Price Target Changed • May 20
Price target decreased by 16% to €37.00 Down from €44.00, the current price target is provided by 1 analyst. New target price is 23% above last closing price of €30.00. Stock is up 34% over the past year. The company is forecast to post earnings per share of €0.50 next year compared to a net loss per share of €1.30 last year. Announcement • Mar 26
DATA MODUL Aktiengesellschaft, Produktion und Vertrieb von elektronischen Systemen, Annual General Meeting, May 08, 2025 DATA MODUL Aktiengesellschaft, Produktion und Vertrieb von elektronischen Systemen, Annual General Meeting, May 08, 2025, at 10:00 W. Europe Standard Time. Announcement • Mar 23
DATA MODUL Aktiengesellschaft, Produktion und Vertrieb von elektronischen Systemen Proposes Distribution of Dividend for the Fiscal Year 2024 DATA MODUL Aktiengesellschaft, Produktion und Vertrieb von elektronischen Systemen intend to propose to the Annual General Meeting the distribution of a dividend of EUR 0.75 per share for the fiscal year 2024. Reported Earnings • Nov 10
Third quarter 2024 earnings released: EPS: €0.42 (vs €1.39 in 3Q 2023) Third quarter 2024 results: EPS: €0.42 (down from €1.39 in 3Q 2023). Revenue: €57.7m (down 21% from 3Q 2023). Net income: €1.47m (down 70% from 3Q 2023). Profit margin: 2.5% (down from 6.7% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. New Risk • Oct 17
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €91.7m (US$99.3m) This is considered a minor 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: 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 (4.3% net profit margin). Market cap is less than US$100m (€91.7m market cap, or US$99.3m). Reported Earnings • Aug 11
Second quarter 2024 earnings released: EPS: €0.25 (vs €1.08 in 2Q 2023) Second quarter 2024 results: EPS: €0.25 (down from €1.08 in 2Q 2023). Revenue: €51.0m (down 24% from 2Q 2023). Net income: €897.0k (down 76% from 2Q 2023). Profit margin: 1.8% (down from 5.7% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. New Risk • Jul 26
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €91.7m (US$99.5m) This is considered a minor 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€91.7m market cap, or US$99.5m). Reported Earnings • May 10
First quarter 2024 earnings released: EPS: €0.78 (vs €0.94 in 1Q 2023) First quarter 2024 results: EPS: €0.78 (down from €0.94 in 1Q 2023). Revenue: €63.5m (down 12% from 1Q 2023). Net income: €2.74m (down 17% from 1Q 2023). Profit margin: 4.3% (down from 4.6% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Declared Dividend • Mar 29
Dividend of €2.00 announced Shareholders will receive a dividend of €2.00. Ex-date: 9th May 2024 Payment date: 13th May 2024 Dividend yield will be 5.5%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (49% earnings payout ratio) and cash flows (47% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 4.3% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Mar 27
DATA MODUL Aktiengesellschaft, Produktion und Vertrieb von elektronischen Systemen, Annual General Meeting, May 08, 2024 DATA MODUL Aktiengesellschaft, Produktion und Vertrieb von elektronischen Systemen, Annual General Meeting, May 08, 2024. Price Target Changed • Mar 26
Price target decreased by 29% to €70.00 Down from €98.00, the current price target is provided by 1 analyst. New target price is 90% above last closing price of €36.80. Stock is down 38% over the past year. The company is forecast to post earnings per share of €3.20 for next year compared to €4.11 last year. New Risk • Mar 25
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 5.2% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 24
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: €4.11 (down from €5.21 in FY 2022). Revenue: €283.2m (up 2.6% from FY 2022). Net income: €14.5m (down 21% from FY 2022). Profit margin: 5.1% (down from 6.7% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.0%. Earnings per share (EPS) also missed analyst estimates by 21%. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Jan 30
DATA MODUL Aktiengesellschaft, Produktion und Vertrieb von elektronischen Systemen to Report Fiscal Year 2023 Results on Mar 22, 2024 DATA MODUL Aktiengesellschaft, Produktion und Vertrieb von elektronischen Systemen announced that they will report fiscal year 2023 results on Mar 22, 2024 Reported Earnings • Nov 05
Third quarter 2023 earnings released: EPS: €1.39 (vs €1.96 in 3Q 2022) Third quarter 2023 results: EPS: €1.39 (down from €1.96 in 3Q 2022). Revenue: €72.7m (down 4.4% from 3Q 2022). Net income: €4.90m (down 29% from 3Q 2022). Profit margin: 6.7% (down from 9.1% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 06
Second quarter 2023 earnings released: EPS: €1.08 (vs €1.01 in 2Q 2022) Second quarter 2023 results: EPS: €1.08 (up from €1.01 in 2Q 2022). Revenue: €66.7m (up 2.3% from 2Q 2022). Net income: €3.80m (up 6.5% from 2Q 2022). Profit margin: 5.7% (up from 5.5% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 10
First quarter 2023 earnings released: EPS: €0.94 (vs €0.94 in 1Q 2022) First quarter 2023 results: EPS: €0.94 (in line with 1Q 2022). Revenue: €72.4m (up 14% from 1Q 2022). Net income: €3.31m (flat on 1Q 2022). Profit margin: 4.6% (down from 5.2% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 03
Upcoming dividend of €2.50 per share at 3.9% yield Eligible shareholders must have bought the stock before 10 May 2023. Payment date: 12 May 2023. Payout ratio is a comfortable 48% but the company is not cash flow positive. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (4.5%). Higher than average of industry peers (1.5%). Buying Opportunity • Jan 04
