View ValuationBittnet Systems 향후 성장Future 기준 점검 0/6Bittnet Systems의 수익이 연간 7.5%로 감소할 것으로 예상됨입니다.핵심 정보n/a이익 성장률n/aEPS 성장률IT 이익 성장13.2%매출 성장률-7.5%향후 자기자본이익률3.70%애널리스트 커버리지Low마지막 업데이트28 Nov 2025최근 향후 성장 업데이트Price Target Changed • Dec 04Price target decreased by 41% to RON0.11Down from RON0.19, the current price target is provided by 1 analyst. New target price is 6.8% below last closing price of RON0.12. Stock is down 26% over the past year. The company posted a net loss per share of RON0.0097 last year.Price Target Changed • Dec 21Price target decreased to RON0.30Down from RON0.35, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of RON0.29. Stock is down 6.3% over the past year. The company posted earnings per share of RON0.026 last year.Price Target Changed • Nov 16Price target increased to RON0.35Up from RON0.32, the current price target is provided by 1 analyst. New target price is 20% above last closing price of RON0.29. Stock is down 3.9% over the past year. The company posted earnings per share of RON0.026 last year.Price Target Changed • Aug 09Price target increased to RON0.35Up from RON0.32, the current price target is provided by 1 analyst. New target price is 22% above last closing price of RON0.29. Stock is down 18% over the past year. The company posted earnings per share of RON0.026 last year.Price Target Changed • Apr 27Price target decreased to RON0.36Down from RON0.79, the current price target is provided by 1 analyst. New target price is 13% above last closing price of RON0.32. Stock is down 26% over the past year. The company posted earnings per share of RON0.029 last year.Price Target Changed • Sep 01Price target increased to RON0.79Up from RON0.46, the current price target is provided by 1 analyst. New target price is 114% above last closing price of RON0.37. Stock is down 9.6% over the past year.모든 업데이트 보기Recent updatesReported Earnings • Mar 02Full year 2025 earnings released: RON0.01 loss per share (vs RON0.01 loss in FY 2024)Full year 2025 results: RON0.01 loss per share (in line with FY 2024). Revenue: RON394.3m (down 2.4% from FY 2024). Net loss: RON6.12m (flat on FY 2024). Revenue is expected to decline by 7.5% p.a. on average during the next 3 years, while revenues in the IT industry in Europe are expected to grow by 4.3%. Over the last 3 years on average, earnings per share has fallen by 24% per year whereas the company’s share price has fallen by 28% per year.Board Change • Dec 15Less than half of directors are independentNo 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.Price Target Changed • Dec 04Price target decreased by 41% to RON0.11Down from RON0.19, the current price target is provided by 1 analyst. New target price is 6.8% below last closing price of RON0.12. Stock is down 26% over the past year. The company posted a net loss per share of RON0.0097 last year.Reported Earnings • Nov 30Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: RON69.8m (down 47% from 3Q 2024). Net loss: RON871.1k (loss narrowed 35% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.분석 기사 • Oct 03Even With A 43% Surge, Cautious Investors Are Not Rewarding Bittnet Systems SA's (BVB:BNET) Performance CompletelyBittnet Systems SA ( BVB:BNET ) shares have had a really impressive month, gaining 43% after a shaky period beforehand...New Risk • Oct 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 Romanian stocks, typically moving 7.8% 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 Earnings have declined by 56% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Market cap is less than US$100m (RON92.6m market cap, or US$21.3m).Reported Earnings • Sep 01Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: RON57.5m (down 56% from 2Q 2024). Net loss: RON8.16m (down 334% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings.분석 기사 • Jul 26We Think Bittnet Systems (BVB:BNET) Can Stay On Top Of Its DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...Buy Or Sell Opportunity • Jun 05Now 28% overvaluedOver the last 90 days, the stock has fallen 4.1% to RON0.17. The fair value is estimated to be RON0.13, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 39% over the last 3 years. Meanwhile, the company became loss making.Reported Earnings • Jun 02First quarter 2025 earnings releasedFirst quarter 2025 results: Revenue: RON46.4m (up 5.2% from 1Q 2024). Net loss: RON9.44m (loss widened 3.1% from 1Q 2024).