Reported Earnings • Jun 11
Full year 2026 earnings released: €1.11 loss per share (vs €1.86 profit in FY 2025) Full year 2026 results: €1.11 loss per share (down from €1.86 profit in FY 2025). Revenue: €1.79b (up 13% from FY 2025). Net loss: €25.6m (down 135% from profit in FY 2025). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 67% per year, which means it is tracking significantly ahead of earnings growth. New Risk • May 22
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 British stocks, typically moving 12% 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 Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (12% average weekly change). Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to €131, the stock trades at a forward P/E ratio of 59x. Average forward P/E is 20x in the Electronic industry in the United Kingdom. Total returns to shareholders of 355% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €215 per share. Valuation Update With 7 Day Price Move • May 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €101, the stock trades at a forward P/E ratio of 57x. Average forward P/E is 20x in the Electronic industry in the United Kingdom. Total returns to shareholders of 266% over the past three years. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €68.60, the stock trades at a forward P/E ratio of 59x. Average forward P/E is 21x in the Electronic industry in the United Kingdom. Total returns to shareholders of 152% over the past three years. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €46.00, the stock trades at a forward P/E ratio of 281x. Average forward P/E is 21x in the Electronic industry in the United Kingdom. Total returns to shareholders of 47% over the past three years. Buy Or Sell Opportunity • Feb 19
Now 20% undervalued Over the last 90 days, the stock has risen 91% to €51.13. The fair value is estimated to be €64.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.0% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings are also forecast to grow by 35% per annum over the same time period. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to €49.78, the stock trades at a trailing P/E ratio of 27.5x. Average forward P/E is 19x in the Electronic industry in the United Kingdom. Total returns to shareholders of 68% over the past three years. Aankondiging • Dec 09
AT & S Austria Technologie & Systemtechnik Aktiengesellschaft, Annual General Meeting, Jul 09, 2026 AT & S Austria Technologie & Systemtechnik Aktiengesellschaft, Annual General Meeting, Jul 09, 2026. Valuation Update With 7 Day Price Move • Nov 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €31.88, the stock trades at a trailing P/E ratio of 17.5x. Average forward P/E is 20x in the Electronic industry in the United Kingdom. Total loss to shareholders of 9.3% over the past three years. Reported Earnings • Nov 10
Second quarter 2026 earnings released: €0.31 loss per share (vs €0.85 loss in 2Q 2025) Second quarter 2026 results: €0.31 loss per share (improved from €0.85 loss in 2Q 2025). Revenue: €447.4m (flat on 2Q 2025). Net loss: €12.0m (loss narrowed 64% from 2Q 2025). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €25.48, the stock trades at a trailing P/E ratio of 19.9x. Average forward P/E is 19x in the Electronic industry in the United Kingdom. Total loss to shareholders of 23% over the past three years. Valuation Update With 7 Day Price Move • Sep 18
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €21.83, the stock trades at a trailing P/E ratio of 17x. Average forward P/E is 21x in the Electronic industry in the United Kingdom. Total loss to shareholders of 36% over the past three years. New Risk • Aug 05
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.5x 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 (2.5x net interest cover). Minor Risk Share price has been volatile over the past 3 months (8.7% average weekly change). Reported Earnings • Aug 03
First quarter 2026 earnings released: €1.44 loss per share (vs €0.99 loss in 1Q 2025) First quarter 2026 results: €1.44 loss per share (further deteriorated from €0.99 loss in 1Q 2025). Revenue: €398.9m (up 14% from 1Q 2025). Net loss: €55.9m (loss widened 46% from 1Q 2025). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. New Risk • Jul 31
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 British stocks, typically moving 6.3% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (27% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.3% average weekly change). Valuation Update With 7 Day Price Move • Jul 31
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €17.94, the stock trades at a trailing P/E ratio of 9.5x. Average forward P/E is 20x in the Electronic industry in the United Kingdom. Total loss to shareholders of 61% over the past three years. Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €19.90, the stock trades at a trailing P/E ratio of 10.8x. Average forward P/E is 20x in the Electronic industry in the United Kingdom. Total loss to shareholders of 54% over the past three years. Reported Earnings • Jun 09
Full year 2025 earnings released: EPS: €1.86 (vs €1.40 loss in FY 2024) Full year 2025 results: EPS: €1.86 (up from €1.40 loss in FY 2024). Revenue: €1.59b (up 2.6% from FY 2024). Net income: €72.2m (up €126.4m from FY 2024). Profit margin: 4.5% (up from net loss in FY 2024). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. New Risk • May 16
