View ValuationLlorente & Cuenca 향후 성장Future 기준 점검 1/6Llorente & Cuenca 의 수익은 연간 45.6% 감소할 것으로 예상되는 반면, 연간 수익은 9.1% 로 증가할 것으로 예상됩니다. EPS는 연간 46.7% 만큼 쇠퇴할 것으로 예상됩니다. 자기자본이익률은 3년 후 13.5% 로 예상됩니다.핵심 정보-45.6%이익 성장률-46.67%EPS 성장률Media 이익 성장28.2%매출 성장률9.1%향후 자기자본이익률13.53%애널리스트 커버리지Low마지막 업데이트22 Dec 2025최근 향후 성장 업데이트공지 • Aug 01LLYC Updates Earnings Guidance for the Year 2025LLYC updated earnings guidance for the year 2025. Taking into account the current scope of the business and performance to date, LLYC has updated its financial guidance for 2025. The company now expects to close the year with operating income between €106 and €114 million.공지 • Jan 25Llorente & Cuenca, S.A. Provides Earnings Guidance for the Year 2024Llorente & Cuenca, S.A. provided earnings guidance for the year 2024. For the year, the company new budget forecasts an 8% increase in operating income to EUR 90 million. Notably, marketing is expected to account for 46% of revenues by the end of 2024, indicating significant growth potential in this practice.공지 • Jan 28Llorente & Cuenca, S.A. Provides Earnings Guidance for the Year 2023Llorente & Cuenca, S.A. provided earnings guidance for the year 2023. LLYC expects to continue its growth this year, with its approved budget including 10% increases in both operating income (to €80 million). Total revenues are expected to rise 8%, reaching €96 million. Operating income will continue to be balanced across the firm’s three business units: 35% from Europe, 31% from the Americas, and 34% from Deep Digital Business.모든 업데이트 보기Recent updates공지 • Feb 17LLYC Names Ibo Sanz as Global Chief Operating Officer of Marketing SolutionsLLYC names Ibo Sanz global chief operating officer of marketing solutions, a newly created position. Since joining LLYC in 2021, Sanz has led the transformation of solutions and the development of the company's AI business. Before coming to the agency, he was chief strategy officer at tech, information and media company Finect and mobile commerce director at Vodafone. In his new post, Sanz will serve as the link between innovation and execution reliability, ensuring that the growth of the marketing solutions unit is supported by financial rigor and streamlined, effective processes.공지 • Aug 01LLYC Updates Earnings Guidance for the Year 2025LLYC updated earnings guidance for the year 2025. Taking into account the current scope of the business and performance to date, LLYC has updated its financial guidance for 2025. The company now expects to close the year with operating income between €106 and €114 million.공지 • Jul 03Llorente & Cuenca, S.A. (BME:LLYC) acquired the remaining 30% stake in Lambert Global, LLC.Llorente & Cuenca, S.A. (BME:LLYC) acquired the remaining 30% stake in Lambert Global, LLC on July 2, 2025. The purchase price for the remaining 30% will be paid all in LLYC shares and will depend on Lambert Global’s average net revenue performance over 2025 and 2026. The U.S. leadership team remains unchanged, with Mike Houston continuing as Chief Executive Officer and Jeff Lambert as Chair. Llorente & Cuenca, S.A. (BME:LLYC) completed the acquisition of the remaining 30% stake in Lambert Global, LLC on July 2, 2025.공지 • May 05Llorente & Cuenca, S.A., Annual General Meeting, Jun 04, 2025Llorente & Cuenca, S.A., Annual General Meeting, Jun 04, 2025. Location: calle lagasca 88, planta 3., madrid Spain공지 • Jan 08Rebeca Bamberger acquired 80% stake in REBECCA BAMBERGER WORKS, INC. from Llorente & Cuenca, S.A. (BME:LLYC) for $9 million.Rebeca Bamberger acquired 80% stake in REBECCA BAMBERGER WORKS, INC. from Llorente & Cuenca, S.A. (BME:LLYC) for $9 million on January 6, 2025. The transaction allows LLYC to fully recover the initial payment of $6.4 million made in March 2023 , as well as the costs associated with the transaction. The agreed price includes an initial cash payment of $2.5 million, which has already been made, and quarterly payments of $0.15 million until December 2030 and a one-time payment of $3.05 million plus interest before December 31, 2030.The agreement is subject to judicial supervision that ensures compliance with the agreed terms. Rebeca Bamberger completed the acquisition of 80% stake in REBECCA BAMBERGER WORKS, INC. from Llorente & Cuenca, S.A. (BME:LLYC) on January 6, 2025.