Buy Or Sell Opportunity • 3h
Now 21% undervalued Over the last 90 days, the stock has risen 29% to €19.80. The fair value is estimated to be €24.94, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.0% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 119% in the next 2 years. Upcoming Dividend • Jun 09
Upcoming dividend of CA$0.05 per share Eligible shareholders must have bought the stock before 16 June 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 0.6%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (0.9%). New Risk • May 29
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 German stocks, typically moving 8.8% 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. This is currently the only risk that has been identified for the company. Board Change • May 21
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. Independent Director JP Veitch was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • May 11
Magellan Aerospace Corporation Declares Quarterly Cash Dividend, Payable on June 30, 2026 Magellan Aerospace Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.05 (five cents) per share on the Corporation’s common shares. The Board of Directors of the Corporation continues to review its dividends on a quarterly basis for more visibility of recovery, and ensure that the dividend declared balances the return of capital to shareholders while maintaining adequate financial flexibility and investment in growth initiatives. The dividend is payable on June 30, 2026 to stockholders of record at the close of business on June 16, 2026. Duyuru • Mar 07
Magellan Aerospace Corporation Announces Quarterly Cash Dividend, Payable on March 31, 2026 Magellan Aerospace Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.05 (five cents) per share on the Corporation’s common shares. The Board of Directors of the Corporation continues to review its dividends on a quarterly basis for more visibility of recovery, and ensure that the dividend declared balances the return of capital to shareholders while maintaining adequate financial flexibility and investment in growth initiatives. The dividend is payable on March 31, 2026 to stockholders of record at the close of business on March 17, 2026. Duyuru • Feb 24
Magellan Aerospace Corporation, Annual General Meeting, May 08, 2026 Magellan Aerospace Corporation, Annual General Meeting, May 08, 2026. Location: ontario, mississauga Canada Duyuru • Nov 08
Magellan Aerospace Corporation Announces Quarterly Dividend, Payable on December 31, 2025 Magellan Aerospace Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.05 (five cents) per share on the Corporation’s common shares. The Board of Directors of the Corporation continues to review its dividends on a quarterly basis for more visibility of recovery, and ensure that the dividend declared balances the return of capital to shareholders while maintaining adequate financial flexibility and investment in growth initiatives. The dividend is payable on December 31, 2025 to stockholders of record at the close of business on December 17, 2025. Duyuru • May 07
Magellan Aerospace Announces Quarterly Dividend, Payable on June 30, 2025 Magellan Aerospace Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.05 (five cents) per share on the Corporation’s common shares, an increase of $0.025 (two and one-half cents) from the Corporation’s quarterly dividend paid in the first quarter of 2025. The increase in the dividend rate is reflective of the Corporation’s improving balance sheet and financial results. The dividend is payable on June 30, 2025 to stockholders of record at the close of business on June 16, 2025. Duyuru • Mar 08
Magellan Aerospace Announces Quarterly Dividend, Payable on March 31, 2025 Magellan Aerospace Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.025 (two and one-half cents) per share on the Corporation’s common shares. The Board of Directors of the Corporation continues to review its dividends on a quarterly basis for more visibility of recovery, and ensure that the dividend declared balances the return of capital to shareholders while maintaining adequate financial flexibility and investment in growth initiatives. The dividend is payable on March 31, 2025 to stockholders of record at the close of business on March 19, 2025. Duyuru • Feb 26
Magellan Aerospace Corporation, Annual General Meeting, May 06, 2025 Magellan Aerospace Corporation, Annual General Meeting, May 06, 2025. Location: ontario, mississauga Canada Declared Dividend • Nov 07
Third quarter dividend of CA$0.025 announced Shareholders will receive a dividend of CA$0.025. Ex-date: 17th December 2024 Payment date: 31st December 2024 Dividend yield will be 1.1%, which is lower than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (8% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 156% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Nov 02
