New Risk • 14h
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 19% 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 (19% operating cash flow to total debt). Earnings have declined by 8.1% per year over the past 5 years. High level of non-cash earnings (20% accrual ratio). Shareholders have been substantially diluted in the past year (235% increase in shares outstanding). Minor Risks Profit margins are more than 30% lower than last year (4.7% net profit margin). Market cap is less than US$100m (RON269.5m market cap, or US$59.8m). Aankondiging • Apr 28
S.C. Prebet Aiud S.A., Annual General Meeting, May 28, 2026 S.C. Prebet Aiud S.A., Annual General Meeting, May 28, 2026, at 12:30 E. Europe Standard Time. Location: company registered office in aiud, 10 arenei street, alba county, Romania New Risk • Mar 12
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.0% Last year net profit margin: 7.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 7.9% per year over the past 5 years. Shareholders have been substantially diluted in the past year (235% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Profit margins are more than 30% lower than last year (5.0% net profit margin). Market cap is less than US$100m (RON273.0m market cap, or US$61.9m). New Risk • Jan 08
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 Romanian stocks, typically moving 6.8% 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 Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Earnings have declined by 8.9% per year over the past 5 years. High level of non-cash earnings (20% accrual ratio). Shareholders have been substantially diluted in the past year (235% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (RON275.8m market cap, or US$63.3m). New Risk • Dec 02
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 235% 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 Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Earnings have declined by 8.9% per year over the past 5 years. High level of non-cash earnings (20% accrual ratio). Shareholders have been substantially diluted in the past year (235% increase in shares outstanding). Minor Risk Market cap is less than US$100m (RON275.8m market cap, or US$62.9m). Reported Earnings • Nov 20
Third quarter 2025 earnings released: EPS: RON0.003 (vs RON0.022 loss in 3Q 2024) Third quarter 2025 results: EPS: RON0.003 (up from RON0.022 loss in 3Q 2024). Revenue: RON19.5m (up 8.3% from 3Q 2024). Net income: RON127.7k (up RON1.05m from 3Q 2024). Profit margin: 0.7% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year and the company’s share price has also increased by 2% per year. Reported Earnings • Sep 05
Second quarter 2025 earnings released Second quarter 2025 results: EPS: RON0.029. Revenue: RON18.9m (up 9.5% from 2Q 2024). Net income: RON1.20m (down 61% from 2Q 2024). Profit margin: 6.3% (down from 18% in 2Q 2024). The decrease in margin was driven by higher expenses. New Risk • Jun 02
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 108% 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 7.9% per year over the past 5 years. Minor Risks High level of debt (108% net debt to equity). Market cap is less than US$100m (RON85.7m market cap, or US$19.3m). Reported Earnings • May 20
First quarter 2025 earnings released First quarter 2025 results: Revenue: RON16.3m (up 163% from 1Q 2024). Net income: RON83.4k (up RON1.16m from 1Q 2024). Profit margin: 0.5% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Reported Earnings • Mar 06
Full year 2024 earnings released: EPS: RON0.13 (vs RON0.14 in FY 2023) Full year 2024 results: EPS: RON0.13 (down from RON0.14 in FY 2023). Revenue: RON62.4m (up 5.1% from FY 2023). Net income: RON5.26m (down 18% from FY 2023). Profit margin: 8.4% (down from 11% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year and the company’s share price has also increased by 12% per year. New Risk • Nov 25
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 3.0x 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 (3.0x net interest cover). Earnings have declined by 6.4% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.6% net profit margin). Market cap is less than US$100m (RON87.0m market cap, or US$18.2m). New Risk • Nov 20
New major risk - Revenue and earnings growth Earnings have declined by 6.4% 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 6.4% per year over the past 5 years. Minor Risks High level of debt (73% net debt to equity). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.6% net profit margin). Market cap is less than US$100m (RON87.0m market cap, or US$18.4m). New Risk • Nov 07
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 Romanian stocks, typically moving 5.1% 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: Major Risk High level of non-cash earnings (91% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (5.1% average weekly change). Profit margins are more than 30% lower than last year (7.4% net profit margin). Market cap is less than US$100m (RON87.8m market cap, or US$19.1m). Valuation Update With 7 Day Price Move • Sep 06
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to RON2.36, the stock trades at a trailing P/E ratio of 21.5x. Average trailing P/E is 12x in the Basic Materials industry in Europe. Total returns to shareholders of 80% over the past three years. Reported Earnings • Sep 02
