Scherzer & Co company feature image

Scherzer & Co

DB: PZS

Market Cap€92.8m

Last Close €3.1

Scherzer & Co (PZS) invests its funds mainly in domestic equities. PZS looks for companies that are unknown or unloved, and special situations. The focus is on special situations, where the downside is perceived to be limited. In addition, it acquires value stocks, mainly below book value. These stocks need to demonstrate strong business models.

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Investment summary

Scherzer’s (PZS’s) NAV increased 28.2% to end-August 2021 in total return terms, vastly outperforming the German equity markets, where the main indices posted 15–17% gains. The H121 EPS was 48% higher year-on-year at €0.14 per share, despite a higher base as a result of the one-off gains from the conclusion of the AXA case, which was accounted for in H120. Owing to strong results, PZS reintroduced a dividend pay-out, distributing €0.05 per share (ex-div in May 2021), implying a yield of 1.6%.

Content on Scherzer & Co
Scherzer & Co – H121 NAV return above market average
Financials | Update | 14 September 2021
Scherzer & Co – Successful conclusion of AXA case
Financials | Update | 8 September 2020
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Share price graph
Price performance
%
1m
3m
12m
Actual 0.0 4.0 36.0
Relative* 2.8 5.6 15.9
52-week high/low €3.2/€2.1
*% relative to local index
Key management
Georg Issels Board member
Mark Kahlenberg Investment Manager