공지 • Nov 22LlLYC Appoints Luisa García as Global CEO of Corporate AffairsLLYC has taken another significant step in its transformation journey by appointing partner and former COO Luisa García as the Global CEO of Corporate Affairs. The Corporate Affairs business area accounts for 60% of the company's operating revenue. It offers solutions in corporate reputation and leadership, financial communication, corporate operations, crisis and risk management, ESG (environmental, social, and governance), people, talent and culture, public affairs, European affairs, advocacy, and corporate diplomacy. After successfully leading the company's corporate functions, Luisa has returned to oversee LLYC's core services. In her new role, she will focus on innovation and integrated solutions for Corporate Affairs—a portfolio with advanced technology and AI tools designed to empower clients to make informed decisions that meet stakeholder expectations. Recently recognized as one of Spain's most influential women by Forbes and YoDona, Luisa is a board member of LLYC S.A. and was named a José Antonio Llorente Foundation trustee earlier this year. Tiago Vidal, also an LLYC partner and former Chief Talent and Technology Officer, has been appointed Global Chief Operating Officer in addition to his existing responsibilities in Talent and IT. In this new role, Tiago will drive the company's growth and transformation strategy, overseeing marketing, communications, and ESG, as well as the integration team, which is critical for maximizing returns from the firm's inorganic growth.New Risk • Oct 09New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: €90.4m (US$98.9m) 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 Latest financial reports are more than 1 year old (reported June 2023 fiscal period end). Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Market cap is less than US$100m (€90.4m market cap, or US$98.9m).New Risk • Sep 22New major risk - Financial data availabilityThe company's latest financial reports are more than a year old. Last reported fiscal period ended June 2023. This is considered a major 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. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported June 2023 fiscal period end). Minor Risk Short dividend paying track record (1 year of continuous dividend payments).공지 • May 17Llorente & Cuenca, S.A. (BME:LLYC) announced an agreement to acquire 78.69% stake in Dattis Comunicaciones S.A.S. from Dario Vargas and other minority partners.Llorente & Cuenca, S.A. (BME:LLYC) announced an agreement to acquire 78.69% stake in Dattis Comunicaciones S.A.S. from Dario Vargas and other minority partners on May 16, 2024. LLYC is acquiring 78.69% of Dattis at a valuation of six times EBITDA. Andres Ortiz, Senior Partner, will retain the remaining 21.31%.Dattis will operate as Dattis by LLYC in 2024, alongside LLYC Colombia, with Andres Ortiz leading Dattis and Camila Gomez Pardo as President. Starting in 2025, under the LLYC brand, Ortiz, Gomez, and Alejandra Aljure, LLYC Colombia's current general manager, will lead the unified structure.New Risk • Apr 08New 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. This is currently the only risk that has been identified for the company.공지 • Feb 20Llorente & Cuenca, S.A. (BME:LLYC) acquired 70% stake in Lambert & Co. for $18.2 million.Llorente & Cuenca, S.A. (BME:LLYC) acquired 70% stake in Lambert & Co. for $18.2 million on February 19, 2024. Under the terms of the agreement, LLYC is acquiring an initial 70 percent stake in the company for a price based on EBITDA performance in the next two years. There has been a payment of $18.2 million of the final price in advance. All Lambert partners will join LLYC, including Chairman and CEO Jeff Lambert. Jeff Lambert will join LLYC's Global Executive Committee, while Mike Houston and Jeff Lambert will both join the U.S. Executive Committee. LLYC. LLYC was advised by a team at Greenberg Traurig, P.A. led by Antonio Peña and Henry Roque. Lambert was advised by the Warner Norcross + Judd LLP team led by Michael Jones. Llorente & Cuenca, S.A. (BME:LLYC) completed the acquisition of 70% stake in Lambert & Co. on February 19, 2024.Valuation Update With 7 Day Price Move • Feb 05Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €9.75, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Media industry in Europe. Total returns to shareholders of 4.2% over the past year.