Major Estimate Revision • Jun 16
Consensus revenue estimates decrease by 18%, EPS upgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from €45.9m to €37.5m. EPS estimate increased from -€0.54 to -€0.24 per share. Consumer Retailing industry in France expected to see average net income growth of 23% next year. Consensus price target of €3.00 unchanged from last update. Share price rose 3.1% to €2.36 over the past week. Aankondiging • Feb 19
écomiam SA, Annual General Meeting, Mar 25, 2026 écomiam SA, Annual General Meeting, Mar 25, 2026. Location: 161 route de brest, quimper France New Risk • Dec 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of French stocks, typically moving 6.7% 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 Less than 1 year of cash runway based on current free cash flow (-€4.1m). Currently unprofitable and not forecast to become profitable over next 2 years (€402k net loss in 2 years). Share price has been volatile over the past 3 months (6.7% average weekly change). Market cap is less than US$100m (€9.56m market cap, or US$11.2m). New Risk • Sep 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of French stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-€4.1m). Currently unprofitable and not forecast to become profitable over next 2 years (€402k net loss in 2 years). Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (€12.9m market cap, or US$15.3m). Breakeven Date Change • Aug 12
Forecast breakeven date pushed back to 2027 The analyst covering écomiam previously expected the company to break even in 2025. New forecast suggests the company will make a profit of €200.0k in 2027. Average annual earnings growth of 82% is required to achieve expected profit on schedule. New Risk • Aug 10
New major risk - Revenue and earnings growth Earnings have declined by 69% 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 69% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€13.4m market cap, or US$15.6m). New Risk • Apr 25
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 59% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (59% increase in shares outstanding). Minor Risk Market cap is less than US$100m (€15.8m market cap, or US$18.0m). New Risk • Apr 07
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.89m (US$9.71m) 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. This is currently the only risk that has been identified for the company. Aankondiging • Feb 14
écomiam SA, Annual General Meeting, Mar 18, 2025 écomiam SA, Annual General Meeting, Mar 18, 2025. Location: 161 route de brest, quimper France Reported Earnings • Feb 11
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: €0.59 loss per share (improved from €1.57 loss in FY 2023). Revenue: €41.5m (flat on FY 2023). Net loss: €3.19m (loss narrowed 40% from FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.2%. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 4.8% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 41% per year, which means it has not declined as severely as earnings. New Risk • Dec 30
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (€9.09m market cap, or US$9.47m). Minor Risks Latest financial reports are more than 6 months old (reported March 2024 fiscal period end). Share price has been volatile over the past 3 months (7.1% average weekly change). New Risk • Dec 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of French stocks, typically moving 7.3% 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 (€9.22m market cap, or US$9.69m). Minor Risk Share price has been volatile over the past 3 months (7.3% average weekly change). New Risk • Aug 06
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 French stocks, typically moving 10.0% 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 Risk Share price has been highly volatile over the past 3 months (10.0% average weekly change). Minor Risk Market cap is less than US$100m (€9.46m market cap, or US$10.3m). New Risk • Jun 21
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -€1.5m 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 (-€1.5m free cash flow). Earnings have declined by 80% per year over the past 5 years. Market cap is less than US$10m (€9.22m market cap, or US$9.85m). Minor Risk Share price has been volatile over the past 3 months (6.8% average weekly change). Major Estimate Revision • Jun 14
Consensus EPS estimates fall by 84% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €44.1m to €42.0m. Losses expected to increase from €0.32 per share to €0.59. Consumer Retailing industry in France expected to see average net income growth of 23% next year. Consensus price target up from €4.50 to €4.60. Share price fell 12% to €2.74 over the past week. New Risk • Jun 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of French stocks, typically moving 6.7% 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 Less than 1 year of cash runway based on current free cash flow (-€3.5m). Share price has been volatile over the past 3 months (6.7% average weekly change). Market cap is less than US$100m (€9.69m market cap, or US$10.5m). New Risk • May 29
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.82m (US$9.53m) 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 Risk Market cap is less than US$10m (€8.82m market cap, or US$9.53m). Minor Risk Less than 1 year of cash runway based on current free cash flow (-€3.5m). Reported Earnings • Feb 04
Full year 2023 earnings released: €1.57 loss per share (vs €0.62 loss in FY 2022) Full year 2023 results: €1.57 loss per share (further deteriorated from €0.62 loss in FY 2022). Revenue: €42.2m (up 9.1% from FY 2022). Net loss: €5.31m (loss widened 155% from FY 2022). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. New Risk • Dec 31
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 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 Share price has been highly volatile over the past 3 months (18% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). Market cap is less than US$100m (€12.2m market cap, or US$13.5m). New Risk • Dec 05
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 French stocks, typically moving 9.5% 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 (9.5% average weekly change). Market cap is less than US$10m (€6.97m market cap, or US$7.52m). New Risk • Oct 16
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.39m (US$8.85m) 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. This is currently the only risk that has been identified for the company. New Risk • Sep 29
New major risk - Revenue and earnings growth Earnings have declined by 71% 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 71% per year over the past 5 years. Minor Risk Market cap is less than US$100m (€12.2m market cap, or US$12.9m). Price Target Changed • Jul 20
Price target decreased by 9.1% to €9.00 Down from €9.90, the current price target is provided by 1 analyst. New target price is 82% above last closing price of €4.94. Stock is down 24% over the past year. The company posted a net loss per share of €0.62 last year. Major Estimate Revision • Apr 21
Consensus EPS estimates fall by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from €48.3m to €46.1m. Losses expected to increase from €0.36 per share to €0.41. Consumer Retailing industry in France expected to see average net income growth of 11% next year. Consensus price target down from €9.90 to €9.70. Share price was steady at €6.10 over the past week. Price Target Changed • Apr 20
Price target decreased by 8.5% to €9.70 Down from €10.60, the current price target is provided by 1 analyst. New target price is 55% above last closing price of €6.26. Stock is down 37% over the past year. The company is forecast to post a net loss per share of €0.36 next year compared to a net loss per share of €0.62 last year. Board Change • Nov 16
Less than half of directors are independent Following 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. Founder, Chairman, GM & CEO Daniel Sauvaget was the last director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Price Target Changed • Apr 27
Price target decreased to €16.00 Down from €20.00, the current price target is provided by 1 analyst. New target price is 77% above last closing price of €9.04. Stock is down 46% over the past year. The company is forecast to post earnings per share of €0.0097 for next year compared to €0.35 last year. Board Change • Apr 27
Less than half of directors are independent Following 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. Founder, Chairman, GM & CEO Daniel Sauvaget was the last director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Is New 90 Day High Low • Jan 11
New 90-day high: €19.00 The company is up 62% from its price of €11.70 on 13 October 2020. The French market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Retailing industry, which is up 15% over the same period.