View Future GrowthMunic 과거 순이익 실적과거 기준 점검 0/6Munic은 연평균 32.5%의 비율로 수입이 증가해 온 반면, Communications 산업은 연평균 3.4%의 비율로 증가했습니다. 매출은 연평균 4.4%의 비율로 감소했습니다.핵심 정보32.50%순이익 성장률35.65%주당순이익(EPS) 성장률Communications 산업 성장률45.26%매출 성장률-4.43%자기자본이익률-2.05%순이익률-1.52%최근 순이익 업데이트31 Dec 2025최근 과거 실적 업데이트Reported Earnings • Apr 04Full year 2024 earnings releasedFull year 2024 results: Revenue: €9.50m (down 45% from FY 2023). Net loss: €1.12m (loss narrowed 38% from FY 2023).Reported Earnings • Mar 31Full year 2022 earnings releasedFull year 2022 results: Revenue: €21.6m (down 4.1% from FY 2021). Net income: €15.0k (up €244.4k from FY 2021). Profit margin: 0.1% (up from net loss in FY 2021). Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 9.7% growth forecast for the Communications industry in France.분석 기사 • Oct 06Munic (EPA:ALMUN) Posted Healthy Earnings But There Are Some Other Factors To Be Aware OfMunic S.A. ( EPA:ALMUN ) announced strong profits, but the stock was stagnant. We did some digging, and we found some...Reported Earnings • Oct 03First half 2022 earnings released: EPS: €0 (vs €0.19 loss in 1H 2021)First half 2022 results: EPS: €0 (improved from €0.19 loss in 1H 2021). Revenue: €10.7m (up 65% from 1H 2021). Net loss: €88.6k (loss narrowed 94% from 1H 2021). Revenue is forecast to grow 41% p.a. on average during the next 2 years, compared to a 6.9% growth forecast for the Communications industry in France.Reported Earnings • Apr 06Full year 2021 earnings: Revenues in line with analyst expectationsFull year 2021 results: Revenue: €19.3m (up 100% from FY 2020). Net loss: €229.0k (loss narrowed 96% from FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 77%, compared to a 17% growth forecast for the industry in France.Reported Earnings • Oct 06First half earnings releasedOver the last 12 months the company has reported total losses of €2.84m, with losses widening by 93% from the prior year. Total revenue was €18.7m over the last 12 months, up 7.1% from the prior year.모든 업데이트 보기Recent updates공시 • May 27Munic S.A., Annual General Meeting, Jun 30, 2026Munic S.A., Annual General Meeting, Jun 30, 2026. Location: 39 avenue de paris, villejuif FranceBuy Or Sell Opportunity • Jan 29Now 45% undervalued after recent price dropOver the last 90 days, the stock has fallen 6.9% to €0.70. The fair value is estimated to be €1.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 28% over the last 3 years. Meanwhile, the company has become profitable.New Risk • Jan 29New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of French stocks, typically moving 14% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Market cap is less than US$10m (€6.30m market cap, or US$7.52m). Minor Risk Large one-off items impacting financial results.분석 기사 • Jan 16Munic S.A. (EPA:ALMUN) Stock Rockets 27% As Investors Are Less Pessimistic Than ExpectedMunic S.A. ( EPA:ALMUN ) shareholders have had their patience rewarded with a 27% share price jump in the last month...Major Estimate Revision • Oct 03Consensus EPS estimates upgraded to €0.0079 lossThe consensus outlook for fiscal year 2025 has been updated. 2025 losses forecast to reduce from -€0.01 to -€0.0079 per share. Revenue forecast unchanged from €11.7m at last update. Communications industry in France expected to see average net income growth of 56% next year. Consensus price target of €0.70 unchanged from last update. Share price rose 2.0% to €0.91 over the past week.분석 기사 • Sep 13Munic S.A. (EPA:ALMUN) May Have Run Too Fast Too Soon With Recent 32% Price PlummetMunic S.A. ( EPA:ALMUN ) shares have retraced a considerable 32% in the last month, reversing a fair amount of their...분석 기사 • Jun 25Munic S.A.'s (EPA:ALMUN) 38% Price Boost Is Out Of Tune With RevenuesDespite an already strong run, Munic S.A. ( EPA:ALMUN ) shares have been powering on, with a gain of 38% in the last...Major Estimate Revision • Jun 06Consensus EPS estimates fall by 26%The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -€0.0079 to -€0.01 per share. Revenue forecast of €11.7m unchanged since last update. Communications industry in France expected to see average net income growth of 52% next year. Consensus price target of €0.70 unchanged from last update. Share price rose 12% to €0.57 over the past week.