New Risk • May 21
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 9.6% 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. Announcement • Apr 09
Alfen N.V., Annual General Meeting, May 20, 2026 Alfen N.V., Annual General Meeting, May 20, 2026. Location: beursplein 5, 1012 jw, amsterdam Netherlands Announcement • Oct 29
Alfen N.V. to Report Q1, 2026 Results on May 12, 2026 Alfen N.V. announced that they will report Q1, 2026 results at 7:00 PM, Central European Standard Time on May 12, 2026 Announcement • Aug 21
Alfen N.V. to Report Fiscal Year 2025 Results on Feb 10, 2026 Alfen N.V. announced that they will report fiscal year 2025 results on Feb 10, 2026 Announcement • Mar 10
Alfen N.V., Annual General Meeting, Apr 08, 2025 Alfen N.V., Annual General Meeting, Apr 08, 2025. Location: hefbrugweg 79 1332 am almere, Netherlands Announcement • Nov 08
Alfen N.V. to Report First Half, 2025 Results on Aug 20, 2025 Alfen N.V. announced that they will report first half, 2025 results on Aug 20, 2025 Valuation Update With 7 Day Price Move • Sep 06
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to €12.20, the stock trades at a forward P/E ratio of 72x. Average forward P/E is 12x in the Electrical industry in Germany. Total loss to shareholders of 88% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €16.43 per share. Buy Or Sell Opportunity • Aug 29
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 57% to €15.25. The fair value is estimated to be €19.29, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 43% per annum over the same time period. Reported Earnings • Aug 26
First half 2024 earnings released: €0.51 loss per share (vs €0.43 profit in 1H 2023) First half 2024 results: €0.51 loss per share (down from €0.43 profit in 1H 2023). Revenue: €245.7m (up 9.7% from 1H 2023). Net loss: €11.1m (down 218% from profit in 1H 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 43% per year, which means it is significantly lagging earnings. New Risk • Aug 22
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 45% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (15% average weekly change). Minor Risks High level of debt (45% net debt to equity). Profit margins are more than 30% lower than last year (1.8% net profit margin). Announcement • Aug 02
Alfen N.V. to Report Fiscal Year 2024 Results on Feb 13, 2025 Alfen N.V. announced that they will report fiscal year 2024 results on Feb 13, 2025 Buy Or Sell Opportunity • Jul 02
Now 55% undervalued after recent price drop Over the last 90 days, the stock has fallen 60% to €18.15. The fair value is estimated to be €40.70, 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 32%. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings are also forecast to grow by 18% per annum over the same time period. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment deteriorates as stock falls 50% After last week's 50% share price decline to €17.02, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 21x in the Electrical industry in Germany. Total loss to shareholders of 78% over the past three years. Buy Or Sell Opportunity • Jun 27
Now 57% undervalued after recent price drop Over the last 90 days, the stock has fallen 66% to €17.02. The fair value is estimated to be €39.16, 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 32%. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings are also forecast to grow by 20% per annum over the same time period. Valuation Update With 7 Day Price Move • May 22
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €36.45, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 22x in the Electrical industry in Germany. Total loss to shareholders of 45% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €37.99 per share. Buy Or Sell Opportunity • May 17
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 31% to €41.73. The fair value is estimated to be €53.35, 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 32%. For the next 3 years, revenue is forecast to grow by 18% per annum. Earnings are also forecast to grow by 22% per annum over the same time period. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €38.40, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 18x in the Electrical industry in Germany. Total loss to shareholders of 39% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €53.44 per share. Buy Or Sell Opportunity • Apr 16
Now 28% undervalued after recent price drop Over the last 90 days, the stock has fallen 31% to €38.40. The fair value is estimated to be €53.44, 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 32%. For the next 3 years, revenue is forecast to grow by 19% per annum. Earnings are also forecast to grow by 23% per annum over the same time period. Buy Or Sell Opportunity • Mar 13
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 10% to €47.19. The fair value is estimated to be €59.71, 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 32%. For the next 3 years, revenue is forecast to grow by 19% per annum. Earnings are also forecast to grow by 22% per annum over the same time period. Reported Earnings • Feb 14
Full year 2023 earnings released: EPS: €1.37 (vs €2.45 in FY 2022) Full year 2023 results: EPS: €1.37 (down from €2.45 in FY 2022). Revenue: €504.5m (up 15% from FY 2022). Net income: €29.7m (down 44% from FY 2022). Profit margin: 5.9% (down from 12% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Jan 21
Alfen N.V. to Report Q4, 2023 Results on Feb 13, 2024 Alfen N.V. announced that they will report Q4, 2023 results at 2:00 PM, Central European Standard Time on Feb 13, 2024 New Risk • Nov 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 German stocks, typically moving 11% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (11% average weekly change). High level of non-cash earnings (72% accrual ratio). Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €33.53, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 14x in the Electrical 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 €49.70 per share. Buying Opportunity • Oct 13
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 38%. The fair value is estimated to be €45.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 37% over the last 3 years. Earnings per share has grown by 52%. For the next 3 years, revenue is forecast to grow by 21% per annum. Earnings is also forecast to grow by 24% per annum over the same time period. Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €35.00, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 14x in the Electrical 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 €42.56 per share. Reported Earnings • Aug 25
