New Risk • Feb 26
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 (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 22% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (€10.6m market cap, or US$11.4m). New Risk • Dec 18
New major risk - Revenue and earnings growth Earnings have declined by 22% 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 (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (29% average weekly change). Earnings have declined by 22% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€14.4m market cap, or US$15.7m). 공고 • Oct 19
HELMA Eigenheimbau AG Appoints Felix J. Krekel as New Supervisory Board Member HELMA Eigenheimbau AG appointed Felix J. Krekel as new Supervisory Board member. Felix J. Krekel (56), is a Certified International Investment Analyst and holds a degree in business administration. He also possesses many years' experience in the construction and real estate sector and a profound knowledge of the capital market, acquired in various management positions at listed companies and through his activities in investment banking. He is managing director of coinIX Capital GmbH and deputy chairman of the Supervisory Board of Solutiance AG. Accordingly the Supervisory Board of HELMA Eigenheimbau AG now comprises Karl-Heinz Maerzke (chairman), together with Oliver Bletgen (deputy chairman), Andreas Zschiesche and Felix J. Krekel. Their term of office in each case ends upon the conclusion of the annual general meeting which resolves upon the discharge of the Supervisory Board members for the financial year 2023. New Risk • Aug 13
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 8.1% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (23% 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 Market cap is less than US$100m (€19.8m market cap, or US$21.7m). Reported Earnings • Aug 13
First half 2023 earnings released: €4.25 loss per share (vs €2.23 profit in 1H 2022) First half 2023 results: €4.25 loss per share (down from €2.23 profit in 1H 2022). Revenue: €125.7m (down 26% from 1H 2022). Net loss: €17.0m (down 291% from profit in 1H 2022). Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 1.1% growth forecast for the Consumer Durables industry in the United Kingdom. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €3.82, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Consumer Durables industry in the United Kingdom. Total loss to shareholders of 88% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €6.25 per share. Upcoming Dividend • Jul 03
Upcoming dividend of €0.40 per share at 8.9% yield Eligible shareholders must have bought the stock before 10 July 2023. Payment date: 12 July 2023. Payout ratio is on the higher end at 76%, however this is supported by cash flows. Trailing yield: 8.9%. Within top quartile of British dividend payers (6.0%). Higher than average of industry peers (6.5%). Buying Opportunity • Jun 20
Now 42% undervalued after recent price drop Over the last 90 days, the stock is down 66%. The fair value is estimated to be €8.94, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.3% over the last 3 years. Earnings per share has declined by 11%. For the next 3 years, revenue is forecast to grow by 4.0% per annum. Earnings is also forecast to grow by 62% per annum over the same time period. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €9.90, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 10x in the Consumer Durables industry in the United Kingdom. Total loss to shareholders of 70% over the past three years. Reported Earnings • Mar 27
Full year 2022 earnings released: EPS: €0.53 (vs €4.69 in FY 2021) Full year 2022 results: EPS: €0.53 (down from €4.69 in FY 2021). Revenue: €302.5m (down 8.8% from FY 2021). Net income: €2.10m (down 89% from FY 2021). Profit margin: 0.7% (down from 5.7% in FY 2021). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 1.4% decline forecast for the Consumer Durables industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 16% per year. Valuation Update With 7 Day Price Move • Jan 03
Investor sentiment improved over the past week After last week's 19% share price gain to €16.90, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 7x in the Consumer Durables industry in the United Kingdom. Total loss to shareholders of 74% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €31.00 per share. Valuation Update With 7 Day Price Move • Dec 15
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €15.00, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 8x in the Consumer Durables industry in the United Kingdom. Total loss to shareholders of 60% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €28.15 per share. Buying Opportunity • Dec 07
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 52%. The fair value is estimated to be €22.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 9.5%. Revenue is forecast to decline by 13% in 2 years. Earnings is forecast to decline by 33% in the next 2 years. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment deteriorated over the past week After last week's 18% share price decline to €24.70, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 5x in the Consumer Durables industry in the United Kingdom. Total loss to shareholders of 28% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €17.18 per share. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment deteriorated over the past week After last week's 28% share price decline to €26.50, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 6x in the Consumer Durables industry in the United Kingdom. Total loss to shareholders of 58% over the past year. Reported Earnings • Aug 17
First half 2022 earnings released: EPS: €2.23 (vs €2.17 in 1H 2021) First half 2022 results: EPS: €2.23 (up from €2.17 in 1H 2021). Revenue: €169.2m (up 4.9% from 1H 2021). Net income: €8.90m (up 2.8% from 1H 2021). Profit margin: 5.3% (down from 5.4% in 1H 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 11%, compared to a 13% growth forecast for the Consumer Durables industry in the United Kingdom. Upcoming Dividend • Jun 27
Upcoming dividend of €1.72 per share Eligible shareholders must have bought the stock before 04 July 2022. Payment date: 06 July 2022. Payout ratio is a comfortable 37% but the company is not cash flow positive. Trailing yield: 4.3%. Lower than top quartile of British dividend payers (5.2%). Lower than average of industry peers (7.9%). Buying Opportunity • Jun 16
Now 26% undervalued after recent price drop Over the last 90 days, the stock is down 37%. The fair value is estimated to be €51.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.9% over the last 3 years. Earnings per share has grown by 9.6%. For the next 3 years, revenue is forecast to grow by 7.2% per annum. Earnings is also forecast to grow by 15% per annum over the same time period. Buying Opportunity • May 28
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 24%. The fair value is estimated to be €55.37, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.9% over the last 3 years. Earnings per share has grown by 9.6%. For the next 3 years, revenue is forecast to grow by 7.2% per annum. Earnings is also forecast to grow by 15% per annum over the same time period. Buying Opportunity • May 10
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 32%. The fair value is estimated to be €55.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.9% over the last 3 years. Earnings per share has grown by 9.6%. For the next 3 years, revenue is forecast to grow by 7.2% per annum. Earnings is also forecast to grow by 15% per annum over the same time period. Valuation Update With 7 Day Price Move • May 10
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €44.30, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 8x in the Consumer Durables industry in the United Kingdom. Total returns to shareholders of 25% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €55.28 per share. Reported Earnings • Aug 14
First half 2021 earnings released: EPS €2.17 (vs €1.13 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €161.4m (up 41% from 1H 2020). Net income: €8.66m (up 92% from 1H 2020). Profit margin: 5.4% (up from 3.9% in 1H 2020). The increase in margin was driven by higher revenue. Upcoming Dividend • Jun 28
Upcoming dividend of €1.54 per share Eligible shareholders must have bought the stock before 05 July 2021. Payment date: 07 July 2021. Trailing yield: 2.7%. Lower than top quartile of British dividend payers (4.1%). Lower than average of industry peers (3.6%).