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ALLGEIER SE (AEIN.DE) Stock Fundamental Analysis

FRA:AEIN - Deutsche Boerse Ag - DE000A2GS633 - Common Stock - Currency: EUR

20.025  +0.27 (+1.39%)

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to AEIN. AEIN was compared to 74 industry peers in the IT Services industry. While AEIN seems to be doing ok healthwise, there are quite some concerns on its profitability. AEIN has a valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

AEIN had positive earnings in the past year.
AEIN had a positive operating cash flow in the past year.
AEIN had positive earnings in 4 of the past 5 years.
In the past 5 years AEIN always reported a positive cash flow from operatings.
AEIN.DE Yearly Net Income VS EBIT VS OCF VS FCFAEIN.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M 100M

1.2 Ratios

AEIN has a Return On Assets of 1.47%. This is in the lower half of the industry: AEIN underperforms 64.86% of its industry peers.
The Return On Equity of AEIN (4.91%) is worse than 60.81% of its industry peers.
Looking at the Return On Invested Capital, with a value of 5.90%, AEIN is in line with its industry, outperforming 40.54% of the companies in the same industry.
Industry RankSector Rank
ROA 1.47%
ROE 4.91%
ROIC 5.9%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
AEIN.DE Yearly ROA, ROE, ROICAEIN.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 10 15 20 25

1.3 Margins

The Profit Margin of AEIN (1.56%) is worse than 60.81% of its industry peers.
AEIN's Profit Margin has declined in the last couple of years.
AEIN's Operating Margin of 6.53% is in line compared to the rest of the industry. AEIN outperforms 54.05% of its industry peers.
AEIN's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 19.60%, AEIN is doing worse than 75.68% of the companies in the same industry.
AEIN's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 6.53%
PM (TTM) 1.56%
GM 19.6%
OM growth 3Y12.58%
OM growth 5Y10.19%
PM growth 3Y-17.6%
PM growth 5Y-3.29%
GM growth 3Y9.36%
GM growth 5Y2.03%
AEIN.DE Yearly Profit, Operating, Gross MarginsAEIN.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 10 15

4

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so AEIN is destroying value.
There is no outstanding debt for AEIN. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
AEIN.DE Yearly Shares OutstandingAEIN.DE Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2M 4M 6M 8M 10M
AEIN.DE Yearly Total Debt VS Total AssetsAEIN.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M 400M 500M

2.2 Solvency

An Altman-Z score of 2.07 indicates that AEIN is not a great score, but indicates only limited risk for bankruptcy at the moment.
AEIN has a Altman-Z score (2.07) which is in line with its industry peers.
AEIN has a debt to FCF ratio of 5.52. This is a neutral value as AEIN would need 5.52 years to pay back of all of its debts.
AEIN has a Debt to FCF ratio (5.52) which is in line with its industry peers.
A Debt/Equity ratio of 1.19 is on the high side and indicates that AEIN has dependencies on debt financing.
The Debt to Equity ratio of AEIN (1.19) is worse than 71.62% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.19
Debt/FCF 5.52
Altman-Z 2.07
ROIC/WACC0.81
WACC7.24%
AEIN.DE Yearly LT Debt VS Equity VS FCFAEIN.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M 100M 150M 200M

2.3 Liquidity

A Current Ratio of 1.59 indicates that AEIN should not have too much problems paying its short term obligations.
AEIN has a better Current ratio (1.59) than 78.38% of its industry peers.
A Quick Ratio of 1.57 indicates that AEIN should not have too much problems paying its short term obligations.
AEIN's Quick ratio of 1.57 is fine compared to the rest of the industry. AEIN outperforms 79.73% of its industry peers.
Industry RankSector Rank
Current Ratio 1.59
Quick Ratio 1.57
AEIN.DE Yearly Current Assets VS Current LiabilitesAEIN.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M 250M

3

3. Growth

3.1 Past

AEIN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -43.18%.
AEIN shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -14.88% yearly.
Looking at the last year, AEIN shows a decrease in Revenue. The Revenue has decreased by -9.56% in the last year.
Measured over the past years, AEIN shows a very negative growth in Revenue. The Revenue has been decreasing by -10.51% on average per year.
EPS 1Y (TTM)-43.18%
EPS 3Y-14.84%
EPS 5Y-14.88%
EPS Q2Q%-252%
Revenue 1Y (TTM)-9.56%
Revenue growth 3Y3.61%
Revenue growth 5Y-10.51%
Sales Q2Q%-15.24%

3.2 Future

AEIN is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 18.70% yearly.
The Revenue is expected to grow by 3.51% on average over the next years.
EPS Next Y14.39%
EPS Next 2Y18.7%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-6.31%
Revenue Next 2Y0.19%
Revenue Next 3Y3.27%
Revenue Next 5Y3.51%

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
AEIN.DE Yearly Revenue VS EstimatesAEIN.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 200M 400M 600M 800M
AEIN.DE Yearly EPS VS EstimatesAEIN.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2 2.5

