Declared Dividend • May 20
Dividend reduced to €1.85 Dividend of €1.85 is 20% lower than last year. Ex-date: 4th June 2026 Payment date: 8th June 2026 Dividend yield will be 5.3%, which is about the same as the industry average. Sustainability & Growth Dividend is not adequately covered by earnings (96% earnings payout ratio). However, it is well covered by cash flows (38% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 7.0% to bring the payout ratio under control. EPS is expected to grow by 62% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Duyuru • Apr 25
Ströer SE & Co. KGaA announces Annual dividend, payable on June 08, 2026 Ströer SE & Co. KGaA announced Annual dividend of EUR 1.8500 per share payable on June 08, 2026, ex-date on June 04, 2026 and record date on June 05, 2026. Duyuru • Apr 25
Ströer SE & Co. KGaA, Annual General Meeting, Jun 04, 2025 Ströer SE & Co. KGaA, Annual General Meeting, Jun 04, 2025, at 10:00 W. Europe Standard Time. Duyuru • Mar 07
Ströer SE & Co. KGaA to Report Fiscal Year 2024 Final Results on Mar 24, 2025 Ströer SE & Co. KGaA announced that they will report fiscal year 2024 final results on Mar 24, 2025 Valuation Update With 7 Day Price Move • Jan 11
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to €55.95, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 12x in the Media industry in Germany. Total loss to shareholders of 7.1% over the past three years. Reported Earnings • Aug 09
Second quarter 2024 earnings released: EPS: €0.59 (vs €0.35 in 2Q 2023) Second quarter 2024 results: EPS: €0.59 (up from €0.35 in 2Q 2023). Revenue: €511.5m (up 13% from 2Q 2023). Net income: €32.9m (up 70% from 2Q 2023). Profit margin: 6.4% (up from 4.3% in 2Q 2023). 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 5.6% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 4% per year. Upcoming Dividend • Jun 05
Upcoming dividend of €1.85 per share Eligible shareholders must have bought the stock before 12 June 2024. Payment date: 14 June 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (5.2%). Price Target Changed • May 16
Price target increased by 8.1% to €70.73 Up from €65.45, the current price target is an average from 11 analysts. New target price is 8.0% above last closing price of €65.50. Stock is up 41% over the past year. The company is forecast to post earnings per share of €2.82 for next year compared to €1.67 last year. Reported Earnings • May 09
First quarter 2024 earnings released First quarter 2024 results: EPS: €0.11. Revenue: €453.4m (up 11% from 1Q 2023). Net income: €6.00m (up €6.69m from 1Q 2023). Profit margin: 1.3% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 2% per year. New Risk • Mar 27
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.8% Last year net profit margin: 8.1% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks High level of debt (180% net debt to equity). Dividend is not well covered by earnings (111% payout ratio). Profit margins are more than 30% lower than last year (4.8% net profit margin). Reported Earnings • Mar 07
Full year 2023 earnings released Full year 2023 results: Revenue: €1.91b (up 8.0% from FY 2022). Net income: €112.4m (down 22% from FY 2022). Profit margin: 5.9% (down from 8.1% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Media industry in Germany. Duyuru • Mar 02
Ströer SE & Co. KGaA, Annual General Meeting, Jun 11, 2024 Ströer SE & Co. KGaA, Annual General Meeting, Jun 11, 2024. Price Target Changed • Jan 16
Price target increased by 7.0% to €64.20 Up from €59.99, the current price target is an average from 11 analysts. New target price is 23% above last closing price of €52.40. Stock is up 3.6% over the past year. The company is forecast to post earnings per share of €2.27 for next year compared to €2.53 last year. Reported Earnings • Nov 10
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: €483.6m (up 11% from 3Q 2022). Net income: €27.2m (down 26% from 3Q 2022). Profit margin: 5.6% (down from 8.5% in 3Q 2022). 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 Media industry in Germany. New Risk • Aug 10
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.3% Last year net profit margin: 9.7% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks High level of debt (344% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (6.3% net profit margin). Reported Earnings • Aug 10
Second quarter 2023 earnings released: EPS: €0.35 (vs €0.66 in 2Q 2022) Second quarter 2023 results: EPS: €0.35 (down from €0.66 in 2Q 2022). Revenue: €454.8m (up 7.0% from 2Q 2022). Net income: €19.4m (down 48% from 2Q 2022). Profit margin: 4.3% (down from 8.8% in 2Q 2022). 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 4.7% growth forecast for the Media industry in Germany. 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 11% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jun 29
