This company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsBelieve（8T6）株式概要Believe S.A.は、フランス、ドイツ、その他のヨーロッパ諸国、アメリカ大陸、アジア、オセアニア、太平洋地域で、インディペンデント・レーベルや地元アーティスト向けにデジタル音楽サービスを提供している。 詳細8T6 ファンダメンタル分析スノーフレーク・スコア評価0/6将来の成長0/6過去の実績0/6財務の健全性5/6配当金0/6報酬過去5年間の収益は年間13.7%増加しました。 リスク分析リスクチェックの結果、8T6 、リスクは検出されなかった。すべてのリスクチェックを見る8T6 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value€Current Price€16.9466.4% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-30m2b2016201920222025202620282031Revenue €2.4bEarnings €305.1mAdvancedSet Fair ValueView all narrativesBelieve S.A. 競合他社Borussia Dortmund GmbH Kommanditgesellschaft auf AktienSymbol: XTRA:BVBMarket cap: €343.8mCTS Eventim KGaASymbol: XTRA:EVDMarket cap: €5.4bDEAG Deutsche EntertainmentSymbol: HMSE:LOUMarket cap: €67.2mEdel SE KGaASymbol: XTRA:EDLMarket cap: €96.6m価格と性能株価の高値、安値、推移の概要Believe過去の株価現在の株価€16.9452週高値€17.2652週安値€13.40ベータ1.241ヶ月の変化0.24%3ヶ月変化12.33%1年変化23.11%3年間の変化77.10%5年間の変化n/aIPOからの変化-2.08%最新ニュースお知らせ • Apr 17TCMI Inc., EQT X, a fund managed by EQT AB (publ) and Denis Ladegaillerie proposed to acquire remaining 3.35% stake in Believe S.A. (ENXTPA:BLV) for €51.6 million.TCMI Inc., EQT X, a fund managed by EQT AB (publ) and Denis Ladegaillerie proposed to acquire remaining 3.35% stake in Believe S.A. (ENXTPA:BLV) for €51.6 million on April 15, 2025. A cash consideration valued at €15.3 per share will be paid. The board of Believe unanimously favorably welcomed Upbeat BidCo’s intention to file the Offer The transaction is subject to AMF clearance. The Board of Directors of Believe S.A. established an ad hoc Committee for the transaction. The Offer will be filed with the AMF today and, subject to the AMF’s clearance decision, is expected to be open during the second quarter of 2025. After the closing of the Offer, Upbeat BidCo will implement the Squeeze-Out, as the minority shareholders hold less than 10% of the capital and voting rights of Believe. The minority shareholders shall receive a compensation equal to the Offer price in the context of the Squeeze-Out. Olivier Péronne of FINEXSI, SA, Financial Advisory Arm acted as fairness opinion provider for Believe S.A.お知らせ • Dec 30Believe S.A. to Report First Half, 2025 Results on Jul 31, 2025Believe S.A. announced that they will report first half, 2025 results on Jul 31, 2025お知らせ • Aug 07Believe S.A. (ENXTPA:BLV) signed Share Transfer Agreement to acquire remaining 40% stake in Dogan Müzik Yapim Ve Ticaret A.S. from Dogan Sirketler Grubu Holding A.S. (IBSE:DOHOL) for €38.27 million.Believe S.A. (ENXTPA:BLV) signed Share Transfer Agreement to acquire remaining 40% stake in Dogan Müzik Yapim Ve Ticaret A.S. from Dogan Sirketler Grubu Holding A.S. (IBSE:DOHOL) for €38.27 million on August 6, 2024. The transaction is expected to be completed once all closing conditions, including approval by the Competition Authority, are fulfilled.Reported Earnings • Aug 05First half 2024 earnings releasedFirst half 2024 results: €0.07 loss per share. Revenue: €474.1m (up 14% from 1H 2023). Net loss: €7.57m (down €7.90m from profit in 1H 2023). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Entertainment 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 7% per year, which means it is significantly lagging earnings.お知らせ • Aug 02Believe S.A. to Report Fiscal Year 2024 Results on Mar 13, 2025Believe S.A. announced that they will report fiscal year 2024 results After-Market on Mar 13, 2025お知らせ • Jul 09Believe S.A. (ENXTPA:BLV) acquired 25% stake in Global Records SRL.Believe S.A. (ENXTPA:BLV) acquired 25% stake in Global Records SRL on July 8, 2024. Believe S.A. (ENXTPA:BLV) completed the acquisition of 25% stake in Global Records SRL on July 8, 2024.最新情報をもっと見るRecent updatesお知らせ • Apr 17TCMI Inc., EQT X, a fund managed by EQT AB (publ) and Denis Ladegaillerie proposed to acquire remaining 3.35% stake in Believe S.A. (ENXTPA:BLV) for €51.6 million.TCMI Inc., EQT X, a fund managed by EQT AB (publ) and Denis Ladegaillerie proposed to acquire remaining 3.35% stake in Believe S.A. (ENXTPA:BLV) for €51.6 million on April 15, 2025. A cash consideration valued at €15.3 per share will be paid. The board of Believe unanimously favorably welcomed Upbeat BidCo’s intention to file the Offer The transaction is subject to AMF clearance. The Board of Directors of Believe S.A. established an ad hoc Committee for the transaction. The Offer will be filed with the AMF today and, subject to the AMF’s clearance decision, is expected to be open during the second quarter of 2025. After the closing of the Offer, Upbeat BidCo will implement the Squeeze-Out, as the minority shareholders hold less than 10% of the capital and voting rights of Believe. The minority shareholders shall receive a compensation equal to the Offer price in the context of the Squeeze-Out. Olivier Péronne of FINEXSI, SA, Financial Advisory Arm acted as fairness opinion provider for Believe S.A.