Price Target Changed • May 20
Price target decreased by 34% to €22.80 Down from €34.30, the current price target is provided by 1 analyst. New target price is 196% above last closing price of €7.70. Stock is down 40% over the past year. The company is forecast to post earnings per share of €0.53 for next year compared to €0.00014 last year. Aankondiging • Feb 07
ecotel communication ag Reaffirms Consolidated Earnings Guidance for the Financial Year 2025 ecotel communication ag reaffirmed consolidated earnings guidance for the financial year 2025. for the year, the company expects consolidated revenue (guidance: EUR 117–125 million) and consolidated net income (guidance: up to EUR 1 million) – currently remain within the range of the most recently communicated expectations. Aankondiging • Dec 12
ecotel communication ag to Report Q3, 2025 Results on Nov 06, 2025 ecotel communication ag announced that they will report Q3, 2025 results on Nov 06, 2025 Aankondiging • Nov 27
ecotel communication ag to Report Fiscal Year 2024 Results on Mar 13, 2025 ecotel communication ag announced that they will report fiscal year 2024 results on Mar 13, 2025 New Risk • Nov 09
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.3% Last year net profit margin: 3.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 114% Paying a dividend despite having no free cash flows. High level of non-cash earnings (31% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (1.3% net profit margin). Market cap is less than US$100m (€48.0m market cap, or US$51.5m). Reported Earnings • Nov 08
Third quarter 2024 earnings released: EPS: €0.12 (vs €0.12 in 3Q 2023) Third quarter 2024 results: EPS: €0.12 (in line with 3Q 2023). Revenue: €26.8m (flat on 3Q 2023). Net income: €417.9k (flat on 3Q 2023). Profit margin: 1.6% (in line with 3Q 2023). Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 13
Second quarter 2024 earnings released: EPS: €0.12 (vs €0.14 in 2Q 2023) Second quarter 2024 results: EPS: €0.12 (down from €0.14 in 2Q 2023). Revenue: €28.9m (up 25% from 2Q 2023). Net income: €426.5k (down 13% from 2Q 2023). Profit margin: 1.5% (down from 2.1% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Telecom 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 14% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jun 24
Upcoming dividend of €0.47 per share Eligible shareholders must have bought the stock before 01 July 2024. Payment date: 03 July 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (4.7%). In line with average of industry peers (3.1%). Reported Earnings • May 09
First quarter 2024 earnings released: EPS: €0.08 (vs €1.27 in 1Q 2023) First quarter 2024 results: EPS: €0.08 (down from €1.27 in 1Q 2023). Revenue: €28.3m (down 1.3% from 1Q 2023). Net income: €267.8k (down 94% from 1Q 2023). Profit margin: 0.9% (down from 15% in 1Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Apr 22
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.1% to €14.90. The fair value is estimated to be €18.85, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.4% over the last 3 years. Earnings per share has grown by 56%. For the next 3 years, revenue is forecast to grow by 8.4% per annum. Earnings are also forecast to grow by 10% per annum over the same time period. Aankondiging • Apr 20
ecotel communication ag Announces Board Changes ecotel communication ag, announced a change to and an expansion of the Management Board team. Accordingly, André Borusiak (47) is to be appointed as CCO on 1 July 2024, succeeding Achim Theis (59), who played an instrumental role at the company as a director for two decades, and will be on hand in a consultancy capacity in future. André Borusiak has 25 years’ experience in the telecommunications industry and previously held various management positions at Siemens and Vodafone, where he was most recently in charge of sales to global accounts. He brings with him a wealth of experience not only in sales, but also in marketing, communications and partner management, and his customer focus and passion for innovation will generate fresh impetus for ecotel. These appointments continue the process of generational change. In 2023, Wilfried Kallenberg (63) handed over his responsibilities as authorised signatory and Chief Technology Officer (CTO) to his successor Alexander Wiese (39), while Sabrina Bublitz (42) was appointed as authorised signatory and Chief Portfolio Officer (CPO). These authorised signatories join Holger Hommes and Oliver Jansen on the company’s Governing Board. André Borusiak(born in 1977) takes over as CCO of ecotel communication ag on 1 July 2024, with responsibility for Business Customer Sales, Key Account Management and Digital Commerce. He has 25 years’ experience in the telecommunications industry and previously held various management positions at Siemens and Vodafone. As a result, he has a wealth of experience not only in sales, but also in marketing, communications and partner management. He has an MBA from the NIMBAS Graduate School of Management in Bradford. Markus Hendrich (born in 1980) is the Chairman of the Management Board of ecotel communication ag and has been on the company’s Management Board since July 2020. In this role, he is currently responsible for Wholesale, Finance, Strategy, Technology, Operations, Portfolio and Processes and for central administrative departments. A graduate in business psychology, he has worked in the telecommunications sector for almost 25 years and has previously spent over 10 years in various management positions at QSC AG and Plusnet GmbH, an EnBW company, most recently as Managing Director for Technology, Product Management and Marketing. Together with company founder Peter Zils, Markus Hendrich represents ecotel and the interests of its business customers on the Executive Committee of the main German telecommunications industry association, the VATM. Buy Or Sell Opportunity • Mar 19
