Declared Dividend • May 03
Dividend increased to €6.00 Dividend of €6.00 is 50% higher than last year. Ex-date: 25th June 2026 Payment date: 29th June 2026 Dividend yield will be 2.4%, which is higher than the industry average of 1.4%. Sustainability & Growth The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 9.1% to shift the payout ratio to a potentially unsustainable range, which is less than the 31% EPS decline seen over the last 5 years. Duyuru • May 02
Schulte-Schlagbaum AG announces Annual dividend, payable on June 29, 2026 Schulte-Schlagbaum AG announced Annual dividend of EUR 6.0000 per share payable on June 29, 2026, ex-date on June 25, 2026 and record date on June 26, 2026. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €250, the stock trades at a trailing P/E ratio of 51.1x. Average trailing P/E is 30x in the Electronic industry in Germany. Total loss to shareholders of 36% over the past three years. Buy Or Sell Opportunity • Jan 09
Now 96% undervalued The stock has been flat over the last 90 days, currently trading at €2.76. The fair value is estimated to be €75.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €264, the stock trades at a trailing P/E ratio of 54x. Average trailing P/E is 27x in the Electronic industry in Germany. Total loss to shareholders of 37% over the past three years. Upcoming Dividend • Jun 19
Upcoming dividend of €4.00 per share Eligible shareholders must have bought the stock before 26 June 2025. Payment date: 30 June 2025. Payout ratio is on the higher end at 82% but the company is not cash flow positive. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (4.4%). Lower than average of industry peers (2.1%). Reported Earnings • May 21
Full year 2024 earnings released Full year 2024 results: Revenue: €59.8m (up 2.4% from FY 2023). Net income: €271.6k (up €2.61m from FY 2023). Profit margin: 0.5% (up from net loss in FY 2023). The move to profitability was primarily driven by higher revenue. Duyuru • May 19
Schulte-Schlagbaum AG, Annual General Meeting, Jun 25, 2025 Schulte-Schlagbaum AG, Annual General Meeting, Jun 25, 2025, at 10:00 W. Europe Standard Time. New Risk • May 18
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended December 2023. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported December 2023 fiscal period end). Shares are highly illiquid. Revenue has declined by 9.0% over the past year. Minor Risk Market cap is less than US$100m (€12.2m market cap, or US$13.6m). Duyuru • Apr 30
Schulte-Schlagbaum AG announces Annual dividend, payable on June 30, 2025 Schulte-Schlagbaum AG announced Annual dividend of EUR 4.0000 per share payable on June 30, 2025, ex-date on June 26, 2025 and record date on June 27, 2025. New Risk • Dec 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 15% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Market cap is less than US$100m (€11.4m market cap, or US$12.0m). New Risk • Jul 19
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 15% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€13.9m market cap, or US$15.1m). New Risk • Jun 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 15% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (209% cash payout ratio). Share price has been volatile over the past 3 months (7.3% average weekly change). Market cap is less than US$100m (€16.8m market cap, or US$18.3m). Reported Earnings • May 20
Full year 2023 earnings released Full year 2023 results: Revenue: €60.0m (down 6.6% from FY 2022). Net loss: €2.34m (down 232% from profit in FY 2022). Duyuru • May 18
Schulte-Schlagbaum AG, Annual General Meeting, Jun 26, 2024 Schulte-Schlagbaum AG, Annual General Meeting, Jun 26, 2024, at 10:00 W. Europe Standard Time. New Risk • May 12
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended December 2022. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported December 2022 fiscal period end). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€16.8m market cap, or US$18.1m). Valuation Update With 7 Day Price Move • Apr 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €320, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 15x in the Electronic industry in Germany. Total returns to shareholders of 9.2% over the past three years. Valuation Update With 7 Day Price Move • Jan 30
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to €280, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 12x in the Electronic industry in Germany. Total returns to shareholders of 1.9% over the past three years. New Risk • Nov 27
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€18.9m market cap, or US$20.7m). Valuation Update With 7 Day Price Move • Oct 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €324, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 16x in the Electronic industry in Germany. Total returns to shareholders of 32% over the past three years. Upcoming Dividend • Jun 15
Upcoming dividend of €12.00 per share at 3.1% yield Eligible shareholders must have bought the stock before 22 June 2023. Payment date: 26 June 2023. Payout ratio is a comfortable 38% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (4.6%). Higher than average of industry peers (1.1%). Upcoming Dividend • Jun 23
Upcoming dividend of €12.00 per share Eligible shareholders must have bought the stock before 30 June 2022. Payment date: 04 July 2022. Payout ratio is a comfortable 29% but the company is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (4.6%). Higher than average of industry peers (1.2%). Reported Earnings • May 06
Full year 2021 earnings released Full year 2021 results: Revenue: €60.3m (up 18% from FY 2020). Net income: €2.31m (up 35% from FY 2020). Profit margin: 3.8% (up from 3.3% in FY 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improved over the past week After last week's 17% share price gain to €410, the stock trades at a trailing P/E ratio of 13.4x. Average trailing P/E is 28x in the Electronic industry in Germany. Total returns to shareholders of 13% over the past three years. Upcoming Dividend • Jun 17
Upcoming dividend of €9.00 per share Eligible shareholders must have bought the stock before 24 June 2021. Payment date: 28 June 2021. Trailing yield: 2.5%. Lower than top quartile of German dividend payers (3.2%). Higher than average of industry peers (0.7%). Reported Earnings • May 14
Full year 2020 earnings released The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: €53.1m (down 1.8% from FY 2019). Net income: €1.70m (up 1.2% from FY 2019). Profit margin: 3.2% (up from 3.1% in FY 2019). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • May 12
Investor sentiment improved over the past week After last week's 15% share price gain to €364, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 29x in the Electronic industry in Germany. Negligible returns to shareholders over past three years. Is New 90 Day High Low • Feb 25
New 90-day high: €324 The company is up 8.0% from its price of €300 on 26 November 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electronic industry, which is up 9.0% over the same period. Valuation Update With 7 Day Price Move • Oct 30
Market bids up stock over the past week After last week's 18% share price gain to €320, the stock is trading at a trailing P/E ratio of 10.5x, up from the previous P/E ratio of 9x. This compares to an average P/E of 33x in the Electronic industry in Germany. Total return to shareholders over the past three years is a loss of 4.5%.