お知らせ • Dec 30Believe S.A. to Report First Half, 2025 Results on Jul 31, 2025Believe S.A. announced that they will report first half, 2025 results on Jul 31, 2025お知らせ • Aug 07Believe S.A. (ENXTPA:BLV) signed Share Transfer Agreement to acquire remaining 40% stake in Dogan Müzik Yapim Ve Ticaret A.S. from Dogan Sirketler Grubu Holding A.S. (IBSE:DOHOL) for €38.27 million.Believe S.A. (ENXTPA:BLV) signed Share Transfer Agreement to acquire remaining 40% stake in Dogan Müzik Yapim Ve Ticaret A.S. from Dogan Sirketler Grubu Holding A.S. (IBSE:DOHOL) for €38.27 million on August 6, 2024. The transaction is expected to be completed once all closing conditions, including approval by the Competition Authority, are fulfilled.Reported Earnings • Aug 05First half 2024 earnings releasedFirst half 2024 results: €0.07 loss per share. Revenue: €474.1m (up 14% from 1H 2023). Net loss: €7.57m (down €7.90m from profit in 1H 2023). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Entertainment 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 7% per year, which means it is significantly lagging earnings.お知らせ • Aug 02Believe S.A. to Report Fiscal Year 2024 Results on Mar 13, 2025Believe S.A. announced that they will report fiscal year 2024 results After-Market on Mar 13, 2025お知らせ • Jul 09Believe S.A. (ENXTPA:BLV) acquired 25% stake in Global Records SRL.Believe S.A. (ENXTPA:BLV) acquired 25% stake in Global Records SRL on July 8, 2024. Believe S.A. (ENXTPA:BLV) completed the acquisition of 25% stake in Global Records SRL on July 8, 2024.New Risk • Jun 26New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company.お知らせ • Jun 25Believe SA Appoints Andrew Fisher as Non-Executive DirectorNon-Executive Director and Chair Andrew Fisher has been appointed as a non-executive director of Believe SA with effect from 21 June 2024. Andrew will also be a member of their Audit and CSR Committees.New Risk • Apr 09New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 9.8% 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. This is currently the only risk that has been identified for the company.お知らせ • Apr 08Warner Music Drops Plans to Bid for France's BelieveWarner Music Group Corp. (NasdaqGS:WMG) will not submit an offer to acquire French digital music Believe S.A. (ENXTPA:BLV), the music label said in a statement on April 6, 2024. Warner Music had revealed plans last month to submit a bid of at least €17 ($18.42) per share for Believe, valuing it at €1.65 billion ($1.79 billion), topping an earlier takeover bid from a consortium. The consortium, made up of Believe's shareholders, had offered €15 per share for the company, pegging its value at around €1.52 billion, an offer that was backed by the company's board of directors. Believe said in a statement it will ‘review the situation with all interested parties (including the consortium) to determine next steps in relation to the possible evolution of the company’s control’.Reported Earnings • Mar 15Full year 2023 earnings released: €0.06 loss per share (vs €0.31 loss in FY 2022)Full year 2023 results: €0.06 loss per share (improved from €0.31 loss in FY 2022). Revenue: €880.3m (up 16% from FY 2022). Net loss: €5.48m (loss narrowed 82% from FY 2022). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Entertainment industry in Germany.お知らせ • Mar 14Believe S.A., Annual General Meeting, Jun 26, 2024Believe S.A., Annual General Meeting, Jun 26, 2024.