Buy Or Sell Opportunity • May 07
Now 27% undervalued after recent price drop Over the last 90 days, the stock has fallen 23% to €4.02. The fair value is estimated to be €5.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.6% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 2.5% per annum. Earnings are also forecast to grow by 8.1% per annum over the same time period. Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €4.76, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Entertainment industry in Germany. Total returns to shareholders of 20% over the past three years. Upcoming Dividend • Mar 19
Upcoming dividend of €0.30 per share Eligible shareholders must have bought the stock before 26 March 2026. Payment date: 30 March 2026. Payout ratio is a comfortable 55% but the company is paying out more than the cash it is generating. Trailing yield: 5.3%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.5%). Announcement • Feb 16
Edel SE & Co. KGaA, Annual General Meeting, Mar 25, 2026 Edel SE & Co. KGaA, Annual General Meeting, Mar 25, 2026, at 10:30 W. Europe Standard Time. Declared Dividend • Feb 16
Dividend of €0.30 announced Dividend of €0.30 is the same as last year. Ex-date: 26th March 2026 Payment date: 30th March 2026 Dividend yield will be 5.8%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (55% earnings payout ratio) but not covered by cash flows (135% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 13% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • Feb 14
Edel SE & Co. KGaA announces Annual dividend, payable on March 30, 2026 Edel SE & Co. KGaA announced Annual dividend of EUR 0.3000 per share payable on March 30, 2026, ex-date on March 26, 2026 and record date on March 27, 2026. Reported Earnings • Feb 01
Full year 2025 earnings released: EPS: €0.60 (vs €0.52 in FY 2024) Full year 2025 results: EPS: €0.60 (up from €0.52 in FY 2024). Revenue: €274.3m (up 6.1% from FY 2024). Net income: €12.8m (up 16% from FY 2024). Profit margin: 4.7% (up from 4.3% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Entertainment industry in Germany. Over the last 3 years on average, earnings per share has increased by 2% per year and the company’s share price has also increased by 2% per year. New Risk • Jan 13
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Minor Risk Latest financial reports are more than 6 months old (reported March 2025 fiscal period end). New Risk • Jul 30
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €86.8m (US$99.2m) 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 Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (€86.8m market cap, or US$99.2m). Reported Earnings • Jul 01
First half 2025 earnings released: EPS: €0.25 (vs €0.27 in 1H 2024) First half 2025 results: EPS: €0.25 (down from €0.27 in 1H 2024). Revenue: €128.1m (flat on 1H 2024). Net income: €5.41m (down 7.0% from 1H 2024). Profit margin: 4.2% (down from 4.5% in 1H 2024). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Entertainment industry in Germany. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. New Risk • Apr 02
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €95.3m (US$102.9m) 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 Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (€95.3m market cap, or US$102.9m). Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €4.14, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 27x in the Entertainment industry in Germany. Total loss to shareholders of 2.3% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of €0.30 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 01 April 2025. Payout ratio is a comfortable 58% but the company is not cash flow positive. Trailing yield: 6.4%. Within top quartile of German dividend payers (4.4%). Higher than average of industry peers (1.8%). New Risk • Mar 20
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 Paying a dividend despite having no free cash flows. Declared Dividend • Feb 21
Dividend of €0.30 announced Dividend of €0.30 is the same as last year. Ex-date: 28th March 2025 Payment date: 1st April 2025 Dividend yield will be 6.6%, which is higher than the industry average of 1.4%. Sustainability & Growth The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to remain steady over the next 3 years, which should provide adequate earnings cover for the dividend. Announcement • Feb 20
Edel SE & Co. KGaA announces Annual dividend, payable on April 01, 2025 Edel SE & Co. KGaA announced Annual dividend of EUR 0.3000 per share payable on April 01, 2025, ex-date on March 28, 2025 and record date on March 31, 2025. Announcement • Feb 19
Edel SE & Co. KGaA, Annual General Meeting, Mar 27, 2025 Edel SE & Co. KGaA, Annual General Meeting, Mar 27, 2025, at 10:30 W. Europe Standard Time. New Risk • Jan 14
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. Minor Risks High level of debt (72% net debt to equity). Latest financial reports are more than 6 months old (reported March 2024 fiscal period end). Market cap is less than US$100m (€94.0m market cap, or US$96.4m). New Risk • Dec 19
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. Minor Risk High level of debt (72% net debt to equity). New Risk • Dec 10
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €94.9m (US$99.7m) 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: Minor Risks High level of debt (72% net debt to equity). Market cap is less than US$100m (€94.9m market cap, or US$99.7m). Price Target Changed • Aug 08
Price target decreased by 9.7% to €8.58 Down from €9.50, the current price target is an average from 2 analysts. New target price is 118% above last closing price of €3.94. Stock is down 6.6% over the past year. The company is forecast to post earnings per share of €0.61 for next year compared to €0.57 last year. New Risk • Jun 14
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €91.1m (US$97.4m) 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: Minor Risks High level of debt (79% net debt to equity). Market cap is less than US$100m (€91.1m market cap, or US$97.4m). Upcoming Dividend • Mar 21
