공시 • Feb 04
Cofina, SGPS, S.A., Annual General Meeting, Feb 27, 2025 Cofina, SGPS, S.A., Annual General Meeting, Feb 27, 2025. Location: head office, rua manuel pinto de azevedo 818, porto Portugal New Risk • Nov 10
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 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 Risks Earnings have declined by 18% per year over the past 5 years. Revenue is less than US$1m (€13k revenue, or US$14k). Market cap is less than US$10m (€603.1k market cap, or US$646.4k). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. 공시 • May 09
Cofina, SGPS, S.A., Annual General Meeting, May 29, 2024 Cofina, SGPS, S.A., Annual General Meeting, May 29, 2024. Location: rua manuel pinto de azevedo 818, porto Portugal New Risk • Apr 16
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: Minor Risks High level of debt (46% net debt to equity). Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (€42.5m market cap, or US$45.1m). Board Change • Jan 13
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. 3 experienced directors. 7 highly experienced directors. 1 independent director (5 non-independent directors). Independent Non-Executive Director Laurentina da Silva Martins was the last independent director to join the board, commencing their role in 2020. 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 • Oct 05
First half 2023 earnings released: EPS: €0.022 (vs €0.032 in 1H 2022) First half 2023 results: EPS: €0.022 (down from €0.032 in 1H 2022). Revenue: €36.9m (down 1.7% from 1H 2022). Net income: €2.24m (down 31% from 1H 2022). Profit margin: 6.1% (down from 8.7% in 1H 2022). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. New Risk • Aug 09
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 16% 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 Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (€44.7m market cap, or US$49.1m). Board Change • Aug 09
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. 3 experienced directors. 7 highly experienced directors. 1 independent director (5 non-independent directors). Independent Non-Executive Director Laurentina da Silva Martins was the last independent director to join the board, commencing their role in 2020. 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 • Mar 25
Full year 2022 earnings released Full year 2022 results: Revenue: €76.0m (flat on FY 2021). Net income: €10.5m (up 147% from FY 2021). Profit margin: 14% (up from 5.6% in FY 2021). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Media industry in Germany. 공시 • Jan 27
Cofina, SGPS, S.A. to Report Fiscal Year 2022 Results on Mar 23, 2023 Cofina, SGPS, S.A. announced that they will report fiscal year 2022 results on Mar 23, 2023 Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Non-Executive Director Laurentina da Silva Martins was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 05
First half 2022 earnings released: EPS: €0.032 (vs €0.019 in 1H 2021) First half 2022 results: EPS: €0.032 (up from €0.019 in 1H 2021). Revenue: €37.6m (up 5.9% from 1H 2021). Net income: €3.26m (up 67% from 1H 2021). Profit margin: 8.7% (up from 5.5% in 1H 2021). The increase in margin was driven by higher revenue. Revenue is expected to decline by 1.0% p.a. on average during the next 3 years, while revenues in the Media industry in Germany are expected to grow by 5.1%. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 15% per year. Reported Earnings • Aug 01
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down €1.95m from profit in 1H 2021). Profit margin: (down from 5.5% in 1H 2021). The decrease in margin was driven by lower expenses. Over the next year, revenue is expected to shrink by 5.0% compared to a 8.4% growth forecast for the industry in Germany. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Non-Executive Director Laurentina da Silva Martins was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 19
Full year 2021 earnings: Revenues exceed analyst expectations Full year 2021 results: Revenue: €75.8m (up 6.2% from FY 2020). Net income: €4.23m (up 166% from FY 2020). Profit margin: 5.6% (up from 2.2% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.5%. Over the next year, revenue is expected to shrink by 1.1% compared to a 10.0% growth forecast for the industry in Germany. Reported Earnings • Oct 04
First half 2021 earnings released: EPS €0.019 (vs €0.012 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €35.5m (up 4.3% from 1H 2020). Net income: €1.95m (up €3.21m from 1H 2020). Profit margin: 5.5% (up from net loss in 1H 2020). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 30% per year and the company’s share price has also fallen by 30% per year. Reported Earnings • Aug 03
First half 2021 earnings released The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €35.5m (up 4.3% from 1H 2020). Net income: €1.95m (up €3.21m from 1H 2020). Profit margin: 5.5% (up from net loss in 1H 2020). The move to profitability was primarily driven by lower expenses. Reported Earnings • Mar 20
Full year 2020 earnings released The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €71.4m (down 19% from FY 2019). Net income: €1.59m (down 78% from FY 2019). Profit margin: 2.2% (down from 8.1% in FY 2019). Is New 90 Day High Low • Nov 28
New 90-day high: €0.24 The company is up 14% from its price of €0.21 on 28 August 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Media industry, which is up 24% over the same period. Reported Earnings • Oct 02
First half earnings released Over the last 12 months the company has reported total profits of €2.88m, down 54% from the prior year. Total revenue was €79.4m over the last 12 months, down 9.4% from the prior year.