공시 • May 24Munic S.A., Annual General Meeting, Jun 30, 2025Munic S.A., Annual General Meeting, Jun 30, 2025. Location: 39 avenue de paris, villejuif France분석 기사 • Apr 26Market Might Still Lack Some Conviction On Munic S.A. (EPA:ALMUN) Even After 29% Share Price BoostThose holding Munic S.A. ( EPA:ALMUN ) shares would be relieved that the share price has rebounded 29% in the last...Reported Earnings • Apr 04Full year 2024 earnings releasedFull year 2024 results: Revenue: €9.50m (down 45% from FY 2023). Net loss: €1.12m (loss narrowed 38% from FY 2023).New Risk • Apr 02New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of French stocks, typically moving 11% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Market cap is less than US$10m (€4.44m market cap, or US$4.79m). Minor Risk Currently unprofitable and not forecast to become profitable next year (€83k net loss next year).분석 기사 • Feb 22Some Munic S.A. (EPA:ALMUN) Shareholders Look For Exit As Shares Take 27% PoundingMunic S.A. ( EPA:ALMUN ) shareholders that were waiting for something to happen have been dealt a blow with a 27% share...New Risk • Feb 04New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: €1.5m Forecast net loss in 1 year: €83k This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Market cap is less than US$10m (€4.87m market cap, or US$5.03m). Minor Risk Currently unprofitable and not forecast to become profitable next year (€83k net loss next year).분석 기사 • Dec 28Munic S.A. (EPA:ALMUN) Might Not Be As Mispriced As It Looks After Plunging 26%Munic S.A. ( EPA:ALMUN ) shares have retraced a considerable 26% in the last month, reversing a fair amount of their...분석 기사 • Dec 10We Think Munic (EPA:ALMUN) Has A Fair Chunk Of DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...분석 기사 • Oct 18Munic S.A.'s (EPA:ALMUN) Shares Leap 57% Yet They're Still Not Telling The Full StoryMunic S.A. ( EPA:ALMUN ) shares have had a really impressive month, gaining 57% after a shaky period beforehand. Not...Major Estimate Revision • Sep 29Consensus forecasts updatedThe consensus outlook for fiscal year 2024 has been updated. Communications industry in France expected to see average net income growth of 33% next year. Consensus price target of €1.30 unchanged from last update. Share price rose 2.8% to €0.44 over the past week.분석 기사 • Aug 30Investors Aren't Entirely Convinced By Munic S.A.'s (EPA:ALMUN) RevenuesIt's not a stretch to say that Munic S.A.'s ( EPA:ALMUN ) price-to-sales (or "P/S") ratio of 0.2x right now seems quite...New Risk • Jul 01New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -€1.7m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€1.7m free cash flow). Share price has been highly volatile over the past 3 months (9.8% average weekly change). Market cap is less than US$10m (€4.46m market cap, or US$4.77m).New Risk • Jun 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of French stocks, typically moving 9.2% 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 Market cap is less than US$10m (€4.99m market cap, or US$5.44m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-€1.7m). Share price has been volatile over the past 3 months (9.2% average weekly change).공시 • May 20Munic S.A., Annual General Meeting, Jun 24, 2024Munic S.A., Annual General Meeting, Jun 24, 2024. Location: 39 avenue de paris, villejuif France분석 기사 • May 09Is Munic (EPA:ALMUN) Weighed On By Its Debt Load?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...분석 기사 • Feb 20More Unpleasant Surprises Could Be In Store For Munic S.A.'s (EPA:ALMUN) Shares After Tumbling 26%Unfortunately for some shareholders, the Munic S.A. ( EPA:ALMUN ) share price has dived 26% in the last thirty days...분석 기사 • Dec 18Munic S.A.'s (EPA:ALMUN) Popularity With Investors Under Threat As Stock Sinks 27%To the annoyance of some shareholders, Munic S.A. ( EPA:ALMUN ) shares are down a considerable 27% in the last month...분석 기사 • Nov 25Is Munic (EPA:ALMUN) A Risky Investment?