New Risk • Jul 15
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 28% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Earnings are forecast to decline by an average of 28% per year for the foreseeable future. High level of non-cash earnings (30% accrual ratio). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€77.9m market cap, or US$89.2m). 공고 • May 27
Creepy Jar S.A., Annual General Meeting, Jun 22, 2026 Creepy Jar S.A., Annual General Meeting, Jun 22, 2026, at 12:00 Central European Standard Time. 공고 • Apr 26
Creepy Jar S.A. announces Annual dividend, payable on September 21, 2026 Creepy Jar S.A. announced Annual dividend of PLN 42.8800 per share payable on September 21, 2026, ex-date on September 09, 2026 and record date on September 10, 2026. 공고 • Aug 22
Creepy Jar S.A. to Report First Half, 2025 Results on Sep 25, 2025 Creepy Jar S.A. announced that they will report first half, 2025 results on Sep 25, 2025 공고 • May 12
Creepy Jar S.A., Annual General Meeting, Jun 05, 2025 Creepy Jar S.A., Annual General Meeting, Jun 05, 2025. 공고 • Apr 25
Creepy Jar S.A. announces Annual dividend, payable on June 27, 2025 Creepy Jar S.A. announced Annual dividend of PLN 11.3700 per share payable on June 27, 2025, ex-date on June 20, 2025 and record date on June 23, 2025. Reported Earnings • Sep 21
Second quarter 2024 earnings released: EPS: zł4.02 (vs zł5.01 in 2Q 2023) Second quarter 2024 results: EPS: zł4.02 (down from zł5.01 in 2Q 2023). Revenue: zł7.57m (down 4.6% from 2Q 2023). Net income: zł2.81m (down 20% from 2Q 2023). Profit margin: 37% (down from 44% in 2Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Entertainment industry in Germany. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 15% per year. Upcoming Dividend • Jun 14
Upcoming dividend of zł13.11 per share Eligible shareholders must have bought the stock before 21 June 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 50% but the company is paying out more than the cash it is generating. Trailing yield: 2.6%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.7%). New Risk • May 26
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 38% Last year net profit margin: 70% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (31% accrual ratio). Minor Risks Dividend is not well covered by cash flows (119% cash payout ratio). Profit margins are more than 30% lower than last year (38% net profit margin). Shareholders have been diluted in the past year (2.9% increase in shares outstanding). Market cap is less than US$100m (€82.9m market cap, or US$89.9m). 공고 • May 18
Creepy Jar S.A., Annual General Meeting, Jun 14, 2024 Creepy Jar S.A., Annual General Meeting, Jun 14, 2024. Reported Earnings • Apr 24
Full year 2023 earnings released Full year 2023 results: Revenue: zł37.5m (down 32% from FY 2022). Net income: zł18.3m (down 50% from FY 2022). Profit margin: 49% (down from 66% in FY 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 38% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Entertainment industry in Germany. New Risk • Jan 16
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €91.4m (US$99.4m) This is considered a minor 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 High level of non-cash earnings (48% accrual ratio). Minor Risks Dividend is not well covered by cash flows (152% cash payout ratio). Shareholders have been diluted in the past year (2.9% increase in shares outstanding). Market cap is less than US$100m (€91.4m market cap, or US$99.4m). Reported Earnings • Nov 30
Third quarter 2023 earnings released: EPS: zł9.03 (vs zł15.84 in 3Q 2022) Third quarter 2023 results: EPS: zł9.03 (down from zł15.84 in 3Q 2022). Revenue: zł9.11m (down 39% from 3Q 2022). Net income: zł6.31m (down 41% from 3Q 2022). Profit margin: 69% (down from 72% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Entertainment industry in Germany. New Risk • Oct 25
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €91.7m (US$97.1m) This is considered a minor 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: Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Shareholders have been diluted in the past year (2.9% increase in shares outstanding). Market cap is less than US$100m (€91.7m market cap, or US$97.1m). Upcoming Dividend • Aug 21
Upcoming dividend of zł40.00 per share at 5.6% yield Eligible shareholders must have bought the stock before 28 August 2023. Payment date: 04 September 2023. Payout ratio is on the higher end at 77%, however this is supported by cash flows. Trailing yield: 5.6%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (1.8%). New Risk • Jun 29
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.9% 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: Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Shareholders have been diluted in the past year (2.9% increase in shares outstanding). Buying Opportunity • Jun 15
Now 23% undervalued Over the last 90 days, the stock is up 1.1%. The fair value is estimated to be €221, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has grown by 41%. Reported Earnings • Apr 21
Full year 2022 earnings released: EPS: zł53.66 (vs zł42.83 in FY 2021) Full year 2022 results: EPS: zł53.66 (up from zł42.83 in FY 2021). Revenue: zł54.9m (up 19% from FY 2021). Net income: zł36.5m (up 25% from FY 2021). Profit margin: 66% (up from 63% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Entertainment industry in Germany. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Reported Earnings • Sep 30
Second quarter 2022 earnings released: EPS: zł17.86 (vs zł10.72 in 2Q 2021) Second quarter 2022 results: EPS: zł17.86 (up from zł10.72 in 2Q 2021). Revenue: zł17.1m (up 31% from 2Q 2021). Net income: zł12.1m (up 67% from 2Q 2021). Profit margin: 71% (up from 56% in 2Q 2021). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Entertainment industry in Germany. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improved over the past week After last week's 19% share price gain to €142, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 17x in the Entertainment industry in Europe. Total returns to shareholders of 227% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €277 per share. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improved over the past week After last week's 16% share price gain to €103, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 16x in the Entertainment industry in Europe. Total returns to shareholders of 172% over the past three years. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improved over the past week After last week's 16% share price gain to €137, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 18x in the Entertainment industry in Europe. Total returns to shareholders of 254% over the past three years. 공고 • May 14
Creepy Jar S.A., Annual General Meeting, Jun 07, 2022 Creepy Jar S.A., Annual General Meeting, Jun 07, 2022. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment deteriorated over the past week After last week's 19% share price decline to €129, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 18x in the Entertainment industry in Germany. Total returns to shareholders of 220% over the past three years. Reported Earnings • Dec 01
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: EPS: zł13.36 (up from zł0.40 loss in 3Q 2020). Revenue: zł14.1m (up 86% from 3Q 2020). Net income: zł9.08m (up zł9.35m from 3Q 2020). Profit margin: 65% (up from net loss in 3Q 2020). The move to profitability was primarily driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is expected to shrink by 12% compared to a 303% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 68% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 04
Second quarter 2021 earnings released The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: zł13.0m (down 40% from 2Q 2020). Net income: zł7.28m (down 52% from 2Q 2020). Profit margin: 56% (down from 70% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has only increased by 58% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 05
First quarter 2021 earnings released: EPS zł7.04 (vs zł1.24 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: zł8.21m (up zł7.03m from 1Q 2020). Net income: zł4.78m (up 470% from 1Q 2020). Profit margin: 58% (down from 71% in 1Q 2020). The decrease in margin was driven by higher expenses.