Company, each with immediate effect. Mr. Ulrich Ermel informed the Supervisory Board on September 30, 2025, that he will not be available for another term of office and intends to step down from the Management Board of FORTEC Elektronik AG no later than June 30, 2026. The Supervisory Board intends to reconstitute the Management Board in its entirety as of mid-next year and will conduct a structured process to appoint the new members of the Management Board.공시 • Jul 11Fortec Elektronik Ag Revises Group Earnings Guidance for Year 2024-2025FORTEC Elektronik AG revised group earnings guidance for year 2024-2025. For the year company now expects Group EBIT of between EUR 1.0 million and EUR 2.0 million (previously: EUR 4.0 million to EUR 6.0 million).공시 • Apr 25+ 1 more updateFORTEC Elektronik AG to Report Fiscal Year 2025 Results on Oct 30, 2025FORTEC Elektronik AG announced that they will report fiscal year 2025 results at 9:00 AM, Central European Standard Time on Oct 30, 2025공시 • Dec 18FORTEC Elektronik AG, Annual General Meeting, Feb 13, 2025FORTEC Elektronik AG, Annual General Meeting, Feb 13, 2025, at 10:00 W. Europe Standard Time.Reported Earnings • Nov 01Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: €1.63 (down from €2.32 in FY 2023). Revenue: €95.7m (down 9.6% from FY 2023). Net income: €5.30m (down 30% from FY 2023). Profit margin: 5.5% (down from 7.1% in FY 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.0%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.공시 • Sep 27+ 3 more updatesFORTEC Elektronik AG to Report Q3, 2025 Results on May 28, 2025FORTEC Elektronik AG announced that they will report Q3, 2025 results on May 28, 2025New Risk • Sep 03New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.2% 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 Risk Earnings are forecast to decline by an average of 2.2% per year for the foreseeable future. Minor Risk Market cap is less than US$100m (€60.5m market cap, or US$66.7m).Price Target Changed • Aug 21Price target decreased by 15% to €28.00Down from €33.00, the current price target is provided by 1 analyst. New target price is 55% above last closing price of €18.10. Stock is down 33% over the past year. The company is forecast to post earnings per share of €1.53 for next year compared to €2.32 last year.Buy Or Sell Opportunity • Jul 06Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 14% to €20.20. The fair value is estimated to be €25.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to grow by 7.4% in 2 years. Earnings are forecast to grow by 23% in the next 2 years.Buy Or Sell Opportunity • Jun 14Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.0% to €20.20. The fair value is estimated to be €25.75, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to grow by 7.4% in 2 years. Earnings are forecast to grow by 23% in the next 2 years.Reported Earnings • May 30Third quarter 2024 earnings released: EPS: €0.22 (vs €0.83 in 3Q 2023)Third quarter 2024 results: EPS: €0.22 (down from €0.83 in 3Q 2023). Revenue: €23.7m (down 19% from 3Q 2023). Net income: €708.0k (down 74% from 3Q 2023). Profit margin: 3.0% (down from 9.3% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.공시 • May 24FORTEC Elektronik AG to Report Q3, 2024 Results on May 29, 2024FORTEC Elektronik AG announced that they will report Q3, 2024 results on May 29, 2024New Risk • May 23New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.3% 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 Risk Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. Minor Risk Market cap is less than US$100m (€66.3m market cap, or US$71.9m).Reported Earnings • Mar 28Second quarter 2024 earnings released: EPS: €0.25 (vs €0.45 in 2Q 2023)Second quarter 2024 results: EPS: €0.25 (down from €0.45 in 2Q 2023). Revenue: €20.7m (down 15% from 2Q 2023). Net income: €812.0k (down 44% from 2Q 2023). Profit margin: 3.9% (down from 5.9% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.