New Risk • Dec 31
New major risk - Revenue and earnings growth Revenue has declined by 13% over the past year. 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 revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue 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 Shares are highly illiquid. Revenue has declined by 13% over the past year. Market cap is less than US$10m (€135.0k market cap, or US$158.6k). Buy Or Sell Opportunity • Dec 01
Now 25% undervalued The stock has been flat over the last 90 days, currently trading at €0.094. The fair value is estimated to be €0.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.0% over the last 3 years. Meanwhile, the company became loss making. Board Change • Nov 17
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. No independent directors (4 non-independent directors). Deputy MD & Director Vincent Stempfer was the last 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: Lack of independent directors. Insufficient board refreshment. 공고 • Oct 27
Cerinnov Group SA, Annual General Meeting, Nov 28, 2025 Cerinnov Group SA, Annual General Meeting, Nov 28, 2025. Location: condat sur vienne France New Risk • Jun 30
New major risk - Revenue and earnings growth Revenue has declined by 0.5% over the past year. 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 revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue 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 Revenue has declined by 0.5% over the past year. Market cap is less than US$10m (€2.49m market cap, or US$2.91m). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). New Risk • Mar 31
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. 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 Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Market cap is less than US$10m (€2.69m market cap, or US$2.91m). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Currently unprofitable and not forecast to become profitable over next 2 years (€252k net loss in 2 years). New Risk • Mar 03
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Market cap is less than US$10m (€3.06m market cap, or US$3.17m). Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to €1.62, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Machinery industry in Germany. Total loss to shareholders of 60% over the past year. New Risk • Jul 05
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.7% 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: Major Risk Market cap is less than US$10m (€6.53m market cap, or US$7.08m). Minor Risks High level of debt (140% net debt to equity). Share price has been volatile over the past 3 months (7.5% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.7% increase in shares outstanding). Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to €1.37, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Machinery industry in Germany. Total loss to shareholders of 59% over the past year. Reported Earnings • Apr 12
Full year 2023 earnings released: EPS: €0.03 (vs €0.084 loss in FY 2022) Full year 2023 results: EPS: €0.03 (up from €0.084 loss in FY 2022). Revenue: €15.6m (up 3.5% from FY 2022). Net income: €114.0k (up €490.0k from FY 2022). Profit margin: 0.7% (up from net loss in FY 2022). Revenue is forecast to grow 9.3% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the Machinery industry in Germany. New Risk • Mar 31
New minor risk - Financial data availability The 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: Major Risk Market cap is less than US$10m (€8.93m market cap, or US$9.63m). Minor Risks High level of debt (172% net debt to equity). 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 (8.0% average weekly change). New Risk • Mar 27
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €9.04m (US$9.79m) This is considered a major 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 Market cap is less than US$10m (€9.04m market cap, or US$9.79m). Minor Risks High level of debt (172% net debt to equity). Share price has been volatile over the past 3 months (8.1% average weekly change). Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €2.84, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Machinery industry in Germany. Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to €2.78, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 10x in the Machinery industry in Germany. New Risk • Oct 26
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €9.35m (US$9.85m) This is considered a major 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 Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Market cap is less than US$10m (€9.35m market cap, or US$9.85m). Minor Risk High level of debt (172% net debt to equity). Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to €2.09, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 10x in the Machinery industry in Germany. Valuation Update With 7 Day Price Move • Oct 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €2.58, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 10x in the Machinery industry in Germany. Valuation Update With 7 Day Price Move • Sep 20
Investor sentiment deteriorates as stock falls 38% After last week's 38% share price decline to €2.37, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Machinery industry in Germany. New Risk • Sep 15
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 173% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.9% average weekly change). Minor Risks High level of debt (173% net debt to equity). Market cap is less than US$100m (€12.5m market cap, or US$13.3m). Board Change • Mar 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). Independent Director Patrick Leprat was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.