Announcement • Apr 26
Valeo Se Confirms Earnings Guidance for the Year 2026 Valeo SE confirmed earnings guidance for the year 2026. For the period, the company confirms sales guidance of 20 billion to 21 billion. Operating margin is expected to be 4.7% to 5.3%. Declared Dividend • Apr 23
Dividend increased to €0.44 Dividend of €0.44 is 4.8% higher than last year. Ex-date: 26th May 2026 Payment date: 28th May 2026 Dividend yield will be 4.0%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is covered by both earnings (54% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 130% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Declared Dividend • Apr 06
Dividend increased to €0.44 Dividend of €0.44 is 4.8% higher than last year. Ex-date: 26th May 2026 Payment date: 28th May 2026 Dividend yield will be 4.2%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is covered by both earnings (54% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 126% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 02
Full year 2025 earnings released: EPS: €0.82 (vs €0.67 in FY 2024) Full year 2025 results: EPS: €0.82 (up from €0.67 in FY 2024). Revenue: €20.9b (down 2.7% from FY 2024). Net income: €200.0m (up 24% from FY 2024). Profit margin: 1.0% (up from 0.8% in FY 2024). Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Auto Components industry in Europe. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €11.14, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 12x in the Auto Components industry in Europe. Total loss to shareholders of 43% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €22.02 per share. Reported Earnings • Mar 02
Full year 2025 earnings released: EPS: €0.81 (vs €0.67 in FY 2024) Full year 2025 results: EPS: €0.81 (up from €0.67 in FY 2024). Revenue: €20.9b (down 2.7% from FY 2024). Net income: €200.0m (up 24% from FY 2024). Profit margin: 1.0% (up from 0.8% in FY 2024). Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, while revenues in the Auto Components industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Announcement • Mar 01
Valeo SE to Report First Half, 2026 Results on Jul 22, 2026 Valeo SE announced that they will report first half, 2026 results on Jul 22, 2026 Announcement • Feb 17
Valeo and 2CRSi Launch an Outdoor Autonomous Immersion-Cooled Edge Data Center Solution for Indian Telecom Operators Valeo and 2CRSi are advancing their collaboration with a new solution specifically designed for local edge data centers. This project directly addresses the infrastructure challenges driven by nationwide 5G deployment and the rapid expansion of AI applications. Set to be unveiled at the AI Impact Summit in New Delhi, the prototype solution demonstrates both companies' commitment to delivering maintenance-free, energy-efficient, reliable, high-performance Edge AI infrastructure tailored to India's demanding climate conditions and scalable to support the country's long-term digital growth strategy. Building on the partnership initiated in November 2025, Valeo and 2CRSi have reached a new milestone with the development of an autonomous (water-free) immersion-cooled solution engineered for decentralized digital infrastructure. By combining 2CRSi's advanced expertise in server architecture and manufacturing with Valeo's decades of experience in high-efficiency thermal management, system integration, and wide temperature-range operations - developed through its global automotive leadership - the two companies have designed a fully autonomous immersion-cooled edge computing system capable of operating in: Ambient temperatures exceeding 50degC. High humidity conditions. Dust-heavy environments. Flood-prone locations. A Competitive Alternative to Conventional Edge Deployments. Unlike traditional edge infrastructure requiring dedicated buildings, water loops, chillers, and complex maintenance operations, the Valeo-2CRSi solution operates as a compact and standalone unit. The system eliminates water dependency, removes the need for chillers and mechanical cooling systems, reduces infrastructure footprint, and minimizes maintenance requirements. This architecture significantly reduces deployment complexity, lowers both CAPEX and OPEX, and improves Total Cost of Ownership (TCO) for telecom operators and infrastructure providers - a critical factor for large-scale 5G rollouts and distributed AI inference. Its automotive-grade reliability standards provide an additional structural advantage over conventional IT systems not originally engineered for extreme outdoor conditions. To bring this technology to market, the partners will follow a rigorous industrialization roadmap throughout 2026. Sustainability and Environmental Contribution. The solution also