Announcement • May 14
Allgeier SE announces Annual dividend, payable on July 03, 2026 Allgeier SE announced Annual dividend of EUR 1.0000 per share payable on July 03, 2026, ex-date on July 01, 2026 and record date on July 02, 2026. Announcement • Mar 29
Allgeier Se Confirms Earnings Guidance for the Year 2026 Allgeier SE confirms earnings guidance for the year 2026. For the period, the company expects revenue in the range of EUR 350 to 390 million for continuing operations. Buy Or Sell Opportunity • Jan 12
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 39% to €23.20. The fair value is estimated to be €18.59, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.4% over the last 3 years. Earnings per share has declined by 46%. Revenue is forecast to decline by 2.8% in 2 years. Earnings are forecast to grow by 1,678% in the next 2 years. Announcement • Dec 20
Allgeier SE Provides Earnings Guidance for the Fiscal Year 2025 and 2026 Allgeier SE provided earnings guidance for the fiscal year 2025 and 2026. Following the sale of Allgeier IT Services GmbH, Munich, Allgeier expects consolidated revenue from continuing operations for the full year 2025 to be between EUR 340 million and EUR 350 million (previous year: EUR 355 million).
For the year 2026, the company expects revenue in the range of €370 to €420 million for the coming 2026 fiscal year for continuing operations, in accordance with the Group planning adopted. Reported Earnings • Nov 17
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: €122.4m (flat on 3Q 2023). Net income: €6.49m (up 405% from 3Q 2023). Profit margin: 5.3% (up from 1.0% in 3Q 2023). Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the IT industry in Germany. New Risk • Aug 20
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.4% Last year net profit margin: 4.2% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (2.4% net profit margin). New Risk • Aug 16
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.2x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.2x net interest cover). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Aug 16
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: €114.6m (down 3.9% from 2Q 2023). Net loss: €992.0k (down €1.06m from profit in 2Q 2023). Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the IT industry in Germany. Upcoming Dividend • Jun 19
Upcoming dividend of €0.50 per share Eligible shareholders must have bought the stock before 26 June 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.3%). New Risk • May 17
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.6x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.6x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (2.4% net profit margin). Declared Dividend • May 09
Dividend of €0.50 announced Dividend of €0.50 is the same as last year. Ex-date: 26th June 2024 Payment date: 28th June 2024 Dividend yield will be 2.8%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (48% earnings payout ratio) and cash flows (34% cash payout ratio). The dividend has not increased over the past 6 years but payments have been stable during that time. EPS is expected to grow by 90% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • May 07
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.8% to €18.50. The fair value is estimated to be €23.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 7.0% per annum. Earnings are also forecast to grow by 24% per annum over the same time period. Reported Earnings • Apr 30
Full year 2023 earnings released: EPS: €1.17 (vs €1.68 in FY 2022) Full year 2023 results: EPS: €1.17 (down from €1.68 in FY 2022). Revenue: €502.5m (up 3.1% from FY 2022). Net income: €13.4m (down 30% from FY 2022). Profit margin: 2.7% (down from 3.9% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €19.58, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the IT industry in Germany. Total loss to shareholders of 8.1% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €35.03 per share. New Risk • Nov 10
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: Major Risk Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Minor Risks Dividend is not well covered by cash flows (108% cash payout ratio). Share price has been volatile over the past 3 months (6.4% average weekly change). Profit margins are more than 30% lower than last year (2.5% net profit margin). New Risk • Aug 17
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.5% Last year net profit margin: 4.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Minor Risks Dividend is not well covered by cash flows (106% cash payout ratio). Profit margins are more than 30% lower than last year (2.5% net profit margin). Reported Earnings • Aug 17
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: €119.9m (up 1.3% from 2Q 2022). Net income: €71.0k (down 99% from 2Q 2022). Profit margin: 0.1% (down from 5.7% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Buying Opportunity • Jun 15
Now 22% undervalued Over the last 90 days, the stock is up 4.7%. The fair value is estimated to be €35.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 22% in 2 years. Earnings is forecast to grow by 57% in the next 2 years. Upcoming Dividend • Jun 07
Upcoming dividend of €0.50 per share at 1.9% yield Eligible shareholders must have bought the stock before 14 June 2023. Payment date: 16 June 2023. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.3%). Reported Earnings • Apr 30
Full year 2022 earnings released: EPS: €1.53 (vs €1.04 in FY 2021) Full year 2022 results: EPS: €1.53 (up from €1.04 in FY 2021). Revenue: €495.2m (up 23% from FY 2021). Net income: €17.5m (up 47% from FY 2021). Profit margin: 3.5% (up from 2.9% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: €0.17 (vs €0.34 in 3Q 2021) Third quarter 2022 results: EPS: €0.17 (down from €0.34 in 3Q 2021). Revenue: €124.8m (up 26% from 3Q 2021). Net income: €1.90m (down 51% from 3Q 2021). Profit margin: 1.5% (down from 3.9% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Aug 27
