View Past PerformanceBittnet Systems バランスシートの健全性財務の健全性 基準チェック /66Bittnet Systemsの総株主資本はRON62.6M 、総負債はRON55.1Mで、負債比率は88%となります。総資産と総負債はそれぞれRON232.3MとRON169.7Mです。 Bittnet Systemsの EBIT はRON5.0Mで、利息カバレッジ比率0.9です。現金および短期投資はRON38.6Mです。主要情報87.97%負債資本比率RON 55.11m負債インタレスト・カバレッジ・レシオ0.9x現金RON 38.61mエクイティRON 62.65m負債合計RON 169.69m総資産RON 232.34m財務の健全性に関する最新情報分析記事 • Jul 26We Think Bittnet Systems (BVB:BNET) Can Stay On Top Of Its DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...分析記事 • Jan 05Here's Why Bittnet Systems (BVB:BNET) Can Manage Its Debt ResponsiblyThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...分析記事 • May 13Is Bittnet Systems (BVB:BNET) A Risky Investment?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...分析記事 • Dec 20Bittnet Systems (BVB:BNET) Seems To Use Debt Quite SensiblyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...すべての更新を表示Recent updatesお知らせ • Jun 02Bittnet Systems SA to Report First Half, 2026 Results on Sep 02, 2026Bittnet Systems SA announced that they will report first half, 2026 results on Sep 02, 2026お知らせ • Jun 01Bittnet Systems SA to Report Q3, 2026 Results on Nov 27, 2026Bittnet Systems SA announced that they will report Q3, 2026 results on Nov 27, 2026Reported Earnings • May 31First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: RON53.3m (up 15% from 1Q 2025). Net loss: RON3.63m (loss narrowed 62% from 1Q 2025). Revenue is expected to decline by 7.7% p.a. on average during the next 3 years, while revenues in the IT industry in Europe are expected to grow by 4.5%. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings.Reported Earnings • Mar 02Full year 2025 earnings released: RON0.01 loss per share (vs RON0.01 loss in FY 2024)Full year 2025 results: RON0.01 loss per share (in line with FY 2024). Revenue: RON394.3m (down 2.4% from FY 2024). Net loss: RON6.12m (flat on FY 2024). Revenue is expected to decline by 7.5% p.a. on average during the next 3 years, while revenues in the IT industry in Europe are expected to grow by 4.3%. Over the last 3 years on average, earnings per share has fallen by 24% per year whereas the company’s share price has fallen by 28% per year.Board Change • Dec 15Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Price Target Changed • Dec 04Price target decreased by 41% to RON0.11Down from RON0.19, the current price target is provided by 1 analyst. New target price is 6.8% below last closing price of RON0.12. Stock is down 26% over the past year. The company posted a net loss per share of RON0.0097 last year.Reported Earnings • Nov 30Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: RON69.8m (down 47% from 3Q 2024). Net loss: RON871.1k (loss narrowed 35% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.分析記事 • Oct 03Even With A 43% Surge, Cautious Investors Are Not Rewarding Bittnet Systems SA's (BVB:BNET) Performance CompletelyBittnet Systems SA ( BVB:BNET ) shares have had a really impressive month, gaining 43% after a shaky period beforehand...New Risk • Oct 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Romanian stocks, typically moving 7.8% 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: Major Risk Earnings have declined by 56% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Market cap is less than US$100m (RON92.6m market cap, or US$21.3m).Reported Earnings • Sep 01Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: RON57.5m (down 56% from 2Q 2024). Net loss: RON8.16m (down 334% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings.分析記事 • Jul 26We Think Bittnet Systems (BVB:BNET) Can Stay On Top Of Its DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...Buy Or Sell Opportunity • Jun 05Now 28% overvaluedOver the last 90 days, the stock has fallen 4.1% to RON0.17. The fair value is estimated to be RON0.13, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 39% over the last 3 years. Meanwhile, the company became loss making.Reported Earnings • Jun 02First quarter 2025 earnings releasedFirst quarter 2025 results: Revenue: RON46.4m (up 5.2% from 1Q 2024). Net loss: RON9.44m (loss widened 3.1% from 1Q 2024).