Valuation Update With 7 Day Price Move • May 06
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €5.30, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 10x in the Media industry in Europe. Total loss to shareholders of 50% over the past three years. Annonce • Feb 17
LLYC Names Ibo Sanz as Global Chief Operating Officer of Marketing Solutions LLYC names Ibo Sanz global chief operating officer of marketing solutions, a newly created position. Since joining LLYC in 2021, Sanz has led the transformation of solutions and the development of the company's AI business. Before coming to the agency, he was chief strategy officer at tech, information and media company Finect and mobile commerce director at Vodafone. In his new post, Sanz will serve as the link between innovation and execution reliability, ensuring that the growth of the marketing solutions unit is supported by financial rigor and streamlined, effective processes. New Risk • Nov 17
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €84.2m (US$97.7m) 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 Latest financial reports are more than 1 year old (reported June 2023 fiscal period end). Minor Risk Market cap is less than US$100m (€84.2m market cap, or US$97.7m). New Risk • Aug 01
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 Spanish stocks, typically moving 4.3% 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: Major Risk Latest financial reports are more than 1 year old (reported June 2023 fiscal period end). Minor Risk Share price has been volatile over the past 3 months (4.3% average weekly change). Annonce • Aug 01
LLYC Updates Earnings Guidance for the Year 2025 LLYC updated earnings guidance for the year 2025. Taking into account the current scope of the business and performance to date, LLYC has updated its financial guidance for 2025. The company now expects to close the year with operating income between €106 and €114 million. Upcoming Dividend • Jul 10
Upcoming dividend of €0.17 per share Eligible shareholders must have bought the stock before 17 July 2025. Payment date: 21 July 2025. Trailing yield: 1.8%. Lower than top quartile of Spanish dividend payers (4.9%). Lower than average of industry peers (4.1%). Annonce • Jul 03
Llorente & Cuenca, S.A. (BME:LLYC) acquired the remaining 30% stake in Lambert Global, LLC. Llorente & Cuenca, S.A. (BME:LLYC) acquired the remaining 30% stake in Lambert Global, LLC on July 2, 2025. The purchase price for the remaining 30% will be paid all in LLYC shares and will depend on Lambert Global’s average net revenue performance over 2025 and 2026. The U.S. leadership team remains unchanged, with Mike Houston continuing as Chief Executive Officer and Jeff Lambert as Chair.
Llorente & Cuenca, S.A. (BME:LLYC) completed the acquisition of the remaining 30% stake in Lambert Global, LLC on July 2, 2025. Annonce • May 05
Llorente & Cuenca, S.A., Annual General Meeting, Jun 04, 2025 Llorente & Cuenca, S.A., Annual General Meeting, Jun 04, 2025. Location: calle lagasca 88, planta 3., madrid Spain New Risk • Apr 07
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €89.3m (US$97.6m) 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 Risks Latest financial reports are more than 1 year old (reported June 2023 fiscal period end). 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 (€89.3m market cap, or US$97.6m). New Risk • Feb 19
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 7.3% 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 Latest financial reports are more than 1 year old (reported June 2023 fiscal period end). Share price has been highly volatile over the past 3 months (7.3% average weekly change). Annonce • Jan 08
Rebeca Bamberger acquired 80% stake in REBECCA BAMBERGER WORKS, INC. from Llorente & Cuenca, S.A. (BME:LLYC) for $9 million. Rebeca Bamberger acquired 80% stake in REBECCA BAMBERGER WORKS, INC. from Llorente & Cuenca, S.A. (BME:LLYC) for $9 million on January 6, 2025. The transaction allows LLYC to fully recover the initial payment of $6.4 million made in March 2023 , as well as the costs associated with the transaction. The agreed price includes an initial cash payment of $2.5 million, which has already been made, and quarterly payments of $0.15 million until December 2030 and a one-time payment of $3.05 million plus interest before December 31, 2030.The agreement is subject to judicial supervision that ensures compliance with the agreed terms.
