View ValuationVogo 향후 성장Future 기준 점검 0/6Vogo 의 수익은 연간 10.9% 감소할 것으로 예상되는 반면, 연간 수익은 1.1% 로 증가할 것으로 예상됩니다. EPS는 연간 11.6% 만큼 쇠퇴할 것으로 예상됩니다. 자기자본이익률은 3년 후 -68.3% 로 예상됩니다.핵심 정보-10.9%이익 성장률-11.64%EPS 성장률Software 이익 성장16.0%매출 성장률1.1%향후 자기자본이익률-68.30%애널리스트 커버리지Low마지막 업데이트17 Apr 2026최근 향후 성장 업데이트Breakeven Date Change • Jul 26Forecast to breakeven in 2025The 2 analysts covering Vogo expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of €100.0k in 2025. Average annual earnings growth of 77% is required to achieve expected profit on schedule.Breakeven Date Change • May 10Forecast to breakeven in 2025The analyst covering Vogo expects the company to break even for the first time. New forecast suggests the company will make a profit of €100.0k in 2025. Average annual earnings growth of 67% is required to achieve expected profit on schedule.Breakeven Date Change • May 09Forecast to breakeven in 2025The analyst covering Vogo expects the company to break even for the first time. New forecast suggests the company will make a profit of €100.0k in 2025. Average annual earnings growth of 67% is required to achieve expected profit on schedule.Breakeven Date Change • Apr 12No longer forecast to breakevenThe analyst covering Vogo no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of €400.0k in 2025. New forecast suggests the company will make a loss of €0 in 2025.Breakeven Date Change • Jul 28Forecast breakeven date pushed back to 2025The 2 analysts covering Vogo previously expected the company to break even in 2023. New consensus forecast suggests losses will reduce by 33% per year to 2024. The company is expected to make a profit of €400.0k in 2025. Average annual earnings growth of 60% is required to achieve expected profit on schedule.Breakeven Date Change • Feb 15Forecast breakeven date pushed back to 2023The 2 analysts covering Vogo previously expected the company to break even in 2022. New consensus forecast suggests losses will reduce by 75% per year to 2022. The company is expected to make a profit of €551.1k in 2023. Average annual earnings growth of 96% is required to achieve expected profit on schedule.모든 업데이트 보기Recent updatesNew Risk • May 22New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 11% 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 Risk Earnings are forecast to decline by an average of 11% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (€3.2m net loss in 2 years). Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (€11.2m market cap, or US$13.0m).Board Change • May 20Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 9 non-independent directors. Independent Director Anthony Parker was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공시 • May 14Vogo SA, Annual General Meeting, Jun 18, 2026Vogo SA, Annual General Meeting, Jun 18, 2026. Location: montpellier France공시 • Jun 04Abéo SA (ENXTPA:ABEO) intends to acquire remaining 77.50% stake in Vogo SA (ENXTPA:ALVGO) from Christophe CARNIEL, Pierre KEIFLIN, Daniel DEDISSE, Véronique PUYAU and others for €12.3 million.Abéo SA (ENXTPA:ABEO) intends to acquire remaining 77.50% stake in Vogo SA (ENXTPA:ALVGO) from Christophe CARNIEL, Pierre KEIFLIN, Daniel DEDISSE, Véronique PUYAU and others for €12.3 million on June 3, 2025.The Offer will be structured in the form of a mixed public offer according to the following ratio: 3 ABEO shares and €16.40 for 16 VOGO shares. ABEO and VOGO entered into, with the unanimous approval of their respective Boards of Directors, a combination agreement to define the terms and conditions of ABEO’s proposed acquisition of the VOGO shares that ABEO does not currently hold, through a voluntary public offer without the intention of implementing a squeeze-out. This transaction is unanimously supported by the founders of VOGO who have undertaken to contribute all of their shares (representing 28.99% of VOGO's capital ) to the Offer. In accordance with the Combination Agreement , the filing with the Autorité des marchés financiers of the draft Offer remains conditional on (i) the submission by Sorgem Evaluation of a report concluding that the financial conditions of the Offer are fair and (ii) the approval by the annual general meeting of ABEO, convened for July 15, of the resolution (falling within the competence of the extraordinary general meeting) allowing the implementation of a capital increase with removal of the shareholders' preferential subscription right, by the issuance of new ordinary shares of ABEO, in order to remunerate the contributions made to the Offer The Board of Directors of VOGO, meeting on June 3, 2025, unanimously welcomed the principle of the Offer. If the Offer is successful, Christophe CARNIEL is expected to join the executive committee and the Board of Directors of ABEO during the year 2026. The closing of the Offer will not be subject to any waiver threshold (other than the legal lapse threshold set at 50% of the share capital or voting rights) and ABEO's intention to file the Offer is not subject to any financing condition (the financing of the cash component of the Offer is intended to be ensured by recourse to ABEO's equity and/or existing financing lines). The Offer is also not subject to obtaining regulatory authorizations. Bredin Prat and Lamy Lexel are acting as legal advisors to ABEO. Fieldfisher is acting as legal advisors to VOGO.