Announcement • Apr 14
Grupo Ezentis, S.A., Annual General Meeting, May 13, 2025 Grupo Ezentis, S.A., Annual General Meeting, May 13, 2025. Location: hotel elba madrid alcala, calle alcala 476., madrid Spain Reported Earnings • Sep 25
First half 2024 earnings released: €0.001 loss per share (vs €0.19 profit in 1H 2023) First half 2024 results: €0.001 loss per share (down from €0.19 profit in 1H 2023). Revenue: €7.18m (down 35% from 1H 2023). Net loss: €565.0k (down 101% from profit in 1H 2023). Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. New Risk • Sep 25
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.1% This is considered a minor 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 Risk Negative equity (-€4.0m). Minor Risks Shareholders have been diluted in the past year (3.1% increase in shares outstanding). Market cap is less than US$100m (€55.0m market cap, or US$61.2m). New Risk • Sep 21
New major risk - Negative shareholders equity The company has negative equity. Total equity: -€4.0m 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 (-€4.0m). Minor Risk Market cap is less than US$100m (€59.8m market cap, or US$66.8m). New Risk • Sep 15
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Negative equity (-€5.1m). Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Market cap is less than US$100m (€65.8m market cap, or US$72.9m). Announcement • Aug 06
Grupo Ezentis, S.A. announced that it expects to receive €13.2 million in funding Grupo Ezentis, S.A. announced a private agreement for the issuance of 2,640 convertible bonds nominal value of €5,000 at issue price of up to €5,000with new investor, Global Tech Opportunities 30, managed by Alpha Blue Ocean for gross proceeds €13,200,000 on August 5, 2024. The issuance will be made in 7 tranches. Interest rate of bonds is 0% and mature on 12 months from subscription. Announcement • May 25
Grupo Ezentis, S.A., Annual General Meeting, Jun 25, 2024 Grupo Ezentis, S.A., Annual General Meeting, Jun 25, 2024. Location: hotel elba madrid alcala, calle alcala 476., madrid Spain New Risk • Feb 10
New major risk - Negative shareholders equity The company has negative equity. Total equity: -€206m 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 Risks Shares are highly illiquid. Negative equity (-€206m). Revenue has declined by 25% over the past year. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Market cap is less than US$100m (€74.8m market cap, or US$80.7m). Board Change • Jan 30
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Pedro Azcárate Palacios was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Feb 01
Grupo Ezentis, S.A. announced that it has received €16 million in funding Grupo Ezentis, S.A. announced a private placement for gross proceeds of €16 million on January 31, 2023. The transaction included participation from main shareholder, José Elías and supplier of Telefónica, S.A. Board Change • Aug 11
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Pedro María Azcárate Palacios was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 15
Full year 2021 earnings released: €0.34 loss per share (vs €0.13 loss in FY 2020) Full year 2021 results: €0.34 loss per share (down from €0.13 loss in FY 2020). Revenue: €363.8m (down 1.5% from FY 2020). Net loss: €144.1m (loss widened 235% from FY 2020). Over the next year, revenue is forecast to grow 7.2%, compared to a 7.1% 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 46 percentage points per year, which is a significant difference in performance. Announcement • Jun 30
Integrum International Inc agree to acquire Chilean, Peruvian, Colombian and Mexican business of Grupo Ezentis, S.A. for €43.7 million. Integrum International Inc agree to acquire Chilean, Peruvian, Colombian and Mexican business of Grupo Ezentis, S.A. for €43.7 million on June 28, 2021. The agreed price amounts to €43.7 million, of which a total of €37.7 million will be paid through a bank transfer that will be ordered on the closing date, and the remaining €6 million will be deposited, during a period additional 12 months, in an account as a guarantee of the fulfillment of certain obligations of Grupo Ezentis, S.A. The closing will take place in a approximate term of one month. Announcement • Mar 31
Grupo Ezentis, S.A. announced that it has received funding from Electrica Nuriel, S.L.U. On March 29, 2021, Grupo Ezentis, S.A. closed the transaction. The investor exercised its right to convert 66,200,000 bonds into shares and has received €40,000,000 in the round. Post closing of the transaction, the investor holds 28.6% stake in the company. Reported Earnings • Mar 18
Full year 2020 earnings released: €0.11 loss per share (vs €0.012 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €375.9m (down 20% from FY 2019). Net loss: €35.3m (down €39.3m from profit in FY 2019). Analyst Estimate Surprise Post Earnings • Mar 01
Revenue misses expectations Revenue missed analyst estimates by 4.4%. Over the next year, revenue is forecast to grow 22%, compared to a 1.8% growth forecast for the Communications industry in Germany. Reported Earnings • Feb 28
Full year 2020 earnings released: €0.10 loss per share (vs €0.022 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €372.6m (down 18% from FY 2019). Net loss: €35.3m (down €42.7m from profit in FY 2019). Is New 90 Day High Low • Jan 05
New 90-day high: €0.41 The company is up 78% from its price of €0.23 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 Communications industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.47 per share. Announcement • Dec 30
Grupo Ezentis, S.A. (BME:EZE) acquired Parera RPM. Grupo Ezentis, S.A. (BME:EZE) acquired Parera RPM on December 29, 2020.
Grupo Ezentis, S.A. (BME:EZE) completed the acquisition of Parera RPM on December 29, 2020. Is New 90 Day High Low • Dec 10
New 90-day high: €0.30 The company is up 9.0% from its price of €0.28 on 11 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 Communications 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 €0.34 per share. Announcement • Dec 01
Ezentis Announces Executive Changes Ezentis has announced the appointment of Enrique Sanchez de Leon as its new non-executive president, replacing Guillermo Fernandez Vidal, who has stepped down for health reasons after 5 years. Sanchez de Leon has been an Ezentis director since 2011 and is the group's current vice president and head of the Appointments and Remuneration Committee. Analyst Estimate Surprise Post Earnings • Nov 16
Revenue misses expectations Revenue missed analyst estimates by 2.6%. Over the next year, revenue is forecast to grow 19%, compared to a 2.8% growth forecast for the Communications industry in Germany. Is New 90 Day High Low • Oct 29
New 90-day low: €0.22 The company is down 29% from its price of €0.31 on 30 July 2020. The German market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications 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 €0.28 per share. Is New 90 Day High Low • Sep 22
New 90-day low: €0.27 The company is down 20% from its price of €0.33 on 24 June 2020. The German market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.32 per share. Announcement • Aug 06
Grupo Ezentis, S.A. (BME:EZE) acquired Pentagono Sistemas Electronicos de alta Seguridad sl. Grupo Ezentis, S.A. (BME:EZE) acquired Pentagono Sistemas Electronicos de alta Seguridad sl. on August 4, 2020.
Grupo Ezentis, S.A. (BME:EZE) completed the acquistion of Pentagono Sistemas Electronicos de alta Seguridad sl. on August 4, 2020. Pentagono Sistemas Electronicos de alta Seguridad sl. has EUR 4 million in annual revenues from installing security systems across several Spanish provinces.