Upcoming dividend of €1.85 per share at 4.2% yield Eligible shareholders must have bought the stock before 06 July 2023. Payment date: 10 July 2023. Payout ratio is a comfortable 73% and this is well supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (6.4%). Reported Earnings • May 14
First quarter 2023 earnings released First quarter 2023 results: Revenue: €409.9m (up 6.5% from 1Q 2022). Net loss: €687.0k (down 107% from profit in 1Q 2022). Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Buying Opportunity • Mar 11
Now 21% undervalued Over the last 90 days, the stock is up 22%. The fair value is estimated to be €66.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 13% in 2 years. Earnings is forecast to decline by 0.8% in the next 2 years. Reported Earnings • Mar 09
Full year 2022 earnings released Full year 2022 results: Revenue: €1.77b (up 8.9% from FY 2021). Net income: €151.8m (up 24% from FY 2021). Profit margin: 8.6% (up from 7.5% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Media industry in Germany. Reported Earnings • Aug 12
Second quarter 2022 earnings released: EPS: €0.66 (vs €0.23 in 2Q 2021) Second quarter 2022 results: EPS: €0.66 (up from €0.23 in 2Q 2021). Revenue: €425.0m (up 14% from 2Q 2021). Net income: €37.5m (up 183% from 2Q 2021). Profit margin: 8.8% (up from 3.5% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 7.5%, compared to a 6.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Price Target Changed • Aug 04
Price target decreased to €63.70 Down from €69.88, the current price target is an average from 10 analysts. New target price is 55% above last closing price of €41.00. Stock is down 39% over the past year. The company is forecast to post earnings per share of €2.65 for next year compared to €2.16 last year. Upcoming Dividend • Jun 16
Upcoming dividend of €2.25 per share Eligible shareholders must have bought the stock before 23 June 2022. Payment date: 27 June 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.9%. Within top quartile of German dividend payers (4.5%). Lower than average of industry peers (7.5%). Reported Earnings • May 14
First quarter 2022 earnings: Revenues exceed analyst expectations First quarter 2022 results: Revenue: €385.0m (up 24% from 1Q 2021). Net income: €10.2m (up €23.1m from 1Q 2021). Profit margin: 2.7% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 1.7%. Over the next year, revenue is forecast to grow 11%, compared to a 8.7% growth forecast for the industry in Germany. Reported Earnings • Nov 11
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: €414.3m (up 17% from 3Q 2020). Net income: €37.4m (up 144% from 3Q 2020). Profit margin: 9.0% (up from 4.3% in 3Q 2020). The increase in margin was driven by higher revenue. Upcoming Dividend • Aug 30
Upcoming dividend of €2.00 per share Eligible shareholders must have bought the stock before 06 September 2021. Payment date: 08 September 2021. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (3.8%). Reported Earnings • Aug 21
Second quarter 2021 earnings released: EPS €0.23 (vs €0.85 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €374.0m (up 42% from 2Q 2020). Net income: €13.3m (up €61.6m from 2Q 2020). Profit margin: 3.5% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Reported Earnings • May 12
First quarter 2021 earnings released The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: €311.9m (down 15% from 1Q 2020). Net loss: €12.7m (down 156% from profit in 1Q 2020). Reported Earnings • Apr 04
Full year 2020 earnings released: EPS €0.63 (vs €1.72 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €1.44b (down 9.4% from FY 2019). Net income: €35.4m (down 64% from FY 2019). Profit margin: 2.5% (down from 6.1% 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 30% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 23
New 90-day low: €69.50 The company is down 8.0% from its price of €75.50 on 25 November 2020. The German market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €79.34 per share. Is New 90 Day High Low • Dec 11
New 90-day high: €78.40 The company is up 16% from its price of €67.60 on 11 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 Media industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €93.24 per share. Price Target Changed • Nov 16
Price target raised to €77.57 Up from €72.11, the current price target is an average from 14 analysts. The new target price is close to the current share price of €75.55. As of last close, the stock is up 4.6% over the past year. Is New 90 Day High Low • Nov 12
New 90-day high: €74.00 The company is up 13% from its price of €65.30 on 14 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 Media 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 €79.02 per share. Upcoming Dividend • Oct 29
Upcoming Dividend of €2.00 Per Share Will be paid on the 9th of November to those who are registered shareholders by the 5th of November. The trailing yield of 3.2% is below the top quartile of German dividend payers (3.9%), and is lower than industry peers (4.0%).