Major Estimate Revision • Apr 10
Consensus revenue estimates fall by 47% The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from €15.0m to €8.00m. Forecast loss of -€0.09, down from profit of €0.04 per share profit previously. Entertainment industry in Germany expected to see average net income growth of 3.8% next year. Consensus price target down from €1.20 to €1.00. Share price rose 12% to €1.06 over the past week. Breakeven Date Change • Apr 09
Forecast breakeven date pushed back to 2027 The analyst covering PAL Next previously expected the company to break even in 2026. New forecast suggests the company will make a profit of €300.0k in 2027. Announcement • Apr 08
PAL Next AG, Annual General Meeting, May 18, 2026 PAL Next AG, Annual General Meeting, May 18, 2026, at 10:00 W. Europe Standard Time. New Risk • Apr 07
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 34% 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 Share price has been highly volatile over the past 3 months (15% average weekly change). Shareholders have been substantially diluted in the past year (34% increase in shares outstanding). Minor Risk Market cap is less than US$100m (€33.0m market cap, or US$38.2m). Buy Or Sell Opportunity • Apr 07
Now 22% overvalued Over the last 90 days, the stock has fallen 3.0% to €0.96. The fair value is estimated to be €0.79, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Reported Earnings • Apr 02
Full year 2025 earnings released Full year 2025 results: Revenue: €27.0m (up 490% from FY 2024). Net loss: €908.7k (loss narrowed 73% from FY 2024). Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Entertainment industry in Germany. Announcement • Jan 30
PAL Next AG to Report Fiscal Year 2025 Final Results on Mar 31, 2026 PAL Next AG announced that they will report fiscal year 2025 final results at 12:00 PM, Central European Standard Time on Mar 31, 2026 New Risk • Jan 16
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 14% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Negative equity (-€2.2m). Minor Risks Revenue is less than US$5m (€4.0m revenue, or US$4.6m). Market cap is less than US$100m (€36.9m market cap, or US$42.7m). New Risk • Sep 28
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: €4.0m (US$4.7m) This is considered a minor risk. Companies with a small amount of revenue 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 Risk Negative equity (-€2.2m). Minor Risks Revenue is less than US$5m (€4.0m revenue, or US$4.7m). Market cap is less than US$100m (€33.0m market cap, or US$38.6m). Buy Or Sell Opportunity • Sep 03
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 17% to €1.35. The fair value is estimated to be €1.12, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 32% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 391% in a year. Earnings are forecast to grow by 100% in the next year. Announcement • Aug 20
PAL Next Ag Presents A Major Lineup of Films and Series for the 2025 Release Year At Its Successful Annual General Meeting PAL Next AG presented four major productions during its successfully held Annual General Meeting that will premiere in the 2025 release year and contribute to revenues. Particularly highlighted was the anti-war film DER TIGER (The Tiger), produced in collaboration with Amazon MGM Studios. It marks the first German Amazon Original film that will premiere first in German theaters on 18 September 2025, followed by a worldwide release on Prime Video at year-end. DER TIGER is one of only five films currently shortlisted by German Films as Germany’s official submission for the “Best International Feature Film” category at the 98th Academy Awards. Shareholders were also given a preview of two additional PANTALEON Films productions set to hit theaters later this fiscal year. NO HIT WONDER, produced for Warner Bros. and starring Florian David Fitz and Nora Tschirner, will open in theaters on 30 October 2025. DAS LEBEN DER WÜNSCHE (The Life of Wishes), co-produced with ProU Producer United in collaboration with Seven Pictures, will hit theaters on 13 November 2025. The film, starring Matthias Schweighöfer in his first leading role in a German feature film in seven years, will celebrate its world premiere at the Zurich Film Festival at the end of September. The second season of the successful series ASBEST will again be available in the ARD Mediathek, with the launch date yet to be announced. Shareholders approved all agenda items unanimously and expressed their confidence in CEO Stephanie Schettler-Köhler as well as in the members of the Supervisory Board of PAL Next AG for fiscal year 2025. The proportion of share capital entitled to vote at the time of the resolutions amounted to 71.28%. Announcement • Aug 13
PAL Next AG to Report First Half, 2025 Results on Sep 24, 2025 PAL Next AG announced that they will report first half, 2025 results on Sep 24, 2025 Announcement • Jul 09
