Declared Dividend • May 20
Dividend increased to €2.25 Dividend of €2.25 is 13% higher than last year. Ex-date: 24th June 2026 Payment date: 26th June 2026 Dividend yield will be 2.2%, which is lower than the industry average of 3.1%. 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 increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 95% over the next 3 years. Since a fall of 59% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk. Duyuru • May 13
Deutsche Rohstoff AG, Annual General Meeting, Jun 23, 2026 Deutsche Rohstoff AG, Annual General Meeting, Jun 23, 2026, at 10:00 W. Europe Standard Time. Duyuru • Mar 14
Deutsche Rohstoff AG Announces Acceleration of the 2026 Drilling Program Deutsche Rohstoff AG was active in Wyoming with two drilling rigs through its US subsidiary 1876 Resources. While one drilling rig has been drilling four wells in the eastern part of the area since the end of February and will finish drilling at the end of March, a second drilling rig will initially drill three wells in the western area next week. Two of these will be in the Niobrara Formation and one in the Mowry Formation. A further three wells are already firmly planned, meaning that around middle of the year, ten gross wells with a net share of around 75% will be able to start production. If oil prices remain well above last year’s price level of around USD 65, 1876 Resources could drill well over 20 wells this year. Both drilling rigs could be kept active until the Fourth Quarter or beyond. The Group’s hedge book was significantly less extensive at the end of February than in previous years, meaning that with ten wells developed by 1876, the Group’s hedging ratio for 2026 is currently below 30%. If more than 20 wells are drilled, the hedging ratio would be around 20%. This means that the majority of production can currently be sold or hedged at higher prices. An expansion of hedging is being reviewed on an ongoing basis. Salt Creek Oil & Gas’ non-operating joint venture continues to develop positively, and production from the nine Niobrara wells, in which Salt Creek will invest approximately USD 40 million, is scheduled to commence in the middle of the year. Further details of the drilling program and a possible adjustment to the guidance for 2026 will depend on developments after the first ten wells and will be communicated as soon as a decision can be made on the ultimate nature and scope of the development program. Duyuru • Mar 12
Deutsche Rohstoff AG to Report Fiscal Year 2025 Results on Apr 23, 2026 Deutsche Rohstoff AG announced that they will report fiscal year 2025 results at 9:00 AM, Central European Standard Time on Apr 23, 2026 Price Target Changed • Dec 30
Price target decreased by 8.4% to €62.50 Down from €68.25, the current price target is an average from 2 analysts. New target price is 28% above last closing price of €49.00. Stock is up 54% over the past year. The company posted earnings per share of €10.26 last year. Duyuru • Aug 19
Deutsche Rohstoff AG to Report First Half, 2025 Results on Aug 19, 2025 Deutsche Rohstoff AG announced that they will report first half, 2025 results on Aug 19, 2025 Duyuru • May 08
Deutsche Rohstoff AG, Annual General Meeting, Jun 17, 2025 Deutsche Rohstoff AG, Annual General Meeting, Jun 17, 2025, at 10:00 W. Europe Standard Time. Duyuru • Mar 07
Deutsche Rohstoff AG to Report Fiscal Year 2024 Results on Apr 24, 2025 Deutsche Rohstoff AG announced that they will report fiscal year 2024 results at 9:00 AM, Central European Standard Time on Apr 24, 2025 Price Target Changed • Nov 05
Price target decreased by 7.8% to €49.20 Down from €53.35, the current price target is an average from 2 analysts. New target price is 49% above last closing price of €33.10. Stock is up 3.8% over the past year. The company is forecast to post earnings per share of €9.44 for next year compared to €13.02 last year. Reported Earnings • Nov 05
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: €62.0m (up 8.0% from 3Q 2023). Net income: €11.5m (down 46% from 3Q 2023). Profit margin: 19% (down from 37% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is expected to fall by 4.0% p.a. on average during the next 3 years compared to a 1.2% decline forecast for the Oil and Gas industry in Europe. Reported Earnings • Aug 16
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: €59.1m (up 82% from 2Q 2023). Net income: €9.80m (up 38% from 2Q 2023). Profit margin: 17% (down from 22% in 2Q 2023). Revenue is expected to decline by 5.7% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 37%. Upcoming Dividend • Jun 12
Upcoming dividend of €1.75 per share Eligible shareholders must have bought the stock before 19 June 2024. Payment date: 21 June 2024. Payout ratio is a comfortable 13% but the company is not cash flow positive. Trailing yield: 4.6%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (3.4%). Duyuru • May 09
