Upcoming Dividend • Aug 14
Upcoming dividend of €1.10 per share Eligible shareholders must have bought the stock before 21 August 2026. Payment date: 01 October 2026. Payout ratio is a comfortable 9.1% but the company is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.2%). Announcement • Jul 16
HMS Bergbau AG to Report First Half, 2026 Results on Sep 30, 2026 HMS Bergbau AG announced that they will report first half, 2026 results on Sep 30, 2026 Announcement • Jul 14
HMS Bergbau AG, Annual General Meeting, Aug 20, 2026 HMS Bergbau AG, Annual General Meeting, Aug 20, 2026, at 12:00 W. Europe Standard Time. Major Estimate Revision • Jul 14
Consensus EPS estimates increase by 28% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from €1.96b to €2.06b. EPS estimate increased from €6.62 to €8.45 per share. Net income forecast to shrink 29% next year vs 19% growth forecast for Trade Distributors industry in Germany . Consensus price target up from €82.50 to €87.00. Share price was steady at €41.80 over the past week. Major Estimate Revision • Jul 07
Consensus EPS estimates fall by 14% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from €7.71 to €6.62 per share. Revenue forecast steady at €1.96b. Net income forecast to shrink 36% next year vs 18% growth forecast for Trade Distributors industry in Germany . Consensus price target of €82.50 unchanged from last update. Share price was steady at €42.30 over the past week. Declared Dividend • Jul 03
Dividend increased to €1.10 Dividend of €1.10 is 4.8% higher than last year. Ex-date: 21st August 2026 Payment date: 25th August 2026 Dividend yield will be 2.6%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (9% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 129% per year over the past 4 years and payments have been stable during that time. EPS is expected to decline by 67% over the next 3 years. However, it would need to fall by 90% to increase the payout ratio to a potentially unsustainable range. Announcement • Jul 02
HMS Bergbau AG announces Annual dividend, payable on August 25, 2026 HMS Bergbau AG announced Annual dividend of EUR 1.1000 per share payable on August 25, 2026, ex-date on August 21, 2026 and record date on August 24, 2026. Reported Earnings • Jul 01
Full year 2025 earnings: Revenues in line with analyst expectations Full year 2025 results: Revenue: €1.27b (down 6.9% from FY 2024). Net income: €54.8m (up 314% from FY 2024). Profit margin: 4.3% (up from 1.0% in FY 2024). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Trade Distributors industry in Europe. Announcement • May 30
HMS Bergbau AG Provides Earnings Guidance for 2026 HMS Bergbau AG provided earnings guidance for 2026. For the period, revenue is expected to increase to EUR 2.0 billion. Price Target Changed • May 30
Price target increased by 9.3% to €82.50 Up from €75.50, the current price target is an average from 2 analysts. New target price is 94% above last closing price of €42.60. Stock is up 31% over the past year. The company is forecast to post earnings per share of €11.95 for next year compared to €2.92 last year. New Risk • Apr 16
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.1% 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 Risk Earnings are forecast to decline by an average of 2.1% per year for the foreseeable future. Minor Risk Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). New Risk • Apr 14
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. This is currently the only risk that has been identified for the company. Announcement • Jan 30
HMS Bergbau AG (XTRA:HMU) completed the acquisition of 51% stake in Maatla Resources (Pty.) Ltd. HMS Bergbau AG (XTRA:HMU) acquired 51% stake in Maatla Resources (Pty.) Ltd for €0.002 million on April 20, 2021. As of June 2022, 51% of the shares in Maatla Energy (Pty) Ltd, Botswana, were acquired for a purchase price of €0.0002 million ; the acquisition was still subject to conditions precedent as at December 31, 2021. As of May 2023, 51% of the shares in Maatla Energy (Pty) Ltd, Botswana, were acquired for a purchase price of €0.002 million ; the acquisition was still subject to conditions precedent as at December 31, 2022. As of May 30, 2024, 51% of the shares in Maatla Energy (Pty) Ltd, Botswana, were acquired for a purchase price of €0.002 million ; the acquisition was still subject to conditions precedent as at December 31, 2023. As of May 30, 2025, 51% of the shares in Maatla Energy (Pty) Ltd, Botswana, were acquired for a purchase price of €0.002 million ; the acquisition was still subject to conditions precedent as at December 31, 2024. As of September 24, 2025, 51% of the shares in Maatla Energy (Pty) Ltd, Botswana, were acquired for a purchase price of €0.002 million ; the acquisition was still subject to conditions precedent as at June 30, 2025.
