Announcement • Apr 23
pferdewetten.de AG, Annual General Meeting, May 29, 2026 pferdewetten.de AG, Annual General Meeting, May 29, 2026, at 10:00 W. Europe Standard Time. Announcement • Apr 21
pferdewetten.de AG to Report Q2, 2026 Results on Aug 14, 2026 pferdewetten.de AG announced that they will report Q2, 2026 results on Aug 14, 2026 Announcement • Apr 02
pferdewetten.de AG to Report Fiscal Year 2025 Results on Apr 17, 2026 pferdewetten.de AG announced that they will report fiscal year 2025 results at 12:00 PM, Central European Standard Time on Apr 17, 2026 Announcement • Jan 16
pferdewetten.de AG to Report Fiscal Year 2025 Results on Jan 30, 2026 pferdewetten.de AG announced that they will report fiscal year 2025 results on Jan 30, 2026 New Risk • Oct 15
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended September 2023. This is considered a major 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. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported September 2023 fiscal period end). Shareholders have been substantially diluted in the past year (52% increase in shares outstanding). 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 (€25.6m market cap, or US$29.7m). New Risk • Oct 13
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 52% 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 (52% increase in shares outstanding). 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 (€25.3m market cap, or US$29.4m). Announcement • Jul 09
pferdewetten.de AG, Annual General Meeting, Aug 15, 2025 pferdewetten.de AG, Annual General Meeting, Aug 15, 2025, at 10:00 W. Europe Standard Time. New Risk • May 26
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (€19.0m market cap, or US$21.6m). New Risk • Nov 13
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 7.5% 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 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 (7.5% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (€25.8m market cap, or US$27.4m). Price Target Changed • Oct 25
Price target decreased by 15% to €15.50 Down from €18.33, the current price target is an average from 2 analysts. New target price is 152% above last closing price of €6.15. Stock is down 47% over the past year. The company is forecast to post a net loss per share of €1.31 next year compared to a net loss per share of €0.32 last year. New Risk • Oct 18
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.6% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (€34.2m market cap, or US$37.0m). Reported Earnings • Aug 26
Third quarter 2023 earnings released: €0.74 loss per share (vs €0.42 loss in 3Q 2022) Third quarter 2023 results: €0.74 loss per share (further deteriorated from €0.42 loss in 3Q 2022). Revenue: €4.89m (up 71% from 3Q 2022). Net loss: €3.59m (loss widened 78% from 3Q 2022). Revenue is forecast to grow 26% p.a. on average during the next 4 years, compared to a 9.6% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance. Price Target Changed • Aug 22
Price target decreased by 11% to €18.33 Down from €20.50, the current price target is an average from 3 analysts. New target price is 141% above last closing price of €7.60. Stock is down 44% over the past year. The company is forecast to post a net loss per share of €1.31 next year compared to a net loss per share of €0.32 last year. New Risk • Mar 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor 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: Minor Risks Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (€63.8m market cap, or US$69.5m). Price Target Changed • Feb 13
Price target increased by 9.9% to €20.50 Up from €18.65, the current price target is an average from 2 analysts. New target price is 75% above last closing price of €11.70. Stock is up 13% over the past year. The company is forecast to post a net loss per share of €1.12 next year compared to a net loss per share of €0.32 last year. Announcement • Jan 27
pferdewetten.de AG has filed a Follow-on Equity Offering in the amount of €7.999992 million. pferdewetten.de AG has filed a Follow-on Equity Offering in the amount of €7.999992 million.
Security Name: Registered Shares
Security Type: Common Stock
Securities Offered: 761,904
Price\Range: €10.5
Transaction Features: Rights Offering Major Estimate Revision • Nov 24
Consensus EPS estimates fall by 120% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from €21.8m to €21.3m. Losses expected to increase from €0.50 per share to €1.10. Hospitality industry in Germany expected to see average net income growth of 18% next year. Consensus price target down from €18.65 to €18.15. Share price was steady at €12.20 over the past week. Major Estimate Revision • Nov 17
Consensus EPS estimates fall by 24% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from €21.8m to €21.5m. Losses expected to increase from €0.50 per share to €0.62. Hospitality industry in Germany expected to see average net income growth of 17% next year. Consensus price target of €18.65 unchanged from last update. Share price rose 8.0% to €12.10 over the past week. Major Estimate Revision • Nov 17
Consensus EPS estimates fall by 24% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from €21.8m to €21.5m. Losses expected to increase from €0.50 per share to €0.62. Hospitality industry in Germany expected to see average net income growth of 17% next year. Consensus price target of €18.65 unchanged from last update. Share price rose 8.0% to €12.10 over the past week. New Risk • Nov 09
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 6.3% 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: Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Market cap is less than US$100m (€55.6m market cap, or US$59.6m). Major Estimate Revision • Sep 13
Consensus EPS estimates fall by 28%, revenue upgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from €20.5m to €21.8m. Forecast EPS reduced from -€0.39 to -€0.50 per share. Hospitality industry in Germany expected to see average net income growth of 15% next year. Consensus price target up from €17.65 to €18.65. Share price fell 2.4% to €12.20 over the past week. Price Target Changed • Sep 12
Price target increased by 9.7% to €18.65 Up from €17.00, the current price target is an average from 2 analysts. New target price is 52% above last closing price of €12.30. Stock is down 9.6% over the past year. The company is forecast to post a net loss per share of €0.39 next year compared to a net loss per share of €0.32 last year. Reported Earnings • Aug 17
