Announcement • 18h
EML Payments Limited to Report Fiscal Year 2026 Results on Aug 18, 2026 EML Payments Limited announced that they will report fiscal year 2026 results on Aug 18, 2026 Board Change • May 21
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Executive Chairman Anth Hynes is the most experienced director on the board, commencing their role in 2024. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Mar 30
EML Payments Limited Appoints Adam Olding as Chief Executive Officer, Effective March 30, 2026 EML Payments Limited announced the appointment of Mr. Adam Olding as Chief Executive Officer, effective March 30, 2026. This appointment reflects EML's progress on its EML2.0 transformation program and is intended to support the next phase of execution across the Group's operating and growth priorities. Mr. Olding has already been leading EML’s Australia, UK and Europe businesses. His appointment as CEO provides clear executive accountability across regions and functions as EML continues the deployment and migration of its single global technology platform. As CEO, Mr. Olding will be responsible for the day-to-day management of EML and will lead the Executive Leadership Team in executing the Company’s operational and strategic priorities including the deployment of the new global technology platform Arlo across the business. Adam has more than 25 years experience spanning payments, financial services, technology and listed-company environments. He has held senior executive roles in regulated businesses across Australia, the UK and Europe, with expertise in payments, governance, corporate development and business transformation. Adam joined EML as CEO, Australia, UK and Europe in September 2024 and has led the EML 2.0 transformation program across those regions. Following recent executive leadership consolidation, Adam also assumed oversight of the North American market; his elevation to Global CEO is a logical progression. Prior to joining EML, he was CEO of the education finance business ZeeFi. He previously served as Commercial Director and General Counsel of Optal Limited, where he worked with Anthony Hynes to build the business into a significant global payments company prior to its sale. Adam holds degrees in law (Hons) and economics from Monash University, together with postgraduate qualifications in communications and corporate governance. Announcement • Jan 19
EML Payments Limited to Report First Half, 2026 Results on Feb 25, 2026 EML Payments Limited announced that they will report first half, 2026 results on Feb 25, 2026 Announcement • Dec 01
EML Payments Limited Announces CFO Transition EML Payments Limited announced the appointment of Stuart Will as Chief Financial Officer, effective December 1, 2025, following the resignation of James Georgeson. Stuart Will is currently the Group Financial Controller of EML and has worked closely with Mr. Georgeson and the global finance team over the past nine months. Prior to joining EML, Mr. Will has served as Chief Financial Officer at a number of large-scale organizations including Optal Ltd. and Baby Bunting. He brings extensive CFO, Company Secretary and executive leadership experience across the fintech, financial services, and retail sectors, with particular expertise in global operations and strategic transformations. Mr. Will is a Chartered Accountant and holds a Bachelor of Business (Accounting). Mr. Will and Mr. Georgeson will continue to work together to affect a smooth transition through the first quarter of 2026. Announcement • Sep 11
EML Payments Limited, Annual General Meeting, Nov 19, 2025 EML Payments Limited, Annual General Meeting, Nov 19, 2025. Announcement • Jul 29
EML Payments Limited to Report Fiscal Year 2025 Results on Aug 27, 2025 EML Payments Limited announced that they will report fiscal year 2025 results on Aug 27, 2025 Announcement • Jan 29
Jeremy Raper Says EML Payments 'Should Be Sold' EML Payments Limited (ASX:EML) board should immediately appoint advisers and put the business up for sale, activist investor and "long-suffering shareholder" Jeremy Raper said. Mr. Raper has written to EML Executive Chair Anthony Hynes, saying that in the wake of the company firing its newly appointed Chief Executive Ron Hynes (no relation) in December, the board should "immediately hire bankers and conduct a full sales process". The company's shares traded as high as 84c as rumours of the letter's existence leaked into the market on 24 January 2025, before the stock closed 2c higher at 81.5c. Mr. Raper said in his letter he believed a sale process could generate a price of $1.50 - $1.70 per share, or a 100% premium to the current share price. Wilson Asset Management recently increased its stake in EML from 8.6% to 9.7%, with the change lodged with the ASX on January 17. QVG Capital is also a substantial holder of EML, with a 5.7% stake. EML did not make any statement to the ASX on 24 