공지 • May 28Arctic Stream S.A. (BVB : AST) signed a share purchase agreement to acquire 50.20% stake in IT Prepared SRL from Bittnet Systems SA (BVB:BNET) for RON 6.12 million.Arctic Stream S.A. (BVB : AST) signed a share purchase agreement to acquire 50.20% stake in IT Prepared SRL from Bittnet Systems SA (BVB:BNET) for RON 6.12 million on May 27, 2025. IT Prepared SRL will be rebranded as Optimizor. The transaction price of RON 6.12 million will be paid within 5 business days from the signing of the share purchase agreement. The expected completion of the transaction is within 5 working days from the signing of the share sale-purchase agreement.분석 기사 • Mar 08Statutory Profit Doesn't Reflect How Good Bittnet Systems' (BVB:BNET) Earnings AreThe subdued stock price reaction suggests that Bittnet Systems SA's ( BVB:BNET ) strong earnings didn't offer any...Reported Earnings • Mar 04Full year 2024 earnings released: EPS: RON0.01 (vs RON0.008 loss in FY 2023)Full year 2024 results: EPS: RON0.01 (up from RON0.008 loss in FY 2023). Revenue: RON418.9m (up 12% from FY 2023). Net income: RON6.51m (up RON11.1m from FY 2023). Profit margin: 1.6% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.분석 기사 • Jan 10Bittnet Systems SA's (BVB:BNET) Subdued P/S Might Signal An OpportunityBittnet Systems SA's ( BVB:BNET ) price-to-sales (or "P/S") ratio of 0.3x may look like a pretty appealing investment...Reported Earnings • Nov 18Third quarter 2024 earnings released: RON0.002 loss per share (vs RON0.002 profit in 3Q 2023)Third quarter 2024 results: RON0.002 loss per share (down from RON0.002 profit in 3Q 2023). Revenue: RON131.9m (flat on 3Q 2023). Net loss: RON1.34m (down 230% from profit in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance.Reported Earnings • Sep 03Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: RON132.1m (up 43% from 2Q 2023). Net income: RON3.49m (up RON7.21m from 2Q 2023). Profit margin: 2.6% (up from net loss in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance.Reported Earnings • May 16First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: RON44.1m (down 18% from 1Q 2023). Net loss: RON9.15m (loss widened 222% from 1Q 2023).Reported Earnings • Feb 26Full year 2023 earnings released: RON0.008 loss per share (vs RON0.01 loss in FY 2022)Full year 2023 results: RON0.008 loss per share (improved from RON0.01 loss in FY 2022). Revenue: RON383.2m (up 99% from FY 2022). Net loss: RON4.78m (loss narrowed 11% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance.Buy Or Sell Opportunity • Feb 25Now 22% overvaluedThe stock has been flat over the last 90 days, currently trading at RON0.27. The fair value is estimated to be RON0.22, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 47% over the last 3 years. Meanwhile, the company became loss making.Reported Earnings • Nov 13Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: RON132.0m (up 222% from 3Q 2022). Net income: RON1.03m (up RON4.13m from 3Q 2022). Profit margin: 0.8% (up from net loss in 3Q 2022).New Risk • Sep 11New major risk - Revenue and earnings growthEarnings have declined by 12% 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 Risk Earnings have declined by 12% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (RON159.2m market cap, or US$34.3m).Price Target Changed • Dec 21Price target decreased to RON0.30Down from RON0.35, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of RON0.29. Stock is down 6.3% over the past year. The company posted earnings per share of RON0.026 last year.