Reported Earnings • Feb 19
First half 2026 earnings released: EPS: €0.13 (vs €0.13 in 1H 2025) First half 2026 results: EPS: €0.13 (in line with 1H 2025). Revenue: €6.58m (up 10.0% from 1H 2025). Net income: €813.0k (flat on 1H 2025). Profit margin: 12% (down from 14% in 1H 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Jan 16
B+S Banksysteme Aktiengesellschaft, Annual General Meeting, Feb 26, 2026 B+S Banksysteme Aktiengesellschaft, Annual General Meeting, Feb 26, 2026, at 10:00 W. Europe Standard Time. Valuation Update With 7 Day Price Move • Nov 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €2.22, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 18x in the Software industry in Germany. Total returns to shareholders of 14% over the past three years. Price Target Changed • Oct 29
Price target increased by 8.9% to €4.90 Up from €4.50, the current price target is provided by 1 analyst. New target price is 138% above last closing price of €2.06. The company is forecast to post earnings per share of €0.23 for next year compared to €0.23 last year. Major Estimate Revision • Oct 29
Consensus EPS estimates increase by 15%, revenue downgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from €13.3m to €13.0m. EPS estimate rose from €0.20 to €0.23. Net income forecast to shrink 2.1% next year vs 30% growth forecast for Software industry in Germany . Consensus price target up from €4.50 to €4.90. Share price rose 10% to €2.06 over the past week. Reported Earnings • Oct 23
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: €0.23 (up from €0.20 in FY 2024). Revenue: €12.8m (flat on FY 2024). Net income: €1.45m (up 18% from FY 2024). Profit margin: 11% (up from 9.7% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 35%. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 24
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €2.10, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 22x in the Software industry in Germany. Total returns to shareholders of 2.9% over the past three years. New Risk • Sep 17
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Market cap is less than US$100m (€15.5m market cap, or US$18.4m). New Risk • Sep 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 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: Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Share price has been volatile over the past 3 months (8.6% average weekly change). Market cap is less than US$100m (€12.0m market cap, or US$13.9m). New Risk • Jul 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.9% average weekly change). Market cap is less than US$100m (€13.0m market cap, or US$15.1m). Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to €2.10, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 25x in the Software industry in Germany. Total loss to shareholders of 2.3% over the past three years. Major Estimate Revision • May 25
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €13.0m to €12.5m. EPS estimate also fell from €0.19 per share to €0.17 per share. Net income forecast to shrink 32% next year vs 27% growth forecast for Software industry in Germany . Consensus price target down from €4.70 to €4.50. Share price fell 3.8% to €1.79 over the past week. Major Estimate Revision • Feb 21
Consensus EPS estimates increase by 36% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from €0.14 to €0.19. Revenue forecast unchanged at €13.0m. Net income forecast to shrink 27% next year vs 20% growth forecast for Software industry in Germany . Consensus price target up from €4.30 to €4.70. Share price was steady at €1.98 over the past week. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €2.30, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 20x in the Software industry in Germany. Total loss to shareholders of 22% over the past three years. Reported Earnings • Oct 09
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: €0.20 (up from €0.071 in FY 2023). Revenue: €13.0m (up 16% from FY 2023). Net income: €1.24m (up 180% from FY 2023). Profit margin: 9.5% (up from 3.9% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.1%. Earnings per share (EPS) also surpassed analyst estimates by 67%. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. New Risk • Sep 03
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 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 Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Market cap is less than US$100m (€12.4m market cap, or US$13.6m). Major Estimate Revision • May 23
Consensus EPS estimates increase by 50% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from €11.8m to €12.1m. EPS estimate increased from €0.08 to €0.12 per share. Net income forecast to shrink 4.8% next year vs 13% growth forecast for Software industry in Germany . Consensus price target up from €3.50 to €4.00. Share price was steady at €1.71 over the past week. Price Target Changed • May 22
Price target increased by 18% to €4.00 Up from €3.40, the current price target is provided by 1 analyst. New target price is 134% above last closing price of €1.71. Stock is up 6.9% over the past year. The company is forecast to post earnings per share of €0.12 for next year compared to €0.071 last year. Major Estimate Revision • Feb 28
Consensus EPS estimates increase by 33% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from €0.06 to €0.08. Revenue forecast unchanged at €11.8m. Net income forecast to shrink 34% next year vs 17% growth forecast for Software industry in Germany . Consensus price target up from €3.40 to €3.50. Share price was steady at €1.49 over the past week. Reported Earnings • Feb 21
First half 2024 earnings released: EPS: €0.05 (vs €0.01 loss in 1H 2023) First half 2024 results: EPS: €0.05 (up from €0.01 loss in 1H 2023). Revenue: €5.80m (up 12% from 1H 2023). Net income: €339.0k (up €399.0k from 1H 2023). Profit margin: 5.8% (up from net loss in 1H 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. New Risk • Feb 09
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €9.19m (US$9.91m) This is considered a major 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 Market cap is less than US$10m (€9.19m market cap, or US$9.91m). Minor Risk Large one-off items impacting financial results. New Risk • Oct 15
