View ValuationPrologue 将来の成長Future 基準チェック /06Prologueの収益と利益は、それぞれ年間14.2%と67.7%減少すると予測されています。EPS は年間60%で 減少すると予想されています。自己資本利益率は 3 年後に12.3%になると予測されています。主要情報-67.7%収益成長率-60.04%EPS成長率Software 収益成長8.1%収益成長率-14.2%将来の株主資本利益率12.30%アナリストカバレッジLow最終更新日28 Apr 2026今後の成長に関する最新情報Price Target Changed • May 02Price target increased by 18% to €0.45Up from €0.38, the current price target is provided by 1 analyst. New target price is 77% above last closing price of €0.25. Stock is up 2.9% over the past year. The company is forecast to post earnings per share of €0.13 for next year compared to €0.02 last year.Price Target Changed • May 16Price target increased by 14% to €0.40Up from €0.35, the current price target is provided by 1 analyst. New target price is 71% above last closing price of €0.23. Stock is up 1.7% over the past year. The company is forecast to post a net loss per share of €0.11 compared to earnings per share of €0.0068 last year.Price Target Changed • Feb 16Price target decreased by 11% to €0.33Down from €0.37, the current price target is provided by 1 analyst. New target price is 77% above last closing price of €0.19. Stock is down 26% over the past year. The company is forecast to post a net loss per share of €0.07 compared to earnings per share of €0.0068 last year.Major Estimate Revision • Oct 05Consensus forecasts updatedThe consensus outlook for 2022 has been updated. Forecast loss of -€0.01 per share in 2022, versus previous forecasts of €0.02 per share. Revenue forecast unchanged from €104.8m at last update. Software industry in France expected to see average net income growth of 15% next year. Consensus price target down from €0.50 to €0.38. Share price fell 2.2% to €0.26 over the past week.Breakeven Date Change • Oct 04Forecast breakeven date pushed back to 2023The analyst covering Prologue previously expected the company to break even in 2022. New forecast suggests losses will reduce by 78% to 2022. The company is expected to make a profit of €20.0k in 2023. Average annual earnings growth of 110% is required to achieve expected profit on schedule.Breakeven Date Change • Apr 27Forecast breakeven date pushed back to 2022The analyst covering Prologue previously expected the company to break even in 2021. New forecast suggests the company will make a profit of €160.0k in 2022. Average annual earnings growth of 113% is required to achieve expected profit on schedule.すべての更新を表示Recent updates分析記事 • May 06Prologue's (EPA:ALPRG) Profits May Not Reveal Underlying IssuesThe market shrugged off Prologue S.A.'s ( EPA:ALPRG ) solid earnings report. We did some digging and believe investors...Reported Earnings • May 05Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: EPS: €0.09 (up from €0.02 in FY 2024). Revenue: €66.6m (down 40% from FY 2024). Net income: €9.83m (up 397% from FY 2024). Profit margin: 15% (up from 1.8% in FY 2024). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 37%. Earnings per share (EPS) missed analyst estimates by 31%. Revenue is expected to decline by 14% p.a. on average during the next 2 years, while revenues in the Software industry in France are expected to grow by 5.6%. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Price Target Changed • May 02Price target increased by 18% to €0.45Up from €0.38, the current price target is provided by 1 analyst. New target price is 77% above last closing price of €0.25. Stock is up 2.9% over the past year. The company is forecast to post earnings per share of €0.13 for next year compared to €0.02 last year.New Risk • Nov 03New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 60% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Risks Earnings are forecast to decline by an average of 60% per year for the foreseeable future. High level of non-cash earnings (93% accrual ratio). Minor Risk Market cap is less than US$100m (€22.4m market cap, or US$25.8m).