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...New Risk • Oct 13New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: €8.97m (US$9.42m) This is considered a major 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 Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Market cap is less than US$10m (€8.97m market cap, or US$9.42m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-€4.4m). Currently unprofitable and not forecast to become profitable next year (€51k net loss next year). Shareholders have been diluted in the past year (14% increase in shares outstanding).New Risk • Oct 10New minor risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow. Free cash flow: -€4.4m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Less than 1 year of cash runway based on current free cash flow (-€4.4m). Currently unprofitable and not forecast to become profitable next year (€51k net loss next year). Shareholders have been diluted in the past year (14% increase in shares outstanding). Market cap is less than US$100m (€11.3m market cap, or US$11.9m).분석 기사 • Sep 20Munic S.A.'s (EPA:ALMUN) Popularity With Investors Is Under Threat From OverpricingThere wouldn't be many who think Munic S.A.'s ( EPA:ALMUN ) price-to-sales (or "P/S") ratio of 0.7x is worth a mention...New Risk • Aug 13New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of French stocks, typically moving 6.1% 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: Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Shareholders have been diluted in the past year (14% increase in shares outstanding). Market cap is less than US$100m (€20.7m market cap, or US$22.7m).Major Estimate Revision • May 11Consensus revenue estimates decrease by 17%The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from €27.0m to €22.5m. EPS estimate unchanged at €0.019 per share. Net income forecast to grow 517% next year vs 1.2% growth forecast for Communications industry in France. Consensus price target down from €4.50 to €4.00. Share price was steady at €2.91 over the past week.Price Target Changed • May 10Price target decreased by 15% to €4.00Down from €4.70, the current price target is provided by 1 analyst. New target price is 37% above last closing price of €2.91. Stock is down 4.6% over the past year.Reported Earnings • Mar 31Full year 2022 earnings releasedFull year 2022 results: Revenue: €21.6m (down 4.1% from FY 2021). Net income: €15.0k (up €244.4k from FY 2021). Profit margin: 0.1% (up from net loss in FY 2021). Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 9.7% growth forecast for the Communications industry in France.Price Target Changed • Mar 06Price target decreased by 10.0% to €4.50Down from €5.00, the current price target is provided by 1 analyst. New target price is 42% above last closing price of €3.16. Stock is up 22% over the past year. The company is forecast to post a net loss per share of €0.055 next year compared to a net loss per share of €0.029 last year.분석 기사 • Feb 02Munic (EPA:ALMUN) Might Have The Makings Of A Multi-BaggerIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. In a perfect...Valuation Update With 7 Day Price Move • Feb 01Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €2.99, the stock trades at a forward P/E ratio of 96x. Average forward P/E is 21x in the Communications industry in Europe. Total loss to shareholders of 6.6% over the past year.분석 기사 • Dec 07Munic (EPA:ALMUN) Takes On Some Risk With Its Use Of DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Valuation Update With 7 Day Price Move • Dec 06Investor sentiment improved over the past weekAfter last week's 19% share price gain to €3.87, the stock trades at a forward P/E ratio of 125x. Average forward P/E is 18x in the Communications industry in Europe. Total returns to shareholders of 45% over the past year.Board Change • Nov 16Less than half of directors are independentFollowing 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. 3 non-independent directors. Independent Director Francois Goubard 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.