Deutsche Rohstoff AG, Annual General Meeting, Jun 18, 2024 Deutsche Rohstoff AG, Annual General Meeting, Jun 18, 2024, at 10:00 W. Europe Standard Time. Declared Dividend • Apr 26
Dividend increased to €1.75 Dividend of €1.75 is 35% higher than last year. Ex-date: 19th June 2024 Payment date: 21st June 2024 Dividend yield will be 4.1%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (12% 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 increased by an average of 11% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to remain steady over the next 2 years, which should provide adequate earnings cover for the dividend. Reported Earnings • Apr 25
Full year 2023 earnings: Revenues exceed analyst expectations Full year 2023 results: Revenue: €217.2m (up 31% from FY 2022). Net income: €65.2m (up 7.3% from FY 2022). Profit margin: 30% (down from 37% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.3%. Revenue is expected to decline by 1.5% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 1.3%. Duyuru • Apr 24
Deutsche Rohstoff AG (XTRA:DR0) announces an Equity Buyback for €4 million worth of its shares. Deutsche Rohstoff AG (XTRA:DR0) announces a share repurchase program. Under the program, the company will repurchase up to €4 million worth of its shares. The repurchased shares are to be redeemed. The program is valid till May 2, 2025. Price Target Changed • Apr 17
Price target increased by 8.9% to €51.57 Up from €47.33, the current price target is an average from 3 analysts. New target price is 31% above last closing price of €39.50. Stock is up 38% over the past year. The company is forecast to post earnings per share of €11.62 for next year compared to €12.15 last year. Duyuru • Mar 07
Deutsche Rohstoff AG to Report Fiscal Year 2023 Results on Apr 23, 2024 Deutsche Rohstoff AG announced that they will report fiscal year 2023 results on Apr 23, 2024 New Risk • Nov 16
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 4.9% 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 Earnings are forecast to decline by an average of 4.9% per year for the foreseeable future. High level of non-cash earnings (31% accrual ratio). Minor Risks High level of debt (55% net debt to equity). Paying a dividend despite having no free cash flows. New Risk • Nov 07
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 31% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (31% accrual ratio). Minor Risks High level of debt (55% net debt to equity). Paying a dividend despite having no free cash flows. Reported Earnings • Nov 07
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: €64.8m (up 41% from 3Q 2022). Net income: €21.2m (up 18% from 3Q 2022). Profit margin: 33% (down from 39% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 2.5% growth forecast for the Oil and Gas industry in Germany. Duyuru • Nov 03
Deutsche Rohstoff Ag Provides Production and Earnings Guidance for the Year 2023 and 2024 Deutsche Rohstoff AG provided production and earnings guidance for the year 2023 and 2024. For the year 2023. the company expects production of 12,000 to 12,500 BOEPD. sales of EUR 188 to 198 million.For year 2024, sales of EUR 190 to 210 million. Duyuru • Oct 26
Deutsche Rohstoff AG Provides Earnings Guidance for the Year 2023 and 2024 Deutsche Rohstoff AG provided earnings guidance for the year 2023 and 2024. For the year 2023, the company raised base-case revenue by 20.6%.For the year 2024, the company raised base-case revenue by 11.1%. Price Target Changed • Oct 05
Price target increased by 7.2% to €46.83 Up from €43.70, the current price target is an average from 3 analysts. New target price is 58% above last closing price of €29.70. Stock is up 26% over the past year. The company is forecast to post earnings per share of €12.44 for next year compared to €12.15 last year. Price Target Changed • Sep 29
Price target increased by 7.4% to €45.50 Up from €42.37, the current price target is an average from 3 analysts. New target price is 48% above last closing price of €30.70. Stock is up 50% over the past year. The company is forecast to post earnings per share of €10.04 for next year compared to €12.15 last year. Duyuru • Aug 26
Deutsche Rohstoff AG Reaffirms Earnings Guidance for the Fiscal Years 2023 and 2024 Deutsche Rohstoff AG reaffirmed earnings guidance for the fiscal years 2023 and 2024. The management has maintained fiscal year 2023 guidance given with the annual report in April for sales of EUR 150 million to EUR170 million.The company’s 2024 sales guidance of EUR 170 million to EUR190 million is also unchanged. Upcoming Dividend • Jun 23
Upcoming dividend of €1.30 per share at 4.6% yield Eligible shareholders must have bought the stock before 30 June 2023. Payment date: 04 July 2023. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 4.6%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.3%). Price Target Changed • Jun 01
