Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to €1.48, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 10x in the Media industry in France. Total loss to shareholders of 64% over the past three years. 공시 • Mar 30
ISPD Network, S.A., Annual General Meeting, Jun 29, 2026 ISPD Network, S.A., Annual General Meeting, Jun 29, 2026. 공시 • Mar 29
ISPD Network, S.A. to Report First Half, 2026 Results on Oct 13, 2026 ISPD Network, S.A. announced that they will report first half, 2026 results on Oct 13, 2026 Reported Earnings • Mar 29
Full year 2025 earnings released: EPS: €0.02 (vs €0.032 loss in FY 2024) Full year 2025 results: EPS: €0.02 (up from €0.032 loss in FY 2024). Revenue: €144.1m (down 7.8% from FY 2024). Net income: €305.4k (up €778.2k from FY 2024). Profit margin: 0.2% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Revenue is forecast to grow 8.0% p.a. on average during the next 2 years, while revenues in the Media industry in France are expected to remain flat. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Dec 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €1.96, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Media industry in France. Total loss to shareholders of 53% over the past three years. Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to €1.83, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Media industry in France. Total loss to shareholders of 54% over the past three years. Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €1.54, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 9x in the Media industry in France. Total loss to shareholders of 61% over the past three years. Reported Earnings • Oct 14
First half 2025 earnings released: €0.14 loss per share (vs €0.26 loss in 1H 2024) First half 2025 results: €0.14 loss per share (improved from €0.26 loss in 1H 2024). Revenue: €61.1m (down 11% from 1H 2024). Net loss: €2.13m (loss narrowed 45% from 1H 2024). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Media industry in France. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. New Risk • Oct 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of French stocks, typically moving 7.1% 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 Interest payments are not well covered by earnings (2.2x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Market cap is less than US$100m (€29.7m market cap, or US$34.4m). 공시 • Jul 30
ISPD Network, S.A. to Report First Half, 2025 Results on Oct 09, 2025 ISPD Network, S.A. announced that they will report first half, 2025 results on Oct 09, 2025 New Risk • Apr 28
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. 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 Interest payments are not well covered by earnings (0.7x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (€42.1m market cap, or US$47.9m). New Risk • Feb 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of French stocks, typically moving 7.2% 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 Interest payments are not well covered by earnings (0.7x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Market cap is less than US$100m (€48.6m market cap, or US$51.0m). Reported Earnings • Oct 11
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: €0.19 (down from €0.30 in FY 2022). Revenue: €141.0m (up 33% from FY 2022). Net income: €2.85m (down 35% from FY 2022). Profit margin: 2.0% (down from 4.2% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Media industry in France. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Major Estimate Revision • Oct 11
Consensus EPS estimates fall from profit to €0.065 loss The consensus outlook for fiscal year 2024 has been updated. Forecast loss of -€0.065 per share in 2024, versus previous forecasts of €0.43 per share. Revenue forecast unchanged from €154.1m at last update. Media industry in France expected to see average net income growth of 18% next year. Consensus price target down from €7.90 to €6.00. Share price fell 14% to €2.76 over the past week. Price Target Changed • Oct 10
Price target decreased by 28% to €6.00 Down from €8.30, the current price target is provided by 1 analyst. New target price is 117% above last closing price of €2.76. Stock is down 25% over the past year. The company is forecast to post a net loss per share of €0.065 compared to earnings per share of €0.19 last year. Reported Earnings • Apr 28
Full year 2023 earnings released Full year 2023 results: Revenue: €140.0m (up 32% from FY 2022). Net income: €2.90m (down 34% from FY 2022). Profit margin: 2.1% (down from 4.2% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.8% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Media industry in France. Price Target Changed • Mar 29
Price target increased by 12% to €8.30 Up from €7.40, the current price target is provided by 1 analyst. New target price is 152% above last closing price of €3.30. Stock is down 19% over the past year. The company is forecast to post earnings per share of €0.22 for next year compared to €0.30 last year. New Risk • Oct 13
