Declared Dividend • May 21
Dividend of €10.84 announced Dividend of €10.84 is the same as last year. Ex-date: 2nd July 2026 Payment date: 2nd July 2026 Dividend yield will be 3.0%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (22% earnings payout ratio) but not covered by cash flows (dividend approximately 8x free cash flows). The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability. The company's earnings per share (EPS) would need to decline by 75% to shift the payout ratio to a potentially unsustainable range, which is more than the 12% EPS decline seen over the last 5 years. 공시 • May 20
Mainova AG announces Annual dividend, payable on July 02, 2026 Mainova AG announced Annual dividend of EUR 10.8400 per share payable on July 02, 2026, ex-date on July 02, 2026 공시 • May 19
Mainova AG, Annual General Meeting, Jul 01, 2026 Mainova AG, Annual General Meeting, Jul 01, 2026, at 10:00 W. Europe Standard Time. 공시 • Apr 02
Mainova AG to Report Fiscal Year 2025 Results on Apr 30, 2026 Mainova AG announced that they will report fiscal year 2025 results on Apr 30, 2026 공시 • Sep 12
Mainova AG to Report Q2, 2025 Results on Sep 30, 2025 Mainova AG announced that they will report Q2, 2025 results on Sep 30, 2025 공시 • May 17
Mainova AG announces Annual dividend, payable on June 26, 2025 Mainova AG announced Annual dividend of EUR 10.8400 per share payable on June 26, 2025, ex-date on June 26, 2025 공시 • May 16
Mainova AG, Annual General Meeting, Jun 25, 2025 Mainova AG, Annual General Meeting, Jun 25, 2025, at 10:00 W. Europe Standard Time. 공시 • Apr 03
Mainova AG to Report Fiscal Year 2024 Results on Apr 30, 2025 Mainova AG announced that they will report fiscal year 2024 results on Apr 30, 2025 공시 • Sep 04
Mainova AG to Report Q2, 2024 Results on Sep 30, 2024 Mainova AG announced that they will report Q2, 2024 results on Sep 30, 2024 Buy Or Sell Opportunity • Jul 02
Now 22% overvalued Over the last 90 days, the stock has fallen 2.7% to €358. The fair value is estimated to be €295, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Meanwhile, the company has become profitable. 공시 • May 09
Mainova AG, Annual General Meeting, Jun 20, 2024 Mainova AG, Annual General Meeting, Jun 20, 2024, at 10:00 W. Europe Standard Time. Buy Or Sell Opportunity • Apr 26
Now 22% overvalued Over the last 90 days, the stock has fallen 8.2% to €360. The fair value is estimated to be €295, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 45% over the last 3 years. Meanwhile, the company became loss making. New Risk • Apr 17
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: Major Risks Debt is not well covered by operating cash flow (0.6% operating cash flow to total debt). Earnings have declined by 7.4% per year over the past 5 years. Minor Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). 공시 • Apr 09
Mainova AG to Report Fiscal Year 2023 Results on Apr 25, 2024 Mainova AG announced that they will report fiscal year 2023 results on Apr 25, 2024 Buy Or Sell Opportunity • Apr 05
Now 22% overvalued Over the last 90 days, the stock has fallen 13% to €360. The fair value is estimated to be €295, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 45% over the last 3 years. Meanwhile, the company became loss making. New Risk • Oct 10
New major risk - Revenue and earnings growth Earnings have declined by 7.4% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (0.6% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (9.5% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 7.4% per year over the past 5 years. New Risk • Sep 22
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. 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: Major Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (10.0% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). New Risk • Sep 06
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. 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: Major Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (9.3% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). 공시 • Sep 05
Mainova AG (DB:MNV6) agreed to acquire 74.9% stake in Solea AG. Mainova AG (DB:MNV6) agreed to acquire 74.9% stake in Solea AG on September 4, 2023. The deal is subject to antitrust approval. Upcoming Dividend • Aug 24
Upcoming dividend of €10.84 per share at 2.5% yield Eligible shareholders must have bought the stock before 31 August 2023. Payment date: 31 August 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.5%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (5.8%). New Risk • Jul 21
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 6.7% 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: Major Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Share price has been volatile over the past 3 months (6.7% average weekly change). Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €585, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 12x in the Integrated Utilities industry in Europe. Total returns to shareholders of 35% over the past three years. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 22% share price gain to €530, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 11x in the Integrated Utilities industry in Europe. Total returns to shareholders of 18% over the past three years. Upcoming Dividend • May 27
Upcoming dividend of €10.84 per share Eligible shareholders must have bought the stock before 03 June 2022. Payment date: 03 June 2022. Payout ratio is a comfortable 12% but the company is paying out more than the cash it is generating. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (4.3%). Lower than average of industry peers (4.6%). 공시 • Nov 24
Mainova AG (DB:MNV6) acquired a 49.9% stake in Lorenz Energie Gmbh. Mainova AG (DB:MNV6) acquired a 49.9% stake in Lorenz Energie Gmbh on November 23, 2021.
Mainova AG (DB:MNV6) completed the acquisition of a 49.9% stake in Lorenz Energie Gmbh on November 23, 2021. Upcoming Dividend • May 21
Upcoming dividend of €10.84 per share Eligible shareholders must have bought the stock before 28 May 2021. Payment date: 28 May 2021. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (3.5%). Is New 90 Day High Low • Feb 10
New 90-day high: €560 The company is up 12% from its price of €500 on 11 November 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Integrated Utilities industry, which is flat over the same period. Is New 90 Day High Low • Dec 23
New 90-day high: €555 The company is up 10.0% from its price of €505 on 24 September 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Integrated Utilities industry, which is down 1.0% over the same period. 공시 • Sep 05
Mainova AG to Report Q2, 2020 Results on Sep 04, 2020 Mainova AG announced that they will report Q2, 2020 results on Sep 04, 2020 공시 • Jul 30
Mainova AG (DB:MNV6) acquired six wind parks in Baden-Wuerttemberg and Bavaria. Mainova AG (DB:MNV6) acquired six wind parks in Baden-Wuerttemberg and Bavaria on June 25, 2020.
Mainova AG (DB:MNV6) completed the acquisition of six wind parks in Baden-Wuerttemberg and Bavaria on June 25, 2020. 공시 • Jul 07
VNG - Verbundnetz Gas Aktiengesellschaft agreed to acquire a 98.15% stake in Gas-Union GmbH from Mainova AG (DB:MNV6). VNG - Verbundnetz Gas Aktiengesellschaft agreed to acquire a 98.15% stake in Gas-Union GmbH from Mainova AG (DB:MNV6) on July 6, 2020.