Announcement • Jun 28
SHS VIVEON AG, Annual General Meeting, Aug 07, 2024 SHS VIVEON AG, Annual General Meeting, Aug 07, 2024, at 10:00 W. Europe Standard Time. Announcement • Apr 17
Sidetrade SA (ENXTPA:ALBFR) signed binding purchase agreements to acquire 58.73% stake in SHS VIVEON AG (XTRA:SHWK) for €4.4 million. Sidetrade SA (ENXTPA:ALBFR) signed binding purchase agreements to acquire 58.73% stake in SHS VIVEON AG (XTRA:SHWK) for €4.4 million on April 15, 2024. The offer price per share is €3 for 1,462,489 shares. Sidetrade is assisted by King & Spalding LLP as legal advisor on the transaction and ODDO BHF SE as financial advisor. New Risk • Apr 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 12% 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 (12% average weekly change). Market cap is less than US$10m (€7.32m market cap, or US$7.78m). Minor Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). New Risk • Apr 07
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 Market cap is less than US$10m (€5.13m market cap, or US$5.56m). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (8.0% average weekly change). New Risk • Jan 30
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 7.0% 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 Risk Market cap is less than US$10m (€4.61m market cap, or US$5.00m). Minor Risk Share price has been volatile over the past 3 months (7.0% average weekly change). Major Estimate Revision • Sep 27
Consensus EPS estimates upgraded to €0.11 loss The consensus outlook for fiscal year 2023 has been updated. 2023 losses forecast to reduce from -€0.17 to -€0.11 per share. Revenue forecast unchanged from €9.40m at last update. IT industry in Germany expected to see average net income growth of 56% next year. Consensus price target broadly unchanged at €7.40. Share price fell 3.3% to €1.78 over the past week. Reported Earnings • Sep 24
First half 2023 earnings released First half 2023 results: Revenue: €4.58m (down 2.7% from 1H 2022). Net loss: €79.2k (loss narrowed 92% from 1H 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the IT industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Aug 24
Consensus EPS estimates upgraded to €0.17 loss The consensus outlook for fiscal year 2023 has been updated. 2023 losses forecast to reduce from -€0.32 to -€0.17 per share. Revenue forecast unchanged from €9.40m at last update. IT industry in Germany expected to see average net income growth of 56% next year. Consensus price target up from €7.00 to €7.30. Share price rose 4.9% to €1.94 over the past week. Price Target Changed • Aug 23
Price target increased by 7.4% to €7.30 Up from €6.80, the current price target is provided by 1 analyst. New target price is 292% above last closing price of €1.86. Stock is down 55% over the past year. The company is forecast to post a net loss per share of €0.17 next year compared to a net loss per share of €1.25 last year. New Risk • Aug 04
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 9.4% 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 (9.4% average weekly change). Market cap is less than US$10m (€5.03m market cap, or US$5.55m). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (15% increase in shares outstanding). Price Target Changed • Apr 18
Price target decreased by 27% to €4.90 Down from €6.70, the current price target is an average from 2 analysts. New target price is 190% above last closing price of €1.69. Stock is down 69% over the past year. The company is forecast to post a net loss per share of €1.22 compared to earnings per share of €0.12 last year. Major Estimate Revision • Dec 06
Consensus EPS estimates fall by 171% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from €10.4m to €9.60m. Losses expected to increase from €0.45 per share to €1.22. IT industry in Germany expected to see average net income growth of 25% next year. Consensus price target down from €12.05 to €8.70. Share price fell 42% to €1.74 over the past week. Price Target Changed • Dec 05
Price target decreased to €8.70 Down from €12.80, the current price target is an average from 2 analysts. New target price is 397% above last closing price of €1.75. Stock is down 85% over the past year. The company is forecast to post a net loss per share of €0.45 compared to earnings per share of €0.12 last year. Price Target Changed • Sep 07
