New Risk • Jun 10
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 106% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (27% average weekly change). Dividend is not well covered by earnings and cash flows. Dividend per share is over 9x earnings per share. Cash payout ratio: 168% Earnings have declined by 25% 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 (1.1% net profit margin). Market cap is less than US$100m (€21.9m market cap, or US$25.2m). Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €5.85, the stock trades at a trailing P/E ratio of 59.8x. Average trailing P/E is 19x in the Hospitality industry in Germany. Total loss to shareholders of 37% over the past three years. Reported Earnings • May 25
Full year 2025 earnings released Full year 2025 results: Revenue: €19.9m (down 15% from FY 2024). Net income: €225.0k (down 84% from FY 2024). Profit margin: 1.1% (down from 5.9% in FY 2024). The decrease in margin was driven by lower revenue. Announcement • Sep 04
Regenbogen AG announces Annual dividend, payable on September 17, 2025 Regenbogen AG announced Annual dividend of EUR 0.9000 per share payable on September 17, 2025, ex-date on September 15, 2025 and record date on September 16, 2025. Announcement • Aug 05
Regenbogen AG, Annual General Meeting, Sep 12, 2025 Regenbogen AG, Annual General Meeting, Sep 12, 2025, at 10:00 W. Europe Standard Time. Valuation Update With 7 Day Price Move • Nov 16
Investor sentiment improves as stock rises 39% After last week's 39% share price gain to €7.00, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 14x in the Hospitality industry in Germany. Total loss to shareholders of 43% over the past three years. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to €4.86, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 13x in the Hospitality industry in Germany. Total loss to shareholders of 60% over the past three years. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €6.50, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 13x in the Hospitality industry in Germany. Total loss to shareholders of 49% over the past three years. Valuation Update With 7 Day Price Move • Oct 03
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €7.70, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 13x in the Hospitality industry in Germany. Total loss to shareholders of 38% over the past three years. Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €6.00, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 16x in the Hospitality industry in Germany. Total loss to shareholders of 52% over the past three years. Valuation Update With 7 Day Price Move • Aug 29
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to €5.50, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 18x in the Hospitality industry in Germany. Total loss to shareholders of 54% over the past three years. Announcement • Aug 08
Regenbogen AG, Annual General Meeting, Sep 17, 2024 Regenbogen AG, Annual General Meeting, Sep 17, 2024, at 10:00 W. Europe Standard Time. Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €6.50, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 26x in the Hospitality industry in Germany. Total loss to shareholders of 48% over the past three years. New Risk • Jun 03
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 7.3% 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 High level of debt (55% net debt to equity). Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.3% average weekly change). Market cap is less than US$100m (€14.5m market cap, or US$15.8m). Reported Earnings • May 20
Full year 2023 earnings released Full year 2023 results: Revenue: €23.8m (up 12% from FY 2022). Net income: €1.07m (down 21% from FY 2022). Profit margin: 4.5% (down from 6.4% in FY 2022). The decrease in margin was driven by higher expenses. New Risk • May 05
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 High level of non-cash earnings (22% accrual ratio). Minor Risks High level of debt (71% net debt to equity). Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Profit margins are more than 30% lower than last year (6.2% net profit margin). Market cap is less than US$100m (€13.0m market cap, or US$14.0m). Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €7.00, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 37x in the Hospitality industry in Germany. Total returns to shareholders of 1.3% over the past three years. Valuation Update With 7 Day Price Move • Nov 30
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €7.50, the stock trades at a trailing P/E ratio of 12.2x. Average trailing P/E is 42x in the Hospitality industry in Germany. Total returns to shareholders of 28% over the past three years. Reported Earnings • Oct 20
First half 2023 earnings released First half 2023 results: Revenue: €8.21m (up 23% from 1H 2022). Net loss: €2.26m (loss narrowed 2.2% from 1H 2022). New Risk • Oct 18
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. 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). High level of non-cash earnings (22% accrual ratio). Minor Risks High level of debt (71% net debt to equity). Profit margins are more than 30% lower than last year (6.2% net profit margin). Market cap is less than US$100m (€16.3m market cap, or US$17.2m). Valuation Update With 7 Day Price Move • Oct 02
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €7.00, the stock trades at a trailing P/E ratio of 11.8x. Average trailing P/E is 14x in the Hospitality industry in Germany. Total returns to shareholders of 5.6% over the past three years. Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €8.75, the stock trades at a trailing P/E ratio of 14.7x. Average trailing P/E is 16x in the Hospitality industry in Germany. Total returns to shareholders of 32% over the past three years. Reported Earnings • May 30