responds to growing environmental requirements associated with digital infrastructure expansion: ?? Zero water consumption, eliminating a critical constraint in water-stressed regions;; By replacing traditional air cooling (annualized Power Usage Effectiveness (PUE) ~1.6) with immersion cooling (PUE < 1.1), the system reduces total infrastructure energy consumption by 30-35% translating into annual saving of 6-8MWh for a 1.5 kW IT load operation in outdoor conditions such as Bengaluru. Designed as a compact, standalone unit, the system operates without water loops, chillers, or dedicated buildings. This makes it uniquely suited for India's edge environments, where 5G expansion and AI-driven services require resilient, low-main maintenance infrastructure deployed close to telecom antennas, even in remote, dusty, humid locations. By adapting automotive-grade reliability standards to digital infrastructure, Valeo and 2C RSi are contributing to the development of next-generation edge data centers capable of supporting AI inference, telecom networks, and emerging digital services across India. Announcement • Dec 27
NationGate System Sdn Bhd entered into a Sale and Purchase Agreement to acquire Valeo Malaysia Cda Sdn. Bhd. from Valeo SE (ENXTPA:FR) for MYR 60.9 million. NationGate System Sdn Bhd entered into a Sale and Purchase Agreement to acquire Valeo Malaysia Cda Sdn. Bhd. from Valeo SE (ENXTPA:FR) for MYR 60.9 million on December 24, 2025. A cash consideration of MYR 60.89 million will be paid by NationGate System Sdn Bhd. As part of consideration, MYR 60.89 million is paid towards common equity of Valeo Malaysia Cda Sdn. Bhd. The Acquisition will be fully satisfied in cash, which shall be funded via internally generated funds.
As of April 30, 2025, Valeo Malaysia Cda Sdn. Bhd. reported total common equity of MYR 22.79 million. Announcement • Nov 21
Valeo SE Revises Earnings Guidance for the Year 2025 and Provides Earnings and Production Guidance for the Year 2028 Valeo SE revised earnings guidance for the year 2025 and provided earnings and production guidance for the year 2028. For the year 2025, the company expects sales approximately EUR 20.5 billion and operating margin of 4.5% to 5.5%.
For the year 2028, the company expects sales between EUR 22 billion to EUR 24 billion, an operating margin of 6% -7% and global production of 90.6 million (-3% versus S&P). Valuation Update With 7 Day Price Move • Oct 26
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to €12.13, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Auto Components industry in Europe. Total loss to shareholders of 19% over the past three years. Announcement • Oct 24
Valeo SE to Report Fiscal Year 2025 Results on Feb 26, 2026 Valeo SE announced that they will report fiscal year 2025 results on Feb 26, 2026 Announcement • Oct 11
Majelan SAS acquired gestigon GmbH from Valeo SE (ENXTPA:FR). Majelan SAS acquired gestigon GmbH from Valeo SE (ENXTPA:FR) on October 9, 2025. With the integration of Gestigon will be renamed Majelan X Deutschland.
Majelan SAS completed the acquisition of gestigon GmbH from Valeo SE (ENXTPA:FR) on October 9, 2025. Reported Earnings • Jul 29
First half 2025 earnings released: EPS: €0.43 (vs €0.58 in 1H 2024) First half 2025 results: EPS: €0.43 (down from €0.58 in 1H 2024). Revenue: €10.7b (down 4.1% from 1H 2024). Net income: €104.0m (down 26% from 1H 2024). Profit margin: 1.0% (down from 1.3% in 1H 2024). Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Auto Components industry in Europe. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • May 19
Upcoming dividend of €0.42 per share Eligible shareholders must have bought the stock before 26 May 2025. Payment date: 28 May 2025. Payout ratio is a comfortable 63% and this is well supported by cash flows. Trailing yield: 4.5%. Lower than top quartile of Austrian dividend payers (4.8%). Higher than average of industry peers (3.7%). Declared Dividend • Apr 24
Dividend increased to €0.42 Dividend of €0.42 is 5.0% higher than last year. Ex-date: 26th May 2025 Payment date: 28th May 2025 Dividend yield will be 4.8%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is covered by both earnings (63% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 190% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 24
Valeo SE to Report Q2, 2025 Results on Jul 24, 2025 Valeo SE announced that they will report Q2, 2025 results on Jul 24, 2025 Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €7.98, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 9x in the Auto Components industry in Europe. Total loss to shareholders of 50% over the past three years. Declared Dividend • Apr 02
