New Risk • Jun 03
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 18% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 28% per year over the past 5 years. Revenue is less than US$1m (€756k revenue, or US$879k). Minor Risks Profit margins are more than 30% lower than last year (104% net profit margin). Market cap is less than US$100m (€68.2m market cap, or US$79.3m). Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to €398, the stock trades at a trailing P/E ratio of 69x. Average trailing P/E is 16x in the Shipping industry in Europe. Total returns to shareholders of 57% over the past three years. New Risk • May 26
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: 104% Last year net profit margin: 7,876% 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 Earnings have declined by 28% per year over the past 5 years. Revenue is less than US$1m (€756k revenue, or US$879k). Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Profit margins are more than 30% lower than last year (104% net profit margin). Market cap is less than US$100m (€44.2m market cap, or US$51.4m). Reported Earnings • May 26
Full year 2025 earnings released Full year 2025 results: Net income: €786.5k (down 85% from FY 2024). Aankondiging • May 25
HAMMONIA Schiffsholding AG, Annual General Meeting, Jul 02, 2026 HAMMONIA Schiffsholding AG, Annual General Meeting, Jul 02, 2026, at 10:00 W. Europe Standard Time. New Risk • Apr 07
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 Risks Earnings have declined by 12% per year over the past 5 years. Revenue is less than US$1m (€58k revenue, or US$67k). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Share price has been volatile over the past 3 months (8.8% average weekly change). Market cap is less than US$100m (€46.1m market cap, or US$53.2m). Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €334, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 13x in the Shipping industry in Europe. Total returns to shareholders of 26% over the past three years. New Risk • Dec 31
New major risk - Revenue and earnings growth Earnings have declined by 12% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 12% per year over the past 5 years. Revenue is less than US$1m (€58k revenue, or US$68k). Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Market cap is less than US$100m (€47.2m market cap, or US$55.4m). New Risk • Dec 23
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 7.7% 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 Revenue is less than US$1m (€58k revenue, or US$69k). Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Market cap is less than US$100m (€42.6m market cap, or US$50.1m). New Risk • Sep 22
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: 1,020% Last year net profit margin: 6,088% 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 Revenue is less than US$1m (€386k revenue, or US$455k). Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Profit margins are more than 30% lower than last year (1,020% net profit margin). Market cap is less than US$100m (€35.5m market cap, or US$41.8m). New Risk • Jun 10
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 8.4% 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 Revenue is less than US$1m (€65k revenue, or US$74k). Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Market cap is less than US$100m (€37.9m market cap, or US$43.3m). Aankondiging • May 27
HAMMONIA Schiffsholding AG, Annual General Meeting, Jul 04, 2025 HAMMONIA Schiffsholding AG, Annual General Meeting, Jul 04, 2025, at 10:00 W. Europe Standard Time. New Risk • May 23
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended December 2023. This is considered a major 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. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported December 2023 fiscal period end). Revenue is less than US$1m (€102k revenue, or US$115k). Minor Risks Profit margins are more than 30% lower than last year (3,831% net profit margin). Market cap is less than US$100m (€37.9m market cap, or US$43.0m). New Risk • Oct 02
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 8.5% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.5% average weekly change). High level of non-cash earnings (46% accrual ratio). Revenue is less than US$1m (€86k revenue, or US$91k). Minor Risks Profit margins are more than 30% lower than last year (21,599% net profit margin). Market cap is less than US$100m (€35.5m market cap, or US$37.5m). New Risk • Aug 07
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: Major Risks High level of non-cash earnings (46% accrual ratio). Revenue is less than US$1m (€86k revenue, or US$95k). Minor Risks Share price has been volatile over the past 3 months (9.3% average weekly change). Profit margins are more than 30% lower than last year (21,599% net profit margin). Market cap is less than US$100m (€36.8m market cap, or US$40.5m). New Risk • Jun 25
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 46% 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 High level of non-cash earnings (46% accrual ratio). Revenue is less than US$1m (€86k revenue, or US$94k). Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Profit margins are more than 30% lower than last year (21,599% net profit margin). Market cap is less than US$100m (€34.1m market cap, or US$37.1m). Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment improved over the past week After last week's 17% share price gain to €310, the stock trades at a trailing P/E ratio of 26.3x. Average trailing P/E is 10x in the Shipping industry in Europe. Total returns to shareholders of 900% over the past three years. Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment improved over the past week After last week's 15% share price gain to €288, the stock trades at a trailing P/E ratio of 24.4x. Average trailing P/E is 8x in the Shipping industry in Europe. Total returns to shareholders of 658% over the past three years. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improved over the past week After last week's 15% share price gain to €290, the stock trades at a trailing P/E ratio of 24.6x. Average trailing P/E is 8x in the Shipping industry in Europe. Total returns to shareholders of 625% over the past three years. Valuation Update With 7 Day Price Move • May 02
