Price Target Changed • May 20
Price target decreased by 27% to €17.40 Down from €23.80, the current price target is an average from 5 analysts. New target price is 68% above last closing price of €10.35. Stock is down 45% over the past year. The company is forecast to post a net loss per share of €1.74 next year compared to a net loss per share of €5.32 last year. Duyuru • Jan 08
Bertrandt Aktiengesellschaft, Annual General Meeting, Feb 18, 2026 Bertrandt Aktiengesellschaft, Annual General Meeting, Feb 18, 2026, at 10:30 W. Europe Standard Time. Duyuru • Jan 08
Bertrandt Aktiengesellschaft, Annual General Meeting, Feb 19, 2025 Bertrandt Aktiengesellschaft, Annual General Meeting, Feb 19, 2025, at 10:30 W. Europe Standard Time. Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €18.10, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 15x in the Professional Services industry in Europe. Total loss to shareholders of 68% over the past three years. Price Target Changed • Oct 29
Price target decreased by 7.4% to €34.25 Down from €37.00, the current price target is an average from 4 analysts. New target price is 64% above last closing price of €20.90. Stock is down 54% over the past year. The company is forecast to post a net loss per share of €2.60 compared to earnings per share of €3.01 last year. Reported Earnings • Aug 06
Third quarter 2024 earnings released: €0.69 loss per share (vs €0.47 profit in 3Q 2023) Third quarter 2024 results: €0.69 loss per share (down from €0.47 profit in 3Q 2023). Revenue: €294.7m (up 3.4% from 3Q 2023). Net loss: €6.95m (down 248% from profit in 3Q 2023). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Price Target Changed • Jun 25
Price target decreased by 19% to €53.75 Down from €66.25, the current price target is an average from 4 analysts. New target price is 70% above last closing price of €31.60. Stock is down 34% over the past year. The company is forecast to post earnings per share of €3.77 for next year compared to €3.01 last year. Reported Earnings • May 16
Second quarter 2024 earnings released: EPS: €0.42 (vs €0.76 in 2Q 2023) Second quarter 2024 results: EPS: €0.42 (down from €0.76 in 2Q 2023). Revenue: €318.5m (up 8.8% from 2Q 2023). Net income: €4.30m (down 44% from 2Q 2023). Profit margin: 1.3% (down from 2.6% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. New Risk • Feb 18
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 12% 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 (12% operating cash flow to total debt). Minor Risk Dividend is not well covered by cash flows (101% cash payout ratio). Reported Earnings • Feb 16
First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2024 results: EPS: €0.78 (up from €0.62 in 1Q 2023). Revenue: €308.4m (up 10.0% from 1Q 2023). Net income: €7.92m (up 27% from 1Q 2023). Profit margin: 2.6% (up from 2.2% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) missed analyst estimates by 7.1%. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Feb 15
Upcoming dividend of €1.20 per share at 2.4% yield Eligible shareholders must have bought the stock before 22 February 2024. Payment date: 26 February 2024. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (5.1%). In line with average of industry peers (2.4%). Reported Earnings • Dec 15
Full year 2023 earnings released: EPS: €3.01 (vs €2.09 in FY 2022) Full year 2023 results: EPS: €3.01 (up from €2.09 in FY 2022). Revenue: €1.16b (up 15% from FY 2022). Net income: €30.4m (up 44% from FY 2022). Profit margin: 2.6% (up from 2.1% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 09
Third quarter 2023 earnings released: EPS: €0.47 (vs €0.12 in 3Q 2022) Third quarter 2023 results: EPS: €0.47 (up from €0.12 in 3Q 2022). Revenue: €285.1m (up 13% from 3Q 2022). Net income: €4.71m (up 295% from 3Q 2022). Profit margin: 1.7% (up from 0.5% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 14
Second quarter 2023 earnings released: EPS: €0.76 (vs €0.63 in 2Q 2022) Second quarter 2023 results: EPS: €0.76 (up from €0.63 in 2Q 2022). Revenue: €292.7m (up 15% from 2Q 2022). Net income: €7.72m (up 22% from 2Q 2022). Profit margin: 2.6% (in line with 2Q 2022). Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Price Target Changed • Mar 24
Price target increased by 13% to €65.50 Up from €58.00, the current price target is an average from 4 analysts. New target price is 37% above last closing price of €47.70. Stock is up 9.3% over the past year. The company is forecast to post earnings per share of €3.76 for next year compared to €2.09 last year. Reported Earnings • Feb 18