공지 • Jan 26Llorente & Cuenca, S.A. Announces Boar ChangesLLYC's Board of Directors has appointed Francisco Sanchez-Rivas as its new Chair. Sanchez-Rivas joined the board in 2020 and has been actively involved in the company's M&A strategy. He will continue to lead the strategy as Chair and be responsible for the relationship with institutional investors. Sanchez-Rivas has over 30 years of experience in investment banking, finance, and corporate strategy. He was a Director in the Corporate Finance department of Deloitte and then CEO of Edmond de Rothschild Corporate Finance for Spain and Portugal for almost ten years. In the last decade, he has directed several companies in the services, energy, agri-food, and technology sectors. Sanchez-Rivas is a graduate of Universidad Complutense de Madrid, has an MBA from IESE Business School, an AMP (Advanced Management Program) from Harvard Business School, and a Postgraduate Degree in Financial Markets from the London School of Economics and Political Science. Francisco is married and has four daughters. He is currently studying for a degree in English Literature at Oxford and enjoys art and literature as hobbies. LLYC's Board of Directors appointed Alfonso Callejo as an independent member. Callejo is recognized as one of Spain's top executives in talent management and human resources. He was Group Vice President of Human Resources for General Electric's global Energy business until 2023. Previously, he was General Director of Corporate Resources of the Acciona Group, Regional Vice President of Human Resources in several PepsiCo businesses in Europe and Latin America, and Director of Human Resources of Procter & GamblePortugal. Callejo was also President of the Spanish Association of Human Resources Directors. He holds a PhD in Spanish literature and is passionate about training and learning.공지 • Jan 25Llorente & Cuenca, S.A. Provides Earnings Guidance for the Year 2024Llorente & Cuenca, S.A. provided earnings guidance for the year 2024. For the year, the company new budget forecasts an 8% increase in operating income to EUR 90 million. Notably, marketing is expected to account for 46% of revenues by the end of 2024, indicating significant growth potential in this practice.New Risk • Sep 25New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. 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 High level of non-cash earnings (23% accrual ratio). Minor Risk Latest financial reports are more than 6 months old (reported December 2022 fiscal period end).New Risk • Sep 10New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. 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 High level of non-cash earnings (23% accrual ratio). Minor Risk Latest financial reports are more than 6 months old (reported December 2022 fiscal period end).공지 • Sep 07Llorente & Cuenca, S.A. to Report First Half, 2023 Results on Sep 21, 2023Llorente & Cuenca, S.A. announced that they will report first half, 2023 results on Sep 21, 2023Upcoming Dividend • Jul 06Inaugural dividend of €0.13 per shareEligible shareholders must have bought the stock before 13 July 2023. Payment date: 17 July 2023. This is the first dividend for Llorente & Cuenca since going public. The average dividend yield among industry peers is 6.4%.Buying Opportunity • Feb 18Now 20% undervaluedOver the last 90 days, the stock is up 6.9%. The fair value is estimated to be €13.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 43% over the last year. Earnings per share has declined by 93%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings is also forecast to grow by 22% per annum over the same time period.Valuation Update With 7 Day Price Move • Feb 16Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €10.70, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 12x in the Media industry in Europe. Total loss to shareholders of 16% over the past year.