Second quarter 2023 earnings released: €0.49 loss per share (vs €0.022 loss in 2Q 2022) Second quarter 2023 results: €0.49 loss per share (further deteriorated from €0.022 loss in 2Q 2022). Revenue: €5.70m (up 32% from 2Q 2022). Net loss: €2.38m (loss widened €2.28m from 2Q 2022). Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 121 percentage points per year, which is a significant difference in performance. Reported Earnings • May 21
First quarter 2023 earnings released First quarter 2023 results: Revenue: €4.95m (up 15% from 1Q 2022). Net loss: €1.05m (loss widened €946.2k from 1Q 2022). Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Hospitality industry in Germany. Major Estimate Revision • May 18
Consensus revenue estimates decrease by 13%, EPS upgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from €22.4m to €19.4m. EPS estimate increased from -€0.445 to -€0.405 per share. Hospitality industry in Germany expected to see average net income growth of 9.6% next year. Consensus price target of €17.00 unchanged from last update. Share price rose 7.1% to €12.00 over the past week. Price Target Changed • Apr 17
Price target decreased by 11% to €17.00 Down from €19.00, the current price target is an average from 2 analysts. New target price is 63% above last closing price of €10.40. Stock is down 33% over the past year. The company is forecast to post a net loss per share of €0.46 next year compared to a net loss per share of €0.32 last year. Major Estimate Revision • Nov 16
Consensus EPS estimates fall by 23% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from €20.1m to €18.6m. Losses expected to increase from €0.19 per share to €0.24. Hospitality industry in Germany expected to see average net income growth of 8.0% next year. Consensus price target down from €19.45 to €19.00. Share price fell 3.7% to €11.70 over the past week. Reported Earnings • Aug 18
First half 2022 earnings released: €0.04 loss per share (vs €0.24 profit in 1H 2021) First half 2022 results: €0.04 loss per share (down from €0.24 profit in 1H 2021). Revenue: €9.02m (up 6.2% from 1H 2021). Net loss: €211.2k (down 120% from profit in 1H 2021). Over the next year, revenue is forecast to grow 105%, compared to a 685% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Upcoming Dividend • Aug 12
Upcoming dividend of €0.10 per share Eligible shareholders must have bought the stock before 19 August 2022. Payment date: 23 August 2022. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (1.7%). Major Estimate Revision • May 18
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 losses forecast to reduce from -€0.16 to -€0.10 per share. Revenue forecast unchanged from €21.9m at last update. Hospitality industry in Germany expected to see average net income growth of 28% next year. Consensus price target of €22.50 unchanged from last update. Share price fell 2.4% to €14.25 over the past week. Price Target Changed • Apr 27
Price target decreased to €22.50 Down from €25.00, the current price target is an average from 2 analysts. New target price is 48% above last closing price of €15.20. Stock is down 18% over the past year. The company is forecast to post a net loss per share of €0.17 next year compared to a net loss per share of €0.04 last year. Price Target Changed • Apr 07
Price target decreased to €22.50 Down from €25.00, the current price target is an average from 2 analysts. New target price is 56% above last closing price of €14.40. Stock is down 22% over the past year. The company is forecast to post a net loss per share of €0.30 compared to earnings per share of €0.34 last year. Price Target Changed • Mar 31
Price target decreased to €24.00 Down from €26.00, the current price target is an average from 2 analysts. New target price is 60% above last closing price of €15.00. Stock is down 16% over the past year. The company is forecast to post a net loss per share of €0.30 compared to earnings per share of €0.34 last year. Price Target Changed • Nov 10
Price target decreased to €24.00 Down from €26.50, the current price target is an average from 2 analysts. New target price is 45% above last closing price of €16.50. Stock is up 59% over the past year. The company is forecast to post earnings per share of €0.66 for next year compared to €0.34 last year. Upcoming Dividend • Jun 03
Upcoming dividend of €0.26 per share Eligible shareholders must have bought the stock before 10 June 2021. Payment date: 14 June 2021. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (1.9%). Reported Earnings • Apr 17
Full year 2020 earnings released The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: €14.7m (up 1.9% from FY 2019). Net income: €1.46m (down 56% from FY 2019). Profit margin: 9.9% (down from 23% in FY 2019). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improved over the past week After last week's 17% share price gain to €18.00, the stock is trading at a trailing P/E ratio of 21.2x, up from the previous P/E ratio of 18.2x. This compares to an average P/E of 56x in the Hospitality industry in Germany. Total returns to shareholders over the past three years are 70%. Is New 90 Day High Low • Feb 24
New 90-day high: €14.50 The company is up 38% from its price of €10.50 on 26 November 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 8.0% over the same period. Is New 90 Day High Low • Feb 05
New 90-day high: €13.20 The company is up 25% from its price of €10.60 on 06 November 2020. The German market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 9.0% over the same period. Valuation Update With 7 Day Price Move • Dec 10
Market bids up stock over the past week After last week's 20% share price gain to €12.40, the stock is trading at a trailing P/E ratio of 14.6x, up from the previous P/E ratio of 12.1x. This compares to an average P/E of 23x in the Hospitality industry in Germany. Total returns to shareholders over the past three years are 9.4%. Is New 90 Day High Low • Dec 08
New 90-day high: €11.70 The company is up 1.0% from its price of €11.60 on 09 September 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 19% over the same period. Is New 90 Day High Low • Oct 24
New 90-day low: €10.40 The company is down 5.0% from its price of €10.90 on 24 July 2020. The German market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is down 2.0% over the same period.