New Risk • May 19
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 Belgian stocks, typically moving 5.4% 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. This is currently the only risk that has been identified for the company. Price Target Changed • May 19
Price target increased by 9.6% to €74.00 Up from €67.50, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of €72.00. Stock is up 42% over the past year. The company is forecast to post earnings per share of €6.85 for next year compared to €6.27 last year. Upcoming Dividend • May 19
Upcoming dividend of €1.05 per share Eligible shareholders must have bought the stock before 26 May 2026. Payment date: 28 May 2026. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Belgian dividend payers (6.5%). Lower than average of industry peers (2.5%). New Risk • May 18
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.2% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Aankondiging • Apr 21
Jensen-Group NV, Annual General Meeting, May 19, 2026 Jensen-Group NV, Annual General Meeting, May 19, 2026, at 10:00 Romance Standard Time. Declared Dividend • Mar 12
Dividend of €1.05 announced Shareholders will receive a dividend of €1.05. Ex-date: 26th May 2026 Payment date: 28th May 2026 Dividend yield will be 1.5%, which is lower than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (24% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 46% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Aankondiging • Mar 11
Jensen-Group NV announces Annual dividend, payable on May 28, 2026 Jensen-Group NV announced Annual dividend of EUR 1.0500 per share payable on May 28, 2026, ex-date on May 26, 2026 and record date on May 27, 2026. Reported Earnings • Mar 08
Full year 2025 earnings released: EPS: €6.27 (vs €4.33 in FY 2024) Full year 2025 results: EPS: €6.27 (up from €4.33 in FY 2024). Revenue: €540.8m (up 19% from FY 2024). Net income: €58.8m (up 42% from FY 2024). Profit margin: 11% (up from 9.1% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Machinery industry in Europe. Over the last 3 years on average, earnings per share has increased by 32% per year whereas the company’s share price has increased by 30% per year. New Risk • Feb 23
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. 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. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 13
First half 2025 earnings released: EPS: €3.44 (vs €2.26 in 1H 2024) First half 2025 results: EPS: €3.44 (up from €2.26 in 1H 2024). Revenue: €263.1m (up 16% from 1H 2024). Net income: €32.5m (up 50% from 1H 2024). Profit margin: 12% (up from 9.5% in 1H 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Machinery industry in Europe. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Price Target Changed • Aug 08
Price target increased by 20% to €62.00 Up from €51.50, the current price target is provided by 1 analyst. New target price is 8.4% above last closing price of €57.20. Stock is up 36% over the past year. The company posted earnings per share of €4.33 last year. Declared Dividend • May 23
Dividend of €0.70 announced Shareholders will receive a dividend of €0.70. Ex-date: 26th May 2025 Payment date: 28th May 2025 Dividend yield will be 1.4%, which is lower than the industry average of 2.1%. Sustainability & Growth Dividend is covered by both earnings (23% earnings payout ratio) and cash flows (50% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 19% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €52.80, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 15x in the Machinery industry in Europe. Total returns to shareholders of 64% over the past three years. Aankondiging • May 22
Jensen-Group NV announces Annual dividend, payable on May 28, 2025 Jensen-Group NV announced Annual dividend of EUR 0.7000 per share payable on May 28, 2025, ex-date on May 26, 2025 and record date on May 27, 2025. Price Target Changed • May 20
Price target increased by 7.0% to €53.50 Up from €50.00, the current price target is provided by 1 analyst. New target price is 5.7% above last closing price of €50.60. Stock is up 30% over the past year. The company is forecast to post earnings per share of €5.11 for next year compared to €4.33 last year. Aankondiging • Apr 21
Jensen-Group NV, Annual General Meeting, May 20, 2025 Jensen-Group NV, Annual General Meeting, May 20, 2025, at 10:00 Romance Standard Time. Location: gent Belgium Reported Earnings • Apr 02
Full year 2024 earnings released: EPS: €4.33 (vs €3.41 in FY 2023) Full year 2024 results: EPS: €4.33 (up from €3.41 in FY 2023). Revenue: €453.2m (up 13% from FY 2023). Net income: €41.3m (up 33% from FY 2023). Profit margin: 9.1% (up from 7.8% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Machinery 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 only increased by 16% per year, which means it is significantly lagging earnings growth. New Risk • Feb 24
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. 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. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 12
First half 2024 earnings: EPS exceeds analyst expectations First half 2024 results: EPS: €2.26 (up from €1.93 in 1H 2023). Revenue: €227.3m (up 10.0% from 1H 2023). Net income: €21.7m (up 29% from 1H 2023). Profit margin: 9.5% (up from 8.1% in 1H 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 18%. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Machinery 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 only increased by 11% per year, which means it is significantly lagging earnings growth. Aankondiging • Jul 24
Jensen-Group NV (ENXTBR:JEN) acquired 85% stake in MAXI-PRESS Elastomertechnik GmbH from AUCTUS Capital Partners AG for €34.3 million. Jensen-Group NV (ENXTBR:JEN) acquired 85% stake in MAXI-PRESS Elastomertechnik GmbH from AUCTUS Capital Partners AG for €34.3 million on July 23, 2024. Following a phased acquisition approach, JENSEN-GROUP will acquire the remaining 15% stake in MAXI-PRESS, presently owned by the founding CEO and shareholder, Zaiser, in the course of the next three years, substantially applying similar valuation principles, and acquiring the shares in three annual tranches of 5% in order to achieve full ownership of MAXI-PRESS by the end of June 2027.The financial structure of the transaction is facilitated through direct cash payments complemented by a roll-over loan amounting to €24 million.