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be €38.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Earnings per share has grown by 80%. Revenue is forecast to grow by 35% in 2 years. Earnings is forecast to grow by 109% in the next 2 years. Buying Opportunity • Jul 14
Now 26% undervalued after recent price drop Over the last 90 days, the stock is down 39%. The fair value is estimated to be €38.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Earnings per share has grown by 80%. Revenue is forecast to grow by 35% in 2 years. Earnings is forecast to grow by 112% in the next 2 years. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €29.40, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 20x in the IT industry in Germany. Total returns to shareholders of 479% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €44.69 per share. Upcoming Dividend • Jun 24
Upcoming dividend of €0.50 per share Eligible shareholders must have bought the stock before 01 July 2022. Payment date: 05 July 2022. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.6%). In line with average of industry peers (1.6%). Reported Earnings • May 01
Full year 2021 earnings released: EPS: €1.04 (vs €0.001 loss in FY 2020) Full year 2021 results: EPS: €1.04 (up from €0.001 loss in FY 2020). Revenue: €410.0m (up 16% from FY 2020). Net income: €11.9m (up €11.9m from FY 2020). Profit margin: 2.9% (up from 0% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 20%, compared to a 19% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improved over the past week After last week's 17% share price gain to €38.30, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 27x in the IT industry in Germany. Total returns to shareholders of 627% over the past three years. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment deteriorated over the past week After last week's 19% share price decline to €45.70, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 31x in the IT industry in Germany. Total returns to shareholders of 764% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €74.43 per share. Valuation Update With 7 Day Price Move • Dec 14
Investor sentiment improved over the past week After last week's 18% share price gain to €42.70, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 31x in the IT industry in Germany. Total returns to shareholders of 701% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €69.02 per share. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS €0.33 (vs €0.23 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €100.2m (up 17% from 3Q 2020). Net income: €3.90m (up 55% from 3Q 2020). Profit margin: 3.9% (up from 3.0% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 1% per year. Reported Earnings • Aug 18
Second quarter 2021 earnings released: €0.21 loss per share (vs €0.23 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: €97.9m (up 12% from 2Q 2020). Net loss: €2.39m (loss narrowed 4.9% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jun 02
Upcoming dividend of €0.50 per share Eligible shareholders must have bought the stock before 09 June 2021. Payment date: 11 June 2021. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (3.2%). Higher than average of industry peers (1.1%). Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment improved over the past week After last week's 16% share price gain to €23.40, the stock is trading at a trailing P/E ratio of 13.2x, up from the previous P/E ratio of 11.4x. This compares to an average P/E of 31x in the IT industry in Germany. Total returns to shareholders over the past three years are 349%. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improved over the past week After last week's 20% share price gain to €22.40, the stock is trading at a trailing P/E ratio of 12.3x, up from the previous P/E ratio of 10.3x. This compares to an average P/E of 30x in the IT industry in Germany. Total returns to shareholders over the past three years are 307%. Valuation Update With 7 Day Price Move • Dec 17
Investor sentiment deteriorated over the past week After last week's 79% share price decline to €17.30, the stock is trading at a trailing P/E ratio of 9.3x, down from the previous P/E ratio of 44.1x. This compares to an average P/E of 30x in the IT industry in Germany. Total return to shareholders over the past three years is a loss of 25%. Is New 90 Day High Low • Dec 05
New 90-day high: €84.80 The company is up 48% from its price of €57.40 on 04 September 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €103 per share. Reported Earnings • Nov 19
Third quarter 2020 earnings released: EPS €0.77 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: €192.5m (down 5.5% from 3Q 2019). Net income: €8.65m (up 115% from 3Q 2019). Profit margin: 4.5% (up from 2.0% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Nov 17
New 90-day high: €66.00 The company is up 13% from its price of €58.40 on 19 August 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €104 per share. Announcement • Sep 26
Manas Fuloria Resigns from the Position on the Management Board of Allgeier SE Allgeier SE announced that as planned of the spin-off process, Mr. Manas Fuloria has resigned from his position on the Management Board of Allgeier SE as of the end of September 24, 2020 in order to fully focus on his function as a member of the Management Board of Nagarro SE with immediate effect. Announcement • Aug 24
Allgeier SE Refrains from Issuing Guidance for the Remaining Fiscal Year 2020 Allgeier SE announced that due to the continuing uncertainty about the possible consequences of the global COVID-19 pandemic on the global economy, the Management Board continues to refrain from issuing guidance for the remaining fiscal year 2020 at this time.