Aankondiging • May 18
Deufol SE, Annual General Meeting, Jun 30, 2026 Deufol SE, Annual General Meeting, Jun 30, 2026, at 10:00 W. Europe Standard Time. New Risk • May 18
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 90% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. 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. Large one-off items impacting financial results. Market cap is less than US$100m (€37.4m market cap, or US$43.4m). Reported Earnings • May 05
Full year 2025 earnings released: EPS: €0.33 (vs €0.46 in FY 2024) Full year 2025 results: EPS: €0.33 (down from €0.46 in FY 2024). Revenue: €318.9m (up 2.7% from FY 2024). Net income: €2.77m (down 29% from FY 2024). Profit margin: 0.9% (down from 1.3% in FY 2024). The decrease in margin was driven by higher expenses. 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 6% per year, which means it has not declined as severely as earnings. New Risk • May 05
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: 0.9% Last year net profit margin: 1.3% 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 Risk Interest payments are not well covered by earnings (1.9x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (0.9% net profit margin). Market cap is less than US$100m (€37.2m market cap, or US$43.6m). New Risk • Mar 17
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. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.9x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (€39.9m market cap, or US$46.0m). Reported Earnings • Sep 03
First half 2025 earnings released: EPS: €0.16 (vs €0.23 in 1H 2024) First half 2025 results: EPS: €0.16 (down from €0.23 in 1H 2024). Revenue: €155.6m (flat on 1H 2024). Net income: €1.35m (down 30% from 1H 2024). Profit margin: 0.9% (down from 1.2% in 1H 2024). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Upcoming Dividend • Jun 20
Upcoming dividend of €0.30 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 01 July 2025. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 5.2%. Within top quartile of German dividend payers (4.4%). Higher than average of industry peers (2.6%). Declared Dividend • May 18
Dividend of €0.30 announced Shareholders will receive a dividend of €0.30. Ex-date: 27th June 2025 Payment date: 1st July 2025 Dividend yield will be 5.2%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by both earnings (65% earnings payout ratio) and cash flows (14% cash payout ratio). The dividend has remained flat since 7 years ago. However, payments have been volatile during that time. Earnings per share has grown by 6.0% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Aankondiging • May 16
Deufol SE, Annual General Meeting, Jun 26, 2025 Deufol SE, Annual General Meeting, Jun 26, 2025, at 10:00 W. Europe Standard Time. New Risk • May 04
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 21% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. 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 (9.5% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.3% net profit margin). Market cap is less than US$100m (€51.0m market cap, or US$57.6m). Aankondiging • May 02
Deufol SE Proposes Dividend for the 2024 Financial Year Deufol SE proposed that the net retained profit for the 2024 financial year, amounting to 13.8 million euros, be used to distribute a dividend of 0.30 euros per dividend-entitled share. New Risk • Mar 16
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. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.5x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (8.2% average weekly change). Market cap is less than US$100m (€46.8m market cap, or US$51.0m). New Risk • Feb 17
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 7.5% 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: Major Risk Interest payments are not well covered by earnings (0.5x net interest cover). Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (7.5% average weekly change). Market cap is less than US$100m (€51.1m market cap, or US$53.5m). New Risk • Nov 07
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 7.3% 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: Major Risk Interest payments are not well covered by earnings (0.5x net interest cover). Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (7.3% average weekly change). Market cap is less than US$100m (€45.1m market cap, or US$48.5m). New Risk • Sep 16
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€50.4m market cap, or US$56.1m). New Risk • Sep 01
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.5x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.5x net interest cover). Minor Risks Paying a dividend despite being loss-making. Market cap is less than US$100m (€54.5m market cap, or US$60.2m). Buy Or Sell Opportunity • Jul 02
Now 16% overvalued after recent price rise Over the last 90 days, the stock has risen 3.6% to €1.43. The fair value is estimated to be €1.23, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 82%. Upcoming Dividend • Jun 21
Upcoming dividend of €0.10 per share Eligible shareholders must have bought the stock before 28 June 2024. Payment date: 02 July 2024. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.1%). Buy Or Sell Opportunity • Jun 19
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to €1.49. The fair value is estimated to be €1.24, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 82%. Buy Or Sell Opportunity • Jun 10
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 9.6% to €1.49. The fair value is estimated to be €1.24, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 82%. Buy Or Sell Opportunity • May 06
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 4.3% to €1.46. The fair value is estimated to be €1.18, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 82%. New Risk • Apr 30
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.7x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.7x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€61.9m market cap, or US$66.1m). Reported Earnings • Apr 30
Full year 2023 earnings released: EPS: €0.15 (vs €0.15 in FY 2022) Full year 2023 results: EPS: €0.15 (up from €0.15 in FY 2022). Revenue: €312.0m (up 15% from FY 2022). Net income: €6.55m (up 1.3% from FY 2022). Profit margin: 2.1% (down from 2.4% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. New Risk • Mar 17
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 High level of debt (48% net debt to equity). 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. Market cap is less than US$100m (€58.4m market cap, or US$63.6m). Reported Earnings • Sep 01