Full year 2022 earnings released Full year 2022 results: Revenue: €21.3m (up 13% from FY 2021). Net income: €1.37m (down 49% from FY 2021). Profit margin: 6.4% (down from 14% in FY 2021). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €12.40, the stock trades at a trailing P/E ratio of 13.4x. Average trailing P/E is 30x in the Hospitality industry in Germany. Total returns to shareholders of 92% over the past three years. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €12.70, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 27x in the Hospitality industry in Germany. Total returns to shareholders of 90% over the past three years. Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment improved over the past week After last week's 21% share price gain to €13.50, the stock trades at a trailing P/E ratio of 14.6x. Average trailing P/E is 21x in the Hospitality industry in Germany. Total returns to shareholders of 68% over the past three years. Reported Earnings • Oct 07
First half 2022 earnings released First half 2022 results: Revenue: €6.69m (up 47% from 1H 2021). Net loss: €2.32m (loss widened 30% from 1H 2021). Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €10.90, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 28x in the Hospitality industry in Germany. Total returns to shareholders of 19% over the past three years. Valuation Update With 7 Day Price Move • Jun 22
Investor sentiment improved over the past week After last week's 23% share price gain to €14.80, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 26x in the Hospitality industry in Germany. Total returns to shareholders of 118% over the past three years. Upcoming Dividend • Jun 07
Upcoming dividend of €0.46 per share Eligible shareholders must have bought the stock before 14 June 2022. Payment date: 16 June 2022. Payout ratio is a comfortable 40% but the company is not cash flow positive. Trailing yield: 3.5%. Lower than top quartile of German dividend payers (4.2%). Higher than average of industry peers (1.8%). Reported Earnings • Apr 29
Full year 2021 earnings released Full year 2021 results: Revenue: €20.8m (up 20% from FY 2020). Net income: €2.66m (up 14% from FY 2020). Profit margin: 13% (in line with FY 2020). Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment improved over the past week After last week's 16% share price gain to €14.90, the stock trades at a trailing P/E ratio of 23.3x. Average trailing P/E is 30x in the Hospitality industry in Germany. Total returns to shareholders of 179% over the past three years. Valuation Update With 7 Day Price Move • Nov 09
Investor sentiment deteriorated over the past week After last week's 20% share price decline to €11.40, the stock trades at a trailing P/E ratio of 17.8x. Average trailing P/E is 40x in the Hospitality industry in Germany. Total returns to shareholders of 125% over the past three years. Reported Earnings • Sep 26
First half 2021 earnings released The company reported a poor first half result with increased losses and weaker control over costs, although revenues were flat. First half 2021 results: Revenue: €4.54m (flat on 1H 2020). Net loss: €1.79m (loss widened 94% from 1H 2020). Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment improved over the past week After last week's 16% share price gain to €13.90, the stock trades at a trailing P/E ratio of 13.6x. Average trailing P/E is 55x in the Hospitality industry in Germany. Total returns to shareholders of 195% over the past three years. Valuation Update With 7 Day Price Move • May 21
Investor sentiment deteriorated over the past week After last week's 18% share price decline to €14.00, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 41x in the Hospitality industry in Germany. Total returns to shareholders of 217% over the past three years. Upcoming Dividend • May 19
Upcoming dividend of €0.09 per share Eligible shareholders must have bought the stock before 26 May 2021. Payment date: 28 May 2021. Trailing yield: 0.6%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (2.0%). Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment improved over the past week After last week's 27% share price gain to €10.80, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 39x in the Hospitality industry in Germany. Total returns to shareholders of 122% over the past three years. Reported Earnings • Apr 16
Full year 2020 earnings released The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €17.8m (up 17% from FY 2019). Net income: €2.34m (up 54% from FY 2019). Profit margin: 13% (up from 10.0% in FY 2019). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment improved over the past week After last week's 16% share price gain to €8.25, the stock is trading at a trailing P/E ratio of 12.5x, up from the previous P/E ratio of 10.8x. This compares to an average P/E of 24x in the Hospitality industry in Germany. Total returns to shareholders over the past three years are 90%. Is New 90 Day High Low • Feb 25
New 90-day high: €8.25 The company is up 24% from its price of €6.65 on 27 November 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 7.0% over the same period. Is New 90 Day High Low • Feb 08
New 90-day high: €7.55 The company is up 14% from its price of €6.60 on 10 November 2020. The German market is up 12% 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. Is New 90 Day High Low • Jan 03
New 90-day high: €7.25 The company is up 4.0% from its price of €7.00 on 05 October 2020. The German market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 8.0% over the same period. Reported Earnings • Sep 18
First half earnings released Over the last 12 months the company has reported total profits of €2.57m, up 358% from the prior year. Total revenue was €14.2m over the last 12 months, down 7.5% from the prior year. Announcement • Aug 11
Regenbogen AG (DB:RGB) agreed to acquire Spa and Camping Park in Bad Gandersheim. Regenbogen AG (DB:RGB) agreed to acquire Spa and Camping Park in Bad Gandersheim on August 6, 2020.