Announcement • Apr 10
Jungheinrich Aktiengesellschaft, Annual General Meeting, May 19, 2026 Jungheinrich Aktiengesellschaft, Annual General Meeting, May 19, 2026, at 10:00 W. Europe Standard Time. Announcement • Mar 28
Jungheinrich Aktiengesellschaft announces Annual dividend, payable on May 22, 2026 Jungheinrich Aktiengesellschaft announced Annual dividend of EUR 0.2900 per share payable on May 22, 2026, ex-date on May 20, 2026 and record date on May 21, 2026. Announcement • Feb 06
Jungheinrich Aktiengesellschaft to Report Fiscal Year 2025 Results on Mar 27, 2026 Jungheinrich Aktiengesellschaft announced that they will report fiscal year 2025 results on Mar 27, 2026 Buy Or Sell Opportunity • Aug 18
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.3% to €32.64. The fair value is estimated to be €40.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 5.4% per annum. Earnings are also forecast to grow by 18% per annum over the same time period. Reported Earnings • Nov 16
Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2024 results: EPS: €0.70. Revenue: €1.30b (down 4.5% from 3Q 2023). Net income: €71.0m (up 4.1% from 3Q 2023). Profit margin: 5.5% (up from 5.0% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 6.1%. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. New Risk • Aug 12
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 18% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Aug 11
Second quarter 2024 earnings: Revenues miss analyst expectations Second quarter 2024 results: Revenue: €1.35b (down 1.4% from 2Q 2023). Net income: €75.2m (flat on 2Q 2023). Profit margin: 5.6% (up from 5.5% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.0%. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Germany. Upcoming Dividend • May 09
Upcoming dividend of €0.75 per share Eligible shareholders must have bought the stock before 16 May 2024. Payment date: 20 May 2024. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.3%). Reported Earnings • May 07
First quarter 2024 earnings released First quarter 2024 results: EPS: €0.68. Revenue: €1.27b (down 1.3% from 1Q 2023). Net income: €67.9m (down 23% from 1Q 2023). Profit margin: 5.3% (down from 6.8% in 1Q 2023). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Germany. Reported Earnings • Mar 30
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: €2.93 (up from €2.64 in FY 2022). Revenue: €5.55b (up 16% from FY 2022). Net income: €299.3m (up 11% from FY 2022). Profit margin: 5.4% (down from 5.7% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.5%. Earnings per share (EPS) missed analyst estimates by 3.0%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Buying Opportunity • Dec 28
Now 20% undervalued Over the last 90 days, the stock is up 16%. The fair value is estimated to be €41.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 22%. For the next 3 years, revenue is forecast to grow by 3.1% per annum. Earnings is also forecast to grow by 2.1% per annum over the same time period. Reported Earnings • Nov 13
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations Third quarter 2023 results: EPS: €0.67. Revenue: €1.36b (up 14% from 3Q 2022). Net income: €68.2m (down 4.5% from 3Q 2022). Profit margin: 5.0% (down from 6.0% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) also surpassed analyst estimates by 9.5%. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Machinery industry in Germany. Announcement • Aug 25
Jungheinrich Aktiengesellschaft (XTRA:JUN3) acquired remaining stake in Magazino GmbH from founders Frederik Brantner, Lukas Zanger, and shareholders New-Cell, Inc., FIEGE Logistik Stiftung & Co. KG, Körber AG, others. Jungheinrich Aktiengesellschaft (XTRA:JUN3) acquired remaining stake in Magazino GmbH from founders Frederik Brantner, Lukas Zanger, and shareholders New-Cell, Inc., FIEGE Logistik Stiftung & Co. KG, Körber AG, others on August 23, 2023. Magazino will continue to grow as an independent company within the Jungheinrich Group and also in particular make use of the Group’s global sales and service network and will remain under the management of both Co-Founders Frederik Brantner and Lukas Zanger as well as Dr. Moritz Tenorth. The Magazino brand will be retained and the company will continue to work with external integration partners and customers.Jungheinrich Aktiengesellschaft (XTRA:JUN3) completed the acquisition of remaining stake in Magazino GmbH from founders Frederik Brantner, Lukas Zanger, and shareholders New-Cell, Inc., FIEGE Logistik Stiftung & Co. KG, Körber AG, others on August 23, 2023 New Risk • Aug 17
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 8.9% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 14
