Analysis: Stocks

Three stocks trading at under 5 times earnings, so what?

Volkswagen, Renault and Air France-KLM are trading at less than five times their expected earnings. Three discounts that have nothing to do with one another. Along the way, you will run into a...

Groupe Dynamite Builds Scale While Margins Hold Firm

Sustaining growth across new markets will be the real test.

China Resources Mixc Lifestyle Services Finds Growth Beyond Property

Is China Resources Mixc Lifestyle Services Limited's on-the-ground execution running ahead of what the stock price is currently crediting it for?

Wizz Air Holding: Coping with growth

Earnings/Sales releasesWizz Air's weaknesses remain as it digests its capacity growth under downward pricing pressure and reduced stage-length effects. The medium-term case is credible but...

Generali: Generali 1H26 results: another beat, though partly anticipated

Latest Generali reported another set of strong 1H26 results, with operating profit above consensus – though this was partly anticipated, as part of the beat was driven by Banca Generali, which had...

Fraport: Q2: Terminal 3 costs arrive before the traffic

Earnings/Sales releases Fraport opened Frankfurt's Terminal 3 in April, but the passengers needed to absorb its cost have not arrived. Q2 traffic at Frankfurt fell by 3.2%, while higher depreciation...

RWE: RWE says goodbye to US offshore wind for $1.2bn from the US administration

Significant news RWE has settled with the US DOI, relinquishing its three offshore leases for $1.2bn of cash and booking only a c.€30m net impairment on ongoing development spend in Q3. With no...

Qiagen: Q2 ahead of expectations; like peers, there's no change to guidance

Earnings/Sales releases Qiagen's Q2 results exceeded expectations and management's Guidance. Revenue growth was primarily driven by Sample Technologies and Genomics/NGS. Despite challenges in US...

Puig Brand SA: Solid delivery, limited visibility

Earnings/Sales Releases Puig delivered a solid H1 26, with Q2 revenue and H1 profitability ahead of consensus. Growth was supported by resilient Fragrance and Fashion and stronger Makeup. The main...

Adecco: Strong organic growth, effective cost control

Earnings/Sales releases Q2 2026 confirmed solid revenue growth, driven by Adecco GBU’s strong performance across the Americas, Asia Pacific and most EMEA regions. While Akkodis and LHH posted more...

RATIONAL: Profit beat on the menu, but mostly one-off

Earnings/Sales releases Rational delivered a mixed Q2 2026. Revenue increased by 4% to €323.9m, slightly below consensus, while gross profit and EBIT beat expectations by 5.5% and 8.0%,...

Zurich Insurance Group: Zurich 1H26 results: Life shines, P&C underlying trends more mixed

Earnings/Sales releases Zurich's operating profit rose significantly in 1H26, coming in slightly above consensus. However, the underlying performance was more mixed than the headline suggests. While...

PVA TePla AG: Strong order momentum overshadowed by weak profitability; recovery expected in H2

Earnings/Sales releasesPVA Tepla reported a mixed first half of 2026. Revenue was broadly flat year-on-year, but Profitability deteriorated sharply due to weak capacity utilisation in material...

Henkel: Good mix of resilience and growth

Earnings/Sales releases Henkel posted strong H1 2026 numbers, with Growth driven by both segments. The Growth was heavily weighted towards Q2, driven by a strong performance in the adhesives segment....

Rheinmetall: Execution risks are becoming harder to ignore

Earnings/Sales releases Rheinmetall delivered a record Q2, with sales and operating profit ahead of expectations and broad-based margin expansion. However, the release also exposed increasingly...

Knaus Tabbert: Solid H1 confirms recovery on track; trimmed margin guidance reflects H2 headwinds

Earnings/Sales releases Knaus reported robust H1 results, affirming the group's turnaround. Profitability improved significantly due to a reduced cost base, despite lower revenue. The revenue decline...

Diageo: A beat built on subtraction

Earnings/Sales releases Diageo’s FY26 headline beat masks a weaker underlying picture. Organic profit growth was largely driven by lower marketing and overheads, while FCF benefited mainly from...

Siemens: Order beat largely discounted, raised outlook not enough to sustain current valuations

Earnings/Sales releases In Q3, Siemens posted a strong beat on orders driven by triple-digit growth in Datacentres in SI and large order bookings in MO, whereas revenues were broadly in line. Profits...

SGL Carbon SE: On track despite weak end markets; semiconductor business remains key growth driver

Earnings/Sales releases SGL Carbon delivered a resilient first-half performance despite a difficult industrial environment. Sales declined 13% YoY due to the Restructuring of its carbon fibre...