View Past PerformanceB-Gaming バランスシートの健全性財務の健全性 基準チェック /56B-Gamingの総株主資本はARS31.2B 、総負債はARS5.6Bで、負債比率は17.8%となります。総資産と総負債はそれぞれARS65.3BとARS34.2Bです。 B-Gamingの EBIT はARS23.0Bで、利息カバレッジ比率45.8です。現金および短期投資はARS11.4Bです。主要情報17.84%負債資本比率AR$5.56b負債インタレスト・カバレッジ・レシオ45.8x現金AR$11.42bエクイティAR$31.17b負債合計AR$34.15b総資産AR$65.32b財務の健全性に関する最新情報更新なしすべての更新を表示Recent updatesValuation Update With 7 Day Price Move • Jun 12Investor sentiment improves as stock rises 24%After last week's 24% share price gain to AR$370, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 18x in the IT industry globally. Total returns to shareholders of 333% over the past three years.Reported Earnings • Mar 18First quarter 2026 earnings released: EPS: AR$11.36 (vs AR$2.58 in 1Q 2025)First quarter 2026 results: EPS: AR$11.36 (up from AR$2.58 in 1Q 2025). Revenue: AR$20.8b (up 43% from 1Q 2025). Net income: AR$3.86b (up 340% from 1Q 2025). Profit margin: 19% (up from 6.0% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Oct 31Investor sentiment improves as stock rises 22%After last week's 22% share price gain to AR$239, the stock trades at a trailing P/E ratio of 15.7x. Average trailing P/E is 22x in the IT industry globally. Total returns to shareholders of 216% over the past three years.Reported Earnings • Sep 11Third quarter 2025 earnings released: EPS: AR$2.09 (vs AR$1.62 loss in 3Q 2024)Third quarter 2025 results: EPS: AR$2.09 (up from AR$1.62 loss in 3Q 2024). Revenue: AR$17.2b (up 81% from 3Q 2024). Net income: AR$710.5m (up AR$1.26b from 3Q 2024). Profit margin: 4.1% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 34% per year, which means it is well ahead of earnings.New Risk • Mar 25New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 0.1x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.1x net interest cover). Earnings have declined by 38% per year over the past 5 years. High level of non-cash earnings (49% accrual ratio). Minor Risk Market cap is less than US$100m (AR$67.4b market cap, or US$63.0m).Reported Earnings • Mar 14First quarter 2025 earnings released: EPS: AR$2.37 (vs AR$14.14 loss in 1Q 2024)First quarter 2025 results: EPS: AR$2.37 (up from AR$14.14 loss in 1Q 2024). Revenue: AR$13.4b (up 40% from 1Q 2024). Net income: AR$804.5m (up AR$5.57b from 1Q 2024). Profit margin: 6.0% (up from net loss in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 138 percentage points per year, which is a significant difference in performance.New Risk • Jan 26New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 3.7% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (3.7% operating cash flow to total debt). Earnings have declined by 44% per year over the past 5 years. Minor Risk Market cap is less than US$100m (AR$71.0b market cap, or US$67.9m).Reported Earnings • Jun 13Second quarter 2024 earnings released: AR$0.08 loss per share (vs AR$1.36 profit in 2Q 2023)Second quarter 2024 results: AR$0.08 loss per share (down from AR$1.36 profit in 2Q 2023). Revenue: AR$7.24b (up 55% from 2Q 2023). Net loss: AR$27.5m (down 106% from profit in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 147 percentage points per year, which is a significant difference in performance.New Risk • Mar 17New major risk - Revenue and earnings growthEarnings have declined by 14% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 Risk Earnings have declined by 14% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (AR$67.1b market cap, or US$78.8m).Reported Earnings • Mar 17First quarter 2024 earnings released: AR$10.24 loss per share (vs AR$1.00 profit in 1Q 2023)First quarter 2024 results: AR$10.24 loss per share (down from AR$1.00 profit in 1Q 2023). Revenue: AR$6.98b (up 100% from 1Q 2023). Net loss: AR$3.48b (down AR$3.82b from profit in 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance.Valuation Update With 7 Day Price Move • Mar 07Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to AR$188, the stock trades at a trailing P/E ratio of 67.7x. Average trailing P/E is 23x in the IT industry globally. Total returns to shareholders of 11% over the past three years.Valuation Update With 7 Day Price Move • Jan 23Investor sentiment improves as stock rises 16%After last week's 16% share price