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 German stocks, typically moving 7.8% 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 Earnings have declined by 33% per year over the past 5 years. Market cap is less than US$10m (€1.07m market cap, or US$1.26m). Minor Risk Share price has been volatile over the past 3 months (7.8% average weekly change). Announcement • Jun 02
Coreo AG, Annual General Meeting, Jul 08, 2025 Coreo AG, Annual General Meeting, Jul 08, 2025, at 10:00 W. Europe Standard Time. Reported Earnings • May 29
Full year 2024 earnings released: €1.41 loss per share (vs €4.63 loss in FY 2023) Full year 2024 results: €1.41 loss per share (improved from €4.63 loss in FY 2023). Revenue: €14.6m (up 108% from FY 2023). Net loss: €3.18m (loss narrowed 70% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 55% per year whereas the company’s share price has fallen by 53% per year. New Risk • May 19
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 Earnings have declined by 59% per year over the past 5 years. Market cap is less than US$10m (€2.52m market cap, or US$2.81m). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (11% average weekly change). New Risk • Jan 12
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (35% average weekly change). Market cap is less than US$10m (€6.59m market cap, or US$6.75m). New Risk • Jul 15
New major risk - Revenue and earnings growth Earnings have declined by 60% 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 Risks Share price has been highly volatile over the past 3 months (26% average weekly change). Earnings have declined by 60% per year over the past 5 years. Market cap is less than US$10m (€3.34m market cap, or US$3.64m). Announcement • Jun 15
Coreo AG, Annual General Meeting, Jul 24, 2024 Coreo AG, Annual General Meeting, Jul 24, 2024, at 10:00 W. Europe Standard Time. Reported Earnings • Jun 07
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: €0.46 loss per share (further deteriorated from €0.09 loss in FY 2022). Net loss: €10.4m (loss widened 459% from FY 2022). Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) missed analyst estimates significantly. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has fallen by 38% per year whereas the company’s share price has fallen by 42% per year. New Risk • May 19
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 Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Market cap is less than US$10m (€6.09m market cap, or US$6.62m). Minor Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Major Estimate Revision • Nov 19
Consensus revenue estimates fall by 29% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from €8.75m to €6.23m. Forecast losses increased from -€0.03 to -€0.10 per share. Capital Markets industry in Germany expected to see average net income growth of 16% next year. Consensus price target down from €1.30 to €1.00. Share price fell 11% to €0.24 over the past week. Announcement • Oct 13
An unknown Buyer signed an agreement to acquire 119 WEG units in the Hagenweg property in Göttingen from Coreo AG (XTRA:CORE). An Unknown Buyer signed an agreement to acquire 119 WEG units in the Hagenweg property in Göttingen from Coreo AG (XTRA:CORE) on October 11, 2023.The sale is subject to regulatory approvals. New Risk • Aug 24
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €9.16m (US$9.91m) 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 Risks Less than 1 year of cash runway based on free cash flow trend (-€3.3m free cash flow). Share price has been highly volatile over the past 3 months (9.9% average weekly change). Market cap is less than US$10m (€9.16m market cap, or US$9.91m). Minor Risk Shareholders have been diluted in the past year (29% increase in shares outstanding). New Risk • Jul 16
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: -€3.3m 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 (-€3.3m free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Shareholders have been diluted in the past year (29% increase in shares outstanding). Market cap is less than US$100m (€12.1m market cap, or US$13.5m). New Risk • Jul 02
New major risk - Revenue and earnings growth Earnings have declined by 65% 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 Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 65% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (29% increase in shares outstanding). Market cap is less than US$100m (€11.0m market cap, or US$12.0m). Breakeven Date Change • Dec 15
Forecast breakeven date pushed back to 2023 The analyst covering Coreo previously expected the company to break even in 2022. New forecast suggests losses will reduce by 83% to 2022. The company is expected to make a profit of €4.08m in 2023. Average annual earnings growth of 110% is required to achieve expected profit on schedule. Price Target Changed • Nov 16
Price target decreased to €1.78 Down from €1.93, the current price target is an average from 2 analysts. New target price is 120% above last closing price of €0.81. Stock is down 40% over the past year. The company is forecast to post earnings per share of €0.06 next year compared to a net loss per share of €0.053 last year. Reported Earnings • Sep 26
First half 2022 earnings released: €0.086 loss per share (vs €0.046 loss in 1H 2021) First half 2022 results: €0.086 loss per share (further deteriorated from €0.046 loss in 1H 2021). Revenue: €3.60m (up 21% from 1H 2021). Net loss: €1.94m (loss widened 139% from 1H 2021). Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Announcement • Aug 05
Coreo AG, Annual General Meeting, Aug 04, 2022 Coreo AG, Annual General Meeting, Aug 04, 2022. Price Target Changed • May 18
Price target decreased to €1.70 Down from €2.18, the current price target is provided by 1 analyst. New target price is 63% above last closing price of €1.04. Stock is down 24% over the past year. The company is forecast to post earnings per share of €0.42 next year compared to a net loss per share of €0.053 last year. Reported Earnings • May 16
