Siemens to buy Supplyframe in $700M deal

  • Siemens (OTCPK:SIEGY) agrees to acquire Supplyframe, a California-based design-to-source platform for the global electronics value chain, for $700M.
  • Supplyframe "has created a strong design-to-source intelligence ecosystem with over 10M engineering and supply chain professionals worldwide, transforming how businesses design, source, market and sell products in the global electronics value chain," Siemens says.
  • Siemens says the deal will result in synergies totaling in the mid-triple-digit million dollars.

    Over the current book year the total revenue from the company in Muenchen will be 59.11 billion euros (consensus estimates). This is slightly more than 2020's revenue of 57.14 billion euros.

    Historical revenues and results Siemens plus estimates 2020

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    The analysts expect for 2021 a net profit of 5.28 billion euros. According to most of the analysts the company will have a profit per share for this book year of 6.71 euros. With this the price/earnings-ratio is 20.1.

    Per share the analysts anticipate on a dividend of 3.51 euros per share. Thus the dividend yield equals 2.6 percent. The average dividend yield of the electronics companies equals a relatively high 2.48 percent.

    Latest estimates around 157 euros

    Deutsche Bank , JP Morgan and Independent Research recently provided recommendations for the stock.

    Siemens 's market capitalization is based on the number of outstanding shares around 109.61 billion euros. The Siemens stock was the past 12 months quite volatile. Since last May the stock is even 64 percent higher. This year the stock price moved between 83 and 146 euro.

    Historical stock prices Siemens

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    At 12.47 the stock trades 0.53 percent higher at 134.86 euros. Nieuwsdienst: +31 084-0032-842

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