gain to AR$207, the stock trades at a trailing P/E ratio of 74.6x. Average trailing P/E is 22x in the IT industry globally. Total returns to shareholders of 39% over the past three years.Reported Earnings • Jan 13Full year 2023 earnings released: EPS: AR$2.78 (vs AR$2.93 in FY 2022)Full year 2023 results: EPS: AR$2.78 (down from AR$2.93 in FY 2022). Revenue: AR$22.2b (up 127% from FY 2022). Net income: AR$944.8m (down 5.1% from FY 2022). Profit margin: 4.3% (down from 10% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance.New Risk • Aug 14New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: AR$30.2b (US$86.2m) 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: Minor Risks Dividend is not well covered by cash flows (221% cash payout ratio). Profit margins are more than 30% lower than last year (2.5% net profit margin). Market cap is less than US$100m (AR$30.2b market cap, or US$86.2m).Reported Earnings • Jun 17Second quarter 2023 earnings released: EPS: AR$0.96 (vs AR$1.37 in 2Q 2022)Second quarter 2023 results: EPS: AR$0.96 (down from AR$1.37 in 2Q 2022). Revenue: AR$3.23b (up 41% from 2Q 2022). Net income: AR$326.9m (down 30% from 2Q 2022). Profit margin: 10% (down from 20% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance.Reported Earnings • Mar 17First quarter 2023 earnings releasedFirst quarter 2023 results: Revenue: AR$2.80b (up 54% from 1Q 2022). Net income: AR$271.9m (down 22% from 1Q 2022). Profit margin: 9.7% (down from 19% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance.Reported Earnings • Jan 14Full year 2022 earnings released: EPS: AR$2.93 (vs AR$6.15 in FY 2021)Full year 2022 results: EPS: AR$2.93 (down from AR$6.15 in FY 2021). Revenue: AR$9.78b (down 4.4% from FY 2021). Net income: AR$995.3m (down 52% from FY 2021). Profit margin: 10% (down from 20% in FY 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance.Valuation Update With 7 Day Price Move • Dec 28Investor sentiment improved over the past weekAfter last week's 16% share price gain to AR$98.00, the stock trades at a trailing P/E ratio of 34.6x. Average trailing P/E is 10x in the IT industry in South America. Total returns to shareholders of 40% over the past three years.Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Buying Opportunity • Jun 29Now 22% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be AR$65.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Earnings per share has declined by 32%.Buying Opportunity • May 30Now 20% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be AR$64.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Earnings per share has declined by 32%.Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Buying Opportunity • Apr 05Now 20% undervaluedOver the last 90 days, the stock is up 8.5%. The fair value is estimated to be AR$62.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Earnings per share has declined by 32%.Buying Opportunity • Mar 15Now 21% undervaluedOver the last 90 days, the stock is up 11%. The fair value is estimated to be AR$63.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% per annum over the last 3 years. Earnings per share has declined by 32% per annum over the last 3 years.Upcoming Dividend • Mar 03Upcoming dividend of AR$2.00 per shareEligible shareholders must have bought the stock before 09 March 2022. Payment date: 11 March 2022. The company is paying out more than 100% of its profits and is paying out 93% of its cash flow. Trailing yield: 6.9%. Within top quartile of Argentinean dividend payers (4.6%). Higher than average of industry peers (2.9%).Buying Opportunity • Feb 27Now 21% undervaluedOver the last 90 days, the stock is up 17%. The fair value is estimated to be AR$65.