공지 • Jan 28Llorente & Cuenca, S.A. Provides Earnings Guidance for the Year 2023Llorente & Cuenca, S.A. provided earnings guidance for the year 2023. LLYC expects to continue its growth this year, with its approved budget including 10% increases in both operating income (to €80 million). Total revenues are expected to rise 8%, reaching €96 million. Operating income will continue to be balanced across the firm’s three business units: 35% from Europe, 31% from the Americas, and 34% from Deep Digital Business.Board Change • Nov 16Less than half of directors are independentThere are 9 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 9 new directors. 3 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Elena Gonzalez-Blanco is the most experienced director on the board, commencing their role in 2021. Independent Director Barrie Berg was the last independent 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: Minority of independent directors. Lack of board continuity. Lack of experienced directors.Board Change • Apr 27Less than half of directors are independentThere are 9 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 9 new directors. 3 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Elena Gonzalez-Blanco is the most experienced director on the board, commencing their role in 2021. Independent Director Barrie Berg was the last independent 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: Minority of independent directors. Lack of board continuity. Lack of experienced directors.Reported Earnings • Mar 16Full year 2021 earnings: Revenues exceed analyst expectationsFull year 2021 results: Revenue: €64.1m (up 44% from FY 2020). Net income: €5.33m (up 135% from FY 2020). Profit margin: 8.3% (up from 5.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.0%. Over the next year, revenue is forecast to grow 28%, compared to a 8.7% growth forecast for the industry in Germany.이익 및 매출 성장 예측DB:91P - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20271505715112/31/20261404411112/31/20251316-2716/30/2025117162226N/A3/31/2025118111418N/A12/31/20241186610N/A9/30/20241233510N/A6/30/2024117359N/A3/31/20241075710N/A12/31/2023987911N/A9/30/2023967710N/A6/30/202394758N/A3/31/202392735N/A12/31/202290713N/A9/30/202286713N/A6/30/202282614N/A3/31/202273668N/A12/31/20216451113N/A9/30/20215651113N/A6/30/20214841113N/A3/31/2021463912N/A12/31/2020452710N/A12/31/201948367N/A12/31/2018412N/A2N/A12/31/2017391N/A5N/A12/31/2016342N/A1N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 91P 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -45.6%).수익 vs 시장: 91P 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -45.6%).고성장 수익: 91P 의 수익은 향후 3년간 감소할 것으로 예상됩니다.수익 대 시장: 91P 의 수익(연간 9.1%)이 German 시장(연간 6.4%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: 91P 의 수익(연간 9.1%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 91P의 자본 수익률은 3년 후 13.5%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YMedia 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/07 22:56종가2026/05/07 00:00수익2025/06/30연간 수익2024/12/31데이터 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 소스Llorente & Cuenca, S.A.는 1명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Alfredo Echevarria OteguiLighthouse-IEAF Servicios de Analisis
공지 • Aug 01LLYC Updates Earnings Guidance for the Year 2025LLYC updated earnings guidance for the year 2025. Taking into account the current scope of the business and performance to date, LLYC has updated its financial guidance for 2025. The company now expects to close the year with operating income between €106 and €114 million.
공지 • Jan 25Llorente & Cuenca, S.A. Provides Earnings Guidance for the Year 2024Llorente & Cuenca, S.A. provided earnings guidance for the year 2024. For the year, the company new budget forecasts an 8% increase in operating income to EUR 90 million. Notably, marketing is expected to account for 46% of revenues by the end of 2024, indicating significant growth potential in this practice.
공지 • Jan 28Llorente & Cuenca, S.A. Provides Earnings Guidance for the Year 2023Llorente & Cuenca, S.A. provided earnings guidance for the year 2023. LLYC expects to continue its growth this year, with its approved budget including 10% increases in both operating income (to €80 million). Total revenues are expected to rise 8%, reaching €96 million. Operating income will continue to be balanced across the firm’s three business units: 35% from Europe, 31% from the Americas, and 34% from Deep Digital Business.
