Duyuru • Oct 31
RAS Beteiligungs GmbH proposed to acquire remaining 4.03% stake in home24 SE (HMSE:H24) for €10.08 million. RAS Beteiligungs GmbH proposed to acquire remaining 4.03% stake in home24 SE (HMSE:H24) for €10.08 million on October 29, 2024. A cash consideration will be paid by RAS Beteiligungs GmbH. As part of consideration, an undisclosed value is paid towards common equity of home24 SE. Upon completion, RAS Beteiligungs GmbH will own 100% stake in home24 SE. The transaction is subject to approval of home24 shareholders. Duyuru • May 14
home24 SE, Annual General Meeting, Jun 21, 2024 home24 SE, Annual General Meeting, Jun 21, 2024, at 10:00 W. Europe Standard Time. Duyuru • Aug 01
XXXLutz Kicks Off Delisting Offer for Home24 Austrian group XXXLutz has launched an offer of EUR 7.50 (USD 8.26) per share in cash to delist home24 SE (XTRA:H24), according to a statement published on July 28, 2023. XXXLutz and the three entities related to it, RAS Beteiligungs GmbH, LSW GmbH and SGW-Immo-GmbH, have already secured a total stake of about 94.96% in Home24. The delisting offer will run until September 8, 2023. After making it private, XXXLutz will continue to support Home24 in seizing growth opportunities, the investor said. According to the statement, Home24's management board backs the delisting offer. XXXLutz closed in April a takeoveroffer for Home24, valuing the furniture retailer at about EUR 229 million. The per-share price of EUR 7.50 corresponds to a premium of 124% on Home24 on October 4, 2022, the day before XXXLutz first announced its intention to acquire Home24. Duyuru • Jun 21
home24 SE to Report First Half, 2023 Results on Sep 07, 2023 home24 SE announced that they will report first half, 2023 results on Sep 07, 2023 Buying Opportunity • Apr 08
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be €7.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 5.2% per annum. Earnings is also forecast to grow by 33% per annum over the same time period. Reported Earnings • Apr 02
Full year 2022 earnings released: €1.31 loss per share (vs €1.05 loss in FY 2021) Full year 2022 results: €1.31 loss per share (further deteriorated from €1.05 loss in FY 2021). Revenue: €601.0m (down 2.4% from FY 2021). Net loss: €40.4m (loss widened 32% from FY 2021). Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Mar 30
Price target increased by 8.3% to €7.50 Up from €6.93, the current price target is an average from 3 analysts. New target price is 27% above last closing price of €5.91. Stock is down 17% over the past year. The company is forecast to post a net loss per share of €1.01 next year compared to a net loss per share of €1.05 last year. Reported Earnings • Nov 18
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: €136.0m (down 1.9% from 3Q 2021). Net loss: €12.2m (loss widened 16% from 3Q 2021). Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Online Retail industry in Germany. Price Target Changed • Oct 07
Price target increased to €7.50 Up from €6.93, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of €7.40. The company is forecast to post a net loss per share of €1.08 next year compared to a net loss per share of €1.05 last year. Price Target Changed • Aug 17
Price target decreased to €7.13 Down from €7.80, the current price target is an average from 4 analysts. New target price is 123% above last closing price of €3.20. Stock is down 82% over the past year. The company is forecast to post a net loss per share of €0.95 next year compared to a net loss per share of €1.05 last year. Reported Earnings • May 14
First quarter 2022 earnings: Revenues in line with analyst expectations First quarter 2022 results: Revenue: €140.2m (down 12% from 1Q 2021). Net loss: €12.6m (loss widened 75% from 1Q 2021). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 12%, compared to a 29% growth forecast for the industry in Germany. Breakeven Date Change • May 13
Forecast to breakeven in 2024 The 4 analysts covering home24 expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 9.1% per year to 2023. The company is expected to make a profit of €13.4m in 2024. Average annual earnings growth of 34% is required to achieve expected profit on schedule. Price Target Changed • Apr 27
Price target decreased to €10.95 Down from €12.63, the current price target is an average from 4 analysts. New target price is 96% above last closing price of €5.59. Stock is down 73% over the past year. The company is forecast to post a net loss per share of €0.98 next year compared to a net loss per share of €1.05 last year. Price Target Changed • Apr 20
Price target decreased to €10.95 Down from €13.23, the current price target is an average from 3 analysts. New target price is 78% above last closing price of €6.15. Stock is down 68% over the past year. The company is forecast to post a net loss per share of €0.90 next year compared to a net loss per share of €1.05 last year. Reported Earnings • Apr 06
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: €1.05 loss per share (down from €0.60 loss in FY 2020). Revenue: €615.5m (up 25% from FY 2020). Net loss: €30.7m (loss widened 91% from FY 2020). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 11%. Over the next year, revenue is forecast to grow 12%, compared to a 45% growth forecast for the retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Price Target Changed • Mar 14
