Annuncio • May 14
BOA Concept SAS, Annual General Meeting, Jun 18, 2026 BOA Concept SAS, Annual General Meeting, Jun 18, 2026. Location: 22 rue de meons, saint etienne France New Risk • Apr 10
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. 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 Earnings have declined by 38% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Large one-off items impacting financial results. Market cap is less than US$100m (€12.1m market cap, or US$14.2m). Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €14.00, the stock trades at a trailing P/E ratio of 59.5x. Average trailing P/E is 20x in the Machinery industry in France. Total loss to shareholders of 53% over the past three years. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €18.75, the stock trades at a trailing P/E ratio of 79.5x. Average trailing P/E is 21x in the Machinery industry in France. Total loss to shareholders of 44% over the past three years. New Risk • Sep 22
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 French stocks, typically moving 6.8% 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 Earnings have declined by 5.5% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.4% net profit margin). Market cap is less than US$100m (€20.1m market cap, or US$23.6m). Annuncio • May 22
BOA Concept SAS, Annual General Meeting, Jun 26, 2025 BOA Concept SAS, Annual General Meeting, Jun 26, 2025. Location: 22 rue de meons, saint etienne France New Risk • Apr 11
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 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 June 2024 fiscal period end). Share price has been volatile over the past 3 months (8.4% average weekly change). Market cap is less than US$100m (€18.3m market cap, or US$20.8m). New Risk • Feb 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 French 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: Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Market cap is less than US$100m (€22.9m market cap, or US$23.7m). Reported Earnings • Sep 27
First half 2024 earnings released: €0.77 loss per share (vs €0.92 profit in 1H 2023) First half 2024 results: €0.77 loss per share (down from €0.92 profit in 1H 2023). Revenue: €4.61m (down 50% from 1H 2023). Net loss: €739.8k (down 184% from profit in 1H 2023). Valuation Update With 7 Day Price Move • Sep 11
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €17.60, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 17x in the Machinery industry in France. Total returns to shareholders of 3.0% over the past three years. Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €20.60, the stock trades at a trailing P/E ratio of 12.7x. Average trailing P/E is 20x in the Machinery industry in France. Total returns to shareholders of 40% over the past three years. New Risk • Jun 23
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 32% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (32% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (9.4% net profit margin). Market cap is less than US$100m (€24.9m market cap, or US$26.7m). Annuncio • May 26
BOA Concept SAS, Annual General Meeting, Jun 27, 2024 BOA Concept SAS, Annual General Meeting, Jun 27, 2024. Location: 22 rue de meons, saint etienne France New Risk • May 14
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). Market cap is less than US$100m (€23.5m market cap, or US$25.4m). Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €23.70, the stock trades at a trailing P/E ratio of 10.2x. Average forward P/E is 8x in the Machinery industry in France. Total loss to shareholders of 25% over the past year. Buying Opportunity • Oct 19
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 9.5%. The fair value is estimated to be €36.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has grown by 58%. Buying Opportunity • Sep 26
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be €35.67, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has grown by 58%. Reported Earnings • Apr 19
Full year 2022 earnings released Full year 2022 results: Revenue: €20.1m (up 34% from FY 2021). Net income: €2.90m (up 48% from FY 2021). Profit margin: 14% (up from 13% in FY 2021). The increase in margin was driven by higher revenue. Annuncio • Feb 17
BOA Concept SAS (ENXTPA:ALBOA) commences an Equity Buyback Plan for €2 million worth of its shares, under the authorization approved on June 30, 2022. BOA Concept SAS (ENXTPA:ALBOA) commences share repurchases on February 9, 2023, under the program mandated by the shareholders in the Ordinary General Meeting held on June 30, 2022. As per the mandate, the company is authorized to repurchase shares, such that the company’s holding in treasury together with the shares repurchased does not exceed 10% of its issued share capital at any point of time, for €2 million. The maximum purchase price per share by the company of its own shares may not exceed €75. The repurchased shares will be used for the implementation of stock option plans, free share allocation plans, employee shareholding operations reserved for members of a company savings plan, in accordance with legal provisions in force, or the allocation of shares for the benefit of employees and/or executive corporate officers of the Company and of companies affiliated with it, the delivery of shares upon the exercise of rights attached to securities giving access to the capital of the Company, to hedge the Company's commitments in respect of financial instruments relating in particular to the evolution of the price of the Company's shares, the retention of the shares and their subsequent delivery in payment or in exchange within the framework of any external growth, merger, demerger or contribution operations, the total or partial cancellation of the shares by reducing the share capital. The program is valid till December 29, 2023. Buying Opportunity • Dec 09
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 4.0%. The fair value is estimated to be €39.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 71% over the last year. Meanwhile, the company has become profitable. Reported Earnings • Oct 24
First half 2022 earnings released First half 2022 results: Net income: €1.49m (up €1.49m from 1H 2021). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Machinery industry in France. Reported Earnings • Apr 15
Full year 2021 earnings released Full year 2021 results: Revenue: €14.8m (up 138% from FY 2020). Net income: €2.00m (up €2.04m from FY 2020). Profit margin: 14% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. 
