View ValuationLlorente & Cuenca 将来の成長Future 基準チェック /16Llorente & Cuencaの収益は年間45.6%で減少すると予測されていますが、年間収益は年間9.1%で増加すると予測されています。EPS は年間 減少すると予測されています。自己資本利益率は 3 年後に13.5% 46.7%なると予測されています。主要情報-45.6%収益成長率-46.67%EPS成長率Media 収益成長28.4%収益成長率9.1%将来の株主資本利益率13.53%アナリストカバレッジLow最終更新日22 Dec 2025今後の成長に関する最新情報お知らせ • Aug 01LLYC Updates Earnings Guidance for the Year 2025LLYC 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.お知らせ • Jan 25Llorente & Cuenca, S.A. Provides Earnings Guidance for the Year 2024Llorente & 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.お知らせ • Jan 28Llorente & Cuenca, S.A. Provides Earnings Guidance for the Year 2023Llorente & 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.すべての更新を表示Recent updatesお知らせ • Feb 17LLYC Names Ibo Sanz as Global Chief Operating Officer of Marketing SolutionsLLYC 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.お知らせ • Aug 01LLYC Updates Earnings Guidance for the Year 2025LLYC 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.お知らせ • Jul 03Llorente & 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.お知らせ • May 05Llorente & Cuenca, S.A., Annual General Meeting, Jun 04, 2025Llorente & Cuenca, S.A., Annual General Meeting, Jun 04, 2025. Location: calle lagasca 88, planta 3., madrid Spainお知らせ • Jan 08Rebeca 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.お知らせ • Nov 22LlLYC Appoints Luisa García as Global CEO of Corporate AffairsLLYC 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 • Oct 09New minor risk - Market cap sizeThe 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 Risks Short dividend paying track record (1 year of continuous dividend payments). Market cap is less than US$100m (€90.4m market cap, or US$98.9m).New Risk • Sep 22New major risk - Financial data availabilityThe 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. 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 Short dividend paying track record (1 year of continuous dividend payments).お知らせ • May 17Llorente & 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 08New minor risk - Financial data availabilityThe 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.お知らせ • Feb 20Llorente & 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.Valuation Update With 7 Day Price Move • Feb 05Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €9.75, 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 4.2% over the past year.お知らせ • Jan 26Llorente & Cuenca, S.A. Announces Boar ChangesLLYC'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.お知らせ • Jan 25Llorente & Cuenca, S.A. Provides Earnings Guidance for the Year 2024Llorente & 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 25New minor risk - Financial data availabilityThe 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 10New minor risk - Financial data availabilityThe 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).お知らせ • Sep 07Llorente & Cuenca, S.A. to Report First Half, 2023 Results on Sep 21, 2023Llorente & Cuenca, S.A. announced that they will report first half, 2023 results on Sep 21, 2023Upcoming Dividend • Jul 06Inaugural dividend of €0.13 per shareEligible shareholders must have bought the stock before 13 July 2023. Payment date: 17 July 2023. This is the first dividend for Llorente & Cuenca since going public. The average dividend yield among industry peers is 6.4%.Buying Opportunity • Feb 18Now 20% undervaluedOver the last 90 days, the stock is up 6.9%. The fair value is estimated to be €13.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 43% over the last year. Earnings per share has declined by 93%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings is also forecast to grow by 22% per annum over the same time period.Valuation Update With 7 Day Price Move • Feb 16Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €10.70, 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 16% over the past year.お知らせ • Jan 28Llorente & Cuenca, S.A. Provides Earnings Guidance for the Year 2023Llorente & 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 16Less than half of directors are independentThere 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 27Less than half of directors are independentThere 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 16Full year 2021 earnings: Revenues exceed analyst expectationsFull 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 8.7% growth forecast for the industry in Germany.業績と収益の成長予測DB:91P - アナリストの将来予測と過去の財務データ ( )EUR Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/20271505715112/31/20261404411112/31/20251316-2716/30/2025117162226N/A3/31/2025118111418N/A12/31/20241186610N/A9/30/20241233510N/A6/30/2024117359N/A3/31/20241075710N/A12/31/2023987911N/A9/30/2023967710N/A6/30/202394758N/A3/31/202392735N/A12/31/202290713N/A9/30/202286713N/A6/30/202282614N/A3/31/202273668N/A12/31/20216451113N/A9/30/20215651113N/A6/30/20214841113N/A3/31/2021463912N/A12/31/2020452710N/A12/31/201948367N/A12/31/2018412N/A2N/A12/31/2017391N/A5N/A12/31/2016342N/A1N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 91Pの収益は今後 3 年間で減少すると予測されています (年間-45.6% )。収益対市場: 91Pの収益は今後 3 年間で減少すると予測されています (年間-45.6% )。高成長収益: 91Pの収益は今後 3 年間で減少すると予測されています。収益対市場: 91Pの収益 ( 9.1% ) German市場 ( 6.5% ) よりも速いペースで成長すると予測されています。高い収益成長: 91Pの収益 ( 9.1% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 91Pの 自己資本利益率 は、3年後には低くなると予測されています ( 13.5 %)。成長企業の発掘7D1Y7D1Y7D1YMedia 業界の高成長企業。View Past Performance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2026/05/07 17:11終値2026/05/07 00:00収益2025/06/30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Llorente & Cuenca, S.A. 1 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。1 アナリスト機関Alfredo Echevarria OteguiLighthouse-IEAF Servicios de Analisis
お知らせ • Aug 01LLYC Updates Earnings Guidance for the Year 2025LLYC 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.