お知らせ • Mar 12Warner Music Discloses Interest in Buying French BelieveWarner Music Group Corp. (NasdaqGS:WMG) confirmed it has offered to acquire French record label Believe S.A. (ENXTPA:BLV) at a total equity valuation of no less than EUR 1.65 billion (USD 1.80bn). A potential transaction could value the target company at least EUR 17 per share, based on currently available public information, the suitor said in a statement on March 07, 2024. WMG’s statement came shortly after Believe last month announced that a consortium led by founder and CEO Denis Ladegaillerie, Swedish private equity firm EQT AB and the company's largest shareholder, US venture capital firm TCV, has agreed to acquire a majority stake in the business at EUR 15 per share and then launch a mandatory tender offer to buy the rest of the shares. The US firm noted further in the press release that as opposed to the purely financial transaction contemplated by the consortium, WMG “would provide Believe with strategic support and financial stability to help the development and growth of the Company, including by accelerating its expansion into new geographies. In addition, WMG envisages financial terms that would be more attractive than those announced by the consortium”.お知らせ • Feb 13Denis Ladegaillerie, EQT X a fund managed by EQT AB (publ) (OM:EQT) and TCMI Inc. agreed to acquire 71.92% stake in Believe S.A. (ENXTPA:BLV) from Xange Private Equity, S.A., Ventech Capital III a fund managed by Ventech SA, Tcv Luxco Bd S.À R.L. and Denis Ladegaillerie for €1.04 billion.Denis Ladegaillerie, EQT X a fund managed by EQT AB (publ) (OM:EQT) and TCMI Inc. agreed to acquire 71.92% stake in Believe S.A. (ENXTPA:BLV) from Xange Private Equity, S.A., Ventech Capital III a fund managed by Ventech SA, Tcv Luxco Bd S.À R.L. and Denis Ladegaillerie for €1.04 billion on February 11, 2024. BidCo would acquire from TCV Luxco BD S.à r.l., XAnge and Ventech, historical shareholders of Believe, the shares they own in Believe’s capital, representing respectively 41.14%, 6.29% and 12.03% of the capital and 42.85%, 3.93%, and 15.05% of the voting rights. In addition, it is contemplated that Denis Ladegaillerie, the founder, would contribute a portion of his Company shares to BidCo (representing 11.17% of the share capital) and sell the remaining portion (representing 1.29% of the share capital) to BidCo, representing in the aggregate 12.46% of the share capital and 15.59% of the voting rights of the Company. The Consortium has also obtained from other shareholders of the Company undertakings to tender their shares in the Offer. These acquisitions would be completed following the receipt of required regulatory approvals, the issuance of a fairness opinion from the independent expert confirming the fairness of the take private offer and the issuance by the Company’s board of directors (the “Board”) of its recommendation with respect to the Offer, following consultation of the Company’s works council. Following these acquisitions, the Consortium would file a mandatory tender offer, at a price of 15 euros in cash, for the remaining shares of Believe outstanding at the time and, if the legal conditions are met at the end of the offer, will request the implementation of a squeeze-out procedure. On February 11, 2024, the Board of Directors of Believe unanimously welcomed the proposed transaction, without prejudice to the reasoned opinion to be issued by the Board following the submission of the report of the independent expert. the Board of Directors of Believe has appointed Ledouble, represented by its partners Agnès Piniot and Romain Delafont, to act as the independent expert and establish a report on the financial conditions of the Offer, Believe has appointed Citigroup Global Markets Europe AG and Gide Loyrette Nouel as financial and legal advisers to assist the Company and the ad-hoc committee of the Board of Directors in their evaluation of the Offer.お知らせ • Feb 09Believe Further Expands in Japan, Unveils New Imprint Dedicated to Championing Japanese Hip-hop with Y=ellow Bucks, Red Eye, and Issei Uno FifthBelieve announced the launch of 'PLAYCODE', a new imprint dedicated to championing the growing Japanese hip-hop music scene, including partnering with some of Japan's leading acts: Y=ellow Bucks, Red Eye, and Issei Uno Fifth. This launch marks a new step in believe believe's expansion in Japan, less than a year since it began operating in the country, in October 2023. As part of believe Japan's Artist Services offering, 'PLAYCODE' aims at nurturing the booming local hip-hop music scene. It will combine believe's unique digital artist development capacities - strategic, marketing and financial support -, unrivalled local hip-hop expertise, and