New Risk • May 06
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 65% 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: Minor Risks High level of debt (65% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Buy Or Sell Opportunity • May 02
Now 21% undervalued Over the last 90 days, the stock has risen 2.7% to €42.50. The fair value is estimated to be €53.76, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 21%. For the next 3 years, revenue is forecast to grow by 5.3% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Announcement • Apr 30
Fielmann Group AG to Report Q1, 2027 Results on Apr 29, 2027 Fielmann Group AG announced that they will report Q1, 2027 results on Apr 29, 2027 Announcement • Mar 23
Fielmann Group AG(XTRA:FIE) dropped from FTSE All-World Index (USD) Fielmann Group AG(XTRA:FIE) dropped from FTSE All-World Index (USD) Declared Dividend • Feb 16
Dividend increased to €1.40 Dividend of €1.40 is 22% higher than last year. Ex-date: 10th July 2026 Payment date: 14th July 2026 Dividend yield will be 3.2%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (53% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 46% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Feb 14
Fielmann Group AG Proposes Dividend Fielmann Group AG announced that the Management Board and Supervisory Board have decided in their meeting on 12 February 2026 to propose an increased dividend of EUR 1.40 per share (PY: EUR 1.15; +21.7%) at the Annual General Meeting on July 9, 2026, reflecting the Group’s strong performance in 2025 and successful conclusion of its Vision 2025 growth strategy. Reported Earnings • Nov 07
Third quarter 2025 earnings released: EPS: €0.61 (vs €0.47 in 3Q 2024) Third quarter 2025 results: EPS: €0.61 (up from €0.47 in 3Q 2024). Revenue: €620.2m (up 2.6% from 3Q 2024). Net income: €51.9m (up 32% from 3Q 2024). Profit margin: 8.4% (up from 6.5% in 3Q 2024). Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Nov 03
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to €47.30. The fair value is estimated to be €59.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 14%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 40% in the next 2 years. Price Target Changed • Oct 23
Price target increased by 7.2% to €61.83 Up from €57.67, the current price target is an average from 6 analysts. New target price is 25% above last closing price of €49.55. Stock is up 5.9% over the past year. The company is forecast to post earnings per share of €2.42 for next year compared to €1.81 last year. Buy Or Sell Opportunity • Sep 16
Now 20% undervalued Over the last 90 days, the stock has risen 1.1% to €53.60. The fair value is estimated to be €67.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 14%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 40% in the next 2 years. Reported Earnings • Aug 31
Second quarter 2025 earnings released: EPS: €0.62 (vs €0.52 in 2Q 2024) Second quarter 2025 results: EPS: €0.62 (up from €0.52 in 2Q 2024). Revenue: €622.9m (up 13% from 2Q 2024). Net income: €51.7m (up 18% from 2Q 2024). Profit margin: 8.3% (up from 8.0% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 12% per year. Price Target Changed • Aug 25
Price target increased by 7.3% to €61.88 Up from €57.67, the current price target is an average from 8 analysts. New target price is 9.9% above last closing price of €56.30. Stock is up 34% over the past year. The company is forecast to post earnings per share of €2.42 for next year compared to €1.81 last year. Buy Or Sell Opportunity • Aug 06
Now 21% undervalued Over the last 90 days, the stock has risen 4.3% to €55.30. The fair value is estimated to be €69.74, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 8.3%. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to grow by 43% in the next 2 years. Buy Or Sell Opportunity • Jul 20
Now 20% undervalued Over the last 90 days, the stock has risen 31% to €57.00. The fair value is estimated to be €71.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 8.3%. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to grow by 43% in the next 2 years. Price Target Changed • Jul 11
Price target increased by 7.2% to €61.83 Up from €57.67, the current price target is an average from 6 analysts. New target price is 6.1% above last closing price of €58.30. Stock is up 36% over the past year. The company is forecast to post earnings per share of €2.42 for next year compared to €1.81 last year. Upcoming Dividend • Jul 04
Upcoming dividend of €1.50 per share Eligible shareholders must have bought the stock before 11 July 2025. Payment date: 15 July 2025. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (4.3%). In line with average of industry peers (1.9%). Announcement • Jun 02
Fielmann Group AG, Annual General Meeting, Jul 10, 2025 Fielmann Group AG, Annual General Meeting, Jul 10, 2025, at 10:00 W. Europe Standard Time. Declared Dividend • Jun 02