공시 • Mar 23FORTEC Elektronik AG to Report Q2, 2024 Results on Mar 27, 2024FORTEC Elektronik AG announced that they will report Q2, 2024 results on Mar 27, 2024Upcoming Dividend • Feb 01Upcoming dividend of €0.85 per share at 3.3% yieldEligible shareholders must have bought the stock before 08 February 2024. Payment date: 12 February 2024. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (5.0%). Higher than average of industry peers (1.4%).Reported Earnings • Nov 30First quarter 2024 earnings released: EPS: €0.74 (vs €0.60 in 1Q 2023)First quarter 2024 results: EPS: €0.74 (up from €0.60 in 1Q 2023). Revenue: €27.1m (up 8.6% from 1Q 2023). Net income: €2.40m (up 24% from 1Q 2023). Profit margin: 8.9% (up from 7.8% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.New Risk • Nov 24New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Market cap is less than US$100m (€81.3m market cap, or US$88.6m).공시 • Oct 28FORTEC Elektronik AG, Annual General Meeting, Feb 07, 2024FORTEC Elektronik AG, Annual General Meeting, Feb 07, 2024. Agenda: To consider distributing a dividend of EUR 0.85 per share from the retained earnings of the company as at 30 June 2023.Reported Earnings • Oct 28Full year 2023 earnings: Revenues and EPS in line with analyst expectationsFull year 2023 results: EPS: €2.32 (up from €1.92 in FY 2022). Revenue: €108.4m (up 22% from FY 2022). Net income: €7.55m (up 21% from FY 2022). Profit margin: 7.0% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Oct 25Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €20.80, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Electronic industry in Germany. Total returns to shareholders of 44% over the past three years.공시 • Oct 24FORTEC Elektronik AG to Report Fiscal Year 2023 Results on Oct 26, 2023FORTEC Elektronik AG announced that they will report fiscal year 2023 results on Oct 26, 2023Buying Opportunity • Aug 07Now 21% undervaluedOver the last 90 days, the stock is up 8.2%. The fair value is estimated to be €35.17, 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 19%. Revenue is forecast to grow by 15% in 2 years. Earnings is forecast to grow by 14% in the next 2 years.Buying Opportunity • Jul 13Now 20% undervaluedOver the last 90 days, the stock is up 23%. The fair value is estimated to be €35.15, 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 19%. Revenue is forecast to grow by 15% in 2 years. Earnings is forecast to grow by 14% in the next 2 years.Reported Earnings • May 28Third quarter 2023 earnings released: EPS: €0.83 (vs €0.45 in 3Q 2022)Third quarter 2023 results: EPS: €0.83 (up from €0.45 in 3Q 2022). Revenue: €31.2m (up 31% from 3Q 2022). Net income: €2.70m (up 84% from 3Q 2022). Profit margin: 8.7% (up from 6.2% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.공시 • May 09FORTEC Elektronik AG to Report Q3, 2023 Results on May 25, 2023FORTEC Elektronik AG announced that they will report Q3, 2023 results on May 25, 2023Buying Opportunity • Apr 13Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 9.9%. The fair value is estimated to be €28.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 11% in 2 years. Earnings is forecast to grow by 9.0% in the next 2 years.Reported Earnings • Mar 31Second quarter 2023 earnings released: EPS: €0.45 (vs €0.45 in 2Q 2022)Second quarter 2023 results: EPS: €0.45 (down from €0.45 in 2Q 2022). Revenue: €25.3m (up 21% from 2Q 2022). Net income: €1.45m (flat on 2Q 2022). Profit margin: 5.7% (down from 7.0% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Feb 09Upcoming dividend of €0.70 per share at 2.7% yieldEligible shareholders must have bought the stock before 16 February 2023. Payment date: 20 February 2023. Payout ratio is a comfortable 35% but the company is paying out more than the cash it is generating. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.0%).Valuation Update With 7 Day Price Move • Jan 07Investor sentiment improved over the past weekAfter last week's 15% share price gain to €26.00, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 18x in the Electronic industry in Germany. Total returns to shareholders of 43% over the past three years.Reported Earnings • Nov 27First quarter 2023 earnings released: EPS: €0.60 (vs €0.53 in 1Q 2022)First quarter 2023 results: EPS: €0.60 (up from €0.53 in 1Q 2022). Revenue: €25.8m (up 22% from 1Q 2022). Net income: €1.94m (up 14% from 1Q 2022). Profit margin: 7.5% (down from 8.1% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year and the company’s share price has also increased by 8% per year.Price Target Changed • Nov 16Price target increased to €31.00Up from €28.00, the current price target is provided by 1 analyst. New target price is 23% above last closing price of €25.20. Stock is up 32% over the past year. The company is forecast to post earnings per share of €1.93 for next year compared to €1.92 last year.Valuation Update With 7 Day Price Move • Oct 29Investor sentiment improved over the past weekAfter last week's 24% share price gain to €24.40, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 17x in the Electronic industry in Germany. Total returns to shareholders of 35% over the past three years.Valuation Update With 7 Day Price Move • Sep 29Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €19.30, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Electronic industry in Germany. Total returns to shareholders of 4.8% over the past three years.Reported Earnings • May 26Third quarter 2022 earnings: Revenues in line with analyst expectationsThird quarter 2022 results: Revenue: €25.4m (up 26% from 3Q 2021). Net income: €1.47m (up 23% from 3Q 2021). Profit margin: 5.8% (in line with 3Q 2021). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 5.7%, compared to a 19% growth forecast for the industry in Germany.Price Target Changed • Apr 27Price target increased to €27.00Up from €25.00, the current price target is provided by 1 analyst. New target price is 32% above last closing price of €20.40. Stock is up 15% over the past year. The company is forecast to post earnings per share of €1.42 for next year compared to €1.19 last year.Price Target Changed • Apr 07Price target increased to €27.00Up from €25.00, the current price target is provided by 1 analyst. New target price is 25% above last closing price of €21.60. Stock is up 17% over the past year. The company is forecast to post earnings per share of €1.42 for next year compared to €1.19 last year.Reported Earnings • Apr 01Second quarter 2022 earnings: EPS misses analyst expectationsSecond quarter 2022 results: EPS: €0.45 (up from €0.11 in 2Q 2021). Revenue: €21.6m (up 25% from 2Q 2021). Net income: €1.47m (up 302% from 2Q 2021). Profit margin: 6.8% (up from 2.1% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.0%. Over the next year, revenue is forecast to grow 7.1%, compared to a 28% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has remained flat, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Mar 09Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €18.80, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 18x in the Electronic industry in Germany. Total returns to shareholders of 1.1% over the past three years.Upcoming Dividend • Feb 18Upcoming dividend of €0.60 per shareEligible shareholders must have bought the stock before 25 February 2022. Payment date: 01 March 2022. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (3.3%). Higher than average of industry peers (0.7%).Reported Earnings • Oct 30Full year 2021 earnings released: EPS €1.19 (vs €1.47 in FY 2020)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: €79.5m (down 9.4% from FY 2020). Net income: €3.88m (down 19% from FY 2020). Profit margin: 4.9% (down from 5.4% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.Reported Earnings • May 29Third quarter 2021 earnings released: EPS €0.37 (vs €0.51 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €21.1m (down 14% from 3Q 2020). Net income: €1.20m (down 28% from 3Q 2020). Profit margin: 5.7% (down from 6.8% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 6% per year and the company’s share price has also fallen by 6% per year.Reported Earnings • Mar 28Second quarter 2021 earnings released: EPS €0.11 (vs €0.20 in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €17.3m (down 13% from 2Q 2020). Net income: €364.5k (down 45% from 2Q 2020). Profit margin: 2.1% (down from 3.3% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 5% per year.Reported Earnings • Nov 28First quarter 2021 earnings released: EPS €0.31The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: €20.7m (down 4.0% from 1Q 2020). Net income: €1.02m (down 29% from 1Q 2020). Profit margin: 4.9% (down from 6.7% in 1Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 6% per year.Analyst Estimate Surprise Post Earnings • Oct 30Annual earnings released: Revenue beats expectationsAnnual revenue exceeded analyst estimates by 0.03% at €87.7m. Earnings per share (EPS) were mostly in line with analyst estimates at €1.47. Revenue is expected to shrink by 3.5% over the next year, compared to a 23% growth forecast for the Electronic industry in Germany.Reported Earnings • Oct 30Full year earnings released - EPS €1.47Over the last 12 months the company has reported total profits of €4.78m, down 16% from the prior year. Total revenue was €91.2m over the last 12 months, up 3.3% from the prior year. Profit margins were 5.2%, which is lower than the 6.4% margin from last year. The decrease in margin was driven by higher expenses.이익 및 매출 성장 예측DB:FEV - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수6/30/20288432416/30/20277921316/30/202678-213112/31/202582156N/A9/30/2025822N/AN/AN/A6/30/202580112N/A3/31/2025832N/AN/AN/A12/31/2024832910N/A9/30/2024853N/AN/AN/A6/30/20249551314N/A3/31/2024975N/AN/AN/A12/31/202310371213N/A9/30/20231078N/AN/AN/A6/30/2023106845N/A3/31/20231028N/AN/AN/A12/31/2022966-2-2N/A9/30/2022936N/AN/AN/A6/30/202289622N/A3/31/2022866N/AN/AN/A12/31/202182678N/A9/30/2021785N/AN/AN/A6/30/20217741010N/A3/31/2021804N/AN/AN/A12/31/202084488N/A9/30/2020864N/AN/AN/A6/30/202088534N/A3/31/2020875N/AN/AN/A12/31/201987503N/A9/30/2019885N/AN/AN/A6/30/2019886N/A4N/A3/31/2019875N/AN/AN/A12/31/2018855N/A4N/A9/30/2018825N/AN/AN/A6/30/2018804N/A3N/A3/31/2018795N/AN/AN/A12/31/2017785N/A6N/A9/30/2017805N/AN/AN/A6/30/2017794N/A5N/A3/31/2017783N/AN/AN/A12/31/2016763N/A3N/A9/30/2016773N/AN/AN/A6/30/2016783N/A3N/A3/31/2016723N/A3N/A12/31/2015643N/A1N/A9/30/2015542N/A0N/A6/30/2015462N/A1N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: FEV 의 연간 예상 수익 증가율(60.4%)이 saving rate(1.9%)보다 높습니다.수익 vs 시장: FEV 의 연간 수익(60.4%)이 German 시장(17.1%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: FEV 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: FEV 의 수익(연간 3%)이 German 시장(연간 6.8%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: FEV 의 수익(연간 3%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: FEV의 자본 수익률은 3년 후 4.2%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YTech 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/22 12:18종가2026/05/22 00:00수익2025/12/31연간 수익2025/06/30데이터 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 소스FORTEC Elektronik AG는 2명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Patrick SpeckMontega AGUlf van LengerichSolventis Wertpapierhandelsbank GmbH
Price Target Changed • May 20Price target decreased by 12% to €15.00Down from €17.00, the current price target is provided by 1 analyst. New target price is 42% above last closing price of €10.60. Stock is down 32% over the past year. The company is forecast to post a net loss per share of €0.60 compared to earnings per share of €0.41 last year.
공시 • Jul 11Fortec Elektronik Ag Revises Group Earnings Guidance for Year 2024-2025FORTEC Elektronik AG revised group earnings guidance for year 2024-2025. For the year company now expects Group EBIT of between EUR 1.0 million and EUR 2.0 million (previously: EUR 4.0 million to EUR 6.0 million).
Price Target Changed • Aug 21Price target decreased by 15% to €28.00Down from €33.00, the current price target is provided by 1 analyst. New target price is 55% above last closing price of €18.10. Stock is down 33% over the past year. The company is forecast to post earnings per share of €1.53 for next year compared to €2.32 last year.