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% per annum over the last 3 years. Earnings per share has declined by 32% per annum over the last 3 years.Reported Earnings • Sep 19Third quarter 2021 earnings releasedThe company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: AR$1.10b (up 108% from 3Q 2020). Net income: AR$175.9m (up 145% from 3Q 2020). Profit margin: 16% (up from 14% in 3Q 2020). The increase in margin was driven by higher revenue.Valuation Update With 7 Day Price Move • May 29Investor sentiment deteriorated over the past weekAfter last week's 77% share price decline to AR$48.40, the stock trades at a trailing P/E ratio of 4.1x. Average trailing P/E is 25x in the IT industry in South America. Total loss to shareholders of 43% over the past year.Is New 90 Day High Low • Mar 03New 90-day high: AR$220The company is up 3.0% from its price of AR$213 on 02 December 2020. The Argentinean market is down 12% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the IT industry, which is up 26% over the same period.Valuation Update With 7 Day Price Move • Dec 01Market bids up stock over the past weekAfter last week's 17% share price gain to AR$210, the stock is trading at a trailing P/E ratio of 32.9x, up from the previous P/E ratio of 28.2x. This compares to an average P/E of 32x in the IT industry in South America. Total returns to shareholders over the past year are 203%.Is New 90 Day High Low • Nov 17New 90-day high: AR$181The company is up 36% from its price of AR$133 on 19 August 2020. The Argentinean market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 8.0% over the same period.Is New 90 Day High Low • Oct 31New 90-day high: AR$174The company is up 49% from its price of AR$117 on 31 July 2020. The Argentinean market is down 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 11% over the same period.Is New 90 Day High Low • Oct 16New 90-day high: AR$153The company is up 38% from its price of AR$111 on 17 July 2020. The Argentinean market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 4.0% over the same period.Is New 90 Day High Low • Sep 26New 90-day high: AR$136The company is up 22% from its price of AR$111 on 26 June 2020. The Argentinean market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 8.0% over the same period.Reported Earnings • Sep 26Third quarter earnings releasedOver the last 12 months the company has reported total profits of AR$319.6m, down 70% from the prior year. Total revenue was AR$2.02b over the last 12 months, down 48% from the prior year.Reported Earnings • Sep 24Third quarter earnings releasedOver the last 12 months the company has reported total profits of AR$433.0m, down 54% from the prior year. Total revenue was AR$2.40b over the last 12 months, down 32% from the prior year.財務状況分析短期負債: GAMIの 短期資産 ( ARS29.6B ) が 短期負債 ( ARS25.5B ) を超えています。長期負債: GAMIの短期資産 ( ARS29.6B ) が 長期負債 ( ARS8.6B ) を上回っています。デット・ツー・エクイティの歴史と分析負債レベル: GAMI総負債よりも多くの現金を保有しています。負債の削減: GAMIの負債対資本比率は、過去 5 年間で6.9%から17.8%に増加しました。債務返済能力: GAMIの負債は 営業キャッシュフロー によって 十分にカバー されています ( 588.6% )。インタレストカバレッジ: GAMIの負債に対する 利息支払い は EBIT ( 45.8 x coverage) によって 十分にカバーされています。貸借対照表健全な企業の発掘7D1Y7D1Y7D1YSoftware 業界の健全な企業。View Dividend企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/07/14 07:17終値2026/07/14 00:00収益2026/04/30年間収益2025/10/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋B-Gaming S.A. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
Valuation Update With 7 Day Price Move • Jun 12Investor sentiment improves as stock rises 24%After last week's 24% share price gain to AR$370, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 18x in the IT industry globally. Total returns to shareholders of 333% over the past three years.
Reported Earnings • Mar 18First quarter 2026 earnings released: EPS: AR$11.36 (vs AR$2.58 in 1Q 2025)First quarter 2026 results: EPS: AR$11.36 (up from AR$2.58 in 1Q 2025). Revenue: AR$20.8b (up 43% from 1Q 2025). Net income: AR$3.86b (up 340% from 1Q 2025). Profit margin: 19% (up from 6.0% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Oct 31Investor sentiment improves as stock rises 22%After last week's 22% share price gain to AR$239, the stock trades at a trailing P/E ratio of 15.7x. Average trailing P/E is 22x in the IT industry globally. Total returns to shareholders of 216% over the past three years.
Reported Earnings • Sep 11Third quarter 2025 earnings released: EPS: AR$2.09 (vs AR$1.62 loss in 3Q 2024)Third quarter 2025 results: EPS: AR$2.09 (up from AR$1.62 loss in 3Q 2024). Revenue: AR$17.2b (up 81% from 3Q 2024). Net income: AR$710.5m (up AR$1.26b from 3Q 2024). Profit margin: 4.1% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 34% per year, which means it is well ahead of earnings.
