New Risk • May 22
New major risk - Revenue and earnings growth Earnings have declined by 59% 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 Risks Interest payments are not well covered by earnings (2.7x net interest cover). Earnings have declined by 59% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€28.2m market cap, or US$32.8m). 공시 • Feb 14
Graines Voltz S.A., Annual General Meeting, Mar 26, 2026 Graines Voltz S.A., Annual General Meeting, Mar 26, 2026. Location: 1 rue edouard branly, colmar France New Risk • Feb 05
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.7x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.7x net interest cover). Minor Risk Market cap is less than US$100m (€30.0m market cap, or US$35.4m). Reported Earnings • Feb 02
Full year 2025 earnings released: EPS: €1.13 (vs €3.94 loss in FY 2024) Full year 2025 results: EPS: €1.13 (up from €3.94 loss in FY 2024). Revenue: €137.9m (up 2.6% from FY 2024). Net income: €1.63m (up €7.46m from FY 2024). Profit margin: 1.2% (up from net loss in FY 2024). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 1.7% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Retail Distributors industry in Europe. 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. New Risk • Jan 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2025. 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 (2.4x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported March 2025 fiscal period end). Market cap is less than US$100m (€27.7m market cap, or US$32.2m). Buy Or Sell Opportunity • Jan 13
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.9% to €18.30. The fair value is estimated to be €22.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Nov 14
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.3% to €18.70. The fair value is estimated to be €23.52, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Oct 15
Now 20% undervalued Over the last 90 days, the stock has risen 3.5% to €19.45. The fair value is estimated to be €24.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Aug 06
Now 20% undervalued Over the last 90 days, the stock has risen 3.5% to €19.35. The fair value is estimated to be €24.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Jul 22
Now 23% undervalued The stock has been flat over the last 90 days, currently trading at €18.90. The fair value is estimated to be €24.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. New Risk • Feb 19
New major risk - Revenue and earnings growth Earnings have declined by 30% 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 Risks Interest payments are not well covered by earnings (1.0x net interest cover). Earnings have declined by 30% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (€28.8m market cap, or US$30.0m). 공시 • Feb 07
Graines Voltz S.A., Annual General Meeting, Mar 20, 2025 Graines Voltz S.A., Annual General Meeting, Mar 20, 2025. Location: 1 rue edouard branly, colmar France New Risk • Jan 21
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 6.8% 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 (1.0x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported March 2024 fiscal period end). Share price has been volatile over the past 3 months (6.8% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (€30.2m market cap, or US$31.5m). New Risk • Jan 13
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 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 (1.0x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported March 2024 fiscal period end). Large one-off items impacting financial results. Market cap is less than US$100m (€33.0m market cap, or US$33.8m). Valuation Update With 7 Day Price Move • Sep 19
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €25.70, the stock trades at a forward P/E ratio of 53x. Average forward P/E is 9x in the Retail Distributors industry in Europe. Total loss to shareholders of 78% over the past three years. Major Estimate Revision • Sep 11
Consensus revenue estimates increase by 895%, EPS downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from €133.7m to €1.33b. EPS estimate fell from €0.147 to €0.08. Net income forecast to shrink 52% next year vs 17% growth forecast for Retail Distributors industry in France . Consensus price target down from €22.30 to €21.80. Share price rose 4.1% to €22.70 over the past week. New Risk • Jul 08
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 233% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.0x net interest cover). Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (€34.0m market cap, or US$36.9m). Major Estimate Revision • Jul 04
Consensus EPS estimates fall by 86% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from €1.07 to €0.15 per share. Revenue forecast steady at €133.7m. Net income forecast to shrink 45% next year vs 11% growth forecast for Retail Distributors industry in France . Consensus price target down from €28.50 to €22.30. Share price rose 4.4% to €23.90 over the past week. Price Target Changed • Jun 28
Price target decreased by 27% to €22.30 Down from €30.60, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of €22.20. Stock is down 42% over the past year. The company is forecast to post earnings per share of €0.15 for next year compared to €0.45 last year. New Risk • Jun 18
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 6.5% 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 (1.5x net interest cover). Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Profit margins are more than 30% lower than last year (0.5% net profit margin). Market cap is less than US$100m (€36.3m market cap, or US$38.9m). Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to €27.90, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 9x in the Retail Distributors industry in Europe. Total loss to shareholders of 76% over the past three years. Reported Earnings • Feb 05
Full year 2023 earnings released: EPS: €0.49 (vs €3.69 in FY 2022) Full year 2023 results: EPS: €0.49 (down from €3.69 in FY 2022). Revenue: €133.0m (flat on FY 2022). Net income: €661.0k (down 87% from FY 2022). Profit margin: 0.5% (down from 3.9% in FY 2022). Revenue is forecast to grow 2.0% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Retail Distributors industry in Europe. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 38% per year, which means it has not declined as severely as earnings. New Risk • Oct 16
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 5.9% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (5.9% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.2% net profit margin). Market cap is less than US$100m (€32.1m market cap, or US$33.9m). New Risk • Jul 10
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 64% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.2% net profit margin). Market cap is less than US$100m (€55.9m market cap, or US$61.3m). Major Estimate Revision • May 11
Consensus EPS estimates fall by 54% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from €144.1m to €134.0m. EPS estimate also fell from €4.51 per share to €2.06 per share. Net income forecast to shrink 41% next year vs 13% growth forecast for Retail Distributors industry in France . Consensus price target down from €93.00 to €69.00. Share price fell 4.2% to €37.35 over the past week. Price Target Changed • May 10