Price Target Changed • Nov 16Price target increased to €31.00Up from €28.00, the current price target is provided by 1 analyst. New target price is 23% above last closing price of €25.20. Stock is up 32% over the past year. The company is forecast to post earnings per share of €1.93 for next year compared to €1.92 last year.
Price Target Changed • Apr 27Price target increased to €27.00Up from €25.00, the current price target is provided by 1 analyst. New target price is 32% above last closing price of €20.40. Stock is up 15% over the past year. The company is forecast to post earnings per share of €1.42 for next year compared to €1.19 last year.
Price Target Changed • Apr 07Price target increased to €27.00Up from €25.00, the current price target is provided by 1 analyst. New target price is 25% above last closing price of €21.60. Stock is up 17% over the past year. The company is forecast to post earnings per share of €1.42 for next year compared to €1.19 last year.
Price Target Changed • May 20Price target decreased by 12% to €15.00Down from €17.00, the current price target is provided by 1 analyst. New target price is 42% above last closing price of €10.60. Stock is down 32% over the past year. The company is forecast to post a net loss per share of €0.60 compared to earnings per share of €0.41 last year.
공시 • Jan 09+ 3 more updatesFORTEC Elektronik AG to Report Q1, 2027 Results on Nov 27, 2026FORTEC Elektronik AG announced that they will report Q1, 2027 results on Nov 27, 2026
공시 • Dec 19FORTEC Elektronik AG, Annual General Meeting, Feb 11, 2026FORTEC Elektronik AG, Annual General Meeting, Feb 11, 2026, at 10:00 W. Europe Standard Time.
공시 • Nov 29+ 2 more updatesFORTEC Elektronik AG Announces Stepping Down of Ulrich Ermel as Acting CEOFORTEC Elektronik AG announced that acting CEO, Ulrich Ermel, also announced that he would be stepping down for personal reasons by 30 June 2026.
공시 • Oct 23FORTEC Elektronik AG (XTRA:FEV) acquired remaining 63.30% stake in Advantec Electronics B.V.FORTEC Elektronik AG (XTRA:FEV) acquired remaining 63.30% stake in Advantec Electronics B.V. on October 21, 2025. With this step, FORTEC is expanding its presence in the Benelux market and merging Advantec’s activities with those of the recently acquired Nottrot B.V. Prior to the transaction, FORTEC already held a stake of around 36.7% in Advantec Electronics B.V. The Supervisory Board has initiated the process of appointing a new Management Board. Until a new Management Board is appointed – no later than 30 June 2026 – Mr. Ulrich Ermel will continue to manage the company’s affairs and, together with the Supervisory Board, ensure that the company remains capable of acting during the transition phase. FORTEC Elektronik AG (XTRA:FEV) completed the acquisition of remaining 63.30% stake in Advantec Electronics B.V. on October 21, 2025.
공시 • Oct 07+ 1 more updateFortec Elektronik Ag Announces Changes in the Management BoardThe Supervisory Board of FORTEC Elektronik AG resolved, for cause, to revoke the appointment of Ms. Sandra Maile as a member of the Management Board and to withdraw her designation as Chairwoman of the Management Board of the Company, each with immediate effect. Mr. Ulrich Ermel informed the Supervisory Board on September 30, 2025, that he will not be available for another term of office and intends to step down from the Management Board of FORTEC Elektronik AG no later than June 30, 2026. The Supervisory Board intends to reconstitute the Management Board in its entirety as of mid-next year and will conduct a structured process to appoint the new members of the Management Board.
공시 • Jul 11Fortec Elektronik Ag Revises Group Earnings Guidance for Year 2024-2025FORTEC Elektronik AG revised group earnings guidance for year 2024-2025. For the year company now expects Group EBIT of between EUR 1.0 million and EUR 2.0 million (previously: EUR 4.0 million to EUR 6.0 million).