Investor sentiment improved over the past week After last week's 19% share price gain to €310, the stock trades at a trailing P/E ratio of 26.3x. Average trailing P/E is 8x in the Shipping industry in Europe. Total returns to shareholders of 679% over the past three years. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €234, the stock trades at a trailing P/E ratio of 19.8x. Average trailing P/E is 11x in the Shipping industry in Europe. Total returns to shareholders of 565% over the past three years. Valuation Update With 7 Day Price Move • Dec 24
Investor sentiment improved over the past week After last week's 19% share price gain to €240, the stock trades at a trailing P/E ratio of 20.3x. Average trailing P/E is 9x in the Shipping industry in Europe. Total returns to shareholders of 382% over the past three years. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improved over the past week After last week's 18% share price gain to €220, the stock trades at a trailing P/E ratio of 18.6x. Average trailing P/E is 8x in the Shipping industry in Europe. Total returns to shareholders of 378% over the past three years. Valuation Update With 7 Day Price Move • Oct 20
Investor sentiment improved over the past week After last week's 16% share price gain to €190, the stock trades at a trailing P/E ratio of 16.1x. Average trailing P/E is 14x in the Shipping industry in Europe. Total returns to shareholders of 375% over the past three years. Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €156, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 13x in the Shipping industry in Europe. Total returns to shareholders of 359% 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 18% share price gain to €125, the stock trades at a trailing P/E ratio of 13.6x. Average trailing P/E is 13x in the Shipping industry in Europe. Total returns to shareholders of 381% over the past three years. Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment improved over the past week After last week's 21% share price gain to €110, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 19x in the Shipping industry in Europe. Total returns to shareholders of 267% over the past three years. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improved over the past week After last week's 18% share price gain to €93.50, the stock trades at a trailing P/E ratio of 6.1x. Average trailing P/E is 20x in the Shipping industry in Europe. Total returns to shareholders of 153% over the past three years. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment improved over the past week After last week's 18% share price gain to €90.50, the stock trades at a trailing P/E ratio of 5.9x. Average trailing P/E is 18x in the Shipping industry in Europe. Total returns to shareholders of 248% over the past three years. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improved over the past week After last week's 22% share price gain to €84.50, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 19x in the Shipping industry in Europe. Total returns to shareholders of 526% over the past three years. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improved over the past week After last week's 24% share price gain to €69.50, the stock is trading at a trailing P/E ratio of 4.6x, up from the previous P/E ratio of 3.7x. This compares to an average P/E of 16x in the Shipping industry in Europe. Total returns to shareholders over the past three years are 456%. Is New 90 Day High Low • Feb 06
New 90-day high: €57.00 The company is up 104% from its price of €28.00 on 06 November 2020. The German market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Shipping industry, which is up 24% over the same period. Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment improved over the past week After last week's 24% share price gain to €57.00, the stock is trading at a trailing P/E ratio of 3.7x, up from the previous P/E ratio of 3x. This compares to an average P/E of 20x in the Shipping industry in Europe. Total returns to shareholders over the past three years are 280%. Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment improved over the past week After last week's 22% share price gain to €52.50, the stock is trading at a trailing P/E ratio of 3.4x, up from the previous P/E ratio of 2.8x. This compares to an average P/E of 21x in the Shipping industry in Europe. Total returns to shareholders over the past three years are 200%. Is New 90 Day High Low • Jan 18
New 90-day high: €52.50 The company is up 90% from its price of €27.60 on 20 October 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Shipping industry, which is up 34% over the same period. Is New 90 Day High Low • Nov 25
New 90-day high: €35.00 The company is up 27% from its price of €27.60 on 27 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 Shipping industry, which is up 23% over the same period. Is New 90 Day High Low • Oct 30
New 90-day high: €29.20 The company is up 2.0% from its price of €28.60 on 31 July 2020. The German market is down 4.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Shipping industry, which is up 18% over the same period. 