Dividend increased to €1.50 Dividend of €1.50 is 50% higher than last year. Ex-date: 11th July 2025 Payment date: 15th July 2025 Dividend yield will be 2.7%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (59% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 56% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 01
Fielmann Group AG announces Annual dividend, payable on July 15, 2025 Fielmann Group AG announced Annual dividend of EUR 1.5000 per share payable on July 15, 2025, ex-date on July 11, 2025 and record date on July 14, 2025. New Risk • May 14
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 85% 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: Minor Risks High level of debt (85% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Valuation Update With 7 Day Price Move • May 07
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to €53.80, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 9x in the Specialty Retail industry in Germany. Total returns to shareholders of 21% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €64.87 per share. Announcement • May 02
Fielmann Group AG Provides Earnings Guidance for the Financial Year 2025 Fielmann Group AG provided earnings guidance for the financial year 2025. For the year, the company expected overall sales of about €2.5 billion. Reported Earnings • May 02
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: €1.81 (up from €1.52 in FY 2023). Revenue: €2.26b (up 15% from FY 2023). Net income: €152.1m (up 19% from FY 2023). Profit margin: 6.7% (up from 6.5% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.1%. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 1% per year. New Risk • Apr 30
New major risk - Revenue and earnings growth Earnings have declined by 1.7% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 have declined by 1.7% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Feb 20
Fielmann Group AG to Report Fiscal Year 2024 Results on Mar 04, 2025 Fielmann Group AG announced that they will report fiscal year 2024 results on Mar 04, 2025 Reported Earnings • Nov 01
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: €0.47 (down from €0.52 in 3Q 2023). Revenue: €604.4m (up 15% from 3Q 2023). Net income: €39.2m (down 9.4% from 3Q 2023). Profit margin: 6.5% (down from 8.2% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) also missed analyst estimates by 33%. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 30
Second quarter 2024 earnings released: EPS: €0.52 (vs €0.39 in 2Q 2023) Second quarter 2024 results: EPS: €0.52 (up from €0.39 in 2Q 2023). Revenue: €552.7m (up 12% from 2Q 2023). Net income: €44.0m (up 36% from 2Q 2023). Profit margin: 8.0% (up from 6.6% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings. Announcement • Jul 12
Fielmann Group AG (XTRA:FIE) acquired remaining 20% stake in ÒPTICA DEL PENEDÈS, S.L. Fielmann Group AG (XTRA:FIE) acquired remaining 20% stake in ÒPTICA DEL PENEDÈS, S.L. in April 2024.Fielmann Group AG (XTRA:FIE) completed the acquisition of remaining 20% stake in ÒPTICA DEL PENEDÈS, S.L. in April 2024. Upcoming Dividend • Jul 05
Upcoming dividend of €1.00 per share Eligible shareholders must have bought the stock before 12 July 2024. Payment date: 16 July 2024. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (3.5%). New Risk • May 07
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 55% 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: Minor Risks High level of debt (55% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • May 02
Full year 2023 earnings released: EPS: €1.52 (vs €1.23 in FY 2022) Full year 2023 results: EPS: €1.52 (up from €1.23 in FY 2022). Revenue: €1.97b (up 12% from FY 2022). Net income: €127.6m (up 23% from FY 2022). Profit margin: 6.5% (up from 5.9% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 10% per year. Announcement • Nov 29
Fielmann Group AG to Report Fiscal Year 2023 Final Results on Apr 25, 2024 Fielmann Group AG announced that they will report fiscal year 2023 final results on Apr 25, 2024 Reported Earnings • Nov 12
Third quarter 2023 earnings released: EPS: €0.52 (vs €0.41 in 3Q 2022) Third quarter 2023 results: EPS: €0.52 (up from €0.41 in 3Q 2022). Revenue: €526.4m (up 14% from 3Q 2022). Net income: €43.3m (up 26% from 3Q 2022). Profit margin: 8.2% (up from 7.4% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings. Announcement • Nov 11
Fielmann Group AG to Report Q3, 2024 Results on Nov 07, 2024 Fielmann Group AG announced that they will report Q3, 2024 results on Nov 07, 2024 Announcement • Sep 02