First half 2023 earnings released: EPS: €0.28 (vs €0.068 in 1H 2022) First half 2023 results: EPS: €0.28 (up from €0.068 in 1H 2022). Revenue: €144.4m (up 11% from 1H 2022). Net income: €12.2m (up 316% from 1H 2022). Profit margin: 8.4% (up from 2.3% in 1H 2022). The increase in margin was driven by higher revenue. 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 17% per year, which means it is significantly lagging earnings growth. New Risk • Aug 31
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 48% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (48% net debt to equity). 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 (7.3% average weekly change). Market cap is less than US$100m (€64.0m market cap, or US$69.9m). Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to €1.49, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 11x in the Logistics industry in Europe. Total returns to shareholders of 99% over the past three years. Upcoming Dividend • Jun 23
Upcoming dividend of €0.03 per share at 2.5% yield Eligible shareholders must have bought the stock before 30 June 2023. Payment date: 04 July 2023. Trailing yield: 2.5%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.8%). Valuation Update With 7 Day Price Move • May 24
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €1.22, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 11x in the Logistics industry in Europe. Total returns to shareholders of 53% over the past three years. Reported Earnings • Apr 30
Full year 2022 earnings released: EPS: €0.15 (vs €0.03 in FY 2021) Full year 2022 results: EPS: €0.15 (up from €0.03 in FY 2021). Revenue: €271.6m (up 11% from FY 2021). Net income: €6.50m (up 407% from FY 2021). Profit margin: 2.4% (up from 0.5% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to €1.17, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 11x in the Logistics industry in Europe. Total returns to shareholders of 23% over the past three years. Board Change • Nov 29
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. No independent directors (8 non-independent directors). Director Ewald J. Kaiser was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Aankondiging • Aug 30
Deufol SE Announces Difficult to Forecast Optimistic Sales and Earnings Expectations in an Economic Environment Deufol SE announced uncertainty about the COVID 19 pandemic continues to persist in the current year. However, with the outbreak of the Ukraine war and its far-reaching consequences, the pandemic has receded to some extent into the background; as the course of case numbers this summer shows, however, it continues to harbor substantial risks that cannot be assessed due to its ever-new variants. Of considerable importance in this context is the situation in China. In the event of a lockdown, the strict no-COVID policy can lead to considerable restrictions on transport capacities in international sea transport and, as a result, to extreme disruptions in supply chains. Supply chain disruptions have also been exacerbated by the Ukraine war. Although the Deufol Group is not directly affected by the Ukraine war, its impact is increasingly noticeable with the accompanying energy crisis, rising prices in various sectors and manifesting inflation. According to management estimates, the sharp rise in inflation will be reflected in higher wages and salaries, among other things, and will also indirectly lead to higher remuneration for temporary workers, subcontractors and service providers. The company therefore expected a significant increase in personnel expense as early as the 2nd half of 2022. Due to government intervention in the gas price in Germany, the effects in terms of increased energy costs are likely to intensify further and significantly increase other operating expenses in the future. Deufol has already developed an effective instrument to counteract these developments by dynamizing customer prices, not only with regard to raw material prices, and is confident that it will be able to offset the rising cost blocks with rising revenues in the near future. In addition, substantial efforts are being made to reduce energy consumption, cut costs and provide services more efficiently in order to limit cost increases - also in terms of improved sustainability. In connection with the interest rate increases that have already occurred and are expected to continue due to the change in money market policy, Deufol has made provisions for various long-term loans by concluding hedging transactions in the form of interest rate derivatives or by changing variable interest rate agreements into fixed interest rate agreements to hedge the interest rate level. The Management is convinced that the ranges for sales (EUR 220 - EUR 250 million) and EBIT (EUR 7 - EUR 11 million) stated in the annual report can still be regarded as achievable despite the current political and economic environment. Provided the dynamics of the events arising from the COVID 19 pandemic, the Ukraine war, inflation, interest rate rises, the energy crisis and any supply bottlenecks for gas or certain raw materials do not lead to extreme developments, sales and earnings are expected to be at the upper end of the above ranges or even exceed them. Board Change • Apr 27
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. No independent directors (8 non-independent directors). Director Ewald J. Kaiser was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Aankondiging • May 01
Deufol SE (HMSE:DE1) acquired Port of Hamburg. Deufol SE (HMSE:DE1) acquired Port of Hamburg on April 29, 20221. The acquisition is including the Wallmann Terminal.
Deufol SE (HMSE:DE1) completed the acquisition of Port of Hamburg on April 29, 20221. Is New 90 Day High Low • Feb 26
New 90-day high: €0.84 The company is up 2.0% from its price of €0.83 on 27 November 2020. The German market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Logistics industry, which is up 7.0% over the same period. Is New 90 Day High Low • Nov 03
New 90-day low: €0.73 The company is down 5.0% from its price of €0.77 on 05 August 2020. The German market is also down 5.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Logistics industry, which is up 12% over the same period. Is New 90 Day High Low • Oct 13
New 90-day low: €0.75 The company is down 3.0% from its price of €0.77 on 15 July 2020. The German market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Logistics industry, which is up 22% over the same period.