공시 • May 05Vogo SA, Annual General Meeting, Jun 26, 2025Vogo SA, Annual General Meeting, Jun 26, 2025. Location: 895 rue de la vieille poste, parc majoria pompignane, immeuble la lona, montpellier FranceNew Risk • Sep 27New 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 Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Shareholders have been diluted in the past year (23% increase in shares outstanding). Market cap is less than US$100m (€20.7m market cap, or US$23.1m).New Risk • Jul 30New minor 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 6.6% 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: Major Risk Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). 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 (6.6% average weekly change). Market cap is less than US$100m (€21.9m market cap, or US$23.8m).Breakeven Date Change • Jul 26Forecast to breakeven in 2025The 2 analysts covering Vogo expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of €100.0k in 2025. Average annual earnings growth of 77% is required to achieve expected profit on schedule.Buy Or Sell Opportunity • Jul 24Now 28% overvaluedOver the last 90 days, the stock has fallen 9.1% to €3.60. The fair value is estimated to be €2.81, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.8% over the last year. Earnings per share has declined by 42%. For the next 3 years, revenue is forecast to grow by 17% per annum. Earnings are also forecast to grow by 65% per annum over the same time period.New Risk • May 27New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 50% This is considered a major 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: Major Risk Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Currently unprofitable and not forecast to become profitable over next 3 years (€49k net loss in 3 years). Market cap is less than US$100m (€25.8m market cap, or US$28.0m).Breakeven Date Change • May 10Forecast to breakeven in 2025The analyst covering Vogo expects the company to break even for the first time. New forecast suggests the company will make a profit of €100.0k in 2025. Average annual earnings growth of 67% is required to achieve expected profit on schedule.Breakeven Date Change • May 09Forecast to breakeven in 2025The analyst covering Vogo expects the company to break even for the first time. New forecast suggests the company will make a profit of €100.0k in 2025. Average annual earnings growth of 67% is required to achieve expected profit on schedule.New Risk • Apr 14New 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). Currently unprofitable and not forecast to become profitable over next 2 years (€403k net loss in 2 years). Shareholders have been diluted in the past year (22% increase in shares outstanding). Market cap is less than US$100m (€22.2m market cap, or US$23.6m).Breakeven Date Change • Apr 12No longer forecast to breakevenThe analyst covering Vogo no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of €400.0k in 2025. New forecast suggests the company will make a loss of €0 in 2025.New Risk • Oct 05New minor 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 6.3% 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 (6.3% average weekly change). Shareholders have been diluted in the past year (22% increase in shares outstanding). Market cap is less than US$100m (€14.7m market cap, or US$15.4m).Breakeven Date Change • Jul 28Forecast breakeven date pushed back to 2025The 2 analysts covering Vogo previously expected the company to break even in 2023. New consensus forecast suggests losses will reduce by 33% per year to 2024. The company is expected to make a profit of €400.0k in 2025. Average annual earnings growth of 60% is required to achieve expected profit on schedule.New Risk • Jul 26New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 22% 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 Shareholders have been diluted in the past year (22% increase in shares outstanding). Market cap is less than US$100m (€20.6m market cap, or US$22.8m).Board Change • Nov 16Less 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. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Anthony Parker 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.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Anthony Parker was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Breakeven Date Change • Feb 15Forecast breakeven date pushed back to 2023The 2 analysts covering Vogo previously expected the company to break even in 2022. New consensus forecast suggests losses will reduce by 75% per year to 2022. The company is expected to make a profit of €551.1k in 2023. Average annual earnings growth of 96% is required to achieve expected profit on schedule.Board Change • Dec 22Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Anthony Parker was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.이익 및 매출 성장 예측DB:7CY - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202713-3-20112/31/202612-3-10112/31/202513-3-11N/A9/30/202513-3N/AN/AN/A6/30/202512-3N/AN/AN/A3/31/202512-3N/AN/AN/A12/31/202413-2-4-2N/A9/30/202413-1N/AN/AN/A6/30/202412-1-6-3N/A3/31/202412-2-6-3N/A12/31/202311-2-6-3N/A9/30/202311-2N/AN/AN/A6/30/202312-2-3-1N/A3/31/202313-2-30N/A12/31/202214-1-20N/A9/30/202213-1-4-2N/A6/30/202212-1-5-3N/A3/31/202211-2-4-2N/A12/31/202110-2-3-2N/A9/30/20219-2-3-1N/A6/30/20218-2-2-1N/A3/31/20217-3-3-2N/A12/31/20206-3-3-2N/A9/30/20205-3-3-2N/A6/30/20204-4-3-2N/A3/31/20203-3-3-2N/A12/31/20192-3-2-2N/A9/30/20191-3N/A-2N/A6/30/20191-2N/A-2N/A3/31/20191-2N/A-2N/A12/31/20181-2N/A-1N/A12/31/20171-1N/A-1N/A12/31/20161-1N/A-1N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 7CY 향후 3년 동안 수익성이 없을 것으로 예상됩니다.수익 vs 시장: 7CY 향후 3년 동안 수익성이 없을 것으로 예상됩니다.고성장 수익: 7CY 향후 3년 동안 수익성이 없을 것으로 예상됩니다.수익 대 시장: 7CY 의 수익(연간 1.1%)이 German 시장(연간 6.8%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: 7CY 의 수익(연간 1.1%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 7CY는 3년 뒤에도 수익성이 없을 것으로 전망됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YSoftware 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/25 11:20종가2026/05/22 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 소스Vogo SA는 4명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Alexandre PlaudCIC Market Solutions (ESN)Ahmed Ben SalemODDO BHF Corporate & MarketsMatthias DesmaraisODDO BHF Corporate & Markets1명의 분석가 더 보기
