New Risk • Jan 14
New major risk - Revenue and earnings growth Earnings have declined by 26% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 05
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: €2.04 loss per share (further deteriorated from €0.53 loss in FY 2024). Revenue: €178.1m (up 17% from FY 2024). Net loss: €37.3m (loss widened 283% from FY 2024). Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) missed analyst estimates by 34%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Entertainment industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. New Risk • Oct 03
New major risk - Revenue and earnings growth Earnings have declined by 16% 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. This is currently the only risk that has been identified for the company. New Risk • Sep 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 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. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 06
First half 2025 earnings released: €0.73 loss per share (vs €1.51 profit in 1H 2024) First half 2025 results: €0.73 loss per share (down from €1.51 profit in 1H 2024). Revenue: €96.8m (up 18% from 1H 2024). Net loss: €13.4m (down 148% from profit in 1H 2024). Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Entertainment industry in Europe. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. 공고 • Oct 16
AFC Ajax NV, Annual General Meeting, Dec 16, 2024 AFC Ajax NV, Annual General Meeting, Dec 16, 2024. New Risk • Oct 02
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 12% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 01
Full year 2024 earnings released: €0.53 loss per share (vs €2.13 profit in FY 2023) Full year 2024 results: €0.53 loss per share (down from €2.13 profit in FY 2023). Revenue: €152.0m (down 23% from FY 2023). Net loss: €9.80m (down 125% from profit in FY 2023). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Entertainment industry in Europe. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. New Risk • Sep 15
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 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. This is currently the only risk that has been identified for the company. Major Estimate Revision • May 15
Consensus revenue estimates fall by 23% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €202.0m to €155.0m. Forecast loss of -€0.24, down from profit of €0.84 per share profit previously. Entertainment industry in the Netherlands expected to see average net income growth of 30% next year. Consensus price target down from €17.00 to €11.00. Share price was steady at €10.45 over the past week. Upcoming Dividend • Nov 14
Upcoming dividend of €0.09 per share at 0.8% yield Eligible shareholders must have bought the stock before 21 November 2023. Payment date: 24 November 2023. Trailing yield: 0.8%. Lower than top quartile of Dutch dividend payers (6.5%). Lower than average of industry peers (1.9%). New Risk • Aug 24
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. 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 Risks Earnings are forecast to decline by an average of 40% per year for the foreseeable future. High level of non-cash earnings (37% accrual ratio). Minor Risk Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Reported Earnings • Feb 24
First half 2023 earnings released First half 2023 results: Revenue: €119.8m (up 2.2% from 1H 2022). Net income: €76.0m (up €73.6m from 1H 2022). Profit margin: 64% (up from 2.1% in 1H 2022). Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Entertainment industry in Europe. Price Target Changed • Nov 16
Price target decreased to €17.00 Down from €20.00, the current price target is provided by 1 analyst. New target price is 48% above last closing price of €11.50. Stock is down 23% over the past year. The company is forecast to post earnings per share of €0.46 next year compared to a net loss per share of €1.33 last year. Reported Earnings • Sep 30
Full year 2022 earnings released Full year 2022 results: Revenue: €189.2m (up 51% from FY 2021). Net loss: €24.3m (loss widened 202% from FY 2021). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Entertainment industry in Europe. Price Target Changed • Apr 27
Price target decreased to €20.00 Down from €32.00, the current price target is provided by 1 analyst. New target price is 64% above last closing price of €12.20. Stock is down 22% over the past year. The company is forecast to post earnings per share of €0.77 next year compared to a net loss per share of €0.44 last year. Reported Earnings • Oct 03
Full year 2021 earnings released The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: €125.2m (down 23% from FY 2020). Net loss: €8.06m (down 139% from profit in FY 2020). Is New 90 Day High Low • Dec 03
New 90-day high: €16.94 The company is up 6.0% from its price of €16.00 on 04 September 2020. The Dutch market is up 13% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Entertainment industry, which is also up 6.0% over the same period. Reported Earnings • Oct 01
Full year earnings released - EPS €1.13 Over the last 12 months the company has reported total profits of €20.7m, down 60% from the prior year. Total revenue was €162.3m over the last 12 months, down 19% from the prior year. Profit margins were 13%, which is lower than the 26% margin from last year. The decrease in margin was driven by lower revenue.