January 2025 regarding the letter. The company was contacted for comment on -27 January 2025. Mr. Raper said there were "many obvious financial and strategic reasons" for putting the company on the sale block. "But the most salient one is this: after this most recent management debacle, whatever reservoirs of patience that remained amongst the investor base have been completely exhausted," Mr. Raper said in his letter. "As such, EML will never achieve a reasonable valuation whilst it remains a listed entity - and because of this, it is imperative EML consider fully all strategic alternatives now, with the business cleansed of legacy issues, but -before it embarks on the aggressive turnaround plan recently -outlined." EML sacked US-based Mr. Hynes on December 23 after six months in the top job, with the board saying it needed different leadership to execute its turnaround plans. Mr. Hynes was championed by EML upon his commencement in the role on June 30 for his "impressive value-creation track record, growth bias and proven leadership capabilities", which were aligned to the needs of the company and marketplace. He is the second chief executive to have recently departed the embattled payments group after a sweeping overhaul announced in April 2023 saw Emma Shand leave after only nine months in the job. Non-executive chair Anthony Hynes, who also joined the company mid-last year, assumed the chief executive role, replacing Ron Hynes. Mr. Raper said in his letter that EML's brand was damaged beyond repair, meaning a business sale was the best course of action. "Business turnarounds always carry risk, and here, with shareholder fatigue so palpable, the perceived out-year reward of a massive equity rerating (upon execution of the turnaround) is unlikely," he said. Recent Insider Transactions • Oct 27
Independent Chairman recently bought €318k worth of stock On the 23rd of October, Anthony Hynes bought around 868k shares on-market at roughly €0.37 per share. This transaction increased Anthony's direct individual holding by 17x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Anthony's only on-market trade for the last 12 months. Announcement • Sep 17
EML Payments Limited, Annual General Meeting, Nov 26, 2024 EML Payments Limited, Annual General Meeting, Nov 26, 2024. Announcement • Sep 03
GoCardless Ltd. completed the acquisition of Sentenial Ltd from EML Payments Limited (ASX:EML) for an enterprise value of €32.8 million. GoCardless Ltd. has signed an agreement to acquire Sentenial Ltd from EML Payments Limited (ASX:EML) for €32.8 million on March 14, 2024. The transaction is subject to customary completion adjustments for working capital and net debt. The Sale also includes a potential downward price adjustment linked to ongoing key contract performance (capped at €7.5 million) in the period up to completion of the Sale (“Completion”) and an earn out based on recurring revenue from new contracts signed by the Sentenial business between February 1, 2024 and 30 days after Completion. Completion is not subject to financing. The Sale is subject to approval from the French and United Kingdom financial regulators, L'Autorité de contrôle prudentiel et de résolution and the Financial Conduct Authority respectively, which are presently expected to be completed within 3 to 6 months. The transaction is expected to be completed in the first half of 2025. Barrenjoey and Barclays were appointed as financial advisers on the Sale. Caroline Rae of Herbert Smith Freehills LLP acted as legal advisor to EML Payments Limited.
GoCardless Ltd. completed the acquisition of Sentenial Ltd from EML Payments Limited (ASX:EML) for an enterprise value of €32.8 million on September 2, 2024. Reported Earnings • Aug 28
Full year 2024 earnings released: AU$0.026 loss per share (vs AU$0.76 loss in FY 2023) Full year 2024 results: AU$0.026 loss per share (improved from AU$0.76 loss in FY 2023). Revenue: AU$217.3m (down 14% from FY 2023). Net loss: AU$9.61m (loss narrowed 97% from FY 2023). Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Diversified Financial industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 22 percentage points per year, which is a significant difference in performance. Announcement • Aug 21
