Reported Earnings • Jun 02
First quarter 2022 earnings: EPS exceeds analyst expectations First quarter 2022 results: €0.004 loss per share. Revenue: €567.4m (up 60% from 1Q 2021). Net loss: €22.4m (loss narrowed 71% from 1Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 193%. Over the next year, revenue is forecast to grow 19%, compared to a 11% growth forecast for the industry in France. Major Estimate Revision • Apr 30
Consensus EPS estimates increase by 182% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from €2.78b to €2.86b. EPS estimate increased from €0.01 to €0.04 per share. Net income forecast to grow 551% next year vs 7.6% growth forecast for Transportation industry in France. Consensus price target of €0.50 unchanged from last update. Share price was steady at €0.50 over the past week. Board Change • Apr 27
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. No experienced directors. No highly experienced directors. Independent Chairman Alexandre de Juniac 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. Reported Earnings • Mar 04
Full year 2021 earnings: Revenues miss analyst expectations Full year 2021 results: Revenue: €2.27b (up 29% from FY 2020). Net income: €29.0m (up €673.7m from FY 2020). Profit margin: 1.3% (up from net loss in FY 2020). Revenue missed analyst estimates by 2.5%. Over the next year, revenue is forecast to grow 22%, compared to a 14% growth forecast for the industry in France. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS €0.028 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €782.6m (up 46% from 3Q 2020). Net income: €141.5m (up €151.2m from 3Q 2020). Profit margin: 18% (up from net loss in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 27 percentage points per year, which is a significant difference in performance. Reported Earnings • Jul 31
Second quarter 2021 earnings released The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: €486.2m (up 89% from 2Q 2020). Net loss: €46.0m (loss narrowed 75% from 2Q 2020). Price Target Changed • Jul 07
Price target increased to €0.42 Up from €0.38, the current price target is an average from 5 analysts. New target price is 12% below last closing price of €0.48. Stock is down 77% over the past year. Executive Departure • Mar 04
Independent Vice Chairman of Supervisory Board Pascal Bazin has left the company On the 26th of February, Pascal Bazin's tenure as Independent Vice Chairman of Supervisory Board ended after 5.7 years in the role. As of December 2020, Pascal personally held only 3.50k shares (€2.6k worth at the time). A total of 12 executives have left over the last 12 months. Executive Departure • Mar 04
Member of Supervisory Board has left the company On the 26th of February, Sophie Flak's tenure as Member of Supervisory Board ended after less than a year in the role. We don't have any record of a personal shareholding under Sophie's name. A total of 12 executives have left over the last 12 months. Executive Departure • Mar 04
Member of Supervisory Board has left the company On the 26th of February, Patrick Sayer's tenure as Member of Supervisory Board ended after 6.0 years in the role. As of December 2020, Patrick personally held 87.46k shares (€66k worth at the time). A total of 12 executives have left over the last 12 months. Executive Departure • Mar 04
Independent Chairman of Supervisory Board Jean-Paul Bailly has left the company On the 26th of February, Jean-Paul Bailly's tenure as Independent Chairman of Supervisory Board ended after 5.7 years in the role. As of December 2020, Jean-Paul personally held only 500.00 shares (€378 worth at the time). A total of 12 executives have left over the last 12 months. Price Target Changed • Mar 03
Price target lowered to €0.38 Down from €0.47, the current price target is an average from 6 analysts. The new target price is 48% above the current share price of €0.26. As of last close, the stock is down 92% over the past year. Is New 90 Day High Low • Feb 25
New 90-day low: €0.29 The company is down 75% from its price of €1.17 on 26 November 2020. The French market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Transportation industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.73 per share. Is New 90 Day High Low • Feb 08
New 90-day low: €0.44 The company is down 43% from its price of €0.78 on 10 November 2020. The French market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Transportation industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.73 per share. Major Estimate Revision • Nov 28
Analysts update estimates The company's losses in 2020 are expected to improve with analysts raising their consensus EPS forecasts from -€2.67 to -€2.33. Revenue estimate was approximately flat at €1.88b. The Transportation industry in France is expected to see a 3.1% decline in net income next year. The consensus price target was lowered from €1.01 to €0.59. Share price is up 9.1% to €1.00 over the past week. Reported Earnings • Nov 01
Third quarter earnings released Over the last 12 months the company has reported total losses of €326.2m, with earnings decreasing by €357.8m from the prior year. Total revenue was €2.06b over the last 12 months, down 30% from the prior year. Analyst Estimate Surprise Post Earnings • Nov 01
Third-quarter earnings released: Revenue beats expectations Third-quarter revenue exceeded analyst estimates by 1.0% at €537.2m. Revenue is forecast to grow 8.2% over the next year, compared to a 8.5% decline forecast for the Transportation industry in France. Major Estimate Revision • Oct 27
Analysts lower EPS estimates to -€2.47 The 2020 consensus revenue estimate was lowered from €1.93b to €1.87b. The company's losses are expected to worsen with analysts lowering their EPS forecasts from -€2.01 to -€2.47 for the same period. The Transportation industry in France is expected to see a 7.9% decline in net income next year. The consensus price target was lowered from €1.88 to €1.39. Share price is down by 12% to €0.59 over the past week. Price Target Changed • Oct 20
Price target lowered to €1.61 Down from €1.94, the current price target is an average from 6 analysts. The new target price is 140% above the current share price of €0.67. As of last close, the stock is down 86% over the past year. Is New 90 Day High Low • Sep 22
New 90-day low: €0.56 The company is down 77% from its price of €2.41 on 24 June 2020. The French market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Transportation industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.72 per share.