GEA Group AG

GEA Group focuses on the development and production of process technology and components for production methods. Co. segments include: GEA Food Solutions, which manufactures machinery for preparing, marinating, processing, cutting, and packaging meat, poultry, and other foods; GEA Farm Technologies, which manufacturers product solutions for milk production and livestock farming; GEA Mechanical Equipment, which concentrates in separators, decanters, valves, pumps, and homogenizers; GEA Process Engineering, which designs and develops of process solutions for the pharmaceutical, and chemical industries; and GEA Refrigeration Technologies, which concentrates in refrigeration technology.
  • Ticker660200
  • ISINDE0006602006
  • SectorIndustrial Engineering
  • CountryGermany

Analysts

Ibrahim Firdaus

GEA Group

GEA Group Aktiengesellschaft - December 2017 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

GEA Group Aktiengesellschaft: GEA's second profit warning in less than a year is credit negative but does not affect its Baa2 rating

CORPORATES ISSUER COMMENT 19 July 2017 RATINGS GEA Group Aktiengesellschaft Long term issuer rating Baa2 Outlook stable Contacts Oliver Giani 49-69-70730-722 VP-Senior Analyst [email protected] Anke Rindermann 49-69-70730-788 Associate Managing Director [email protected] Perrine Bajolle 49-69-70730-902 Associate Analyst [email protected] GEA Group Aktiengesellschaft GEA

GEA Group Aktiengesellschaft: Annual update of credit opinion

CORPORATES CREDIT OPINION 7 July 2017 Update RATINGS GEA Group Aktiengesellschaft Domicile Dusseldorf, Germany Long Term Rating Baa2 Type LT Issuer Rating - Dom Curr Outlook Stable Please see the ratings section at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Oliver Giani 49-69-70730-722 VP-Senior Analyst oliver

Ibrahim Firdaus

GEA Group

Denise Molina

Morningstar | How We Arrived at Our New FVE for GEA Group; Shares Attractive

Our lowered fair value estimate to EUR 38 from EUR 45 per share still implies substantial upside on the shares from current levels. We continue to find the shares as attractive. Below we step through how we arrived at our new fair value estimate. Our outlook on the demand for GEA's equipment remains largely unchanged, with a 4% revenue CAGR from 2021 onward. However, we expect a dip now in revenue in 2019 and return to growth in 2020, based on the new management's guidance. Our EBIT margin trajectory has changed with an expectation of a contraction of 100 basis points in 2019 to 8.2%, incorpo...

Denise Molina

How We Arrived at Our New FVE for GEA Group; Shares Attractive

Our lowered fair value estimate to EUR 38 from EUR 45 per share still implies substantial upside on the shares from current levels. We continue to find the shares as attractive. Below we step through how we arrived at our new fair value estimate. Our outlook on the demand for GEA's equipment remains largely unchanged, with a 4% revenue CAGR from 2021 onward. However, we expect a dip now in revenue in 2019 and return to growth in 2020, based on the new management's guidance. Our EBIT margin traj...

Denise Molina

Morningstar | GEA’s Oversized Manufacturing Footprint and High Cost Base Offers Long-Term Margin Upside

GEA’s long history of innovation and market-leading share in several widely used food processing equipment lines attractively position the company to capture industry growth by enhancing product offerings, providing adherence to strict food safety standards, reducing resource consumption, and meeting increasing demand from a growing global population. The company's equipment helps food and beverage companies to differentiate their products. For example, major U.S. supermarket Kroger offers more than 700 yoghurt products with variations in style (Greek, Icelandic, traditional, or protein-enrich...

Denise Molina

GEA’s Oversized Manufacturing Footprint and High Cost Base Offers Long-Term Margin Upside

We are lowering our fair value estimate for GEA group to EUR 38 from EUR 45 per share, but are maintaining our wide moat rating. In his first move, GEA's new CEO seems to be resetting the bar lower with a lower revenue and margin outlook for 2019 versus 2018, indicating that we won't see the benefits from restructuring this year. He also abandoned previous management's medium-term targets, which was expected. Preliminary results for 2018 showed revenue growth in line with expectations, growing a...

A director bought 1,300 shares at 38.239EUR and

A director at Gea Group Ag bought 1,300 shares at 38.239EUR and the significance rating of the trade was 55/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of ...

With a more favourable environment, GEA GROUP AG improves to Slightly Positive

GEA GROUP AG (DE), a company active in the Diversified Industrials industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 3 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date January 18, 2019, the closing price was EUR 24.48 and its potential was estimated at EUR 27.58.

Ibrahim Firdaus

GEA Group

Ibrahim Firdaus

GEA Group

Ibrahim Firdaus

GEA Group

Ibrahim Firdaus

GEA Group

Expert Corporate Governance Service (ECGS)

Proxy Report - 19/04/2018

Item 3: We recommend to oppose the discharge of the Management Board due to our concerns triggered by the two profit warnings issued by the Company in financial years 2017 and 2016. Item 6: We recommend opposing the share repurchase authorisation requested by the Company as we consider it currently not being in shareholders' interest. General: On 18 March 2018, the Company disclosed that CEO Jürg Oleas had informed the Supervisory Board that he is not seeking to extend his term of office beyond 31 December 2019 and had suggested to leave the Management Board at the AGM 2019 "in order to allo...

Expert Corporate Governance Service (ECGS)

Etude de l'AG du 20/04/2017

Item 5: KPMG, Berlin, is proposed as auditor for the current financial year. KPMG has audited the Company since the financial year 2011. Ratio of non-audit/audit fees was 71.40% during the year under review and 64.70% over a three-year aggregate period which exceeds our guidelines. We therefore recommend opposing the proposal.Item 6: The Company shall be authorised until 19 April 2022 to increase the share capital by up to EUR 77m (~15% of the share capital) by issuing shares against contributions in cash. The total shares issued while disapplying preemptive rights under the proposed authorisa...

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