EML Payments Limited Announces Board Changes EML Payments Limited announced that current non-executive director Mr. Anthony Hynes would be its chairman from 28 August 2024 and that Dr. Luke Bortoli and Mr. Jim Pollock would be retiring from the board at that time. Petrina Coventry has been appointed to the board effective 19 August 2024. Following a global search process, Mr. Hynes joined the board as an independent non-executive director in June 2024 in the expectation of the Chairmanship transition. Mr. Hynes is a highly respected global B2B payments industry entrepreneur, managing director and advisor. He was the Founder and Managing Director of global payments business eNett International. Most recently Mr. Hynes was President of Travel and subsequently Executive Advisor at Wex Inc. Ms. Coventry is a highly respected Non-executive Director, and her career includes over 25 years managing multiple functions for large global businesses within Asia Pacific, Europe and the US including GE Financial Services, the Coca-Cola Company and Santos Ltd. Her career was focused for many years on leading governance systems, human resources, organizational design, occupational health and safety and executive development and in the last decade she has been increasingly focused leading M&A, strategy and risk and audit portfolios. Ms. Coventry is an experienced Non-executive Director and Chair; she is the current Chair of Transplant Australia, former Chair of the Adelaide Business School, former Director of the Australian Human Resources Institute and a Fellow and faculty member of the Australian Institute of Company Directors. Her qualifications include MBA, Master Ethics and Ph.D. New Risk • Aug 11
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 6.7% 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. This is currently the only risk that has been identified for the company. Announcement • Jul 20
EML Payments Limited to Report Fiscal Year 2024 Results on Aug 28, 2024 EML Payments Limited announced that they will report fiscal year 2024 results on Aug 28, 2024 Board Change • May 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Manoj Kheerbat is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Mar 15
GoCardless Ltd. has signed an agreement to acquire Sentenial Ltd from EML Payments Limited (ASX:EML) for €32.8 million. GoCardless Ltd. has signed an agreement to acquire Sentenial Ltd from EML Payments Limited (ASX:EML) for €32.8 million on March 15, 2024. The transaction is subject to customary completion adjustments for working capital and net debt. The Sale also includes a potential downward price adjustment linked to ongoing key contract performance (capped at €7.5 million) in the period up to completion of the Sale (“Completion”) and an earn out based on recurring revenue from new contracts signed by the Sentenial business between February 1, 2024 and 30 days after Completion. Completion is not subject to financing. The Sale is subject to approval from the French and United Kingdom financial regulators, L'Autorité de contrôle prudentiel et de résolution and the Financial Conduct Authority respectively, which are presently expected to be completed within 3 to 6 months. Barrenjoey and Barclays were appointed as financial advisers on the Sale. Buy Or Sell Opportunity • Mar 05
Now 20% undervalued Over the last 90 days, the stock has risen 5.8% to €0.55. The fair value is estimated to be €0.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has declined by 79%. Revenue is forecast to decline by 9.9% in a year. Earnings are forecast to grow by 98% in the next year. Reported Earnings • Mar 04
First half 2024 earnings released: AU$0.033 loss per share (vs AU$0.35 loss in 1H 2023) First half 2024 results: AU$0.033 loss per share (improved from AU$0.35 loss in 1H 2023). Revenue: AU$150.7m (up 30% from 1H 2023). Net loss: AU$12.4m (loss narrowed 91% from 1H 2023). Revenue is forecast to stay flat during the next 3 years compared to a 11% growth forecast for the Diversified Financial industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 36 percentage points per year, which is a significant difference in performance. Breakeven Date Change • Feb 29
Forecast breakeven date pushed back to 2025 The 5 analysts covering EML Payments previously expected the company to break even in 2024. New consensus forecast suggests losses will reduce by 100% to 2024. The company is expected to make a profit of AU$21.7m in 2025. Average annual earnings growth of 87% is required to achieve expected profit on schedule. Breakeven Date Change • Feb 28
Forecast breakeven date pushed back to 2025 The 5 analysts covering EML Payments previously expected the company to break even in 2024. New consensus forecast suggests the company will make a profit of AU$21.1m in 2025. Average annual earnings growth of 96% is required to achieve expected profit on schedule. Announcement • Sep 20
EML Payments Limited, Annual General Meeting, Nov 29, 2023 EML Payments Limited, Annual General Meeting, Nov 29, 2023. Agenda: To consider the election of Directors. Reported Earnings • Aug 30
Full year 2023 earnings released: AU$0.76 loss per share (vs AU$0.013 loss in FY 2022) Full year 2023 results: AU$0.76 loss per share (further deteriorated from AU$0.013 loss in FY 2022). Revenue: AU$254.2m (up 9.4% from FY 2022). Net loss: AU$284.8m (loss widened AU$280.0m from FY 2022). Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Diversified Financial industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance. Breakeven Date Change • Aug 30