long-term partnerships with key digital players to accompany its artists at all stages of their careers reach wider audiences and grow their careers locally and internationally. With +450K monthly listeners on Spotify and 66,7K followers on YouTube, ¥ellow Bucks is one of the most influential hip-hop artists in Japan, whose breakthrough hit ‘YESSIR’ cumulates +36M views on YouTube and +25M listens on Spotify to date. After Red Eye winning the 16th High School Rap Championship in 2019, Red Eye has become a force to be reckoned within the hip-hop music scene, cumulating over 500K followers across all social platforms, with his ‘POCKET’ series reaching +8 million streams. Issei Uno Fifth’s massive hit ‘SLIDE’ gained popularity on TikTok, reaching +1.6M streams on Spotify and leading him to be one of the winners of TikTok’s Spotlight Programme. After creating a series of hip-hop focused imprints in Thailand (bYOND), Italy (MAST) and France (Avant-Garde, AllPoints and Morning Glory), the launch of ‘PLAYCODE’ confirms Believe’s long-lasting commitment to nurture and drive hip-hop independent artists to their utmost level all around the world, all the while remaining in full control of their creative freedom and careers.Buying Opportunity • Jan 05Now 21% undervaluedOver the last 90 days, the stock is up 23%. The fair value is estimated to be €12.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last year. Earnings per share has grown by 8.3%.New Risk • Oct 26New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 8.7% 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. This is currently the only risk that has been identified for the company.Reported Earnings • Aug 07First half 2023 earnings releasedFirst half 2023 results: Revenue: €415.4m (up 18% from 1H 2022). Net income: €334.0k (up €8.80m from 1H 2022). Profit margin: 0.1% (up from net loss in 1H 2022). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Entertainment industry in Germany.Reported Earnings • Mar 19Full year 2022 earnings released: €0.31 loss per share (vs €0.34 loss in FY 2021)Full year 2022 results: €0.31 loss per share (improved from €0.34 loss in FY 2021). Revenue: €760.8m (up 32% from FY 2021). Net loss: €29.8m (flat on FY 2021). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Entertainment industry in Germany.お知らせ • Feb 15Believe S.A., Annual General Meeting, Jun 16, 2023Believe S.A., Annual General Meeting, Jun 16, 2023.Board Change • Nov 16High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Independent Director Kathleen O’Riordan is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.お知らせ • Nov 05Believe S.A. Provides Earnings Guidance for the Year 2022Believe S.A. provided earnings guidance for the year 2022. For the year 2022, the company expects an organic revenue growth in excess of 30%, reflecting resilient pet streaming and stabilization of extended growth as it has been the case since the month of June 22.お知らせ • Aug 04+ 2 more updatesBelieve S.A. to Report Q2, 2023 Results on Aug 02, 2023Believe S.A. announced that they will report Q2, 2023 results on Aug 02, 2023お知らせ • Apr 13Believe Names Alex Kennedy as Managing Director for the UKBelieve announced the appointment of Alex Kennedy as Managing Director for the UK. Reporting to Denis Ladegaillerie, Founder and CEO of Believe, Kennedy will lead the three business lines that Believe operates in the UK: Premium Solutions (including Label and Artist Solutions and Artist Services) and Automated Solutions (TuneCore), with a focus on finetuning Believe’s M&A strategy in the region. In this role, Kennedy will be responsible for defining the best strategies to accelerate growth, putting Believe’s unparalleled digital know-how and expertise at the service of UK artists and labels and continue to strengthen high quality relations with DSPs. Past key roles include Chief Commercial Officer at D2C platform Music Glue, Head of Commercial Development at Sky Tickets, Head of Music Licensing at Sky TV, Head of Publishing at Omnifone; as well as Founder and C.O.O of Retail Tech business Givvit and managing the music artist Doc Brown (Ben Bailey Smith).お知らせ • Jan 06Believe Société anonyme (ENXTPA:BLV) acquired 51% stake in Jo&Co.Believe Société anonyme (ENXTPA:BLV) acquired 51% stake in Jo&Co on January 4, 2022. Jo&Co's Founder, Sébastien Saussez, will continue managing the label. Believe Société anonyme (ENXTPA:BLV) completed the acquisition of 51% stake in Jo&Co on January 4, 2022.