공지 • Feb 17LLYC Names Ibo Sanz as Global Chief Operating Officer of Marketing SolutionsLLYC names Ibo Sanz global chief operating officer of marketing solutions, a newly created position. Since joining LLYC in 2021, Sanz has led the transformation of solutions and the development of the company's AI business. Before coming to the agency, he was chief strategy officer at tech, information and media company Finect and mobile commerce director at Vodafone. In his new post, Sanz will serve as the link between innovation and execution reliability, ensuring that the growth of the marketing solutions unit is supported by financial rigor and streamlined, effective processes.
공지 • Aug 01LLYC Updates Earnings Guidance for the Year 2025LLYC updated earnings guidance for the year 2025. Taking into account the current scope of the business and performance to date, LLYC has updated its financial guidance for 2025. The company now expects to close the year with operating income between €106 and €114 million.
공지 • Jul 03Llorente & Cuenca, S.A. (BME:LLYC) acquired the remaining 30% stake in Lambert Global, LLC.Llorente & Cuenca, S.A. (BME:LLYC) acquired the remaining 30% stake in Lambert Global, LLC on July 2, 2025. The purchase price for the remaining 30% will be paid all in LLYC shares and will depend on Lambert Global’s average net revenue performance over 2025 and 2026. The U.S. leadership team remains unchanged, with Mike Houston continuing as Chief Executive Officer and Jeff Lambert as Chair. Llorente & Cuenca, S.A. (BME:LLYC) completed the acquisition of the remaining 30% stake in Lambert Global, LLC on July 2, 2025.
공지 • May 05Llorente & Cuenca, S.A., Annual General Meeting, Jun 04, 2025Llorente & Cuenca, S.A., Annual General Meeting, Jun 04, 2025. Location: calle lagasca 88, planta 3., madrid Spain
공지 • Jan 08Rebeca Bamberger acquired 80% stake in REBECCA BAMBERGER WORKS, INC. from Llorente & Cuenca, S.A. (BME:LLYC) for $9 million.Rebeca Bamberger acquired 80% stake in REBECCA BAMBERGER WORKS, INC. from Llorente & Cuenca, S.A. (BME:LLYC) for $9 million on January 6, 2025. The transaction allows LLYC to fully recover the initial payment of $6.4 million made in March 2023 , as well as the costs associated with the transaction. The agreed price includes an initial cash payment of $2.5 million, which has already been made, and quarterly payments of $0.15 million until December 2030 and a one-time payment of $3.05 million plus interest before December 31, 2030.The agreement is subject to judicial supervision that ensures compliance with the agreed terms. Rebeca Bamberger completed the acquisition of 80% stake in REBECCA BAMBERGER WORKS, INC. from Llorente & Cuenca, S.A. (BME:LLYC) on January 6, 2025.
공지 • Nov 22LlLYC Appoints Luisa García as Global CEO of Corporate AffairsLLYC has taken another significant step in its transformation journey by appointing partner and former COO Luisa García as the Global CEO of Corporate Affairs. The Corporate Affairs business area accounts for 60% of the company's operating revenue. It offers solutions in corporate reputation and leadership, financial communication, corporate operations, crisis and risk management, ESG (environmental, social, and governance), people, talent and culture, public affairs, European affairs, advocacy, and corporate diplomacy. After successfully leading the company's corporate functions, Luisa has returned to oversee LLYC's core services. In her new role, she will focus on innovation and integrated solutions for Corporate Affairs—a portfolio with advanced technology and AI tools designed to empower clients to make informed decisions that meet stakeholder expectations. Recently recognized as one of Spain's most influential women by Forbes and YoDona, Luisa is a board member of LLYC S.A. and was named a José Antonio Llorente Foundation trustee earlier this year. Tiago Vidal, also an LLYC partner and former Chief Talent and Technology Officer, has been appointed Global Chief Operating Officer in addition to his existing responsibilities in Talent and IT. In this new role, Tiago will drive the company's growth and transformation strategy, overseeing marketing, communications, and ESG, as well as the integration team, which is critical for maximizing returns from the firm's inorganic growth.
