View Future GrowthBelysse Group 과거 순이익 실적과거 기준 점검 0/6Belysse Group은 연평균 40.5%의 비율로 수입이 증가해 온 반면, Consumer Durables 산업은 연평균 3.4%의 비율로 감소했습니다. 매출은 연평균 2.9%의 비율로 증가했습니다.핵심 정보40.46%순이익 성장률40.38%주당순이익(EPS) 성장률Consumer Durables 산업 성장률-22.91%매출 성장률2.91%자기자본이익률-8.87%순이익률-2.61%다음 순이익 업데이트04 Sep 2026최근 과거 실적 업데이트공시 • Jan 14+ 1 more updateBelysse Group NV to Report Fiscal Year 2025 Results on Mar 13, 2026Belysse Group NV announced that they will report fiscal year 2025 results on Mar 13, 2026공시 • Feb 11Belysse Group NV to Report First Half, 2025 Results on Sep 05, 2025Belysse Group NV announced that they will report first half, 2025 results on Sep 05, 2025공시 • Oct 21Belysse Group NV to Report Fiscal Year 2024 Results on Mar 07, 2025Belysse Group NV announced that they will report fiscal year 2024 results on Mar 07, 2025Reported Earnings • Aug 26First half 2024 earnings released: EPS: €0.29 (vs €0.28 loss in 1H 2023)First half 2024 results: EPS: €0.29 (up from €0.28 loss in 1H 2023). Revenue: €144.7m (down 7.0% from 1H 2023). Net income: €10.5m (up €20.5m from 1H 2023). Profit margin: 7.3% (up from net loss in 1H 2023). The move to profitability was driven by lower expenses. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings.Reported Earnings • Apr 22Full year 2023 earnings released: €0.31 loss per share (vs €0.37 loss in FY 2022)Full year 2023 results: €0.31 loss per share (improved from €0.37 loss in FY 2022). Revenue: €300.9m (down 11% from FY 2022). Net loss: €11.1m (loss narrowed 17% from FY 2022). Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings.공시 • Mar 27Belysse Group NV to Report First Half, 2024 Results on Aug 23, 2024Belysse Group NV announced that they will report first half, 2024 results on Aug 23, 2024모든 업데이트 보기Recent updatesBoard Change • May 21Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Johan Deburchgrave was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공시 • Apr 27Belysse Group NV, Annual General Meeting, May 27, 2026Belysse Group NV, Annual General Meeting, May 27, 2026, at 11:00 Romance Standard Time.공시 • Jan 14+ 1 more updateBelysse Group NV to Report Fiscal Year 2025 Results on Mar 13, 2026Belysse Group NV announced that they will report fiscal year 2025 results on Mar 13, 2026Buy Or Sell Opportunity • Jan 07Now 31% undervalued after recent price dropOver the last 90 days, the stock has fallen 19% to €0.74. The fair value is estimated to be €1.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.8% over the last 3 years. Meanwhile, the company became loss making.Board Change • Dec 30Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. 3 independent directors (6 non-independent directors). Independent director Vanessa Temple was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.공시 • Apr 28Belysse Group NV, Annual General Meeting, May 28, 2025Belysse Group NV, Annual General Meeting, May 28, 2025, at 11:00 Romance Standard Time.공시 • Feb 11Belysse Group NV to Report First Half, 2025 Results on Sep 05, 2025Belysse Group NV announced that they will report first half, 2025 results on Sep 05, 2025공시 • Oct 21Belysse Group NV to Report Fiscal Year 2024 Results on Mar 07, 2025Belysse Group NV announced that they will report fiscal year 2024 results on Mar 07, 2025Reported Earnings • Aug 26First half 2024 earnings released: EPS: €0.29 (vs €0.28 loss in 1H 2023)First half 2024 results: EPS: €0.29 (up from €0.28 loss in 1H 2023). Revenue: €144.7m (down 7.0% from 1H 2023). Net income: €10.5m (up €20.5m from 1H 2023). Profit margin: 7.3% (up from net loss in 1H 2023). The move to profitability was driven by lower expenses. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings.New Risk • Aug 25New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.0x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.0x net interest cover). Earnings are forecast to decline by an average of 17% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Market cap is less than US$100m (€30.6m market cap, or US$34.2m).Reported Earnings • Apr 22Full year 2023 earnings released: €0.31 loss per share (vs €0.37 loss in FY 2022)Full year 2023 results: €0.31 loss per share (improved from €0.37 loss in FY 2022). Revenue: €300.9m (down 11% from FY 2022). Net loss: €11.1m (loss narrowed 17% from FY 2022). Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings.공시 • Apr 21Belysse Group NV, Annual General Meeting, May 22, 2024Belysse Group NV, Annual General Meeting, May 22, 2024, at 11:00 Central European Standard Time. Location: Franklin Rooseveltlaan 172-174 Waregem BelgiumBuy Or Sell Opportunity • Apr 05Now 23% undervaluedOver the last 90 days, the stock has risen 25% to €0.90. The fair value is estimated to be €1.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years, while earnings per share has been flat.공시 • Mar 27Belysse Group NV to Report First Half, 2024 Results on Aug 23, 2024Belysse Group NV announced that they will report first half, 2024 results on Aug 23, 2024Reported Earnings • Mar 03Full year 2023 earnings releasedFull year 2023 results: Revenue: €300.9m (down 11% from FY 2022). Net loss: €11.1m (loss narrowed 17% from FY 2022). Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Consumer Durables industry in Germany.New Risk • Feb 16New 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 (10% average weekly change). Market cap is less than US$100m (€23.7m market cap, or US$25.5m).공시 • Jan 24Belysse Group NV to Report Fiscal Year 2023 Results on Mar 01, 2024Belysse Group NV announced that they will report fiscal year 2023 results on Mar 01, 2024New Risk • Nov 04New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 9.4% 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 Risk Share price has been highly volatile over the past 3 months (9.4% average weekly change). Minor Risk Market cap is less than US$100m (€28.0m market cap, or US$30.1m).Breakeven Date Change • Oct 26Forecast breakeven date pushed back to 2024The 2 analysts covering Belysse Group previously expected the company to break even in 2023. New consensus forecast suggests losses will reduce by 99% to 2023. The company is expected to make a profit of €8.14m in 2024. Average annual earnings growth of 118% is required to achieve expected profit on schedule.New Risk • Aug 07New major risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 9.3% 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 (9.3% average weekly change). Market cap is less than US$100m (€35.9m market cap, or US$39.6m).Reported Earnings • Mar 04Full year 2022 earnings releasedFull year 2022 results: Revenue: €337.4m (up 22% from FY 2021). Net loss: €13.3m (loss narrowed 20% from FY 2021). Revenue is forecast to stay flat during the next 2 years compared to a 5.2% growth forecast for the Consumer Durables industry in Germany.공시 • Jan 04+ 4 more updatesBelysse Group NV to Report Q3, 2023 Results on Oct 26, 2023Belysse Group NV announced that they will report Q3, 2023 results on Oct 26, 2023Board 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. 9 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Tzachi Wiesenfeld was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Aug 28First half 2022 earnings released: €1.73 loss per share (vs €0.09 loss in 1H 2021)First half 2022 results: €1.73 loss per share (down from €0.09 loss in 1H 2021). Revenue: €164.2m (down 48% from 1H 2021). Net loss: €7.19m (loss widened 117% from 1H 2021). Over the next year, revenue is forecast to stay flat compared to a 2.0% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 115 percentage points per year, which is a significant difference in performance.Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Tzachi Wiesenfeld was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Feb 26Full year 2021 earnings: Revenues in line with analyst expectationsFull year 2021 results: Revenue: €276.8m (down 51% from FY 2020). Net loss: €16.5m (loss widened 31% from FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 90%, compared to a 7.7% growth forecast for the industry in Germany.Reported Earnings • Aug 29First half 2021 earnings released: €0.09 loss per share (vs €0.47 loss in 1H 2020)The company reported a solid first half result with reduced losses, improved revenues and improved control over expenses. First half 2021 results: Revenue: €318.3m (up 20% from 1H 2020). Net loss: €3.32m (loss narrowed 80% from 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance.Reported Earnings • Apr 29Full year 2020 earnings released: €0.35 loss per share (vs €0.29 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €561.8m (down 16% from FY 2019). Net loss: €12.6m (down 221% from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 45 percentage points per year, which is a significant difference in performance.Reported Earnings • Mar 11Full year 2020 earnings releasedThe company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €561.8m (down 16% from FY 2019). Net loss: €12.6m (down 221% from profit in FY 2019).Analyst Estimate Surprise Post Earnings • Mar 11Revenue beats expectationsRevenue exceeded analyst estimates by 2.5%. Over the next year, revenue is forecast to grow 15%, compared to a 8.3% growth forecast for the Consumer Durables industry in Germany.Is New 90 Day High Low • Feb 19New 90-day high: €2.45The company is up 36% from its price of €1.81 on 20 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.60 per share.Is New 90 Day High Low • Nov 10New 90-day high: €1.28The company is up 19% from its price of €1.08 on 11 August 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables 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 €3.05 per share.Is New 90 Day High Low • Oct 02New 90-day low: €1.01The company is down 9.0% from its price of €1.11 on 03 July 2020. The German market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.04 per share.매출 및 비용 세부 내역Belysse Group가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이DB:BDB 매출, 비용 및 순이익 (EUR Millions)날짜매출순이익일반관리비연구개발비31 Dec 25254-773030 Sep 25262-374030 Jun 25270075031 Mar 25275576031 Dec 242801177030 Sep 242851076030 Jun 24290975031 Mar 24295-176031 Dec 23301-1176030 Sep 23315-1478030 Jun 23329-1679031 Mar 23333-1579031 Dec 22337-1378030 Sep 22323-1484030 Jun 22309-1590031 Mar 22293-1686031 Dec 21277-1783030 Jun 21124-934031 Mar 21191-1355031 Dec 20258-1775030 Sep 20574-11153030 Jun 20586-9155031 Mar 206291161031 Dec 1967110167030 Sep 196739166030 Jun 196767164031 Mar 196617162031 Dec 186467159030 Sep 186485157030 Jun 186492154031 Mar 186674156031 Dec 176613151030 Sep 1763116146030 Jun 1760129140031 Mar 1756523131031 Dec 1655825130031 Dec 15557-441370양질의 수익: BDB 은(는) 현재 수익성이 없습니다.이익 마진 증가: BDB는 현재 수익성이 없습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: BDB는 수익성이 없지만 지난 5년 동안 연평균 40.5%의 속도로 손실을 줄였습니다.성장 가속화: 현재 수익성이 없어 지난 1년간 BDB의 수익 성장률을 5년 평균과 비교할 수 없습니다.수익 대 산업: BDB은 수익성이 없어 지난 해 수익 성장률을 Consumer Durables 업계(5.4%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: BDB는 현재 수익성이 없으므로 자본 수익률이 음수(-8.87%)입니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YConsumer-durables 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/21 19:42종가2026/05/21 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Belysse Group NV는 5명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Pierre Sylvain RousseauBarclaysPierre Sylvain RousseauBarclaysPriyal WoolfDeutsche Bank2명의 분석가 더 보기
공시 • Jan 14+ 1 more updateBelysse Group NV to Report Fiscal Year 2025 Results on Mar 13, 2026Belysse Group NV announced that they will report fiscal year 2025 results on Mar 13, 2026
공시 • Feb 11Belysse Group NV to Report First Half, 2025 Results on Sep 05, 2025Belysse Group NV announced that they will report first half, 2025 results on Sep 05, 2025
공시 • Oct 21Belysse Group NV to Report Fiscal Year 2024 Results on Mar 07, 2025Belysse Group NV announced that they will report fiscal year 2024 results on Mar 07, 2025
Reported Earnings • Aug 26First half 2024 earnings released: EPS: €0.29 (vs €0.28 loss in 1H 2023)First half 2024 results: EPS: €0.29 (up from €0.28 loss in 1H 2023). Revenue: €144.7m (down 7.0% from 1H 2023). Net income: €10.5m (up €20.5m from 1H 2023). Profit margin: 7.3% (up from net loss in 1H 2023). The move to profitability was driven by lower expenses. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings.