Now 22% undervalued Over the last 90 days, the stock is up 3.8%. The fair value is estimated to be €69.17, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.2% over the last 3 years. Earnings per share has grown by 27%. Revenue is forecast to grow by 22% in 2 years. Earnings is forecast to grow by 14% in the next 2 years. Price Target Changed • Nov 16
Price target increased to €77.00 Up from €59.00, the current price target is provided by 1 analyst. New target price is 40% above last closing price of €55.00. Stock is down 17% over the past year. The company is forecast to post earnings per share of €4.86 for next year compared to €2.24 last year. Price Target Changed • Nov 07
Price target increased to €77.00 Up from €62.00, the current price target is provided by 1 analyst. New target price is 41% above last closing price of €54.50. Stock is down 19% over the past year. The company is forecast to post earnings per share of €3.01 for next year compared to €2.24 last year. Reported Earnings • Nov 05
Third quarter 2022 earnings released: EPS: €1.96 (vs €0.27 in 3Q 2021) Third quarter 2022 results: EPS: €1.96 (up from €0.27 in 3Q 2021). Revenue: €76.0m (up 66% from 3Q 2021). Net income: €6.90m (up €5.93m from 3Q 2021). Profit margin: 9.1% (up from 2.1% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 06
Second quarter 2022 earnings released: EPS: €1.01 (vs €0.49 in 2Q 2021) Second quarter 2022 results: EPS: €1.01 (up from €0.49 in 2Q 2021). Revenue: €65.2m (up 49% from 2Q 2021). Net income: €3.56m (up 106% from 2Q 2021). Profit margin: 5.5% (up from 3.9% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 4.1%, compared to a 21% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 1% per year and the company’s share price has also increased by 1% per year. Price Target Changed • May 25
Price target decreased to €59.00 Down from €65.00, the current price target is provided by 1 analyst. New target price is 5.4% above last closing price of €56.00. Stock is up 17% over the past year. The company is forecast to post earnings per share of €2.68 for next year compared to €2.24 last year. Reported Earnings • May 11
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: €0.94 (up from €0.55 in 1Q 2021). Revenue: €63.3m (up 32% from 1Q 2021). Net income: €3.31m (up 71% from 1Q 2021). Profit margin: 5.2% (up from 4.0% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 13%. Over the next year, revenue is forecast to grow 2.8%, compared to a 27% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Upcoming Dividend • May 04
Upcoming dividend of €1.00 per share Eligible shareholders must have bought the stock before 11 May 2022. Payment date: 13 May 2022. Payout ratio is a comfortable 45% but the company is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (4.1%). Higher than average of industry peers (1.1%). Reported Earnings • Nov 06
Third quarter 2021 earnings released: EPS €0.27 (vs €0.49 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €45.8m (down 6.7% from 3Q 2020). Net income: €965.0k (down 44% from 3Q 2020). Profit margin: 2.1% (down from 3.5% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Reported Earnings • Aug 08
Second quarter 2021 earnings released: EPS €0.49 (vs €0.36 in 2Q 2020) The company reported a solid second quarter result with improved earnings and profit margins, although revenues were flat. Second quarter 2021 results: Revenue: €43.9m (flat on 2Q 2020). Net income: €1.73m (up 38% from 2Q 2020). Profit margin: 3.9% (up from 2.9% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Reported Earnings • May 08
First quarter 2021 earnings released: EPS €0.55 (vs €0.54 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: €48.0m (up 5.5% from 1Q 2020). Net income: €1.93m (up 1.3% from 1Q 2020). Profit margin: 4.0% (down from 4.2% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Upcoming Dividend • May 01
Upcoming dividend of €1.00 per share Eligible shareholders must have bought the stock before 07 May 2021. Payment date: 11 May 2021. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (3.1%). Higher than average of industry peers (0.8%). Reported Earnings • Mar 21
Full year 2020 earnings released: EPS €2.15 (vs €1.85 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: €192.2m (down 5.5% from FY 2019). Net income: €7.56m (up 16% from FY 2019). Profit margin: 3.9% (up from 3.2% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 21
New 90-day high: €48.60 The company is up 7.0% from its price of €45.60 on 23 October 2020. The German market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 17% over the same period. Is New 90 Day High Low • Dec 29
New 90-day high: €48.00 The company is up 4.0% from its price of €46.20 on 30 September 2020. The German market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 12% over the same period. Price Target Changed • Nov 13
Price target raised to €58.00 Up from €54.00, the current price target is provided by 1 analyst. The new target price is 26% above the current share price of €46.20. As of last close, the stock is down 8.5% over the past year. Is New 90 Day High Low • Nov 09
New 90-day low: €41.60 The company is down 3.0% from its price of €43.00 on 11 August 2020. The German market is down 1.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Electronic industry, which is also down 3.0% over the same period. Reported Earnings • Nov 07
Third quarter 2020 earnings released: EPS €0.49 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: €49.0m (up 11% from 3Q 2019). Net income: €1.71m (up €2.14m from 3Q 2019). Profit margin: 3.5% (up from net loss in 3Q 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Sep 18
New 90-day low: €42.40 The company is down 7.0% from its price of €45.40 on 19 June 2020. The German market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 2.0% over the same period.