Magellan Aerospace Corporation Announces Quarterly Cash Dividend, Payable on December 31, 2024 Magellan Aerospace Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.025 (two and one-half cents) per share on the Corporation’s common shares. The Board of Directors of the Corporation continues to review its dividends on a quarterly basis for more visibility of recovery, and ensure that the dividend declared balances the return of capital to shareholders while maintaining adequate financial flexibility and investment in growth initiatives. The dividend is payable on December 31, 2024 to stockholders of record at the close of business on December 17, 2024. Upcoming Dividend • Sep 09
Upcoming dividend of CA$0.025 per share Eligible shareholders must have bought the stock before 16 September 2024. Payment date: 30 September 2024. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (4.9%). In line with average of industry peers (1.0%). Declared Dividend • Aug 12
Second quarter dividend of CA$0.025 announced Shareholders will receive a dividend of CA$0.025. Ex-date: 16th September 2024 Payment date: 30th September 2024 Dividend yield will be 1.3%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 272% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 07
Second quarter 2024 earnings released: EPS: CA$0.13 (vs CA$0.034 in 2Q 2023) Second quarter 2024 results: EPS: CA$0.13 (up from CA$0.034 in 2Q 2023). Revenue: CA$242.9m (up 11% from 2Q 2023). Net income: CA$7.45m (up 276% from 2Q 2023). Profit margin: 3.1% (up from 0.9% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jun 07
Upcoming dividend of CA$0.025 per share Eligible shareholders must have bought the stock before 14 June 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 49% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.5%). Higher than average of industry peers (1.0%). Board Change • Jun 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. Independent Director JP Veitch was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • May 05
First quarter dividend of CA$0.025 announced Shareholders will receive a dividend of CA$0.025. Ex-date: 14th June 2024 Payment date: 28th June 2024 Dividend yield will be 1.4%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (37% 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 decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 68% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 03
First quarter 2024 earnings released: EPS: CA$0.11 (vs CA$0.067 in 1Q 2023) First quarter 2024 results: EPS: CA$0.11 (up from CA$0.067 in 1Q 2023). Revenue: CA$235.2m (up 5.3% from 1Q 2023). Net income: CA$6.31m (up 64% from 1Q 2023). Profit margin: 2.7% (up from 1.7% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Duyuru • May 01
Magellan Aerospace Corporation Declares Quarterly Dividend, Payable on June 28, 2024 Magellan Aerospace Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.025 per share on the company’s common shares. The dividend is payable on June 28, 2024, to stockholders of record at the close of business on June 14, 2024. Duyuru • Mar 12
Magellan Aerospace Corporation Announces Impairment Charges for the Three Months Ended December 31, 2023 Magellan Aerospace Corporation announced impairment charges for the three months ended December 31, 2023. For the quarter, the company announced impairment of property, plant and equipment was CAD 600,000 compared to CAD 1,772,000 a year ago. The company also reported Impairment of intangibles of CAD 555,000 against CAD 711,000 a year ago. Reported Earnings • Mar 12
Full year 2023 earnings released: EPS: CA$0.16 (vs CA$0.38 loss in FY 2022) Full year 2023 results: EPS: CA$0.16 (up from CA$0.38 loss in FY 2022). Revenue: CA$879.6m (up 15% from FY 2022). Net income: CA$9.25m (up CA$30.9m from FY 2022). Profit margin: 1.1% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 9.8% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Declared Dividend • Mar 07
Third quarter dividend of CA$0.025 announced Shareholders will receive a dividend of CA$0.025. Ex-date: 14th March 2024 Payment date: 29th March 2024 Dividend yield will be 1.4%, which is about the same as the industry average. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Duyuru • Feb 17
Magellan Aerospace Corporation, Annual General Meeting, Apr 30, 2024 Magellan Aerospace Corporation, Annual General Meeting, Apr 30, 2024. Upcoming Dividend • Dec 07
Upcoming dividend of CA$0.025 per share at 1.3% yield Eligible shareholders must have bought the stock before 14 December 2023. Payment date: 29 December 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (5.2%). Lower than average of industry peers (1.6%). Reported Earnings • Nov 09
Third quarter 2023 earnings released: EPS: CA$0.06 (vs CA$0.01 in 3Q 2022) Third quarter 2023 results: EPS: CA$0.06 (up from CA$0.01 in 3Q 2022). Revenue: CA$213.0m (up 12% from 3Q 2022). Net income: CA$3.67m (up CA$3.11m from 3Q 2022). Profit margin: 1.7% (up from 0.3% in 3Q 2022). Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Duyuru • Nov 04
