Buy Or Sell Opportunity • Jun 16
Now 27% overvalued Over the last 90 days, the stock has fallen 21% to €2.38. The fair value is estimated to be €1.88, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.1% over the last 3 years. Meanwhile, the company became loss making. New Risk • Jun 04
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 13% 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 Debt is not well covered by operating cash flow (20% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 37% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€37.0m market cap, or US$42.9m). Aankondiging • May 21
Jacques Bogart S.A., Annual General Meeting, Jun 25, 2026 Jacques Bogart S.A., Annual General Meeting, Jun 25, 2026. Location: 13 rue pierre leroux, paris France New Risk • May 05
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 20% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (20% operating cash flow to total debt). Earnings have declined by 37% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (€41.9m market cap, or US$49.1m). New Risk • Apr 13
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 17% per year over the past 5 years. Minor Risks High level of debt (115% net debt to equity). Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (9.3% average weekly change). Market cap is less than US$100m (€43.9m market cap, or US$51.4m). New Risk • Mar 31
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.4% 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 17% per year over the past 5 years. Minor Risks High level of debt (115% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.4% average weekly change). Market cap is less than US$100m (€37.2m market cap, or US$43.0m). Aankondiging • Feb 06
Jacques Bogart S.A. to Report Fiscal Year 2025 Results on Apr 28, 2026 Jacques Bogart S.A. announced that they will report fiscal year 2025 results After-Market on Apr 28, 2026 New Risk • Dec 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.0% 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 17% per year over the past 5 years. Minor Risks High level of debt (115% net debt to equity). Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (8.0% average weekly change). Market cap is less than US$100m (€66.8m market cap, or US$77.9m). New Risk • Oct 06
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 15% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Earnings have declined by 16% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€48.4m market cap, or US$56.6m). Upcoming Dividend • Jun 25
Upcoming dividend of €0.16 per share Eligible shareholders must have bought the stock before 02 July 2025. Payment date: 04 July 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (4.4%). Higher than average of industry peers (2.4%). Declared Dividend • May 23
Dividend reduced to €0.16 Dividend of €0.16 is 20% lower than last year. Ex-date: 2nd July 2025 Payment date: 4th July 2025 Dividend yield will be 3.3%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is not covered by earnings (409% earnings payout ratio). However, it is well covered by cash flows (11% cash payout ratio). The dividend has increased by an average of 2.9% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 355% to bring the payout ratio under control. However, EPS has declined by 44% over the last 5 years so the company would need to reverse this trend. Aankondiging • May 22
Jacques Bogart S.A. announces Annual dividend, payable on July 04, 2025 Jacques Bogart S.A. announced Annual dividend of EUR 0.1600 per share payable on July 04, 2025, ex-date on July 02, 2025 and record date on July 03, 2025. Aankondiging • May 21
Jacques Bogart S.A., Annual General Meeting, Jun 26, 2025 Jacques Bogart S.A., Annual General Meeting, Jun 26, 2025. Location: 13 rue pierre leroux, paris France Reported Earnings • May 02
Full year 2024 earnings released: €0.028 loss per share (vs €0.42 profit in FY 2023) Full year 2024 results: €0.028 loss per share (down from €0.42 profit in FY 2023). Revenue: €301.3m (up 2.7% from FY 2023). Net income: €573.0k (down 91% from FY 2023). Profit margin: 0.2% (down from 2.1% in FY 2023). Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. New Risk • Apr 14
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.4x net interest cover). Earnings have declined by 33% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€74.8m market cap, or US$85.0m). New Risk • Sep 29
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.2x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.2x net interest cover). Earnings have declined by 35% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Sep 27
First half 2024 earnings released First half 2024 results: Revenue: €139.9m (up 1.4% from 1H 2023). Net loss: €5.20m (loss narrowed 28% from 1H 2023). Aankondiging • May 22
Jacques Bogart S.A., Annual General Meeting, Jun 27, 2024 Jacques Bogart S.A., Annual General Meeting, Jun 27, 2024. Location: 13 rue pierre leroux, paris France Reported Earnings • Apr 30
Full year 2023 earnings released: EPS: €0.42 (vs €0.71 loss in FY 2022) Full year 2023 results: EPS: €0.42 (up from €0.71 loss in FY 2022). Revenue: €293.4m (flat on FY 2022). Net income: €6.11m (up €16.5m from FY 2022). Profit margin: 2.1% (up from net loss in FY 2022). New Risk • Apr 15
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 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. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 75% per year over the past 5 years. Minor Risks High level of debt (68% net debt to equity). Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Oct 02
First half 2023 earnings released: €0.49 loss per share (vs €0.59 loss in 1H 2022) First half 2023 results: €0.49 loss per share (improved from €0.59 loss in 1H 2022). Revenue: €137.9m (up 4.9% from 1H 2022). Net loss: €7.25m (loss narrowed 17% from 1H 2022). New Risk • Oct 01
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 67% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 75% per year over the past 5 years. Minor Risks High level of debt (67% net debt to equity). Paying a dividend despite being loss-making. Upcoming Dividend • Jun 28
Upcoming dividend of €0.18 per share at 2.4% yield Eligible shareholders must have bought the stock before 05 July 2023. Payment date: 07 July 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.0%). Reported Earnings • May 02
Full year 2022 earnings released Full year 2022 results: Revenue: €291.2m (up 18% from FY 2021). Net loss: €10.4m (down €11.2m from profit in FY 2021). Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. No independent directors (5 non-independent directors). Director Michael Benhamou was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Sep 30
First half 2022 earnings released: EPS: €0 (vs €0.32 loss in 1H 2021) First half 2022 results: EPS: €0. Revenue: €136.9m (up 34% from 1H 2021). Net loss: €8.70m (loss widened 85% from 1H 2021). Reported Earnings • Apr 27
Full year 2021 earnings released: EPS: €0.051 (vs €0.16 in FY 2020) Full year 2021 results: EPS: €0.051 (down from €0.16 in FY 2020). Revenue: €246.6m (up 10.0% from FY 2020). Net income: €754.0k (down 68% from FY 2020). Profit margin: 0.3% (down from 1.0% in FY 2020). Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Director Michael Benhamou was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Aankondiging • Jan 12
Jacques Bogart S.A. (ENXTPA:JBOG) completed the acquisition of FAnn-parfumérie, s.r.o. Jacques Bogart S.A. (ENXTPA:JBOG) signed a contract to acquire Fann-Parfumerie, S.R.O. on October 8, 2021. The transaction has been financed through a bank loan. The transaction, which is subject to approval by anti-trust authorities. As of November 2, 2021, Antimonopoly Office of the Slovak Republic approved the transaction.
Jacques Bogart S.A. (ENXTPA:JBOG) completed the acquisition of FAnn-parfumérie, s.r.o. on January 10, 2022. Board Change • Dec 06
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). Director Michael Benhamou was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. 