お知らせ • May 28Arctic Stream S.A. (BVB : AST) signed a share purchase agreement to acquire 50.20% stake in IT Prepared SRL from Bittnet Systems SA (BVB:BNET) for RON 6.12 million.Arctic Stream S.A. (BVB : AST) signed a share purchase agreement to acquire 50.20% stake in IT Prepared SRL from Bittnet Systems SA (BVB:BNET) for RON 6.12 million on May 27, 2025. IT Prepared SRL will be rebranded as Optimizor. The transaction price of RON 6.12 million will be paid within 5 business days from the signing of the share purchase agreement. The expected completion of the transaction is within 5 working days from the signing of the share sale-purchase agreement.分析記事 • Mar 08Statutory Profit Doesn't Reflect How Good Bittnet Systems' (BVB:BNET) Earnings AreThe subdued stock price reaction suggests that Bittnet Systems SA's ( BVB:BNET ) strong earnings didn't offer any...Reported Earnings • Mar 04Full year 2024 earnings released: EPS: RON0.01 (vs RON0.008 loss in FY 2023)Full year 2024 results: EPS: RON0.01 (up from RON0.008 loss in FY 2023). Revenue: RON418.9m (up 12% from FY 2023). Net income: RON6.51m (up RON11.1m from FY 2023). Profit margin: 1.6% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.分析記事 • Jan 10Bittnet Systems SA's (BVB:BNET) Subdued P/S Might Signal An OpportunityBittnet Systems SA's ( BVB:BNET ) price-to-sales (or "P/S") ratio of 0.3x may look like a pretty appealing investment...Reported Earnings • Nov 18Third quarter 2024 earnings released: RON0.002 loss per share (vs RON0.002 profit in 3Q 2023)Third quarter 2024 results: RON0.002 loss per share (down from RON0.002 profit in 3Q 2023). Revenue: RON131.9m (flat on 3Q 2023). Net loss: RON1.34m (down 230% from profit in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance.Reported Earnings • Sep 03Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: RON132.1m (up 43% from 2Q 2023). Net income: RON3.49m (up RON7.21m from 2Q 2023). Profit margin: 2.6% (up from net loss in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance.Reported Earnings • May 16First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: RON44.1m (down 18% from 1Q 2023). Net loss: RON9.15m (loss widened 222% from 1Q 2023).Reported Earnings • Feb 26Full year 2023 earnings released: RON0.008 loss per share (vs RON0.01 loss in FY 2022)Full year 2023 results: RON0.008 loss per share (improved from RON0.01 loss in FY 2022). Revenue: RON383.2m (up 99% from FY 2022). Net loss: RON4.78m (loss narrowed 11% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance.Buy Or Sell Opportunity • Feb 25Now 22% overvaluedThe stock has been flat over the last 90 days, currently trading at RON0.27. The fair value is estimated to be RON0.22, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 47% over the last 3 years. Meanwhile, the company became loss making.Reported Earnings • Nov 13Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: RON132.0m (up 222% from 3Q 2022). Net income: RON1.03m (up RON4.13m from 3Q 2022). Profit margin: 0.8% (up from net loss in 3Q 2022).New Risk • Sep 11New major risk - Revenue and earnings growthEarnings have declined by 12% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 12% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (RON159.2m market cap, or US$34.3m).Price Target Changed • Dec 21Price target decreased to RON0.30Down from RON0.35, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of RON0.29. Stock is down 6.3% over the past year. The company posted earnings per share of RON0.026 last year.お知らせ • Dec 14Bittnet Systems SA (BVB:BNET) and Dendrio Solutions S.R.L. entered into an agreement to acquire 70% stake in Dataware Consulting Srl for RON 18.6 millionBittnet Systems SA (BVB:BNET) and Dendrio Solutions S.R.L. entered into an agreement to acquire 70% stake in Dataware Consulting Srl for RON 18.6 million on December 12, 2022. Dendrio Solutions will pay RON 13.6 million in cash and Bittnet Systems will issue shares of RON 5 million as consideration. The remaining 30% of Dataware will remain the property of the company's founders. The transaction is subject to approval by the Competition Council. In 2021 Dataware Consulting recorded total revenues of RON 28 million and a gross profit of RON 3.5 million. The transaction is expected to close in the first half of 2023.Price Target Changed • Nov 16Price target increased to RON0.35Up from RON0.32, the current price target is provided by 1 analyst. New target price is 20% above last closing price of RON0.29. Stock is down 3.9% over the past year. The company posted earnings per share of RON0.026 last year.Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). VP of Education & Member of Advisory Board Dan Berteanu was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Price Target Changed • Aug 09Price target increased to RON0.35Up from RON0.32, the current price target is provided by 1 analyst. New target price is 22% above last closing price of RON0.29. Stock is down 18% over the past year. The company posted earnings per share of RON0.026 last year.分析記事 • Jul 22Bittnet Systems (BVB:BNET) Is Reinvesting At Lower Rates Of ReturnWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...お知らせ • Jun 15Agista Management agreed to acquire 12% stake in Dendrio Solutions S.R.L. from Bittnet Systems SA (BVB : BNET) for RON 7.5 million.Agista Management agreed to acquire 12% stake in Dendrio Solutions S.R.L. from Bittnet Systems SA (BVB : BNET) for RON 7.5 million on June 14, 2022. In 2021, Dendrio made an operating profit of RON 5.41 million on a turnover of RON 87 million.Price Target Changed • Apr 27Price target decreased to RON0.36Down from RON0.79, the current price target is provided by 1 analyst. New target price is 13% above last closing price of RON0.32. Stock is down 26% over the past year. The company posted earnings per share of RON0.029 last year.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Member of Advisory Board Dan Berteanu was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Buying Opportunity • Mar 07Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 9.3%. The fair value is estimated to be RON0.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% per annum over the last 3 years. Earnings per share has grown by 42% per annum over the last 3 years.分析記事 • Jan 05Here's Why Bittnet Systems (BVB:BNET) Can Manage Its Debt ResponsiblyThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...お知らせ • Dec 15Bittnet Systems SA (BVB:BNET) signed an agreement to acquire a 74% stake in Global Resolution Experts (GRX).Bittnet Systems SA (BVB:BNET) signed an agreement to acquire a 74% stake in Global Resolution Experts (GRX) on December 14, 2021. The transaction price will be established after auditing the financial results for 2021 and will be paid in two instalments. The first tranche, RON 5.15 million, will be unblocked and paid to the founding shareholders of GRX after fulfilling some suspensive conditions such as the transformation of GRX into a joint-stock company, the adoption of the new articles of association of the company, the appointment of new directors - estimated December 2021.分析記事 • Nov 18There Are Some Reasons To Suggest That Bittnet Systems' (BVB:BNET) Earnings A Poor Reflection Of ProfitabilityShareholders didn't seem to be thrilled with Bittnet Systems SA's ( BVB:BNET ) recent earnings report, despite healthy...Reported Earnings • Nov 18Third quarter 2021 earnings releasedThe company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: RON33.8m (up 64% from 3Q 2020). Net income: RON7.95m (up RON10.4m from 3Q 2020). Profit margin: 24% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue.Price Target Changed • Sep 01Price target increased to RON0.79Up from RON0.46, the current price target is provided by 1 analyst. New target price is 114% above last closing price of RON0.37. Stock is down 9.6% over the past year.お知らせ • Jun 30Bittnet Systems SA (BVB:BNET) acquired 20% stake in DataScript s.r.o. for €0.28 million ($0.33 million).Bittnet Systems SA (BVB:BNET) acquired 20% stake in DataScript s.r.o. for €0.28 million ($0.33 million) on June 28, 2021. Bittnet Systems SA (BVB:BNET) completed the acquisition of 20% stake in DataScript s.r.o. on June 28, 2021.