Upcoming Dividend • 2h
Upcoming dividend of €0.10 per share Eligible shareholders must have bought the stock before 01 June 2026. Payment date: 05 June 2026. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (0.8%). Announcement • May 20
FACC AG announces Annual dividend, payable on June 05, 2026 FACC AG announced Annual dividend of EUR 0.1000 per share payable on June 05, 2026, ex-date on June 01, 2026 and record date on June 02, 2026. Announcement • Dec 09
FACC AG, Annual General Meeting, May 28, 2026 FACC AG, Annual General Meeting, May 28, 2026. Announcement • Jan 27
FACC AG, Annual General Meeting, May 06, 2025 FACC AG, Annual General Meeting, May 06, 2025. Reported Earnings • Nov 16
Third quarter 2024 earnings released: €0.095 loss per share (vs €0.32 loss in 3Q 2023) Third quarter 2024 results: €0.095 loss per share (improved from €0.32 loss in 3Q 2023). Revenue: €204.2m (up 28% from 3Q 2023). Net loss: €4.35m (loss narrowed 70% from 3Q 2023). Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. New Risk • Aug 14
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 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.8x net interest cover). Minor Risk Share price has been volatile over the past 3 months (7.0% average weekly change). Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to €8.36, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 20x in the Aerospace & Defense industry in Germany. Total loss to shareholders of 11% over the past three years. Reported Earnings • May 09
First quarter 2024 earnings released: EPS: €0.079 (vs €0.081 loss in 1Q 2023) First quarter 2024 results: EPS: €0.079 (up from €0.081 loss in 1Q 2023). Revenue: €202.4m (up 24% from 1Q 2023). Net income: €3.63m (up €7.33m from 1Q 2023). Profit margin: 1.8% (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 16% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • May 01
FACC AG Announces Executive Changes FACC AG announced that Mr. Tongyu XU has been appointed as the new Chief Sustainability Officer (CSO) as of 15 May 2024. In his new position, Mr. XU will succeed Mr. Pang, whose management board contract ends as planned on 14 May 2024. With over 30 years of experience in the aviation industry, Mr. XU is an outstanding addition to FACC's leadership team. Mr. XU brings a broad range of skills and expertise, including extensive experience in supply chain management, lean transformation, operational improvement and customer management. His past achievements, including his most recent role as Executive Vice President of ACS & Chairman of ACS UK, are testament to his outstanding leadership and commitment to excellence. With his global experience and deep understanding of the aerospace industry Mr. Xu will be an additional contributor to further strengthen the position of FACC as a leading provider of innovative solutions for the aviation industry. Announcement • Apr 09
FACC AG Appoints Florian Heindl as New Chief Financial Officer, with Effect from 1 May 2024 FACC AG announced that Mr. Florian Heindl has been appointed as the new Chief Financial Officer with effect from 1 May 2024. Florian Heindl has extensive experience in finance and has successfully worked in various management positions in renowned companies. His expertise and leadership skills will make a valuable contribution to the further development and success of FACC AG. New Risk • Mar 31
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 450% 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 Interest payments are not well covered by earnings (1.4x net interest cover). Minor Risk Large one-off items impacting financial results. Reported Earnings • Mar 29
Full year 2023 earnings released: EPS: €0.20 (vs €0.021 loss in FY 2022) Full year 2023 results: EPS: €0.20 (up from €0.021 loss in FY 2022). Revenue: €736.2m (up 21% from FY 2022). Net income: €9.11m (up €10.1m from FY 2022). Profit margin: 1.2% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 09
Third quarter 2023 earnings released: €0.32 loss per share (vs €0.21 loss in 3Q 2022) Third quarter 2023 results: €0.32 loss per share (further deteriorated from €0.21 loss in 3Q 2022). Revenue: €159.1m (up 6.5% from 3Q 2022). Net loss: €14.7m (loss widened 53% from 3Q 2022). Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €6.40, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 20x in the Aerospace & Defense industry in Europe. Total returns to shareholders of 15% over the past three years. New Risk • Aug 17
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.0x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 17
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: €192.0m (up 35% from 2Q 2022). Net income: €11.7m (up €11.6m from 2Q 2022). Profit margin: 6.1% (up from 0.1% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Aerospace & Defense industry in Germany. Breakeven Date Change • May 10
Forecast breakeven date moved forward to 2023 The 4 analysts covering FACC previously expected the company to break even in 2024. New consensus forecast suggests the company will make a profit of €1.50m in 2023. Earnings growth of 94% is required to achieve expected profit on schedule. Reported Earnings • May 04