Price target decreased by 26% to €69.00 Down from €93.50, the current price target is provided by 1 analyst. New target price is 83% above last closing price of €37.65. Stock is down 76% over the past year. The company is forecast to post earnings per share of €4.51 for next year compared to €3.69 last year. Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €50.20, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Retail Distributors industry in Europe. Total loss to shareholders of 24% over the past three years. Reported Earnings • Feb 02
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: €4.00 (down from €7.24 in FY 2021). Revenue: €132.2m (up 8.1% from FY 2021). Net income: €5.19m (down 45% from FY 2021). Profit margin: 3.9% (down from 7.7% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 32%. Revenue is forecast to grow 9.4% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Retail Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has fallen by 2% per year. Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improved over the past week After last week's 16% share price gain to €83.80, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 13x in the Retail Distributors industry in Europe. Total returns to shareholders of 71% over the past three years. Board Change • Nov 16
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. No highly experienced directors. 1 independent director (4 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: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improved over the past week After last week's 17% share price gain to €73.40, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 10x in the Retail Distributors industry in Europe. Total returns to shareholders of 43% over the past three years. Price Target Changed • Sep 26
Price target decreased to €135 Down from €199, the current price target is provided by 1 analyst. New target price is 101% above last closing price of €67.00. Stock is down 46% over the past year. The company is forecast to post earnings per share of €6.42 for next year compared to €7.24 last year. Valuation Update With 7 Day Price Move • Sep 22
Investor sentiment deteriorated over the past week After last week's 25% share price decline to €75.00, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Retail Distributors industry in Europe. Total returns to shareholders of 44% over the past three years. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment deteriorated over the past week After last week's 20% share price decline to €127, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 10x in the Retail Distributors industry in Europe. Total returns to shareholders of 143% over the past three years. Major Estimate Revision • Jul 01
Consensus EPS estimates fall by 18% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from €141.5m to €135.3m. EPS estimate also fell from €7.81 per share to €6.42 per share. Net income forecast to grow 1.4% next year vs 33% growth forecast for Retail Distributors industry in France. Consensus price target down from €199 to €192. Share price fell 14% to €133 over the past week. Buying Opportunity • Jun 13
Now 22% undervalued Over the last 90 days, the stock is up 12%. The fair value is estimated to be €209, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings is also forecast to grow by 18% per annum over the same time period. Board Change • Apr 27
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. No highly experienced directors. 1 independent director (4 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: Minority of independent directors. Insufficient board refreshment. Buying Opportunity • Apr 07
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 4.3%. The fair value is estimated to be €198, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings is also forecast to grow by 19% per annum over the same time period. Upcoming Dividend • Mar 22
Upcoming dividend of €2.00 per share Eligible shareholders must have bought the stock before 29 March 2022. Payment date: 31 March 2022. Payout ratio is a comfortable 28% but the company is not cash flow positive. Trailing yield: 1.3%. Lower than top quartile of French dividend payers (4.8%). Lower than average of industry peers (2.1%). Major Estimate Revision • Feb 22
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from €140.3m to €145.6m. EPS estimate fell from €8.85 to €7.93 per share. Net income forecast to grow 25% next year vs 43% growth forecast for Retail Distributors industry in France. Consensus price target up from €151 to €212. Share price fell 13% to €148 over the past week. Price Target Changed • Feb 21
Price target increased to €212 Up from €149, the current price target is provided by 1 analyst. New target price is 42% above last closing price of €150. Stock is up 38% over the past year. The company is forecast to post earnings per share of €8.85 for next year compared to €7.24 last year. Buying Opportunity • Feb 17
Now 22% undervalued Over the last 90 days, the stock is up 10%. The fair value is estimated to be €192, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% per annum over the last 3 years. Earnings per share has been flat over the last 3 years. Reported Earnings • Feb 02
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: €7.00 (up from €3.26 in FY 2020). Revenue: €122.3m (up 41% from FY 2020). Net income: €9.38m (up 122% from FY 2020). Profit margin: 7.7% (up from 4.9% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Over the next year, revenue is forecast to grow 15%, compared to a 6.4% growth forecast for the retail industry in France. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 54% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €107, the stock is trading at a trailing P/E ratio of 25.6x, down from the previous P/E ratio of 30.8x. This compares to an average P/E of 18x in the Retail Distributors industry in Europe. Total returns to shareholders over the past three years are 309%. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improved over the past week After last week's 17% share price gain to €120, the stock is trading at a trailing P/E ratio of 28.7x, up from the previous P/E ratio of 24.6x. This compares to an average P/E of 18x in the Retail Distributors industry in Europe. Total returns to shareholders over the past three years are 384%. Is New 90 Day High Low • Dec 31
New 90-day high: €105 The company is up 27% from its price of €83.00 on 02 October 2020. The French market is up 16% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Retail Distributors industry, which is also up 27% over the same period. Is New 90 Day High Low • Dec 12
New 90-day high: €101 The company is up 51% from its price of €67.00 on 11 September 2020. The French market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Retail Distributors industry, which is up 25% over the same period. Is New 90 Day High Low • Nov 12
New 90-day high: €91.50 The company is up 48% from its price of €62.00 on 14 August 2020. The French market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Retail Distributors industry, which is up 19% over the same period. Is New 90 Day High Low • Oct 19
New 90-day high: €90.50 The company is up 29% from its price of €70.00 on 21 July 2020. The French market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Retail Distributors industry, which is up 3.0% over the same period. Is New 90 Day High Low • Sep 28
New 90-day high: €78.50 The company is up 8.0% from its price of €72.50 on 30 June 2020. The French market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Retail Distributors industry, which is up 3.0% over the same period. 공시 • Sep 24
Graines Voltz (ENXTPA:GRVO) agreed to acquire Hermina-Maier GmbH. Graines Voltz (ENXTPA:GRVO) agreed to acquire Hermina-Maier GmbH on September 22, 2020. Completion is expected in October 2020.