Dividend increased to €0.42 Dividend of €0.42 is 5.0% higher than last year. Ex-date: 26th May 2025 Payment date: 28th May 2025 Dividend yield will be 5.1%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is covered by both earnings (63% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 196% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Apr 01
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €8.61, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 9x in the Auto Components industry in Europe. Total loss to shareholders of 46% over the past three years. New Risk • Mar 30
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 Austrian stocks, typically moving 8.1% 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 Risk Share price has been highly volatile over the past 3 months (8.1% average weekly change). Minor Risks High level of debt (72% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Announcement • Mar 29
Valeo SE, Annual General Meeting, May 22, 2025 Valeo SE, Annual General Meeting, May 22, 2025. Location: 3 mazarium 3 rue mazarine, paris France New Risk • Mar 03
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 54% 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 High level of debt (72% 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 (6.6% average weekly change). Large one-off items impacting financial results. New Risk • Feb 28
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.4x 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 (2.4x net interest cover). 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 (5.9% average weekly change). Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €9.02, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Auto Components industry in Europe. Total loss to shareholders of 64% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €12.25 per share. Announcement • Oct 24
Valeo SE to Report Fiscal Year 2024 Results on Feb 27, 2025 Valeo SE announced that they will report fiscal year 2024 results on Feb 27, 2025 Announcement • Sep 23
Valeo SE(ENXTPA:FR) dropped from FTSE All-World Index (USD) Valeo SE(ENXTPA:FR) dropped from FTSE All-World Index (USD) Reported Earnings • Jul 29
First half 2024 earnings released: EPS: €0.58 (vs €0.49 in 1H 2023) First half 2024 results: EPS: €0.58 (up from €0.49 in 1H 2023). Revenue: €11.1b (flat on 1H 2023). Net income: €141.0m (up 19% from 1H 2023). Profit margin: 1.3% (up from 1.1% in 1H 2023). Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Auto Components industry in Europe. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. New Risk • Jul 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: 1.1% Last year net profit margin: 1.8% 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 High level of debt (92% 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 (6.0% average weekly change). Profit margins are more than 30% lower than last year (1.1% net profit margin). Announcement • Jul 26
Valeo SE Revises Earnings Guidance for the Year 2024 and Year 2025 Valeo SE revised earnings guidance for the year 2024 and year 2025. For the year 2024, the company expects sales of EUR 22.0 billion against previous guidance of EUR 22.5 billion to EUR 23.5 billion.
For the year 2025, the company expects sales of EUR 23.5 billion to EUR 24.5 billion against previous guidance of EUR 24.5 billion to EUR 25.5 billion. Upcoming Dividend • May 21
Upcoming dividend of €0.40 per share Eligible shareholders must have bought the stock before 28 May 2024. Payment date: 30 May 2024. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Austrian dividend payers (5.7%). In line with average of industry peers (3.3%). Announcement • Apr 28
Valeo SE Reaffirms Sales Guidance for the Years 2024 and 2025 Valeo SE reaffirmed sales guidance for the years 2024 and 2025. For the year 2024, the company expects sales of between EUR 22.5 billion and EUR 23.5 billion.For the year 2025, the company expects sales of between EUR 24.5 billion to EUR 25.5 billion. Previous 2025 objectives (based on automotive production of 98.5 million vehicles) was ~ EUR 27.5 billion . Declared Dividend • Apr 05
Dividend increased to €0.40 Dividend of €0.40 is 5.3% higher than last year. Ex-date: 28th May 2024 Payment date: 30th May 2024 Dividend yield will be 3.3%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 151% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Mar 03
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: Major Risk Share price has been highly volatile over the past 3 months (7.1% average weekly change). Minor Risks High level of debt (79% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • Mar 01