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: €0.053 loss per share (up from €0.14 loss in FY 2020). Revenue: €14.7m (up 53% from FY 2020). Net loss: €925.0k (loss narrowed 62% from FY 2020). Revenue missed analyst estimates by 5.5%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is expected to shrink by 45% compared to a 8.0% decline forecast for the funds industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Announcement • May 06
Coreo AG Ordinary Shares to Be Deleted from Other OTC Coreo AG's Ordinary Shares will be deleted from other OTC effective from May 6, 2022 due to Inactive Security. Price Target Changed • Apr 27
Price target increased to €2.35 Up from €2.18, the current price target is an average from 2 analysts. New target price is 116% above last closing price of €1.09. Stock is down 24% over the past year. The company is forecast to post earnings per share of €0.07 next year compared to a net loss per share of €0.14 last year. Announcement • Apr 01
Coreo AG Appoints Michael Tegeder as Chief Financial Officer, with Effect from 1 July 2022 The Supervisory Board of Coreo AG appointed Mr. Michael Tegeder (43) as a further member of the company's Managing Board with responsibility for the financial area at its meeting. With effect from 1 July 2022, Mr. Tegeder will assume his duties at Coreo AG. Michael Tegeder can look back on many years of experience in setting up and structuring financial organizations as well as extensive financing experience. He held senior positions at today's Vonovia, among others, where he accompanied the restructuring of the liabilities side prior to the IPO, the IPO itself and the company's promotion to the DAX. Announcement • Feb 16
Coreo AG Announces Board Changes Coreo AG announced that Marin N. Marinov, CEO informed the Supervisory Board that he will no longer be available for an additional term on the Management Board. In the future, he will devote himself to other tasks outside of Coreo. The Supervisory Board of Coreo AG and its sole CEO Marin N. Marinov therefore mutually agreed in its meeting held on February 15, 2022, the premature termination of his Management Board contract, which originally was scheduled to run until 31 December 2022. As of 28 February 2022, CEO Marin N. Marinov will resign from his position on the Management Board as well as from all management mandates held in subsidiaries and associated companies of Coreo AG. In addition, the Supervisory Board decided to appoint Mr. Dennis Gothan as the new Managing Board of Coreo AG with effect from 1 March 2022. The appointment will initially run until December 31, 2024. Reported Earnings • Sep 16
First half 2021 earnings released: €0.046 loss per share (vs €0.043 loss in 1H 2020) First half 2021 results: Net loss: €810.0k (loss widened 7.9% from 1H 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 112 percentage points per year, which is a significant difference in performance. Price Target Changed • Aug 05
Price target increased to €2.38 Up from €2.18, the current price target is provided by 1 analyst. New target price is 57% above last closing price of €1.51. Stock is up 22% over the past year. Announcement • Jul 15
Coreo AG (XTRA:CORE) agreed to acquire Real Estate Portfolio in Germany. Coreo AG (XTRA:CORE) agreed to acquire 89.9% stake in Real Estate Portfolio in Germany on July 14, 2021. Portfolio consists of 1,341 residential and 15 commercial and other units with a rental area of approx. 73,900 m². The real estate is distributed across 10 locations in the German states of Berlin, North Rhine-Westphalia, Mecklenburg-Western Pomerania, Saxony-Anhalt, and Thuringia. As part of the transaction, seller will take over MagForce shares in the amount of 1.45 million held by Coreo on a valuation basis above the current share price level as a down payment and first partial purchase price instalment. Reported Earnings • Apr 26
Full year 2020 earnings released: €0.14 loss per share (vs €0.053 loss in FY 2019) The company reported a mediocre full year result with increased losses and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: €9.61m (up 63% from FY 2019). Net loss: €2.42m (loss widened 187% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 113 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Mar 09
New 90-day low: €1.40 The company is down 2.0% from its price of €1.43 on 09 December 2020. The German market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.81 per share. Is New 90 Day High Low • Dec 28
New 90-day high: €1.61 The company is up 20% from its price of €1.34 on 29 September 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.82 per share. Major Estimate Revision • Dec 24
Analysts lower EPS estimates to €0.05 The 2020 consensus revenue estimate was lowered from €6.10m to €5.70m. Earning per share (EPS) estimate was also lowered from €0.10 to €0.05 for the same period. Net income is expected to grow by 6,846% next year compared to 1.2% growth forecast for the Capital Markets industry in Germany. The consensus price target of €2.18 was unchanged from the last update. Share price is up 2.0% to €1.52 over the past week. Is New 90 Day High Low • Dec 07
New 90-day high: €1.52 The company is up 14% from its price of €1.33 on 08 September 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.67 per share. Major Estimate Revision • Nov 05
Analysts update estimates The 2020 consensus earning per share (EPS) estimate was lowered from €0.15 to €0.10. No change was made to the revenue estimate which at the last update was €7.65m. Net income is expected to grow by 9,466% next year compared to 11% decline forecast for the Capital Markets industry in Germany. The consensus price target was lowered from €2.30 to €2.18. Share price stayed mostly flat at €1.31 over the past week. Reported Earnings • Oct 15
First half earnings released Over the last 12 months the company has reported total profits of €40.0k, down 96% from the prior year. Total revenue was €10.7m over the last 12 months, down 1.6% from the prior year. 