Reported Earnings • May 15
First quarter 2026 earnings released First quarter 2026 results: Revenue: €331.3m (up 56% from 1Q 2025). Net loss: €34.8m (down 109% from profit in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 38% per year, which means it is performing significantly worse than earnings. Reported Earnings • Feb 01
Full year 2025 earnings released Full year 2025 results: Revenue: €1.01b (down 46% from FY 2024). Net income: €590.0m (up €1.58b from FY 2024). Profit margin: 59% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Tillkännagivande • Jan 16
Bajaj Mobility AG Provides Consolidated Sales Guidance for the Fiscal Year 2025 Bajaj Mobility AG provided consolidated sales guidance for the fiscal year 2025. The company expects consolidated sales for the past fiscal year 2025 to be just over EUR 1 billion, marking a reduction of approximately 46% compared to the previous year. Tillkännagivande • Dec 09
PIERER Mobility AG, Annual General Meeting, Apr 24, 2026 PIERER Mobility AG, Annual General Meeting, Apr 24, 2026. Tillkännagivande • Nov 21
Florian Burguet and Cesar Rojo agreed to acquire an unknown majority stake in Felt Racing, LLC from PIERER Mobility AG (WBAG:PKTM). Florian Burguet and Cesar Rojo agreed to acquire an unknown majority stake in Felt Racing, LLC from PIERER Mobility AG (WBAG:PKTM) on November 20, 2025. Florian Burguet and Cesar Rojo, were already managing directors and minority shareholders of Felt Racing, LLC since 2023 and will continue running the Spanish and North American units independently.
The closing of the transaction is subject to the approval by the Supervisory Board and is expected to be completed before the end of the year. New Risk • Nov 17
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Swiss stocks, typically moving 7.5% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. 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 (-€250m free cash flow). Share price has been highly volatile over the past 3 months (7.5% average weekly change). Earnings have declined by 59% per year over the past 5 years. Reported Earnings • Sep 01
First half 2025 earnings released: EPS: €22.00 (vs €5.02 loss in 1H 2024) First half 2025 results: EPS: €22.00 (up from €5.02 loss in 1H 2024). Revenue: €425.2m (down 58% from 1H 2024). Net income: €743.4m (up €913.1m from 1H 2024). 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. New Risk • Aug 25
New major risk - Revenue and earnings growth Earnings have declined by 55% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (8.1% average weekly change). Earnings have declined by 55% per year over the past 5 years. Minor Risk Negative equity (-€194m). New Risk • May 30
New minor risk - Negative shareholders equity The company has negative equity. Total equity: -€194m This is considered a minor risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. It should be noted that some of the negative equity could be due to large buybacks of stock, which is not as much of a risk as a company with overwhelming debt, but likewise is not sustainable in the long-term. 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). Share price has been highly volatile over the past 3 months (16% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Negative equity (-€194m). Reported Earnings • May 30
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: €29.30 loss per share (down from €2.37 profit in FY 2023). Revenue: €1.88b (down 29% from FY 2023). Net loss: €990.3m (down €1.07b from profit in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 129%. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Auto industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. New Risk • Mar 14
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. 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). Share price has been highly volatile over the past 3 months (18% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Tillkännagivande • Jan 28
PIERER Mobility AG Appoints Stephan Zöchling as Supervisory Board Chairman PIERER Mobility AG announced that The Supervisory Board meeting following the Extraordinary General Meeting elected Stephan Zöchling as the new Chairman. Tillkännagivande • Jan 27
PIERER Mobility AG, Annual General Meeting, Apr 25, 2025 PIERER Mobility AG, Annual General Meeting, Apr 25, 2025. Price Target Changed • Jan 21
Price target increased by 8.0% to CHF20.85 Up from CHF19.30, the current price target is provided by 1 analyst. New target price is 39% above last closing price of CHF15.04. Stock is down 68% over the past year. The company posted earnings per share of €2.37 last year. Tillkännagivande • Jan 03
PIERER Mobility AG Announces Resignation of Chairman of the Supervisory Board, Josef Blazicek PIERER Mobility AG announced the current chairman of the supervisory board, Josef Blazicek, resigned from the supervisory board with effect from the end of the next general assembly. Tillkännagivande • Oct 22
PIERER Mobility AG Cancels Guidance for the Year 2024 PIERER Mobility AG canceled guidance for the year 2024 . Company will fall short of expectations in terms of revenue and earnings, as well as with regard to the reduction in working capital and net debt in the current financial year, and is revoking its guidance for the 2024 financial year. A new review of non-cash value adjustments will also be carried out by the end of the year. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CHF18.98, the stock trades at a trailing P/E ratio of 4.4x. Average forward P/E is 4x in the Auto industry in Europe. Total loss to shareholders of 77% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CHF18.94 per share. Reported Earnings • Aug 29
