Announcement • Apr 20
va-Q-tec AG, Annual General Meeting, Jun 10, 2024 va-Q-tec AG, Annual General Meeting, Jun 10, 2024, at 11:00 Central European Standard Time. Location: Novum Conference & Events Center, Schweinfurter Str. 1, 97070 WÜRzburg Germany Announcement • Nov 08
va-Q-tec AG to Report Q3, 2023 Results on Nov 09, 2023 va-Q-tec AG announced that they will report Q3, 2023 results on Nov 09, 2023 Announcement • Jul 07
va-Q-tec AG(XTRA:VQT) dropped from S&P Global BMI Index va-Q-tec AG(XTRA:VQT) dropped from S&P Global BMI Index Announcement • Jul 04
EQT Clears All Regulatory Hurdles for va-Q-Tec Takeover Swedish private equity firm EQT AB (publ) (OM:EQT) cleared an Austrian regulatory hurdle for its planned acquisition of German packaging and containers manufacturer va-Q-tec AG (ETR:VQT), fulfilling all required conditions to complete the deal. The Austrian Federal Competition Authority has declared its waiver of a further review, whereby the takeover offer is deemed to be cleared, va-Q-tec said on June 30, 2023. The offer of EUR 26 (USD 28.25) per share was launched in January by Fahrenheit AcquiCo GmbH, a holding company controlled by EQT. The payment of the share price to the shareholders will be made immediately upon settlement of the offer, which is expected to occur on 6 July 2023, va-Q-tec said in its latest statement. After that, the investor plans to delist va-Q-tec. EQT also intends to increase va-Q-tec capital to finance additional development opportunities at the German firm. As part of the hike, the investor will subscribe for new va-Q-tec shares corresponding to 10% of the current capital at an issued price of EUR 26. Announcement • Jun 15
va-Q-tec AG, Annual General Meeting, Aug 29, 2023 va-Q-tec AG, Annual General Meeting, Aug 29, 2023. Announcement • Feb 03
va-Q-tec AG, Annual General Meeting, Jun 01, 2023 va-Q-tec AG, Annual General Meeting, Jun 01, 2023. Announcement • Dec 15
EQT X managed by EQT Partners AB made an offer to acquire va-Q-tec AG (XTRA:VQT) for €26 per share. EQT X managed by EQT Partners AB made an offer to acquire va-Q-tec AG (XTRA:VQT) for €26 per share on December 13, 2022. Completion of the takeover offer is subject to standard market conditions, including a minimum acceptance rate of 62.5% and regulatory clearances, and is expected to occur by the second quarter of 2023. Investment bank ParkView Partners is acting as exclusive financial advisor and law firm Hogan Lovells is acting as legal advisor to va-Q-tec. Announcement • Dec 14
sotus 861. Gmbh Intends to Pursue Potential Delisting of va-Q-tec Following Closing of the Takeover Offer sotus 861. GmbH (in future: Fahrenheit AcquiCo GmbH) (Bidder), a holding company controlled by the EQT X fund (EQT Private Equity), supported by co-investors Mubadala Investment Company (Mubadala) and the Sixth Cinven Fund (Cinven) announced the decision to launch a voluntary public takeover offer for all outstanding shares of va-Q-tec AG (the Takeover Offer). The completion of the Takeover Offer will be subject to a minimum acceptance threshold of 62.5% of the Company’s current share capital (including shares held by the Founding Families) and certain customary further conditions, including granting of merger control clearance. Closing of the Takeover Offer is currently expected to occur by Second quarter of 2023. Following closing of the Takeover Offer, the Bidder intends to enter into a domination and profit and loss transfer agreement with va-Q-tec and to pursue a potential delisting of va-Q-tec. Price Target Changed • Nov 16
Price target decreased to €22.88 Down from €24.75, the current price target is an average from 4 analysts. New target price is 89% above last closing price of €12.10. Stock is down 57% over the past year. The company is forecast to post earnings per share of €0.20 for next year compared to €0.16 last year. Reported Earnings • Nov 16
Third quarter 2022 earnings released: €0.25 loss per share (vs €0.013 profit in 3Q 2021) Third quarter 2022 results: €0.25 loss per share (down from €0.013 profit in 3Q 2021). Revenue: €27.4m (down 1.9% from 3Q 2021). Net loss: €3.15m (down €3.32m from profit in 3Q 2021). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 12
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: €34.0m (up 22% from 3Q 2021). Net loss: €3.15m (down €3.32m from profit in 3Q 2021). Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Aug 18
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from €117.7m to €119.1m. EPS estimate fell from €0.37 to €0.30 per share. Net income forecast to grow 1,449% next year vs 12% growth forecast for Machinery industry in Germany. Consensus price target down from €27.50 to €24.75. Share price fell 7.8% to €13.50 over the past week. Reported Earnings • Aug 12
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: €34.3m (up 21% from 2Q 2021). Net income: €649.0k (up 36% from 2Q 2021). Profit margin: 1.9% (up from 1.7% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to stay flat compared to a 9.6% growth forecast for the industry in Germany. Price Target Changed • Aug 03