First quarter 2023 earnings released: EPS: €0.62 (vs €0.45 in 1Q 2022) First quarter 2023 results: EPS: €0.62 (up from €0.45 in 1Q 2022). Revenue: €280.5m (up 20% from 1Q 2022). Net income: €6.24m (up 39% from 1Q 2022). Profit margin: 2.2% (up from 1.9% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Upcoming Dividend • Feb 16
Upcoming dividend of €0.85 per share at 1.7% yield Eligible shareholders must have bought the stock before 23 February 2023. Payment date: 27 February 2023. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (2.6%). Reported Earnings • Dec 16
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: €2.09 (up from €0.68 in FY 2021). Revenue: €1.01b (up 19% from FY 2021). Net income: €21.1m (up 206% from FY 2021). Profit margin: 2.1% (up from 0.8% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.6%. Revenue is forecast to grow 7.0% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Professional Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Price Target Changed • Nov 25
Price target decreased to €57.75 Down from €64.75, the current price target is an average from 4 analysts. New target price is 67% above last closing price of €34.50. Stock is down 38% over the past year. The company is forecast to post earnings per share of €2.41 for next year compared to €0.68 last year. Reported Earnings • Aug 10
Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2022 results: EPS: €0.12 (up from €0.013 in 3Q 2021). Net income: €1.19m (up €1.06m from 3Q 2021). Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 25%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Reported Earnings • May 23
Second quarter 2022 earnings: EPS and revenues exceed analyst expectations Second quarter 2022 results: EPS: €0.63 (up from €0.25 in 2Q 2021). Revenue: €254.1m (up 18% from 2Q 2021). Net income: €6.35m (up 147% from 2Q 2021). Profit margin: 2.5% (up from 1.2% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 1.9%. Over the next year, revenue is forecast to grow 10%, compared to a 9.6% 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 65 percentage points per year, which is a significant difference in performance. Duyuru • May 21
Bertrandt Aktiengesellschaft to Report Q1, 2023 Results on Feb 22, 2023 Bertrandt Aktiengesellschaft announced that they will report Q1, 2023 results on Feb 22, 2023 Price Target Changed • Apr 27
Price target increased to €70.00 Up from €65.25, the current price target is an average from 4 analysts. New target price is 55% above last closing price of €45.15. Stock is down 2.0% over the past year. The company is forecast to post earnings per share of €3.04 for next year compared to €0.68 last year. Reported Earnings • Feb 24
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: EPS: €0.45 (up from €0.08 in 1Q 2021). Revenue: €233.2m (up 16% from 1Q 2021). Net income: €4.49m (up 459% from 1Q 2021). Profit margin: 1.9% (up from 0.4% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 2.2%. Over the next year, revenue is forecast to grow 13%, compared to a 9.3% 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 73 percentage points per year, which is a significant difference in performance. Price Target Changed • Feb 22
Price target increased to €70.00 Up from €64.25, the current price target is an average from 4 analysts. New target price is 33% above last closing price of €52.60. Stock is up 14% over the past year. The company is forecast to post earnings per share of €3.23 for next year compared to €0.68 last year. Upcoming Dividend • Feb 17
Upcoming dividend of €0.27 per share Eligible shareholders must have bought the stock before 24 February 2022. Payment date: 28 February 2022. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of German dividend payers (3.4%). Lower than average of industry peers (2.0%). Price Target Changed • Jan 31
Price target increased to €65.25 Up from €60.50, the current price target is an average from 4 analysts. New target price is 33% above last closing price of €49.20. Stock is up 6.6% over the past year. The company is forecast to post earnings per share of €3.29 for next year compared to €0.68 last year. Price Target Changed • Dec 20