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 10% to €15.30. The fair value is estimated to be €19.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.4% over the last 3 years. Earnings per share has grown by 59%. For the next 3 years, revenue is forecast to grow by 7.6% per annum. Earnings are also forecast to grow by 10% per annum over the same time period. Price Target Changed • Mar 18
Price target decreased by 10% to €40.40 Down from €45.10, the current price target is provided by 1 analyst. New target price is 157% above last closing price of €15.75. Stock is down 66% over the past year. The company is forecast to post earnings per share of €0.91 for next year compared to €2.12 last year. Reported Earnings • Mar 16
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: €2.12 (down from €2.72 in FY 2022). Revenue: €113.3m (up 21% from FY 2022). Net income: €5.68m (down 41% from FY 2022). Profit margin: 5.0% (down from 10% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) missed analyst estimates by 9.4%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 08
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: €26.8m (up 8.9% from 3Q 2022). Net income: €417.9k (up €542.9k from 3Q 2022). Profit margin: 1.6% (up from net loss in 3Q 2022). Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. New Risk • Aug 30
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.6% Last year net profit margin: 13% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (dividend per share is over 7x cash flows per share). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.6% net profit margin). Market cap is less than US$100m (€60.9m market cap, or US$66.5m). Valuation Update With 7 Day Price Move • May 10
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €35.00, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 28x in the Telecom industry in Germany. Total returns to shareholders of 944% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €51.15 per share. Buying Opportunity • Apr 25
Now 29% undervalued after recent price drop Over the last 90 days, the stock is down 6.7%. The fair value is estimated to be €45.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.6% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 8.2% per annum. Earnings is forecast to decline by 16% per annum over the same time period. Upcoming Dividend • Apr 17
Upcoming dividend of €18.82 per share at 39% yield Eligible shareholders must have bought the stock before 24 April 2023. Payment date: 26 April 2023. Trailing yield: 39%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.2%). Reported Earnings • Mar 11
Full year 2022 earnings released Full year 2022 results: Revenue: €109.7m (up 13% from FY 2021). Net income: €9.54m (up 100% from FY 2021). Profit margin: 8.7% (up from 4.9% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Telecom industry in Germany. Buying Opportunity • Feb 18
Now 22% undervalued Over the last 90 days, the stock is up 12%. The fair value is estimated to be €48.97, 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. Meanwhile, the company has become profitable. Revenue is forecast to decline by 9.9% in 2 years. Earnings is forecast to decline by 66% in the next 2 years. Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to €42.00, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 16x in the Telecom industry in Germany. Total returns to shareholders of 517% over the past three years. Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment improved over the past week After last week's 18% share price gain to €37.80, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 15x in the Telecom industry in Germany. Total returns to shareholders of 514% over the past three years. Reported Earnings • Aug 18
Second quarter 2022 earnings released: EPS: €3.57 (vs €0.27 in 2Q 2021) Second quarter 2022 results: EPS: €3.57 (up from €0.27 in 2Q 2021). Revenue: €47.4m (up 122% from 2Q 2021). Net income: €12.5m (up €11.6m from 2Q 2021). Profit margin: 27% (up from 4.5% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 9.5% compared to a 2.0% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 127% per year but the company’s share price has only increased by 63% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 04
Upcoming dividend of €2.25 per share Eligible shareholders must have bought the stock before 11 July 2022. Payment date: 13 July 2022. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (3.4%). Reported Earnings • May 12