공시 • Apr 25+ 1 more updateFORTEC Elektronik AG to Report Fiscal Year 2025 Results on Oct 30, 2025FORTEC Elektronik AG announced that they will report fiscal year 2025 results at 9:00 AM, Central European Standard Time on Oct 30, 2025
공시 • Dec 18FORTEC Elektronik AG, Annual General Meeting, Feb 13, 2025FORTEC Elektronik AG, Annual General Meeting, Feb 13, 2025, at 10:00 W. Europe Standard Time.
Reported Earnings • Nov 01Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: €1.63 (down from €2.32 in FY 2023). Revenue: €95.7m (down 9.6% from FY 2023). Net income: €5.30m (down 30% from FY 2023). Profit margin: 5.5% (down from 7.1% in FY 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.0%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
공시 • Sep 27+ 3 more updatesFORTEC Elektronik AG to Report Q3, 2025 Results on May 28, 2025FORTEC Elektronik AG announced that they will report Q3, 2025 results on May 28, 2025
New Risk • Sep 03New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.2% 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 Risk Earnings are forecast to decline by an average of 2.2% per year for the foreseeable future. Minor Risk Market cap is less than US$100m (€60.5m market cap, or US$66.7m).
Price Target Changed • Aug 21Price target decreased by 15% to €28.00Down from €33.00, the current price target is provided by 1 analyst. New target price is 55% above last closing price of €18.10. Stock is down 33% over the past year. The company is forecast to post earnings per share of €1.53 for next year compared to €2.32 last year.
Buy Or Sell Opportunity • Jul 06Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 14% to €20.20. The fair value is estimated to be €25.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to grow by 7.4% in 2 years. Earnings are forecast to grow by 23% in the next 2 years.
Buy Or Sell Opportunity • Jun 14Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.0% to €20.20. The fair value is estimated to be €25.75, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to grow by 7.4% in 2 years. Earnings are forecast to grow by 23% in the next 2 years.
Reported Earnings • May 30Third quarter 2024 earnings released: EPS: €0.22 (vs €0.83 in 3Q 2023)Third quarter 2024 results: EPS: €0.22 (down from €0.83 in 3Q 2023). Revenue: €23.7m (down 19% from 3Q 2023). Net income: €708.0k (down 74% from 3Q 2023). Profit margin: 3.0% (down from 9.3% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
공시 • May 24FORTEC Elektronik AG to Report Q3, 2024 Results on May 29, 2024FORTEC Elektronik AG announced that they will report Q3, 2024 results on May 29, 2024
New Risk • May 23New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.3% 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 Risk Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. Minor Risk Market cap is less than US$100m (€66.3m market cap, or US$71.9m).
Reported Earnings • Mar 28Second quarter 2024 earnings released: EPS: €0.25 (vs €0.45 in 2Q 2023)Second quarter 2024 results: EPS: €0.25 (down from €0.45 in 2Q 2023). Revenue: €20.7m (down 15% from 2Q 2023). Net income: €812.0k (down 44% from 2Q 2023). Profit margin: 3.9% (down from 5.9% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
공시 • Mar 23FORTEC Elektronik AG to Report Q2, 2024 Results on Mar 27, 2024FORTEC Elektronik AG announced that they will report Q2, 2024 results on Mar 27, 2024
Upcoming Dividend • Feb 01Upcoming dividend of €0.85 per share at 3.3% yieldEligible shareholders must have bought the stock before 08 February 2024. Payment date: 12 February 2024. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (5.0%). Higher than average of industry peers (1.4%).
Reported Earnings • Nov 30First quarter 2024 earnings released: EPS: €0.74 (vs €0.60 in 1Q 2023)First quarter 2024 results: EPS: €0.74 (up from €0.60 in 1Q 2023). Revenue: €27.1m (up 8.6% from 1Q 2023). Net income: €2.40m (up 24% from 1Q 2023). Profit margin: 8.9% (up from 7.8% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
New Risk • Nov 24New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Market cap is less than US$100m (€81.3m market cap, or US$88.6m).
