Upcoming Dividend • May 26
Upcoming dividend of €0.30 per share Eligible shareholders must have bought the stock before 02 June 2026. Payment date: 04 June 2026. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of British dividend payers (5.6%). Higher than average of industry peers (3.4%). New Risk • May 02
New major risk - Revenue and earnings growth Earnings have declined by 32% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 32% per year over the past 5 years. 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 (1.8% net profit margin). Announcement • Apr 16
Akwel SA, Annual General Meeting, May 21, 2026 Akwel SA, Annual General Meeting, May 21, 2026. Location: 975 route des burgondes, champfromier France Announcement • Apr 01
Akwel SA to Report First Half, 2026 Results on Sep 17, 2026 Akwel SA announced that they will report first half, 2026 results on Sep 17, 2026 New Risk • Feb 19
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.0% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.0% per year for the foreseeable future. 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 (1.8% net profit margin). Announcement • Feb 06
Akwel SA to Report Fiscal Year 2025 Results on Apr 02, 2026 Akwel SA announced that they will report fiscal year 2025 results at 5:40 PM, Central European Standard Time on Apr 02, 2026 Announcement • Nov 08
Akwel SA Provides Consolidated Revenue Guidance for 2026 Akwel SA provided consolidated revenue guidance for 2026. Having concluded its budgetary process, the Group now anticipates a double-digit decline in its consolidated revenue for 2026. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to €8.50, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Auto Components industry in Europe. Total loss to shareholders of 41% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €10.56 per share. Upcoming Dividend • Sep 25
Upcoming dividend of €0.30 per share Eligible shareholders must have bought the stock before 02 October 2025. Payment date: 07 October 2025. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of British dividend payers (5.4%). Lower than average of industry peers (3.8%). New Risk • Sep 23
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: 1.8% Last year net profit margin: 3.2% 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: 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 (1.8% net profit margin). Valuation Update With 7 Day Price Move • Sep 19
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to €9.60, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 10x in the Auto Components industry in Europe. Total loss to shareholders of 31% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €13.68 per share. Upcoming Dividend • Jun 23
Upcoming dividend of €0.30 per share Eligible shareholders must have bought the stock before 30 June 2025. Payment date: 02 July 2025. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of British dividend payers (5.6%). In line with average of industry peers (3.8%). Announcement • May 13
Akwel SA, Annual General Meeting, Jun 25, 2025 Akwel SA, Annual General Meeting, Jun 25, 2025. Location: 975 route des burgondes, champfromier France Declared Dividend • Apr 24
Dividend of €0.30 announced Dividend of €0.30 is the same as last year. Ex-date: 2nd June 2025 Payment date: 4th June 2025 Dividend yield will be 4.0%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (24% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 14% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 17
Akwel SA, Annual General Meeting, May 22, 2025 Akwel SA, Annual General Meeting, May 22, 2025. Location: 975 route des burgondes, champfromier France Reported Earnings • Apr 06
Full year 2024 earnings released: EPS: €0.91 (vs €1.34 in FY 2023) Full year 2024 results: EPS: €0.91 (down from €1.34 in FY 2023). Revenue: €989.0m (down 7.3% from FY 2023). Net income: €24.2m (down 32% from FY 2023). Profit margin: 2.4% (down from 3.3% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 3.7% p.a. on average during the next 3 years, while revenues in the Auto Components industry in the United Kingdom are expected to grow by 4.5%. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 27% per year, which means it is performing significantly worse than earnings. Announcement • Apr 02
Akwel SA to Report First Half, 2025 Results on Sep 18, 2025 Akwel SA announced that they will report first half, 2025 results on Sep 18, 2025 Buy Or Sell Opportunity • Feb 09
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 24% to €7.15. The fair value is estimated to be €9.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years. Earnings per share has declined by 31%. Revenue is forecast to decline by 13% in 2 years. Earnings are forecast to decline by 29% in the next 2 years. Announcement • Feb 06