お知らせ • Jul 02Archos S.A. (ENXTPA:ALJXR) completed the acquisition of O2i Ingénierie from Prologue S.A. (ENXTPA:ALPRG).Archos S.A. (ENXTPA:ALJXR) signed a letter of intent to acquire O2i Ingénierie from Prologue S.A. (ENXTPA:ALPRG) for €0.3 million on May 27, 2025. A cash consideration of €0.3 million will be paid by Archos S.A. As part of consideration, €0.3 million is paid towards common equity of O2i Ingénierie. For the period ending December 31, 2024, O2i Ingénierie reported total revenue of €11 million. The transaction remains subject to consultation with Prologue's employee representative bodies, approval, and the signing of definitive documentation, and is expected to be finalized by July 1, 2025. Archos S.A. (ENXTPA:ALJXR) completed the acquisition of O2i Ingénierie from Prologue S.A. (ENXTPA:ALPRG) on July 1, 2025.分析記事 • Jun 17Prologue S.A. (EPA:ALPRG) Shares Fly 26% But Investors Aren't Buying For GrowthPrologue S.A. ( EPA:ALPRG ) shares have had a really impressive month, gaining 26% after a shaky period beforehand...New Risk • Jun 17New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of French stocks, typically moving 5.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.0% average weekly change). Market cap is less than US$100m (€22.9m market cap, or US$26.5m).Buy Or Sell Opportunity • Jun 16Now 37% overvalued after recent price riseOver the last 90 days, the stock has risen 11% to €0.31. The fair value is estimated to be €0.22, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 21% per annum. Earnings are forecast to grow by 7.2% per annum over the same time period.分析記事 • May 22There May Be Underlying Issues With The Quality Of Prologue's (EPA:ALPRG) EarningsDespite posting some strong earnings, the market for Prologue S.A.'s ( EPA:ALPRG ) stock hasn't moved much. Our...Reported Earnings • May 17Full year 2024 earnings released: EPS: €0.028 (vs €0.11 loss in FY 2023)Full year 2024 results: EPS: €0.028 (up from €0.11 loss in FY 2023). Revenue: €112.8m (up 1.0% from FY 2023). Net income: €1.98m (up €12.2m from FY 2023). Profit margin: 1.8% (up from net loss in FY 2023). The move to profitability was primarily driven by lower expenses. Revenue is expected to decline by 36% p.a. on average during the next 2 years, while revenues in the Software industry in France are expected to grow by 7.2%. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.お知らせ • May 17Prologue S.A., Annual General Meeting, Jun 24, 2025Prologue S.A., Annual General Meeting, Jun 24, 2025. Location: 101 avenue laurent cely, gennevilliers France分析記事 • Feb 27Prologue S.A. (EPA:ALPRG) Stock Catapults 25% Though Its Price And Business Still Lag The IndustryDespite an already strong run, Prologue S.A. ( EPA:ALPRG ) shares have been powering on, with a gain of 25% in the last...New Risk • Feb 05New major risk - Revenue and earnings growthEarnings have declined by 27% 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 Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 27% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€24.6m market cap, or US$25.7m).分析記事 • Feb 05The Returns On Capital At Prologue (EPA:ALPRG) Don't Inspire ConfidenceIf you're looking at a mature business that's past the growth phase, what are some of the underlying trends that pop...分析記事 • Nov 13There's No Escaping Prologue S.A.'s (EPA:ALPRG) Muted Revenues Despite A 28% Share Price RisePrologue S.A. ( EPA:ALPRG ) shareholders would be excited to see that the share price has had a great month, posting a...分析記事 • Nov 02Prologue's (EPA:ALPRG) Returns On Capital Not Reflecting Well On The BusinessIf we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? Businesses...New Risk • Oct 18New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 10% 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. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (10% increase in shares outstanding). Market cap is less than US$100m (€15.9m market cap, or US$17.3m).分析記事 • Aug 21Prologue S.A.'s (EPA:ALPRG) Revenues Are Not Doing Enough For Some InvestorsPrologue S.A.'s ( EPA:ALPRG ) price-to-sales (or "P/S") ratio of 0.1x might make it look like a buy right now compared...New Risk • May 17New 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. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (7.4% average weekly change). Market cap is less than US$100m (€18.6m market cap, or US$20.1m).Price Target Changed • May 16Price target increased by 14% to €0.40Up from €0.35, the current price target is provided by 1 analyst. New target price is 71% above last closing price of €0.23. Stock is up 1.7% over the past year. The company is forecast to post a net loss per share of €0.11 compared to earnings per share of €0.0068 last year.お知らせ • May 12Prologue S.A., Annual General Meeting, Jun 27, 2024Prologue S.A., Annual General Meeting, Jun 27, 2024. Location: 101 avenue laurent cely, gennevilliers France分析記事 • Apr 18Prologue S.A. (EPA:ALPRG) Surges 29% Yet Its Low P/S Is No Reason For ExcitementThose holding Prologue S.A. ( EPA:ALPRG ) shares would be relieved that the share price has rebounded 29% in the last...New Risk • Apr 17New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of French stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Market cap is less than US$100m (€17.4m market cap, or US$18.5m).分析記事 • Mar 09The Return Trends At Prologue (EPA:ALPRG) Look PromisingFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Price Target Changed • Feb 16Price target decreased by 11% to €0.33Down from €0.37, the current price target is provided by 1 analyst. New target price is 77% above last closing price of €0.19. Stock is down 26% over the past year. The company is forecast to post a net loss per share of €0.07 compared to earnings per share of €0.0068 last year.分析記事 • Nov 22Prologue (EPA:ALPRG) Takes On Some Risk With Its Use Of DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...New Risk • Nov 05New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.3% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 are forecast to decline by an average of 0.3% per year for the foreseeable future. Minor Risk Market cap is less than US$100m (€20.7m market cap, or US$22.2m).分析記事 • Oct 05Returns Are Gaining Momentum At Prologue (EPA:ALPRG)If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. One common...New Risk • Jul 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of French stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Market cap is less than US$100m (€24.4m market cap, or US$26.5m).分析記事 • Jun 21Does Prologue (EPA:ALPRG) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Annik Harmand was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Major Estimate Revision • Oct 05Consensus forecasts updatedThe consensus outlook for 2022 has been updated. Forecast loss of -€0.01 per share in 2022, versus previous forecasts of €0.02 per share. Revenue forecast unchanged from €104.8m at last update. Software industry in France expected to see average net income growth of 15% next year. Consensus price target down from €0.50 to €0.38. Share price fell 2.2% to €0.26 over the past week.Breakeven Date Change • Oct 04Forecast breakeven date pushed back to 2023The analyst covering Prologue previously expected the company to break even in 2022. New forecast suggests losses will reduce by 78% to 2022. The company is expected to make a profit of €20.0k in 2023. Average annual earnings growth of 110% is required to achieve expected profit on schedule.Breakeven Date Change • Apr 27Forecast breakeven date pushed back to 2022The analyst covering Prologue previously expected the company to break even in 2021. New forecast suggests the company will make a profit of €160.0k in 2022. Average annual earnings growth of 113% is required to achieve expected profit on schedule.Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Independent Director Annik Harmand was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.分析記事 • Feb 21We Like These Underlying Return On Capital Trends At Prologue (EPA:PROL)Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Breakeven Date Change • Dec 31Forecast breakeven date pushed back to 2022The analyst covering Prologue previously expected the company to break even in 2021. New forecast suggests the company will make a profit of €2.14m in 2022. Average annual earnings growth of 108% is required to achieve expected profit on schedule.