분석 기사 • Oct 06Munic (EPA:ALMUN) Posted Healthy Earnings But There Are Some Other Factors To Be Aware OfMunic S.A. ( EPA:ALMUN ) announced strong profits, but the stock was stagnant. We did some digging, and we found some...Reported Earnings • Oct 03First half 2022 earnings released: EPS: €0 (vs €0.19 loss in 1H 2021)First half 2022 results: EPS: €0 (improved from €0.19 loss in 1H 2021). Revenue: €10.7m (up 65% from 1H 2021). Net loss: €88.6k (loss narrowed 94% from 1H 2021). Revenue is forecast to grow 41% p.a. on average during the next 2 years, compared to a 6.9% growth forecast for the Communications industry in France.Major Estimate Revision • Sep 29Consensus revenue estimates fall by 17%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from €26.0m to €21.5m. Forecast losses increased from -€0.01 to -€0.05 per share. Communications industry in France expected to see average net income growth of 23% next year. Consensus price target down from €5.00 to €4.70. Share price was steady at €2.82 over the past week.Major Estimate Revision • Jul 28Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from €34.1m to €26.0m. EPS estimate increased from -€0.40 to -€0.01 per share. Communications industry in France expected to see average net income growth of 7.5% next year. Consensus price target down from €6.00 to €5.00. Share price rose 25% to €3.30 over the past week.Price Target Changed • Apr 27Price target decreased to €6.00Down from €6.95, the current price target is provided by 1 analyst. New target price is 103% above last closing price of €2.95. Stock is down 32% over the past year.Board Change • Apr 27Less than half of directors are independentThere are 4 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). Chairman of the Board & CEO Aaron Solomon is the most experienced director on the board, commencing their role in 2007. Independent Director Francois Goubard 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. Lack of experienced directors.Reported Earnings • Apr 06Full year 2021 earnings: Revenues in line with analyst expectationsFull year 2021 results: Revenue: €19.3m (up 100% from FY 2020). Net loss: €229.0k (loss narrowed 96% from FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 77%, compared to a 17% growth forecast for the industry in France.Breakeven Date Change • Jan 26No longer forecast to breakevenThe analyst covering Munic no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of €1.38m in 2023. New forecast suggests the company will make a loss of €1.52m in 2023.분석 기사 • Dec 11Is Munic (EPA:ALMUN) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Price Target Changed • Apr 21Price target decreased to €6.45Down from €6.95, the current price target is provided by 1 analyst. New target price is 59% above last closing price of €4.06. Stock is down 23% over the past year.분석 기사 • Apr 11Munic S.A. (EPA:ALMUN): When Will It Breakeven?Munic S.A. ( EPA:ALMUN ) is possibly approaching a major achievement in its business, so we would like to shine some...Is New 90 Day High Low • Dec 02New 90-day high: €4.75The company is up 12% from its price of €4.26 on 03 September 2020. The French market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €57.89 per share.Is New 90 Day High Low • Nov 03New 90-day low: €2.00The company is down 55% from its price of €4.40 on 04 August 2020. The French market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €56.24 per share.Is New 90 Day High Low • Oct 16New 90-day low: €2.97The company is down 37% from its price of €4.70 on 17 July 2020. The French market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €57.30 per share.Reported Earnings • Oct 06First half earnings releasedOver the last 12 months the company has reported total losses of €2.84m, with losses widening by 93% from the prior year. Total revenue was €18.7m over the last 12 months, up 7.1% from the prior year.Is New 90 Day High Low • Sep 25New 90-day low: €4.06The company is down 20% from its price of €5.10 on 26 June 2020. The French market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 19% over the same period.