Akwel SA to Report Fiscal Year 2024 Results on Apr 03, 2025 Akwel SA announced that they will report fiscal year 2024 results at 5:40 PM, Central European Standard Time on Apr 03, 2025 New Risk • Nov 11
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings are forecast to decline by an average of 0.9% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Nov 08
Akwel SA Provides Consolidated Revenue Guidance for the Year 2024 Akwel SA provided consolidated revenue guidance for the year 2024. Performance in the third quarter and current developments in the global automotive market are consistent with an expected decline in revenue for 2024, with the decline in SCR series activity before the planned production shutdown in 2025 (excluding SCR spare parts activity) adding to a difficult market situation. Reported Earnings • Sep 26
First half 2024 earnings released: EPS: €0.76 (vs €0.72 in 1H 2023) First half 2024 results: EPS: €0.76 (up from €0.72 in 1H 2023). Revenue: €528.8m (flat on 1H 2023). Net income: €20.2m (up 5.4% from 1H 2023). Profit margin: 3.8% (up from 3.6% in 1H 2023). Revenue is forecast to stay flat during the next 3 years compared to a 5.1% growth forecast for the Auto Components industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Announcement • Jul 26
Akwel SA Provides Turnover Guidance for the Year 2024 Akwel SA provided turnover guidance for the year 2024. For the year, the company expects its turnover to remain stable for the current financial year. Upcoming Dividend • May 27
Upcoming dividend of €0.30 per share Eligible shareholders must have bought the stock before 03 June 2024. Payment date: 05 June 2024. Payout ratio is a comfortable 22% but the company is paying out more than the cash it is generating. Trailing yield: 2.2%. Lower than top quartile of British dividend payers (5.7%). Lower than average of industry peers (3.3%). Declared Dividend • Apr 17
Dividend of €0.30 announced Dividend of €0.30 is the same as last year. Ex-date: 3rd June 2024 Payment date: 5th June 2024 Dividend yield will be 2.2%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (25% earnings payout ratio) but not covered by cash flows (126% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 23% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 09
Full year 2023 earnings released: EPS: €1.34 (vs €0.41 in FY 2022) Full year 2023 results: EPS: €1.34 (up from €0.41 in FY 2022). Revenue: €1.07b (up 7.7% from FY 2022). Net income: €35.7m (up 222% from FY 2022). Profit margin: 3.3% (up from 1.1% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.0% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Auto Components industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Announcement • Apr 05
Akwel SA Proposes Dividend for 2023 Akwel SA announced that the distribution of a dividend of €0.30 per share for 2023 will be proposed at the Annual General Meeting of Shareholders to be held on May 23, 2024. New Risk • Mar 16
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.2% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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. Buy Or Sell Opportunity • Feb 09
Now 21% undervalued Over the last 90 days, the stock has risen 19% to €16.89. The fair value is estimated to be €21.44, 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. Earnings per share has declined by 48%. Revenue is forecast to grow by 4.8% in 2 years. Earnings are forecast to grow by 53% in the next 2 years. Buying Opportunity • Dec 06
Now 21% undervalued Over the last 90 days, the stock is up 2.3%. The fair value is estimated to be €19.36, 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. Earnings per share has declined by 48%. Revenue is forecast to grow by 4.8% in 2 years. Earnings is forecast to grow by 53% in the next 2 years. Announcement • Nov 23
Akwel SA (ENXTPA:AKW) commences an Equity Buyback Plan, under the authorization approved on May 25, 2023. Akwel SA (ENXTPA:AKW) commences a share repurchases on November 13, 2023, under the program mandated by the shareholders in the Combined General Meeting held on May 25, 2023. As per the mandate, the company is authorized to repurchase its own shares in such a way that the total shares held will not exceed 10% of the total number of shares making up the share capital of the company. The unit purchase price must not exceed 50 euros. The purpose of the program is to ensure the operation of the company's securities market by an investment service provider, operating independently within the framework of a liquidity contract, to proceed with the possible cancellation of all or part of the shares thus repurchased and to implement any market practice that may be permitted by the regulations, and more generally to carry out any operation in compliance with the regulations in force. The authorization is granted for a period of 18 months from the day of this meeting, i.e. until November 25, 2024.