Price target decreased to €14.98 Down from €17.83, the current price target is an average from 5 analysts. New target price is 127% above last closing price of €6.60. Stock is down 63% over the past year. The company is forecast to post a net loss per share of €1.03 next year compared to a net loss per share of €0.61 last year. Price Target Changed • Jan 26
Price target decreased to €17.83 Down from €21.33, the current price target is an average from 5 analysts. New target price is 110% above last closing price of €8.51. Stock is down 61% over the past year. The company is forecast to post a net loss per share of €1.01 next year compared to a net loss per share of €0.61 last year. Price Target Changed • Nov 12
Price target decreased to €24.33 Down from €30.00, the current price target is an average from 4 analysts. New target price is 112% above last closing price of €11.50. Stock is down 32% over the past year. The company is forecast to post a net loss per share of €0.96 next year compared to a net loss per share of €0.61 last year. Reported Earnings • Nov 11
Third quarter 2021 earnings released The company reported a soft third quarter result with increased losses and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: €138.6m (up 18% from 3Q 2020). Net loss: €10.5m (loss widened 275% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Price Target Changed • Oct 14
Price target decreased to €28.00 Down from €31.00, the current price target is an average from 3 analysts. New target price is 129% above last closing price of €12.22. Stock is down 27% over the past year. Reported Earnings • Aug 11
Second quarter 2021 earnings released: €0.13 loss per share (vs €0.068 profit in 2Q 2020) The company reported a mediocre second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: €166.1m (up 40% from 2Q 2020). Net loss: €3.80m (down 311% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Executive Departure • Jun 18
Independent Deputy Chairman of Supervisory Board Magnus Agervald has left the company On the 17th of June, Magnus Agervald's tenure as Independent Deputy Chairman of Supervisory Board ended after 3.0 years in the role. We don't have any record of a personal shareholding under Magnus' name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Executive Departure • Jun 18
Member of Supervisory Board Francesco Danesi has left the company On the 17th of June, Francesco Danesi's tenure as Member of Supervisory Board ended after 3.1 years in the role. We don't have any record of a personal shareholding under Francesco's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Reported Earnings • May 13
First quarter 2021 earnings released The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: €159.0m (up 55% from 1Q 2020). Net loss: €7.20m (loss narrowed 31% from 1Q 2020). Reported Earnings • Apr 04
Full year 2020 earnings released: €0.60 loss per share (vs €2.53 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: €491.9m (up 32% from FY 2019). Net loss: €16.1m (loss narrowed 76% from FY 2019). Executive Departure • Apr 02
CTO & Member of Management Board has left the company On the 31st of March, Johannes Schaback's tenure as CTO & Member of Management Board ended after 3.0 years in the role. We don't have any record of a personal shareholding under Johannes' name. Johannes is the only executive to leave the company over the last 12 months. Is New 90 Day High Low • Mar 04
New 90-day low: €16.04 The company is down 14% from its price of €18.65 on 04 December 2020. The German market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Online Retail industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.30 per share. Is New 90 Day High Low • Feb 03
New 90-day high: €23.41 The company is up 33% from its price of €17.65 on 05 November 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.015 per share. Price Target Changed • Feb 02
Price target raised to €28.50 Up from €23.00, the current price target is provided by 1 analyst. The new target price is 30% above the current share price of €21.88. As of last close, the stock is up 359% over the past year. Is New 90 Day High Low • Dec 29
New 90-day high: €20.31 The company is up 48% from its price of €13.71 on 30 September 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €15.04 per share. Is New 90 Day High Low • Nov 27
New 90-day high: €18.67 The company is up 82% from its price of €10.28 on 28 August 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €25.36 per share. Price Target Changed • Nov 26
Price target raised to €22.00 Up from €18.00, the current price target is an average from 2 analysts. The new target price is 25% above the current share price of €17.66. As of last close, the stock is up 242% over the past year. Reported Earnings • Nov 12
Third quarter 2020 earnings released: €0.11 loss per share The company reported a solid third quarter result with reduced losses and improved revenues and control over expenses. Third quarter 2020 results: Revenue: €117.8m (up 39% from 3Q 2019). Net loss: €2.80m (loss narrowed 84% from 3Q 2019). Is New 90 Day High Low • Oct 12
New 90-day high: €14.72 The company is up 116% from its price of €6.80 on 14 July 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €47.57 per share.