Reported Earnings • Apr 22Full year 2023 earnings released: €0.31 loss per share (vs €0.37 loss in FY 2022)Full year 2023 results: €0.31 loss per share (improved from €0.37 loss in FY 2022). Revenue: €300.9m (down 11% from FY 2022). Net loss: €11.1m (loss narrowed 17% from FY 2022). Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings.
공시 • Mar 27Belysse Group NV to Report First Half, 2024 Results on Aug 23, 2024Belysse Group NV announced that they will report first half, 2024 results on Aug 23, 2024
Board Change • May 21Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Johan Deburchgrave was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • Apr 27Belysse Group NV, Annual General Meeting, May 27, 2026Belysse Group NV, Annual General Meeting, May 27, 2026, at 11:00 Romance Standard Time.
공시 • Jan 14+ 1 more updateBelysse Group NV to Report Fiscal Year 2025 Results on Mar 13, 2026Belysse Group NV announced that they will report fiscal year 2025 results on Mar 13, 2026
Buy Or Sell Opportunity • Jan 07Now 31% undervalued after recent price dropOver the last 90 days, the stock has fallen 19% to €0.74. The fair value is estimated to be €1.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.8% over the last 3 years. Meanwhile, the company became loss making.
Board Change • Dec 30Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. 3 independent directors (6 non-independent directors). Independent director Vanessa Temple was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
공시 • Apr 28Belysse Group NV, Annual General Meeting, May 28, 2025Belysse Group NV, Annual General Meeting, May 28, 2025, at 11:00 Romance Standard Time.
공시 • Feb 11Belysse Group NV to Report First Half, 2025 Results on Sep 05, 2025Belysse Group NV announced that they will report first half, 2025 results on Sep 05, 2025
공시 • Oct 21Belysse Group NV to Report Fiscal Year 2024 Results on Mar 07, 2025Belysse Group NV announced that they will report fiscal year 2024 results on Mar 07, 2025
Reported Earnings • Aug 26First half 2024 earnings released: EPS: €0.29 (vs €0.28 loss in 1H 2023)First half 2024 results: EPS: €0.29 (up from €0.28 loss in 1H 2023). Revenue: €144.7m (down 7.0% from 1H 2023). Net income: €10.5m (up €20.5m from 1H 2023). Profit margin: 7.3% (up from net loss in 1H 2023). The move to profitability was driven by lower expenses. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings.
New Risk • Aug 25New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.0x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.0x net interest cover). Earnings are forecast to decline by an average of 17% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Market cap is less than US$100m (€30.6m market cap, or US$34.2m).
Reported Earnings • Apr 22Full year 2023 earnings released: €0.31 loss per share (vs €0.37 loss in FY 2022)Full year 2023 results: €0.31 loss per share (improved from €0.37 loss in FY 2022). Revenue: €300.9m (down 11% from FY 2022). Net loss: €11.1m (loss narrowed 17% from FY 2022). Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings.
공시 • Apr 21Belysse Group NV, Annual General Meeting, May 22, 2024Belysse Group NV, Annual General Meeting, May 22, 2024, at 11:00 Central European Standard Time. Location: Franklin Rooseveltlaan 172-174 Waregem Belgium
Buy Or Sell Opportunity • Apr 05Now 23% undervaluedOver the last 90 days, the stock has risen 25% to €0.90. The fair value is estimated to be €1.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years, while earnings per share has been flat.
공시 • Mar 27Belysse Group NV to Report First Half, 2024 Results on Aug 23, 2024Belysse Group NV announced that they will report first half, 2024 results on Aug 23, 2024
Reported Earnings • Mar 03Full year 2023 earnings releasedFull year 2023 results: Revenue: €300.9m (down 11% from FY 2022). Net loss: €11.1m (loss narrowed 17% from FY 2022). Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Consumer Durables industry in Germany.