Fielmann Aktiengesellschaft (XTRA:FIE) acquired Single Vision Solution, Inc. Fielmann Aktiengesellschaft (XTRA:FIE) has entered into a definitive agreement to acquire Single Vision Solution, Inc. from Robert G. Farrell, Jr. and Kenneth J. Stann. for approximately €110 million on June 7, 2023. In a related transaction Fielmann Aktiengesellschaft has entered into a definitive agreement to acquire equity ownership of Eyevious Style, Inc. SVS Vision generated more than $100 million in sales in 2022.. In connection with the transactions, the Fielmann announced that it has appointed Lukas Ruecker as Chief executive officer of Fielmann USA, Inc. The transaction is subject to customary closing conditions, including receipt of any necessary regulatory approvals. The transaction is expected to close by 31 August 2023.Fielmann Aktiengesellschaft (XTRA:FIE) completed the acquisition of Single Vision Solution, Inc. on August 31, 2023. SVS Vision will become part of the Fielmann Group from September 1, 2023. Reported Earnings • Aug 27
Second quarter 2023 earnings: EPS misses analyst expectations Second quarter 2023 results: EPS: €0.39 (up from €0.32 in 2Q 2022). Revenue: €493.2m (up 12% from 2Q 2022). Net income: €32.4m (up 22% from 2Q 2022). Profit margin: 6.6% (up from 6.0% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.3%. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings. Announcement • Aug 24
Fielmann Group AG to Report Q1, 2024 Results on Apr 26, 2024 Fielmann Group AG announced that they will report Q1, 2024 results on Apr 26, 2024 Announcement • Aug 09
Fielmann Group AG to Report Q2, 2023 Results on Aug 24, 2023 Fielmann Group AG announced that they will report Q2, 2023 results on Aug 24, 2023 Price Target Changed • Jul 14
Price target increased by 7.7% to €50.18 Up from €46.61, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of €49.54. Stock is up 26% over the past year. The company is forecast to post earnings per share of €1.60 for next year compared to €1.24 last year. Announcement • Jul 13
Fielmann Aktiengesellschaft Provides Earnings Guidance for the Full Year 2023 Fielmann Aktiengesellschaft provided earnings guidance for the full year 2023. The company confirms its optimistic outlook with unit sales growth of +4% to 8% over last year, net sales growth of 7% to 10% over last year. Upcoming Dividend • Jul 07
Upcoming dividend of €0.75 per share at 1.6% yield Eligible shareholders must have bought the stock before 14 July 2023. Payment date: 18 July 2023. Payout ratio is a comfortable 57% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (2.7%). Announcement • Jun 09
Fielmann Aktiengesellschaft (XTRA:FIE) signed a definitive agreement to acquire Eyevious Style, Inc for approximately €35 million. Fielmann Aktiengesellschaft (XTRA:FIE) signed a definitive agreement to acquire Eyevious Style, Inc from Gregory Matthews, Margate LLC, EMKRIST LLC, Abington LLC, Ed
Azer and Jocelyne Matthews. Thefor approximately €35 million on June 7, 2023. In a related party transaction, Fielmann Group agreed to acquire SVS Vision Holding Company. The transaction is expected to close today. Announcement • Jun 08
Fielmann Aktiengesellschaft (XTRA:FIE) has entered into a definitive agreement to acquire Single Vision Solution, Inc. from Robert G. Farrell, Jr. and Kenneth J. Stann. for approximately €110 million. Fielmann Aktiengesellschaft (XTRA:FIE) has entered into a definitive agreement to acquire Single Vision Solution, Inc. from Robert G. Farrell, Jr. and Kenneth J. Stann. for approximately €110 million on June 7, 2023. In a related transaction Fielmann Aktiengesellschaft has entered into a definitive agreement to acquire equity ownership of Eyevious Style, Inc. SVS Vision generated more than $100 million in sales in 2022.. In connection with the transactions, the Fielmann announced that it has appointed Lukas Ruecker as Chief executive officer of Fielmann USA, Inc. The transaction is subject to customary closing conditions, including receipt of any necessary regulatory approvals. The transaction is expected to close by 31 August 2023. Major Estimate Revision • Apr 30
Consensus EPS estimates increase by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from €1.84b to €1.92b. EPS estimate increased from €1.40 to €1.55 per share. Net income forecast to grow 11% next year vs 2.9% growth forecast for Specialty Retail industry in Germany. Consensus price target up from €38.33 to €43.39. Share price rose 16% to €46.96 over the past week. Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €46.54, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 11x in the Specialty Retail industry in Germany. Total loss to shareholders of 18% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €66.19 per share. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improved over the past week After last week's 16% share price gain to €37.92, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 11x in the Specialty Retail industry in Europe. Total loss to shareholders of 45% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €75.42 per share.