On July 27, 2023, the company announced a share repurchase program. Under the program, the company has signed a share buyback agreement with the investment service provider Gilbert Dupont to repurchase a maximum of €133.4 million, corresponding to a maximum purchase price of €50 per share and a maximum number of shares of 2,668,060. The purpose of the program is to cancel the shares thus redeemed, under the conditions provided for by law. Announcement • Jul 29
Akwel SA Provides Earnings Guidance for the Financial Year 2023 Akwel SA provided earnings guidance for the financial year 2023. For the year, the company expected around 10% revenue growth. Announcement • Feb 10
Akwel SA Provides Financial Guidance for the Year 2022 and 2023 Akwel SA provided financial guidance for the year 2022 and 2023. As expected, the Group’s profitability was impacted by supply constraints and the difficulties in passing on the inflationary impacts recorded across all operating costs, with current operating income expected to fall by around 40% for 2022. For the 2023 financial year, in an environment in which visibility over the global automotive market remains very limited due to economic and geopolitical tensions, the company anticipates a slight increase in turnover. Reported Earnings • Sep 26
First half 2022 earnings released: EPS: €0.07 (vs €1.42 in 1H 2021) First half 2022 results: EPS: €0.07 (down from €1.42 in 1H 2021). Revenue: €491.0m (flat on 1H 2021). Net income: €1.93m (down 95% from 1H 2021). Profit margin: 0.4% (down from 7.8% in 1H 2021). Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Auto Components industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 5% per year. Upcoming Dividend • Jun 01
Upcoming dividend of €0.45 per share Eligible shareholders must have bought the stock before 08 June 2022. Payment date: 10 June 2022. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of British dividend payers (4.8%). Lower than average of industry peers (3.4%). Reported Earnings • Apr 11
Full year 2021 earnings released Full year 2021 results: Revenue: €922.5m (down 1.6% from FY 2020). Net income: €51.2m (down 40% from FY 2020). Profit margin: 5.6% (down from 9.1% in FY 2020). The decrease in margin was primarily driven by higher expenses. Over the next year, revenue is forecast to grow 19%, compared to a 123% growth forecast for the industry in the United Kingdom. Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €18.96, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Auto Components industry in Europe. Total returns to shareholders of 27% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €26.16 per share. Buying Opportunity • Feb 24
Now 26% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €27.37, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.6% per annum over the last 3 years. Earnings per share has grown by 11% per annum over the last 3 years. Buying Opportunity • Jan 24
Now 23% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €28.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.6% per annum over the last 3 years. Earnings per share has grown by 11% per annum over the last 3 years. Upcoming Dividend • Jun 01
Upcoming dividend of €0.45 per share Eligible shareholders must have bought the stock before 08 June 2021. Payment date: 10 June 2021. Trailing yield: 1.6%. Lower than top quartile of British dividend payers (4.0%). Lower than average of industry peers (2.0%). Reported Earnings • Apr 12
Full year 2020 earnings released The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: €937.2m (down 15% from FY 2019). Net income: €85.5m (up 36% from FY 2019). Profit margin: 9.1% (up from 5.7% in FY 2019). The increase in margin was driven by lower expenses. Is New 90 Day High Low • Feb 27
New 90-day high: €29.20 The company is up 44% from its price of €20.25 on 19 November 2020. The British market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €34.13 per share. Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment improved over the past week After last week's 21% share price gain to €27.75, the stock is trading at a trailing P/E ratio of 15.7x, up from the previous P/E ratio of 13x. This compares to an average P/E of 29x in the Auto Components industry in Europe. Total return to shareholders over the past three years is a loss of 7.8%. Valuation Update With 7 Day Price Move • Nov 19
Market bids up stock over the past week After last week's 21% share price gain to €20.10, the stock is trading at a trailing P/E ratio of 11.4x, up from the previous P/E ratio of 9.4x. This compares to an average P/E of 23x in the Auto Components industry in Europe. Total return to shareholders over the past three years is a loss of 37%. Reported Earnings • Oct 01
First half earnings released Over the last 12 months the company has reported total profits of €47.4m, down 6.8% from the prior year. Total revenue was €921.7m over the last 12 months, down 14% from the prior year. 