Breakeven Date Change • Jul 26Forecast to breakeven in 2025The 2 analysts covering Vogo expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of €100.0k in 2025. Average annual earnings growth of 77% is required to achieve expected profit on schedule.
Breakeven Date Change • May 10Forecast to breakeven in 2025The analyst covering Vogo expects the company to break even for the first time. New forecast suggests the company will make a profit of €100.0k in 2025. Average annual earnings growth of 67% is required to achieve expected profit on schedule.
Breakeven Date Change • May 09Forecast to breakeven in 2025The analyst covering Vogo expects the company to break even for the first time. New forecast suggests the company will make a profit of €100.0k in 2025. Average annual earnings growth of 67% is required to achieve expected profit on schedule.
Breakeven Date Change • Apr 12No longer forecast to breakevenThe analyst covering Vogo no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of €400.0k in 2025. New forecast suggests the company will make a loss of €0 in 2025.
Breakeven Date Change • Jul 28Forecast breakeven date pushed back to 2025The 2 analysts covering Vogo previously expected the company to break even in 2023. New consensus forecast suggests losses will reduce by 33% per year to 2024. The company is expected to make a profit of €400.0k in 2025. Average annual earnings growth of 60% is required to achieve expected profit on schedule.
Breakeven Date Change • Feb 15Forecast breakeven date pushed back to 2023The 2 analysts covering Vogo previously expected the company to break even in 2022. New consensus forecast suggests losses will reduce by 75% per year to 2022. The company is expected to make a profit of €551.1k in 2023. Average annual earnings growth of 96% is required to achieve expected profit on schedule.
New Risk • May 22New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 11% 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 Risk Earnings are forecast to decline by an average of 11% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (€3.2m net loss in 2 years). Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (€11.2m market cap, or US$13.0m).
Board Change • May 20Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 9 non-independent directors. Independent Director Anthony Parker was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • May 14Vogo SA, Annual General Meeting, Jun 18, 2026Vogo SA, Annual General Meeting, Jun 18, 2026. Location: montpellier France
공시 • Jun 04Abéo SA (ENXTPA:ABEO) intends to acquire remaining 77.50% stake in Vogo SA (ENXTPA:ALVGO) from Christophe CARNIEL, Pierre KEIFLIN, Daniel DEDISSE, Véronique PUYAU and others for €12.3 million.Abéo SA (ENXTPA:ABEO) intends to acquire remaining 77.50% stake in Vogo SA (ENXTPA:ALVGO) from Christophe CARNIEL, Pierre KEIFLIN, Daniel DEDISSE, Véronique PUYAU and others for €12.3 million on June 3, 2025.The Offer will be structured in the form of a mixed public offer according to the following ratio: 3 ABEO shares and €16.40 for 16 VOGO shares. ABEO and VOGO entered into, with the unanimous approval of their respective Boards of Directors, a combination agreement to define the terms and conditions of ABEO’s proposed acquisition of the VOGO shares that ABEO does not currently hold, through a voluntary public offer without the intention of implementing a squeeze-out. This transaction is unanimously supported by the founders of VOGO who have undertaken to contribute all of their shares (representing 28.99% of VOGO's capital ) to the Offer. In accordance with the Combination Agreement , the filing with the Autorité des marchés financiers of the draft Offer remains conditional on (i) the submission by Sorgem Evaluation of a report concluding that the financial conditions of the Offer are fair and (ii) the approval by the annual general meeting of ABEO, convened for July 15, of the resolution (falling within the competence of the extraordinary general meeting) allowing the implementation of a capital increase with removal of the shareholders' preferential subscription right, by the issuance of new ordinary shares of ABEO, in order to remunerate the contributions made to the Offer The Board of Directors of VOGO, meeting on June 3, 2025, unanimously welcomed the principle of the Offer. If the Offer is successful, Christophe CARNIEL is expected to join the executive committee and the Board of Directors of ABEO during the year 2026. The closing of the Offer will not be subject to any waiver threshold (other than the legal lapse threshold set at 50% of the share capital or voting rights) and ABEO's intention to file the Offer is not subject to any financing condition (the financing of the cash component of the Offer is intended to be ensured by recourse to ABEO's equity and/or existing financing lines). The Offer is also not subject to obtaining regulatory authorizations. Bredin Prat and Lamy Lexel are acting as legal advisors to ABEO. Fieldfisher is acting as legal advisors to VOGO.