株主還元8T6DE EntertainmentDE 市場7D0%1.2%3.2%1Y23.1%-46.4%2.5%株主還元を見る業界別リターン: 8T6過去 1 年間で-46.4 % の収益を上げたGerman Entertainment業界を下回りました。リターン対市場: 8T6は、過去 1 年間で2.5 % のリターンをもたらしたGermanマーケットと一致しました。価格変動Is 8T6's price volatile compared to industry and market?8T6 volatility8T6 Average Weekly Movement3.7%Entertainment Industry Average Movement8.2%Market Average Movement6.1%10% most volatile stocks in DE Market13.3%10% least volatile stocks in DE Market2.7%安定した株価: 8T6 、 German市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 8T6の 週次ボラティリティ ( 4% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト20051,951Denis Ladegailleriewww.believe.comBelieve S.A.は、フランス、ドイツ、その他のヨーロッパ諸国、アメリカ大陸、アジア、オセアニア、太平洋地域で、インディペンデント・レーベルや地元アーティスト向けにデジタル音楽サービスを提供している。プレミアムソリューションとオートメーテッドソリューションの2つのセグメントで事業を展開している。同社は、アーティストやレーベルがデジタル・プラットフォームやソーシャルメディア上でカタログを展開することにより提供するデジタル・コンテンツの販売、プロモーション、配信、著作権の管理、広告、映画、シリーズ、ビデオゲーム、テレビにおける録音音楽の使用からなるシンクロナイゼーション・サービスの提供、音楽イベントの開催などを行っている。また、アーティストがストリーミングやソーシャル・メディア・プラットフォームにオーディオ・コンテンツを自動配信するためのTuneCoreデジタル・プラットフォームも提供している。Believe S.A.は2005年に設立され、フランスのパリに本社を置いている。もっと見るBelieve S.A. 基礎のまとめBelieve の収益と売上を時価総額と比較するとどうか。8T6 基礎統計学時価総額€1.73b収益（TTM）-€3.05m売上高(TTM)€988.83m1.8xP/Sレシオ-567.2xPER（株価収益率8T6 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計8T6 損益計算書（TTM）収益€988.83m売上原価€721.58m売上総利益€267.25mその他の費用€270.30m収益-€3.05m直近の収益報告Dec 31, 2024次回決算日該当なし一株当たり利益（EPS）-0.03グロス・マージン27.03%純利益率-0.31%有利子負債／自己資本比率0.3%8T6 の長期的なパフォーマンスは？過去の実績と比較を見るView Valuation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2025/08/06 01:45終値2025/07/22 00:00収益2024/12/31年間収益2024/12/31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本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、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。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Believe 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。5 アナリスト機関Christophe CherblancBernsteinNicolas LangletBNP ParibasLisa YangGoldman Sachs2 その他のアナリストを表示
お知らせ • Apr 17TCMI Inc., EQT X, a fund managed by EQT AB (publ) and Denis Ladegaillerie proposed to acquire remaining 3.35% stake in Believe S.A. (ENXTPA:BLV) for €51.6 million.TCMI Inc., EQT X, a fund managed by EQT AB (publ) and Denis Ladegaillerie proposed to acquire remaining 3.35% stake in Believe S.A. (ENXTPA:BLV) for €51.6 million on April 15, 2025. A cash consideration valued at €15.3 per share will be paid. The board of Believe unanimously favorably welcomed Upbeat BidCo’s intention to file the Offer The transaction is subject to AMF clearance. The Board of Directors of Believe S.A. established an ad hoc Committee for the transaction. The Offer will be filed with the AMF today and, subject to the AMF’s clearance decision, is expected to be open during the second quarter of 2025. After the closing of the Offer, Upbeat BidCo will implement the Squeeze-Out, as the minority shareholders hold less than 10% of the capital and voting rights of Believe. The minority shareholders shall receive a compensation equal to the Offer price in the context of the Squeeze-Out. Olivier Péronne of FINEXSI, SA, Financial Advisory Arm acted as fairness opinion provider for Believe S.A.
お知らせ • Dec 30Believe S.A. to Report First Half, 2025 Results on Jul 31, 2025Believe S.A. announced that they will report first half, 2025 results on Jul 31, 2025
お知らせ • Aug 07Believe S.A. (ENXTPA:BLV) signed Share Transfer Agreement to acquire remaining 40% stake in Dogan Müzik Yapim Ve Ticaret A.S. from Dogan Sirketler Grubu Holding A.S. (IBSE:DOHOL) for €38.27 million.Believe S.A. (ENXTPA:BLV) signed Share Transfer Agreement to acquire remaining 40% stake in Dogan Müzik Yapim Ve Ticaret A.S. from Dogan Sirketler Grubu Holding A.S. (IBSE:DOHOL) for €38.27 million on August 6, 2024. The transaction is expected to be completed once all closing conditions, including approval by the Competition Authority, are fulfilled.
Reported Earnings • Aug 05First half 2024 earnings releasedFirst half 2024 results: €0.07 loss per share. Revenue: €474.1m (up 14% from 1H 2023). Net loss: €7.57m (down €7.90m from profit in 1H 2023). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Entertainment 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 7% per year, which means it is significantly lagging earnings.
