Upcoming Dividend • May 28
Upcoming dividend of €1.85 per share Eligible shareholders must have bought the stock before 04 June 2026. Payment date: 08 June 2026. Payout ratio is on the higher end at 96%, however this is supported by cash flows. Trailing yield: 6.2%. Within top quartile of Austrian dividend payers (4.0%). Higher than average of industry peers (5.1%). New Risk • May 22
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 Austrian stocks, typically moving 6.2% 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: Minor Risks High level of debt (183% net debt to equity). Dividend is not well covered by earnings (96% payout ratio). Share price has been volatile over the past 3 months (6.2% average weekly change). Reported Earnings • May 14
First quarter 2026 earnings released First quarter 2026 results: Revenue: €495.6m (up 4.2% from 1Q 2025). Net income: €7.25m (down 15% from 1Q 2025). Profit margin: 1.5% (down from 1.8% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Media industry in Europe. Declared Dividend • Apr 26
Dividend reduced to €1.85 Dividend of €1.85 is 20% lower than last year. Ex-date: 4th June 2026 Payment date: 8th June 2026 Dividend yield will be 5.1%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is not adequately covered by earnings (96% earnings payout ratio). However, it is well covered by cash flows (41% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 7.0% to bring the payout ratio under control. EPS is expected to grow by 63% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Announcement • Apr 25
Ströer SE & Co. KGaA announces Annual dividend, payable on June 08, 2026 Ströer SE & Co. KGaA announced Annual dividend of EUR 1.8500 per share payable on June 08, 2026, ex-date on June 04, 2026 and record date on June 05, 2026. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €35.32, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 10x in the Media industry in Europe. Total loss to shareholders of 18% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €61.71 per share. Reported Earnings • Mar 08
Full year 2025 earnings released Full year 2025 results: Revenue: €2.08b (up 1.4% from FY 2024). Net income: €140.0m (up 7.0% from FY 2024). Profit margin: 6.7% (up from 6.4% in FY 2024). Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Media industry in Europe. Reported Earnings • Nov 12
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: €491.5m (flat on 3Q 2024). Net income: €24.6m (down 29% from 3Q 2024). Profit margin: 5.0% (down from 7.0% in 3Q 2024). Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Media industry in Europe. Reported Earnings • Aug 14
Second quarter 2025 earnings released: EPS: €0.51 (vs €0.59 in 2Q 2024) Second quarter 2025 results: EPS: €0.51 (down from €0.59 in 2Q 2024). Revenue: €504.7m (down 1.3% from 2Q 2024). Net income: €28.3m (down 14% from 2Q 2024). Profit margin: 5.6% (down from 6.4% in 2Q 2024). Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Media industry in Europe. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Upcoming Dividend • May 30
Upcoming dividend of €2.30 per share Eligible shareholders must have bought the stock before 05 June 2025. Payment date: 09 June 2025. Payout ratio is on the higher end at 96%, however this is supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of Austrian dividend payers (4.8%). Lower than average of industry peers (4.1%). Reported Earnings • May 09
First quarter 2025 earnings released First quarter 2025 results: EPS: €0.23. Revenue: €475.5m (up 4.9% from 1Q 2024). Net income: €12.7m (up €11.9m from 1Q 2024). Profit margin: 2.7% (up from 0.2% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Media industry in Europe. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Declared Dividend • May 04
Dividend increased to €2.30 Dividend of €2.30 is 24% higher than last year. Ex-date: 5th June 2025 Payment date: 9th June 2025 Dividend yield will be 4.4%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is not adequately covered by earnings (96% earnings payout ratio). However, it is well covered by cash flows (29% cash payout ratio). The dividend has increased by an average of 34% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 6.5% to bring the payout ratio under control. EPS is expected to grow by 79% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Announcement • Apr 25
Ströer SE & Co. KGaA, Annual General Meeting, Jun 04, 2025 Ströer SE & Co. KGaA, Annual General Meeting, Jun 04, 2025, at 10:00 W. Europe Standard Time. Announcement • Mar 07