For the period ending December 31, 2023, MAXI-PRESS Elastomertechnik GmbH reported total revenue of €21.45 million and EBITDA of €5.64 million. As of December 31, 2023, MAXI-PRESS Elastomertechnik GmbH reported total assets of €13.14 million. The transaction is set to take effect retroactively from January 1, 2024. Under the agreement, MAXI-PRESS will continue to operate under the well-established MAXIPRESS brand, while Zaiser has agreed to continue to serve as managing director of MAXI-PRESS, at least for the next three years, in order to further develop and gradually integrate MAXI-PRESS as part of JENSEN-GROUP and will report directly to the JENSEN-GROUP Executive Management Team.
Jensen-Group NV (ENXTBR:JEN) completed the acquisition of 85% stake in MAXI-PRESS Elastomertechnik GmbH from AUCTUS Capital Partners AG on July 23, 2024. Upcoming Dividend • May 21
Upcoming dividend of €0.53 per share Eligible shareholders must have bought the stock before 28 May 2024. Payment date: 30 May 2024. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Belgian dividend payers (6.6%). Lower than average of industry peers (2.7%). Board Change • Apr 10
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Els Verbraecken was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Declared Dividend • Mar 15
Dividend of €0.53 announced Shareholders will receive a dividend of €0.53. Ex-date: 28th May 2024 Payment date: 30th May 2024 Dividend yield will be 1.4%, which is lower than the industry average of 2.1%. Sustainability & Growth Dividend is covered by both earnings (22% earnings payout ratio) and cash flows (53% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 14% over the next 2 years. However, it would need to fall by 76% to increase the payout ratio to a potentially unsustainable range. New Risk • Mar 11
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.1% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining 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 Risk Earnings are forecast to decline by an average of 4.4% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (24% increase in shares outstanding). Reported Earnings • Mar 10
Full year 2023 earnings released: EPS: €3.41 (vs €2.11 in FY 2022) Full year 2023 results: EPS: €3.41 (up from €2.11 in FY 2022). Revenue: €400.1m (up 17% from FY 2022). Net income: €31.2m (up 89% from FY 2022). Profit margin: 7.8% (up from 4.8% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.3% p.a. on average during the next 2 years, compared to a 3.9% growth forecast for the Machinery industry in Europe. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. 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: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Shareholders have been diluted in the past year (24% increase in shares outstanding). Reported Earnings • Aug 13
First half 2023 earnings released: EPS: €1.93 (vs €1.16 in 1H 2022) First half 2023 results: EPS: €1.93 (up from €1.16 in 1H 2022). Revenue: €206.7m (up 21% from 1H 2022). Net income: €16.8m (up 86% from 1H 2022). Profit margin: 8.1% (up from 5.3% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Machinery industry in Europe. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. New Risk • Jun 23
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 22% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 9.6% per year over the past 5 years. High level of non-cash earnings (24% accrual ratio). Minor Risk Shareholders have been diluted in the past year (22% increase in shares outstanding). Upcoming Dividend • May 17
Upcoming dividend of €0.35 per share at 1.6% yield Eligible shareholders must have bought the stock before 24 May 2023. Payment date: 26 May 2023. Payout ratio is a comfortable 24% but the company is not cash flow positive. Trailing yield: 1.6%. Lower than top quartile of Belgian dividend payers (6.8%). Lower than average of industry peers (2.7%). Board Change • Dec 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. Independent Non-Executive Chairman Rudy Provoost was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Aug 16
First half 2022 earnings released: EPS: €1.16 (vs €0.90 in 1H 2021) First half 2022 results: EPS: €1.16 (up from €0.90 in 1H 2021). Revenue: €171.2m (up 38% from 1H 2021). Net income: €9.02m (up 29% from 1H 2021). Profit margin: 5.3% (down from 5.6% in 1H 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 5.3%, compared to a 13% growth forecast for the Machinery industry in Belgium. 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 2% per year. Upcoming Dividend • May 16