お知らせ • Aug 02Believe S.A. to Report Fiscal Year 2024 Results on Mar 13, 2025Believe S.A. announced that they will report fiscal year 2024 results After-Market on Mar 13, 2025
お知らせ • Jul 09Believe S.A. (ENXTPA:BLV) acquired 25% stake in Global Records SRL.Believe S.A. (ENXTPA:BLV) acquired 25% stake in Global Records SRL on July 8, 2024. Believe S.A. (ENXTPA:BLV) completed the acquisition of 25% stake in Global Records SRL on July 8, 2024.
お知らせ • Apr 17TCMI Inc., EQT X, a fund managed by EQT AB (publ) and Denis Ladegaillerie proposed to acquire remaining 3.35% stake in Believe S.A. (ENXTPA:BLV) for €51.6 million.TCMI Inc., EQT X, a fund managed by EQT AB (publ) and Denis Ladegaillerie proposed to acquire remaining 3.35% stake in Believe S.A. (ENXTPA:BLV) for €51.6 million on April 15, 2025. A cash consideration valued at €15.3 per share will be paid. The board of Believe unanimously favorably welcomed Upbeat BidCo’s intention to file the Offer The transaction is subject to AMF clearance. The Board of Directors of Believe S.A. established an ad hoc Committee for the transaction. The Offer will be filed with the AMF today and, subject to the AMF’s clearance decision, is expected to be open during the second quarter of 2025. After the closing of the Offer, Upbeat BidCo will implement the Squeeze-Out, as the minority shareholders hold less than 10% of the capital and voting rights of Believe. The minority shareholders shall receive a compensation equal to the Offer price in the context of the Squeeze-Out. Olivier Péronne of FINEXSI, SA, Financial Advisory Arm acted as fairness opinion provider for Believe S.A.
お知らせ • Dec 30Believe S.A. to Report First Half, 2025 Results on Jul 31, 2025Believe S.A. announced that they will report first half, 2025 results on Jul 31, 2025
お知らせ • Aug 07Believe S.A. (ENXTPA:BLV) signed Share Transfer Agreement to acquire remaining 40% stake in Dogan Müzik Yapim Ve Ticaret A.S. from Dogan Sirketler Grubu Holding A.S. (IBSE:DOHOL) for €38.27 million.Believe S.A. (ENXTPA:BLV) signed Share Transfer Agreement to acquire remaining 40% stake in Dogan Müzik Yapim Ve Ticaret A.S. from Dogan Sirketler Grubu Holding A.S. (IBSE:DOHOL) for €38.27 million on August 6, 2024. The transaction is expected to be completed once all closing conditions, including approval by the Competition Authority, are fulfilled.
Reported Earnings • Aug 05First half 2024 earnings releasedFirst half 2024 results: €0.07 loss per share. Revenue: €474.1m (up 14% from 1H 2023). Net loss: €7.57m (down €7.90m from profit in 1H 2023). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Entertainment 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 7% per year, which means it is significantly lagging earnings.
お知らせ • Aug 02Believe S.A. to Report Fiscal Year 2024 Results on Mar 13, 2025Believe S.A. announced that they will report fiscal year 2024 results After-Market on Mar 13, 2025
お知らせ • Jul 09Believe S.A. (ENXTPA:BLV) acquired 25% stake in Global Records SRL.Believe S.A. (ENXTPA:BLV) acquired 25% stake in Global Records SRL on July 8, 2024. Believe S.A. (ENXTPA:BLV) completed the acquisition of 25% stake in Global Records SRL on July 8, 2024.
New Risk • Jun 26New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company.
お知らせ • Jun 25Believe SA Appoints Andrew Fisher as Non-Executive DirectorNon-Executive Director and Chair Andrew Fisher has been appointed as a non-executive director of Believe SA with effect from 21 June 2024. Andrew will also be a member of their Audit and CSR Committees.
New Risk • Apr 09New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 9.8% 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. This is currently the only risk that has been identified for the company.
お知らせ • Apr 08Warner Music Drops Plans to Bid for France's BelieveWarner Music Group Corp. (NasdaqGS:WMG) will not submit an offer to acquire French digital music Believe S.A. (ENXTPA:BLV), the music label said in a statement on April 6, 2024. Warner Music had revealed plans last month to submit a bid of at least €17 ($18.42) per share for Believe, valuing it at €1.65 billion ($1.79 billion), topping an earlier takeover bid from a consortium. The consortium, made up of Believe's shareholders, had offered €15 per share for the company, pegging its value at around €1.52 billion, an offer that was backed by the company's board of directors. Believe said in a statement it will ‘review the situation with all interested parties (including the consortium) to determine next steps in relation to the possible evolution of the company’s control’.