New Risk • Oct 09New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: €90.4m (US$98.9m) 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 Latest financial reports are more than 1 year old (reported June 2023 fiscal period end). Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Market cap is less than US$100m (€90.4m market cap, or US$98.9m).
New Risk • Sep 22New major risk - Financial data availabilityThe company's latest financial reports are more than a year old. Last reported fiscal period ended June 2023. This is considered a major 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. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported June 2023 fiscal period end). Minor Risk Short dividend paying track record (1 year of continuous dividend payments).
공지 • May 17Llorente & Cuenca, S.A. (BME:LLYC) announced an agreement to acquire 78.69% stake in Dattis Comunicaciones S.A.S. from Dario Vargas and other minority partners.Llorente & Cuenca, S.A. (BME:LLYC) announced an agreement to acquire 78.69% stake in Dattis Comunicaciones S.A.S. from Dario Vargas and other minority partners on May 16, 2024. LLYC is acquiring 78.69% of Dattis at a valuation of six times EBITDA. Andres Ortiz, Senior Partner, will retain the remaining 21.31%.Dattis will operate as Dattis by LLYC in 2024, alongside LLYC Colombia, with Andres Ortiz leading Dattis and Camila Gomez Pardo as President. Starting in 2025, under the LLYC brand, Ortiz, Gomez, and Alejandra Aljure, LLYC Colombia's current general manager, will lead the unified structure.
New Risk • Apr 08New 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. This is currently the only risk that has been identified for the company.
공지 • Feb 20Llorente & Cuenca, S.A. (BME:LLYC) acquired 70% stake in Lambert & Co. for $18.2 million.Llorente & Cuenca, S.A. (BME:LLYC) acquired 70% stake in Lambert & Co. for $18.2 million on February 19, 2024. Under the terms of the agreement, LLYC is acquiring an initial 70 percent stake in the company for a price based on EBITDA performance in the next two years. There has been a payment of $18.2 million of the final price in advance. All Lambert partners will join LLYC, including Chairman and CEO Jeff Lambert. Jeff Lambert will join LLYC's Global Executive Committee, while Mike Houston and Jeff Lambert will both join the U.S. Executive Committee. LLYC. LLYC was advised by a team at Greenberg Traurig, P.A. led by Antonio Peña and Henry Roque. Lambert was advised by the Warner Norcross + Judd LLP team led by Michael Jones. Llorente & Cuenca, S.A. (BME:LLYC) completed the acquisition of 70% stake in Lambert & Co. on February 19, 2024.
Valuation Update With 7 Day Price Move • Feb 05Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €9.75, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Media industry in Europe. Total returns to shareholders of 4.2% over the past year.
공지 • Jan 26Llorente & Cuenca, S.A. Announces Boar ChangesLLYC's Board of Directors has appointed Francisco Sanchez-Rivas as its new Chair. Sanchez-Rivas joined the board in 2020 and has been actively involved in the company's M&A strategy. He will continue to lead the strategy as Chair and be responsible for the relationship with institutional investors. Sanchez-Rivas has over 30 years of experience in investment banking, finance, and corporate strategy. He was a Director in the Corporate Finance department of Deloitte and then CEO of Edmond de Rothschild Corporate Finance for Spain and Portugal for almost ten years. In the last decade, he has directed several companies in the services, energy, agri-food, and technology sectors. Sanchez-Rivas is a graduate of Universidad Complutense de Madrid, has an MBA from IESE Business School, an AMP (Advanced Management Program) from Harvard Business School, and a Postgraduate Degree in Financial Markets from the London School of Economics and Political Science. Francisco is married and has four daughters. He is currently studying for a degree in English Literature at Oxford and enjoys art and literature as hobbies. LLYC's Board of Directors appointed Alfonso Callejo as an independent member. Callejo is recognized as one of Spain's top executives in talent management and human resources. He was Group Vice President of Human Resources for General Electric's global Energy business until 2023. Previously, he was General Director of Corporate Resources of the Acciona Group, Regional Vice President of Human Resources in several PepsiCo businesses in Europe and Latin America, and Director of Human Resources of Procter & GamblePortugal. Callejo was also President of the Spanish Association of Human Resources Directors. He holds a PhD in Spanish literature and is passionate about training and learning.
