Applus Services (DB:39A) - Stock Price, News & Analysis

39A Stock Overview

Applus Services, S.A., together with its subsidiaries, provides testing, inspection, and certification services.

39A fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	4/6
Past Performance	1/6
Financial Health	3/6
Dividends	2/6

Rewards

Trading at 46.3% below our estimate of its fair value

Earnings are forecast to grow 34.43% per year

Risk Analysis

Has a high level of debt

Large one-off items impacting financial results

Profit margins (1.3%) are lower than last year (3.1%)

Applus Services, S.A. Competitors

Bertrandt

XTRA:BDT

€415.3m

Bilfinger

XTRA:GBF

€1.7b

Amadeus FiRe

XTRA:AAD

€628.0m

Avemio

DUSE:3D6

€21.1m

Price History & Performance

Summary of all time highs, changes and price drops for Applus Services
Historical stock prices
Current Share Price	€11.42
52 Week High	€11.52
52 Week Low	€7.27
Beta	0.96
1 Month Change	2.24%
3 Month Change	7.03%
1 Year Change	57.19%
3 Year Change	31.11%
5 Year Change	3.44%
Change since IPO	-26.79%

Recent updates

Shareholder Returns

	39A	DE Professional Services	DE Market
7D	0%	-1.4%	1.7%
1Y	57.2%	-22.2%	2.3%

Return vs Industry: 39A exceeded the German Professional Services industry which returned -20.1% over the past year.

Return vs Market: 39A exceeded the German Market which returned 2.2% over the past year.

Price Volatility

Is 39A's price volatile compared to industry and market?
39A volatility
39A Average Weekly Movement	2.2%
Professional Services Industry Average Movement	4.9%
Market Average Movement	4.8%
10% most volatile stocks in DE Market	10.1%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: 39A has not had significant price volatility in the past 3 months.

Volatility Over Time: 39A's weekly volatility (2%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1996	26,770	Joan I. Casas	www.applus.com

Applus Services, S.A., together with its subsidiaries, provides testing, inspection, and certification services. It operates through four segments: Applus+ Energy & Industry, Applus+ Laboratories, Applus+ Automotive, and Applus+ IDIADA. The Applus+ Energy & Industry segment offers non-destructive testing, quality accreditation and control, project management, supplier inspection, and facility inspection and asset certification and integrity services.

Applus Services, S.A. Fundamentals Summary

How do Applus Services's earnings and revenue compare to its market cap?
39A fundamental statistics
Market cap	€1.47b
Earnings (TTM)	€26.11m
Revenue (TTM)	€2.06b

56.5x

P/E Ratio

0.7x

P/S Ratio

Is 39A overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
39A income statement (TTM)
Revenue	€2.06b
Cost of Revenue	€1.34b
Gross Profit	€719.37m
Other Expenses	€693.27m
Earnings	€26.11m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

Jul 30, 2024

Earnings per share (EPS)	0.20
Gross Margin	34.96%
Net Profit Margin	1.27%
Debt/Equity Ratio	149.6%

How did 39A perform over the long term?

See historical performance and comparison

Dividends

1.4%

Current Dividend Yield

46%

Payout Ratio

39A Stock Overview

Rewards

Risk Analysis

Applus Services, S.A. Competitors

XTRA:BDT

€415.3m

XTRA:GBF

€1.7b

XTRA:AAD

€628.0m

DUSE:3D6

€21.1m

Price History & Performance

Recent News & Updates

Full year 2023 earnings released: EPS: €0.21 (vs €0.35 in FY 2022)

Applus Services, S.A. to Report First Half, 2024 Results on Jul 30, 2024

Applus Services, S.A. (BME:APPS) acquired Barlovento Recursos Naturales, S.L.

ISQ Global Infrastructure Fund III (UST), L.P. a fund managed by ISQ Global Infrastructure Fund III (UST), L.P. and TDR Capital V L.P. a fund managed by TDR Capital LLP made a voluntary and and competing takeover offer to acquire Applus Services, S.A. (BME:APPS) for approximately €1.2 billion.

