New Risk • May 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swiss stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.3% average weekly change). Profit margins are more than 30% lower than last year (3.2% net profit margin). Reported Earnings • May 06
First quarter 2026 earnings released: EPS: €0.62 (vs €0.61 in 1Q 2025) First quarter 2026 results: EPS: €0.62 (up from €0.61 in 1Q 2025). Revenue: €96.4m (up 8.1% from 1Q 2025). Net income: €6.60m (up 1.5% from 1Q 2025). Profit margin: 6.8% (down from 7.3% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Hospitality industry in Europe. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. New Risk • Apr 12
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.2% Last year net profit margin: 5.0% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (3.2% net profit margin). Major Estimate Revision • Dec 12
Consensus EPS estimates fall by 25% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from €1.06 to €0.80. Revenue forecast unchanged from €353.4m at last update. Net income forecast to grow 92% next year vs 7.4% growth forecast for Hospitality industry in Switzerland. Consensus price target of CHF19.88 unchanged from last update. Share price rose 5.4% to CHF12.60 over the past week. Reported Earnings • Nov 11
Third quarter 2025 earnings released: EPS: €0.18 (vs €0.54 in 3Q 2024) Third quarter 2025 results: EPS: €0.18 (down from €0.54 in 3Q 2024). Revenue: €101.3m (up 89% from 3Q 2024). Net income: €1.90m (down 67% from 3Q 2024). Profit margin: 1.9% (down from 11% in 3Q 2024). Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Hospitality industry in Europe. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Major Estimate Revision • Aug 22
Consensus EPS estimates fall by 15% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from €1.73 to €1.48. Revenue forecast unchanged from €353.1m at last update. Net income forecast to grow 38% next year vs 18% growth forecast for Hospitality industry in Switzerland. Consensus price target of CHF20.08 unchanged from last update. Share price was steady at CHF15.50 over the past week. Reported Earnings • Aug 08
Second quarter 2025 earnings released: EPS: €0.12 (vs €0.71 in 2Q 2024) Second quarter 2025 results: EPS: €0.12 (down from €0.71 in 2Q 2024). Revenue: €93.4m (up 11% from 2Q 2024). Net income: €1.28m (down 83% from 2Q 2024). Profit margin: 1.4% (down from 8.8% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Hospitality industry in Europe. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jun 25
Upcoming dividend of €0.41 per share Eligible shareholders must have bought the stock before 02 July 2025. Payment date: 04 July 2025. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Swiss dividend payers (3.9%). Lower than average of industry peers (2.9%). Reported Earnings • May 17
First quarter 2025 earnings released: EPS: €0.61 (vs €0.47 in 1Q 2024) First quarter 2025 results: EPS: €0.61 (up from €0.47 in 1Q 2024). Revenue: €89.2m (up 9.6% from 1Q 2024). Net income: €6.50m (up 30% from 1Q 2024). Profit margin: 7.3% (up from 6.1% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Hospitality industry in Europe. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. New Risk • May 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swiss stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (55% accrual ratio). Minor Risks Dividend is not well covered by cash flows (dividend per share is over 9x cash flows per share). Share price has been volatile over the past 3 months (6.7% average weekly change). Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CHF15.05, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 14x in the Hospitality industry in Europe. Total loss to shareholders of 54% over the past three years. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CHF12.20, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 12x in the Hospitality industry in Europe. Total loss to shareholders of 66% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CHF24.10 per share. Reported Earnings • Mar 31
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: €1.47 (up from €0.65 in FY 2023). Revenue: €312.5m (down 1.5% from FY 2023). Net income: €15.7m (up 125% from FY 2023). Profit margin: 5.0% (up from 2.2% in FY 2023). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 11%. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Hospitality industry in Europe. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 15
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: €1.47 (up from €0.65 in FY 2023). Revenue: €189.0m (down 40% from FY 2023). Net income: €15.7m (up 126% from FY 2023). Profit margin: 8.3% (up from 2.2% in FY 2023). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 11%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Hospitality industry in Europe. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Major Estimate Revision • Nov 13
Consensus EPS estimates increase by 119% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from €0.64 to €1.40. Revenue forecast unchanged at €318.0m. Net income forecast to grow 29% next year vs 30% growth forecast for Hospitality industry in Switzerland. Consensus price target down from CHF25.97 to CHF25.02. Share price was steady at CHF17.28 over the past week. Reported Earnings • Nov 12
Third quarter 2024 earnings released: EPS: €0.54 (vs €0.26 in 3Q 2023) Third quarter 2024 results: EPS: €0.54 (up from €0.26 in 3Q 2023). Revenue: €53.6m (up 37% from 3Q 2023). Net income: €5.70m (up 104% from 3Q 2023). Profit margin: 11% (up from 7.2% in 3Q 2023). Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Hospitality industry in Europe. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 13
First half 2024 earnings released: EPS: €0.94 (vs €0.69 in 1H 2023) First half 2024 results: EPS: €0.94 (up from €0.69 in 1H 2023). Revenue: €162.8m (down 7.3% from 1H 2023). Net income: €9.99m (up 36% from 1H 2023). Profit margin: 6.1% (up from 4.2% in 1H 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Hospitality industry in Europe. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Major Estimate Revision • Jul 10
Consensus revenue estimates fall by 10% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €353.4m to €318.0m. EPS estimate fell from €1.15 to €0.64 per share. Net income forecast to shrink 3.7% next year vs 36% growth forecast for Hospitality industry in Switzerland . Consensus price target down from CHF30.70 to CHF26.00. Share price fell 8.7% to CHF18.72 over the past week. New Risk • May 27