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: €1.37b (up 20% from 2Q 2022). Net income: €74.7m (up 40% from 2Q 2022). Profit margin: 5.5% (up from 4.7% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Machinery industry in Germany. Upcoming Dividend • May 05
Upcoming dividend of €0.68 per share at 2.0% yield Eligible shareholders must have bought the stock before 12 May 2023. Payment date: 16 May 2023. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.8%). Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €35.02, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Machinery industry in Germany. Total returns to shareholders of 125% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €40.26 per share. Announcement • Jan 26
Jungheinrich Aktiengesellschaft (XTRA:JUN3) entered into a definitive agreement to acquire Storage Solutions, Inc. from Merit Capital Partners, MFG Partners LLC and management of Storage Solutions for approximately $380 million Jungheinrich Aktiengesellschaft (XTRA:JUN3) entered into a definitive agreement to acquire Storage Solutions, Inc. from Merit Capital Partners, MFG Partners LLC and management of Storage Solutions for approximately $380 million on January 25, 2023. The total consideration consists of a purchase price of approximately USD 375 million and a flexible, performance-based component in the mid to high single digit percentage range of the purchase price which can be achieved by the retained Storage Solutions management over three years following completion of the transaction. The acquisition will be financed with available cash and debt with limited leverage impact. For 2022, Storage Solutions reports revenues of approximately USD 290 million and an adjusted EBIT of approximately USD 34 million. The deal is subject to receipt of the merger control clearance in the United States. The executive board and supervisory board of Jungheinrich have approved the transaction. The completion of the acquisition, which is expected to take place in the second quarter of 2023. The acquisition is expected to be accretive to EPS, free cash flow per share and adjusted EBIT margin from the beginning. Morgan Stanley & Co. International plc is acting as financial advisor to Jungheinrich and Freshfields Bruckhaus Deringer is acting as legal advisor, while Deloitte has provided support during the due diligence process. Baird is acting as financial advisor to Storage Solutions and Goodwin Procter LLP is acting as legal advisor. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment improved over the past week After last week's 16% share price gain to €28.96, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Machinery industry in Germany. Total returns to shareholders of 35% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €32.35 per share. Valuation Update With 7 Day Price Move • Sep 20
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €20.00, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 10x in the Machinery industry in Germany. Total returns to shareholders of 5.8% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €34.05 per share. Reported Earnings • Aug 15
Second quarter 2022 earnings: Revenues exceed analyst expectations Second quarter 2022 results: Revenue: €1.14b (up 11% from 2Q 2021). Net income: €53.5m (down 24% from 2Q 2021). Profit margin: 4.7% (down from 6.9% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.2%. Over the next year, revenue is forecast to grow 1.4%, compared to a 10% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 07
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: €0.48. Revenue: €1.06b (up 11% from 1Q 2021). Net income: €49.5m (down 1.2% from 1Q 2021). Profit margin: 4.7% (down from 5.2% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) also surpassed analyst estimates by 7.0%. Over the next year, revenue is forecast to grow 2.4%, compared to a 9.1% growth forecast for the industry in Germany. Upcoming Dividend • May 04
Upcoming dividend of €0.68 per share Eligible shareholders must have bought the stock before 11 May 2022. Payment date: 13 May 2022. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (4.1%). Higher than average of industry peers (2.5%). Price Target Changed • Apr 22
Price target decreased to €36.32 Down from €39.23, the current price target is an average from 11 analysts. New target price is 39% above last closing price of €26.16. Stock is down 41% over the past year. The company is forecast to post earnings per share of €1.91 for next year compared to €2.61 last year. Reported Earnings • Apr 03
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: €2.62 (up from €1.48 in FY 2020). Revenue: €4.24b (up 11% from FY 2020). Net income: €266.2m (up 76% from FY 2020). Profit margin: 6.3% (up from 4.0% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 7.0%. Over the next year, revenue is forecast to stay flat compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 12
