XTRA:AEIN

Stock Analysis Report

Executive Summary

Allgeier SE provides information technology (IT) solutions and services in Germany.

Snowflake

Fundamentals

Good value with reasonable growth potential.


Similar Companies

Share Price & News

How has Allgeier's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

3.3%

AEIN

-1.2%

DE IT

2.4%

DE Market


1 Year Return

-29.1%

AEIN

-8.2%

DE IT

2.3%

DE Market

Return vs Industry: AEIN underperformed the German IT industry which returned -8.2% over the past year.

Return vs Market: AEIN underperformed the German Market which returned 2.3% over the past year.


Shareholder returns

AEINIndustryMarket
7 Day3.3%-1.2%2.4%
30 Day1.4%-3.5%-0.2%
90 Day-13.5%-4.1%0.6%
1 Year-27.7%-29.1%-7.8%-8.2%5.5%2.3%
3 Yearn/a150.9%144.4%18.9%8.6%
5 Yearn/a325.6%307.8%44.8%25.1%

Price Volatility Vs. Market

How volatile is Allgeier's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Allgeier undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: AEIN (€21.7) is trading below our estimate of fair value (€45.98)

Significantly Undervalued: AEIN is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: AEIN is poor value based on its PE Ratio (41.9x) compared to the IT industry average (26.1x).

PE vs Market: AEIN is poor value based on its PE Ratio (41.9x) compared to the German market (19.5x).


Price to Earnings Growth Ratio

Low PEG Ratio: AEIN is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: AEIN is good value based on its PB Ratio (1.9x) compared to the DE IT industry average (3.9x).


Next Steps

Future Growth

How is Allgeier forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

51.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AEIN's forecast earnings growth (51.9% per year) is above the savings rate (0.2%).

Earnings vs Market: AEIN's earnings (51.9% per year) are forecast to grow faster than the German market (12.6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: AEIN's revenue (8.5% per year) is forecast to grow faster than the German market (5% per year).

High Growth Revenue: AEIN's revenue (8.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: AEIN's Return on Equity is forecast to be low in 3 years time (13.5%).


Next Steps

Past Performance

How has Allgeier performed over the past 5 years?

20.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: AEIN's earnings have grown significantly by 20.3% per year over the past 5 years.

Accelerating Growth: AEIN's earnings growth over the past year (90.4%) exceeds its 5-year average (20.3% per year).

Earnings vs Industry: AEIN earnings growth over the past year (90.4%) exceeded the IT industry 23.5%.


Return on Equity

High ROE: AEIN's Return on Equity (5.7%) is considered low.


Return on Assets

ROA vs Industry: AEIN's Return on Assets is below or equal to the IT industry average last year.


Return on Capital Employed

ROCE Improving: AEIN's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Allgeier's financial position?


Financial Position Analysis

Short Term Liabilities: AEIN's short term assets (€261.9M) exceeds its short term liabilities (€163.9M)

Long Term Liabilities: AEIN's short term assets (261.9M) exceeds its long term liabilities (245.5M)


Debt to Equity History and Analysis

Debt Level: AEIN's debt to equity ratio (128.1%) is considered high

Reducing Debt: AEIN's debt to equity ratio has increased from 77.3% to 128.1% over the past 5 years.

Debt Coverage: AEIN's debt is not well covered by operating cash flow (9.5%).

Interest Coverage: AEIN's interest payments on its debt are well covered by EBIT (5.5x coverage).


Balance Sheet

Inventory Level: AEIN has a low level of unsold assets or inventory.

Debt Coverage by Assets: AEIN's debt is covered by short term assets (assets are 1.497020x debt).


Next Steps

Dividend

What is Allgeier's current dividend yield, its reliability and sustainability?

2.30%

Current Dividend Yield


Dividend Yield vs Market

company2.3%marketbottom25%1.4%markettop25%3.9%industryaverage0.6%forecastin3Years2.5%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: AEIN's dividend (2.3%) is higher than the bottom 25% of dividend payers in the German market (1.43%).

High Dividend: AEIN's dividend (2.3%) is low compared to the top 25% of dividend payers in the German market (3.86%).

Stable Dividend: Too early to tell whether AEIN's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if AEIN's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (96.6%), AEIN's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: AEIN's dividends in 3 years are forecast to be well covered by earnings (28.7% payout ratio).


Next Steps

Management

What is the CEO of Allgeier's salary, the management and board of directors tenure and is there insider trading?

6.0yrs

Average management tenure


CEO

Carl Dürschmidt 0

0yrs

Tenure

0

Mr. Carl Georg Dürschmidt serves as Chairman of the Management Board and Chief Executive Officer at Allgeier SE. Mr. Dürschmidt served as Chairman of the Supervisory Board of Allgeier Holding AG since June ...


Management Age and Tenure

6.0yrs

Average Tenure

Experienced Management: AEIN's management team is seasoned and experienced (6 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Manas Fuloria

    Member of The Management Board

    • Tenure: 5.6yrs
  • Hubert Rohrer

    Member of The Management Board

    • Tenure: 6yrs
  • Carl Dürschmidt

    Chairman of the Management Board & CEO

    • Tenure: 0yrs
  • Marcus Goedsche

    Member of The Management Board

    • Tenure: 11.8yrs

Board Members

  • Detlef Dinsel (59yo)

    Chairman of the Supervisory Board

    • Tenure: 0yrs
  • Christian Eggenberger

    Member of the Supervisory Board

    • Tenure: 9.8yrs
  • Thies Eggers (77yo)

    Deputy Chairman of the Supervisory Board

    • Tenure: 0yrs

Company Information

Allgeier SE's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Allgeier SE
  • Ticker: AEIN
  • Exchange: XTRA
  • Founded: 1977
  • Industry: IT Consulting and Other Services
  • Sector: Software
  • Market Cap: €238.273m
  • Shares outstanding: 10.98m
  • Website: https://www.allgeier.com

Number of Employees


Location

  • Allgeier SE
  • Wehrlestrasse 12
  • Munich
  • Bavaria
  • 81679
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
0RUMLSE (London Stock Exchange)YesRegistered SharesGBEUROct 2017
AEINDB (Deutsche Boerse AG)YesRegistered SharesDEEUROct 2017
AEINXTRA (XETRA Trading Platform)YesRegistered SharesDEEUROct 2017
AEINDBATS-CHIXE (BATS 'Chi-X Europe')YesRegistered SharesGBEUROct 2017

Biography

Allgeier SE provides information technology (IT) solutions and services in Germany. It offers flexible personnel services; and software lifecycle services, including business analysis, application developm ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 21:49
End of Day Share Price2019/10/14 00:00
Earnings2019/03/31
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.