First half 2023 earnings released: EPS: €1.63 (vs €2.00 in 1H 2022) First half 2023 results: EPS: €1.63 (down from €2.00 in 1H 2022). Revenue: €1.39b (up 20% from 1H 2022). Net income: €55.0m (down 19% from 1H 2022). Profit margin: 4.0% (down from 5.9% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.1% p.a. on average during the next 4 years, compared to a 2.7% growth forecast for the Auto industry in Europe. Price Target Changed • Aug 29
Price target decreased by 10% to CHF37.00 Down from CHF41.23, the current price target is provided by 1 analyst. New target price is 43% above last closing price of CHF25.80. Stock is down 64% over the past year. The company posted earnings per share of €5.03 last year. Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to CHF26.90, the stock trades at a trailing P/E ratio of 11.8x. Average forward P/E is 5x in the Auto industry in Europe. Total loss to shareholders of 65% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CHF17.56 per share. New Risk • Jun 11
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 Swiss stocks, typically moving 4.5% 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 Risks Interest payments are not well covered by earnings (2.5x net interest cover). High level of non-cash earnings (38% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (4.5% average weekly change). Profit margins are more than 30% lower than last year (3.0% net profit margin). Buy Or Sell Opportunity • May 06
Now 25% overvalued Over the last 90 days, the stock has fallen 23% to CHF37.60. The fair value is estimated to be CHF30.16, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 5.6% per annum. Earnings are also forecast to grow by 24% per annum over the same time period. Upcoming Dividend • Apr 17
Upcoming dividend of €0.50 per share Eligible shareholders must have bought the stock before 24 April 2024. Payment date: 29 April 2024. Payout ratio is a comfortable 21% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of Swiss dividend payers (4.1%). Lower than average of industry peers (5.7%). New Risk • Mar 30
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.5x 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 Risks Interest payments are not well covered by earnings (2.5x net interest cover). High level of non-cash earnings (38% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (3.0% net profit margin). Declared Dividend • Mar 17
Dividend of €0.50 announced Shareholders will receive a dividend of €0.50. Ex-date: 24th April 2024 Payment date: 29th April 2024 Dividend yield will be 1.1%, which is lower than the industry average of 3.3%. Sustainability & Growth Dividend is covered by earnings (43% earnings payout ratio) but not adequately covered by cash flows (99% cash payout ratio). The dividend has increased by an average of 27% per year over the past 8 years. However, payments have been volatile during that time. Earnings per share has grown by 25% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Jan 31
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.2% 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 1.2% per year for the foreseeable future. Minor Risks High level of debt (50% net debt to equity). Dividend is not well covered by cash flows (99% cash payout ratio). Share price has been volatile over the past 3 months (5.8% average weekly change). Tillkännagivande • Jan 11
Pierer Mobility Ag Provides Preliminary Consolidated Earnings Guidance for the Year 2023 PIERER Mobility AG provided preliminary consolidated earnings guidance for the year 2023. For the year, the company expects sales of between EUR 2,650 million and EUR 2,670 million for the 2023 financial year, which represents an increase of around 9 % compared to the previous year. Valuation Update With 7 Day Price Move • Dec 07
Investor sentiment deteriorates as stock falls 14% After last week's 14% share price decline to CHF50.50, the stock trades at a trailing P/E ratio of 11.8x. Average forward P/E is 6x in the Auto industry in Europe. Total loss to shareholders of 15% over the past three years. Price Target Changed • Dec 07
Price target decreased by 14% to CHF79.67 Down from CHF92.20, the current price target is provided by 1 analyst. New target price is 58% above last closing price of CHF50.50. Stock is down 19% over the past year. The company posted earnings per share of €5.03 last year. New Risk • Nov 15
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 Swiss stocks, typically moving 4.6% 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: Minor Risks High level of debt (50% net debt to equity). Dividend is not well covered by cash flows (99% cash payout ratio). Share price has been volatile over the past 3 months (4.6% average weekly change). New Risk • Aug 31
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 50% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (50% net debt to equity). Dividend is not well covered by cash flows (99% cash payout ratio). Upcoming Dividend • Apr 19