공시 • May 05Vogo SA, Annual General Meeting, Jun 26, 2025Vogo SA, Annual General Meeting, Jun 26, 2025. Location: 895 rue de la vieille poste, parc majoria pompignane, immeuble la lona, montpellier France
New Risk • Sep 27New 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 Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Shareholders have been diluted in the past year (23% increase in shares outstanding). Market cap is less than US$100m (€20.7m market cap, or US$23.1m).
New Risk • Jul 30New minor 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 6.6% 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: Major Risk Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). 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 (6.6% average weekly change). Market cap is less than US$100m (€21.9m market cap, or US$23.8m).
Breakeven Date Change • Jul 26Forecast to breakeven in 2025The 2 analysts covering Vogo expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of €100.0k in 2025. Average annual earnings growth of 77% is required to achieve expected profit on schedule.
Buy Or Sell Opportunity • Jul 24Now 28% overvaluedOver the last 90 days, the stock has fallen 9.1% to €3.60. The fair value is estimated to be €2.81, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.8% over the last year. Earnings per share has declined by 42%. For the next 3 years, revenue is forecast to grow by 17% per annum. Earnings are also forecast to grow by 65% per annum over the same time period.
New Risk • May 27New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 50% This is considered a major 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: Major Risk Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Currently unprofitable and not forecast to become profitable over next 3 years (€49k net loss in 3 years). Market cap is less than US$100m (€25.8m market cap, or US$28.0m).
Breakeven Date Change • May 10Forecast to breakeven in 2025The analyst covering Vogo expects the company to break even for the first time. New forecast suggests the company will make a profit of €100.0k in 2025. Average annual earnings growth of 67% is required to achieve expected profit on schedule.
Breakeven Date Change • May 09Forecast to breakeven in 2025The analyst covering Vogo expects the company to break even for the first time. New forecast suggests the company will make a profit of €100.0k in 2025. Average annual earnings growth of 67% is required to achieve expected profit on schedule.
New Risk • Apr 14New 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). Currently unprofitable and not forecast to become profitable over next 2 years (€403k net loss in 2 years). Shareholders have been diluted in the past year (22% increase in shares outstanding). Market cap is less than US$100m (€22.2m market cap, or US$23.6m).
Breakeven Date Change • Apr 12No longer forecast to breakevenThe analyst covering Vogo no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of €400.0k in 2025. New forecast suggests the company will make a loss of €0 in 2025.
New Risk • Oct 05New minor 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 6.3% 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 (6.3% average weekly change). Shareholders have been diluted in the past year (22% increase in shares outstanding). Market cap is less than US$100m (€14.7m market cap, or US$15.4m).
Breakeven Date Change • Jul 28Forecast breakeven date pushed back to 2025The 2 analysts covering Vogo previously expected the company to break even in 2023. New consensus forecast suggests losses will reduce by 33% per year to 2024. The company is expected to make a profit of €400.0k in 2025. Average annual earnings growth of 60% is required to achieve expected profit on schedule.
New Risk • Jul 26New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 22% 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 Shareholders have been diluted in the past year (22% increase in shares outstanding). Market cap is less than US$100m (€20.6m market cap, or US$22.8m).
Board Change • Nov 16Less 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. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Anthony Parker 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.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Anthony Parker was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Breakeven Date Change • Feb 15Forecast breakeven date pushed back to 2023The 2 analysts covering Vogo previously expected the company to break even in 2022. New consensus forecast suggests losses will reduce by 75% per year to 2022. The company is expected to make a profit of €551.1k in 2023. Average annual earnings growth of 96% is required to achieve expected profit on schedule.
Board Change • Dec 22Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Anthony Parker was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.