Anzeige
+++Hot Stock!: Was passiert, wenn Tiefseebergbau funktioniert? Der von Anlegern übersehene Ripple-Effekt Was passiert, wenn Tiefseebergbau funktioniert? Der von Anlegern übersehene Ripple-Effekt+++
Portfolio Tracker
Dein Depot in Echtzeit – Kurse, Renditeanalyse und Dividendenplaner an einem Ort.
Anzeige
Original-Research

Semperit AG Holding (von NuWays AG): BUY 13.10.2026, 09:00 Uhr von EQS Research Jetzt kommentieren: 0

Werte zum Artikel
Name Aktuell Diff. Börse
Semperit Holding 17,58 EUR +0,14 % Lang & Schwarz
Kostenlose Aktienchance per SMS Ausgewählte Trading-Einschätzungen aufs Handy.

Original-Research: Semperit AG Holding - from NuWays AG

13.10.2026 / 09:00 CET/CEST
Dissemination of a Research, transmitted by EQS News - a service of EQS Group.
The issuer is solely responsible for the content of this research. The result of this research does not constitute investment advice or an invitation to conclude certain stock exchange transactions.


Classification of NuWays AG to Semperit AG Holding

Company Name: Semperit AG Holding
ISIN: AT0000785555
 
Reason for the research: Update
Recommendation: BUY
Target price: EUR 23.50
Target price on sight of: 12 months
Last rating change:
Analyst: Sarah Hellemann

Second guidance hike carried by strong Q3 operating EBITDA; PT up

Yesterday, Semperit announced another guidance hike, carried by a stronger-than-anticipated operating EBITDA for Q3. In detail:

Q3 EBITDA well ahead of expectations. Semperit reported preliminary Q3 EBITDA of c. € 27m, up 26.5% yoy and well above our estimate of € 18.8m. The beat was mainly driven by stronger sales. Pricing normalised more slowly than expected as the company defended its margins in customer negotiations, and material costs weighed less on the P&L than anticipated. Adjusting for project costs of c. € 1m (eNuW), operating EBITDA should come in at c. € 28m (eNuW).

Impairment weighs on EBIT. Alongside the preliminary figures, Semperit announced a one-off, non-cash impairment of c. € 8m related to assets and liabilities now classified as held for sale. The stronger operating performance should partly offset this charge, but we still expect Q3 EBIT of € 6.6m (eNuW), down 28% yoy.

FY26 guidance raised for the second time. On the back of the strong Q3, Semperit now guides for FY26 operating EBITDA of c. € 115m. That is € 15m above the c. € 100m it guided in July and € 20m above its original guidance of € 95m. Notably, management flagged limited visibility on order intake for the final weeks of the year, as many customers continue to order at short notice.

Q4 also set to beat. The new guidance implies Q4 operating EBITDA of some € 18m, above our previous estimate of € 16.7m. In our view, this signals that management expects better outcomes from negotiations than we had assumed, which should support both sales and margins. We now model Q4 sales of € 198m (previously € 193m), up 10.7% yoy, and an operating EBITDA margin of 9.1% (previously 8.6%), down 6.2pp yoy against a strong comparable margin.

Estimates raised. Reflecting the stronger Q3 and a higher Q4 contribution of € 18.1m (eNuW), we raise our FY26e operating EBITDA to € 115m (previously € 105m). The Q3 impairment weighs on EBIT, but the stronger operating performance more than offsets it. We now expect FY26e EBIT of € 52.4m (previously € 50.5m).

Exceptional year in the making. FY26e is shaping up to be an exceptionally strong year, with the highest earnings since FY21 and, based on our FY26e EPS of € 1.51, a resumption of dividend payments. Part of this strength comes from windfall profits related to raw material price volatility and is therefore one-off in nature. Still, with a leaner cost base and a second guidance raise within a few months, Semperit’s turnaround is clearly gaining traction.