공시 • Oct 28FORTEC Elektronik AG, Annual General Meeting, Feb 07, 2024FORTEC Elektronik AG, Annual General Meeting, Feb 07, 2024. Agenda: To consider distributing a dividend of EUR 0.85 per share from the retained earnings of the company as at 30 June 2023.
Reported Earnings • Oct 28Full year 2023 earnings: Revenues and EPS in line with analyst expectationsFull year 2023 results: EPS: €2.32 (up from €1.92 in FY 2022). Revenue: €108.4m (up 22% from FY 2022). Net income: €7.55m (up 21% from FY 2022). Profit margin: 7.0% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Oct 25Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €20.80, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Electronic industry in Germany. Total returns to shareholders of 44% over the past three years.
공시 • Oct 24FORTEC Elektronik AG to Report Fiscal Year 2023 Results on Oct 26, 2023FORTEC Elektronik AG announced that they will report fiscal year 2023 results on Oct 26, 2023
Buying Opportunity • Aug 07Now 21% undervaluedOver the last 90 days, the stock is up 8.2%. The fair value is estimated to be €35.17, 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 19%. Revenue is forecast to grow by 15% in 2 years. Earnings is forecast to grow by 14% in the next 2 years.
Buying Opportunity • Jul 13Now 20% undervaluedOver the last 90 days, the stock is up 23%. The fair value is estimated to be €35.15, 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 19%. Revenue is forecast to grow by 15% in 2 years. Earnings is forecast to grow by 14% in the next 2 years.
Reported Earnings • May 28Third quarter 2023 earnings released: EPS: €0.83 (vs €0.45 in 3Q 2022)Third quarter 2023 results: EPS: €0.83 (up from €0.45 in 3Q 2022). Revenue: €31.2m (up 31% from 3Q 2022). Net income: €2.70m (up 84% from 3Q 2022). Profit margin: 8.7% (up from 6.2% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
공시 • May 09FORTEC Elektronik AG to Report Q3, 2023 Results on May 25, 2023FORTEC Elektronik AG announced that they will report Q3, 2023 results on May 25, 2023
Buying Opportunity • Apr 13Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 9.9%. The fair value is estimated to be €28.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 11% in 2 years. Earnings is forecast to grow by 9.0% in the next 2 years.
Reported Earnings • Mar 31Second quarter 2023 earnings released: EPS: €0.45 (vs €0.45 in 2Q 2022)Second quarter 2023 results: EPS: €0.45 (down from €0.45 in 2Q 2022). Revenue: €25.3m (up 21% from 2Q 2022). Net income: €1.45m (flat on 2Q 2022). Profit margin: 5.7% (down from 7.0% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Feb 09Upcoming dividend of €0.70 per share at 2.7% yieldEligible shareholders must have bought the stock before 16 February 2023. Payment date: 20 February 2023. Payout ratio is a comfortable 35% but the company is paying out more than the cash it is generating. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.0%).
Valuation Update With 7 Day Price Move • Jan 07Investor sentiment improved over the past weekAfter last week's 15% share price gain to €26.00, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 18x in the Electronic industry in Germany. Total returns to shareholders of 43% over the past three years.
Reported Earnings • Nov 27First quarter 2023 earnings released: EPS: €0.60 (vs €0.53 in 1Q 2022)First quarter 2023 results: EPS: €0.60 (up from €0.53 in 1Q 2022). Revenue: €25.8m (up 22% from 1Q 2022). Net income: €1.94m (up 14% from 1Q 2022). Profit margin: 7.5% (down from 8.1% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year and the company’s share price has also increased by 8% per year.
Price Target Changed • Nov 16Price target increased to €31.00Up from €28.00, the current price target is provided by 1 analyst. New target price is 23% above last closing price of €25.20. Stock is up 32% over the past year. The company is forecast to post earnings per share of €1.93 for next year compared to €1.92 last year.