HMS Bergbau AG (XTRA:HMU) completed the acquisition of 51% stake in Maatla Resources (Pty.) Ltd on January 29, 2026. Price Target Changed • Nov 28
Price target increased by 7.2% to €67.00 Up from €62.50, the current price target is an average from 2 analysts. New target price is 34% above last closing price of €50.00. Stock is up 72% over the past year. The company is forecast to post earnings per share of €3.12 for next year compared to €2.92 last year. Price Target Changed • Sep 30
Price target increased by 36% to €53.00 Up from €39.00, the current price target is provided by 1 analyst. New target price is 16% above last closing price of €45.80. Stock is up 66% over the past year. The company is forecast to post earnings per share of €3.09 for next year compared to €2.92 last year. Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to €54.50, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 16x in the Trade Distributors industry in Europe. Total returns to shareholders of 187% over the past three years. Announcement • Aug 17
HMS Bergbau AG Approves Board Changes HMS Bergbau AG at its Annual General Meeting held on 14 August 2025, announced that Mr. Henry Werkmeister, Managing Director of HW-Beratungs GmbH, was newly elected to the Supervisory Board of HMS. He succeeds Patrick Brandl, who stepped down from the Supervisory Board as planned at the end of the Annual General Meeting. Upcoming Dividend • Aug 08
Upcoming dividend of €1.05 per share Eligible shareholders must have bought the stock before 15 August 2025. Payment date: 01 October 2025. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (4.4%). Higher than average of industry peers (2.4%). Buy Or Sell Opportunity • Jul 28
Now 20% undervalued Over the last 90 days, the stock has risen 125% to €63.50. The fair value is estimated to be €79.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Earnings per share has grown by 30%. For the next 3 years, revenue is forecast to grow by 4.9% per annum. Earnings are forecast to decline by 0.2% per annum over the same time period. Valuation Update With 7 Day Price Move • Jul 23
Investor sentiment improves as stock rises 34% After last week's 34% share price gain to €66.00, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 17x in the Trade Distributors industry in Europe. Total returns to shareholders of 239% over the past three years. New Risk • Jul 18
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 11% 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 Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Valuation Update With 7 Day Price Move • Jul 09
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €43.60, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 17x in the Trade Distributors industry in Europe. Total returns to shareholders of 124% over the past three years. Announcement • Jul 07
HMS Bergbau AG, Annual General Meeting, Aug 14, 2025 HMS Bergbau AG, Annual General Meeting, Aug 14, 2025, at 12:00 W. Europe Standard Time. New Risk • May 21
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.2% 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. This is currently the only risk that has been identified for the company. Reported Earnings • May 19
Full year 2024 earnings: Revenues exceed analyst expectations Full year 2024 results: Revenue: €1.37b (up 5.3% from FY 2023). Net income: €13.2m (up 6.5% from FY 2023). Profit margin: 1.0% (in line with FY 2023). Revenue exceeded analyst estimates by 1.2%. Revenue is forecast to grow 3.3% p.a. on average during the next 2 years, compared to a 4.8% growth forecast for the Trade Distributors industry in Europe. Declared Dividend • May 18
Dividend increased to €1.05 Dividend of €1.05 is 14% higher than last year. Ex-date: 15th August 2025 Payment date: 19th August 2025 Dividend yield will be 3.6%, which is higher than the industry average of 2.7%. Sustainability & Growth The dividend has increased by an average of 184% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 32% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 16
HMS Bergbau AG announces Annual dividend, payable on August 19, 2025 HMS Bergbau AG announced Annual dividend of EUR 1.0500 per share payable on August 19, 2025, ex-date on August 15, 2025 and record date on August 18, 2025. New Risk • Apr 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. This is currently the only risk that has been identified for the company. New Risk • Mar 05
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 7.6% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to €30.00, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 17x in the Trade Distributors industry in Europe. Total returns to shareholders of 54% over the past three years. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €36.20, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 16x in the Trade Distributors industry in Europe. Total returns to shareholders of 104% over the past three years. Reported Earnings • Oct 02
First quarter 2024 earnings released: EPS: €0.61 (vs €0.56 in 1Q 2023) First quarter 2024 results: EPS: €0.61 (up from €0.56 in 1Q 2023). Revenue: €365.7m (up 11% from 1Q 2023). Net income: €2.77m (up 9.0% from 1Q 2023). Profit margin: 0.8% (in line with 1Q 2023). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Trade Distributors industry in Europe. Upcoming Dividend • Aug 07
Upcoming dividend of €0.92 per share Eligible shareholders must have bought the stock before 14 August 2024. Payment date: 30 September 2024. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.3%). Announcement • Jul 05
HMS Bergbau AG, Annual General Meeting, Aug 13, 2024 HMS Bergbau AG, Annual General Meeting, Aug 13, 2024, at 12:00 W. Europe Standard Time. Reported Earnings • Jun 05
Full year 2023 earnings released: EPS: €2.74 (vs €2.29 in FY 2022) Full year 2023 results: EPS: €2.74 (up from €2.29 in FY 2022). Revenue: €1.30b (up 33% from FY 2022). Net income: €12.4m (up 20% from FY 2022). Profit margin: 1.0% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. New Risk • Apr 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Sep 19
First half 2023 earnings released First half 2023 results: EPS: €1.11. Revenue: €656.7m (up 62% from 1H 2022). Net income: €5.08m (up 67% from 1H 2022). Profit margin: 0.8% (up from 0.7% in 1H 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 23
Upcoming dividend of €0.77 per share at 3.6% yield Eligible shareholders must have bought the stock before 30 August 2023. Payment date: 01 September 2023. Payout ratio is a comfortable 34% but the company is not cash flow positive. Trailing yield: 3.6%. Lower than top quartile of German dividend payers (4.9%). Higher than average of industry peers (2.9%). Announcement • Jul 12
HMS Bergbau AG (XTRA:HMU) acquired Kazakh companies with mining and exploration licenses. HMS Bergbau AG (XTRA:HMU) acquired Kazakh companies with mining and exploration licenses in late June 2023.
