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.€151.2m
Last close€13.10
High / Low (52 weeks)€13.9 / €4.7
Stock market listingDE, EU
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamTechnology
SectorTechnology

Price performance

%1m3m12m
Actual(5.1)34.8168.8
Relative *(1.5)41.7137.0

* % Relative to local index

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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 Our forecasts for SinnerSchrader are therefore withdrawn.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 03/08/2017

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 52.2 66.0
2016A 51.1 4.5 5.1 29.4 44.6 30.7
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 21/04/2017

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