BUY confirmed, PT raised to € 23.5 (previously € 22) based on DCF.

You can download the research here: semperit-ag-holding-2026-10-13-update-en-81dac
For additional information visit our website: https://www.nuways-ag.com/research

Contact for questions:
NuWays AG - Equity Research
Web: www.nuways-ag.com
Email: research@nuways-ag.com
LinkedIn: https://www.linkedin.com/company/nuwaysag
Adresse: Mittelweg 16-17, 20148 Hamburg, Germany
++++++++++
Diese Meldung ist keine Anlageberatung oder Aufforderung zum Abschluss bestimmter Börsengeschäfte.
Offenlegung möglicher Interessenkonflikte nach § 85 WpHG beim oben analysierten Unternehmen befindet sich in der vollständigen Analyse.
++++++++++


The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
View original content: EQS News


2414520  13.10.2026 CET/CEST

Kommentare (0) ... diskutiere mit.
k.A. k.A. k.A. k.A.
k.A. k.A. k.A. k.A.
k.A. k.A. k.A. k.A.
Schreib den ersten Kommentar!

Dis­clai­mer: Die hier an­ge­bo­te­nen Bei­trä­ge die­nen aus­schließ­lich der In­for­ma­t­ion und stel­len kei­ne Kauf- bzw. Ver­kaufs­em­pfeh­lung­en dar. Sie sind we­der ex­pli­zit noch im­pli­zit als Zu­sich­er­ung ei­ner be­stim­mt­en Kurs­ent­wick­lung der ge­nan­nt­en Fi­nanz­in­stru­men­te oder als Handl­ungs­auf­for­der­ung zu ver­steh­en. Der Er­werb von Wert­pa­pier­en birgt Ri­si­ken, die zum To­tal­ver­lust des ein­ge­setz­ten Ka­pi­tals füh­ren kön­nen. Die In­for­ma­tion­en er­setz­en kei­ne, auf die in­di­vi­du­el­len Be­dür­fnis­se aus­ge­rich­te­te, fach­kun­di­ge An­la­ge­be­ra­tung. Ei­ne Haf­tung oder Ga­ran­tie für die Ak­tu­ali­tät, Rich­tig­keit, An­ge­mes­sen­heit und Vol­lständ­ig­keit der zur Ver­fü­gung ge­stel­lt­en In­for­ma­tion­en so­wie für Ver­mö­gens­schä­den wird we­der aus­drück­lich noch stil­lschwei­gend über­nom­men. Die Mar­kets In­side Me­dia GmbH hat auf die ver­öf­fent­lich­ten In­hal­te kei­ner­lei Ein­fluss und vor Ver­öf­fent­lich­ung der Bei­trä­ge kei­ne Ken­nt­nis über In­halt und Ge­gen­stand die­ser. Die Ver­öf­fent­lich­ung der na­ment­lich ge­kenn­zeich­net­en Bei­trä­ge er­folgt ei­gen­ver­ant­wort­lich durch Au­tor­en wie z.B. Gast­kom­men­ta­tor­en, Nach­richt­en­ag­en­tur­en, Un­ter­neh­men. In­fol­ge­des­sen kön­nen die In­hal­te der Bei­trä­ge auch nicht von An­la­ge­in­te­res­sen der Mar­kets In­side Me­dia GmbH und/oder sei­nen Mit­ar­bei­tern oder Or­ga­nen be­stim­mt sein. Die Gast­kom­men­ta­tor­en, Nach­rich­ten­ag­en­tur­en, Un­ter­neh­men ge­hör­en nicht der Re­dak­tion der Mar­kets In­side Me­dia GmbH an. Ihre Mei­nung­en spie­geln nicht not­wen­di­ger­wei­se die Mei­nung­en und Auf­fas­sung­en der Mar­kets In­side Me­dia GmbH und de­ren Mit­ar­bei­ter wie­der. Aus­führ­lich­er Dis­clai­mer