Magellan Aerospace Corporation Declares Quarterly Cash Dividend, Payable on December 29, 2023 Magellan Aerospace Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.025 per share on the Corporation’s common shares. The Board of Directors of the Corporation continues to review its dividends on a quarterly basis for more visibility of recovery, and ensure that the dividend declared balances the return of capital to shareholders while maintaining adequate financial flexibility and investment in growth initiatives. The dividend is payable on December 29, 2023, to stockholders of record at the close of business on December 15, 2023. Upcoming Dividend • Sep 07
Upcoming dividend of CA$0.025 per share at 1.4% yield Eligible shareholders must have bought the stock before 14 September 2023. Payment date: 29 September 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (4.8%). In line with average of industry peers (1.5%). Reported Earnings • Aug 09
Second quarter 2023 earnings released: EPS: CA$0.03 (vs CA$0.009 in 2Q 2022) Second quarter 2023 results: EPS: CA$0.03 (up from CA$0.009 in 2Q 2022). Revenue: CA$219.7m (up 14% from 2Q 2022). Net income: CA$1.98m (up 267% from 2Q 2022). Profit margin: 0.9% (up from 0.3% in 2Q 2022). Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Duyuru • Aug 05
Magellan Aerospace Corporation Declares Quarterly Cash Dividend, Payable on September 29, 2023 Magellan Aerospace Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.025 per share on the Corporation’s common shares. The Board of Directors of the Corporation continues to review its dividends on a quarterly basis for more visibility of recovery, and ensure that the dividend declared balances the return of capital to shareholders while maintaining adequate financial flexibility and investment in growth initiatives. The dividend is payable on September 29, 2023, to stockholders of record at the close of business on September 15, 2023. Upcoming Dividend • Jun 09
Upcoming dividend of CA$0.025 per share at 1.2% yield Eligible shareholders must have bought the stock before 15 June 2023. Payment date: 30 June 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (1.6%). Reported Earnings • May 07
First quarter 2023 earnings released: EPS: CA$0.07 (vs CA$0.035 loss in 1Q 2022) First quarter 2023 results: EPS: CA$0.07 (up from CA$0.035 loss in 1Q 2022). Revenue: CA$223.4m (up 19% from 1Q 2022). Net income: CA$3.86m (up CA$5.89m from 1Q 2022). Profit margin: 1.7% (up from net loss in 1Q 2022). Revenue is forecast to grow 6.7% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 117 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 12
Full year 2022 earnings released: CA$0.38 loss per share (vs CA$0.017 loss in FY 2021) Full year 2022 results: CA$0.38 loss per share (further deteriorated from CA$0.017 loss in FY 2021). Revenue: CA$764.6m (up 11% from FY 2021). Net loss: CA$21.7m (loss widened CA$20.7m from FY 2021). Revenue is forecast to grow 8.7% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 125 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Dec 07
Upcoming dividend of CA$0.025 per share Eligible shareholders must have bought the stock before 14 December 2022. Payment date: 30 December 2022. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (4.9%). In line with average of industry peers (1.3%). Reported Earnings • Nov 10
Third quarter 2022 earnings released: EPS: CA$0.01 (vs CA$0.008 in 3Q 2021) Third quarter 2022 results: EPS: CA$0.01 (up from CA$0.008 in 3Q 2021). Revenue: CA$191.1m (up 15% from 3Q 2021). Net income: CA$563.0k (up 23% from 3Q 2021). Profit margin: 0.3% (in line with 3Q 2021). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Aerospace & Defense industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Sep 07
Upcoming dividend of CA$0.05 per share Eligible shareholders must have bought the stock before 14 September 2022. Payment date: 29 September 2022. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 2.6%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.5%). Reported Earnings • Aug 11
Second quarter 2022 earnings released: EPS: CA$0.01 (vs CA$0.018 in 2Q 2021) Second quarter 2022 results: EPS: CA$0.01 (down from CA$0.018 in 2Q 2021). Revenue: CA$192.7m (up 15% from 2Q 2021). Net income: CA$540.0k (down 49% from 2Q 2021). Profit margin: 0.3% (down from 0.6% in 2Q 2021). Over the next year, revenue is forecast to grow 16%, compared to a 26% 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 88 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Jun 08
Upcoming dividend of CA$0.08 per share Eligible shareholders must have bought the stock before 15 June 2022. Payment date: 30 June 2022. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 4.1%. Lower than top quartile of German dividend payers (4.2%). Higher than average of industry peers (1.3%). Buying Opportunity • May 08