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Swiss stocks, typically moving 6.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (6.8% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 92% Paying a dividend despite having no free cash flows. Reported Earnings • Apr 04
Full year 2023 earnings released: EPS: €0.65 (vs €1.37 loss in FY 2022) Full year 2023 results: EPS: €0.65 (up from €1.37 loss in FY 2022). Revenue: €327.9m (up 11% from FY 2022). Net income: €6.96m (up €21.1m from FY 2022). Profit margin: 2.1% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Hospitality industry in Europe. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. New Risk • Feb 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (5.3% average weekly change). Reported Earnings • Aug 06
First half 2023 earnings released: EPS: €0.69 (vs €1.37 in 1H 2022) First half 2023 results: EPS: €0.69 (down from €1.37 in 1H 2022). Revenue: €175.7m (up 13% from 1H 2022). Net income: €7.38m (down 50% from 1H 2022). Profit margin: 4.2% (down from 9.6% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Hospitality industry in Europe. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 14
Full year 2022 earnings released: €1.37 loss per share (vs €0.87 loss in FY 2021) Full year 2022 results: €1.37 loss per share (further deteriorated from €0.87 loss in FY 2021). Revenue: €294.4m (up 106% from FY 2021). Net loss: €15.2m (loss widened 58% from FY 2021). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CHF24.20, the stock trades at a trailing P/E ratio of 12.7x. Average trailing P/E is 20x in the Hospitality industry in Europe. Total returns to shareholders of 26% over the past three years. Annonce • Jan 24
lastminute.com N.V. to Report Fiscal Year 2022 Results on Feb 07, 2023 lastminute.com N.V. announced that they will report fiscal year 2022 results on Feb 07, 2023 Board Change • Dec 29
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 6 new directors. 2 experienced directors. No highly experienced directors. 1 independent director (5 non-independent directors). Independent Non-Executive Director Massimo Pedrazzini is the most experienced director on the board, commencing their role in 2021. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CHF19.80, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 18x in the Hospitality industry in Europe. Total loss to shareholders of 57% over the past three years. Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improved over the past week After last week's 20% share price gain to CHF25.65, the stock trades at a trailing P/E ratio of 13.6x. Average trailing P/E is 19x in the Hospitality industry in Europe. Total loss to shareholders of 37% over the past three years. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorated over the past week After last week's 19% share price decline to CHF16.16, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 18x in the Hospitality industry in Europe. Total loss to shareholders of 57% over the past three years. Reported Earnings • Aug 05
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (up €17.6m from 1H 2021). Profit margin: (up from net loss in 1H 2021). The move to profitability was driven by lower expenses. Over the next year, revenue is forecast to grow 23%, compared to a 34% growth forecast for the industry in Switzerland. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Annonce • May 16
lastminute.com N.V. to Report First Half, 2022 Results on Sep 09, 2022 lastminute.com N.V. announced that they will report first half, 2022 results on Sep 09, 2022 Buying Opportunity • Jan 24
Now 25% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be €47.33, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 30% per annum over the last 3 years. Earnings per share has declined by 96% per annum over the last 3 years. Reported Earnings • Aug 09
First half 2021 earnings released: €1.60 loss per share (vs €2.64 loss in 1H 2020) The company reported a decent first half result with reduced losses and improved control over expenses, although revenues were weaker. First half 2021 results: Revenue: €52.8m (down 22% from 1H 2020). Net loss: €17.6m (loss narrowed 40% from 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 134 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 28
Full year 2020 earnings released: €5.56 loss per share (vs €2.27 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €105.1m (down 70% from FY 2019). Net loss: €61.2m (down 345% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has increased by 35% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 25
New 90-day high: CHF27.60 The company is up 3.0% from its price of CHF26.90 on 27 November 2020. The Swiss market is also up 3.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Online Retail industry, which is up 8.0% over the same period. Executive Departure • Feb 20
Non-Executive Chairman Ottonel Popesco has left the company On the 15th of February, Ottonel Popesco's tenure in the role of Non-Executive Chairman ended. We don't have any record of a personal shareholding under Ottonel's name. Ottonel is the only executive to leave the company over the last 12 months. Annonce • Jan 16
lastminute.com N.V., Annual General Meeting, Jun 22, 2021 lastminute.com N.V., Annual General Meeting, Jun 22, 2021. Is New 90 Day High Low • Jan 04
New 90-day high: CHF27.10 The company is up 46% from its price of CHF18.55 on 06 October 2020. The Swiss market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 11% over the same period. Is New 90 Day High Low • Nov 13
New 90-day high: CHF22.00 The company is up 7.0% from its price of CHF20.60 on 14 August 2020. The Swiss market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Online Retail industry, which is up 10.0% over the same period. Is New 90 Day High Low • Oct 13
New 90-day low: CHF18.00 The company is down 19% from its price of CHF22.10 on 15 July 2020. The Swiss market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Online Retail industry, which is up 5.0% over the same period. Annonce • Aug 31
Bravofly B.V. announced that it has received funding from Ardian Bravofly B.V. announced that it has received funding from new investor, Ardian on October 24, 2012.