Price target decreased to €12.80 Down from €15.25, the current price target is provided by 1 analyst. New target price is 228% above last closing price of €3.90. Stock is down 74% over the past year. The company posted earnings per share of €0.12 last year. Reported Earnings • Aug 27
First half 2022 earnings released: EPS: €0 (vs €0.05 in 1H 2021) First half 2022 results: EPS: €0 (down from €0.05 in 1H 2021). Revenue: €4.99m (down 9.1% from 1H 2021). Net loss: €992.2k (down €1.11m from profit in 1H 2021). Over the next year, revenue is forecast to grow 8.5%, compared to a 13% growth forecast for the IT industry in Germany. Major Estimate Revision • Aug 25
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from €11.6m to €11.0m. 2022 losses expected to reduce from -€0.44 to -€0.31 per share. IT industry in Germany expected to see average net income growth of 25% next year. Consensus price target broadly unchanged at €15.00. Share price was steady at €3.98 over the past week. Reported Earnings • May 15
Full year 2021 earnings released Full year 2021 results: Revenue: €11.3m (down 5.8% from FY 2020). Net loss: €354.0k (down 136% from profit in FY 2020). Over the next year, revenue is forecast to grow 2.6%, compared to a 18% growth forecast for the industry in Germany. Price Target Changed • Apr 27
Price target decreased to €15.25 Down from €17.30, the current price target is an average from 2 analysts. New target price is 185% above last closing price of €5.35. Stock is down 59% over the past year. The company posted earnings per share of €0.45 last year. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €5.60, the stock trades at a trailing P/E ratio of 12.3x. Average forward P/E is 27x in the IT industry in Germany. Total returns to shareholders of 38% over the past three years. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €6.05, the stock trades at a trailing P/E ratio of 13.3x. Average forward P/E is 29x in the IT industry in Germany. Total returns to shareholders of 46% over the past three years. Price Target Changed • Feb 12
Price target decreased to €12.30 Down from €17.30, the current price target is provided by 1 analyst. New target price is 68% above last closing price of €7.30. Stock is down 50% over the past year. The company posted earnings per share of €0.45 last year. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorated over the past week After last week's 21% share price decline to €8.85, the stock trades at a trailing P/E ratio of 19.4x. Average forward P/E is 29x in the IT industry in Germany. Total returns to shareholders of 114% over the past three years. Reported Earnings • Aug 05
First half 2020 earnings released: EPS €0.05 (vs €0.08 in 1H 2019) The company reported a poor first half result with weaker earnings, revenues and profit margins. First half 2020 results: Revenue: €5.18m (down 13% from 1H 2019). Net income: €108.8k (down 38% from 1H 2019). Profit margin: 2.1% (down from 2.9% in 1H 2019). The decrease in margin was driven by lower revenue. Upcoming Dividend • Jun 18
Upcoming dividend of €0.10 per share Eligible shareholders must have bought the stock before 25 June 2021. Payment date: 29 June 2021. Trailing yield: 0.6%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (0.9%). Price Target Changed • Feb 20
Price target raised to €17.40 Up from €13.00, the current price target is provided by 1 analyst. The new target price is 23% above the current share price of €14.20. As of last close, the stock is up 29% over the past year. Is New 90 Day High Low • Feb 12
New 90-day high: €14.60 The company is up 42% from its price of €10.30 on 13 November 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 5.0% over the same period. Is New 90 Day High Low • Jan 28
New 90-day high: €13.40 The company is up 37% from its price of €9.75 on 30 October 2020. The German market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 5.0% over the same period. Is New 90 Day High Low • Jan 05
New 90-day high: €11.90 The company is up 18% from its price of €10.10 on 07 October 2020. The German market is up 8.0% 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. Is New 90 Day High Low • Dec 03
New 90-day high: €11.20 The company is up 11% from its price of €10.10 on 04 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 IT industry, which is down 15% over the same period. Is New 90 Day High Low • Oct 19
New 90-day low: €9.85 The company is down 12% from its price of €11.20 on 20 July 2020. The German market is flat over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is down 15% over the same period.