공지 • Dec 14Bittnet Systems SA (BVB:BNET) and Dendrio Solutions S.R.L. entered into an agreement to acquire 70% stake in Dataware Consulting Srl for RON 18.6 millionBittnet Systems SA (BVB:BNET) and Dendrio Solutions S.R.L. entered into an agreement to acquire 70% stake in Dataware Consulting Srl for RON 18.6 million on December 12, 2022. Dendrio Solutions will pay RON 13.6 million in cash and Bittnet Systems will issue shares of RON 5 million as consideration. The remaining 30% of Dataware will remain the property of the company's founders. The transaction is subject to approval by the Competition Council. In 2021 Dataware Consulting recorded total revenues of RON 28 million and a gross profit of RON 3.5 million. The transaction is expected to close in the first half of 2023.Price Target Changed • Nov 16Price target increased to RON0.35Up from RON0.32, the current price target is provided by 1 analyst. New target price is 20% above last closing price of RON0.29. Stock is down 3.9% over the past year. The company posted earnings per share of RON0.026 last year.Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). VP of Education & Member of Advisory Board Dan Berteanu was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Price Target Changed • Aug 09Price target increased to RON0.35Up from RON0.32, the current price target is provided by 1 analyst. New target price is 22% above last closing price of RON0.29. Stock is down 18% over the past year. The company posted earnings per share of RON0.026 last year.분석 기사 • Jul 22Bittnet Systems (BVB:BNET) Is Reinvesting At Lower Rates Of ReturnWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...공지 • Jun 15Agista Management agreed to acquire 12% stake in Dendrio Solutions S.R.L. from Bittnet Systems SA (BVB : BNET) for RON 7.5 million.Agista Management agreed to acquire 12% stake in Dendrio Solutions S.R.L. from Bittnet Systems SA (BVB : BNET) for RON 7.5 million on June 14, 2022. In 2021, Dendrio made an operating profit of RON 5.41 million on a turnover of RON 87 million.Price Target Changed • Apr 27Price target decreased to RON0.36Down from RON0.79, the current price target is provided by 1 analyst. New target price is 13% above last closing price of RON0.32. Stock is down 26% over the past year. The company posted earnings per share of RON0.029 last year.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Member of Advisory Board Dan Berteanu was the last director to join the board, commencing their role in 2015. 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 • Mar 07Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 9.3%. The fair value is estimated to be RON0.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% per annum over the last 3 years. Earnings per share has grown by 42% per annum over the last 3 years.분석 기사 • Jan 05Here's Why Bittnet Systems (BVB:BNET) Can Manage Its Debt ResponsiblyThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...공지 • Dec 15Bittnet Systems SA (BVB:BNET) signed an agreement to acquire a 74% stake in Global Resolution Experts (GRX).Bittnet Systems SA (BVB:BNET) signed an agreement to acquire a 74% stake in Global Resolution Experts (GRX) on December 14, 2021. The transaction price will be established after auditing the financial results for 2021 and will be paid in two instalments. The first tranche, RON 5.15 million, will be unblocked and paid to the founding shareholders of GRX after fulfilling some suspensive conditions such as the transformation of GRX into a joint-stock company, the adoption of the new articles of association of the company, the appointment of new directors - estimated December 2021.분석 기사 • Nov 18There Are Some Reasons To Suggest That Bittnet Systems' (BVB:BNET) Earnings A Poor Reflection Of ProfitabilityShareholders didn't seem to be thrilled with Bittnet Systems SA's ( BVB:BNET ) recent earnings report, despite healthy...Reported Earnings • Nov 18Third quarter 2021 earnings releasedThe company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: RON33.8m (up 64% from 3Q 2020). Net income: RON7.95m (up RON10.4m from 3Q 2020). Profit margin: 24% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue.Price Target Changed • Sep 01Price target increased to RON0.79Up from RON0.46, the current price target is provided by 1 analyst. New target price is 114% above last closing price of RON0.37. Stock is down 9.6% over the past year.