Reported Earnings • Apr 24
First quarter 2026 earnings released: EPS: €0.73 (vs €0.63 in 1Q 2025) First quarter 2026 results: EPS: €0.73 (up from €0.63 in 1Q 2025). Revenue: €71.6m (up 8.4% from 1Q 2025). Net income: €11.9m (up 14% from 1Q 2025). Profit margin: 17% (in line with 1Q 2025). Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Aankondiging • Apr 21
Mensch und Maschine Software SE to Report Q1, 2027 Results on Apr 21, 2027 Mensch und Maschine Software SE announced that they will report Q1, 2027 results on Apr 21, 2027 Reported Earnings • Mar 19
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: €1.91 (up from €1.80 in FY 2024). Revenue: €238.6m (down 27% from FY 2024). Net income: €31.8m (up 4.3% from FY 2024). Profit margin: 13% (up from 9.4% in FY 2024). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.8%. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. New Risk • Mar 19
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 29% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 107% Cash payout ratio: 488% High level of non-cash earnings (29% accrual ratio). Aankondiging • Mar 17
Mensch und Maschine Software SE to Report Fiscal Year 2026 Results on Mar 16, 2027 Mensch und Maschine Software SE announced that they will report fiscal year 2026 results on Mar 16, 2027 Reported Earnings • Oct 22
Third quarter 2025 earnings released: EPS: €0.39 (vs €0.38 in 3Q 2024) Third quarter 2025 results: EPS: €0.39 (up from €0.38 in 3Q 2024). Revenue: €56.2m (down 40% from 3Q 2024). Net income: €6.51m (up 1.3% from 3Q 2024). Profit margin: 12% (up from 6.8% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Aankondiging • Oct 22
Mensch und Maschine Software SE to Report Q3, 2026 Results on Oct 20, 2026 Mensch und Maschine Software SE announced that they will report Q3, 2026 results on Oct 20, 2026 Reported Earnings • Jul 25
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: EPS: €0.42 (down from €0.45 in 2Q 2024). Revenue: €54.8m (down 27% from 2Q 2024). Net income: €7.11m (down 6.9% from 2Q 2024). Profit margin: 13% (up from 10% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) also missed analyst estimates by 1.1%. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Aankondiging • Jul 24
Mensch und Maschine Software SE to Report First Half, 2026 Results on Jul 21, 2026 Mensch und Maschine Software SE announced that they will report first half, 2026 results on Jul 21, 2026 Aankondiging • May 06
Mensch und Maschine Software SE announces Annual dividend, payable on June 06, 2025 Mensch und Maschine Software SE announced Annual dividend of EUR 0.3100 per share payable on June 06, 2025, ex-date on May 09, 2025 and record date on May 12, 2025. Upcoming Dividend • May 02
Upcoming dividend of €1.85 per share Eligible shareholders must have bought the stock before 09 May 2025. Payment date: 13 May 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.2%. Lower than top quartile of German dividend payers (4.3%). Higher than average of industry peers (0.9%). Reported Earnings • Apr 25
First quarter 2025 earnings released: EPS: €0.62 (vs €0.63 in 1Q 2024) First quarter 2025 results: EPS: €0.62 (down from €0.63 in 1Q 2024). Revenue: €66.0m (down 35% from 1Q 2024). Net income: €10.4m (down 2.2% from 1Q 2024). Profit margin: 16% (up from 11% in 1Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Aankondiging • Apr 23
Mensch und Maschine Software SE to Report Q1, 2026 Results on Apr 21, 2026 Mensch und Maschine Software SE announced that they will report Q1, 2026 results on Apr 21, 2026 Aankondiging • Apr 01
Mensch und Maschine Software SE, Annual General Meeting, May 08, 2025 Mensch und Maschine Software SE, Annual General Meeting, May 08, 2025, at 14:00 W. Europe Standard Time. New Risk • Mar 16
New minor risk - Dividend sustainability The dividend is not well covered by earnings. Payout ratio: 103% Dividend yield: 3.3% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings 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. However, this risk is mitigated by the fact the dividend is covered by cash flows. 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 • Mar 14
Mensch und Maschine Software SE announces Annual dividend, payable on May 13, 2025 Mensch und Maschine Software SE announced Annual dividend of EUR 1.1000 per share payable on May 13, 2025, ex-date on May 09, 2025 and record date on May 12, 2025. Aankondiging • Mar 13
Mensch und Maschine Software SE to Report Fiscal Year 2025 Results on Mar 17, 2026 Mensch und Maschine Software SE announced that they will report fiscal year 2025 results on Mar 17, 2026 Declared Dividend • Feb 13
Dividend increased to €1.85 Dividend of €1.85 is 12% higher than last year. Ex-date: 9th May 2025 Payment date: 13th May 2025 Dividend yield will be 3.7%, which is higher than the industry average of 1.5%. Sustainability & Growth Dividend is covered by both earnings (87% earnings payout ratio) and cash flows (61% cash payout ratio). The dividend has increased by an average of 23% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 45% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Feb 11
Mensch Und Maschine Software SE Provides Earnings Guidance for the Year 2025 and 2026 Mensch und Maschine Software SE provided earnings guidance for the year 2025 and 2026. For the year 2025, the company expects growth of +9%-18% in EBIT or EPS.
