Declared Dividend • May 08
Dividend increased to €3.20 Dividend of €3.20 is 19% higher than last year. Ex-date: 18th June 2026 Payment date: 22nd June 2026 Dividend yield will be 4.6%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is covered by earnings (53% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.9% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 33% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 08
Sixt SE, Annual General Meeting, Jun 17, 2026 Sixt SE, Annual General Meeting, Jun 17, 2026, at 10:00 W. Europe Standard Time. Reported Earnings • Mar 06
Full year 2025 earnings: Revenues in line with analyst expectations Full year 2025 results: Revenue: €4.64b (up 15% from FY 2024). Net income: €285.8m (up 17% from FY 2024). Profit margin: 6.2% (up from 6.1% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Transportation industry in Europe. Buy Or Sell Opportunity • Mar 05
Now 25% overvalued Over the last 90 days, the stock has fallen 5.3% to €67.25. The fair value is estimated to be €53.82, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 5.5% per annum. Earnings are also forecast to grow by 8.6% per annum over the same time period. Announcement • Dec 19
Sixt SE to Report Fiscal Year 2025 Results on Mar 04, 2026 Sixt SE announced that they will report fiscal year 2025 results on Mar 04, 2026 New Risk • Nov 21
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 13% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Nov 14
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: €1.40b (up 13% from 3Q 2024). Net income: €181.5m (up 1.1% from 3Q 2024). Profit margin: 13% (down from 14% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, while revenues in the Transportation industry in Europe are expected to remain flat. Reported Earnings • Aug 14
Second quarter 2025 earnings released: EPS: €1.67 (vs €1.03 in 2Q 2024) Second quarter 2025 results: EPS: €1.67 (up from €1.03 in 2Q 2024). Revenue: €1.21b (up 19% from 2Q 2024). Net income: €78.4m (up 62% from 2Q 2024). Profit margin: 6.5% (up from 4.8% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has fallen by 17% 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 30
Upcoming dividend of €2.70 per share Eligible shareholders must have bought the stock before 06 June 2025. Payment date: 11 June 2025. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of German dividend payers (4.3%). In line with average of industry peers (3.3%). Reported Earnings • May 14
First quarter 2025 earnings released First quarter 2025 results: Revenue: €921.5m (up 16% from 1Q 2024). Net loss: €12.6m (loss narrowed 46% from 1Q 2024). Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has fallen by 19% 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. Announcement • Apr 24
Sixt SE, Annual General Meeting, Jun 05, 2025 Sixt SE, Annual General Meeting, Jun 05, 2025, at 10:00 W. Europe Standard Time. Buy Or Sell Opportunity • Apr 04
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 12% to €69.35. The fair value is estimated to be €89.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has declined by 14%. For the next 3 years, revenue is forecast to grow by 5.8% per annum. Earnings are also forecast to grow by 16% per annum over the same time period. Reported Earnings • Mar 30
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: €5.20 (down from €7.14 in FY 2023). Revenue: €4.02b (up 11% from FY 2023). Net income: €243.9m (down 27% from FY 2023). Profit margin: 6.1% (down from 9.2% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.4%. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 13% per year. Announcement • Mar 01
Sixt SE Provides Earnings Guidance for the Full Year 2025 Sixt SE provided earnings guidance for the full year 2025. The company expects to increase revenue in a range of 5% to 10% for the full year 2025 despite a weak economy in Europe and a persistently competitive market. Announcement • Dec 20
Sixt SE to Report Q1, 2025 Results on May 13, 2025 Sixt SE announced that they will report Q1, 2025 results on May 13, 2025 Reported Earnings • Nov 13
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: €1.33b (up 18% from 3Q 2023). Net income: €179.5m (down 1.9% from 3Q 2023). Profit margin: 14% (down from 16% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Transportation industry in Europe. Price Target Changed • Sep 19
Price target decreased by 10% to €98.88 Down from €110, the current price target is an average from 8 analysts. New target price is 56% above last closing price of €63.45. Stock is down 30% over the past year. The company is forecast to post earnings per share of €5.40 for next year compared to €7.14 last year. Reported Earnings • Aug 08
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: €1.03 (down from €2.06 in 2Q 2023). Revenue: €1.08b (up 17% from 2Q 2023). Net income: €48.3m (down 50% from 2Q 2023). Profit margin: 4.5% (down from 10% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 29%. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Transportation industry in Europe. 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 19% per year, which means it is significantly lagging earnings. Announcement • Aug 08
Sixt SE Provides Earnings Guidance for the Second Quarter and for First Half of 2024 Sixt SE provides earnings guidance for the second quarter and for the first half of 2024. For the quarter, the company expects Group revenue totalled EUR 1.01 billion (Q2 2023: EUR 925.1 million).