PAL Next AG, Annual General Meeting, Aug 19, 2025 PAL Next AG, Annual General Meeting, Aug 19, 2025, at 10:00 W. Europe Standard Time. New Risk • May 05
New major risk - Negative shareholders equity The company has negative equity. Total equity: -€763k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risk Negative equity (-€763k). Minor Risk Market cap is less than US$100m (€29.1m market cap, or US$33.0m). Breakeven Date Change • Apr 29
Forecast breakeven date pushed back to 2026 The analyst covering PAL Next previously expected the company to break even in 2025. New forecast suggests the company will make a profit of €2.70m in 2026. Average annual earnings growth of 114% is required to achieve expected profit on schedule. New Risk • Apr 13
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: Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (€30.7m market cap, or US$34.8m). Announcement • Jan 10
Pantaflix AG to Report Q4, 2024 Results on Apr 30, 2025 Pantaflix AG announced that they will report Q4, 2024 results at 12:00 PM, Central European Standard Time on Apr 30, 2025 Breakeven Date Change • Jan 01
Forecast breakeven date pushed back to 2026 The analyst covering Pantaflix previously expected the company to break even in 2025. New forecast suggests the company will make a profit of €2.70m in 2026. Average annual earnings growth of 114% is required to achieve expected profit on schedule. Reported Earnings • Sep 27
First half 2024 earnings released: €0.083 loss per share (vs €0.032 loss in 1H 2023) First half 2024 results: €0.083 loss per share (further deteriorated from €0.032 loss in 1H 2023). Revenue: €1.35m (down 94% from 1H 2023). Net loss: €2.12m (loss widened 208% from 1H 2023). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • Sep 25
Pantaflix AG to Report First Half, 2024 Results on Sep 25, 2024 Pantaflix AG announced that they will report first half, 2024 results on Sep 25, 2024 Major Estimate Revision • Apr 29
Consensus revenue estimates fall by 88% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €28.9m to €3.50m. Forecast losses increased from -€0.06 to -€0.12 per share. Entertainment industry in Germany expected to see average net income growth of 30% next year. Consensus price target up from €0.85 to €1.00. Share price fell 11% to €1.84 over the past week. Reported Earnings • Apr 24
Full year 2023 earnings: Revenues exceed analyst expectations Full year 2023 results: Revenue: €37.4m (up 88% from FY 2022). Net loss: €3.62m (loss narrowed 54% from FY 2022). Revenue exceeded analyst estimates by 20%. Revenue is forecast to stay flat during the next 3 years compared to a 5.2% growth forecast for the Entertainment industry in Germany. Announcement • Apr 16
Pantaflix AG to Report Fiscal Year 2023 Results on Apr 22, 2024 Pantaflix AG announced that they will report fiscal year 2023 results on Apr 22, 2024 New Risk • Apr 15
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: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Currently unprofitable and not forecast to become profitable over next 2 years (€12k net loss in 2 years). Share price has been volatile over the past 3 months (7.2% average weekly change). Shareholders have been diluted in the past year (6.2% increase in shares outstanding). Market cap is less than US$100m (€51.5m market cap, or US$54.8m). Announcement • Feb 02
Pantaflix AG, Annual General Meeting, Aug 26, 2024 Pantaflix AG, Annual General Meeting, Aug 26, 2024. New Risk • Oct 05
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: €5.9m Forecast net loss in 2 years: €12k 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 (9.7% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (€12k net loss in 2 years). Shareholders have been diluted in the past year (7.0% increase in shares outstanding). Market cap is less than US$100m (€29.1m market cap, or US$30.6m). New Risk • Oct 02
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 9.3% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.3% average weekly change). Minor Risks Shareholders have been diluted in the past year (7.0% increase in shares outstanding). Market cap is less than US$100m (€25.2m market cap, or US$26.4m). Announcement • Jul 28
Pantaflix AG to Report First Half, 2023 Results on Sep 29, 2023 Pantaflix AG announced that they will report first half, 2023 results on Sep 29, 2023 Major Estimate Revision • Jul 04
Consensus revenue estimates fall by 14% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from €35.3m to €30.5m. Forecast losses increased from -€0.03 to -€0.085 per share. Entertainment industry in Germany expected to see average net income growth of 33% next year. Consensus price target down from €1.15 to €0.75. Share price rose 2.1% to €0.71 over the past week. Reported Earnings • Jul 02
