New Risk • May 22
New major risk - Revenue and earnings growth Earnings have declined by 22% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 22% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Martine Paccoud 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. 공시 • Apr 16
Samse SA, Annual General Meeting, May 21, 2026 Samse SA, Annual General Meeting, May 21, 2026. Location: 2 rue raymond pitet, grenoble France 공시 • Mar 24
Samse SA announces Annual dividend, payable on July 02, 2026 Samse SA announced Annual dividend of EUR 5.0000 per share payable on July 02, 2026, ex-date on June 30, 2026 and record date on July 01, 2026. 공시 • Apr 17
Samse SA, Annual General Meeting, May 22, 2025 Samse SA, Annual General Meeting, May 22, 2025. Location: 2 rue raymond pitet, grenoble France 공시 • Mar 25
Samse SA announces Annual dividend, payable on July 02, 2025 Samse SA announced Annual dividend of EUR 8.0000 per share payable on July 02, 2025, ex-date on June 30, 2025 and record date on July 01, 2025. New Risk • Sep 08
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: 2.3% Last year net profit margin: 4.3% 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 Earnings are forecast to decline by an average of 1.4% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (2.3% net profit margin). Upcoming Dividend • Jun 13
Upcoming dividend of €10.00 per share Eligible shareholders must have bought the stock before 20 June 2024. Payment date: 24 June 2024. Payout ratio is a comfortable 66% and this is well supported by cash flows. Trailing yield: 8.7%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (3.4%). Buy Or Sell Opportunity • May 30
Now 20% overvalued Over the last 90 days, the stock has fallen 2.3% to €188. The fair value is estimated to be €156, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 6.3% per annum. Earnings are also forecast to grow by 4.0% per annum over the same time period. Reported Earnings • Mar 24
Full year 2023 earnings released Full year 2023 results: Revenue: €1.89b (down 1.2% from FY 2022). Net income: €76.4m (down 19% from FY 2022). Profit margin: 4.0% (down from 5.0% in FY 2022). Revenue is forecast to grow 7.9% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Specialty Retail industry in Germany. Buy Or Sell Opportunity • Jan 24
Now 22% undervalued Over the last 90 days, the stock has risen 24% to €193. The fair value is estimated to be €247, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.8% over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to decline by 5.3% in 2 years. Earnings are forecast to decline by 16% in the next 2 years. Buying Opportunity • Dec 28
Now 21% undervalued Over the last 90 days, the stock is up 19%. The fair value is estimated to be €253, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.8% over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to decline by 5.3% in 2 years. Earnings is forecast to decline by 16% in the next 2 years. New Risk • Sep 12
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 41% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.8% per year for the foreseeable future. Minor Risk High level of debt (41% net debt to equity). Board Change • Jul 26
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. 5 experienced directors. 1 highly experienced director. 2 independent directors (4 non-independent directors). Independent Director Martine Paccoud 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.