Valuation Update With 7 Day Price Move • May 28
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €59.50, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 15x in the Chemicals industry in Germany. Total loss to shareholders of 31% over the past three years. Declared Dividend • May 20
Dividend of €1.75 announced Dividend of €1.75 is the same as last year. Ex-date: 15th June 2026 Payment date: 17th June 2026 Dividend yield will be 3.2%, which is lower than the industry average of 6.1%. Sustainability & Growth Dividend is covered by both earnings (55% earnings payout ratio) and cash flows (34% cash payout ratio). The dividend has increased by an average of 5.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 62% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • May 05
SIMONA Aktiengesellschaft, Annual General Meeting, Jun 12, 2026 SIMONA Aktiengesellschaft, Annual General Meeting, Jun 12, 2026, at 11:00 W. Europe Standard Time. Aankondiging • Apr 28
SIMONA Aktiengesellschaft, Annual General Meeting, Jun 06, 2025 SIMONA Aktiengesellschaft, Annual General Meeting, Jun 06, 2025, at 11:00 W. Europe Standard Time. Aankondiging • Apr 27
SIMONA Aktiengesellschaft announces Annual dividend, payable on June 11, 2025 SIMONA Aktiengesellschaft announced Annual dividend of EUR 1.7500 per share payable on June 11, 2025, ex-date on June 09, 2025 and record date on June 10, 2025. Reported Earnings • Aug 05
First half 2024 earnings released: EPS: €2.21 (vs €2.11 in 1H 2023) First half 2024 results: EPS: €2.21 (up from €2.11 in 1H 2023). Revenue: €298.3m (down 6.7% from 1H 2023). Net income: €13.2m (up 4.4% from 1H 2023). Profit margin: 4.4% (up from 4.0% in 1H 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. New Risk • Jul 30
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 6.6% 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 (6.6% average weekly change). Upcoming Dividend • Jun 03
Upcoming dividend of €1.85 per share Eligible shareholders must have bought the stock before 10 June 2024. Payment date: 12 June 2024. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (5.0%). Declared Dividend • Apr 26
Dividend of €1.85 announced Shareholders will receive a dividend of €1.85. Ex-date: 10th June 2024 Payment date: 12th June 2024 Dividend yield will be 2.8%, which is lower than the industry average of 6.1%. Sustainability & Growth Dividend is well covered by both earnings (39% earnings payout ratio) and cash flows (32% 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. Earnings per share has grown by 4.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 25
Full year 2023 earnings released: EPS: €5.08 (vs €6.31 in FY 2022) Full year 2023 results: EPS: €5.08 (down from €6.31 in FY 2022). Revenue: €609.6m (down 14% from FY 2022). Net income: €30.5m (down 19% from FY 2022). Profit margin: 5.0% (down from 5.3% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 2% per year. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €72.50, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 15x in the Chemicals industry in Germany. Total returns to shareholders of 42% over the past three years. New Risk • Feb 18
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). 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 (7.2% average weekly change). Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €79.50, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 12x in the Chemicals industry in Germany. Total returns to shareholders of 70% over the past three years. New Risk • Jun 23
New major 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 9.3% 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 Dividend is not well covered by cash flows (193% cash payout ratio). Share price has been volatile over the past 3 months (9.3% average weekly change). Upcoming Dividend • May 29
Upcoming dividend of €1.85 per share at 2.0% yield Eligible shareholders must have bought the stock before 05 June 2023. Payment date: 07 June 2023. Payout ratio is a comfortable 29% but the company is paying out more than the cash it is generating. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.7%). Valuation Update With 7 Day Price Move • Apr 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €98.00, the stock trades at a trailing P/E ratio of 15x. Average trailing P/E is 12x in the Chemicals industry in Germany. Total returns to shareholders of 114% over the past three years. Valuation Update With 7 Day Price Move • Oct 27
Investor sentiment improved over the past week After last week's 15% share price gain to €98.00, the stock trades at a trailing P/E ratio of 15x. Average trailing P/E is 9x in the Chemicals industry in Germany. Total returns to shareholders of 108% over the past three years. Reported Earnings • Aug 05
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down €20.0m from profit in 1H 2021). Profit margin: (down from 7.7% in 1H 2021). The decrease in margin was driven by lower expenses. 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 19% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 06
