Announcement • Dec 04
Gigaset AG Announces Changes to Supervisory Board Gigaset AG announced the following personnel changes have taken place in the Supervisory Board of Gigaset AG i.L.: Ms Barbara Münch, Mr. Rainer-Christian Koppitz and Mr. Andreas Tenhofen have informed the Management Board that they will resign from their positions as Chairwoman and as Deputy Chairman of the Supervisory Board and as members of the Supervisory Board with two weeks’ notice. Until further notice, the Company’s Supervisory Board will consist of the remaining members, Ms Jenny Pan, Mr. Tom Hiss and Mr. Jan Witt. Announcement • Oct 01
Gigaset AG to Report Q2, 2024 Results on Sep 30, 2024 Gigaset AG announced that they will report Q2, 2024 results at 11:00 AM, Central European Standard Time on Sep 30, 2024 Announcement • May 01
Gigaset AG to Report Fiscal Year 2023 Results on Aug 30, 2024 Gigaset AG announced that they will report fiscal year 2023 results on Aug 30, 2024 New Risk • Jun 25
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -€9.3m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€9.3m free cash flow). Share price has been highly volatile over the past 3 months (27% average weekly change). Minor Risk Market cap is less than US$100m (€76.2m market cap, or US$83.0m). Price Target Changed • Jun 25
Price target decreased by 25% to €0.54 Down from €0.72, the current price target is provided by 1 analyst. New target price is 6.1% below last closing price of €0.57. Stock is up 100% over the past year. The company is forecast to post earnings per share of €0.04 next year compared to a net loss per share of €0.042 last year. Announcement • Jun 16
Gigaset AG Announces Board Changes Gigaset AG announced at the Annual General Meeting of the company on 15 June 2023, Mr. Andreas Tenhofen, Mr. Jan Witt, Mr. Tom Hiss, Ms. Jenny Pan, Mr. Rainer-Christian Koppitz and Ms. Barbara Münch were elected as members of the Supervisory Board. Andreas Tenhofen, Jan Witt and Tom Hiss were elected to the Supervisory Board of the company for the first time. The proposals for the election of the current Chairman of the Supervisory Board, Mr. Helvin Wong, and for the election of Mr. Ulrich Burkhardt and Dr. Paolo Di Fraia did not receive the required majority. In the constituent meeting of the newly elected Supervisory Board held directly after the Annual General Meeting, Ms. Barbara Münch was elected Chairperson of the Supervisory Board. Mr. Rainer-Christian Koppitz was elected Deputy Chairperson of the Supervisory Board. Announcement • Jun 01
Gigaset AG Announces Helvin Wong Not Stands for Re-Election as Chairman of the Supervisory Board Gigaset AG at its AGM to be held on June 15, 2023, announced that Mr. Helvin Wong will not stand for re-election as Chairman of the Supervisory Board. Announcement • May 25
Gigaset AG Provides Earnings Guidance for the Year 2023 Gigaset AG provided earnings guidance for the year 2023. For the year, the company expects a moderate increase in revenues (EUR 241.3 million in 2022). Buying Opportunity • May 24
Now 30% undervalued Over the last 90 days, the stock is up 169%. The fair value is estimated to be €1.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Apr 30
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: €0.04 loss per share (down from €0.003 profit in FY 2021). Revenue: €275.7m (up 20% from FY 2021). Net loss: €5.57m (down €6.03m from profit in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 167%. Revenue is forecast to stay flat during the next 3 years compared to a 2.4% growth forecast for the Communications industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Price Target Changed • Dec 21
Price target increased to €0.85 Up from €0.72, the current price target is provided by 1 analyst. New target price is 305% above last closing price of €0.21. Stock is down 30% over the past year. The company is forecast to post a net loss per share of €0.03 compared to earnings per share of €0.0035 last year. Reported Earnings • Nov 24
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: €0.014 loss per share (down from €0.01 profit in 3Q 2021). Revenue: €59.9m (up 8.9% from 3Q 2021). Net loss: €2.15m (down 221% from profit in 3Q 2021). Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Communications industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Price Target Changed • Nov 16
Price target increased to €0.72 Up from €0.65, the current price target is an average from 2 analysts. New target price is 246% above last closing price of €0.21. Stock is down 37% over the past year. The company is forecast to post earnings per share of €0.019 for next year compared to €0.0035 last year. Reported Earnings • Sep 29
Second quarter 2022 earnings released: EPS: €0 (vs €0.008 loss in 2Q 2021) Second quarter 2022 results: EPS: €0 (improved from €0.008 loss in 2Q 2021). Revenue: €55.3m (up 1.9% from 2Q 2021). Net loss: €9.0k (loss narrowed 99% from 2Q 2021). Profit margin: 0% (up from net loss in 2Q 2021). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Communications industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Major Estimate Revision • May 14