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 56% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.2% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (€10.7m market cap, or US$11.2m). Reported Earnings • Oct 11
Full year 2023 earnings released: EPS: €0.071 (vs €0.004 in FY 2022) Full year 2023 results: EPS: €0.071 (up from €0.004 in FY 2022). Revenue: €11.5m (up 3.6% from FY 2022). Net income: €441.0k (up €414.0k from FY 2022). Profit margin: 3.8% (up from 0.2% in FY 2022). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Software 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 8% per year, which means it is significantly lagging earnings. New Risk • Aug 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Share price has been volatile over the past 3 months (6.4% average weekly change). Market cap is less than US$100m (€9.69m market cap, or US$10.5m). Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to €1.95, the stock trades at a forward P/E ratio of 98x. Average forward P/E is 27x in the Software industry in Germany. Total returns to shareholders of 6.0% over the past three years. Major Estimate Revision • Feb 22
Consensus EPS estimates fall by 50% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from €11.6m to €11.1m. EPS estimate also fell from €0.08 per share to €0.04 per share. Net income forecast to grow 10% next year vs 18% growth forecast for Software industry in Germany. Consensus price target down from €4.30 to €3.60. Share price rose 6.4% to €1.67 over the past week. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €1.79, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 23x in the Software industry in Germany. Total loss to shareholders of 26% over the past three years. Price Target Changed • Nov 16
Price target decreased to €4.30 Down from €4.70, the current price target is provided by 1 analyst. New target price is 125% above last closing price of €1.91. Stock is down 48% over the past year. The company is forecast to post earnings per share of €0.03 for next year compared to €0.036 last year. Price Target Changed • Nov 05
Price target decreased to €4.30 Down from €4.70, the current price target is provided by 1 analyst. New target price is 104% above last closing price of €2.11. Stock is down 56% over the past year. The company is forecast to post earnings per share of €0.03 for next year compared to €0.036 last year. Price Target Changed • Apr 27
Price target decreased to €4.70 Down from €5.60, the current price target is provided by 1 analyst. New target price is 68% above last closing price of €2.80. Stock is down 36% over the past year. The company is forecast to post earnings per share of €0.03 for next year compared to €0.036 last year. Major Estimate Revision • Mar 03
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from €11.0m to €11.2m. EPS estimate fell from €0.08 to €0.03 per share. Net income forecast to grow 66% next year vs 31% growth forecast for Software industry in Germany. Consensus price target down from €5.60 to €4.70. Share price rose 5.1% to €2.46 over the past week. Price Target Changed • Mar 02
Price target decreased to €4.70 Down from €5.80, the current price target is provided by 1 analyst. New target price is 85% above last closing price of €2.54. Stock is down 30% over the past year. The company is forecast to post earnings per share of €0.03 for next year compared to €0.036 last year. Reported Earnings • Feb 18
First half 2022 earnings: EPS and revenues miss analyst expectations First half 2022 results: EPS: €0.01 (down from €0.02 in 1H 2021). Revenue: €5.63m (up 11% from 1H 2021). Net income: €81.0k (down 35% from 1H 2021). Profit margin: 1.4% (down from 2.5% in 1H 2021). Revenue missed analyst estimates by 8.4%. Earnings per share (EPS) also missed analyst estimates by 67%. Over the next year, revenue is forecast to grow 3.0%, compared to a 14% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €2.38, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 31x in the Software industry in Germany. Total loss to shareholders of 34% over the past three years. Reported Earnings • Oct 03
Full year 2021 earnings released The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: €11.2m (up 13% from FY 2020). Net income: €192.0k (up €466.0k from FY 2020). Profit margin: 1.7% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Is New 90 Day High Low • Feb 22
New 90-day high: €4.00 The company is up 65% from its price of €2.42 on 24 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 8.0% over the same period. Reported Earnings • Feb 19
First half 2021 earnings released: EPS €0.02 (vs €0.03 in 1H 2020) The company reported a soft first half result with weaker earnings and profit margins, although revenues improved. First half 2021 results: Revenue: €5.09m (up 1.0% from 1H 2020). Net income: €144.0k (down 17% from 1H 2020). Profit margin: 2.8% (down from 3.5% in 1H 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Jan 26
New 90-day low: €2.26 The company is down 8.0% from its price of €2.46 on 27 October 2020. The German market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 9.0% over the same period. Price Target Changed • Nov 16
Price target raised to €2.50 Up from €2.10, the current price target is provided by 1 analyst. The new target price is 5.0% above the current share price of €2.38. As of last close, the stock is up 6.3% over the past year. Is New 90 Day High Low • Oct 19
New 90-day high: €2.36 The company is up 19% from its price of €1.98 on 21 July 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 4.0% over the same period. Is New 90 Day High Low • Oct 02
New 90-day high: €2.10 The company is up 10.0% from its price of €1.91 on 03 July 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 3.0% over the same period. Announcement • Sep 25
B+S Banksysteme Aktiengesellschaft to Report Fiscal Year 2020 Results on Sep 30, 2020 B+S Banksysteme Aktiengesellschaft announced that they will report fiscal year 2020 results on Sep 30, 2020