First half 2023 earnings released: EPS: €0.43 (vs €1.13 in 1H 2022) First half 2023 results: EPS: €0.43 (down from €1.13 in 1H 2022). Revenue: €223.9m (up 9.0% from 1H 2022). Net income: €9.38m (down 62% from 1H 2022). Profit margin: 4.2% (down from 12% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €51.72, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 15x in the Electrical industry in Europe. Total loss to shareholders of 14% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €88.31 per share. Buying Opportunity • Aug 02
Now 25% undervalued after recent price drop Over the last 90 days, the stock is down 21%. The fair value is estimated to be €78.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 37% over the last 3 years. Earnings per share has grown by 66%. For the next 3 years, revenue is forecast to grow by 20% per annum. Earnings is also forecast to grow by 20% per annum over the same time period. Valuation Update With 7 Day Price Move • May 18
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €66.36, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 17x in the Electrical industry in Europe. Total returns to shareholders of 152% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €60.85 per share. Reported Earnings • Feb 17
Full year 2022 earnings released: EPS: €2.45 (vs €0.99 in FY 2021) Full year 2022 results: EPS: €2.45 (up from €0.99 in FY 2021). Revenue: €439.9m (up 76% from FY 2021). Net income: €53.0m (up 147% from FY 2021). Profit margin: 12% (up from 8.6% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €86.50, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 25x in the Electrical industry in Germany. Total returns to shareholders of 492% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €99.55 per share. Buying Opportunity • Oct 29
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 7.8%. The fair value is estimated to be €137, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 69%. For the next 3 years, revenue is forecast to grow by 24% per annum. Earnings is also forecast to grow by 28% per annum over the same time period. Recent Insider Transactions • Sep 06
Key Executive recently sold €2.2m worth of stock On the 1st of September, Marco Roeleveld sold around 20k shares on-market at roughly €112 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Marco's only on-market trade for the last 12 months. Reported Earnings • Aug 26
First half 2022 earnings released: EPS: €1.13 (vs €0.42 in 1H 2021) First half 2022 results: EPS: €1.13 (up from €0.42 in 1H 2021). Revenue: €205.5m (up 78% from 1H 2021). Net income: €24.6m (up 172% from 1H 2021). Profit margin: 12% (up from 7.8% in 1H 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 36%, compared to a 18% growth forecast for the Electrical 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 increased by 110% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Mar 18
Now 20% undervalued Over the last 90 days, the stock is up 7.3%. The fair value is estimated to be €110, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% per annum over the last 3 years. The company has become profitable over the last 3 years. Buying Opportunity • Mar 02
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 4.6%. The fair value is estimated to be €105, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% per annum over the last 3 years. The company has become profitable over the last 3 years. Reported Earnings • Feb 18
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: €0.99 (up from €0.57 in FY 2020). Revenue: €249.7m (up 32% from FY 2020). Net income: €21.5m (up 79% from FY 2020). Profit margin: 8.6% (up from 6.3% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.5%. Over the next year, revenue is forecast to grow 34%, compared to a 16% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has increased by 83% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 30
First half 2021 earnings released: EPS €0.42 (vs €0.24 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €115.3m (up 28% from 1H 2020). Net income: €9.02m (up 84% from 1H 2020). Profit margin: 7.8% (up from 5.4% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 87% per year whereas the company’s share price has increased by 90% per year. Recent Insider Transactions • May 22
CFO & Member of the Management Board recently sold €2.2m worth of stock On the 18th of May, Jeroen van Rossen sold around 35k shares on-market at roughly €64.00 per share. This was the largest sale by an insider in the last 3 months. Jeroen has been a seller over the last 12 months, reducing personal holdings by €3.1m. Is New 90 Day High Low • Mar 05
New 90-day low: €64.70 The company is down 2.0% from its price of €65.90 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 Electrical industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €54.01 per share. Reported Earnings • Feb 20
Full year 2020 earnings released: EPS €0.57 (vs €0.28 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €189.0m (up 32% from FY 2019). Net income: €12.0m (up 113% from FY 2019). Profit margin: 6.3% (up from 3.9% in FY 2019). The increase in margin was driven by higher revenue. Analyst Estimate Surprise Post Earnings • Feb 20
Revenue misses expectations Revenue missed analyst estimates by 4.2%. Over the next year, revenue is forecast to grow 33%, compared to a 16% growth forecast for the Electrical industry in Germany. Announcement • Jan 13
Alfen N.V., Annual General Meeting, Apr 08, 2021 Alfen N.V., Annual General Meeting, Apr 08, 2021. Is New 90 Day High Low • Dec 24
New 90-day high: €77.10 The company is up 49% from its price of €51.90 on 25 September 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €65.09 per share. Is New 90 Day High Low • Dec 08
New 90-day high: €74.40 The company is up 33% from its price of €55.80 on 09 September 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €59.52 per share. Is New 90 Day High Low • Nov 20
New 90-day high: €65.10 The company is up 41% from its price of €46.15 on 21 August 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €57.66 per share. Is New 90 Day High Low • Oct 16
New 90-day high: €63.60 The company is up 55% from its price of €41.05 on 17 July 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €69.30 per share. Announcement • Aug 30
Alfen N.V. to Report Fiscal Year 2020 Results on Feb 17, 2021 Alfen N.V. announced that they will report fiscal year 2020 results on Feb 17, 2021 Announcement • Jun 18
Alfen N.V. has completed a Follow-on Equity Offering in the amount of €50.75 million. Alfen N.V. has completed a Follow-on Equity Offering in the amount of €50.75 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,750,000
Price\Range: €29
Transaction Features: Regulation S; Subsequent Direct Listing