매출 및 비용 세부 내역Munic가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이ENXTPA:ALMUN 매출, 비용 및 순이익 (EUR Millions)날짜매출순이익일반관리비연구개발비31 Dec 251504030 Sep 251504030 Jun 251405031 Mar 251305031 Dec 2412-15030 Sep 2412-13030 Jun 2415-16031 Mar 2416-26031 Dec 2317-26030 Sep 2320-28030 Jun 2322-26031 Mar 2323-16031 Dec 222406030 Sep 222515030 Jun 222615031 Mar 222405031 Dec 212206030 Sep 2118-26030 Jun 2113-36031 Mar 2111-45031 Dec 2010-65030 Sep 2014-45030 Jun 2019-35031 Mar 2019-25031 Dec 1919-15030 Sep 1918-15030 Jun 1917-15031 Mar 1917-15031 Dec 181705031 Dec 1714040양질의 수익: ALMUN 은(는) 현재 수익성이 없습니다.이익 마진 증가: ALMUN는 현재 수익성이 없습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: ALMUN는 수익성이 없지만 지난 5년 동안 연평균 32.5%의 속도로 손실을 줄였습니다.성장 가속화: 현재 수익성이 없어 지난 1년간 ALMUN의 수익 성장률을 5년 평균과 비교할 수 없습니다.수익 대 산업: ALMUN은 수익성이 없어 지난 해 수익 성장률을 Communications 업계(20.6%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: ALMUN는 현재 수익성이 없으므로 자본 수익률이 음수(-2.05%)입니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YTech 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/16 14:10종가2026/06/16 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 소스Munic S.A.는 1명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Sandrine CauvinGilbert Dupont
Reported Earnings • Apr 04Full year 2024 earnings releasedFull year 2024 results: Revenue: €9.50m (down 45% from FY 2023). Net loss: €1.12m (loss narrowed 38% from FY 2023).
Reported Earnings • Mar 31Full year 2022 earnings releasedFull year 2022 results: Revenue: €21.6m (down 4.1% from FY 2021). Net income: €15.0k (up €244.4k from FY 2021). Profit margin: 0.1% (up from net loss in FY 2021). Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 9.7% growth forecast for the Communications industry in France.
분석 기사 • Oct 06Munic (EPA:ALMUN) Posted Healthy Earnings But There Are Some Other Factors To Be Aware OfMunic S.A. ( EPA:ALMUN ) announced strong profits, but the stock was stagnant. We did some digging, and we found some...
Reported Earnings • Oct 03First half 2022 earnings released: EPS: €0 (vs €0.19 loss in 1H 2021)First half 2022 results: EPS: €0 (improved from €0.19 loss in 1H 2021). Revenue: €10.7m (up 65% from 1H 2021). Net loss: €88.6k (loss narrowed 94% from 1H 2021). Revenue is forecast to grow 41% p.a. on average during the next 2 years, compared to a 6.9% growth forecast for the Communications industry in France.
Reported Earnings • Apr 06Full year 2021 earnings: Revenues in line with analyst expectationsFull year 2021 results: Revenue: €19.3m (up 100% from FY 2020). Net loss: €229.0k (loss narrowed 96% from FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 77%, compared to a 17% growth forecast for the industry in France.
Reported Earnings • Oct 06First half earnings releasedOver the last 12 months the company has reported total losses of €2.84m, with losses widening by 93% from the prior year. Total revenue was €18.7m over the last 12 months, up 7.1% from the prior year.
공시 • May 27Munic S.A., Annual General Meeting, Jun 30, 2026Munic S.A., Annual General Meeting, Jun 30, 2026. Location: 39 avenue de paris, villejuif France
Buy Or Sell Opportunity • Jan 29Now 45% undervalued after recent price dropOver the last 90 days, the stock has fallen 6.9% to €0.70. The fair value is estimated to be €1.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 28% over the last 3 years. Meanwhile, the company has become profitable.
New Risk • Jan 29New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of French stocks, typically moving 14% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Market cap is less than US$10m (€6.30m market cap, or US$7.52m). Minor Risk Large one-off items impacting financial results.
분석 기사 • Jan 16Munic S.A. (EPA:ALMUN) Stock Rockets 27% As Investors Are Less Pessimistic Than ExpectedMunic S.A. ( EPA:ALMUN ) shareholders have had their patience rewarded with a 27% share price jump in the last month...
Major Estimate Revision • Oct 03Consensus EPS estimates upgraded to €0.0079 lossThe consensus outlook for fiscal year 2025 has been updated. 2025 losses forecast to reduce from -€0.01 to -€0.0079 per share. Revenue forecast unchanged from €11.7m at last update. Communications industry in France expected to see average net income growth of 56% next year. Consensus price target of €0.70 unchanged from last update. Share price rose 2.0% to €0.91 over the past week.
