Upcoming Dividend • Jun 04
Upcoming dividend of €2.20 per share Eligible shareholders must have bought the stock before 10 June 2026. Payment date: 12 June 2026. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of German dividend payers (4.5%). In line with average of industry peers (4.0%). Declared Dividend • May 20
Dividend increased to €2.20 Dividend of €2.20 is 10% higher than last year. Ex-date: 10th June 2026 Payment date: 12th June 2026 Dividend yield will be 3.6%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is covered by both earnings (37% earnings payout ratio) and cash flows (56% cash payout ratio). The dividend has increased by an average of 3.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 17% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. 공시 • Jun 03
EUROKAI GmbH & Co. KGaA, Annual General Meeting, Jun 11, 2025 EUROKAI GmbH & Co. KGaA, Annual General Meeting, Jun 11, 2025, at 10:00 W. Europe Standard Time. Location: mozart halls in the logenhaus, moorweidenstr. 36, 20146 hamburg, hamburg Germany 공시 • May 01
EUROKAI GmbH & Co. KGaA announces Annual dividend, payable on June 16, 2025 EUROKAI GmbH & Co. KGaA announced Annual dividend of EUR 1.5000 per share payable on June 16, 2025, ex-date on June 12, 2025 and record date on June 13, 2025. Reported Earnings • Oct 04
First half 2024 earnings released: EPS: €1.76 (vs €1.66 in 1H 2023) First half 2024 results: EPS: €1.76 (up from €1.66 in 1H 2023). Revenue: €120.4m (up 9.5% from 1H 2023). Net income: €25.4m (up 2.9% from 1H 2023). Profit margin: 21% (down from 23% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Infrastructure industry in Europe. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 8% per year. Buy Or Sell Opportunity • Jul 05
Now 20% undervalued Over the last 90 days, the stock has risen 3.6% to €29.00. The fair value is estimated to be €36.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.9% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 5.1% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €27.00, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Infrastructure industry in Europe. Total returns to shareholders of 2.6% over the past three years. Buy Or Sell Opportunity • Jun 13
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.6% to €27.00. The fair value is estimated to be €34.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.9% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 5.1% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Upcoming Dividend • Jun 06
Upcoming dividend of €1.80 per share Eligible shareholders must have bought the stock before 13 June 2024. Payment date: 17 June 2024. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of German dividend payers (4.5%). Higher than average of industry peers (3.8%). Major Estimate Revision • May 23
Consensus EPS estimates fall by 23% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €236.8m to €228.5m. EPS estimate also fell from €3.19 per share to €2.47 per share. Net income forecast to grow 5.7% next year vs 5.9% growth forecast for Infrastructure industry in Germany. Consensus price target of €33.50 unchanged from last update. Share price was steady at €29.80 over the past week. Reported Earnings • May 01
Full year 2023 earnings: Revenues miss analyst expectations Full year 2023 results: Revenue: €245.4m (flat on FY 2022). Net income: €39.6m (down 56% from FY 2022). Profit margin: 16% (down from 37% in FY 2022). Revenue missed analyst estimates by 2.5%. Revenue is forecast to grow 1.0% p.a. on average during the next 2 years, compared to a 3.6% growth forecast for the Infrastructure industry in Europe. New Risk • Feb 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Profit margins are more than 30% lower than last year (23% net profit margin). New Risk • Oct 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.2% 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 (6.2% average weekly change). Profit margins are more than 30% lower than last year (23% net profit margin). New Risk • Sep 29
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 23% Last year net profit margin: 46% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €29.40, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Infrastructure industry in Europe. Total returns to shareholders of 35% over the past three years. Upcoming Dividend • Jun 01
Upcoming dividend of €1.30 per share at 4.5% yield Eligible shareholders must have bought the stock before 08 June 2023. Payment date: 12 June 2023. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 4.5%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.1%). Reported Earnings • Apr 30
Full year 2022 earnings: Revenues miss analyst expectations Full year 2022 results: Revenue: €260.2m (up 12% from FY 2021). Net income: €90.5m (up 23% from FY 2021). Profit margin: 35% (up from 32% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.9%. Revenue is expected to decline by 3.5% p.a. on average during the next 2 years, while revenues in the Infrastructure industry in Europe are expected to grow by 5.8%. Buying Opportunity • Feb 25
Now 21% undervalued Over the last 90 days, the stock is up 3.4%. The fair value is estimated to be €38.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.8% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 3.6% in 2 years. Earnings is forecast to decline by 52% in the next 2 years. Buying Opportunity • Feb 10
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €38.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.8% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 3.6% in 2 years. Earnings is forecast to decline by 52% in the next 2 years. Buying Opportunity • Jan 24
Now 21% undervalued Over the last 90 days, the stock is up 7.1%. The fair value is estimated to be €38.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.8% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 3.6% in 2 years. Earnings is forecast to decline by 52% in the next 2 years. Price Target Changed • Nov 16