Ströer SE & Co. KGaA to Report Fiscal Year 2024 Final Results on Mar 24, 2025 Ströer SE & Co. KGaA announced that they will report fiscal year 2024 final results on Mar 24, 2025 Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €54.50, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 12x in the Media industry in Europe. Total loss to shareholders of 6.0% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €90.29 per share. New Risk • Jan 13
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 6.6% 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 (6.6% average weekly change). Minor Risks High level of debt (193% net debt to equity). Dividend is not well covered by earnings (96% payout ratio). Reported Earnings • Aug 09
Second quarter 2024 earnings released: EPS: €0.59 (vs €0.35 in 2Q 2023) Second quarter 2024 results: EPS: €0.59 (up from €0.35 in 2Q 2023). Revenue: €511.5m (up 13% from 2Q 2023). Net income: €32.9m (up 70% from 2Q 2023). Profit margin: 6.4% (up from 4.3% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Media industry in Europe. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 4% per year. Upcoming Dividend • Jun 05
Upcoming dividend of €1.85 per share Eligible shareholders must have bought the stock before 12 June 2024. Payment date: 14 June 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.8%. Lower than top quartile of Austrian dividend payers (6.0%). Lower than average of industry peers (3.7%). Reported Earnings • May 09
First quarter 2024 earnings released First quarter 2024 results: EPS: €0.11. Revenue: €453.4m (up 11% from 1Q 2023). Net income: €6.00m (up €6.69m from 1Q 2023). Profit margin: 1.3% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Media industry in Europe. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 2% per year. Reported Earnings • Mar 07
Full year 2023 earnings released Full year 2023 results: Revenue: €1.91b (up 8.0% from FY 2022). Net income: €112.4m (down 22% from FY 2022). Profit margin: 5.9% (down from 8.1% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Media industry in Europe. Announcement • Mar 02
Ströer SE & Co. KGaA, Annual General Meeting, Jun 11, 2024 Ströer SE & Co. KGaA, Annual General Meeting, Jun 11, 2024. Reported Earnings • Nov 10
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: €483.6m (up 11% from 3Q 2022). Net income: €27.2m (down 26% from 3Q 2022). Profit margin: 5.6% (down from 8.5% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Media industry in Europe. New Risk • Nov 09
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 Austrian stocks, typically moving 4.3% 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: Minor Risks High level of debt (163% net debt to equity). Dividend is not well covered by earnings (90% payout ratio). Share price has been volatile over the past 3 months (4.3% average weekly change). Profit margins are more than 30% lower than last year (6.3% net profit margin). New Risk • Aug 10
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: 6.3% Last year net profit margin: 9.7% 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 (344% net debt to equity). 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 (6.3% net profit margin). Reported Earnings • Aug 10
Second quarter 2023 earnings released: EPS: €0.35 (vs €0.66 in 2Q 2022) Second quarter 2023 results: EPS: €0.35 (down from €0.66 in 2Q 2022). Revenue: €454.8m (up 7.0% from 2Q 2022). Net income: €19.4m (down 48% from 2Q 2022). Profit margin: 4.3% (down from 8.8% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Media industry in Europe. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jun 29
Upcoming dividend of €1.85 per share at 4.2% yield Eligible shareholders must have bought the stock before 06 July 2023. Payment date: 10 July 2023. Payout ratio is a comfortable 73% and this is well supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of Austrian dividend payers (5.5%). In line with average of industry peers (4.6%). Reported Earnings • May 14
First quarter 2023 earnings released First quarter 2023 results: Revenue: €409.9m (up 6.5% from 1Q 2022). Net loss: €687.0k (down 107% from profit in 1Q 2022). Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Media industry in Europe. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Buying Opportunity • Mar 11
Now 20% undervalued Over the last 90 days, the stock is up 20%. The fair value is estimated to be €65.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 13% in 2 years. Earnings is forecast to decline by 0.8% in the next 2 years. Reported Earnings • Mar 09
Full year 2022 earnings released Full year 2022 results: Revenue: €1.77b (up 8.9% from FY 2021). Net income: €151.8m (up 24% from FY 2021). Profit margin: 8.6% (up from 7.5% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Media industry in Europe. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment improved over the past week After last week's 17% share price gain to €47.74, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 12x in the Media industry in Europe. Total loss to shareholders of 26% over the past three years. Reported Earnings • Aug 12