Upcoming dividend of €1.70 per share Eligible shareholders must have bought the stock before 13 June 2022. Payment date: 15 June 2022. Payout ratio is a comfortable 26% but the company is not cash flow positive. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (4.2%). Lower than average of industry peers (4.9%). Reported Earnings • Apr 27
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: €6.50 (up from €4.06 in FY 2020). Revenue: €544.7m (up 40% from FY 2020). Net income: €37.0m (up 60% from FY 2020). Profit margin: 6.8% (up from 5.9% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.4%. Earnings per share (EPS) also surpassed analyst estimates by 27%. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 20% per year. Reported Earnings • Apr 22
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: €6.49 (up from €3.83 in FY 2020). Revenue: €554.2m (up 42% from FY 2020). Net income: €37.0m (up 61% from FY 2020). Profit margin: 6.7% (up from 5.9% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.4%. Earnings per share (EPS) also surpassed analyst estimates by 27%. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 22% per year. Valuation Update With 7 Day Price Move • Nov 13
Investor sentiment improved over the past week After last week's 22% share price gain to €90.00, the stock trades at a trailing P/E ratio of 16.3x. Average trailing P/E is 14x in the Chemicals industry in Germany. Total returns to shareholders of 93% over the past three years. Valuation Update With 7 Day Price Move • Sep 01
Investor sentiment improved over the past week After last week's 22% share price gain to €90.00, the stock trades at a trailing P/E ratio of 16.3x. Average trailing P/E is 21x in the Chemicals industry in Germany. Total returns to shareholders of 87% over the past three years. Reported Earnings • Aug 10
First half 2021 earnings released: EPS €33.33 (vs €16.35 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €259.9m (up 30% from 1H 2020). Net income: €20.0m (up 104% from 1H 2020). Profit margin: 7.7% (up from 4.9% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • May 27
Upcoming dividend of €12.00 per share Eligible shareholders must have bought the stock before 03 June 2021. Payment date: 07 June 2021. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (3.6%). Valuation Update With 7 Day Price Move • May 01
Investor sentiment improved over the past week After last week's 16% share price gain to €750, the stock trades at a trailing P/E ratio of 19.6x. Average trailing P/E is 28x in the Chemicals industry in Germany. Total returns to shareholders of 45% over the past three years. Reported Earnings • Apr 25
Full year 2020 earnings released: EPS €38.32 (vs €34.13 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: €389.9m (down 9.9% from FY 2019). Net income: €23.0m (up 12% from FY 2019). Profit margin: 5.9% (up from 4.7% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 14
New 90-day high: €535 The company is up 17% from its price of €458 on 13 November 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Chemicals industry, which is up 18% over the same period. Aankondiging • Dec 12
SIMONA Aktiengesellschaft to Report Q3, 2021 Results on Oct 27, 2021 SIMONA Aktiengesellschaft announced that they will report Q3, 2021 results on Oct 27, 2021 Aankondiging • Dec 11
SIMONA Aktiengesellschaft to Report Q1, 2021 Results on Apr 21, 2021 SIMONA Aktiengesellschaft announced that they will report Q1, 2021 results on Apr 21, 2021 Is New 90 Day High Low • Nov 16
New 90-day high: €478 The company is up 13% from its price of €422 on 18 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 6.0% over the same period. Aankondiging • Nov 10
SIMONA Aktiengesellschaft (DB:SIM) agreed to acquire 70% stake in MT Plastik AS from Tufan Kalkan and others. SIMONA Aktiengesellschaft (DB:SIM) agreed to acquire 70% stake in MT Plastik AS from Tufan Kalkan and others on November 9, 2020. The existing owners of MT Plastik will retain 30% of the interest in MT Plastik. Tufan Kalkan, Chairman of MT Plastik will remain as a member of the management team. MT Plastik reported revenues in excess of €11 million. Subject to the final approval of the antitrust authorities, the transaction is expected to be closed on December 31, 2020. Is New 90 Day High Low • Oct 09
New 90-day high: €458 The company is up 3.0% from its price of €444 on 10 July 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 Chemicals industry, which is up 13% over the same period. Aankondiging • Jul 30
SIMONA Aktiengesellschaft (DB:SIM) completed the acquisition of a 75% stake in Stadpipe AS from Sjåstad brothers. SIMONA Aktiengesellschaft (DB:SIM) agreed to acquire a 75% stake in Stadpipe AS from Sjåstad brothers on June 4, 2020. The management team and all the employees of Stadpipe will join SIMONA post the completion of the transaction. The transaction is expected to close on June 30, 2020. Leif Larsen and Karl-Børre Gilje of Synergos A/S and Dennis Magath, Andreas Hüchting, Christian Hörner and Tilman Eckstein of Translink acted as the financial advisors to the shareholders of Stadpipe.
SIMONA Aktiengesellschaft (DB:SIM) completed the acquisition of a 75% stake in Stadpipe AS from Sjåstad brothers on July 3, 2020.