분석 기사 • Sep 13Munic S.A. (EPA:ALMUN) May Have Run Too Fast Too Soon With Recent 32% Price PlummetMunic S.A. ( EPA:ALMUN ) shares have retraced a considerable 32% in the last month, reversing a fair amount of their...
분석 기사 • Jun 25Munic S.A.'s (EPA:ALMUN) 38% Price Boost Is Out Of Tune With RevenuesDespite an already strong run, Munic S.A. ( EPA:ALMUN ) shares have been powering on, with a gain of 38% in the last...
Major Estimate Revision • Jun 06Consensus EPS estimates fall by 26%The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -€0.0079 to -€0.01 per share. Revenue forecast of €11.7m unchanged since last update. Communications industry in France expected to see average net income growth of 52% next year. Consensus price target of €0.70 unchanged from last update. Share price rose 12% to €0.57 over the past week.
공시 • May 24Munic S.A., Annual General Meeting, Jun 30, 2025Munic S.A., Annual General Meeting, Jun 30, 2025. Location: 39 avenue de paris, villejuif France
분석 기사 • Apr 26Market Might Still Lack Some Conviction On Munic S.A. (EPA:ALMUN) Even After 29% Share Price BoostThose holding Munic S.A. ( EPA:ALMUN ) shares would be relieved that the share price has rebounded 29% in the last...
Reported Earnings • Apr 04Full year 2024 earnings releasedFull year 2024 results: Revenue: €9.50m (down 45% from FY 2023). Net loss: €1.12m (loss narrowed 38% from FY 2023).
New Risk • Apr 02New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of French stocks, typically moving 11% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Market cap is less than US$10m (€4.44m market cap, or US$4.79m). Minor Risk Currently unprofitable and not forecast to become profitable next year (€83k net loss next year).
분석 기사 • Feb 22Some Munic S.A. (EPA:ALMUN) Shareholders Look For Exit As Shares Take 27% PoundingMunic S.A. ( EPA:ALMUN ) shareholders that were waiting for something to happen have been dealt a blow with a 27% share...
New Risk • Feb 04New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: €1.5m Forecast net loss in 1 year: €83k This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Market cap is less than US$10m (€4.87m market cap, or US$5.03m). Minor Risk Currently unprofitable and not forecast to become profitable next year (€83k net loss next year).
분석 기사 • Dec 28Munic S.A. (EPA:ALMUN) Might Not Be As Mispriced As It Looks After Plunging 26%Munic S.A. ( EPA:ALMUN ) shares have retraced a considerable 26% in the last month, reversing a fair amount of their...
분석 기사 • Dec 10We Think Munic (EPA:ALMUN) Has A Fair Chunk Of DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
분석 기사 • Oct 18Munic S.A.'s (EPA:ALMUN) Shares Leap 57% Yet They're Still Not Telling The Full StoryMunic S.A. ( EPA:ALMUN ) shares have had a really impressive month, gaining 57% after a shaky period beforehand. Not...
Major Estimate Revision • Sep 29Consensus forecasts updatedThe consensus outlook for fiscal year 2024 has been updated. Communications industry in France expected to see average net income growth of 33% next year. Consensus price target of €1.30 unchanged from last update. Share price rose 2.8% to €0.44 over the past week.
분석 기사 • Aug 30Investors Aren't Entirely Convinced By Munic S.A.'s (EPA:ALMUN) RevenuesIt's not a stretch to say that Munic S.A.'s ( EPA:ALMUN ) price-to-sales (or "P/S") ratio of 0.2x right now seems quite...
New Risk • Jul 01New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -€1.7m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€1.7m free cash flow). Share price has been highly volatile over the past 3 months (9.8% average weekly change). Market cap is less than US$10m (€4.46m market cap, or US$4.77m).
New Risk • Jun 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of French stocks, typically moving 9.2% 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 Market cap is less than US$10m (€4.99m market cap, or US$5.44m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-€1.7m). Share price has been volatile over the past 3 months (9.2% average weekly change).