공지 • Jun 30Bittnet Systems SA (BVB:BNET) acquired 20% stake in DataScript s.r.o. for €0.28 million ($0.33 million).Bittnet Systems SA (BVB:BNET) acquired 20% stake in DataScript s.r.o. for €0.28 million ($0.33 million) on June 28, 2021. Bittnet Systems SA (BVB:BNET) completed the acquisition of 20% stake in DataScript s.r.o. on June 28, 2021.분석 기사 • Jun 08Capital Allocation Trends At Bittnet Systems (BVB:BNET) Aren't IdealIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'll...분석 기사 • May 13Is Bittnet Systems (BVB:BNET) A Risky Investment?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...분석 기사 • Feb 11Should You Be Worried About Bittnet Systems SA's (BVB:BNET) 10% Return On Equity?While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...분석 기사 • Dec 20Bittnet Systems (BVB:BNET) Seems To Use Debt Quite SensiblyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Is New 90 Day High Low • Nov 02New 90-day high: RON0.73The company is up 7.0% from its price of RON0.68 on 04 August 2020. The Romanian market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 9.0% over the same period.공지 • Oct 15Bittnet Systems SA (BVB:BNET) agreed to acquire a 25% stake in Softbinator Technologies SA for an enterprise value of $2 million.Bittnet Systems SA (BVB:BNET) agreed to acquire a 25% stake in Softbinator Technologies SA for an enterprise value of $2 million on October 13, 2020. Under the terms of the transaction, Bittnet will pay the consideration in a mix of cash and Bittnet shares. Softbinator reported revenues of $1.3 billion (RON 5.4 billion) in the first half of 2020. The transaction is subject to the approval of the Extraordinary General Meeting of Shareholders of Bittnet in November 2020.이익 및 매출 성장 예측BVB:BNET - 애널리스트 향후 추정치 및 과거 재무 데이터 (RON Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/2028265N/A-3N/A112/31/2027252N/A-511112/31/2026238N/A-7-1112/31/2025394-66163N/A9/30/2025279-182123N/A6/30/2025339-181516N/A3/31/2025409-61416N/A12/31/2024404-62022N/A9/30/2024380-102525N/A6/30/2024383-81314N/A3/31/2024347-152324N/A12/31/2023359-85961N/A9/30/2023360-41418N/A6/30/2023269-93439N/A3/31/2023213-41318N/A12/31/2022192-51418N/A9/30/2022138-41517N/A6/30/2022131712N/A3/31/2022122913N/A12/31/20211101224N/A9/30/202111412-4-2N/A6/30/20211002810N/A3/31/202110811112N/A12/31/2020109178N/A9/30/202012021414N/A6/30/2020115188N/A3/31/2020103-566N/A12/31/201998-589N/A6/30/201964-1N/A1N/A3/31/2019524N/A-1N/A12/31/2018484N/A3N/A12/31/2017281N/AN/AN/A6/30/2017311N/AN/AN/A3/31/2017231N/AN/AN/A12/31/2016141N/AN/AN/A9/30/2016131N/AN/AN/A6/30/2016111N/AN/AN/A3/31/2016111N/AN/AN/A1/1/2016101N/AN/AN/A6/30/201570N/AN/AN/A더 보기애널리스트 향후 성장 전망수입 대 저축률: BNET 의 예상 수익 증가율이 절약률(6.8%)보다 높은지 판단하기에는 데이터가 부족합니다.수익 vs 시장: BNET 의 수익이 RO 시장보다 빠르게 성장할 것으로 예상되는지 판단하기에는 데이터가 부족합니다.고성장 수익: BNET 의 수익이 향후 3년 동안 상당히 증가할 것으로 예상되는지 판단하기에는 데이터가 부족합니다.수익 대 시장: BNET 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -7.5%).고성장 매출: BNET 의 수익은 향후 3년 동안 감소할 것으로 예상됩니다(연간 -7.5%).주당순이익 성장 예측향후 자기자본이익률미래 ROE: BNET의 자본 수익률은 3년 후 3.7%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YSoftware 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/06 12:56종가2026/05/06 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 소스Bittnet Systems SA는 1명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Ionut GavrisIpopema Securities S.A.
Price Target Changed • Dec 04Price target decreased by 41% to RON0.11Down from RON0.19, the current price target is provided by 1 analyst. New target price is 6.8% below last closing price of RON0.12. Stock is down 26% over the past year. The company posted a net loss per share of RON0.0097 last year.
Price Target Changed • Dec 21Price target decreased to RON0.30Down from RON0.35, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of RON0.29. Stock is down 6.3% over the past year. The company posted earnings per share of RON0.026 last year.
Price Target Changed • Nov 16Price target increased to RON0.35Up from RON0.32, the current price target is provided by 1 analyst. New target price is 20% above last closing price of RON0.29. Stock is down 3.9% over the past year. The company posted earnings per share of RON0.026 last year.