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €8.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 17% over the last 3 years. Meanwhile, the company became loss making. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. Independent Director JP Veitch was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Dec 09
Upcoming dividend of CA$0.10 per share Eligible shareholders must have bought the stock before 16 December 2021. Payment date: 31 December 2021. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 4.1%. Within top quartile of German dividend payers (3.4%). Higher than average of industry peers (1.7%). Upcoming Dividend • Sep 08
Upcoming dividend of CA$0.10 per share Eligible shareholders must have bought the stock before 15 September 2021. Payment date: 29 September 2021. Trailing yield: 4.0%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (1.7%). Reported Earnings • Aug 11
Second quarter 2021 earnings released: EPS CA$0.02 (vs CA$0.10 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CA$167.6m (up 3.4% from 2Q 2020). Net income: CA$1.06m (down 83% from 2Q 2020). Profit margin: 0.6% (down from 3.8% in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Jun 08
Upcoming dividend of CA$0.10 per share Eligible shareholders must have bought the stock before 15 June 2021. Payment date: 30 June 2021. Trailing yield: 3.9%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (1.5%). Reported Earnings • May 08
First quarter 2021 earnings released: EPS CA$0.06 (vs CA$0.34 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: CA$176.3m (down 26% from 1Q 2020). Net income: CA$3.26m (down 84% from 1Q 2020). Profit margin: 1.9% (down from 8.4% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Executive Departure • Mar 18
Independent Director has left the company On the 5th of March, William Davis' tenure in the role of Independent Director ended. As of December 2020, William personally held only 4.20k shares (€23k worth at the time). William is the only executive to leave the company over the last 12 months. Is New 90 Day High Low • Mar 13
New 90-day high: €7.55 The company is up 23% from its price of €6.15 on 11 December 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Aerospace & Defense industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.90 per share. Reported Earnings • Mar 12
Full year 2020 earnings released: EPS CA$0.057 (vs CA$1.16 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CA$744.4m (down 27% from FY 2019). Net income: CA$3.31m (down 95% from FY 2019). Profit margin: 0.4% (down from 6.6% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Mar 12
Revenue beats expectations Revenue exceeded analyst estimates by 2.1%. Over the next year, revenue is forecast to grow 8.8%, compared to a 3.7% growth forecast for the Aerospace & Defense industry in Germany. Upcoming Dividend • Dec 09
Upcoming Dividend of CA$0.10 Per Share Will be paid on the 31st of December to those who are registered shareholders by the 16th of December. The trailing yield of 4.1% is in the top quartile of German dividend payers (3.6%), and it is higher than industry peers (3.4%). Is New 90 Day High Low • Dec 07
New 90-day high: €6.75 The company is up 45% from its price of €4.66 on 08 September 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Aerospace & Defense industry, which is up 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €9.82 per share. Valuation Update With 7 Day Price Move • Nov 24
Market bids up stock over the past week After last week's 20% share price gain to CA$6.00, the stock is trading at a trailing P/E ratio of 15x, up from the previous P/E ratio of 12.5x. This compares to an average P/E of 23x in the Aerospace & Defense industry in Europe. Total return to shareholders over the past three years is a loss of 52%. Valuation Update With 7 Day Price Move • Nov 20
Market bids up stock over the past week After last week's 17% share price gain to CA$5.55, the stock is trading at a trailing P/E ratio of 14.1x, up from the previous P/E ratio of 12.1x. This compares to an average P/E of 23x in the Aerospace & Defense industry in Europe. Total return to shareholders over the past three years is a loss of 56%. Is New 90 Day High Low • Nov 16
New 90-day high: €5.05 The company is up 6.0% from its price of €4.78 on 18 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Aerospace & Defense industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.43 per share. Analyst Estimate Surprise Post Earnings • Nov 11
Revenue misses expectations Revenue missed analyst estimates by 4.9%. Over the next year, revenue is expected to shrink by 8.2% compared to a 8.6% decline forecast for the Aerospace & Defense industry in Germany. Is New 90 Day High Low • Oct 31
New 90-day low: €4.04 The company is down 5.0% from its price of €4.26 on 31 July 2020. The German market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Aerospace & Defense industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €18.29 per share. 