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 21% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Interest payments are not well covered by earnings (2.2x net interest cover). Earnings are forecast to decline by an average of 21% per year for the foreseeable future. High level of non-cash earnings (25% accrual ratio). New Risk • Mar 09
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 British stocks, typically moving 10% 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 Debt is not well covered by operating cash flow (6.7% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (10% average weekly change). Aankondiging • Feb 27
At & S Austria Technologie & Systemtechnik Aktiengesellschaft Appoints Dr. Michael Mertin as Ceo, Effective May 1, 2025 AT & S Austria Technologie & Systemtechnik Aktiengesellschaft announced appointment of Dr. Michael Mertin as member of the Management Board and Chief Executive Officer (CEO) of the company with effect from May 1, 2025 and a term of three years. He will succeed Andreas Gerstenmayer, who stepped down from this position as of October 1, 2024. Dr. Michael Mertin studied physics at RWTH Aachen and subsequently earned a PhD in laser material processing and surface technology at the Fraunhofer Institute for Laser Technology (FHG-ILT). Following a ten-year career at Carl Zeiss, Dr. Mertin joined JENOPTIK AG as CTO/COO and served as CEO from July 2007 until 2017. Until Feb. 26, 2025, he has been active as an independent consultant at Dr.-Ing. Michael Mertin Management Consulting focusing on private equity and M&A, and carried out numerous acquisition and divestment projects. Furthermore, Dr. Mertin was President of the European technology platform Photonics 21, which designs the high-tech agenda of the EU in cooperation with the European Commission. He was also Chairman of the University Council of the Illmenau University of Technology and is an advisory board member of HDI Insurance Group and Deutsche Bank AG. Dr. Michael Mertin held several senior management functions over the past decades, including the position of CEO of JENOPTIK AG for ten years. Reported Earnings • Feb 06
Third quarter 2025 earnings released: €0.95 loss per share (vs €1.19 loss in 3Q 2024) Third quarter 2025 results: €0.95 loss per share (improved from €1.19 loss in 3Q 2024). Revenue: €396.8m (up 1.4% from 3Q 2024). Net loss: €37.0m (loss narrowed 20% from 3Q 2024). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. New Risk • Dec 02
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 British stocks, typically moving 6.9% 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 Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (6.9% average weekly change). Reported Earnings • Nov 06
Second quarter 2025 earnings released: €0.85 loss per share (vs €1.20 profit in 2Q 2024) Second quarter 2025 results: €0.85 loss per share (down from €1.20 profit in 2Q 2024). Revenue: €450.5m (flat on 2Q 2024). Net loss: €33.1m (down 171% from profit in 2Q 2024). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. Aankondiging • Sep 24
SO.MA.CI.S. S.p.A. agreed to acquire At&S Korea Co. Ltd from AT & S Austria Technologie & Systemtechnik Aktiengesellschaft (WBAG:ATS) for €400 million. SO.MA.CI.S. S.p.A. agreed to acquire At&S Korea Co. Ltd from AT & S Austria Technologie & Systemtechnik Aktiengesellschaft (WBAG:ATS) for €400 million on September 23, 2024. A cash consideration of €405 million will be paid by SO.MA.CI.S. S.p.A. As part of consideration, €405 million is paid towards common equity of At&S Korea Co. Ltd. Reported Earnings • Aug 02
First quarter 2025 earnings released: €0.88 loss per share (vs €0.18 loss in 1Q 2024) First quarter 2025 results: €0.88 loss per share (further deteriorated from €0.18 loss in 1Q 2024). Revenue: €349.4m (down 3.4% from 1Q 2024). Net loss: €34.0m (loss widened 397% from 1Q 2024). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Reported Earnings • Jun 09
Full year 2024 earnings released: €1.40 loss per share (vs €3.03 profit in FY 2023) Full year 2024 results: €1.40 loss per share (down from €3.03 profit in FY 2023). Revenue: €1.55b (down 14% from FY 2023). Net loss: €54.2m (down 146% from profit in FY 2023). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. New Risk • May 16
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.3x 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. This is currently the only risk that has been identified for the company. Reported Earnings • Feb 04
Third quarter 2024 earnings released: €1.07 loss per share (vs €0.20 loss in 3Q 2023) Third quarter 2024 results: €1.07 loss per share (further deteriorated from €0.20 loss in 3Q 2023). Revenue: €391.2m (down 6.7% from 3Q 2023). Net loss: €41.7m (loss widened 440% from 3Q 2023). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 7% per year. Aankondiging • Jan 21
AT & S Austria Technologie & Systemtechnik Aktiengesellschaft Revises Earnings Guidance for the Financial Year 2023/24 AT & S Austria Technologie & Systemtechnik Aktiengesellschaft revised earnings guidance for the financial year 2023/24. The company has adjusted its revenue forecast for the current financial year 2023/24 due to lower demand caused by high inventory levels, particularly for servers, as well as an unfavourable product mix and increased price pressure. The company expects to generate annual revenue of around €1.6 billion in the financial year 2023/24 (previously: between €1.7 and €1.9 billion). New Risk • Dec 01