Valuation Update With 7 Day Price Move • Oct 29Investor sentiment improved over the past weekAfter last week's 24% share price gain to €24.40, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 17x in the Electronic industry in Germany. Total returns to shareholders of 35% over the past three years.
Valuation Update With 7 Day Price Move • Sep 29Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €19.30, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Electronic industry in Germany. Total returns to shareholders of 4.8% over the past three years.
Reported Earnings • May 26Third quarter 2022 earnings: Revenues in line with analyst expectationsThird quarter 2022 results: Revenue: €25.4m (up 26% from 3Q 2021). Net income: €1.47m (up 23% from 3Q 2021). Profit margin: 5.8% (in line with 3Q 2021). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 5.7%, compared to a 19% growth forecast for the industry in Germany.
Price Target Changed • Apr 27Price target increased to €27.00Up from €25.00, the current price target is provided by 1 analyst. New target price is 32% above last closing price of €20.40. Stock is up 15% over the past year. The company is forecast to post earnings per share of €1.42 for next year compared to €1.19 last year.
Price Target Changed • Apr 07Price target increased to €27.00Up from €25.00, the current price target is provided by 1 analyst. New target price is 25% above last closing price of €21.60. Stock is up 17% over the past year. The company is forecast to post earnings per share of €1.42 for next year compared to €1.19 last year.
Reported Earnings • Apr 01Second quarter 2022 earnings: EPS misses analyst expectationsSecond quarter 2022 results: EPS: €0.45 (up from €0.11 in 2Q 2021). Revenue: €21.6m (up 25% from 2Q 2021). Net income: €1.47m (up 302% from 2Q 2021). Profit margin: 6.8% (up from 2.1% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.0%. Over the next year, revenue is forecast to grow 7.1%, compared to a 28% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Mar 09Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €18.80, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 18x in the Electronic industry in Germany. Total returns to shareholders of 1.1% over the past three years.
Upcoming Dividend • Feb 18Upcoming dividend of €0.60 per shareEligible shareholders must have bought the stock before 25 February 2022. Payment date: 01 March 2022. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (3.3%). Higher than average of industry peers (0.7%).
Reported Earnings • Oct 30Full year 2021 earnings released: EPS €1.19 (vs €1.47 in FY 2020)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: €79.5m (down 9.4% from FY 2020). Net income: €3.88m (down 19% from FY 2020). Profit margin: 4.9% (down from 5.4% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
Reported Earnings • May 29Third quarter 2021 earnings released: EPS €0.37 (vs €0.51 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €21.1m (down 14% from 3Q 2020). Net income: €1.20m (down 28% from 3Q 2020). Profit margin: 5.7% (down from 6.8% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 6% per year and the company’s share price has also fallen by 6% per year.
Reported Earnings • Mar 28Second quarter 2021 earnings released: EPS €0.11 (vs €0.20 in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €17.3m (down 13% from 2Q 2020). Net income: €364.5k (down 45% from 2Q 2020). Profit margin: 2.1% (down from 3.3% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 5% per year.
Reported Earnings • Nov 28First quarter 2021 earnings released: EPS €0.31The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: €20.7m (down 4.0% from 1Q 2020). Net income: €1.02m (down 29% from 1Q 2020). Profit margin: 4.9% (down from 6.7% in 1Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 6% per year.
Analyst Estimate Surprise Post Earnings • Oct 30Annual earnings released: Revenue beats expectationsAnnual revenue exceeded analyst estimates by 0.03% at €87.7m. Earnings per share (EPS) were mostly in line with analyst estimates at €1.47. Revenue is expected to shrink by 3.5% over the next year, compared to a 23% growth forecast for the Electronic industry in Germany.
Reported Earnings • Oct 30Full year earnings released - EPS €1.47Over the last 12 months the company has reported total profits of €4.78m, down 16% from the prior year. Total revenue was €91.2m over the last 12 months, up 3.3% from the prior year. Profit margins were 5.2%, which is lower than the 6.4% margin from last year. The decrease in margin was driven by higher expenses.