Reported Earnings • May 02
First quarter 2026 earnings released First quarter 2026 results: Revenue: €61.7m (down 8.4% from 1Q 2025). Net income: €2.80m (up 154% from 1Q 2025). Profit margin: 4.5% (up from 1.6% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Forestry industry in Europe. Aankondiging • Apr 14
Iberpapel Gestión, S.A., Annual General Meeting, May 25, 2026 Iberpapel Gestión, S.A., Annual General Meeting, May 25, 2026. Location: hotel londres y de inglaterra, calle zubieta 2, san sebastian, guipuzcoa., Spain Buy Or Sell Opportunity • Mar 25
Now 20% overvalued The stock has been flat over the last 90 days, currently trading at €19.30. The fair value is estimated to be €16.07, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 9.3% over the last 3 years. Earnings per share has declined by 10%. Revenue is forecast to grow by 5.4% in 2 years. Earnings are forecast to grow by 5.7% in the next 2 years. Declared Dividend • Dec 01
Dividend of €0.35 announced Shareholders will receive a dividend of €0.35. Ex-date: 10th December 2025 Payment date: 12th December 2025 Dividend yield will be 4.3%, which is higher than the industry average of 3.7%. Sustainability & Growth The dividend has increased over the past 10 years. However, payments have been volatile during that time. Reported Earnings • Jul 31
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: €50.4m (down 18% from 2Q 2024). Net income: €1.13m (down 82% from 2Q 2024). Profit margin: 2.2% (down from 10% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 14% per year. New Risk • Jun 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 8.1% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.1% average weekly change). Profit margins are more than 30% lower than last year (8.4% net profit margin). Valuation Update With 7 Day Price Move • May 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €22.80, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 15x in the Forestry industry in Europe. Total returns to shareholders of 70% over the past three years. Upcoming Dividend • May 02
Upcoming dividend of €0.50 per share Eligible shareholders must have bought the stock before 09 May 2025. Payment date: 13 May 2025. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of German dividend payers (4.3%). Lower than average of industry peers (4.3%). Reported Earnings • Apr 29
First quarter 2025 earnings released First quarter 2025 results: EPS: €0.10. Revenue: €67.3m (up 8.4% from 1Q 2024). Net income: €1.10m (down 72% from 1Q 2024). Profit margin: 1.6% (down from 6.3% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Forestry industry in Europe. Buy Or Sell Opportunity • Mar 26
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 19% to €21.40. The fair value is estimated to be €17.06, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.5% over the last 3 years. Earnings per share has grown by 44%. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to decline by 6.7% in the next 2 years. Aankondiging • Mar 21
Iberpapel Gestión, S.A., Annual General Meeting, Apr 23, 2025 Iberpapel Gestión, S.A., Annual General Meeting, Apr 23, 2025. Location: hotel londres y de inglaterra, calle zubieta 2, san sebastian, guipuzcoa., Spain Reported Earnings • Mar 03
Full year 2024 earnings released: EPS: €2.12 (vs €4.34 in FY 2023) Full year 2024 results: EPS: €2.12 (down from €4.34 in FY 2023). Revenue: €238.2m (down 5.2% from FY 2023). Net income: €23.2m (down 51% from FY 2023). Profit margin: 9.7% (down from 19% in FY 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 5.5% p.a. on average during the next 2 years, compared to a 3.8% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Declared Dividend • Nov 29
Dividend of €0.41 announced Shareholders will receive a dividend of €0.41. Ex-date: 11th December 2024 Payment date: 13th December 2024 Dividend yield will be 4.6%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 6.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 57% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 01
Third quarter 2024 earnings released Third quarter 2024 results: EPS: €0.48. Revenue: €62.1m (up 13% from 3Q 2023). Net income: €5.22m (down 79% from 3Q 2023). Profit margin: 8.4% (down from 44% in 3Q 2023). Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Forestry industry in Europe. Buy Or Sell Opportunity • Oct 16
Now 20% overvalued Over the last 90 days, the stock has fallen 3.0% to €17.80. The fair value is estimated to be €14.79, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.5% over the last 3 years. Earnings per share has grown by 69%. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to decline by 52% in the next 2 years. Buy Or Sell Opportunity • Oct 01
Now 22% overvalued Over the last 90 days, the stock has fallen 4.4% to €17.50. The fair value is estimated to be €14.36, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.5% over the last 3 years. Earnings per share has grown by 69%. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to decline by 52% in the next 2 years. Buy Or Sell Opportunity • Jul 26
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.6% to €18.00. The fair value is estimated to be €22.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.5% over the last 3 years. Earnings per share has grown by 69%. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to decline by 52% in the next 2 years. Reported Earnings • Jul 25
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: €61.6m (down 2.9% from 2Q 2023). Net income: €6.40m (down 6.0% from 2Q 2023). Profit margin: 10% (in line with 2Q 2023). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jun 12
Dividend of €0.41 announced Shareholders will receive a dividend of €0.41. Ex-date: 13th June 2024 Payment date: 17th June 2024 Dividend yield will be 4.4%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is well covered by both earnings (23% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 6.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 32% over the next 3 years. However, it would need to fall by 74% to increase the payout ratio to a potentially unsustainable range. Declared Dividend • Jun 02
Dividend of €0.41 announced Shareholders will receive a dividend of €0.41. Ex-date: 4th June 2024 Payment date: 6th June 2024 Dividend yield will be 4.3%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is well covered by both earnings (23% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 6.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 32% over the next 3 years. However, it would need to fall by 74% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Apr 26
First quarter 2024 earnings released First quarter 2024 results: Revenue: €63.6m (down 13% from 1Q 2023). Net income: €3.93m (flat on 1Q 2023). Profit margin: 6.2% (up from 5.4% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Forestry industry in Europe. Aankondiging • Apr 13