Upcoming dividend of €0.30 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 03 April 2024. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 5.9%. Within top quartile of German dividend payers (4.9%). Higher than average of industry peers (1.7%). Declared Dividend • Feb 16
Dividend of €0.30 announced Shareholders will receive a dividend of €0.30. Ex-date: 28th March 2024 Payment date: 3rd April 2024 Dividend yield will be 5.9%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (58% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 29% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 02
Full year 2023 earnings released: EPS: €0.57 (vs €0.54 in FY 2022) Full year 2023 results: EPS: €0.57 (up from €0.54 in FY 2022). Revenue: €286.6m (up 3.5% from FY 2022). Net income: €12.2m (up 4.9% from FY 2022). Profit margin: 4.2% (in line with FY 2022). Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Entertainment industry in Germany. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. New Risk • Jan 15
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks High level of debt (74% net debt to equity). Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). Valuation Update With 7 Day Price Move • Dec 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €4.82, the stock trades at a trailing P/E ratio of 10.3x. Average forward P/E is 12x in the Entertainment industry in Germany. Total returns to shareholders of 165% over the past three years. Upcoming Dividend • Mar 24
Upcoming dividend of €0.30 per share at 5.8% yield Eligible shareholders must have bought the stock before 31 March 2023. Payment date: 04 April 2023. Payout ratio is a comfortable 56% but the company is not cash flow positive. Trailing yield: 5.8%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.8%). Reported Earnings • Feb 05
Full year 2022 earnings released: EPS: €0.54 (vs €0.31 in FY 2021) Full year 2022 results: EPS: €0.54 (up from €0.31 in FY 2021). Revenue: €280.4m (up 11% from FY 2021). Net income: €11.6m (up 76% from FY 2021). Profit margin: 4.1% (up from 2.6% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Price Target Changed • Nov 16
Price target increased to €9.10 Up from €4.10, the current price target is provided by 1 analyst. New target price is 112% above last closing price of €4.30. Stock is up 0.9% over the past year. The company posted earnings per share of €0.31 last year. Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment improved over the past week After last week's 17% share price gain to €4.34, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 26x in the Entertainment industry in Germany. Total returns to shareholders of 161% over the past three years. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €4.50, the stock trades at a trailing P/E ratio of 14.6x. Average forward P/E is 19x in the Entertainment industry in Germany. Total returns to shareholders of 117% over the past three years. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improved over the past week After last week's 16% share price gain to €4.60, the stock trades at a trailing P/E ratio of 23.8x. Average trailing P/E is 44x in the Entertainment industry in Germany. Total returns to shareholders of 101% over the past three years. Valuation Update With 7 Day Price Move • Aug 31
Investor sentiment improved over the past week After last week's 34% share price gain to €4.86, the stock trades at a trailing P/E ratio of 25.1x. Average trailing P/E is 29x in the Entertainment industry in Europe. Total returns to shareholders of 76% over the past three years. Valuation Update With 7 Day Price Move • Aug 10
Investor sentiment improved over the past week After last week's 15% share price gain to €3.48, the stock trades at a trailing P/E ratio of 18x. Average trailing P/E is 33x in the Entertainment industry in Europe. Total returns to shareholders of 28% over the past three years. Reported Earnings • Jul 04
First half 2021 earnings released: EPS €0.19 (vs €0.12 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €123.3m (up 11% from 1H 2020). Net income: €4.17m (up 62% from 1H 2020). Profit margin: 3.4% (up from 2.3% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 12% 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. Upcoming Dividend • Mar 20
Upcoming Dividend of €0.10 Per Share Will be paid on the 30th of March to those who are registered shareholders by the 26th of March. The trailing yield of 3.5% is in the top quartile of German dividend payers (3.3%), and it is higher than industry peers (1.9%). Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment improved over the past week After last week's 25% share price gain to €2.82, the stock is trading at a trailing P/E ratio of 23.5x, up from the previous P/E ratio of 18.8x. This compares to an average P/E of 36x in the Entertainment industry in Europe. Total return to shareholders over the past three years is a loss of 5.6%. Is New 90 Day High Low • Feb 12
New 90-day high: €2.44 The company is up 40% from its price of €1.74 on 13 November 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is up 13% over the same period. Reported Earnings • Jan 30
Full year 2020 earnings released: EPS €0.12 (vs €0.08 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €215.6m (up 2.9% from FY 2019). Net income: €2.54m (up 52% from FY 2019). Profit margin: 1.2% (up from 0.8% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 06
New 90-day high: €2.24 The company is up 37% from its price of €1.64 on 08 October 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is up 25% over the same period. Is New 90 Day High Low • Dec 10
New 90-day high: €2.12 The company is up 31% from its price of €1.62 on 10 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 Entertainment industry, which is up 19% over the same period. Is New 90 Day High Low • Nov 19
New 90-day high: €1.78 The company is up 12% from its price of €1.59 on 21 August 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Entertainment industry, which is up 34% over the same period.