Price target increased to €64.25 Up from €58.25, the current price target is an average from 4 analysts. New target price is 16% above last closing price of €55.20. Stock is up 38% over the past year. The company is forecast to post earnings per share of €1.10 for next year compared to €0.37 last year. Reported Earnings • Aug 11
Third quarter 2021 earnings released: EPS €0.013 (vs €0.28 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €214.2m (up 4.3% from 3Q 2020). Net income: €134.0k (up €2.97m from 3Q 2020). Profit margin: 0.1% (up from net loss in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Reported Earnings • May 22
Second quarter 2021 earnings released: EPS €0.25 (vs €0.32 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €215.1m (down 12% from 2Q 2020). Net income: €2.57m (down 21% from 2Q 2020). Profit margin: 1.2% (down from 1.3% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 25
First quarter 2021 earnings released: EPS €0.08 (vs €0.86 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: €201.7m (down 23% from 1Q 2020). Net income: €803.0k (down 91% from 1Q 2020). Profit margin: 0.4% (down from 3.3% in 1Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 44% 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. Analyst Estimate Surprise Post Earnings • Feb 25
Revenue and earnings miss expectations Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) also missed analyst estimates by 50%. Over the next year, revenue is forecast to grow 14%, compared to a 6.1% growth forecast for the Professional Services industry in Germany. Upcoming Dividend • Feb 22
Upcoming Dividend of €0.15 Per Share Will be paid on the 3rd of March to those who are registered shareholders by the 1st of March. The trailing yield of 0.3% is below the top quartile of German dividend payers (3.4%), and is lower than industry peers (2.2%). Is New 90 Day High Low • Feb 02
New 90-day high: €46.15 The company is up 54% from its price of €30.05 on 04 November 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services 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 €51.89 per share. Is New 90 Day High Low • Jan 06
New 90-day high: €40.85 The company is up 15% from its price of €35.60 on 08 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services 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 €46.18 per share. Reported Earnings • Dec 18
Full year 2020 earnings released: EPS €0.37 The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €916.6m (down 14% from FY 2019). Net income: €3.74m (down 90% from FY 2019). Profit margin: 0.4% (down from 3.7% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year whereas the company’s share price has fallen by 27% per year. Analyst Estimate Surprise Post Earnings • Dec 18
Revenue and earnings miss expectations Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 25%. Over the next year, revenue is forecast to grow 7.3%, compared to a 3.3% growth forecast for the Professional Services industry in Germany. Price Target Changed • Dec 12
Price target raised to €41.38 Up from €35.25, the current price target is an average from 4 analysts. The new target price is 7.9% above the current share price of €38.35. As of last close, the stock is down 31% over the past year. Is New 90 Day High Low • Nov 24
New 90-day high: €37.00 The company is up 11% from its price of €33.40 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 Professional Services industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €22.18 per share. Price Target Changed • Nov 04
Price target lowered to €35.63 Down from €38.80, the current price target is an average from 4 analysts. The new target price is 19% above the current share price of €30.05. As of last close, the stock is down 39% over the past year. Is New 90 Day High Low • Oct 29
New 90-day low: €29.90 The company is down 2.0% from its price of €30.55 on 30 July 2020. The German market is down 5.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Professional Services industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €25.78 per share. Is New 90 Day High Low • Oct 08
New 90-day high: €35.60 The company is up 8.0% from its price of €32.85 on 10 July 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €26.47 per share. Is New 90 Day High Low • Sep 19
New 90-day low: €30.30 The company is down 15% from its price of €35.65 on 19 June 2020. The German market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Professional Services 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 €19.36 per share.