Full year 2022 earnings: Revenues exceed analyst expectations Full year 2022 results: Revenue: €23.1m (down 46% from FY 2021). Net loss: €7.88m (loss widened 271% from FY 2021). Revenue exceeded analyst estimates by 5.4%. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Entertainment industry in Germany. Announcement • Jun 23
Pantaflix AG announced that it has received funding from Handelsblatt GmbH Pantaflix AG announced that it has raised private placement in a round of funding on June 22, 2023. The transaction included participation from new investor Handelsblatt GmbH Price Target Changed • Apr 08
Price target decreased by 37% to €1.15 Down from €1.83, the current price target is an average from 2 analysts. New target price is 92% above last closing price of €0.60. Stock is down 56% 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 €0.10 last year. Major Estimate Revision • Dec 22
Consensus revenue estimates fall by 10% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from €22.7m to €20.4m. Forecast losses increased from -€0.23 to -€0.33 per share. Entertainment industry in Germany expected to see average net income growth of 29% next year. Consensus price target down from €1.90 to €1.83. Share price fell 2.8% to €0.88 over the past week. Announcement • Dec 15
Pantaflix AG, Annual General Meeting, Jun 20, 2023 Pantaflix AG, Annual General Meeting, Jun 20, 2023. Price Target Changed • Nov 16
Price target decreased to €1.90 Down from €3.30, the current price target is an average from 2 analysts. New target price is 105% above last closing price of €0.93. Stock is down 25% over the past year. The company is forecast to post a net loss per share of €0.23 next year compared to a net loss per share of €0.10 last year. Breakeven Date Change • Nov 16
Forecast breakeven date pushed back to 2024 The 2 analysts covering Pantaflix previously expected the company to break even in 2023. New consensus forecast suggests losses will reduce by 31% per year to 2023. The company is expected to make a profit of €950.0k in 2024. Average annual earnings growth of 92% is required to achieve expected profit on schedule. Major Estimate Revision • Oct 04
Consensus revenue estimates fall by 14% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from €25.6m to €22.0m. Forecast losses increased from -€0.20 to -€0.23 per share. Entertainment industry in Germany expected to see average net income growth of 28% next year. Consensus price target of €2.00 unchanged from last update. Share price fell 15% to €0.70 over the past week. Reported Earnings • Sep 27
First half 2022 earnings released: EPS: €0 (vs €0.12 loss in 1H 2021) First half 2022 results: EPS: €0. Revenue: €10.1m (down 56% from 1H 2021). Net loss: €2.71m (loss widened 23% from 1H 2021). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Entertainment industry in Germany. Announcement • Sep 17
Pantaflix AG to Report First Half, 2022 Results on Sep 27, 2022 Pantaflix AG announced that they will report first half, 2022 results on Sep 27, 2022 Announcement • Jul 22
Pantaflix AG Elects Kerstin Trottnow to Supervisory Board Pantaflix AG at Annual General Meeting Kerstin Trottnow newly elected to the Supervisory Board. Breakeven Date Change • Jun 11
Forecast breakeven date pushed back to 2024 The analyst covering Pantaflix previously expected the company to break even in 2022. New forecast suggests losses will reduce by 52% per year to 2023. The company is expected to make a profit of €1.20m in 2024. Average annual earnings growth of 69% is required to achieve expected profit on schedule. Price Target Changed • Apr 27
Price target decreased to €2.35 Down from €3.30, the current price target is an average from 2 analysts. New target price is 70% above last closing price of €1.38. Stock is up 10.0% over the past year. The company is forecast to post a net loss per share of €0.065 next year compared to a net loss per share of €0.42 last year. Breakeven Date Change • Apr 27
Forecast breakeven date pushed back to 2022 The 2 analysts covering Pantaflix previously expected the company to break even in 2021. New consensus forecast suggests losses will reduce by 82% to 2021. The company is expected to make a profit of €600.0k in 2022. Average annual earnings growth of 50% is required to achieve expected profit on schedule. Reported Earnings • Oct 15
First half 2021 earnings released: €0.12 loss per share (vs €0.28 loss in 1H 2020) The company reported a solid first half result with reduced losses, improved revenues and improved control over expenses. First half 2021 results: Revenue: €22.7m (up 324% from 1H 2020). Net loss: €2.20m (loss narrowed 48% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. Announcement • Aug 27
Pantaflix AG Reaffirms Earnings Guidance for the Fiscal Year 2021 Pantaflix AG reaffirmed earnings guidance for the fiscal year 2021. The company reaffirms the forecast for the current fiscal year, which schedules a significant increase in revenue compared to the previous year to at least EUR 30.0 million (2020: EUR 7.8 million) with a simultaneous significant improvement in LBIT to a level of EUR 2.5 million up to the operating break-even point (2020: EUR 7.1 million). Executive Departure • Aug 10