分析記事 • Jun 08Capital Allocation Trends At Bittnet Systems (BVB:BNET) Aren't IdealIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'll...分析記事 • May 13Is Bittnet Systems (BVB:BNET) A Risky Investment?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...分析記事 • Feb 11Should You Be Worried About Bittnet Systems SA's (BVB:BNET) 10% Return On Equity?While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...分析記事 • Dec 20Bittnet Systems (BVB:BNET) Seems To Use Debt Quite SensiblyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Is New 90 Day High Low • Nov 02New 90-day high: RON0.73The company is up 7.0% from its price of RON0.68 on 04 August 2020. The Romanian market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 9.0% over the same period.お知らせ • Oct 15Bittnet Systems SA (BVB:BNET) agreed to acquire a 25% stake in Softbinator Technologies SA for an enterprise value of $2 million.Bittnet Systems SA (BVB:BNET) agreed to acquire a 25% stake in Softbinator Technologies SA for an enterprise value of $2 million on October 13, 2020. Under the terms of the transaction, Bittnet will pay the consideration in a mix of cash and Bittnet shares. Softbinator reported revenues of $1.3 billion (RON 5.4 billion) in the first half of 2020. The transaction is subject to the approval of the Extraordinary General Meeting of Shareholders of Bittnet in November 2020.財務状況分析短期負債: BNETの 短期資産 ( RON122.5M ) が 短期負債 ( RON122.3M ) を超えています。長期負債: BNETの短期資産 ( RON122.5M ) が 長期負債 ( RON47.4M ) を上回っています。デット・ツー・エクイティの歴史と分析負債レベル: BNETの 純負債対資本比率 ( 26.3% ) は 満足できる 水準であると考えられます。負債の削減: BNETの負債対資本比率は、過去 5 年間で106.3%から88%に減少しました。貸借対照表キャッシュ・ランウェイ分析過去に平均して赤字であった企業については、少なくとも1年間のキャッシュ・ランウェイがあるかどうかを評価する。安定したキャッシュランウェイ: 利益は出ていないものの、 BNETは現在のプラスの フリーキャッシュフロー レベルを維持すれば、3 年以上は十分な キャッシュランウェイ を有しています。キャッシュランウェイの予測: BNETは利益は出ていませんが、フリーキャッシュフローがプラスであり、年間28.9 % 増加しているため、3 年以上は十分なキャッシュランウェイがあります。健全な企業の発掘7D1Y7D1Y7D1YSoftware 業界の健全な企業。View Dividend企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/21 10:42終値2026/06/19 00:00収益2026/03/31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このレポートを生成するために使用した分析モデルの詳細は、当社の Github ページ でご覧いただけます。また、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Bittnet Systems SA 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。1 アナリスト機関Ionut GavrisIpopema Securities S.A.
分析記事 • Jul 26We Think Bittnet Systems (BVB:BNET) Can Stay On Top Of Its DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
分析記事 • Jan 05Here's Why Bittnet Systems (BVB:BNET) Can Manage Its Debt ResponsiblyThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
分析記事 • May 13Is Bittnet Systems (BVB:BNET) A Risky Investment?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
分析記事 • Dec 20Bittnet Systems (BVB:BNET) Seems To Use Debt Quite SensiblyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
お知らせ • Jun 02Bittnet Systems SA to Report First Half, 2026 Results on Sep 02, 2026Bittnet Systems SA announced that they will report first half, 2026 results on Sep 02, 2026
お知らせ • Jun 01Bittnet Systems SA to Report Q3, 2026 Results on Nov 27, 2026Bittnet Systems SA announced that they will report Q3, 2026 results on Nov 27, 2026
Reported Earnings • May 31First quarter 2026 earnings releasedFirst quarter 2026 results: Revenue: RON53.3m (up 15% from 1Q 2025). Net loss: RON3.63m (loss narrowed 62% from 1Q 2025). Revenue is expected to decline by 7.7% p.a. on average during the next 3 years, while revenues in the IT industry in Europe are expected to grow by 4.5%. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Mar 02Full year 2025 earnings released: RON0.01 loss per share (vs RON0.01 loss in FY 2024)Full year 2025 results: RON0.01 loss per share (in line with FY 2024). Revenue: RON394.3m (down 2.4% from FY 2024). Net loss: RON6.12m (flat on FY 2024). Revenue is expected to decline by 7.5% p.a. on average during the next 3 years, while revenues in the IT industry in Europe are expected to grow by 4.3%. Over the last 3 years on average, earnings per share has fallen by 24% per year whereas the company’s share price has fallen by 28% per year.