First half 2023 earnings released: EPS: €0.24 (vs €0.19 in 1H 2022)

Applus Services, S.A. Revises Organic Revenue Guidance for the Full Year 2023

Recent updates

Full year 2023 earnings released: EPS: €0.21 (vs €0.35 in FY 2022)

Applus Services, S.A. to Report First Half, 2024 Results on Jul 30, 2024

Applus Services, S.A. (BME:APPS) acquired Barlovento Recursos Naturales, S.L.

ISQ Global Infrastructure Fund III (UST), L.P. a fund managed by ISQ Global Infrastructure Fund III (UST), L.P. and TDR Capital V L.P. a fund managed by TDR Capital LLP made a voluntary and and competing takeover offer to acquire Applus Services, S.A. (BME:APPS) for approximately €1.2 billion.

First half 2023 earnings released: EPS: €0.24 (vs €0.19 in 1H 2022)

Applus Services, S.A. Revises Organic Revenue Guidance for the Full Year 2023

Upcoming dividend of €0.13 per share at 1.8% yield

I Squared Capital Considers Takeover Bid for Applus

Ten Oaks Capital completed the acquisition of Non-destructive asset testing and inspection business and operations of Applus+.

Ten Oaks Capital completed the acquisition of Non-destructive asset testing and inspection business and operations of Applus+.

Ten Oaks Capital completed the acquisition of Non-destructive asset testing and inspection business and operations of Applus+.

Applus Services, S.A. (BME:APPS) acquired Rescoll SARL.

Applus Services, S.A. (BME:APPS) acquired Suzhou Chunfen Test Technology Services Co., Ltd.

Applus Confirms Takeover Interests, Does Not Identify Potential Bidders

Investor sentiment improves as stock rises 17%

Full year 2022 earnings released: EPS: €0.36 (vs €0.23 in FY 2021)

Applus Services, S.A. to Report Fiscal Year 2023 Results on Feb 27, 2024

Opus Inspection, Inc. agreed to acquire Applus Technologies, Inc. from Applus Services, S.A.

A-Katsastus Oy acquired K1 Katsastajat Oy from Applus Services, S.A. (BME:APPS).

Applus Services, S.A. to Report Q2, 2023 Results on Jul 25, 2023

First half 2022 earnings released

Applus Services, S.A. (BME:APPS) acquired jtsec.

Applus Services, S.A. (BME:APPS) announced the agreement to acquire K2 Ingeniería S.A.S.

Upcoming dividend of €0.12 per share

Entidad Idv Madrid Sociedad Limitada acquired Applus Services, S.A. (BME:APPS).

High number of new directors

Investor sentiment deteriorated over the past week

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Applus Services, S.A. Provides Revenue Guidance for the Year 2022

Applus Services, S.A. (BME:APPS) acquired Lightship Security, Inc.

High number of new directors

High number of new directors

First half 2021 earnings released: EPS €0.10 (vs €1.19 loss in 1H 2020)

Applus Services, S.A. (BME : APPS) acquired Enertis Solar Sl.

Upcoming dividend of €0.12 per share

Applus Services, S.A. (BME:APPS) acquired Ima Materialforschung Und Anwendungstechnik Gmbh.

Full year 2020 earnings released: €1.11 loss per share (vs €0.39 profit in FY 2019)

Revenue misses expectations

Applus Services, S.A. to Report Q3, 2021 Results on Oct 26, 2021

New 90-day high: €9.00

New 90-day high: €8.82

Applus Services, S.A. (BME:APPS) agreed to acquire Soil and Foundation Company Limited and Geotechnical and Environmental Company (“SAFCO”) from the founding partners for €25 million.

New 90-day high: €8.47

Applus Services, S.A. (BME:APPS) acquired QPS Evaluation Services Inc. from the founding partners for CAD 65 million.

Applus Services, S.A. (BME:APPS) completed the acquisition of Besikta Bilprovning i Sverige AB from Volati AB (OM:VOLO).

New 90-day high: €7.67

Applus Services, S.A. (BME:APPS) acquired Reliable Analysis Incorporated from founding family for €67 million.

New 90-day low: €6.15

Shareholder Returns

Price Volatility

About the Company

Applus Services, S.A. Fundamentals Summary

56.5x

0.7x

Earnings & Revenue

Dividends

1.4%

46%