Chief Operating Officer Thilo Schlüter has left the company On the 2nd of August, Thilo Schlüter's tenure as Chief Operating Officer ended after 2.3 years in the role. We don't have any record of a personal shareholding under Thilo's name. Thilo is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.46 years. Announcement • Jul 15
Pantaflix Studios Produces New Series Sex Zimmer, Küche, Bad Exclusively for Amazon Prime Video PANTAFLIX AG continues its successful cooperation with Amazon Prime Video. After two seasons of the hit series with Matthias Schweigh-fer YOU ARE WANTED, realized by PANTALEON Films for Amazon's streaming offering, PANTAFLIX Studios will now produce the series Sex Zimmer, K-che, Bad for Amazon Prime Video. Prime Video has exclusively licensed the series, which will later be available as Amazon Exclusive. The new series humorously tells about the life of a flat-sharing community in Munich's Glockenbachviertel, one of the trendiest neighborhoods in the heart of the Isar metropolis. The cast includes C-line Beran, Sascha Quade, Chris Torez and Patrick M-lleken. The main roles are played by established acting talents and newcomers as well as successful influencers, including Lukas White, Leon Pelz and Luana Kn-ll. Musician and content creator Mario Novembre provides the theme song for the Amazon Exclusive series and plays a guest role. Reported Earnings • Jun 28
Full year 2020 earnings released: €0.42 loss per share (vs €0.50 loss in FY 2019) The company reported a soft full year result with weaker revenues and control over costs, although losses reduced. Full year 2020 results: Revenue: €8.59m (down 70% from FY 2019). Net loss: €7.10m (loss narrowed 8.1% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has fallen by 43% per year, which means it is performing significantly worse than earnings. Announcement • Jun 25
Pantaflix AG Provides Earnings Guidance for the Year 2021 Pantaflix AG provided earnings guidance for the year 2021. The Management Board expects a significant year-on-year increase in revenue to at least EUR 30 million (2020: EUR 7.8 million) for the 2021 financial year. At the same time, EBIT is expected to improve significantly to a level of EUR -2.5 million up to the operating break-even point (2020: EUR -7.1 million). These expectations are subject to further pandemic developments. Is New 90 Day High Low • Feb 11
New 90-day high: €1.58 The company is up 31% from its price of €1.21 on 12 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 Entertainment industry, which is up 10.0% over the same period. Is New 90 Day High Low • Jan 21
New 90-day high: €1.58 The company is up 11% from its price of €1.42 on 23 October 2020. The German market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 24% over the same period. Price Target Changed • Jan 20
Price target lowered to €2.90 Down from €3.29, the current price target is provided by 1 analyst. The new target price is 126% above the current share price of €1.29. As of last close, the stock is down 28% over the past year. Is New 90 Day High Low • Dec 02
New 90-day low: €1.13 The company is down 10.0% from its price of €1.26 on 03 September 2020. The German market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 19% over the same period. Is New 90 Day High Low • Nov 03
New 90-day low: €1.19 The company is down 7.0% from its price of €1.27 on 04 August 2020. The German market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 9.0% over the same period. Reported Earnings • Oct 17
First half earnings released Over the last 12 months the company has reported total losses of €5.76m, with losses narrowing by 47% from the prior year. Total revenue was €19.6m over the last 12 months, down 46% from the prior year. Announcement • Sep 24
PANTAFLIX AG Announces Airbus Uses PANTAFLIX Technology for Global Equipment of the Connect-D Platform of the German Federal Armed Forces PANTAFLIX AG announced that it has won another well-known customer for its streaming platform PANTAFLIX. The aerospace company Airbus uses the technology for the Connect-D-Service for the German Federal Armed Forces. With Connect-D, Airbus provides the German Armed Forces with a platform for communication and entertainment. PANTAFLIX is responsible for the technology for the extensive film and series streaming offer. From now on, Bundeswehr soldiers will be able to access the platform at a total of 15 locations on three continents. For this purpose, PANTAFLIX installs its VoD system on site at the respective locations and ships and solves the challenges with regard to security and connectivity. This demanding project once again underlines PANTAFLIX's competence in meeting specific customer requirements in terms of workflow, security and technical integration.