Board Change • May 20
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Albin Jacquemont was the last independent director to join the board, commencing their role in 2026. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • May 20
SRP Groupe S.A., Annual General Meeting, Jun 25, 2026 SRP Groupe S.A., Annual General Meeting, Jun 25, 2026. Location: 1 impasse du pilier, la plaine saint denis France Announcement • Mar 28
SRP Groupe S.A. to Report First Half, 2026 Results on Sep 24, 2026 SRP Groupe S.A. announced that they will report first half, 2026 results on Sep 24, 2026 Announcement • Feb 19
SRP Groupe S.A., Annual General Meeting, Mar 26, 2026 SRP Groupe S.A., Annual General Meeting, Mar 26, 2026. Location: 1 impasse du pilier, la plaine saint denis France Announcement • Jan 24
SRP Groupe S.A. to Report Fiscal Year 2025 Results on Mar 25, 2026 SRP Groupe S.A. announced that they will report fiscal year 2025 results on Mar 25, 2026 Announcement • May 17
SRP Groupe S.A., Annual General Meeting, Jun 25, 2025 SRP Groupe S.A., Annual General Meeting, Jun 25, 2025. Location: 1 impasse du pilier, la plaine saint denis France New Risk • Sep 06
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 6.9% 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. Reported Earnings • Jul 29
First half 2024 earnings released First half 2024 results: Revenue: €318.1m (down 4.0% from 1H 2023). Net loss: €20.7m (loss widened €17.9m from 1H 2023). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Specialty Retail industry in Germany. New Risk • May 16
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 85% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 19
Full year 2023 earnings released Full year 2023 results: Revenue: €677.2m (up 3.0% from FY 2022). Net income: €492.0k (up 54% from FY 2022). Profit margin: 0.1% (up from 0% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.6% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Specialty Retail industry in Germany. New Risk • Feb 12
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. This is currently the only risk that has been identified for the company. Buying Opportunity • Dec 28
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be €1.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • Nov 25
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 19%. The fair value is estimated to be €1.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • Apr 23
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 3.3%. The fair value is estimated to be €1.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 4.4% per annum. Earnings is also forecast to grow by 50% per annum over the same time period. Reported Earnings • Mar 10
Full year 2022 earnings released Full year 2022 results: Revenue: €657.4m (down 9.2% from FY 2021). Net income: €319.0k (down 99% from FY 2021). Profit margin: 0% (down from 3.8% in FY 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.4% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Online Retail industry in Germany. Valuation Update With 7 Day Price Move • Nov 22
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €1.56, the stock trades at a forward P/E ratio of 57x. Average forward P/E is 18x in the Online Retail industry in Europe. Total returns to shareholders of 104% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.59 per share. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Director Sophie Garenne was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 03
Ancelle Sarl completed the acquisition of additional 11.72% minority stake in SRP Groupe S.A. (ENXTPA : SRP) from Tp Invest Holding Sarl. Ancelle Sarl agreed to acquire additional 11.72% stake in SRP Groupe S.A. (ENXTPA : SRP) from Tp Invest Holding Sarl for €13.9 million on June 21, 2022. Ancelle will pay €1 cash per share. The consideration will be financed by means of a loan taken out by Ancelle in the amount of €10 million and, for the balance, carried out by exchange for shares in an unlisted company in which TP Invest and Ancelle both hold a stake.
Ancelle Sarl completed the acquisition of additional 11.72% stake in SRP Groupe S.A. (ENXTPA : SRP) from Tp Invest Holding Sarl on August 31, 2022. Reported Earnings • Jul 30
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down €20.6m from profit in 1H 2021). Profit margin: (down from 5.3% in 1H 2021). The decrease in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 10%, compared to a 34% growth forecast for the industry in Germany. Buying Opportunity • Jul 22
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be €1.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.7% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 1.1% in 2 years. Earnings is forecast to decline by 59% in the next 2 years. Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment improved over the past week After last week's 17% share price gain to €1.37, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 16x in the Online Retail industry in Europe. Total returns to shareholders of 110% over the past three years. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Director Sophie Garenne was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improved over the past week After last week's 23% share price gain to €1.47, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 34x in the Online Retail industry in Germany. Negligible returns to shareholders over past three years. Buying Opportunity • Mar 31
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 40%. The fair value is estimated to be €1.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to decline by 1.1% in 2 years. Earnings is forecast to decline by 59% in the next 2 years. Buying Opportunity • Mar 15
Now 25% undervalued after recent price drop Over the last 90 days, the stock is down 43%. The fair value is estimated to be €1.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.7% per annum over the last 3 years. Reported Earnings • Mar 12
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Revenue: €723.8m (up 3.8% from FY 2020). Net income: €27.3m (up 96% from FY 2020). Profit margin: 3.8% (up from 2.0% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is expected to shrink by 4.0% compared to a 43% growth forecast for the retail industry in Germany. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €1.31, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 14x in the Online Retail industry in Europe. Total loss to shareholders of 9.4% over the past three years. Valuation Update With 7 Day Price Move • Oct 23
Investor sentiment deteriorated over the past week After last week's 20% share price decline to €2.12, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 35x in the Online Retail industry in Germany. Total returns to shareholders of 6.0% over the past three years. Reported Earnings • Aug 02
First half 2021 earnings released: EPS €0.17 (vs €0.13 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €388.3m (up 28% from 1H 2020). Net income: €20.6m (up €27.2m from 1H 2020). Profit margin: 5.3% (up from net loss in 1H 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment improved over the past week After last week's 19% share price gain to €3.50, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 48x in the Online Retail industry in Germany. Total returns to shareholders of 15% over the past three years. Valuation Update With 7 Day Price Move • May 10
Investor sentiment improved over the past week After last week's 18% share price gain to €3.75, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 34x in the Online Retail industry in Germany. Total returns to shareholders of 5.9% over the past three years. Reported Earnings • Mar 14
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: €697.5m (up 13% from FY 2019). Net income: €13.9m (up €84.4m from FY 2019). Profit margin: 2.0% (up from net loss in FY 2019). Analyst Estimate Surprise Post Earnings • Mar 14
Revenue misses expectations Revenue missed analyst estimates by 9.5%. Over the next year, revenue is forecast to grow 5.4%, compared to a 56% growth forecast for the Online Retail industry in Germany. Is New 90 Day High Low • Feb 05
New 90-day high: €3.24 The company is up 152% from its price of €1.29 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 Online Retail industry, which is up 20% over the same period. Is New 90 Day High Low • Jan 10
New 90-day high: €2.72 The company is up 184% from its price of €0.96 on 09 October 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 26% over the same period. Is New 90 Day High Low • Dec 18
New 90-day high: €1.85 The company is up 106% from its price of €0.90 on 18 September 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 26% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.54 per share. Is New 90 Day High Low • Nov 07
New 90-day high: €1.29 The company is up 115% from its price of €0.60 on 07 August 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.76 per share. Is New 90 Day High Low • Oct 24
New 90-day high: €1.07 The company is up 61% from its price of €0.66 on 24 July 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.84 per share.