For the first half, the company expects Group revenue totalled EUR 1.79 billion (H1 2023: EUR 1.62 billion). Buy Or Sell Opportunity • Jul 20
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 29% to €64.60. The fair value is estimated to be €81.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 6.6% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Announcement • Jun 26
Sixt SE(XTRA:SIX2) dropped from Germany MDAX Index (Performance) Sixt SE has been dropped from Germany MDAX Index (Performance). Upcoming Dividend • Jun 06
Upcoming dividend of €3.90 per share Eligible shareholders must have bought the stock before 13 June 2024. Payment date: 17 June 2024. Payout ratio is a comfortable 55% but the company is not cash flow positive. Trailing yield: 5.0%. Within top quartile of German dividend payers (4.5%). In line with average of industry peers (4.6%). Major Estimate Revision • May 14
Consensus EPS estimates fall by 15%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from €3.83b to €3.91b. EPS estimate fell from €7.03 to €6.00 per share. Net income forecast to grow 3.6% next year vs 3.6% growth forecast for Transportation industry in Germany. Consensus price target down from €129 to €114. Share price rose 4.0% to €80.15 over the past week. Reported Earnings • May 07
First quarter 2024 earnings released First quarter 2024 results: Revenue: €832.5m (up 18% from 1Q 2023). Net loss: €23.1m (down 204% from profit in 1Q 2023). Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Transportation industry in Europe. Price Target Changed • May 06
Price target decreased by 11% to €117 Down from €132, the current price target is an average from 8 analysts. New target price is 48% above last closing price of €79.00. Stock is down 31% over the past year. The company is forecast to post earnings per share of €6.59 for next year compared to €7.14 last year. Buy Or Sell Opportunity • Apr 04
Now 20% overvalued Over the last 90 days, the stock has fallen 4.1% to €90.85. The fair value is estimated to be €75.52, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 6.1% per annum. Earnings are also forecast to grow by 4.4% per annum over the same time period. Reported Earnings • Mar 28
Full year 2023 earnings: Revenues exceed analyst expectations Full year 2023 results: Revenue: €3.89b (up 26% from FY 2022). Net income: €335.1m (down 13% from FY 2022). Profit margin: 8.6% (down from 13% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.3%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Transportation industry in Europe. Buy Or Sell Opportunity • Feb 06
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 5.6% to €92.05. The fair value is estimated to be €75.37, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 12% in the next 2 years. Reported Earnings • Nov 09
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: €1.20b (up 20% from 3Q 2022). Net income: €183.0m (down 9.1% from 3Q 2022). Profit margin: 15% (down from 20% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Transportation industry in Europe. Announcement • Nov 09
Sixt SE Provides Consolidated Earnings Guidance for the Year 2023 Sixt SE provided consolidated earnings guidance for the year 2023. For the period, the company expects a consolidated revenue of around EUR 3.6 billion. Announcement • Nov 07
Sixt SE to Report Q3, 2023 Results on Nov 08, 2023 Sixt SE announced that they will report Q3, 2023 results on Nov 08, 2023 New Risk • Aug 14
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (25% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (10% net profit margin). Reported Earnings • Aug 11
Second quarter 2023 earnings: Revenues exceed analyst expectations Second quarter 2023 results: Revenue: €977.6m (up 31% from 2Q 2022). Net income: €96.6m (up 2.9% from 2Q 2022). Profit margin: 9.9% (down from 13% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.5%. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Transportation industry in Europe. Announcement • Aug 10