Price target decreased to €41.50 Down from €47.00, the current price target is provided by 1 analyst. New target price is 42% above last closing price of €29.20. Stock is down 27% over the past year. The company is forecast to post earnings per share of €5.83 for next year compared to €5.34 last year. Major Estimate Revision • Oct 18
Consensus revenue estimates increase by 12% The consensus outlook for revenues in 2022 has improved. 2022 revenue forecast increased from €228.5m to €255.0m. EPS estimate increased from €5.37 to €5.83 per share. Net income forecast to shrink 37% next year vs 7.3% growth forecast for Infrastructure industry in Germany . Consensus price target down from €47.00 to €41.50. Share price rose 12% to €31.00 over the past week. Valuation Update With 7 Day Price Move • Oct 10
Investor sentiment improved over the past week After last week's 19% share price gain to €30.80, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 13x in the Infrastructure industry in Europe. Total returns to shareholders of 8.2% over the past three years. Reported Earnings • Oct 03
First half 2022 earnings released: EPS: €4.62 (vs €1.63 in 1H 2021) First half 2022 results: EPS: €4.62 (up from €1.63 in 1H 2021). Revenue: €131.1m (up 12% from 1H 2021). Net income: €62.1m (up 184% from 1H 2021). Profit margin: 47% (up from 19% in 1H 2021). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Infrastructure industry in Europe. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jun 03
Upcoming dividend of €1.00 per share Eligible shareholders must have bought the stock before 10 June 2022. Payment date: 14 June 2022. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (4.2%). Higher than average of industry peers (2.6%). Major Estimate Revision • May 25
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from €241.2m to €229.0m. EPS estimate rose from €2.51 to €5.37. Net income forecast to grow 15% next year vs 7.2% growth forecast for Infrastructure industry in Germany. Consensus price target of €47.00 unchanged from last update. Share price rose 3.0% to €34.00 over the past week. Reported Earnings • May 03
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Revenue: €247.5m (up 26% from FY 2020). Net income: €73.8m (up €118.7m from FY 2020). Profit margin: 30% (up from net loss in FY 2020). The move to profitability was primarily driven by lower expenses. Revenue was in line with analyst estimates. Over the next year, revenue is expected to shrink by 2.5% compared to a 26% growth forecast for the industry in Germany. Price Target Changed • Apr 27
Price target increased to €45.50 Up from €35.50, the current price target is provided by 1 analyst. New target price is 40% above last closing price of €32.40. Stock is up 29% over the past year. The company is forecast to post earnings per share of €2.37 next year compared to a net loss per share of €2.83 last year. Buying Opportunity • Apr 01
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be €40.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 22% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Oct 03
First half 2021 earnings released: EPS €1.38 (vs €0.19 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €117.2m (up 23% from 1H 2020). Net income: €21.8m (up €24.8m from 1H 2020). Profit margin: 19% (up from net loss in 1H 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Price Target Changed • Oct 01
Price target increased to €45.50 Up from €34.00, the current price target is provided by 1 analyst. New target price is 24% above last closing price of €36.60. Stock is up 63% over the past year. Upcoming Dividend • Jun 03
Inaugural dividend of €1.00 per share Eligible shareholders must have bought the stock before 10 June 2021. Payment date: 14 June 2021. The company last paid an ordinary dividend in April 2018. The average dividend yield among industry peers is 3.4%. Is New 90 Day High Low • Jan 08
New 90-day high: €27.60 The company is up 27% from its price of €21.80 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Infrastructure industry, which is up 28% over the same period. Is New 90 Day High Low • Nov 18
New 90-day high: €27.40 The company is up 16% from its price of €23.60 on 20 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Infrastructure industry, which is up 23% over the same period. Valuation Update With 7 Day Price Move • Nov 11
Market bids up stock over the past week After last week's 16% share price gain to €26.00, the stock is trading at a trailing P/E ratio of 50.8x, up from the previous P/E ratio of 43.8x. This compares to an average P/E of 18x in the Infrastructure industry in Europe. Total return to shareholders over the past three years is a loss of 26%. Major Estimate Revision • Oct 06
Analysts lower EPS estimates to -€0.80 The 2020 consensus revenue estimate was lowered from €205.6m to €203.0m. The company is forecast to report a loss instead of a profit with analysts lowering their EPS forecasts from €0.71 to -€0.80 for the same period. The Infrastructure industry in Germany is expected to see a 14% decline in net income next year. The consensus price target was lowered from €34.00 to €31.50. Share price stayed mostly flat at €22.00 over the past week. Reported Earnings • Oct 01
First half earnings released Over the last 12 months the company has reported total profits of €8.03m, down 87% from the prior year. Total revenue was €206.6m over the last 12 months, down 37% from the prior year. Is New 90 Day High Low • Sep 22
New 90-day low: €22.80 The company is down 12% from its price of €26.00 on 24 June 2020. The German market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Infrastructure industry, which is down 9.0% over the same period.