Breakeven Date Change • May 20
Forecast breakeven date moved forward to 2026 The 3 analysts covering Singulus Technologies previously expected the company to break even in 2027. New consensus forecast suggests the company will make a profit of €550.0k in 2026. Earnings growth of 104% is required to achieve expected profit on schedule. Duyuru • Apr 11
Singulus Technologies AG, Annual General Meeting, May 21, 2025 Singulus Technologies AG, Annual General Meeting, May 21, 2025, at 10:00 W. Europe Standard Time. Price Target Changed • Dec 30
Price target decreased by 52% to €3.87 Down from €8.05, the current price target is an average from 3 analysts. New target price is 242% above last closing price of €1.13. Stock is down 31% over the past year. The company posted a net loss per share of €1.10 last year. Reported Earnings • Aug 30
Second quarter 2024 earnings released: €0.02 loss per share (vs €0.03 loss in 2Q 2023) Second quarter 2024 results: €0.02 loss per share (improved from €0.03 loss in 2Q 2023). Revenue: €20.1m (down 21% from 2Q 2023). Net loss: €200.0k (loss narrowed 33% from 2Q 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Breakeven Date Change • Aug 29
Forecast breakeven date pushed back to 2025 The 2 analysts covering Singulus Technologies previously expected the company to break even in 2024. New consensus forecast suggests losses will reduce by 91% to 2024. The company is expected to make a profit of €4.00m in 2025. Average annual earnings growth of 101% is required to achieve expected profit on schedule. New Risk • Apr 16
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -€28m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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 (-€28m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Negative equity (-€45m). Minor Risk Market cap is less than US$100m (€14.1m market cap, or US$14.9m). Reported Earnings • Apr 09
Full year 2023 earnings released: €1.10 loss per share (vs €0.011 loss in FY 2022) Full year 2023 results: €1.10 loss per share (further deteriorated from €0.011 loss in FY 2022). Revenue: €72.5m (down 17% from FY 2022). Net loss: €9.80m (loss widened €9.70m from FY 2022). Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 3.9% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. Duyuru • Dec 14
Singulus Technologies Aktiengesellschaft Appoints Denan Chu to its Supervisory Board Singulus Technologies Aktiengesellschaft at its Annual General Meeting held on December 14, 2023, announced Mr. Denan Chu has made himself available as a candidate for the Supervisory Board and was elected by the Annual General Meeting. New Risk • Nov 20
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -€29m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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 (-€29m free cash flow). Negative equity (-€33m). Earnings have declined by 3.9% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.9% average weekly change). Market cap is less than US$100m (€15.6m market cap, or US$17.1m). New Risk • Nov 06
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: €2.8m Forecast net loss in 1 year: €466k This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Negative equity (-€33m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-€29m). Currently unprofitable and not forecast to become profitable next year (€466k net loss next year). Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (€15.7m market cap, or US$16.8m). Breakeven Date Change • Nov 04
Forecast breakeven date pushed back to 2024 The 2 analysts covering Singulus Technologies previously expected the company to break even in 2023. New consensus forecast suggests the company will make a profit of €2.40m in 2024. Average annual earnings growth of 65% is required to achieve expected profit on schedule. Valuation Update With 7 Day Price Move • Oct 09
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €1.72, the stock trades at a trailing P/E ratio of 4.9x. Average forward P/E is 10x in the Machinery industry in Germany. Total loss to shareholders of 46% over the past three years. New Risk • Aug 17
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 21% 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 Negative equity (-€33m). Earnings are forecast to decline by an average of 21% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (€20.6m market cap, or US$22.4m). Duyuru • Aug 11
Singulus Technologies AG to Report Fiscal Year 2022 Final Results on Oct 31, 2023 Singulus Technologies AG announced that they will report fiscal year 2022 final results on Oct 31, 2023 Duyuru • Jul 07