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: RON17.3m (up 44% from 2Q 2023). Net income: RON3.40m (up 26% from 2Q 2023). Profit margin: 20% (down from 23% in 2Q 2023). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Jun 21
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to RON3.74, the stock trades at a trailing P/E ratio of 39.5x. Average trailing P/E is 20x in the Basic Materials industry in Romania. Total returns to shareholders of 152% over the past three years. Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to RON5.10, the stock trades at a trailing P/E ratio of 53.9x. Average trailing P/E is 24x in the Basic Materials industry in Romania. Total returns to shareholders of 240% over the past three years. New Risk • May 30
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. 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 (currently running at an operating cash loss). High level of non-cash earnings (38% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.5% average weekly change). Profit margins are more than 30% lower than last year (7.6% net profit margin). Market cap is less than US$100m (RON195.9m market cap, or US$42.6m). Reported Earnings • May 19
First quarter 2024 earnings released First quarter 2024 results: Revenue: RON6.27m (down 32% from 1Q 2023). Net loss: RON1.07m (down 207% from profit in 1Q 2023). Valuation Update With 7 Day Price Move • May 02
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to RON3.88, the stock trades at a trailing P/E ratio of 25.8x. Average trailing P/E is 10x in the Basic Materials industry in Romania. Total returns to shareholders of 151% over the past three years. Aankondiging • Mar 19
S.C. Prebet Aiud S.A., Annual General Meeting, Apr 29, 2024 S.C. Prebet Aiud S.A., Annual General Meeting, Apr 29, 2024, at 12:00 E. Europe Standard Time. Location: registered office of the Company in 10 Arenei St, Aiud, Alba County Aiud Romania Agenda: To consider approval of the individual annual financial statements of Prebet Aiud S.A. for the financial year 2023, prepared in accordance with the International Financial Reporting Standards (IFRS), based on the Report of the Directors of the company and the Report of the Independent Financial Auditor; to consider approval of the distribution of the net profit of the Company made in 2023; to consider approval of the discharge of the administrators for the financial year 2023; to consider approval of the Revenue and Expenditure Budget for 2024; and to consider other matters. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to RON3.04, the stock trades at a trailing P/E ratio of 20.2x. Average trailing P/E is 11x in the Basic Materials industry in Europe. Total returns to shareholders of 118% over the past three years. Reported Earnings • Mar 03
Full year 2023 earnings released Full year 2023 results: Revenue: RON60.0m (up 34% from FY 2022). Net income: RON6.84m (up 55% from FY 2022). Profit margin: 11% (up from 9.9% in FY 2022). The increase in margin was driven by higher revenue. Buy Or Sell Opportunity • Mar 01
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.2% to RON2.30. The fair value is estimated to be RON2.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Buying Opportunity • Dec 28
Now 20% undervalued Over the last 90 days, the stock is up 7.8%. The fair value is estimated to be RON2.75, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Buying Opportunity • Dec 11
Now 21% undervalued Over the last 90 days, the stock is up 4.8%. The fair value is estimated to be RON2.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Reported Earnings • Nov 17
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: RON19.0m (up 53% from 3Q 2022). Net income: RON2.62m (down 21% from 3Q 2022). Profit margin: 14% (down from 27% in 3Q 2022). The decrease in margin was driven by higher expenses. Aankondiging • Sep 27
S.C. Prebet Aiud S.A., Annual General Meeting, Oct 11, 2023 S.C. Prebet Aiud S.A., Annual General Meeting, Oct 11, 2023, at 12:00 E. Europe Standard Time. Agenda: To consider approval of the Remuneration Policy regarding the management of the company; to consider approval of the date of 03.11.2023, as the date of registration, respectively of identification of the shareholders on whom the effects of the adopted decisions are reflected, in accordance with the provisions of art. 87 para.(1) of Law no. 24/2017 regarding the issuers of financial instruments and operations on the market; to consider approval of the date of 02.11.2023 as ex-date in accordance with the provisions of Law no. 24/2017 and of Regulation no. 5/2018 on the issuance of financial instruments and market operations; and to consider other issues. Reported Earnings • Sep 03
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: RON12.2m (up 118% from 2Q 2022). Net income: RON2.71m (up RON4.26m from 2Q 2022). Profit margin: 22% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 34% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 18
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to RON2.20, the stock trades at a trailing P/E ratio of 22.6x. Average trailing P/E is 10x in the Basic Materials industry in Europe. Total returns to shareholders of 212% over the past three years. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to RON2.08, the stock trades at a trailing P/E ratio of 22.9x. Average trailing P/E is 10x in the Basic Materials industry in Europe. Total returns to shareholders of 183% over the past three years. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Non-Executive Director Iosivas Mircea was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Aug 23