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 British 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 (1.6x net interest cover). Minor Risk Share price has been volatile over the past 3 months (7.5% average weekly change). Reported Earnings • Nov 04
Second quarter 2024 earnings released: EPS: €1.31 (vs €3.17 in 2Q 2023) Second quarter 2024 results: EPS: €1.31 (down from €3.17 in 2Q 2023). Revenue: €452.2m (down 20% from 2Q 2023). Net income: €51.0m (down 59% from 2Q 2023). Profit margin: 11% (down from 22% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. New Risk • Aug 03
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.6x 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 Risks Interest payments are not well covered by earnings (1.6x net interest cover). High level of non-cash earnings (34% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (1.2% net profit margin). Reported Earnings • Aug 02
First quarter 2024 earnings released: €0.18 loss per share (vs €2.35 profit in 1Q 2023) First quarter 2024 results: €0.18 loss per share (down from €2.35 profit in 1Q 2023). Revenue: €361.7m (down 28% from 1Q 2023). Net loss: €6.84m (down 108% from profit in 1Q 2023). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 18
Upcoming dividend of €0.40 per share at 1.3% yield Eligible shareholders must have bought the stock before 25 July 2023. Payment date: 27 July 2023. Payout ratio is a comfortable 13% but the company is not cash flow positive. Trailing yield: 1.3%. Lower than top quartile of British dividend payers (6.1%). Lower than average of industry peers (1.5%). Reported Earnings • Jun 10
Full year 2023 earnings released: EPS: €3.03 (vs €2.39 in FY 2022) Full year 2023 results: EPS: €3.03 (up from €2.39 in FY 2022). Revenue: €1.79b (up 13% from FY 2022). Net income: €117.9m (up 27% from FY 2022). Profit margin: 6.6% (up from 5.8% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Aankondiging • May 12
AT & S Austria Technologie & Systemtechnik Aktiengesellschaft Proposes the Distribution of Dividend for the Financial Year 2022/23 AT & S Austria Technologie & Systemtechnik Aktiengesellschaft's Management Board to propose a dividend of EUR 0.40 per share (Previous Year: EUR 0.78 per share and special dividend of EUR 0.12 per share) for the financial year 2022/23 to the 29th Annual General Meeting on July 6, 2023. Reported Earnings • Feb 07
Third quarter 2023 earnings released: €0.077 loss per share (vs €1.06 profit in 3Q 2022) Third quarter 2023 results: €0.077 loss per share (down from €1.06 profit in 3Q 2022). Revenue: €419.1m (down 6.7% from 3Q 2022). Net loss: €3.00m (down 107% from profit in 3Q 2022). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Aankondiging • Feb 02
AT & S Austria Technologie & Systemtechnik Aktiengesellschaft Revises Earnings Guidance for the Financial Year 2022-2023 AT & S Austria Technologie & Systemtechnik Aktiengesellschaft revised earnings guidance for the financial year 2022-2023. For the year, due to weak demand, especially in the market for IC substrates, the company expects to generate annual revenues of around €1.8 billion against previous guidance of around €2.1 billion. Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment improved over the past week After last week's 19% share price gain to €36.05, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 20x in the Electronic industry in the United Kingdom. Total returns to shareholders of 122% over the past three years. Reported Earnings • Nov 05
Second quarter 2023 earnings released: EPS: €3.17 (vs €0.55 in 2Q 2022) Second quarter 2023 results: EPS: €3.17 (up from €0.55 in 2Q 2022). Revenue: €567.5m (up 49% from 2Q 2022). Net income: €123.3m (up 475% from 2Q 2022). Profit margin: 22% (up from 5.6% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 04
First quarter 2023 earnings released: EPS: €2.35 (vs €0.19 loss in 1Q 2022) First quarter 2023 results: EPS: €2.35 (up from €0.19 loss in 1Q 2022). Revenue: €502.6m (up 58% from 1Q 2022). Net income: €91.3m (up €98.7m from 1Q 2022). Profit margin: 18% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 29%, compared to a 9.3% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improved over the past week After last week's 15% share price gain to €49.10, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 22x in the Electronic industry in the United Kingdom. Total returns to shareholders of 238% over the past three years. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment deteriorated over the past week After last week's 18% share price decline to €44.80, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 23x in the Electronic industry in the United Kingdom. Total returns to shareholders of 214% over the past three years. Reported Earnings • May 19
Full year 2022 earnings released: EPS: €2.39 (vs €1.01 in FY 2021) Full year 2022 results: EPS: €2.39 (up from €1.01 in FY 2021). Revenue: €1.59b (up 34% from FY 2021). Net income: €92.8m (up 137% from FY 2021). Profit margin: 5.8% (up from 3.3% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 17%, compared to a 8.3% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 18