Board Change • Dec 15Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Price Target Changed • Dec 04Price target decreased by 41% to RON0.11Down from RON0.19, the current price target is provided by 1 analyst. New target price is 6.8% below last closing price of RON0.12. Stock is down 26% over the past year. The company posted a net loss per share of RON0.0097 last year.
Reported Earnings • Nov 30Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: RON69.8m (down 47% from 3Q 2024). Net loss: RON871.1k (loss narrowed 35% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.
分析記事 • Oct 03Even With A 43% Surge, Cautious Investors Are Not Rewarding Bittnet Systems SA's (BVB:BNET) Performance CompletelyBittnet Systems SA ( BVB:BNET ) shares have had a really impressive month, gaining 43% after a shaky period beforehand...
New Risk • Oct 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Romanian stocks, typically moving 7.8% 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: Major Risk Earnings have declined by 56% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Market cap is less than US$100m (RON92.6m market cap, or US$21.3m).
Reported Earnings • Sep 01Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: RON57.5m (down 56% from 2Q 2024). Net loss: RON8.16m (down 334% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings.
分析記事 • Jul 26We Think Bittnet Systems (BVB:BNET) Can Stay On Top Of Its DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
Buy Or Sell Opportunity • Jun 05Now 28% overvaluedOver the last 90 days, the stock has fallen 4.1% to RON0.17. The fair value is estimated to be RON0.13, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 39% over the last 3 years. Meanwhile, the company became loss making.
Reported Earnings • Jun 02First quarter 2025 earnings releasedFirst quarter 2025 results: Revenue: RON46.4m (up 5.2% from 1Q 2024). Net loss: RON9.44m (loss widened 3.1% from 1Q 2024).
お知らせ • May 28Arctic Stream S.A. (BVB : AST) signed a share purchase agreement to acquire 50.20% stake in IT Prepared SRL from Bittnet Systems SA (BVB:BNET) for RON 6.12 million.Arctic Stream S.A. (BVB : AST) signed a share purchase agreement to acquire 50.20% stake in IT Prepared SRL from Bittnet Systems SA (BVB:BNET) for RON 6.12 million on May 27, 2025. IT Prepared SRL will be rebranded as Optimizor. The transaction price of RON 6.12 million will be paid within 5 business days from the signing of the share purchase agreement. The expected completion of the transaction is within 5 working days from the signing of the share sale-purchase agreement.
分析記事 • Mar 08Statutory Profit Doesn't Reflect How Good Bittnet Systems' (BVB:BNET) Earnings AreThe subdued stock price reaction suggests that Bittnet Systems SA's ( BVB:BNET ) strong earnings didn't offer any...
Reported Earnings • Mar 04Full year 2024 earnings released: EPS: RON0.01 (vs RON0.008 loss in FY 2023)Full year 2024 results: EPS: RON0.01 (up from RON0.008 loss in FY 2023). Revenue: RON418.9m (up 12% from FY 2023). Net income: RON6.51m (up RON11.1m from FY 2023). Profit margin: 1.6% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.