Consensus EPS estimates increase by 45% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from €225.0m to €230.1m. EPS estimate increased from €0.01 to €0.01 per share. Net income forecast to grow 259% next year vs 20% growth forecast for Communications industry in Germany. Consensus price target of €0.72 unchanged from last update. Share price was steady at €0.29 over the past week. Price Target Changed • Apr 27
Price target increased to €0.84 Up from €0.65, the current price target is an average from 2 analysts. New target price is 197% above last closing price of €0.28. Stock is down 6.6% over the past year. Reported Earnings • Apr 27
Full year 2021 earnings: Revenues miss analyst expectations Full year 2021 results: Revenue: €247.1m (up 10% from FY 2020). Net income: €463.0k (up €10.9m from FY 2020). Profit margin: 0.2% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 4.3%. Over the next year, revenue is forecast to grow 2.1%, compared to a 7.0% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Announcement • Apr 23
Gigaset AG to Report Fiscal Year 2021 Results on Apr 26, 2022 Gigaset AG announced that they will report fiscal year 2021 results on Apr 26, 2022 Price Target Changed • Dec 18
Price target increased to €0.84 Up from €0.65, the current price target is an average from 2 analysts. New target price is 185% above last closing price of €0.29. Stock is down 4.8% over the past year. The company is forecast to post a net loss per share of €0.06 next year compared to a net loss per share of €0.079 last year. Announcement • Nov 27
Gigaset Ag Provides Revenue Guidance for the Year 2021 Gigaset AG provided revenue guidance for the year 2021. The company previously expected a slight increase in revenue compared with the prior year (EUR 214.2 million). Revenue of at least EUR 210 million is now expected, although achieving the original forecast figure still remains possible. The actual revenue to be achieved depends largely on the current and future ability of the company's upstream suppliers to deliver, especially in the area of semiconductors. Reported Earnings • Nov 27
Third quarter 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2021 results: EPS: €0.013 (up from €0.005 in 3Q 2020). Revenue: €55.0m (down 9.5% from 3Q 2020). Net income: €1.78m (up 158% from 3Q 2020). Profit margin: 3.2% (up from 1.1% in 3Q 2020). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 6.0%. Earnings per share (EPS) exceeded analyst estimates by 97%. Earnings per share (EPS) surpassed analyst estimates by 97%. Over the next year, revenue is expected to shrink by 1.4% compared to a 4.3% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Reported Earnings • Sep 17
Second quarter 2021 earnings released: €0.01 loss per share (vs €0.03 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: €56.1m (up 16% from 2Q 2020). Net loss: €1.03m (loss narrowed 68% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Reported Earnings • May 22
First quarter 2021 earnings released: €0.01 loss per share (vs €0.056 loss in 1Q 2020) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: €56.7m (up 79% from 1Q 2020). Net loss: €1.93m (loss narrowed 76% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 47 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 24
Full year 2020 earnings released: €0.08 loss per share (vs €0.085 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €235.3m (down 12% from FY 2019). Net loss: €10.5m (down 193% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Announcement • Apr 24
Gigaset AG Provides Earnings Guidance for the Fiscal Year 2021 Gigaset AG provided earnings guidance for the fiscal year 2021. For the period, excluding a sudden and serious deterioration in the coronavirus pandemic, the company anticipates slight increase in revenue compared with 2020, which was heavily impacted by coronavirus. Is New 90 Day High Low • Feb 04
New 90-day high: €0.37 The company is up 84% from its price of €0.20 on 06 November 2020. The German market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is up 29% over the same period. Announcement • Jan 30
Gigaset AG, Annual General Meeting, Jun 08, 2021 Gigaset AG, Annual General Meeting, Jun 08, 2021. Price Target Changed • Dec 24
Price target lowered to €0.48 Down from €0.85, the current price target is provided by 1 analyst. The new target price is 66% above the current share price of €0.29. As of last close, the stock is down 18% over the past year. Announcement • Sep 24
Gigaset AG Not to Issue a Detailed Business Forecast for 2020 Gigaset AG will not issue a detailed business forecast for 2020. In view of the effects of the coronavirus pandemic, as well as the company's dependence on external factors outside its control, in other words, decisions by governments to impose lockdowns and close businesses and borders, as well as the duration and further evolution of the pandemic itself, a reliable forecast is not possible.