S.C. Prebet Aiud S.A., Annual General Meeting, Oct 03, 2022 S.C. Prebet Aiud S.A., Annual General Meeting, Oct 03, 2022, at 12:00 E. Europe Standard Time. Location: Str. Arena, No. 10 Jud White Aiud Romania Agenda: To consider Ratification of the decision to terminate the contract concluded with the financial auditor MGM Audit & BPO; to consider Election of the financial auditor; to consider approval of the minimum duration of 1 (one) year of the financial audit contract; to consider election of a member of the Board of Directors for a mandate starting with the date of the Ordinary General Meeting of Shareholders and ending on 27.04.2025; to consider approval of the date of 26.10.2022, as the date of registration, respectively identification of the shareholders on whom the effects of the adopted decisions are reflected, in accordance with the provisions of art. 87 para. (1) from Law no. 24/2017 regarding issuers of financial instruments and operations on the market; and to consider any other matters. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improved over the past week After last week's 17% share price gain to RON1.83, the stock trades at a trailing P/E ratio of 27.8x. Average trailing P/E is 10x in the Basic Materials industry in Europe. Total returns to shareholders of 395% over the past three years. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Non-executive Director Mitrus Marius was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 04
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Revenue: RON37.2m (down 10% from FY 2020). Net income: RON4.13m (down 52% from FY 2020). Profit margin: 11% (down from 21% in FY 2020). The decrease in margin was primarily driven by lower revenue. Revenue was in line with analyst estimates. Reported Earnings • Nov 18
Third quarter 2021 earnings released The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: RON9.26m (down 36% from 3Q 2020). Net income: RON1.45m (down 55% from 3Q 2020). Profit margin: 16% (down from 23% in 3Q 2020). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improved over the past week After last week's 20% share price gain to RON1.54, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 15x in the Basic Materials industry in Europe. Total returns to shareholders of 527% over the past three years. Reported Earnings • Aug 21
Second quarter 2021 earnings released The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: RON8.28m (up 2.6% from 2Q 2020). Net income: RON946.6k (down 52% from 2Q 2020). Profit margin: 11% (down from 24% in 2Q 2020). The decrease in margin was driven by higher expenses. Upcoming Dividend • May 17
Upcoming dividend of RON0.044 per share Eligible shareholders must have bought the stock before 24 May 2021. Payment date: 16 June 2021. Trailing yield: 2.8%. Lower than top quartile of Romanian dividend payers (5.5%). In line with average of industry peers (2.7%). Aankondiging • May 08
S.C. Prebet Aiud S.A. (BVB:PREB) acquired a 5% stake in ROCA Investments for €2.1 million. S.C. Prebet Aiud S.A. (BVB:PREB) acquired a 5% stake in ROCA Investments for €2.1 million on May 6, 2021.
S.C. Prebet Aiud S.A. (BVB:PREB) completed the acquisition of a 5% stake in ROCA Investments on May 6, 2021. Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment improved over the past week After last week's 23% share price gain to RON1.48, the stock is trading at a trailing P/E ratio of 10.2x, up from the previous P/E ratio of 8.3x. This compares to an average P/E of 16x in the Basic Materials industry in Europe. Total returns to shareholders over the past three years are 414%. Is New 90 Day High Low • Jan 12
New 90-day high: RON1.30 The company is up 40% from its price of RON0.93 on 14 October 2020. The Romanian market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 18% over the same period. Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment improved over the past week After last week's 17% share price gain to RON1.25, the stock is trading at a trailing P/E ratio of 8.7x, up from the previous P/E ratio of 7.4x. This compares to an average P/E of 15x in the Basic Materials industry in Europe. Total returns to shareholders over the past three years are 339%. Is New 90 Day High Low • Dec 23
New 90-day high: RON1.13 The company is up 26% from its price of RON0.90 on 24 September 2020. The Romanian market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 16% over the same period. Is New 90 Day High Low • Dec 08
New 90-day high: RON1.02 The company is up 19% from its price of RON0.86 on 09 September 2020. The Romanian market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 11% over the same period. Is New 90 Day High Low • Nov 09
New 90-day high: RON0.97 The company is up 19% from its price of RON0.81 on 10 August 2020. The Romanian market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is down 1.0% over the same period. Is New 90 Day High Low • Sep 30
New 90-day high: RON0.94 The company is up 12% from its price of RON0.84 on 01 July 2020. The Romanian market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Basic Materials industry, which is up 3.0% over the same period.