Upcoming dividend of €0.35 per share Eligible shareholders must have bought the stock before 23 May 2022. Payment date: 25 May 2022. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Belgian dividend payers (5.9%). Lower than average of industry peers (2.9%). Reported Earnings • Mar 30
Full year 2021 earnings released: EPS: €1.87 (vs €0.98 in FY 2020) Full year 2021 results: EPS: €1.87 (up from €0.98 in FY 2020). Revenue: €259.7m (up 5.9% from FY 2020). Net income: €14.6m (up 91% from FY 2020). Profit margin: 5.6% (up from 3.1% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 19%, compared to a 15% growth forecast for the industry in Belgium. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improved over the past week After last week's 20% share price gain to €29.20, the stock trades at a trailing P/E ratio of 17.4x. Average forward P/E is 15x in the Machinery industry in Europe. Total loss to shareholders of 12% over the past three years. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improved over the past week After last week's 16% share price gain to €31.10, the stock trades at a trailing P/E ratio of 18.5x. Average forward P/E is 20x in the Machinery industry in Europe. Total loss to shareholders of 11% over the past three years. Reported Earnings • Aug 12
First half 2021 earnings released: EPS €0.90 (vs €0.20 in 1H 2020) The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: €124.3m (down 4.5% from 1H 2020). Net income: €7.01m (up 355% from 1H 2020). Profit margin: 5.6% (up from 1.2% in 1H 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Price Target Changed • Aug 12
Price target increased to €33.00 Up from €28.50, the current price target is provided by 1 analyst. New target price is 8.2% above last closing price of €30.50. Stock is up 37% over the past year. Upcoming Dividend • May 20
Upcoming dividend of €0.17 per share Eligible shareholders must have bought the stock before 26 May 2021. Payment date: 28 May 2021. Trailing yield: 0.9%. Lower than top quartile of Belgian dividend payers (4.4%). Lower than average of industry peers (1.8%). Reported Earnings • Mar 29
Full year 2020 earnings released: EPS €0.98 (vs €2.03 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €245.2m (down 26% from FY 2019). Net income: €7.66m (down 52% from FY 2019). Profit margin: 3.1% (down from 4.8% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 07
Full year 2020 earnings released: EPS €0.98 (vs €2.03 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €245.2m (down 26% from FY 2019). Net income: €7.70m (down 51% from FY 2019). Profit margin: 3.1% (down from 4.8% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 15
New 90-day high: €26.00 The company is up 10.0% from its price of €23.70 on 17 November 2020. The Belgian market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Machinery industry, which is up 11% over the same period. Is New 90 Day High Low • Nov 16
New 90-day high: €23.80 The company is up 4.0% from its price of €22.80 on 18 August 2020. The Belgian market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 6.0% 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 18% share price gain to €22.70, the stock is trading at a trailing P/E ratio of 32.1x, up from the previous P/E ratio of 27.3x. This compares to an average P/E of 22x in the Machinery industry in Europe. Total return to shareholders over the past three years is a loss of 46%. Is New 90 Day High Low • Oct 15
New 90-day low: €19.45 The company is down 8.0% from its price of €21.20 on 17 July 2020. The Belgian market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 6.0% over the same period. Aankondiging • Sep 25
Jensen-Group NV (ENXTBR:JEN) acquired sykom from it's fpounder Uwe Eilers. Jensen-Group NV (ENXTBR:JEN) acquired sykom from it's fpounder Uwe Eilers on February 1, 2017. BDO legal germany acted as legal advisor to sykom in the transaction.
Jensen-Group NV (ENXTBR:JEN) completed the acquisition of sykom from it's fpounder Uwe Eilers on February 1, 2017. Is New 90 Day High Low • Sep 23
New 90-day low: €20.80 The company is down 8.0% from its price of €22.50 on 25 June 2020. The Belgian market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 7.0% over the same period.