分析記事 • Jan 10Bittnet Systems SA's (BVB:BNET) Subdued P/S Might Signal An OpportunityBittnet Systems SA's ( BVB:BNET ) price-to-sales (or "P/S") ratio of 0.3x may look like a pretty appealing investment...
Reported Earnings • Nov 18Third quarter 2024 earnings released: RON0.002 loss per share (vs RON0.002 profit in 3Q 2023)Third quarter 2024 results: RON0.002 loss per share (down from RON0.002 profit in 3Q 2023). Revenue: RON131.9m (flat on 3Q 2023). Net loss: RON1.34m (down 230% from profit in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance.
Reported Earnings • Sep 03Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: RON132.1m (up 43% from 2Q 2023). Net income: RON3.49m (up RON7.21m from 2Q 2023). Profit margin: 2.6% (up from net loss in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 16First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: RON44.1m (down 18% from 1Q 2023). Net loss: RON9.15m (loss widened 222% from 1Q 2023).
Reported Earnings • Feb 26Full year 2023 earnings released: RON0.008 loss per share (vs RON0.01 loss in FY 2022)Full year 2023 results: RON0.008 loss per share (improved from RON0.01 loss in FY 2022). Revenue: RON383.2m (up 99% from FY 2022). Net loss: RON4.78m (loss narrowed 11% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance.
Buy Or Sell Opportunity • Feb 25Now 22% overvaluedThe stock has been flat over the last 90 days, currently trading at RON0.27. The fair value is estimated to be RON0.22, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 47% over the last 3 years. Meanwhile, the company became loss making.
Reported Earnings • Nov 13Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: RON132.0m (up 222% from 3Q 2022). Net income: RON1.03m (up RON4.13m from 3Q 2022). Profit margin: 0.8% (up from net loss in 3Q 2022).
New Risk • Sep 11New major risk - Revenue and earnings growthEarnings have declined by 12% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 12% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (RON159.2m market cap, or US$34.3m).
Price Target Changed • Dec 21Price target decreased to RON0.30Down from RON0.35, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of RON0.29. Stock is down 6.3% over the past year. The company posted earnings per share of RON0.026 last year.
お知らせ • Dec 14Bittnet Systems SA (BVB:BNET) and Dendrio Solutions S.R.L. entered into an agreement to acquire 70% stake in Dataware Consulting Srl for RON 18.6 millionBittnet Systems SA (BVB:BNET) and Dendrio Solutions S.R.L. entered into an agreement to acquire 70% stake in Dataware Consulting Srl for RON 18.6 million on December 12, 2022. Dendrio Solutions will pay RON 13.6 million in cash and Bittnet Systems will issue shares of RON 5 million as consideration. The remaining 30% of Dataware will remain the property of the company's founders. The transaction is subject to approval by the Competition Council. In 2021 Dataware Consulting recorded total revenues of RON 28 million and a gross profit of RON 3.5 million. The transaction is expected to close in the first half of 2023.
Price Target Changed • Nov 16Price target increased to RON0.35Up from RON0.32, the current price target is provided by 1 analyst. New target price is 20% above last closing price of RON0.29. Stock is down 3.9% over the past year. The company posted earnings per share of RON0.026 last year.
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). VP of Education & Member of Advisory Board Dan Berteanu was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Price Target Changed • Aug 09Price target increased to RON0.35Up from RON0.32, the current price target is provided by 1 analyst. New target price is 22% above last closing price of RON0.29. Stock is down 18% over the past year. The company posted earnings per share of RON0.026 last year.
分析記事 • Jul 22Bittnet Systems (BVB:BNET) Is Reinvesting At Lower Rates Of ReturnWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...
お知らせ • Jun 15Agista Management agreed to acquire 12% stake in Dendrio Solutions S.R.L. from Bittnet Systems SA (BVB : BNET) for RON 7.5 million.Agista Management agreed to acquire 12% stake in Dendrio Solutions S.R.L. from Bittnet Systems SA (BVB : BNET) for RON 7.5 million on June 14, 2022. In 2021, Dendrio made an operating profit of RON 5.41 million on a turnover of RON 87 million.