First quarter 2023 earnings released: €0.08 loss per share (vs €0.013 loss in 1Q 2022) First quarter 2023 results: €0.08 loss per share (further deteriorated from €0.013 loss in 1Q 2022). Revenue: €162.7m (up 28% from 1Q 2022). Net loss: €3.70m (loss widened €3.09m from 1Q 2022). Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Breakeven Date Change • Apr 27
Forecast breakeven date pushed back to 2024 The 4 analysts covering FACC previously expected the company to break even in 2023. New consensus forecast suggests the company will make a profit of €13.3m in 2024. Average annual earnings growth of 74% is required to achieve expected profit on schedule. Breakeven Date Change • Apr 18
Forecast breakeven date moved forward to 2023 The 5 analysts covering FACC previously expected the company to break even in 2024. New consensus forecast suggests the company will make a profit of €2.28m in 2023. Earnings growth of 76% is required to achieve expected profit on schedule. Reported Earnings • Mar 31
Full year 2022 earnings released: €0.021 loss per share (vs €0.52 loss in FY 2021) Full year 2022 results: €0.021 loss per share (improved from €0.52 loss in FY 2021). Revenue: €607.0m (up 22% from FY 2021). Net loss: €984.0k (loss narrowed 96% from FY 2021). Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 19
Second quarter 2022 earnings released: EPS: €0.002 (vs €0.084 in 2Q 2021) Second quarter 2022 results: EPS: €0.002 (down from €0.084 in 2Q 2021). Revenue: €142.7m (up 17% from 2Q 2021). Net income: €94.0k (down 98% from 2Q 2021). Profit margin: 0.1% (down from 3.2% in 2Q 2021). Over the next year, revenue is forecast to grow 12%, compared to a 26% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Reported Earnings • May 06
First quarter 2022 earnings released: €0.013 loss per share (vs €0.015 loss in 1Q 2021) First quarter 2022 results: €0.013 loss per share (up from €0.015 loss in 1Q 2021). Revenue: €127.5m (up 7.9% from 1Q 2021). Net loss: €610.0k (loss narrowed 13% from 1Q 2021). Over the next year, revenue is forecast to grow 14%, compared to a 30% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. Buying Opportunity • Apr 07
Now 20% undervalued Over the last 90 days, the stock is up 2.1%. The fair value is estimated to be €9.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 23% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Apr 01
Full year 2021 earnings released: €0.52 loss per share (vs €1.68 loss in FY 2020) Full year 2021 results: €0.52 loss per share (up from €1.68 loss in FY 2020). Revenue: €497.6m (down 5.6% from FY 2020). Net loss: €23.6m (loss narrowed 69% from FY 2020). Over the next year, revenue is forecast to grow 11%, compared to a 22% growth forecast for the industry in Germany. 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. Reported Earnings • Nov 13
Third quarter 2021 earnings released: €0.044 loss per share (vs €0.45 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: €118.1m (up 16% from 3Q 2020). Net loss: €2.02m (loss narrowed 90% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 21
Second quarter 2021 earnings released: EPS €0.084 (vs €1.09 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €122.1m (up 24% from 2Q 2020). Net income: €3.85m (up €53.6m from 2Q 2020). Profit margin: 3.2% (up from net loss in 2Q 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Reported Earnings • May 07
First quarter 2021 earnings released: €0.015 loss per share (vs €0.19 profit in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: €118.1m (down 39% from 1Q 2020). Net loss: €698.0k (down 108% from profit in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 26
Full year 2020 earnings released: €1.68 loss per share (vs €0.55 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €526.9m (down 34% from FY 2019). Net loss: €77.0m (down 405% from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 27
New 90-day low: €8.32 The company is down 9.0% from its price of €9.12 on 27 November 2020. The German market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Aerospace & Defense industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.29 per share. Is New 90 Day High Low • Jan 22
New 90-day high: €11.00 The company is up 120% from its price of €5.00 on 23 October 2020. The German market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Aerospace & Defense industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €13.36 per share. Reported Earnings • Nov 20
Third quarter 2020 earnings released: €0.48 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: €100.7m (down 44% from 3Q 2019). Net loss: €22.0m (down €26.5m from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 60% 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. Is New 90 Day High Low • Oct 29
New 90-day low: €4.90 The company is down 8.0% from its price of €5.30 on 30 July 2020. The German market is down 5.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Aerospace & Defense industry, which is down 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.46 per share. Is New 90 Day High Low • Sep 25
New 90-day low: €4.94 The company is down 19% from its price of €6.10 on 26 June 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Aerospace & Defense industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.80 per share. 