Price target increased by 15% to €43.55 Up from €38.00, the current price target is provided by 1 analyst. New target price is 64% above last closing price of €26.60. Stock is down 8.0% over the past year. The company posted earnings per share of €12.15 last year. Price Target Changed • Mar 24
Price target increased by 12% to €38.00 Up from €34.00, the current price target is provided by 1 analyst. New target price is 48% above last closing price of €25.60. Stock is down 15% over the past year. The company posted earnings per share of €5.00 last year. Price Target Changed • Dec 20
Price target decreased to €34.00 Down from €38.00, the current price target is provided by 1 analyst. New target price is 35% above last closing price of €25.20. Stock is up 28% over the past year. The company posted earnings per share of €5.00 last year. Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment improved over the past week After last week's 15% share price gain to €23.60, the stock trades at a trailing P/E ratio of 3.2x. Average forward P/E is 5x in the Oil and Gas industry in Germany. Total returns to shareholders of 83% over the past three years. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improved over the past week After last week's 19% share price gain to €33.70, the stock trades at a trailing P/E ratio of 6.5x. Average forward P/E is 6x in the Oil and Gas industry in Germany. Total returns to shareholders of 111% over the past three years. Reported Earnings • Apr 28
Full year 2021 earnings released Full year 2021 results: Revenue: €96.3m (up 149% from FY 2020). Net income: €24.8m (up €40.3m from FY 2020). Profit margin: 26% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 24%, compared to a 43% growth forecast for the oil industry in Germany. Price Target Changed • Apr 27
Price target increased to €31.00 Up from €28.00, the current price target is provided by 1 analyst. New target price is 19% above last closing price of €26.00. Stock is up 111% over the past year. The company posted a net loss per share of €3.13 last year. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improved over the past week After last week's 16% share price gain to €24.90, the stock trades at a trailing P/E ratio of 6.4x. Average forward P/E is 8x in the Oil and Gas industry in Germany. Total returns to shareholders of 66% over the past three years. Reported Earnings • Oct 20
Third quarter 2021 earnings released The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €32.2m (up 418% from 3Q 2020). Net income: €3.84m (up €4.65m from 3Q 2020). Profit margin: 12% (up from net loss in 3Q 2020). Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment improved over the past week After last week's 16% share price gain to €25.00, the stock trades at a trailing P/E ratio of 8.7x. Average forward P/E is 8x in the Oil and Gas industry in Germany. Total returns to shareholders of 45% over the past three years. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment improved over the past week After last week's 16% share price gain to €19.70, the stock trades at a trailing P/E ratio of 6.7x. Average forward P/E is 8x in the Oil and Gas industry in Germany. Total returns to shareholders of 3.6% over the past three years. Reported Earnings • Aug 06
Second quarter 2021 earnings released The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €26.0m (up 160% from 2Q 2020). Net income: €5.50m (up €19.6m from 2Q 2020). Profit margin: 21% (up from net loss in 2Q 2020). The move to profitability was primarily driven by higher revenue. Reported Earnings • May 11
First quarter 2021 earnings released The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €27.4m (up 70% from 1Q 2020). Net income: €11.0m (up €10.2m from 1Q 2020). Profit margin: 40% (up from 4.8% in 1Q 2020). Is New 90 Day High Low • Feb 11
New 90-day high: €11.35 The company is up 50% from its price of €7.58 on 12 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 35% over the same period. Is New 90 Day High Low • Jan 14
New 90-day high: €9.46 The company is up 20% from its price of €7.90 on 16 October 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Oil and Gas industry, which is up 37% over the same period. Is New 90 Day High Low • Dec 02
New 90-day high: €9.38 The company is up 6.0% from its price of €8.84 on 03 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Oil and Gas industry, which is up 37% over the same period. Is New 90 Day High Low • Oct 19
New 90-day low: €7.54 The company is down 15% from its price of €8.84 on 21 July 2020. The German market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is up 49% over the same period. Is New 90 Day High Low • Sep 26
New 90-day low: €7.76 The company is down 11% from its price of €8.70 on 26 June 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Oil and Gas industry, which is up 62% over the same period.