New Risk • Mar 25New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 0.1x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.1x net interest cover). Earnings have declined by 38% per year over the past 5 years. High level of non-cash earnings (49% accrual ratio). Minor Risk Market cap is less than US$100m (AR$67.4b market cap, or US$63.0m).
Reported Earnings • Mar 14First quarter 2025 earnings released: EPS: AR$2.37 (vs AR$14.14 loss in 1Q 2024)First quarter 2025 results: EPS: AR$2.37 (up from AR$14.14 loss in 1Q 2024). Revenue: AR$13.4b (up 40% from 1Q 2024). Net income: AR$804.5m (up AR$5.57b from 1Q 2024). Profit margin: 6.0% (up from net loss in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 138 percentage points per year, which is a significant difference in performance.
New Risk • Jan 26New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 3.7% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (3.7% operating cash flow to total debt). Earnings have declined by 44% per year over the past 5 years. Minor Risk Market cap is less than US$100m (AR$71.0b market cap, or US$67.9m).
Reported Earnings • Jun 13Second quarter 2024 earnings released: AR$0.08 loss per share (vs AR$1.36 profit in 2Q 2023)Second quarter 2024 results: AR$0.08 loss per share (down from AR$1.36 profit in 2Q 2023). Revenue: AR$7.24b (up 55% from 2Q 2023). Net loss: AR$27.5m (down 106% from profit in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 147 percentage points per year, which is a significant difference in performance.
New Risk • Mar 17New major risk - Revenue and earnings growthEarnings have declined by 14% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 Risk Earnings have declined by 14% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (AR$67.1b market cap, or US$78.8m).
Reported Earnings • Mar 17First quarter 2024 earnings released: AR$10.24 loss per share (vs AR$1.00 profit in 1Q 2023)First quarter 2024 results: AR$10.24 loss per share (down from AR$1.00 profit in 1Q 2023). Revenue: AR$6.98b (up 100% from 1Q 2023). Net loss: AR$3.48b (down AR$3.82b from profit in 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance.
Valuation Update With 7 Day Price Move • Mar 07Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to AR$188, the stock trades at a trailing P/E ratio of 67.7x. Average trailing P/E is 23x in the IT industry globally. Total returns to shareholders of 11% over the past three years.
Valuation Update With 7 Day Price Move • Jan 23Investor sentiment improves as stock rises 16%After last week's 16% share price gain to AR$207, the stock trades at a trailing P/E ratio of 74.6x. Average trailing P/E is 22x in the IT industry globally. Total returns to shareholders of 39% over the past three years.
Reported Earnings • Jan 13Full year 2023 earnings released: EPS: AR$2.78 (vs AR$2.93 in FY 2022)Full year 2023 results: EPS: AR$2.78 (down from AR$2.93 in FY 2022). Revenue: AR$22.2b (up 127% from FY 2022). Net income: AR$944.8m (down 5.1% from FY 2022). Profit margin: 4.3% (down from 10% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance.
New Risk • Aug 14New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: AR$30.2b (US$86.2m) 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: Minor Risks Dividend is not well covered by cash flows (221% cash payout ratio). Profit margins are more than 30% lower than last year (2.5% net profit margin). Market cap is less than US$100m (AR$30.2b market cap, or US$86.2m).
Reported Earnings • Jun 17Second quarter 2023 earnings released: EPS: AR$0.96 (vs AR$1.37 in 2Q 2022)Second quarter 2023 results: EPS: AR$0.96 (down from AR$1.37 in 2Q 2022). Revenue: AR$3.23b (up 41% from 2Q 2022). Net income: AR$326.9m (down 30% from 2Q 2022). Profit margin: 10% (down from 20% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance.
Reported Earnings • Mar 17First quarter 2023 earnings releasedFirst quarter 2023 results: Revenue: AR$2.80b (up 54% from 1Q 2022). Net income: AR$271.9m (down 22% from 1Q 2022). Profit margin: 9.7% (down from 19% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance.