Price Target Changed • Apr 27Price target decreased to RON0.36Down from RON0.79, the current price target is provided by 1 analyst. New target price is 13% above last closing price of RON0.32. Stock is down 26% over the past year. The company posted earnings per share of RON0.029 last year.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Member of Advisory Board Dan Berteanu was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Buying Opportunity • Mar 07Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 9.3%. The fair value is estimated to be RON0.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% per annum over the last 3 years. Earnings per share has grown by 42% per annum over the last 3 years.
分析記事 • Jan 05Here's Why Bittnet Systems (BVB:BNET) Can Manage Its Debt ResponsiblyThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
お知らせ • Dec 15Bittnet Systems SA (BVB:BNET) signed an agreement to acquire a 74% stake in Global Resolution Experts (GRX).Bittnet Systems SA (BVB:BNET) signed an agreement to acquire a 74% stake in Global Resolution Experts (GRX) on December 14, 2021. The transaction price will be established after auditing the financial results for 2021 and will be paid in two instalments. The first tranche, RON 5.15 million, will be unblocked and paid to the founding shareholders of GRX after fulfilling some suspensive conditions such as the transformation of GRX into a joint-stock company, the adoption of the new articles of association of the company, the appointment of new directors - estimated December 2021.
分析記事 • Nov 18There Are Some Reasons To Suggest That Bittnet Systems' (BVB:BNET) Earnings A Poor Reflection Of ProfitabilityShareholders didn't seem to be thrilled with Bittnet Systems SA's ( BVB:BNET ) recent earnings report, despite healthy...
Reported Earnings • Nov 18Third quarter 2021 earnings releasedThe company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: RON33.8m (up 64% from 3Q 2020). Net income: RON7.95m (up RON10.4m from 3Q 2020). Profit margin: 24% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue.
Price Target Changed • Sep 01Price target increased to RON0.79Up from RON0.46, the current price target is provided by 1 analyst. New target price is 114% above last closing price of RON0.37. Stock is down 9.6% over the past year.
お知らせ • Jun 30Bittnet Systems SA (BVB:BNET) acquired 20% stake in DataScript s.r.o. for €0.28 million ($0.33 million).Bittnet Systems SA (BVB:BNET) acquired 20% stake in DataScript s.r.o. for €0.28 million ($0.33 million) on June 28, 2021. Bittnet Systems SA (BVB:BNET) completed the acquisition of 20% stake in DataScript s.r.o. on June 28, 2021.
分析記事 • Jun 08Capital Allocation Trends At Bittnet Systems (BVB:BNET) Aren't IdealIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'll...
分析記事 • May 13Is Bittnet Systems (BVB:BNET) A Risky Investment?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
分析記事 • Feb 11Should You Be Worried About Bittnet Systems SA's (BVB:BNET) 10% Return On Equity?While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
分析記事 • Dec 20Bittnet Systems (BVB:BNET) Seems To Use Debt Quite SensiblyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Is New 90 Day High Low • Nov 02New 90-day high: RON0.73The company is up 7.0% from its price of RON0.68 on 04 August 2020. The Romanian market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 9.0% over the same period.
お知らせ • Oct 15Bittnet Systems SA (BVB:BNET) agreed to acquire a 25% stake in Softbinator Technologies SA for an enterprise value of $2 million.Bittnet Systems SA (BVB:BNET) agreed to acquire a 25% stake in Softbinator Technologies SA for an enterprise value of $2 million on October 13, 2020. Under the terms of the transaction, Bittnet will pay the consideration in a mix of cash and Bittnet shares. Softbinator reported revenues of $1.3 billion (RON 5.4 billion) in the first half of 2020. The transaction is subject to the approval of the Extraordinary General Meeting of Shareholders of Bittnet in November 2020.