分析記事 • Sep 04Returns At Prologue (EPA:PROL) Are On The Way UpIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...分析記事 • Jun 14Does Prologue (EPA:PROL) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...分析記事 • May 09Investors Will Want Prologue's (EPA:PROL) Growth In ROCE To PersistFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Reported Earnings • Apr 25Full year 2020 earnings releasedThe company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: €79.2m (down 9.4% from FY 2019). Net loss: €1.68m (loss narrowed 25% from FY 2019).分析記事 • Mar 17Prologue S.A. (EPA:PROL) Is About To Turn The CornerPrologue S.A. ( EPA:PROL ) is possibly approaching a major achievement in its business, so we would like to shine some...Is New 90 Day High Low • Jan 11New 90-day high: €0.40The company is up 60% from its price of €0.25 on 13 October 2020. The French market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 5.0% over the same period.分析記事 • Dec 02Is It Too Late To Consider Buying Prologue S.A. (EPA:PROL)?Prologue S.A. ( EPA:PROL ), is not the largest company out there, but it saw a significant share price rise of over 20...Is New 90 Day High Low • Nov 03New 90-day low: €0.23The company is down 2.0% from its price of €0.23 on 04 August 2020. The French market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 5.0% over the same period.Reported Earnings • Oct 04First half earnings releasedOver the last 12 months the company has reported total losses of €4.74m, with losses widening by 209% from the prior year. Total revenue was €80.0m over the last 12 months, down 9.9% from the prior year.業績と収益の成長予測ENXTPA:ALPRG - 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12/31/202751324112/31/202650313112/31/20256710-13-11N/A9/30/20258110-10-8N/A6/30/2025949-8-5N/A3/31/20251036-21N/A12/31/2024111236N/A9/30/20241110N/AN/AN/A6/30/2024111-389N/A3/31/2024111-668N/A12/31/2023112-1046N/A9/30/2023113-8N/AN/AN/A6/30/2023113-6-22N/A3/31/2023111-3-13N/A12/31/20221091-13N/A9/30/20221072-22N/A6/30/20221031-13N/A3/31/202299015N/A12/31/202196-126N/A9/30/202192-359N/A6/30/202190-248N/A3/31/202185-236N/A12/31/202079-124N/A9/30/202080-213N/A6/30/202080-203N/A3/31/202084-2-23N/A12/31/201987-2-43N/A9/30/201988-2N/A3N/A6/30/201989-2N/A3N/A3/31/201987-1N/A4N/A12/31/201886-1N/A4N/A6/30/2018780N/A1N/A3/31/201877-1N/A0N/A12/31/201777-3N/A-2N/A6/30/201779-6N/A-1N/A3/31/201777-5N/A-1N/A12/31/201675-5N/A-1N/A9/30/201672-4N/A-2N/A6/30/201669-3N/A-4N/A3/31/201658-3N/A-4N/A12/31/201546-3N/A-4N/A9/30/201535-3N/AN/AN/A6/30/201523-2N/A-5N/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: ALPRG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-67.7% )。収益対市場: ALPRG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-67.7% )。高成長収益: ALPRG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: ALPRGの収益は今後 3 年間で減少すると予想されています (年間-14.2% )。高い収益成長: ALPRG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-14.2% )。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: ALPRG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 ( 12.3 %)。成長企業の発掘7D1Y7D1Y7D1YSoftware 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2026/05/08 08:36終値2026/05/08 00:00収益2025/12/31年間収益2025/12/31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Prologue 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Loic WolfGreenSome Finance
Price Target Changed • May 02Price target increased by 18% to €0.45Up from €0.38, the current price target is provided by 1 analyst. New target price is 77% above last closing price of €0.25. Stock is up 2.9% over the past year. The company is forecast to post earnings per share of €0.13 for next year compared to €0.02 last year.
Price Target Changed • May 16Price target increased by 14% to €0.40Up from €0.35, the current price target is provided by 1 analyst. New target price is 71% above last closing price of €0.23. Stock is up 1.7% over the past year. The company is forecast to post a net loss per share of €0.11 compared to earnings per share of €0.0068 last year.
