Jungheinrich
Note: This is a daily stock update and the information stands true as of 18/07/25, 09:00 CET.
Company Update:
Expert Opinion:
This one took us by surprise but our expert believes that our analyst is right when he says the 16% drop in share price is an opportunity to jump in the name. We have adjusted our 2025 numbers and left unchanged our 2026 numbers. He actually likes the reactivity of the management that launches a restructuring plan (like Kion did earlier this year). On the back of our new numbers (where our analyst now feels extremely comfortable, PE stands at 11.7x for 2025 and 10.1x for next year. Usually, we are told to wait three days after a Profit Warning to jump back in but our expert wouldn't wait that long and start buying in the name today.
For daily updates, subscribe to our newsletter and for detailed information, reach out to us at sales@alphavalue.eu
Company Update:
Yesterday, Jungheinrich surprised the market with a PW and the stock dropped 16%.
Long story short this is way excessive according to our analyst who knows the company inside out. The recovery expected in H2 will not occur and company decided to launch a trestructuring plan with € 90m cost passed in 2025. They therefore lowered their guidance for order intake by € 200m to € 5.3-5.9bn and for sales by € 100m to € 5.3-5.9bn. EBIT expectations have been lowered from € 430-500m to € 280-350m.
The profit warning sounds more dramatic at first glance than it is when looking into the details. Market participants considered Jungheinrich’s guidance quite ambitious.
Therefore, our consensus expectations were already in the lower third of the guided ranges.
This one took us by surprise but our expert believes that our analyst is right when he says the 16% drop in share price is an opportunity to jump in the name. We have adjusted our 2025 numbers and left unchanged our 2026 numbers. He actually likes the reactivity of the management that launches a restructuring plan (like Kion did earlier this year). On the back of our new numbers (where our analyst now feels extremely comfortable, PE stands at 11.7x for 2025 and 10.1x for next year. Usually, we are told to wait three days after a Profit Warning to jump back in but our expert wouldn't wait that long and start buying in the name today.
For daily updates, subscribe to our newsletter and for detailed information, reach out to us at sales@alphavalue.eu
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Alphavalue Morning Market Tip
Weak Q2 earnings as expected - FY Production guidance upgraded.