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: EPS: €0.37 (up from €0.25 in 1Q 2021). Revenue: €27.6m (up 34% from 1Q 2021). Net income: €1.28m (up 45% from 1Q 2021). Profit margin: 4.7% (up from 4.3% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Over the next year, revenue is forecast to stay flat compared to a 2.8% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has only increased by 53% per year, which means it is significantly lagging earnings growth. Price Target Changed • Apr 27
Price target increased to €41.60 Up from €36.90, the current price target is an average from 2 analysts. New target price is 46% above last closing price of €28.50. Stock is up 118% over the past year. The company is forecast to post earnings per share of €1.83 for next year compared to €1.36 last year. Reported Earnings • Mar 13
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: €1.36 (up from €0.28 in FY 2020). Revenue: €97.6m (down 1.0% from FY 2020). Net income: €4.78m (up 378% from FY 2020). Profit margin: 4.9% (up from 1.0% in FY 2020). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Over the next year, revenue is forecast to stay flat compared to a 1.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has only increased by 49% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 26
Investor sentiment deteriorated over the past week After last week's 22% share price decline to €27.60, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 17x in the Telecom industry in Germany. Total returns to shareholders of 221% over the past three years. Valuation Update With 7 Day Price Move • Dec 15
Investor sentiment improved over the past week After last week's 18% share price gain to €34.80, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 20x in the Telecom industry in Germany. Total returns to shareholders of 392% over the past three years. Reported Earnings • Nov 11
Third quarter 2021 earnings released: EPS €0.39 (vs €0.05 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: €24.8m (down 6.6% from 3Q 2020). Net income: €1.37m (up €1.19m from 3Q 2020). Profit margin: 5.5% (up from 0.7% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 53% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment improved over the past week After last week's 23% share price gain to €29.80, the stock trades at a trailing P/E ratio of 37.7x. Average forward P/E is 18x in the Telecom industry in Germany. Total returns to shareholders of 279% over the past three years. Valuation Update With 7 Day Price Move • Sep 15
Investor sentiment improved over the past week After last week's 17% share price gain to €24.80, the stock trades at a trailing P/E ratio of 30.9x. Average forward P/E is 17x in the Telecom industry in Germany. Total returns to shareholders of 206% over the past three years. Reported Earnings • Aug 06
Second quarter 2021 earnings released: EPS €0.27 (vs €0.009 loss in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: €21.4m (down 7.2% from 2Q 2020). Net income: €950.7k (up €982.7k from 2Q 2020). Profit margin: 4.4% (up from net loss in 2Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment improved over the past week After last week's 22% share price gain to €21.20, the stock trades at a trailing P/E ratio of 38.9x. Average forward P/E is 18x in the Telecom industry in Germany. Total returns to shareholders of 170% over the past three years. Upcoming Dividend • Jul 02
Upcoming dividend of €0.14 per share Eligible shareholders must have bought the stock before 09 July 2021. Payment date: 13 July 2021. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (3.4%). Reported Earnings • May 16
First quarter 2021 earnings released: EPS €0.25 (vs €0.02 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €20.7m (up 4.8% from 1Q 2020). Net income: €884.7k (up €831.7k from 1Q 2020). Profit margin: 4.3% (up from 0.3% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 13
Full year 2020 earnings released: EPS €0.28 (vs €0.047 loss in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €99.1m (up 19% from FY 2019). Net income: €1.00m (up €1.17m from FY 2019). Profit margin: 1.0% (up from net loss in FY 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 11
New 90-day high: €11.30 The company is up 56% from its price of €7.25 on 13 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Telecom industry, which is flat over the same period. Is New 90 Day High Low • Dec 18
New 90-day high: €10.90 The company is up 48% from its price of €7.35 on 18 September 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Telecom industry, which is down 1.0% over the same period. Is New 90 Day High Low • Dec 03
New 90-day high: €7.85 The company is up 5.0% from its price of €7.45 on 04 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Telecom industry, which is down 3.0% over the same period. Reported Earnings • Nov 15
Third quarter 2020 earnings released: EPS €0.05 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: €26.6m (up 27% from 3Q 2019). Net income: €178.6k (up €381.7k from 3Q 2019). Profit margin: 0.7% (up from net loss in 3Q 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 76% 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. Is New 90 Day High Low • Oct 13
New 90-day low: €6.55 The company is down 4.0% from its price of €6.85 on 15 July 2020. The German market is up 4.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Telecom industry, which is down 6.0% over the same period.