Price Target Changed • Aug 09Price target increased to RON0.35Up from RON0.32, the current price target is provided by 1 analyst. New target price is 22% above last closing price of RON0.29. Stock is down 18% over the past year. The company posted earnings per share of RON0.026 last year.
Price Target Changed • Apr 27Price target decreased to RON0.36Down from RON0.79, the current price target is provided by 1 analyst. New target price is 13% above last closing price of RON0.32. Stock is down 26% over the past year. The company posted earnings per share of RON0.029 last year.
Price Target Changed • Sep 01Price target increased to RON0.79Up from RON0.46, the current price target is provided by 1 analyst. New target price is 114% above last closing price of RON0.37. Stock is down 9.6% over the past year.
Reported Earnings • Mar 02Full year 2025 earnings released: RON0.01 loss per share (vs RON0.01 loss in FY 2024)Full year 2025 results: RON0.01 loss per share (in line with FY 2024). Revenue: RON394.3m (down 2.4% from FY 2024). Net loss: RON6.12m (flat on FY 2024). Revenue is expected to decline by 7.5% p.a. on average during the next 3 years, while revenues in the IT industry in Europe are expected to grow by 4.3%. Over the last 3 years on average, earnings per share has fallen by 24% per year whereas the company’s share price has fallen by 28% per year.
Board Change • Dec 15Less than half of directors are independentNo 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.
Price Target Changed • Dec 04Price target decreased by 41% to RON0.11Down from RON0.19, the current price target is provided by 1 analyst. New target price is 6.8% below last closing price of RON0.12. Stock is down 26% over the past year. The company posted a net loss per share of RON0.0097 last year.
Reported Earnings • Nov 30Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: RON69.8m (down 47% from 3Q 2024). Net loss: RON871.1k (loss narrowed 35% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.
분석 기사 • Oct 03Even With A 43% Surge, Cautious Investors Are Not Rewarding Bittnet Systems SA's (BVB:BNET) Performance CompletelyBittnet Systems SA ( BVB:BNET ) shares have had a really impressive month, gaining 43% after a shaky period beforehand...
New Risk • Oct 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 Romanian stocks, typically moving 7.8% 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 Earnings have declined by 56% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Market cap is less than US$100m (RON92.6m market cap, or US$21.3m).
Reported Earnings • Sep 01Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: RON57.5m (down 56% from 2Q 2024). Net loss: RON8.16m (down 334% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings.
분석 기사 • Jul 26We Think Bittnet Systems (BVB:BNET) Can Stay On Top Of Its DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
Buy Or Sell Opportunity • Jun 05Now 28% overvaluedOver the last 90 days, the stock has fallen 4.1% to RON0.17. The fair value is estimated to be RON0.13, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 39% over the last 3 years. Meanwhile, the company became loss making.
Reported Earnings • Jun 02First quarter 2025 earnings releasedFirst quarter 2025 results: Revenue: RON46.4m (up 5.2% from 1Q 2024). Net loss: RON9.44m (loss widened 3.1% from 1Q 2024).
공지 • May 28Arctic Stream S.A. (BVB : AST) signed a share purchase agreement to acquire 50.20% stake in IT Prepared SRL from Bittnet Systems SA (BVB:BNET) for RON 6.12 million.Arctic Stream S.A. (BVB : AST) signed a share purchase agreement to acquire 50.20% stake in IT Prepared SRL from Bittnet Systems SA (BVB:BNET) for RON 6.12 million on May 27, 2025. IT Prepared SRL will be rebranded as Optimizor. The transaction price of RON 6.12 million will be paid within 5 business days from the signing of the share purchase agreement. The expected completion of the transaction is within 5 working days from the signing of the share sale-purchase agreement.
분석 기사 • Mar 08Statutory Profit Doesn't Reflect How Good Bittnet Systems' (BVB:BNET) Earnings AreThe subdued stock price reaction suggests that Bittnet Systems SA's ( BVB:BNET ) strong earnings didn't offer any...