Full year 2023 earnings released: EPS: €0.91 (vs €0.95 in FY 2022) Full year 2023 results: EPS: €0.91 (down from €0.95 in FY 2022). Revenue: €22.0b (up 10.0% from FY 2022). Net income: €221.0m (down 3.9% from FY 2022). Profit margin: 1.0% (in line with FY 2022). Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Auto Components industry in Europe. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Announcement • Nov 02
Ooo "nauchno-proizvodstvenniy Kompleks "avtopribor" signed an agreement to acquire Valeo's poduction assets of its Thermal Systems Business in Russia. Ooo "nauchno-proizvodstvenniy Kompleks "avtopribor" signed an agreement to acquire Valeo's poduction assets of its Thermal Systems Business in Russia on October 31, 2023. It will enable the 124 Russian employees in this business to keep their jobs. Valeo will have a buyback option for 10 years, which can be activated from the 6th year. Completion of this transaction is subject to obtaining the necessary regulatory approvals. Announcement • Aug 19
Ooo "nauchno-proizvodstvenniy Kompleks "avtopribor" signed an agreement to acquire Production assets of Powertrain Systems business in Russia from Valeo SE (ENXTPA:FR). Ooo "nauchno-proizvodstvenniy Kompleks "avtopribor" signed an agreement to acquire Production assets of Powertrain Systems business in Russia from Valeo SE (ENXTPA:FR) on August 18, 2023. This sale will be carried out without any capital gain or loss. Valeo will also have a buyback option for 10 years, which can be activated from the 6th year. It will enable the 158 Russian employees in this business to keep their jobs. Completion of this transaction is subject to obtaining the necessary regulatory approvals. Reported Earnings • Jul 31
First half 2023 earnings released: EPS: €0.49 (vs €0.20 loss in 1H 2022) First half 2023 results: EPS: €0.49 (up from €0.20 loss in 1H 2022). Revenue: €11.2b (up 19% from 1H 2022). Net income: €119.0m (up €167.0m from 1H 2022). Profit margin: 1.1% (up from net loss in 1H 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Auto Components industry in Europe. Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Jul 30
Valeo SE Reaffirms Earnings Guidance for the Year 2023 Valeo SE reaffirms earnings guidance for the year 2023. First half results and the improvement in financial performance in the second half in line with expectations enable the company to reaffirm all of objectives for full-year 2023. Announcement • Jun 20
Valeo SE to Report Fiscal Year 2023 Results on Feb 29, 2024 Valeo SE announced that they will report fiscal year 2023 results on Feb 29, 2024 Announcement • Jun 06
Valeo SE, Annual General Meeting, May 23, 2024 Valeo SE, Annual General Meeting, May 23, 2024. Announcement • May 25
Valeo Approves Dividend Distribution for 2022, Payable on May 31, 2023 Valeo at its General Shareholders' Meeting held on May 24, 2023 approved the 2022 financial statements as well as a dividend distribution of EUR 0.38 per share. The ex-dividend date is set at May 29, 2023, and the record date at May 30, 2023. The dividend will be paid on May 31, 2023. Upcoming Dividend • May 22
Upcoming dividend of €0.38 per share at 2.0% yield Eligible shareholders must have bought the stock before 29 May 2023. Payment date: 31 May 2023. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Austrian dividend payers (5.3%). Lower than average of industry peers (3.1%). Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €18.04, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 10x in the Auto Components industry in Europe. Total returns to shareholders of 71% over the past three years. Reported Earnings • Feb 25
Full year 2022 earnings released: EPS: €0.95 (vs €0.73 in FY 2021) Full year 2022 results: EPS: €0.95 (up from €0.73 in FY 2021). Revenue: €20.0b (up 16% from FY 2021). Net income: €230.0m (up 31% from FY 2021). Profit margin: 1.1% (up from 1.0% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Auto Components industry in Europe. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Sep 13
Valeo SE to Report Fiscal Year 2022 Results on Feb 23, 2023 Valeo SE announced that they will report fiscal year 2022 results on Feb 23, 2023 Reported Earnings • Jul 28
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down €90.0m from profit in 1H 2021). Profit margin: (down from 1.0% in 1H 2021). The decrease in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 17%, compared to a 14% growth forecast for the industry in Austria. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Upcoming Dividend • May 20