Price Target Changed • Feb 16Price target decreased by 11% to €0.33Down from €0.37, the current price target is provided by 1 analyst. New target price is 77% above last closing price of €0.19. Stock is down 26% over the past year. The company is forecast to post a net loss per share of €0.07 compared to earnings per share of €0.0068 last year.
Major Estimate Revision • Oct 05Consensus forecasts updatedThe consensus outlook for 2022 has been updated. Forecast loss of -€0.01 per share in 2022, versus previous forecasts of €0.02 per share. Revenue forecast unchanged from €104.8m at last update. Software industry in France expected to see average net income growth of 15% next year. Consensus price target down from €0.50 to €0.38. Share price fell 2.2% to €0.26 over the past week.
Breakeven Date Change • Oct 04Forecast breakeven date pushed back to 2023The analyst covering Prologue previously expected the company to break even in 2022. New forecast suggests losses will reduce by 78% to 2022. The company is expected to make a profit of €20.0k in 2023. Average annual earnings growth of 110% is required to achieve expected profit on schedule.
Breakeven Date Change • Apr 27Forecast breakeven date pushed back to 2022The analyst covering Prologue previously expected the company to break even in 2021. New forecast suggests the company will make a profit of €160.0k in 2022. Average annual earnings growth of 113% is required to achieve expected profit on schedule.
分析記事 • May 06Prologue's (EPA:ALPRG) Profits May Not Reveal Underlying IssuesThe market shrugged off Prologue S.A.'s ( EPA:ALPRG ) solid earnings report. We did some digging and believe investors...
Reported Earnings • May 05Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: EPS: €0.09 (up from €0.02 in FY 2024). Revenue: €66.6m (down 40% from FY 2024). Net income: €9.83m (up 397% from FY 2024). Profit margin: 15% (up from 1.8% in FY 2024). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 37%. Earnings per share (EPS) missed analyst estimates by 31%. Revenue is expected to decline by 14% p.a. on average during the next 2 years, while revenues in the Software industry in France are expected to grow by 5.6%. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Price Target Changed • May 02Price target increased by 18% to €0.45Up from €0.38, the current price target is provided by 1 analyst. New target price is 77% above last closing price of €0.25. Stock is up 2.9% over the past year. The company is forecast to post earnings per share of €0.13 for next year compared to €0.02 last year.
New Risk • Nov 03New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 60% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Risks Earnings are forecast to decline by an average of 60% per year for the foreseeable future. High level of non-cash earnings (93% accrual ratio). Minor Risk Market cap is less than US$100m (€22.4m market cap, or US$25.8m).
お知らせ • Jul 02Archos S.A. (ENXTPA:ALJXR) completed the acquisition of O2i Ingénierie from Prologue S.A. (ENXTPA:ALPRG).Archos S.A. (ENXTPA:ALJXR) signed a letter of intent to acquire O2i Ingénierie from Prologue S.A. (ENXTPA:ALPRG) for €0.3 million on May 27, 2025. A cash consideration of €0.3 million will be paid by Archos S.A. As part of consideration, €0.3 million is paid towards common equity of O2i Ingénierie. For the period ending December 31, 2024, O2i Ingénierie reported total revenue of €11 million. The transaction remains subject to consultation with Prologue's employee representative bodies, approval, and the signing of definitive documentation, and is expected to be finalized by July 1, 2025. Archos S.A. (ENXTPA:ALJXR) completed the acquisition of O2i Ingénierie from Prologue S.A. (ENXTPA:ALPRG) on July 1, 2025.
分析記事 • Jun 17Prologue S.A. (EPA:ALPRG) Shares Fly 26% But Investors Aren't Buying For GrowthPrologue S.A. ( EPA:ALPRG ) shares have had a really impressive month, gaining 26% after a shaky period beforehand...
New Risk • Jun 17New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of French stocks, typically moving 5.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.0% average weekly change). Market cap is less than US$100m (€22.9m market cap, or US$26.5m).