SIXT Provides Earnings Guidance for the Full Year 2023 SIXT provided earnings guidance for the full year 2023. For the year, the company expected a significant increase in revenue for the full year as well as an EBT within the EBT forecast, which ranges from EUR 430 million to 550 million. Price Target Changed • Aug 08
Price target decreased by 7.9% to €137 Down from €149, the current price target is an average from 8 analysts. New target price is 28% above last closing price of €108. Stock is down 14% over the past year. The company is forecast to post earnings per share of €7.37 for next year compared to €8.22 last year. Announcement • Jun 23
Sixt SE to Report Q2, 2023 Results on Aug 08, 2023 Sixt SE announced that they will report Q2, 2023 results on Aug 08, 2023 Upcoming Dividend • May 17
Upcoming dividend of €6.11 per share at 3.6% yield Eligible shareholders must have bought the stock before 24 May 2023. Payment date: 26 May 2023. Payout ratio is a comfortable 50% but the company is not cash flow positive. Trailing yield: 3.6%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.2%). Reported Earnings • May 12
First quarter 2023 earnings released First quarter 2023 results: Revenue: €752.5m (up 30% from 1Q 2022). Net income: €22.2m (down 67% from 1Q 2022). Profit margin: 2.9% (down from 11% 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 9.4% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Announcement • May 12
Sixt SE Provides Consolidated Earnings Guidance for the Year 2023 Sixt SE provided consolidated earnings guidance for the year 2023. The company expects a significant increase in consolidated revenue in 2023 compared to the previous year (2022: EUR 3.07 billion). In terms of earnings before taxes (EBT), it continues to expect a figure within the range of EUR 430 million to EUR 550 million. This means that the lower end of the target range remains clearly above the pre-COVID level (2019: EUR 308.2 million) and its upper end is on course for the record year 2022 (EUR 550.2 million). Reported Earnings • Apr 05
Full year 2022 earnings: Revenues in line with analyst expectations Full year 2022 results: Revenue: €3.07b (up 34% from FY 2021). Net income: €385.7m (up 23% from FY 2021). Profit margin: 13% (down from 14% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Transportation industry in Europe. Reported Earnings • Mar 03
Full year 2022 earnings: Revenues in line with analyst expectations Full year 2022 results: Revenue: €3.07b (up 34% from FY 2021). Net income: €385.7m (up 23% from FY 2021). Profit margin: 13% (down from 14% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Transportation industry in Europe. Price Target Changed • Feb 07
Price target increased by 8.1% to €138 Up from €128, the current price target is an average from 9 analysts. New target price is 17% above last closing price of €118. Stock is down 24% over the past year. The company is forecast to post earnings per share of €8.48 for next year compared to €6.67 last year. Reported Earnings • Nov 10
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: €1.09b (up 37% from 3Q 2021). Net income: €201.4m (up 2.0% from 3Q 2021). Profit margin: 18% (down from 25% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 11
Second quarter 2022 earnings: EPS and revenues exceed analyst expectations Second quarter 2022 results: EPS: €1.99 (up from €1.33 in 2Q 2021). Revenue: €812.2m (up 62% from 2Q 2021). Net income: €93.8m (up 50% from 2Q 2021). Profit margin: 12% (in line with 2Q 2021). Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 21%. Over the next year, revenue is forecast to grow 1.1%, compared to a 9.5% 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 only increased by 15% per year, which means it is significantly lagging earnings growth.