New Risk • Jul 21
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €87.6m (US$99.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.7x net interest cover). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (€87.6m market cap, or US$99.9m). Announcement • Jun 17
R. STAHL AG Confirms Earnings Guidance for the Year 2026 R. STAHL AG confirmed earnings guidance for the year 2026. For the year, the company expects group sales to be in the range between €285 million and €300 million. Announcement • May 27
R. STAHL AG Announces Chairman of the Board Changes The Supervisory Board of R. STAHL AG and Dr. Claus Bischoff, Chairman of the Management Board, mutually agreed to terminate their cooperation. Dr. Claus Bischoff has resigned from his office as member of the Management Board with immediate effect at his own request and for personal reasons. At the same time, a termination agreement regarding the Management Board service agreement was concluded, which will end upon expiry of 31 May 2026. Management Board member Tobias Popp will assume responsibility for the division previously managed by Dr. Bischoff until further notice. The Supervisory Board has already initiated steps for further succession planning. The Supervisory Board thanks Dr. Bischoff for his great commitment to R. STAHL AG, in particular for the economic stabilisation of the company that has been initiated and for the development and launch of the NEXUS future programme for corporate development. With this programme, Dr. Bischoff has created a basis for future-proof market positioning, portfolio alignment, structural development and sustainable internationalisation of the company. The NEXUS future programme will be continued by Management Board member Tobias Popp in continuous coordination with the Supervisory Board and further developed in view of rapidly changing framework conditions. The Supervisory Board regrets the departure of Dr. Bischoff and wishes him all the best and continued success for the future. Announcement • May 07
R. STAHL AG, Annual General Meeting, Jun 16, 2026 R. STAHL AG, Annual General Meeting, Jun 16, 2026, at 10:00 W. Europe Standard Time. Announcement • Feb 07
R. STAHL AG Announces Changes in Supervisory Board Leadership R. STAHL AG announced that at its meeting on February 6, 2026, the Supervisory Board elected Prof. Dr. Peter Hofmann as the new Chairman and Mr. Dennis Stahl as his Deputy. The vote became necessary after the Supervisory Board had previously removed the previous Chairman, Mr. Peter Leischner, from his position as Chairman of the Supervisory Board during the same meeting due to differences of opinion regarding the future work of the Supervisory Board. With immediate effect, the Supervisory Board elected Prof. Dr. Peter Hofmann as the new Chairman and Mr. Dennis Stahl as his Deputy. In accordance with the company’s Articles of Association, the election covers the remainder of the term of office, i.e. until the end of the 2028 Annual General Meeting. Prof. Dr. Hofmann has been a full member of the Supervisory Board since 2021, while Mr. Stahl was elected to the Supervisory Board in 2023. The previous Chairman of the Supervisory Board, Mr. Peter Leischner, will continue to be a member of the Supervisory Board until the end of his term of office. Announcement • Sep 17
R. Stahl Ag Announces Board Changes R. STAHL AG resolved to appoint Dr.Claus Bischoff as additional member of the Executive Board as Deputy Chairman with effect from 1 October 2025 and as Chairman of the Executive Board with effect from 1 January 2026. It also agreed to a contractual arrangement with Dr. Mathias Hallmann, CEO of R.STAHL, according to which he will step down from his position as Chairman of the Executive Board and leave the company early with effect as of the end of 31December 2025 at his own request and in accordance with the contractual arrangements reached with the Supervisory Board. The resolution was passed in the course of Dr. Hallmann's longstanding service contract as Chairman of the Executive Board, which is scheduled to end on 30September 2026. As part of its strategic succession planning process, the Supervisory Board had already identified Dr.Bischoff as a successor at the beginning of next year. Dr. Hallmann has stated that he will continue to perform his duties as Chairman of the Executive Board in full until the end of 2025 and will provide Dr.Bischoff with any support he may need during the transition process. Dr. Bischoff has many years of management experience with international companies in the automotive, electronics, mechatronics and automation technology sectors as well as in the development of global structures and digital business models. Announcement • Apr 24
R. STAHL AG, Annual General Meeting, Jun 03, 2025 R. STAHL AG, Annual General Meeting, Jun 03, 2025, at 10:00 W. Europe Standard Time. Announcement • Apr 11