Buy Or Sell Opportunity • Jun 16Now 37% overvalued after recent price riseOver the last 90 days, the stock has risen 11% to €0.31. The fair value is estimated to be €0.22, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 21% per annum. Earnings are forecast to grow by 7.2% per annum over the same time period.
分析記事 • May 22There May Be Underlying Issues With The Quality Of Prologue's (EPA:ALPRG) EarningsDespite posting some strong earnings, the market for Prologue S.A.'s ( EPA:ALPRG ) stock hasn't moved much. Our...
Reported Earnings • May 17Full year 2024 earnings released: EPS: €0.028 (vs €0.11 loss in FY 2023)Full year 2024 results: EPS: €0.028 (up from €0.11 loss in FY 2023). Revenue: €112.8m (up 1.0% from FY 2023). Net income: €1.98m (up €12.2m from FY 2023). Profit margin: 1.8% (up from net loss in FY 2023). The move to profitability was primarily driven by lower expenses. Revenue is expected to decline by 36% p.a. on average during the next 2 years, while revenues in the Software industry in France are expected to grow by 7.2%. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.
お知らせ • May 17Prologue S.A., Annual General Meeting, Jun 24, 2025Prologue S.A., Annual General Meeting, Jun 24, 2025. Location: 101 avenue laurent cely, gennevilliers France
分析記事 • Feb 27Prologue S.A. (EPA:ALPRG) Stock Catapults 25% Though Its Price And Business Still Lag The IndustryDespite an already strong run, Prologue S.A. ( EPA:ALPRG ) shares have been powering on, with a gain of 25% in the last...
New Risk • Feb 05New major risk - Revenue and earnings growthEarnings have declined by 27% 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 Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 27% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€24.6m market cap, or US$25.7m).
分析記事 • Feb 05The Returns On Capital At Prologue (EPA:ALPRG) Don't Inspire ConfidenceIf you're looking at a mature business that's past the growth phase, what are some of the underlying trends that pop...
分析記事 • Nov 13There's No Escaping Prologue S.A.'s (EPA:ALPRG) Muted Revenues Despite A 28% Share Price RisePrologue S.A. ( EPA:ALPRG ) shareholders would be excited to see that the share price has had a great month, posting a...
分析記事 • Nov 02Prologue's (EPA:ALPRG) Returns On Capital Not Reflecting Well On The BusinessIf we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? Businesses...
New Risk • Oct 18New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 10% 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. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (10% increase in shares outstanding). Market cap is less than US$100m (€15.9m market cap, or US$17.3m).
分析記事 • Aug 21Prologue S.A.'s (EPA:ALPRG) Revenues Are Not Doing Enough For Some InvestorsPrologue S.A.'s ( EPA:ALPRG ) price-to-sales (or "P/S") ratio of 0.1x might make it look like a buy right now compared...
New Risk • May 17New 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. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (7.4% average weekly change). Market cap is less than US$100m (€18.6m market cap, or US$20.1m).
Price Target Changed • May 16Price target increased by 14% to €0.40Up from €0.35, the current price target is provided by 1 analyst. New target price is 71% above last closing price of €0.23. Stock is up 1.7% over the past year. The company is forecast to post a net loss per share of €0.11 compared to earnings per share of €0.0068 last year.
お知らせ • May 12Prologue S.A., Annual General Meeting, Jun 27, 2024Prologue S.A., Annual General Meeting, Jun 27, 2024. Location: 101 avenue laurent cely, gennevilliers France
分析記事 • Apr 18Prologue S.A. (EPA:ALPRG) Surges 29% Yet Its Low P/S Is No Reason For ExcitementThose holding Prologue S.A. ( EPA:ALPRG ) shares would be relieved that the share price has rebounded 29% in the last...
New Risk • Apr 17New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of French stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Market cap is less than US$100m (€17.4m market cap, or US$18.5m).