Price target decreased to €27.50 Down from €34.60, the current price target is an average from 4 analysts. New target price is 90% above last closing price of €14.46. Stock is down 52% over the past year. The company is forecast to post earnings per share of €0.37 for next year compared to €0.16 last year. Announcement • Jun 11
va-Q-tec AG Provides Earnings Guidance for 2022 va-Q-tec AG provided earnings guidance for 2022. For the period, the company continues to expect further revenue growth to a revenue range of between EUR 115 million and EUR 122 million. Reported Earnings • May 10
First quarter 2022 earnings: EPS misses analyst expectations First quarter 2022 results: EPS: €0.07 (down from €0.08 in 1Q 2021). Revenue: €31.8m (up 23% from 1Q 2021). Net loss: €927.0k (down 188% from profit in 1Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 30%. Over the next year, revenue is forecast to grow 1.7%, compared to a 9.0% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 04
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: EPS: €0.17 (up from €0.11 loss in FY 2020). Revenue: €115.4m (up 47% from FY 2020). Net income: €2.16m (up €3.60m from FY 2020). Profit margin: 1.9% (up from net loss in FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 30%. Over the next year, revenue is forecast to grow 2.6%, compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth. Price Target Changed • Mar 31
Price target decreased to €33.40 Down from €36.58, the current price target is an average from 5 analysts. New target price is 62% above last closing price of €20.65. Stock is down 36% over the past year. The company is forecast to post earnings per share of €0.23 next year compared to a net loss per share of €0.11 last year. Announcement • Mar 31
va-Q-tec AG Provides Revenue Guidance for the Full Year 2022 and 2025 va-Q-tec AG provided revenue guidance for the full year 2022 and 2025. For the year 2022, the company expects revenue growth to a revenue range between EUR 115 million and EUR 122 million. For the year 2025, the company expects revenue to grow to between EUR 160 million and EUR 180 million. Buying Opportunity • Feb 04
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be €28.46, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% per annum over the last 3 years. The company has become profitable over the last year. Announcement • Jan 29
va-Q-tec AG Revised Revenue Guidance for Fiscal Year 2021 va-Q-tec AG revised revenue guidance for fiscal year 2021. Following an analysis of preliminary results emerging from the ongoing process of preparing the company's financial statements for the 2021 financial year, its revenue guidance has been exceeded. Consolidated revenues for 2021 will lie significantly above the upper end of the forecast range of EUR 95 million to EUR 100 million, as specified in the fourth quarter of 2021, and are expected to amount to EUR 104.1 million. Announcement • Jan 28
va-Q-tec AG to Report Fiscal Year 2021 Results on Feb 28, 2022 va-Q-tec AG announced that they will report fiscal year 2021 results on Feb 28, 2022 Buying Opportunity • Jan 18
Now 26% undervalued after recent price drop Over the last 90 days, the stock is down 29%. The fair value is estimated to be €28.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% per annum over the last 3 years. The company has become profitable over the last year. Major Estimate Revision • Aug 19
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 EPS estimate fell from €0.36 to €0.30 per share. Revenue forecast steady at €101.2m. Net income forecast to grow 691% next year vs 37% growth forecast for Machinery industry in Germany. Consensus price target of €37.80 unchanged from last update. Share price fell 6.8% to €27.95 over the past week. Reported Earnings • Aug 14
Second quarter 2021 earnings released The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €30.4m (up 57% from 2Q 2020). Net income: €828.0k (up 348% from 2Q 2020). Profit margin: 2.7% (up from 1.0% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 12
First quarter 2021 earnings released: EPS €0.08 (vs €0.04 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €27.0m (up 40% from 1Q 2020). Net income: €1.05m (up €1.59m from 1Q 2020). Profit margin: 3.9% (up from net loss in 1Q 2020). 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 27% per year, which means it is significantly lagging earnings growth. Announcement • May 11
Va-Q-Tec Ag Announces Earnings Guidance for the Fiscal Year 2021 va-Q-tec AG announced earnings guidance for the fiscal year 2021. For the year, the company expects revenues between EUR 90 million to EUR 100 million. Price Target Changed • Apr 20
Price target increased to €39.68 Up from €36.08, the current price target is an average from 5 analysts. New target price is 41% above last closing price of €28.10. Stock is up 157% over the past year. Announcement • Mar 31