HMS Bergbau AG (XTRA:HMU) completed the acquisition of Kazakh companies with mining and exploration licenses in late June 2023. New Risk • Jun 12
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 3.6% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (102% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Jun 05
Full year 2022 earnings released Full year 2022 results: Revenue: €972.8m (up 127% from FY 2021). Net income: €10.4m (up 225% from FY 2021). Profit margin: 1.1% (up from 0.7% in FY 2021). The increase in margin was driven by higher revenue. Announcement • Jun 01
HMS Bergbau AG, Annual General Meeting, Aug 29, 2023 HMS Bergbau AG, Annual General Meeting, Aug 29, 2023. Agenda: To consider dividend. Reported Earnings • Oct 02
First half 2022 earnings released: EPS: €0 (vs €0 in 1H 2021) First half 2022 results: EPS: €0 (in line with 1H 2021). Revenue: €404.8m (up 145% from 1H 2021). Net income: €3.03m (up €2.65m from 1H 2021). Profit margin: 0.7% (up from 0.2% in 1H 2021). The increase in margin was driven by higher revenue. Reported Earnings • Jul 03
Full year 2021 earnings released: EPS: €0.70 (vs €0.62 in FY 2020) Full year 2021 results: EPS: €0.70 (up from €0.62 in FY 2020). Revenue: €427.7m (up 60% from FY 2020). Net income: €3.20m (up 14% from FY 2020). Profit margin: 0.7% (down from 1.1% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Jul 01
HMS Bergbau AG, Annual General Meeting, Aug 23, 2022 HMS Bergbau AG, Annual General Meeting, Aug 23, 2022. Agenda: To propose the distribution of a dividend to shareholders. Reported Earnings • Oct 05
First half 2021 earnings released The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €164.9m (up 27% from 1H 2020). Net income: €381.3k (up 216% from 1H 2020). Profit margin: 0.2% (up from 0.1% in 1H 2020). Reported Earnings • Jul 03
Full year 2020 earnings released: EPS €0.62 (vs €0.11 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €267.1m (up 24% from FY 2019). Net income: €2.81m (up 447% from FY 2019). Profit margin: 1.1% (up from 0.2% in FY 2019). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Jul 03
HMS Bergbau AG Provides Sales Guidance for the Year 2021 HMS Bergbau AG provided sales guidance for the year 2021. For the year, the company is planning to generate sales of approximately EUR 250 million. Announcement • Dec 31
An international investor acquired 5% stake in Silesian Coal S.A. from HMS Bergbau AG (XTRA:HMU). An international investor acquired 5% stake in Silesian Coal S.A. from HMS Bergbau AG (XTRA:HMU) on December 30, 2020. After the completion of the transaction HMS Bergbau AG will hold 55.18 per cent of Silesian Coal. The proceeds of cash and cash equivalents will be used by HMS Bergbau AG, among others, to finance the operating activities of Silesian Coal International Group of Companies S.A. The transaction will also contribute to an improvement in the balance sheet structure of HMS Bergbau AG.
An international investor completed the acquisition of 5% stake in Silesian Coal S.A. from HMS Bergbau AG (XTRA:HMU) on December 30, 2020. Is New 90 Day High Low • Dec 01
New 90-day high: €21.20 The company is up 5.0% from its price of €20.20 on 02 September 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Trade Distributors industry, which is up 21% over the same period. Reported Earnings • Oct 01
First half earnings released Over the last 12 months the company has reported total profits of €315.6k, down 42% from the prior year. Total revenue was €227.8m over the last 12 months, down 1.1% from the prior year. Announcement • Sep 22
HMS Bergbau AG to Report First Half, 2020 Results on Sep 30, 2020 HMS Bergbau AG announced that they will report first half, 2020 results on Sep 30, 2020