Upcoming dividend of €2.00 per share at 2.5% yield Eligible shareholders must have bought the stock before 26 April 2023. Payment date: 02 May 2023. Payout ratio is a comfortable 40% and the cash payout ratio is 100%. Trailing yield: 2.5%. Lower than top quartile of Swiss dividend payers (4.3%). Lower than average of industry peers (5.5%). Reported Earnings • Mar 30
Full year 2022 earnings released Full year 2022 results: Revenue: €2.44b (up 19% from FY 2021). Net income: €169.9m (up 106% from FY 2021). Profit margin: 7.0% (up from 4.0% in FY 2021). Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Auto industry in Europe. Price Target Changed • Nov 16
Price target decreased to CHF91.50 Down from CHF100.00, the current price target is provided by 1 analyst. New target price is 39% above last closing price of CHF65.70. Stock is down 24% over the past year. The company posted earnings per share of €3.34 last year. Tillkännagivande • Sep 14
PIERER Mobility AG to Report Fiscal Year 2022 Results on Jan 31, 2023 PIERER Mobility AG announced that they will report fiscal year 2022 results on Jan 31, 2023 Reported Earnings • Sep 01
First half 2022 earnings released: EPS: €2.00 (vs €1.79 in 1H 2021) First half 2022 results: EPS: €2.00 (up from €1.79 in 1H 2021). Revenue: €1.15b (up 7.1% from 1H 2021). Net income: €67.6m (up 68% from 1H 2021). Profit margin: 5.9% (up from 3.7% in 1H 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 10%, compared to a 10% growth forecast for the Auto industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Aug 18
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 23%. The fair value is estimated to be CHF74.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 22%. For the next 3 years, revenue is forecast to grow by 7.4% per annum. Earnings is also forecast to grow by 20% per annum over the same time period. Price Target Changed • Aug 18
Price target decreased to CHF88.50 Down from CHF100.00, the current price target is an average from 2 analysts. New target price is 50% above last closing price of CHF59.00. Stock is down 27% over the past year. The company posted earnings per share of €3.34 last year. Price Target Changed • Apr 27
Price target increased to CHF108 Up from CHF100.00, the current price target is an average from 2 analysts. New target price is 33% above last closing price of CHF81.00. Stock is down 1.7% over the past year. The company posted earnings per share of €3.34 last year. Reported Earnings • Mar 31
Full year 2021 earnings: EPS exceeds analyst expectations Full year 2021 results: EPS: €3.34 (up from €1.56 in FY 2020). Revenue: €2.04b (up 33% from FY 2020). Net income: €82.5m (up 136% from FY 2020). Profit margin: 4.0% (up from 2.3% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.1%. Over the next year, revenue is forecast to grow 8.9%, compared to a 11% growth forecast for the industry in Switzerland. 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 11% per year, which means it is significantly lagging earnings growth. Price Target Changed • Nov 16
Price target increased to CHF100.00 Up from CHF88.00, the current price target is an average from 2 analysts. New target price is 16% above last closing price of CHF86.00. Stock is up 46% over the past year. The company is forecast to post earnings per share of €2.62 for next year compared to €1.56 last year. Upcoming Dividend • Apr 28
Upcoming dividend of €0.50 per share Eligible shareholders must have bought the stock before 05 May 2021. Payment date: 10 May 2021. Trailing yield: 0.7%. Lower than top quartile of Swiss dividend payers (3.6%). Lower than average of industry peers (2.1%). Reported Earnings • Apr 01
Full year 2020 earnings released: EPS €1.56 (vs €2.42 in FY 2019) The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: €1.53b (flat on FY 2019). Net income: €34.9m (down 36% from FY 2019). Profit margin: 2.3% (down from 3.6% in FY 2019). Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 4% per year. Is New 90 Day High Low • Feb 08
New 90-day high: CHF77.00 The company is up 34% from its price of CHF57.40 on 10 November 2020. The Swiss market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CHF31.77 per share. Is New 90 Day High Low • Jan 07
New 90-day high: CHF74.20 The company is up 35% from its price of CHF55.00 on 09 October 2020. The Swiss market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CHF26.71 per share. Is New 90 Day High Low • Dec 22
New 90-day high: CHF71.00 The company is up 29% from its price of CHF54.90 on 23 September 2020. The Swiss market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CHF27.16 per share. Price Target Changed • Dec 14
Price target raised to CHF77.00 Up from CHF69.50, the current price target is an average from 3 analysts. The new target price is 15% above the current share price of CHF66.70. As of last close, the stock is up 32% over the past year. Is New 90 Day High Low • Dec 07
New 90-day high: CHF61.30 The company is up 9.0% from its price of CHF56.30 on 08 September 2020. The Swiss market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Auto industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CHF37.89 per share. Is New 90 Day High Low • Nov 13
New 90-day high: CHF58.00 The company is up 10.0% from its price of CHF52.70 on 14 August 2020. The Swiss market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Auto industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CHF42.36 per share. 