Reported Earnings • Mar 04Full year 2024 earnings released: EPS: RON0.01 (vs RON0.008 loss in FY 2023)Full year 2024 results: EPS: RON0.01 (up from RON0.008 loss in FY 2023). Revenue: RON418.9m (up 12% from FY 2023). Net income: RON6.51m (up RON11.1m from FY 2023). Profit margin: 1.6% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.
분석 기사 • Jan 10Bittnet Systems SA's (BVB:BNET) Subdued P/S Might Signal An OpportunityBittnet Systems SA's ( BVB:BNET ) price-to-sales (or "P/S") ratio of 0.3x may look like a pretty appealing investment...
Reported Earnings • Nov 18Third quarter 2024 earnings released: RON0.002 loss per share (vs RON0.002 profit in 3Q 2023)Third quarter 2024 results: RON0.002 loss per share (down from RON0.002 profit in 3Q 2023). Revenue: RON131.9m (flat on 3Q 2023). Net loss: RON1.34m (down 230% from profit in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance.
Reported Earnings • Sep 03Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: RON132.1m (up 43% from 2Q 2023). Net income: RON3.49m (up RON7.21m from 2Q 2023). Profit margin: 2.6% (up from net loss in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 16First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: RON44.1m (down 18% from 1Q 2023). Net loss: RON9.15m (loss widened 222% from 1Q 2023).
Reported Earnings • Feb 26Full year 2023 earnings released: RON0.008 loss per share (vs RON0.01 loss in FY 2022)Full year 2023 results: RON0.008 loss per share (improved from RON0.01 loss in FY 2022). Revenue: RON383.2m (up 99% from FY 2022). Net loss: RON4.78m (loss narrowed 11% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance.
Buy Or Sell Opportunity • Feb 25Now 22% overvaluedThe stock has been flat over the last 90 days, currently trading at RON0.27. The fair value is estimated to be RON0.22, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 47% over the last 3 years. Meanwhile, the company became loss making.
Reported Earnings • Nov 13Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: RON132.0m (up 222% from 3Q 2022). Net income: RON1.03m (up RON4.13m from 3Q 2022). Profit margin: 0.8% (up from net loss in 3Q 2022).
New Risk • Sep 11New major risk - Revenue and earnings growthEarnings have declined by 12% 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 Risk Earnings have declined by 12% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (RON159.2m market cap, or US$34.3m).
Price Target Changed • Dec 21Price target decreased to RON0.30Down from RON0.35, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of RON0.29. Stock is down 6.3% over the past year. The company posted earnings per share of RON0.026 last year.
공지 • Dec 14Bittnet Systems SA (BVB:BNET) and Dendrio Solutions S.R.L. entered into an agreement to acquire 70% stake in Dataware Consulting Srl for RON 18.6 millionBittnet Systems SA (BVB:BNET) and Dendrio Solutions S.R.L. entered into an agreement to acquire 70% stake in Dataware Consulting Srl for RON 18.6 million on December 12, 2022. Dendrio Solutions will pay RON 13.6 million in cash and Bittnet Systems will issue shares of RON 5 million as consideration. The remaining 30% of Dataware will remain the property of the company's founders. The transaction is subject to approval by the Competition Council. In 2021 Dataware Consulting recorded total revenues of RON 28 million and a gross profit of RON 3.5 million. The transaction is expected to close in the first half of 2023.
Price Target Changed • Nov 16Price target increased to RON0.35Up from RON0.32, the current price target is provided by 1 analyst. New target price is 20% above last closing price of RON0.29. Stock is down 3.9% over the past year. The company posted earnings per share of RON0.026 last year.
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). VP of Education & Member of Advisory Board Dan Berteanu was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Price Target Changed • Aug 09Price target increased to RON0.35Up from RON0.32, the current price target is provided by 1 analyst. New target price is 22% above last closing price of RON0.29. Stock is down 18% over the past year. The company posted earnings per share of RON0.026 last year.
분석 기사 • Jul 22Bittnet Systems (BVB:BNET) Is Reinvesting At Lower Rates Of ReturnWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...