New Risk • Feb 16New 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 (10% average weekly change). Market cap is less than US$100m (€23.7m market cap, or US$25.5m).
공시 • Jan 24Belysse Group NV to Report Fiscal Year 2023 Results on Mar 01, 2024Belysse Group NV announced that they will report fiscal year 2023 results on Mar 01, 2024
New Risk • Nov 04New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 9.4% 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 Risk Share price has been highly volatile over the past 3 months (9.4% average weekly change). Minor Risk Market cap is less than US$100m (€28.0m market cap, or US$30.1m).
Breakeven Date Change • Oct 26Forecast breakeven date pushed back to 2024The 2 analysts covering Belysse Group previously expected the company to break even in 2023. New consensus forecast suggests losses will reduce by 99% to 2023. The company is expected to make a profit of €8.14m in 2024. Average annual earnings growth of 118% is required to achieve expected profit on schedule.
New Risk • Aug 07New major risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 9.3% 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 (9.3% average weekly change). Market cap is less than US$100m (€35.9m market cap, or US$39.6m).
Reported Earnings • Mar 04Full year 2022 earnings releasedFull year 2022 results: Revenue: €337.4m (up 22% from FY 2021). Net loss: €13.3m (loss narrowed 20% from FY 2021). Revenue is forecast to stay flat during the next 2 years compared to a 5.2% growth forecast for the Consumer Durables industry in Germany.
공시 • Jan 04+ 4 more updatesBelysse Group NV to Report Q3, 2023 Results on Oct 26, 2023Belysse Group NV announced that they will report Q3, 2023 results on Oct 26, 2023
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. 9 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Tzachi Wiesenfeld was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Aug 28First half 2022 earnings released: €1.73 loss per share (vs €0.09 loss in 1H 2021)First half 2022 results: €1.73 loss per share (down from €0.09 loss in 1H 2021). Revenue: €164.2m (down 48% from 1H 2021). Net loss: €7.19m (loss widened 117% from 1H 2021). Over the next year, revenue is forecast to stay flat compared to a 2.0% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 115 percentage points per year, which is a significant difference in performance.
Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Tzachi Wiesenfeld was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Feb 26Full year 2021 earnings: Revenues in line with analyst expectationsFull year 2021 results: Revenue: €276.8m (down 51% from FY 2020). Net loss: €16.5m (loss widened 31% from FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 90%, compared to a 7.7% growth forecast for the industry in Germany.
Reported Earnings • Aug 29First half 2021 earnings released: €0.09 loss per share (vs €0.47 loss in 1H 2020)The company reported a solid first half result with reduced losses, improved revenues and improved control over expenses. First half 2021 results: Revenue: €318.3m (up 20% from 1H 2020). Net loss: €3.32m (loss narrowed 80% from 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance.
Reported Earnings • Apr 29Full year 2020 earnings released: €0.35 loss per share (vs €0.29 profit in FY 2019)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €561.8m (down 16% from FY 2019). Net loss: €12.6m (down 221% from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 45 percentage points per year, which is a significant difference in performance.
Reported Earnings • Mar 11Full year 2020 earnings releasedThe company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €561.8m (down 16% from FY 2019). Net loss: €12.6m (down 221% from profit in FY 2019).
Analyst Estimate Surprise Post Earnings • Mar 11Revenue beats expectationsRevenue exceeded analyst estimates by 2.5%. Over the next year, revenue is forecast to grow 15%, compared to a 8.3% growth forecast for the Consumer Durables industry in Germany.
Is New 90 Day High Low • Feb 19New 90-day high: €2.45The company is up 36% from its price of €1.81 on 20 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.60 per share.
Is New 90 Day High Low • Nov 10New 90-day high: €1.28The company is up 19% from its price of €1.08 on 11 August 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables 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 €3.05 per share.
Is New 90 Day High Low • Oct 02New 90-day low: €1.01The company is down 9.0% from its price of €1.11 on 03 July 2020. The German market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.04 per share.