Upcoming dividend of €0.35 per share Eligible shareholders must have bought the stock before 27 May 2022. Payment date: 31 May 2022. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Austrian dividend payers (4.6%). Lower than average of industry peers (3.6%). Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment deteriorated over the past week After last week's 26% share price decline to €19.85, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 10x in the Auto Components industry in Europe. Total loss to shareholders of 25% over the past three years. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment improved over the past week After last week's 16% share price gain to €24.23, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 12x in the Auto Components industry in Europe. Total loss to shareholders of 27% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €26.45 per share. Reported Earnings • Jul 24
First half 2021 earnings released: EPS €0.37 (vs €5.08 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €8.99b (up 27% from 1H 2020). Net income: €90.0m (up €1.31b from 1H 2020). Profit margin: 1.0% (up from net loss in 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Executive Departure • Jul 13
Employee Representative Director Eric Chauvirey has left the company On the 30th of June, Eric Chauvirey's tenure as Employee Representative Director ended after 4.0 years in the role. We don't have any record of a personal shareholding under Eric's name. Eric is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 9.50 years. Announcement • Jun 24
Carlyle, Bain, Mahle Reportedly Submit Preliminary Bids for $5.8 Billion Stake in Hanon Systems The Carlyle Group Inc. (NasdaqGS:CG), Bain Capital, LP and auto supplier MAHLE GmbH have each submitted preliminary bids to buy a 70% stake in South Korea’s Hanon Systems (KOSE:A018880 worth an estimated KRW 6.6 trillion ($5.8 billion), the Korea Economic Daily reported. The combined stake in Hanon, a maker of automotive air conditioning systems, has been put up for sale by local private equity firm Hahn & Company and Hankook Tire & Technology Co., Ltd. (KOSE:A161390), the newspaper said, citing unnamed investment banking sources. Hanon Systems said in a regulatory filing on June 23, 2021 that nothing has been decided. A spokesperson for Germany’s Mahle declined to comment. Representatives for Carlyle and Bain did not immediately respond to requests for comment. The newspaper said France’s Valeo SE (ENXTPA:FR) had also submitted a preliminary bid but the auto supplier denied that it had. Announcement • Jun 22
Hanon Systems Reportedly Set to Get Preliminary Bids for Controlling Stake South Korean automotive thermal management systems and automotive parts maker Hanon Systems (KOSE:A018880) is set to receive preliminary bids on June 22, 2021 for a controlling stake, sources said. Lead manager Morgan Stanley will receive the preliminary bids from prospective buyers for a 70% stake in Hanon Systems, formerly Halla Visteon Climate Control Corp., they said. The stake up for sale, worth KRW 6.9 trillion ($6.1 billion) as of June 21, 2021, is 50% owned by top shareholder Hahn & Company and the remainder held by Hankook Tire & Technology. Market watchers said prospective buyers include South Korea's LG and SK Groups. LG Group has been bolstering its electric vehicle parts business and will reportedly set up a joint venture with Canadian auto parts maker Magna International Inc. next month. Other potential bidders include South Korea's Halla Group, which established Halla Climate Control Corp. in partnership with Ford Motor Co. in 1986. French automotive parts maker Valeo SE (ENXTPA:FR), a key rival of Hanon Systems, is also known to be interested in taking over the stake. Upcoming Dividend • May 21
Upcoming dividend of €0.30 per share Eligible shareholders must have bought the stock before 28 May 2021. Payment date: 01 June 2021. Trailing yield: 1.2%. Lower than top quartile of Austrian dividend payers (3.2%). Lower than average of industry peers (2.1%). Is New 90 Day High Low • Feb 27
New 90-day low: €29.19 The company is down 13% from its price of €33.61 on 27 November 2020. The Austrian market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.77 per share. Analyst Estimate Surprise Post Earnings • Feb 23
Revenue beats expectations Revenue exceeded analyst estimates by 0.02%. Over the next year, revenue is forecast to grow 15%, compared to a 9.0% growth forecast for the Auto Components industry in Austria. Announcement • Jan 08
Valeo SA, Annual General Meeting, May 26, 2021 Valeo SA, Annual General Meeting, May 26, 2021. Is New 90 Day High Low • Nov 11
New 90-day high: €31.11 The company is up 22% from its price of €25.57 on 12 August 2020. The Austrian market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components 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 €4.82 per share. Announcement • Jun 28
Valeo SA to Report First Half, 2020 Results on Jul 21, 2020 Valeo SA announced that they will report first half, 2020 results on Jul 21, 2020