New Risk • May 22
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: €2.6m Forecast net loss in 3 years: €800k This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (60% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (€800k net loss in 3 years). Market cap is less than US$100m (€38.1m market cap, or US$44.2m). Annonce • May 14
Prodways Group SA, Annual General Meeting, Jun 17, 2026 Prodways Group SA, Annual General Meeting, Jun 17, 2026. Location: 10 bis rue du quatre septembre, paris France Buy Or Sell Opportunity • May 07
Now 54% overvalued after recent price rise Over the last 90 days, the stock has risen 63% to €0.81. The fair value is estimated to be €0.53, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 22% over the last 3 years. Meanwhile, the company became loss making. For the next 3 years, revenue is forecast to grow by 5.1% per annum. Earnings are also forecast to grow by 94% per annum over the same time period. Breakeven Date Change • May 02
Forecast breakeven date pushed back to 2027 The 3 analysts covering Prodways Group previously expected the company to break even in 2026. New consensus forecast suggests the company will make a profit of €300.0k in 2027. Average annual earnings growth of 94% is required to achieve expected profit on schedule. Buy Or Sell Opportunity • Apr 16
Now 44% overvalued after recent price rise Over the last 90 days, the stock has risen 34% to €0.71. The fair value is estimated to be €0.50, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 20% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Mar 30
Now 32% overvalued after recent price rise Over the last 90 days, the stock has risen 31% to €0.64. The fair value is estimated to be €0.49, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 20% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Mar 26
Full year 2025 earnings released Full year 2025 results: Revenue: €41.8m (down 29% from FY 2024). Net loss: €2.57m (down €3.12m from profit in FY 2024). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Machinery industry in Germany. New Risk • Mar 26
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 54% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (63% average weekly change). Earnings are forecast to decline by an average of 54% per year for the foreseeable future. Minor Risk Market cap is less than US$100m (€39.1m market cap, or US$45.2m). Buy Or Sell Opportunity • Mar 06
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 42% to €0.30. The fair value is estimated to be €0.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Jan 15
Now 43% undervalued The stock has been flat over the last 90 days, currently trading at €0.29. The fair value is estimated to be €0.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Meanwhile, the company became loss making. Annonce • May 20
Prodways Group SA, Annual General Meeting, Jun 25, 2025 Prodways Group SA, Annual General Meeting, Jun 25, 2025. Location: les locaux du lcl, 19 boulevard des italiens, paris France Annonce • Dec 21
Prodways Group SA to Report Fiscal Year 2024 Results on Mar 13, 2025 Prodways Group SA announced that they will report fiscal year 2024 results After-Market on Mar 13, 2025 Board Change • Oct 24
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. Observer Loic Le Berre was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Aug 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Independent Director Michele Lesieur was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jun 13
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Independent Director Michele Lesieur was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • May 06
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Independent Director Michele Lesieur was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annonce • Apr 06
Prodways Group SA to Report Q1, 2024 Results on Apr 18, 2024 Prodways Group SA announced that they will report Q1, 2024 results on Apr 18, 2024 Reported Earnings • Mar 20
Full year 2023 earnings released: €0.27 loss per share (vs €0.029 profit in FY 2022) Full year 2023 results: €0.27 loss per share (down from €0.029 profit in FY 2022). Revenue: €75.9m (down 7.9% from FY 2022). Net loss: €14.0m (down €15.5m from profit in FY 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 36% per year, which means it is significantly lagging earnings. Board Change • Mar 14
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Independent Director Michele Lesieur was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jan 26
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Independent Director Michele Lesieur was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Nov 13
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). Independent Director Michele Lesieur was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €1.80, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 12x in the Machinery industry in Germany. Total returns to shareholders of 1.4% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.12 per share. New Risk • Jun 16
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €79.4m (US$86.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risk Market cap is less than US$100m (€79.4m market cap, or US$86.7m). Valuation Update With 7 Day Price Move • May 17
Investor sentiment deteriorates as stock falls 36% After last week's 36% share price decline to €2.05, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 12x in the Machinery industry in Germany. Total returns to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.25 per share. Board Change • May 17
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Michele Lesieur was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Michele Lesieur was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Oct 24
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Michele Lesieur was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Sep 15
First half 2022 earnings released: EPS: €0.068 (vs €0.006 loss in 1H 2021) First half 2022 results: EPS: €0.068 (up from €0.006 loss in 1H 2021). Revenue: €43.7m (up 26% from 1H 2021). Net income: €3.47m (up €3.79m from 1H 2021). Profit margin: 7.9% (up from net loss in 1H 2021). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Board Change • Aug 11
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Michele Lesieur was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annonce • Jul 08
Prodways Group SA (ENXTPA:PWG) acquired Auditech Innovations. Prodways Group SA (ENXTPA:PWG) acquired Auditech Innovations on July 6, 2022. Auditech Innovations has sales of approximately €3 million in 2021 with an operating margin similar to that of Prodways Group.Prodways Group SA (ENXTPA:PWG) completed the acquisition of Auditech Innovations on July 6, 2022. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Michele Lesieur was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 24
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Michele Lesieur was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Breakeven Date Change • Feb 23
Forecast breakeven date pushed back to 2022 The 5 analysts covering Prodways Group previously expected the company to break even in 2021. New consensus forecast suggests the company will make a profit of €3.46m in 2022. Average annual earnings growth of 60% is required to achieve expected profit on schedule. Board Change • Feb 23
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Michele Lesieur was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Breakeven Date Change • Jan 19
Forecast breakeven date pushed back to 2022 The 5 analysts covering Prodways Group previously expected the company to break even in 2021. New consensus forecast suggests the company will make a profit of €3.79m in 2022. Average annual earnings growth of 73% is required to achieve expected profit on schedule. Board Change • Jan 19
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Michele Lesieur was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.