Reported Earnings • Mar 15Full year 2023 earnings released: €0.06 loss per share (vs €0.31 loss in FY 2022)Full year 2023 results: €0.06 loss per share (improved from €0.31 loss in FY 2022). Revenue: €880.3m (up 16% from FY 2022). Net loss: €5.48m (loss narrowed 82% from FY 2022). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Entertainment industry in Germany.
お知らせ • Mar 14Believe S.A., Annual General Meeting, Jun 26, 2024Believe S.A., Annual General Meeting, Jun 26, 2024.
お知らせ • Mar 12Warner Music Discloses Interest in Buying French BelieveWarner Music Group Corp. (NasdaqGS:WMG) confirmed it has offered to acquire French record label Believe S.A. (ENXTPA:BLV) at a total equity valuation of no less than EUR 1.65 billion (USD 1.80bn). A potential transaction could value the target company at least EUR 17 per share, based on currently available public information, the suitor said in a statement on March 07, 2024. WMG’s statement came shortly after Believe last month announced that a consortium led by founder and CEO Denis Ladegaillerie, Swedish private equity firm EQT AB and the company's largest shareholder, US venture capital firm TCV, has agreed to acquire a majority stake in the business at EUR 15 per share and then launch a mandatory tender offer to buy the rest of the shares. The US firm noted further in the press release that as opposed to the purely financial transaction contemplated by the consortium, WMG “would provide Believe with strategic support and financial stability to help the development and growth of the Company, including by accelerating its expansion into new geographies. In addition, WMG envisages financial terms that would be more attractive than those announced by the consortium”.
お知らせ • Feb 13Denis Ladegaillerie, EQT X a fund managed by EQT AB (publ) (OM:EQT) and TCMI Inc. agreed to acquire 71.92% stake in Believe S.A. (ENXTPA:BLV) from Xange Private Equity, S.A., Ventech Capital III a fund managed by Ventech SA, Tcv Luxco Bd S.À R.L. and Denis Ladegaillerie for €1.04 billion.Denis Ladegaillerie, EQT X a fund managed by EQT AB (publ) (OM:EQT) and TCMI Inc. agreed to acquire 71.92% stake in Believe S.A. (ENXTPA:BLV) from Xange Private Equity, S.A., Ventech Capital III a fund managed by Ventech SA, Tcv Luxco Bd S.À R.L. and Denis Ladegaillerie for €1.04 billion on February 11, 2024. BidCo would acquire from TCV Luxco BD S.à r.l., XAnge and Ventech, historical shareholders of Believe, the shares they own in Believe’s capital, representing respectively 41.14%, 6.29% and 12.03% of the capital and 42.85%, 3.93%, and 15.05% of the voting rights. In addition, it is contemplated that Denis Ladegaillerie, the founder, would contribute a portion of his Company shares to BidCo (representing 11.17% of the share capital) and sell the remaining portion (representing 1.29% of the share capital) to BidCo, representing in the aggregate 12.46% of the share capital and 15.59% of the voting rights of the Company. The Consortium has also obtained from other shareholders of the Company undertakings to tender their shares in the Offer. These acquisitions would be completed following the receipt of required regulatory approvals, the issuance of a fairness opinion from the independent expert confirming the fairness of the take private offer and the issuance by the Company’s board of directors (the “Board”) of its recommendation with respect to the Offer, following consultation of the Company’s works council. Following these acquisitions, the Consortium would file a mandatory tender offer, at a price of 15 euros in cash, for the remaining shares of Believe outstanding at the time and, if the legal conditions are met at the end of the offer, will request the implementation of a squeeze-out procedure. On February 11, 2024, the Board of Directors of Believe unanimously welcomed the proposed transaction, without prejudice to the reasoned opinion to be issued by the Board following the submission of the report of the independent expert. the Board of Directors of Believe has appointed Ledouble, represented by its partners Agnès Piniot and Romain Delafont, to act as the independent expert and establish a report on the financial conditions of the Offer, Believe has appointed Citigroup Global Markets Europe AG and Gide Loyrette Nouel as financial and legal advisers to assist the Company and the ad-hoc committee of the Board of Directors in their evaluation of the Offer.