Rebeca Bamberger completed the acquisition of 80% stake in REBECCA BAMBERGER WORKS, INC. from Llorente & Cuenca, S.A. (BME:LLYC) on January 6, 2025. New Risk • Dec 30
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 Spanish stocks, typically moving 4.4% 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 Latest financial reports are more than 1 year old (reported June 2023 fiscal period end). Minor Risks Share price has been volatile over the past 3 months (4.4% average weekly change). Market cap is less than US$100m (€67.8m market cap, or US$70.4m). Annonce • Nov 22
LlLYC Appoints Luisa García as Global CEO of Corporate Affairs LLYC has taken another significant step in its transformation journey by appointing partner and former COO Luisa García as the Global CEO of Corporate Affairs. The Corporate Affairs business area accounts for 60% of the company's operating revenue. It offers solutions in corporate reputation and leadership, financial communication, corporate operations, crisis and risk management, ESG (environmental, social, and governance), people, talent and culture, public affairs, European affairs, advocacy, and corporate diplomacy. After successfully leading the company's corporate functions, Luisa has returned to oversee LLYC's core services. In her new role, she will focus on innovation and integrated solutions for Corporate Affairs—a portfolio with advanced technology and AI tools designed to empower clients to make informed decisions that meet stakeholder expectations. Recently recognized as one of Spain's most influential women by Forbes and YoDona, Luisa is a board member of LLYC S.A. and was named a José Antonio Llorente Foundation trustee earlier this year. Tiago Vidal, also an LLYC partner and former Chief Talent and Technology Officer, has been appointed Global Chief Operating Officer in addition to his existing responsibilities in Talent and IT. In this new role, Tiago will drive the company's growth and transformation strategy, overseeing marketing, communications, and ESG, as well as the integration team, which is critical for maximizing returns from the firm's inorganic growth. New Risk • Nov 06
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: 2.3% 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: Major Risk Latest financial reports are more than 1 year old (reported June 2023 fiscal period end). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€84.8m market cap, or US$90.7m). New Risk • Oct 09
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €90.4m (US$98.9m) 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 Latest financial reports are more than 1 year old (reported June 2023 fiscal period end). Minor Risk Market cap is less than US$100m (€90.4m market cap, or US$98.9m). Valuation Update With 7 Day Price Move • Oct 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €8.30, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 13x in the Media industry in Europe. Total loss to shareholders of 30% over the past three years. New Risk • Sep 22
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended June 2023. This is considered a major 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. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. This is currently the only risk that has been identified for the company. Annonce • May 17
Llorente & Cuenca, S.A. (BME:LLYC) announced an agreement to acquire 78.69% stake in Dattis Comunicaciones S.A.S. from Dario Vargas and other minority partners. Llorente & Cuenca, S.A. (BME:LLYC) announced an agreement to acquire 78.69% stake in Dattis Comunicaciones S.A.S. from Dario Vargas and other minority partners on May 16, 2024. LLYC is acquiring 78.69% of Dattis at a valuation of six times EBITDA. Andres Ortiz, Senior Partner, will retain the remaining 21.31%.Dattis will operate as Dattis by LLYC in 2024, alongside LLYC Colombia, with Andres Ortiz leading Dattis and Camila Gomez Pardo as President. Starting in 2025, under the LLYC brand, Ortiz, Gomez, and Alejandra Aljure, LLYC Colombia's current general manager, will lead the unified structure. New Risk • Apr 08
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. This is currently the only risk that has been identified for the company. Annonce • Feb 20
Llorente & Cuenca, S.A. (BME:LLYC) acquired 70% stake in Lambert & Co. for $18.2 million. Llorente & Cuenca, S.A. (BME:LLYC) acquired 70% stake in Lambert & Co. for $18.2 million on February 19, 2024. Under the terms of the agreement, LLYC is acquiring an initial 70 percent stake in the company for a price based on EBITDA performance in the next two years. There has been a payment of $18.2 million of the final price in advance. All Lambert partners will join LLYC, including Chairman and CEO Jeff Lambert. Jeff Lambert will join LLYC's Global Executive Committee, while Mike Houston and Jeff Lambert will both join the U.S. Executive Committee. LLYC. LLYC was advised by a team at Greenberg Traurig, P.A. led by Antonio Peña and Henry Roque. Lambert was advised by the Warner Norcross + Judd LLP team led by Michael Jones.
