Valuation Update With 7 Day Price Move • May 28
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €1.14, the stock trades at a trailing P/E ratio of 13.8x. Average trailing P/E is 20x in the Professional Services industry in Europe. Total loss to shareholders of 15% over the past three years. New Risk • May 24
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 4.0% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. 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 (5.7% average weekly change). Market cap is less than US$100m (€17.7m market cap, or US$20.5m). Annonce • May 22
Catenon, S.A. announces Annual dividend, payable on May 22, 2026 Catenon, S.A. announced Annual dividend of EUR 0.0324 per share payable on May 22, 2026, ex-date on May 19, 2026 and record date on May 20, 2026. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €1.15, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 19x in the Professional Services industry in Europe. Total loss to shareholders of 17% over the past three years. Annonce • Apr 07
Catenon, S.A., Annual General Meeting, May 07, 2026 Catenon, S.A., Annual General Meeting, May 07, 2026. Location: paseo de la castellana 259, torre de cristal, planta 19, madrid, Spain Buy Or Sell Opportunity • Mar 30
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.0% to €0.93. The fair value is estimated to be €1.17, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Buy Or Sell Opportunity • Mar 12
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to €0.93. The fair value is estimated to be €1.17, however this is not to be taken as a buy recommendation but rather should be used as a guide only. New Risk • Sep 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. 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 December 2024 fiscal period end). Share price has been volatile over the past 3 months (6.1% average weekly change). Market cap is less than US$100m (€19.6m market cap, or US$23.1m). Annonce • May 12
Catenon, S.A., Annual General Meeting, Jun 12, 2025 Catenon, S.A., Annual General Meeting, Jun 12, 2025. Location: casa club, calle pinar 17., madrid Spain New Risk • Feb 07
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 Spanish stocks, typically moving 6.6% 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 Risk Share price has been highly volatile over the past 3 months (6.6% average weekly change). Minor Risk Market cap is less than US$100m (€14.3m market cap, or US$14.9m). Annonce • May 20
Catenon, S.A., Annual General Meeting, Jun 20, 2024 Catenon, S.A., Annual General Meeting, Jun 20, 2024. Location: paseo de la castellana 259, torre de cristal, planta 19, madrid Spain Buy Or Sell Opportunity • May 06
Now 45% overvalued after recent price rise Over the last 90 days, the stock has risen 9.1% to €0.84. The fair value is estimated to be €0.58, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Meanwhile, the company has become profitable. New Risk • Apr 12
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: Major Risk Share price has been highly volatile over the past 3 months (7.3% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Short dividend paying track record (1 year of continuous dividend payments). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.1% net profit margin). Market cap is less than US$100m (€12.7m market cap, or US$13.6m). Buy Or Sell Opportunity • Mar 07
Now 24% overvalued Over the last 90 days, the stock has fallen 30% to €0.71. The fair value is estimated to be €0.57, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Jan 30
Now 21% overvalued Over the last 90 days, the stock has fallen 3.5% to €0.82. The fair value is estimated to be €0.68, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Price Target Changed • Nov 03
Price target decreased by 26% to €1.85 Down from €2.50, the current price target is provided by 1 analyst. New target price is 112% above last closing price of €0.88. Stock is down 35% over the past year. The company is forecast to post earnings per share of €0.14 for next year compared to €0.074 last year. New Risk • Oct 09
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 68% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (6.6% average weekly change). Minor Risks Short dividend paying track record (less than a year of continuous dividend payments). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.1% net profit margin). Market cap is less than US$100m (€16.4m market cap, or US$17.4m). Buying Opportunity • Aug 24
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 26%. The fair value is estimated to be €1.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Meanwhile, the company has become profitable. Buying Opportunity • Jun 26
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 5.4%. The fair value is estimated to be €1.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €1.33, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 16x in the Professional Services industry in Europe. Total returns to shareholders of 339% over the past three years. Board Change • Nov 16
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. 5 experienced directors. No highly experienced directors. Independent Director Eduardo Montes Perez was the last 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: Insufficient board refreshment. Price Target Changed • Apr 27
Price target increased to €2.50 Up from €2.08, the current price target is provided by 1 analyst. New target price is 22% above last closing price of €2.05. Stock is up 177% over the past year. The company is forecast to post earnings per share of €0.068 next year compared to a net loss per share of €0.10 last year. Board Change • Apr 27
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. 5 experienced directors. No highly experienced directors. Independent Director Eduardo Montes Perez was the last 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: Insufficient board refreshment. Board Change • Feb 02
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. 5 experienced directors. No highly experienced directors. Independent Director Eduardo Montes Perez was the last 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: Insufficient board refreshment. Is New 90 Day High Low • Jan 05
New 90-day high: €0.34 The company is up 24% from its price of €0.28 on 07 October 2020. The Spanish market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is up 6.0% over the same period. Is New 90 Day High Low • Nov 11
New 90-day high: €0.34 The company is up 12% from its price of €0.30 on 13 August 2020. The Spanish market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is up 4.0% over the same period. Is New 90 Day High Low • Sep 19
New 90-day low: €0.27 The company is down 9.0% from its price of €0.30 on 19 June 2020. The Spanish market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Professional Services industry, which is up 6.0% over the same period.