Forecast to breakeven in 2024 The 5 analysts covering EML Payments expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of AU$39.7m in 2024. Earnings growth of 104% is required to achieve expected profit on schedule. Announcement • Aug 30
EML Payments Limited Appoints Mr. Peter Lang as Chief Corporate Development Officer, Effective on September 1, 2023 EML Payments Limited announced that Mr. Peter Lang has been appointed Chief Corporate Development Officer (CCDO) effective 1 September 2023 and will remain on the Board as an Executive Director. Mr. Lang has been actively involved in several important initiatives since being appointed to the Board as a non-Executive Director on 22 February 2023. In particular, he has taken carriage of the strategic review, supporting remediation activities including chairing the Board's Regulatory Remediation Committee and re-negotiating interest yields on customer float leading to material gains. In his Chief Corporate Development Officer role, Mr. Lang will also provide the leadership team with greater capacity to concentrate on customers, revenue, cost reduction and product development. Mr. Lang will inject valuable commercial skills to ongoing Strategic Review activities together with key revenue initiatives. Announcement • Aug 29
EML Payments Limited Announces CFO Changes, Effective on September 1, 2023 EML Payments Limited announced that Mr. James Georgeson will join the company as Chief Financial Officer (CFO) effective from 1 September 2023. Mr. Georgeson is an experienced ASX-listed company executive with over 22 years in the financial services sector. He most recently served as CFO of AMP Limited and is highly skilled in leading large-scale programs across a broad range of stakeholders and jurisdictions, in heavily regulated markets. Mr. Georgeson has significant experience in leading end-to-end finance functions and running transformative change programs, which will be a great asset to EML as it actions its operational priorities and continues the strategic review of the EML business. Jon Gatt, who has been Interim Group CFO since January 2023 will return to his role as European CFO. The Board would like to thank Jon for his contribution and dedication since January, which has been a time of significant change for the Group. Announcement • Aug 22
EML Payments Limited to Report Fiscal Year 2023 Results on Aug 29, 2023 EML Payments Limited announced that they will report fiscal year 2023 results on Aug 29, 2023 New Risk • Jul 07
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: AU$123m Forecast net loss in 3 years: AU$13m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risk Currently unprofitable and not forecast to become profitable over next 3 years (AU$13m net loss in 3 years). Breakeven Date Change • Jul 07
No longer forecast to breakeven The 7 analysts covering EML Payments no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of AU$16.4m in 2025. New consensus forecast suggests the company will make a loss of AU$1.84m in 2025. Buying Opportunity • Mar 23
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 31%. The fair value is estimated to be €0.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Meanwhile, the company became loss making. For the next 3 years, revenue is forecast to grow by 6.7% per annum. Earnings is also forecast to grow by 48% per annum over the same time period. Board Change • Feb 26
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Manoj Kheerbat was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Feb 22
First half 2023 earnings released: AU$0.35 loss per share (vs AU$0.033 loss in 1H 2022) First half 2023 results: AU$0.35 loss per share (further deteriorated from AU$0.033 loss in 1H 2022). Revenue: AU$116.2m (up 2.5% from 1H 2022). Net loss: AU$129.9m (loss widened AU$117.8m from 1H 2022). Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 45% per year, which means it has not declined as severely as earnings. Announcement • Feb 09
EML Payments Limited Announces Board Resignations David Liddy, Melanie Wilson and Tony Adcock will resign from the EML Payments Limited's Board on or before the 2023 AGM once the new Directors have been appointed. Announcement • Jan 24
EML Payments Limited to Report First Half, 2023 Results on Feb 22, 2023 EML Payments Limited announced that they will report first half, 2023 results on Feb 22, 2023 Announcement • Jan 19
EML Payments Limited Announces Executive Changes, Effective 16 April 2023 EML Payments Limited announced that by agreement Robert Shore, Group Chief Financial Officer, will step down from his role and depart EML on 16 April 2023. Robert joined EML six and a half years ago, becoming CFO in late 2018, and will work with EML over the next three-month period to ensure a smooth transition. Jonathan Gatt, who is currently EML's European Chief Financial Officer has been appointed interim Group CFO, effective immediately, while the company conducts an internal and external global search for the position. Prior to joining EML, Jonathan spent 17 years at GE Capital where he held a number of finance roles, most recently executive roles including as CFO of their remaining regulated businesses as they transitioned out of financial services in the US and Europe. He is an Australian Chartered Accountant and holds both Australian and UK residency. Reported Earnings • Aug 23