공시 • May 20Munic S.A., Annual General Meeting, Jun 24, 2024Munic S.A., Annual General Meeting, Jun 24, 2024. Location: 39 avenue de paris, villejuif France
분석 기사 • May 09Is Munic (EPA:ALMUN) Weighed On By Its Debt Load?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
분석 기사 • Feb 20More Unpleasant Surprises Could Be In Store For Munic S.A.'s (EPA:ALMUN) Shares After Tumbling 26%Unfortunately for some shareholders, the Munic S.A. ( EPA:ALMUN ) share price has dived 26% in the last thirty days...
분석 기사 • Dec 18Munic S.A.'s (EPA:ALMUN) Popularity With Investors Under Threat As Stock Sinks 27%To the annoyance of some shareholders, Munic S.A. ( EPA:ALMUN ) shares are down a considerable 27% in the last month...
분석 기사 • Nov 25Is Munic (EPA:ALMUN) A Risky Investment?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
New Risk • Oct 13New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: €8.97m (US$9.42m) This is considered a major 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 Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Market cap is less than US$10m (€8.97m market cap, or US$9.42m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-€4.4m). Currently unprofitable and not forecast to become profitable next year (€51k net loss next year). Shareholders have been diluted in the past year (14% increase in shares outstanding).
New Risk • Oct 10New minor risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow. Free cash flow: -€4.4m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Less than 1 year of cash runway based on current free cash flow (-€4.4m). Currently unprofitable and not forecast to become profitable next year (€51k net loss next year). Shareholders have been diluted in the past year (14% increase in shares outstanding). Market cap is less than US$100m (€11.3m market cap, or US$11.9m).
분석 기사 • Sep 20Munic S.A.'s (EPA:ALMUN) Popularity With Investors Is Under Threat From OverpricingThere wouldn't be many who think Munic S.A.'s ( EPA:ALMUN ) price-to-sales (or "P/S") ratio of 0.7x is worth a mention...
New Risk • Aug 13New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of French stocks, typically moving 6.1% 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: Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Shareholders have been diluted in the past year (14% increase in shares outstanding). Market cap is less than US$100m (€20.7m market cap, or US$22.7m).
Major Estimate Revision • May 11Consensus revenue estimates decrease by 17%The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from €27.0m to €22.5m. EPS estimate unchanged at €0.019 per share. Net income forecast to grow 517% next year vs 1.2% growth forecast for Communications industry in France. Consensus price target down from €4.50 to €4.00. Share price was steady at €2.91 over the past week.
Price Target Changed • May 10Price target decreased by 15% to €4.00Down from €4.70, the current price target is provided by 1 analyst. New target price is 37% above last closing price of €2.91. Stock is down 4.6% over the past year.
Reported Earnings • Mar 31Full year 2022 earnings releasedFull year 2022 results: Revenue: €21.6m (down 4.1% from FY 2021). Net income: €15.0k (up €244.4k from FY 2021). Profit margin: 0.1% (up from net loss in FY 2021). Revenue is forecast to grow 32% p.a. on average during the next 2 years, compared to a 9.7% growth forecast for the Communications industry in France.
Price Target Changed • Mar 06Price target decreased by 10.0% to €4.50Down from €5.00, the current price target is provided by 1 analyst. New target price is 42% above last closing price of €3.16. Stock is up 22% over the past year. The company is forecast to post a net loss per share of €0.055 next year compared to a net loss per share of €0.029 last year.
분석 기사 • Feb 02Munic (EPA:ALMUN) Might Have The Makings Of A Multi-BaggerIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. In a perfect...
Valuation Update With 7 Day Price Move • Feb 01Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €2.99, the stock trades at a forward P/E ratio of 96x. Average forward P/E is 21x in the Communications industry in Europe. Total loss to shareholders of 6.6% over the past year.