Investor sentiment improved over the past week After last week's 18% share price gain to €53.10, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 24x in the Electronic industry in the United Kingdom. Total returns to shareholders of 250% 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 19% share price gain to €51.60, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 24x in the Electronic industry in the United Kingdom. Total returns to shareholders of 259% over the past three years. Reported Earnings • Feb 05
Third quarter 2022 earnings: Revenues exceed analyst expectations Third quarter 2022 results: Revenue: €449.0m (up 30% from 3Q 2021). Net income: €47.4m (up 131% from 3Q 2021). Profit margin: 11% (up from 5.9% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.3%. Over the next year, revenue is forecast to grow 8.1%, compared to a 5.8% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has increased by 40% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment improved over the past week After last week's 18% share price gain to €46.24, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 27x in the Electronic industry in the United Kingdom. Total returns to shareholders of 195% over the past three years. Reported Earnings • Nov 06
Second quarter 2022 earnings released: EPS €0.55 (vs €0.52 in 2Q 2021) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2022 results: Revenue: €379.9m (up 31% from 2Q 2021). Net income: €21.5m (up 7.3% from 2Q 2021). Profit margin: 5.7% (down from 6.9% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improved over the past week After last week's 22% share price gain to €39.58, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 30x in the Electronic industry in the United Kingdom. Total returns to shareholders of 105% over the past three years. Reported Earnings • Aug 08
First quarter 2022 earnings released: €0.19 loss per share (vs €0.26 loss in 1Q 2021) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2022 results: Revenue: €317.7m (up 28% from 1Q 2021). Net loss: €7.35m (loss narrowed 26% from 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Upcoming Dividend • Jul 20
Upcoming dividend of €0.39 per share Eligible shareholders must have bought the stock before 27 July 2021. Payment date: 29 July 2021. Trailing yield: 1.0%. Lower than top quartile of British dividend payers (4.0%). In line with average of industry peers (1.0%). Reported Earnings • Jun 13
Full year 2021 earnings released: EPS €1.01 (vs €0.30 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: €1.19b (up 19% from FY 2020). Net income: €39.1m (up 240% from FY 2020). Profit margin: 3.3% (up from 1.1% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improved over the past week After last week's 19% share price gain to €34.85, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 36x in the Electronic industry in the United Kingdom. Total returns to shareholders of 106% over the past three years. Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment improved over the past week After last week's 19% share price gain to €30.20, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 38x in the Electronic industry in the United Kingdom. Total returns to shareholders of 47% over the past three years. Reported Earnings • Feb 06
Third quarter 2021 earnings released: EPS €0.53 (vs €0.092 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €346.0m (up 32% from 3Q 2020). Net income: €20.5m (up 474% from 3Q 2020). Profit margin: 5.9% (up from 1.4% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 47% 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 • Jan 21
New 90-day high: €28.20 The company is up 73% from its price of €16.26 on 23 October 2020. The British market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €155 per share. Is New 90 Day High Low • Dec 29
New 90-day high: €24.02 The company is up 50% from its price of €16.04 on 30 September 2020. The British market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €139 per share. Is New 90 Day High Low • Dec 09
New 90-day high: €21.20 The company is up 30% from its price of €16.32 on 10 September 2020. The British market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €72.85 per share. Reported Earnings • Nov 06
Second quarter 2021 earnings released: EPS €0.57 The company reported a soft second quarter result with weaker earnings and profit margins, although revenues were improved. Second quarter 2021 results: Revenue: €289.9m (up 8.3% from 2Q 2020). Net income: €22.1m (down 6.4% from 2Q 2020). Profit margin: 7.6% (down from 8.8% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Nov 05
Market bids up stock over the past week After last week's 16% share price gain to €17.96, the stock is trading at a trailing P/E ratio of 58.1x, up from the previous P/E ratio of 50.2x. This compares to an average P/E of 29x in the Electronic industry in the United Kingdom. Total return to shareholders over the past three years is a loss of 6.6%. Is New 90 Day High Low • Oct 30
New 90-day low: €15.11 The company is down 6.0% from its price of €16.06 on 31 July 2020. The British market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €60.47 per share. 