공지 • Jan 25Llorente & Cuenca, S.A. Provides Earnings Guidance for the Year 2024Llorente & Cuenca, S.A. provided earnings guidance for the year 2024. For the year, the company new budget forecasts an 8% increase in operating income to EUR 90 million. Notably, marketing is expected to account for 46% of revenues by the end of 2024, indicating significant growth potential in this practice.
New Risk • Sep 25New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. 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 High level of non-cash earnings (23% accrual ratio). Minor Risk Latest financial reports are more than 6 months old (reported December 2022 fiscal period end).
New Risk • Sep 10New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. 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 High level of non-cash earnings (23% accrual ratio). Minor Risk Latest financial reports are more than 6 months old (reported December 2022 fiscal period end).
공지 • Sep 07Llorente & Cuenca, S.A. to Report First Half, 2023 Results on Sep 21, 2023Llorente & Cuenca, S.A. announced that they will report first half, 2023 results on Sep 21, 2023
Upcoming Dividend • Jul 06Inaugural dividend of €0.13 per shareEligible shareholders must have bought the stock before 13 July 2023. Payment date: 17 July 2023. This is the first dividend for Llorente & Cuenca since going public. The average dividend yield among industry peers is 6.4%.
Buying Opportunity • Feb 18Now 20% undervaluedOver the last 90 days, the stock is up 6.9%. The fair value is estimated to be €13.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 43% over the last year. Earnings per share has declined by 93%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings is also forecast to grow by 22% per annum over the same time period.
Valuation Update With 7 Day Price Move • Feb 16Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €10.70, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 12x in the Media industry in Europe. Total loss to shareholders of 16% over the past year.
공지 • Jan 28Llorente & Cuenca, S.A. Provides Earnings Guidance for the Year 2023Llorente & Cuenca, S.A. provided earnings guidance for the year 2023. LLYC expects to continue its growth this year, with its approved budget including 10% increases in both operating income (to €80 million). Total revenues are expected to rise 8%, reaching €96 million. Operating income will continue to be balanced across the firm’s three business units: 35% from Europe, 31% from the Americas, and 34% from Deep Digital Business.
Board Change • Nov 16Less than half of directors are independentThere are 9 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 9 new directors. 3 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Elena Gonzalez-Blanco is the most experienced director on the board, commencing their role in 2021. Independent Director Barrie Berg was the last independent 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: Minority of independent directors. Lack of board continuity. Lack of experienced directors.
Board Change • Apr 27Less than half of directors are independentThere are 9 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 9 new directors. 3 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Elena Gonzalez-Blanco is the most experienced director on the board, commencing their role in 2021. Independent Director Barrie Berg was the last independent 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: Minority of independent directors. Lack of board continuity. Lack of experienced directors.
Reported Earnings • Mar 16Full year 2021 earnings: Revenues exceed analyst expectationsFull year 2021 results: Revenue: €64.1m (up 44% from FY 2020). Net income: €5.33m (up 135% from FY 2020). Profit margin: 8.3% (up from 5.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.0%. Over the next year, revenue is forecast to grow 28%, compared to a 8.7% growth forecast for the industry in Germany.