4

4. Valuation

4.1 Price/Earnings Ratio

AEIN is valuated quite expensively with a Price/Earnings ratio of 34.53.
AEIN's Price/Earnings ratio is a bit more expensive when compared to the industry. AEIN is more expensive than 60.81% of the companies in the same industry.
When comparing the Price/Earnings ratio of AEIN to the average of the S&P500 Index (27.54), we can say AEIN is valued slightly more expensively.
A Price/Forward Earnings ratio of 13.02 indicates a correct valuation of AEIN.
Based on the Price/Forward Earnings ratio, AEIN is valued a bit cheaper than 70.27% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 36.44, AEIN is valued rather cheaply.
Industry RankSector Rank
PE 34.53
Fwd PE 13.02
AEIN.DE Price Earnings VS Forward Price EarningsAEIN.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

68.92% of the companies in the same industry are more expensive than AEIN, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, AEIN is valued cheaper than 81.08% of the companies in the same industry.
Industry RankSector Rank
P/FCF 7.14
EV/EBITDA 6.4
AEIN.DE Per share dataAEIN.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 -10 20 30

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates AEIN does not grow enough to justify the current Price/Earnings ratio.
AEIN's earnings are expected to grow with 18.70% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.4
PEG (5Y)N/A
EPS Next 2Y18.7%
EPS Next 3YN/A

4

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 2.46%, AEIN has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 6.95, AEIN pays a bit more dividend than its industry peers.
AEIN's Dividend Yield is comparable with the S&P500 average which is at 2.35.
Industry RankSector Rank
Dividend Yield 2.46%

5.2 History

The dividend of AEIN has a limited annual growth rate of 0.10%.
Dividend Growth(5Y)0.1%
Div Incr Years0
Div Non Decr Years6
AEIN.DE Yearly Dividends per shareAEIN.DE Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 0.1 0.2 0.3 0.4

5.3 Sustainability

AEIN pays out 85.20% of its income as dividend. This is not a sustainable payout ratio.
The dividend of AEIN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP85.2%
EPS Next 2Y18.7%
EPS Next 3YN/A
AEIN.DE Yearly Income VS Free CF VS DividendAEIN.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M 40M 60M 80M 100M
AEIN.DE Dividend Payout.AEIN.DE Dividend Payout, showing the Payout Ratio.AEIN.DE Dividend Payout.PayoutRetained Earnings

ALLGEIER SE

FRA:AEIN (7/21/2025, 1:47:15 PM)

20.025

+0.27 (+1.39%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustryIT Services
Earnings (Last)05-15 2025-05-15
Earnings (Next)N/A N/A
Inst Owners16.24%
Inst Owner ChangeN/A
Ins Owners39.28%
Ins Owner ChangeN/A
Market Cap230.29M
Analysts85.45
Price Target25.67 (28.19%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.46%
Yearly Dividend0.5
Dividend Growth(5Y)0.1%
DP85.2%
Div Incr Years0
Div Non Decr Years6
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)4.5%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-5.14%
Valuation
Industry RankSector Rank
PE 34.53
Fwd PE 13.02
P/S 0.53
P/FCF 7.14
P/OCF 5.36
P/B 1.68
P/tB N/A
EV/EBITDA 6.4
EPS(TTM)0.58
EY2.9%
EPS(NY)1.54
Fwd EY7.68%
FCF(TTM)2.8
FCFY14.01%
OCF(TTM)3.73
OCFY18.65%
SpS37.55
BVpS11.9
TBVpS-12.2
PEG (NY)2.4
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 1.47%
ROE 4.91%
ROCE 7.51%
ROIC 5.9%
ROICexc 6.63%
ROICexgc 39.23%
OM 6.53%
PM (TTM) 1.56%
GM 19.6%
FCFM 7.47%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y12.58%
OM growth 5Y10.19%
PM growth 3Y-17.6%
PM growth 5Y-3.29%
GM growth 3Y9.36%
GM growth 5Y2.03%
F-Score5
Asset Turnover0.94
Health
Industry RankSector Rank
Debt/Equity 1.19
Debt/FCF 5.52
Debt/EBITDA 2.88
Cap/Depr 37.72%
Cap/Sales 2.48%
Interest Coverage 3.1
Cash Conversion 75.98%
Profit Quality 480.24%
Current Ratio 1.59
Quick Ratio 1.57
Altman-Z 2.07
F-Score5
WACC7.24%
ROIC/WACC0.81
Cap/Depr(3y)41.81%
Cap/Depr(5y)37.04%
Cap/Sales(3y)2.4%
Cap/Sales(5y)2%
Profit Quality(3y)197.89%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-43.18%
EPS 3Y-14.84%
EPS 5Y-14.88%
EPS Q2Q%-252%
EPS Next Y14.39%
EPS Next 2Y18.7%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-9.56%
Revenue growth 3Y3.61%
Revenue growth 5Y-10.51%
Sales Q2Q%-15.24%
Revenue Next Year-6.31%
Revenue Next 2Y0.19%
Revenue Next 3Y3.27%
Revenue Next 5Y3.51%
EBIT growth 1Y-6.5%
EBIT growth 3Y16.65%
EBIT growth 5Y-1.39%
EBIT Next Year86.72%
EBIT Next 3Y32.04%
EBIT Next 5YN/A
FCF growth 1Y149.5%
FCF growth 3Y2.57%
FCF growth 5Y-12.57%
OCF growth 1Y89.52%
OCF growth 3Y9.11%
OCF growth 5Y-8.57%