R. STAHL AG Provides Earnings Guidance for the Full Year 2025 R. STAHL AG provided earnings guidance for the full year 2025. The company expects stable sales of between €340 million and €350 million. Reported Earnings • Aug 11
Second quarter 2024 earnings released: EPS: €0.57 (vs €0.28 in 2Q 2023) Second quarter 2024 results: EPS: €0.57 (up from €0.28 in 2Q 2023). Revenue: €90.2m (up 16% from 2Q 2023). Net income: €3.69m (up 102% from 2Q 2023). Profit margin: 4.1% (up from 2.4% in 2Q 2023). Revenue is forecast to grow 5.6% 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 71% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • May 09
First quarter 2024 earnings released: EPS: €0.33 (vs €0.60 in 1Q 2023) First quarter 2024 results: EPS: €0.33 (down from €0.60 in 1Q 2023). Revenue: €85.7m (up 8.2% from 1Q 2023). Net income: €2.11m (down 46% from 1Q 2023). Profit margin: 2.5% (down from 4.9% in 1Q 2023). Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. New Risk • Apr 18
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.06% Last year net profit margin: 0.7% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.8x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.06% net profit margin). Announcement • Nov 09
R. STAHL AG Provides Earnings Guidance for the Year 2023 R. STAHL AG provided earnings guidance for the year 2023. The company’s sales forecast in a range of EUR 305 million to EUR 320 million. Reported Earnings • Nov 08
Third quarter 2023 earnings released: EPS: €0.96 (vs €0.81 in 3Q 2022) Third quarter 2023 results: EPS: €0.96 (up from €0.81 in 3Q 2022). Revenue: €87.0m (up 16% from 3Q 2022). Net income: €6.21m (up 19% from 3Q 2022). Profit margin: 7.1% (up from 6.9% in 3Q 2022). Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. New Risk • Aug 10
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (10% operating cash flow to total debt). High level of non-cash earnings (22% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.9% average weekly change). Reported Earnings • Aug 10
Second quarter 2023 earnings released: EPS: €0.28 (vs €0.14 loss in 2Q 2022) Second quarter 2023 results: EPS: €0.28 (up from €0.14 loss in 2Q 2022). Revenue: €77.7m (up 13% from 2Q 2022). Net income: €1.83m (up €2.69m from 2Q 2022). Profit margin: 2.4% (up from net loss in 2Q 2022). Revenue is forecast to grow 9.8% 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 74% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 30
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to €22.60, 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 2.7% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €15.25 per share. Price Target Changed • May 14
Price target increased by 21% to €25.50 Up from €21.08, the current price target is an average from 2 analysts. New target price is 19% above last closing price of €21.40. Stock is up 65% over the past year. The company is forecast to post earnings per share of €1.82 for next year compared to €0.30 last year. Reported Earnings • Apr 28
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: €0.30 (up from €0.76 loss in FY 2021). Revenue: €279.4m (up 10% from FY 2021). Net income: €1.95m (up €6.85m from FY 2021). Profit margin: 0.7% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 9.1%. Earnings per share (EPS) also missed analyst estimates by 27%. Revenue is forecast to grow 8.8% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Price Target Changed • Nov 16
Price target decreased to €21.00 Down from €24.00, the current price target is provided by 1 analyst. New target price is 41% above last closing price of €14.90. Stock is down 23% over the past year. The company is forecast to post a net loss per share of €0.02 next year compared to a net loss per share of €0.76 last year. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: €0.80 (vs €0.013 loss in 3Q 2021) Third quarter 2022 results: EPS: €0.80 (up from €0.013 loss in 3Q 2021). Revenue: €74.9m (up 18% from 3Q 2021). Net income: €5.20m (up €5.29m from 3Q 2021). Profit margin: 6.9% (up from net loss in 3Q 2021). Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Announcement • Oct 28
R. STAHL AG, Annual General Meeting, Jun 29, 2023 R. STAHL AG, Annual General Meeting, Jun 29, 2023. Reported Earnings • Aug 14
Second quarter 2022 earnings released: €0.14 loss per share (vs €0.19 loss in 2Q 2021) Second quarter 2022 results: €0.14 loss per share (up from €0.19 loss in 2Q 2021). Revenue: €68.9m (up 4.6% from 2Q 2021). Net loss: €867.0k (loss narrowed 28% from 2Q 2021). Over the next year, revenue is forecast to grow 9.0%, compared to a 10% growth forecast for the 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 20% per year, which means it has not declined as severely as earnings. Reported Earnings • May 14
First quarter 2022 earnings: EPS exceeds analyst expectations First quarter 2022 results: €0.84 loss per share (down from €0.39 loss in 1Q 2021). Revenue: €62.5m (up 5.1% from 1Q 2021). Net loss: €5.41m (loss widened 116% from 1Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.3%. Over the next year, revenue is forecast to grow 7.7%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Price Target Changed • Apr 27