分析記事 • Mar 09The Return Trends At Prologue (EPA:ALPRG) Look PromisingFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Price Target Changed • Feb 16Price target decreased by 11% to €0.33Down from €0.37, the current price target is provided by 1 analyst. New target price is 77% above last closing price of €0.19. Stock is down 26% over the past year. The company is forecast to post a net loss per share of €0.07 compared to earnings per share of €0.0068 last year.
分析記事 • Nov 22Prologue (EPA:ALPRG) Takes On Some Risk With Its Use Of DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
New Risk • Nov 05New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.3% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 are forecast to decline by an average of 0.3% per year for the foreseeable future. Minor Risk Market cap is less than US$100m (€20.7m market cap, or US$22.2m).
分析記事 • Oct 05Returns Are Gaining Momentum At Prologue (EPA:ALPRG)If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. One common...
New Risk • Jul 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of French stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Market cap is less than US$100m (€24.4m market cap, or US$26.5m).
分析記事 • Jun 21Does Prologue (EPA:ALPRG) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Annik Harmand was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Major Estimate Revision • Oct 05Consensus forecasts updatedThe consensus outlook for 2022 has been updated. Forecast loss of -€0.01 per share in 2022, versus previous forecasts of €0.02 per share. Revenue forecast unchanged from €104.8m at last update. Software industry in France expected to see average net income growth of 15% next year. Consensus price target down from €0.50 to €0.38. Share price fell 2.2% to €0.26 over the past week.
Breakeven Date Change • Oct 04Forecast breakeven date pushed back to 2023The analyst covering Prologue previously expected the company to break even in 2022. New forecast suggests losses will reduce by 78% to 2022. The company is expected to make a profit of €20.0k in 2023. Average annual earnings growth of 110% is required to achieve expected profit on schedule.
Breakeven Date Change • Apr 27Forecast breakeven date pushed back to 2022The analyst covering Prologue previously expected the company to break even in 2021. New forecast suggests the company will make a profit of €160.0k in 2022. Average annual earnings growth of 113% is required to achieve expected profit on schedule.
Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Independent Director Annik Harmand was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
分析記事 • Feb 21We Like These Underlying Return On Capital Trends At Prologue (EPA:PROL)Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Breakeven Date Change • Dec 31Forecast breakeven date pushed back to 2022The analyst covering Prologue previously expected the company to break even in 2021. New forecast suggests the company will make a profit of €2.14m in 2022. Average annual earnings growth of 108% is required to achieve expected profit on schedule.
分析記事 • Sep 04Returns At Prologue (EPA:PROL) Are On The Way UpIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
分析記事 • Jun 14Does Prologue (EPA:PROL) Have A Healthy Balance Sheet?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
分析記事 • May 09Investors Will Want Prologue's (EPA:PROL) Growth In ROCE To PersistFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Reported Earnings • Apr 25Full year 2020 earnings releasedThe company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: €79.2m (down 9.4% from FY 2019). Net loss: €1.68m (loss narrowed 25% from FY 2019).
分析記事 • Mar 17Prologue S.A. (EPA:PROL) Is About To Turn The CornerPrologue S.A. ( EPA:PROL ) is possibly approaching a major achievement in its business, so we would like to shine some...
Is New 90 Day High Low • Jan 11New 90-day high: €0.40The company is up 60% from its price of €0.25 on 13 October 2020. The French market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 5.0% over the same period.
分析記事 • Dec 02Is It Too Late To Consider Buying Prologue S.A. (EPA:PROL)?Prologue S.A. ( EPA:PROL ), is not the largest company out there, but it saw a significant share price rise of over 20...
Is New 90 Day High Low • Nov 03New 90-day low: €0.23The company is down 2.0% from its price of €0.23 on 04 August 2020. The French market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 5.0% over the same period.
Reported Earnings • Oct 04First half earnings releasedOver the last 12 months the company has reported total losses of €4.74m, with losses widening by 209% from the prior year. Total revenue was €80.0m over the last 12 months, down 9.9% from the prior year.