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 14% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Minor Risks Profit margins are more than 30% lower than last year (2.2% net profit margin). Market cap is less than US$100m (€54.5m market cap, or US$57.2m). New Risk • Oct 11
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: 5.0% 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: Minor Risks Profit margins are more than 30% lower than last year (2.3% net profit margin). Market cap is less than US$100m (€54.5m market cap, or US$57.8m). Reported Earnings • Oct 11
First half 2023 earnings released First half 2023 results: Revenue: €58.3m (up 29% from 1H 2022). Net loss: €600.0k (down 155% from profit in 1H 2022). Revenue is forecast to grow 6.3% p.a. on average during the next 2 years, compared to a 2.6% growth forecast for the Media industry in France. Over the last 3 years on average, earnings per share has increased by 135% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 28
Full year 2022 earnings released Full year 2022 results: Revenue: €105.9m (flat on FY 2021). Net income: €4.40m (down 17% from FY 2021). Profit margin: 4.2% (down from 5.0% in FY 2021). Revenue is forecast to grow 6.3% p.a. on average during the next 2 years, compared to a 1.8% growth forecast for the Media industry in France. Board Change • Nov 16
No independent directors 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. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Major Estimate Revision • Oct 25
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from €0.34 to €0.29. Revenue forecast unchanged from €110.3m at last update. Net income forecast to grow 1.5% next year vs 8.6% growth forecast for Media industry in France. Consensus price target down from €7.80 to €7.40. Share price was steady at €3.98 over the past week. Reported Earnings • Oct 13
First half 2022 earnings released First half 2022 results: Revenue: €45.3m (flat on 1H 2021). Net income: €1.10m (down 7.5% from 1H 2021). Profit margin: 2.4% (down from 2.6% in 1H 2021). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Media industry in France. Reported Earnings • May 01
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Revenue: €105.7m (up 93% from FY 2020). Net income: €5.40m (up €9.33m from FY 2020). Profit margin: 5.1% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 7.9%, compared to a 5.9% growth forecast for the industry in France. Board Change • Apr 27
No independent directors 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. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Nov 27
Investor sentiment deteriorated over the past week After last week's 18% share price decline to €3.72, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Media industry in France. Total loss to shareholders of 49% over the past three years. Reported Earnings • Oct 19
First half 2021 earnings released: EPS €0.08 (vs €1.22 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €45.2m (up 345% from 1H 2020). Net income: €1.19m (up €6.32m from 1H 2020). Profit margin: 2.6% (up from net loss in 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 19
Full year 2020 earnings released The company reported a decent full year result with improved revenues, although losses increased and control over costs was weaker. Full year 2020 results: Revenue: €54.4m (up 113% from FY 2019). Net loss: €4.08m (loss widened 159% from FY 2019). Price Target Changed • Mar 09
Price target raised to €6.70 Up from €4.70, the current price target is provided by 1 analyst. The new target price is 24% below the current share price of €8.80. As of last close, the stock is up 25% over the past year. Is New 90 Day High Low • Feb 18
New 90-day high: €4.60 The company is up 7.0% from its price of €4.28 on 19 November 2020. The French market is up 6.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Media industry, which is up 16% over the same period. Is New 90 Day High Low • Oct 15
New 90-day low: €3.60 The company is down 49% from its price of €7.10 on 17 July 2020. The French market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 8.0% over the same period. Reported Earnings • Oct 10
First half earnings released Over the last 12 months the company has reported total losses of €6.75m, with earnings decreasing by €7.92m from the prior year. Total revenue was €23.2m over the last 12 months, down 14% from the prior year. Major Estimate Revision • Oct 06
Analysts update estimates The company's losses in 2020 are expected to improve with analysts raising their consensus EPS forecasts from -€0.17 to -€0.049. No change was made to the revenue estimate which at the last update was €20.4m. The Media industry in France is expected to see a 27% decline in net income next year. The consensus price target of €4.70 was unchanged from the last update. Share price is up 1.1% to €3.84 over the past week.