For 2026, the company expects stronger EBIT/EPS growth of +13%-25%. Aankondiging • Oct 18
Mensch und Maschine Software SE to Report Q3, 2025 Results on Oct 22, 2025 Mensch und Maschine Software SE announced that they will report Q3, 2025 results on Oct 22, 2025 Reported Earnings • Jul 19
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: EPS: €0.43 (up from €0.39 in 2Q 2023). Revenue: €75.1m (up 5.3% from 2Q 2023). Net income: €7.34m (up 13% from 2Q 2023). Profit margin: 9.8% (in line with 2Q 2023). Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 3.5%. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Aankondiging • Jul 18
Mensch und Maschine Software SE to Report First Half, 2025 Results on Jul 23, 2025 Mensch und Maschine Software SE announced that they will report first half, 2025 results on Jul 23, 2025 Aankondiging • Apr 19
Mensch und Maschine Software SE to Report Q1, 2025 Results on Apr 23, 2025 Mensch und Maschine Software SE announced that they will report Q1, 2025 results on Apr 23, 2025 Reported Earnings • Apr 18
First quarter 2024 earnings: EPS and revenues exceed analyst expectations First quarter 2024 results: EPS: €0.63 (up from €0.58 in 1Q 2023). Revenue: €100.9m (down 2.1% from 1Q 2023). Net income: €10.6m (up 9.9% from 1Q 2023). Profit margin: 11% (up from 9.4% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 6.4%. Earnings per share (EPS) also surpassed analyst estimates by 5.0%. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Aankondiging • Mar 15
Mensch und Maschine Software SE to Report Fiscal Year 2024 Results on Mar 13, 2025 Mensch und Maschine Software SE announced that they will report fiscal year 2024 results on Mar 13, 2025 Reported Earnings • Oct 20
Third quarter 2023 earnings released: EPS: €0.29 (vs €0.26 in 3Q 2022) Third quarter 2023 results: EPS: €0.29 (up from €0.26 in 3Q 2022). Revenue: €67.8m (down 5.3% from 3Q 2022). Net income: €4.81m (up 11% from 3Q 2022). Profit margin: 7.1% (up from 6.1% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Aankondiging • Oct 19
Mensch und Maschine Software SE to Report Q3, 2024 Results on Oct 18, 2024 Mensch und Maschine Software SE announced that they will report Q3, 2024 results on Oct 18, 2024 Reported Earnings • Jul 21
Second quarter 2023 earnings released: EPS: €0.39 (vs €0.35 in 2Q 2022) Second quarter 2023 results: EPS: €0.39 (up from €0.35 in 2Q 2022). Revenue: €71.3m (flat on 2Q 2022). Net income: €6.48m (up 9.6% from 2Q 2022). Profit margin: 9.1% (up from 8.3% in 2Q 2022). Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Jul 20
Now 20% undervalued Over the last 90 days, the stock is up 2.8%. The fair value is estimated to be €64.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.7% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to grow by 8.1% per annum. Earnings is also forecast to grow by 12% per annum over the same time period. Price Target Changed • Jun 21
Price target increased by 8.1% to €65.65 Up from €60.75, the current price target is an average from 4 analysts. New target price is 15% above last closing price of €57.00. Stock is up 16% over the past year. The company is forecast to post earnings per share of €1.76 for next year compared to €1.55 last year. Buying Opportunity • May 24
Now 20% undervalued Over the last 90 days, the stock is up 2.8%. The fair value is estimated to be €62.75, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.7% over the last 3 years. Earnings per share has grown by 15%. Revenue is forecast to grow by 7.6% in 2 years. Earnings is forecast to grow by 34% in the next 2 years. Upcoming Dividend • May 05
Upcoming dividend of €1.40 per share at 2.7% yield Eligible shareholders must have bought the stock before 12 May 2023. Payment date: 08 June 2023. Payout ratio is on the higher end at 85%, however this is supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.6%). Buying Opportunity • May 03
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 2.9%. The fair value is estimated to be €63.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.7% over the last 3 years. Earnings per share has grown by 15%. Revenue is forecast to grow by 7.6% in 2 years. Earnings is forecast to grow by 34% in the next 2 years. Reported Earnings • Mar 15
Full year 2022 earnings released: EPS: €1.55 (vs €1.26 in FY 2021) Full year 2022 results: EPS: €1.55 (up from €1.26 in FY 2021). Revenue: €320.5m (up 20% from FY 2021). Net income: €26.0m (up 22% from FY 2021). Profit margin: 8.1% (up from 8.0% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 16% per year. Buying Opportunity • Feb 24