Singulus Technologies AG Provides Earnings Guidance for the Year 2023 Singulus Technologies AG provided earnings guidance for the year 2023. For the period, the company revenues are expected to be within a range of EUR 90 million to EUR 100 million instead of between EUR 140 million to EUR 150 million as previously. The company is reducing its expectation for operating earnings before interest and taxes (EBIT) from a low double-digit to a low single-digit million EUR amount as previously. Duyuru • Jun 05
Singulus Technologies Aktiengesellschaft Introduces New Coating Machine for Edge Passivation With the GENERIS PET vacuum coating system, SINGULUS TECHNOLOGIES offers a new process machine for the passivation of the cut edges of solar cells. It was developed to improve the efficiency in the processing of half-cell, multi-cell, and shingle cells. Edge passivation aims to improve efficiency by minimizing unwanted effects at the cut edges. Compared to unpassivated cut cells, the GENERIS PET coating system enables an efficiency increase of up to 1%. As an inline solution, which depending on the configuration can achieve, for example, a half-cell throughput of several GW per year, the system is suitable for various cell and cut formats and can be integrated into existing cell and module lines. Half-cell and shingle technologies are becoming increasingly popular because they result in higher efficiency modules. By cutting the cells into smaller units, the electrical resistance of the metallization decreases, resulting in improved conductivity and higher efficiencies. The application of Passivated Edge Technology (PET) can significantly increase efficiency even in half-cell modules. The effect is more pronounced with shingle cells. With shingle matrix technology, it is possible to break new ground for future-oriented modules. The constellation of cells in a matrix leads to a new benchmark for maximum efficiency and to unprecedented possibilities in module design due to the improved shading tolerance. SINGULUS TECHNologIES cooperates with the Freiburg-based company M10 Solar Equipment GmbH (M10SE) in the optimization of the shingle cell modules. Valuation Update With 7 Day Price Move • May 31
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €2.63, the stock trades at a trailing P/E ratio of 6.7x. Average forward P/E is 12x in the Machinery industry in Germany. Total loss to shareholders of 34% over the past three years. Price Target Changed • Dec 22
Price target decreased to €8.05 Down from €8.70, the current price target is provided by 1 analyst. New target price is 347% above last closing price of €1.80. Stock is down 53% over the past year. The company is forecast to post a net loss per share of €3.70 next year compared to a net loss per share of €1.27 last year. Duyuru • Oct 29
Singulus Technologies AG to Report Fiscal Year 2022 Results on Jan 31, 2023 Singulus Technologies AG announced that they will report fiscal year 2022 results on Jan 31, 2023 Price Target Changed • Oct 12
Price target decreased to €8.20 Down from €9.17, the current price target is an average from 3 analysts. New target price is 115% above last closing price of €3.81. Stock is up 21% over the past year. Price Target Changed • Aug 16
Price target decreased to €8.50 Down from €9.45, the current price target is an average from 3 analysts. New target price is 98% above last closing price of €4.30. Stock is up 13% over the past year. Is New 90 Day High Low • Feb 02
New 90-day high: €5.62 The company is up 78% from its price of €3.16 on 03 November 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 14% over the same period. Is New 90 Day High Low • Jan 16
New 90-day high: €4.70 The company is up 35% from its price of €3.47 on 16 October 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 14% over the same period. Is New 90 Day High Low • Dec 30
New 90-day high: €4.23 The company is up 34% from its price of €3.16 on 01 October 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share. Is New 90 Day High Low • Nov 24
New 90-day high: €4.20 The company is up 12% from its price of €3.76 on 26 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share. Reported Earnings • Nov 17
Third quarter 2020 earnings released: €0.72 loss per share The company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: €5.70m (down 66% from 3Q 2019). Net loss: €6.40m (loss widened 237% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 80% per year but the company’s share price has only fallen by 31% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 30
New 90-day low: €2.91 The company is down 30% from its price of €4.15 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 Machinery 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 €19.22 per share. Price Target Changed • Oct 29
Price target lowered to €9.48 Down from €10.33, the current price target is an average from 2 analysts. The new target price is 204% above the current share price of €3.12. As of last close, the stock is down 23% over the past year.