SinnerSchrader (SZZ)

Business description

SinnerSchrader is a leading European independent digital agency that helps companies use the internet to sell and market goods and services.

Stock data

Market cap.€104m
Last close€9.01
High / Low (52 weeks)€9.2 / €4.3
Stock market listingDE, EU
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamTechnology
SectorTechnology

Price performance

%1m3m12m
Actual0.944.6103.4
Relative *(1.3)37.366.1

* % Relative to local index

Other companies in sector Show

1Spatial Acal
accesso Technology Group ADVA Optical Networking
Advanced Computer Software Group Advanced Micro Devices
AIXTRON All for One Steeb AG
Allocate Software Allot Communications
Alpha and Omega Semiconductor Alphapoint Technology Inc
Amazon Amino Technologies
ANADIGICS Arria NLG
Artec technologies AsiaCell
AT&S Austria Technologie & Systemtechnik Beta Systems Software
Blancco Technology Group blinkx
blur Group Brady
Bulletproof Group Carclo
Catapult Group International CENIT
Cerillion provides billing, charging and customer management software, primarily to telecommunicatio CityFibre Infrastructure Holdings
Cliq Digital CML Microsystems
CoAssets Comptel
Craneware CREALOGIX
Cypress Semiconductor Datagroup
DDD Group Dillistone Group
dotDigital DSP Group
e2v technologies Eagle Eye
Eckoh Edel
Elmos Semiconductor EMIS
EMIS Group Emulex
Endace EnWave Corporation
eServGlobal Esker
Evolving Systems EVR Holdings PLC
Expert System Facebook
Featurespace FFastFill
FinLab AG Fintech Group
First Derivatives First Sensor
Focus Solutions Group Foresight Autonomous Holdings
Freelancer Fusionex International
Gamma Communications GB Group
GBST Holdings GeoOp
GFT Globo
GO internet Himax Technologies
Hrvatski Telekom ifa systems
ikeGPS Group Infinera
Inmarsat Innovation Group
InVision IQE
IS Solutions ISRA VISION
IXYS Jenoptik
K3 Business Technology Group Kainos
Keywords Studios LRAD Corporation
Magix Manpower Software
Manx Telecom Manz
Maxima Holdings Medicsight
Mensch und Maschine Mercia Technologies
Micro Focus International Micron Technology
Migme Mobile ecosystems
Monitise Montage Technology
Morse mVISE
My Net Fone Nano Dimension
Nanoco Group nearmap
Nemetschek Netcall
NetDimensions Netflix
Nexus Management O2Micro International
OMG OmniVision Technologies
Orion Health Group Outsourcery
Panorama Synergy Pantaleon Entertainment
Patsystems Paysafe Group
Pebble Beach Systems Group Pericom Semiconductor
Phitek Piteco
PLX Technology Pointer Telocation
Pricer Prodware
PSI Pure Wafer
QSC Real Estate Investar
Real Estate Investar Group Limited REALTECH
Redflex Holdings Redstone
Reed Elsevier Reply SpA
Results.com Rex Bionics
Rheinmetall RM
S&T SCISYS
Secunet Seeing Machines
Sepura Serko
Seven Principles Siemens
Sigma Designs Silicom
Silicon Image SimiGon
SITO Mobile SLI Systems
Smartpay Holdings SNP Schneider-Neureither & Partner
Software AG Solera
Spansion Spirent Communications
SQS Software Quality Systems AG Stadium Group
StatPro Group Store Electronic Systems
Straker Translations SuperCom
Synchronica Taptica
Technology sector Texas Instruments
The Marketing Group Thin Film Electronics
Thoughtonomy Tikit Group
Toumaz Track Group
TXT e-solutions TZ Limited
Ubisense Group UMT United Mobility Technology
United Power Technology VASCO Data Security
Vectron Systems Virtual Piggy
Vista Group International Vitec
Vizrt VMob Group
WANdisco Webinar
Wincor Nixdorf WorkPlace Systems International
Xploite Xplore Technologies Corp
YuuZoo

Investment summary

SinnerSchrader has received a cash bid for €9 per share offer by Accenture, representing a 31% premium over the three-month volume-weighted average share price and a c 15x FY17 EV/EBIT based on our previous forecasts. The majority shareholders accounting for 62% of the shares have agreed to the business combination with a public tender open for the remaining shares. Our forecasts for SinnerSchrader are therefore withdrawn.

Last updated on 02/03/2017

Y/E Aug Revenue (€m) EBITDA (€m) PBT (€m) EPS (fd) (c) P/E (x) P/CF (x)
2015A 47.7 5.3 4.2 25.1 35.9 45.4
2016A 51.1 4.5 5.1 29.4 30.6 21.1
2017E N/A N/A N/A N/A N/A N/A
2018E N/A N/A N/A N/A N/A N/A

Last updated on 20/02/2017

Latest research

Another strong year expected

Outlook | Technology | 02/02/2017

Dividend increased 67%

Update | Technology | 28/11/2016

Well placed in a dynamic sector

QuickView | Technology | 10/11/2016

A solid finish to a strong year

Update | Technology | 19/10/2016

Audi win - gear change for group

Update | Technology | 19/07/2016

Buoyant new business

Update | Technology | 18/04/2016

Coming of age

Outlook | Technology | 12/02/2016

A confident outlook

Flash note | Technology | 30/11/2015

Expanding margin profile

QuickView | Technology | 09/11/2015

Margins leap in Q4, robust trading outlook

Update | Technology | 21/10/2015

Margin improvement

Flash note | Technology | 16/07/2015

Restructuring Next Audience

Update | Technology | 09/07/2015

Latest video

Executive Interview - SinnerSchrader

Key management

Matthias Schrader, CEO
Thomas Dyckhoff, CFO

Company address

Völckersstraße 38
Hamburg
22765
Germany
View website