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 2.4%. The fair value is estimated to be €60.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.5% over the last 3 years. Earnings per share has grown by 15%. Revenue is forecast to grow by 18% in 2 years. Earnings is forecast to grow by 26% in the next 2 years. Price Target Changed • Feb 15
Price target decreased by 8.2% to €59.65 Down from €65.00, the current price target is an average from 4 analysts. New target price is 17% above last closing price of €51.00. Stock is down 5.0% over the past year. The company is forecast to post earnings per share of €1.56 for next year compared to €1.26 last year. Buying Opportunity • Dec 07
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 2.0%. The fair value is estimated to be €60.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.5% over the last 3 years. Earnings per share has grown by 15%. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Rupprecht Bechtolsheim was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 22
Third quarter 2022 earnings released: EPS: €0.26 (vs €0.20 in 3Q 2021) Third quarter 2022 results: EPS: €0.26 (up from €0.20 in 3Q 2021). Revenue: €71.7m (up 24% from 3Q 2021). Net income: €4.35m (up 32% from 3Q 2021). Profit margin: 6.1% (up from 5.7% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Aankondiging • Oct 21
Mensch und Maschine Software SE to Report Q3, 2023 Results on Oct 24, 2023 Mensch und Maschine Software SE announced that they will report Q3, 2023 results on Oct 24, 2023 Price Target Changed • Jul 30
Price target decreased to €65.00 Down from €71.00, the current price target is provided by 1 analyst. New target price is 26% above last closing price of €51.50. Stock is down 16% over the past year. The company posted earnings per share of €1.26 last year. Reported Earnings • Jul 21
Second quarter 2022 earnings released: EPS: €0.36 (vs €0.27 in 2Q 2021) Second quarter 2022 results: EPS: €0.36 (up from €0.27 in 2Q 2021). Revenue: €71.2m (up 12% from 2Q 2021). Net income: €6.00m (up 33% from 2Q 2021). Profit margin: 8.4% (up from 7.1% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 5.7%, compared to a 8.3% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 14% per year. Aankondiging • Jul 21
Mensch und Maschine Software SE, Annual General Meeting, May 11, 2023 Mensch und Maschine Software SE, Annual General Meeting, May 11, 2023. Aankondiging • Jul 20
Mensch und Maschine Software SE to Report First Half, 2023 Results on Jul 26, 2023 Mensch und Maschine Software SE announced that they will report first half, 2023 results on Jul 26, 2023 Upcoming Dividend • May 05
Upcoming dividend of €1.20 per share Eligible shareholders must have bought the stock before 12 May 2022. Payment date: 09 June 2022. Payout ratio is on the higher end at 88%, however this is supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (4.1%). Higher than average of industry peers (2.0%). Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: €0.49 (vs €0.40 in 1Q 2021) First quarter 2022 results: EPS: €0.49 (up from €0.40 in 1Q 2021). Revenue: €85.4m (up 18% from 1Q 2021). Net income: €8.34m (up 25% from 1Q 2021). Profit margin: 9.8% (in line with 1Q 2021). Over the next year, revenue is forecast to grow 6.2%, compared to a 14% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 14% per year. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Rupprecht Bechtolsheim was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Apr 21
Mensch und Maschine Software SE to Report Q1, 2023 Results on Apr 20, 2023 Mensch und Maschine Software SE announced that they will report Q1, 2023 results on Apr 20, 2023 Reported Earnings • Mar 15
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: €1.26 (up from €1.12 in FY 2020). Revenue: €266.2m (up 9.1% from FY 2020). Net income: €21.3m (up 14% from FY 2020). Profit margin: 8.0% (up from 7.7% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 11%, compared to a 13% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Feb 12
Price target increased to €73.40 Up from €68.00, the current price target is provided by 1 analyst. New target price is 36% above last closing price of €54.10. Stock is down 12% over the past year. The company posted earnings per share of €1.11 last year. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €50.20, the stock trades at a trailing P/E ratio of 42.8x. Average forward P/E is 31x in the Software industry in Germany. Total returns to shareholders of 96% over the past three years.