Second quarter 2022 earnings released: EPS: €0.66 (vs €0.23 in 2Q 2021) Second quarter 2022 results: EPS: €0.66 (up from €0.23 in 2Q 2021). Revenue: €425.0m (up 14% from 2Q 2021). Net income: €37.5m (up 183% from 2Q 2021). Profit margin: 8.8% (up from 3.5% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 7.5%, compared to a 4.5% growth forecast for the industry in Austria. 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 15% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jun 16
Upcoming dividend of €2.25 per share Eligible shareholders must have bought the stock before 23 June 2022. Payment date: 27 June 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.9%. Within top quartile of Austrian dividend payers (4.7%). Higher than average of industry peers (4.4%). Reported Earnings • May 14
First quarter 2022 earnings released First quarter 2022 results: Revenue: €385.0m (up 24% from 1Q 2021). Net income: €10.2m (up €23.1m from 1Q 2021). Profit margin: 2.7% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 11%, compared to a 8.0% growth forecast for the industry in Austria. Announcement • Mar 31
Ströer SE & Co. KGaA, Annual General Meeting, Jun 22, 2022 Ströer SE & Co. KGaA, Annual General Meeting, Jun 22, 2022. Announcement • Feb 10
Ströer SE & Co. KGaA to Report Fiscal Year 2021 Results on Mar 03, 2022 Ströer SE & Co. KGaA announced that they will report fiscal year 2021 results on Mar 03, 2022 Announcement • Dec 04
Stroeer Reportedly Weighs Exit from Asambeauty Ströer SE & Co. KGaA (XTRA:SAX) is considering selling its majority stake in Asambeauty Gmbh and has hired investment bank JPMorgan (NYSE:JPM) to explore options for the firm that could be valued in the range of €350 million to €400 million ($452.5 million), business daily Handelsblatt said on December 1, 2021. Online beauty retailers such as Zalando SE (XTRA:ZAL) and Sephora USA, Inc. are considered to be among the potential buyers of the business, the report said citing sources familiar with the matter. Reported Earnings • Nov 11
Third quarter 2021 earnings released The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €414.3m (up 17% from 3Q 2020). Net income: €37.4m (up 144% from 3Q 2020). Profit margin: 9.0% (up from 4.3% in 3Q 2020). The increase in margin was driven by higher revenue. Upcoming Dividend • Aug 30
Upcoming dividend of €2.00 per share Eligible shareholders must have bought the stock before 06 September 2021. Payment date: 08 September 2021. Trailing yield: 2.9%. Lower than top quartile of Austrian dividend payers (3.4%). In line with average of industry peers (3.0%). Reported Earnings • Aug 21
Second quarter 2021 earnings released: EPS €0.23 (vs €0.85 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €374.0m (up 42% from 2Q 2020). Net income: €13.3m (up €61.6m from 2Q 2020). Profit margin: 3.5% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Reported Earnings • May 13
First quarter 2021 earnings released The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: €311.9m (down 15% from 1Q 2020). Net loss: €12.7m (down 156% from profit in 1Q 2020). Reported Earnings • Apr 03
Full year 2020 earnings released The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €1.44b (down 9.4% from FY 2019). Net income: €40.7m (down 63% from FY 2019). Profit margin: 2.8% (down from 6.9% in FY 2019). Is New 90 Day High Low • Feb 23
New 90-day low: €70.25 The company is down 7.0% from its price of €75.75 on 24 November 2020. The Austrian market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €77.15 per share. Is New 90 Day High Low • Dec 16
New 90-day high: €78.60 The company is up 14% from its price of €69.25 on 17 September 2020. The Austrian market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €91.56 per share. Analyst Estimate Surprise Post Earnings • Nov 13
Revenue beats expectations Revenue exceeded analyst estimates by 2.6%. Over the next year, revenue is forecast to grow 6.0% compared to a 1.8% decline forecast for the Media industry in Austria. Is New 90 Day High Low • Nov 08
New 90-day low: €60.25 The company is down 1.0% from its price of €60.80 on 10 August 2020. The Austrian market is also down 1.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Media 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 €71.47 per share. Upcoming Dividend • Oct 29
Upcoming Dividend of €2.00 Per Share Will be paid on the 9th of November to those who are registered shareholders by the 5th of November. The trailing yield of 3.2% is below the top quartile of Austrian dividend payers (5.2%), and is lower than industry peers (4.0%).