Reported Earnings • Jan 14Full year 2022 earnings released: EPS: AR$2.93 (vs AR$6.15 in FY 2021)Full year 2022 results: EPS: AR$2.93 (down from AR$6.15 in FY 2021). Revenue: AR$9.78b (down 4.4% from FY 2021). Net income: AR$995.3m (down 52% from FY 2021). Profit margin: 10% (down from 20% in FY 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance.
Valuation Update With 7 Day Price Move • Dec 28Investor sentiment improved over the past weekAfter last week's 16% share price gain to AR$98.00, the stock trades at a trailing P/E ratio of 34.6x. Average trailing P/E is 10x in the IT industry in South America. Total returns to shareholders of 40% over the past three years.
Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Buying Opportunity • Jun 29Now 22% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be AR$65.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Earnings per share has declined by 32%.
Buying Opportunity • May 30Now 20% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be AR$64.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Earnings per share has declined by 32%.
Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Buying Opportunity • Apr 05Now 20% undervaluedOver the last 90 days, the stock is up 8.5%. The fair value is estimated to be AR$62.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Earnings per share has declined by 32%.
Buying Opportunity • Mar 15Now 21% undervaluedOver the last 90 days, the stock is up 11%. The fair value is estimated to be AR$63.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% per annum over the last 3 years. Earnings per share has declined by 32% per annum over the last 3 years.
Upcoming Dividend • Mar 03Upcoming dividend of AR$2.00 per shareEligible shareholders must have bought the stock before 09 March 2022. Payment date: 11 March 2022. The company is paying out more than 100% of its profits and is paying out 93% of its cash flow. Trailing yield: 6.9%. Within top quartile of Argentinean dividend payers (4.6%). Higher than average of industry peers (2.9%).
Buying Opportunity • Feb 27Now 21% undervaluedOver the last 90 days, the stock is up 17%. The fair value is estimated to be AR$65.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% per annum over the last 3 years. Earnings per share has declined by 32% per annum over the last 3 years.
Reported Earnings • Sep 19Third quarter 2021 earnings releasedThe company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: AR$1.10b (up 108% from 3Q 2020). Net income: AR$175.9m (up 145% from 3Q 2020). Profit margin: 16% (up from 14% in 3Q 2020). The increase in margin was driven by higher revenue.
Valuation Update With 7 Day Price Move • May 29Investor sentiment deteriorated over the past weekAfter last week's 77% share price decline to AR$48.40, the stock trades at a trailing P/E ratio of 4.1x. Average trailing P/E is 25x in the IT industry in South America. Total loss to shareholders of 43% over the past year.
Is New 90 Day High Low • Mar 03New 90-day high: AR$220The company is up 3.0% from its price of AR$213 on 02 December 2020. The Argentinean market is down 12% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the IT industry, which is up 26% over the same period.
Valuation Update With 7 Day Price Move • Dec 01Market bids up stock over the past weekAfter last week's 17% share price gain to AR$210, the stock is trading at a trailing P/E ratio of 32.9x, up from the previous P/E ratio of 28.2x. This compares to an average P/E of 32x in the IT industry in South America. Total returns to shareholders over the past year are 203%.
Is New 90 Day High Low • Nov 17New 90-day high: AR$181The company is up 36% from its price of AR$133 on 19 August 2020. The Argentinean market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 8.0% over the same period.
Is New 90 Day High Low • Oct 31New 90-day high: AR$174The company is up 49% from its price of AR$117 on 31 July 2020. The Argentinean market is down 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 11% over the same period.
Is New 90 Day High Low • Oct 16New 90-day high: AR$153The company is up 38% from its price of AR$111 on 17 July 2020. The Argentinean market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 4.0% over the same period.
Is New 90 Day High Low • Sep 26New 90-day high: AR$136The company is up 22% from its price of AR$111 on 26 June 2020. The Argentinean market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 8.0% over the same period.
Reported Earnings • Sep 26Third quarter earnings releasedOver the last 12 months the company has reported total profits of AR$319.6m, down 70% from the prior year. Total revenue was AR$2.02b over the last 12 months, down 48% from the prior year.
Reported Earnings • Sep 24Third quarter earnings releasedOver the last 12 months the company has reported total profits of AR$433.0m, down 54% from the prior year. Total revenue was AR$2.40b over the last 12 months, down 32% from the prior year.