va-Q-tec AG Provides Revenue Guidance for the Year 2021 va-Q-tec AG provided revenue guidance for the year 2021. For the year, the company expected revenue growth to be between EUR 90 million to EUR 100 million. Reported Earnings • Mar 30
Full year 2020 earnings released: €0.11 loss per share (vs €0.20 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: €83.2m (up 21% from FY 2019). Net loss: €1.44m (loss narrowed 44% from FY 2019). Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 23% per year. Is New 90 Day High Low • Mar 05
New 90-day low: €27.30 The company is down 34% from its price of €41.30 on 04 December 2020. The German market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery 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 €30.38 per share. Price Target Changed • Feb 04
Price target raised to €35.28 Up from €31.85, the current price target is an average from 4 analysts. The new target price is close to the current share price of €34.30. As of last close, the stock is up 186% over the past year. Announcement • Jan 05
va-Q-tec AG, Annual General Meeting, May 28, 2021 va-Q-tec AG, Annual General Meeting, May 28, 2021. Announcement • Nov 19
va-Q-tec Signs Extensive Heads of Terms Agreement on Provision of Thermal Containers for Global CoVid-19 Vaccine Distribution With Top International Pharmaceuticals Producer va-Q-tec announced the successful conclusion of a comprehensive agreement with one of the largest pharmaceutical manufacturers for the international distribution of a coronavirus vaccine. This probably makes the company the first in the thermal container sector to agree a confirmed partnership for large-scale global thermal transports in connection with the CoVid-19 vaccine. va-Q-tec is aware of its great responsibility: in addition to the development and validation of the vaccine, which is currently taking place under intense pressure, secure worldwide distribution is considered a mammoth logistical and technical task. As part of the agreement, the customer is securing capacities for international, temperature-controlled vaccine distribution. Such capacities could become increasingly scarce, according to sector information. As part of the related heads of terms agreement, it has been arranged with the partner that, subject to approval, the worldwide, large-volume distribution of its vaccines deploying va-Q-tec’s innovative transport solutions is to start in the first quarter of 2021. The order volume comprises several thousand high-performance transport containers. The parties intend to conclude a final agreement soon concerning the total volume of the partnership based on the heads of terms agreement. The approval of the active substance is a prerequisite for this agreement. At this stage, it is assumed that such approval will be granted. The investments made so far realized in the expansion of va-Q-tec’s fleet create the necessary capacities for this order, as well as for possible follow-up orders. The fleet will be expanded significantly further over the coming months. As a consequence, the German company operates the world’s largest fleet of thermal containers, whose interiors maintain even low temperature ranges at a constant level of -20 °C and below over a period of several days. For this reason, va-Q-tec is in an ideal position to provide secure and reliable logistics for the valuable vaccine in the context of such a large-scale request, and has already many years of experience with international transports below -60 °C.
The company offers a unique, coordinated portfolio of different high-performance thermal container and box solutions that enable it to handle such a complex, international logistic task. In addition to large-volume international shipments, all types of transport can be realized utilizing the same proven technology, including on the last mile to the end customer or patient. Is New 90 Day High Low • Nov 09
New 90-day high: €29.50 The company is up 53% from its price of €19.30 on 11 August 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €21.18 per share. Analyst Estimate Surprise Post Earnings • Nov 07
Revenue and earnings miss expectations Revenue missed analyst estimates by 5.0%. Earnings per share (EPS) also missed analyst estimates by 24%. Over the next year, revenue is forecast to grow 13% while the growth in Machinery industry in Germany is expected to stay flat. Reported Earnings • Nov 07
Third quarter 2020 earnings released: €0.051 loss per share The company reported a solid third quarter result with reduced losses and improved revenues and control over expenses. Third quarter 2020 results: Revenue: €22.0m (up 28% from 3Q 2019). Net loss: €725.0k (loss narrowed 40% from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Sep 29
New 90-day high: €24.80 The company is up 56% from its price of €15.90 on 01 July 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery 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 €10.83 per share.