Price target decreased to €21.00 Down from €24.00, the current price target is provided by 1 analyst. New target price is 45% above last closing price of €14.50. Stock is down 40% over the past year. The company is forecast to post a net loss per share of €0.42 next year compared to a net loss per share of €0.76 last year. Reported Earnings • Apr 15
Full year 2021 earnings: EPS exceeds analyst expectations Full year 2021 results: €0.76 loss per share (down from €0.54 loss in FY 2020). Revenue: €253.6m (up 1.0% from FY 2020). Net loss: €4.91m (loss widened 40% from FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 21%. Over the next year, revenue is forecast to grow 4.0%, compared to a 9.8% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 16% per year. Reported Earnings • Nov 11
Third quarter 2021 earnings released: €0.01 loss per share (vs €0.096 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: €63.3m (up 4.3% from 3Q 2020). Net loss: €86.0k (loss narrowed 86% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Price Target Changed • Nov 09
Price target decreased to €28.00 Down from €31.00, the current price target is provided by 1 analyst. New target price is 41% above last closing price of €19.80. Stock is down 5.7% over the past year. The company is forecast to post a net loss per share of €1.01 next year compared to a net loss per share of €0.54 last year. Reported Earnings • Aug 13
Second quarter 2021 earnings released: €0.19 loss per share (vs €0.31 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: €65.8m (up 8.2% from 2Q 2020). Net loss: €1.20m (loss narrowed 40% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • May 13
First quarter 2021 earnings released: €0.39 loss per share (vs €0.099 loss in 1Q 2020) The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: €59.5m (down 10% from 1Q 2020). Net loss: €2.51m (loss widened 292% from 1Q 2020). 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 5% per year, which means it is significantly lagging earnings. Executive Departure • Apr 20
Member of Supervisory Board has left the company On the 15th of April, Rudolf Meier's tenure as Member of Supervisory Board ended after 9.9 years in the role. We don't have any record of a personal shareholding under Rudolf's name. A total of 2 executives have left over the last 12 months. Reported Earnings • Apr 17
Full year 2020 earnings released: €0.54 loss per share (vs €0.21 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: €251.1m (down 10.0% from FY 2019). Net loss: €3.50m (down 362% from profit in FY 2019). Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Executive Departure • Apr 01
Member of Executive Board & CFO has left the company On the 31st of March, Jürgen Linhard's tenure in the role of Member of Executive Board & CFO ended. We don't have any record of a personal shareholding under Jürgen's name. Jürgen is the only executive to leave the company over the last 12 months. Is New 90 Day High Low • Feb 27
New 90-day high: €25.20 The company is up 19% from its price of €21.20 on 27 November 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 2.0% over the same period. Is New 90 Day High Low • Jan 30
New 90-day high: €24.60 The company is up 27% from its price of €19.30 on 30 October 2020. The German market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 17% over the same period. Is New 90 Day High Low • Jan 14
New 90-day high: €24.20 The company is up 22% from its price of €19.90 on 15 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 13% over the same period. Is New 90 Day High Low • Dec 29
New 90-day high: €21.60 The company is up 15% from its price of €18.80 on 30 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 Machinery industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €29.58 per share. Is New 90 Day High Low • Nov 28
New 90-day high: €21.20 The company is up 11% from its price of €19.10 on 28 August 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 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €29.86 per share. Reported Earnings • Nov 14
Third quarter 2020 earnings released: €0.096 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: €60.7m (down 16% from 3Q 2019). Net loss: €617.0k (down 119% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Nov 14
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 8.3%. Earnings per share (EPS) exceeded analyst estimates by 17%. Over the next year, revenue is forecast to grow 4.0%, compared to a 2.5% growth forecast for the Machinery industry in Germany. Is New 90 Day High Low • Oct 06
New 90-day high: €20.80 The company is up 4.0% from its price of €20.00 on 08 July 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Machinery industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €29.38 per share.