Llorente & Cuenca, S.A. (BME:LLYC) completed the acquisition of 70% stake in Lambert & Co. on February 19, 2024. Buy Or Sell Opportunity • Feb 08
Now 20% undervalued Over the last 90 days, the stock has risen 11% to €9.85. The fair value is estimated to be €12.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last year. Earnings per share has grown by 25%. Revenue is forecast to grow by 21% in 2 years. Earnings are forecast to grow by 45% in the next 2 years. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €9.90, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Media industry in Europe. Total returns to shareholders of 5.6% over the past year. Annonce • Jan 26
Llorente & Cuenca, S.A. Announces Boar Changes LLYC's Board of Directors has appointed Francisco Sanchez-Rivas as its new Chair. Sanchez-Rivas joined the board in 2020 and has been actively involved in the company's M&A strategy. He will continue to lead the strategy as Chair and be responsible for the relationship with institutional investors. Sanchez-Rivas has over 30 years of experience in investment banking, finance, and corporate strategy. He was a Director in the Corporate Finance department of Deloitte and then CEO of Edmond de Rothschild Corporate Finance for Spain and Portugal for almost ten years. In the last decade, he has directed several companies in the services, energy, agri-food, and technology sectors. Sanchez-Rivas is a graduate of Universidad Complutense de Madrid, has an MBA from IESE Business School, an AMP (Advanced Management Program) from Harvard Business School, and a Postgraduate Degree in Financial Markets from the London School of Economics and Political Science. Francisco is married and has four daughters. He is currently studying for a degree in English Literature at Oxford and enjoys art and literature as hobbies. LLYC's Board of Directors appointed Alfonso Callejo as an independent member. Callejo is recognized as one of Spain's top executives in talent management and human resources. He was Group Vice President of Human Resources for General Electric's global Energy business until 2023. Previously, he was General Director of Corporate Resources of the Acciona Group, Regional Vice President of Human Resources in several PepsiCo businesses in Europe and Latin America, and Director of Human Resources of Procter & GamblePortugal. Callejo was also President of the Spanish Association of Human Resources Directors. He holds a PhD in Spanish literature and is passionate about training and learning. Annonce • Jan 25
Llorente & Cuenca, S.A. Provides Earnings Guidance for the Year 2024 Llorente & Cuenca, S.A. provided earnings guidance for the year 2024. For the year, the company new budget forecasts an 8% increase in operating income to EUR 90 million. Notably, marketing is expected to account for 46% of revenues by the end of 2024, indicating significant growth potential in this practice. New Risk • Sep 25
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. 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 High level of non-cash earnings (23% accrual ratio). Minor Risk Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). New Risk • Sep 10
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. 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 High level of non-cash earnings (23% accrual ratio). Minor Risk Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Annonce • Sep 07
Llorente & Cuenca, S.A. to Report First Half, 2023 Results on Sep 21, 2023 Llorente & Cuenca, S.A. announced that they will report first half, 2023 results on Sep 21, 2023 Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to €11.50, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 12x in the Media industry in Europe. Total loss to shareholders of 12% over the past year. Annonce • Jan 28
Llorente & Cuenca, S.A. Provides Earnings Guidance for the Year 2023 Llorente & Cuenca, S.A. provided earnings guidance for the year 2023. LLYC expects to continue its growth this year, with its approved budget including 10% increases in both operating income (to €80 million). Total revenues are expected to rise 8%, reaching €96 million. Operating income will continue to be balanced across the firm’s three business units: 35% from Europe, 31% from the Americas, and 34% from Deep Digital Business. Board Change • Nov 16
Less than half of directors are independent There are 9 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 9 new directors. 3 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Elena Gonzalez-Blanco is the most experienced director on the board, commencing their role in 2021. Independent Director Barrie Berg was the last independent director to join the board, commencing their role in 2021. 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. Board Change • Apr 27
Less than half of directors are independent There are 9 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 9 new directors. 3 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Elena Gonzalez-Blanco is the most experienced director on the board, commencing their role in 2021. Independent Director Barrie Berg was the last independent director to join the board, commencing their role in 2021. 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. Reported Earnings • Mar 15
Full year 2021 earnings: Revenues exceed analyst expectations Full year 2021 results: Revenue: €64.1m (up 44% from FY 2020). Net income: €5.33m (up 135% from FY 2020). Profit margin: 8.3% (up from 5.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.0%. Over the next year, revenue is forecast to grow 28%, compared to a 735% growth forecast for the industry in Spain. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improved over the past week After last week's 15% share price gain to €13.25, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 15x in the Media industry in Europe. Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment improved over the past week After last week's 15% share price gain to €12.70, the stock trades at a trailing P/E ratio of 63.2x. Average trailing P/E is 18x in the Media industry in Europe. Annonce • Jul 24
Llorente & Cuenca, S.A. has completed an IPO in the amount of €10.001946 million. Llorente & Cuenca, S.A. has completed an IPO in the amount of €10.001946 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 1,065,170
Price\Range: €9.39