공지 • Jun 15Agista Management agreed to acquire 12% stake in Dendrio Solutions S.R.L. from Bittnet Systems SA (BVB : BNET) for RON 7.5 million.Agista Management agreed to acquire 12% stake in Dendrio Solutions S.R.L. from Bittnet Systems SA (BVB : BNET) for RON 7.5 million on June 14, 2022. In 2021, Dendrio made an operating profit of RON 5.41 million on a turnover of RON 87 million.
Price Target Changed • Apr 27Price target decreased to RON0.36Down from RON0.79, the current price target is provided by 1 analyst. New target price is 13% above last closing price of RON0.32. Stock is down 26% over the past year. The company posted earnings per share of RON0.029 last year.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Member of Advisory Board Dan Berteanu was the last director to join the board, commencing their role in 2015. 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 • Mar 07Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 9.3%. The fair value is estimated to be RON0.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% per annum over the last 3 years. Earnings per share has grown by 42% per annum over the last 3 years.
분석 기사 • Jan 05Here's Why Bittnet Systems (BVB:BNET) Can Manage Its Debt ResponsiblyThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
공지 • Dec 15Bittnet Systems SA (BVB:BNET) signed an agreement to acquire a 74% stake in Global Resolution Experts (GRX).Bittnet Systems SA (BVB:BNET) signed an agreement to acquire a 74% stake in Global Resolution Experts (GRX) on December 14, 2021. The transaction price will be established after auditing the financial results for 2021 and will be paid in two instalments. The first tranche, RON 5.15 million, will be unblocked and paid to the founding shareholders of GRX after fulfilling some suspensive conditions such as the transformation of GRX into a joint-stock company, the adoption of the new articles of association of the company, the appointment of new directors - estimated December 2021.
분석 기사 • Nov 18There Are Some Reasons To Suggest That Bittnet Systems' (BVB:BNET) Earnings A Poor Reflection Of ProfitabilityShareholders didn't seem to be thrilled with Bittnet Systems SA's ( BVB:BNET ) recent earnings report, despite healthy...
Reported Earnings • Nov 18Third quarter 2021 earnings releasedThe company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: RON33.8m (up 64% from 3Q 2020). Net income: RON7.95m (up RON10.4m from 3Q 2020). Profit margin: 24% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue.
Price Target Changed • Sep 01Price target increased to RON0.79Up from RON0.46, the current price target is provided by 1 analyst. New target price is 114% above last closing price of RON0.37. Stock is down 9.6% over the past year.
공지 • Jun 30Bittnet Systems SA (BVB:BNET) acquired 20% stake in DataScript s.r.o. for €0.28 million ($0.33 million).Bittnet Systems SA (BVB:BNET) acquired 20% stake in DataScript s.r.o. for €0.28 million ($0.33 million) on June 28, 2021. Bittnet Systems SA (BVB:BNET) completed the acquisition of 20% stake in DataScript s.r.o. on June 28, 2021.
분석 기사 • Jun 08Capital Allocation Trends At Bittnet Systems (BVB:BNET) Aren't IdealIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'll...
분석 기사 • May 13Is Bittnet Systems (BVB:BNET) A Risky Investment?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
분석 기사 • Feb 11Should You Be Worried About Bittnet Systems SA's (BVB:BNET) 10% Return On Equity?While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
분석 기사 • Dec 20Bittnet Systems (BVB:BNET) Seems To Use Debt Quite SensiblyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Is New 90 Day High Low • Nov 02New 90-day high: RON0.73The company is up 7.0% from its price of RON0.68 on 04 August 2020. The Romanian market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 9.0% over the same period.
공지 • Oct 15Bittnet Systems SA (BVB:BNET) agreed to acquire a 25% stake in Softbinator Technologies SA for an enterprise value of $2 million.Bittnet Systems SA (BVB:BNET) agreed to acquire a 25% stake in Softbinator Technologies SA for an enterprise value of $2 million on October 13, 2020. Under the terms of the transaction, Bittnet will pay the consideration in a mix of cash and Bittnet shares. Softbinator reported revenues of $1.3 billion (RON 5.4 billion) in the first half of 2020. The transaction is subject to the approval of the Extraordinary General Meeting of Shareholders of Bittnet in November 2020.