(@Leo_007) on getquin

3Mon·

Would you currently recommend Sixt in view of the favorable share price and the high dividend as well as very positive analyses? If yes, what would speak for it and if no, what would speak against it? In my opinion, this company is well managed and definitely offers good opportunities in the long term as they are very well networked!

12 Comments

Michael@Mbsmoker

3Mon

I hold the VZ of Sixt, with an equity of just under 67 with approx. 20% in the red.
There were large write-downs on the e-division. I suspect there will be more to come.

Don't rely on the dividend, it may well be cut.

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Anderlé MPoint@Anderle

3Mon

So on the subject of dividends, the following:

+ Current dividend yield (6.07%)
+ Payout 3Y (61.94%)
+ Growth 5Y (13.04%)

+ Dividend yield 10Y (2.57%, there is still room for improvement!)

- Continuity 10Y (0 years)

Wouldn't be enough for me, as the continuity over 10 yrs. is lousy (it couldn't be worse)✌🏻

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Lukas R.@lukasrd

3Mon

I have them in my portfolio and believe in the company.

They are currently facing headwinds due to the e-car write-offs (which should be mostly over according to management) & somewhat weaker demand in Europe and especially Germany as travel euphoria is waning after COVID.

In the long term I am confident, apart from the brand, the management (family) and the economies of scale, there are 3 points in particular that speak for the company:
- Transformation into a service provider for various forms of individual mobility, including some asset-light models, which improves margins
- Excellent digitalization, resulting in top customer experience and therefore better pricing power
- US expansion is going really well and should certainly pay off in the long term

All in all, I'm convinced, but Sixt is already susceptible to economic cycles, which is why it's only something if you're long-term oriented. It's not for nothing that both the preference share and the ordinary share have outperformed the market in the long term.

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Thomas Hauck@tomtom38

3Mon

sixt pays the dividend at times.with debt. The business model is knitted with a hot needle

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