Full year 2022 earnings released: AU$0.013 loss per share (vs AU$0.08 loss in FY 2021) Full year 2022 results: AU$0.013 loss per share (up from AU$0.08 loss in FY 2021). Revenue: AU$232.4m (up 21% from FY 2021). Net loss: AU$4.80m (loss narrowed 83% from FY 2021). Over the next year, revenue is forecast to grow 14%, compared to a 13% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has fallen by 28% per year whereas the company’s share price has fallen by 29% per year. Recent Insider Transactions • Apr 15
Independent Non-Executive Chairman recently sold €378k worth of stock On the 12th of April, Peter Martin sold around 200k shares on-market at roughly €1.89 per share. This was the largest sale by an insider in the last 3 months. This was Peter's only on-market trade for the last 12 months. Reported Earnings • Feb 18
First half 2022 earnings: EPS in line with expectations, revenues disappoint First half 2022 results: AU$0.033 loss per share (up from AU$0.14 loss in 1H 2021). Revenue: AU$113.4m (up 20% from 1H 2021). Net loss: AU$12.1m (loss narrowed 77% from 1H 2021). Revenue missed analyst estimates by 3.1%. Over the next year, revenue is forecast to grow 24%, compared to a 17% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 22
Full year 2021 earnings released: AU$0.08 loss per share (vs AU$0.023 loss in FY 2020) The company reported a mediocre full year result with increased losses and weaker control over costs, although revenues improved. Full year 2021 results: Revenue: AU$192.2m (up 59% from FY 2020). Net loss: AU$28.7m (loss widened 302% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 129 percentage points per year, which is a significant difference in performance. Executive Departure • Aug 04
Independent Non-Executive Director George Gresham has left the company On the 29th of July, George Gresham's tenure as Independent Non-Executive Director ended after 1.2 years in the role. We don't have any record of a personal shareholding under George's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 3.00 years. Executive Departure • Jul 16
Independent Non-Executive Director Kirstin Ferguson has left the company On the 16th of July, Kirstin Ferguson's tenure as Independent Non-Executive Director ended after 3.4 years in the role. As of March 2021, Kirstin still personally held only 18.32k shares (€24k worth at the time). Kirstin is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.92 years. Recent Insider Transactions • Apr 17
Independent Non-Executive Chairman recently sold €735k worth of stock On the 9th of April, Peter Martin sold around 200k shares on-market at roughly €3.68 per share. In the last 3 months, there was an even bigger sale from another insider worth €5.0m. Peter has been a seller over the last 12 months, reducing personal holdings by €1.6m. Recent Insider Transactions • Mar 24
Group CEO recently sold €5.0m worth of stock On the 18th of March, Thomas Cregan sold around 1m shares on-market at roughly €3.42 per share. This was the largest sale by an insider in the last 3 months. This was Thomas' only on-market trade for the last 12 months. Reported Earnings • Feb 20
First half 2021 earnings released: AU$0.072 loss per share (vs AU$0.016 profit in 1H 2020) The company reported a mediocre first half result with weaker earnings and weaker control over costs, although revenues improved. First half 2021 results: Revenue: AU$94.3m (up 59% from 1H 2020). Net loss: AU$25.7m (down AU$30.0m from profit in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 81% per year but the company’s share price has increased by 49% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Feb 18
Revenue beats expectations Revenue exceeded analyst estimates by 6.0%. Over the next year, revenue is forecast to grow 30%, compared to a 12% growth forecast for the IT industry in Germany. Is New 90 Day High Low • Feb 18
New 90-day high: €3.16 The company is up 33% from its price of €2.38 on 19 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.97 per share. Is New 90 Day High Low • Dec 09
New 90-day high: €2.40 The company is up 35% from its price of €1.78 on 10 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.88 per share. Is New 90 Day High Low • Nov 16
New 90-day high: €2.20 The company is up 13% from its price of €1.95 on 18 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.99 per share. Is New 90 Day High Low • Oct 14
New 90-day high: €2.18 The company is up 15% from its price of €1.89 on 16 July 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.82 per share. 