Third quarter 2021 earnings released: EPS €0.61 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €1.03b (up 12% from 3Q 2020). Net income: €62.5m (up 71% from 3Q 2020). Profit margin: 6.1% (up from 4.0% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS €0.69 (vs €0.28 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €1.03b (up 17% from 2Q 2020). Net income: €70.6m (up 150% from 2Q 2020). Profit margin: 6.9% (up from 3.2% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 09
First quarter 2021 earnings released: EPS €0.49 The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €959.0m (up 4.2% from 1Q 2020). Net income: €50.1m (up 57% from 1Q 2020). Profit margin: 5.2% (up from 3.5% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Upcoming Dividend • May 05
Upcoming dividend of €0.43 per share Eligible shareholders must have bought the stock before 12 May 2021. Payment date: 14 May 2021. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (3.1%). In line with average of industry peers (1.1%). Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment improved over the past week After last week's 17% share price gain to €47.56, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 25x in the Machinery industry in Germany. Total returns to shareholders of 38% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €29.30 per share. Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment improved over the past week After last week's 20% share price gain to €42.10, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 24x in the Machinery industry in Germany. Total returns to shareholders of 24% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €36.11 per share. Price Target Changed • Mar 31
Price target increased to €37.70 Up from €35.11, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of €39.24. Stock is up 183% over the past year. Reported Earnings • Mar 27
Full year 2020 earnings released: EPS €1.48 (vs €1.74 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €3.81b (down 6.5% from FY 2019). Net income: €151.3m (down 15% from FY 2019). Profit margin: 4.0% (down from 4.3% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Jan 07
New 90-day high: €40.50 The company is up 20% from its price of €33.88 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €28.42 per share. Is New 90 Day High Low • Dec 11
New 90-day high: €38.14 The company is up 35% from its price of €28.24 on 11 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €29.02 per share. Reported Earnings • Nov 12
Third quarter 2020 earnings released: EPS €0.36 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: €922.0m (down 9.3% from 3Q 2019). Net income: €36.6m (down 22% from 3Q 2019). Profit margin: 4.0% (down from 4.6% in 3Q 2019). The decrease in margin was driven by lower revenue. 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 1% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Nov 12
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 0.03%. Earnings per share (EPS) missed analyst estimates by 1.5%. Over the next year, revenue is forecast to grow 1.4%, compared to a 1.9% growth forecast for the Machinery industry in Germany. Is New 90 Day High Low • Nov 11
New 90-day high: €36.70 The company is up 28% from its price of €28.60 on 13 August 2020. The German market is flat 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 €12.05 per share. Valuation Update With 7 Day Price Move • Nov 05
Market bids up stock over the past week After last week's 17% share price gain to €36.00, the stock is trading at a trailing P/E ratio of 24.4x, up from the previous P/E ratio of 20.8x. This compares to an average P/E of 30x in the Machinery industry in Germany. Total return to shareholders over the past three years is a loss of 2.6%. Valuation Update With 7 Day Price Move • Oct 30
Market pulls back on stock over the past week After last week's 16% share price decline to €30.78, the stock is trading at a trailing P/E ratio of 20.8x, down from the previous P/E ratio of 24.8x. This compares to an average P/E of 28x in the Machinery industry in Germany. Total return to shareholders over the past three years is a loss of 17%. Price Target Changed • Oct 22
Price target raised to €30.58 Up from €26.50, the current price target is an average from 13 analysts. The new target price is 14% below the current share price of €35.54. As of last close, the stock is up 54% over the past year. Is New 90 Day High Low • Oct 09
New 90-day high: €33.88 The company is up 65% from its price of €20.52 on 10 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 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €12.49 per share.