분석 기사 • Dec 07Munic (EPA:ALMUN) Takes On Some Risk With Its Use Of DebtDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Valuation Update With 7 Day Price Move • Dec 06Investor sentiment improved over the past weekAfter last week's 19% share price gain to €3.87, the stock trades at a forward P/E ratio of 125x. Average forward P/E is 18x in the Communications industry in Europe. Total returns to shareholders of 45% over the past year.
Board Change • Nov 16Less than half of directors are independentFollowing 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. 3 non-independent directors. Independent Director Francois Goubard 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.
분석 기사 • Oct 06Munic (EPA:ALMUN) Posted Healthy Earnings But There Are Some Other Factors To Be Aware OfMunic S.A. ( EPA:ALMUN ) announced strong profits, but the stock was stagnant. We did some digging, and we found some...
Reported Earnings • Oct 03First half 2022 earnings released: EPS: €0 (vs €0.19 loss in 1H 2021)First half 2022 results: EPS: €0 (improved from €0.19 loss in 1H 2021). Revenue: €10.7m (up 65% from 1H 2021). Net loss: €88.6k (loss narrowed 94% from 1H 2021). Revenue is forecast to grow 41% p.a. on average during the next 2 years, compared to a 6.9% growth forecast for the Communications industry in France.
Major Estimate Revision • Sep 29Consensus revenue estimates fall by 17%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from €26.0m to €21.5m. Forecast losses increased from -€0.01 to -€0.05 per share. Communications industry in France expected to see average net income growth of 23% next year. Consensus price target down from €5.00 to €4.70. Share price was steady at €2.82 over the past week.
Major Estimate Revision • Jul 28Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from €34.1m to €26.0m. EPS estimate increased from -€0.40 to -€0.01 per share. Communications industry in France expected to see average net income growth of 7.5% next year. Consensus price target down from €6.00 to €5.00. Share price rose 25% to €3.30 over the past week.
Price Target Changed • Apr 27Price target decreased to €6.00Down from €6.95, the current price target is provided by 1 analyst. New target price is 103% above last closing price of €2.95. Stock is down 32% over the past year.
Board Change • Apr 27Less than half of directors are independentThere are 4 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). Chairman of the Board & CEO Aaron Solomon is the most experienced director on the board, commencing their role in 2007. Independent Director Francois Goubard 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. Lack of experienced directors.
Reported Earnings • Apr 06Full year 2021 earnings: Revenues in line with analyst expectationsFull year 2021 results: Revenue: €19.3m (up 100% from FY 2020). Net loss: €229.0k (loss narrowed 96% from FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 77%, compared to a 17% growth forecast for the industry in France.
Breakeven Date Change • Jan 26No longer forecast to breakevenThe analyst covering Munic no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of €1.38m in 2023. New forecast suggests the company will make a loss of €1.52m in 2023.
분석 기사 • Dec 11Is Munic (EPA:ALMUN) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Price Target Changed • Apr 21Price target decreased to €6.45Down from €6.95, the current price target is provided by 1 analyst. New target price is 59% above last closing price of €4.06. Stock is down 23% over the past year.
분석 기사 • Apr 11Munic S.A. (EPA:ALMUN): When Will It Breakeven?Munic S.A. ( EPA:ALMUN ) is possibly approaching a major achievement in its business, so we would like to shine some...
Is New 90 Day High Low • Dec 02New 90-day high: €4.75The company is up 12% from its price of €4.26 on 03 September 2020. The French market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €57.89 per share.
Is New 90 Day High Low • Nov 03New 90-day low: €2.00The company is down 55% from its price of €4.40 on 04 August 2020. The French market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €56.24 per share.
Is New 90 Day High Low • Oct 16New 90-day low: €2.97The company is down 37% from its price of €4.70 on 17 July 2020. The French market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €57.30 per share.
Reported Earnings • Oct 06First half earnings releasedOver the last 12 months the company has reported total losses of €2.84m, with losses widening by 93% from the prior year. Total revenue was €18.7m over the last 12 months, up 7.1% from the prior year.
Is New 90 Day High Low • Sep 25New 90-day low: €4.06The company is down 20% from its price of €5.10 on 26 June 2020. The French market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 19% over the same period.