Iberpapel Gestión, S.A. announced that it expects to receive €0.129 million in funding Iberpapel Gestión, S.A. announces private placement of 215,000 ordinary shares at a issue price of €0.6 per share for gross proceeds of € 129,000 on April 11, 2024. Reported Earnings • Mar 06
Full year 2023 earnings released: EPS: €4.42 (vs €1.47 in FY 2022) Full year 2023 results: EPS: €4.42 (up from €1.47 in FY 2022). Revenue: €250.8m (down 15% from FY 2022). Net income: €47.1m (up 198% from FY 2022). Profit margin: 19% (up from 5.4% in FY 2022). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Board Change • Mar 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 7 highly experienced directors. Independent External Director Maria Jose Beato was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Dec 13
Upcoming dividend of €0.41 per share at 1.5% yield Eligible shareholders must have bought the stock before 20 December 2023. Payment date: 22 December 2023. Payout ratio is a comfortable 3.6% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (5.1%). Reported Earnings • Jul 30
First half 2023 earnings released First half 2023 results: EPS: €0.97. Revenue: €134.7m (down 18% from 1H 2022). Net income: €10.7m (up 42% from 1H 2022). Profit margin: 8.0% (up from 4.6% in 1H 2022). The increase in margin was driven by lower expenses. Revenue is forecast to decline by 1.3% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Upcoming Dividend • May 31
Upcoming dividend of €0.12 per share at 1.8% yield Eligible shareholders must have bought the stock before 06 June 2023. Payment date: 08 June 2023. Payout ratio is a comfortable 27% but the company is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (5.7%). Reported Earnings • Feb 26
Full year 2022 earnings released: EPS: €1.47 (vs €0.86 in FY 2021) Full year 2022 results: EPS: €1.47 (up from €0.86 in FY 2021). Revenue: €295.0m (up 24% from FY 2021). Net income: €15.8m (up 71% from FY 2021). Profit margin: 5.4% (up from 3.9% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to decline by 5.1% p.a. on average during the next 2 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment improved over the past week After last week's 17% share price gain to €15.15, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 9x in the Forestry industry in Europe. Total loss to shareholders of 34% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €17.60 per share. Reported Earnings • Jul 29
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: €80.5m (up 39% from 2Q 2021). Net income: €4.72m (down 1.0% from 2Q 2021). Profit margin: 5.9% (down from 8.2% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 14% compared to a 5.7% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Upcoming Dividend • May 10
Upcoming dividend of €0.20 per share Eligible shareholders must have bought the stock before 17 May 2022. Payment date: 19 May 2022. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of German dividend payers (4.3%). In line with average of industry peers (3.3%). Reported Earnings • May 06
First quarter 2022 earnings released First quarter 2022 results: Revenue: €84.9m (up 72% from 1Q 2021). Net income: €2.81m (up 21% from 1Q 2021). Profit margin: 3.3% (down from 4.7% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 9.8% compared to a 6.3% growth forecast for the industry in Germany. Reported Earnings • Feb 27
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: €0.86 (up from €0.39 in FY 2020). Revenue: €237.2m (up 52% from FY 2020). Net income: €9.29m (up 119% from FY 2020). Profit margin: 3.9% (up from 2.7% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 8.8%. Over the next year, revenue is expected to shrink by 1.8% compared to a 4.1% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Reported Earnings • Oct 30
Third quarter 2021 earnings released: EPS €0.27 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €60.6m (up 76% from 3Q 2020). Net income: €2.92m (up €7.81m from 3Q 2020). Profit margin: 4.8% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 48% 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. Upcoming Dividend • Oct 12
Upcoming dividend of €0.20 per share Eligible shareholders must have bought the stock before 19 October 2021. Payment date: 21 October 2021. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (2.9%). Reported Earnings • Jul 23
Second quarter 2021 earnings released The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €57.2m (up 56% from 2Q 2020). Net income: €4.77m (up 76% from 2Q 2020). Profit margin: 8.4% (up from 7.4% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jul 06
Upcoming dividend of €0.081 per share Eligible shareholders must have bought the stock before 13 July 2021. Payment date: 15 July 2021. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (2.7%). Reported Earnings • May 03
First quarter 2021 earnings released: EPS €0.21 The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: €49.3m (down 1.3% from 1Q 2020). Net income: €2.33m (down 30% from 1Q 2020). Profit margin: 4.7% (down from 6.6% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 16
New 90-day low: €15.90 The company is down 5.0% from its price of €16.80 on 18 November 2020. The German market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Forestry industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.26 per share. Upcoming Dividend • Dec 10
Upcoming Dividend of €0.16 Per Share Will be paid on the 18th of December to those who are registered shareholders by the 16th of December. The trailing yield of 2.8% is below the top quartile of German dividend payers (3.6%), and is lower than industry peers (3.2%). Is New 90 Day High Low • Dec 07
New 90-day high: €17.45 The company is up 3.0% from its price of €16.90 on 08 September 2020. The German market is also up 3.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Forestry industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.55 per share. Reported Earnings • Nov 02
Third quarter 2020 earnings released: €0.45 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: €34.4m (down 30% from 3Q 2019). Net loss: €4.89m (down 216% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Nov 02
Revenue beats expectations Revenue exceeded analyst estimates by 0.2%. Over the next year, revenue is forecast to grow 22% compared to a 1.7% decline forecast for the Forestry industry in Germany. Is New 90 Day High Low • Oct 15
New 90-day low: €16.15 The company is down 6.0% from its price of €17.20 on 17 July 2020. The German market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Forestry industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €43.52 per share. Is New 90 Day High Low • Sep 23
New 90-day low: €16.40 The company is down 13% from its price of €18.85 on 25 June 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Forestry industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €42.15 per share.