お知らせ • Feb 09Believe Further Expands in Japan, Unveils New Imprint Dedicated to Championing Japanese Hip-hop with Y=ellow Bucks, Red Eye, and Issei Uno FifthBelieve announced the launch of 'PLAYCODE', a new imprint dedicated to championing the growing Japanese hip-hop music scene, including partnering with some of Japan's leading acts: Y=ellow Bucks, Red Eye, and Issei Uno Fifth. This launch marks a new step in believe believe's expansion in Japan, less than a year since it began operating in the country, in October 2023. As part of believe Japan's Artist Services offering, 'PLAYCODE' aims at nurturing the booming local hip-hop music scene. It will combine believe's unique digital artist development capacities - strategic, marketing and financial support -, unrivalled local hip-hop expertise, and long-term partnerships with key digital players to accompany its artists at all stages of their careers reach wider audiences and grow their careers locally and internationally. With +450K monthly listeners on Spotify and 66,7K followers on YouTube, ¥ellow Bucks is one of the most influential hip-hop artists in Japan, whose breakthrough hit ‘YESSIR’ cumulates +36M views on YouTube and +25M listens on Spotify to date. After Red Eye winning the 16th High School Rap Championship in 2019, Red Eye has become a force to be reckoned within the hip-hop music scene, cumulating over 500K followers across all social platforms, with his ‘POCKET’ series reaching +8 million streams. Issei Uno Fifth’s massive hit ‘SLIDE’ gained popularity on TikTok, reaching +1.6M streams on Spotify and leading him to be one of the winners of TikTok’s Spotlight Programme. After creating a series of hip-hop focused imprints in Thailand (bYOND), Italy (MAST) and France (Avant-Garde, AllPoints and Morning Glory), the launch of ‘PLAYCODE’ confirms Believe’s long-lasting commitment to nurture and drive hip-hop independent artists to their utmost level all around the world, all the while remaining in full control of their creative freedom and careers.
Buying Opportunity • Jan 05Now 21% undervaluedOver the last 90 days, the stock is up 23%. The fair value is estimated to be €12.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last year. Earnings per share has grown by 8.3%.
New Risk • Oct 26New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 8.7% 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. This is currently the only risk that has been identified for the company.
Reported Earnings • Aug 07First half 2023 earnings releasedFirst half 2023 results: Revenue: €415.4m (up 18% from 1H 2022). Net income: €334.0k (up €8.80m from 1H 2022). Profit margin: 0.1% (up from net loss in 1H 2022). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Entertainment industry in Germany.
Reported Earnings • Mar 19Full year 2022 earnings released: €0.31 loss per share (vs €0.34 loss in FY 2021)Full year 2022 results: €0.31 loss per share (improved from €0.34 loss in FY 2021). Revenue: €760.8m (up 32% from FY 2021). Net loss: €29.8m (flat on FY 2021). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Entertainment industry in Germany.
お知らせ • Feb 15Believe S.A., Annual General Meeting, Jun 16, 2023Believe S.A., Annual General Meeting, Jun 16, 2023.
Board Change • Nov 16High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Independent Director Kathleen O’Riordan is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
お知らせ • Nov 05Believe S.A. Provides Earnings Guidance for the Year 2022Believe S.A. provided earnings guidance for the year 2022. For the year 2022, the company expects an organic revenue growth in excess of 30%, reflecting resilient pet streaming and stabilization of extended growth as it has been the case since the month of June 22.
お知らせ • Aug 04+ 2 more updatesBelieve S.A. to Report Q2, 2023 Results on Aug 02, 2023Believe S.A. announced that they will report Q2, 2023 results on Aug 02, 2023
お知らせ • Apr 13Believe Names Alex Kennedy as Managing Director for the UKBelieve announced the appointment of Alex Kennedy as Managing Director for the UK. Reporting to Denis Ladegaillerie, Founder and CEO of Believe, Kennedy will lead the three business lines that Believe operates in the UK: Premium Solutions (including Label and Artist Solutions and Artist Services) and Automated Solutions (TuneCore), with a focus on finetuning Believe’s M&A strategy in the region. In this role, Kennedy will be responsible for defining the best strategies to accelerate growth, putting Believe’s unparalleled digital know-how and expertise at the service of UK artists and labels and continue to strengthen high quality relations with DSPs. Past key roles include Chief Commercial Officer at D2C platform Music Glue, Head of Commercial Development at Sky Tickets, Head of Music Licensing at Sky TV, Head of Publishing at Omnifone; as well as Founder and C.O.O of Retail Tech business Givvit and managing the music artist Doc Brown (Ben Bailey Smith).
お知らせ • Jan 06Believe Société anonyme (ENXTPA:BLV) acquired 51% stake in Jo&Co.Believe Société anonyme (ENXTPA:BLV) acquired 51% stake in Jo&Co on January 4, 2022. Jo&Co's Founder, Sébastien Saussez, will continue managing the label. Believe Société anonyme (ENXTPA:BLV) completed the acquisition of 51% stake in Jo&Co on January 4, 2022.