お知らせ • Jan 25Llorente & Cuenca, S.A. Provides Earnings Guidance for the Year 2024Llorente & 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.
お知らせ • Jan 28Llorente & Cuenca, S.A. Provides Earnings Guidance for the Year 2023Llorente & 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.
お知らせ • Feb 17LLYC Names Ibo Sanz as Global Chief Operating Officer of Marketing SolutionsLLYC 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.
お知らせ • Aug 01LLYC Updates Earnings Guidance for the Year 2025LLYC 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.
お知らせ • Jul 03Llorente & 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.
お知らせ • May 05Llorente & Cuenca, S.A., Annual General Meeting, Jun 04, 2025Llorente & Cuenca, S.A., Annual General Meeting, Jun 04, 2025. Location: calle lagasca 88, planta 3., madrid Spain
お知らせ • Jan 08Rebeca 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.
お知らせ • Nov 22LlLYC Appoints Luisa García as Global CEO of Corporate AffairsLLYC 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 • Oct 09New minor risk - Market cap sizeThe 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 Risks Short dividend paying track record (1 year of continuous dividend payments). Market cap is less than US$100m (€90.4m market cap, or US$98.9m).
New Risk • Sep 22New major risk - Financial data availabilityThe 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. 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 Short dividend paying track record (1 year of continuous dividend payments).
お知らせ • May 17Llorente & 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 08New minor risk - Financial data availabilityThe 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.
お知らせ • Feb 20Llorente & 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.
Valuation Update With 7 Day Price Move • Feb 05Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €9.75, 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 4.2% over the past year.
お知らせ • Jan 26Llorente & Cuenca, S.A. Announces Boar ChangesLLYC'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.
お知らせ • Jan 25Llorente & Cuenca, S.A. Provides Earnings Guidance for the Year 2024Llorente & 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 25New minor risk - Financial data availabilityThe 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 10New minor risk - Financial data availabilityThe 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).
お知らせ • Sep 07Llorente & Cuenca, S.A. to Report First Half, 2023 Results on Sep 21, 2023Llorente & Cuenca, S.A. announced that they will report first half, 2023 results on Sep 21, 2023
Upcoming Dividend • Jul 06Inaugural dividend of €0.13 per shareEligible shareholders must have bought the stock before 13 July 2023. Payment date: 17 July 2023. This is the first dividend for Llorente & Cuenca since going public. The average dividend yield among industry peers is 6.4%.
Buying Opportunity • Feb 18Now 20% undervaluedOver the last 90 days, the stock is up 6.9%. The fair value is estimated to be €13.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 43% over the last year. Earnings per share has declined by 93%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings is also forecast to grow by 22% per annum over the same time period.
Valuation Update With 7 Day Price Move • Feb 16Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €10.70, 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 16% over the past year.
お知らせ • Jan 28Llorente & Cuenca, S.A. Provides Earnings Guidance for the Year 2023Llorente & 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 16Less than half of directors are independentThere 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 27Less than half of directors are independentThere 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 16Full year 2021 earnings: Revenues exceed analyst expectationsFull 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 8.7% growth forecast for the industry in Germany.